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MIRA
INFORM REPORT
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Report No. : |
489697 |
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Report Date : |
01.02.2018 |
IDENTIFICATION DETAILS
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Name : |
SPECTRO ANALYTICAL INSTRUMENTS GMBH |
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Registered Office : |
Boschstr. 10, D 47533 Kleve |
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Country : |
Germany |
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Financials (as on) : |
31.12.2015 |
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Date of Incorporation : |
08.04.1997 |
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Com. Reg. No.: |
HRB 1876 |
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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 · Wholesale of other equipment and accessories for machinery and technical supplies ·
Activities of holding companies |
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No. of Employees : |
HRB 1876 |
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 (30.06.2017) |
Current Rating (30.09.2017) |
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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 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 2016 Germany reached a budget surplus of 0.6%. 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, bolstered by low energy prices and a weak
euro, and exports are likely to drive German GDP growth again in 2017.
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Source
: CIA |
Company name & address
SPECTRO ANALYTICAL
INSTRUMENTS GMBH
Company Status: active
Boschstr. 10
D
47533 Kleve
Telephone:02821/892-0
Telefax: 02821/892-2200
Homepage: www.spectro.de
E-mail: spectro.info@ametek.com
VAT no.: DE196424280
Tax ID number: 116/5700/3643
Company Summary
LEGAL FORM Private Limited Company
Date of foundation: 08.04.1997
Shareholders'
agreement: 08.04.1997
Registered on: 09.03.1998
Commercial Register: Local court
47533 Kleve
under: HRB 1876
Share capital
EUR 290,500.00
Shareholder:
AMETEK
Material Analysis Holdings GmbH
Boschstr. 10
D 47533 Kleve
Legal form:
Private limited company
Share
capital: EUR 28,000.00
Share: EUR 290,500.00
Registered
on: 09.12.2008
Reg. data:
47533 Kleve, HRB 9403
Profit
transfer agreement
Manager:
Dr. Jens
Christoph Mätzig
D 47798
Krefeld
having sole
power of representation
born:
01.09.1965
Marital
status: unknown
Manager:
Rolf Bernd
Singendonk
D 47533 Kleve
born:
01.05.1958
Manager:
Michael Privik
D 47559
Kranenburg
born:
06.03.1965
Proxy:
Rainer Petry
D 47574 Goch
having sole
power of representation
born: 11.01.1960
Further functions/participations of Dr. Jens Christoph Mätzig
(Manager)
Manager:
Ametek
Grundbesitz GmbH
Boschstr. 10
D 47533 Kleve
Legal form:
Private limited company
Share
capital: EUR 25,000.00
Registered
on: 01.12.2006
Reg.
data: 47533 Kleve, HRB 8399
Manager:
AMETEK
Material Analysis Holdings GmbH
Boschstr. 10
D 47533 Kleve
Legal form:
Private limited company
Share
capital: EUR 28,000.00
Registered
on: 09.12.2008
Reg.
data: 47533 Kleve, HRB 9403
Manager:
AMETEK
European Holdings GmbH
Boschstr. 10
D 47533 Kleve
Legal form:
Private limited company
Share
capital: EUR 25,000.00
Registered
on: 06.07.2014
Reg.
data: 47533 Kleve, HRB 12909
Further functions/participations of Rolf Bernd Singendonk
(Manager)
Manager:
Ametek
Grundbesitz GmbH
Boschstr. 10
D 47533 Kleve
Legal form:
Private limited company
Share
capital: EUR 25,000.00
Registered
on: 01.12.2006
Reg.
data: 47533 Kleve, HRB 8399
Manager:
AMETEK
Material Analysis Holdings GmbH
Boschstr. 10
D 47533 Kleve
Legal form:
Private limited company
Share
capital: EUR 28,000.00
Registered
on: 09.12.2008
Reg. data: 47533 Kleve, HRB 9403
Manager:
AMETEK
European Holdings GmbH
Boschstr. 10
D 47533 Kleve
Legal form:
Private limited company
Share
capital: EUR 25,000.00
Registered
on: 06.07.2014
Reg.
data: 47533 Kleve, HRB 12909
Further functions/participations of Michael Privik (Manager)
Proxy:
AMETEK Material
Analysis Holdings GmbH
Boschstr. 10
D 47533 Kleve
Legal form:
Private limited company
Share
capital: EUR 28,000.00
Registered
on: 09.12.2008
Reg.
data: 47533 Kleve, HRB 9403
COMPANY HISTORY
Company name and legal form
09.03.1998 - 16.11.2008 SPECTRO
Beteiligungs GmbH
Boschstr.
