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Report No. : |
324310 |
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Report Date : |
25.05.2015 |
IDENTIFICATION DETAILS
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Name : |
ERBATECH GMBH |
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Registered Office : |
Werner-von-Siemens-Str. 30, D 64711
Erbach, Post Box: 11 53 |
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Country : |
Germany |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
13.01.1964 |
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Com. Reg. No.: |
HRB 70021 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Manufacture of other general-purpose
machinery ·
Manufacture of machinery for textile,
apparel and leather production ·
Wholesale of other equipment and
accessories for machinery and technical supplies |
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|
|
|
No. of Employees : |
107 |
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 : |
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 – 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 |
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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 5.3% 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 |
ERBATECH GMBH
Company Status: active
Werner-von-Siemens-Str. 30
D 64711 Erbach
Post Box:
11 53
Telephone:06062/9510
Telefax:
06062/951166
Homepage: www.erbatech.de
E-mail:
info@erbatech.de
VAT
no.: DE145997782
Tax
ID number: 007 232 14923
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 13.01.1964
Shareholders'
agreement: 13.01.1964
Registered on: 14.02.1964
Commercial Register: Local court 64283
Darmstadt
under: HRB 70021
Share capital: EUR 511,300.00
Shareholder:
Ulrich von Christen
Erbacher Str. 40
D 64720 Michelstadt
born: 05.09.1968
Share: EUR 511,300.00
Manager:
Ulrich von Christen
Erbacher Str. 40
D 64720 Michelstadt
having sole power of
representation
born: 05.09.1968
Proxy:
Udo Gebhardt
D 64711 Erbach
having sole power of
representation
born: 19.09.1959
Further functions/participations of Ulrich von
Christen (Manager)
Shareholder:
Rotacent GmbH
Werner-von-Siemens-Str.
30
D 64711 Erbach
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 20,000.00
Registered
on: 26.08.2003
Reg. data: 64283 Darmstadt, HRB 71562
Manager:
Rotacent GmbH
Werner-von-Siemens-Str. 30
D 64711 Erbach
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 26.08.2003
Reg. data: 64283 Darmstadt, HRB 71562
13.01.1964 - 15.08.2002 Brückner Apparatebau Gesellschaft mit
beschränkter Haftung
Werner-von-Siemens-Str.
30
D 64711 Erbach
Private limited
company
Main industrial sector
28290
Manufacture of other general-purpose machinery
28940
Manufacture of machinery for textile, apparel and leather production
46693
Wholesale of other equipment and accessories for machinery and technical
supplies
Payment experience: Slow but correct
Negative information: We have no negative
information at hand.
Type of ownership: Tenant
Address Werner-von-Siemens-Str. 30
D 64711 Erbach
Real Estate of: Ulrich von Christen
Type of ownership: Tenant
Address Erbacher Str. 40
D 64720 Michelstadt
Land register documents were not available.
COMMERZBANK, 71002 BÖBLINGEN
Sort. code: 60040071
BIC: COBADEFFXXX
SPARKASSE ODENWALDKREIS, 64720 MICHELSTADT
Sort. code: 50851952
BIC: HELADEF1ERB
VOLKSBANK ODENWALD, 64720 MICHELSTADT
Sort. code: 50863513
BIC: GENODE51MIC
Gross profit or loss: 2013 EUR
7,905,719.00
Profit: 2013 EUR -175,765.00
Equipment: EUR 297,111.00
Ac/ts receivable: EUR
2,634,694.00
Liabilities: EUR 1,203,145.00
Employees:
107
-
thereof permanent staff: 48
-
Trainees:
8
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 22.61
Liquidity ratio: 2.25
Return on total capital [%]: -2.91
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 23.96
Liquidity ratio: 2.48
Return on total capital [%]: 8.01
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 17.02
Liquidity ratio: 2.14
Return on total capital [%]: 3.37
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 16.08
Liquidity ratio: 2.21
Return on total capital [%]: 2.04
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 5,840,731.01
Fixed assets
EUR 1,262,352.74
Intangible assets
EUR 56,845.00
Tangible assets
EUR 667,037.74
