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Report No. : |
353629 |
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Report Date : |
09.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
PHYTEC MESSTECHNIK GMBH |
|
|
|
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Registered Office : |
Robert-Koch-Str. 39, D 55129 Mainz |
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Country : |
Germany |
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|
|
|
Financials (as on) : |
31.12.2013 |
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|
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Date of Incorporation : |
1985 |
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|
|
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Com. Reg. No.: |
HRB 4656 |
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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 · Agents involved in the sale of fine mechanical, photo and optical products |
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|
No. of Employees : |
165 |
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 |
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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
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
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, 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 |
PHYTEC
MESSTECHNIK GMBH
Company Status: active
Robert-Koch-Str. 39
D 55129 Mainz
Telephone:06131/92210
Telefax:
06131/922133
Homepage: www.phytec.de
E-mail:
info@phytec.de
VAT
no.: DE149059855
Tax
ID number: 26/665/0133/1
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 1985
Shareholders'
agreement: 30.09.1991
Registered on: 18.10.1991
Commercial Register: Local court 55116 Mainz
under: HRB 4656
Share capital: EUR 25,564.60
Shareholder:
PHYTEC Technologie
Holding
Aktiengesellschaft
Robert-Koch-Str. 39
D 55129 Mainz
Legal form: Public limited
company
Share capital: EUR 54,000.00
Share: EUR 18,917.80
Registered on: 10.03.1998
Reg. data: 55116 Mainz,
HRB 6459
Shareholder:
Vera Neubecker
Donnersbergstr. 32
D 55129 Mainz
born: 29.10.1948
née: Vogt
Share: EUR 6,237.76
Shareholder:
Susanne Waidner
Donnersbergstr. 32
D 55129 Mainz
born: 30.09.1975
née: geb.Neubecker
Share: EUR 102.26
Shareholder:
Florian Neubecker
Donnersbergstr. 32
D 55129 Mainz
born: 14.03.1978
Share: EUR 102.26
Shareholder:
Daniel Neubecker
Donnersbergstr. 32
D 55129 Mainz
born: 13.02.1981
Share: EUR 102.26
Shareholder:
Julia Philipp
Donnersbergstr. 32
D 55129 Mainz
born: 26.01.1984
née: geb. Neubecker
Share: EUR 102.26
Manager:
Michael Mitezki
Geraer Str. 4
D 55129 Mainz
having sole power of
representation
born: 25.12.1965
Profession: graduate
engineer
Marital status: unknown
Further functions/participations of Michael
Mitezki (Manager)
Manager:
PHYTEC Elektronik GmbH
Robert-Koch-Str. 39
D 55129 Mainz
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 12.11.2007
Reg. data: 55116 Mainz, HRB 41173
Member of the Board of Directors:
PHYTEC Technologie
Holding
Aktiengesellschaft
Robert-Koch-Str. 39
D 55129 Mainz
Legal form: Public
limited company
Share capital: EUR 54,000.00
Registered
on: 10.03.1998
Reg. data: 55116 Mainz, HRB 6459
1985 -
17.10.1991 Phytec
Philipp-Reis-Str. 3
D 55129 Mainz
Sole proprietorship
18.10.1991 - 26.05.1994 Phytec Meßtechnik GmbH
Philipp-Reis-Str. 3
D 55129 Mainz
Private limited
company
Main industrial sector
26511
Manufacture of instruments and appliances for measuring, testing and
navigation
46181
Agents involved in the sale of fine mechanical, photo and optical
products
Payment experience: cash discount/within agreed terms
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).
Type of ownership: Tenant
Address Robert-Koch-Str. 39
D 55129 Mainz
Land register documents were not available.
