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MIRA INFORM REPORT
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Report No. : |
507874 |
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Report Date : |
16.05.2018 |
IDENTIFICATION DETAILS
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Name : |
MEDITIP-MEDICAL
MTM GMBH |
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Registered Office : |
Rathausplatz
14 D 46359 Heiden |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
04.07.2013 |
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Com. Reg. No.: |
HRB 15055 |
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Legal Form : |
Private limited company |
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Line of Business : |
Subject
is engaged in Manufacutre of technical instruments and supplies for medical
purposes n.e.c. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
C |
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Credit Rating |
Explanation |
Rating Comments |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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 and address
MediTip-Medical
MTM GmbH
Company Status: active
Rathausplatz 14
D 46359 Heiden
Telephone:02867/212910
Telefax:
02867/2129199
Homepage: www.meditip-medical.de
E-mail:
info@meditip-medical.de
VAT no.: DE290595307
CONCLUSION
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 04.07.2013
Shareholders'
agreement: 04.07.2013
Registered on: 30.04.2014
Commercial Register: Local court 48653 Coesfeld
under: HRB
15055
Share capital: EUR 25,000.00
Shareholder:
Fatma Köhne
Nausdorfer Weg 14
D 48734 Reken
born: 13.09.1964
Share: EUR 12,500.00
Shareholder:
Chaudhry Albrecht
Gandower Weg 13
D 48734 Reken
born: 01.01.1961
Share: EUR 7,625.00
Shareholder:
Jürgen Köhne
Nausdorfer Weg 14
D 48734 Reken
born: 23.06.1966
Share: EUR 3,625.00
Shareholder:
Manfred Seysen
Tassilostr. 2
D 82166 Gräfelfing
born: 11.04.1937
Share: EUR 1,250.00
Manager:
Jürgen Köhne
Nausdorfer Weg 14
D 48734 Reken
having sole power of
representation
born: 23.06.1966
Profession: Businessman
Further functions/participations of Jürgen
Köhne (Manager)
General partner:
Jürgen Köhne, Dirk
Ewering und Frank
Niewerth
Nausdorfer Weg 14
D 48734 Reken
Legal form: Partnership
under the Civil Code
Limited partner:
Grundstücksgesellschaft
Zimmerstraße 14,
Potsdam mbH & Co. KG
Kurfürstendamm 90
D 10709 Berlin
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 25,000.00
contribution:
Share: EUR 5,000.00
Registered
on: 29.03.2012
Reg. data: 14057 Berlin, HRA 46572 B
Shareholder:
EASTIMPEX GmbH
Nausdorfer Weg 14
D 48734 Reken
Legal form: Private
limited company
insolvent
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 18.10.2007
Reg. data: 40227 Düsseldorf, HRB 57361
Shareholder:
Agro-Terra Hamburg GmbH
Landwirtschaftshandel
Tollerortweg 3
D 20457 Hamburg
Legal form: Private
limited company
Share capital: EUR 1,500,000.00
Share: EUR 3,000.00
Registered
on: 19.06.2003
Reg. data: 20355 Hamburg, HRB 87584
Manager:
EASTIMPEX GmbH
Nausdorfer Weg 14
D 48734 Reken
Legal form: Private
limited company
insolvent
Share capital: EUR 25,000.00
Registered
on: 18.10.2007
Reg. data: 40227 Düsseldorf, HRB 57361
COMPANY
HISTORY
company name and legal form
22.12.2016 - 31.01.2018 MediTip-Medical MTM GmbH
Velener Str. 1
D 46359 Heiden
Private limited
company
30.04.2014 - 22.12.2016 MediTip medical MTM GmbH
Velener Str. 1
D 46359 Heiden
Private limited company
19.07.2013 - 30.04.2014 MediTip medical MTM GmbH
Mannesmannufer 5
D 40213 Düsseldorf
Private limited
company
BUSINESS
ACTIVITIES
Main industrial sector
32501
Manufacutre of technical instruments and supplies for
medical purposesn.e.c.
46184 Agents involved in the sale of
pharmaceutical goods,
medical and orthopedic goods, laborary
supplies, medical and
dental supplies, dental instruments
46462 Wholesale of medical and orthopedic goods,
dental and
laboratory supplies
4774 Retail sale of medical and orthopedic
arcticles
FINANCIAL
INFORMATION
Payment experience: Slow
Events Index: 2
At present, the following
events are known:
Event: When:
Change address last 180 days
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 Rathausplatz
14
D 46359 Heiden
Land register documents were not available.
BANKERS
Principal bank
SPAR- UND DARLEHNSKASSE, 48729 REKEN
Sort. code: 42861239
BIC: GENODEM1RKN
FINANCIAL FIGURES
Liabilities: EUR 1,476,393.00
The number of employees is not known.
BALANCE SHEETS
Balance sheet ratios 01.01.2016 -
31.12.2016(1)
Equity ratio [%]: -206.29
Liquidity ratio: 0.26
Return on total capital [%]: -67.88
Balance sheet ratios 01.01.2015 -
31.12.2015(1)
Equity ratio [%]: -175.00
Liquidity ratio: 0.24
Return on total capital [%]: -93.65
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: -190.42
Liquidity ratio: 0.03
Return on total capital [%]: -170.29
Balance sheet ratios 04.07.2013 -
31.12.2013(1)
Equity ratio [%]: -48.90
Liquidity ratio: 0.39
(1) The depth of balance sheet suggests that
the company, as a
so-called micro-entity in accordance with art.
267a German
Commercial Code, has availed itself of the
facilitations of the
German Micro-Entities Amending Account Law
(MicBilG) This is why
it is possible that the resultant reduction of
the depth of
presentation in the annual accounts may entail
deviating
calculation methods of the respective balance
sheet ratios and
thus to an altered Solvency Rating [NG] and/or
balance sheet
grade.
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: micro balance sheet
Origin of the present
balance sheet: Other
Financial year: 01.01.2016 - 31.12.2016 (2)
ASSETS EUR 1,491,592.86
Fixed assets EUR 94,060.00
Current assets EUR 386,272.98
Remaining other assets EUR 1,011,259.88
Accruals (assets) EUR 6,653.57
Deficit not covered by shareholders'
equity EUR 1,004,606.31
LIABILITIES EUR 1,491,592.86
Shareholders' equity EUR 0.00
Provisions EUR 15,200.00
Liabilities EUR
1,476,392.86
Type of balance
sheet: micro balance sheet
Origin of the present
balance sheet: Other
Financial year: 01.01.2015 - 31.12.2015 (2)
ASSETS EUR 1,059,182.12
Fixed assets EUR 126,266.00
Current assets EUR 250,025.58
Remaining other assets EUR 682,890.54
Accruals (assets) EUR 8,866.89
Deficit not covered by shareholders'
equity EUR 674,023.65
LIABILITIES EUR 1,059,182.12
Provisions EUR 5,700.00
Liabilities EUR 1,053,482.12
(2) The abbreviated depth of presentation of
the annual accounts
may be atributed to application of regulations
within the German
Micro-Entities Amending Accounting Law.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 67.52 |
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|
1 |
INR 91.48 |
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Euro |
1 |
INR 80.52 |
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Euro |
1 |
INR 80.38 |
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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VIV |
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Report Prepared
by : |
DNS |
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
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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.