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Report No. : |
352348 |
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Report Date : |
02.12.2015 |
IDENTIFICATION DETAILS
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Name : |
LABOTECT
LABOR-TECHNIK GÖTTINGEN GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG |
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Registered Office : |
Kampweg 12, D 37124 Rosdorf, Post Box:
20 02 12, D 37087 Göttingen |
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Country : |
Germany |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
1971 |
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Com. Reg. No.: |
HRB 1394 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
· Manufacture of instruments and appliances for measuring, testing and navigation · Manufacture of technical instruments and supplies for medical purposes ·
Wholesale of medical and orthopedic
goods, dental and laboratory supplies |
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No. of Employees : |
40 |
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 : |
Slow but correct |
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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
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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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.
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Source
: CIA |
LABOTECT LABOR-TECHNIK GÖTTINGEN
GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG
Company Status: active
Kampweg 12
D 37124 Rosdorf
Post Box:
20 02 12, D 37087 Göttingen
Telephone:0551/505010
Telefax:
0551/5050111
Homepage: www.labotect.de
E-mail:
info@labotect.com
VAT
no.: DE811248545
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 1971
Begin of business
activities: 1971
Registered on: 03.02.1984
Commercial
Register: Local court 37073 Göttingen
under: HRB 1394
Share capital: EUR 100,000.00
Shareholder:
Delia Schinkel-Fleitmann
Am Steinborn 9
D 37079 Göttingen
born: 18.12.1950
Share: EUR 100,000.00
Manager:
Delia Schinkel-Fleitmann
Am Steinborn 9
D 37079 Göttingen
having sole power of
representation
born: 18.12.1950
Profession: Businessman
Marital status: married
Manager:
Dr. Friederike Fleitmann
Mühlenbergring 4
D 37120 Bovenden
having sole power of
representation
born: 20.03.1978
Further functions/participations of Delia
Schinkel-Fleitmann
(Manager)
Limited
partner:
Labotect
Grundstücksgesellschaft mbH & Co.
KG
Kampweg 12
D 37124 Rosdorf
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 100,000.00
contribution:
Share: EUR 30,000.00
Registered
on: 24.09.2007
Reg. data: 37073 Göttingen, HRA 200171
Shareholder:
Labotect Verwaltungs GmbH
Kampweg 12
D 37124 Rosdorf
Legal form: Private limited company
Share capital: EUR 100,000.00
Share: EUR 100,000.00
Registered
on: 28.05.1997
Reg. data: 37073 Göttingen, HRB 2786
Shareholder:
DSF Labcon GmbH
Kampweg 12
D 37124 Rosdorf
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 22.02.2011
Reg. data: 37073 Göttingen, HRB 201466
Shareholder:
BeLoTec GmbH
Kampweg 12
D 37124 Rosdorf
Legal form: Private
limited company
Share capital: EUR 52,000.00
Share: EUR 7,800.00
Registered
on: 16.06.1999
Reg. data: 37073 Göttingen, HRB 3042
Manager:
Labotect Verwaltungs GmbH
Kampweg 12
D 37124 Rosdorf
Legal form: Private
limited company
Share capital: EUR 100,000.00
Registered
on: 28.05.1997
Reg. data: 37073 Göttingen, HRB 2786
Manager:
BeLoTec GmbH
Kampweg 12
D 37124 Rosdorf
Legal form: Private
limited company
Share capital: EUR 52,000.00
Registered
on: 16.06.1999
Reg. data: 37073 Göttingen, HRB 3042
Manager:
DSF Labcon GmbH
Kampweg 12
D 37124 Rosdorf
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 22.02.2011
Reg. data: 37073 Göttingen, HRB 201466
Further functions/participations of Dr.
Friederike Fleitmann
(Manager)
Limited partner:
Labotect
Grundstücksgesellschaft mbH & Co.
KG
Kampweg 12
D 37124 Rosdorf
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 100,000.00
contribution:
Share: EUR 20,000.00
Registered
on: 24.09.2007
Reg. data: 37073 Göttingen, HRA 200171
Shareholder:
BeLoTec GmbH
Kampweg 12
D 37124 Rosdorf
Legal form: Private
limited company
Share capital: EUR 52,000.00
Share: EUR 3,900.00
Registered
on: 16.06.1999
Reg. data: 37073 Göttingen, HRB 3042
01.01.1984 - 31.12.1995 Labotect Labor Technik Göttingen
Gesellschaft mit
beschränkter Haftung
Industriestr. 20
D 37120 Bovenden
Private limited
company
01.01.1996 - 31.10.1997 Labotect Labor Technik Göttingen
Gesellschaft mit
beschränkter Haftung
Willi-Eichler-Str. 25
D 37079 Göttingen
Private limited
company
01.11.1997 - 26.07.2011 Labotect Labor Technik Göttingen
Gesellschaft mit
beschränkter Haftung
Willi-Eichler-Str. 25
D 37079 Göttingen
Private limited
company
Main
industrial sector
26512
Manufacture of instruments and appliances for measuring, testing and navigation
32501
Manufacutre of technical instruments and supplies for medical
purposesn.e.c.
