MIRA INFORM REPORT

 

 

Report Date :

04.06.2014

 

IDENTIFICATION DETAILS

 

Name :

ISRA SURFACE VISION GMBH

 

 

Registered Office :

Albert-Einstein-Allee 36-40, D 45699 Herten

 

 

Country :

Germany

 

 

Date of Incorporation :

14.10.1991

 

 

Com. Reg. No.:

HRB 5352

 

 

Legal Form :

Private limited company

 

 

Line of Business :

·         Manufacture of instruments and appliances for measuring, testing and navigation

·         Manufacture of optical instruments and photographic equipment

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

Slow but correct

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

 


Company name and address

 

ISRA SURFACE VISION GMBH

 

 Company Status:         active

                                    Albert-Einstein-Allee 36-40

                                    D 45699 Herten

                                    Telephone:02366/93000

                                    Telefax:  02366/9300230

                                    Homepage: www.isravision.com

                                     E-mail:   info.surface@isravision.com

 

 VAT no.:                      DE811798792

 

 

CONCLUSION

 

 Business relations are permissible.

 

 

Company summary

 

 LEGAL FORM              Private limited company

 Date of foundation:      14.10.1991

 Shareholders'

 agreement:                    14.10.1991

 Registered on:              28.06.2005

 Commercial Register:   Local court 45657 Recklinghausen

 under:                          HRB 5352

 

 Share capital:                          EUR            366,700.00

 

 Shareholder:

                      ISRA VISION AG

                      Industriestr. 14

                      D 64297 Darmstadt

                      Legal form: Public limited company

                      Share capital:     EUR          4,381,240.00

                      Share:             EUR            366,700.00

                      Registered on: 13.03.2000

                      Reg. data: 64283 Darmstadt, HRB 7722

                      Profit transfer agreement

 President of the Board of Management:

                      Enis Ersü

                      Carl-Ulrich-Str. 60

                      D 64297 Darmstadt

                      having sole power of representation

                      born: 17.02.1953 in Istanbul

                      Profession: graduate engineer

                      Marital status: married

 Manager:

                      Dr. Rudolf Krampe

                      Rüsbergstr. 13 b

                      D 58456 Witten

                      having sole power of representation

                      born: 19.07.1956

                      Profession: graduate engineer

                      Marital status: married

 Manager:

                      Peter Eickmeyer

                      D 32584 Löhne

                      born: 18.08.1951

                      Profession: Master mechanic in machine

                      construction

 Manager:

                      Hans-Jürgen Christ

                      D 64372 Ober-Ramstadt

                      having sole power of representation

                      born: 16.02.1962

                      Profession: graduate engineer

                      Marital status: unknown

 Manager:

                      Martin Helmut Heinrich

                      D 64331 Weiterstadt

                      having sole power of representation

                      born: 11.06.1964

 Proxy:

                      Werner Bork

                      Pagenstrothsweg 15

                      D 33332 Gütersloh

                      authorized to jointly represent the company

                      born: 17.02.1954

                      Property regime: Statutory matrimonial

                      property regime

                      Marital status: married

 Proxy:

                      Thomas Oelrich

                      D 44139 Dortmund

                      authorized to jointly represent the company

                      born: 02.04.1968

 

 Further functions/participations of Enis Ersü (President of the

 Board of Management)

 Limited partner:

                      EVWB GmbH & Co. KG

                      Hainbuchenring 9-11

                      D 82061 Neuried

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Total cap.         EUR              9,930.00

                      contribution:

                      Share:             EUR              9,920.00

                      Registered

                      on:         29.01.2014

                      Reg. data:  80333 München, HRA 101849

 Limited partner:

                      VISION SAILING GmbH & Co. KG

                      Carl-Ulrich-Str. 60

                      D 64297 Darmstadt

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Total cap.         EUR              5,000.00

                      contribution:

                      Share:             EUR              2,500.00

                      Registered

                      on:         19.05.2004

                      Reg. data:  64283 Darmstadt, HRA 7087

 Shareholder:

                      EVWB Vermögensverwaltungs GmbH

                      Carl-Ulrich-Str. 60

                      D 64297 Darmstadt

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Share:             EUR             25,000.00

                      Registered

                      on:         13.01.2004

                      Reg. data:  64283 Darmstadt, HRB 9025

 Manager:

                      ISRA VISION LASOR GmbH

                      Oldentruper Str. 121

                      D 33604 Bielefeld

                      Legal form: Private limited company

                      Share capital:     EUR            367,500.00

                      Registered

                      on:         13.05.2011

                      Reg. data:  33602 Bielefeld, HRB 40334

 Manager:

                      3D-Shape GmbH

                      Am Weichselgarten 21

                      D 91058 Erlangen

                      Legal form: Private limited company

                      Share capital:     EUR             32,200.00

                      Registered

                      on:         28.03.2001

                      Reg. data:  90762 Fürth, HRB 8389

 


Manager:

                      EVWB Vermögensverwaltungs GmbH

                      Carl-Ulrich-Str. 60

                      D 64297 Darmstadt

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         13.01.2004

                      Reg. data:  64283 Darmstadt, HRB 9025

 Manager:

