|
|
|
MIRA
INFORM REPORT
|
Report No. : |
510685 |
|
Report Date : |
21.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
SPECTRO
ANALYTICAL INSTRUMENTS GMBH |
|
|
|
|
Registered Office : |
Boschstr. 10D 47533 Kleve |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
08.04.1997 |
|
|
|
|
Com. Reg. No.: |
HRB 1876 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
·
Manufacture of instruments and appliances for
measuring, testing and navigation ·
Wholesale of other equipment and accessories for machinery
and technical supplies. |
|
|
|
|
No. of Employees : |
274 |
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 : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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
SPECTRO
Analytical Instruments GmbH
Company
Status: active
Boschstr. 10
D 47533 Kleve
Telephone:02821/892-0
Telefax:
02821/892-2200
Homepage: www.spectro.de
E-mail:
spectro.info@ametek.com
VAT
no.: DE196424280
Tax
ID number: 116/5700/3643
LEGAL
FORM Private limited company
Date
of foundation: 08.04.1997
Shareholders'
agreement: 08.04.1997
Registered
on: 09.03.1998
Commercial
Register: Local court 47533 Kleve
under: HRB
1876
Share
capital:
EUR 290,500.00
Shareholder:
AMETEK Material Analysis
Holdings GmbH
Boschstr. 10
D 47533 Kleve
Legal form: Private
limited company
Share capital: EUR 28,000.00
Share: EUR 290,500.00
Registered on: 09.12.2008
Reg. data: 47533 Kleve,
HRB 9403
Profit transfer agreement
Manager:
Dr. Jens Christoph Mätzig
D 47798 Krefeld
having sole power of
representation
born: 01.09.1965
Marital status: unknown
Manager:
Rolf Bernd Singendonk
D 47533 Kleve
born: 01.05.1958
Manager:
Michael Privik
D 47559 Kranenburg
born: 06.03.1965
Proxy:
Rainer Petry
D 47574 Goch
having sole power of
representation
born: 11.01.1960
Further
functions/participations of Dr. Jens Christoph Mätzig
(Manager)
Manager:
Ametek Grundbesitz GmbH
Boschstr. 10
D 47533 Kleve
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 01.12.2006
Reg. data: 47533 Kleve, HRB 8399
Manager:
AMETEK Material Analysis
Holdings GmbH
Boschstr. 10
D 47533 Kleve
Legal form: Private limited
company
Share capital: EUR 28,000.00
Registered
on: 09.12.2008
Reg. data: 47533 Kleve, HRB 9403
Manager:
AMETEK European Holdings
GmbH
Boschstr. 10
D 47533 Kleve
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 06.07.2014
Reg. data: 47533 Kleve, HRB 12909
Further
functions/participations of Rolf Bernd Singendonk
(Manager)
Manager:
Ametek Grundbesitz GmbH
Boschstr. 10
D 47533 Kleve
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 01.12.2006
Reg. data: 47533 Kleve, HRB 8399
Manager:
AMETEK Material Analysis
Holdings GmbH
Boschstr. 10
D 47533 Kleve
Legal form: Private
limited company
Share capital: EUR 28,000.00
Registered
on: 09.12.2008
Reg. data: 47533 Kleve, HRB 9403
Manager:
AMETEK European Holdings
GmbH
Boschstr. 10
D 47533 Kleve
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 06.07.2014
Reg. data: 47533 Kleve, HRB 12909
Further
functions/participations of Michael Privik (Manager)
Proxy:
AMETEK Material Analysis
Holdings GmbH
Boschstr. 10
D 47533 Kleve
Legal form: Private
limited company
Share capital: EUR 28,000.00
Registered
on: 09.12.2008
Reg. data: 47533 Kleve, HRB 9403
COMPANY HISTORY
company
name and legal form
09.03.1998
- 16.11.2008 SPECTRO Beteiligungs GmbH
Boschstr. 10
D 47533 Kleve
Private limited
company
03.12.1997
- 09.03.1998 SPECTRO Beteiligungs GmbH
Klopstockstr. 5
D 65187 Wiesbaden
Private limited
company
08.04.1997
- 02.12.1997 JFVG Zweiundneunzigste
Vermögensverwaltungsgesellschaft mbH
Klopstockstr. 5
D 65187 Wiesbaden
Private limited
company
RESIGNED
ACTING PERSONS AND SHAREHOLDERS
24.06.2009
- 05.07.2016 Manager
Manfred Andreas
Bergsch
Kiebitzweg 30
D 47533 Kleve
BUSINESS ACTIVITIES
Main
industrial sector
2651 Manufacture of instruments and appliances
for measuring,
testing
and navigation
46693 Wholesale of other equipment and accessories
for
machinery
and technical supplies
Secondary
industrial sector
64200 Activities of holding companies
Average
risk of default: 1.6 %
FINANCIAL INFORMATION
Payment
experience: Regular
REAL
ESTATE
Type
of ownership: unknown
Address Boschstr.
