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Report No. : |
343826 |
|
Report Date : |
05.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
OPTOTECH OPTIKMASCHINEN GMBH |
|
|
|
|
Registered Office : |
Löbstedter Str. 74, D 07749 Jena |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2013 |
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|
|
|
Date of Incorporation : |
10.10.1985 |
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|
|
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Com. Reg. No.: |
HRB 501421 |
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|
|
Legal Form : |
Private Limited Company |
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|
|
|
Line of Business : |
· Manufacture of optical instruments and photographic equipment ·
Manufacture of other special-purpose machinery ·
Wholesale of photo and optical goods ·
Engineering activities in the field of technical
overall planning |
|
|
|
|
No. of Employees : |
177 |
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 |
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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 |
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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 |
Your inquiry: OptoTech
Optikmaschinen GmbH, Sandusweg 2-4, D 35435 Wettenberg
The subject of your inquiry is a branch. We are reporting on the
headquarters.
OPTOTECH
OPTIKMASCHINEN GMBH
Company Status: active
Löbstedter Str. 74
D 07749 Jena
Telephone:03641/6369342
Telefax: 03641/426805
Homepage: www.optotech.de
E-mail: jena@optotech.de
VAT no.: DE112625695
LEGAL FORM Private limited
company
Date of foundation: 10.10.1985
Registered on: 03.05.2007
Commercial Register: Local court 07745 Jena
under: HRB 501421
Share capital:
EUR 3,500,000.00
Shareholder:
Roland Mandler GmbH & Co. KG
Sandusweg 2-4
D 35435
Wettenberg
Legal form:
Ltd partnership with priv. ltd.
company as
general partner
Total
cap. EUR 50,000.00
contribution:
Share: EUR 3,500,000.00
Registered
on: 02.06.2008
Reg. data:
35390 Gießen, HRA 3940
Manager:
Roland Mandler
D 35452
Heuchelheim
having sole
power of representation
born:
24.05.1954
Profession:
Mechanical engineer
Marital
status: married
Proxy:
Tomas Mandler
Berkenhoffstr. 2a
D 35452
Heuchelheim
having sole
power of representation
born:
27.07.1982
Proxy:
Wolfgang W. Schmidt
D 35444
Biebertal
having sole
power of representation
born:
06.08.1953
Further functions/participations of Roland Mandler (Manager)
Limited partner:
Roland
Mandler GmbH & Co. KG
Sandusweg 2-4
D 35435
Wettenberg
Legal form:
Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 50,000.00
contribution:
Share: EUR 50,000.00
Registered
on: 02.06.2008
Reg.
data: 35390 Gießen, HRA 3940
Limited partner:
AllesBrille
GmbH & Co. KG
Schlüterstr.
73
D 12623
Berlin
Legal form:
Ltd partnership with priv. ltd.
company
as general partner
Total
cap. EUR 150,000.00
contribution:
Share: EUR 50,000.00
Registered
on: 07.01.2013
Reg.
data: 14057 Berlin, HRA 47694 B
Shareholder:
Mandler
Verwaltungs GmbH
Sandusweg 2-4
D 35435
Wettenberg
Legal form:
Private limited company
Share
capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 20.05.2008
Reg.
data: 35390 Gießen, HRB 6796
Shareholder:
123 brille
Verwaltungs GmbH
Schlüterstr.
73
D 10625
Berlin
Legal form:
Private limited company
Share
capital: EUR 25,002.00
Share: EUR 8,334.00
Registered
on: 20.12.2012
Reg.
data: 14057 Berlin, HRB 146771 B
Manager:
Mandler
Verwaltungs GmbH
Sandusweg 2-4
D 35435
Wettenberg
Legal form:
Private limited company
Share
capital: EUR 25,000.00
Registered
on: 20.05.2008
Reg.
data: 35390 Gießen, HRB 6796
10.10.1985 - 03.05.2007 OptoTech
Optikmaschinen GmbH (AG Gießen
HRB 1321)
Sandusweg
2-4
D 35435 Wettenberg
Private
limited company
Sectors
26700 Manufacture of optical
instruments and photographic equipment
28990 Manufacture of other
special-purpose machinery n.e.c.
