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Report No. : |
339837 |
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Report Date : |
11.09.2015 |
IDENTIFICATION DETAILS
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Name : |
CETOTEC GMBH |
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Registered Office : |
Zilzkreuz 23 D 53604 Bad Honnef |
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Country : |
Germany |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
13.09.1996 |
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Com. Reg. No.: |
HRB 8649 |
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Legal Form : |
Private limited company |
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Line of Business : |
Research and development on biotechnology |
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No. of Employee : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit: |
30,000 EUR |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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 |
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Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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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 |
CETOTEC GMBH
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
Share capital: 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: 30,000
EUR
The
maximum credit is our recommendation for
the maximum credit limit for the inquired company.
PMI: No significant / relevant payment experience
information pertaining to the company
inquired upon is shown in the Deutscher
Debitoren Monitor (DDMonitor).
Balance sheet year: 2013
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
Ac/ts receivable: EUR 396,489.00
Liabilities: EUR 401,125.00
The
number of employees is not known.
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
Balance
sheet ratios 01.01.2010 -
31.12.2010
Equity ratio [%]: 46.85
Liquidity ratio: 10.00
Return on total capital [%]: 1.36
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 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
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 972,406.65
Fixed assets
EUR 140,086.00
Intangible assets EUR 3.00
Tangible assets
EUR 140,083.00
Current assets
EUR 830,442.13
Stocks
EUR 98,200.00
Accounts receivable EUR 313,547.85
Liquid means
EUR 418,694.28
Remaining other assets
EUR 1,878.52
Accruals (assets)
EUR 1,878.52
LIABILITIES EUR 972,406.65
Shareholders' equity
EUR 619,824.20
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 542,432.61
Profit / loss brought forward
EUR 494,494.41
Annual surplus / annual deficit
EUR 47,938.20
Provisions
EUR 128,946.47
Liabilities
EUR 223,635.98
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.29 |
|
|
1 |
Rs.101.89 |
|
Euro |
1 |
Rs.73.98 |
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
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Report Prepared
by : |
SDA |
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 |
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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.