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Report Date : |
25.09.2014 |
IDENTIFICATION DETAILS
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Name : |
PRECISE
TECHNOLOGIES GMBH |
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Registered Office : |
Hans-Böckler-Str.
17 D 40764 Langenfeld |
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Country : |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
27.04.2009 |
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Legal Form : |
Private
limited company |
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Line of Business : |
·
Activities
of holding companies ·
Activities
of head offices |
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No. of Employees : |
38 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
No complaints |
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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 |
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High |
B2 |
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Very High |
C1 |
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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 |
PRECISE TECHNOLOGIES GMBH
Company Status: active
Hans-Böckler-Str. 17
D
40764 Langenfeld
Telephone:02173/20535-0
Telefax: 02173/20535-99
Homepage: www.fischerprecise.com
E-mail:
info@precise-technologies.de
VAT no.: DE815089859
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 27.04.2009
Shareholders'
agreement: 27.04.2009
Registered on: 22.06.2010
Commercial Register: Local court 40227 Düsseldorf
under: HRB
63604
Share capital: EUR 25,000.00
Shareholder:
Fischer Precise Group AG
Birkenweg 2
CH 3360 Herzogenbuchsee
Legal form: Other legal
form
Share: EUR 25,000.00
Manager:
Daniel Schmid - Kaufmann
-
CH Seedorf
having sole power of
representation
born: 27.08.1962
Nationality: Swiss
Manager:
Oliver Alexander Köhler
D 40210 Düsseldorf
having sole power of
representation
born: 24.12.1979
Proxy:
Heinrich Schulze-Lünern
D 42103 Wuppertal
authorized to jointly
represent the company
born: 22.02.1953
Profession: Businessman
Proxy:
Jörn Sieberg
Am Brunnenhof 58
D 58332 Schwelm
authorized to jointly
represent the company
born: 06.07.1969
Further functions/participations of Daniel
Schmid - Kaufmann -
(Manager)
Manager:
Fischer Fortuna GmbH
Gaußstr. 2
D 70771
Leinfelden-Echterdingen
Legal form: Private
limited company
Share capital: EUR 50,000.00
Registered
on: 12.07.2005
Reg. data: 70190 Stuttgart, HRB 226041
27.04.2009 - 31.03.2010 precise technologies GmbH
Am Wallgraben 2
D 42799 Leichlingen
Private limited
company
31.03.2010 - 05.07.2012 precise technologies GmbH
Hans-Böckler-Str. 17
D 40764 Langenfeld
Private limited
company
12.05.2010 - 25.06.2013 Manager
Martin Hürlimann
CH Oberdorf
Main industrial sector
64200
Activities of holding companies
70109 Other activities of head offices
96090 Other service activities n. e. c.
Payment
experience: within agreed terms
Negative information:We have no negative
information at hand.
BALANCE SHEET YEAR: 2012
Type of ownership: Tenant
Address Hans-Böckler-Str.
17
D 40764 Langenfeld
Land register documents were not available.
STADT-SPARKASSE LANGENFELD, 40740 LANGENFELD
(RHEINLAND)
Sort. code: 37551780
BIC: WELADED1LAF
Turnover: 2013 *EUR 5,130,000.00
Profit: 2012 EUR -224,558.00
further business figures:
Equipment: EUR 289,125.00
Ac/ts receivable: EUR 693,277.00
Liabilities: EUR 2,087,662.00
Employees:
38
The business figures marked with an asterisk
are estimates based
on average values in the line of business.
Balance sheet ratios
01.01.2012 - 31.12.2012
Equity ratio [%]: 78.50
Liquidity ratio: 2.89
Return on total capital
[%]: -8.95
Balance sheet ratios
01.01.2011 - 31.12.2011
Equity ratio [%]: 76.00
Liquidity ratio: 1.14
Return on total capital
[%]: -7.49
Balance sheet ratios
01.01.2010 - 31.12.2010
Equity ratio [%]: 50.05
Liquidity ratio: 0.65
Return on total capital
[%]: -19.93
Balance sheet ratios
28.04.2009 - 31.12.2009
Equity ratio [%]: -1.52
Liquidity ratio: 0.69
Return on total capital
[%]: -66.29
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: 01.01.2012 - 31.12.2012
ASSETS EUR 2,536,912.80
Fixed assets EUR 345,917.00
Intangible assets EUR 56,792.00
Other / unspecified
intangible assetsEUR
56,792.00
Tangible assets EUR 289,125.00
Other / unspecified
tangible assets EUR 289,125.00
Current assets EUR 2,181,928.38
Stocks EUR 1,353,350.09
Accounts receivable EUR 693,276.88
Other debtors and
assets EUR 693,276.88
Liquid means EUR 135,301.41
Remaining other
assets EUR 9,067.42
Accruals (assets) EUR 9,067.42
LIABILITIES EUR 2,536,912.80
Shareholders' equity EUR 285,234.89
Capital EUR 25,000.00
Subscribed capital
(share capital) EUR 25,000.00
Reserves EUR 1,500,000.00
Capital reserves EUR 1,500,000.00
Balance sheet profit/loss
(+/-) EUR -1,239,765.11
Profit / loss brought
forward EUR -1,015,206.83
Annual surplus / annual
deficit EUR -224,558.28
Provisions EUR 164,016.00
Liabilities EUR 2,087,661.91
thereof total due to
shareholders EUR 1,712,310.57
Other liabilities EUR 2,087,661.91
Unspecified other liabilities EUR 2,087,661.91
TYPE OF BALANCE SHEET: COMPANY BALANCE SHEET
FINANCIAL YEAR: 01.01.2011 - 31.12.2011
ASSETS EUR 3,292,831.30
Fixed assets EUR 376,917.00
Intangible assets EUR 87,496.00
Other / unspecified
intangible assetsEUR
87,496.00
Tangible assets EUR 289,421.00
Other / unspecified
tangible assets EUR 289,421.00
Current assets EUR 1,919,757.47
Stocks EUR 1,486,499.00
Accounts receivable EUR 373,105.47
Other debtors and
assets EUR 373,105.47
Liquid means EUR 60,153.00
Remaining other
assets EUR 996,156.83
Accruals (assets) EUR 5,950.00
Deficit not covered by
shareholders'
equity EUR 990,206.83
LIABILITIES EUR 3,292,831.30
Shareholders' equity EUR 0.00
Capital EUR 25,000.00
Subscribed capital
(share capital) EUR 25,000.00
Balance sheet profit/loss
(+/-) EUR -1,015,206.83
Profit / loss brought
forward EUR -845,931.58
Annual surplus / annual
deficit EUR -169,275.25
Other shareholders'
equity (+/-) EUR 990,206.83
Deficit not covered by
shareholders'
equity EUR 990,206.83
Provisions EUR 154,416.00
Liabilities EUR 3,138,415.30
thereof total due to
shareholders EUR 2,750,798.22
Other liabilities EUR 3,138,415.30
Unspecified other liabilities EUR 3,138,415.30
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.02 |
|
|
1 |
Rs.99.99 |
|
Euro |
1 |
Rs.78.37 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
NIS |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to
overcome financial difficulties seems comparatively below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
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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.