MIRA INFORM REPORT

 

 

Report No. :

304975

Report Date :

27.01.2015

 

IDENTIFICATION DETAILS

 

Name :

CST COLOUR SCANNER TECHNOLOGY GMBH

 

 

Registered Office :

Königsberger Str. 117 D 47809 Krefeld

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

19.12.1989

 

 

Com. Reg. No.:

HRB 3995

 

 

Legal Form :

Private limited company

 

 

Line of Business :

  • Manufacture of other special-purpose machinery n.e.c.
  • Retail sale of computers, peripheral units and software
  • Computer programming activities

 

 

No. of Employee :

8

 

 

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

Company name and address

 

CST COLOUR SCANNER TECHNOLOGY GMBH

 

 Company Status:      active

                      Königsberger Str. 117

                      D 47809 Krefeld

                      Telephone:02151/1592260

                      Telefax:  02151/520329

                      Homepage: www.c-s-t.de

                      E-mail:   info@c-s-t.de

                                                

 VAT no.:             DE120144702

 

 

 CONCLUSION

 

 Business relations are permissible.

 

 LEGAL FORM               Private limited company

 Date of foundation:      19.12.1989

 Registered on:             19.12.1989

 Commercial Register:   Local court 47798 Krefeld

 under:                          HRB 3995

 

 

 Share capital

                     

EUR             50,000.00

 

 Shareholder:

                      Peter Kesper

                      Schreberstr. 44

                      D 47800 Krefeld

                      born: 09.03.1947

                      Share:             EUR             25,000.00

 Shareholder:

                      Dieter Klenk

                      Kriegerstr. 26a

                      D 82110 Germering

                      born: 01.09.1949

                      Share:             EUR             25,000.00

 Manager:

                      Dieter Klenk

                      Kriegerstr. 26a

                      D 82110 Germering

                      having sole power of representation

                      born: 01.09.1949

                      Profession: Fully qualified psychologist

                      Marital status: married

 Manager:

                      Peer Kesper

                      Schneiderstr. 36

                      D 47798 Krefeld

                      having sole power of representation

                      born: 23.04.1975

                      Profession: Fully qualified management

                      expert

                      Marital status: unknown

 Manager:

                      Oliver Leven

                      D 41460 Neuss

                      authorized to jointly represent the company

                      born: 08.12.1968

                      Marital status: unknown

 

 Further functions/participations of Dieter Klenk (Manager)

 Shareholder:

                      DELTRON GmbH Vertrieb von Computersystemen

                      Kriegerstr. 26a

                      D 82110 Germering

                      Legal form: Private limited company

                      Share capital:     EUR             25,564.59

                      Share:             EUR             12,782.30

                      Registered

                      on:         04.09.1987

                      Reg. data:  80333 München, HRB 82399

 Shareholder:

                      AKK GmbH

                      Königsberger Str. 117

                      D 47809 Krefeld

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Share:             EUR             12,500.00

                      Registered

                      on:         19.01.2009

                      Reg. data:  47798 Krefeld, HRB 12259

 Manager:

                      DELTRON GmbH Vertrieb von Computersystemen

                      Kriegerstr. 26a

                      D 82110 Germering

                      Legal form: Private limited company

                      Share capital:     EUR             25,564.59

                      Registered

                      on:         04.09.1987

                      Reg. data:  80333 München, HRB 82399

 

 Further functions/participations of Peer Kesper (Manager)

 Shareholder:

                      Kesper Druckwalzen GmbH

                      Königsberger Str. 117

                      D 47809 Krefeld

                      Legal form: Private limited company

                      Share capital:     EUR             55,000.00

                      Share:             EUR             55,000.00

                      Registered

                      on:         29.12.1977

                      Reg. data:  47798 Krefeld, HRB 1563

 Shareholder:

                      AKK GmbH

                      Königsberger Str. 117

                      D 47809 Krefeld

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Share:             EUR              6,250.00

                      Registered

                      on:         19.01.2009

                      Reg. data:  47798 Krefeld, HRB 12259

 Manager:

                      Kesper Druckwalzen GmbH

                      Königsberger Str. 117

                      D 47809 Krefeld

                      Legal form: Private limited company

                      Share capital:     EUR             55,000.00

                      Registered

                      on:         29.12.1977

                      Reg. data:  47798 Krefeld, HRB 1563

 Manager:

                      BARAN Microelectronic GmbH

                      Königsberger Str. 117

                      D 47809 Krefeld

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         07.05.2004

                      Reg. data:  47798 Krefeld, HRB 10201

 

 

 RESIGNED ACTING PERSONS AND SHAREHOLDERS

 

 15.04.2008 - 25.04.2012  Manager

                          Peter Kesper

                          D 47800 Krefeld

 

 

 BUSINESS ACTIVITIES

 

 Main industrial sector

 2899    Manufacture of other special-purpose machinery n.e.c.

4741    Retail sale of computers, peripheral units and software

6201    Computer programming activities

 

 

 BRANCHES AND FACTORIES

 

 Branch:

                      CST Colour Scanner Technology GmbH

                      Kriegerstr. 26a

                      D 82110 Germering

                      TEL.: 089/844873

 

 

 FINANCIAL INFORMATION

 

 

 Payment experience:  within agreed terms

 

 Negative information:We have no negative information at hand.

