|
Report No. : |
301560 |
|
Report Date : |
07.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
EPPENDORF AG |
|
|
|
|
Registered Office : |
Barkhausenweg 1, D 22339 Hamburg |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
1945 |
|
|
|
|
Legal Form : |
Public Limited Company |
|
|
|
|
Line of Business : |
·
Manufacture
of irradiation, electro medical and electrotherapeutic equipment ·
Wholesale
of medical and orthopedic goods, dental and laboratory supplies ·
Other
research and experimental development on natural sciences and engineering |
|
|
|
|
No. of Employee : |
306 |
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 |
|
Payment Behaviour : |
No Complaints |
|
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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 |
EPPENDORF AG
Company Status: active
Barkhausenweg 1
D 22339 Hamburg
Telephone:040/53801-0
Telefax:
040/53801-556
Homepage: www.eppendorf.com
E-mail:
eppendorf@eppendorf.com
VAT
no.: DE118649726
Business
relations are permissible.
LEGAL FORM Public limited company
Date of foundation: 1945
Registered on: 13.07.2000
Commercial Register: Local court 20355 Hamburg
under: HRB 76249
Share capital: EUR 51,132,000.00
Member of the Board of Directors:
Detmar Paul Ammermann
Sommerpark 16
D 22926 Ahrensburg
authorized to jointly
represent the company
born: 20.05.1958
Profession: Fully
qualified merchant
Marital status: unknown
Member of the Board of Directors:
Dr.rer.nat. Heinz-Gerhard
Köhn
Poppenbütteler Chaussee
49
D 22397 Hamburg
authorized to jointly
represent the company
born: 10.05.1949
Profession: Fully
qualified chemist
Member of the Board of Directors:
Dr.sc.agr. Michael
Schroeder
D 22844 Norderstedt
authorized to jointly
represent the company
born: 10.05.1950
Profession: Businessman
Marital status:
unknown
Member of the Board of Directors:
Dr. Ralf Hermann
Palmstr. 32
D 50672 Köln
born: 31.05.1961
Profession: Fully
qualified biologist
Member of the Board of Directors:
Dr. Wilhelm Plüster
Lottbeker Platz 14
D 22359 Hamburg
born: 17.07.1966
Profession: Fully
qualified chemist
Member of the Supervisory Board:
Klaus Fink
Hempenkamp 13a
D 22359 Hamburg
born: 19.06.1943
Profession: Fully qualified
economic
engineer
Member of the Supervisory Board:
Hans Hinz
Bernhard-Ihnen-Str. 15c
D 21465 Reinbek
born: 02.10.1939
Profession: graduate engineer
Member of the Supervisory Board:
Philipp von Loeper
Immenberg 22
D 23911 Pogeez
born: 25.11.1966
Profession: Fully
qualified merchant
Member of the Supervisory Board:
Thomas Werner Bachmann
Wieslerstr. 36
CH Zollikon
born: 03.01.1959
Profession: Mechanical
engineer
Nationality: Swiss
Representative of the Employees within the
Supervisory Board:
Dirk Höft
Schmiedekamp 11
D 23779 Neukirchen
born: 01.11.1959
Profession: plastics
moulder
Representative of the Employees within the
Supervisory Board:
Marlis Kripke
Burgtorstr. 14
D 23758 Oldenburg
Profession: Industrial
scientist
Further functions/participations of Detmar
Paul Ammermann (Member
of
the Board of Directors)
Member of the Supervisory Board:
Starlab International
GmbH
Neuer Höltigbaum 38
D 22143 Hamburg
Legal form: Private
limited company
Share capital: EUR 2,000,000.00
Registered
on: 23.02.2012
Reg. data: 20355 Hamburg, HRB 122020
1945 - 12.07.2000 Eppendorf-Netheler-Hinz GmbH
Barkhausenweg 1
D 22339 Hamburg
Private limited company
07.06.2013 - 14.07.2014 President of the Board of Directors
Dr.rer.nat. Dirk
Ehlers
D 22339 Hamburg
01.03.2012 - 12.05.2014 President of the Supervisory Board
Klaus Fink
D 22359 Hamburg
16.05.2011 - 12.05.2014 Vice-president of the Supervisory Board
Philipp von Loeper
