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MIRA
INFORM REPORT
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Report No. : |
505039 |
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Report Date : |
25.04.2018 |
IDENTIFICATION DETAILS
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Name : |
BOTEK
PRÄZISIONSBOHRTECHNIK GMBH |
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Registered Office : |
Längenfeldstr. 4 D 72585
Riederich |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
01.04.1974 |
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Com. Reg. No.: |
HRB 360319 |
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Legal Form : |
Private limited company |
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Line of Business : |
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No. of Employees : |
550 |
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 and address
botek Präzisionsbohrtechnik
GmbH
Längenfeldstr. 4
D 72585 Riederich
Telephone:07123/3808-0
Telefax: 07123/3808-138
Homepage: www.botek.de
E-mail: info@botek.de
Company
Status
Active
VAT no.
DE147174992
CONCLUSION
Business relations are
permissible.
Company
summery
LEGAL FORM Private
limited company
Date of foundation: 01.04.1974
Shareholders'
agreement: 23.12.1976
Registered on: 08.06.1977
Commercial Register: Local court 70190 Stuttgart
under: HRB
360319
Share capital: EUR 66,000.00
Shareholder:
Susanne Herrmann
Hauffstr. 10
D 72658 Bempflingen
born: 17.10.1963
Share: EUR 11,000.00
Shareholder:
Christine Herrmann
Schubertstr. 7
D 72581 Dettingen
born: 04.10.1962
Share: EUR 11,000.00
Shareholder:
Sabine Schur
D 72555 Metzingen
born: 11.03.1965
Share: EUR 7,334.00
Shareholder:
Alexandra Schur
Panoramastr. 3
D 72585 Riederich
born: 07.01.1970
Share: EUR 7,333.00
Shareholder:
Andrea Schur
Panoramastr. 3
D 72585 Riederich
born: 20.06.1971
Share: EUR 7,333.00
Shareholder:
Jürgen Wenzelburger
Lerchenstr. 3
D 72555 Metzingen
born: 19.09.1971
Share: EUR 5,500.00
Shareholder:
Martin Wenzelburger
Lerchenstr. 3
D 72555 Metzingen
born: 19.11.1974
Share: EUR 5,500.00
Shareholder:
Harald Wenzelburger
Panoramastr. 5
D 72585 Riederich
born: 04.11.1977
Share: EUR 5,500.00
Shareholder:
Stephanie Elke Wenzelburger
Panoramastr. 5
D 72585 Riederich
born: 29.11.1980
Share: EUR 5,500.00
Manager:
Sabine Schur
D 72555 Metzingen
born: 11.03.1965
Marital status: single
Manager:
Jürgen Wenzelburger
Lerchenstr. 3
D 72555 Metzingen
having sole power of
representation
born: 19.09.1971
Manager:
Jörg Hiller
D 72664 Kohlberg
having sole power of
representation
born: 20.08.1956
Further functions/participations of Sabine
Schur (Manager)
Limited partner:
MS "Hanna"
Schiffahrtsgesellschaft mbH & Co.
Reederei KG
Boschstr. 15
D 49733 Haren
Legal form: Ltd partnership with priv.
ltd.
company as
general partner
insolvent
Total cap. EUR 4,431,000.00
contribution:
Share: EUR 88,000.00
Registered
on: 30.10.2002
Reg. data: 49074 Osnabrück, HRA 121157
Limited partner:
MS "Manuela
Wulff" Schiffahrtsgesellschaft
mbH & Co. KG
Segelmachertwiete 2
D 25348 Glückstadt
Legal form: Ltd
partnership with priv. ltd.
company as general partner in
liquidation
Total cap. EUR 833,000.00
contribution:
Share: EUR 20,000.00
Registered
on: 30.08.2006
Reg. data: 25421 Pinneberg, HRA 4969 PI
Manager:
GLK GmbH
Längenfeldstr. 4
D 72585 Riederich
Legal form: Private limited
company
Share capital: EUR 72,000.00
Registered
on: 11.10.2012
Reg. data: 70190 Stuttgart, HRB 742703
Further functions/participations of Jürgen
Wenzelburger (Manager)
General partner:
J.M.H.S. Wenzelburger GbR
D 25348 Glückstadt
Legal form: Partnership
under the Civil Code
General partner:
Stephanie Elke
Wenzelburger, Jürgen
Wenzelburger, Martin
Wenzelburger, Harald
Wenzelburger
D 22767 Hamburg
Legal form: Partnership
under the Civil Code
Manager:
GLK GmbH
Längenfeldstr. 4
D 72585 Riederich
Legal form: Private
limited company
Share capital: EUR 72,000.00
Registered
on: 11.10.2012
Reg. data: 70190 Stuttgart, HRB 742703
Further functions/participations of Jörg
Hiller (Manager)
Manager:
GLK GmbH
Längenfeldstr. 4
D 72585 Riederich
Legal form: Private
limited company
Share capital: EUR 72,000.00
Registered
on: 11.10.2012
Reg. data: 70190 Stuttgart, HRB 742703
COMPANY
HISTORY
company name and legal form
14.01.2003 - 2003 botek Präzisionsbohrtechnik GmbH
Längenfeldstr. 4
D 72585 Riederich
Private limited
company
01.04.1974 - 14.01.2003 botek GmbH
Längenfeldstr. 4
D 72585 Riederich
Private limited
company
BUSINESS
ACTIVITIES
Main industrial sector
2573 Manufacture of tools
46741 Wholesale of tools and hardware
FINANCIAL
INFORMATION
Payment experience: Regular
Negative information: We have no negative information at hand.
