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Report No. : |
338205 |
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Report Date : |
21.08.2015 |
IDENTIFICATION DETAILS
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Name : |
TMT - TAPPING MEASURING TECHNOLOGY GMBH |
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Registered Office : |
Hagener Str. 103 D 57072 |
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Country : |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
10.02.2003 |
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Com. Reg. No.: |
HRB 5741 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacture of other special-purpose
machinery |
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No. of Employee : |
52 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Germany |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 5.2% 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. The German economy suffers from low levels of investment, and a government plan to invest 15 billion euros 2016-18, largely in infrastructure, is intended to spur needed private investment. 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 accounted for 27.8% of gross electricity consumption in 2014, 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. Extremely low inflation, caused largely by low global energy prices and a weak euro, are expected to boost German GDP growth in 2015.
|
Source
: CIA |
TMT -
TAPPING MEASURING TECHNOLOGY GMBH
Company Status: active
Hagener Str. 103
D 57072 Siegen
Post Box:
10 13 55, D 57013 Siegen
Telephone:0271/4014-0
Telefax: 0271/4014-210
Homepage: www.tmt-eu.com
E-mail: contact@tmt.com
Abstich- und Messtechnologie
DE813696909
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 10.02.2003
Shareholders'
agreement: 10.02.2003
Registered on: 21.03.2003
Commercial Register: Local court
57072 Siegen
under: HRB 5741
EUR
1,000,000.00
Shareholder:
Dango & Dienenthal
GmbH & Co. KG
Hagener Str. 103
D 57072 Siegen
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR
618,000.00
contribution:
Share: EUR 500,000.00
Registered on: 16.07.1865
Reg. data: 57072 Siegen,
HRA 3014
Shareholder:
Societe Anonyme Paul
WURTH
32 Rue d'Alsace
L 1022I Luxemburg
Legal form: Other legal
form
Share: EUR 500,000.00
Manager:
Claude Bodeving
6, Op der Sterz
L 5823 Fentange
authorized to jointly
represent the company
born: 16.07.1959
Profession: graduate engineer
Nationality: Luxembourg
Manager:
Arno Dienenthal
D 57234 Wilnsdorf
born: 31.08.1973
Profession: graduate
engineer
Proxy:
Hannelore Braach
Lohweg 11
D 57076 Siegen
authorized to jointly
represent the company
born: 03.06.1964
Further
functions/participations of Arno Dienenthal (Manager)
Shareholder:
Dango & Dienenthal
Maschinenbau GmbH
Hagener Str. 103
D 57072 Siegen
Post Box:
10 02 03, D 57002 Siegen
Legal form: Private limited company
Share capital: EUR 1,533,875.64
Share: EUR 337,452.64
Registered
on: 14.02.1970
Reg. data: 57072 Siegen, HRB 1898
Manager:
Dango & Dienenthal
Maschinenbau GmbH
Hagener Str. 103
D 57072 Siegen
Post Box:
10 02 03, D 57002 Siegen
Legal form: Private
limited company
Share capital: EUR 1,533,875.64
Registered
on: 14.02.1970
Reg. data: 57072 Siegen, HRB 1898
Manager:
Dango & Dienenthal
Filtertechnik GmbH
Hagener Str. 103
D 57072 Siegen
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 18.07.1912
Reg. data: 57072 Siegen, HRB 1031
Manager:
Dango & Dienenthal
Umformtechnik GmbH
Hagener Str. 103
D 57072 Siegen
Legal form: Private
limited company
Share capital: EUR 400,000.00
Registered
on: 28.06.1999
Reg. data: 57072 Siegen, HRB 5127
Proxy:
Dango & Dienenthal
GmbH & Co. KG
Hagener Str. 103
D 57072 Siegen
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 618,000.00
contribution:
Registered
on: 16.07.1865
Reg. data: 57072 Siegen, HRA 3014
Main industrial sector
28990
Manufacture of other special-purpose machinery n.e.c.
