|
Report No. : |
323516 |
|
Report Date : |
23.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
COHERENT (DEUTSCHLAND) GMBH |
|
|
|
|
Registered Office : |
Dieselstr.
5b, D 64807 Dieburg |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
30.09.2013 |
|
|
|
|
Date of Incorporation : |
20.07.1995 |
|
|
|
|
Com. Reg. No.: |
HRB 32871 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
Manufacture
of instruments and appliances for measuring, testing and navigation Wholesale
of photo and optical goods |
|
|
|
|
No of Employees : |
112 |
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, 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.
|
Source
: CIA |
Coherent
(Deutschland) GmbH
Dieselstr.
5b
D 64807
Dieburg
Telephone:06071/9680
Telefax: 06071/968499
Homepage: www.coherent.de
E-mail: sales.germany@coherent.com
Active
DE187030821
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 20.07.1995
Shareholders'
agreement: 20.07.1995
Registered on: 06.11.1996
Commercial Register: Local court 64283 Darmstadt
under: HRB
32871
Share capital: EUR 60,000.00
Shareholder:
Coherent Holding GmbH
Dieselstr. 5b
D 64807 Dieburg
Legal form: Private
limited company
Share capital: EUR 1,025,000.00
Share: EUR 60,000.00
Registered on: 29.08.1994
Reg. data: 64283
Darmstadt, HRB 32618
Control and profit
transfer agreement
Manager:
Franz Josef Walenski
D 63322 Rödermark
having sole power of
representation
born: 23.11.1954
Manager:
Richard Gleeson
GB London
Nationality: British
Manager:
Daniel Hunter
USA San Jose, CA 95125
having sole power of
representation
born: 06.08.1959
Nationality: USA
Manager:
Mitchell A. McPeek
USA
Petaluma, CA 94954
having sole power of
representation
born: 11.06.1960
Nationality: USA
Further functions/participations of Franz
Josef Walenski (Manager)
Manager:
Coherent Holding GmbH
Dieselstr. 5b
D 64807 Dieburg
Legal form: Private
limited company
Share capital: EUR 1,025,000.00
Registered
on: 29.08.1994
Reg. data: 64283 Darmstadt, HRB 32618
Manager:
Coherent Gesellschaft mit
beschränkter
Haftung
Freiherr-vom-Stein-Str.
24-26
D 60323 Frankfurt
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 21.08.1995
Reg. data: 60313 Frankfurt, HRB 40360
Manager:
Coherent Kaiserslautern
GmbH
Opelstr. 10
D 67661 Kaiserslautern
Legal form: Private
limited company
Share capital: EUR 52,000.00
Registered
on: 28.08.2000
Reg. data: 67655 Kaiserslautern, HRB 3590
Further functions/participations of Daniel Hunter
(Manager)
Manager:
Coherent Holding GmbH
Dieselstr. 5b
D 64807 Dieburg
Legal form: Private
limited company
Share capital: EUR 1,025,000.00
Registered
on: 29.08.1994
Reg. data: 64283 Darmstadt, HRB 32618
Further functions/participations of Mitchell
A. McPeek (Manager)
Manager:
Coherent GmbH
Hans-Böckler-Str. 12
D 37079 Göttingen
Post Box:
26 63, D 37016 Göttingen
Legal form: Private
limited company
Share capital: EUR
13,300,000.00
Registered
on: 06.07.2005
Reg. data: 37073 Göttingen, HRB 4164
Manager:
Coherent Holding GmbH
Dieselstr. 5b
D 64807 Dieburg
Legal form: Private
limited company
Share capital: EUR 1,025,000.00
Registered
on: 29.08.1994
Reg. data: 64283 Darmstadt, HRB 32618
Manager:
Coherent Kaiserslautern
GmbH
Opelstr. 10
D 67661 Kaiserslautern
Legal form: Private
limited company
Share capital: EUR 52,000.00
Registered
on: 28.08.2000
Reg. data: 67655 Kaiserslautern, HRB 3590
20.07.1995 - 28.07.2006 Coherent
(Deutschland) GmbH
D 60311 Frankfurt
Private limited company
17.11.1998 - 26.06.2013 Manager
Robert B. Anthony
USA - Felton, Kalifornien
Main
industrial sector
26512 Manufacture of instruments and appliances
for measuring, testing and navigation
46431 Wholesale of photo and optical goods
Payment experience: within
agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2012/2013
Type of ownership: Tenant
Address Dieselstr.
5b
D 64807 Dieburg
Land register documents were not available.
Principal bank
COMMERZBANK, 63232 NEU-ISENBURG
Sort. code: 50040000
BIC: COBADEFFXXX
Further bank
BANK OF AMERICA, 60311 FRANKFURT AM MAIN
Sort. code: 50010900
BIC: BOFADEFXXXX
Turnover: 2013/2014 *EUR 16,800,000.00
Equipment: EUR 1,004,103.00
Ac/ts receivable: EUR 3,710,887.00
Liabilities: EUR 3,480,096.00
Employees:
112
Control and profit transfer agreement to:
Coherent Holding GmbH
Dieselstr. 5b
D 64807 Dieburg
The business figures marked with an asterisk
are estimates based on average values in the line of business.