                      ISRA VISION GmbH

                      Industriestr. 14

                      D 64297 Darmstadt

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         07.04.2005

                      Reg. data:  64283 Darmstadt, HRB 9452

 Manager:

                      ISRA VISION Graphikon GmbH

                      Max-Planck-Str. 3

                      D 12489 Berlin

                      Legal form: Private limited company

                      Share capital:     EUR            213,100.00

                      Registered

                      on:         13.12.1990

                      Reg. data:  14057 Berlin, HRB 36122 B

 Manager:

                      GP Solar GmbH

                      Hainbuchenring 9-11

                      D 82061 Neuried

                      Legal form: Private limited company

                      Share capital:     EUR            250,000.00

                      Registered

                      on:         29.06.2013

                      Reg. data:  80333 München, HRB 206073

 Manager:

                      GP Inspect GmbH

                      Hainbuchenring 9-11

                      D 82061 Neuried

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         03.06.2008

                      Reg. data:  80333 München, HRB 173887

 Shareholder:

                      ISRA VISION AG

                      Industriestr. 14

                      D 64297 Darmstadt

                      Legal form: Public limited company

                      Share capital:     EUR          4,381,240.00

                      Share:      25.430 %

                      Registered

                      on:         13.03.2000

                      Reg. data:  64283 Darmstadt, HRB 7722

 President of the Board of Directors:

                      ISRA VISION AG

                      Industriestr. 14

                      D 64297 Darmstadt

                      Legal form: Public limited company

                      Share capital:     EUR          4,381,240.00

                      Registered

                      on:         13.03.2000

                      Reg. data:  64283 Darmstadt, HRB 7722

 

 Further functions/participations of Peter Eickmeyer (Manager)

 Proxy:

                      ISRA VISION LASOR GmbH

                      Oldentruper Str. 121

                      D 33604 Bielefeld

                      Legal form: Private limited company

                      Share capital:     EUR            367,500.00

                      Registered

                      on:         13.05.2011

                      Reg. data:  33602 Bielefeld, HRB 40334

 

 Further functions/participations of Hans-Jürgen Christ (Manager)

 Manager:

                      ISRA PARSYTEC GmbH

                      Pascalstr. 16

                      D 52076 Aachen

                      Legal form: Private limited company

                      Share capital:     EUR            465,000.00

                      Registered

                      on:         22.04.1992

                      Reg. data:  52070 Aachen, HRB 5119

 President of the Board of Directors:

                      ISRA VISION PARSYTEC AG

                      Pascalstr. 16

                      D 52076 Aachen

                      Post Box:

                      50 02 39, D 52086 Aachen

                      Legal form: Public limited company

                      Share capital:     EUR          6,206,178.00

                      Registered

                      on:         21.08.1998

                      Reg. data:  52070 Aachen, HRB 7346

 Vice-president of the Board of Directors:

                      ISRA VISION AG

                      Industriestr. 14

                      D 64297 Darmstadt

                      Legal form: Public limited company

                      Share capital:     EUR          4,381,240.00

                      Registered

                      on:         13.03.2000

                      Reg. data:  64283 Darmstadt, HRB 7722

 

 Further functions/participations of Martin Helmut Heinrich

 (Manager)

 Shareholder:

                      International Automation Equity GmbH

                      Haydnstr. 22a

                      D 64331 Weiterstadt

                      Legal form: Private limited company in

                                  liquidation

                      Share capital:     EUR            119,900.00

                      Share:             EUR            119,900.00

                      Registered

                      on:         18.05.2006

                      Reg. data:  60313 Frankfurt, HRB 77190

 Manager:

                      ISRA PARSYTEC GmbH

                      Pascalstr. 16

                      D 52076 Aachen

                      Legal form: Private limited company

                      Share capital:     EUR            465,000.00

                      Registered

                      on:         22.04.1992

                      Reg. data:  52070 Aachen, HRB 5119

 Manager:

                      metronom Automation GmbH

                      Max-Hufschmidt-Str. 4a

                      D 55130 Mainz

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         25.04.2001

                      Reg. data:  55116 Mainz, HRB 7561

 Manager:

                      GP Solar GmbH

                      Hainbuchenring 9-11

                      D 82061 Neuried

                      Legal form: Private limited company

                      Share capital:     EUR            250,000.00

                      Registered

                      on:         29.06.2013

                      Reg. data:  80333 München, HRB 206073

 Manager:

                      3D-Shape GmbH

                      Am Weichselgarten 21

                      D 91058 Erlangen

                      Legal form: Private limited company

                      Share capital:     EUR             32,200.00

                      Registered

                      on:         28.03.2001

                      Reg. data:  90762 Fürth, HRB 8389

 Manager:

                      Lasor INCAM GmbH

                      Industriestr. 14

                      D 64297 Darmstadt

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         19.05.2000

                      Reg. data:  32657 Lemgo, HRB 4681

 Manager:

