|
Report No. : |
301870.2 |
|
Report Date : |
14.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
LEICA MIKROSYSTEME VERTRIEB GMBH |
|
|
|
|
Registered Office : |
Ernst-Leitz-Str. 17-37, D 35578 Wetzlar |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
17.10.1985 |
|
|
|
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Com. Reg. No.: |
HRB 5464 |
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|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
·
Agents
involved in the sale of fine mechanical, photo and optical products ·
Wholesale
of electrical domestic appliances. · Wholesale of nonelectric domestic appliances, metal and other household goods n.e.c. |
|
|
|
|
No. of Employees : |
174 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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, has 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 5.3% in 2013. The new German government introduced a
minimum wage of $11 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%. 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. 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 hopes to
replace nuclear power with renewable energy. 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.
|
Source
: CIA |
LEICA
MIKROSYSTEME VERTRIEB GMBH
Company Status: active
Ernst-Leitz-Str. 17-37
D 35578 Wetzlar
Telephone:06441/29-0
Telefax: 06441/29-2599
Homepage: www.leica-microsystems.com
E-mail: webmaster@leica-microsystems.com
DE812487602
Business relations are permissible.
LEGAL FORM Private
limited company
Date
of foundation: 17.10.1985
Shareholders'
agreement: 17.10.1985
Registered on: 13.08.2007
Commercial Register: Local court 35578 Wetzlar
under: HRB
5464
EUR
26,000.00
Shareholder:
Leica Microsystems
Holdings GmbH
Ernst-Leitz-Str. 17-37
D 35578 Wetzlar
Legal form: Private
limited company
Share capital: EUR
26,002,740.00
Share: EUR 26,000.00
Registered on: 18.01.1930
Reg. data: 35578 Wetzlar,
HRB 7
Profit transfer agreement
Manager:
Harald Schwenk
D 50259 Pulheim
authorized to jointly
represent the company
born: 02.06.1965
Manager:
Frank Bunge
D 55116 Mainz
authorized to
jointly represent the company
born: 15.11.1959
Manager:
Knud Müller
D 64625 Bensheim
authorized to jointly
represent the company
born: 07.11.1970
Proxy:
Peter Hausammann
D 64354 Reinheim
authorized to jointly
represent the company
born: 31.12.1954
Proxy:
Karim Safaee
D 61348 Bad Homburg
authorized to jointly
represent the company
born: 13.12.1966
Proxy:
Yves Janin
F Boeurs en Othe
authorized to jointly represent the company
born: 12.01.1962
Nationality: French
Proxy:
Dr. Jürgen Kreß
D 61440 Oberursel
authorized to jointly
represent the company
born: 15.03.1971
Further functions/participations of Harald
Schwenk (Manager)
Manager:
Leica Microsystems
Holdings GmbH
Ernst-Leitz-Str. 17-37
D 35578 Wetzlar
Legal form: Private
limited company
Share capital: EUR
26,002,740.00
Registered
on: 18.01.1930
Reg. data: 35578 Wetzlar, HRB 7
Manager:
Leica Microsystems IR
GmbH
Ernst-Leitz-Str. 17-37
D 35578 Wetzlar
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 22.03.2000
Reg. data: 35578 Wetzlar, HRB 2349
Manager:
Leica Microsystems GmbH
Ernst-Leitz-Str. 17-37
D 35578 Wetzlar
Legal form: Private
limited company
Share capital: EUR
12,000,000.00
Registered
on: 19.12.2005
Reg. data: 35578 Wetzlar, HRB 5187
Manager:
Leica Microsystems CMS
GmbH
Ernst-Leitz-Str. 17-37
D 35578 Wetzlar
Legal form: Private
limited company
Share capital: EUR 196,000.00
Registered
on: 12.03.2001
Reg. data: 35578 Wetzlar, HRB 2432
Further functions/participations of Knud
Müller (Manager)
Manager:
Leica Microsystems
Holdings GmbH
Ernst-Leitz-Str. 17-37
D 35578 Wetzlar
Legal form: Private
limited company
Share capital: EUR
26,002,740.00
Registered
on: 18.01.1930
Reg. data: 35578 Wetzlar, HRB 7
Manager:
Leica Microsystems GmbH
Ernst-Leitz-Str. 17-37
D 35578 Wetzlar
Legal form: Private
limited company
Share capital: EUR
12,000,000.00
Registered
on: 19.12.2005
Reg. data: 35578 Wetzlar, HRB 5187
Manager:
Danaher Evolution GmbH
Bismarckring 39
D 88400 Biberach
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 16.06.2005
