|
Report Date : |
16.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
MATEC
MASCHINENBAU GMBH |
|
|
|
|
Registered Office : |
Wilhelm-Maier-Str.
3, D 73257 Kongen |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation : |
1992 |
|
|
|
|
Com. Reg. No.: |
HRB 224764 |
|
|
|
|
Legal Form : |
Private Limited
Company |
|
|
|
|
Line of Business : |
·
Manufacture of Other General Purpose Machinery ·
Wholesale of Machine Tools |
|
|
|
|
No. of Employees : |
148 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
GERMANY - ECONOMIC OVERVIEW
The German economy - the
fifth largest economy in the world in PPP terms and Europe's largest - is a
leading exporter of machinery, vehicles, chemicals, and household equipment and
benefits from a highly skilled labor force. Like its Western European neighbors,
Germany faces significant demographic challenges to sustained long-term growth.
Low fertility rates and declining net immigration are increasing pressure on
the country's social welfare system and necessitate structural reforms. Reforms
launched by the government of Chancellor Gerhard SCHROEDER (1998-2005), deemed
necessary to address chronically high unemployment and low average growth, has
contributed to strong growth and falling unemployment. These advances, as well
as a government subsidized, reduced working hour scheme, help explain the
relatively modest increase in unemployment during the 2008-09 recession - the
deepest since World War II - and its decrease to 5.3% in 2013. The new German
government introduced a minimum wage of $11 per hour to take effect in 2015.
Stimulus and stabilization efforts initiated in 2008 and 2009 and tax cuts
introduced in Chancellor Angela MERKEL's second term increased Germany's total
budget deficit - including federal, state, and municipal - to 4.1% in 2010, but
slower spending and higher tax revenues reduced the deficit to 0.8% in 2011 and
in 2012 Germany reached a budget surplus of 0.1%. A constitutional amendment
approved in 2009 limits the federal government to structural deficits of no
more than 0.35% of GDP per annum as of 2016 though the target was already
reached in 2012. Following the March 2011 Fukushima nuclear disaster,
Chancellor Angela MERKEL announced in May 2011 that eight of the country's 17
nuclear reactors would be shut down immediately and the remaining plants would
close by 2022. Germany hopes to replace nuclear power with renewable energy.
Before the shutdown of the eight reactors, Germany relied on nuclear power for
23% of its electricity generating capacity and 46% of its base-load electricity
production.
|
Source
: CIA |
MATEC MASCHINENBAU GMBH
Company Status: active
Wilhelm-Maier-Str. 3
D 73257 Köngen
Telephone: 07024/98385-0
Telefax: 07024/98385-30
Homepage: www.matec.de
E-mail:
info@matec.de
VAT No.: DE145927860
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1992
Shareholders' agreement: 09.06.1992
Registered on: 15.07.1999
Commercial Register: Local court 70190 Stuttgart
Under: HRB
224764
Share
capital: EUR
890,000.00
Shareholder: Bharat Fritz Werner
Off Tumkur Road
IND Bangalore
Legal form: Other legal form
Share: EUR 801,000.00
Shareholder: Erich Unger
Reußensteinweg 23/1
D 73779 Deizisau
Born: 09.10.1953
Share: EUR 89,000.00
Manager: Erich Unger
Reußensteinweg 23/1
D
73779 Deizisau having sole power of representation
Born: 09.10.1953
Profession: Businessman
Marital status: married
09.06.1992 - 30.04.1996 Matec Maschinenbau GmbH
Im Hof 3
D 73274
Notzingen
Private limited company
01.05.1996 - 31.12.2000 Matec
Maschinenbau GmbH
Küferstr. 11
D
73257 Köngen
Private limited company
Main industrial sector
28290
Manufacture of other general-purpose machinery
Secondary industrial sector
46620
Wholesale of machine tools
Payment experience: Within agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2012/2013
Type of ownership: Proprietor
Share: 100.00 %
Address Wilhelm-Maier-Str.
3
D 73257 Köngen
Land register documents were not available.
