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MIRA
INFORM REPORT
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Report No. : |
512133 |
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Report Date : |
30.05.2018 |
IDENTIFICATION DETAILS
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Name : |
KOCOS MESSTECHNIK AG |
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Registered Office : |
Südring 42, D 34497 Korbach |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
20.08.1997 |
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Com. Reg. No.: |
HRB 477 |
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Legal Form : |
Public limited company |
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Line of Business : |
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Manufacture of instruments and appliances for
measuring, testing and navigation ·
Installation of machines and equipment n.e.c. ·
Other software development activities |
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No. of Employees : |
67 |
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: KoCoS Messtechnik AG
Company Status: active
Südring 42
D 34497 Korbach
Telephone: 05631/95960
Telefax: 05631/9596-15
Homepage: www.kocos.com
E-mail: info@kocos.com
VAT no.: DE812303226
Tax ID number: 025 237 45659
COMPANY SUMMARY
Legal Form Public limited company
Date of foundation: 20.08.1997
Registered on: 14.10.1997
Commercial Register: Local court 34497 Korbach
under: HRB 477
Share capital: EUR 576,000.00
Shareholder:
Thomas Becker
Am Taubenrain 1
D 34497 Korbach
born: 07.05.1962
Share: 93.000 %
Shareholder:
Frank Richter
D 35104 Lichtenfels
born: 16.11.1963
Share: 5.000 %
Shareholder:
Martin Krämer
D 34513 Waldeck
born: 20.05.1966
Share: 2.000 %
President of the Board of Directors:
Thomas Becker
Am Taubenrain 1
D 34497 Korbach
having sole power of representation
born: 07.05.1962
Profession: graduate engineer
Marital status: married
President of the Supervisory Board:
Reinhard Bohlig
Briloner Landstr. 14
D 34497 Korbach
born: 16.12.1946
Profession: Solicitor
Marital status: unknown
Vice-president of the Supervisory Board:
Prof. Dr. Christian Rehtanz
Emil-Figge-Str. 70
D 44227 Dortmund
born: 15.11.1976
Profession: high school teacher
Marital status: unknown
Member of the Supervisory Board:
Ulrike Becker
Am Taubenrain 1
D 34497 Korbach
Profession: Housewife
Marital status: unknown
Proxy:
Frank Richter
D 35104 Lichtenfels
authorized to jointly represent the company
born: 16.11.1963
Proxy:
Martin Krämer
D 34513 Waldeck
authorized to jointly represent the company
born: 20.05.1966
Proxy:
Manuel Schütz
D 35104 Lichtenfels
authorized to jointly represent the company
born: 29.03.1985
Further functions/participations of Thomas Becker (President of
the Board of Directors)
Manager:
KoCoS Optical Measurement GmbH
Döbereinerstr. 22
D 99427 Weimar
Legal form: Private limited company
Share capital: EUR 26,400.00
Registered
on: 31.03.2014
Reg. data: 07745 Jena, HRB 510059
Manager:
KoCoS Engineering GmbH
Südring 42
D 34497 Korbach
Legal form: Private limited company
Share capital: EUR 50,000.00
Registered
on: 29.06.2006
Reg. data: 34497 Korbach, HRB 1534
Manager:
KoCoS Automation GmbH
Döbereinerstr. 22
D 99427 Weimar
Legal form: Private limited company
Share capital: EUR 30,000.00
Registered
on: 08.03.2012
Reg. data: 07745 Jena, HRB 507736
Manager:
KoCoS audentec GmbH
Döbereinerstr. 22
D 99427 Weimar
Legal form: Private limited company
Share capital: EUR 75,000.00
Registered
on: 14.04.2014
Reg. data: 07745 Jena, HRB 510111
Member of the Supervisory Board:
