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MIRA INFORM REPORT
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Report No. : |
491149 |
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Report Date : |
17.02.2018 |
IDENTIFICATION DETAILS
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Name : |
TECINVEST HOLDING AG |
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Registered Office : |
Siemensstr. 2A, D 82178 Puchheim |
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Country : |
Germany |
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Financials (as on) : |
31.12.2015 |
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Date of Incorporation : |
06.04.1990 |
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Com. Reg. No.: |
HRB 124707 |
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Legal Form : |
Public Limited Company |
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Line of Business : |
· Activities of holding companies · Activities of head offices |
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No. of Employees : |
208 |
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
TECINVEST HOLDING AG
Company
Status: active
Siemensstr. 2A
D 82178 Puchheim
Telephone:089/800746-0
Telefax:
089/800746-199
Homepage: www.scanlab.de
E-mail:
info@scanlab.de
VAT
no.: DE129456351
CONCLUSION
Business relations are permissible.
LEGAL FORM Public Limited Company
Date of foundation: 06.04.1990
Registered on: 19.03.1999
Commercial
Register: Local court 80333 München
under: HRB 124707
Share capital: EUR 4,841,800.00
Member of the Board of Directors:
Georg Johann Hofner
Sandbergstr. 62c
D 82178 Puchheim
born: 23.02.1963
Member of the Board of Directors:
Dirk Thomas
D 82288 Kottgeisering
authorized to jointly
represent the company
born: 22.02.1967
Profession: Fully
qualified merchant
Marital status: married
President of the Supervisory Board:
Dr. Hans Langer
D 82178 Puchheim
Marital status: unknown
Vice-president of the Supervisory Board:
Dipl.-Ing. Wilfried
Stadlmair
Bustellistr. 8
D 80638 München
born: 14.08.1954
Profession: graduate
engineer
Nationality: Austrian
Marital status: married
Member of the Supervisory Board:
Dr. Manfred Roemer
Antwerpener Str. 1
D 80805 München
born: 16.06.1953
Profession: lawyer and
tax consultant
Marital status: married
Member of the Supervisory Board:
Dieter Manz
D 72667 Schlaitdorf
born: 25.11.1961
Profession: Fully
qualified engineer
Property regime: joint
ownership of property
by a married couple.
Marital status: married
Member of the Supervisory Board:
Dipl.Ing. Carl Ferdinand
Baasel
Konradstr. 14
D 80801 München
born: 24.03.1941
Profession: graduate
engineer
Marital status: married
Member of the Supervisory Board:
Henry Mrejen
F Paris
Nationality: French
Marital status: unknown
Further functions/participations of Georg
Johann Hofner (Member
of
the Board of Directors)
Manager:
SCANLAB GmbH
Siemensstr. 2a
D 82178 Puchheim
Legal form: Private
limited company
Share capital: EUR 5,000,000.00
Registered
on: 25.09.2009
Reg. data: 80333 München, HRB 181538
Further
functions/participations of Dirk Thomas (Member of the
Board of Directors)
Proxy:
SCANLAB GmbH
Siemensstr. 2a
D 82178 Puchheim
Legal form: Private
limited company
Share capital: EUR 5,000,000.00
Registered
on: 25.09.2009
Reg. data: 80333 München, HRB 181538
COMPANY
HISTORY
company name and legal form
19.03.1999
- 15.09.2016 SCANLAB Aktiengesellschaft
Siemensstr. 2a
D 82178 Puchheim
Public limited
company
RESIGNED
ACTING PERSONS AND SHAREHOLDERS
18.10.2016 - 23.10.2017 Member of the Board of Directors
Hans Joachim Langer
D 82166 Gräfelfing
06.09.2016 - 13.10.2016 Member of the Board of Directors
Christian Huttenloher
D 85221 Dachau
06.09.2016 - 13.10.2016 Member of the Board of Directors
Norbert Petschik
D 82178 Puchheim
BUSINESS
ACTIVITIES
Main industrial sector
64200
Activities of holding companies
7010
Activities of head offices
PARTICIPATIONS
Shareholder:
SCANLAB GmbH
Siemensstr. 2a
D 82178 Puchheim
Legal form: Private
limited company
Company Status: active
Share capital: EUR 5,000,000.00
Share: EUR 5,000,000.00
Reg. data: 25.09.2009
Local court
80333 München
HRB 181538
Shareholder:
RAYLASE GmbH
Argelsrieder Feld 2 + 4
D 82234 Weßling
Legal form: Private
limited company
Company Status: active
Share capital: EUR 359,950.00
Share: EUR 359,950.00
Reg. data: 25.07.2017
Local court 80333
München
HRB 234738
Shareholder:
Blackbird Robotersysteme
GmbH
Carl-Zeiss-Str. 5
D 85748 Garching
Legal form: Private
limited company
Company Status: active
Share capital: EUR 31,500.00
Share: EUR 31,500.00
Reg. data: 10.10.2008
Local court 80333 München
HRB 175712
FINANCIAL
INFORMATION
Payment experience: Regular
Negative information: We have no negative
information at hand.