Reg. data: 89073 Ulm, HRB 641890
Manager:
Leica Microsystems CMS
GmbH
Ernst-Leitz-Str. 17-37
D 35578 Wetzlar
Legal form: Private
limited company
Share capital: EUR 196,000.00
Registered
on: 12.03.2001
Reg. data: 35578 Wetzlar, HRB 2432
Manager:
Leica Microsystems IR
GmbH
Ernst-Leitz-Str. 17-37
D 35578 Wetzlar
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 22.03.2000
Reg. data: 35578 Wetzlar, HRB 2349
Proxy:
Leica Biosystems
Nussloch GmbH
Heidelberger Str. 17-19
D 69226 Nußloch
Post Box:
11 20, D 69226 Nußloch
Legal form: Private limited
company
Share capital: EUR 833,000.00
Registered
on: 03.11.1986
Reg. data: 68159 Mannheim, HRB 333205
17.10.1985 - 28.07.1991 Leica Vertrieb GmbH
Ernst-Leitz-Str. 1
D 35578 Wetzlar
Private limited
company
29.07.1991 - 13.05.1998 Leica Vertrieb GmbH
Lilienthalstr. 39-45
D 64625 Bensheim
Private limited
company
13.05.1998 - 13.08.2007 Leica Mikrosysteme Vertrieb GmbH
Lilienthalstr. 39-45
D 64625 Bensheim
Private limited company
09.02.2012 - 05.01.2015 Manager
Cornelis Johannes
Maria van Ophem
CH Gryon
21.08.2007 - 05.01.2015 Manager
Colin Ernest Davis
GB - London
Main
industrial sector
46181
Agents involved in the sale of fine mechanical, photo and optical
products
46432
Wholesale of electrial domestic appliances
46495 Wholesale of nonelectric domestic appliances,
metal and other household goods n.e.c.
Branch:
Leica Mikrosysteme
Vertrieb GmbH
D 80333 München
Branch:
Leica Mikrosysteme
Vertrieb GmbH
D 70173 Stuttgart
Branch:
Leica Mikrosysteme
Vertrieb GmbH
D 50667 Köln
Branch:
Leica Mikrosysteme
Vertrieb GmbH
D 60313 Frankfurt
Branch:
Leica Mikrosysteme
Vertrieb GmbH
Tiergartenstr. 9
D 64646 Heppenheim
Branch:
Leica Mikrosysteme
Vertrieb GmbH
Immenweg 4
D 21220 Seevetal
TEL.: 04105/83356
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2013
Type of ownership: Tenant
Address Ernst-Leitz-Str.
17-37
D 35578 Wetzlar
Land register documents were not available.
Principal banks
COMMERZBANK, 60005 FRANKFURT AM MAIN
Sort. code: 50040000
BIC:
COBADEFFXXX
COMMERZBANK VORMALS DRESDNER BANK, 64219
DARMSTADT
Sort. code: 50880050
BIC: DRESDEFF508
POSTBANK, 60288 FRANKFURT AM MAIN
Sort. code: 50010060
BIC: PBNKDEFFXXX
Turnover: 2013 EUR 179,636,174.00
Profit: 2013 EUR 6,229,708.00
Equipment: EUR 1,276,037.00
Ac/ts receivable: EUR 29,845,906.00
Liabilities: EUR
53,459,445.00
Employees:
174
-
Part-time employees: 168
-
Trainees:
3
Profit
transfer agreement to:
Leica Microsystems
Holdings GmbH
Ernst-Leitz-Str. 17-37
D 35578 Wetzlar
Balance
sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 23.73
Liquidity ratio: 1.85
Return on total capital [%]: 9.34
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 21.03
Liquidity ratio: 1.55
Return on total capital [%]: 19.80
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 32.16
Liquidity ratio: 5.41
Return on total capital [%]: 31.27
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 24.66
Liquidity ratio: 3.99
Return on total capital [%]: 9.86
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
Financial year: 01.01.2013 - 31.12.2013
ASSETS EUR 66,732,869.56
Fixed assets
EUR 4,670,348.31
Intangible assets
EUR 6,528.19
Concessions, licences, rights
EUR 6,528.19
Tangible assets
EUR 1,276,036.76
Other tangible assets / fixtures and
fittings
EUR 1,276,036.76
Financial assets
EUR 3,387,783.36
Securities included in fixed assets
EUR 687,129.36
Other loans
EUR 2,700,654.00
Current assets
EUR 61,762,399.91
Stocks
EUR 9,848,694.94
Finished goods / work in progress
EUR 9,848,694.94
Accounts receivable
EUR 29,845,906.41
Trade debtors
EUR 24,632,063.66
Amounts due from related companies
EUR 5,119,746.13
Other debtors and assets
EUR 94,096.62
Liquid means EUR 22,067,798.56
Remaining other assets
EUR 300,121.34
Accruals (assets)
EUR 300,121.34
LIABILITIES EUR 66,732,869.56
Shareholders' equity
EUR 536,827.00
Capital
EUR 26,000.00
Subscribed capital (share capital)
EUR 26,000.00
Reserves
EUR 510,827.00
Retained
earnings / revenue reserves EUR
510,827.00
Provisions
EUR 10,832,453.21
Pension provisions and comparable
provisions
EUR 7,697,959.00
Other / unspecified provisions
EUR 3,134,494.21
Liabilities
EUR 53,459,445.36
