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Report No. : |
328944 |
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Report Date : |
27.06.2015 |
IDENTIFICATION DETAILS
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Name : |
SIRO LASERTEC LASERSERVICE UND
VERTRIEB GMBH |
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Registered Office : |
Rastatter Str. 6, D 75179 Pforzheim |
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Country : |
Germany |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
25.07.1996 |
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Com. Reg. No.: |
HRB 504014 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Machining
n.e.c. · Retail Sale of Electrical Household Appliances. |
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No. of Employees : |
21 |
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) |
|
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 |
SIRO
LASERTEC LASERSERVICE UND VERTRIEB GMBH
Company Status: active
Rastatter Str. 6
D 75179 Pforzheim
Telephone:07231/352708
Telefax: 07231/34166
Homepage:
www.siro-lasertec.de
E-mail: info@siro-lasertec.de
DE181403518
41414/32082
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1996
Shareholders'
agreement: 11.07.1996
Registered on: 25.07.1996
Commercial Register: Local court 68159 Mannheim
under: HRB
504014
EUR 25,564.60
Shareholder:
Rolf Okyay
Sonnenbühl 2
D 75249 Kieselbronn
Share: EUR 12,782.30
Shareholder:
Silvio Valenta
Bleichstr. 69
D 75173 Pforzheim
born: 05.02.1969
Share: EUR 12,782.30
Manager:
Rolf Okyay
Sonnenbühl 2
D 75249 Kieselbronn
Profession: Goldsmith
Marital status: married
Manager:
Silvio Valenta
Bleichstr. 69
D 75173 Pforzheim
born: 05.02.1969
Profession: Goldsmith
Marital status: single
Further functions/participations of Silvio
Valenta (Manager)
Shareholder:
Siro Flockwork GmbH
Rastatter Str. 6
D 75179 Pforzheim
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 04.03.2014
Reg. data: 68159 Mannheim, HRB 719091
Manager:
Siro Flockwork GmbH
Rastatter Str. 6
D 75179 Pforzheim
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 04.03.2014
Reg. data: 68159 Mannheim, HRB 719091
25.07.1996 - 31.12.2007 SIRO Lasertec Laserservice und Vertrieb
GmbH
Kronprinzenstr. 38
D 75177 Pforzheim
Private limited
company
01.01.2008 - 2011 SIRO Lasertec Laserservice und Vertrieb
GmbH
Rastatter Str. 6
D 75179 Pforzheim
Private limited
company
Sectors
25620
Machining n.e.c.
47540
Retail sale of electrical household appliances
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2013
Type of ownership: Tenant
Address Rastatter
Str. 6
D 75179 Pforzheim
Real
Estate of: Silvio Valenta
Type of ownership: Tenant
Address Bleichstr.
69
D 75173 Pforzheim
Land register documents were not available.
Principal bank
COMMERZBANK, 75172 PFORZHEIM
Sort.
code: 66640035
BIC: COBADEFFXXX
Further bank
SPARKASSE PFORZHEIM CALW, 75172 PFORZHEIM
Sort. code: 66650085
BIC: PZHSDE66XXX
Turnover: 2013 EUR 2,450,000.00
2014 *EUR 2,467,500.00
Expected turnover: EUR 2,750,000.00
Profit: 2013 EUR 80,580.00
further business figures:
Equipment: *EUR 231,000.00
Ac/ts receivable: EUR 937,949.00
Liabilities: EUR 1,544,542.00
Total numbers of vehicles: 2
Employees: 21
The
business figures marked with an asterisk are estimates based on average values
in the line of business.
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 57.79
Liquidity ratio: 0.80
Return on total capital [%]: 2.03
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 63.89
Liquidity ratio: 2.22
Return on total capital [%]: 4.51
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 57.37
Liquidity ratio: 1.91
Return on total capital [%]: 5.18
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 61.56
Liquidity ratio: 1.55
Return on total capital [%]: 3.88
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 3,960,961.59
Fixed assets
EUR 2,038,328.03
Intangible assets EUR 1,360.00
Tangible assets
EUR 2,036,968.03
Current assets
EUR 1,882,968.22
Stocks
EUR 609,197.87
Accounts receivable
EUR 937,948.57
Liquid means
EUR 335,821.78
Remaining other assets
EUR 39,665.34
Accruals (assets)
EUR 39,665.34
LIABILITIES EUR 3,960,961.59
Shareholders' equity
EUR 2,260,127.22
Capital
EUR 25,564.59
Subscribed capital (share capital)
EUR 25,564.59
Balance sheet profit/loss (+/-)
EUR 2,234,562.63
Profit / loss brought forward
EUR 2,153,983.01
Annual surplus / annual deficit
EUR 80,579.62
Provisions
EUR 156,292.00
Liabilities
EUR 1,544,542.37
Type
of balance sheet: Company balance sheet
Financial year: 01.01.2012
- 31.12.2012
ASSETS EUR 3,459,887.96
Fixed assets
EUR 1,381,360.20
Intangible assets
EUR 1,945.00
Other / unspecified intangible assetsEUR 1,945.00
Tangible assets
EUR 1,379,415.20
Other / unspecified tangible assets
EUR 1,379,415.20
Current assets
EUR 2,038,855.44
Stocks
EUR 585,159.05
Accounts receivable EUR 654,146.35
Other debtors and assets
EUR 654,146.35
Liquid means
EUR 799,550.04
Remaining other assets
EUR 39,672.32
Accruals
(assets) EUR 39,672.32
LIABILITIES EUR 3,459,887.96
Shareholders' equity
EUR 2,179,547.60
Capital
EUR 25,564.59
Subscribed capital (share capital)
EUR 25,564.59
Balance sheet profit/loss (+/-)
EUR 2,153,983.01
Profit / loss brought forward
EUR 1,997,833.60
Annual surplus / annual deficit
EUR 156,149.41
Provisions
EUR 154,957.48
Liabilities
EUR 1,125,382.88
Other liabilities
EUR 1,125,382.88
Unspecified other liabilities
EUR 1,125,382.88
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.60 |
|
|
1 |
Rs.100.09 |
|
Euro |
1 |
Rs.71.23 |
INFORMATION DETAILS
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Analysis Done by
: |
KAS |
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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.