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MIRA INFORM REPORT
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Report No. : |
495569 |
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Report Date : |
03.03.2018 |
IDENTIFICATION DETAILS
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Name : |
AEROCOM GMBH & CO.
COMMUNICATIONSSYSTEME |
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Registered Office : |
Adam-Riese-Str. 16, D 73529 Schwäbisch
Gmünd |
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Country : |
Germany |
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Financials (as on) : |
31.12.2015 |
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Date of Incorporation : |
17.09.1996 |
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Com. Reg. No.: |
HRA 701160 |
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Legal Form : |
Ltd partnership with priv. ltd.
company as general partner |
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Line of Business : |
Wholesale of electronic and
telecommunications equipment and parts |
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No. of Employees : |
168 |
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 : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 And Address
Report on: Aerocom GmbH & Co.
Communicationssysteme
Company Status: active
Adam-Riese-Str. 16
D 73529 Schwäbisch Gmünd
Telephone:07171/1045-0
Telefax:
07171/1045-299
Homepage: www.aerocom.de
E-mail:
info@aerocom.de
VAT no.: DE812101903
CONCLUSION
Business relations are permissible.
LEGAL FORM Ltd partnership with priv. ltd.
company as general partner
Date of foundation: 17.09.1996
Registered on: 21.10.1996
Register of
companies: Local court 89073 Ulm
under: HRA 701160
Total cap. contribution: EUR 3,000,000.00
Limited partner:
Rüdiger Pfitzer
Parkstr. 7
D 73312 Geislingen
born: 20.04.1979
Share: EUR 1,440,000.00
Limited partner:
Roland Pfitzer
Konrad-Adenauer-Str. 42
D 73529 Schwäbisch Gmünd
born: 09.08.1981
Share: EUR 1,440,000.00
Limited partner:
Dr. Wolfram Pfitzer
Hardtstr. 144
D 73525 Schwäbisch Gmünd
born: 10.04.1946
Share: EUR 120,000.00
General partner:
Aerocom Beteiligungs
Gesellschaft mit
beschränkter Haftung
Adam-Riese-Str. 16
D 73529 Schwäbisch Gmünd
Legal form: Private
limited company
Share capital: EUR 26,000.00
Registered on: 21.10.1996
Reg. data: 89073 Ulm, HRB
701888
Shareholder:
Rüdiger Pfitzer
Parkstr. 7
D 73312 Geislingen
born: 20.04.1979
Share: EUR 12,480.00
Shareholder:
Roland Pfitzer
Konrad-Adenauer-Str. 42
D 73529 Schwäbisch Gmünd
born: 09.08.1981
Share: EUR 12,480.00
Shareholder:
Dr. Wolfram Pfitzer
Hardtstr. 144
D 73525 Schwäbisch Gmünd
born: 10.04.1946
Share: EUR 1,040.00
Manager:
Dr. Wolfram Pfitzer
Hardtstr. 144
D 73525 Schwäbisch Gmünd
having sole power of
representation
born: 10.04.1946
Profession: Fully
qualified merchant
Marital status: married
Manager:
Rüdiger Pfitzer
Parkstr. 7
D 73312 Geislingen
having sole power of
representation
born: 20.04.1979
Manager:
Roland Pfitzer
Konrad-Adenauer-Str. 42
D 73529 Schwäbisch Gmünd
having sole power of
representation
born: 09.08.1981
COMPANY
HISTORY
company name and legal form
17.09.1996 - 04.06.2001 Aerocom GmbH & Co. Communikationssysteme
Gottlieb-Daimler-Str.
19
D 71394 Kernen
Ltd partnership with
priv. ltd. company
as general partner
BUSINESS
ACTIVITIES
Main industrial sector
46520
Wholesale of electronic and telecommunications equipment and parts
BRANCHES
AND FACTORIES
Works:
Aerocom GmbH & Co.
Communicationssysteme
Osterbrooksweg 21
D 22869 Schenefeld
Works:
Aerocom GmbH & Co.
Communicationssysteme
D 85386 Eching
Works:
Aerocom GmbH & Co.
Communicationssysteme
D 91207 Lauf
Works:
Aerocom GmbH & Co.
Communicationssysteme
D 30459 Hannover
Works:
Aerocom GmbH & Co.
Communicationssysteme
Wilhelm-Röntgen-Str. 20
D 63477 Maintal
Works:
Aerocom GmbH & Co.
Communicationssysteme
Bruchstr. 11
D 27339 Riede
Works:
Aerocom GmbH & Co.
Communicationssysteme
Boschstr. 5
D 89079 Ulm
Branch:
Aerocom GmbH & Co.
Communicationssysteme
Siemensstr. 6
D 40885 Ratingen
TEL.: 02102/733252
Branch:
Aerocom GmbH & Co.
