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MIRA INFORM REPORT
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Report No. : |
498401 |
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Report Date : |
20.03.2018 |
IDENTIFICATION DETAILS
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Name : |
MTS PERFORATOR GMBH |
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Registered Office : |
Bei Dem Gerichte, D 37445 Walkenried |
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Country : |
Germany |
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Financials (as on) : |
31.12.2015 |
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Date of Incorporation : |
1945 |
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Com. Reg. No.: |
HRB 3584 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Manufacture of other special-purpose
machinery n.e.c. ·
Wholesale of other equipment and
accessories for machinery and technical supplies |
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No. of Employees : |
165 |
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 economic 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,
investment, and exports are likely to drive German GDP growth in 2018, and the
country’s budget and trade surpluses are likely to remain high.
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Source
: CIA |
Company name & address
MTS PERFORATOR GMBH
Company Status: active
Bei dem Gerichte
D 37445 Walkenried
Telephone:05525/2010
Telefax:
05525/20148
Homepage: www.perforator.de
E-mail:
info@perforator.de
VAT
no.: DE224221803
CONCLUSION
Business
relations are permissible.
LEGAL FORM Private Limited Company
Date of foundation: 1945
Shareholders'
agreement: 16.08.2002
Registered on: 25.11.2002
Commercial Register: Local court 37073
Göttingen
under:
HRB 3584
Share capital: EUR 1,500,000.00
Shareholder:
Schmidt, Kranz & Co.
Gesellschaft mit
beschränkter Haftung
Hauptstr. 123
D 42555 Velbert
Legal form: Private
limited company
Share capital: EUR 2,000,000.00
Share: EUR 1,500,000.00
Registered on: 26.03.1962
Reg. data: 42103
Wuppertal, HRB 17334
Manager:
Gilbert Kimpel
Fontanestr. 30
D 17192 Waren
authorized to jointly
represent the company
born: 01.01.1961
Marital status: married
Manager:
Johann-Christian
Friedrich von
Behr-Negendanck
D 23966 Wismar
authorized to jointly
represent the company
born: 15.03.1978
Proxy:
Andreas Ziegenbein
D 37441 Bad Sachsa
born: 16.12.1962
Further functions/participations of Gilbert
Kimpel (Manager)
Limited partner:
Nord Bauprojektmanagement
GmbH & Co. KG
Warendorfer Str. 11
D 17192 Waren
Legal form: Ltd
partnership with priv. ltd.
company as general partner
Total cap. EUR 15,338.76
contribution:
Share: EUR 5,112.92
Registered
on: 02.04.1996
Reg. data: 17033 Neubrandenburg, HRA 992
Shareholder:
LOVAT MTS GmbH
Microtunnelling Systems
Am Heisterbusch 18a
D 19246 Lüttow-Valluhn
Legal form: Private
limited company
insolvent
Share capital: EUR 100,000.00
Share: EUR 37,550.00
Registered
on: 20.09.2000
Reg. data: 19053 Schwerin, HRB 6999
Shareholder:
mts GmbH mircotunnelling
Services
Am Heisterbusch 18a
D 19246 Lüttow-Valluhn
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on:
15.01.2004
Reg. data: 19053 Schwerin, HRB 8277
Shareholder:
Nord Bauprojektmanagement
Verwaltungs GmbH
Warendorfer Str. 11
D 17192 Waren
Legal form: Private limited company
dormant
Share capital: EUR 26,075.88
Share: EUR 8,691.96
Registered
on: 29.02.1996
Reg. data: 17033 Neubrandenburg, HRB 4016
Shareholder:
MV Immobilien- und
Projektentwicklungsgesellschaft mbH
Georg-Büchner-Str. 5
D 18055 Rostock
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 6,250.00
Registered
on:
20.02.2001
Reg. data: 18057 Rostock, HRB 8663
Manager:
MV Immobilien- und
Projektentwicklungsgesellschaft mbH
Georg-Büchner-Str. 5
D 18055 Rostock
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 20.02.2001
Reg. data: 18057 Rostock, HRB 8663
Manager:
LOVAT MTS GmbH
Microtunnelling Systems
Am Heisterbusch 18a
D 19246 Lüttow-Valluhn
Legal form: Private
limited company
insolvent
Share capital: EUR 100,000.00
Registered
on: 20.09.2000
Reg. data: 19053 Schwerin, HRB 6999
Manager:
mts GmbH mircotunnelling Services
Am Heisterbusch 18a
D 19246 Lüttow-Valluhn
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 15.01.2004
Reg. data: 19053 Schwerin, HRB 8277
Practising person:
Gilbert Kimpel
Warendorfer Str. 11
D 17192 Waren
Legal form: Independent
profession
COMPANY
HISTORY
company name and legal form
02.02.2009 - 23.10.2015 Perforator GmbH
Bei dem Gerichte
D 37445 Walkenried
Private
limited company
RESIGNED
ACTING PERSONS AND SHAREHOLDERS
22.12.2015 - 12.05.2016 Manager
Wolfgang Schmidt
D 44787 Bochum
BUSINESS
ACTIVITIES
Main industrial sector
2899 Manufacture of other special-purpose
machinery n.e.c.
