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MIRA INFORM REPORT
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Report No. : |
504584 |
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Report Date : |
20.04.2018 |
IDENTIFICATION DETAILS
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Name : |
AIRCOM PNEUMATIC GMBH |
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Registered Office : |
Siemensstr. 18, D 40885 Ratingen |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
17.12.1986 |
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Com. Reg. No.: |
HRB 43267 |
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Legal Form : |
Private Limited
Company |
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Line of Business : |
·
Agents
involved in the sale of machines (except agricultural machineryand office
machinery) and industrial supplies n.e.c. ·
Wholesale
of other machinery ·
Wholesale
of other equipment and accessories for machinery and technical supplies |
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No. of Employees : |
24 |
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 : |
Regular |
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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
AIRCOM PNEUMATIC GMBH
Company Status: active
Siemensstr. 18
D 40885 Ratingen
Telephone:02102/73390-0
Telefax:
02102/73390-10
Homepage: www.aircom.net
E-mail:
info@aircom.net
VAT
no.: DE121633223
Tax
ID number: 147/5802/0065
CONCLUSION
Business relations are permissible.
LEGAL FORM Private Limited Company
Date of foundation: 1986
Shareholders'
agreement: 20.11.1986
Registered on: 17.12.1986
Commercial Register: Local court 40227
Düsseldorf
under: HRB 43267
Share capital: EUR 60,000.00
Shareholder:
Franz Josef Wittoch
Speestr. 70
D 40885 Ratingen
born: 17.04.1940
Share: EUR 55,200.00
Shareholder:
Oliver Bohris
D 40885 Ratingen
born: 05.08.1965
Share: EUR 2,400.00
Shareholder:
Thomas Rheindorf
D 47906 Kempen
born: 25.02.1966
Share: EUR 2,400.00
Manager:
Franz Josef Wittoch
Speestr. 70
D 40885 Ratingen
having sole power of
representation
born: 17.04.1940
Profession: graduate
engineer
Marital status: married
Manager:
Oliver Bohris
D 40885 Ratingen
born: 05.08.1965
Manager:
Thomas Rheindorf
D 47906 Kempen
born: 25.02.1966
Further functions/participations of Oliver
Bohris (Manager)
Manager:
AirApp Power Tools GmbH
Siemensstr. 9-11
D 40885 Ratingen
Legal form: Private
limited company
Share capital: EUR 300,000.00
Registered
on: 29.06.2011
Reg. data: 40227 Düsseldorf, HRB 65884
Further functions/participations of Thomas
Rheindorf (Manager)
Manager:
AirApp Power Tools GmbH
Siemensstr. 9-11
D 40885 Ratingen
Legal form: Private
limited company
Share capital: EUR 300,000.00
Registered
on: 29.06.2011
Reg. data: 40227 Düsseldorf, HRB 65884
COMPANY
HISTORY
company name and legal form
18.06.1998 - 01.03.2001 AIRCOM Pneumatik GmbH
Siemensstr. 18
D 40885 Ratingen
Private limited
company
20.11.1986 - 18.06.1998 AIRCOM Pneumatik GmbH
Speestr. 70
D 40885 Ratingen
Private limited
company
BUSINESS
ACTIVITIES
Main industrial sector
46141 Agents
involved in the sale of machines (except agricultural machineryand office
machinery) and industrial supplies n.e.c.
46692 Wholesale of other machinery
46693 Wholesale of other equipment and accessories
for machinery and technical supplies
PARTICIPATIONS
Shareholder:
AirApp Power Tools GmbH
Siemensstr. 9-11
D 40885 Ratingen
Legal form: Private
limited company
Company Status: active
Share capital: EUR 300,000.00
Share: EUR 300,000.00
Reg. data: 29.06.2011
Local court
40227 Düsseldorf
HRB 65884
FINANCIAL
INFORMATION
Payment experience: Regular
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 Siemensstr. 18
D 40885 Ratingen
Real Estate of: Franz Josef Wittoch
Type of ownership: proprietor
Share: 100.00 %
Address Siemensstr. 9-11
D 40885 Ratingen
Real Estate of: Franz Josef Wittoch
Type of ownership: proprietor
Share: 100.00 %
Address Speestr. 70
D 40885 Ratingen
Real Estate of: Franz Josef Wittoch
Type of ownership: proprietor
Share: 100.00 %
Address Siemensstr. 18
D 40885 Ratingen
Land register documents were not available.
