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Report No. : |
329673 |
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Report Date : |
03.07.2015 |
IDENTIFICATION DETAILS
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Name : |
GENSER SCIENTIFIC INSTRUMENTS E.K. |
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Registered Office : |
Schweinsdorfer Str. 38, D 91541 Rothenburg |
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Country : |
Germany |
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Date of Incorporation : |
15.05.1965 |
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Com. Reg. No.: |
HRA 2687 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
·
Manufacture of other special-purpose
machinery n.e.c. ·
Wholesale of medical and orthopedic
goods, dental and laboratory supplies ·
Wholesale of other machinery, equipment
and supplies |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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.
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Source
: CIA |
GENSER SCIENTIFIC INSTRUMENTS E.K.
Company Status: active
Schweinsdorfer Str. 38
D 91541 Rothenburg
Telephone:09861/4632
Telefax:
09861/6432
Homepage: www.genser.de
E-mail:
info@rotationsverdampfer.com
VAT
no.: DE133722325
Business relations are permissible.
LEGAL
FORM Sole proprietorship
Date of foundation: 15.05.1965
Registered on: 24.05.2000
Register of
companies: Local court 91522 Ansbach
under: HRA 2687
Proprietor:
Hans-Georg Genser
Schweinsdorfer Str. 40
D 91541 Rothenburg
born: 08.01.1954
Profession: Businessman
15.05.1965 - 31.12.1998 Fritz Genser
Schweinsdorfer Str.
40
D 91541 Rothenburg
Unregistered
commercial enterprise
01.01.1999 - 14.02.2007 Hans-Georg Genser
Schweinsdorfer Str.
40
D 91541 Rothenburg
Unregistered
commercial enterprise
Main industrial sector
28990
Manufacture of other special-purpose machinery n.e.c.
46462
Wholesale of medical and orthopedic goods, dental and laboratory supplies
4669
Wholesale of other machinery, equipment and supplies
Payment experience: Unknown
Negative information:We have no negative
information at hand.
Type of ownership: Tenant
Address Schweinsdorfer Str. 38
D 91541 Rothenburg
Land register documents were not available.
VR-BANK ROTHENBURG, 91535 ROTHENBURG OB DER
TAUBER
Sort. code: 76069601
BIC: GENODEF1RT2
UNICREDIT BANK - HYPOVEREINSBANK, 91533
ROTHENBURG OB DER TAUBER
Sort.
code: 76520071
BIC: HYVEDEMM406
Financial year: 01.01. - 31.12.
The number of employees is not known.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.57 |
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|
1 |
Rs.99.20 |
|
Euro |
1 |
Rs.70.35 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
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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.