Balance sheet ratios 01.10.2012 - 30.09.2013
Equity ratio [%]: 63.43
Liquidity ratio: 10.00
Return on total capital [%]: 36.45
Balance sheet ratios 01.10.2011 - 30.09.2012
Equity ratio [%]: 53.84
Liquidity ratio: 9.75
Return on total capital [%]: 43.86
Balance sheet ratios 01.10.2010 - 30.09.2011
Equity ratio [%]: 38.75
Liquidity ratio: 10.00
Return on total capital [%]: 49.51
Balance sheet ratios 01.10.2009 - 30.09.2010
Equity ratio [%]: 28.52
Liquidity ratio: 10.00
Return on total capital [%]: 51.96
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: 01.10.2012
- 30.09.2013
ASSETS EUR 5,183,935.19
Fixed assets EUR 1,007,878.07
Intangible assets EUR 727.37
Concessions, licences,
rights EUR 727.37
Tangible assets EUR 1,007,150.70
Other tangible assets /
fixtures and
fittings EUR 1,004,103.32
Advance payments made /
construction
in progress EUR 3,047.38
Current assets EUR 4,121,798.38
Accounts receivable EUR 3,710,886.94
Amounts due from related
companies EUR 3,610,610.50
Other debtors and
assets EUR 100,276.44
Liquid means EUR 410,911.44
Remaining other
assets EUR 54,258.74
Accruals (assets) EUR 54,258.74
LIABILITIES EUR 5,183,935.19
Shareholders' equity EUR 341,332.37
Capital EUR 60,000.00
Subscribed capital
(share capital) EUR 60,000.00
Reserves EUR 236,384.71
Capital reserves EUR 236,384.71
Balance sheet profit/loss
(+/-) EUR 44,947.66
Profit / loss brought
forward EUR 44,947.66
Provisions EUR 1,362,506.78
Provisions for taxes EUR 48,010.84
Other / unspecified provisions EUR 1,314,495.94
Liabilities EUR 3,480,096.04
Other liabilities EUR 3,480,096.04
Trade creditors (for IAS
incl. bills
of exchange) EUR 180,668.41
Liabililties due to
related companiesEUR
3,010,693.03
Unspecified other
liabilities EUR 288,734.60
PROFIT AND LOSS ACCOUNT (cost of sales method)
according to Comm.
Code (HGB)
Sales EUR 16,372,309.08
Manufacturing costs EUR 12,138,504.06
Gross result on sales EUR 4,233,805.02
Other operating
income EUR 6,805.09
Other operating
expenses EUR 2,227,138.04
Operating result from
continuing
operations EUR 2,013,472.07
Interest result (+/-) EUR 2,604.68
Interest and similar
income EUR 2,667.47
Interest and similar
expenses EUR 62.79
Financial result
(+/-) EUR 2,604.68
Result from ordinary
operations (+/-) EUR 2,016,076.75
Expenses for transfer of
profits to a
parent company EUR 1,889,771.94
Income tax / refund of
income tax (+/-)EUR -88,000.00
Other taxes / refund of
taxes EUR -38,304.81
Tax (+/-) EUR -126,304.81
Annual surplus / annual
deficit EUR 0.00
Type of balance sheet: Company
balance sheet
Financial year: 01.10.2011
- 30.09.2012
ASSETS EUR 4,142,584.60
Fixed assets EUR 985,805.56
Intangible assets EUR 14,142.53
Concessions, licences,
rights EUR 14,142.53
Tangible assets EUR 971,663.03
Other tangible assets /
fixtures and
fittings EUR 920,186.95
Advance payments made /
construction
in progress EUR 51,476.08
Current assets EUR 3,103,836.76
Accounts receivable EUR 2,876,769.40
Amounts due from related
companies EUR 2,761,402.66
Other debtors and assets EUR 115,366.74
Liquid means EUR 227,067.36
Remaining other
assets EUR 52,942.28
Accruals (assets) EUR 52,942.28
LIABILITIES EUR 4,142,584.60
Shareholders' equity EUR 341,332.37
Capital EUR 60,000.00
Subscribed capital
(share capital) EUR 60,000.00
Reserves EUR 236,384.71
Capital reserves EUR 236,384.71
Balance sheet profit/loss
(+/-) EUR 44,947.66
Profit / loss brought
forward EUR 44,947.66
Provisions EUR 1,390,146.53
Provisions for taxes EUR 87,788.82
Other / unspecified
provisions EUR 1,302,357.71
Liabilities EUR 2,411,105.70
Other liabilities EUR 2,411,105.70
Trade creditors (for IAS
incl. bills
of exchange) EUR 165,401.92
Liabililties due to
related companiesEUR 1,976,415.68
Unspecified other
liabilities EUR 269,288.10
PROFIT AND LOSS ACCOUNT (cost of sales method)
according to Comm.
Code (HGB)
Sales
EUR 15,976,688.44
Manufacturing costs EUR 11,862,210.92
Gross result on sales
EUR 4,114,477.52
General administration expenses
EUR 2,245,421.62
Other operating income
EUR 68,779.99
Other operating expenses
EUR 11,906.87
Operating result from continuing
operations
EUR 1,925,929.02
Interest result (+/-)
EUR 2,377.87
Interest and similar income
EUR 2,479.79
Interest and similar expenses
EUR 101.92
Financial result (+/-)
EUR 2,377.87
Result from ordinary operations (+/-)
EUR 1,928,306.89
Expenses for transfer of profits to a
parent company
EUR 1,816,990.22
Income tax / refund of income tax (+/-)EUR -76,000.00
Other taxes / refund of taxes
EUR -35,316.67
Tax (+/-)
EUR -111,316.67
Annual surplus / annual deficit
EUR 0.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 63.57 |
|
|
1 |
Rs. 99.66 |
|
Euro |
1 |
Rs. 70.92 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.