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Report No. : |
353540 |
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Report Date : |
10.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
SPECTRO ANALYTICAL INSTRUMENTS GMBH |
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Registered Office : |
Boschstr. 10, D 47533 Kleve |
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Country : |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
08.04.1997 |
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Com. Reg. No.: |
HRB 1876 |
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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 Wholesale of other
equipment and accessories for machinery and technical supplies |
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No. of Employees : |
279 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
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 : |
Good |
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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 |
|
Risk Category |
ECGC
Classification |
|
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 |
SPECTRO
ANALYTICAL INSTRUMENTS GMBH
Company Status: active
Boschstr. 10
D
47533 Kleve
Telephone:02821/892-0
Telefax: 02821/892-2200
Homepage: www.spectro.de
E-mail: spectro.info@ametek.com
VAT no.: DE196424280
Tax ID number: 116/5700/3643
Business relations are
permissible.
LEGAL FORM Private
limited company
Date of foundation: 08.04.1997
Shareholders'
agreement: 08.04.1997
Registered on: 09.03.1998
Commercial Register: Local court 47533 Kleve
under: HRB
1876
EUR 290,500.00
Shareholder:
AMETEK
Material Analysis Holdings GmbH
Boschstr. 10
D
47533 Kleve
Legal
form: Private limited company
Share
capital: EUR 28,000.00
Share: EUR 290,500.00
Registered on: 09.12.2008
Reg.
data: 47533 Kleve, HRB 9403
Profit
transfer agreement
Manager:
Manfred Andreas Bergsch
Kiebitzweg 30
D
47533 Kleve
having
sole power of representation
born: 13.12.1954
Marital status: married
Proxy:
Dr.
Joachim Heckel
An der
Steinmühle
D
47546 Kalkar
having
sole power of representation
born:
03.12.1953
Profession: Businessman
Proxy:
Rainer
Petry
D
47533 Kleve
having
sole power of representation
born:
11.01.1960
Proxy:
Rolf
Bernd Singendonk
D
47533 Kleve
having
sole power of representation
born:
01.05.1958
Proxy:
Michael Privik
D 47559 Kranenburg
having
sole power of representation
born:
06.03.1965
Further
functions/participations of Manfred Andreas Bergsch
(Manager)
Manager:
Ametek
Grundbesitz GmbH
Boschstr. 10
D
47533 Kleve
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 01.12.2006
Reg.
data: 47533 Kleve, HRB 8399
Manager:
AMETEK
European Holdings GmbH
Boschstr. 10
D
47533 Kleve
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 06.07.2014
Reg.
data: 47533 Kleve, HRB 12909
Manager:
AMETEK
Material Analysis Holdings GmbH
Boschstr. 10
D
47533 Kleve
Legal
form: Private limited company
Share
capital: EUR 28,000.00
Registered
on: 09.12.2008
Reg.
data: 47533 Kleve, HRB 9403
08.04.1997 -
02.12.1997 JFVG Zweiundneunzigste
Vermögensverwaltungsgesellschaft mbH
Klopstockstr. 5
D
65187 Wiesbaden
Private limited company
03.12.1997 -
09.03.1998 SPECTRO Beteiligungs GmbH
Klopstockstr. 5
D
65187 Wiesbaden
Private limited company
09.03.1998 -
16.11.2008 SPECTRO Beteiligungs GmbH
Boschstr. 10
D
47533 Kleve
Private limited company
Main industrial sector
2651 Manufacture of instruments and appliances
for measuring, testing and navigation
46693 Wholesale of other
equipment and accessories for machinery and technical supplies
Secondary industrial sector
64200 Activities of holding companies
Payment experience: 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: unknown
Address Boschstr. 10
D 47533 Kleve
Land register documents
were not available.
COMMERZBANK VORMALS
DRESDNER BANK, 47512 KLEVE, NIEDERRHEIN
Sort. code: 32080010
BIC: DRESDEFF320
COMMERZBANK, 47511 KLEVE,
NIEDERRHEIN
Sort. code: 32440023
BIC: COBADEFFXXX
Turnover: 2013 EUR 99,635,732.00
2014 *EUR 32,375,000.00
Profit: 2013 EUR 28,509,585.00
further business figures:
Equipment: EUR 1,888,075.00
Ac/ts receivable: EUR 72,415,086.00
Liabilities: EUR 61,947,149.00
Employees: 279
-
Trainees:
20
Profit transfer agreement
to:
AMETEK
Material Analysis Holdings GmbH
Boschstr. 10
D
47533 Kleve
The business figures marked with an asterisk are estimates
based on average values in the line of
business.