Balance sheet year: 2015
PMI: No significant / relevant payment
experience
information pertaining to
the company
inquired upon is shown in
the Deutscher
Debitoren Monitor
(DDMonitor).
REAL
ESTATE
Type of ownership: proprietor
Share: 100.00 %
Address Siemensstr. 2a
D 82178 Puchheim
Land register documents were not available.
BANKERS
UNICREDIT BANK - HYPOVEREINSBANK, 80311
MÜNCHEN
Sort.
code: 70020270, Account no.: 44622670
BIC: HYVEDEMMXXX, IBAN: DE05700202700044622670
FINANCIAL
FIGURES
Equipment: EUR 717,514.00
Ac/ts receivable: EUR 8,991,466.00
Liabilities: EUR 1,627,029.00
Real
estate of the firm:
EUR 19,932,365.00
Employees:
208
BALANCE
SHEETS
Balance sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]: 96.11
Liquidity ratio: 10.00
Return on total capital [%]: 18.77
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 95.60
Liquidity ratio: 10.00
Return
on total capital [%]: 18.14
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 97.53
Liquidity ratio: 10.00
Return on total capital [%]: 13.17
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 97.10
Liquidity ratio: 10.00
Return on total capital [%]: 14.50
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
140,400,219.16
Fixed assets
EUR 34,257,748.48
Intangible assets
EUR 623,993.00
Concessions, licences, rights
EUR 623,993.00
Tangible assets EUR 23,051,435.64
Land / similar rights
EUR 19,932,364.62
Plant / machinery
EUR 306,906.00
Other tangible assets / fixtures and
fittings EUR 717,514.00
Advance payments made / construction
in progress
EUR 2,094,651.02
Financial assets
EUR 10,582,319.84
Shares in participations /
subsidiaries and the like
EUR 10,582,319.84
Shares in related companies
EUR 10,582,319.84
Current assets
EUR 106,106,187.35
Stocks
EUR 11,880,712.09
Raw materials, consumables and
supplies
EUR 8,731,055.47
Finished goods / work in progress
EUR 3,149,656.62
Accounts receivable
EUR 8,991,466.38
Trade debtors EUR 6,896,491.90
Amounts due from related companies
EUR 1,690,060.64
Other debtors and assets
EUR 404,913.84
Investments in current assets
EUR 33,629,592.70
Liquid means EUR 51,604,416.18
Remaining other assets
EUR 36,283.33
Accruals (assets)
EUR 36,283.33
LIABILITIES EUR 140,400,219.16
Shareholders'
equity EUR 134,938,357.84
Capital
EUR 4,841,800.00
Subscribed capital (share capital)
EUR 4,841,800.00
Reserves
EUR 75,484,180.00
Capital reserves
EUR 484,180.00
Retained earnings / revenue reserves EUR 75,000,000.00
Balance sheet profit/loss (+/-)
EUR 54,612,377.84
Balance sheet profit / loss
EUR 54,612,377.84
Provisions
EUR 3,834,832.51
Provisions for taxes
EUR 1,522,107.66
Other / unspecified provisions
EUR 2,312,724.85
Liabilities EUR 1,627,028.81
Other liabilities
EUR 1,627,028.81
Trade creditors (for IAS incl. bills
of exchange)
EUR 1,202,355.47
Liabilities from received advance
payments
EUR 214,169.86
Unspecified other liabilities
EUR 210,503.48
thereof liabilities from tax /
financial authorities
EUR 146,443.90
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Sales
EUR 72,140,796.33
Inventory change + own costs (+/-)
EUR 1,002,750.39
Inventory change (+/-)
EUR 1,002,750.39
Other operating income
EUR 2,174,256.95
Cost of materials
EUR 21,499,085.49
Raw materials and supplies, purchased
goods
EUR 21,244,597.47
Purchased services
EUR 254,488.02
Gross result (+/-)
EUR 53,818,718.18
Staff expenses
EUR 12,190,274.30
Wages and salaries
EUR 10,424,622.39
Social security contributions and
expenses for pension plans and
benefits
EUR 1,765,651.91
Total depreciation
EUR 1,285,635.22
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,285,635.22
Other operating expenses
EUR 4,520,042.71
Operating result from continuing
operations
EUR 35,822,765.95
Result from participating interests
(+/-)
EUR 1,276,071.50
Expenses / income from participations EUR 1,276,071.50
Income from related companies
EUR 1,276,071.50
Interest result (+/-)
EUR 262,060.81