INTEG Integrationsbetrieb für Behinderte
Gesellschaft mit beschränkter Haftung
Groppendiek 2
D 33014 Bad Driburg
Legal form: Private limited company
Share capital: EUR 52,000.00
Registered
on: 19.09.1975
Reg. data: 33098 Paderborn, HRB 4384
RESIGNED ACTING PERSONS AND SHAREHOLDERS
01.10.2007 - 11.12.2015 Vice-president of the Supervisory Board
Eckart Hardegen
Am Fischerweg 7
D 34497 Korbach
03.05.2004 - 11.12.2015 President of the Supervisory Board
Klaus Udo Schwarze
Am Taubenrain 5
D 34497 Korbach
BUSINESS ACTIVITIES
Main industrial sector
26511 Manufacture of instruments and appliances for measuring, testing and navigation
33200 Installation of machines and equipment n.e.c.
62019 Other software development activities
PARTICIPATIONS
Shareholder:
KoCoS audentec GmbH
Döbereinerstr. 22
D 99427 Weimar
Legal form: Private limited company
Company Status: active
Share capital: EUR 75,000.00
Share: EUR 75,000.00
Reg. data: 14.04.2014
Local court 07745 Jena
HRB 510111
Shareholder:
KoCoS Engineering GmbH
Südring 42
D 34497 Korbach
Legal form: Private limited company
Company Status: active
Share capital: EUR 50,000.00
Share: EUR 43,750.00
Reg. data: 29.06.2006
Local court 34497 Korbach
HRB 1534
Shareholder:
KoCoS Automation GmbH
Döbereinerstr. 22
D 99427 Weimar
Legal form: Private limited company
Company Status: active
Share capital: EUR 30,000.00
Share: EUR 30,000.00
Reg. data: 08.03.2012
Local court 07745 Jena
HRB 507736
Shareholder:
KoCoS Optical Measurement GmbH
Döbereinerstr. 22
D 99427 Weimar
Legal form: Private limited company
Company Status: active
Share capital: EUR 26,400.00
Share: EUR 19,800.00
Reg. data: 31.03.2014
Local court 07745 Jena
HRB 510059
FINANCIAL INFORMATION
Payment experience: Regular
Negative information: We have no negative information at hand.
Balance sheet year: 2016
REAL ESTATE
Type of ownership: Tenant
Address Südring 42
D 34497 Korbach
Real Estate of: Thomas Becker
Type of ownership: proprietor
Share: 100.00 %
Address Südring 42
D 34497 Korbach
Type of real estate: office building
Year of construction: 1996
Value at selling price: EUR 2,000,000.00
Real Estate of: Thomas Becker
Type of ownership: proprietor
Share: 100.00 %
Address Am Taubenrain 1
D 34497 Korbach
Value at selling price: EUR 128,000.00
Land register documents were not available.
BANKERS
COMMERZBANK, 34481 KORBACH
Sort. code: 52040021, Account no.: 331071100
BIC: COBADEFFXXX, IBAN: DE19520400210331071100
WALDECKER BANK, 34487 KORBACH
Sort. code: 52360059, Account no.: 10510
BIC: GENODEF1KBW, IBAN: DE68523600590000010510
FINANCIAL FIGURES
Gross profit or
loss:2016 EUR 4,458,765.00
Profit: 2016 EUR 771,510.00
Equipment: EUR 27,463.00
Ac/ts
receivable:
EUR 4,066,332.00
Liabilities: EUR 1,403,755.00
Real estate of the
firm: EUR 20,241.00
Employees:
67
BALANCE SHEETS
Balance sheet ratios
01.01.2016 - 31.12.2016
Equity ratio
[%]: 69.09
Liquidity ratio: 4.47
Return on total
capital [%]: 12.27
Balance sheet ratios
01.01.2015 - 31.12.2015
Equity ratio
[%]: 63.92
Liquidity
ratio: 2.91
Return on total
capital [%]: -50.98
Balance sheet ratios
01.01.2014 - 31.12.2014
Equity ratio
[%]: 73.81
Liquidity
ratio: 3.99
Return on total
capital [%]: 2.45
Balance sheet ratios
01.01.2013 - 31.12.2013
Equity ratio
[%]: 64.49
Liquidity
ratio: 1.65
Return on total
capital [%]: 6.53
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 6,426,091.08
Fixed assets EUR 695,951.47
Intangible assets EUR 277,009.07
Other / unspecified
intangible assetsEUR
277,009.07
Tangible assets EUR 95,601.00
Land / similar
rights EUR 20,241.00
Plant / machinery EUR 47,897.00
Other tangible assets /
fixtures and
fittings EUR 27,463.00
Financial assets EUR 323,341.40
Shares in
participations /
subsidiaries and the
like EUR 323,341.40
Shares in related
companies EUR 323,341.40