Balance sheet ratios
01.01.2013 - 31.12.2013
Equity ratio [%]: 83.82
Liquidity ratio: 9.57
Return on total capital
[%]: 29.96
Balance sheet ratios
01.01.2012 - 31.12.2012
Equity ratio [%]: 76.21
Liquidity ratio: 5.22
Return on total capital
[%]: 31.95
Balance sheet ratios
01.01.2011 - 31.12.2011
Equity ratio [%]: 74.85
Liquidity ratio: 4.98
Return on total capital
[%]: 38.91
Balance sheet ratios
01.01.2010 - 31.12.2010
Equity ratio [%]: 57.21
Liquidity ratio: 2.95
Return on total capital
[%]: 26.31
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 100,066,801.76
Fixed assets
EUR 17,414,750.51
Intangible assets
EUR 5,342,253.84
Concessions, licences, rights
EUR 437,547.48
Goodwill
EUR 4,904,706.36
Tangible assets
EUR 4,107,453.05
Land / similar rights
EUR 1,964,540.36
Plant / machinery
EUR 121,419.32
Other tangible assets / fixtures and
fittings
EUR 1,888,074.97
Advance payments made / construction
in progress
EUR 133,418.40
Financial assets
EUR 7,965,043.62
Shares in participations /
subsidiaries and the like EUR 6,505,443.62
Shares in related companies
EUR 5,617,690.34
Shares in investee companies
EUR 887,753.28
Loans to participations /
subsidiaries and the like
EUR 1,459,600.00
Loans to related companies
EUR 1,459,600.00
Current assets
EUR 82,433,363.84
Stocks
EUR 5,458,798.94
Raw materials, consumables and
supplies EUR 2,519,252.57
Finished goods / work in progress
EUR 2,939,546.37
Accounts receivable
EUR 72,415,086.09
Trade debtors
EUR 5,948,597.41
Amounts due from related companies EUR
66,085,000.05
Amounts due from investee companies
EUR 258,107.25
Other debtors and assets
EUR 123,381.38
Liquid means
EUR 4,559,478.81
Remaining other assets
EUR 218,687.41
Accruals (assets)
EUR 218,687.41
LIABILITIES EUR 100,066,801.76
Shareholders' equity
EUR 34,851,066.80
Capital
EUR 290,500.00
Subscribed capital (share capital)
EUR 290,500.00
Reserves
EUR 31,086,808.32
Capital reserves EUR 31,078,627.59
Retained earnings / revenue reserves EUR 8,180.73
Balance sheet profit/loss (+/-)
EUR 3,473,758.48
Balance sheet profit / loss
EUR 3,473,758.48
Provisions EUR 3,258,994.00
Other / unspecified provisions
EUR 3,258,994.00
Liabilities
EUR 61,947,148.96
Other liabilities
EUR 61,947,148.96
Trade creditors (for IAS incl. bills
of exchange)
EUR 8,850,267.03
Liabilities from received advance
payments
EUR 1,474,659.50
Liabililties due to related companiesEUR 51,291,060.22
Unspecified other liabilities
EUR 331,162.21
thereof liabilities from tax /
financial authorities
EUR 183,612.81
thereof liabilities from social
security EUR 23,103.62
Other liabilities
EUR 9,592.00
Deferrals (liabilities)
EUR 9,592.00
PROFIT AND LOSS ACCOUNT (cost of sales method)
according to Comm.
