|
Report No. : |
345788 |
|
Report Date : |
21.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
LEICA
MIKROSYSTEME VERTRIEB GMBH |
|
|
|
|
Registered Office : |
Ernst-Leitz-Str. 17-37,D 35578 Wetzlar |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
17.10.1985 |
|
|
|
|
Legal Form : |
Private
Limited Company |
|
|
|
|
Line of Business : |
· Agents involved in the sale of fine mechanical, photo and optical products · Wholesale of electrial domestic appliances · Wholesale of nonelectric domestic appliances, metal and other household goods |
|
|
|
|
No. of Employee : |
189 |
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 – 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 |
LEICA MIKROSYSTEME VERTRIEB GMBH
Company Status: active
Ernst-Leitz-Str. 17-37
D 35578 Wetzlar
Telephone: 06441/29-0
Telefax: 06441/29-2599
Homepage: www.leica-microsystems.com
E-mail: webmaster@leica-microsystems.com
VAT no.: DE812487602
Business relations are
permissible.
LEGAL FORM Private
limited company
Date of foundation: 17.10.1985
Shareholders'
agreement: 17.10.1985
Registered on: 13.08.2007
Commercial Register: Local court 35578 Wetzlar
under: HRB
5464
EUR 26,000.00
Leica
Microsystems Holdings GmbH
Ernst-Leitz-Str.
17-37
D
35578 Wetzlar
Legal
form: Private limited company
Share
capital: EUR 26,002,740.00
Share: EUR 26,000.00
Registered on: 18.01.1930
Reg.
data: 35578 Wetzlar, HRB 7
Profit
transfer agreement
Harald
Schwenk
D
50259 Pulheim
authorized
to jointly represent the company
born:
02.06.1965
Manager:
Melanie Hammerschmidt-Broman
D
61267 Neu-Anspach
authorized to jointly represent the company
born: 14.03.1969
née:
Hammerschmidt
Manager:
Frank
Bunge
D
55116 Mainz
authorized to jointly represent the company
born:
15.11.1959
Peter
Hausammann
D
64354 Reinheim
authorized to jointly represent the company
born:
31.12.1954
Proxy:
Karim
Safaee
D 61348 Bad Homburg
authorized to jointly represent the company
born:
13.12.1966
Proxy:
Yves
Janin
F Boeurs en Othe
authorized to jointly represent the company
born:
12.01.1962
Nationality: French
Proxy:
Dr.
Jürgen Kreß
D
61440 Oberursel
authorized to jointly represent the company
born:
15.03.1971
Further
functions/participations of Harald Schwenk (Manager)
Manager:
Leica
Microsystems Holdings GmbH
Ernst-Leitz-Str. 17-37
D
35578 Wetzlar
Legal form: Private limited
company
Share
capital: EUR 26,002,740.00
Registered
on: 18.01.1930
Reg.
data: 35578 Wetzlar, HRB 7
Manager:
Leica
Microsystems IR GmbH
Ernst-Leitz-Str. 17-37
D
35578 Wetzlar
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 22.03.2000
Reg.
data: 35578 Wetzlar, HRB 2349
Manager:
Leica
Microsystems GmbH
Ernst-Leitz-Str. 17-37
D 35578 Wetzlar
Legal
form: Private limited company
Share
capital: EUR 12,000,000.00
Registered
on: 19.12.2005
Reg.
data: 35578 Wetzlar, HRB 5187
Manager:
Leica
Microsystems CMS GmbH
Ernst-Leitz-Str. 17-37
D
35578 Wetzlar
Legal
form: Private limited company
Share capital: EUR 196,000.00
Registered
on: 12.03.2001
Reg.
data: 35578 Wetzlar, HRB 2432
Further
functions/participations of Melanie Hammerschmidt-Broman
(Manager)
Manager:
Leica
Microsystems Holdings GmbH
Ernst-Leitz-Str. 17-37
D
35578 Wetzlar
Legal
form: Private limited company
Share
capital: EUR
26,002,740.00
Registered
on: 18.01.1930
Reg.
data: 35578 Wetzlar, HRB 7
Manager:
Leica
Microsystems IR GmbH
Ernst-Leitz-Str. 17-37
D
35578 Wetzlar
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 22.03.2000
Reg. data: 35578 Wetzlar, HRB 2349
Manager:
Danaher Evolution GmbH
Bismarckring 39
D
88400 Biberach
Legal
form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 16.06.2005
Reg.
data: 89073 Ulm, HRB 641890
Manager:
Leica
Microsystems CMS GmbH
Ernst-Leitz-Str. 17-37
D
35578 Wetzlar
Legal
form: Private limited company
Share
capital: EUR 196,000.00
Registered
on: 12.03.2001
Reg.
data: 35578 Wetzlar, HRB 2432
Proxy:
Leica
Microsystems GmbH
Ernst-Leitz-Str. 17-37
D
35578 Wetzlar
Legal
form: Private limited company
Share
capital: EUR 12,000,000.00
Registered
on: 19.12.2005
Reg.
data: 35578 Wetzlar, HRB 5187
17.10.1985 - 28.07.1991 Leica
Vertrieb GmbH
Ernst-Leitz-Str. 1
D 35578 Wetzlar
Private
limited company
29.07.1991 -
13.05.1998 Leica Vertrieb GmbH
Lilienthalstr.
