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MIRA INFORM REPORT
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Report No. : |
488191 |
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Report Date : |
25.01.2018 |
IDENTIFICATION DETAILS
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Name : |
DE DIETRICH PROCESS SYSTEMS GMBH |
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Registered Office : |
Hattenbergstr. 36, D 55122 Mainz |
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Country : |
Germany |
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Financials (as on) : |
31.12.2015 |
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Date of Incorporation : |
04.10.1955 |
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Com. Reg. No.: |
HRB 6538 |
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Legal Form : |
Private limited company |
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Line of Business : |
· Manufacture of other general-purpose machinery ·
Wholesale of non-ferrous ores, metals
and metal semi-finished goods · Activities of holding companies |
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No. of Employees : |
197 |
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 : |
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 and address
Report on: De
Dietrich Process Systems GmbH
Company Status: active
Hattenbergstr. 36
D 55122 Mainz
Telephone: 06131/97040
Telefax:
06131/9704500
Homepage: www.qvf.com
E-mail:
mail@qvf.de
VAT no.: DE113872810
CONCLUSION
Business relations are permissible.
Company
summary
Legal Form Private
limited company
Date of foundation: 04.10.1955
Shareholders'
agreement: 04.10.1955
Registered on: 19.06.1998
Commercial Register: Local court 55116 Mainz
under: HRB
6538
Share capital: EUR 5,067,800.00
Shareholder:
De Dietrich SAS
Chateau de Reichshoffen
F 67891 Niederbronn Cedex
Legal form: Other legal
form
Share: EUR 5,067,800.00
Manager:
Remco de Jong
NL Roermond
born: 19.02.1963
Nationality: Dutch
Proxy:
Pia Gerda Heintz-Kästner
D 63303 Dreieich
authorized to jointly
represent the company
born: 14.08.1956
Marital status: unknown
Proxy:
Dr.-Ing. Manfred Pertler
Kirchstr. 50
D 55595 Hargesheim
authorized to jointly
represent the company
born: 12.10.1964
Proxy:
Marc Eric Zengerle
D 65329 Hohenstein
authorized to jointly
represent the company
born: 10.07.1976
Proxy:
Dr. Theo Hessenius
D 55270 Essenheim
authorized to jointly
represent the company
born: 09.08.1964
Proxy:
Dr. Michael Blumbach
D 55122 Mainz
authorized to jointly
represent the company
born: 26.04.1976
COMPANY
HISTORY
company name and legal form
19.06.1998 - 07.04.2009 QVF Engineering GmbH
Hattenbergstr. 36
D 55122 Mainz
Private limited
company
04.10.1955 - 18.06.1998 QVF Glastechnik GmbH
Schoßbergstr. 11
D 65201 Wiesbaden
Private limited
company
RESIGNED ACTING PERSONS AND SHAREHOLDERS
09.10.2015 - 21.11.2017 Manager
Dr. Joachim Korbach
D 35576 Wetzlar
BUSINESS
ACTIVITIES
Main industrial sector
28290
Manufacture of other general-purpose machinery
46722
Wholesale of non-ferrous ores, metals and metal semi-finished goods
Secondary industrial sector
6420 Activities
of holding companies
BRANCHES
AND FACTORIES
Branch:
De Dietrich Process
Systems GmbH
Schoßbergstr. 11
D 65201 Wiesbaden
TEL.: 0611/265-0
FAX.: 0611/261691
FINANCIAL
INFORMATION
Payment experience: Regular
Negative information: We have no negative information at hand.
Balance sheet year: 2015
REAL
ESTATE
Type of ownership: proprietor
Share: 100.00 %
Address Hattenbergstr.
36
D 55122 Mainz
Type of real estate: administrative premises
Land register documents were not available.
BANKERS
Principal bank
COMMERZBANK VORMALS DRESDNER BANK, 65012
WIESBADEN
Sort.
