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Report No. : |
332628 |
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Report Date : |
23.07.2015 |
IDENTIFICATION DETAILS
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Name : |
CONTRINEX SENSOR GMBH |
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Registered Office : |
Gutenbergstr. 18, D 70771
Leinfelden-Echterdingen |
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Country : |
Germany |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
15.03.2013 |
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Com. Reg. No.: |
HRB 753339 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Agents involved in the sale of electrotechnical and electronical
products n.e.c. ·
Wholesale of electronic and telecommunications equipment and
parts ·
Wholesale of other equipment and accessories for
machinery and technical supplies |
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|
|
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No. of Employees : |
6 |
RATING & COMMENTS
|
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 : |
Slow but correct |
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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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
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.
|
Source
: CIA |
CONTRINEX
SENSOR GMBH
Company Status: active
Gutenbergstr. 18
D 70771
Leinfelden-Echterdingen
Telephone:02151/65049-0
Telefax: 02151/65049-10
Homepage: www.contrinex.de
E-mail: info@contrinex.de
DE815424168
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 15.03.2013
Shareholders'
agreement: 15.03.2013
Registered on: 16.07.2015
Commercial Register: Local court 70190 Stuttgart
under: HRB
753339
EUR 25,000.00
Shareholder:
Contrinex S.A.
CH-217.0.132.200-9
Route André-Piller 50
CH 1762 Givisiez
Legal form: Other legal
form
Share: EUR 25,000.00
Manager:
Oliver Schleicher
D 76467 Bietigheim
having sole power of
representation
born: 22.05.1966
Manager:
Klaus Böhmer
CH Gurmels
having sole power of
representation
born: 28.02.1966
Nationality:
Swiss
10.04.2013 - 03.09.2014 Contrinex Sensor GmbH
Lötscher Weg 104
D 41334 Nettetal
Private limited
company
03.09.2014 - 16.07.2015 Contrinex Sensor GmbH
Forstwaldstr. 357
D 47804 Krefeld
Private limited
company
15.04.2013 - 20.11.2014 Manager
Annette
Liggenstorfer-Heimlicher
CH Thalwil
15.04.2013 - 20.11.2014 Manager
Andrew Whitlow
CH Forel
Main
industrial sector
46149
Agents involved in the sale of electrotechnical and electronical
products n.e.c.
4652
Wholesale of electronic and telecommunications equipment and parts
46693
Wholesale of other equipment and accessories for machinery and technical
supplies
Payment experience: within periods customary in this trade
Negative information:We have no negative
information at hand.
Balance sheet year: 2013
Type of ownership: Tenant
Address Gutenbergstr.
18
D
70771 Leinfelden-Echterdingen
Land register documents were not available.
COMMERZBANK VORMALS DRESDNER BANK, 41004
MÖNCHENGLADBACH
Sort. code: 31080015
BIC: DRESDEFF310
Turnover: 2014 *EUR 940,000.00
Ac/ts receivable: EUR 397,639.00
Liabilities: EUR 1,469,968.00
Employees:
6
The
business figures marked with an asterisk are estimates based
on
average values in the line of business.
Balance
sheet ratios 15.03.2013 - 31.12.2013
Equity ratio [%]: 71.58
Liquidity ratio: 10.00
Return
on total capital [%]: -88.89
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: 15.03.2013 - 31.12.2013
ASSETS EUR 1,478,068.04
Fixed assets
EUR 33,273.00
Intangible assets
EUR 353.00
Tangible assets
EUR 32,920.00
Current assets
EUR 753,440.96
Stocks
EUR 168,322.27
Accounts receivable
EUR 397,639.03
Liquid means
EUR 187,479.66
Remaining other assets
EUR 691,354.08
Accruals (assets)
EUR 9,106.76
Deficit not covered by shareholders'
equity
EUR 682,247.32
LIABILITIES EUR 1,478,068.04
Shareholders' equity
EUR 0.00
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR -707,247.32
Profit / loss brought forward
EUR -707,247.32
Other shareholders' equity (+/-)
EUR 682,247.32
Deficit not covered by shareholders'
equity
EUR 682,247.32
Provisions
EUR 8,100.00
Liabilities
EUR 1,469,968.04
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.53 |
|
|
1 |
Rs.99.19 |
|
Euro |
1 |
Rs.69.60 |
INFORMATION DETAILS
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Analysis Done by
: |
KIN |
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|
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|
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 |
|
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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 |
|
|
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 |
|
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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 |
|
|
<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.