MIRA INFORM REPORT

 

 

Report No. :

340804

Report Date :

14.09.2015

 

IDENTIFICATION DETAILS

 

Name :

PTW-FREIBURG PHYSIKALISCH-TECHNISCHE WERKSTÄTTEN DR. PYCHLAU GMBH

 

 

Registered Office :

Lörracher Str. 7, D 79115 Freiburg

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2013

 

 

Year of Establishment :

1920

 

 

Legal Form :

Private limited company

 

 

Line of Business :

Subject is manufacture of instruments and appliances for measuring, testing and navigation

 

 

No. of Employee :

222

 

 

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

Company name and address

 

PTW-FREIBURG PHYSIKALISCH-TECHNISCHE WERKSTÄTTEN DR. PYCHLAU GMBH

 

Company Status:      active

                      Lörracher Str. 7

                      D 79115 Freiburg

                      Telephone:0761/49055-0

                      Telefax:  0761/4905570

                      Homepage: www.ptw.de

                      E-mail:   info@ptw.de

 

 VAT no.:                      DE142111659

 Tax ID number:             06448/43604

 

 

 CONCLUSION

 

 Business relations are permissible.

 LEGAL FORM              Private limited company

 Date of foundation:      1920

 Registered on:             21.06.1978

 Commercial Register:   Local court 79098 Freiburg

 under:                          HRB 1673

 

 

Share capital

 

EUR          1,000,000.00

 

 

Shareholder

 

                      Dr. Hans Christian Herbert Pychlau

                      D 79100 Freiburg

                      born: 31.01.1958

                      Share:             EUR            702,700.00

 Shareholder:

                      Annegret Christine Hayward

                      CDN Ottowa Canada

                      born: 29.04.1966

                      Share:             EUR             67,600.00

 Shareholder:

                      Franziska Annette Löffler

                      D 79271 St. Peter

                      born: 17.10.1968

                      Share:             EUR             67,500.00

 Shareholder:

                      Lia Pychlau-Ezli

                      D 61462 Königstein

                      born: 11.09.1984

                      Share:             EUR             27,025.00

 Shareholder:

                      Anne Arifi

                      D 56355 Winterwerb

                      born: 26.03.1987

                      Share:             EUR             27,025.00

 Shareholder:

                      Sophie Pychlau

                      D 61462 Königstein

                      born: 26.01.1990

                      Share:             EUR             27,025.00

 Shareholder:

                      Helen Pychlau

                      D 61462 Königstein

                      born: 26.09.1992

                      Share:             EUR             27,025.00

 Shareholder:

                      Dr. Tobias Schüle

                      D 72070 Tübingen

                      born: 05.06.1979

                      Share:             EUR             26,500.00

 Shareholder:

                      Michael Schüle

                      D 79110 Freiburg

                      born: 29.06.1981

                      Share:             EUR             26,500.00

 Shareholder:

                      Dr.rer.nat. Edmund Schüle

                      Gartenstr. 6

                      D 79232 March

                      born: 28.04.1952

                      Share:             EUR              1,100.00

 

 

Manager

 

                      Christian Pychlau

                      Mercystr. 42

                      D 79100 Freiburg

                      having sole power of representation

                      born: 03.01.1968

                      Profession: Engineer

                      Marital status: married

 Manager:

                      Dr.rer.nat. Edmund Schüle

                      Gartenstr. 6

                      D 79232 March

                      having sole power of representation

                      born: 28.04.1952

                      Marital status: married

 

 

BUSINESS ACTIVITIES

 

Main industrial sector

26512   Manufacture of instruments and appliances for measuring, testing and navigation

 

 

FINANCIAL INFORMATION

 

Payment experience:  within agreed terms

 

Negative information:We have no negative information at hand.

 

Balance sheet year:  2013

 

 

REAL ESTATE

 

Type of ownership:        Tenant

Address                        Lörracher Str. 7

                                    D 79115 Freiburg

 

Land register documents were not available.