Code
(HGB)
Sales EUR 99,635,731.74
Manufacturing costs
EUR 45,784,858.88
Gross result on sales
EUR 53,850,872.86
Distribution costs
EUR 18,185,306.40
General administration expenses
EUR 4,974,150.12
Research and development costs
EUR 4,967,934.50
Depreciation (not included in
manufacturing costs)
EUR 2,452,353.17
Other operating income
EUR 3,106,378.30
Other operating expenses
EUR 1,881,115.98
Operating result from continuing
operations
EUR 24,496,390.99
Result from participating interests
(+/-) EUR 5,073,248.47
Expenses / income from participations EUR 5,073,248.47
Income from related companies
EUR 5,073,248.47
Interest result (+/-)
EUR -981,982.10
Interest and similar income
EUR 35,726.08
thereof from related companies
EUR 35,726.08
Interest and similar expenses
EUR 1,017,708.18
thereof paid to related companies
EUR 974,483.15
Financial result (+/-)
EUR 4,091,266.37
Result from ordinary operations (+/-)
EUR 28,587,657.36
Expenses for transfer of profits to a
parent company
EUR 28,509,584.89
Income tax / refund of income tax (+/-)EUR -42,091.47
Other taxes / refund of taxes
EUR -35,981.00
Tax
(+/-)
EUR -78,072.47
Annual surplus / annual deficit
EUR 0.00
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 103,204,372.24
Fixed assets
EUR 20,023,241.74
Intangible assets
EUR 7,620,375.82
Concessions, licences, rights
EUR 263,316.29
Goodwill EUR 7,357,059.53
Tangible assets
EUR 4,179,822.30
Land / similar rights
EUR 1,013,315.05
Plant / machinery
EUR 141,331.03
Other tangible assets / fixtures and
fittings
EUR 2,205,090.58
Advance payments made / construction
in progress
EUR 820,085.64
Financial assets
EUR 8,223,043.62
Shares in participations /
subsidiaries and the like
EUR 6,505,443.62
Shares in related companies
EUR 5,617,690.34
Shares in investee companies
EUR 887,753.28
Loans to participations /
subsidiaries and the like
EUR 1,717,600.00
Loans to related companies
EUR 1,717,600.00
Current assets
EUR 83,035,561.32
Stocks
EUR 6,434,849.50
Raw materials, consumables and
supplies
EUR 2,778,179.26
Finished goods / work in progress
EUR 3,656,670.24
Accounts receivable
EUR 72,635,286.01
Trade debtors
EUR 6,232,939.07
Amounts due from related companies
EUR 66,108,789.62
Amounts due from investee companies
EUR 224,859.13
Other debtors and assets
EUR 68,698.19
Liquid means
EUR 3,965,425.81
Remaining other assets
EUR 145,569.18
Accruals (assets)
EUR 145,569.18
LIABILITIES EUR
103,204,372.24
Shareholders' equity
EUR 34,851,066.80
Capital
EUR 290,500.00
Subscribed capital (share capital)
EUR 290,500.00
Reserves EUR 31,086,808.32
Capital reserves
EUR 31,078,627.59
Retained earnings / revenue reserves EUR 8,180.73
Balance sheet profit/loss (+/-)
EUR 3,473,758.48
Balance sheet profit / loss
EUR 3,473,758.48
Provisions
EUR 4,923,750.00
Other / unspecified provisions
EUR 4,923,750.00
Liabilities
EUR 63,426,967.44
Other
liabilities EUR 63,426,967.44
Trade creditors (for IAS incl. bills
of exchange)
EUR 8,412,070.06
Liabilities from received advance
payments
EUR 1,876,010.99
Liabililties due to related companiesEUR 50,677,998.81
Unspecified other liabilities
EUR 2,460,887.58
thereof liabilities from tax /
financial authorities
EUR 179,494.98
thereof liabilities from social
security
EUR 24,898.43
Other liabilities
EUR 2,588.00
Deferrals (liabilities)
EUR 2,588.00
PROFIT AND LOSS ACCOUNT (cost of sales method)
according to Comm.
Code
(HGB)
Sales
EUR 108,262,796.11
Manufacturing costs
EUR 50,039,304.18
Gross result on sales
EUR 58,223,491.93
Distribution costs
EUR 20,216,760.44
General administration expenses
EUR 4,736,158.22
Research and development costs
EUR 4,993,309.24
Depreciation (not included in
manufacturing costs)
EUR 2,452,353.17
Other operating income
EUR 3,493,829.64
Other operating expenses
EUR 2,360,812.00
Operating result from continuing
operations EUR 26,957,928.50
Result from participating interests
(+/-)
EUR 4,099,794.19
Expenses / income from participations EUR 4,099,794.19
Income from related companies
EUR 4,099,794.19
Interest result (+/-)
EUR -779,885.54
Interest and similar income
EUR 65,244.84
thereof from related companies
EUR 65,244.84
Interest and similar expenses
EUR 845,130.38
thereof paid to related companies
EUR 813,420.81
Financial result (+/-)
EUR 3,319,908.65
Result from ordinary operations (+/-)
EUR 30,277,837.15
Expenses for transfer of profits to a
parent company
EUR 30,627,875.32
Income tax / refund of income tax (+/-)EUR 387,236.17
Other taxes / refund of taxes
EUR -37,198.00
Tax
(+/-) EUR 350,038.17
Annual surplus / annual deficit
EUR 0.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.75 |
|
|
1 |
Rs.100.29 |
|
Euro |
1 |
Rs.72.89 |
|
EUR |
1 |
Rs.73.10 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
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|
Report Prepared
by : |
NIT |
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.