|
Report No. : |
317959 |
|
Report Date : |
21.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
FOXBORO ECKARDT GMBH |
|
|
|
|
Registered Office : |
Pragstr. 82, D 70376 Stuttgart, Post
Box: 50 03 47, D 70333 Stuttgart |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.03.2014 |
|
|
|
|
Year of Establishment : |
1873 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
·
Manufacture of instruments and
appliances for measuring, testing and navigation ·
Wholesale of other equipment and
accessories for machinery and
technical supplies |
|
|
|
|
No. of Employee : |
87 |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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, 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 2014. The new German government introduced a minimum wage of about $11.60 (8.50 euros) 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%. The budget was essentially in balance in 2014. 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 plans to replace nuclear power with renewable energy, which accounts for 34% of total energy consumption, up from 9% in 2000. 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 |
FOXBORO ECKARDT GMBH
Company Status: active
Pragstr. 82
D 70376 Stuttgart
Post Box:
50 03 47, D 70333
Stuttgart
Telephone:0711/502-0
Telefax: 0711/502-597
Homepage:
www.foxboro-eckardt.de
E-mail: salessupport@foxboro-eckardt.de
VAT
no.: DE147843670
Tax
ID number: 99063/08065
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 1873
Registered on: 13.05.1996
Commercial Register: Local court 70190
Stuttgart
under: HRB 17802
EUR
17,900,000.00
Schneider Electric
Holding Germany GmbH
Torgauer Str. 12-15/EUREF
Campus 12-13
D 10829 Berlin
Legal form: Private
limited company
Share capital: EUR
7,976,500.00
Share: EUR 17,900,000.00
Registered on: 19.01.2015
Reg. data: 14057 Berlin,
HRB 164177 B
Dirk Bussing
D 46483 Wesel
having sole power of
representation
born: 08.05.1968
Manager:
Rada Ioana Rodriguez
Silva
S Nyköping
having sole power of
representation
born: 13.04.1959
Nationality: Swedish
Manager:
Barthold Frederik Harmen
Veenendaal
F Paris
having sole power of representation
born: 03.10.1958
Nationality: French
Hans-Otto Lang
Im Köpfen 15
D 73732 Esslingen
authorized to jointly
represent the company
born: 03.05.1949
Further functions/participations of Dirk
Bussing (Manager)
Manager:
Invensys Systems GmbH
Hermann-Klammt-Str. 1-3
D 41460 Neuss
Legal form: Private
limited company
Share capital: EUR 54,054.00
Registered
on: 24.08.2010
Reg. data: 41460 Neuss, HRB 15760
Manager:
M&C Energy GmbH
Martinstr. 42-44
D 73728 Esslingen
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 17.06.2004
Reg. data: 70190 Stuttgart, HRB 214587
Manager:
ETT
Rationalisierungsgesellschaft für
Energie und Umwelt, Tarif
und Technik mbH
Martinstr. 42-44
D 73728 Esslingen
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 27.01.2015
Reg. data: 70190 Stuttgart, HRB 751571
Manager:
EBERLE Controls
Gesellschaft mit
beschränkter Haftung
Klingenhofstr. 71
D 90411 Nürnberg
Legal form: Private
limited company
Share capital: EUR 2,601,000.00
Registered
on: 20.12.1993
Reg. data: 90402 Nürnberg, HRB 12167
Manager:
M&C Energy Group
Holdings GmbH
Martinstr. 42-44
D 73728 Esslingen
Legal form: Private limited
company
Share capital: EUR 25,000.00
Registered
on: 27.05.2010
Reg. data: 70190 Stuttgart, HRB 733870
Proxy:
Merten Holding GmbH
Fritz-Kotz-Str. 8
D 51674 Wiehl
Legal form: Private
limited company
Share capital: EUR 100,000.00
Registered
on: 13.12.2006
Reg. data: 50939 Köln, HRB 59269
Proxy:
Merten GmbH
Fritz-Kotz-Str. 8
D 51674 Wiehl
Post Box:
100653, D 51606
