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MIRA INFORM REPORT
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Report No. : |
501647 |
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Report Date : |
03.04.2018 |
IDENTIFICATION DETAILS
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Name : |
EVISION SYSTEMS GMBH |
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Registered Office : |
Jahnstr. 12, D 85661 Forstinning |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
31.07.2002 |
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Com. Reg. No.: |
HRB 144075 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
· Other software development activities · Information technology consultancy activities |
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No. of Employees : |
6 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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Germany |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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 a large
increase in 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 economic 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. The German Government
introduced a minimum wage in 2015 that increased to $9.79 (8.84 euros) in
January 2017.
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 2017 Germany reached a budget surplus of 0.7%. 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 during 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 largely with renewable energy, which accounted for 29.5% of gross
electricity consumption in 2016, 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. Domestic
consumption, investment, and exports are likely to drive German GDP growth in
2018, and the country’s budget and trade surpluses are likely to remain high.
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Source
: CIA |
Company
name & address
EVISION SYSTEMS GMBH
Company Status: active
Jahnstr. 12
D 85661 Forstinning
Telephone:08121/22080
Telefax: 08121/220822
Homepage: www.evision-systems.de
E-mail: sales@evision-systems.de
VAT no.: DE813568080
LEGAL FORM Private Limited Company
Date of foundation: 31.07.2002
Shareholders'
agreement: 31.07.2002
Registered on: 26.08.2002
Commercial Register: Local court 80333 München
under: HRB 144075
Share capital: EUR 25,000.00
Shareholder:
Werner Schoeppner
Forsthausweg 16
D 85661 Forstinning
born: 06.09.1953
Share: EUR 15,000.00
Shareholder:
Michael Geißel
Hochriesstr. 23
D 85560 Ebersberg
born: 25.06.1966
Share: EUR 10,000.00
Manager:
Werner Schoeppner
Forsthausweg 16
D 85661 Forstinning
having sole power of representation
born: 06.09.1953
Proxy:
Michael Geißel
Hochriesstr. 23
D 85560 Ebersberg
having sole power of representation
born: 25.06.1966
COMPANY
HISTORY
company name and legal form
04.09.2002 - 29.12.2015 eVision Systems GmbH
Forsthausweg 16
D 85661 Forstinning
Private limited company
BUSINESS
ACTIVITIES
Main industrial sector
62019 Other software development activities
62020 Information technology consultancy activities
FINANCIAL
INFORMATION
Payment experience: No Complaints
Negative information: We have no negative information at hand.
Balance sheet year: 2016
PMI: No significant / relevant payment experience
information pertaining to the company
inquired upon is shown in the Deutscher
Debitoren Monitor (DDMonitor).
Events Index: 1
At present, NO events are known.
The Events Index indicates if any particular
events have occurred, such as e.g. a
relocation of registered office or a change
within management. On the basis of number,
relevance and up-to-dateness of the events
an index value ranging from 1 (no events) to
5 is calculated. Companies showing a
particularly large number of events receive
the index 6.
REAL
ESTATE
Type of ownership: Tenant
Address Jahnstr. 12
D 85661 Forstinning
Land register documents were not available.
BANKERS
KREISSPARKASSE MÜNCHEN STARNBERG EBERSBERG, 80279 MÜNCHEN
Sort. code: 70250150
BIC: BYLADEM1KMS
FINANCIAL
FIGURES
Turnover: 2016 EUR 366,889,362.00
2017 EUR 4,459,282.00
Expected
turnover: EUR 4,459,282.00
Profit: 2016 EUR 274,490.00
2017 EUR 349,763.00
further business
figures:
Equipment: EUR 44,731.00
Ac/ts
receivable:
EUR 532,295.00
Liabilities: EUR 473,350.00
Total numbers of
vehicles:
2
- Passenger
cars:
2
Employees:
6
- thereof permanent
staff: 4
- Part-time
employees: 2
BALANCE
SHEETS
Balance sheet ratios 01.01.2016 - 31.12.2016
Equity ratio [%]: 13.23
Liquidity ratio: 10.00
Return on total capital [%]: 1.95
Balance sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]: 4.30
Liquidity ratio: 10.00
Return on total capital [%]: 4.27
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 0.06
Liquidity ratio: 2.94
Return on total capital [%]: 2.19
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 12.28
Liquidity ratio: 10.00
Return on total capital [%]: 0.50
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: 01.01.2016 - 31.12.2016
ASSETS EUR 2,551,083.80
Fixed assets EUR 49,670.50
Tangible assets EUR 44,731.00
Financial assets EUR 4,939.50
Current assets EUR 1,104,535.06
Stocks EUR 124,639.74
Accounts receivable EUR 532,294.97
Liquid means EUR 447,600.35
Remaining other assets EUR 1,396,878.24
Accruals (assets) EUR 1,396,878.24
LIABILITIES EUR
2,551,083.80
Shareholders' equity EUR 337,442.46
Capital EUR 12,500.00
Subscribed capital (share capital) EUR 25,000.00
thereof not yet paid-up capital EUR 25,000.00
thereof called EUR 12,500.00
thereof uncalled outstanding
contributions EUR 12,500.00
Balance sheet profit/loss (+/-) EUR 324,942.46
Balance sheet profit / loss EUR 324,942.46
Provisions EUR 68,196.47
Liabilities EUR 473,349.73
Other liabilities EUR 1,672,095.14
Deferrals (liabilities) EUR 1,672,095.14
Type of balance
sheet: Company balance sheet
Origin of the
present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2015 - 31.12.2015
ASSETS EUR 2,906,914.44
Fixed assets EUR 65,525.34
Intangible assets EUR 3.00
Tangible assets EUR 60,607.00
Financial assets EUR 4,915.34
Other / unspecified financial assets
EUR 4,915.34
Current assets EUR 1,646,405.08
Stocks EUR 99,744.71
Accounts receivable EUR 707,520.86
Liquid means EUR 839,139.51
Remaining other assets EUR 1,194,984.02
Accruals (assets) EUR 1,194,984.02
LIABILITIES EUR 2,906,914.44
Shareholders' equity EUR 287,651.00
Capital EUR 12,500.00
Subscribed capital (share capital) EUR 25,000.00
thereof not yet paid-up capital EUR 25,000.00
thereof called EUR 12,500.00
thereof uncalled outstanding
contributions EUR 12,500.00
Balance sheet profit/loss (+/-) EUR 275,151.00
Balance sheet profit / loss EUR 275,151.00
Provisions EUR 136,123.29
Liabilities EUR 879,910.48
Other liabilities EUR 1,603,229.67
Deferrals (liabilities) EUR 1,603,229.67
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.04 |
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1 |
INR 92.28 |
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Euro |
1 |
INR 80.62 |
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EUR |
1 |
INR 80.06 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
PRA |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.