Principal Bank
COMMERZBANK VORMALS DRESDNER BANK, 70049
STUTTGART
Sort. Code: 60080000
BIC: DRESDEFF600
Further Banks
COMMERZBANK, 98527 SUHL
Sort. Code: 82040000, Account no.: 405911900
BIC: COBADEFFXXX, IBAN: DE61820400000405911900
COMMERZBANK VORMALS DRESDNER BANK, 73219
KIRCHHEIM UNTER TECK
Sort. Code: 61281007, Account no.: 157133300
BIC: DRESDEFF612, IBAN: DE85612810070157133300
KREISSPARKASSE ESSLINGEN-NÜRTINGEN, 73702
ESSLINGEN AM NECKAR
Sort. Code: 61150020, Account no.: 8221881
BIC: ESSLDE66XXX, IBAN: DE74611500200008221881
VOLKSBANK PLOCHINGEN, 73203 PLOCHINGEN
Sort. Code: 61191310, Account no.: 673501000
BIC: GENODES1VBP, IBAN: DE50611913100673501000
RHÖN-RENNSTEIG-SPARKASSE, 98605 MEININGEN
Sort. Code: 84050000, Account no.: 1710008500
BIC: HELADEF1RRS, IBAN: DE52840500001710008500
HSH NORDBANK HAMBURG, KIEL, 24100 KIEL
Sort. Code: 21050000, Account no.: 1000538687
BIC: HSHNDEHHXXX, IBAN: DE90210500001000538687
BADEN-WÜRTTEMBERGISCHE BANK, 70049 STUTTGART
Sort. Code: 60020030
BIC: SOLADEST601
Turnover: 2011/2012 EUR 43,189,787.00
2012/2013
EUR 50,372,038.00
2013/2014
EUR 50,000,000.00
Profit: 2011/2012 EUR 669,944.00
2012/2013 EUR 2,573,847.00
Further business figures:
Equipment: EUR 467,530.00
Ac/ts receivable: EUR 5,800,421.00
Liabilities: EUR 11,464,351.00
Employees:
148
- thereof permanent staff: 148
Balance sheet ratios 01.04.2012 - 31.03.2013
Equity ratio [%]: 31.41
Liquidity ratio: 0.55
Return on total capital [%]: 11.79
Balance sheet ratios 01.07.2011 - 31.03.2012
Equity ratio [%]: 40.81
Liquidity ratio: 0.70
Return on total capital [%]: 4.52
Balance sheet ratios 01.07.2010 - 30.06.2011
Equity ratio [%]: 35.13
Liquidity ratio: 0.84
Return on total capital [%]: 2.74
Equity ratio
The equity ratio indicates the portion of the
equity as compared to the total capital. The higher the equity ratio, the
better the economic stability (solvency) and thus the financial autonomy of a
company.
Liquidity
ratio
The liquidity ratio shows the proportion
between adjusted receivables and net liabilities. The higher the ratio, the
lower the company's financial dependency from external creditors.
Return on total capital
The return on total capital shows the
efficiency and return on the total capital employed in the company. The higher
the return on total capital, the more economically does the company work with
the invested capital.
Type of Balance Sheet: Company balance sheet
Financial year: 01.04.2012 - 31.03.2013
ASSETS EUR 21,944,981.11
Fixed assets EUR 4,592,645.97
Intangible assets EUR 321,685.00
Internally generated
industrial
property rights and
similar rights
and assets EUR 298,506.00
Concessions, licences,
rights EUR 23,179.00
Tangible assets EUR 4,193,098.53
Land / similar
rights EUR 3,660,419.53
Plant / machinery EUR 65,149.00
Other tangible assets /
fixtures and
fittings EUR 467,530.00
Financial assets EUR 77,862.44
Shares in participations
/
subsidiaries and the
like EUR 77,862.44
Shares in related
companies EUR 77,862.44
Current assets EUR 17,008,820.19
Stocks EUR 10,278,424.12
Raw materials,
consumables and
supplies EUR 8,389,490.31
Finished goods / work in
progress EUR 4,847,699.09
Minus received advance
payments for
orders / installments
for stocks EUR -2,958,765.28
Accounts receivable EUR 5,800,421.15
Amounts due from
shareholders EUR 13,066.52
Trade debtors EUR 5,609,867.50
Other debtors and
assets EUR 177,487.13
Liquid means EUR 929,974.92
Remaining other
assets EUR 343,514.95
Accruals (assets) EUR 248,414.95
Deferred taxes
(assets) EUR 95,100.00
LIABILITIES EUR 21,944,981.11
Shareholders' equity EUR 6,967,165.26
Capital EUR 890,000.00
Subscribed capital
(share capital) EUR 890,000.00
Balance sheet profit/loss
(+/-) EUR 6,077,165.26
Profit / loss brought
forward EUR 3,503,318.52
Annual surplus / annual
deficit EUR 2,573,846.74
Provisions EUR 3,427,564.54
Provisions for taxes EUR 1,033,401.00
Other / unspecified
provisions EUR 2,394,163.54
Liabilities EUR
11,464,351.31
Financial debts EUR 7,260,892.61
Liabilities due to
banks EUR 7,260,892.61
Other liabilities EUR 4,203,458.70
Trade creditors (for IAS
incl. bills
of exchange) EUR 3,713,952.01
Unspecified other
liabilities EUR 489,506.69
thereof liabilities
from tax /
financial
authorities EUR 323,644.03
Other liabilities EUR 85,900.00
Deferred taxes (not
included under
provisions/liabilities)
EUR 85,900.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm. Code (HGB)
Sales EUR 50,372,037.81
