|
Report No. : |
303515 |
|
Report Date : |
16.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
SPECTRO ANALYTICAL INSTRUMENTS GMBH |
|
|
|
|
Registered Office : |
Boschstr. 10, D 47533 Kleve |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
08.04.1997 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
·
Manufacture
of instruments and appliances for measuring, testing and navigation ·
Wholesale
of other equipment and accessories for machinery and technical supplies |
|
|
|
|
No of Employees : |
283 |
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 |
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
Share capital: 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:
Powervar Deutschland GmbH
Melkweg 16
D 33106 Paderborn
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 28.02.2006
Reg. data: 33098 Paderborn, HRB 7995
Manager:
Teseq GmbH
Landsberger Str. 255
D 12623 Berlin
Legal form: Private
limited company
Share capital: EUR 250,000.00
Registered
on: 13.12.2006
Reg. data: 14057 Berlin, HRB 105214 B
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
Manager:
Direl Holding GmbH
Allmendstr. 11
D 79848 Bonndorf
Legal form: Private
limited company
Share capital: EUR 525,000.00
Registered
on: 05.05.2010
Reg. data: 79098 Freiburg, HRB 705259
Manager:
Dunkermotoren GmbH
Allmendstr. 11
D 79848 Bonndorf
Legal form: Private
limited company
Share capital: EUR 2,050,000.00
Registered
on: 27.04.2010
Reg. data: 79098 Freiburg, HRB 705227
Manager:
Direl GmbH
Allmendstr. 11
D 79848 Bonndorf
Legal form: Private limited
company
Share capital: EUR 25,000.00
Registered
on: 23.04.2010
Reg. data: 79098 Freiburg, HRB 705214
Manager:
MicroPoise Measurement
Systems Europe GmbH
Moislinger Allee 224
D 23558 Lübeck
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 10.05.2010
Reg. data: 23568 Lübeck, HRB 10101 HL
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: 2012
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: 2012 EUR 108,262,796.00
2013 EUR
93,000,000.00
Profit: 2012 EUR
30,627,875.00
further business figures:
Equipment: EUR 2,205,091.00
Ac/ts receivable: EUR
72,635,286.00
Liabilities: EUR 63,426,967.00
Employees: 283
- Trainees:
19
Profit transfer agreement to:
AMETEK Material Analysis
Holdings GmbH
Boschstr. 10
D 47533 Kleve
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
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 48.06
Liquidity ratio: 2.15
Return on total capital [%]: 26.77
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 dependency 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 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
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 97,573,043.35
Fixed assets
EUR 22,372,070.08
Intangible assets
EUR 10,028,186.32
Concessions, licences, rights
EUR 218,773.62
Goodwill
EUR 9,809,412.70
Tangible assets
EUR 4,012,840.14
Land / similar rights
EUR 1,078,095.30
Plant / machinery
EUR 146,332.44
Other tangible assets / fixtures and
fittings
EUR 2,305,446.40
Advance payments made / construction
in progress EUR 482,966.00
Financial assets
EUR 8,331,043.62
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 1,825,600.00
Loans to related companies
EUR 1,825,600.00
Current
assets EUR 75,066,805.63
Stocks
EUR 7,538,904.25
Raw materials, consumables and
supplies
EUR 2,788,982.40
Finished goods / work in progress
EUR 4,749,921.85
Accounts receivable
EUR 63,886,369.43
Trade debtors
EUR 5,117,282.90
Amounts due from related companies
EUR 58,537,084.88
Amounts due from investee companies
EUR 210,770.46
Other debtors and assets
EUR 21,231.19
Liquid means
EUR 3,641,531.95
Remaining other assets
EUR 134,167.64
Accruals (assets)
EUR 134,167.64
LIABILITIES EUR 97,573,043.35
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 5,601,045.00
Provisions for taxes EUR 509,995.00
Other / unspecified provisions
EUR 5,091,050.00
Liabilities
EUR 57,120,931.55
Other liabilities
EUR 57,120,931.55
Trade creditors (for IAS incl. bills
of exchange)
EUR 8,230,989.39
Liabilities from received advance
payments
EUR 2,133,885.39
Liabililties due to related companiesEUR 44,759,221.66
Unspecified other liabilities
EUR 1,996,835.11
thereof liabilities from tax /
financial authorities
EUR 164,301.61
thereof liabilities from social
security
EUR 28,057.92
PROFIT AND LOSS ACCOUNT (cost of sales method)
according to Comm.
Code (HGB)
Sales EUR 103,293,935.05
Manufacturing costs
EUR 50,095,289.49
Gross
result on sales EUR 53,198,645.56
Research and development costs
EUR 5,022,355.75
Other operating income
EUR 6,088,486.68
Other operating expenses
EUR 27,803,324.69
Operating result from continuing
operations
EUR 26,461,451.80
Result from participating interests
(+/-)
EUR 7,500,476.82
Expenses / income from participations EUR 7,500,476.82
Income from related companies
EUR 7,500,476.82
Interest result (+/-)
EUR 218,797.22
Interest and similar income
EUR 369,307.94
thereof from related companies
EUR 369,307.94
Interest and similar expenses
EUR 150,510.72
thereof paid to related companies
EUR 116,118.12
Financial result (+/-)
EUR 7,719,274.04
Result from ordinary operations (+/-)
EUR 34,180,725.84
Expenses for transfer of profits to a
parent company
EUR 31,694,402.17
Other taxes / refund of taxes
EUR -33,970.50
Tax (+/-) EUR -33,970.50
Annual surplus / annual deficit
EUR 2,452,353.17
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.76 |
|
|
1 |
Rs.94.02 |
|
Euro |
1 |
Rs.72.63 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NIS |
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.