Other liabilities
EUR 53,459,445.36
Trade creditors (for IAS incl. bills
of exchange) EUR
2,372,201.73
Liabilities from received advance
payments
EUR 1,714,877.97
Liabililties due to related companiesEUR 49,044,325.09
Unspecified other liabilities
EUR 328,040.57
thereof liabilities from tax /
financial authorities
EUR 190,566.80
Other liabilities
EUR 1,904,143.99
Deferrals (liabilities)
EUR 1,904,143.99
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Sales
EUR 179,636,174.42
Other operating income
EUR 1,856,887.50
Cost of materials
EUR 138,172,816.44
Raw materials and supplies, purchased
goods
EUR 138,172,816.44
Gross result (+/-)
EUR 43,320,245.48
Staff expenses
EUR 13,507,133.64
Wages and salaries
EUR 11,085,756.11
Social security contributions and
expenses for pension plans and
benefits
EUR 2,421,377.53
Total depreciation
EUR 586,336.76
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 586,336.76
Other operating expenses
EUR 22,176,899.73
Operating result from continuing
operations
EUR 7,049,875.35
Interest result (+/-)
EUR -820,167.35
Interest and similar income
EUR 21,592.32
Interest and similar expenses
EUR 841,759.67
thereof paid to related companies
EUR 431,873.38
Financial result (+/-)
EUR -820,167.35
Result from ordinary operations (+/-)
EUR 6,229,708.00
Expenses for transfer of profits to a
parent company
EUR 6,229,708.00
Annual surplus / annual deficit
EUR 0.00
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 43,623,801.81
Fixed assets
EUR 5,276,337.93
Intangible assets
EUR 10,088.19
Concessions, licences, rights
EUR 10,088.19
Tangible assets
EUR 1,436,884.23
Other tangible assets / fixtures and
fittings
EUR 1,436,884.23
Financial assets
EUR 3,829,365.51
Securities included in fixed assets EUR
620,087.51
Other loans
EUR 3,209,278.00
Current assets
EUR 38,301,267.52
Stocks
EUR 8,132,673.15
Finished goods / work in progress
EUR 8,132,673.15
Accounts receivable
EUR 24,817,283.01
Trade debtors
EUR 19,462,353.86
Amounts due from related companies
EUR 5,268,041.77
Other debtors and assets
EUR 86,887.38
Liquid means
EUR 5,351,311.36
Remaining other assets
EUR 46,196.36
Accruals (assets) EUR 46,196.36
LIABILITIES EUR 43,623,801.81
Shareholders' equity
EUR 536,827.00
Capital
EUR 26,000.00
Subscribed capital (share capital)
EUR 26,000.00
Reserves
EUR 510,827.00
Retained earnings / revenue reserves EUR 510,827.00
Provisions
EUR 12,021,838.69
Pension provisions and comparable
provisions
EUR 7,740,388.00
Other / unspecified provisions
EUR 4,281,450.69
Liabilities
EUR 30,050,722.00
Other liabilities EUR 30,050,722.00
Trade creditors (for IAS incl. bills
of exchange)
EUR 2,633,520.97
Liabilities from received advance
payments
EUR 1,211,376.41
Liabililties due to related companiesEUR 25,522,909.19
Unspecified other liabilities
EUR 682,915.43
thereof liabilities from tax /
financial authorities
EUR 199,749.72
Other liabilities EUR 1,014,414.12
Deferrals (liabilities)
EUR 1,014,414.12
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 166,573,625.31
Other operating income
EUR 2,358,985.27
Cost of materials
EUR 123,492,827.86
Raw materials and supplies, purchased
goods
EUR 123,492,827.86
Gross result (+/-)
EUR 45,439,782.72
Staff expenses
EUR 13,614,310.56
Wages and salaries
EUR 11,333,317.01
Social security contributions and
expenses for pension plans and
benefits
EUR 2,280,993.55
Total depreciation
EUR 444,701.54
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 444,701.54
Other operating expenses
EUR 21,506,012.38
Operating result from continuing
operations
EUR 9,874,758.24
Interest result (+/-)
EUR -1,237,290.67
Interest and similar income
EUR 67,141.03
Interest and similar expenses
EUR 1,304,431.70
thereof paid to related companies
EUR 882,841.28
Financial result (+/-) EUR -1,237,290.67
Result from ordinary operations (+/-)
EUR 8,637,467.57
Expenses for transfer of profits to a
parent company
EUR 8,637,467.57
Annual surplus / annual deficit
EUR 0.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.14 |
|
|
1 |
Rs.95.78 |
|
Euro |
1 |
Rs.71.05 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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.