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Report No. : |
357599 |
|
Report Date : |
29.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
MS NEUMANN ELEKTRONIK GMBH |
|
|
|
|
Registered Office : |
Lahnstr. 30, D 45478 Mülheim |
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|
|
|
Country : |
Germany |
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|
|
|
Financials (as on) : |
31.12.2014 |
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|
|
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Date of Incorporation : |
02.06.2004 |
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|
|
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Com. Reg. No.: |
HRB 16959 |
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|
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Legal Form : |
Private Limited Company |
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|
|
|
Line of Business : |
Manufacture of other electric
equipment n.e.c. |
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|
|
|
No. of Employees : |
67 |
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 |
|
Status : |
Satisfactory |
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|
|
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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 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
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 |
MS NEUMANN ELEKTRONIK GMBH
Company Status: active
Lahnstr. 30
D 45478 Mülheim
Telephone:0208/5995-0
Telefax: 0208/5995-235
Homepage:
www.neumann-elektronik.de
E-mail: info@neumann-elektronik.de
VAT
no.: DE813988598
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 02.06.2004
Shareholders'
agreement: 02.06.2004
Registered on: 18.06.2004
Commercial Register: Local court 47051 Duisburg
under: HRB
16959
EUR 1,000,000.00
Shareholder:
MATTIG-SCHAUER GmbH
Gorskistr. 19
A 1230 Wien
Legal form: Other legal
form
Share: EUR 1,000,000.00
Manager:
Jörg Michhöfer
Gerhart-Hauptmann-Str. 63
D 47918 Tönisvorst
born: 19.03.1961
Profession: Fully
qualified management
expert
Proxy:
Karsten Stamm
D 40699 Erkrath
authorized to jointly
represent the company
born: 08.03.1964
Further functions/participations of Jörg
Michhöfer (Manager)
Manager:
Neumann Elektronik
Osteuropa GmbH
Lahnstr. 30
D 45478 Mülheim
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 23.04.1999
Reg. data: 47051 Duisburg, HRB 15696
02.07.2013 - 15.10.2013 Manager
Dr. Gerald
Schildheuer
D 44879 Bochum
Main industrial sector
2790 Manufacture
of other electric equipment n.e.c.
Shareholder:
Neumann Elektronik
Osteuropa GmbH
Lahnstr. 30
D 45478 Mülheim
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 23.04.1999
Local court 47051 Duisburg
HRB 15696
Payment experience: within 60 days
Negative information:We have no negative
information at hand.
Balance sheet year: 2014
Type
of ownership: Tenant
Address Lahnstr.
30
D 45478 Mülheim
Land register documents were not available.
Principal bank
COMMERZBANK VORMALS DRESDNER BANK, 45404
MÜLHEIM AN DER RUHR
Sort. code: 36280071
BIC: DRESDEFF362
Gross profit or loss:2013 EUR 5,050,111.00
2014 EUR 6,506,659.00
Profit: 2013 EUR -1,669,260.00
2014 EUR 119,841.00
further business figures:
Equipment: EUR 304,709.00
Ac/ts receivable: EUR 1,295,880.00
Liabilities: EUR
4,515,508.00
Total numbers of vehicles: 18
-
Passenger cars:
4
Employees:
67
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 65.28
Liquidity ratio: 1.59
Return on total capital [%]: 2.17
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 57.63
Liquidity ratio: 1.23
Return on total capital [%]: -26.92
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 53.92
Liquidity ratio: 1.98
Return on total capital [%]: -21.73
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 52.60
Liquidity ratio: 1.18
Return on total capital [%]: 1.63
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 5,604,036.34
Fixed assets
EUR 630,172.66
Intangible assets
EUR 319,186.94
Internally generated industrial
property
rights and similar rights
and assets
EUR 114,132.00
Goodwill
EUR 74,794.00
Other / unspecified intangible assetsEUR 130,260.94
Tangible assets EUR 310,983.72
Plant / machinery
EUR 6,274.57
Other tangible assets / fixtures and
fittings
EUR 304,709.15
Financial assets EUR 2.00
Shares in participations /
subsidiaries and the like
EUR 2.00
Shares in investee companies
EUR 2.00
Current assets
EUR 4,973,267.92
Stocks