10
D 47533
Kleve
Private
limited company
03.12.1997 - 09.03.1998 SPECTRO
Beteiligungs GmbH
Klopstockstr. 5
D 65187
Wiesbaden
Private
limited company
08.04.1997 - 02.12.1997 JFVG
Zweiundneunzigste
Vermögensverwaltungsgesellschaft mbH
Klopstockstr. 5
D 65187
Wiesbaden
Private
limited company
RESIGNED ACTING PERSONS AND SHAREHOLDERS
24.06.2009 - 05.07.2016 Manager
Manfred
Andreas Bergsch
Kiebitzweg 30
D 47533
Kleve
BUSINESS ACTIVITIES
Main industrial sector
2651 Manufacture of instruments and appliances for measuring,
testing and navigation
46693 Wholesale of other equipment and accessories for machinery
and technical supplies
Secondary industrial sector
64200 Activities of holding companies
FINANCIAL INFORMATION
Payment experience: No Complaints
Negative information: We have no negative information at hand.
Balance sheet year: 2015
REAL ESTATE
Type of ownership: Unknown
Address Boschstr. 10
D 47533 Kleve
Land register documents were not available.
BANKERS
COMMERZBANK VORMALS DRESDNER BANK, 47512 KLEVE
Sort. code: 32080010
BIC: DRESDEFF320
COMMERZBANK, 47511 KLEVE
Sort. code: 32440023
BIC: COBADEFFXXX
FINANCIAL FIGURES
Turnover: 2015 EUR 100,542,547.00
Profit: 2015 EUR 27,651,457.00
Equipment: EUR 1,850,667.00
Ac/ts
receivable:
EUR 26,675,371.00
Liabilities: EUR 13,471,627.00
Real
estate of the firm:
EUR 2,023,215.00
Employees:
274
-
Trainees:
19
Profit transfer agreement to:
AMETEK Material Analysis
Holdings GmbH
Boschstr. 10
D 47533 Kleve
BALANCE SHEETS
Balance
sheet ratios 01.01.2015 - 31.12.2015
Equity
ratio [%]: 47.06
Liquidity
ratio: 1.26
Return
on total capital [%]: 82.61
Balance
sheet ratios 01.01.2014 - 31.12.2014
Equity
ratio [%]: 84.20
Liquidity
ratio: 10.00
Return
on total capital [%]: 22.11
Balance
sheet ratios 01.01.2013 - 31.12.2013
Equity
ratio [%]: 83.82
Liquidity
ratio: 9.57
Return
on total capital [%]: 29.96
Balance
sheet ratios 01.01.2012 - 31.12.2012
Equity
ratio [%]: 76.21
Liquidity
ratio: 5.22
Return
on total capital [%]: 31.95
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 52,572,232.41
Fixed assets EUR 12,011,819.50
Intangible assets EUR 483,317.61
Concessions, licences, rights EUR 483,317.61
Tangible assets EUR 3,920,058.27
Land / similar rights EUR 1,808,620.74
Plant / machinery EUR 109,235.90
Other tangible assets / fixtures and
fittings EUR 1,850,667.42
Advance payments made / construction
in progress EUR 151,534.21
Financial assets EUR 7,608,443.62
Shares in participations /
subsidiaries and the like EUR 6,505,443.62
Shares in related companies EUR 5,617,690.34
Shares in investee companies EUR 887,753.28
Loans to participations /
subsidiaries and the like EUR 1,103,000.00
Loans to related companies EUR 1,103,000.00
Current assets EUR
40,446,715.68
Stocks EUR 6,302,313.10
Raw materials, consumables and
supplies EUR 3,030,347.93
Finished goods / work in progress EUR
3,271,965.17
Accounts receivable EUR 26,675,371.07
Trade debtors EUR 6,096,085.20
Amounts due from related companies EUR
20,237,205.30
Amounts due from investee companies EUR
225,221.39
Other debtors and assets EUR 116,859.18
Liquid means EUR 7,469,031.51
Remaining other assets EUR 113,697.23
Accruals (assets) EUR 113,697.23
LIABILITIES EUR 52,572,232.41
Shareholders' equity EUR 34,851,066.80
Capital EUR 290,500.00
Subscribed capital (share capital) EUR 290,500.00
Reserves EUR 31,086,808.32
Capital reserves EUR 31,078,627.59
Retained earnings / revenue reserves
EUR 8,180.73
Balance sheet profit/loss (+/-) EUR 3,473,758.48
Profit / loss brought forward EUR 3,473,758.48
Provisions EUR 4,246,799.00
Other / unspecified provisions EUR 4,246,799.00
Liabilities EUR 13,471,626.61
Other liabilities EUR 13,471,626.61
Trade creditors (for IAS incl. bills
of exchange) EUR 9,614,304.07
Liabilities from received advance
payments EUR 1,139,776.30
Liabililties due to related
companiesEUR 2,358,993.39
Unspecified other liabilities EUR 358,552.85
thereof liabilities from tax /
financial authorities EUR 199,288.14
thereof liabilities from social
security EUR 28,069.80
Other liabilities EUR 2,740.00
Deferrals (liabilities) EUR 2,740.00
PROFIT
AND LOSS ACCOUNT (cost of sales method) according to Comm.
