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MIRA INFORM REPORT
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Report No. : |
489976 |
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Report Date : |
02.02.2018 |
IDENTIFICATION DETAILS
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Name : |
TCT TESIC GMBH |
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Registered Office : |
Kalthofer Feld 19, D 58640 Iserlohn |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
16.03.1993 |
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Com. Reg. No.: |
HRB 1662 |
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Legal Form : |
Private Limited
Company |
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Line of Business : |
· Repair of machinery ·
Installation of machines and equipment n.e.c. ·
Wholesale of machine tools |
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No. of Employees : |
26 |
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+ |
Low Risk |
Business dealings permissible with low
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 (30.06.2017) |
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 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, bolstered by low energy prices and a weak
euro, and exports are likely to drive German GDP growth again in 2018.
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Source
: CIA |
Company
name & address
TCT TESIC GMBH
Company Status: active
Kalthofer Feld 19
D 58640 Iserlohn
Telephone:02371/77260
Telefax:
02371/772610
Homepage: www.tct-tesic.com
E-mail:
info@tct-tesic.com
Trade name: Gießanlagen
VAT
no.: DE811459545
Tax
ID number: 328/5810/0189
CONCLUSION
Business relations are permissible.
LEGAL FORM Private Limited Company
Date of foundation: 16.03.1993
Shareholders'
agreement: 16.03.1993
Registered on: 13.04.1993
Commercial Register: Local court 58636
Iserlohn
under: HRB 1662
Share capital: EUR 50,000.00
Shareholder:
Zoran Tesic
Seilerblick 37
D 58636 Iserlohn
born: 06.03.1952 in
Zemun/Serbien
Share: EUR 50,000.00
Manager:
Zoran Tesic
Seilerblick 37
D 58636 Iserlohn
having sole power of
representation
born: 06.03.1952 in
Zemun/Serbien
Profession: Businessman
Marital status: married
Proxy:
Sudhir Gurram
D 58706 Menden
having sole power of
representation
born: 18.02.1965 in
Solarpur/Indiendas
Proxy:
Darko Tesic
D 58089 Hagen
having sole power of
representation
born: 08.04.1984
Further functions/participations of Zoran Tesic
(Manager)
Shareholder:
Tammet-Systems
International GmbH
Im Kurzen Busch 11
D 58640 Iserlohn
Legal form: Private
limited company
Share capital: EUR 75,000.00
Share: EUR 38,250.00
Registered
on: 23.08.2010
Reg. data: 58636 Iserlohn, HRB 7142
COMPANY
HISTORY
company name and legal form
01.01.1997 - 31.12.2012 TCT Tesic GmbH
Im Kurzen Busch 11
D 58640 Iserlohn
Private limited
company
13.04.1993 - 31.12.1996 TCT Industriehandels GmbH
Seilerblick 37
D 58636 Iserlohn
Private limited
company
BUSINESS
ACTIVITIES
Main industrial sector
33120
Repair of machinery
332
Installation of machines and equipment n.e.c.
4662
Wholesale of machine tools
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 Kalthofer Feld 19
D 58640 Iserlohn
Land register documents were not available.
BANKERS
Principal bank
SPARKASSE
DER STADT ISERLOHN, 58634 ISERLOHN
Sort. code: 44550045, Account no.: 18068239
BIC: WELADED1ISL, IBAN: DE23445500450018068239
Further bank
DEUTSCHE BANK PRIVAT UND GESCHÄFTSKUNDEN,
58634 ISERLOHN
Sort. code: 44570024, Account no.: 18969600
BIC: DEUTDEDB445, IBAN: DE83445700240018969600
FINANCIAL
FIGURES
Turnover: 2017 *EUR 6,500,000.00
Profit: 2016 EUR 57,675.00
further business figures:
Ac/ts receivable: EUR 394,419.00
Liabilities: EUR 390,291.00
Total numbers of vehicles: 5
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Passenger cars:
5
Employees:
26
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thereof permanent staff: 18
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Part-time employees: 3
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Trainees:
1
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Temporary workers: 4
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 [%]: 64.98
Liquidity ratio: 10.00
Return on total capital [%]: 2.82
Balance sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]: 53.99
Liquidity ratio: 1.50
Return on total capital [%]: 3.31
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 57.16
Liquidity ratio: 2.94
Return on total capital [%]: 3.89
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 63.63
Liquidity ratio: 1.79
Return on total capital [%]: -2.14
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 2,059,620.86
Fixed assets
EUR 694,560.00
Intangible assets
EUR 11,150.00
Tangible assets
EUR 648,410.00
Financial assets
EUR 35,000.00
Current assets
EUR 1,362,944.99
Stocks
EUR 486,171.16
Accounts receivable
EUR 394,419.20
Liquid means EUR 482,354.63
Remaining other assets
EUR 2,115.87
Accruals (assets)
EUR 2,115.87
LIABILITIES EUR 2,059,620.86
Shareholders' equity
EUR 1,343,471.13
Capital
EUR 50,000.00
Subscribed capital (share capital)
EUR 50,000.00
Balance sheet profit/loss (+/-)
EUR 1,293,471.13
Profit
/ loss brought forward EUR 1,235,796.62
Annual surplus / annual deficit
EUR 57,674.51
Provisions
EUR 325,859.16
Liabilities
EUR 390,290.57
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 2,379,485.02
Fixed assets
EUR 639,639.00
Intangible assets
EUR 5,184.00
Tangible assets
EUR 599,455.00
Financial assets
EUR 35,000.00
Current assets
EUR 1,738,843.93
Stocks
EUR 892,514.20
Accounts receivable
EUR 350,409.73
Liquid means EUR 495,920.00
Remaining other assets
EUR 1,002.09
Accruals (assets)
EUR 1,002.09
LIABILITIES EUR 2,379,485.02
Shareholders' equity
EUR 1,285,796.62
Capital
EUR 50,000.00
Subscribed capital (share capital)
EUR 50,000.00
Balance sheet profit/loss (+/-)
EUR 1,235,796.62
Profit / loss brought forward
EUR 1,157,116.76
Annual surplus / annual deficit
EUR 78,679.86
Provisions
EUR 363,670.78
Liabilities
EUR 730,017.62
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.61 |
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1 |
INR 90.17 |
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Euro |
1 |
INR 78.95 |
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EUR |
1 |
INR 79.94 |
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 : |
TPT |
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
·
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.