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MIRA
INFORM REPORT
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Report No. : |
491303 |
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Report Date : |
09.02.2018 |
IDENTIFICATION DETAILS
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Name : |
CARL ZEISS MEDITEC AG |
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Registered Office : |
Göschwitzer Str. 51-52, D 07745 Jena |
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Country : |
Germany |
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Financials (as on) : |
30.09.2016 |
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Date of Incorporation : |
04.10.1995 |
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Com. Reg. No.: |
HRB 205623 |
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Legal Form : |
Public Limited Company |
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Line of Business : |
·
Manufacutre
of technical instruments and supplies for medical purposesn.e.c. ·
Wholesale
of medical and orthopedic goods, dental and laboratory supplies ·
Other
service activities n. e. c. |
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No. of Employees : |
1,203 |
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.
|
Source
: CIA |
Company
Name And Address
CARL
ZEISS MEDITEC AG
Company Status: active
Göschwitzer Str. 51-52
D 07745 Jena
Telephone:03641/220-0
Telefax: 03641/220-012
Homepage: www.zeiss.de/meditec
E-mail:
info.meditec@zeiss.com
VAT no.: DE811922737
CONCLUSION
Business relations are permissible.
Company
summary
LEGAL FORM Public
limited company
Date of foundation: 04.10.1995
Registered on: 30.11.1995
Commercial Register: Local court 07745 Jena
under: HRB
205623
Share
capital
EUR
89,440,570.00
The company is listed on the stock market.
Shareholder:
Carl Zeiss AG
Carl-Zeiss-Str. 22
D 73447 Oberkochen
Legal form: Public
limited company
Share capital: EUR
120,000,000.00
Share: 65.000 %
Registered on: 22.03.2004
Reg. data: 89073 Ulm, HRB
501555
Shareholder:
ODDO et Cie.
12 Boulevard de la
Madeleine
F 7500 Paris
Legal form: Other legal
form
Share: 3.040 %
Shareholder:
Baillie Gifford & Co.
Calton Square, 1
Greenside Row
GB EH1 3AN Edinburgh
Legal form: Other legal
form
Share: 3.000 %
Member of the Board of Directors:
Dr. Ludwin Monz
D 79098 Freiburg
born: 20.10.1963
Member of the Board of Directors:
Dr. Christian Müller
D 89129 Langenau
born: 03.08.1967
President of the Supervisory Board:
Prof. Dr. sc. nat. Michael
Kaschke
Wiesenweg 20
D 73447 Oberkochen
born: 18.06.1957 in Greiz
Profession: Physicist
Marital status: unknown
Vice-president of the Supervisory Board:
Dr. Markus Guthoff
D 47798 Krefeld
born: 12.05.1964
Member of the Supervisory Board:
Thomas Spitzenpfeil
Schirnerstr. 24
D 41515 Grevenbroich
born: 22.12.1962
Profession: Businessman
Marital status: married
Member of the Supervisory Board:
Dr. Carla Katharina Kriwet
D 20099 Hamburg
born: 01.03.1971
Member of the Supervisory Board:
Cornelia Grandy
D 73447 Oberkochen
Marital status: unknown
Member of the Supervisory Board:
Jörg Heinrich
D 07745 Jena
born: 1958 in Leipzig
Marital status: married
Proxy:
Hartmut König
D 85591
Vaterstetten
authorized to jointly
represent the company
born: 20.11.1958
Profession: Fully
qualified computer
scientist
Marital status: married
Proxy:
Cornelia Braun
D 89134 Blaustein
authorized to jointly
represent the company
born: 18.12.1966
Proxy:
Falk Hartwig
Argelsrieder Str. 19a
D 81475 München
authorized to jointly
represent the company
born: 25.05.1964
Proxy:
Jan Willem de Cler
NL
Rotterdam
authorized to jointly
represent the company
born: 05.01.1965
Nationality: Dutch
Proxy:
Dirk Brunner
USA San Francisco, CA
authorized to
jointly represent the company
born: 10.07.1970
Nationality: USA
Proxy:
Dr. Till Sellschopp
D 99423 Weimar
authorized to jointly
represent the company
born: 25.07.1976
Further functions/participations of Dr.
Christian Müller (Member
of
the Board of Directors)
Manager:
Carl Zeiss Meditec Asset
Management
Verwaltungsgesellschaft mbH
Göschwitzer Str. 51-52
D 07745 Jena
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 16.05.2000
Reg. data: 07745 Jena, HRB 208261
COMPANY
HISTORY
Company name and legal form
23.02.2002 - 04.07.2002 ASCLEPION-MEDITEC AG
Göschwitzer Str.