D 23911 Pogeez
02.03.2012 - 14.05.2013 Member of the Supervisory Board
Adrian De`teindre
D 22339 Hamburg
30.06.2009 - 01.03.2012 Member of the Supervisory Board
Prof. Dr. Rolf Schmid
D 22339 Hamburg
19.12.2006 - 01.03.2012 Member of the Supervisory Board
Adrian De`teindre
D 22339 Hamburg
Main industrial sector
2660
Manufacture of irradiation, electromedical and electrotherapeutic
equipment
46462
Wholesale of medical and orthopedic goods, dental and laboratory
supplies
7219
Other research and experimental development on natural sciences and
engineering
Works:
Eppendorf AG
Sebenter Weg 39
D 23758 Oldenburg
Shareholder:
Eppendorf Zentrifugen
GmbH
Riesaer Str. 198
OT Engelsdorf
D 04319 Leipzig
Legal form: Private
limited company
Company Status: active
Share capital: EUR 5,000,000.00
Share: EUR 5,000,000.00
Reg. data: 12.12.1991
Local court
04275 Leipzig
HRB 4236
Shareholder:
Eppendorf Polymere GmbH
Sebenter Weg 39
D 23758 Oldenburg
Legal form: Private
limited company
Company Status: active
Share capital: EUR 5,000,000.00
Share: EUR 5,000,000.00
Reg. data: 21.12.1998
Local court
23568 Lübeck
HRB 1054 OL
Shareholder:
Eppendorf Instrumente
GmbH
Barkhausenweg 1
D 22339 Hamburg
Post Box:
63 03 25
Legal form: Private
limited company
Company Status: active
Share capital: EUR 5,000,000.00
Share: EUR 5,000,000.00
Reg. data: 12.11.1998
Local court
20355 Hamburg
HRB
69077
Shareholder:
Eppendorf Liquid Handling
GmbH
Barkhausenweg 1
D 22339 Hamburg
Legal form: Private
limited company
Company Status: active
Share capital: EUR 5,000,000.00
Share: EUR 5,000,000.00
Reg. data: 08.12.2004
Local court
20355 Hamburg
HRB 92250
Shareholder:
Starlab International
GmbH
Neuer Höltigbaum 38
D 22143 Hamburg
Legal form: Private
limited company
Company Status: active
Share capital: EUR 2,000,000.00
Share: EUR 2,000,000.00
Reg. data: 23.02.2012
Local court
20355 Hamburg
HRB 122020
Shareholder:
DASGIP Information and
Process Technology
GmbH
Rudolf-Schulten-Str. 5
D 52428 Jülich
Legal form: Private
limited company
Company Status: active
Share capital: EUR 1,015,000.00
Share: EUR 1,015,000.00
Reg. data:
16.04.2012
Local court
52349 Düren
HRB 6322
Shareholder:
Eppendorf Vertrieb
Deutschland GmbH
Peter-Henlein-Str. 2
D 50389 Wesseling
Legal form: Private
limited company
Company Status: active
Share capital: EUR 500,000.00
Share: EUR 500,000.00
Reg. data: 26.11.1999
Local court
50939 Köln
HRB 32511
Shareholder:
Eppendorf Biochip Systems
GmbH
Barkhausenweg 1
D 22339 Hamburg
Legal form: Private
limited company
Company Status: active
Share capital: EUR 500,000.00
Share: EUR 500,000.00
Reg. data: 07.03.2006
Local court
20355 Hamburg
HRB 96641
Shareholder:
LabServ GmbH
Dienstleistungen für das Labor
Im Tiefen See 62
D 64293 Darmstadt
Legal form: Private
limited company
Company Status: insolvent
since: 02.03.2010
Share capital: EUR 127,822.97
Share: EUR 127,822.97
Reg. data: 13.07.2001
Local court
64283 Darmstadt
HRB 8236
Shareholder:
Grundstücksverwaltung
Leipziger Straße 106 -
112 GmbH
Barkhausenweg 1
D 22339 Hamburg
Legal form: Private
limited company
Company Status:
active
Share capital: EUR 26,000.00
Share: EUR 26,000.00
Reg. data: 12.11.1998
Local court
20355 Hamburg
HRB 69072
Shareholder:
Eppendorf BioChem GmbH
Barkhausenweg 1
D 22339 Hamburg
Legal form: Private
limited company
Company Status: active
Share capital: EUR 26,000.00
Share: EUR 26,000.00
Reg. data: 12.09.2001
Local court 20355 Hamburg
HRB 81338
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Type of ownership: proprietor
Share: 100.00 %
Address Barkhausenweg 1
D 22339 Hamburg
Land register documents were not available.
