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MIRA INFORM REPORT
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Report No. : |
486717 |
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Report Date : |
20.01.2018 |
IDENTIFICATION DETAILS
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Name : |
SMART HYDRO POWER GMBH |
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Registered Office : |
Alte Traubinger Str. 17, D 82340
Feldafing |
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Country : |
Germany |
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Financials (as on) : |
31.12.2015 |
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Date of Incorporation : |
30.07.2010 |
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Com. Reg. No.: |
HRB 187233 |
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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 and engineering design · Activities of holding companies · Other engineering activities · Other research and experimental development on natural sciences and engineering |
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No. of Employees : |
15 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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
SMART HYDRO POWER GMBH
Company Status: active
Alte Traubinger Str. 17
D 82340 Feldafing
Telephone:08158/90789713
Telefax:
08158/90789717
Homepage: www.smart-hydro.de
E-mail:
info@smart-hydro.de
VAT
no.: DE273583674
Tax
ID number: 117/137/50958
CONCLUSION
Business relations are permissible.
LEGAL FORM Private Limited Company
Date of foundation: 30.07.2010
Shareholders'
agreement: 30.07.2010
Registered on: 12.08.2010
Commercial Register: Local court 80333 München
under: HRB 187233
Share capital: EUR 79,003.00
Shareholder:
Smart Invest Beteiligungs
GmbH
Alte Traubinger Str. 17
D 82340 Feldafing
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 28,469.00
Registered on: 10.08.2010
Reg. data: 80333 München,
HRB 187208
Shareholder:
eCapital III Cleantech
Fonds GmbH & Co. KG
Hafenweg 24
D 48155 Münster
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR 520,696.97
contribution:
Share: EUR 27,967.00
Registered on: 06.03.2008
Reg. data: 48149 Münster,
HRA 8302
Shareholder:
KfW (Kreditanstalt für
Wiederaufbau)
A.d.ö.R.
Palmengartenstr. 5-9
D 60325 Frankfurt
Post Box:
11 11 41
Legal form: Statutory
body
Share: EUR 9,648.00
Reg. data: 60313
Frankfurt,
Shareholder:
High-Tech Gründerfonds
GmbH & Co. KG
Schlegelstr. 2
D 53113 Bonn
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 272,045.00
contribution:
Share: EUR 9,301.00
Registered on: 16.08.2005
Reg. data: 53111 Bonn,
HRA 6256
Shareholder:
ALLUTI GmbH
Mauerkircherstr. 50a
D 81679 München
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 1,809.00
Registered on: 03.03.2014
Reg. data: 80333 München,
HRB 210537
Shareholder:
Andrew Morton
F Bluffy
born: 25.09.1964
Share: EUR 1,809.00
Manager:
Dr. Karl-Reinhard Kolmsee
Traubinger Str. 18
D 82327 Tutzing
having sole power of
representation
born: 01.09.1966
Proxy:
Peter Fröde
D 80331 München
authorized to jointly
represent the company
born: 22.07.1984
Further functions/participations of Dr.
Karl-Reinhard Kolmsee
(Manager)
Shareholder:
Smart Utilities Solutions
GmbH
Alte Traubinger Str. 17
D 82340 Feldafing
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 06.08.2008
Reg. data: 80333 München, HRB 174801
Shareholder:
Smart Invest Beteiligungs
GmbH
Alte Traubinger Str. 17
D 82340 Feldafing
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 10.08.2010
Reg. data: 80333 München, HRB 187208
Manager:
Smart Utilities Solutions
GmbH
Alte Traubinger Str. 17
D 82340 Feldafing
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 06.08.2008
Reg. data: 80333 München, HRB 174801
COMPANY
HISTORY
company name and legal form
12.08.2010 - 16.12.2010 Smart Hydro Power GmbH
Alte Traubinger Str.
17
D 82340 Feldafing
Private limited
company
BUSINESS
ACTIVITIES
Main industrial sector
71122
Engineering activities in the field of technical sectoral planning and
engineering design
Secondary industrial sector
6420
Activities of holding companies
71129
Other engineering activities
7219
Other research and experimental development on natural sciences and
engineering
FINANCIAL
INFORMATION
Payment experience: Slwo but correct
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).
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 Alte Traubinger Str. 17
D 82340 Feldafing
Real Estate of: Smart Invest Beteiligungs GmbH
Type of ownership: Tenant
Address Alte Traubinger Str. 17
D 82340 Feldafing
Land register documents were not available.
BANKERS
Principal bank
COMMERZBANK VORMALS DRESDNER BANK, 80273
MÜNCHEN
Sort. code: 70080000, Account no.: 0463609000
BIC: DRESDEFF700, IBAN: DE18700800000463609000
FINANCIAL
FIGURES
Turnover: 2017 *EUR 2,058,500.00
Ac/ts receivable: EUR 390,534.00
Liabilities: EUR 153,955.00
Employees:
15
-
thereof permanent staff: 10
-
Part-time employees: 3
The
business figures marked with an asterisk are estimates based on average values
in the line of business.
BALANCE
SHEETS
Balance sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]: 83.35
Liquidity ratio: 10.00
Return
on total capital [%]: -71.07
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 66.18
Liquidity ratio: 1.19
Return on total capital [%]: -124.66
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 93.27
Liquidity ratio: 10.00
Return on total capital [%]: -131.09
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 93.15
Liquidity ratio: 10.00
Return
on total capital [%]: -64.87
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 1,009,613.40
Fixed assets
EUR 264,815.51
Intangible assets
EUR 7,501.00
Tangible assets
EUR 257,314.51
Current assets
EUR 742,608.68
Stocks
EUR 194,927.67
Accounts receivable
EUR 390,533.72
Liquid means
EUR 157,147.29
Remaining other assets
EUR 2,189.21
Accruals (assets) EUR 2,189.21
LIABILITIES EUR 1,009,613.40
Shareholders' equity
EUR 842,158.20
Capital
EUR 79,003.00
Subscribed capital (share capital)
EUR 79,003.00
Reserves
EUR 4,644,057.01
Capital reserves
EUR 4,644,057.01
Balance sheet profit/loss (+/-)
EUR -3,880,901.81
Profit / loss brought forward EUR -3,166,051.33
Annual surplus / annual deficit
EUR -714,850.48
Provisions
EUR 13,500.00
Liabilities
EUR 153,955.20
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 876,349.60
Fixed assets
EUR 269,844.00
Intangible assets
EUR 7,501.00
Tangible assets
EUR 262,343.00
Current assets
EUR 601,581.58
Stocks
EUR 281,075.21
Accounts receivable
EUR 251,592.65
Liquid means
EUR 68,913.72
Remaining other assets EUR 4,924.02
Accruals (assets)
EUR 4,924.02
LIABILITIES EUR 876,349.60
Shareholders' equity
EUR 581,206.95
Capital EUR 66,340.00
Subscribed capital (share capital)
EUR 66,340.00
Reserves
EUR 3,680,918.28
Capital reserves
EUR 3,680,918.28
Balance sheet profit/loss (+/-)
EUR -3,166,051.33
Profit / loss brought forward
EUR -2,078,281.64
Annual surplus / annual deficit
EUR -1,087,769.69
Provisions
EUR 15,000.00
Liabilities
EUR 280,142.65
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.84 |
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1 |
INR 88.28 |
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Euro |
1 |
INR 77.88 |
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EUR |
1 |
INR 78.03 |
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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DIV |
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Report Prepared
by : |
TPT |
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.