10
D 47533 Kleve
Land
register documents were not available.
BANKERS
COMMERZBANK
VORMALS DRESDNER BANK, 47512 KLEVE
Sort.
code: 32080010
BIC:
DRESDEFF320
COMMERZBANK,
47511 KLEVE
Sort.
code: 32440023
BIC:
COBADEFFXXX
FINANCIAL FIGURES
Turnover: 2016 EUR 97,295,026.00
Profit: 2016 EUR 33,712,740.00
Equipment: EUR 1,646,918.00
Ac/ts
receivable:
EUR 25,273,057.00
Liabilities: EUR 11,511,662.00
Real
estate of the firm:
EUR 2,023,215.00
Employees:
274
-
Trainees:
19
Profit
transfer agreement to:
AMETEK Material Analysis
Holdings GmbH
Boschstr. 10
D 47533 Kleve
BALANCE SHEETS
Balance
sheet ratios 01.01.2016 - 31.12.2016
Equity
ratio [%]: 53.91
Liquidity
ratio: 1.85
Return
on total capital [%]: 102.37
Balance
sheet ratios 01.01.2015 - 31.12.2015
Equity
ratio [%]: 47.06
Liquidity
ratio: 1.26
Return
on total capital [%]: 82.61
Balance
sheet ratios 01.01.2014 - 31.12.2014
Equity
ratio [%]: 84.20
Liquidity
ratio: 10.00
Return
on total capital [%]: 22.11
Balance
sheet ratios 01.01.2013 - 31.12.2013
Equity
ratio [%]: 83.82
Liquidity
ratio: 9.57
Return
on total capital [%]: 29.96
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 50,030,503.48
Fixed assets EUR 11,348,126.80
Intangible assets EUR 336,584.28
Concessions, licences, rights EUR 336,584.28
Tangible assets EUR 3,626,484.94
Land / similar rights EUR 1,883,109.30
Plant / machinery EUR 88,484.02
Other tangible assets / fixtures and
fittings EUR 1,646,918.46
Advance payments made / construction
in progress EUR 7,973.16
Financial assets EUR 7,385,057.58
Shares in participations /
subsidiaries and the like EUR 6,390,057.58
Shares in related companies EUR 5,502,304.30
Shares in investee companies EUR 887,753.28
Loans to participations /
subsidiaries and the like EUR 995,000.00
Loans
to related companies EUR 995,000.00
Current assets EUR 38,570,497.97
Stocks EUR 6,213,451.33
Raw materials, consumables and
supplies EUR 2,846,616.14
Finished goods / work in progress EUR
3,366,835.19
Accounts receivable EUR 25,273,057.28
Amounts due from shareholders EUR 17,098,000.00
Trade debtors EUR 6,746,365.72
Amounts due from related companies EUR 849,487.84
Amounts due from investee companies EUR
477,556.35
Other debtors and assets EUR 101,647.37
Liquid means EUR 7,083,989.36
Remaining other assets EUR 111,878.71
Accruals (assets) EUR 111,878.71
LIABILITIES EUR 50,030,503.48
Shareholders' equity EUR 34,851,066.80
Capital EUR 290,500.00
Subscribed capital (share capital) EUR 290,500.00
Reserves EUR 31,086,808.32
Capital reserves EUR 31,078,627.59
Retained earnings / revenue reserves
EUR 8,180.73
Balance sheet profit/loss (+/-) EUR 3,473,758.48
Profit / loss brought forward EUR 3,473,758.48
Provisions EUR 3,666,405.00
Other / unspecified provisions EUR 3,666,405.00
Liabilities EUR 11,511,661.68
Other liabilities EUR 11,511,661.68
Trade creditors (for IAS incl. bills
of exchange) EUR 8,881,684.14
Liabilities from received advance
payments EUR 1,218,581.61
Liabililties due to related
companiesEUR 926,117.74
Unspecified other liabilities EUR 485,278.19
thereof liabilities from tax /
financial authorities EUR 215,360.18
thereof liabilities from social
security EUR 26,835.50
Other liabilities EUR 1,370.00
Deferrals (liabilities) EUR 1,370.00
PROFIT
AND LOSS ACCOUNT (cost of sales method) according to Comm.