39-45
D 64625 Bensheim
Private limited company
13.05.1998 -
13.08.2007 Leica Mikrosysteme Vertrieb GmbH
Lilienthalstr.
39-45
D 64625 Bensheim
Private limited company
RESIGNED ACTING PERSONS AND
SHAREHOLDERS
15.01.2015 -
05.10.2015 Manager
Knud Müller
D 64625 Bensheim
09.02.2012 - 05.01.2015 Manager
Cornelis Johannes Maria
van Ophem
CH Gryon
21.08.2007 -
05.01.2015 Manager
Colin Ernest Davis
GB - London
Main industrial sector
46181 Agents involved in the sale of fine
mechanical, photo and optical products
46432 Wholesale of electrial domestic appliances
46495 Wholesale of nonelectric domestic
appliances, metal and other household goods
Branch:
Leica
Mikrosysteme Vertrieb GmbH
D
80333 München
Branch:
Leica
Mikrosysteme Vertrieb GmbH
D
70173 Stuttgart
Branch:
Leica Mikrosysteme Vertrieb GmbH
D
50667 Köln
Branch:
Leica
Mikrosysteme Vertrieb GmbH
D
60313 Frankfurt
Branch:
Leica
Mikrosysteme Vertrieb GmbH
Tiergartenstr. 9
D
64646 Heppenheim
Branch:
Leica
Mikrosysteme Vertrieb GmbH
Immenweg 4
D
21220 Seevetal
TEL.:
04105/83356
Payment experience: within agreed terms
Negative information:We
have no negative information at hand.
Balance sheet year: 2014
Type of ownership: Tenant
Address Ernst-Leitz-Str.
17-37
D
35578 Wetzlar
Land register documents
were not available.
Principal banks
COMMERZBANK, 60005
FRANKFURT AM MAIN
Sort. code: 50040000
BIC: COBADEFFXXX
DEUTSCHE BANK PRIVAT UND
GESCHÄFTSKUNDEN, 35524 WETZLAR
Sort. code: 51570024
BIC: DEUTDEDB515
COMMERZBANK VORMALS
DRESDNER BANK, 64219 DARMSTADT
Sort. code: 50880050
BIC: DRESDEFF508
POSTBANK, 60288 FRANKFURT
AM MAIN
Sort. code: 50010060
BIC: PBNKDEFFXXX
Turnover: 2013 EUR 179,636,174.00
2014 EUR 195,626,523.00
Profit: 2013 EUR 6,229,708.00
2014 EUR 7,400,000.00
further business figures:
Equipment:
EUR 2,219,243.00
Ac/ts receivable: EUR 49,388,892.00
Liabilities: EUR 63,094,236.00
Employees:
189
-
thereof permanent staff: 182
-
Part-time employees: 7
Profit transfer agreement
to:
Leica
Microsystems Holdings GmbH
Ernst-Leitz-Str. 17-37
D
35578 Wetzlar
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 18.45
Liquidity ratio: 1.27
Return on total capital
[%]: 9.43
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 23.73
Liquidity ratio: 1.85
Return on total capital
[%]: 9.34
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 21.03
Liquidity ratio: 1.55
Return on total capital
[%]: 19.80
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 32.16
Liquidity ratio: 5.41
Return on total capital
[%]: 31.27
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 78,461,869.74
Fixed assets
EUR 8,581,744.82
Intangible assets
EUR 2,973,804.15
Concessions, licences, rights
EUR 4,804.15
Customer base
EUR 2,969,000.00
Tangible assets
EUR 2,219,243.42
Other tangible assets / fixtures and
fittings
EUR 2,219,243.42
Financial assets
EUR 3,388,697.25
Securities included in fixed assets
EUR 776,605.25
Other loans
EUR 2,612,092.00
Current assets
EUR 69,452,735.41
Stocks
EUR 9,764,346.10
Finished goods / work in progress
EUR 9,764,346.10
Accounts receivable
EUR 49,388,891.79
Trade debtors
EUR 31,613,175.74
Amounts due from related companies
EUR 17,479,903.78
Other debtors and assets
EUR 295,812.27
Liquid means
EUR 10,299,497.52
Remaining other assets
EUR 427,389.51
Accruals (assets)
EUR 427,389.51
LIABILITIES EUR 78,461,869.74
Shareholders' equity
EUR 536,827.00
Capital
EUR 26,000.00
Subscribed capital (share capital)
EUR 26,000.00
Reserves EUR 510,827.00
Retained earnings / revenue reserves EUR 510,827.00
Provisions
EUR 12,416,140.97
Pension provisions and comparable
provisions EUR 7,989,556.00
Other / unspecified provisions
EUR 4,426,584.97
Liabilities
EUR 63,094,236.24
Other liabilities
EUR 63,094,236.24
Trade creditors (for IAS incl. bills
of exchange)
EUR 2,764,967.37
Liabilities from received advance
payments
EUR 880,626.46
Liabililties due to related companiesEUR 58,984,569.07
Unspecified other liabilities
