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MIRA INFORM REPORT
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Report No. : |
503138 |
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Report Date : |
14.04.2018 |
IDENTIFICATION DETAILS
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Name : |
AIRCO SYSTEMDRUCKLUFT GMBH |
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Registered Office : |
Stroofstr.
27 Gebäude 3001, D 65933 Frankfurt,
Post Box: 83 13 23, D 65914 Frankfurt |
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Country : |
Germany |
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Financials (as on) : |
30.06.2016 |
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Date of Incorporation : |
04.02.1994 |
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Com. Reg. No.: |
HRB 58131 |
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Legal Form : |
Private limited company |
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Line of Business : |
·
Wholesale of other machinery, equipment and
supplies ·
Engineering activities in the field of technical
sectoral planning andengineering design ·
Activities of holding companies |
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No. of Employees : |
Not available |
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 : |
Good |
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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 and address
Report
on: AIRCO SystemDruckluft GmbH
Company
Status: active
Stroofstr.
27 Gebäude 3001
D
65933 Frankfurt
Post
Box: 83 13 23, D 65914 Frankfurt
Telephone:069/3803740
Telefax: 069/38037476
Homepage:
www.airco-druckluft.de
E-mail: info@airco-druckluft.de
Company
summery
LEGAL
FORM Private
limited company
Date
of foundation: 04.02.1994
Shareholders'
agreement: 04.02.1994
Registered
on: 29.12.2003
Commercial
Register: Local court 60313 Frankfurt
under: HRB 58131
Share
capital: EUR 50,000.00
Shareholder:
Thorsten Schröder
Lahnstr. 24
D 65439 Flörsheim
born: 04.07.1968
Share: EUR 50,000.00
Manager:
Thorsten Schröder
Lahnstr. 24
D 65439 Flörsheim
having sole power of
representation
born: 04.07.1968
Profession: Manager
Marital status: married
Manager:
Markus Pohl
D 63500 Seligenstadt
having sole power of
representation
born: 09.02.1961
Proxy:
Christian Böcher
D 61250 Usingen
having sole power of
representation
born: 17.01.1981
Further
functions/participations of Thorsten Schröder (Manager)
Shareholder:
NRC International GmbH
Stentenbergstr. 63
D 51702 Bergneustadt
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 23,750.00
Registered
on: 23.03.2010
Reg. data: 50939 Köln, HRB 68872
COMPANY
HISTORY
company
name and legal form
09.02.2004
- 04.01.2010 AIRCO KKF Druckluftservice
GmbH
Stroofstr. 27
D 65933 Frankfurt
Private limited
company
04.02.1994
- 09.02.2004 AIRCO KKF Druckluftservice
GmbH
Wilhelm-Lehr-Str. 35
D 64839 Münster
Private limited
company
BUSINESS
ACTIVITIES
Main
industrial sector
4669 Wholesale of other machinery, equipment and
supplies
71122 Engineering activities in the field of technical
sectoral planning andengineering design
Secondary
industrial sector
64200 Activities of holding companies
PARTICIPATIONS
Limited
partner:
Airgroup
GmbH & Co. KG
Im
Ostpark 13-17
D
35435 Wettenberg
Legal
form: Ltd partnership with priv. ltd.
company
as general partner
Company
Status: active
Total
cap. EUR 285,000.00
contribution:
Share: EUR 20,000.00
Reg.
data: 19.09.2013
Local court 35390 Gießen
HRA
4412
FINANCIAL
INFORMATION
Payment
experience: No Complaints
Negative
information:We have no negative information at hand.
Balance
sheet year: 2015/2016
REAL
ESTATE
Type
of ownership: Tenant
Address Stroofstr. 27
D 65933 Frankfurt
Type
of ownership: Tenant
Address Stroofstr. 27 Gebäude 3001
D 65933 Frankfurt
Land
register documents were not available.
BANKERS
NASSAUISCHE
SPARKASSE, 65034 WIESBADEN
Sort.
code: 51050015
BIC:
NASSDE55XXX
FINANCIAL
FIGURES
Profit: 2015/2016 EUR 96,529.00
Ac/ts
receivable:
EUR 990,414.00
Liabilities: EUR 1,106,239.00
The
number of employees is not known.
BALANCE
SHEETS
Balance
sheet ratios 01.07.2015 - 30.06.2016
Equity
ratio [%]: 42.72
Liquidity
ratio: 0.98
Return
on total capital [%]: 4.78
Balance
sheet ratios 01.07.2014 - 30.06.2015
Equity
ratio [%]: 45.76
Liquidity
ratio: 1.32
Return
on total capital [%]: 3.50
Balance
sheet ratios 01.07.2013 - 30.06.2014
Equity
ratio [%]: 46.01
Liquidity
ratio: 1.03
Return
on total capital [%]: 3.31
Balance
sheet ratios 01.07.2012 - 30.06.2013
Equity
ratio [%]: 50.93
Liquidity
ratio: 1.31
Return
on total capital [%]: 4.82
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.
Financials
Type
of balance
sheet: Company balance sheet
Origin
of the present
balance
sheet: electronic German Federal
Gazette
Financial
year: 01.07.2015 - 30.06.2016
ASSETS EUR 2,021,402.35
Fixed assets EUR 368,863.00
Intangible assets EUR 956.00
Tangible assets EUR 347,907.00
Financial assets EUR 20,000.00
Current assets EUR 1,628,343.65
Stocks EUR 545,709.89
Accounts receivable EUR 990,413.69
Liquid means EUR 92,220.07
Remaining other assets EUR 24,195.70
Accruals (assets) EUR 10,288.70
Active difference from asset
offsetting EUR 13,907.00
LIABILITIES EUR 2,021,402.35
Shareholders' equity EUR 863,881.52
Capital EUR 50,000.00
Subscribed capital (share capital) EUR 50,000.00
Balance sheet profit/loss (+/-) EUR 813,881.52
Profit / loss brought forward EUR 717,352.52
Annual surplus / annual deficit EUR 96,529.00
Provisions EUR 51,281.52
Liabilities EUR 1,106,239.31
Type
of balance
sheet: Company balance sheet
Origin
of the present
balance
sheet: electronic German Federal
Gazette
Financial
year: 01.07.2014 - 30.06.2015
ASSETS EUR 2,057,843.90
Fixed assets EUR 261,931.00
Intangible assets EUR 2,229.00
Tangible assets EUR 239,702.00
Financial assets EUR 20,000.00
Other / unspecified financial assets
EUR 20,000.00
Current assets EUR 1,771,755.90
Stocks EUR 436,295.93
Accounts receivable EUR 1,109,418.82
Liquid means EUR 226,041.15
Remaining other assets EUR 24,157.00
Accruals (assets) EUR 13,143.00
Active difference from asset
offsetting EUR 11,014.00
LIABILITIES EUR 2,057,843.90
Shareholders' equity EUR 942,352.52
Capital EUR 50,000.00
Subscribed capital (share capital) EUR 50,000.00
Balance sheet profit/loss (+/-) EUR 892,352.52
Profit / loss brought forward EUR 820,432.61
Annual surplus / annual deficit EUR 71,919.91
Provisions EUR 51,206.00
Liabilities EUR 1,064,285.38
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.22 |
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1 |
INR 92.77 |
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Euro |
1 |
INR 80.34 |
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Euro |
1 |
INR 80.51 |
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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VIV |
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Report Prepared
by : |
KET |
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
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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.