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Report No. : |
297606.2 |
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Report Date : |
16.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
OXFORD INSTRUMENTS ANALYTICAL GMBH |
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|
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Registered Office : |
Wellesweg 31, D 47589 Uedem |
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Country : |
Germany |
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Financials (as on) : |
31.03.2013 |
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Date of Incorporation : |
09.07.1998 |
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Com. Reg. No.: |
HRB 9820 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
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No of Employees
: |
86 |
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 |
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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 – 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, has 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 2013. The new German
government introduced a minimum wage of $11 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%. 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 hopes to replace nuclear power with renewable energy.
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 |
Oxford Instruments Analytical GmbH
Wellesweg 31
D 47589 Uedem
Telephone: 02825/9383-0
Telefax:
02821/9383-100
Homepage: www.oxford-instruments.de
E-mail:
industrial-analysis@oxinst.com
DE812486917
active
Business relations are permissible.
LEGAL
FORM Private
limited company
Date of foundation: 09.07.1998
Shareholders'
agreement: 21.07.2009
Registered on: 06.08.2009
Commercial Register: Local court 47533 Kleve
under: HRB
9820
Share capital: EUR 1,277,777.00
Shareholder:
Oxford Instruments GmbH
Otto-von-Guericke-Ring 10
D 65205 Wiesbaden
Legal form: Private
limited company
Share capital: EUR 4,049,000.00
Share: EUR 1,277,777.00
Registered on: 18.01.2005
Reg. data: 65189
Wiesbaden, HRB 21599
Profit transfer agreement
Manager:
Vito Angona
D 65232 Taunusstein
having sole power of
representation
born: 15.09.1960
Profession: graduate engineer
Marital status: married
Manager:
Alessandro Wernli
D 65232 Taunusstein
having sole power of
representation
born: 03.08.1964
Profession: Fully qualified merchant
Marital status: unknown
Manager:
Olaf Neuhausen
Kirchhofstr. 16
D 47546 Kalkar
having sole power of
representation
born: 30.10.1969
Profession: Businessman
Proxy:
Wolfgang Giesen
Georg-Bleibtreu-Str. 14
D 46509 Xanten
authorized to jointly
represent the company
born: 22.06.1967
Proxy:
Frank Melzig
D 47647 Kerken
authorized to jointly
represent the company
born: 21.06.1966
Further functions/participations of Vito
Angona (Manager)
Shareholder:
VIA Vertriebsgesellschaft
für instrumentelle
Anwendungen mbH
Hochstr. 79
D 47647 Kerken
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 7,500.00
Registered
on: 14.03.2002
Reg. data: 47533 Kleve, HRB 4669
Manager:
Oxford Instruments GmbH
Otto-von-Guericke-Ring 10
D 65205 Wiesbaden
Legal form: Private
limited company
Share capital: EUR 4,049,000.00
Registered
on: 18.01.2005
Reg. data: 65189 Wiesbaden, HRB 21599
Manager:
Oxford Instruments Holdings GmbH
Wellesweg 31
D 47589 Uedem
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 28.03.2011
Reg. data: 65189 Wiesbaden, HRB 25561
Manager:
Omicron Nano Technology
GmbH
Limburger Str. 75
D 65232 Taunusstein
Legal form: Private
limited company
