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MIRA
INFORM REPORT
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Report No. : |
493531 |
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Report Date : |
28.02.2018 |
IDENTIFICATION DETAILS
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Name : |
MERIDION TECHNOLOGIES GMBH |
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Registered Office : |
Mauchenerstr. 14, D 79379 Müllheim |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
19.08.2010 |
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Com. Reg. No.: |
HRB 705732 |
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Legal Form : |
Private limited company |
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Line of Business : |
·
Engineering activities in the field of
technical sectoral planning andengineering design ·
Other research and experimental
development on natural sciences and engineering |
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No. of Employees : |
17 |
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 (30.09.2017) |
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 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 And Address
Report on: Meridion Technologies GmbH
Mauchenerstr.
14
D 79379 Müllheim
Telephone:07631/93638-0
Telefax:
07631/93638-10
Homepage: www.meridion-technologies.de
E-mail:
info@meridion-technologies.com
Company Status: active
VAT
no.: DE815216667
CONCLUSION
Business relations are permissible.
Company
Summery
LEGAL FORM Private
limited company
Date of foundation: 19.08.2010
Shareholders'
agreement: 19.08.2010
Registered on: 24.08.2010
Commercial Register: Local court 79098 Freiburg
under: HRB
705732
Share capital: EUR 25,000.00
Shareholder:
Dr. Bernhard Luy
Landsknechtstr. 13
D 79102 Freiburg
born: 18.06.1961
Share: EUR 25,000.00
Manager:
Dr. Bernhard Luy
Landsknechtstr. 13
D 79102 Freiburg
having sole power of
representation
born: 18.06.1961
Further functions/participations of Dr.
Bernhard Luy (Manager)
Shareholder:
Xertecs GmbH
Haltinger Str. 8
D 79379 Müllheim
Legal form: Private
limited company
Share capital: EUR 27,000.00
Share: EUR 9,000.00
Registered
on: 30.08.2013
Reg. data: 79098 Freiburg, HRB 710385
Manager:
Xertecs GmbH
Haltinger Str. 8
D 79379 Müllheim
Legal form: Private
limited company
Share capital: EUR 27,000.00
Registered
on: 30.08.2013
Reg. data: 79098 Freiburg, HRB 710385
COMPANY
HISTORY
company name and legal form
24.08.2010 - 14.10.2010 Meridion Technologies GmbH
Landsknechtstr. 13
D 79102 Freiburg
Private
limited company
BUSINESS ACTIVITIES
Main industrial sector
71122
Engineering activities in the field of technical sectoral
planning andengineering design
72190
Other research and experimental development on natural
sciences
and engineering
FINANCIAL
INFORMATION
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2016
REAL ESTATE
Type of ownership: Tenant
Address Mauchenerstr. 14
D 79379 Müllheim
Land register documents were not available.
BANKERS
A
bank connection is unknown.
FINANCIAL
FIGURES
Turnover: 2016 *EUR 2,625,000.00
2017 *EUR 2,635,000.00
Expected turnover: *EUR 2,645,000.00
Profit: 2016 EUR 1,457,137.00
further business figures:
Equipment: EUR 329,670.00
Ac/ts receivable: EUR 865,922.00
Liabilities: EUR 792,180.00
Employees:
17
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 [%]: 51.98
Liquidity ratio: 10.00
Return on total capital [%]: 37.00
Balance sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]: 16.33
Liquidity ratio: 1.12
Return on total capital [%]: 7.77
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 26.61
Liquidity
ratio: 0.92
Return on total capital [%]: 6.58
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 6.64
Liquidity ratio: 0.17
Return on total capital [%]: 2.16
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.
Financial
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 3,946,172.76
Fixed assets
EUR 345,003.08
Intangible assets
EUR 15,333.00
Tangible assets
EUR 329,670.08
Current assets
EUR 3,573,842.52
Stocks
EUR 1,165,819.32
Received advance payments for orders
(depreciated on the assets side)
EUR -3,987,464.07
Accounts receivable
EUR 865,922.08
Liquid means
EUR 1,542,101.12
Remaining other assets
EUR 27,327.16
Accruals (assets)
EUR 27,327.16
LIABILITIES EUR 3,946,172.76
Shareholders' equity
EUR 2,054,799.35
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR 2,029,799.35
Profit / loss brought forward
EUR 572,661.86
Annual surplus / annual deficit
EUR 1,457,137.49
Provisions
EUR 1,099,193.04
Liabilities
EUR 792,180.37
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 4,148,121.30
Fixed assets
EUR 347,874.00
Intangible assets
EUR 11,986.00
Tangible assets
EUR 335,888.00
Current assets
EUR 3,776,584.86
Stocks
EUR 459,580.66
Received advance payments for orders
(depreciated on the assets side)
EUR -3,786,743.84
Accounts receivable
EUR 627,412.85
Liquid means
EUR 2,689,591.35
Remaining other assets
EUR 23,662.44
Accruals (assets)
EUR 23,662.44
LIABILITIES EUR 4,148,121.30
Shareholders' equity
EUR 682,661.86
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR 657,661.86
Profit / loss brought forward
EUR 335,731.73
Annual surplus / annual deficit
EUR 321,930.13
Provisions
EUR 214,808.34
Liabilities
EUR 3,250,651.10
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.85 |
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1 |
INR 90.58 |
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Euro |
1 |
INR 79.97 |
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Euro |
1 |
INR 79.64 |
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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PRA |
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Report Prepared
by : |
KET |
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.