46693
Wholesale of other equipment and accessories for machinery and technical
supplies
BRANCHES
AND FACTORIES
Branch:
mts Perforator GmbH
Am Heisterbusch 18a
D 19246 Lüttow-Valluhn
TEL.: 038851/327-0
FAX.: 038851/327-10
Reg. entry: 18.12.2015
PARTICIPATIONS
Shareholder:
SysBohr GmbH
Karrystr. 15
D 36041 Fulda
Legal form: Private
limited company
Company Status: active
Share capital: EUR 130,000.00
Share: EUR 45,000.00
Reg. data: 04.05.2004
Local court
36037 Fulda
HRB 2275
FINANCIAL
INFORMATION
Payment experience: No Complaints
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).
REAL
ESTATE
Type of ownership: Tenant
Address Bei dem Gerichte
D 37445 Walkenried
Land register documents were not available.
BANKERS
Principal bank
COMMERZBANK VORMALS DRESDNER BANK, 37006
GÖTTINGEN
Sort. code: 26080024
BIC: DRESDEFF260
Further banks
VOLKSBANK BRAUNLAGE ZW WALKENRIED, 37445
WALKENRIED
Sort. code: 27893359, Account no.: 80558820
BIC: GENODEF1BLG, IBAN: DE36278933590080558820
BREMER KREDITBANK, 28195 BREMEN
Sort. code: 30120500
BIC: BANVDEHB300
COMMERZBANK, 38640 GOSLAR
Sort. code: 26840032, Account no.: 7205370
BIC: COBADEFFXXX, IBAN: DE62268400320720537000
DEUTSCHE BANK, 38022 BRAUNSCHWEIG
Sort. code: 27070030
BIC: DEUTDE2H270
FINANCIAL
FIGURES
Turnover: 2017 *EUR 23,100,000.00
Equipment: *EUR 924,000.00
Ac/ts receivable: EUR 8,345,631.00
Liabilities: EUR 32,422,263.00
Real
estate of the firm:
EUR 1,523,999.00
Employees:
165
-
Trainees: 11
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 [%]: 40.44
Liquidity ratio: 0.42
Return on total capital [%]: -4.88
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 40.92
Liquidity ratio: 0.46
Return on total capital [%]: 0.87
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 25.03
Liquidity ratio: 0.33
Return on total capital [%]: -5.97
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 32.51
Liquidity ratio: 0.39
Return on total capital [%]: -2.14
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 35,643,239.83
Fixed assets
EUR 9,781,192.26
Intangible assets
EUR 755,505.00
Tangible assets
EUR 8,878,193.89
Financial assets
EUR 147,493.37
Current assets EUR 24,843,369.31
Stocks
EUR 16,209,753.73
Accounts receivable
EUR 8,345,630.54
Liquid means
EUR 287,985.04
Remaining other assets
EUR 1,018,678.26
Accruals (assets)
EUR 264,478.26
Deferred taxes (assets)
EUR 754,200.00
LIABILITIES EUR 35,643,239.83
Shareholders'
equity EUR 2,686,866.59
Capital
EUR 1,500,000.00
Subscribed capital (share capital)
EUR 1,500,000.00
Reserves
EUR 1,050,385.51
Capital reserves
EUR 1,050,385.51
Balance sheet profit/loss (+/-)
EUR 136,481.08
Profit / loss brought forward
EUR 1,820,744.03
Annual surplus / annual deficit
EUR -1,684,262.95
Provisions
EUR 534,110.60
Liabilities
EUR 32,422,262.64
thereof total due to shareholders
EUR 12,403,043.74
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 13,032,185.05
Staff expenses
EUR 9,238,808.88
Wages and salaries
EUR 7,426,729.36
Social
security contributions and
expenses for pension plans and
benefits
EUR 1,812,079.52
Total depreciation
EUR 1,145,747.55
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,145,747.55
Other operating expenses
EUR 4,415,875.70
Operating result from continuing
operations
EUR -1,768,247.08
Result from participating interests
(+/-)
EUR 62,366.15
Expenses / income from participations EUR 62,366.15
