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MIRA INFORM REPORT
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Report No. : |
508120 |
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Report Date : |
08.05.2018 |
IDENTIFICATION DETAILS
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Name : |
ELEMENTAR ANALYSENSYSTEME GMBH |
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Registered Office : |
Elementarstr.
1, D 63505 Langenselbold |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
1990 |
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Com. Reg. No.: |
HRB 5521 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
· Manufacture of instruments and appliances for measuring, testing and navigation · Wholesale of photo and optical goods · Wholesale of other equipment and accessories for machinery and technical supplies |
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No. of Employees : |
102 |
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 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
ELEMENTAR ANALYSENSYSTEME GMBH
Company Status: active
Elementarstr. 1
D 63505 Langenselbold
Telephone:06184/93930
Telefax:
06184/9393400
Homepage: www.elementar.de
E-mail: info@elementar.de
VAT
no.: DE178562638
Tax
ID number: 035 232 25950
CONCLUSION
Business relations are permissible.
LEGAL FORM Private Limited Company
Date of foundation: 1990
Shareholders'
agreement: 07.07.1995
Registered on: 31.08.1995
Commercial Register: Local court 63450 Hanau
under: HRB 5521
Share capital: EUR 511,500.00
Shareholder:
Albrecht Sieper
Am Schlößchen 19
D 63571 Gelnhausen
born: 12.07.1973
Share: EUR 306,900.00
Shareholder:
Dr. Hans-Peter Sieper
Lindenstr. 34
D 63571 Gelnhausen
born: 14.12.1943
Share: EUR 204,600.00
Manager:
Albrecht Sieper
Am Schlößchen 19
D 63571 Gelnhausen
having sole power of
representation
born: 12.07.1973
Profession: graduate
engineer
Marital status: unknown
Proxy:
Klaus Jäger
Mittlauer Weg 9
D 63571 Gelnhausen
having sole power of
representation
born: 02.09.1958
Marital status: married
Proxy:
Dr. Sebastian Oliver
Schmitt
D 63546 Hammersbach
having sole power of
representation
born: 22.06.1983
Proxy:
Dr. Lutz Lange
D 60306 Frankfurt
having sole power of
representation
born: 14.12.1967
Proxy:
Alexander Turowski
D 63526 Erlensee
having sole power of representation
born: 23.11.1986
Further functions/participations of Albrecht
Sieper (Manager)
Manager:
Elementar Entwicklungs
GmbH
Carl-Friedrich-Benz-Str.
16
D 63505 Langenselbold
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 18.09.2015
Reg. data: 63450 Hanau, HRB 95343
COMPANY
HISTORY
company name and legal form
06.09.2016 - 05.07.2017 Elementar Analysensysteme GmbH
Elementarstr. 1
D 63505 Langenselbold
Private limited
company
31.08.1995 - 14.10.2016 Elementar Analysensysteme GmbH
Donaustr. 7
D 63452 Hanau
Private limited
company
RESIGNED
ACTING PERSONS AND SHAREHOLDERS
08.03.2016 -
14.09.2017 Manager
Dr. Hans-Peter Sieper
Lindenstr. 34
D 63571 Gelnhausen
BUSINESS
ACTIVITIES
Main industrial sector
26511
Manufacture of instruments and appliances for measuring, testing and
navigation
26512
Manufacture of instruments and appliances for measuring, testing and
navigation
46431
Wholesale of photo and optical goods
46693
Wholesale of other equipment and accessories for machinery and technical
supplies
PARTICIPATIONS
Shareholder:
Elementar Entwicklungs
GmbH
Carl-Friedrich-Benz-Str.
16
D 63505 Langenselbold
Legal form: Private
limited company
Company Status:
active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 18.09.2015
Local court
63450 Hanau
HRB 95343
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
Elementarstr. 1
D 63505 Langenselbold
Land register documents were not available.