Code
(HGB)
Sales EUR 97,295,026.20
Manufacturing costs EUR 39,652,954.48
Gross result on sales EUR 57,642,071.72
Distribution costs EUR 17,749,933.97
General administration expenses EUR 5,089,312.90
Research and development costs EUR 4,406,621.41
Other operating income EUR 2,082,745.20
Operating result from continuing
operations EUR 31,131,145.80
Result from participating interests
(+/-) EUR 2,047,523.77
Expenses / income from participations
EUR 2,047,523.77
Income from related companies EUR 2,047,523.77
Interest result (+/-) EUR 581,328.57
Interest and similar income EUR 607,479.05
thereof from related companies EUR 604,567.79
Interest and similar expenses EUR 26,150.48
Financial result (+/-) EUR 2,628,852.34
Result from ordinary operations (+/-) EUR
33,759,998.14
Expenses for transfer of profits to a
parent company EUR 33,712,740.38
Income tax / refund of income tax
(+/-)EUR -767.76
Other taxes / refund of taxes EUR -46,490.00
Tax (+/-) EUR -47,257.76
Annual surplus / annual deficit EUR 0.00
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
52,572,232.41
Fixed assets EUR 12,011,819.50
Intangible assets EUR 483,317.61
Concessions, licences, rights EUR 483,317.61
Tangible assets EUR 3,920,058.27
Land / similar rights EUR 1,808,620.74
Plant / machinery EUR 109,235.90
Other tangible assets / fixtures and
fittings EUR 1,850,667.42
Advance payments made / construction
in progress EUR 151,534.21
Financial assets EUR 7,608,443.62
Shares in participations /
subsidiaries and the like EUR
6,505,443.62
Shares in related companies EUR 5,617,690.34
Shares in investee companies EUR 887,753.28
Loans to participations /
subsidiaries and the like EUR 1,103,000.00
Loans to related companies EUR 1,103,000.00
Current assets EUR 40,446,715.68
Stocks EUR 6,302,313.10
Raw materials, consumables and
supplies EUR 3,030,347.93
Finished goods / work in progress EUR
3,271,965.17
Accounts receivable EUR 26,675,371.07
Trade debtors EUR 6,096,085.20
Amounts due from related companies EUR
20,237,205.30
Amounts due from investee companies EUR
225,221.39
Other debtors and assets EUR 116,859.18
Liquid means EUR 7,469,031.51
Remaining other assets EUR 113,697.23
Accruals (assets) EUR 113,697.23
LIABILITIES EUR 52,572,232.41
Shareholders' equity EUR 34,851,066.80
Capital EUR 290,500.00
Subscribed capital (share capital) EUR 290,500.00
Reserves EUR 31,086,808.32
Capital reserves EUR 31,078,627.59
Retained earnings / revenue reserves
EUR 8,180.73
Balance sheet profit/loss (+/-) EUR 3,473,758.48
Profit / loss brought forward EUR 3,473,758.48
Provisions EUR 4,246,799.00
Other / unspecified provisions EUR 4,246,799.00
Liabilities EUR 13,471,626.61
Other liabilities EUR 13,471,626.61
Trade creditors (for IAS incl. bills
of exchange) EUR 9,614,304.07
Liabilities from received advance
payments EUR 1,139,776.30
Liabililties due to related
companiesEUR 2,358,993.39
Unspecified other liabilities EUR 358,552.85
thereof liabilities from tax /
financial authorities EUR 199,288.14
thereof liabilities from social
security EUR 28,069.80
Other liabilities EUR 2,740.00
Deferrals (liabilities) EUR 2,740.00
PROFIT
AND LOSS ACCOUNT (cost of sales method) according to Comm.
Code
(HGB)
Sales EUR 100,542,546.55
Manufacturing costs EUR 44,709,808.04
Gross result on sales EUR 55,832,738.51
Distribution costs EUR 19,122,164.76
General administration expenses EUR
5,272,921.01
Research and development costs EUR 4,936,650.20
Depreciation (not included in
manufacturing costs) EUR 2,452,353.19
Other operating income EUR 4,500,024.84
Other operating expenses EUR 2,193,022.45
Operating result from continuing
operations EUR 26,355,651.74
Result from participating interests
(+/-) EUR 2,384,824.78
Expenses / income from participations
EUR 2,384,824.78
Income from related companies EUR 2,384,824.78
Interest result (+/-) EUR -1,021,939.73
Interest and similar income EUR 92,987.36
thereof from related companies EUR 92,987.36
Interest and similar expenses EUR 1,114,927.09
thereof paid to related companies EUR
1,089,181.20
Financial result (+/-) EUR 1,362,885.05
Result from ordinary operations (+/-) EUR
27,718,536.79
Expenses for transfer of profits to a
parent company EUR 27,651,457.32
Income tax / refund of income tax
(+/-)EUR -28,547.94
Other taxes / refund of taxes EUR -38,531.53
Tax (+/-) EUR -67,079.47
Annual surplus / annual deficit EUR 0.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 67.95 |
|
|
1 |
INR 91.87 |
|
Euro |
1 |
INR 80.27 |
|
Euro |
1 |
INR 80.00 |
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.