Share capital: EUR 128,050.00
Registered
on: 02.06.1984
Reg. data: 65189 Wiesbaden, HRB 16116
Vice-president of the Supervisory Board:
HNE Technologie AG
Alter Postweg 96
D 86159 Augsburg
Legal form: Public
limited company
Share capital: EUR 250,000.00
Registered
on: 19.08.2005
Reg. data: 86150 Augsburg, HRB 21354
Further functions/participations of Alessandro
Wernli (Manager)
Shareholder:
GSI Capital GmbH
Hülsmeyerstr. 62
D 40629 Düsseldorf
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 16,850.00
Registered
on: 19.05.2004
Reg. data: 40227 Düsseldorf, HRB 49872
Manager:
GSI Capital GmbH
Hülsmeyerstr. 62
D 40629 Düsseldorf
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 19.05.2004
Reg. data: 40227 Düsseldorf, HRB 49872
Manager:
Oxford Instruments GmbH
Otto-von-Guericke-Ring 10
D 65205 Wiesbaden
Legal form: Private limited
company
Share capital: EUR 4,049,000.00
Registered
on: 18.01.2005
Reg. data: 65189 Wiesbaden, HRB 21599
Manager:
Omicron Nano Technology
GmbH
Limburger Str. 75
D 65232 Taunusstein
Legal form: Private
limited company
Share capital: EUR
128,050.00
Registered
on: 02.06.1984
Reg. data: 65189 Wiesbaden, HRB 16116
Manager:
Oxford Instruments
Holdings GmbH
Wellesweg 31
D 47589 Uedem
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 28.03.2011
Reg. data:
65189 Wiesbaden, HRB 25561
Further functions/participations of Olaf
Neuhausen (Manager)
Shareholder:
Rheinland Technologie
GmbH
Industriepark 4
D 47546 Kalkar
Legal form: Private limited company
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 29.09.2006
Reg. data: 47533 Kleve, HRB 8328
Manager:
Oxford Instruments GmbH
Otto-von-Guericke-Ring 10
D 65205 Wiesbaden
Legal form: Private
limited company
Share capital: EUR 4,049,000.00
Registered
on: 18.01.2005
Reg. data: 65189 Wiesbaden, HRB 21599
Manager:
Omicron Nano Technology
GmbH
Limburger Str. 75
D 65232 Taunusstein
Legal form: Private
limited company
Share capital: EUR 128,050.00
Registered
on: 02.06.1984
Reg. data: 65189 Wiesbaden, HRB 16116
Manager:
Roentgenanalytik Systeme
Verwaltungs GmbH
Georg-Ohm-Str. 6
D 65232 Taunusstein
Legal form: Private
limited company
Share capital: EUR 25,500.00
Registered
on: 17.12.2010
Reg. data: 65189 Wiesbaden, HRB 25346
Manager:
Oxford Instruments
Holdings GmbH
Wellesweg 31
D 47589 Uedem
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 28.03.2011
Reg. data: 65189 Wiesbaden, HRB 25561
09.07.1998 - 05.06.2001 Worldwide Analytical Gesellschaft für
Analytische Meßsysteme
mbH (HRB 1919)
Tiergartenstr. 27
D 47533 Kleve
Private limited
company
06.06.2001 - 07.02.2003 WAS Worldwide Analytical Systems AG (HRB
2371)
Tiergartenstr. 27
D 47533 Kleve
Public limited
company
07.02.2003 - 06.08.2009 WAS Worldwide Analytical Systems AG
Wellesweg 31
D 47589 Uedem
Public limited
company
29.08.2013 - 15.09.2014 Manager
Kevin James Boyd
GB Pattishall,
Northants
Main industrial sector
26511 Manufacture of instruments and appliances
for measuring, testing and navigation
46141 Agents involved in the sale of machines (except
agricultural machineryand office machinery) and industrial supplies n.e.c.
71122 Engineering activities in the field of
technical sectoral planning andengineering design
96090 Other service activities n. e. c.
Branch:
Oxford Instruments
Analytical GmbH
Heidenheimer Str. 28/1
D 73447 Oberkochen
TEL.: 07364/957402
FAX.: 07364/957403
Payment
experience: within agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2012/2013
Type of ownership: proprietor
Share: 100.00 %
Address Wellesweg
31
D 47589 Uedem
Land register documents were not available.
