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Report No. : |
354962 |
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Report Date : |
19.12.2015 |
IDENTIFICATION DETAILS
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Name : |
M.A.T. - MALMEDIE ANTRIEBSTECHNIK GMBH |
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Registered Office : |
Dycker Feld 28, D 42653 Solingen |
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Country : |
Germany |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
03.12.1981 |
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Com. Reg. No.: |
HRB 15761 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Manufacture of bearings, gears, gearing and driving elements ·
Manufacture of other general-purpose
machinery n.e.c. ·
Manufacture of chucking tools and other machine tool
components ·
Agents involved in the sale of machinery, industrial
equipment, shipsand aircraft |
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No. of Employees : |
42 |
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) |
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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.
|
Source
: CIA |
M.A.T.
- MALMEDIE ANTRIEBSTECHNIK GMBH
Company Status: active
Dycker Feld 28
D 42653 Solingen
Telephone:0212/25811-0
Telefax: 0212/2581131
Homepage: www.malmedie.com
E-mail: info@malmedie.com
DE121302691
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 03.12.1981
Shareholders'
agreement: 03.12.1981
Registered on: 03.05.1994
Commercial Register: Local court 42103 Wuppertal
under: HRB 15761
EUR 100,000.00
Shareholder:
Dr. Rahim Gross
Gasselstiege 393
D 48159 Münster
born: 11.01.1965
Share: EUR 51,000.00
Shareholder:
Dr. Rahim Groß und
Patrick Groß und Stella
Groß und Andreas Groß und
Corinna Groß
Dycker Feld 28
D 42653 Solingen
Legal form: Partnership
under the Civil Code
Share: EUR 32,450.00
Shareholder:
Andreas Groß
D 52064 Aachen
born: 06.06.1991
Share: EUR 8,275.00
Shareholder:
Corinna Groß
D 42897 Remscheid
born: 11.06.1995
Share: EUR 8,275.00
Manager:
Michael Spiegel
Baumschulenweg 5
D 32760 Detmold
having sole power of
representation
born: 20.01.1962
Profession: Businessman
Manager:
Klaus Christof Lautwein
D 51598 Friesenhagen
having sole power of
representation
born: 03.03.1966
03.12.1981 - 02.05.1994 M.A.T. - Malmedie Antriebstechnik GmbH
Königsberger Str. 87
D 40231 Düsseldorf
Private limited
company
Main industrial sector
28150
Manufacture of bearings, gears, gearing and driving elements
2829
Manufacture of other general-purpose machinery n.e.c.
28493
Manufacture of chucking tools and other machine tool components
4614
Agents involved in the sale of machinery, industrial equipment, shipsand
aircraft
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2014
Type of ownership: Proprietor
Share: 100.00 %
Address Dycker
Feld 28
D 42653 Solingen
Real Estate of: Dr.
Rahim Groß und Patrick Groß und Stella
Groß und Andreas Groß und Corinna Groß
Type of ownership: Tenant
Address Dycker
Feld 28
D 42653 Solingen
Real Estate of: Michael
Spiegel
Type of ownership: Tenant
Address Baumschulenweg
5
D 32760 Detmold
Land register documents were not available.