                      ISRA VISION GmbH

                      Industriestr. 14

                      D 64297 Darmstadt

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         07.04.2005

                      Reg. data:  64283 Darmstadt, HRB 9452

 Manager:

                      ISRA VISION Graphikon GmbH

                      Max-Planck-Str. 3

                      D 12489 Berlin

                      Legal form: Private limited company

                      Share capital:     EUR            213,100.00

                      Registered

                      on:         13.12.1990

                      Reg. data:  14057 Berlin, HRB 36122 B

 Manager:

                      GP Inspect GmbH

                      Hainbuchenring 9-11

                      D 82061 Neuried

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         03.06.2008

                      Reg. data:  80333 München, HRB 173887

 Member of the Board of Directors:

                      ISRA VISION PARSYTEC AG

                      Pascalstr. 16

                      D 52076 Aachen

                      Post Box:

                      50 02 39, D 52086 Aachen

                      Legal form: Public limited company

                      Share capital:     EUR          6,206,178.00

                      Registered

                      on:         21.08.1998

                      Reg. data:  52070 Aachen, HRB 7346

 Proxy:

                      ISRA VISION AG

                      Industriestr. 14

                      D 64297 Darmstadt

                      Legal form: Public limited company

                      Share capital:     EUR          4,381,240.00

                      Registered

                      on:         13.03.2000

                      Reg. data:  64283 Darmstadt, HRB 7722

 Proxy:

                      ISRA VISION LASOR GmbH

                      Oldentruper Str. 121

                      D 33604 Bielefeld

                      Legal form: Private limited company

                      Share capital:     EUR            367,500.00

                      Registered

                      on:         13.05.2011

                      Reg. data:  33602 Bielefeld, HRB 40334

 Liquidator:

                      International Automation Equity GmbH

                      Haydnstr. 22a

                      D 64331 Weiterstadt

                      Legal form: Private limited company in

                                  liquidation

                      Share capital:     EUR            119,900.00

                      Registered

                      on:         18.05.2006

                      Reg. data:  60313 Frankfurt, HRB 77190

 

 

 COMPANY HISTORY

 

 20.12.1991 - 20.09.1994  SWS Glastechnik GmbH

                          Auf der Reihe 2

                          D 45884 Gelsenkirchen

                          Private limited company

 20.09.1994 - 25.09.2002  INNOMESS Gesellschaft für Meßtechnik mbH

                          Elbestr. 10

                          D 45768 Marl

                          Private limited company

 26.09.2002 - 21.01.2003  INNOMESS GmbH

                          Elbestr. 10

                          D 45768 Marl

                          Private limited company

 22.01.2003 - 30.06.2005  ISRA GLASS VISION GmbH

                          Elbestr. 10

                          D 45768 Marl

                          Private limited company

 01.07.2005 - 31.03.2006  ISRA SURFACE VISION GMBH

                          Ewaldstr. 261

                          D 45699 Herten

                          Private limited company

 

 

 RESIGNED ACTING PERSONS AND SHAREHOLDERS

 

 25.08.2005 - 02.05.2012  Manager

                          Ludger Wahlers

                          D 46240 Bottrop

 

 

 BUSINESS ACTIVITIES

 

 Main industrial sector

 26512   Manufacture of instruments and appliances for measuring, testing and navigation

26700    Manufacture of optical instruments and photographic equipment

 

 

BRANCHES AND FACTORIES

 

 Branch:

                      ISRA SURFACE VISION GMBH

                      Industriestr. 14

                      D 64297 Darmstadt

                      TEL.: 06151/948-0

 

 

 FINANCIAL INFORMATION

 

 Payment experience:    within agreed terms

 

 Negative information:   We have no negative information at hand.

 

 

 REAL ESTATE

           

 Type of ownership:       Tenant

 Address                                      Albert-Einstein-Allee 36-40

                                    D 45699 Herten

 

 Real Estate of:             Dr. Rudolf Krampe

 Type of ownership:       Tenant

 Address                       Rüsbergstr. 13 b

                                    D 58456 Witten

 

 Real Estate of:             Hans-Jürgen Christ

 Type of ownership:       unknown

 Address                       Jenaer Str. 2

                                    D 64372 Ober-Ramstadt

 

 Land register documents were not available.

 

 

 BANKERS

 

 COMMERZBANK, 64218 DARMSTADT

 Sort. code: 50840005, Account no.: 141369900

 BIC: COBADEFF508, IBAN: DE52508400050141369900

 COMMERZBANK VORMALS DRESDNER BANK, 64219 DARMSTADT

 Sort. code: 50880050, Account no.: 170467900

 BIC: DRESDEFF508, IBAN: DE45508800500170467900

 

 

 FINANCIAL FIGURES

 

 Financial year:      01.10. - 30.09.

 Share capital:                          EUR            366,700.00

 The number of employees is not known.

 

 Profit transfer agreement to:

                      ISRA VISION AG

                      Industriestr. 14

                      D 64297 Darmstadt


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.59.21

UK Pound

1

Rs.99.17

Euro

1

Rs.80.56

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

NNA

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.