46431 Wholesale of photo and
optical goods
71121 Engineering activities in
the field of technical overall planning
Works:
OptoTech
Optikmaschinen GmbH
Sandusweg 2-4
D 35435
Wettenberg
TEL.:
0641/98203-0
Branch:
OptoTech
Optikmaschinen GmbH
Bahnhofstr.
32
D 69115
Heidelberg
TEL.:
06221/9853492
Payment experience: within agreed
terms
Negative information: We have no negative information at hand.
Type of ownership: Tenant
Address Löbstedter
Str. 74
D 07749 Jena
Real Estate of: Roland Mandler
Type of ownership: proprietor
Share: 100.00 %
Address
Berkenhoffstr. 2
D 35452
Heuchelheim
Land register documents were not available.
COMMERZBANK, 35348 GIEßEN, LAHN
Sort. code: 51340013
BIC: COBADEFFXXX
VOLKSBANK HEUCHELHEIM, 35452 HEUCHELHEIM, KR GIEßEN
Sort. code: 51361021
BIC: GENODE51HHE
SPARKASSE JENA-SAALE-HOLZLAND, 07740 JENA
Sort. code: 83053030
BIC: HELADEF1JEN
Gross
profit or loss:2013
EUR 19,732,857.00
2014 *EUR 19,800,000.00
Profit: 2013 EUR 1,661,941.00
further
business figures:
Equipment: EUR 399,834.00
Ac/ts
receivable:
EUR 13,204,222.00
Liabilities: EUR 19,445,689.00
Total
numbers of vehicles: 10
-
Passenger cars:
3
Employees:
177
-
Trainees:
15
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 [%]:
19.36
Liquidity ratio:
0.59
Return on total capital [%]:
6.06
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]:
17.32
Liquidity ratio:
0.58
Return on total capital [%]:
6.47
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]:
16.89
Liquidity ratio:
0.65
Return on total capital [%]:
8.08
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]:
14.56
Liquidity ratio:
0.53
Return on total capital [%]:
3.64
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 31,326,637.14
Fixed assets EUR 4,764,221.86
Intangible assets EUR 1,051,634.00
Internally generated industrial
property rights and similar rights
and assets EUR 802,874.00
Other / unspecified intangible
assetsEUR 248,760.00
Tangible assets EUR 1,512,351.00
Land / similar rights EUR 430,884.00
Plant / machinery EUR 681,633.00
Other tangible assets / fixtures and
fittings EUR 399,834.00
Financial assets EUR 2,200,236.86
Shares in participations /
subsidiaries and the like EUR 2,179,738.95
Shares in related companies EUR 2,179,738.95
Other / unspecified financial assets
EUR 20,497.91
Current assets EUR 26,430,534.24
Stocks EUR 12,963,648.87
Received advance payments for orders
(depreciated on the assets side) EUR
-2,761,468.12
Accounts receivable EUR
13,204,221.73
Other debtors and assets EUR 13,204,221.73
Liquid means EUR 262,663.64
Remaining other assets EUR 131,881.04
Accruals (assets) EUR 131,881.04
LIABILITIES EUR 31,326,637.14
Shareholders' equity EUR 7,557,733.96
Capital EUR 3,500,000.00
Subscribed capital (share capital) EUR
3,500,000.00
Reserves EUR 263,174.65
Retained earnings / revenue reserves
EUR 263,174.65
Balance sheet profit/loss (+/-) EUR 3,794,559.31
Profit / loss brought forward EUR 2,387,868.21
Annual surplus / annual deficit EUR 1,406,691.10
Items between shareholders' equity and
debt capital EUR 2,500,000.00
Mezzanine financing EUR 2,500,000.00
Contributions of silent partners EUR 2,500,000.00
Provisions EUR 1,693,218.87
Liabilities EUR 19,445,689.31
Financial debts EUR 15,594,792.22
Liabilities due to banks EUR 15,594,792.22
Other liabilities EUR 3,850,897.09
Unspecified other liabilities EUR 3,850,897.09
Other liabilities EUR 129,995.00
Deferred taxes (not included under
provisions/liabilities) EUR 129,995.00
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Gross result (+/-) EUR 19,732,857.02
Staff expenses EUR 9,214,573.67
Wages and salaries EUR 7,780,030.90
Social security contributions and
expenses for pension plans and
benefits
EUR 1,434,542.77
Total depreciation EUR 809,257.74
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 809,257.74
