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Report No. : |
328519 |
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Report Date : |
27.06.2015 |
IDENTIFICATION DETAILS
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Name : |
ATLANTIC ZEISER GMBH |
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Registered Office : |
Bogenstr. 6-8 D 78576 Emmingen-Liptingen |
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Country : |
Germany |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
15.04.1991 |
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Com. Reg. No.: |
HRB 450657 |
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Legal Form : |
Private limited company |
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Line of Business : |
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No. of Employee : |
270 |
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 : |
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 |
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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.
|
Source
: CIA |
ATLANTIC
ZEISER GmbH
Company Status: active
Bogenstr.
6-8
D 78576 Emmingen-Liptingen
Telephone:07465/291-0
Telefax: 07465/291-166
Homepage:
www.atlanticzeiser.com
E-mail: sales@atlanticzeiser.com
VAT no.: DE142933440
Business relations are
permissible.
LEGAL FORM Private
limited company
Date of foundation: 1991
Registered on: 15.04.1991
Commercial Register: Local court 70190 Stuttgart
under: HRB
450657
EUR 869,300.00
Shareholder:
Orell Füssli
Holding AG
Dietzingerstr. 3
CH 8036
Zürich
Legal form:
Other legal form
Share: EUR 869,300.00
Manager:
Manfred
Minich
D 72622
Nürtingen
born:
14.01.1958
Manager:
Thomas Obitz
D 78234 Engen
born:
13.03.1972
Proxy:
Thorsten
Tritschler
Hohenhewenstr. 18
D 78576
Emmingen-Liptingen
authorized
to jointly represent the company
born: 08.09.1964
Proxy:
Karl-Heinz
Wohlfahrt
D 78351
Bodman-Ludwigshafen
authorized
to jointly represent the company
born:
03.03.1963
Further functions/participations
of Thomas Obitz (Manager)
Proprietor:
Thomas Opitz
Laborfachhandel
Hanferstr.
13
D 79108
Freiburg
Legal form:
Unregistered commercial
enterprise
15.04.1991 - 01.02.1999 Zeiser Holding GmbH
Bogenstr. 6-8
D 78576
Emmingen-Liptingen
Private
limited company
09.09.2011 - 26.02.2014 Manager
Michel
Kunz
CH
Schüpfen
Main industrial sector
1812 Other printing
2899 Manufacture of other special-purpose
machinery n.e.c.
4618 Agents involved in the
sale of other goods
46520 Wholesale of electronic
and telecommunications equipment
and parts
Shareholder:
SOFHA GmbH
Gesellschaft für Soft- und
Hardware
Gustav-Meyer-Allee 25
D 13355
Berlin
Legal form:
Private limited company
Company
Status: active
Share
capital: EUR 281,250.00
Share: EUR 210,656.00
Reg.
data: 10.03.1982
Local court 14057 Berlin
HRB 19205 B
Shareholder:
Tritron GmbH
Bahnhofstr.
26
D 35088
Battenberg
Legal form:
Private limited company
Company
Status: active
Share
capital: EUR 200,000.00
Share: EUR 102,000.00
Reg.
data: 13.11.1995
Local court 35037 Marburg
HRB 4048
Payment experience: within agreed
terms
Negative information:We have no
negative information at hand.
Balance sheet year: 2013
Type of ownership: proprietor
Share: 100.00 %
Address Bogenstr. 6 - 8
D 78576
Emmingen-Liptingen
Type of ownership: Tenant
Address Bogenstr. 6-8
D 78576
Emmingen-Liptingen
Land register documents were not
available.