code: 51080060
BIC: DRESDEFF510
Further banks
POSTBANK, 60288 FRANKFURT AM MAIN
Sort. code: 50010060
BIC: PBNKDEFFXXX
SOCIETE GENERALE, 60311 FRANKFURT AM MAIN
Sort. code: 51210800
BIC: SOGEDEFFXXX
FINANCIAL
FIGURES
Turnover: 2017 *EUR 51,220,000.00
Equipment: EUR 712,344.00
Ac/ts receivable: EUR 10,874,334.00
Liabilities: EUR 11,399,954.00
Employees:
197
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thereof permanent staff: 197
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 [%]: 10.64
Liquidity ratio: 10.00
Return on total capital [%]: 11.39
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 3.05
Liquidity ratio: 0.78
Return on total capital [%]: 2.96
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 12.28
Liquidity ratio: 1.21
Return on total capital [%]: 0.18
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 8.16
Liquidity ratio: 0.48
Return on total capital [%]: 6.18
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 57,731,396.05
Fixed assets
EUR 21,628,747.27
Intangible assets
EUR 1,422,999.05
Concessions, licences, rights
EUR 1,422,998.05
Goodwill
EUR 1.00
Tangible assets
EUR 8,219,500.88
Land / similar rights
EUR 6,693,209.61
Plant / machinery
EUR 813,946.85
Other tangible assets / fixtures and
fittings
EUR 712,344.42
Financial assets
EUR 11,986,247.34
Shares in participations /
subsidiaries
and the like EUR 11,986,247.34
Shares in related companies
EUR 11,986,247.34
Current assets
EUR 34,415,017.51
Stocks
EUR 8,622,267.35
Raw materials, consumables and
supplies
EUR 37,739.00
Finished goods / work in progress
EUR 38,308,009.67
Advance payments made
EUR 332,673.29
Minus received advance payments for
orders / installments for stocks
EUR -30,056,154.61
Accounts receivable
EUR 10,874,334.24
Trade debtors
EUR 2,855,942.97
Amounts due from related companies
EUR 7,602,350.14
Other debtors and assets
EUR 416,041.13
Liquid means
EUR 14,918,415.92
Remaining other assets
EUR 1,687,631.27
Accruals (assets)
EUR 110,410.63
Deferred taxes (assets)
EUR 1,577,220.64
LIABILITIES EUR 57,731,396.05
Shareholders' equity
EUR 12,545,342.43
Capital EUR 5,067,800.00
Subscribed capital (share capital)
EUR 5,067,800.00
Reserves
EUR 1,192,977.48
Capital reserves
EUR 1,000,000.00
Retained earnings / revenue reserves EUR 192,977.48
Balance sheet profit/loss (+/-)
EUR 6,284,564.95
Balance sheet profit / loss
EUR 6,284,564.95
Provisions
EUR 33,516,620.37
Pension provisions and comparable
provisions
EUR 22,794,318.30
Provisions for taxes
EUR 2,853,813.70
Other / unspecified provisions
EUR 7,868,488.37
Liabilities
EUR 11,399,954.17
Other liabilities
EUR 11,399,954.17
Trade creditors (for IAS incl. bills
of exchange)
EUR 789,994.88
Liabilities from received advance
payments
EUR 9,749,187.34
Liabililties due to related companiesEUR 619,584.81
Unspecified other liabilities
EUR 241,187.14
thereof liabilities from tax /
financial authorities
EUR 210,373.87
Other liabilities
EUR 269,479.08
Deferrals (liabilities)
EUR 269,479.08
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 48,539,228.67
Inventory change + own costs (+/-)
EUR -1,263,060.80
Inventory change (+/-)
EUR -1,263,060.80
Other operating income
EUR 1,113,735.58
Cost of materials
EUR 15,698,298.33
Raw materials and supplies, purchased
goods
EUR 13,320,936.52
Purchased services EUR 2,377,361.81
Gross result (+/-)
EUR 32,691,605.12
Staff expenses
EUR 14,178,992.31
Wages and salaries
EUR 11,836,664.57
Social
security contributions and
expenses for pension plans and
benefits
EUR 2,342,327.74
Total depreciation
EUR 1,103,827.42
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,103,827.42
Other operating expenses
EUR 6,835,965.22
Operating result from continuing
operations
EUR 10,572,820.17
Result from participating interests
(+/-)
EUR 79,771.43
Expenses / income from participations EUR 79,771.43
Interest result (+/-)
EUR -2,875,989.74
Interest and similar income
EUR 8,103.26
Interest and similar expenses
EUR 2,884,093.00
Other financial result
EUR 3.75
Income from securities and loans from
financial assets EUR 3.75
Financial result (+/-)
EUR -2,796,214.56
Result from ordinary operations (+/-)
EUR 7,776,605.61
Extraordinary expenses
