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MIRA INFORM REPORT
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Report No. : |
485003 |
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Report Date : |
09.01.2018 |
IDENTIFICATION DETAILS
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Name : |
FEMTO MESSTECHNIK GMBH |
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Registered Office : |
Klosterstr. 64, D 10179
Berlin |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
01.08.1995 |
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Com. Reg. No.: |
HRB 56367 B |
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Legal Form : |
Private limited company |
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Line of Business : |
·
Manufacture of other electronic
components ·
Wholesale of electronic and
telecommunications equipment and parts ·
Engineering activities in the field
of technical sectoral planning
andengineering design |
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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 : |
Good |
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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 AND ADDRESS
Report on: FEMTO Messtechnik GmbH
Klosterstr. 64
D 10179 Berlin
Company Status: active
Telephone:030/2804711-0
Telefax: 030/2804711-11
Homepage: www.femto.de
E-mail: info@femto.de
VAT no.: DE173223327
CONCLUSION
Business relations are permissible.
COMPANY
SUMMERY
FORM
Private limited
company
Date of foundation: 01.08.1995
Shareholders'
agreement:
01.08.1995
Registered on: 16.08.1995
Commercial Register: Local court 14057 Berlin
under: HRB
56367 B
Share capital: EUR 25,564.59
Shareholder:
Klaus Jäger
D 13086 Berlin
born: 08.04.1965
Share: EUR 25,564.59
Manager:
Klaus Jäger
D 13086 Berlin
having sole power of
representation
born: 08.04.1965
Profession: Electronics
engineer
Marital status: unknown
COMPANY HISTORY
company name and legal form
20.10.2011 - 18.06.2012 Femto - Messtechnik GmbH
Klosterstr. 64
D 10179 Berlin
Private limited
company
01.05.2002 - 20.10.2011 Femto - Messtechnik GmbH
Paul-Lincke-Ufer 34
D 10999 Berlin
Private limited
company
16.08.1995 - 30.04.2002 Femto - Messtechnik GmbH
Stargarder Str. 7
D 10437 Berlin
Private limited
company
BUSINESS ACTIVITIES
Main industrial sector
26119
Manufacture of other electronic components
4652 Wholesale of electronic and
telecommunications equipment and parts
71122 Engineering activities in the field of
technical sectoral planning
andengineering design
FINANCIAL
INFORMATION
Payment experience: No Complaints
Negative information :We have no negative
information at hand.
REAL ESTATE
Type of ownership: Tenant
Address Klosterstr. 64
D 10179 Berlin
Land register documents were not available.
BANKERS
COMMERZBANK VORMALS DRESDNER BANK FILIALE
BERLIN II, 10623 BERLIN
Sort. code: 12080000
BIC: DRESDEFF120
FINANCIAL FIGURES
Turnover: 2016 *EUR 2,890,000.00
Ac/ts receivable: EUR 408,472.00
Liabilities: EUR 1,033,189.00
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 [%]: 78.90
Liquidity ratio: 10.00
Return on total capital [%]: 3.47
Balance sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]: 79.53
Liquidity ratio: 10.00
Return on total capital [%]: 3.58
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 82.13
Liquidity ratio: 10.00
Return on total capital [%]: 3.39
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 86.46
Liquidity ratio: 10.00
Return on total capital [%]: 6.52
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 2,899,734.39
Fixed assets EUR 149,760.33
Intangible assets EUR 601.00
Tangible assets EUR 135,534.00
Financial assets EUR 13,625.33
Current assets EUR 2,739,973.14
Stocks EUR 361,619.36
Accounts receivable EUR 408,471.65
Liquid means EUR 1,969,882.13
Remaining other assets EUR 10,000.92
Accruals (assets) EUR 10,000.92
LIABILITIES EUR 2,899,734.39
Shareholders' equity EUR 1,758,612.48
Capital EUR 25,564.59
Subscribed capital (share capital) EUR 25,564.59
Balance sheet profit/loss (+/-) EUR 1,733,047.89
Balance sheet profit / loss EUR 1,733,047.89
Provisions
EUR 107,932.65
Liabilities EUR 1,033,189.26
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 3,000,208.07
Fixed assets EUR 155,943.88
Intangible assets EUR 2,725.50
Tangible assets EUR 140,141.00
Financial assets EUR 13,077.38
Current assets EUR 2,834,156.97
Stocks EUR 341,641.72
Accounts receivable EUR 184,112.40
Liquid means EUR 2,308,402.85
Remaining other assets EUR 10,107.22
Accruals (assets) EUR 10,107.22
LIABILITIES EUR 3,000,208.07
Shareholders' equity EUR 1,658,113.59
Capital EUR 25,564.59
Subscribed capital (share capital) EUR 25,564.59
Balance sheet profit/loss (+/-) EUR 1,632,549.00
Balance sheet profit / loss EUR 1,632,549.00
Provisions EUR 234,959.14
Liabilities EUR 1,107,135.34
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.34 |
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1 |
INR 85.89 |
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Euro |
1 |
INR 76.15 |
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Euro |
1 |
INR 75.98 |
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 : |
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.