Principal bank
BADEN-WÜRTTEMBERGISCHE
BANK/LANDESBANK BADEN-WÜRTTEMBERG, 78224
SINGEN (HOHENTWIEL)
Sort. code: 60050101
BIC: SOLADEST600
Further bank
VOLKSBANK DONAU-NECKAR, 78513
TUTTLINGEN
Sort. code: 64390130
BIC: GENODES1TUT
Turnover: 2013 EUR 43,690,733.00
2014 EUR 67,000,000.00
Expected turnover: EUR 70,000,000.00
Profit: 2013 EUR 270,541.00
further business figures:
Equipment: EUR 1,703,900.00
Ac/ts receivable: EUR 10,789,132.00
Liabilities: EUR 38,583,683.00
Employees: 270
- thereof permanent
staff:
120
- Trainees:
13
Balance sheet ratios
01.01.2013 - 31.12.2013
Equity ratio [%]: 60.68
Liquidity ratio: 0.76
Return on total capital
[%]: 0.55
Balance sheet ratios
01.01.2012 - 31.12.2012
Equity ratio [%]: 16.19
Liquidity ratio: 0.34
Return on total capital
[%]: -2.15
Balance sheet ratios
01.01.2011 - 31.12.2011
Equity ratio [%]: 55.18
Liquidity ratio: 0.67
Return on total capital
[%]: -13.76
Balance sheet ratios
01.01.2010 - 31.12.2010
Equity ratio [%]: 64.11
Liquidity ratio: 0.75
Return on total capital
[%]: -9.84
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 49,100,241.65
Fixed assets EUR 19,694,874.19
Intangible assets EUR 266,236.70
Concessions, licences,
rights EUR 266,235.70
Goodwill EUR 1.00
Tangible assets EUR 5,100,386.02
Land / similar
rights EUR 1,654,618.96
Plant / machinery EUR 1,736,635.94
Other tangible assets /
fixtures and
fittings EUR 1,703,899.62
Advance payments made /
construction
in progress EUR 5,231.50
Financial assets EUR 14,328,251.47
Shares in participations
/
subsidiaries and the
like EUR
14,328,251.47
Shares in related
companies EUR 14,328,251.47
Current assets EUR 28,937,658.57
Stocks EUR 15,173,041.24
Raw materials, consumables
and
supplies EUR 3,471,345.00
Finished goods / work in
progress EUR 11,380,870.00
Advance payments
made EUR 320,826.24
Accounts receivable EUR 10,789,132.47
Trade debtors EUR 5,803,449.46
Amounts due from related
companies EUR 2,841,077.56
Other debtors and
assets EUR 2,144,605.45
Liquid means EUR 2,975,484.86
Remaining other
assets EUR 467,708.89
Accruals (assets) EUR 467,708.89
LIABILITIES EUR 49,100,241.65
Shareholders' equity EUR 8,294,228.17
Capital EUR 869,300.00
Subscribed capital
(share capital) EUR 869,300.00
Reserves EUR 15,929,221.29
Capital reserves EUR 15,918,885.29
Retained earnings /
revenue reserves EUR
10,336.00
Balance sheet profit/loss
(+/-) EUR -8,504,293.12
Balance sheet profit /
loss EUR -8,504,293.12
Provisions EUR 2,222,330.29
Pension provisions and
comparable
provisions EUR 48,449.00
Other / unspecified
provisions EUR 2,173,881.29
Liabilities EUR 38,583,683.19
Financial debts EUR 6,990,130.70
Liabilities due to
banks EUR 6,990,130.70
Other liabilities EUR 31,593,552.49
Trade creditors (for IAS incl. bills
of exchange) EUR 2,532,174.76
Liabilities from
received advance
payments EUR 3,128,824.19
Liabililties due to
related companiesEUR
24,181,308.39
Unspecified other
liabilities EUR 1,751,245.15
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 43,690,732.71
Inventory change + own
costs (+/-) EUR 715,326.00
Inventory change
(+/-) EUR 715,326.00
Other operating
income EUR 358,855.55
Cost of materials EUR 18,085,992.86
Raw materials and
supplies, purchased
goods EUR 17,016,653.35
Purchased services EUR 1,069,339.51
Gross result (+/-) EUR 26,678,921.40
Staff expenses EUR 17,546,055.68
Wages and salaries EUR 14,959,446.28
Social security
contributions and
expenses for pension
plans and
benefits EUR 2,586,609.40
Total depreciation EUR 988,479.25
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 988,479.25
Other operating
expenses EUR 8,151,673.81
Operating result from
continuing
operations EUR -7,287.34
Result from participating
interests
(+/-) EUR 1,160,567.74
Expenses / income from participations
EUR 1,160,567.74
Income from related
companies EUR 1,160,567.74
Interest result (+/-) EUR -856,300.18
Interest and similar
income EUR 42,327.26
