MIRA INFORM REPORT

 

 

Report Date :

26.11.2014

 

 

IDENTIFICATION DETAILS

 

Name :

BERTHOLD TECHNOLOGIES GMBH & CO. KG

 

 

Registered Office :

Calmbacher Str. 22, D 75323 Bad Wildbad

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

30.10.2000

 

 

Com. Reg. No.:

HRA 330991

 

 

Legal Form :

Ltd partnership with priv. ltd. company as general partner

 

 

Line of Business :

Manufacture of instruments and appliances for measuring, testing and navigation

 

 

No. of Employees :

254

 

 

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 – 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

 

 

 

 

Company Name And Address

 

BERTHOLD TECHNOLOGIES GmbH & Co. KG

 

Company Status:      active

                      Calmbacher Str. 22

                      D 75323 Bad Wildbad

                      Telephone:07081/177-0

                      Telefax:  07081/177-100

                      Homepage: www.berthold.com

                      E-mail:   info@berthold.com

 

 

VAT no.

 

DE813050511

 

 

CONCLUSION

 

 Business relations are permissible.

 

 

Company summary

 

 LEGAL FORM              Ltd partnership with priv. ltd. company as general partner

 Date of foundation:        2000

 Registered on:              30.10.2000

 Register of

 companies:                  Local court 70190 Stuttgart

 under:                          HRA 330991

 

 Total cap. contribution:                EUR         15,386,000.00

 Number of

 shareholders:                                                  13

 Shareholder total capital:              EUR         15,386,000.00

 

 General partner:

                      BERTHOLD TECHNOLOGIES Verwaltungs-GmbH

                      Calmbacher Str. 22

                      D 75323 Bad Wildbad

                      Legal form: Private limited company

                      Share capital:     EUR            110,000.00

                      Registered on: 18.12.2000

                      Reg. data: 70190 Stuttgart, HRB 331520

 

 Manager:

                      Horst Georg Knauff

                      Pflanzgarten 11

                      D 34628 Willingshausen

                      having sole power of representation

                      born: 31.07.1965

                      Profession: Fully qualified management

                      expert

 Proxy:

                      Anton Kappler

                      Murgstr. 21

                      D 75334 Straubenhardt

                      authorized to jointly represent the company

                      born: 15.05.1958

 Proxy:

                      Dr. Alfred Klett

                      Schillerstr. 67

                      D 75305 Neuenbürg

                      authorized to jointly represent the company

                      born: 11.06.1953

 Proxy:

                      Thomas Bogner

                      D 75334 Straubenhardt

                      authorized to jointly represent the company

                      born: 15.01.1967

 Proxy:

                      Dr. Jürgen Briggmann

                      D 75328 Schömberg

                      authorized to jointly represent the company

                      born: 13.06.1958

 

 

COMPANY HISTORY

 

 30.10.2000 - 30.11.2003  BERTHOLD TECHNOLOGIES GmbH & Co.KG

                          König-Karl-Str. 49

                          D 75323 Bad Wildbad

                          Ltd partnership with priv. ltd. company

                          as general partner

 

 

BUSINESS ACTIVITIES

 

Main industrial sector

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

96090   Other service activities n. e. c.

 

 

FINANCIAL INFORMATION

 

Payment experience:  within agreed terms

 

Negative information:We have no negative information at hand.

 

Balance sheet year:  2013

 

 

REAL ESTATE

 

 Type of ownership:        Tenant

 Address                       Calmbacher Str. 22

                                    D 75323 Bad Wildbad

 

 Real Estate of:              BERTHOLD TECHNOLOGIES Verwaltungs-GmbH

 Type of ownership:        Tenant

 Address                       Calmbacher Str. 22

                                    D 75323 Bad Wildbad

 

 Land register documents were not available.

 

 

BANKERS

 

 Principal bank

 VOLKSBANK PFORZHEIM ZW WILDBAD, 75323 BAD WILDBAD IM SCHWARZWALD

 Sort. code: 66690000

 BIC: VBPFDE66XXX

 

 

FINANCIAL FIGURES

 

 Turnover:            2012               EUR         57,058,324.00

                      2013               EUR         51,576,179.00

 Expected turnover:                      EUR         53,500,000.00

 Profit:              2012               EUR          8,039,353.00

                      2013               EUR          6,626,942.00

 further business figures:

 Equipment:                              EUR          1,331,314.00

 Ac/ts receivable:                       EUR          8,371,020.00

 Liabilities:                            EUR         15,927,140.00

 Employees:                                                    254

 - thereof permanent staff:                                    238

 - Trainees:                                                    14

 

 

 BALANCE SHEETS

 

