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Report No. : |
339837.2 |
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Report Date : |
17.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
CETOTEC GMBH |
|
|
|
|
Registered Office : |
Zilzkreuz 23 D 53604 Bad Honnef |
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|
|
|
Country : |
Germany |
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|
|
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
13.09.1996 |
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|
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Com. Reg. No.: |
HRB 8649 |
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|
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Legal Form : |
Private limited company |
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|
|
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Line of Business : |
Research and development on
biotechnology. |
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|
|
No. of Employee : |
Not Available |
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 |
|
Maximum Credit Limit : |
35,000 EUR |
|
|
|
|
Status : |
Satisfactory |
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|
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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 |
|
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, 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 |
CETOTEC
GMBH
Supplement
We
refer to your enquiry of 03.09.2015.
In
the meantime there have been changes in particular in the
following areas subject to monitoring:
-
Financial information
- Solvency Rating
-
Balance sheets
Company Status: active
Zilzkreuz 23
D 53604 Bad Honnef
Telephone:02224/900000
Telefax: 02224/900002
Homepage: www.cetotec.com
E-mail: info@cetotec.com
VAT
no.: DE812092492
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 13.09.1996
Shareholders'
agreement: 13.09.1996
Registered on: 27.04.2004
Commercial Register: Local court 53721 Siegburg
under: HRB
8649
EUR 25,600.00
Shareholder:
Dr. Sylvia
Sellmer-Wilsberg
Menzenberger Str. 59a
D 53604 Bad Honnef
born: 06.06.1963
née: Sellmer
Share: EUR 12,800.00
Shareholder:
Hans Werner Wilsberg
Schulstr. 24
D 53619 Rheinbreitbach
born: 13.04.1961
Share: EUR 12,800.00
Manager:
Dr. Sylvia
Sellmer-Wilsberg
Menzenberger Str. 59a
D 53604 Bad Honnef
having sole power of
representation
born: 06.06.1963
née: Sellmer
Marital status: married
Manager:
Hans Werner Wilsberg
Schulstr. 24
D 53619 Rheinbreitbach
born: 13.04.1961
Marital status: unknown
Proxy:
Anna-Liesa Wilsberg
D 53619 Rheinbreitbach
having sole power of
representation
born: 20.03.1984
Further functions/participations of Hans
Werner Wilsberg
(Manager)
Shareholder:
Wilsberg Metalltechnik
GmbH
Zilzkreuz 23a
D 53604 Bad Honnef
Legal form: Private
limited company
Share capital: EUR 50,000.00
Share: EUR 19,000.00
Registered
on: 05.12.2000
Reg. data: 53721 Siegburg, HRB 7340
Shareholder:
WWW Zerspanung GmbH
Zilzkreuz 23a
D 53604 Bad Honnef
Legal form: Private
limited company
Share capital: EUR 25,050.00
Share: EUR 8,350.00
Registered
on: 06.12.2010
Reg. data: 53721 Siegburg, HRB 11292
Manager:
Wilsberg Metalltechnik
GmbH
Zilzkreuz 23a
D 53604 Bad Honnef
Legal form: Private
limited company
Share capital: EUR 50,000.00
Registered
on: 05.12.2000
Reg. data: 53721 Siegburg, HRB 7340
Manager:
WWW Zerspanung GmbH
Zilzkreuz 23a
D 53604 Bad Honnef
Legal form: Private
limited company
Share capital: EUR 25,050.00
Registered
on: 06.12.2010
Reg. data: 53721 Siegburg, HRB 11292
27.02.1997
- 14.01.1998 Acetotec Biotechnologie
GmbH
Hauptstr. 95-97
D 53619
Rheinbreitbach
Private limited
company
14.01.1998 - 27.04.2004 cetotec biotechnologie GmbH
Hauptstr. 95-97
D 53619
Rheinbreitbach
Private limited
company
27.04.2004 - 14.02.2005 cetotec biotechnologie GmbH
In der Brückenwiese
12
D 53639 Königswinter
Private limited
company
14.02.2005 - 23.05.2013 cetotec biotechnologie GmbH
Zilzkreuz 23
D 53604 Bad Honnef
Private limited
company
Main industrial sector
72110
Research and development on biotechnology
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Maximum
credit: 35,000 EUR
Balance sheet year: 2014
PMI: No significant / relevant
payment experience
information pertaining to
the company
inquired upon is shown in
the Deutscher
Debitoren Monitor
(DDMonitor).
