|
Report Date : |
10.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
HAAG-STREIT
SURGICAL GMBH |
|
|
|
|
Registered Office : |
Rosengarten 10,
D 22880 Wedel |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
11.07.2012 |
|
|
|
|
Com. Reg. No.: |
HRB 10137 PI |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Manufacture of Technical Instruments
and Supplies for Medical
Purposes n.e.c. |
|
|
|
|
No. of Employees : |
25 |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
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 |
Haag-Streit Surgical GmbH
Company
Status: active
Rosengarten 10
D 22880 Wedel
Telephone:04103/70902
Telefax: 04103/709355
Homepage: www.haag-streit-surgical.com
E-mail: info@haag-streit-surgical.com
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 11.07.2012
Begin of business
activities: 11.07.2012
Shareholders'
agreement: 11.07.2012
Registered on: 22.08.2012
Commercial Register: Local court 25421 Pinneberg
under: HRB
10137 PI
EUR 500,000.00
HAAG-STREIT-Holding AG
Gartenstadtstr. 10
CH 3098 Köniz
Legal form: Other legal
form
Share: EUR 500,000.00
Manager:
Joachim Gerike
D 22880 Wedel
having sole power of
representation
born: 04.10.1964
Nationality: Swedish
Main industrial sector
32501
Manufacutre of technical instruments and supplies for medical purposes
n.e.c.
33200
Installation of machines and equipment n.e.c.
46462
Wholesale of medical and orthopedic goods, dental and laboratory
supplies
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2013
Type of ownership: Tenant
Address Rosengarten
10
D 22880 Wedel
Land register documents were not available.
A
bank connection is unknown.
Turnover: 2013 *EUR 3,750,000.00
Profit: 2013 EUR 359,187.00
Equipment: *EUR 208,000.00
Ac/ts receivable: EUR 3,934,239.00
Liabilities: EUR
2,896,869.00
Employees:
25
The
business figures marked with an asterisk are estimates based on average values
in the line of business.
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 14.48
Liquidity ratio: 1.36
Return on total capital [%]: 8.65
Balance sheet ratios 11.07.2012 - 31.12.2012
Equity ratio [%]: 28.47
Liquidity ratio: 1.94
Return on total capital [%]: -26.62
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 dependancy 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: 01.01.2013 - 31.12.2013
ASSETS EUR 4,169,603.45
Fixed assets EUR 230,462.01
Intangible assets EUR 33,574.00
Tangible assets EUR 196,888.01
Current assets EUR 3,937,741.44
Accounts receivable EUR 3,934,238.95
Liquid means EUR 3,502.49
Remaining other assets EUR 1,400.00
Accruals (assets) EUR 1,400.00
LIABILITIES EUR 4,169,603.45
Shareholders' equity EUR 618,018.98
Capital EUR 500,000.00
Subscribed capital (share capital) EUR 500,000.00
Balance sheet profit/loss (+/-) EUR
118,018.98
Profit / loss brought forward EUR -241,168.26
Annual surplus / annual deficit EUR 359,187.24
Provisions EUR 654,715.09
Liabilities EUR 2,896,869.38
Type of balance
sheet: Company balance sheet
Financial
year: 11.07.2012 - 31.12.2012
ASSETS EUR 906,883.75
Fixed assets EUR 38,390.34
Intangible assets EUR 1,706.00
Other / unspecified intangible
assetsEUR 1,706.00
Tangible assets EUR 36,684.34
Other / unspecified tangible assets EUR 36,684.34
Current assets EUR 859,384.86
Accounts receivable EUR 575,639.10
Other debtors and assets EUR 575,639.10
Liquid means EUR 283,745.76
Remaining other assets EUR 9,108.55
Accruals (assets) EUR 9,108.55
LIABILITIES EUR 906,883.75
Shareholders' equity EUR 258,831.74
Capital EUR 500,000.00
Subscribed capital (share capital) EUR 500,000.00
Balance sheet profit/loss (+/-) EUR -241,168.26
Annual surplus / annual deficit EUR -241,168.26
Provisions EUR 67,600.00
Liabilities EUR 580,452.01
Other liabilities EUR 580,452.01
Unspecified other liabilities
EUR 580,452.01
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.52 |
|
|
1 |
Rs.97.39 |
|
Euro |
1 |
Rs.76.16 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NIT |
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.