46462
Wholesale of medical and orthopedic goods, dental and laboratory
supplies
Shareholder:
BeLoTec GmbH
Kampweg 12
D 37124 Rosdorf
Legal form: Private
limited company
Company Status: active
Share capital: EUR 52,000.00
Share: EUR 14,550.00
Reg. data: 16.06.1999
Local court
37073 Göttingen
HRB
3042
Payment experience: Slow but correct
Negative information: We have no negative
information at hand.
Balance sheet year: 2013
PMI: No significant / relevant payment
experience
information pertaining to
the company
inquired upon is shown in
the Deutscher
Debitoren Monitor
(DDMonitor).
Events Index: 1
At present, NO events are
known.
The Events Index
indicates if any particular
events have occurred,
such as e.g. a
relocation of registered
office or a change
within management. On the
basis of number,
relevance and
up-to-dateness of the events
an index value ranging
from 1 (no events) to
5 is calculated.
Companies showing a
particularly large number
of events receive
the index 6.
Type of ownership: Tenant
Address Kampweg 12
D 37124 Rosdorf
Land register documents were not available.
A bank
connection is unknown.
Ac/ts receivable: EUR 248,086.00
Liabilities: EUR 4,412,781.00
Employees:
40
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 20.54
Liquidity ratio: 0.06
Return on total capital [%]: 0.75
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 19.51
Liquidity ratio: 0.09
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 16.36
Liquidity ratio: 0.12
Return on total capital [%]: -4.75
Balance
sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 31.40
Liquidity ratio: 0.24
Return on total capital [%]: -0.26
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
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2013 - 31.12.2013
ASSETS EUR 5,355,869.68
Fixed assets
EUR 2,879,993.74
Intangible assets
EUR 4,500.00
Tangible assets EUR 2,875,493.74
Current assets
EUR 2,419,429.37
Stocks
EUR 2,156,277.86
Accounts receivable
EUR 248,086.13
Liquid means EUR 15,065.38
Remaining other assets
EUR 56,446.57
Accruals (assets)
EUR 56,446.57
LIABILITIES EUR 5,355,869.68
Shareholders'
equity EUR 653,718.26
Capital
EUR 100,000.00
Subscribed capital (share capital)
EUR 100,000.00
Reserves
EUR 130,745.51
Retained earnings / revenue reserves EUR 130,745.51
Balance sheet profit/loss (+/-)
EUR 422,972.75
Balance sheet profit / loss
EUR 422,972.75
Provisions
EUR 289,370.89
Liabilities
EUR 4,412,780.53
Type
of balance
sheet: Company balance sheet
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 5,438,265.31
Fixed assets
EUR 3,005,038.00
Intangible assets
EUR 577.00
Other / unspecified intangible assetsEUR 577.00
Tangible assets
EUR 3,004,461.00
Other / unspecified tangible assets
EUR 3,004,461.00
Current assets
EUR 2,388,299.02
Stocks EUR 1,880,722.25
Other / unspecified stocks
EUR 1,880,722.25
Accounts receivable
EUR 346,647.63
Other debtors and assets
EUR 346,647.63
Liquid means
EUR 160,929.14
Remaining other assets
EUR 44,928.29
Accruals (assets)
EUR 44,928.29
LIABILITIES EUR 5,438,265.31
Shareholders' equity
EUR 613,791.18
Capital
EUR 100,000.00
Subscribed capital (share capital)
EUR 100,000.00
Reserves
EUR 130,745.51
Retained earnings / revenue reserves EUR 130,745.51
Balance sheet profit/loss (+/-)
EUR 383,045.67
Balance sheet profit / loss
EUR 383,045.67
Provisions EUR 212,058.26
Other / unspecified provisions
EUR 212,058.26
Liabilities
EUR 4,612,415.87
Other liabilities
EUR 4,612,415.87
Unspecified
other liabilities EUR 4,612,415.87
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.52 |
|
|
1 |
Rs.100.44 |
|
Euro |
1 |
Rs.70.44 |
|
EUR |
1 |
Rs.70.70 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
KAS |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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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 |
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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.