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Report No. : |
334502 |
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Report Date : |
31.07.2015 |
IDENTIFICATION DETAILS
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Name : |
LAR PROCESS ANALYSERS AG |
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Registered Office : |
Neuköllnische Allee 134, D 12057 Berlin |
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Country : |
Germany |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
29.04.2004 |
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Com. Reg. No.: |
HRB 92809 B |
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Legal Form : |
Public Limited Company |
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Line of Business : |
·
Manufacture
of instruments and appliances for measuring, testing and navigation · Wholesale of other machinery, equipment and supplies |
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No. of Employees : |
70 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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) |
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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 5.3% 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. 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 accounts for 34% of total energy consumption, 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.
|
Source
: CIA |
LAR PROCESS ANALYSERS AG
Company Status: active
Neuköllnische Allee 134
D 12057 Berlin
Telephone:030/278958-0
Telefax:
030/278958-707
Homepage: www.lar.com
E-mail: vorstand@lar.com
VAT
no.: DE814131484
Tax
ID number: 37/134/20892
Business relations are permissible.
LEGAL FORM Public limited company
Date of foundation: 29.04.2004
Begin of business
activities: 01.11.2004
Registered on: 21.05.2004
Commercial Register: Local court 14057 Berlin
under: HRB 92809 B
Share capital: EUR 755,000.00
President of the Board of Directors:
Dr. Werner Arts
Berchtesgadener Str.
18-19
D 10825 Berlin
having sole power of
representation
born: 29.01.1952
Profession: graduate
engineer
Marital status: married
Member of the Board of Directors:
Oliver Rothe
Große Wiese 10
D 33803 Steinhagen
having sole power of
representation
born: 02.07.1973
Profession: Fully
qualified geographer
Marital status: unknown
President of the Supervisory Board:
Werner Pelz
D 12057 Berlin
Profession: advisor
Member of the Supervisory Board:
Michael Lee Pliner
USA -- Wonder Lake
Profession: Chemical
ingineer
Member of the Supervisory Board:
Olivia Arts
D 12057 Berlin
Profession: Bachelor of
Engineering
Proxy:
Elke Arts-Augele
Berchtesgadener Str. 18
D 10825 Berlin
having sole power of representation
born: 15.12.1954
Proxy:
Wolfgang Genthe
Gardes-du-Corps-Str. 14
D 14059 Berlin
authorized to jointly
represent the company
born: 29.11.1952
Further functions/participations of Oliver
Rothe (Member of the
Board of Directors)
Shareholder:
Solar Berlin tf UG
(haftungsbeschränkt)
Homeyerstr. 3
D 13156 Berlin
Legal form: Entrepreneur
Company (limited
liability)
Share capital: EUR 40.00
Share: EUR 10.00
Registered
on: 23.07.2012
Reg. data: 14057 Berlin, HRB 143334 B
Shareholder:
Abwicklungsgesellschaft
Inventux
Technologies AG
Wolfener Str. 23
D 12681 Berlin
Legal form: Public
limited company insolvent
Share capital: EUR 639,223.00
Share: 7.020 %
Registered
on: 07.05.2008
Reg. data: 14057 Berlin, HRB 113366 B
Member of the Board of Directors:
Abwicklungsgesellschaft
Inventux
Technologies AG
Wolfener Str. 23
D 12681 Berlin
Legal form: Public
limited company insolvent
Share capital: EUR 639,223.00
Registered
on: 07.05.2008
Reg. data: 14057 Berlin, HRB 113366 B
21.05.2004 - 02.11.2004 norus 7. AG
Matterhornstr. 102
D 14129 Berlin
Public limited
company
03.11.2004 - 04.11.2004 norus 7. AG
Adalbertstr. 37-38
D 10179 Berlin
Public limited
company
05.11.2004 - 07.12.2007 LAR Process Analysers AG
Adalbertstr. 37-38
D 10179 Berlin
Public limited
company
Main industrial sector
26511
Manufacture of instruments and appliances for measuring, testing and
navigation
Secondary industrial sector
4669
Wholesale of other machinery, equipment and supplies
Payment experience: within agreed terms
Negative information: We have no negative
information at hand.