Events Index: 1
At present, NO events are
known.
The Events Index
indicates if any particular
events have occurred,
such as e.g. a
relocation of registered
office or a change
within management. On the
basis of number,
relevance and
up-to-dateness of the events
an index value ranging
from 1 (no events) to
5 is calculated.
Companies showing a
particularly large number
of events receive
the index 6.
Type of ownership: Tenant
Address Zilzkreuz 23
D 53604 Bad Honnef
Land register documents were not available.
RAIFFEISENBANK NEUSTADT, 53567 ASBACH, WESTERW
Sort. code: 57069238
BIC: GENODED1ASN
DEUTSCHE BANK, 53604 BAD HONNEF
Sort. code: 38070059
BIC: DEUTDEDK380
Profit: 2013 EUR -16,745.00
2014 EUR 125,351.00
further business figures:
Ac/ts receivable: EUR 441,822.00
Liabilities: EUR 396,533.00
The
number of employees is not known.
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 54.16
Liquidity ratio: 10.00
Return
on total capital [%]: 9.36
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 56.02
Liquidity ratio: 3.36
Return on total capital [%]: -1.56
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 63.74
Liquidity ratio: 10.00
Return on total capital [%]: 4.93
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 64.31
Liquidity ratio: 10.00
Return
on total capital [%]: 4.17
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
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2014 - 31.12.2014
ASSETS EUR 1,342,165.15
Fixed assets
EUR 185,091.00
Intangible assets
EUR 6,564.00
Tangible assets
EUR 178,527.00
Current assets
EUR 1,150,518.02
Stocks EUR 185,058.00
Accounts receivable
EUR 441,822.09
Liquid means
EUR 523,637.93
Remaining other assets
EUR 6,556.13
Accruals (assets)
EUR 6,556.13
LIABILITIES EUR 1,342,165.15
Shareholders' equity
EUR 728,430.08
Capital
EUR 25,564.59
Subscribed capital (share capital) EUR 25,564.59
Reserves
EUR 51,827.00
Retained earnings / revenue reserves EUR 51,827.00
Balance sheet profit/loss (+/-)
EUR 651,038.49
Profit / loss brought forward
EUR 525,687.93
Annual surplus / annual deficit
EUR 125,350.56
Provisions
EUR 217,202.00
Liabilities
EUR 396,533.07
Type of balance
sheet: Company balance sheet
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2013 - 31.12.2013
ASSETS EUR 1,076,507.48
Fixed assets
EUR 162,527.00
Intangible assets
EUR 3.00
Tangible assets
EUR 162,524.00
Current assets EUR 897,823.83
Stocks
EUR 218,339.00
Accounts receivable
EUR 396,489.27
Liquid means
EUR 282,995.56
Remaining other assets
EUR 16,156.65
Accruals (assets)
EUR 16,156.65
LIABILITIES EUR 1,076,507.48
Shareholders' equity
EUR 603,079.52
Capital EUR 25,564.59
Subscribed capital (share capital)
EUR 25,564.59
Reserves
EUR 51,827.00
Retained earnings / revenue reserves EUR 51,827.00
Balance sheet profit/loss (+/-)
EUR 525,687.93
Profit / loss brought forward
EUR 542,432.61
Annual surplus / annual deficit
EUR -16,744.68
Provisions
EUR 72,303.00
Liabilities
EUR 401,124.96
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.17 |
|
|
1 |
Rs.100.66 |
|
Euro |
1 |
Rs.70.97 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
ANK |
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.