Communicationssysteme
Straße der Deutschen
Einheit
D 04643 Geithain
TEL.: 034341-43162
FAX.: 034341-43163
Branch:
Aerocom GmbH & Co.
Communicationssysteme
Bahnhofstr.
D 15745 Wildau
TEL.: 03375/502515
FAX.: 03375/500131
PARTICIPATIONS
Shareholder:
Verwaltung Jens-Peter
Arlt GmbH
Rissener Landstr. 177
D 22559 Hamburg
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,564.59
Share: EUR 25,564.59
Reg. data: 26.07.1996
Local court
20355 Hamburg
HRB 61982
FINANCIAL
INFORMATION
Payment experience: No
Complaints
Negative information:We have no negative information
at hand.
Balance sheet year: 2015
REAL ESTATE
Type of ownership: Tenant
Address Adam-Riese-Str. 16
D 73529 Schwäbisch Gmünd
Real Estate of: Aerocom Beteiligungs Gesellschaft mit
beschränkter Haftung
Type of ownership: Tenant
Address Adam-Riese-Str. 16
D 73529 Schwäbisch Gmünd
Land register documents were not available.
BANKERS
KREISSPARKASSE OSTALB, 73525 SCHWÄBISCH GMÜND
Sort. code: 61450050
BIC: OASPDE6AXXX
COMMERZBANK, 73502 SCHWÄBISCH GMÜND
Sort. code: 61340079
BIC: COBADEFFXXX
SÜDWESTBANK, 70037 STUTTGART
Sort. code: 60090700
BIC: SWBSDESSXXX
FINANCIAL
FIGURES
Turnover: 2016 EUR 25,700,000.00
Equipment: EUR 999,188.00
Ac/ts receivable: EUR 7,362,902.00
Liabilities: EUR 5,043,780.00
Employees: 168
BALANCE
SHEETS
Balance sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]: 87.70
Liquidity ratio: 10.00
Return on total capital [%]: 14.66
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 88.22
Liquidity ratio: 10.00
Return on total capital [%]: 15.24
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 85.91
Liquidity ratio: 10.00
Return on total capital [%]: 19.50
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 84.04
Liquidity ratio: 10.00
Return on total capital [%]: 23.19
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.
Financial
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 26,608,174.03
Fixed assets
EUR 4,965,767.72
Intangible assets
EUR 42,387.00
Concessions, licences, rights
EUR 12,397.00
Goodwill
EUR 29,990.00
Tangible assets
EUR 1,603,687.74
Land / similar rights
EUR 88,068.00
Plant / machinery
EUR 636,112.18
Other tangible assets / fixtures and
fittings
EUR 587,658.56
Advance payments made / construction
in progress
EUR 291,849.00
Financial assets
EUR 3,319,692.98
Shares in participations /
subsidiaries and the like
EUR 3,319,692.98
Shares in related companies EUR 3,319,692.98
Current assets
EUR 21,241,139.85
Stocks
EUR 4,513,715.71
Raw materials, consumables and
supplies EUR 4,434,343.89
Finished goods / work in progress
EUR 4,510,578.25
Advance payments made
EUR 19,058.93
Minus received advance payments for
orders / installments for stocks
EUR -4,450,265.36
Accounts receivable
EUR 8,672,401.90
Trade debtors
EUR 7,554,116.31
Amounts due from related companies
EUR 920,674.56
Other
debtors and assets EUR 197,611.03
Investments in current assets
EUR 314,415.00
Liquid means
EUR 7,740,607.24
Remaining other assets
EUR 401,266.46
Accruals (assets)
EUR 99,360.46
Deferred taxes (assets)
EUR 301,906.00
LIABILITIES EUR 26,608,174.03
Shareholders' equity
EUR 18,375,881.30
Capital
EUR 17,980,682.30
Limited partner's capital / capital
of partially liable partner (LP)
EUR 17,980,682.30
Reserves
EUR 395,199.00
Provisions
EUR 1,493,676.12
Provisions for taxes
EUR 410,812.39
Other / unspecified provisions
EUR 1,082,863.73
Liabilities
EUR 6,710,816.61
Other liabilities
EUR 6,710,816.61
Trade creditors (for IAS incl. bills
of exchange)
EUR 706,192.29
Liabilities due to shareholders
EUR 5,000,000.00
Unspecified other liabilities
EUR 1,004,624.32
Other liabilities
EUR 27,800.00
Deferred taxes (not included under
provisions/liabilities)
EUR 27,800.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales
EUR 25,642,015.14
Inventory change + own costs (+/-)
EUR 186,047.60
Inventory change (+/-)
EUR 186,047.60
Other operating income
EUR 612,300.11
Cost of materials
EUR 8,493,011.58
Raw materials and supplies, purchased
goods
EUR 6,639,995.14
Purchased
services EUR 1,853,016.44