DEUTSCHE BANK, 47512 KLEVE, NIEDERRHEIN
Sort. code: 32470077
BIC: DEUTDEDD324
SPARKASSE KLEVE, 47515 KLEVE, NIEDERRHEIN
Sort. code: 32450000
BIC: WELADED1KLE
Gross profit or
loss:2012/2013 EUR 17,876,608.00
2013/2014 EUR 17,800,000.00
Profit: 2012/2013 EUR 2,035,479.00
further business figures:
Equipment: EUR 307,927.00
Ac/ts receivable: EUR 7,784,040.00
Liabilities: EUR 3,837,637.00
Employees: 86
- thereof permanent
staff:
25
- Trainees:
1
Profit transfer agreement to:
Oxford Instruments GmbH
Otto-von-Guericke-Ring 10
D 65205 Wiesbaden
Balance sheet ratios 01.04.2012 - 31.03.2013
Equity ratio [%]: 46.34
Liquidity ratio: 2.95
Return on total capital [%]: 15.27
Balance sheet ratios 01.04.2011 - 31.03.2012
Equity ratio [%]: 43.87
Liquidity ratio: 4.76
Return on total capital [%]: 20.24
Balance sheet ratios 01.04.2010 - 31.03.2011
Equity ratio [%]: 43.04
Liquidity ratio: 2.09
Return on total capital [%]: 17.86
Balance sheet ratios 01.04.2009 - 31.03.2010
Equity ratio [%]: 36.20
Liquidity ratio: 1.07
Return on total capital [%]: 9.27
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.
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.
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: 01.04.2012
- 31.03.2013
ASSETS EUR 13,333,066.22
Fixed assets
EUR 2,153,906.04
Intangible assets
EUR 11,338.98
Concessions, licences, rights
EUR 11,338.98
Tangible assets
EUR 2,142,567.06
Land / similar rights
EUR 1,834,640.16
Other tangible assets / fixtures and
fittings EUR 307,926.90
Current assets
EUR 11,112,670.38
Stocks
EUR 2,129,468.60
Raw materials, consumables and
supplies
EUR 1,280,982.71
Finished goods / work in progress
EUR 1,681,154.23
Advance payments made
EUR 485.13
Minus received advance payments for
orders / installments for stocks
EUR -833,153.47
Accounts receivable
EUR 7,784,039.83
Trade debtors
EUR 3,972,310.04
Amounts due from related companies
EUR 3,626,286.63
Other debtors and assets
EUR 185,443.16
Liquid means
EUR 1,199,161.95
Remaining other assets
EUR 66,489.80
Accruals (assets)
EUR 66,489.80
LIABILITIES EUR 13,333,066.22
Shareholders' equity
EUR 6,177,977.34
Capital
EUR 1,277,777.00
Subscribed capital (share capital)
EUR 1,277,777.00
Balance sheet profit/loss (+/-)
EUR 4,900,200.34
Balance sheet profit / loss
EUR 4,900,200.34
Provisions
EUR 3,247,391.16
Provisions for taxes
EUR 1,971,895.80
Other / unspecified provisions
EUR 1,275,495.36
Liabilities
EUR 3,837,636.59
Financial debts
EUR 58.05
Liabilities due to banks
EUR 58.05
Other liabilities
EUR 3,837,578.54
Trade creditors (for IAS incl. bills
of exchange)
EUR 2,150,478.97
Liabililties due to related companiesEUR 1,568,780.01
Unspecified other liabilities
EUR 118,319.56
thereof liabilities from tax /
financial authorities
EUR 70,331.69
thereof liabilities from social
security
EUR 11,786.87
Other liabilities
EUR 70,061.13
Deferrals (liabilities)
EUR 70,061.13
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Gross result (+/-) EUR 17,876,607.80
Staff expenses
EUR 5,340,389.32
Wages and salaries
EUR 4,494,883.04
Social security contributions and
expenses for pension plans and
benefits EUR 845,506.28
Total depreciation
EUR 172,781.52
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 172,781.52
Other operating expenses
EUR 9,473,012.00
Operating result from continuing
operations
EUR 2,890,424.96
Interest result (+/-)
EUR 39,648.81