Interest and similar income
EUR 262,129.78
Interest and similar expenses
EUR 68.97
Other financial result
EUR -703,074.35
Depreciation on financial assets and
marketable securities
EUR 703,074.35
Financial result (+/-)
EUR 835,057.96
Result from ordinary operations (+/-)
EUR 36,657,823.91
Income tax / refund of income tax (+/-)EUR -10,272,275.67
Other taxes / refund of taxes
EUR -30,544.79
Tax
(+/-)
EUR -10,302,820.46
Annual surplus / annual deficit
EUR 26,355,003.45
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 123,716,494.97
Fixed assets
EUR 32,739,231.72
Intangible assets
EUR 1,170,594.00
Concessions, licences, rights
EUR 1,170,594.00
Tangible assets EUR 21,521,917.12
Land / similar rights
EUR 20,511,148.62
Plant / machinery
EUR 332,155.00
Other tangible assets / fixtures and
fittings
EUR 678,613.50
Financial assets
EUR 10,046,720.60
Shares in participations /
subsidiaries and the like
EUR 10,046,720.60
Shares in related companies
EUR 10,046,720.60
Current
assets EUR 90,940,908.56
Stocks
EUR 9,272,918.64
Raw materials, consumables and
supplies
EUR 7,126,012.41
Finished goods / work in progress
EUR 2,146,906.23
Accounts receivable
EUR 6,131,677.69
Trade debtors
EUR 5,617,606.67
Amounts due from related companies
EUR 348,164.06
Other debtors and assets
EUR 165,906.96
Investments in current assets
EUR 25,087,137.50
Liquid means
EUR 50,449,174.73
Remaining other assets
EUR 36,354.69
Accruals (assets)
EUR 36,354.69
LIABILITIES EUR 123,716,494.97
Shareholders' equity
EUR 118,266,954.39
Capital
EUR 96,836.00
Subscribed capital (share capital)
EUR 103,704.00
Other capital
EUR -6,868.00
Reserves
EUR 73,637,290.07
Capital reserves
EUR 1,137,290.07
Retained earnings / revenue reserves EUR 72,500,000.00
Balance sheet profit/loss (+/-)
EUR 44,532,828.32
Balance sheet profit / loss
EUR 44,532,828.32
Provisions EUR 3,847,286.05
Provisions for taxes
EUR 1,398,458.85
Other / unspecified provisions
EUR 2,448,827.20
Liabilities
EUR 1,602,254.53
Other
liabilities EUR 1,602,254.53
Trade creditors (for IAS incl. bills
of exchange)
EUR 1,102,362.64
Liabilities from received advance
payments
EUR 94,103.95
Unspecified other liabilities
EUR 405,787.94
thereof liabilities from tax /
financial authorities
EUR 357,754.68
Guarantees and other commitments
EUR 400,000.00
Guarantees / warranties
EUR 400,000.00
Warranties
EUR 400,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 64,704,043.93
Inventory change + own costs (+/-)
EUR -116,881.04
Inventory change (+/-)
EUR -116,881.04
Other operating income
EUR 1,420,556.38
Cost of materials EUR 19,064,922.85
Raw materials and supplies, purchased
goods
EUR 18,851,320.57
Purchased services
EUR 213,602.28
Gross result (+/-)
EUR 46,942,796.42
Staff expenses
EUR 10,922,857.28
Wages and salaries
EUR 9,327,377.89
Social security contributions and
expenses for pension plans and
benefits EUR 1,595,479.39
Total depreciation
EUR 1,255,979.94
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,255,979.94
Other
operating expenses EUR 3,910,459.97
Operating result from continuing
operations
EUR 30,853,499.23
Interest result (+/-)
EUR 375,304.68
Interest and similar income
EUR 375,381.39
Interest and similar expenses
EUR 76.71
Financial result (+/-)
EUR 375,304.68
Result from ordinary operations (+/-)
EUR 31,228,803.91
Income tax / refund of income tax (+/-)EUR -8,759,938.25
Other taxes / refund of taxes
EUR -30,796.34
Tax
(+/-)
EUR -8,790,734.59
Annual surplus / annual deficit
EUR 22,438,069.32
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.90 |
|
|
1 |
INR 90.31 |
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Euro |
1 |
INR 80.17 |
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EUR |
1 |
INR 79.89 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRI |
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Report Prepared
by : |
TPT |
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.