DEUTSCHE BANK, 20079 HAMBURG
Sort. code: 20070000, Account no.: 0202200
BIC: DEUTDEHHXXX, IBAN: DE51200700000020220000
HAMBURGER SPARKASSE, 20454 HAMBURG
Sort. code: 20050550, Account no.: 1280118447
BIC: HASPDEHHXXX, IBAN: DE32200505501280118447
HSBC TRINKAUS & BURKHARDT, 40002
DÜSSELDORF
Sort. code: 30030880, Account no.: 800547008
BIC: TUBDDEDDXXX, IBAN: DE56300308800800547008
Turnover: 2013 EUR 270,000,000.00
2014
EUR 270,000,000.00
further business figures:
Equipment: EUR 2,254,022.00
Ac/ts receivable: EUR
77,414,216.00
Liabilities: EUR 29,824,799.00
Real estate of the firm: EUR
13,182,965.00
Employees: 306
-
thereof permanent staff: 11
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 74.49
Liquidity ratio: 10.00
Return
on total capital [%]: 15.83
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 71.84
Liquidity ratio: 10.00
Return on total capital [%]: 17.15
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 65.30
Liquidity ratio: 10.00
Return on total capital [%]: 14.01
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 67.55
Liquidity ratio: 4.38
Return
on total capital [%]: 13.94
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: 01.01.2012 - 31.12.2012
ASSETS EUR 410,604,061.21
Fixed assets
EUR 207,976,477.08
Intangible assets
EUR 3,366,607.96
Concessions, licences, rights
EUR 3,366,607.96
Tangible assets
EUR 17,483,685.62
Land / similar rights
EUR 13,182,965.03
Other tangible assets / fixtures and
fittings EUR 2,254,022.00
Advance payments made / construction
in progress
EUR 2,046,698.59
Financial assets
EUR 187,126,183.50
Shares
in participations /
subsidiaries and the like
EUR 143,845,508.32
Shares in related companies
EUR 143,845,508.32
Loans to participations /
subsidiaries and the like
EUR 43,280,675.18
Loans to related companies
EUR 43,280,675.18
Current assets
EUR 192,573,384.66
Stocks
EUR 30,379,242.63
Finished goods / work in progress
EUR 30,379,242.63
Accounts receivable
EUR 77,414,215.69
Trade debtors
EUR 13,234,500.73
Amounts due from related companies
EUR 61,525,134.16
Other debtors and assets
EUR 2,654,580.80
Liquid means
EUR 84,779,926.34
Remaining other assets
EUR 10,054,199.47
Accruals (assets)
EUR 301,189.47
Deferred taxes (assets) EUR 9,753,010.00
LIABILITIES EUR 410,604,061.21
Shareholders' equity
EUR 308,335,882.79
Capital
EUR 51,132,000.00
Subscribed capital (share capital)
EUR 51,132,000.00
Reserves
EUR 193,745,545.84
Capital reserves
EUR 26,137,700.00
Retained earnings / revenue reserves EUR 167,607,845.84
Balance
sheet profit/loss (+/-) EUR 63,458,336.95
Annual surplus / annual deficit
EUR 63,458,336.95
Provisions
EUR 72,436,690.15
Pension provisions and comparable
provisions EUR 49,498,374.00
Provisions for taxes
EUR 10,376,751.46
Other / unspecified provisions
EUR 12,561,564.69
Liabilities
EUR 29,824,799.27
Other liabilities
EUR 29,824,799.27
Trade creditors (for IAS incl. bills
of exchange)
EUR 3,252,274.38
Liabilities from received advance
payments
EUR 213,341.89
Liabililties due to related companiesEUR 17,946,845.40
Unspecified other liabilities
EUR 8,412,337.60
thereof liabilities from tax /
financial authorities
EUR 526,627.28
thereof
liabilities from social
security
EUR 106,656.18
Other liabilities
EUR 6,689.00
Deferrals (liabilities)
EUR 6,689.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 277,351,654.72
Other operating income
EUR 18,111,202.64
Cost of materials
EUR 150,841,806.81
Raw materials and supplies, purchased
goods
EUR 125,887,696.58
Purchased services
EUR 24,954,110.23
Gross result (+/-)
EUR 144,621,050.55
Staff
expenses EUR 29,774,022.18
Wages and salaries
EUR 23,793,524.96
Social security contributions and
expenses for pension plans and
benefits
EUR 5,980,497.22
Total depreciation
EUR 2,771,053.63
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 2,771,053.63
Other operating expenses EUR 40,894,964.54
Operating result from continuing
operations
EUR 71,181,010.20
Result from participating interests
(+/-)
EUR 18,364,280.01
Expenses / income from participations EUR 19,071,252.87
Income from transfer of profits
EUR 12,807,376.68
Income from related companies
EUR 6,263,876.19
Expenses for participations
EUR 706,972.86
Expenses for other participations