Principal bank
DEUTSCHE BANK, 55020 MAINZ A RHEIN
Sort. code: 55070040
BIC: DEUTDE5MXXX
Further banks
COMMERZBANK,
55002 MAINZ A RHEIN
Sort. code: 55040022
BIC: COBADEFFXXX
SPARKASSE MAINZ, 55028 MAINZ A RHEIN
Sort. code: 55050120
BIC: MALADE51MNZ
POSTBANK, 67057 LUDWIGSHAFEN AM RHEIN
Sort. code: 54510067
BIC: PBNKDEFFXXX
Gross profit or loss:2013
EUR 10,607,085.00
Profit: 2013 EUR 851,536.00
Equipment: EUR 331,497.00
Ac/ts receivable: EUR 2,841,700.00
Liabilities: EUR 913,890.00
Total numbers of vehicles: 4
-
Passenger cars:
4
Employees: 165
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 65.03
Liquidity ratio: 10.00
Return on total capital [%]: 9.44
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 61.10
Liquidity ratio: 2.86
Return on total capital [%]: 6.76
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 54.11
Liquidity ratio: 10.00
Return
on total capital [%]: 14.14
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 54.30
Liquidity ratio: 2.83
Return on total capital [%]: 15.09
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 8,253,038.78
Fixed assets
EUR 1,001,556.30
Intangible assets
EUR 31,445.00
Other
/ unspecified intangible assetsEUR
31,445.00
Tangible assets
EUR 945,518.00
Plant / machinery
EUR 614,021.00
Other tangible assets / fixtures and
fittings EUR 331,497.00
Financial assets
EUR 24,593.30
Other / unspecified financial assets EUR 24,593.30
Current assets
EUR 7,102,526.10
Stocks
EUR 2,846,668.12
Accounts receivable
EUR 2,841,699.82
Amounts due from related companies
EUR 860,745.61
Other debtors and assets
EUR 1,980,954.21
Liquid means
EUR 1,414,158.16
Remaining other assets
EUR 148,956.38
Accruals (assets)
EUR 148,956.38
LIABILITIES EUR 8,253,038.78
Shareholders' equity
EUR 5,598,894.69
Capital
EUR 25,564.59
Subscribed capital (share capital)
EUR 25,564.59
Reserves EUR 1,050,000.00
Capital reserves
EUR 1,050,000.00
Balance sheet profit/loss (+/-)
EUR 4,523,330.10
Balance sheet profit / loss
EUR 4,523,330.10
Provisions EUR 1,740,254.36
Liabilities
EUR 913,889.73
Financial debts
EUR 250,649.83
Liabilities due to banks
EUR 250,649.83
Other
liabilities EUR 663,239.90
Liabililties due to related companiesEUR 23,864.85
Unspecified other liabilities
EUR 639,375.05
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 10,607,085.36
Staff expenses
EUR 6,826,811.72
Wages and salaries
EUR 5,919,403.20
Social security contributions and
expenses for pension plans and
benefits
EUR 907,408.52
Total depreciation
EUR 401,021.71
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 401,021.71
Other operating expenses
EUR 2,338,043.10
Operating result from continuing
operations
EUR 1,041,208.83
Interest result (+/-) EUR 21,787.48
Interest and similar income
EUR 47,906.43
Interest and similar expenses
EUR 26,118.95
Financial result (+/-)
EUR 21,787.48
Result from ordinary operations (+/-)
EUR 1,062,996.31
Extraordinary income
EUR 135,998.43
Extraordinary result (+/-)
EUR 135,998.43
Income tax / refund of income tax (+/-)EUR -347,458.80
Tax (+/-) EUR -347,458.80
Annual surplus / annual deficit
EUR 851,535.94
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 7,932,725.73
Fixed assets
EUR 1,096,629.58
Intangible assets
EUR 43,185.00
Other / unspecified intangible assetsEUR 43,185.00
Tangible assets
EUR 1,028,865.00
Plant / machinery
EUR 662,144.00
Other tangible assets / fixtures and
fittings EUR 366,721.00
Financial assets
EUR 24,579.58
Other / unspecified financial assets EUR 24,579.58
Current assets
EUR 6,771,021.42
Stocks
EUR 3,217,471.82
Accounts receivable
EUR 3,207,273.80
Amounts due from related companies
EUR 524,791.03
Other debtors and assets
EUR 2,682,482.77
Liquid means
EUR 346,275.80
Remaining other assets
EUR 65,074.73
Accruals (assets)
EUR 65,074.73
LIABILITIES EUR 7,932,725.73
Shareholders' equity
EUR 5,001,358.75
Capital
EUR 25,564.59
Subscribed capital (share capital)
EUR 25,564.59
Reserves EUR 1,050,000.00
Capital reserves
EUR 1,050,000.00
Balance sheet profit/loss (+/-)
EUR 3,925,794.16
Balance sheet profit / loss
EUR 3,925,794.16
Provisions
EUR 1,596,092.04
Liabilities
EUR 1,335,274.94
Financial debts
EUR 483,857.45
Liabilities due to banks
EUR 483,857.45
Other liabilities
EUR 851,417.49
Liabililties due to related companiesEUR 8,921.04
Unspecified other liabilities
EUR 842,496.45
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 10,995,040.20
Staff expenses
EUR 6,587,979.63
Wages and salaries
EUR 5,674,305.53
Social security contributions and
expenses for pension plans and
benefits
EUR 913,674.10
Total depreciation
EUR 504,395.37
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 504,395.37
Other operating expenses
EUR 3,141,829.71
Operating result from continuing
operations
EUR 760,835.49
Interest result (+/-)
EUR -9,040.60
Interest and similar income
EUR 47,546.31
Interest and similar expenses
EUR 56,586.91
Financial result (+/-)
EUR -9,040.60
Result from ordinary operations (+/-)
EUR 751,794.89
Income tax / refund of income tax (+/-)EUR -242,432.85
Tax
(+/-)
EUR -242,432.85
Annual surplus / annual deficit
EUR 509,362.04
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.80 |
|
|
1 |
Rs.100.49 |
|
Euro |
1 |
Rs.72.52. |
|
EUR |
1 |
Rs.72.84 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
AMR |
|
|
|
|
Report Prepared
by : |
TPT |
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 |
-- |
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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.