Interest and similar
expenses EUR 898,627.44
Financial result
(+/-) EUR 304,267.56
Result from ordinary
operations (+/-) EUR 296,980.22
Income tax / refund of
income tax (+/-)EUR 359.40
Other taxes / refund of
taxes EUR -26,798.86
Tax (+/-) EUR -26,439.46
Annual surplus / annual
deficit EUR 270,540.76
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 49,544,739.05
Fixed assets EUR 20,509,712.49
Intangible assets EUR 408,335.55
Concessions, licences, rights EUR 408,334.55
Goodwill EUR 1.00
Tangible assets EUR 5,773,125.47
Land / similar
rights EUR 1,722,009.96
Plant / machinery EUR 1,857,072.44
Other tangible assets /
fixtures and
fittings EUR 2,191,694.47
Advance payments made /
construction
in progress EUR 2,348.60
Financial assets EUR 14,328,251.47
Shares in participations
/
subsidiaries and the
like EUR 14,328,251.47
Shares in related
companies EUR 14,328,251.47
Current assets EUR 28,670,560.83
Stocks EUR 15,415,388.71
Raw materials,
consumables and
supplies EUR 4,672,483.00
Finished goods / work in
progress EUR 10,665,544.00
Advance payments
made EUR 77,361.71
Accounts receivable EUR 13,221,698.50
Trade debtors EUR 7,254,060.55
Amounts due from related
companies EUR 4,149,934.53
Other debtors and
assets EUR 1,817,703.42
Liquid means EUR 33,473.62
Remaining other
assets EUR 364,465.73
Accruals (assets) EUR 364,465.73
LIABILITIES EUR 49,544,739.05
Shareholders' equity EUR 8,023,687.41
Capital EUR 869,300.00
Subscribed capital
(share capital) EUR 869,300.00
Reserves EUR 15,929,221.29
Capital reserves EUR 15,918,885.29
Retained earnings /
revenue reserves EUR
10,336.00
Balance sheet profit/loss
(+/-) EUR -8,774,833.88
Balance sheet profit /
loss EUR -8,774,833.88
Provisions EUR 2,413,376.17
Pension provisions and
comparable
provisions EUR 50,974.00
Other / unspecified
provisions EUR 2,362,402.17
Liabilities EUR 39,107,675.47
Financial debts EUR 8,185,251.61
Liabilities due to
banks EUR 8,185,251.61
Other liabilities EUR 30,922,423.86
Trade creditors (for IAS
incl. bills
of exchange) EUR 2,681,030.48
Liabilities from
received advance
payments EUR 2,379,980.74
Liabililties due to
related companiesEUR
23,728,741.82
Unspecified other
liabilities EUR 2,132,670.82
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 44,233,142.76
Inventory change + own
costs (+/-) EUR -675,276.48
Inventory change
(+/-) EUR -1,186,665.00
Capitalised own
costs EUR 511,388.52
Other operating
income EUR 1,369,181.73
Cost of materials EUR 18,201,456.84
Raw materials and supplies,
purchased
goods EUR 17,348,210.17
Purchased services EUR 853,246.67
Gross result (+/-) EUR 26,725,591.17
Staff expenses EUR
19,173,991.41
Wages and salaries EUR 16,298,544.47
Social security
contributions and
expenses for pension
plans and
benefits EUR 2,875,446.94
Total depreciation EUR 885,482.34
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 885,482.34
Other operating
expenses EUR 7,979,500.70
Operating result from
continuing
operations EUR -1,313,383.28
Result from participating
interests
(+/-) EUR 1,772,163.12
Expenses / income from
participations EUR 1,772,163.12
Income from related
companies EUR 1,772,163.12
Interest result (+/-) EUR -1,300,112.81
Interest and similar
income EUR 34,641.71
Interest and similar
expenses EUR 1,334,754.52
Financial result
(+/-) EUR 472,050.31
Result from ordinary
operations (+/-) EUR -841,332.97
Extraordinary income EUR 7,500,000.00
Extraordinary result
(+/-) EUR 7,500,000.00
Income tax / refund of
income tax (+/-)EUR -150,163.50
Other taxes / refund of
taxes EUR -75,097.65
Tax (+/-) EUR -225,261.15
Annual surplus / annual
deficit EUR 6,433,405.88
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.60 |
|
|
1 |
Rs.100.09 |
|
Euro |
1 |
Rs.71.23 |
INFORMATION DETAILS
|
Analysis Done by
: |
SAN |
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Report Prepared
by : |
ANK |
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.