|
Report No. : |
346250 |
|
Report Date : |
27.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
ESM ENERGIE- UND SCHWINGUNGSTECHNIK
MITSCH GMBH |
|
|
|
|
Registered Office : |
Auf der Rut 5 D 64668 Rimbach |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
26.03.1988 |
|
|
|
|
Com. Reg. No.: |
HRB 41290 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
·
Manufacture of bearings, gears, gearing and
driving elements. ·
Wholesale of other equipment and
accessories for machinery and technical supplies. ·
Engineering activities in the field of
technical overall planning. |
|
|
|
|
No. of Employee : |
63 |
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 |
ESM
ENERGIE- UND SCHWINGUNGSTECHNIK MITSCH GMBH
Company Status: active
Auf der Rut 5
D 64668 Rimbach
Telephone:06253/98850
Telefax: 06253/988550
Homepage: www.esm-gmbh.de
E-mail: info@esm-gmbh.de
VAT
no.: DE111627786
Tax
ID number: 007 232 11912
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 26.03.1988
Begin of business
activities: 01.04.1996
Shareholders'
agreement: 26.03.1988
Registered on: 27.11.2002
Commercial Register: Local court 64283 Darmstadt
under: HRB
41290
EUR
500,000.00
Shareholder:
FM Holding GmbH
Im Rosengarten 16
D 64646 Heppenheim
Legal form: Private
limited company
Share capital: EUR 60,830.00
Share: EUR 350,000.00
Registered on: 21.06.2010
Reg. data: 64283
Darmstadt, HRB 88988
Shareholder:
Jasmin Mitsch-Saur
Im Rosengarten 16
D 64646 Heppenheim
born: 24.12.1986
Share: EUR 100,000.00
Shareholder:
Angelika Mitsch
Im Rosengarten 16
D 64646 Heppenheim
born: 21.04.1957
née: Bitsch
Share: EUR 50,000.00
Manager:
Franz Mitsch
Im Rosengarten 16
D 64646 Heppenheim
having sole power
of representation
born: 14.07.1954
Profession: graduate
engineer
Marital status: married
to: Angelika Mitsch
born Bitsch
born
21.04.1957
Proxy:
Angelika Mitsch
Im Rosengarten 16
D 64646 Heppenheim
having sole power of
representation
born: 21.04.1957
née: Bitsch
Marital status: married
Proxy:
Dr. Karl-Heinz Hanus
D 69509 Mörlenbach
born: 11.09.1957
Proxy:
Heide Kämmerer
D 64678 Lindenfels
born: 03.01.1962
Proxy:
Jasmin Mitsch-Saur
Im Rosengarten 16
D 64646 Heppenheim
authorized to jointly
represent the company
born: 24.12.1986
Proxy:
Tobias Schumacher
D 69502 Hemsbach
authorized to jointly represent
the company
born: 06.04.1978
Proxy:
Julian Saur
D 64646 Heppenheim
authorized to jointly
represent the company
born: 28.09.1986
Further functions/participations of Franz
Mitsch (Manager)
Limited partner:
FM Energie GmbH & Co.
KG
Brentanostr. 28
D 64646 Heppenheim
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 100,000.00
contribution:
Share: EUR 100,000.00
Registered
on: 27.01.2011
Reg. data: 64283 Darmstadt, HRA 84373
Limited partner:
PRO-WIND GmbH & Co.
Windkraft KG
Mainstr. 2
D 67574 Osthofen
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 266,000.00
contribution:
Share: EUR 28,000.00
Registered
on: 22.10.1998
Reg. data: 55116 Mainz, HRA 11327
Shareholder:
FM Holding GmbH
Im Rosengarten 16
D 64646 Heppenheim
Legal form: Private
limited company
Share capital: EUR 60,830.00
Share: EUR 60,830.00
Registered
on: 21.06.2010
Reg. data: 64283 Darmstadt, HRB 88988
Shareholder:
WinterHauchWind GmbH
Alte Bergsteige 65
D 74821 Mosbach
Legal form: Private
limited company
Share capital: EUR 26,500.00
Share: EUR 5,300.00
Registered
on: 07.12.1995
Reg. data: 68159 Mannheim, HRB 441380
Shareholder:
Odenwaldwind Gesellschaft
für regenerative
Energie mbH
Neutsch 8
D 64397 Modautal
Legal form: Private
limited company
Share capital: EUR 25,564.62
Share: EUR 4,261.11
Registered
on: 13.06.1994
Reg. data: 64283 Darmstadt, HRB 24520
Shareholder:
PRO-WIND GmbH
Mainstr. 2
D 67574 Osthofen
Legal form: Private
limited company
Share capital: EUR 26,600.00
Share: EUR 2,800.00
Registered
on: 27.08.1998
Reg. data: 55116 Mainz, HRB 11817
Manager:
Odenwaldwind Gesellschaft
für regenerative
Energie mbH
Neutsch 8
D 64397 Modautal
Legal form: Private limited
company
Share capital: EUR 25,564.62
Registered
on: 13.06.1994
Reg. data: 64283 Darmstadt, HRB 24520
Manager:
FM Holding GmbH
Im Rosengarten 16
D 64646 Heppenheim
Legal form: Private
limited company
Share capital: EUR 60,830.00
Registered
on: 21.06.2010
Reg. data: 64283 Darmstadt, HRB 88988
26.03.1988 - 23.04.1996 ENKO Antriebsentwicklung GmbH
D 64686 Lautertal
Private limited
company
24.04.1996 - 31.08.2002 ESM Energie- und Schwingungstechnik
Mitsch GmbH
Brentanostr. 28
D 64646 Heppenheim
Private limited
company
Main industrial sector
28150
Manufacture of bearings, gears, gearing and driving
elements
46693
Wholesale of other equipment and accessories for
machinery and technical supplies
71121
Engineering activities in the field of technical overall
planning
Payment experience: No Complaints
Negative information:We have no negative
information at hand.
