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MIRA
INFORM REPORT
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Report No. : |
494126 |
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Report Date : |
01.03.2018 |
IDENTIFICATION DETAILS
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Name : |
MAKAT CANDY TECHNOLOGY GMBH |
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Registered Office : |
Feldstr. 52, D 56269 Dierdorf, Post Box:
12 61, D 56269 Dierdorf |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
12.12.2001 |
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Com. Reg. No.: |
HRB 14490 |
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Legal Form : |
Private Limited
Company |
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Line of Business : |
Manufacture of Other General-Purpose
Machinery |
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No. of Employees : |
65 |
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 (30.09.2017) |
Current Rating (31.12.2017) |
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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
MAKAT CANDY TECHNOLOGY GMBH
Company Status: active
Feldstr. 52
D 56269 Dierdorf
Post Box:
12 61, D 56269 Dierdorf
Telephone:02689/94340
Telefax:
02689/943433
E-mail:
info@makat.de
VAT
no.: DE813385743
CONCLUSION
Business relations are permissible.
LEGAL FORM Private Limited Company
Date of foundation: 12.12.2001
Shareholders'
agreement: 12.12.2001
Registered on: 18.06.2002
Commercial Register: Local court 56410
Montabaur
under: HRB 14490
Share capital: EUR 200,000.00
Shareholder:
Robert Bosch Packaging
Technology GmbH
Stuttgarter Str. 130
D 71332 Waiblingen
Legal form: Private
limited company
Share capital: EUR 100,100.00
Share: EUR 200,000.00
Registered on: 23.07.2007
Reg. data: 70190
Stuttgart, HRB 723501
Manager:
Uwe Jansen
Alter Stadtweg 126
D 66125 Saarbrücken
authorized to jointly
represent the company
born: 11.11.1961
Profession: graduate
engineer
Marital status: single
Manager:
Jan Michaelis
D 41334 Nettetal
born: 25.08.1971
Proxy:
Harald Heller
D 56564 Neuwied
authorized to jointly
represent the company
born: 24.01.1959
Further functions/participations of Jan
Michaelis (Manager)
Member of the Board of Directors:
Zentralfachschule der
Deutschen
Süßwarenwirtschaft e.V.
De-Leuw-Str. 3
D 42653 Solingen
Legal form: Registered
association
Registered
on: 14.04.1951
Reg. data: 42103 Wuppertal, VR 25651
Proxy:
Robert Bosch Gesellschaft
mit beschränkter
Haftung
Robert-Bosch-Platz 1
D 70839 Gerlingen
Post Box:
10 60 50, D 70049
Stuttgart
Legal form: Private
limited company
Share capital: EUR
1,200,000,000.00
Registered
on: 17.07.1917
Reg. data: 70190 Stuttgart, HRB 14000
Proxy:
Robert Bosch Packaging
Technology GmbH
Stuttgarter Str. 130
D 71332 Waiblingen
Legal form: Private
limited company
Share capital: EUR 100,100.00
Registered
on: 23.07.2007
Reg. data: 70190 Stuttgart, HRB 723501
COMPANY HISTORY
company name and legal form
18.06.2002 - 28.10.2003 Makat Candy Technology GmbH
Heidehofstr. 31
D 70184 Stuttgart
Private limited
company
12.12.2001 - 18.06.2002 Robert Bosch Maschinenbau GmbH
Heidehofstr. 31
D 70184 Stuttgart
Private limited
company
BUSINESS
ACTIVITIES
Main industrial sector
28290
Manufacture of other general-purpose machinery
FINANCIAL
INFORMATION
Payment experience: Regular
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).
REAL ESTATE
Type of ownership: Tenant
Address Feldstr. 52
D 56269 Dierdorf
Real Estate of: Uwe Jansen
Type of ownership: unknown
Address Alter Stadtweg 126
D 66125 Saarbrücken
Land register documents were not available.
BANKERS
DEUTSCHE BANK, 70049 STUTTGART
Sort. code: 60070070
BIC: DEUTDESSXXX
FINANCIAL FIGURES
Turnover: 2016 EUR 17,828,147.00
Profit: 2016 EUR 2,076,029.00
Equipment: EUR 521,970.00
Ac/ts receivable: EUR 3,029,048.00
Liabilities: EUR 7,718,882.00
Employees:
65
- thereof permanent staff: 64
- Trainees: 1
BALANCE SHEETS
Balance sheet ratios 01.01.2016 - 31.12.2016
Equity ratio [%]: 40.05
Liquidity ratio: 0.65
Return on total capital [%]: 20.55
Balance sheet ratios 01.01.2015 - 31.12.2015
Equity
ratio [%]: 32.36
Liquidity ratio: 0.53
Return on total capital [%]: 23.52
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 16.92
Liquidity ratio: 0.44
Return on total capital [%]: 29.43
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: -19.11
Liquidity ratio: 0.27
Return on total capital [%]: 40.47
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 10,161,326.00
Fixed assets EUR 3,653,701.00
Intangible assets EUR 77,225.00
Concessions, licences, rights EUR 34,616.00
Goodwill EUR 42,609.00
Tangible assets EUR 3,576,476.00
Land / similar rights EUR 2,761,131.00
Plant / machinery EUR 293,375.00
Other tangible assets / fixtures and
fittings EUR 521,970.00
Current assets EUR 6,444,619.00
Stocks
EUR 3,408,866.00
Raw materials, consumables and
supplies EUR 536,359.00
Finished goods / work in progress EUR
2,807,642.00
Advance payments made EUR 64,865.00
Accounts receivable EUR 3,029,048.00
thereof total due from shareholders EUR 14,520.00
Trade debtors EUR 2,138,807.00
Amounts due from related companies EUR 865,695.00
Other debtors and assets EUR 24,546.00
Liquid means EUR 6,705.00