Type of ownership: Tenant
Address Neuköllnische Allee 134
D 12057 Berlin
Real Estate of: Oliver Rothe
Type of ownership: Tenant
Address V. Stauffenberg-Str. 4a
D 33803 Steinhagen
Land register documents were not available.
COMMERZBANK VORMALS DRESDNER BANK FILIALE
BERLIN II, 10623 BERLIN
Sort. code: 12080000, Account no.: 4050623000
BIC: DRESDEFF120, IBAN: DE25120800004050623000
LANDESBANK BADEN-WÜRTTEMBERG/BADEN-WÜRTTEMBERGISCHE
BANK, 70144
STUTTGART
Sort. code: 60050101, Account no.: 7471516047
BIC: SOLADEST600, IBAN: DE59600501017471516047
Turnover: 2013 EUR 8,131,000.00
2014
EUR 8,500,000.00
Profit: 2013 EUR 2,160,210.00
further business figures:
Ac/ts receivable: EUR
2,203,242.00
Liabilities: EUR 1,911,619.00
Total numbers of vehicles: 11
-
Passenger cars: 11
Employees:
70
-
Trainees:
11
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 50.30
Liquidity ratio: 1.56
Return on total capital [%]: 4.88
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 54.80
Liquidity ratio: 1.50
Return on total capital [%]: 0.96
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 46.62
Liquidity ratio: 1.64
Return on total capital [%]: 12.26
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 41.32
Liquidity ratio: 1.57
Return on total capital [%]: 3.74
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 4,464,125.98
Fixed assets
EUR 468,142.95
Intangible assets
EUR 77,339.46
Tangible assets EUR 232,610.36
Financial assets
EUR 158,193.13
Other / unspecified financial assets EUR 158,193.13
Current assets
EUR 3,950,418.09
Stocks EUR 1,250,196.48
Accounts receivable
EUR 2,203,241.61
Liquid means
EUR 496,980.00
Remaining other assets
EUR 45,564.94
Accruals (assets) EUR 45,564.94
LIABILITIES EUR 4,464,125.98
Shareholders' equity
EUR 2,253,218.65
Capital
EUR 755,000.00
Subscribed capital (share capital)
EUR 755,000.00
Reserves
EUR 1,336,202.67
Capital reserves
EUR 240,430.43
Retained earnings / revenue reserves EUR 1,095,772.24
Balance sheet profit/loss (+/-)
EUR 162,015.98
Balance sheet profit / loss
EUR 162,015.98
Items between shareholders' equity and
debt capital
EUR 22,764.09
Allowances / bonuses
EUR 22,764.09
Provisions
EUR 252,500.00
Liabilities
EUR 1,911,618.79
Other liabilities
EUR 24,024.45
Deferrals (liabilities)
EUR 24,024.45
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 3,694,660.41
Fixed assets
EUR 386,863.58
Intangible assets
EUR 79,916.81
Tangible assets
EUR 148,753.64
Financial assets
EUR 158,193.13
Current assets
EUR 3,280,195.18
Stocks
EUR 1,202,210.54
Accounts receivable
EUR 2,018,309.14
Liquid means EUR 59,675.50
Remaining other assets
EUR 27,601.65
Accruals (assets)
EUR 27,601.65
LIABILITIES EUR 3,694,660.41
Shareholders' equity
EUR 2,037,197.34
Capital
EUR 755,000.00
Subscribed capital (share capital)
EUR 755,000.00
Reserves
EUR 1,255,875.86
Capital
reserves EUR 240,430.43
Retained earnings / revenue reserves EUR 1,015,445.43
Balance sheet profit/loss (+/-)
EUR 26,321.48
Balance sheet profit / loss
EUR 26,321.48
Items between shareholders' equity and
debt capital
EUR 11,142.28
Allowances / bonuses
EUR 11,142.28
Provisions
EUR 224,101.65
Liabilities EUR 1,405,764.02
Other liabilities
EUR 0.00
Unspecified other liabilities
EUR 0.00
thereof liabilities from tax /
financial authorities
EUR 131,971.54
thereof liabilities from social
security
EUR 42,521.34
Other liabilities
EUR 16,455.12
Deferrals (liabilities)
EUR 16,455.12
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.00 |
|
|
1 |
Rs.99.83 |
|
Euro |
1 |
Rs.70.07 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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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.