|
Report Date : |
27.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
TRINOS VAKUUM-SYSTEME GMBH |
|
|
|
|
Registered Office : |
Anna-Vandenhoeck-Ring
44, D 37081 Göttingen |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
01.07.1997 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
·
Manufacture
of other general-purpose machinery ·
Agents
involved in the sale of machines (except agricultural machinery and office
machinery) and industrial supplies n.e.c. · Wholesale of other machinery, equipment and supplies |
|
|
|
|
No of Employees : |
154 |
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 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate 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 |
Anna-Vandenhoeck-Ring
44
D 37081
Göttingen
Telephone: 0551/999630
Telefax: 0551/9996310
Homepage: www.trinos.de
E-mail: info@trinos.de
Active
DE188544351
20/200/20348
Business
relations are permissible
LEGAL
FORM Private limited company
Date of foundation: 01.07.1997
Shareholders'
agreement: 08.12.1998
Registered on: 25.02.1999
Commercial Register: Local court 37073 Göttingen
under: HRB
3008
Share capital: EUR 451,000.00
Shareholder:
Pfeiffer Vacuum Technology AG
Berliner Str. 43
D 35614 Aßlar
Legal form: Public
limited company
Share capital: EUR
25,261,207.04
Share: EUR 451,000.00
Registered on: 01.03.1996
Reg. data: 35578 Wetzlar,
HRB 44
Manager:
Marcus Weinhagen
Schiefer Weg 4
D 37073 Göttingen
having sole power of
representation
born: 06.06.1970
Profession: Fully
qualified physicist
Marital status: unknown
Further functions/participations of
Marcus Weinhagen (Manager) Shareholder:
Leinehof Immobilien GmbH
Schiefer Weg 4
D 37073 Göttingen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 13.06.2013
Reg. data: 37073 Göttingen, HRB 204042
Manager:
Leinehof Immobilien GmbH
Schiefer Weg 4
D 37073 Göttingen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 13.06.2013
Reg. data: 37073 Göttingen, HRB 204042
Member of the Supervisory Board:
SüdniedersachsenStiftung
Heinrich-von-Stephan-Str.
1
D 37073 Göttingen
Legal form: Private law foundation
Reg. data: 37073 Göttingen,
07.1997 - 25.02.1999 Christoph Bundschu & Peter Spreitz &
Marcus Weinhagen
Hannah-Vogt-Str. 1
D 37085 Göttingen
Partnership under the Civil Code
25.02.1999 - 02.2000 Trinos Vakuum-Systeme GmbH
Hannah-Vogt-Str. 1
D 37085 Göttingen
Private limited company
03.2000 - 2001 Trinos
Vakuum-Systeme GmbH
Bertha-von-Suttner-Str. 5
D 37085 Göttingen
Private limited company
22.04.1999 - 22.04.2013 Manager
Peter Spreitz
D 37120 Bovenden
Main industrial sector
28290 Manufacture of other general-purpose
machinery
32990 Other manufacturing n.e.c.
46141 Agents involved in the sale of machines
(except agricultural machinery and office machinery) and industrial supplies
n.e.c.
4669 Wholesale of other machinery, equipment and
supplies
Payment experience: within
agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2012
Type of ownership: Tenant
Address Anna-Vandenhoeck-Ring
44
D 37081 Göttingen
Land register documents were not available.
Principal bank
SPARKASSE GÖTTINGEN, 37070 GÖTTINGEN,
NIEDERSACHS
Sort. code: 26050001
BIC: NOLADE21GOE
Further bank
COMMERZBANK VORMALS DRESDNER BANK, 37006
GÖTTINGEN, NIEDERSACHS
Sort. code: 26080024
BIC: DRESDEFF260
Turnover: 2011 ca. EUR 22,500,000.00
2012 ca. EUR 17,200,000.00
Gross profit or
loss:2012 EUR 9,446,176.00
2013 EUR 10,000,000.00
Profit: 2012 EUR 281,271.00
further business figures:
Equipment: EUR 367,521.00
Ac/ts receivable: EUR 2,345,038.00
Liabilities: EUR 6,820,809.00
Employees:
154
- thereof permanent
staff:
140
- Trainees:
14
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 78.45
Liquidity ratio: 10.00
Return on total capital [%]: 2.27
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 76.89
Liquidity ratio: 10.00
Return on total capital [%]: 12.79
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 20.27
Liquidity ratio: 0.42
Return on total capital [%]: 12.38
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 9.85
Liquidity ratio: 0.31
Return on total capital [%]: 1.15
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.
The
liquidity ratio shows the proportion between adjusted receivables and net
liabilities. The higher the ratio, the lower the company's financial dependancy
from external creditors.
