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Report No. : |
350293 |
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Report Date : |
21.11.2015 |
IDENTIFICATION DETAILS
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Name : |
MED-NET GMBH |
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Registered Office : |
Borkstr. 10, D 48163 Münster |
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Country : |
Germany |
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|
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
06.06.1990 |
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Com. Reg. No.: |
HRB 3411 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Business and other management
consultancy activities ·
Wholesale of pharmaceutical, medical and
orthpedic goods |
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No. of Employees : |
28 |
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 – 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 |
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Moderate |
B1 |
|
High |
B2 |
|
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 5.2% 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 |
MED-NET GMBH
Company Status: active
Borkstr. 10
D 48163 Münster
Telephone:0251/322660
Telefax:
0251/3226622
Homepage:
www.medneteurope.com
E-mail:
info@medneteurope.com
VAT
no.: DE126042714
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 06.06.1990
Shareholders'
agreement: 06.06.1990
Registered on: 24.07.1990
Commercial Register: Local court 48149 Münster
under: HRB 3411
Share capital: EUR 30,000.00
Shareholder:
David Thaler
Weißenburgstr. 60-64
Johanninter Gästehaus
D 48151 Münster
born: 10.10.1953
Share: EUR 30,000.00
Manager:
David Thaler
Weißenburgstr. 60-64
Johanninter Gästehaus
D 48151 Münster
having sole power of
representation
born: 10.10.1953
Profession: Businessman
Marital status: unknown
Manager:
Inge Bröskamp
Wolteringstr. 31
D 48167 Münster
having sole power of
representation
born: 22.08.1958
Profession: Businessman
Further functions/participations of David
Thaler (Manager)
Shareholder:
MedK GmbH
Borkstr. 10
D 48163 Münster
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 22,500.00
Registered
on: 10.10.2013
Reg. data: 48149 Münster, HRB 14625
Manager:
Mazor Robotics GmbH
Borkstr. 10
D 48163 Münster
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 27.05.2009
Reg. data: 48149 Münster, HRB 12073
Manager:
MedK GmbH
Borkstr. 10
D 48163 Münster
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 10.10.2013
Reg. data: 48149 Münster, HRB 14625
Further functions/participations of Inge
Bröskamp (Manager)
Shareholder:
MedK GmbH
Borkstr. 10
D 48163 Münster
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 2,500.00
Registered
on: 10.10.2013
Reg. data: 48149 Münster, HRB 14625
Manager:
MedK GmbH
Borkstr. 10
D 48163 Münster
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 10.10.2013
Reg. data: 48149 Münster, HRB 14625
Main
industrial sector
70220
Business and other management consultancy activities
Secondary industrial sector
4646
Wholesale of pharmaceutical, medical and orthpedic goods
Shareholder:
Mazor Robotics GmbH
Borkstr. 10
D 48163 Münster
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 27.05.2009
Local court
48149 Münster
HRB 12073
Payment experience: within agreed terms
Negative information: We have no negative
information at hand.
Balance sheet year: 2013
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 Borkstr. 10
D 48163 Münster
Type of ownership: Tenant
Address Eschstr. 19
D 48167 Münster
Land register documents were not available.
Principal bank
SPARKASSE
MÜNSTERLAND OST, 48151 MÜNSTER, WESTF
Sort. code: 40050150
BIC: WELADED1MST
Turnover: 2013 *EUR 4,000,000.00
2014 *EUR 4,050,000.00
Profit:
2013 EUR 501,876.00
further business figures:
Equipment: *EUR 186,500.00
Ac/ts receivable: EUR 902,612.00
Liabilities: EUR 513,280.00
Employees:
28
The
business figures marked with an asterisk are estimates based
on
average values in the line of business.
Balance
sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 87.39
Liquidity ratio: 10.00
Return on total capital [%]: 7.74
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 89.08
Liquidity ratio: 10.00
Return on total capital [%]: 11.90
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 78.43
Liquidity ratio: 10.00
Return on total capital [%]: 15.05
Balance
sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 78.00
Liquidity ratio: 10.00
Return on total capital [%]: 13.90
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: 01.01.2013 - 31.12.2013
ASSETS EUR 6,524,162.24
Fixed assets
EUR 145,644.00
Intangible assets
EUR 77,081.00
Tangible assets
EUR 43,563.00
Financial assets
EUR 25,000.00
Other / unspecified financial assets EUR 25,000.00
Current assets
EUR 5,747,791.99
Stocks
EUR 532,447.50
Accounts receivable
EUR 902,612.45
Investments in current assets
EUR 1,804,839.66
Liquid means
EUR 2,507,892.38
Remaining other assets
EUR 630,726.25
Accruals (assets)
EUR 13,501.25
Active difference from asset
offsetting
EUR 617,225.00
LIABILITIES EUR 6,524,162.24
Shareholders' equity
EUR 5,706,276.76
Capital
EUR 30,000.00
Subscribed capital (share capital)
EUR 30,000.00
Balance sheet profit/loss (+/-)
EUR 5,676,276.76
Profit / loss brought forward
EUR 5,174,401.11
Annual surplus / annual deficit
EUR 501,875.65
Provisions
EUR 274,127.80
Liabilities
EUR 513,279.73
Other liabilities
EUR 30,477.95
Deferrals (liabilities)
EUR 30,477.95
Type
of balance
sheet:
Company balance sheet
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 5,835,215.73
Fixed assets EUR 213,800.00
Intangible assets
EUR 120,947.00
Tangible assets
EUR 67,853.00
Financial assets
EUR 25,000.00
Other / unspecified financial assets EUR 25,000.00
Current assets
EUR 4,985,433.76
Stocks
EUR 484,257.23
Accounts receivable
EUR 723,581.68
Investments
in current assets EUR 1,800,700.72
Liquid means
EUR 1,976,894.13
Remaining other assets
EUR 635,981.97
Accruals (assets)
EUR 23,324.64
Active difference from asset
offsetting
EUR 612,657.33
LIABILITIES EUR 5,835,215.73
Shareholders' equity
EUR 5,204,401.11
Capital EUR 30,000.00
Subscribed capital (share capital)
EUR 30,000.00
Balance sheet profit/loss (+/-)
EUR 5,174,401.11
Profit / loss brought forward
EUR 4,487,487.05
Annual surplus / annual deficit EUR 686,914.06
Provisions
EUR 356,796.38
Liabilities
EUR 269,438.24
Other liabilities
EUR 4,580.00
Deferrals (liabilities)
EUR 4,580.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.09 |
|
|
1 |
Rs.101.04 |
|
Euro |
1 |
Rs.70.85 |
INFORMATION DETAILS
|
Analysis Done by
: |
HEE |
|
|
|
|
Report Prepared
by : |
TPT |
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.