BANKERS
COMMERZBANK VORMALS DRESDNER BANK, 63403 HANAU
Sort. code: 50680002
BIC: DRESDEFF506
SPARKASSE HANAU, 63411 HANAU
Sort.
code: 50650023
BIC: HELADEF1HAN
FINANCIAL
FIGURES
Turnover: 2016 EUR 25,952,710.00
Profit: 2016 EUR 2,404,645.00
Equipment: EUR 1,525,737.00
Ac/ts receivable: EUR 7,785,725.00
Liabilities: EUR 16,405,444.00
Real
estate of the firm:
EUR 16,385,774.00
Employees: 102
BALANCE
SHEETS
Balance sheet ratios 01.01.2016 - 31.12.2016
Equity ratio [%]: 51.79
Liquidity ratio: 1.53
Return on total capital [%]: 5.17
Balance sheet ratios 01.01.2015 - 31.12.2015
Equity
ratio [%]: 52.75
Liquidity ratio: 10.00
Return on total capital [%]: 8.01
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 67.36
Liquidity ratio: 10.00
Return on total capital [%]: 12.30
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 68.40
Liquidity ratio: 10.00
Return on total capital [%]: 14.40
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 46,542,365.37
Fixed assets
EUR 22,637,769.84
Intangible assets
EUR 254,605.00
Concessions, licences, rights
EUR 251,849.00
Advance payments for intang. assets
EUR 2,756.00
Tangible assets
EUR 18,220,157.20
Land / similar rights
EUR 16,385,773.70
Plant / machinery
EUR 168,888.00
Other tangible assets / fixtures and
fittings
EUR 1,525,737.46
Advance payments made / construction
in progress EUR 139,758.04
Financial assets
EUR 4,163,007.64
Shares in participations /
subsidiaries and the like
EUR 1,598,256.42
Shares in related companies
EUR 1,598,256.42
Loans to participations /
subsidiaries and the like
EUR 544,667.20
Loans to related companies
EUR 544,667.20
Securities included in fixed assets
EUR 2,020,084.02
Current assets EUR 23,816,797.09
Stocks
EUR 4,729,173.56
Raw materials, consumables and
supplies
EUR 3,012,480.12
Finished goods / work in progress
EUR 1,928,789.86
Minus received advance payments for
orders / installments for stocks
EUR -212,096.42
Accounts receivable
EUR 7,785,724.72
Trade debtors
EUR 2,290,543.34
Amounts due from related companies
EUR 4,672,467.71
Other debtors and assets
EUR 822,713.67
Liquid means
EUR 11,301,898.81
Remaining other assets
EUR 87,798.44
Accruals (assets)
EUR 87,798.44
LIABILITIES EUR 46,542,365.37
Shareholders' equity
EUR 24,103,463.90
Capital EUR 511,500.00
Subscribed capital (share capital)
EUR 511,500.00
Reserves
EUR 255,645.94
Capital reserves
EUR 255,645.94
Balance sheet profit/loss (+/-)
EUR 23,336,317.96
Profit / loss brought forward
EUR 20,931,672.58
Annual surplus / annual deficit
EUR 2,404,645.38
Provisions
EUR 6,033,457.55
Pension
provisions and comparable
provisions
EUR 2,678,871.00
Other / unspecified provisions
EUR 3,354,586.55
Liabilities
EUR 16,405,443.92
Financial debts EUR 15,329,165.00
Liabilities due to banks
EUR 15,329,165.00
Other liabilities
EUR 1,076,278.92
Trade creditors (for IAS incl. bills
of exchange) EUR 872,837.15
Liabililties due to related companiesEUR 71,371.36
Unspecified other liabilities
EUR 132,070.41
thereof liabilities from tax /
financial authorities
EUR 90,528.68
thereof liabilities from social
security
EUR 16,822.18
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 25,952,709.67
Inventory change + own costs (+/-)
EUR 381,883.98
Inventory change (+/-)
EUR 236,899.44
Capitalised own costs
EUR 144,984.54
Other operating income
EUR 601,667.41
Cost of materials
EUR 9,899,631.16
Raw materials and supplies, purchased
goods
EUR 9,359,100.65
Purchased services
EUR 540,530.51
Gross result (+/-)
EUR 17,036,629.90
Staff expenses
EUR 8,236,927.57
Wages and salaries
EUR 7,199,064.13
Social security contributions and
expenses for pension plans and