Code
(HGB)
Sales EUR 100,542,546.55
Manufacturing costs EUR 44,709,808.04
Gross result on sales EUR 55,832,738.51
Distribution costs EUR 19,122,164.76
General administration expenses EUR 5,272,921.01
Research and development costs EUR 4,936,650.20
Depreciation (not included in
manufacturing costs) EUR 2,452,353.19
Other operating income EUR 4,500,024.84
Other operating expenses EUR 2,193,022.45
Operating result from continuing
operations EUR 26,355,651.74
Result from participating interests
(+/-) EUR 2,384,824.78
Expenses / income from participations
EUR 2,384,824.78
Income from related companies EUR 2,384,824.78
Interest result (+/-) EUR -1,021,939.73
Interest and similar income EUR 92,987.36
thereof from related companies EUR 92,987.36
Interest and similar expenses EUR 1,114,927.09
thereof paid to related companies EUR
1,089,181.20
Financial result (+/-) EUR 1,362,885.05
Result from ordinary operations (+/-) EUR
27,718,536.79
Expenses for transfer of profits to a
parent company EUR 27,651,457.32
Income tax / refund of income tax
(+/-)EUR -28,547.94
Other taxes / refund of taxes EUR -38,531.53
Tax (+/-) EUR -67,079.47
Annual surplus / annual deficit EUR 0.00
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 99,898,756.54
Fixed assets EUR 14,755,027.54
Intangible assets EUR 2,887,970.25
Concessions, licences, rights EUR 435,617.06
Goodwill EUR 2,452,353.19
Tangible assets EUR 4,150,613.67
Land / similar rights EUR 2,023,215.27
Plant / machinery EUR 130,694.82
Other tangible assets / fixtures and
fittings EUR 1,898,919.62
Advance payments made / construction
in progress EUR 97,783.96
Financial assets EUR 7,716,443.62
Shares in participations /
subsidiaries and the like EUR 6,505,443.62
Shares in related companies EUR 5,617,690.34
Shares in investee companies EUR 887,753.28
Loans to participations /
subsidiaries and the like EUR 1,211,000.00
Loans to related companies EUR 1,211,000.00
Current assets EUR 85,089,733.59
Stocks EUR 6,755,997.67
Raw materials, consumables and
supplies EUR 2,961,982.08
Finished goods / work in progress EUR
3,794,015.59
Accounts receivable EUR 71,500,467.23
Trade debtors EUR 5,795,433.82
Amounts due from related companies EUR
65,360,845.43
Amounts due from investee companies EUR
229,757.02
Other debtors and assets EUR 114,430.96
Liquid means EUR 6,833,268.69
Remaining other assets EUR 53,995.41
Accruals (assets) EUR 53,995.41
LIABILITIES EUR 99,898,756.54
Shareholders' equity EUR 34,851,066.80
Capital EUR 290,500.00
Subscribed capital (share capital) EUR 290,500.00
Reserves EUR 31,086,808.32
Capital reserves EUR 31,078,627.59
Retained earnings / revenue reserves
EUR 8,180.73
Balance sheet profit/loss (+/-) EUR
3,473,758.48
Balance sheet profit / loss EUR 3,473,758.48
Provisions EUR 3,094,440.00
Other / unspecified provisions EUR 3,094,440.00
Liabilities EUR 61,953,249.74
Other liabilities EUR 61,953,249.74
Trade creditors (for IAS incl. bills
of exchange) EUR 8,589,617.27
Liabilities from received advance
payments EUR 1,093,111.67
Liabililties due to related
companiesEUR 51,814,995.17
Unspecified other liabilities EUR 455,525.63
thereof liabilities from tax /
financial authorities EUR 189,678.50
thereof liabilities from social
security EUR 24,343.00
PROFIT
AND LOSS ACCOUNT (cost of sales method) according to Comm.
Code
(HGB)
Sales EUR 91,445,094.39
Manufacturing costs EUR 42,558,186.29
Gross result on sales EUR 48,886,908.10
Distribution costs EUR 17,586,378.84
General administration expenses EUR
4,858,174.16
Research and development costs EUR 5,088,944.95
Depreciation except financial assets EUR
2,452,353.17
Other operating income EUR 3,073,219.58
Other operating expenses EUR
1,264,307.08
Operating result from continuing
operations EUR 20,709,969.48
Result from participating interests
(+/-) EUR 2,260,048.00
Expenses / income from participations
EUR 2,260,048.00
Income from related companies EUR 2,260,048.00
Interest result (+/-) EUR -1,340,160.27
Interest and similar income EUR 32,437.24
thereof from related companies EUR 32,437.24
Interest and similar expenses EUR 1,372,597.51
thereof paid to related companies EUR
1,340,263.39
Financial result (+/-) EUR 919,887.73
Result from ordinary operations (+/-) EUR
21,629,857.21
Expenses for transfer of profits to a
parent company EUR 21,542,930.10
Income tax / refund of income tax
(+/-)EUR -52,538.32
Other taxes / refund of taxes EUR -34,388.79
Tax (+/-) EUR -86,927.11
Annual surplus / annual deficit EUR 0.00
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.69 |
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|
1 |
INR 90.35 |
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Euro |
1 |
INR 79.21 |
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EUR |
1 |
INR 79.08 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
VAR |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
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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 |
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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.