51-52
D 07745 Jena
Public limited
company
11.11.1999 - 22.02.2002 ASCLEPION-MEDITEC AG
Prüssingstr. 41
D 07745 Jena
Public limited
company
04.10.1995 - 11.11.1999 AESCULAP - MEDITEC GMBH
Prüssingstr. 41
D 07745 Jena
Private limited
company
RESIGNED ACTING PERSONS AND SHAREHOLDERS
04.05.2011 - 25.10.2016 Member of the Board of Directors
Thomas Simmerer
D 18375 Born
17.10.2011 - 21.04.2016 President of the Board of Directors
Dr. Ludwin Monz
D 79098 Freiburg
BUSINESS
ACTIVITIES
Main
industrial sector
32501
Manufacutre of technical instruments and supplies for medical
purposesn.e.c.
46462
Wholesale of medical and orthopedic goods, dental and laboratory
supplies
96090
Other service activities n. e. c.
BRANCHES
AND FACTORIES
Works:
Carl Zeiss Meditec AG
Carl-Zeiss-Promenade 10
D 07745 Jena
TEL.: 03641/643929
Works:
Carl Zeiss Meditec AG
Kistlerhofstr. 75
D 81379 München
Branch:
Carl Zeiss Meditec AG
Rudolf-Eber-Str. 11
D 73447 Oberkochen
TEL.: 07364/206000
PARTICIPATIONS
Shareholder:
Carl Zeiss Meditec Asset
Management
Verwaltungsgesellschaft
mbH
Göschwitzer Str. 51-52
D 07745 Jena
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 16.05.2000
Local
court 07745 Jena
HRB 208261
Shareholder:
S & V Technologies
GmbH
Neuendorfstr. 20a
D 16761 Hennigsdorf
Legal form: Private limited company
Company Status: active
Share capital: EUR 100,000.00
Share: EUR 2,000.00
Reg. data: 26.11.2013
Local court
16816 Neuruppin
HRB 10630 NP
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: Proprietor
Share: 100.00 %
Address Paintweg
10
D 92685 Floß
Type of ownership: Tenant
Address Göschwitzer
Str. 51-52
D 07745 Jena
Land register documents were not available.
BANKERS
Principal bank
DEUTSCHE BANK, 07703 JENA
Sort. code: 82070000
BIC: DEUTDE8EXXX
Further banks
COMMERZBANK VORMALS DRESDNER BANK, 07708 JENA
Sort. code: 82080000
BIC: DRESDEFF827
UNICREDIT BANK - HYPOVEREINSBANK, 07704 JENA
Sort. code: 83020087
BIC: HYVEDEMM463
FINANCIAL
FIGURES
Turnover: 2014/2015 EUR 651,110,000.00
2015/2016 EUR 689,643,000.00
Profit: 2014/2015 EUR 33,350,000.00
2015/2016 EUR 42,747,000.00
further business figures:
Equipment: EUR 10,784,000.00
Ac/ts receivable: EUR 404,314,000.00
Liabilities: EUR 86,817,000.00
Employees:
1,203
-
Trainees:
5
BALANCE SHEETS
Balance sheet ratios 01.10.2015 - 30.09.2016
Equity ratio [%]: 83.87
Liquidity ratio: 5.22
Return on total capital [%]: 5.29
Balance sheet ratios 01.10.2014 - 30.09.2015
Equity ratio [%]: 86.18
Liquidity ratio: 5.10
Return on total capital [%]: 3.84
Balance sheet ratios 01.10.2013 - 30.09.2014
Equity ratio [%]: 87.24
Liquidity ratio: 7.61
Return on total capital [%]: 6.59
Balance sheet ratios 01.10.2012 - 30.09.2013
Equity ratio [%]: 85.33
Liquidity ratio: 5.52
Return on total capital [%]: 6.10
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: 01.10.2015
- 30.09.2016
ASSETS EUR 1,007,468,000.00
Fixed assets
EUR 496,273,000.00
Intangible assets
EUR 143,133,000.00
Concessions, licences, rights
EUR 77,126,000.00
Goodwill
EUR 66,007,000.00
Tangible assets
EUR 17,993,000.00
Land / similar rights
EUR 2,637,000.00
Plant / machinery EUR 4,276,000.00
Other tangible assets / fixtures and
fittings
EUR 10,784,000.00
Advance payments made / construction
in progress
EUR 296,000.00
Financial assets
EUR 335,147,000.00
Shares in participations /
subsidiaries and the like
EUR 251,950,000.00
Shares in related companies
EUR 251,948,000.00
Shares in investee companies
EUR 2,000.00
Loans to participations /
subsidiaries and the like
EUR 82,454,000.00
Loans to related companies
EUR 82,454,000.00
Other loans
EUR 743,000.00
Current assets
EUR 500,472,000.00
Stocks
EUR 96,085,000.00
Raw materials, consumables and