Shareholder:
Kring Transfer - Wärme
-Technologie GmbH
Kalteiche-Ring 39
D 35708 Haiger
Legal form: Private
limited company
Company Status: active
Share capital: EUR 200,000.00
Share: EUR 200,000.00
Reg. data: 04.06.2014
Local court
35578 Wetzlar
HRB 6685
Shareholder:
ACTES GmbH
Industriepark Emil
Mayrisch
D 52457 Aldenhoven
Legal form: Private
limited company
Company Status: active
Share capital: EUR 50,000.00
Share: EUR 12,500.00
Reg. data: 06.11.2012
Local court
52349 Düren
HRB 6443
Shareholder:
Energie für Geisweid GmbH
Hagener Str. 103
D 57072 Siegen
Legal form: Private
limited company
Company Status: active
Share capital: EUR
25,200.00
Share: EUR 7,560.00
Reg. data: 16.01.2014
Local court
57072 Siegen
HRB 10295
Payment experience: within periods customary in this trade
Negative information:We have no negative
information at hand.
Balance sheet year: 2013
Type of ownership: Tenant
Address Hagener Str. 103
D 57072 Siegen
Real Estate of: Arno Dienenthal
Type of ownership: Tenant
Address Höhenweg 10
D 57234 Wilnsdorf
Land register documents were not available.
COMMERZBANK, 57002 SIEGEN
Sort. code: 46040033
BIC: COBADEFFXXX
DEUTSCHE BANK, 57069 SIEGEN
Sort. code: 46070090
BIC: DEUTDEDK460
VOLKSBANK SIEGERLAND, 57011 SIEGEN
Sort. code: 46060040
BIC: GENODEM1SNS
SPARKASSE SIEGEN, 57009 SIEGEN
Sort. code: 46050001
BIC:
WELADED1SIE
Turnover: 2013 EUR 44,399,448.00
2014 EUR 63,000,000.00
Profit: 2013 EUR 4,971,686.00
further business figures:
Equipment: EUR 153,870.00
Ac/ts receivable: EUR 7,762,790.00
Liabilities: EUR 5,055,408.00
Total numbers of vehicles: 2
-
Passenger cars:
2
Employees:
52
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 71.51
Liquidity ratio: 10.00
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 64.38
Liquidity ratio: 10.00
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 58.94
Liquidity ratio: 10.00
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 74.78
Liquidity ratio: 10.00
Return on total capital [%]: 20.02
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 36,076,400.00
Fixed assets
EUR 5,748,300.00
Current assets
EUR 30,328,100.00
Accounts receivable
EUR 7,802,300.00
Trade debtors
EUR 7,145,600.00
Other debtors and assets
EUR 656,700.00
Liquid means
EUR 22,525,800.00
LIABILITIES EUR 36,076,400.00
Shareholders' equity
EUR 25,798,000.00
Capital
EUR 25,798,000.00
Subscribed capital (share capital)
EUR 1,000,000.00
Other capital EUR 24,798,000.00
Provisions
EUR 5,223,000.00
Liabilities
EUR 5,055,400.00
Other liabilities
EUR 5,055,400.00
Trade creditors (for IAS incl. bills
of exchange)
EUR 4,589,500.00
Liabilities from received advance
payments
EUR 372,600.00
Unspecified other liabilities
EUR 93,300.00
Type of
balance
sheet: Company balance sheet
Financial
year: 01.01.2012 - 31.12.2012
ASSETS EUR 37,006,800.00
Fixed assets
EUR 4,523,000.00
Current assets
EUR 32,483,700.00
Accounts receivable
EUR 10,468,000.00
Trade debtors
EUR 7,174,800.00
Other debtors and assets
EUR 3,293,200.00
Liquid means
EUR 22,015,700.00
Difference assets / liabilities
EUR 100.00
LIABILITIES EUR 37,006,800.00
Shareholders' equity
EUR 23,826,300.00
Capital
EUR 1,000,000.00
Subscribed capital (share capital)
EUR 1,000,000.00
Reserves
EUR 22,826,300.00
Provisions EUR 4,165,200.00
Liabilities
EUR 9,015,300.00
Other liabilities
EUR 9,015,300.00
Trade creditors (for IAS incl. bills
of exchange)
EUR 7,002,000.00
Liabilities from received advance
payments
EUR 1,892,100.00
Unspecified other liabilities
EUR 121,200.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.23 |
|
|
1 |
Rs.102.21 |
|
Euro |
1 |
Rs.72.57 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
ANK |
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.