EUR 706,972.86
Interest result (+/-)
EUR 233,349.21
Interest and similar income
EUR 3,549,807.55
thereof from related companies
EUR 3,372,121.28
Interest and similar expenses
EUR 3,316,458.34
thereof paid to related companies
EUR 864,234.81
Financial result (+/-)
EUR 18,597,629.22
Result from ordinary operations (+/-)
EUR 89,778,639.42
Income tax / refund of income tax (+/-)EUR -26,163,298.69
Other taxes / refund of taxes
EUR -157,003.78
Tax
(+/-)
EUR -26,320,302.47
Annual
surplus / annual deficit EUR 63,458,336.95
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 371,232,754.35
Fixed assets
EUR 175,911,877.01
Intangible assets
EUR 3,096,346.39
Concessions, licences, rights
EUR 2,994,508.00
Advance payments for intang. assets
EUR 101,838.39
Tangible assets EUR 15,393,942.09
Land / similar rights
EUR 11,344,783.03
Plant / machinery
EUR 155.00
Other tangible assets / fixtures and
fittings EUR 1,814,673.00
Advance payments made / construction
in progress
EUR 2,234,331.06
Financial assets
EUR 157,421,588.53
Shares in participations /
subsidiaries and the like
EUR 114,140,913.35
Shares in related companies
EUR 114,140,913.35
Loans to participations /
subsidiaries and the like
EUR 43,280,675.18
Loans to related companies
EUR 43,280,675.18
Current assets
EUR 185,980,782.84
Stocks
EUR 25,455,564.28
Finished goods / work in progress
EUR 25,455,564.28
Accounts
receivable EUR 67,209,307.79
Trade debtors
EUR 17,354,251.57
Amounts due from related companies
EUR 46,829,426.39
Other debtors and assets
EUR 3,025,629.83
Liquid means
EUR 93,315,910.77
Remaining other assets
EUR 9,340,094.50
Accruals (assets)
EUR 345,037.50
Deferred taxes (assets)
EUR 8,995,057.00
LIABILITIES EUR 371,232,754.35
Shareholders' equity
EUR 260,217,145.84
Capital
EUR 51,132,000.00
Subscribed capital (share capital)
EUR 51,132,000.00
Reserves
EUR 146,950,254.27
Capital reserves
EUR 26,137,700.00
Retained earnings / revenue reserves EUR 120,812,554.27
Balance sheet profit/loss (+/-)
EUR 62,134,891.57
Annual surplus / annual deficit
EUR 62,134,891.57
Provisions
EUR 72,784,479.45
Pension provisions and comparable
provisions
EUR 47,166,915.00
Provisions for taxes
EUR 7,933,431.46
Other / unspecified provisions
EUR 17,684,132.99
Liabilities
EUR 38,231,129.06
Other liabilities EUR 38,231,129.06
Trade creditors (for IAS incl. bills
of exchange)
EUR 2,892,928.25
Liabilities from received advance
payments
EUR 151,542.18
Liabililties due to related companiesEUR 32,962,302.78
Unspecified other liabilities
EUR 2,224,355.85
thereof liabilities from social
security
EUR 100,747.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 269,335,850.33
Other operating income
EUR 15,665,451.39
Cost of materials
EUR 153,127,781.05
Raw materials and supplies, purchased
goods
EUR 126,572,226.17
Purchased services
EUR 26,555,554.88
Gross result (+/-)
EUR 131,873,520.67
Staff expenses
EUR 27,335,719.33
Wages and salaries
EUR 23,463,221.83
Social security contributions and
expenses for pension plans and
benefits
EUR 3,872,497.50
Total depreciation
EUR 2,730,750.38
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 2,730,750.38
Other operating expenses
EUR 37,724,299.70
Operating result from continuing
operations
EUR 64,082,751.26
Result from participating interests
(+/-)
EUR 23,473,395.87
Expenses / income from participations EUR 23,703,269.79
Income from transfer of profits
EUR 18,181,501.74
Income from related companies
EUR 5,521,768.05
Expenses for participations
EUR 229,873.92
Expenses
for other participations EUR 229,873.92
Interest result (+/-)
EUR 174,076.74
Interest and similar income
EUR 3,350,757.38
Interest and similar expenses
EUR 3,176,680.64
Financial result (+/-)
EUR 23,647,472.61
Result from ordinary operations (+/-)
EUR 87,730,223.87
Income tax / refund of income tax (+/-)EUR -25,492,556.20
Other taxes / refund of taxes
EUR -102,776.10
Tax
(+/-)
EUR -25,595,332.30
Annual surplus / annual deficit
EUR 62,134,891.57
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.39 |
|
|
1 |
Rs.96.72 |
|
Euro |
1 |
Rs.75.80 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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 |
-- |
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.