EUR 3,275,321.93
Accounts receivable
EUR 1,295,879.83
Amounts due from related companies
EUR 23,089.45
Amounts due from investee companies
EUR 2.00
Other debtors and assets
EUR 1,272,788.38
Liquid means
EUR 402,066.16
Remaining other assets
EUR 595.76
Accruals (assets) EUR 595.76
LIABILITIES EUR 5,604,036.34
Shareholders' equity
EUR 384,323.35
Capital
EUR 1,000,000.00
Subscribed capital (share capital)
EUR 1,000,000.00
Reserves
EUR 933,743.07
Capital reserves
EUR 933,743.07
Balance sheet profit/loss (+/-)
EUR -1,549,419.72
Balance
sheet profit / loss EUR -1,549,419.72
Provisions
EUR 666,570.43
Liabilities
EUR 4,515,507.56
Other liabilities
EUR 4,515,507.56
Liabililties due to related companiesEUR 3,372,277.97
Liabilities due to investee companiesEUR 55,934.62
Unspecified other liabilities
EUR 1,087,294.97
Other liabilities
EUR 37,635.00
Deferred taxes (not included under
provisions/liabilities)
EUR 37,635.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 6,506,658.62
Staff expenses
EUR 4,105,549.60
Wages and salaries
EUR 3,460,848.84
Social security contributions and
expenses for pension plans and
benefits EUR 644,700.76
Total depreciation
EUR 204,077.69
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 204,077.69
Other operating expenses
EUR 1,921,650.24
Operating result from continuing
operations
EUR 275,381.09
Interest result (+/-)
EUR -25,295.01
Interest and similar income EUR 661.97
Interest and similar expenses
EUR 25,956.98
Other financial result
EUR -146,999.00
Depreciation on financial assets and
marketable securities
EUR 146,999.00
Financial result (+/-)
EUR -172,294.01
Result from ordinary operations (+/-)
EUR 103,087.08
Income tax / refund of income tax (+/-)EUR 19,024.77
Other taxes / refund of taxes EUR -2,271.33
Tax
(+/-)
EUR 16,753.44
Annual surplus / annual deficit
EUR 119,840.52
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 6,291,602.18
Fixed assets
EUR 837,276.75
Intangible assets EUR 444,343.36
Internally generated industrial
property rights and similar rights
and assets
EUR 173,679.00
Goodwill
EUR 91,729.00
Other / unspecified intangible assetsEUR 178,935.36
Tangible assets
EUR 245,932.39
Plant / machinery
EUR 7,756.57
Other tangible assets / fixtures and
fittings EUR 238,175.82
Financial assets
EUR 147,001.00
Shares in participations /
subsidiaries and the like
EUR 147,001.00
Shares in related companies
EUR 147,001.00
Current assets
EUR 5,433,336.51
Stocks
EUR 2,996,153.65
Accounts receivable
EUR 2,349,609.54
Amounts due from related companies
EUR 164,043.77
Amounts due from investee companies
EUR 314,388.38
Other debtors and assets
EUR 1,871,177.39
Liquid means
EUR 87,573.32
Remaining other assets
EUR 20,988.92
Accruals (assets)
EUR 20,988.92
LIABILITIES EUR 6,291,602.18
Shareholders' equity
EUR 264,482.83
Capital EUR 1,000,000.00
Subscribed capital (share capital)
EUR 1,000,000.00
Reserves
EUR 933,743.07
Capital reserves
EUR 933,743.07
Balance sheet profit/loss (+/-)
EUR -1,669,260.24
Annual surplus / annual deficit
EUR -1,669,260.24
Provisions
EUR 578,205.07
Liabilities
EUR 5,392,251.28
Financial debts
EUR 795,349.36
Liabilities due to banks
EUR 795,349.36
Other liabilities
EUR 4,596,901.92
Liabililties due to related companiesEUR 3,444,704.91
Unspecified other liabilities
EUR 1,152,197.01
Other liabilities
EUR 56,663.00
Deferred taxes (not included under
provisions/liabilities)
EUR 56,663.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 5,050,111.24
Staff expenses
EUR 4,236,527.14
Wages and salaries EUR 3,569,351.94
Social security contributions and
expenses for pension plans and
benefits
EUR 667,175.20
Total depreciation
EUR 212,030.20
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 212,030.20
Other operating expenses
EUR 2,198,170.69
Operating result from continuing
operations EUR -1,596,616.79
Interest result (+/-)
EUR -44,744.45
Interest and similar expenses
EUR 44,744.45
thereof paid to related companies
EUR 2,175.61
Financial result (+/-)
EUR -44,744.45
Result from ordinary operations (+/-)
EUR -1,641,361.24
Income tax / refund of income tax (+/-)EUR -21,591.50
Other taxes / refund of taxes
EUR -6,307.50
Tax
(+/-)
EUR -27,899.00
Annual surplus / annual deficit
EUR -1,669,260.24
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.14 |
|
|
1 |
Rs.98.69 |
|
Euro |
1 |
Rs.72.55 |
|
EUR |
1 |
Rs.72.81 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
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.