Balance sheet year: 2016
REAL ESTATE
Type of ownership: Tenant
Address Längenfeldstr.
4
D 72585 Riederich
Land register documents were not available.
BANKERS
VOLKSBANK ERMSTAL-ALB, 72574 BAD URACH
Sort. code: 64091200
BIC: GENODES1MTZ
DEUTSCHE BANK, 72542 METZINGEN
Sort. code: 64070085, Account no.: 868505
BIC: DEUTDESS640, IBAN: DE81640700850086850500
UNICREDIT BANK - HYPOVEREINSBANK, 70003
STUTTGART
Sort. code: 60020290
BIC: HYVEDEMM473
FINANCIAL
FIGURES
Turnover: 2016 EUR 70,703,990.00
Profit: 2016 EUR 11,901,747.00
Equipment: EUR 3,319,952.00
Ac/ts receivable: EUR 11,471,616.00
Liabilities: EUR 12,355,229.00
Employees:
550
BALANCE SHEETS
Balance sheet ratios 01.01.2016 - 31.12.2016
Equity ratio [%]: 83.79
Liquidity ratio: 10.00
Return on total capital
[%]: 14.32
Balance sheet ratios
01.01.2015 - 31.12.2015
Equity ratio [%]: 84.37
Liquidity ratio: 10.00
Return on total capital
[%]: 12.92
Balance sheet ratios 01.01.2014
- 31.12.2014
Equity ratio [%]: 83.17
Liquidity ratio: 10.00
Return on total capital
[%]: 12.84
Balance sheet ratios
01.01.2013 - 31.12.2013
Equity ratio [%]: 80.91
Liquidity ratio: 10.00
Return on total capital
[%]: 12.35
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 83,107,783.83
Fixed assets EUR 20,700,401.97
Intangible assets EUR 200,613.00
Concessions, licences, rights EUR 200,613.00
Tangible assets EUR 18,751,733.44
Land / similar rights EUR 116,615.00
Plant / machinery EUR 14,569,609.85
Other tangible assets / fixtures and
fittings EUR 3,319,952.00
Advance payments made / construction
in progress EUR 745,556.59
Financial assets EUR 1,748,055.53
Shares in participations /
subsidiaries and the like EUR 1,748,055.53
Shares in related companies EUR 1,748,055.53
Current assets EUR 62,322,381.68
Stocks EUR 21,741,960.04
Raw materials, consumables and
supplies EUR
4,441,479.21
Finished goods / work in progress EUR
17,300,480.83
Accounts receivable EUR 11,471,616.28
Trade debtors EUR 8,254,231.67
Amounts due from related companies EUR
1,512,844.78
Other debtors and assets EUR 1,704,539.83
Investments in current assets EUR 5,893,749.44
Other investments EUR 5,893,749.44
Liquid means EUR 23,215,055.92
Remaining other assets EUR 85,000.18
Accruals (assets) EUR 85,000.18
LIABILITIES EUR 83,107,783.83
Shareholders' equity EUR 64,210,982.34
Capital EUR 66,000.00
Subscribed capital (share capital) EUR 66,000.00
Balance sheet profit/loss (+/-) EUR 64,144,982.34
Profit / loss brought forward EUR 52,243,235.62
Annual surplus / annual deficit EUR 11,901,746.72
Provisions EUR 6,541,572.37
Pension provisions and comparable
provisions EUR 3,804,902.00
Provisions for taxes EUR 1,587,054.00
Other / unspecified provisions EUR 1,149,616.37
Liabilities EUR 12,355,229.12
Financial debts EUR 4,329.71
Liabilities due to banks EUR 4,329.71
Other liabilities EUR 12,350,899.41
Trade creditors (for IAS incl. bills
of exchange) EUR 1,028,974.10
Liabilities from received advance
payments EUR 85,038.83
Liabililties due to related
companiesEUR 48,645.77
Unspecified other liabilities EUR 11,188,240.71
thereof liabilities from tax /
financial authorities EUR 1,226,204.81
thereof liabilities from social
security EUR 21,238.69
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 70,703,989.71
Inventory change + own costs (+/-) EUR 3,944,930.38
Inventory change (+/-) EUR 3,944,930.38
Other operating income EUR 681,687.58
Cost of materials EUR 18,979,476.13
Raw materials and supplies, purchased
goods EUR 17,706,077.02
Purchased services EUR 1,273,399.11
Gross result (+/-) EUR 56,351,131.54
Staff expenses EUR 27,164,782.27
Wages and salaries EUR 22,564,075.99
Social security contributions and
expenses for pension plans and
benefits EUR 4,600,706.28
Total depreciation EUR 4,663,820.09
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 4,663,820.09
Other operating expenses EUR 7,867,227.74
Operating result from continuing
operations EUR 16,655,301.44
Interest result (+/-) EUR -133,949.73
Interest and similar income EUR 167,346.04