Balance sheet year: 2013
Type of ownership: Tenant
Address Auf der Rut 5
D 64668 Rimbach
Land register documents were not available.
Principal bank
SPARKASSE STARKENBURG, 64646 HEPPENHEIM
(BERGSTRAßE)
Sort. code: 50951469, Account no.: 4532
BIC:
HELADEF1HEP, IBAN: DE54509514690000004532
Further bank
VOLKSBANK DARMSTADT - SÜDHESSEN, 64218
DARMSTADT
Sort. code: 50890000, Account no.: 51762606
BIC: GENODEF1VBD, IBAN: DE43508900000051762606
Turnover: 2014 EUR 7,312,500.00
Profit: 2013 EUR
2,675,112.00
further business figures:
Ac/ts receivable: EUR 4,487,923.00
Liabilities: EUR
1,459,382.00
Total numbers of vehicles: 8
-
Lorries:
2
-
Passenger cars: 6
Employees: 63
-
thereof permanent staff: 44
-
Part-time employees: 9
-
Temporary workers: 5
Balance
sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 79.78
Liquidity ratio: 10.00
Return on total capital [%]: 16.71
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 76.18
Liquidity ratio: 10.00
Return on total capital [%]: 16.32
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 84.08
Liquidity ratio: 10.00
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 76.94
Liquidity ratio: 10.00
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 16,019,422.50
Fixed assets
EUR 1,829,323.95
Intangible assets
EUR 17,739.00
Tangible assets
EUR 1,811,584.95
Current assets
EUR 14,145,187.89
Stocks
EUR 3,469,475.09
Accounts receivable
EUR 4,487,923.18
Liquid means
EUR 6,187,789.62
Remaining other assets
EUR 44,910.66
Accruals (assets)
EUR 10,728.98
Active difference from asset
offsetting
EUR 34,181.68
LIABILITIES
EUR 16,019,422.50
Shareholders' equity
EUR 12,782,493.72
Capital
EUR 500,000.00
Subscribed capital (share capital)
EUR 500,000.00
Balance
sheet profit/loss (+/-) EUR 12,282,493.72
Balance sheet profit / loss
EUR 12,282,493.72
Provisions
EUR 1,777,547.03
Liabilities
EUR 1,459,381.75
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Gross result (+/-)
EUR 10,491,413.86
Staff expenses
EUR 3,840,922.03
Wages and salaries EUR 3,169,463.53
Social security contributions and
expenses for pension plans and
benefits
EUR 671,458.50
Total depreciation
EUR 644,193.19
Other operating expenses
EUR 2,223,971.47
Operating result from continuing
operations
EUR 3,782,327.17
Interest result (+/-)
EUR -46,767.71
Interest and similar income
EUR 41,671.71
Interest and similar expenses
EUR 88,439.42
Financial result (+/-)
EUR -46,767.71
Result from ordinary operations (+/-)
EUR 3,735,559.46
Income
tax / refund of income tax (+/-)EUR
-1,058,209.76
Other taxes / refund of taxes
EUR -2,237.48
Tax
(+/-)
EUR -1,060,447.24
Annual surplus / annual deficit
EUR 2,675,112.22
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 17,200,547.47
Fixed assets
EUR 2,308,097.95
Intangible assets
EUR 35,613.50
Tangible assets
EUR 2,272,484.45
Current assets
EUR 14,845,808.33
Stocks
EUR 3,501,406.44
Accounts receivable
EUR 3,811,095.10
Liquid means
EUR 7,533,306.79
Remaining other assets EUR 46,641.19
Accruals (assets)
EUR 10,662.36
Active difference from asset
offsetting
EUR 35,978.83
LIABILITIES EUR 17,200,547.47
Shareholders' equity
EUR 13,107,381.50
Capital
EUR 500,000.00
Subscribed capital (share capital)
EUR 500,000.00
Balance sheet profit/loss (+/-)
EUR 12,607,381.50
Balance sheet profit / loss
EUR 12,607,381.50
Provisions
EUR 1,787,046.68
Liabilities
EUR 2,306,119.29
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales
EUR 11,890,886.67
Gross result (+/-)
EUR 11,890,886.67
Staff expenses
EUR 4,718,634.87
Wages
and salaries EUR 4,068,003.72
Social security contributions and
expenses for pension plans and
benefits
EUR 650,631.15
Total depreciation
EUR 680,525.15
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 680,525.15
Other operating expenses
EUR 2,529,714.54
Operating result from continuing
operations
EUR 3,962,012.11
Interest result (+/-)
EUR -15,853.69
Interest and similar income
EUR 51,541.69
thereof from related companies
EUR 51,541.69
Interest and similar expenses
EUR 67,395.38
Other financial result
EUR -15,221.42
Depreciation on financial assets and
marketable securities
EUR 15,221.42
Financial result (+/-)
EUR -31,075.11
Result from ordinary operations (+/-)
EUR 3,930,937.00
Income tax / refund of income tax (+/-)EUR -1,123,905.03
Other taxes / refund of taxes
EUR -1,997.48
Tax
(+/-)
EUR -1,125,902.51
Annual surplus / annual deficit
EUR 2,805,034.49
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.96 |
|
|
1 |
Rs.99.55 |
|
Euro |
1 |
Rs.71.64 |
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
|
|
|
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.