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Report No. : |
326796 |
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Report Date : |
09.06.2015 |
IDENTIFICATION DETAILS
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Name : |
TRITEC GESELLSCHAFT FÜR LABORTECHNIK UND UMWELTSIMULATION MIT
BESCHRÄNKTER HAFTUNG |
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Registered Office : |
Hüttenstr. 9, D 30165 Hannover |
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Country : |
Germany |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
14.12.1983 |
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Com. Reg. No.: |
HRB 1535 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
· Wholesale of Medical and Orthopedic Goods, Dental and Laboratory Supplies. · Renting and Leasing of Other Machinery, Equipment and Tangible Goods n. e. c. |
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No. of Employees : |
7 |
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 : |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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.
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Source
: CIA |
TRITEC GESELLSCHAFT FÜR LABORTECHNIK UND UMWELTSIMULATION MIT
BESCHRÄNKTER HAFTUNG
Company Status: Active
Hüttenstr. 9
D 30165 Hannover
Telephone:0511/3523508
Telefax:
0511/3521715
Homepage: www.tritec-klima.de
E-mail: info@tritec-klima.de
DE115664881
LEGAL FORM Private
limited company
Date of foundation: 14.12.1983
Shareholders'
agreement: 14.12.1983
Registered on: 08.03.1984
Commercial Register: Local court 30175 Hannover
under: HRB
1535
EUR
82,000.00
Shareholder:
Dieter Trittel
D 30165 Hannover
born: 10.01.1948
Share: EUR 73,800.00
Shareholder:
Birgitt Barck
Schäferdamm 14
D 30823 Garbsen
born: 03.08.1967
Share: EUR 8,200.00
Manager:
Dieter Trittel
D 30165 Hannover
having sole power of
representation
born: 10.01.1948
Profession: Engineer
Proxy:
Birgitt Barck
Schäferdamm 14
D 30823 Garbsen
having sole power of
representation
born: 03.08.1967
Main industrial sector
46462
Wholesale of medical and orthopedic goods, dental and laboratory
supplies
77390
Renting and leasing of other machinery, equipment and tangible goods n.
e. c.
Payment experience: within periods customary in this trade
Negative information:We have no negative
information at hand.
Balance sheet year: 2014
Type of ownership: Tenant
Address Hüttenstr.
9
D 30165 Hannover
Land register documents were not available.
POSTBANK, 30139 HANNOVER
Sort. code: 25010030
BIC: PBNKDEFFXXX
HANNOVERSCHE VOLKSBANK, 30159 HANNOVER
Sort. code: 25190001
BIC: VOHADE2HXXX
Turnover:
2014 *EUR 1,277,500.00
Profit:
2013 EUR -77,705.00
further business figures:
Ac/ts receivable: EUR 49,216.00
Liabilities: EUR 143,247.00
Employees:
7
The business figures marked with an asterisk are
estimates based on average values in the line of business.
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 21.84
Liquidity ratio: 0.63
Return on total capital [%]: 5.68
Balance sheet ratios 01.01.2013 - 31.12.2013(1)
Equity ratio [%]: 28.22
Liquidity ratio: 0.85
Return on total capital [%]: -56.08
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 35.85
Liquidity ratio: 0.99
Return on total capital [%]: 4.90
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 69.54
Liquidity ratio: 10.00
Return on total capital [%]: 1.57
(1) The depth of balance sheet suggests that
the company, as a
so-called micro-entity in accordance with art.
267a German
Commercial Code, has availed itself of the
facilitations of the
German Micro-Entities Amending Account Law
(MicBilG) This is why
it is possible that the resultant reduction of
the depth of
presentation in the annual accounts may entail
deviating
calculation methods of the respective balance
sheet ratios and
thus to an altered Solvency Rating [NG] and/or
balance sheet
grade.
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:
01.01.2014 - 31.12.2014
ASSETS EUR 192,029.00
Fixed
assets EUR 40,526.00
Intangible
assets EUR 9,840.00
Tangible
assets EUR 30,533.00
Financial
assets EUR 153.00
Other /
unspecified financial assets EUR
153.00
Current
assets EUR 150,972.00
Stocks EUR 36,492.00
Accounts
receivable EUR 49,216.00
Liquid
means EUR 65,264.00
Remaining
other assets EUR 531.00
Accruals
(assets) EUR 531.00
LIABILITIES EUR 192,029.00
Shareholders'
equity EUR 45,782.00
Capital EUR 82,000.00
Subscribed
capital (share capital) EUR 82,000.00
Balance
sheet profit/loss (+/-) EUR -36,218.00
Profit /
loss brought forward EUR -36,218.00
Provisions EUR 3,000.00
Liabilities EUR 143,247.00
Type of balance
sheet:
micro balance sheet
Financial year:
01.01.2013 - 31.12.2013 (2)
ASSETS EUR 185,421.31
Fixed
assets EUR 51,137.39
Current
assets EUR 81,892.40
Remaining
other assets EUR 52,391.52
Accruals
(assets) EUR 5,542.92
Deficit not
covered by shareholders'
equity EUR 46,848.60
LIABILITIES EUR 185,421.31
Provisions EUR 3,000.00
Liabilities EUR 182,421.31
(2) The abbreviated depth of presentation of
the annual accounts may be atributed to application of regulations within the
German Micro-Entities Amending Accounting Law.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
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US Dollar |
1 |
Rs.64.11 |
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|
1 |
Rs.97.84 |
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Euro |
1 |
Rs.71.12 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
NIT |
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.