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MIRA INFORM REPORT
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Report No. : |
488596 |
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Report Date : |
30.01.2018 |
IDENTIFICATION DETAILS
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Name : |
LABOTECT
LABOR-TECHNIK GÖTTINGEN GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG |
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Registered Office : |
Kampweg 12 D 37124 Rosdorf
Post Box 20 02 12, D 37087 Göttingen |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
1971 |
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Com. Reg. No.: |
HRB 1394 |
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Legal Form : |
Private limited company |
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Line of Business : |
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Manufacture of instruments and
appliances for measuring, testing and navigation ·
Manufacutre of technical
instruments and supplies for medical purposesn.e.c.
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No. of Employees : |
40 |
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+ |
Low Risk |
Business dealings permissible with low
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
Labotect Labor-Technik Göttingen Gesellschaft mit beschränkter
Haftung
Kampweg 12
D 37124 Rosdorf
Post Box: 20 02 12, D 37087
Göttingen
Telephone:0551/505010
Telefax: 0551/5050111
Homepage: www.labotect.de
E-mail: info@labotect.com
Company
Status
Active
VAT no.
DE811248545
CONCLUSION
Business relations are permissible.
Company
summery
LEGAL FORM Private
limited company
Date of foundation: 1971
Begin of business
activities: 1971
Registered on: 03.02.1984
Commercial Register: Local court 37073 Göttingen
under: HRB
1394
Share capital: EUR 100,000.00
Shareholder:
Delia Schinkel-Fleitmann
Am Steinborn 9
D 37079 Göttingen
born: 18.12.1950
Share: EUR 100,000.00
Manager:
Delia Schinkel-Fleitmann
Am Steinborn 9
D 37079 Göttingen
having sole power of
representation
born: 18.12.1950
Profession: Businessman
Marital status: married
Manager:
Dr. Friederike Fleitmann
Mühlenbergring 4
D 37120 Bovenden
having sole power of
representation
born: 20.03.1978
Further functions/participations of Delia
Schinkel-Fleitmann
(Manager)
Limited partner:
Labotect
Grundstücksgesellschaft mbH & Co.
KG
Kampweg 12
D 37124 Rosdorf
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 100,000.00
contribution:
Share: EUR 30,000.00
Registered
on: 24.09.2007
Reg. data: 37073 Göttingen, HRA 200171
Shareholder:
Labotect Verwaltungs GmbH
Kampweg 12
D 37124 Rosdorf
Legal form: Private
limited company
Share capital: EUR 100,000.00
Share: EUR 100,000.00
Registered
on: 28.05.1997
Reg. data: 37073 Göttingen, HRB 2786
Shareholder:
DSF Labcon GmbH
Kampweg 12
D 37124 Rosdorf
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 22.02.2011
Reg. data: 37073 Göttingen, HRB 201466
Shareholder:
BeLoTec GmbH
Kampweg 12
D 37124 Rosdorf
Legal form: Private
limited company
Share capital: EUR 52,000.00
Share: EUR 7,800.00
Registered
on: 16.06.1999
Reg. data: 37073 Göttingen, HRB 3042
Manager:
Labotect Verwaltungs GmbH
Kampweg 12
D 37124 Rosdorf
Legal form: Private limited company
Share capital: EUR 100,000.00
Registered
on: 28.05.1997
Reg. data: 37073 Göttingen, HRB 2786
Manager:
BeLoTec GmbH
Kampweg 12
D 37124 Rosdorf
Legal form: Private
limited company
Share capital: EUR 52,000.00
Registered
on: 16.06.1999
Reg. data: 37073 Göttingen, HRB 3042
Manager:
DSF Labcon GmbH
Kampweg 12
D 37124 Rosdorf
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 22.02.2011
Reg. data: 37073 Göttingen, HRB 201466
Further functions/participations of Dr.
Friederike Fleitmann
(Manager)
Limited partner:
Labotect
Grundstücksgesellschaft mbH & Co.