Gummersbach
Legal form: Private
limited company
Share capital: EUR 2,050,100.00
Registered
on: 04.09.2008
Reg. data: 50939 Köln, HRB 63919
Proxy:
ELSO GmbH
Frankenhäuser Str. 64
D 99706 Sondershausen
Post Box:
32, D 99701 Sondershausen
Legal form: Private limited
company
Share capital: EUR 1,533,875.64
Registered
on: 11.10.1993
Reg. data: 07745 Jena, HRB 403056
Proxy:
Schneider Electric
Holding Germany GmbH
Torgauer Str. 12-15/EUREF
Campus 12-13
D 10829 Berlin
Legal form: Private
limited company
Share
capital: EUR 7,976,500.00
Registered
on: 19.01.2015
Reg. data: 14057 Berlin, HRB 164177 B
Proxy:
Schneider Electric GmbH
Gothaer Str. 29
D 40880 Ratingen
Legal form: Private
limited company
Share capital: EUR 6,800,000.00
Registered
on: 15.04.2003
Reg. data: 40227 Düsseldorf, HRB 47852
Proxy:
Schneider Electric Real
Estate GmbH
Gothaer Str. 29
D 40880 Ratingen
Legal form: Private
limited company
Share capital: EUR 100,000.00
Registered
on: 03.02.2011
Reg. data: 40227 Düsseldorf, HRB 64995
Proxy:
Berger Lahr Positec GmbH
Gothaer Str. 29
D 40880 Ratingen
Legal form: Private
limited company
Share capital: EUR 100,000.00
Registered
on: 01.12.2008
Reg. data: 40227 Düsseldorf, HRB 59945
Further functions/participations of Rada Ioana
Rodriguez Silva
(Manager)
Manager:
Merten Holding GmbH
Fritz-Kotz-Str. 8
D 51674 Wiehl
Legal form: Private
limited company
Share capital: EUR 100,000.00
Registered
on: 13.12.2006
Reg. data: 50939 Köln, HRB 59269
Manager:
Merten GmbH
Fritz-Kotz-Str. 8
D 51674 Wiehl
Post Box:
100653, D 51606
Gummersbach
Legal form: Private
limited company
Share capital: EUR 2,050,100.00
Registered
on: 04.09.2008
Reg. data: 50939 Köln, HRB 63919
Manager:
Berger Lahr Positec GmbH
Gothaer Str. 29
D 40880 Ratingen
Legal form: Private
limited company
Share capital: EUR 100,000.00
Registered
on: 01.12.2008
Reg. data: 40227 Düsseldorf, HRB 59945
Manager:
ELSO GmbH
Frankenhäuser Str. 64
D 99706 Sondershausen
Post Box:
32, D 99701 Sondershausen
Legal form: Private
limited company
Share capital: EUR 1,533,875.64
Registered
on: 11.10.1993
Reg. data: 07745 Jena, HRB 403056
Manager:
EBERLE Controls
Gesellschaft mit
beschränkter Haftung
Klingenhofstr. 71
D 90411 Nürnberg
Legal form: Private
limited company
Share capital: EUR 2,601,000.00
Registered
on: 20.12.1993
Reg. data: 90402 Nürnberg, HRB 12167
Manager:
Schneider Electric
Holding Germany GmbH
Torgauer Str. 12-15/EUREF
Campus 12-13
D 10829 Berlin
Legal form: Private
limited company
Share capital: EUR 7,976,500.00
Registered
on: 19.01.2015
Reg. data: 14057 Berlin, HRB 164177 B
Manager:
Schneider Electric GmbH
Gothaer Str. 29
D 40880 Ratingen
Legal form: Private
limited company
Share capital: EUR
6,800,000.00
Registered
on: 15.04.2003
Reg. data: 40227 Düsseldorf, HRB 47852
Manager:
Schneider Electric Real
Estate GmbH
Gothaer Str. 29
D 40880 Ratingen
Legal form: Private
limited company
Share capital: EUR 100,000.00
Registered
on: 03.02.2011
Reg. data: 40227 Düsseldorf, HRB 64995
Manager:
Invensys Systems GmbH
Hermann-Klammt-Str. 1-3
D 41460 Neuss
Legal form: Private
limited company
Share capital: EUR 54,054.00
Registered
on: 24.08.2010
Reg. data: 41460 Neuss, HRB 15760
03.10.1923 - 12.05.1996 ECKARDT Aktiengesellschaft
Pragstr. 82
D 70376 Stuttgart
Public limited
company
13.05.1996 - 04.09.1996 Eckhardt GmbH
Pragstr. 82
D 70376 Stuttgart
Private limited
company
20.06.2012 - 10.11.2014 Manager
Dr. Roger Ingemey
D 47475 Kamp-Lintfort
31.03.1999
- 08.04.2014 Manager
Karl-Heinz-Ludwig
Neher
D 65549 Limburg
Main industrial sector
26512
Manufacture of instruments and appliances for measuring,
testing and navigation
46693