BANKERS
Principal bank
COMMERZBANK, 40832 RATINGEN
Sort. code: 30040000
BIC: COBADEDDXXX
Further banks
DEUTSCHE BANK, 40878 RATINGEN
Sort. code: 30070010
BIC: DEUTDEDDXXX
POSTBANK, 45125 ESSEN
Sort. code: 36010043
BIC: PBNKDEFFXXX
FINANCIAL
FIGURES
Turnover:
2016 EUR 8,839,000.00
2017 EUR 9,000,000.00
further business figures:
Equipment: *EUR 161,000.00
Ac/ts receivable: EUR 754,119.00
Liabilities: EUR 378,543.00
Total numbers of vehicles: 3
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Passenger cars:
3
Employees: 24
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Part-time employees: 2
The
business figures marked with an asterisk are estimates based
on
average values in the line of business.
BALANCE
SHEETS
Balance
sheet ratios 01.01.2016 - 31.12.2016
Equity ratio [%]: 81.16
Liquidity ratio: 10.00
Return on total capital [%]: 1.32
Balance sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]: 80.37
Liquidity ratio: 10.00
Return on total capital [%]: 3.03
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 80.24
Liquidity ratio: 10.00
Return on total capital [%]: -7.54
Balance
sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 81.37
Liquidity ratio: 10.00
Return on total capital [%]: 14.66
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 4,792,325.25
Fixed assets
EUR 385,059.00
Intangible assets
EUR 35,623.00
Tangible assets
EUR 49,436.00
Financial assets
EUR 300,000.00
Current assets
EUR 4,377,699.73
Stocks
EUR 1,067,674.53
Accounts receivable
EUR 754,118.95
Liquid means
EUR 2,555,906.25
Remaining other assets
EUR 29,566.52
Accruals (assets)
EUR 29,566.52
LIABILITIES EUR 4,792,325.25
Shareholders' equity
EUR 3,892,869.88
Capital
EUR 60,000.00
Subscribed
capital (share capital) EUR 60,000.00
Reserves
EUR 2,542,999.43
Capital reserves
EUR 200,000.00
Retained earnings / revenue reserves EUR 2,342,999.43
Balance sheet profit/loss (+/-)
EUR 1,289,870.45
Balance sheet profit / loss
EUR 1,289,870.45
Provisions
EUR 520,912.54
Liabilities
EUR 378,542.83
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 4,760,899.05
Fixed assets
EUR 387,555.00
Intangible assets
EUR 35,602.00
Tangible assets
EUR 51,953.00
Financial assets EUR 300,000.00
Other / unspecified financial assets EUR 300,000.00
Current assets
EUR 4,365,760.77
Stocks
EUR 1,305,966.34
Accounts receivable EUR 721,689.65
Liquid means
EUR 2,338,104.78
Remaining other assets
EUR 7,583.28
Accruals (assets)
EUR 7,583.28
LIABILITIES EUR 4,760,899.05
Shareholders' equity
EUR 3,829,992.05
Capital
EUR 60,000.00
Subscribed capital (share capital)
EUR 60,000.00
Reserves
EUR 2,390,997.62
Capital reserves
EUR 200,000.00
Retained earnings / revenue reserves EUR 2,190,997.62
Balance sheet profit/loss (+/-)
EUR 1,378,994.43
Balance sheet profit / loss
EUR 1,378,994.43
Provisions
EUR 598,909.51
Liabilities
EUR 331,997.49
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.78 |
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1 |
INR 93.42 |
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Euro |
1 |
INR 81.39 |
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EUR |
1 |
INR 81.22 |
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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DIV |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
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.