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MIRA
INFORM REPORT
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Report No. : |
501994 |
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Report Date : |
04.04.2018 |
IDENTIFICATION DETAILS
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Name : |
FT MANOVIA GMBH DRUCKMESSTECHNIK |
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Registered Office : |
Werkstr. 27 D 79426 Buggingen |
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Country : |
Germany |
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Financials (as on) : |
31.12.2015 |
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Date of Incorporation : |
1971 |
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Com. Reg. No.: |
HRB 300170 |
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Legal Form : |
Private limited company |
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Line of Business : |
Manufacture of instruments and appliances for measuring,
testing and navigation |
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No. of Employees : |
10 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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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
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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 and address
FT
Manovia GmbH Druckmesstechnik
Werkstr. 27
D 79426 Buggingen
Telephone:07631/70199-0
Telefax: 07631/173000
Homepage: www.manovia.de
E-mail:
foerster@ftmanovia.com
Company Status
Active
VAT no.
DE811333108
Company summery
LEGAL FORM Private limited company
Date of foundation: 1971
Shareholders'
agreement: 20.12.1979
Registered on: 04.03.1998
Commercial Register: Local
court 79098 Freiburg
under: HRB 300170
Share capital: EUR 102,300.00
Shareholder:
Steffen
Förster
Karl-Friedrich-Benz-Str. 6-8
D 79395
Neuenburg
born:
08.10.1943
Share: EUR 51,150.00
Shareholder:
Robert
Schaettel
F -
Straßburg
born: 09.02.1950
Share: EUR 51,150.00
Manager:
Steffen
Förster
Karl-Friedrich-Benz-Str. 6-8
D 79395
Neuenburg
born:
08.10.1943
Profession: Mechanical engineer
Marital
status: married
Manager:
Robert
Schaettel
F -
Straßburg
having
sole power of representation
born: 09.02.1950
Nationality: French
Further functions/participations of Steffen Förster (Manager)
Limited partner:
Förster
GmbH & Co Grunstücksverwaltungs KG
Karl-Friedrich-Benz-Str. 6-8
D 79395
Neuenburg
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 25,564.59
contribution:
Share: EUR 12,782.30
Registered
on: 01.02.1972
Reg.
data: 79098 Freiburg, HRA 300236
Shareholder:
Förster GmbH
Karl-Friedrich-Benz-Str. 6-8
D 79395
Neuenburg
Legal
form: Private limited company
Share
capital: EUR 30,000.00
Share: EUR 30,000.00
Registered
on: 20.09.1999
Reg.
data: 79098 Freiburg, HRB 300622
Manager:
Förster
GmbH
Karl-Friedrich-Benz-Str. 6-8
D 79395
Neuenburg
Legal
form: Private limited company
Share
capital: EUR 30,000.00
Registered
on: 20.09.1999
Reg. data: 79098 Freiburg, HRB 300622
COMPANY HISTORY
company name and legal form
04.03.1998 - 23.11.1998 FT
Manovia GmbH Druckmesstechniok
Karl-Friedrich-Benz-Str. 6
D
79395 Neuenburg
Private limited company
06.02.1971 - 04.03.1998 F
& R Förster & Rothmann GmbH
Karl-Friedrich-Benz-Str. 6-8
D
79395 Neuenburg
Private limited company
BUSINESS ACTIVITIES
Main industrial sector
26512 Manufacture of
instruments and appliances for measuring, testing and navigation
FINANCIAL INFORMATION
Payment experience: Slow but Correct
Negative information: We
have no negative information at hand.
Balance sheet year: 2015
REAL ESTATE
Type of ownership: Tenant
Address Werkstr. 27
D 79426 Buggingen
Land register documents were not available.
BANKERS
A bank connection is unknown.
FINANCIAL FIGURES
Ac/ts receivable: EUR 235,613.00
Liabilities: EUR 301,639.00
Total numbers of vehicles: * 4
- Passenger cars: 4
Employees: * 10
The business figures marked with an asterisk are estimates based
on average values in the line of business.
BALANCE SHEETS
Balance sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]:
-145.78
Liquidity ratio:
0.78
Return on total capital [%]:
-5.35
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]:
-152.02
Liquidity ratio:
0.66
Return on total capital [%]:
-43.88
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]:
-130.34
Liquidity ratio:
7.71
Return on total capital [%]:
-62.20
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]:
-53.62
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:
01.01.2015 - 31.12.2015
ASSETS EUR 1,434,055.78
Fixed assets EUR 214,138.00
Tangible assets EUR 214,138.00
Current assets EUR 372,262.83
Stocks EUR 135,008.08
Accounts receivable EUR 235,613.32
Liquid means EUR 1,641.43
Remaining other assets EUR 847,654.95
Deficit not covered by
shareholders'
equity EUR 847,654.95
LIABILITIES EUR 1,434,055.78
Shareholders' equity EUR 0.00
Capital EUR 102,300.00
Subscribed capital (share
capital) EUR 102,300.00
Balance sheet profit/loss
(+/-) EUR -949,954.95
Profit / loss brought
forward EUR -918,715.48
Annual surplus / annual
deficit EUR -31,239.47
Other shareholders' equity
(+/-) EUR 847,654.95
Deficit not covered by
shareholders'
equity EUR 847,654.95
Provisions EUR 1,132,417.00
Liabilities EUR 301,638.78
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 1,364,113.74
Fixed assets EUR 181,437.00
Tangible assets EUR 181,437.00
Current assets EUR 366,136.43
Stocks EUR 173,742.00
Accounts receivable EUR 190,788.19
Liquid means EUR 1,606.24
Remaining other assets EUR 816,540.31
Deficit not covered by
shareholders'
equity EUR 816,540.31
LIABILITIES EUR 1,364,113.74
Shareholders' equity EUR 0.00
Capital EUR 102,300.00
Subscribed capital (share
capital) EUR 102,300.00
Balance sheet profit/loss
(+/-) EUR -918,840.31
Profit / loss brought
forward EUR -681,335.45
Annual surplus / annual
deficit EUR -237,504.86
Other shareholders' equity
(+/-) EUR 816,540.31
Deficit not covered by
shareholders'
equity EUR 816,540.31
Provisions EUR 1,083,407.00
Liabilities EUR 280,706.74
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.02 |
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1 |
INR 91.46 |
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Euro |
1 |
INR 80.09 |
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Euro |
1 |
INR 79.75 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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NIY |
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Report Prepared
by : |
TRU |
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
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Promoters
/ Management background
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Payment
record
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Litigation
against the subject
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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.