Wholesale of other equipment and accessories for
machinery and technical supplies
Branch:
Foxboro Eckardt GmbH
Winterhuder Weg 31
D 22085 Hamburg
TEL.: 040/2272560
Branch:
Foxboro Eckardt GmbH
Feldbergstr. 17 a
D 61440 Oberursel
TEL.: 06171-3033
Branch:
Foxboro Eckardt GmbH
Vohwinkeler Str. 58
D 42329 Wuppertal
Branch:
Foxboro Eckardt GmbH
Waldring 43
D 44789 Bochum
TEL.: 0234/307020
Branch:
Foxboro Eckardt GmbH
Heerdter Lohweg 53-55
D 40549 Düsseldorf
TEL.: 0211/5966-0
FAX.: 0211/5966-167
Branch:
Foxboro Eckardt GmbH
Alteburger Wall 201
D 50678 Köln
Shareholder:
PAE Process Automation
Engineering GmbH
Winterhuder Weg 29
D 22085 Hamburg
Legal form: Private
limited company
Company Status: active
Share: EUR 51,129.19
Shareholder:
Eckardt Process
Instrumentation GmbH
Diedesfelder Weg 77
D 67067 Ludwigshafen
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,564.59
Share: EUR 25,564.59
Reg. data: 23.12.1982
Local court
70190 Stuttgart
HRB 10303
Payment experience: within periods customary in this trade
Negative information:We have no negative
information at hand.
Balance sheet year: 2013/2014
Type of ownership: proprietor
Share: 100.00 %
Address Pragstr. 82
D 70376 Stuttgart
Land register documents were not available.
DEUTSCHE BANK, 70049 STUTTGART
Sort. code: 60070070, Account no.: 162384200
BIC: DEUTDESSXXX, IBAN: DE12600700700162384200
Gross profit or loss:2012/2013 EUR 8,568,028.00
2013/2014 EUR 8,799,812.00
Profit: 2012/2013 EUR -2,672,000.00
2013/2014 EUR -2,162,444.00
further business figures:
Equipment: EUR 328,790.00
Ac/ts receivable: EUR 36,287,663.00
Liabilities: EUR 2,395,659.00
Employees: 87
Balance
sheet ratios 01.04.2013 - 31.03.2014
Equity ratio [%]: -111.02
Liquidity ratio: 2.59
Return on total capital [%]: -19.71
Balance
sheet ratios 01.04.2012 - 31.03.2013
Equity ratio [%]: -133.08
Liquidity ratio: 3.01
Return on total capital [%]: -11.07
Balance sheet ratios 01.04.2011 - 31.03.2012
Equity ratio [%]: -116.00
Liquidity ratio: 3.00
Return on total capital [%]: -7.13
Balance sheet ratios 01.04.2010 - 31.03.2011
Equity ratio [%]: -102.25
Liquidity ratio: 3.46
Return on total capital [%]: -5.24
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: 01.04.2013 - 31.03.2014
ASSETS EUR 41,045,545.28
Fixed assets
EUR 2,382,891.99
Intangible assets
EUR 27,267.87
Concessions, licences, rights
EUR 27,267.87
Tangible assets
EUR 2,355,624.12
Land / similar rights
EUR 1,646,576.20
Plant / machinery
EUR 380,257.69
Other tangible assets / fixtures and
fittings
EUR 328,790.23
Current assets
EUR 38,592,278.95
Stocks
EUR 2,303,602.33
Raw
materials, consumables and
supplies
EUR 1,027,416.38
Finished goods / work in progress
EUR 1,266,451.75
Advance payments made
EUR 9,734.20
Accounts receivable EUR 36,287,663.15
Trade debtors
EUR 1,232,932.32
Amounts due from related companies
EUR 35,044,036.50
Other debtors and assets
EUR 10,694.33
Liquid means
EUR 1,013.47
Remaining other assets
EUR 70,374.34
Accruals (assets)
EUR 70,374.34
LIABILITIES EUR 41,045,545.28
Shareholders' equity
EUR 17,900,000.00
Capital
EUR 17,900,000.00
Subscribed capital (share capital)
EUR 17,900,000.00
Provisions
EUR 20,749,886.23
Pension provisions and comparable
provisions
EUR 19,866,917.52
Other / unspecified provisions
EUR 882,968.71
Liabilities
EUR 2,395,659.05
Other
liabilities EUR 2,395,659.05
Trade creditors (for IAS incl. bills
of exchange)
EUR 922,923.43
Liabilities from received advance
payments
EUR 70,101.55
Liabililties due to related companiesEUR 352,468.51
Unspecified other liabilities
EUR 1,050,165.56
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-) EUR 8,799,811.85
Staff expenses
EUR 7,324,964.71
