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MIRA
INFORM REPORT
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Report No. : |
510684 |
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Report Date : |
21.05.2018 |
IDENTIFICATION DETAILS
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Name : |
CS CLEAN SYSTEMS AG |
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Registered Office : |
Fraunhoferstr. 4, D 85737 Ismaning |
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Country : |
Germany |
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Financials (as on) : |
30.09.2016 |
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Date of Incorporation : |
22.08.1986 |
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Com. Reg. No.: |
HRB 126904 |
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Legal Form : |
Public Limited Company |
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Line of Business : |
·
Research and development on natural
sciences and engineering ·
General cleaning of buildings ·
Organisation of conventions and trade shows |
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No. of Employees : |
10 |
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 and address
Report on: CS
CLEAN SYSTEMS AG
Fraunhoferstr. 4
D 85737 Ismaning
Company Status: active
Telephone:089/962400-0
Telefax: 089/962400-122
Homepage: www.csclean.com
E-mail: sales@csclean.com
VAT no.: DE129320881
Tax ID number:
143/800/17345
Company summery
LEGAL FORM Public limited company
Date of foundation: 22.08.1986
Registered on: 10.08.1999
Commercial Register: Local
court 80333 München
under: HRB 126904
Share capital: EUR 1,700,000.00
Member of the Board of Directors:
Georg
Lipperer
D 85540
Haar
having
sole power of representation
born: 24.07.1968
Member of the Board of Directors:
Dr.
Karl Eckard Kopatzki
D 85586
Poing
having
sole power of representation
born:
29.07.1960
President of the Supervisory Board:
Dr.
Christoph Scholz
D 83607
Holzkirchen
born:
05.02.1953
Profession: Fully qualified chemist
Marital
status: unknown
Vice-president of the Supervisory Board:
Max
Rueff
D 80331
München
Profession: Businessman
Member of the Supervisory Board:
Dr.
Michael Hoffmann
D 82327
Tutzing
Profession: Solicitor
Marital
status: unknown
Proxy:
Maria
Anna Mayer
D 80333
München
authorized to jointly represent the company
born:
03.10.1948
Proxy:
Stefanie Ullius
D 85737
Ismaning
authorized to jointly represent the company
born:
15.01.1987
Marital
status: single
Further functions/participations of Georg Lipperer (Member of the
Board of Directors)
Manager:
CS
CLEAN A-SOLUTIONS GmbH
Fraunhoferstr. 4
D 85737
Ismaning
Legal
form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 14.11.2016
Reg.
data: 80333 München, HRB 229287
Member of the Board of Directors:
CS CLEAN
SOLUTIONS AG
Fraunhoferstr. 4
D 85737
Ismaning
Legal
form: Public limited company
Share
capital: EUR 51,000.00
Registered
on: 24.11.2014
Reg.
data: 80333 München, HRB 215245
Further functions/participations of Dr. Karl Eckard Kopatzki
(Member of the Board of Directors)
Manager:
CS
Immobilienverwaltungs GmbH
Fraunhoferstr. 4
D 85737
Ismaning
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 01.09.2015
Reg.
data: 80333 München, HRB 220522
Member of the Board of Directors:
CS
CLEAN SOLUTIONS AG
Fraunhoferstr. 4
D 85737
Ismaning
Legal
form: Public limited company
Share
capital: EUR 51,000.00
Registered
on: 24.11.2014
Reg.
data: 80333 München, HRB 215245
COMPANY HISTORY
company name and legal form
02.11.1998 - 09.08.1999 CS
CLEAN SYSTEMS GmbH
Fraunhoferstr. 4
D
85737 Ismaning
Public limited company
20.06.1994 - 01.11.1998 CS
Halbleiter- u. Solartechnologie GmbH
Fraunhoferstr. 4
D
85737 Ismaning
Private limited company
18.09.1986 - 19.06.1994 CS
Halbleiter- u. Solartechnologie GmbH
Gollierstr. 70
D 80339 München
Private limited company
BUSINESS ACTIVITIES
Main industrial sector
721 Research and
development on natural sciences and engineering
81210 General cleaning of
buildings
8230 Organisation of conventions
and trade shows
PARTICIPATIONS
Limited partner:
CS
Metallbau GmbH & Co. KG
Säuritzer Str. West 4-5
D 01906
Burkau
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Company
Status: active
Total
cap. EUR 1,000.00
contribution:
Share: EUR 1,000.00
Reg.
data: 19.11.2013
Local court 01069 Dresden
HRA 8994
Limited partner:
CS
Immobilien Ismaning GmbH & Co. KG
Fraunhoferstr.