 

Balance sheet year:  2013

 

 

 REAL ESTATE

 

 Type of ownership:          Tenant

 Address                        Königsberger Str. 117

                                    D 47809 Krefeld

 

 Real Estate of:             Peer Kesper

 Type of ownership:       unknown

 Address                        Schneiderstr. 36

                                    D 47798 Krefeld

 

 Land register documents were not available.

 

 

 BANKERS

 

 COMMERZBANK, 47705 KREFELD

 Sort. code: 32040024

 BIC: COBADEFFXXX

 SPARKASSE KREFELD, 47719 KREFELD

 Sort. code: 32050000

 BIC: SPKRDE33XXX

 

 

 FINANCIAL FIGURES

 

 Profit:              2013               EUR            564,224.00

 Equipment:                              EUR             64,000.00

 Ac/ts receivable:                       EUR          1,593,573.00

 Liabilities:                            EUR          2,082,814.00

 Employees:                                                      8

 

 

 BALANCE SHEETS

 

 Balance sheet ratios 01.01.2013 - 31.12.2013

 Equity ratio [%]:                 40.30

 Liquidity ratio:                   1.45

 Return on total capital [%]:      12.71

 Balance sheet grade:                1.8

 

 Balance sheet ratios 01.01.2012 - 31.12.2012

 Equity ratio [%]:                 31.10

 Liquidity ratio:                   1.06

 Return on total capital [%]:      10.76

 Balance sheet grade:                2.4

 

 Balance sheet ratios 01.01.2011 - 31.12.2011

 Equity ratio [%]:                 20.02

 Liquidity ratio:                   0.79

 Return on total capital [%]:      -0.76

 Balance sheet grade:                3.5

 

 Balance sheet ratios 01.01.2010 - 31.12.2010

 Equity ratio [%]:                 25.13

 Liquidity ratio:                   0.92

 Return on total capital [%]:       1.75

 Balance sheet grade:                3.1

 

 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          4,504,914.14

  Fixed assets                           EUR            108,840.17

   Intangible assets                     EUR             10,635.00

   Tangible assets                       EUR             97,385.50

   Financial assets                      EUR                819.67

    Other / unspecified financial assets EUR                819.67

  Current assets                         EUR          4,324,039.38

   Stocks                                EUR          1,744,297.41

   Accounts receivable                   EUR          1,593,573.44

   Liquid means                          EUR            986,168.53

  Remaining other assets                 EUR             72,034.59

   Accruals (assets)                     EUR             11,145.01

   Deferred taxes (assets)               EUR             60,889.58

 

 LIABILITIES                             EUR          4,504,914.14

  Shareholders' equity                   EUR          1,854,864.31

   Capital                               EUR             50,000.00

    Subscribed capital (share capital)   EUR             50,000.00

   Reserves                              EUR             52,639.11

    Retained earnings / revenue reserves EUR             52,639.11

   Balance sheet profit/loss (+/-)       EUR          1,752,225.20

    Profit / loss brought forward        EUR          1,188,001.59

    Annual surplus / annual deficit      EUR            564,223.61

  Provisions                             EUR            562,755.65

  Liabilities                            EUR          2,082,814.24

  Other liabilities                      EUR              4,479.94

   Deferred taxes (not included under

   provisions/liabilities)               EUR              4,479.94

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2012 - 31.12.2012

 

 ASSETS                                  EUR          3,984,526.88

  Fixed assets                           EUR            141,802.17

   Intangible assets                     EUR             33,011.00

   Tangible assets                       EUR            107,971.50

   Financial assets                      EUR                819.67

    Other / unspecified financial assets EUR                819.67

  Current assets                         EUR          3,774,260.44

   Stocks                                EUR          1,503,209.43

   Accounts receivable                   EUR          2,245,181.75

   Liquid means                          EUR             25,869.26

  Remaining other assets                 EUR             68,464.27

   Accruals (assets)                     EUR             10,055.63

   Deferred taxes (assets)               EUR             58,408.64

 

 LIABILITIES                             EUR          3,984,526.88

  Shareholders' equity                   EUR          1,290,640.70

   Capital                               EUR             50,000.00

    Subscribed capital (share capital)   EUR             50,000.00

   Reserves                              EUR             52,639.11

    Retained earnings / revenue reserves EUR             52,639.11

   Balance sheet profit/loss (+/-)       EUR          1,188,001.59

    Profit / loss brought forward        EUR            767,238.55

    Annual surplus / annual deficit      EUR            420,763.04

  Provisions                             EUR            528,774.24

  Liabilities                            EUR          2,150,295.97

  Other liabilities                      EUR             14,815.97

   Deferred taxes (not included under

   provisions/liabilities)               EUR             14,815.97

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.61.50

UK Pound

1

Rs.92.16

Euro

1

Rs.69.62

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

ANK

 


 

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%)

 

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.