Other operating expenses EUR 6,610,865.70
Operating result from continuing
operations EUR 3,098,159.91
Interest result (+/-) EUR -633,845.41
Interest and similar income EUR 119,637.10
Interest and similar expenses EUR 753,482.51
Financial result (+/-) EUR -633,845.41
Result from ordinary operations (+/-) EUR
2,464,314.50
Extraordinary income EUR 2,076.32
Extraordinary expenses EUR 125,000.00
Extraordinary result (+/-) EUR -122,923.68
Expenses for transfer of profits to a
parent company EUR 255,250.00
Income tax / refund of income tax
(+/-)EUR -669,727.79
Other taxes / refund of taxes EUR -9,721.93
Tax (+/-) EUR -679,449.72
Annual surplus / annual deficit EUR 1,406,691.10
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 28,220,581.57
Fixed assets EUR 4,500,109.61
Intangible assets EUR 967,804.00
Internally generated industrial
property rights and similar rights
and assets EUR 751,233.00
Other / unspecified intangible
assetsEUR 216,571.00
Tangible assets EUR 1,398,710.00
Land / similar rights EUR 279,780.00
Plant / machinery EUR 735,913.00
Other tangible assets / fixtures and
fittings EUR 383,017.00
Financial assets EUR 2,133,595.61
Shares in participations /
subsidiaries and the like EUR 2,133,595.61
Shares in related companies EUR 2,133,095.61
Shares in cooperatives EUR 500.00
Current assets EUR 23,494,022.75
Stocks EUR 11,782,157.37
Received advance payments for orders
(depreciated on the assets side) EUR
-2,696,171.02
Accounts receivable EUR 11,695,179.20
Other debtors and assets EUR 11,695,179.20
Liquid means EUR 16,686.18
Remaining other assets EUR 226,449.21
Accruals (assets) EUR 226,449.21
LIABILITIES EUR 28,220,581.57
Shareholders' equity EUR 6,151,042.86
Capital EUR 3,500,000.00
Subscribed capital (share capital) EUR
3,500,000.00
Reserves EUR 263,174.65
Retained earnings / revenue reserves
EUR 263,174.65
Balance sheet profit/loss (+/-) EUR 2,387,868.21
Profit / loss brought forward EUR 911,513.05
Annual surplus / annual deficit EUR 1,476,355.16
Items between shareholders' equity and
debt capital EUR 2,885,000.00
Mezzanine financing EUR 2,885,000.00
Contributions of silent partners EUR 2,885,000.00
Provisions EUR 1,466,567.67
Liabilities EUR 17,652,309.04
Financial debts EUR
13,501,353.17
Liabilities due to banks EUR 13,501,353.17
Other liabilities EUR 4,150,955.87
Unspecified other liabilities EUR 4,150,955.87
thereof liabilities from tax /
financial authorities EUR 82,231.11
thereof liabilities from social
security EUR 23,192.63
Other liabilities EUR 65,662.00
Deferred taxes (not included under
provisions/liabilities) EUR 65,662.00
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Gross result (+/-) EUR 19,251,688.09
Staff expenses EUR 7,874,913.44
Wages and salaries EUR 6,637,805.03
Social security contributions and
expenses for pension plans and
benefits EUR 1,237,108.41
Total depreciation EUR 636,635.87
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 636,635.87
Other operating expenses EUR 7,138,282.82
Operating result from continuing
operations EUR 3,601,855.96
Interest result (+/-) EUR -1,158,583.64
Interest and similar income EUR 104,093.62
Interest and similar expenses EUR 1,262,677.26
Financial result (+/-) EUR -1,158,583.64
Result from ordinary operations (+/-) EUR
2,443,272.32
Expenses for transfer of profits to a
parent company EUR 249,475.00
Income tax / refund of income tax
(+/-)EUR -707,395.38
Other taxes / refund of taxes EUR -10,046.78
Tax (+/-) EUR -717,442.16
Annual surplus / annual deficit EUR 1,476,355.16
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.55 |
|
|
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.73.08 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
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.