Principal bank
DEUTSCHE BANK, 45116 ESSEN, RUHR
Sort. code: 36070050
BIC: DEUTDEDEXXX
Profit: 2013 EUR 3,570,646.00
2014 EUR 2,190,555.00
further business figures:
Equipment: EUR 375,242.00
Ac/ts receivable: EUR 710,623.00
Liabilities: EUR 225,300.00
Employees:
42
-
thereof permanent staff: 42
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 70.80
Liquidity ratio: 10.00
Return on total capital [%]: 31.57
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 70.36
Liquidity ratio: 10.00
Return on total capital [%]: 53.24
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 63.84
Liquidity ratio: 10.00
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 69.89
Liquidity ratio: 10.00
Return on total capital [%]: 3.13
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: 01.01.2014 - 31.12.2014
ASSETS EUR 6,982,955.00
Fixed assets
EUR 1,181,917.31
Intangible assets
EUR 36,933.00
Tangible assets
EUR 1,102,684.89
Land / similar rights
EUR 507,084.89
Plant / machinery
EUR 220,358.00
Other tangible assets / fixtures and
fittings EUR 375,242.00
Financial assets
EUR 42,299.42
Other / unspecified financial assets EUR 42,299.42
Current assets
EUR 5,766,281.81
Stocks EUR 1,329,530.50
Accounts receivable
EUR 710,622.57
Liquid means
EUR 3,726,128.74
Remaining other assets
EUR 34,755.88
Accruals (assets)
EUR 34,755.88
LIABILITIES EUR 6,982,955.00
Shareholders' equity
EUR 4,949,407.30
Capital
EUR 100,000.00
Subscribed capital (share capital)
EUR 100,000.00
Reserves
EUR 42,892.79
Retained earnings / revenue reserves EUR 42,892.79
Balance sheet profit/loss (+/-)
EUR 4,806,514.51
Profit / loss brought forward
EUR 2,615,959.63
Annual surplus / annual deficit
EUR 2,190,554.88
Provisions
EUR 1,808,248.00
Liabilities EUR 225,299.70
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 8,261,002.28
Staff expenses
EUR 3,147,800.58
Wages
and salaries EUR 2,669,413.78
Social security contributions and
expenses for pension plans and
benefits
EUR 478,386.80
Total depreciation
EUR 239,964.29
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 239,964.29
Other operating expenses
EUR 1,559,166.44
Operating result from continuing
operations
EUR 3,314,070.97
Interest result (+/-)
EUR -18,904.92
Interest and similar income
EUR 13,858.08
Interest and similar expenses
EUR 32,763.00
Financial result (+/-)
EUR -18,904.92
Result from ordinary operations (+/-)
EUR 3,295,166.05
Extraordinary expenses
EUR 8,401.00
Extraordinary result (+/-)
EUR -8,401.00
Income tax / refund of income tax (+/-)EUR -1,080,799.25
Other taxes / refund of taxes
EUR -15,410.92
Tax
(+/-)
EUR -1,096,210.17
Annual surplus / annual deficit
EUR 2,190,554.88
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 6,751,253.08
Fixed assets
EUR 1,371,845.40
Intangible assets
EUR 57,023.00
Tangible assets
EUR 1,256,838.89
Land / similar rights
EUR 575,059.89
Plant / machinery
EUR 279,418.00
Other tangible assets / fixtures and
fittings
EUR 402,361.00
Financial assets EUR 57,983.51
Other / unspecified financial assets EUR 57,983.51
Current assets
EUR 5,366,071.45
Stocks
EUR 1,707,315.58
Accounts receivable
EUR 962,943.25
Investments in current assets
EUR 1,060,493.36
Liquid means
EUR 1,635,319.26
Remaining other assets
EUR 13,336.23
Accruals
(assets) EUR 13,336.23
LIABILITIES EUR 6,751,253.08
Shareholders' equity
EUR 4,758,852.42
Capital
EUR 100,000.00
Subscribed capital (share capital)
EUR 100,000.00
Reserves
EUR 42,892.79
Retained earnings / revenue reserves EUR 42,892.79
Balance sheet profit/loss (+/-)
EUR 4,615,959.63
Profit / loss brought forward
EUR 1,045,313.26
Annual surplus / annual deficit
EUR 3,570,646.37
Provisions
EUR 1,774,670.00
Liabilities EUR 217,730.66
Other liabilities
EUR 217,730.66
Unspecified other liabilities
EUR 217,730.66
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 10,280,285.64
Staff expenses
EUR 3,267,151.50
Wages and salaries
EUR 2,805,513.96
Social security contributions and
expenses for pension plans and
benefits
EUR 461,637.54
Total depreciation
EUR 253,128.91
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 253,128.91
Other operating expenses
EUR 1,472,971.80
Operating result from continuing
operations
EUR 5,287,033.43
Interest result (+/-)
EUR 21,747.72
Interest and similar income
EUR 54,885.72
Interest and similar expenses
EUR 33,138.00
Financial result (+/-)
EUR 21,747.72
Result from ordinary operations (+/-)
EUR 5,308,781.15
Extraordinary expenses
EUR 8,401.00
Extraordinary result (+/-)
EUR -8,401.00
Income tax / refund of income tax (+/-)EUR -1,716,766.74
Other taxes / refund of taxes EUR -12,967.04
Tax
(+/-)
EUR -1,729,733.78
Annual surplus / annual deficit
EUR 3,570,646.37
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.42 |
|
|
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.72.14 |
|
EUR |
1 |
Rs.72.06 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
NIT |
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.