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Report No. : |
312988 |
|
Report Date : |
17.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
DIGATRON POWER ELECTRONICS GMBH |
|
|
|
|
Registered Office : |
Tempelhofer
Str. 12-14, D 52068 Aachen |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
1969 |
|
|
|
|
Com. Reg. No.: |
2037 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
Manufacture
of instruments and appliances for measuring, testing and navigation |
|
|
|
|
No of Employees : |
87 |
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 |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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 Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 |
Digatron
Power Electronics GmbH
Tempelhofer
Str. 12-14
D 52068
Aachen
Telephone:0241/168090
Telefax: 0241/166465
Homepage: www.digatron.de
E-mail: info@digatron.de
Active
DE121681503
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1969
Registered on: 07.02.1980
Commercial Register: Local court 52070 Aachen
under: HRB
2037
Share capital: EUR 447,380.40
Shareholder:
Beckers Holding GmbH
Tempelhofer Str. 12
D 52068 Aachen
Legal form: Private
limited company
Share capital: EUR 1,280,270.00
Share: EUR 447,380.40
Registered on: 26.11.2007
Reg. data: 52070 Aachen,
HRB 14487
Manager:
Kevin Campbell
D 52068 Aachen
having sole power of representation
born: 16.12.1961
Proxy:
Dieter Brockel
D 52457 Aldenhoven
having sole power of
representation
born: 21.09.1961
Proxy:
Stefan Rungen
D 52134 Herzogenrath
having sole power of
representation
born: 18.09.1966
07.12.1980 - 19.05.2014 Digatron
Industrie-Elektronik GmbH
Tempelhofer Str. 12-14
D 52068 Aachen
Private limited company
23.12.2009 - 19.05.2014 Manager
Rolf
Beckers
D 52062 Aachen
Main industrial sector
26512
Manufacture of instruments and appliances for measuring, testing and
navigation
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 Tempelhofer
Str. 12-14
D
52068 Aachen
Land register documents were not available.
Principal bank
SPARKASSE AACHEN, 52059 AACHEN
Sort. code: 39050000
BIC: AACSDE33XXX
Further banks
COMMERZBANK VORMALS DRESDNER BANK, 52006
AACHEN
Sort. code: 39080005
BIC: DRESDEFF390
AACHENER BANK, 52001 AACHEN
Sort. code: 39060180
BIC: GENODED1AAC
Gross profit or
loss:2013 EUR 13,404,265.00
2014 EUR 18,000,000.00
Profit: 2013 EUR 2,018,276.00
further business figures:
Equipment: EUR 630,638.00
Ac/ts receivable: EUR 4,317,396.00
Liabilities: EUR
5,411,054.00
Total numbers of
vehicles:
10
- Lorries:
1
- Passenger cars:
9
Employees: 87
- Part-time employees: 3
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 47.14
Liquidity ratio: 8.60
Return on total capital [%]: 13.87
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 46.41
Liquidity ratio: 9.12
Return on total capital [%]: 23.76
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 37.93
Liquidity ratio: 1.28
Return on total capital [%]: 11.96
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 47.68
Liquidity ratio: 1.06
Return on total capital [%]: 15.38
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: 01.01.2013
- 31.12.2013
ASSETS EUR 15,684,730.02
Fixed assets EUR 2,212,153.59
Intangible assets EUR 92,804.00
Other / unspecified
intangible assetsEUR
92,804.00
Tangible assets EUR 1,505,476.00
Land / similar
rights EUR 874,838.00
Other tangible assets /
fixtures and
fittings EUR 630,638.00
Financial assets EUR 613,873.59
Shares in participations
/
subsidiaries and the
like EUR 613,873.59
Shares in related
companies EUR 613,873.59
Current assets EUR 13,404,078.98
Stocks EUR 4,057,537.88
Accounts receivable EUR 4,317,395.76
Amounts due from related
companies EUR 866,247.18
Other debtors and
assets EUR 3,451,148.58
Liquid means EUR 5,029,145.34
Remaining other
assets EUR 68,497.45
Accruals (assets) EUR 16,757.45
Deferred taxes
(assets) EUR 51,740.00
LIABILITIES EUR 15,684,730.02
Shareholders' equity EUR 7,992,444.98
Capital EUR 447,380.40
Subscribed capital
(share capital) EUR 447,380.40
Reserves EUR 2,656,455.04
Retained earnings /
revenue reserves EUR
2,656,455.04
Balance sheet profit/loss
(+/-) EUR 4,888,609.54
Balance sheet profit /
loss EUR 4,888,609.54
Provisions EUR 2,243,561.49
Liabilities EUR 5,411,053.55
Financial debts EUR 459,504.00
Liabilities due to
banks EUR 459,504.00
Other liabilities EUR 4,951,549.55
Liabililties due to
related companiesEUR
634,471.73
Unspecified other
liabilities EUR 4,317,077.82
