|
|
|
MIRA INFORM REPORT
|
Report No. : |
485648 |
|
Report Date : |
13.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
S & R OPTIC GMBH |
|
|
|
|
Registered Office : |
Ludwig-Rinn-Str. 14, D 35452 Heuchelheim |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
22.12.2009 |
|
|
|
|
Com. Reg. No.: |
HRB 7167 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
·
Manufacture of optical instruments and photographic
equipment ·
Wholesale of photo and optical goods ·
Other engineering activities ·
Other service activities n. e. c. |
|
|
|
|
No. of Employees : |
2 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
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 & address
S & R OPTIC GMBH
Company Status: active
Ludwig-Rinn-Str. 14
D 35452 Heuchelheim
Telephone:0641/9607618
Telefax: 0641/9607643
Homepage:
www.sr-optic.com
E-mail: info@sr-optic.com
VAT no.: DE269147954
LEGAL FORM Private Limited Company
Date of foundation: 22.12.2009
Shareholders'
agreement: 22.12.2009
Registered on: 18.01.2010
Commercial Register: Local court
35390 Gießen
under: HRB 7167
Share capital:
EUR 25,000.00
Shareholder:
Ellen
Schneider
D 35641
Schöffengrund
born:
07.06.1960
Share: EUR 25,000.00
Manager:
Ellen
Schneider
D 35641
Schöffengrund
having sole
power of representation
born:
07.06.1960
BUSINESS
ACTIVITIES
Main industrial sector
2670 Manufacture of optical
instruments and photographic equipment
46431 Wholesale of photo and
optical goods
71129 Other engineering
activities
96090 Other service activities
n. e. c.
FINANCIAL
INFORMATION
Payment experience: No Complaints
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
Ludwig-Rinn-Str. 14
D 35452
Heuchelheim
Land register documents were not available.
BANKERS
Principal bank
VOLKSBANK HEUCHELHEIM, 35452 HEUCHELHEIM
Sort. code: 51361021
BIC: GENODE51HHE
FINANCIAL
FIGURES
Profit: 2016 EUR 477.00
Ac/ts
receivable:
EUR 6,797.00
Liabilities: EUR 246,536.00
Employees:
2
BALANCE
SHEETS
Balance sheet ratios 01.01.2016 - 31.12.2016
Equity ratio [%]:
18.99
Liquidity ratio:
0.05
Return on total capital [%]:
0.15
Balance sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]:
16.26
Liquidity ratio:
0.07
Return on total capital [%]:
0.54
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]:
15.64
Liquidity ratio:
0.02
Return on total capital [%]:
0.66
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]:
23.69
Liquidity ratio:
0.01
Return on total capital [%]:
0.73
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 324,380.34
Fixed assets EUR 21,980.00
Intangible assets EUR 3.00
Tangible assets EUR 21,977.00
Current assets EUR 302,400.34
Stocks EUR 196,147.45
Accounts receivable EUR 6,797.15
Liquid means EUR 99,455.74
LIABILITIES EUR 324,380.34
Shareholders' equity EUR 61,616.32
Capital EUR 25,000.00
Subscribed capital (share capital) EUR 25,000.00
Balance sheet profit/loss (+/-) EUR 36,616.32
Profit / loss brought forward EUR 36,138.83
Annual surplus / annual deficit EUR 477.49
Provisions EUR 16,227.86
Liabilities EUR 246,536.16
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 375,950.19
Fixed assets EUR 18,910.00
Intangible assets EUR 3.00
Tangible assets EUR 18,907.00
Current assets EUR 357,040.19
Stocks EUR 249,605.59
Accounts receivable EUR 14,686.80
Liquid means EUR 92,747.80
LIABILITIES EUR 375,950.19
Shareholders' equity EUR 61,138.83
Capital EUR 25,000.00
Subscribed capital (share capital) EUR 25,000.00
Balance sheet profit/loss (+/-) EUR 36,138.83
Profit / loss brought forward EUR
34,111.71
Annual surplus / annual deficit EUR 2,027.12
Provisions EUR 15,003.23
Liabilities EUR 299,808.13
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.52 |
|
|
1 |
INR 86.05 |
|
Euro |
1 |
INR 76.53 |
|
EUR |
1 |
INR 77.62 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VIV |
|
|
|
|
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.