 

 

BANKERS

 

Principal banks

SPARKASSE FREIBURG-NÖRDLICHER BREISGAU, 79098 FREIBURG IM

BREISGAU

Sort. code: 68050101

BIC: FRSPDE66XXX

POSTBANK, 76127 KARLSRUHE, BADEN

Sort. code: 66010075

BIC: PBNKDEFFXXX

 

 

FINANCIAL FIGURES

 

Gross profit or loss:2013               EUR         30,447,631.00

Profit:              2013               EUR          3,159,147.00

Equipment:                              EUR          2,416,457.00

Ac/ts receivable:                       EUR          7,013,429.00

Liabilities:                            EUR         35,866,295.00

Employees:                                                    222

 

 

BALANCE SHEETS

 

 Balance sheet ratios 01.01.2013 - 31.12.2013

 Equity ratio [%]:                 80.69

 Liquidity ratio:                  10.00

 Return on total capital [%]:       7.32

 

 Balance sheet ratios 01.01.2012 - 31.12.2012

 Equity ratio [%]:                 81.59

 Liquidity ratio:                  10.00

 Return on total capital [%]:      17.22

 

 Balance sheet ratios 01.01.2011 - 31.12.2011

 Equity ratio [%]:                 81.87

 Liquidity ratio:                  10.00

 Return on total capital [%]:      15.42

 

 Balance sheet ratios 01.01.2010 - 31.12.2010

 Equity ratio [%]:                 79.75

 Liquidity ratio:                  10.00

 Return on total capital [%]:      17.06

 

 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

 

 Financial year:      01.01.2013 - 31.12.2013

 

 ASSETS                                  EUR         43,594,270.36

  Fixed assets                           EUR         12,805,015.78

   Intangible assets                     EUR            116,236.00

   Tangible assets                       EUR          7,707,867.62

    Land / similar rights                EUR          3,339,867.90

    Plant / machinery                    EUR          1,245,877.00

    Other tangible assets / fixtures and

    fittings                             EUR          2,416,457.00

    Advance payments made / construction

    in progress                          EUR            705,665.72

   Financial assets                      EUR          4,980,912.16

    Shares in participations /

    subsidiaries and the like            EUR          2,066,162.72

     Shares in related companies         EUR          2,066,162.72

    Securities included in fixed assets  EUR          2,914,749.44

  Current assets                         EUR         30,712,896.41

   Stocks                                EUR         13,559,470.99

   Accounts receivable                   EUR          7,013,429.45

    Trade debtors                        EUR          4,577,423.97

    Amounts due from related companies   EUR          2,436,005.48

   Investments in current assets         EUR          1,333,014.63

   Liquid means                          EUR          8,806,981.34

  Remaining other assets                 EUR             76,358.17

   Accruals (assets)                     EUR             76,358.17

 

 LIABILITIES                             EUR         43,594,270.36

  Shareholders' equity                   EUR          4,159,147.45

   Capital                               EUR          1,000,000.00

    Subscribed capital (share capital)   EUR          1,000,000.00

   Balance sheet profit/loss (+/-)       EUR          3,159,147.45

    Annual surplus / annual deficit      EUR          3,159,147.45

  Provisions                             EUR          3,544,452.63

  Liabilities                            EUR         35,866,295.28

   thereof total due to shareholders     EUR         31,028,962.40

   Other liabilities                     EUR                  0.00

    Unspecified other liabilities        EUR                  0.00

     thereof liabilities from tax /

     financial authorities               EUR            198,015.69

  Other liabilities                      EUR             24,375.00

   Deferrals (liabilities)               EUR             24,375.00

  Guarantees and other commitments       EUR            156,000.00

   Guarantees / warranties               EUR            156,000.00

    Warranties                           EUR            156,000.00

 

 PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.

 Code (HGB)

