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MIRA INFORM REPORT
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Report No. : |
507850 |
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Report Date : |
08.05.2018 |
IDENTIFICATION DETAILS
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Name : |
DREEBIT GMBH |
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Registered Office : |
Zur Wetterwarte 50/Haus 301, D 01109
Dresden |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
11.10.2006 |
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Com. Reg. No.: |
HRB 25059 |
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Legal Form : |
Private Limited
Company |
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Line of Business : |
·
Manufacture
of electronic components · Other research and experimental development on natural sciences and engineering |
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No. of Employees : |
47 |
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 : |
Excellent |
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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 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 |
Note
The subject of your inquiry is a branch.
We are reporting on the headquarters.
Company
name & address
DREEBIT GMBH
Company Status: active
Zur Wetterwarte 50/Haus 301
D 01109 Dresden
Telephone:0351/21270010
Telefax:
0351/212700180
Homepage: www.dreebit.com
E-mail: info@dreebit.com
VAT
no.: DE251245738
Tax
ID number: 202/107/07302
CONCLUSION
Business relations are permissible.
LEGAL FORM Private Limited Company
Date of foundation: 11.10.2006
Shareholders'
agreement: 11.10.2006
Registered on: 23.11.2006
Commercial Register: Local court 01069 Dresden
under: HRB 25059
Share capital: EUR 26,400.00
Shareholder:
Pfeiffer Vacuum
Technology AG
Berliner Str. 43
D 35614 Aßlar
Legal form: Public
limited company
Share capital: EUR
25,261,207.04
Share: EUR 26,400.00
Registered on: 01.03.1996
Reg. data: 35578 Wetzlar,
HRB 44
Manager:
Dr. Ing. Frank Großmann
Bahnhofstr. 20
D 01458 Ottendorf-Okrilla
having sole power of
representation
born: 13.06.1955
Profession: Engineer
Marital status: married
Manager:
Prof.Dr.habil. Günter
Zschornack
Weidenweg 17b
D 01796 Pirna
born: 22.07.1950
Further functions/participations of Dr. Ing.
Frank Großmann
(Manager)
Shareholder:
Cryo Vacuum GmbH
Zur Wetterwarte
50/Haus 301
D 01109 Dresden
Legal form: Private
limited company dormant
Share capital: EUR 25,000.00
Share: EUR
25,000.00
Registered
on: 11.05.2010
Reg. data: 01069 Dresden, HRB 28906
Manager:
Cryo Vacuum GmbH
Zur Wetterwarte 50/Haus
301
D 01109 Dresden
Legal form: Private
limited company dormant
Share capital: EUR 25,000.00
Registered
on: 11.05.2010
Reg. data: 01069 Dresden, HRB 28906
BUSINESS
ACTIVITIES
Main industrial sector
2611
Manufacture of electronic components
72190
Other research and experimental development on natural sciences and
engineering
BRANCHES
AND FACTORIES
Branch:
DREEBIT GmbH
Southwallstr. 5
D 01900 Großröhrsdorf
TEL.: 035952/420202
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).
Events Index: 1
At present, NO events are
known.
The Events Index
indicates if any particular
events have occurred,
such as e.g. a
relocation of registered
office or a change
within management. On the
basis of number,
relevance and
up-to-dateness of the events
an index value ranging
from 1 (no events) to
5 is calculated.
Companies showing a
particularly large number
of events receive
the index 6.
REAL
ESTATE
Type of ownership: Tenant
Address Zur Wetterwarte 50/ Haus 301
D 01109 Dresden
Type of ownership: proprietor
Share: 100.00 %
Address Southwallstr. 5
D 01900 Großröhrsdorf
Land register documents were not available.
BANKERS
COMMERZBANK, 01001 DRESDEN
Sort. code: 85040000
BIC: COBADEFFXXX
OSTSÄCHSISCHE SPARKASSE DRESDEN, 01305 DRESDEN
Sort. code: 85050300, Account no.: 3100341197
BIC: OSDDDE81XXX, IBAN: DE63850503003100341197
FINANCIAL
FIGURES
Turnover: 2016 *EUR 7,285,000.00
2017 *EUR 7,285,000.00
Profit: 2016 EUR 164,148.00
further business figures:
Equipment: *EUR 282,000.00
Ac/ts receivable: EUR 821,251.00
Liabilities: EUR 1,580,194.00
Total numbers of vehicles: 11
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Lorries: 1
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Passenger cars:
10
Employees:
47
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 [%]: 53.95
Liquidity ratio: 0.68
Return on total capital [%]: 2.75
Balance sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]: 61.45
Liquidity ratio: 0.48
Return on total capital [%]: 1.86
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 57.93
Liquidity ratio: 0.91
Return on total capital [%]: 3.44
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 57.05
Liquidity ratio: 1.07
Return on total capital [%]: 1.22
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 6,053,700.57
Fixed assets
EUR 3,535,466.37
Intangible assets
EUR 188,834.00
Tangible assets
EUR 3,346,632.37
Current assets
EUR 2,479,983.50
Stocks
EUR 1,283,899.37
Accounts receivable EUR 821,251.44
Liquid means
EUR 374,832.69
Remaining other assets
EUR 38,250.70
Accruals (assets)
EUR 38,250.70
LIABILITIES EUR 6,053,700.57
Shareholders' equity
EUR 2,742,404.41
Capital
EUR 26,400.00
Subscribed capital (share capital)
EUR 26,400.00
Reserves
EUR 2,300,000.00
Capital reserves
EUR 2,300,000.00
Balance sheet profit/loss (+/-)
EUR 416,004.41
Profit / loss brought forward
EUR 251,856.12
Annual surplus / annual deficit
EUR 164,148.29
Items between shareholders' equity and
debt capital
EUR 1,133,834.00
Allowances / bonuses
EUR 1,133,834.00
Provisions
EUR 597,268.00
Liabilities
EUR 1,580,194.16
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 5,100,899.67
Fixed assets
EUR 3,648,067.37
Intangible assets
EUR 177,857.00
Tangible assets
EUR 3,470,210.37
Current assets
EUR 1,428,852.24
Stocks
EUR 903,540.72
Accounts receivable
EUR 522,294.99
Liquid means
EUR 3,016.53
Remaining other assets
EUR 23,980.06
Accruals (assets)
EUR 23,980.06
LIABILITIES EUR 5,100,899.67
Shareholders' equity
EUR 2,578,256.12
Capital
EUR 26,400.00
Subscribed capital (share capital)
EUR 26,400.00
Reserves EUR 2,300,000.00
Capital reserves
EUR 2,300,000.00
Balance sheet profit/loss (+/-)
EUR 251,856.12
Profit / loss brought forward
EUR 158,575.20
Annual surplus / annual deficit
EUR 93,280.92
Items between shareholders' equity and
debt capital
EUR 1,180,872.00
Allowances / bonuses
EUR 1,180,872.00
Provisions EUR 250,546.85
Liabilities
EUR 1,091,224.70
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 67.11 |
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1 |
INR 90.85 |
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Euro |
1 |
INR 80.12 |
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EUR |
1 |
INR 79.60 |
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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VAR |
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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.