Land / similar rights
EUR 300,553.04
Plant / machinery
EUR 69,373.68
Other tangible assets / fixtures and
fittings EUR 297,111.02
Financial assets
EUR 538,470.00
Other / unspecified financial assets EUR 538,470.00
Current assets
EUR 4,503,396.45
Stocks
EUR 1,831,541.93
Accounts receivable
EUR 2,634,694.48
Liquid means
EUR 37,160.04
Remaining other assets
EUR 74,981.82
Accruals (assets)
EUR 74,981.82
LIABILITIES EUR 5,840,731.01
Shareholders' equity
EUR 1,352,360.62
Capital EUR 511,300.00
Subscribed capital (share capital)
EUR 511,300.00
Reserves
EUR 324,000.00
Capital reserves
EUR 324,000.00
Balance sheet profit/loss (+/-)
EUR 517,060.62
Profit / loss brought forward
EUR 692,825.20
Annual surplus / annual deficit
EUR -175,764.58
Provisions
EUR 3,219,760.20
Liabilities
EUR 1,203,144.79
Financial debts
EUR 720,979.60
Liabilities due to banks
EUR 720,979.60
Other liabilities
EUR 482,165.19
Unspecified other liabilities
EUR 482,165.19
Other liabilities
EUR 65,465.40
Deferrals (liabilities)
EUR 65,465.40
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 7,905,718.51
Staff expenses
EUR 4,685,749.82
Wages and salaries
EUR 3,897,578.02
Social security contributions and
expenses for pension plans and
benefits
EUR 788,171.80
Total depreciation
EUR 150,176.10
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 150,176.10
Other operating expenses
EUR 3,174,304.99
Operating result from continuing
operations
EUR -104,512.40
Interest result (+/-)
EUR -51,296.36
Interest and similar income
EUR 61,339.62
Interest and similar expenses
EUR 112,635.98
Financial result (+/-)
EUR -51,296.36
Result from ordinary operations (+/-)
EUR -155,808.76
Extraordinary expenses
EUR 7,003.30
Extraordinary result (+/-)
EUR -7,003.30
Other taxes / refund of taxes
EUR -12,952.52
Tax
(+/-)
EUR -12,952.52
Annual surplus / annual deficit
EUR -175,764.58
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 6,255,296.84
Fixed assets
EUR 1,313,343.34
Intangible assets
EUR 56,276.00
Tangible assets
EUR 673,473.34
Land / similar rights
EUR 297,952.04
Plant / machinery
EUR 83,914.68
Other tangible assets / fixtures and
fittings
EUR 291,606.62
Financial assets EUR 583,594.00
Other / unspecified financial assets EUR 583,594.00
Current assets
EUR 4,835,902.43
Stocks
EUR 2,544,507.12
Accounts receivable
EUR 1,795,659.92
Liquid means
EUR 495,735.39
Remaining other assets
EUR 106,051.07
Accruals (assets)
EUR 106,051.07
LIABILITIES EUR 6,255,296.84
Shareholders' equity
EUR 1,528,125.20
Capital
EUR 511,300.00
Subscribed capital (share capital)
EUR 511,300.00
Reserves
EUR 324,000.00
Capital reserves
EUR 324,000.00
Balance sheet profit/loss (+/-)
EUR 692,825.20
Profit / loss brought forward
EUR 201,909.98
Annual surplus / annual deficit
EUR 490,915.22
Provisions
EUR 3,396,079.90
Liabilities
EUR 1,215,522.19
Financial
debts EUR 124,458.24
Liabilities due to banks
EUR 124,458.24
Other liabilities
EUR 1,091,063.95
Unspecified other liabilities
EUR 1,091,063.95
Other liabilities
EUR 115,569.55
Deferrals (liabilities)
EUR 115,569.55
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-) EUR 7,731,018.77
Staff expenses
EUR 4,241,552.89
Wages and salaries
EUR 3,546,008.20
Social security contributions and
expenses for pension plans and
benefits EUR 695,544.69
Total depreciation
EUR 133,387.75
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 133,387.75
Other operating expenses
EUR 2,760,694.25
Operating result from continuing
operations
EUR 595,383.88
Interest result (+/-)
EUR -43,108.03
Interest and similar income
EUR 97,915.92
Interest and similar expenses
EUR 141,023.95
Financial result (+/-)
EUR -43,108.03
Result from ordinary operations (+/-)
EUR 552,275.85
Extraordinary
expenses EUR 7,003.30
Extraordinary result (+/-)
EUR -7,003.30
Income tax / refund of income tax (+/-)EUR -42,293.94
Other taxes / refund of taxes
EUR -12,063.39
Tax
(+/-)
EUR -54,357.33
Annual surplus / annual deficit
EUR 490,915.22
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.57 |
|
|
1 |
Rs.99.67 |
|
Euro |
1 |
Rs.70.93 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
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 |
|
|
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 |
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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.