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Report Date : |
26.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
MTSS - MEDICINA TECHNICA -SUPPLY AND SERVICES
GMBH |
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Registered Office : |
Pariser
Str. 42, D 10707 |
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Country : |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
23.09.2010 |
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Com. Reg. No.: |
HRB 130001 B |
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Legal Form : |
Private limited company |
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Line of Business : |
·
Wholesale of
medical and orthopedic goods, dental and laboratory supplies ·
Professional
education for adults |
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No. of Employees : |
Not Available |
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 |
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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 |
|
High |
B2 |
|
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 |
MTSS - Medicina Technica -Supply and
Services GmbH
Pariser
Str. 42
D 10707
Berlin
Telephone: 030/32679715
Telefax: 030/32679717
Business
relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 23.09.2010
Shareholders' agreement: 23.09.2010
Registered on: 29.10.2010
Commercial Register: Local court 14057 Berlin
under: HRB
130001 B
Share capital: EUR 25,000.00
Franz Josef Schmitt
Byronweg 3
D 14055 Berlin
born: 07.03.1952
Share: EUR 25,000.00
Franz Josef Schmitt
Byronweg 3
D 14055 Berlin
having sole power of
representation
born: 07.03.1952
Further
functions/participations of Franz Josef Schmitt (Manager)
Shareholder:
Bela Trade
HandelsgesellschaftmbH
Byronweg 3
D 14055 Berlin
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 11,250.00
Registered
on: 01.03.2005
Reg. data: 14057 Berlin, HRB 96071 B
Manager:
Bela Trade
HandelsgesellschaftmbH
Byronweg 3
D 14055 Berlin
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 01.03.2005
Reg. data: 14057 Berlin, HRB 96071 B
29.10.2010 - 29.01.2013 MTSS - Medicina Technica -Supply and
Services GmbH
Byronweg 3
D 14055 Berlin
Private limited
company
29.01.2013 - 05.02.2014 MTSS - Medicina Technica -Supply and
Services GmbH
Akazienallee 48
D 14050 Berlin
Private limited
company
Sectors
46462
Wholesale of medical and orthopedic goods, dental and laboratory
supplies
85592
Professional education for adults
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2013
Type of ownership: Tenant
Address Pariser Str. 42
D 10707 Berlin
Land register documents were not available.
A bank connection is unknown.
Liabilities: EUR 77,123.00
The number of employees is not known.
Balance sheet ratios 01.01.2013 -
31.12.2013(1)
Equity ratio [%]: 62.82
Liquidity ratio: 3.11
Return on total capital [%]: 26.55
Balance sheet ratios 01.01.2012 -
31.12.2012(1)
Equity ratio [%]: 62.99
Liquidity ratio: 3.86
Return on total capital [%]: 41.15
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 27.41
Liquidity ratio: 1.38
Return on total capital [%]: 37.28
Balance sheet ratios 01.10.2010 - 31.12.2010
Equity ratio [%]: 25.55
Liquidity ratio: 2.25
(1) The depth of balance sheet suggests that
the company, as a
so-called micro-entity in accordance with art.
267a German
Commercial Code, has availed itself of the
facilitations of the
German Micro-Entities Amending Account Law
(MicBilG) This is why
it is possible that the resultant reduction of
the depth of
presentation in the annual accounts may entail
deviating
calculation methods of the respective balance
sheet ratios and
thus to an altered Solvency Rating [NG] and/or
balance sheet
grade.
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: micro balance sheet
Financial
year: 01.01.2013 - 31.12.2013 (2)
ASSETS EUR 343,170.05
Fixed assets
EUR 12,537.00
Current assets
EUR 325,913.38
Remaining other assets
EUR 4,719.67
Accruals (assets)
EUR 4,719.67
LIABILITIES EUR 343,170.05
Shareholders' equity
EUR 247,486.30
Provisions
EUR 18,560.80
Liabilities
EUR 77,122.95
Type of balance
sheet: micro balance sheet
Financial year: 01.01.2012 - 31.12.2012 (2)
ASSETS EUR 254,408.05
Fixed assets
EUR 3,689.00
Current assets
EUR 242,366.58
Remaining other assets
EUR 8,352.47
Accruals (assets)
EUR 8,352.47
LIABILITIES EUR 254,408.05
Shareholders' equity
EUR 179,165.92
Provisions
EUR 25,749.31
Liabilities
EUR 49,492.82
(2)
The abbreviated depth of presentation of the annual accounts
may
be atributed to application of regulations within the German
Micro-Entities Amending Accounting Law.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.02 |
|
|
1 |
Rs.99.42 |
|
Euro |
1 |
Rs.77.84 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
PDT |
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 |
|
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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 |
|
|
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.