4
D 85737
Ismaning
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Company
Status: active
Total
cap. EUR 100.00
contribution:
Share: EUR 100.00
Reg.
data: 03.09.2015
Local court 80333 München
HRA 104276
Shareholder:
CSM
Verwaltungs GmbH
Säuritzer Str. West 4-5
D 01906
Burkau
Legal
form: Private limited company
Company
Status: active
Share
capital: EUR 25,000.00
Share: EUR 25,000.00
Reg.
data: 18.11.2013
Local court 01069 Dresden
HRB 32792
Shareholder:
CS
Immobilienverwaltungs GmbH
Fraunhoferstr. 4
D 85737
Ismaning
Legal
form: Private limited company
Company
Status: active
Share
capital: EUR 25,000.00
Share: EUR 25,000.00
Reg.
data: 01.09.2015
Local court 80333 München
HRB 220522
FINANCIAL INFORMATION
Payment experience: Regular
Negative information:We have no negative information at hand.
Balance sheet year:
2015/2016
REAL ESTATE
Type of ownership:
proprietor
Share: 100.00
%
Address
Fraunhoferstr. 4
D 85737
Ismaning
Land register documents were not available.
BANKERS
DONNER & REUSCHEL, 20095 HAMBURG
Sort. code: 20030300
BIC: CHDBDEHHXXX
COMMERZBANK, 80704 MÜNCHEN
Sort. code: 70040041
BIC: COBADEFFXXX
UNICREDIT BANK - HYPOVEREINSBANK, 80311 MÜNCHEN
Sort. code: 70020270
BIC: HYVEDEMMXXX
FINANCIAL FIGURES
Turnover:
2015/2016 EUR 1,531,899.00
Profit:
2015/2016 EUR 2,485,034.00
Equipment: EUR 80,451.00
Ac/ts receivable: EUR 1,282,524.00
Liabilities: EUR 2,916,651.00
Employees: 10
BALANCE SHEETS
Balance sheet ratios 01.10.2015 - 30.09.2016
Equity ratio [%]:
86.78
Liquidity ratio:
10.00
Return on total capital [%]:
7.82
Balance sheet ratios 01.10.2014 - 30.09.2015
Equity ratio [%]:
83.57
Liquidity ratio:
10.00
Return on total capital [%]:
61.59
Balance sheet ratios 01.09.2014 - 30.09.2014
Equity ratio [%]:
71.77
Liquidity ratio:
10.00
Return on total capital [%]:
1.03
Balance sheet ratios 01.09.2013 - 31.08.2014
Equity ratio [%]:
71.65
Liquidity ratio:
10.00
Return on total capital [%]:
10.82
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.
Financials
Type of balance
sheet: Company
balance sheet
Origin of the present
balance sheet:
electronic German Federal Gazette
Financial year:
01.10.2015 - 30.09.2016
ASSETS EUR 31,763,458.70
Fixed assets EUR 18,711,379.11
Intangible assets EUR 72,838.00
Concessions, licences,
rights EUR 72,838.00
Tangible assets EUR 80,451.00
Other tangible assets /
fixtures and
fittings EUR 80,451.00
Financial assets EUR 18,558,090.11
Shares in participations
/
subsidiaries and the
like EUR 13,887,268.11
Shares in related
companies EUR 13,843,092.45
Shares in investee
companies EUR 44,175.66
Loans to participations /
subsidiaries and the
like EUR 4,670,822.00
Loans to related
companies EUR 4,670,822.00
Current assets EUR 13,045,884.20
Accounts receivable EUR 1,282,524.03
Trade debtors EUR 2,033.66
Amounts due from related
companies EUR 1,054,262.32
Other debtors and
assets EUR 226,228.05
Liquid means EUR 11,763,360.17
Remaining other assets EUR 6,195.39
Accruals (assets) EUR 6,195.39
LIABILITIES EUR 31,763,458.70
Shareholders' equity EUR 27,565,286.92
Capital EUR 1,625,987.00
Subscribed capital (share
capital) EUR 1,700,000.00
thereof not yet paid-up
capital EUR 1,625,987.00
thereof called EUR 1,625,987.00
Other capital EUR -74,013.00
Reserves EUR 2,716,971.80
Capital reserves EUR 2,666,751.80
Retained earnings /
revenue reserves EUR
50,220.00
Balance sheet profit/loss
(+/-) EUR 23,222,328.12
Balance sheet profit /
loss EUR 23,222,328.12
Provisions EUR 1,281,520.99
Pension provisions and
comparable
provisions EUR 700,171.99
Other / unspecified
provisions EUR 581,349.00
Liabilities EUR 2,916,650.79
Financial debts EUR 2,782,780.64
Liabilities due to
banks EUR 2,782,780.64
Other liabilities EUR 133,870.15
Trade creditors (for IAS
incl. bills
of exchange) EUR 37,566.98
Liabililties due to
related companiesEUR
65,999.91
Unspecified other
liabilities EUR 30,303.26
PROFIT AND LOSS ACCOUNT (cost of sales method) according to Comm.