KG
Kampweg 12
D 37124 Rosdorf
Legal form: Ltd partnership with priv.
ltd.
company as
general partner
Total cap. EUR 100,000.00
contribution:
Share: EUR 20,000.00
Registered
on: 24.09.2007
Reg. data: 37073 Göttingen, HRA 200171
Shareholder:
BeLoTec GmbH
Kampweg 12
D 37124 Rosdorf
Legal form: Private
limited company
Share capital: EUR 52,000.00
Share: EUR 3,900.00
Registered
on: 16.06.1999
Reg. data: 37073 Göttingen, HRB 3042
COMPANY
HISTORY
company name and legal form
01.11.1997 - 26.07.2011 Labotect Labor Technik Göttingen
Gesellschaft mit beschränkter
Haftung
Willi-Eichler-Str. 25
D 37079 Göttingen
Private limited
company
01.01.1996 - 31.10.1997 Labotect Labor Technik Göttingen
Gesellschaft mit
beschränkter Haftung
Willi-Eichler-Str. 25
D 37079 Göttingen
Private limited
company
01.01.1984 - 31.12.1995 Labotect Labor Technik Göttingen
Gesellschaft mit
beschränkter Haftung
Industriestr. 20
D 37120 Bovenden
Private limited
company
BUSINESS
ACTIVITIES
Main industrial sector
26512 Manufacture
of instruments and appliances for measuring, testing and navigation
32501 Manufacutre of technical instruments and
supplies for medical purposesn.e.c.
46462 Wholesale of medical and orthopedic goods,
dental and laboratory supplies
PARTICIPATIONS
Shareholder:
BeLoTec GmbH
Kampweg 12
D 37124 Rosdorf
Legal form: Private
limited company
Company Status: active
Share capital: EUR 52,000.00
Share: EUR 14,550.00
Reg. data: 16.06.1999
Local court
37073 Göttingen
HRB 3042
FINANCIAL
INFORMATION
Payment experience: Regular
Negative information: We have no negative information at hand.
Balance sheet year: 2016
REAL
ESTATE
Type of ownership: Tenant
Address Kampweg
12
D 37124 Rosdorf
Land register documents were not available.
BANKERS
A bank connection is unknown.
FINANCIAL
FIGURES
Turnover: 2016 *EUR 6,933,500.00
2017 *EUR 6,933,000.00
further business figures:
Equipment: *EUR 253,000.00
Ac/ts receivable: EUR 913,964.00
Liabilities: EUR 3,396,966.00
Employees: 40
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 [%]: 31.87
Liquidity ratio: 0.32
Return on total capital [%]: 9.81
Balance sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]: 27.38
Liquidity ratio: 0.12
Return on total capital [%]: 4.43
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 23.86
Liquidity ratio: 0.11
Return on total capital [%]: 2.15
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 20.54
Liquidity ratio: 0.06
Return on total capital [%]: 0.75
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 6,067,683.41
Fixed assets EUR 2,445,478.90
Intangible assets EUR 109,430.15
Tangible assets EUR 2,336,048.75
Current assets EUR
3,573,861.51
Stocks EUR 2,543,236.19
Accounts receivable EUR 913,964.13
Liquid means EUR 116,661.19
Remaining other assets EUR 48,343.00
Accruals (assets) EUR 48,343.00
LIABILITIES EUR 6,067,683.41
Shareholders' equity EUR 1,563,209.39
Capital
EUR 100,000.00
Subscribed capital (share capital) EUR 100,000.00
Reserves EUR 130,745.51
Retained earnings / revenue reserves
EUR 130,745.51
Balance sheet profit/loss (+/-) EUR 1,332,463.88
Balance sheet profit / loss EUR 1,332,463.88
Provisions EUR 1,107,508.00
Liabilities EUR 3,396,966.02
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 4,933,108.41
Fixed assets EUR 2,571,313.85
Intangible assets EUR 94,560.11
Tangible assets EUR 2,476,753.74
Current assets EUR 2,338,063.56
Stocks EUR 1,962,657.07
Accounts receivable EUR 302,426.48
Liquid means EUR 72,980.01
Remaining other assets EUR 23,731.00
Accruals (assets) EUR 23,731.00
LIABILITIES EUR 4,933,108.41
Shareholders' equity EUR 973,571.93
Capital EUR 100,000.00
Subscribed capital (share capital) EUR 100,000.00
Reserves EUR 130,745.51
Retained earnings / revenue reserves
EUR 130,745.51
Balance sheet profit/loss (+/-) EUR 742,826.42
Balance sheet profit / loss EUR 742,826.42
Provisions EUR 767,367.69
Liabilities EUR 3,054,418.31
Other liabilities EUR 137,750.48
Deferrals (liabilities) EUR 137,750.48
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.55 |
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1 |
INR 89.82 |
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Euro |
1 |
INR 78.87 |
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Euro |
1 |
INR 78.82 |
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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PRI |
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Report Prepared
by : |
TRU |
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.