supplies
EUR 45,875,000.00
Finished goods / work in progress EUR
52,387,000.00
Advance payments made
EUR 214,000.00
Minus received advance payments for
orders / installments for stocks
EUR -2,391,000.00
Accounts receivable
EUR 404,314,000.00
Trade debtors
EUR 33,216,000.00
Amounts due from related companies
EUR 359,960,000.00
Amounts due from investee companies
EUR 107,000.00
Other
debtors and assets EUR 11,031,000.00
Liquid means
EUR 73,000.00
Remaining other assets
EUR 10,723,000.00
Accruals (assets)
EUR 701,000.00
Active difference from asset
offsetting
EUR 10,022,000.00
LIABILITIES EUR 1,007,468,000.00
Shareholders' equity
EUR 846,268,000.00
Capital EUR 81,310,000.00
Subscribed capital (share capital)
EUR 81,310,000.00
Reserves
EUR 649,394,000.00
Capital reserves
EUR 646,454,000.00
Retained earnings / revenue reserves EUR 2,940,000.00
Balance sheet profit/loss (+/-)
EUR 115,564,000.00
Balance sheet profit / loss
EUR 115,564,000.00
Items between shareholders' equity and
debt capital EUR 81,000.00
Allowances / bonuses
EUR 81,000.00
Provisions
EUR 70,763,000.00
Pension provisions and comparable
provisions EUR 1,603,000.00
Provisions for taxes
EUR 12,626,000.00
Other / unspecified provisions
EUR 56,534,000.00
Liabilities
EUR 86,817,000.00
Other liabilities EUR 86,817,000.00
Trade creditors (for IAS incl. bills
of exchange)
EUR 37,348,000.00
Liabililties due to related companiesEUR 45,450,000.00
Liabilities due to investee companiesEUR 628,000.00
Unspecified other liabilities
EUR 3,391,000.00
thereof liabilities from tax /
financial authorities
EUR 3,184,000.00
Other liabilities
EUR 3,539,000.00
Deferrals (liabilities)
EUR 2,167,000.00
Deferred taxes (not included under
provisions/liabilities)
EUR 1,372,000.00
Guarantees and other commitments
EUR 28,656,000.00
Guarantees / warranties
EUR 28,656,000.00
Guarantees
EUR 28,656,000.00
PROFIT AND LOSS ACCOUNT (cost of sales method)
according to Comm.
Code
(HGB)
Sales
EUR 689,643,000.00
Manufacturing costs
EUR 353,287,000.00
Gross result on sales
EUR 336,356,000.00
Distribution costs
EUR 107,554,000.00
General administration expenses EUR
33,110,000.00
Research and development costs
EUR 87,805,000.00
Other operating income
EUR 32,554,000.00
Other operating expenses
EUR 41,553,000.00
Operating result from continuing
operations
EUR 98,888,000.00
Interest result (+/-)
EUR -19,000.00
Interest and similar income
EUR 749,000.00
thereof from related companies
EUR 157,000.00
Interest and similar expenses
EUR 768,000.00
Other financial result
EUR -17,995,000.00
Income from securities and loans from
financial assets
EUR 2,505,000.00
thereof related companies
EUR 2,505,000.00
Depreciation on financial assets and
marketable securities
EUR 20,500,000.00
Financial result (+/-)
EUR -18,014,000.00
Result from ordinary operations (+/-)
EUR 80,874,000.00
Extraordinary expenses
EUR 6,970,000.00
Extraordinary result (+/-)
EUR -6,970,000.00
Income tax / refund of income tax (+/-)EUR -30,904,000.00
Other taxes / refund of taxes
EUR -253,000.00
Tax
(+/-)
EUR -31,157,000.00
Annual surplus / annual deficit
EUR 42,747,000.00
Type
of balance
sheet: Company balance sheet
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.10.2014 - 30.09.2015
ASSETS EUR 962,957,000.00
Fixed assets
EUR 531,002,000.00
Intangible assets
EUR 154,298,000.00
Concessions, licences, rights
EUR 80,957,000.00
Goodwill
EUR 73,341,000.00
Tangible assets EUR
17,249,000.00
Land / similar rights
EUR 2,543,000.00
Plant / machinery
EUR 5,101,000.00
Other tangible assets / fixtures and
fittings
EUR 8,912,000.00
Advance payments made / construction
in progress
EUR 693,000.00
Financial assets
EUR 359,455,000.00