Code (HGB)
Sales EUR 1,531,898.86
Gross result on sales EUR 1,531,898.86
Other operating income EUR 2,982,398.53
Other operating
expenses EUR 2,367,235.79
Operating result from
continuing
operations EUR 2,147,061.60
Result from participating
interests
(+/-) EUR 400,015.47
Expenses / income from
participations EUR 400,015.47
Income from related
companies EUR 400,015.47
Interest result (+/-) EUR -112,849.74
Interest and similar
income EUR 7,700.86
Interest and similar
expenses EUR 120,550.60
Other financial result EUR 147,350.50
Income from securities and
loans from
financial assets EUR 147,350.50
thereof related
companies EUR 147,350.50
Financial result (+/-) EUR 434,516.23
Result from ordinary
operations (+/-) EUR 2,581,577.83
Income tax / refund of
income tax (+/-)EUR -96,543.79
Tax (+/-) EUR -96,543.79
Annual surplus / annual
deficit EUR 2,485,034.04
Type of balance
sheet: Company
balance sheet
Origin of the present
balance sheet:
electronic German Federal Gazette
Financial year:
01.10.2014 - 30.09.2015
ASSETS EUR 61,667,737.05
Fixed assets EUR 11,080,381.77
Intangible assets EUR 117,555.00
Concessions, licences,
rights EUR 117,555.00
Tangible assets EUR 1,035,490.00
Plant / machinery EUR 883,556.00
Other tangible assets /
fixtures and
fittings EUR 151,934.00
Financial assets EUR 9,927,336.77
Shares in participations
/
subsidiaries and the
like EUR 9,519,010.77
Shares in related
companies EUR 9,319,300.11
Shares in investee
companies EUR 199,710.66
Loans to participations /
subsidiaries and the
like EUR 408,326.00
Loans to related
companies EUR 408,326.00
Current assets EUR 50,546,799.24
Stocks EUR 3,520,578.21
Accounts receivable EUR 2,169,925.71
Liquid means EUR 44,856,295.32
Remaining other assets EUR 40,556.04
Accruals (assets) EUR 40,556.04
LIABILITIES EUR 61,667,737.05
Shareholders' equity EUR 51,538,748.44
Capital EUR 6,235,481.00
Subscribed capital (share
capital) EUR 6,900,000.00
Other capital EUR -664,519.00
Reserves EUR 2,716,971.80
Capital reserves EUR 2,666,751.80
Retained earnings /
revenue reserves EUR
50,220.00
Balance sheet profit/loss
(+/-) EUR 42,586,295.64
Balance sheet profit /
loss EUR 42,586,295.64
Provisions EUR 4,510,710.87
Liabilities EUR 5,618,277.74
Financial debts EUR 3,478,484.32
Liabilities due to
banks EUR 3,478,484.32
Other liabilities EUR 2,139,793.42
Trade creditors (for IAS
incl. bills
of exchange) EUR 400,955.11
Unspecified other
liabilities EUR 1,738,838.31
PROFIT AND LOSS ACCOUNT (cost of sales method) according to Comm.
Code (HGB)
Sales EUR 13,016,333.62
Manufacturing costs EUR 6,910,951.41
Gross result on sales EUR 6,105,382.21
Distribution costs EUR 1,520,983.04
General administration
expenses EUR 5,608,237.67
Other operating income EUR 45,964,194.21
Other operating
expenses EUR 1,743,677.17
Operating result from
continuing
operations EUR 43,196,678.54
Result from participating
interests
(+/-) EUR 778,079.73
Expenses / income from
participations EUR 778,079.73
Income from related
companies EUR 778,079.73
Interest result (+/-) EUR -144,735.95
Interest and similar
income EUR 4,690.72
Interest and similar
expenses EUR 149,426.67
Other financial result EUR 13,062.36
Income from securities and
loans from
financial assets EUR 13,062.36
thereof related
companies EUR 13,062.36
Financial result (+/-) EUR 646,406.14
Result from ordinary
operations (+/-) EUR 43,843,084.68
Income tax / refund of
income tax (+/-)EUR -5,860,912.33
Other taxes / refund of
taxes EUR -407.83
Tax (+/-) EUR -5,861,320.16
Annual surplus / annual
deficit EUR 37,981,764.52
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 67.96 |
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|
1 |
INR 91.88 |
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Euro |
1 |
INR 80.26 |
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Euro |
1 |
INR 80.05 |
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 : |
KET |
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 |
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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.