Remaining other assets EUR 63,005.00
Accruals (assets) EUR 63,005.00
Difference assets / liabilities EUR 1.00
LIABILITIES EUR 10,161,326.00
Shareholders' equity EUR 1,000,000.00
Capital EUR 200,000.00
Subscribed capital (share capital) EUR 200,000.00
Reserves EUR 800,000.00
Capital reserves EUR 800,000.00
Provisions EUR 1,442,444.00
Pension provisions and comparable
provisions EUR 43,072.00
Other / unspecified provisions EUR 1,399,372.00
Liabilities EUR 7,718,882.00
thereof total due to shareholders EUR 3,103,609.00
Other liabilities EUR 7,718,882.00
Trade creditors (for IAS incl. bills
of exchange) EUR 713,905.00
Liabilities from received advance
payments EUR 3,786,241.00
Liabililties due to related
companiesEUR 3,130,030.00
Unspecified other liabilities EUR 88,706.00
thereof liabilities from tax /
financial authorities EUR 56,027.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR
17,828,147.00
Inventory change + own costs (+/-) EUR -5,645.00
Inventory change (+/-) EUR -5,645.00
Other operating income EUR 358,760.00
Cost of materials EUR 8,706,829.00
Raw materials and supplies, purchased
goods EUR 7,605,513.00
Purchased services EUR 1,101,316.00
Gross result (+/-) EUR 9,474,433.00
Staff expenses EUR 4,921,314.00
Wages and salaries EUR 3,919,731.00
Social security contributions and
expenses for pension plans and
benefits EUR 1,001,583.00
Total depreciation EUR 432,558.00
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 432,558.00
Other
operating expenses EUR 2,023,635.00
Operating result from continuing
operations EUR 2,096,926.00
Interest result (+/-) EUR -13,076.00
Interest and similar expenses EUR 13,076.00
Financial result (+/-) EUR -13,076.00
Result from ordinary operations (+/-) EUR
2,083,850.00
Expenses for transfer of profits to a
parent company EUR 2,076,028.00
Other taxes / refund of taxes EUR -7,821.00
Tax (+/-) EUR -7,821.00
Annual surplus / annual deficit EUR 1.00
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 9,343,519.00
Fixed assets EUR 3,449,542.00
Intangible assets EUR 278,216.00
Concessions, licences, rights EUR 65,177.00
Goodwill EUR 213,039.00
Tangible assets EUR 3,171,326.00
Land / similar rights EUR 2,441,010.00
Plant / machinery EUR 299,600.00
Other tangible assets / fixtures and
fittings EUR 430,716.00
Current assets EUR 5,857,998.00
Stocks EUR 3,438,374.00
Raw materials, consumables and
supplies EUR 540,250.00
Finished goods / work in progress EUR
2,813,287.00
Advance payments made EUR 84,837.00
Accounts receivable EUR 2,408,299.00
thereof total due from shareholders EUR 8,403.00
Trade debtors EUR 1,601,506.00
Amounts due from related companies EUR 772,240.00
Other debtors and assets EUR 34,553.00
Liquid means EUR 11,325.00
Remaining other assets EUR 35,979.00
Accruals (assets) EUR 35,979.00
LIABILITIES EUR 9,343,519.00
Shareholders' equity EUR 1,000,000.00
Capital EUR 200,000.00
Subscribed capital (share capital) EUR 200,000.00
Reserves EUR 800,000.00
Capital reserves EUR 800,000.00
Provisions EUR 1,604,274.00
Pension provisions and comparable
provisions EUR 34,756.00
Other / unspecified provisions EUR 1,569,518.00
Liabilities EUR 6,739,244.00
thereof total due to shareholders EUR 2,173,396.00
Other liabilities EUR 6,739,244.00
Trade
creditors (for IAS incl. bills
of exchange) EUR 831,470.00
Liabilities from received advance
payments EUR 3,536,080.00
Liabililties due to related
companiesEUR 2,254,763.00
Unspecified other liabilities EUR 116,931.00
thereof liabilities from tax /
financial authorities EUR 56,554.00
Difference assets / liabilities EUR 1.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 17,350,473.00
Inventory change + own costs (+/-) EUR -251,617.00
Inventory change (+/-) EUR -251,617.00
Other operating income EUR 394,311.00
Cost of materials EUR 8,076,404.00
Raw materials and supplies, purchased
goods EUR 7,217,834.00
Purchased services EUR 858,570.00
Gross result (+/-) EUR 9,416,763.00
Staff expenses EUR 4,591,331.00
Wages and salaries EUR 3,906,331.00
Social security contributions and
expenses for pension plans and
benefits EUR 685,000.00
Total depreciation EUR 371,467.00
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 371,467.00
Other operating expenses EUR 2,296,116.00
Operating result from continuing
operations EUR 2,157,849.00
Interest result (+/-) EUR -6,830.00
Interest and similar income EUR 0.00
thereof from related companies EUR 0.00
Interest and similar expenses EUR 6,830.00
thereof paid to related companies EUR 0.00
Financial result (+/-) EUR -6,830.00
Result from ordinary operations (+/-) EUR
2,151,019.00
Expenses for transfer of profits to a
parent company EUR 2,145,352.00
Other taxes / refund of taxes EUR -5,666.00
Tax (+/-) EUR -5,666.00
Annual surplus / annual deficit EUR 1.00
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.10 |
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1 |
INR 90.45 |
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Euro |
1 |
INR 79.59 |
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EUR |
1 |
INR 79.44 |
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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PRA |
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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.