Interest and similar income
EUR 48,863.52
thereof from related companies
EUR 45,449.11
Interest and similar expenses
EUR 9,214.71
thereof paid to related companies
EUR 7,729.24
Financial result (+/-)
EUR 39,648.81
Result from ordinary operations (+/-)
EUR 2,930,073.77
Income tax / refund of income tax (+/-)EUR -887,387.15
Other taxes / refund of taxes
EUR -7,208.06
Tax (+/-)
EUR -894,595.21
Annual surplus / annual deficit
EUR 2,035,478.56
Type of balance sheet: Company balance sheet
Financial year: 01.04.2011 - 31.03.2012
ASSETS EUR 11,198,470.83
Fixed assets
EUR 2,005,018.25
Intangible assets
EUR 20,517.00
Concessions, licences, rights
EUR 20,517.00
Tangible assets
EUR 1,984,501.25
Land / similar rights
EUR 1,527,905.16
Other tangible assets / fixtures and
fittings
EUR 344,610.60
Advance payments made / construction
in progress
EUR 111,985.49
Current assets
EUR 9,114,738.84
Stocks
EUR 1,663,146.37
Raw materials, consumables and
supplies
EUR 1,409,830.55
Finished goods / work in progress
EUR 1,449,771.70
Advance payments made
EUR 20,030.82
Minus received advance payments for
orders / installments for stocks
EUR -1,216,486.70
Accounts receivable
EUR 5,913,303.99
Trade debtors
EUR 3,364,113.86
Amounts due from related companies
EUR 2,329,577.82
Other debtors and assets
EUR 219,612.31
Liquid means
EUR 1,538,288.48
Remaining other assets
EUR 78,713.74
Accruals (assets)
EUR 78,713.74
LIABILITIES EUR 11,198,470.83
Shareholders' equity
EUR 4,912,498.78
Capital
EUR 1,277,777.00
Subscribed capital (share capital)
EUR 1,277,777.00
Balance sheet profit/loss (+/-)
EUR 2,864,721.78
Balance sheet profit / loss
EUR 2,864,721.78
Other shareholders' equity (+/-)
EUR 770,000.00
Other / unspecified part of the
shareholders' equity
EUR 770,000.00
Provisions
EUR 3,481,695.94
Provisions for taxes
EUR 1,688,627.25
Other / unspecified provisions EUR 1,793,068.69
Liabilities
EUR 2,781,848.84
Other liabilities
EUR 2,781,848.84
Trade creditors (for IAS incl. bills
of exchange)
EUR 1,823,332.49
Liabililties due to related companiesEUR 811,241.24
Unspecified other liabilities
EUR 147,275.11
thereof liabilities from tax /
financial authorities
EUR 85,234.40
thereof liabilities from social
security
EUR 9,854.83
Other liabilities
EUR 22,427.27
Deferrals (liabilities)
EUR 22,427.27
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Gross result (+/-)
EUR 16,140,150.96
Staff expenses
EUR 4,838,639.55
Wages and salaries
EUR 4,098,813.40
Social security contributions and
expenses for pension plans and
benefits
EUR 739,826.15
Total depreciation
EUR 163,481.50
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 163,481.50
Other operating expenses
EUR 7,863,323.80
Operating result from continuing
operations EUR 3,274,706.11
Interest result (+/-)
EUR -28,606.97
Interest and similar income
EUR 273.96
Interest and similar expenses
EUR 28,880.93
thereof paid to related companies
EUR 521.15
Financial result (+/-)
EUR -28,606.97
Result from ordinary operations (+/-)
EUR 3,246,099.14
Income tax / refund of income tax (+/-)EUR -979,324.14
Tax (+/-) EUR -979,324.14
Annual surplus / annual deficit
EUR 2,266,775.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.67 |
|
UK Pound |
1 |
Rs.93.16 |
|
Euro |
1 |
Rs.66.42 |
INFORMATION DETAILS
|
Analysis Done by
: |
RSM |
|
|
|
|
Report Prepared
by : |
DPT |
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.