benefits
EUR 1,037,863.44
Total depreciation
EUR 617,177.57
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 617,177.57
Other operating expenses
EUR 4,592,679.55
Operating result from continuing
operations
EUR 3,589,845.21
Result from participating interests
(+/-) EUR 47,210.53
Expenses / income from participations EUR 47,210.53
Income from related companies
EUR 47,210.53
Interest result (+/-)
EUR -112,373.74
Interest and similar income
EUR 136,367.10
thereof from related companies
EUR 120,381.57
Interest and similar expenses
EUR 248,740.84
Other financial result
EUR -3,326.42
Income from securities and loans from
financial assets
EUR 19,176.66
thereof related companies
EUR 19,176.66
Depreciation on financial assets and
marketable securities
EUR 22,503.08
Financial result (+/-)
EUR -68,489.63
Result from ordinary operations (+/-)
EUR 3,521,355.58
Income tax / refund of income tax (+/-)EUR -1,110,916.54
Other taxes / refund of taxes
EUR -5,793.66
Tax
(+/-)
EUR -1,116,710.20
Annual surplus / annual deficit
EUR 2,404,645.38
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 40,993,456.89
Fixed assets
EUR 11,435,906.71
Intangible assets
EUR 314,167.00
Tangible assets
EUR 7,781,628.52
Financial assets
EUR 3,340,111.19
Current assets
EUR 29,457,109.39
Stocks
EUR 4,397,917.10
Accounts receivable
EUR 6,741,409.48
Amounts due from related companies
EUR 3,183,334.97
Other debtors and assets
EUR 3,558,074.51
Liquid means
EUR 18,317,782.81
Remaining other assets
EUR 100,440.79
Accruals (assets)
EUR 100,440.79
LIABILITIES EUR 40,993,456.89
Shareholders' equity
EUR 21,698,818.52
Capital
EUR 511,500.00
Subscribed capital (share capital)
EUR 511,500.00
Reserves EUR 255,645.94
Capital reserves
EUR 255,645.94
Balance sheet profit/loss (+/-)
EUR 20,931,672.58
Balance sheet profit / loss
EUR 20,931,672.58
Provisions EUR 7,021,386.58
Liabilities
EUR 12,273,251.79
Financial debts
EUR 11,145,833.00
Liabilities due to banks
EUR 11,145,833.00
Other liabilities
EUR 1,127,418.79
Liabililties due to related companiesEUR 394,768.32
Unspecified other liabilities
EUR 732,650.47
thereof liabilities from tax /
financial
authorities EUR 85,272.26
thereof liabilities from social
security
EUR 1,989.03
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 19,525,743.59
Staff expenses
EUR 8,375,382.59
Wages and salaries
EUR 7,460,941.82
Social security contributions and
expenses for pension plans and
benefits
EUR 914,440.77
Total depreciation
EUR 435,750.33
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 435,750.33
Other operating expenses
EUR 5,644,790.03
Operating result from continuing
operations
EUR 5,069,820.64
Result from participating interests
(+/-) EUR 102,289.47
Expenses / income from participations EUR 102,289.47
Income from related companies
EUR 102,289.47
Interest result (+/-)
EUR -387,672.46
Interest
and similar income EUR 20,767.32
Interest and similar expenses
EUR 408,439.78
Financial result (+/-)
EUR -285,382.99
Result from ordinary operations (+/-)
EUR 4,784,437.65
Income tax / refund of income tax (+/-)EUR -1,505,705.12
Other taxes / refund of taxes
EUR -6,227.58
Tax
(+/-)
EUR -1,511,932.70
Annual surplus / annual deficit
EUR 3,272,504.95
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 80.12 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
PRA |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
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 |
|
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 |
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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.