MIRA INFORM REPORT

 

 

Report No. :

510606

Report Date :

21.05.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

PRÜFTECHNIK CONDITION MONITORING GMBH

 

 

Registered Office :

Oskar-Messter-Str. 19-21 D 85737 Ismaning

 

 

Country :

Germany

 

 

Date of Incorporation :

30.08.1999

 

 

Com. Reg. No.:

HRB 145655

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Subject is engaged in Retail sale of electrical household appliances.

 

 

No. of Employees :

Not Available

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

A

 

Credit Rating

Explanation

Rating Comments

A

Acceptable Risk

Business dealings permissible with moderate risk of default

 

Status :

Satisfactory

 

 

Payment Behaviour :

Slow but Correct

 

 

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

 

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

Germany

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

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.

 

Source : CIA

 

Company name and address

 

Prüftechnik Condition Monitoring GmbH

 

Company Status:                      active

                                                Oskar-Messter-Str. 19-21

                                                D 85737 Ismaning

                                                Telephone:089/99616-0

                                                Telefax:  089/996161-200

                                                Homepage: www.pruftechnik.com/de

                                                E-mail:   info@pruftechnik.com

 

 

LEGAL FORM                           Private limited company

Date of foundation:                   30.08.1999

Shareholders'

agreement:                                30.07.2002

Registered on:                          10.12.2002

Commercial Register:                Local court 80333 München

under:                                                   HRB 145655

 

Share capital:                          EUR             25,000.00

 

Shareholder:

                     Prüftechnik Dieter Busch Aktiengesellschaft

                     Oskar-Messter-Str. 19-21

                     D 85737 Ismaning

                     Post Box:

                     12 63

                     Legal form: Public limited company

                     Share capital:       EUR                 2,633,153.19

                     Share:                  EUR                 25,000.00

                     Registered on: 29.10.1992

                     Reg. data: 80333 München, HRB 100556

                     Profit transfer agreement

Manager:

                     Sebastian Busch

                     Törringstr. 4

                     D 81675 München

                     having sole power of representation

                     born: 21.01.1975

Manager:

                     Dr. Thomas Rohe

                     D 73441 Bopfingen

                     having sole power of representation

                     born: 12.11.1966

 

Further functions/participations of Sebastian Busch (Manager)

Member of the Board of Directors:

                     Prüftechnik Dieter Busch Aktiengesellschaft

                     Oskar-Messter-Str. 19-21

                     D 85737 Ismaning

                     Post Box:

                     12 63

                     Legal form: Public limited company

                     Share capital:     EUR          2,633,153.19

                     Registered

                     on:         29.10.1992

                     Reg. data:  80333 München, HRB 100556

 

Further functions/participations of Dr. Thomas Rohe (Manager)

Member of the Board of Directors:

                     Prüftechnik Dieter Busch Aktiengesellschaft

                     Oskar-Messter-Str. 19-21

                     D 85737 Ismaning

                     Post Box:

                     12 63

                     Legal form: Public limited company

                     Share capital:     EUR          2,633,153.19

                     Registered

                     on:         29.10.1992

                     Reg. data:  80333 München, HRB 100556

 

 

COMPANY HISTORY

 

company name and legal form

30.08.1999 - 10.12.2002  Prüftechnik Dieter Busch Condition

                         Monitoring GmbH & Co.KG

                         Oskar Meßter Str. 19-21

                         D 85737 Ismaning

                         Ltd partnership with priv. ltd. company

                         as general partner

 

 

BUSINESS ACTIVITIES

 

Main industrial sector

47540   Retail sale of electrical household appliances

 

 

 

FINANCIAL INFORMATION

 

Payment experience:  Slow but Correct

 

 

REAL ESTATE

 

Type of ownership:   Tenant

Address              Oskar-Messter-Str. 19-21

                     D 85737 Ismaning

 

Real Estate of:      Prüftechnik Dieter Busch Aktiengesellschaft

Type of ownership:   Tenant

Address              Oskar-Messter-Str. 19-21

                     D 85737 Ismaning

 

Land register documents were not available.

 

 

BANKERS

 

COMMERZBANK, 80704 MÜNCHEN

Sort. code: 70040041

BIC: COBADEFFXXX

 

 

FINANCIAL FIGURES

 

Financial year:      01.01. - 31.12.

Share capital:                          EUR             25,000.00

The number of employees is not known.

 

Profit transfer agreement to:

                     Prüftechnik Dieter Busch Aktiengesellschaft

                     Oskar-Messter-Str. 19-21

                     D 85737 Ismaning

                     Post Box:

                     12 63

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 67.95

UK Pound

1

INR 91.87

Euro

1

INR 80.27

Euro

1

INR 79.95

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

NIS

 

 

Report Prepared by :

DNS

 

 

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)

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.