Interest and similar expenses EUR 301,295.77
Other financial result EUR -50,490.73
Depreciation on financial assets and
marketable securities EUR 50,490.73
Financial result (+/-) EUR -184,440.46
Result from ordinary operations (+/-) EUR
16,470,860.98
Income tax / refund of income tax
(+/-)EUR -4,560,896.71
Other taxes / refund of taxes EUR -8,217.55
Tax (+/-) EUR -4,569,114.26
Annual surplus / annual deficit EUR
11,901,746.72
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
69,992,661.50
Fixed assets EUR 21,691,392.69
Intangible assets EUR 156,622.00
Concessions, licences, rights EUR 156,622.00
Tangible assets EUR 20,183,015.16
Land / similar rights EUR 145,194.00
Plant / machinery EUR 15,026,327.19
Other tangible assets / fixtures and
fittings EUR
3,749,665.00
Advance payments made / construction
in progress EUR 1,261,828.97
Financial assets EUR 1,351,755.53
Shares in participations /
subsidiaries and the like EUR 1,348,055.53
Shares in related companies EUR 1,348,055.53
Other loans EUR 3,700.00
Current assets EUR 48,220,365.18
Stocks EUR 17,925,689.16
Raw materials, consumables and
supplies EUR 4,570,138.71
Finished goods / work in progress EUR
13,355,550.45
Accounts receivable EUR 10,322,535.70
Trade debtors EUR 7,451,448.33
Amounts due from related companies EUR 923,667.77
Other debtors and assets EUR 1,947,419.60
Investments in current assets EUR 5,745,192.70
Other investments EUR 5,745,192.70
Liquid means EUR 14,226,947.62
Remaining other assets EUR 80,903.63
Accruals (assets) EUR 80,903.63
LIABILITIES EUR 69,992,661.50
Shareholders' equity EUR 56,409,235.62
Capital EUR 66,000.00
Subscribed capital (share capital) EUR 66,000.00
Balance sheet profit/loss (+/-) EUR 56,343,235.62
Profit / loss brought forward EUR 47,301,655.65
Annual surplus / annual deficit EUR
9,041,579.97
Provisions EUR 5,266,424.45
Pension provisions and comparable
provisions EUR 3,977,966.00
Provisions for taxes EUR 210,363.00
Other / unspecified provisions EUR 1,078,095.45
Liabilities EUR 8,317,001.43
Other liabilities EUR 8,317,001.43
Trade creditors (for IAS incl. bills
of exchange) EUR 1,279,159.01
Liabilities from received advance
payments EUR 95,902.39
Liabililties due to related
companiesEUR 67,865.22
Unspecified other liabilities EUR 6,874,074.81
thereof liabilities from tax /
financial authorities EUR 1,147,157.94
thereof liabilities from social
security EUR 17,908.61
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 68,593,894.47
Inventory change + own costs (+/-) EUR 2,556,549.90
Inventory change (+/-) EUR 2,556,549.90
Other operating income EUR 2,690,747.57
Cost of materials EUR 21,237,497.05
Raw materials and supplies, purchased
goods EUR 19,696,142.64
Purchased services EUR 1,541,354.41
Gross result (+/-) EUR 52,603,694.89
Staff expenses EUR 27,118,613.90
Wages and salaries EUR 22,396,981.56
Social security contributions and
expenses for pension plans and
benefits EUR 4,721,632.34
Total depreciation EUR 4,504,254.30
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 4,504,254.30
Other operating expenses EUR 7,976,807.87
Operating result from continuing
operations EUR 13,004,018.82
Interest result (+/-) EUR -166,166.00
Interest and similar income EUR 151,392.92
Interest and similar expenses EUR 317,558.92
Other financial result EUR -162,433.38
Depreciation on financial assets and
marketable securities EUR 162,433.38
Financial result (+/-) EUR -328,599.38
Result from ordinary operations (+/-) EUR
12,675,419.44
Income tax / refund of income tax
(+/-)EUR -3,634,937.39
Other taxes / refund of taxes EUR 1,097.92
Tax (+/-) EUR -3,633,839.47
Annual surplus / annual deficit EUR
9,041,579.97
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 66.36 |
|
|
1 |
INR 92.51 |
|
Euro |
1 |
INR 81.05 |
|
Euro |
1 |
INR 81.60 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
NIS |
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Report Prepared
by : |
TRU |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
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.