Other liabilities EUR 37,670.00
Deferred taxes (not
included under
provisions/liabilities) EUR 37,670.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Gross result (+/-) EUR 13,404,265.34
Staff expenses EUR 6,464,101.40
Wages and salaries EUR 5,581,246.54
Social security
contributions and
expenses for pension
plans and
benefits EUR 882,854.86
Total depreciation EUR 476,823.35
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 283,864.75
Depreciation on current
assets (+/-) EUR 192,958.60
Other operating
expenses EUR 3,311,436.69
Operating result from
continuing
operations EUR 3,151,903.90
Interest result (+/-) EUR -115,757.56
Interest and similar income EUR 38,020.69
thereof from related
companies EUR 0.00
Interest and similar
expenses EUR 153,778.25
Other financial
result EUR -30,750.75
Income from securities
and loans from
financial assets EUR 3,413.94
thereof related
companies EUR 0.00
Depreciation on financial
assets and
marketable
securities EUR 34,164.69
Financial result
(+/-) EUR -146,508.31
Result from ordinary
operations (+/-) EUR 3,005,395.59
Income tax / refund of
income tax (+/-)EUR -984,254.06
Other taxes / refund of
taxes EUR -2,865.29
Tax (+/-) EUR -987,119.35
Annual surplus / annual
deficit EUR 2,018,276.24
Type of balance sheet: Company
balance sheet
Financial year: 01.01.2012
- 31.12.2012
ASSETS EUR 19,069,311.68
Fixed assets EUR 3,717,054.56
Intangible assets EUR 54,086.00
Other / unspecified
intangible assetsEUR
54,086.00
Tangible assets EUR 1,657,853.00
Land / similar
rights EUR 920,615.00
Other tangible assets /
fixtures and
fittings EUR 734,618.00
Advance payments made /
construction
in progress EUR 2,620.00
Financial assets EUR 2,005,115.56
Shares in participations
/
subsidiaries and the
like EUR 613,873.59
Shares in related
companies EUR 613,873.59
Loans to participations
/
subsidiaries and the
like EUR 1,391,241.97
Loans to related
companies EUR 1,391,241.97
Current assets EUR 15,104,128.94
Stocks EUR 6,257,900.75
Accounts receivable EUR 3,580,901.20
Amounts due from related
companies EUR 2,176,218.26
Other debtors and
assets EUR 1,404,682.94
Liquid means EUR 5,265,326.99
Remaining other
assets EUR 248,128.18
Accruals (assets) EUR 41,708.18
Deferred taxes
(assets) EUR 206,420.00
LIABILITIES EUR 19,069,311.68
Shareholders' equity EUR 8,974,168.74
Capital EUR 447,380.40
Subscribed capital
(share capital) EUR 447,380.40
Reserves EUR 2,824,401.34
Retained earnings /
revenue reserves EUR
2,824,401.34
Balance sheet profit/loss
(+/-) EUR 5,702,387.00
Balance sheet profit /
loss EUR 5,702,387.00
Provisions EUR 4,403,608.68
Liabilities EUR 5,658,594.26
Financial debts EUR 476,524.00
Liabilities due to
banks EUR 476,524.00
Other liabilities EUR 5,182,070.26
Liabililties due to
related companiesEUR 118,679.42
Unspecified other
liabilities EUR 5,063,390.84
Other liabilities EUR 32,940.00
Deferred taxes (not
included under
provisions/liabilities)
EUR 32,940.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Gross result (+/-) EUR 18,168,083.13
Staff expenses EUR 7,081,075.14
Wages and salaries EUR 6,225,589.44
Social security
contributions and
expenses for pension
plans and
benefits EUR 855,485.70
Total depreciation EUR 589,257.58
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 331,842.03
Depreciation on current
assets (+/-) EUR 257,415.55
Other operating
expenses EUR 4,495,936.34
Operating result from
continuing
operations EUR 6,001,814.07
Result from participating
interests
(+/-) EUR 492,750.41
Expenses / income from
participations EUR 492,750.41
Income from related
companies EUR 492,750.41
Interest result (+/-) EUR -67,056.68
Interest and similar
income EUR 33,844.86
thereof from related
companies EUR 18,440.81
Interest and similar
expenses EUR 100,901.54
thereof paid to related
companies EUR 0.00
Other financial
result EUR -8,276.21
Income from securities
and loans from
financial assets EUR 24,247.97
thereof related
companies EUR 20,355.33
Depreciation on financial
assets and
marketable
securities EUR 32,524.18
Financial result
(+/-) EUR 417,417.52
Result from ordinary
operations (+/-) EUR 6,419,231.59
Income tax / refund of
income tax (+/-)EUR -1,940,058.66
Other taxes / refund of
taxes EUR -2,858.00
Tax (+/-) EUR -1,942,916.66
Annual surplus / annual
deficit EUR 4,476,314.93
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 62.82 |
|
|
1 |
Rs. 92.82 |
|
Euro |
1 |
Rs. 66.16 |
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.