Shares in participations /
subsidiaries and the like EUR 251,950,000.00
Shares in related companies
EUR 251,948,000.00
Shares in investee companies
EUR 2,000.00
Loans to participations /
subsidiaries and the like
EUR 106,549,000.00
Loans to related companies
EUR 106,549,000.00
Other loans
EUR 956,000.00
Current assets
EUR 431,181,000.00
Stocks
EUR 95,489,000.00
Raw materials, consumables and
supplies
EUR 46,992,000.00
Finished goods / work in progress
EUR 49,882,000.00
Advance payments made
EUR 378,000.00
Minus received advance payments for
orders / installments for stocks
EUR -1,763,000.00
Accounts receivable
EUR 335,689,000.00
Trade debtors
EUR 30,515,000.00
Amounts due from related companies
EUR 295,928,000.00
Amounts due from investee companies
EUR 147,000.00
Other debtors and assets
EUR 9,099,000.00
Liquid means
EUR 3,000.00
Remaining
other assets EUR 774,000.00
Accruals (assets)
EUR 774,000.00
LIABILITIES EUR 962,957,000.00
Shareholders' equity
EUR 834,418,000.00
Capital
EUR 81,310,000.00
Subscribed capital (share capital)
EUR 81,310,000.00
Reserves
EUR 649,394,000.00
Capital reserves
EUR 646,454,000.00
Retained earnings / revenue reserves EUR 2,940,000.00
Balance sheet profit/loss (+/-)
EUR 103,714,000.00
Balance sheet profit / loss
EUR 103,714,000.00
Items between shareholders' equity and
debt capital
EUR 104,000.00
Allowances / bonuses
EUR 104,000.00
Provisions
EUR 45,095,000.00
Pension provisions and comparable
provisions
EUR 4,343,000.00
Provisions for taxes
EUR 2,915,000.00
Other / unspecified provisions
EUR 37,837,000.00
Liabilities
EUR 71,241,000.00
Other liabilities
EUR 71,241,000.00
Trade creditors (for IAS incl. bills
of exchange)
EUR 29,657,000.00
Liabililties due to related companiesEUR 38,138,000.00
Liabilities due to investee companiesEUR 168,000.00
Unspecified other liabilities
EUR 3,278,000.00
thereof liabilities from tax /
financial authorities
EUR 3,184,000.00
Other liabilities EUR 12,099,000.00
Deferrals (liabilities)
EUR 1,200,000.00
Deferred taxes (not included under
provisions/liabilities)
EUR 10,899,000.00
Guarantees and other commitments
EUR 36,043,000.00
Guarantees / warranties
EUR 36,043,000.00
Guarantees
EUR 36,043,000.00
PROFIT AND LOSS ACCOUNT (cost of sales method)
according to Comm.
Code
(HGB)
Sales EUR 651,110,000.00
Manufacturing costs
EUR 345,300,000.00
Gross result on sales
EUR 305,810,000.00
Distribution costs
EUR 103,990,000.00
General administration expenses
EUR 35,135,000.00
Research and development costs
EUR 79,080,000.00
Other operating income
EUR 39,105,000.00
Other operating expenses
EUR 43,166,000.00
Operating result from continuing
operations
EUR 83,544,000.00
Interest result (+/-)
EUR -11,264,000.00
Interest and similar income
EUR 695,000.00
thereof from related companies
EUR 426,000.00
Interest and similar expenses
EUR 11,959,000.00
Other financial result
EUR -13,203,000.00
Income from securities and loans from
financial assets EUR 2,797,000.00
thereof related companies
EUR 2,797,000.00
Depreciation on financial assets and
marketable securities
EUR 16,000,000.00
Financial result (+/-)
EUR -24,467,000.00
Result from ordinary operations (+/-)
EUR 59,077,000.00
Extraordinary expenses
EUR 748,000.00
Extraordinary result (+/-)
EUR -748,000.00
Income tax / refund of income tax (+/-)EUR -24,705,000.00
Other taxes / refund of taxes
EUR -274,000.00
Tax
(+/-)
EUR -24,979,000.00
Annual surplus / annual deficit
EUR 33,350,000.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.16 |
|
|
1 |
INR 89.19 |
|
Euro |
1 |
INR 78.75 |
|
Euro |
1 |
INR 78.81 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
SYL |
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.