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Report No. : |
326206 |
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Report Date : |
05.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
DR. MACH GMBH & CO. KG |
|
|
|
|
Registered Office : |
Floßmannstr. 28, D 85560 Ebersberg |
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|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2013 |
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|
|
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Year of Establishment : |
1947 |
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|
|
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Com. Reg. No.: |
HRA 42412 |
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Legal Form : |
Ltd partnership with priv. ltd. company as general partner |
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|
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Line of Business : |
Manufacutre of Technical Instruments and
Supplies for Medical Purposes n.e.c. |
|
|
|
|
No. of Employees : |
78 |
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 |
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|
|
|
Payment Behaviour : |
No Complaints |
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|
|
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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, 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 |
DR.
MACH GMBH & CO. KG
Company Status: active
Floßmannstr. 28
D 85560 Ebersberg
Telephone:08092/20930
Telefax: 08092/209350
Homepage: www.dr-mach.de
E-mail: info@dr-mach.de
DE127913883
Business relations are permissible.
LEGAL FORM Ltd
partnership with priv. ltd. company as general partner
Date of foundation: 1947
Registered on: 08.04.1971
Register of
companies: Local
court 80333 München
under: HRA
42412
EUR 62,888.90
Limited partner:
Annette Kemper
Oberes Vocherl 4
D 82327 Tutzing
born: 03.10.1952
née: Dufter
Share: EUR 31,444.45
Limited partner:
Dagmar Dufter-Ananou SARL
Registre du Commerce et des So
ciétés Strasbourg
Nr.514054683
F - Eckbolsheim
Legal form: Other legal
form
Share: EUR 31,444.45
General partner:
Hans Dufter Gesellschaft
mit beschränkter
Haftung
Floßmannstr. 28
D 85560 Ebersberg
Legal form: Private
limited company
Share capital: EUR 25,564.60
Registered on: 28.10.1998
Reg. data: 80333 München,
HRB 43098
Shareholder:
Dagmar Dufter-Ananou
Rue Ch. Baudelaire 1
F 67370 Griesheim s.
Souffel
born: 14.06.1956
née: Dufter
Share: EUR 12,782.30
Shareholder:
Annette Kemper
Oberes Vocherl 4
D 82327 Tutzing
born: 03.10.1952
née: Dufter
Share: EUR 12,782.30
Manager:
Dr. Hans-Jörg Kemper
Oberes Vocherl 4
D 82327 Tutzing
authorized to jointly
represent the company
born: 28.12.1947
Profession: Businessman
Proxy:
Gerhard Fischer
Platanenweg 3
D 85609 Aschheim
authorized to jointly
represent the company
born: 21.07.1969
Proxy:
Alfred Brack
D 85560 Ebersberg
authorized to jointly
represent the company
born: 12.08.1958
Proxy:
Rainer Adams
D 85567 Grafing
authorized to jointly represent
the company
born: 06.09.1967
08.04.1971 - 16.04.2014 Dr. Mach - GmbH & Co. KG
Floßmannstr. 28
D 85560 Ebersberg
Ltd partnership with
priv. ltd. company
as general partner
Main industrial sector
32501
Manufacutre of technical instruments and supplies for medical
purposesn.e.c.
Branch:
Dr. Mach GmbH & Co. KG
Anzinger Str. 12
D 85560 Ebersberg
TEL.: 08092/2093-20
FAX.: 08092/2093-60
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2013
Type of ownership: Tenant
Address Floßmannstr. 28
D 85560 Ebersberg
Land register documents were not available.