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: 01.01.2012
- 31.12.2012
ASSETS EUR 12,395,553.11
Fixed assets EUR 4,651,369.15
Intangible assets EUR 52,445.00
Other / unspecified
intangible assetsEUR
52,445.00
Tangible assets EUR 4,369,924.15
Land / similar
rights EUR 2,597,079.40
Plant / machinery EUR 1,141,761.00
Other tangible assets /
fixtures and
fittings EUR 367,521.00
Advance payments made /
construction
in progress EUR 263,562.75
Financial assets EUR 229,000.00
Shares in participations
/
subsidiaries and the
like EUR 229,000.00
Shares in related
companies EUR 229,000.00
Current assets EUR 7,713,692.31
Stocks EUR 3,548,506.64
Accounts receivable EUR 2,345,037.90
Amounts due from related
companies EUR 639,378.83
Other debtors and
assets EUR 1,705,659.07
Liquid means EUR 1,820,147.77
Remaining other
assets EUR 30,491.65
Accruals (assets) EUR 30,491.65
LIABILITIES EUR 12,395,553.11
Shareholders' equity EUR 4,523,929.42
Capital EUR 451,000.00
Subscribed capital
(share capital) EUR 451,000.00
Reserves EUR 500,000.00
Retained earnings /
revenue reserves EUR
500,000.00
Balance sheet profit/loss
(+/-) EUR 3,572,929.42
Profit / loss brought
forward EUR 3,291,658.86
Annual surplus / annual
deficit EUR 281,270.56
Items between
shareholders' equity and
debt capital EUR 579,700.00
Allowances / bonuses EUR 579,700.00
Provisions EUR 471,115.00
Liabilities EUR 6,820,808.69
Other liabilities EUR 6,820,808.69
Liabililties due to
related companiesEUR
5,452,822.47
Unspecified other
liabilities EUR 1,367,986.22
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Gross result (+/-) EUR 9,446,175.54
Staff expenses EUR 6,127,490.95
Wages and salaries EUR 5,029,250.83
Social security
contributions and
expenses for pension
plans and
benefits EUR 1,098,240.12
Total depreciation EUR 450,487.60
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 450,487.60
Other operating expenses EUR 2,242,454.62
Operating result from
continuing
operations EUR 625,742.37
Interest result (+/-) EUR -191,086.93
Interest and similar
income EUR 13,022.50
thereof from related
companies EUR 10,841.34
Interest and similar
expenses EUR 204,109.43
thereof paid to related
companies EUR 204,066.64
Other financial
result EUR -3,791.94
Depreciation on financial
assets and
marketable
securities EUR 3,791.94
Financial result
(+/-) EUR -194,878.87
Result from ordinary
operations (+/-) EUR 430,863.50
Income tax / refund of
income tax (+/-)EUR -137,231.51
Other taxes / refund of
taxes EUR -12,361.43
Tax (+/-) EUR -149,592.94
Annual surplus / annual
deficit EUR 281,270.56
Type of balance sheet: Company
balance sheet
Financial year: 01.01.2011
- 31.12.2011
ASSETS EUR 13,358,491.40
Fixed assets
EUR 4,763,621.50
Intangible assets
EUR 62,385.00
Other / unspecified intangible assetsEUR 62,385.00
Tangible assets
EUR 4,446,586.50
Land / similar rights EUR 2,679,983.40
Plant / machinery
EUR 1,256,798.00
Other tangible assets / fixtures and
fittings
EUR 385,332.00
Advance payments made / construction
in
progress
EUR 124,473.10
Financial assets
EUR 254,650.00
Shares in participations /
subsidiaries and the like
EUR 254,650.00
Shares in related companies
EUR 254,650.00
Current assets
EUR 8,567,570.01
Stocks
EUR 3,505,387.80
Accounts receivable
EUR 2,317,247.74
Amounts
due from related companies EUR 62,450.00
Other debtors and assets
EUR 2,254,797.74
Liquid means
EUR 2,744,934.47
Remaining other assets
EUR 27,299.89
Accruals (assets)
EUR 27,299.89
LIABILITIES EUR 13,358,491.40
Shareholders' equity
EUR 4,242,658.86
Capital
EUR 451,000.00
Subscribed capital (share capital)
EUR 451,000.00
Reserves
EUR 500,000.00
Retained earnings / revenue reserves EUR 500,000.00
Balance sheet profit/loss (+/-)
EUR 3,291,658.86
Profit / loss brought forward
EUR 1,605,878.08
Annual surplus / annual deficit
EUR 1,685,780.78
Items between shareholders' equity and
debt capital
EUR 616,250.00
Allowances / bonuses
EUR 616,250.00
Provisions
EUR 1,304,016.00
Liabilities
EUR 7,195,566.54
Other liabilities EUR 7,195,566.54
Liabililties due to related companiesEUR 5,991,025.58
Unspecified other liabilities
EUR 1,204,540.96
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Gross result (+/-) EUR 11,820,739.79
Staff expenses EUR 6,171,545.37
Wages and salaries EUR 5,060,215.60
Social security contributions and
expenses for pension plans and
benefits EUR 1,111,329.77
Total depreciation EUR 465,356.21
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 465,356.21
Other operating expenses EUR 2,262,334.41
Operating result from continuing
operations EUR 2,921,503.80
Interest result (+/-) EUR -387,487.95
Interest and similar income EUR 7,663.05
thereof from related companies EUR 5,932.65
Interest and similar expenses EUR 395,151.00
thereof paid to related companies EUR 393,710.00
Financial result (+/-) EUR -387,487.95
Result from ordinary operations (+/-) EUR
2,534,015.85
Expenses for transfer of profits to a
parent company EUR 18,750.00
Income tax / refund of income tax
(+/-)EUR -809,392.91
Other taxes / refund of taxes EUR -20,092.16
Tax (+/-) EUR -829,485.07
Annual surplus / annual deficit EUR
1,685,780.78
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 60.16 |
|
|
1 |
Rs. 102.23 |
|
Euro |
1 |
Rs. 82.04 |
INFORMATION DETAILS
|
Analysis Done by
: |
RSM |
|
|
|
|
Report Prepared by
: |
DPT |
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.