Wages and salaries
EUR 5,982,526.60
Social security contributions and
expenses for pension plans and
benefits
EUR 1,342,438.11
Total depreciation
EUR 208,298.10
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 208,298.10
Other operating expenses
EUR 2,353,706.99
Operating result from continuing
operations
EUR -1,087,157.95
Interest result (+/-)
EUR -1,013,468.44
Interest
and similar income EUR 60,477.32
thereof from related companies
EUR 33,329.99
Interest and similar expenses
EUR 1,073,945.76
Financial result (+/-)
EUR -1,013,468.44
Result from ordinary operations (+/-)
EUR -2,100,626.39
Income from assumption of loss by
parent company
EUR 2,162,443.83
Other taxes / refund of taxes
EUR -61,817.44
Tax
(+/-)
EUR -61,817.44
Annual surplus / annual deficit
EUR 0.00
Type
of balance
sheet: Company balance sheet
Financial year: 01.04.2012 - 31.03.2013
ASSETS EUR 40,672,063.14
Fixed assets
EUR 2,338,121.60
Intangible assets
EUR 35,041.67
Concessions, licences, rights
EUR 35,041.67
Tangible assets
EUR 2,303,078.93
Land / similar rights
EUR 1,748,746.39
Plant / machinery
EUR 316,044.40
Other tangible assets / fixtures and
fittings EUR 238,288.14
Financial assets
EUR 1.00
Shares in participations /
subsidiaries and the like
EUR 1.00
Shares in investee companies
EUR 1.00
Current assets
EUR 38,269,092.39
Stocks
EUR 2,119,330.90
Raw materials, consumables and
supplies
EUR 908,576.93
Finished goods / work in progress EUR
1,199,174.97
Advance payments made
EUR 11,579.00
Accounts receivable
EUR 36,149,259.34
Trade debtors
EUR 1,278,362.58
Amounts due from related companies
EUR 34,755,602.53
Other debtors and assets
EUR 115,294.23
Liquid means
EUR 502.15
Remaining other assets
EUR 64,849.15
Accruals (assets)
EUR 64,849.15
LIABILITIES EUR 40,672,063.14
Shareholders' equity
EUR 17,900,000.00
Capital EUR 17,900,000.00
Subscribed capital (share capital)
EUR 17,900,000.00
Provisions
EUR 21,026,619.75
Pension provisions and comparable
provisions
EUR 20,199,569.00
Other / unspecified provisions
EUR 827,050.75
Liabilities
EUR 1,745,443.39
Other liabilities
EUR 1,745,443.39
Trade creditors (for IAS incl. bills
of exchange)
EUR 235,927.33
Liabilities from received advance
payments
EUR 201,626.88
Liabililties due to related companiesEUR 347,875.06
Unspecified other liabilities
EUR 960,014.12
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 8,568,027.63
Staff expenses
EUR 6,101,978.83
Wages and salaries
EUR 5,168,755.82
Social security contributions and
expenses for pension plans and
benefits
EUR 933,223.01
Total depreciation
EUR 179,037.49
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 179,037.49
Other operating expenses
EUR 2,217,115.79
Operating
result from continuing
operations
EUR 69,895.52
Interest result (+/-)
EUR -1,057,600.38
Interest and similar income
EUR 61,407.62
thereof from related companies
EUR 39,844.99
Interest and similar expenses
EUR 1,119,008.00
thereof paid to related companies
EUR 0.00
Other financial result
EUR -24,285.36
Depreciation on financial assets and
marketable securities
EUR 24,285.36
Financial result (+/-)
EUR -1,081,885.74
Result from ordinary operations (+/-)
EUR -1,011,990.22
Extraordinary expenses EUR 1,590,453.00
Extraordinary result (+/-)
EUR -1,590,453.00
Income from assumption of loss by
parent company
EUR 2,671,580.84
Other taxes / refund of taxes
EUR -69,137.62
Tax
(+/-)
EUR -69,137.62
Annual surplus / annual deficit
EUR 0.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.56 |
|
|
1 |
Rs.93.56 |
|
Euro |
1 |
Rs.67.49 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
ASH |
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.