Gross result (+/-)
EUR 17,947,351.27
Staff expenses
EUR 9,413,824.50
Wages and salaries
EUR 7,559,147.33
Social security contributions and
expenses for pension plans and
benefits
EUR 1,854,677.17
Total depreciation
EUR 310,202.25
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 310,202.25
Other operating expenses
EUR 3,495,782.73
Operating result from continuing
operations
EUR 4,727,541.79
Interest result (+/-)
EUR -25,608.92
Interest and similar income
EUR 36,884.90
Interest and similar expenses
EUR 62,493.82
Financial result (+/-)
EUR -25,608.92
Result from ordinary operations (+/-)
EUR 4,701,932.87
Income tax / refund of income tax (+/-)EUR -839,778.69
Other taxes / refund of taxes
EUR -9,909.65
Tax
(+/-) EUR -849,688.34
Annual surplus / annual deficit
EUR 3,852,244.53
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 24,372,576.09
Fixed assets
EUR 4,375,681.33
Intangible assets
EUR 47,738.00
Concessions, licences, rights
EUR 15,078.00
Goodwill
EUR 32,660.00
Tangible assets
EUR 1,274,545.55
Plant / machinery
EUR 275,357.71
Other tangible assets / fixtures and
fittings
EUR 999,187.84
Financial assets
EUR 3,053,397.78
Shares in participations /
subsidiaries and the like
EUR 3,053,397.78
Shares in related companies
EUR 3,053,397.78
Current assets
EUR 19,651,328.89
Stocks
EUR 4,642,934.25
Raw materials, consumables and
supplies EUR 4,109,832.40
Finished goods / work in progress
EUR 4,324,530.65
Advance payments made
EUR 23,495.80
Minus received advance payments for
orders
/ installments for stocks EUR -3,814,924.60
Accounts receivable
EUR 7,362,902.24
Trade debtors
EUR 6,282,648.96
Amounts due from related companies
EUR 1,003,260.94
Other debtors and assets
EUR 76,992.34
Investments in current assets
EUR 239,307.00
Other investments
EUR 239,307.00
Liquid means
EUR 7,406,185.40
Remaining other assets
EUR 345,565.87
Accruals (assets)
EUR 76,195.87
Deferred taxes (assets)
EUR 269,370.00
LIABILITIES EUR 24,372,576.09
Shareholders' equity
EUR 17,937,598.99
Capital
EUR 17,683,642.99
Limited partner's capital / capital
of partially liable partner (LP)
EUR 17,683,642.99
Reserves
EUR 253,956.00
Provisions
EUR 1,391,197.53
Provisions for taxes
EUR 524,400.05
Other / unspecified provisions EUR 866,797.48
Liabilities
EUR 5,043,779.57
Other liabilities
EUR 5,043,779.57
Trade creditors (for IAS incl. bills
of exchange)
EUR 379,398.84
Unspecified other liabilities
EUR 4,664,380.73
thereof liabilities from tax /
financial authorities
EUR 369,161.78
thereof liabilities from social
security EUR 280,587.51
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 24,124,190.10
Inventory change + own costs (+/-)
EUR 918,952.97
Inventory change (+/-)
EUR 831,552.97
Capitalised own costs
EUR 87,400.00
Other operating income
EUR 229,267.10
Cost of materials
EUR 7,891,995.47
Raw materials and supplies, purchased
goods
EUR 6,107,126.55
Purchased services
EUR 1,784,868.92
Gross result (+/-)
EUR 17,380,414.70
Staff expenses
EUR 8,996,484.42
Wages and salaries
EUR 7,226,904.11
Social security contributions and
expenses for pension plans and
benefits
EUR 1,769,580.31
Total depreciation
EUR 286,402.47
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 286,402.47
Other operating expenses
EUR 3,472,216.20
Operating result from continuing
operations
EUR 4,625,311.61
Interest result (+/-)
EUR -36,277.69
Interest and similar income
EUR 61,111.64
thereof from related companies
EUR 23,850.00
Interest and similar expenses
EUR 97,389.33
Financial result (+/-)
EUR -36,277.69
Result from ordinary operations (+/-)
EUR 4,589,033.92
Income tax / refund of income tax (+/-)EUR -909,581.65
Other taxes / refund of taxes
EUR -10,031.65
Tax
(+/-)
EUR -919,613.30
Annual surplus / annual deficit
EUR 3,669,420.62
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.10 |
|
|
1 |
INR 94.44 |
|
Euro |
1 |
INR 79.59 |
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Euro |
1 |
INR 80.31 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
KET |
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.