EUR 304,162.45
Extraordinary result (+/-)
EUR -304,162.45
Income tax / refund of income tax (+/-)EUR -2,055,634.41
Other taxes / refund of taxes
EUR -24,295.26
Tax
(+/-)
EUR -2,079,929.67
Annual surplus / annual deficit EUR 5,392,513.49
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 58,571,016.10
Fixed assets
EUR 21,380,597.09
Intangible assets
EUR 1,736,538.54
Concessions, licences, rights
EUR 1,729,537.54
Goodwill
EUR 1.00
Advance payments for intang. assets
EUR 7,000.00
Tangible assets
EUR 8,057,147.21
Land / similar rights EUR 6,743,046.61
Plant / machinery
EUR 679,953.85
Other tangible assets / fixtures and
fittings
EUR 634,146.75
Financial assets
EUR 11,586,911.34
Shares in participations /
subsidiaries and the like
EUR 664.00
Shares in related companies
EUR 664.00
Other loans
EUR 11,586,247.34
Current assets
EUR 36,005,860.11
Stocks
EUR 8,667,728.71
Accounts receivable
EUR 10,191,886.20
Trade debtors
EUR 6,917,207.21
Amounts due from related companies
EUR 1,018,831.85
Other debtors and assets
EUR 2,255,847.14
Liquid means
EUR 17,146,245.20
Remaining other assets
EUR 1,184,558.90
Accruals (assets)
EUR 176,890.67
Deferred taxes (assets)
EUR 1,005,059.94
Active difference from asset
offsetting
EUR 2,608.29
LIABILITIES EUR 58,571,016.10
Shareholders' equity
EUR 8,152,828.94
Capital
EUR 5,067,800.00
Subscribed capital (share capital)
EUR 5,067,800.00
Reserves
EUR 1,192,977.48
Capital reserves
EUR 1,000,000.00
Retained earnings / revenue reserves EUR 192,977.48
Balance sheet profit/loss (+/-)
EUR 1,892,051.46
Balance sheet profit / loss
EUR 1,892,051.46
Provisions
EUR 27,194,804.33
Pension provisions and comparable
provisions
EUR 21,092,920.00
Provisions for taxes
EUR 319,890.64
Other / unspecified provisions
EUR 5,781,993.69
Liabilities
EUR 22,937,653.71
Other liabilities
EUR 22,937,653.71
Trade creditors (for IAS incl. bills
of exchange)
EUR 1,190,332.42
Liabilities from received advance
payments
EUR 20,055,127.00
Liabililties due to related companiesEUR 704,011.10
Unspecified other liabilities
EUR 988,183.19
thereof liabilities from tax /
financial authorities
EUR 153,589.19
Other liabilities
EUR 285,729.12
Deferrals (liabilities)
EUR 285,729.12
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 36,826,015.23
Inventory
change + own costs (+/-) EUR 6,907,623.89
Inventory change (+/-)
EUR 6,907,623.89
Other operating income
EUR 1,258,832.11
Cost of materials
EUR 19,938,308.67
Raw materials and supplies, purchased
goods
EUR 14,990,653.96
Purchased services
EUR 4,947,654.71
Gross result (+/-)
EUR 25,054,162.56
Staff
expenses EUR 13,038,312.53
Wages and salaries
EUR 10,819,937.31
Social security contributions and
expenses for pension plans and
benefits
EUR 2,218,375.22
Total depreciation
EUR 1,059,942.45
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,059,942.45
Other operating expenses EUR 6,363,328.31
Operating result from continuing
operations
EUR 4,592,579.27
Result from participating interests
(+/-)
EUR 108,190.00
Expenses / income from participations EUR 108,190.00
Interest result (+/-)
EUR -2,001,828.87
Interest and similar income
EUR 49,030.73
thereof from related companies
EUR 49,030.73
Interest and similar expenses
EUR 2,050,859.60
Other financial result
EUR 47.81
Income from securities and loans from
financial assets
EUR 47.81
Financial result (+/-)
EUR -1,893,591.06
Result from ordinary operations (+/-)
EUR 2,698,988.21
Extraordinary expenses
EUR 296,698.00
Extraordinary result (+/-)
EUR -296,698.00
Income
tax / refund of income tax (+/-)EUR
-1,162,726.91
Other taxes / refund of taxes
EUR -5,879.55
Tax
(+/-)
EUR -1,168,606.46
Annual surplus / annual deficit
EUR 1,233,683.75
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.64 |
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|
1 |
INR 89.32 |
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Euro |
1 |
INR 78.45 |
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Euro |
1 |
INR 78.89 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
NIS |
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Report Prepared
by : |
SYL |
RATING EXPLANATIONS
|
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.