 Balance sheet ratios     01.01.2013 - 31.12.2013

 Equity ratio [%]:                        50.13

 Liquidity ratio:                           10.00

 Return on total capital [%]:        10.06

 

 Balance sheet ratios     01.01.2012 - 31.12.2012

 Equity ratio [%]:                         50.41

 Liquidity ratio:                           10.00

 Return on total capital [%]:        12.60

 

 Balance sheet ratios     01.01.2011 - 31.12.2011

 Equity ratio [%]:                        49.72

 Liquidity ratio:                           10.00

 Return on total capital [%]:        16.33

 

 Balance sheet ratios     01.01.2010 - 31.12.2010

 Equity ratio [%]:                        43.71

 Liquidity ratio:                           10.00

 Return on total capital [%]:       8.75

 

 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         71,686,548.90

  Fixed assets                           EUR         25,882,443.26

   Intangible assets                     EUR            378,103.29

    Concessions, licences, rights        EUR            100,748.52

    Goodwill                             EUR            277,354.77

   Tangible assets                       EUR          7,510,893.89

    Land / similar rights                EUR          5,124,941.64

    Plant / machinery                    EUR            815,051.20

    Other tangible assets / fixtures and

    fittings                             EUR          1,331,313.83

    Advance payments made / construction

    in progress                          EUR            239,587.22

   Financial assets                      EUR         17,993,446.08

    Shares in participations /

    subsidiaries and the like            EUR          2,484,517.49

     Shares in related companies         EUR          2,480,226.67

     Shares in investee companies        EUR              4,290.82

    Securities included in fixed assets  EUR         15,508,928.59

  Current assets                         EUR         45,381,603.17

   Stocks                                EUR         12,169,975.52

    Raw materials, consumables and

    supplies                             EUR          2,788,405.36

    Finished goods / work in progress    EUR          9,359,599.45

    Advance payments made                EUR             21,970.71

   Accounts receivable                   EUR          8,371,020.12

    Amounts due from shareholders        EUR            243,110.97

    Trade debtors                        EUR          5,937,830.48

    Amounts due from related companies   EUR          1,362,158.05

    Other debtors and assets             EUR            827,920.62

   Liquid means                          EUR         24,840,607.53

  Remaining other assets                 EUR            422,502.47

   Accruals (assets)                     EUR             51,999.98

   Active difference from asset

   offsetting                            EUR            370,502.49

 

 LIABILITIES                             EUR         71,686,548.90

  Shareholders' equity                   EUR         23,957,001.00

   Capital                               EUR         16,500,000.00

    Limited partner's capital / capital

    of partially liable partner (LP)     EUR         16,500,000.00

     Limited partner's  capital, fixed

     capital, capital account I          EUR         16,500,000.00

   Reserves                              EUR          7,457,001.00

    Reserves for business partnerships   EUR          7,457,001.00

  Provisions                             EUR         31,802,408.00

   Pension provisions and comparable

   provisions                            EUR         26,499,536.00

   Other / unspecified provisions        EUR          5,302,872.00

  Liabilities                            EUR         15,927,139.90

   Other liabilities                     EUR         15,927,139.90

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR          2,389,945.00

    Liabilities from received advance

    payments                             EUR            710,925.00

    Liabilities due to shareholders      EUR         12,242,509.00

     thereof from goods/services provided

     by shareholders                     EUR              7,755.00

    Unspecified other liabilities        EUR            583,760.90

     thereof liabilities from tax /

     financial authorities               EUR            376,683.00

     thereof liabilities from social

     security                            EUR             52,319.00

 

 PROFIT AND LOSS ACCOUNT (cost of sales method) according to Comm.

 Code (HGB)

  Sales                                  EUR         51,576,178.95

  Manufacturing costs                    EUR         25,929,312.22

  Gross result on sales                  EUR         25,646,866.73

  Distribution costs                     EUR         10,098,546.49

  General administration expenses        EUR          7,396,286.57

  Other operating income                 EUR            777,544.24

  Other operating expenses               EUR            352,547.34

  Operating result from continuing

  operations                             EUR          8,577,030.57

  Result from participating interests

  (+/-)                                  EUR          1,698,074.34

   Expenses / income from participations EUR          1,698,074.34

    Income from related companies        EUR          1,698,074.34

  Interest result (+/-)                  EUR         -2,369,438.04

   Interest and similar income           EUR            181,170.46

   Interest and similar expenses         EUR          2,550,608.50

  Other financial result                 EUR            288,722.15

   Income from securities and loans from

   financial assets                      EUR            288,722.15

  Financial result (+/-)                 EUR           -382,641.55

  Result from ordinary operations (+/-)  EUR          8,194,389.02

  Extraordinary expenses                 EUR            532,978.00

  Extraordinary result (+/-)             EUR           -532,978.00

  Income tax / refund of income tax (+/-)EUR         -1,010,730.50

  Other taxes / refund of taxes          EUR            -23,738.96

  Tax (+/-)                              EUR         -1,034,469.46

  Annual surplus / annual deficit        EUR          6,626,941.56

 