EUR 464,073.34
thereof liabilities from tax /
financial authorities
EUR 217,256.81
Other liabilities
EUR 2,414,665.53
Deferrals (liabilities)
EUR 2,414,665.53
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 195,626,523.33
Other operating income
EUR 1,362,086.57
Cost of materials
EUR 149,028,180.91
Raw materials and supplies, purchased
goods
EUR 149,028,180.91
Gross result (+/-)
EUR 47,960,428.99
Staff expenses EUR 15,557,594.60
Wages and salaries
EUR 12,981,449.26
Social security contributions and
expenses for pension plans and
benefits
EUR 2,576,145.34
Total depreciation
EUR 1,204,166.13
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,204,166.13
Other operating expenses EUR 22,853,231.36
Operating result from continuing
operations
EUR 8,345,436.90
Interest result (+/-)
EUR -945,436.90
Interest and similar income
EUR 32,568.32
Interest and similar expenses
EUR 978,005.22
thereof paid to related companies
EUR 541,817.02
Financial result (+/-)
EUR -945,436.90
Result from ordinary operations (+/-)
EUR 7,400,000.00
Expenses for transfer of profits to a
parent company
EUR 7,400,000.00
Annual surplus / annual deficit
EUR 0.00
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 66,732,869.56
Fixed assets
EUR 4,670,348.31
Intangible assets
EUR 6,528.19
Concessions, licences, rights
EUR 6,528.19
Tangible assets
EUR 1,276,036.76
Other tangible assets / fixtures and
fittings
EUR 1,276,036.76
Financial assets
EUR 3,387,783.36
Securities included in fixed assets
EUR 687,129.36
Other loans
EUR 2,700,654.00
Current assets
EUR 61,762,399.91
Stocks
EUR 9,848,694.94
Finished goods / work in progress
EUR 9,848,694.94
Accounts receivable EUR 29,845,906.41
Trade debtors
EUR 24,632,063.66
Amounts due from related companies
EUR 5,119,746.13
Other debtors and assets
EUR 94,096.62
Liquid means EUR 22,067,798.56
Remaining other assets
EUR 300,121.34
Accruals (assets)
EUR 300,121.34
LIABILITIES EUR 66,732,869.56
Shareholders'
equity EUR 536,827.00
Capital
EUR 26,000.00
Subscribed capital (share capital)
EUR 26,000.00
Reserves
EUR 510,827.00
Retained earnings / revenue reserves EUR 510,827.00
Provisions
EUR 10,832,453.21
Pension provisions and comparable
provisions
EUR 7,697,959.00
Other / unspecified provisions
EUR 3,134,494.21
Liabilities
EUR 53,459,445.36
Other liabilities
EUR 53,459,445.36
Trade creditors (for IAS incl. bills
of exchange) EUR 2,372,201.73
Liabilities from received advance
payments
EUR 1,714,877.97
Liabililties due to related companiesEUR 49,044,325.09
Unspecified other liabilities
EUR 328,040.57
thereof liabilities from tax /
financial authorities
EUR 190,566.80
Other liabilities
EUR 1,904,143.99
Deferrals (liabilities)
EUR 1,904,143.99
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 179,636,174.42
Other operating income
EUR 1,856,887.50
Cost of materials EUR 138,172,816.44
Raw materials and supplies, purchased
goods
EUR 138,172,816.44
Gross result (+/-)
EUR 43,320,245.48
Staff expenses
EUR 13,507,133.64
Wages and salaries
EUR 11,085,756.11
Social security contributions and
expenses for pension plans and
benefits
EUR 2,421,377.53
Total depreciation EUR 586,336.76
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 586,336.76
Other operating expenses
EUR 22,176,899.73
Operating result from continuing
operations
EUR 7,049,875.35
Interest result (+/-)
EUR -820,167.35
Interest and similar income
EUR 21,592.32
Interest and similar expenses
EUR 841,759.67
thereof paid to related companies
EUR 431,873.38
Financial result (+/-)
EUR -820,167.35
Result from ordinary operations (+/-)
EUR 6,229,708.00
Expenses for transfer of profits to a
parent company
EUR 6,229,708.00
Annual surplus / annual deficit
EUR 0.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.89 |
|
|
1 |
Rs.100.39 |
|
Euro |
1 |
Rs.73.52 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
ASH |
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.