KREISSPARKASSE MÜNCHEN STARNBERG EBERSBERG,
85554 EBERSBERG,
OBERBAY
Sort. code: 70051805
BIC: BYLADEM1EBE
UNICREDIT BANK - HYPOVEREINSBANK, 85553
EBERSBERG, OBERBAY
Sort. code: 70020270
BIC: HYVEDEMMXXX
Gross
profit or loss:2013
EUR 13,914,981.00
Profit: 2013 EUR 5,254,575.00
Equipment: EUR 532,890.00
Ac/ts receivable: EUR 2,297,500.00
Liabilities: EUR 16,373,513.00
Total numbers of vehicles: 5
-
Lorries:
1
-
Passenger cars:
1
Employees:
78
-
thereof permanent staff: 73
-
Trainees:
5
Balance
sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 88.87
Liquidity ratio: 10.00
Return on total capital [%]: 29.10
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 85.83
Liquidity ratio: 10.00
Return on total capital [%]: 35.84
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 81.05
Liquidity ratio: 10.00
Return on total capital [%]: 43.05
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 78.85
Liquidity ratio: 10.00
Return on total capital [%]: 39.28
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 18,065,596.89
Fixed assets
EUR 785,597.58
Intangible assets
EUR 22,874.00
Tangible assets
EUR 762,723.58
Plant / machinery
EUR 174,284.00
Other tangible assets / fixtures and
fittings
EUR 532,890.00
Advance payments made / construction
in progress
EUR 55,549.58
Current assets EUR 17,279,999.31
Stocks
EUR 4,507,460.05
Accounts receivable
EUR 2,297,499.71
Liquid means
EUR 10,475,039.55
LIABILITIES EUR 18,065,596.89
Shareholders' equity
EUR 345,491.03
Capital
EUR 345,491.03
Provisions
EUR 1,346,593.00
Liabilities
EUR 16,373,512.86
Financial debts
EUR 191,224.61
Liabilities due to banks
EUR 191,224.61
Other liabilities
EUR 16,182,288.25
Liabilities due to shareholders
EUR 15,710,539.53
Unspecified other liabilities
EUR 471,748.72
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-) EUR 13,914,980.62
Staff expenses
EUR 4,584,992.92
Wages and salaries
EUR 3,946,918.11
Social security contributions and
expenses for pension plans and
benefits
EUR 638,074.81
Total depreciation
EUR 197,397.95
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 197,397.95
Other operating expenses
EUR 2,421,063.02
Operating result from continuing
operations
EUR 6,711,526.73
Interest result (+/-)
EUR -607,882.16
Interest
and similar income EUR 51,276.66
Interest and similar expenses
EUR 659,158.82
Financial result (+/-)
EUR -607,882.16
Result from ordinary operations (+/-)
EUR 6,103,644.57
Income tax / refund of income tax (+/-)EUR -847,206.60
Other taxes / refund of taxes
EUR -1,863.00
Tax
(+/-)
EUR -849,069.60
Annual surplus / annual deficit
EUR 5,254,574.97
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 17,931,566.96
Fixed assets
EUR 811,171.00
Intangible assets
EUR 24,659.00
Tangible assets
EUR 786,512.00
Plant / machinery
EUR 202,007.00
Other tangible assets / fixtures and
fittings EUR 584,505.00
Current assets
EUR 17,117,583.46
Stocks
EUR 4,386,204.43
Accounts receivable
EUR 2,391,437.42
Liquid means
EUR 10,339,941.61
Remaining other assets
EUR 2,812.50
Accruals (assets)
EUR 2,812.50
LIABILITIES EUR 17,931,566.96
Shareholders' equity
EUR 301,686.59
Capital
EUR 301,686.59
Provisions
EUR 1,480,019.00
Liabilities EUR 16,149,861.37
Financial debts
EUR 3,790.02
Liabilities due to banks
EUR 3,790.02
Other liabilities
EUR 16,146,071.35
Liabilities due to shareholders
EUR 15,091,525.87
Unspecified other liabilities
EUR 1,054,545.48
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 14,764,359.16
Staff expenses
EUR 4,406,961.46
Wages and salaries
EUR 3,788,319.12
Social security contributions and
expenses for pension plans and
benefits EUR 618,642.34
Total depreciation
EUR 220,900.06
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 220,900.06
Other operating expenses
EUR 2,411,782.15
Operating result from continuing
operations
EUR 7,724,715.49
Interest result (+/-)
EUR -433,293.95
Interest and similar income EUR 74,059.48
Interest and similar expenses
EUR 507,353.43
Financial result (+/-)
EUR -433,293.95
Result from ordinary operations (+/-)
EUR 7,291,421.54
Income tax / refund of income tax (+/-)EUR -866,287.00
Other taxes / refund of taxes
EUR -2,009.00
Tax
(+/-)
EUR -868,296.00
Annual surplus / annual deficit
EUR 6,423,125.54
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.18 |
|
|
1 |
Rs.98.30 |
|
Euro |
1 |
Rs.72.25 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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 |
|
|
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.