  Gross result (+/-)                     EUR         30,447,630.57

  Staff expenses                         EUR         14,669,294.69

   Wages and salaries                    EUR         12,326,472.85

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR          2,342,821.84

  Total depreciation                     EUR            937,953.56

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR            937,953.56

  Other operating expenses               EUR          7,698,123.96

  Operating result from continuing

  operations                             EUR          7,142,258.36

  Result from participating interests

  (+/-)                                  EUR            394,409.37

   Expenses / income from participations EUR            394,409.37

    Income from related companies        EUR            394,409.37

  Interest result (+/-)                  EUR           -526,128.23

   Interest and similar income           EUR            102,669.82

   Interest and similar expenses         EUR            628,798.05

  Other financial result                 EUR         -1,416,036.66

   Income from securities and loans from

   financial assets                      EUR             20,999.00

   Depreciation on financial assets and

   marketable securities                 EUR          1,437,035.66

  Financial result (+/-)                 EUR         -1,547,755.52

  Result from ordinary operations (+/-)  EUR          5,594,502.84

  Extraordinary expenses                 EUR             28,917.00

  Extraordinary result (+/-)             EUR            -28,917.00

  Income tax / refund of income tax (+/-)EUR         -2,383,391.86

  Other taxes / refund of taxes          EUR            -23,046.53

  Tax (+/-)                              EUR         -2,406,438.39

  Annual surplus / annual deficit        EUR          3,159,147.45

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2012 - 31.12.2012

 

 ASSETS                                  EUR         45,830,237.86

  Fixed assets                           EUR         13,380,205.29

   Intangible assets                     EUR             57,126.00

   Tangible assets                       EUR          6,890,772.36

    Land / similar rights                EUR          3,516,166.90

    Plant / machinery                    EUR          1,047,254.00

    Other tangible assets / fixtures and

    fittings                             EUR          2,150,527.00

    Advance payments made / construction

    in progress                          EUR            176,824.46

   Financial assets                      EUR          6,432,306.93

    Shares in participations /

    subsidiaries and the like            EUR          3,503,198.38

     Shares in related companies         EUR          3,503,198.38

    Securities included in fixed assets  EUR          2,929,108.55

  Current assets                         EUR         32,406,232.57

   Stocks                                EUR         11,323,268.80

   Accounts receivable                   EUR          7,743,728.41

    Trade debtors                        EUR          4,935,921.94

    Amounts due from related companies   EUR          2,807,806.47

   Investments in current assets         EUR          1,317,982.53

   Liquid means                          EUR         12,021,252.83

  Remaining other assets                 EUR             43,800.00

   Accruals (assets)                     EUR             43,800.00

 

 LIABILITIES                             EUR         45,830,237.86

  Shareholders' equity                   EUR         16,671,180.35

   Capital                               EUR          1,000,000.00

    Subscribed capital (share capital)   EUR          1,000,000.00

   Balance sheet profit/loss (+/-)       EUR         15,671,180.35

    Profit / loss brought forward        EUR          7,812,899.21

    Annual surplus / annual deficit      EUR          7,858,281.14

  Provisions                             EUR          3,762,826.99

  Liabilities                            EUR         25,396,230.52

   Financial debts                       EUR          2,531,250.00

    Liabilities due to banks             EUR          2,531,250.00

   Other liabilities                     EUR         22,864,980.52

    Liabilities due to shareholders      EUR         20,725,656.84

    Liabililties due to related companiesEUR            256,659.13

    Unspecified other liabilities        EUR          1,882,664.55

     thereof liabilities from tax /

     financial authorities               EUR            226,502.05

  Guarantees and other commitments       EUR            158,000.00

   Guarantees / warranties               EUR            158,000.00

    Warranties                           EUR            158,000.00

 

 PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.

 Code (HGB)

  Gross result (+/-)                     EUR         33,093,036.06

  Staff expenses                         EUR         14,082,598.65

   Wages and salaries                    EUR         11,849,867.90

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR          2,232,730.75

  Total depreciation                     EUR            922,186.34

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR            922,186.34

  Other operating expenses               EUR          6,422,890.50

  Operating result from continuing

  operations                             EUR         11,665,360.57

  Interest result (+/-)                  EUR           -409,891.87

   Interest and similar income           EUR            190,705.20

   Interest and similar expenses         EUR            600,597.07

  Financial result (+/-)                 EUR           -409,891.87

  Result from ordinary operations (+/-)  EUR         11,255,468.70

  Extraordinary expenses                 EUR             28,917.00

  Extraordinary result (+/-)             EUR            -28,917.00

  Income tax / refund of income tax (+/-)EUR         -3,345,292.06

  Other taxes / refund of taxes          EUR            -22,978.50

  Tax (+/-)                              EUR         -3,368,270.56

  Annual surplus / annual deficit        EUR          7,858,281.14

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.39

UK Pound

1

Rs.102.59

Euro

1

Rs.74.90

 

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.