Inventory change + own
costs (+/-) EUR 254,356.31
Inventory change
(+/-) EUR 254,356.31
Other operating
income EUR 1,278,065.49
Cost of materials EUR 31,149,881.85
Raw materials and
supplies, purchased
goods EUR 29,530,382.66
Purchased services EUR 1,619,499.19
Gross result (+/-) EUR 20,754,577.76
Staff expenses EUR 9,525,121.50
Wages and salaries EUR 8,108,635.59
Social security
contributions and
expenses for pension plans
and
benefits EUR 1,416,485.91
Total depreciation EUR 465,754.14
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 465,754.14
Other operating
expenses EUR 6,610,585.98
Operating result from
continuing
operations EUR 4,153,116.14
Interest result (+/-) EUR -535,557.72
Interest and similar
income EUR 18,096.53
Interest and similar
expenses EUR 553,654.25
thereof paid to related
companies EUR 29,286.59
Financial result
(+/-) EUR -535,557.72
Result from ordinary
operations (+/-) EUR 3,617,558.42
Income tax / refund of
income tax (+/-)EUR -1,043,711.68
Tax (+/-) EUR -1,043,711.68
Annual surplus / annual
deficit EUR 2,573,846.74
Type of balance sheet: Company balance sheet
Financial year: 01.07.2011 - 31.03.2012
ASSETS EUR 20,404,267.42
Fixed assets EUR 4,817,577.53
Intangible assets EUR 494,896.00
Internally generated
industrial
property rights and
similar rights
and assets EUR 470,546.00
Concessions, licences,
rights EUR 24,350.00
Tangible assets EUR 4,322,681.53
Land / similar
rights EUR 3,761,106.53
Plant / machinery EUR 70,947.00
Other tangible assets /
fixtures and
fittings EUR 490,628.00
Current assets EUR 15,229,172.59
Stocks EUR 7,904,596.99
Raw materials, consumables
and
supplies EUR 8,986,817.25
Finished goods / work in
progress EUR 4,593,342.78
Minus received advance
payments for
orders / installments
for stocks EUR -5,675,563.04
Accounts receivable EUR 5,408,800.92
Trade debtors EUR 5,206,077.61
Other debtors and
assets EUR 202,723.31
Liquid means EUR 1,915,774.68
Remaining other
assets EUR 357,517.30
Accruals (assets) EUR 242,417.30
thereof disagio EUR 28,900.00
Deferred taxes
(assets) EUR 115,100.00
LIABILITIES EUR 20,404,267.42
Shareholders' equity EUR 4,393,318.52
Capital EUR 890,000.00
Subscribed capital
(share capital) EUR 890,000.00
Balance sheet profit/loss
(+/-) EUR 3,503,318.52
Profit / loss brought
forward EUR 2,586,754.92
Annual surplus / annual
deficit EUR 916,563.60
Provisions EUR 2,226,381.88
Provisions for taxes EUR 277,870.00
Other / unspecified
provisions EUR 1,948,511.88
Liabilities EUR 13,649,167.02
Financial debts EUR 3,234,939.37
Liabilities due to
banks EUR 3,234,939.37
Other liabilities EUR 10,414,227.65
Trade creditors (for IAS
incl. bills
of exchange) EUR 5,736,308.56
Liabilities due to
shareholders EUR 4,002,775.19
Unspecified other
liabilities EUR 675,143.90
thereof liabilities
from tax /
financial
authorities EUR 444,336.00
thereof liabilities
from social
security EUR 13,896.92
Other liabilities EUR 135,400.00
Deferred taxes (not
included under
provisions/liabilities) EUR 135,400.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm. Code (HGB)
Sales EUR 35,108,282.66
Inventory change + own
costs (+/-) EUR 1,031,670.33
Inventory change (+/-) EUR 938,809.99
Capitalized own
costs EUR 92,860.34
Other operating
income EUR 194,772.06
Cost of materials EUR 22,612,003.16
Raw materials and
supplies, purchased
goods EUR 21,816,029.53
Purchased services EUR 795,973.63
Gross result (+/-) EUR 13,722,721.89
Staff expenses EUR 6,666,368.58
Wages and salaries EUR 5,667,024.05
Social security
contributions and
expenses for pension
plans and
benefits EUR 999,344.53
Total depreciation EUR 306,675.02
Depreciation on tangible
/ intangible
assets (incl. start-up
and exp. of
bus. EUR 306,675.02
Other operating
expenses EUR 4,958,424.64
Operating result from
continuing
operations EUR 1,791,253.65
Interest result (+/-) EUR -541,125.88
Interest and similar
income EUR 85,817.11
Interest and similar
expenses EUR 626,942.99
thereof paid to related
companies EUR 60,958.91
Financial result
(+/-) EUR -541,125.88
Result from ordinary
operations (+/-) EUR 1,250,127.77
Income tax / refund of
income tax (+/-)EUR -333,564.17
Tax (+/-) EUR -333,564.17
Annual surplus / annual
deficit EUR 916,563.60
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.22 |
|
UK Pound |
1 |
Rs.102.79 |
|
Euro |
1 |
Rs.81.95 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation
is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.