Income from related companies
EUR 62,366.15
Interest result (+/-)
EUR -502,175.90
Interest and similar income
EUR 57,647.71
Interest and similar expenses
EUR 559,823.61
Financial result (+/-)
EUR -439,809.75
Result from ordinary operations (+/-)
EUR -2,208,056.83
Income tax / refund of income tax (+/-)EUR 539,872.03
Other taxes / refund of taxes
EUR -16,078.15
Tax
(+/-)
EUR 523,793.88
Annual surplus / annual deficit
EUR -1,684,262.95
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 13,062,577.12
Fixed assets
EUR 3,274,427.47
Intangible assets
EUR 24,532.00
Other / unspecified intangible assetsEUR 24,532.00
Tangible assets
EUR 3,130,210.11
Land / similar rights
EUR 1,523,999.00
Plant / machinery
EUR 1,328,698.00
Other tangible assets / fixtures and
fittings
EUR 107,015.00
Advance payments made / construction
in progress
EUR 170,498.11
Financial assets
EUR 119,685.36
Shares in participations /
subsidiaries and the like
EUR 119,685.36
Shares in related companies
EUR 1.00
Shares in investee companies
EUR 119,684.36
Current assets
EUR 9,727,201.28
Stocks
EUR 6,234,864.59
Accounts receivable
EUR 3,458,942.50
Trade debtors
EUR 2,049,665.76
Amounts due from related companies EUR
1,367,410.71
Amounts due from investee companies
EUR 41,866.03
Liquid means
EUR 33,394.19
Remaining other assets
EUR 60,948.37
Accruals (assets)
EUR 60,948.37
LIABILITIES EUR 13,062,577.12
Shareholders' equity
EUR 3,320,744.03
Capital
EUR 1,500,000.00
Subscribed capital (share capital)
EUR 1,500,000.00
Balance sheet profit/loss (+/-)
EUR 1,820,744.03
Profit / loss brought forward
EUR 1,707,467.98
Annual surplus / annual deficit
EUR 113,276.05
Provisions
EUR 166,870.00
Liabilities
EUR 9,574,963.09
Financial debts
EUR 6,849,791.30
Liabilities due to banks
EUR 6,849,791.30
Other liabilities
EUR 2,725,171.79
Liabilities due to shareholders
EUR 2,031,089.09
Liabililties due to related companiesEUR 239,381.50
Unspecified other liabilities
EUR 454,701.20
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 7,670,094.25
Staff expenses
EUR 5,256,071.13
Wages and salaries
EUR 4,326,362.28
Social security contributions and
expenses for pension plans and
benefits
EUR 929,708.85
Total depreciation EUR 585,501.22
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 585,501.22
Other operating expenses
EUR 1,583,864.95
Operating
result from continuing
operations
EUR 244,656.95
Result from participating interests
(+/-)
EUR 59,762.69
Expenses / income from participations EUR 59,762.69
Income from related companies
EUR 59,762.69
Interest result (+/-)
EUR -174,509.03
Interest and similar income
EUR 5,050.09
Interest and similar expenses
EUR 179,559.12
thereof paid to related companies
EUR 14,583.35
Financial result (+/-)
EUR -114,746.34
Result from ordinary operations (+/-)
EUR 129,910.61
Income tax / refund of income tax (+/-)EUR 23.41
Other taxes / refund of taxes
EUR -16,657.97
Tax
(+/-)
EUR -16,634.56
Annual surplus / annual deficit
EUR 113,276.05
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.04 |
|
|
1 |
INR 90.55 |
|
Euro |
1 |
INR 79.77 |
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EUR |
1 |
INR 80.26 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIS |
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Report Prepared
by : |
TPT |
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.