 

 Type of balance sheet:                    Company balance sheet

 

 Financial year:                          01.01.2012 - 31.12.2012

 

 ASSETS                                  EUR         68,446,304.97

  Fixed assets                           EUR         21,563,823.79

   Intangible assets                     EUR            607,263.27

    Concessions, licences, rights        EUR            185,201.67

    Goodwill                             EUR            422,061.60

   Tangible assets                       EUR          7,456,374.30

    Land / similar rights                EUR          5,251,421.32

    Plant / machinery                    EUR            908,558.88

    Other tangible assets / fixtures and

    fittings                             EUR          1,218,689.44

    Advance payments made / construction

    in progress                          EUR             77,704.66

   Financial assets                      EUR         13,500,186.22

    Shares in participations /

    subsidiaries and the like            EUR          2,484,517.49

     Shares in related companies         EUR          2,480,226.67

     Shares in investee companies        EUR              4,290.82

    Securities included in fixed assets  EUR         11,015,668.73

  Current assets                         EUR         46,665,443.19

   Stocks                                EUR         14,315,680.23

    Raw materials, consumables and

    supplies                             EUR          3,295,076.50

    Finished goods / work in progress    EUR         10,951,695.48

    Advance payments made                EUR             68,908.25

   Accounts receivable                   EUR          6,870,908.78

    Trade debtors                        EUR          4,568,363.46

    Amounts due from related companies   EUR          1,949,324.49

    Other debtors and assets             EUR            353,220.83

   Liquid means                          EUR         25,478,854.18

  Remaining other assets                 EUR            217,037.99

   Accruals (assets)                     EUR             58,717.76

   Active difference from asset

   offsetting                            EUR            158,320.23

 

 LIABILITIES                             EUR         68,446,304.97

  Shareholders' equity                   EUR         22,631,611.91

   Capital                               EUR         16,500,000.00

    Other capital                        EUR         16,500,000.00

   Reserves                              EUR          6,131,611.91

    Reserves for business partnerships   EUR          6,131,611.91

  Provisions                             EUR         31,271,086.01

   Pension provisions and comparable

   provisions                            EUR         24,354,786.00

   Provisions for taxes                  EUR            894,295.00

   Other / unspecified provisions        EUR          6,022,005.01

  Liabilities                            EUR         14,543,607.05

   Other liabilities                     EUR         14,543,607.05

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR          1,673,406.46

    Liabilities from received advance

    payments                             EUR            302,349.17

    Liabilities due to shareholders      EUR         12,082,621.79

    Unspecified other liabilities        EUR            485,229.63

 

 PROFIT AND LOSS ACCOUNT (cost of sales method) according to Comm.

 Code (HGB)

  Sales                                  EUR         57,058,323.88

  Manufacturing costs                    EUR         27,940,904.93

  Gross result on sales                  EUR         29,117,418.95

  Distribution costs                     EUR         10,183,218.27

  General administration expenses        EUR          7,862,641.74

  Other operating income                 EUR            894,319.85

  Other operating expenses               EUR            349,682.43

  Operating result from continuing

  operations                             EUR         11,616,196.36

  Result from participating interests

  (+/-)                                  EUR              3,558.71

   Expenses / income from participations EUR              3,558.71

    Income from related companies        EUR              3,558.71

  Interest result (+/-)                  EUR         -1,672,309.91

   Interest and similar income           EUR            363,785.48

    thereof from related companies       EUR              1,310.96

   Interest and similar expenses         EUR          2,036,095.39

    thereof paid to related companies    EUR            197,928.93

  Other financial result                 EUR            152,852.98

   Income from securities and loans from

   financial assets                      EUR            152,852.98

  Financial result (+/-)                 EUR         -1,515,898.22

  Result from ordinary operations (+/-)  EUR         10,100,298.14

  Extraordinary expenses                 EUR            532,978.00

  Extraordinary result (+/-)             EUR           -532,978.00

  Income tax / refund of income tax (+/-)EUR         -1,504,230.00

  Other taxes / refund of taxes          EUR            -23,737.57

  Tax (+/-)                              EUR         -1,527,967.57

  Annual surplus / annual deficit        EUR          8,039,352.57

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.92

UK Pound

1

Rs.97.12

Euro

1

Rs.76.93

 

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%)

 

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