Current assets EUR 5,717,543.61
Stocks EUR 1,152,896.90
Accounts receivable EUR 4,066,331.64
Amounts due from
related companies EUR 2,896,906.91
Other debtors and
assets EUR 1,169,424.73
Investments in current
assets EUR 4,311.98
Other investments EUR 4,311.98
Liquid means EUR 494,003.09
Remaining other
assets EUR 12,596.00
Accruals (assets) EUR 12,596.00
LIABILITIES EUR 6,426,091.08
Shareholders' equity EUR 4,482,290.56
Capital EUR 576,000.00
Subscribed capital
(share capital) EUR 576,000.00
Reserves EUR 3,134,780.17
Retained earnings /
revenue reserves EUR
3,134,780.17
Balance sheet
profit/loss (+/-) EUR 771,510.39
Annual surplus / annual
deficit EUR 771,510.39
Provisions EUR 540,045.07
Liabilities EUR 1,403,755.45
Financial debts EUR 1,031,250.00
Liabilities due to
banks EUR 1,031,250.00
Other liabilities EUR 372,505.45
Liabilities due to
investee companiesEUR
149,337.37
Unspecified other
liabilities EUR 223,168.08
PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Gross result (+/-) EUR 4,458,765.19
Staff expenses EUR 2,701,902.91
Wages and salaries EUR 2,200,319.56
Social security
contributions and
expenses for pension
plans and
benefits EUR 501,583.35
Total depreciation EUR 153,927.11
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 153,927.11
Other operating
expenses EUR 1,067,303.02
Operating result from
continuing
operations EUR 535,632.15
Result from participating
interests
(+/-) EUR 222,376.84
Expenses / income from
participations EUR 222,376.84
Income from related
companies EUR
222,376.84
Interest result
(+/-) EUR 97,406.27
Interest and similar
income EUR 128,042.91
thereof from related
companies EUR 127,543.86
Interest and similar
expenses EUR 30,636.64
Financial result
(+/-) EUR 319,783.11
Result from ordinary
operations (+/-) EUR 855,415.26
Income tax / refund of
income tax (+/-)EUR -81,325.07
Other taxes / refund of
taxes EUR -2,579.80
Tax (+/-) EUR -83,904.87
Annual surplus / annual
deficit EUR 771,510.39
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 5,647,106.75
Fixed assets EUR 763,785.99
Intangible assets EUR 296,585.00
Other / unspecified
intangible assetsEUR
296,585.00
Tangible assets EUR 143,859.59
Land / similar
rights EUR 22,653.00
Plant / machinery EUR 70,074.00
Other tangible assets /
fixtures and
fittings EUR 51,132.59
Financial assets EUR 323,341.40
Shares in participations
/
subsidiaries and the
like EUR 323,341.40
Shares in related
companies EUR 323,341.40
Current assets EUR 4,865,842.66
Stocks EUR 1,057,005.89
Accounts receivable EUR 3,252,445.79
Amounts due from
related companies EUR 1,929,648.01
Other debtors and
assets EUR 1,322,797.78
Investments in current
assets EUR 123,318.63
Other investments EUR 123,318.63
Liquid means EUR 433,072.35
Remaining other
assets EUR 17,478.10
Accruals (assets) EUR 17,478.10
LIABILITIES EUR 5,647,106.75
Shareholders' equity EUR 3,710,780.17
Capital EUR 576,000.00
Subscribed capital (share
capital) EUR 576,000.00
Reserves EUR 3,134,780.17
Retained earnings /
revenue reserves EUR
3,134,780.17
Provisions EUR 432,300.00
Liabilities EUR 1,504,026.58
Financial debts EUR 1,406,250.00
Liabilities due to
banks EUR 1,406,250.00
Other liabilities EUR 97,776.58
Liabilities due to
investee companiesEUR
15,306.07
Unspecified other
liabilities EUR 82,470.51
PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Gross result (+/-) EUR 3,803,112.17
Staff expenses EUR 2,749,707.48
Wages and salaries EUR 2,272,992.12
Social security
contributions and
expenses for pension
plans and
benefits EUR 476,715.36
Total depreciation EUR 2,615,646.63
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 102,294.46
Depreciation on current assets
(+/-) EUR 2,513,352.17
Other operating
expenses EUR 1,183,273.84
Operating result from
continuing
operations EUR -2,745,515.78
Interest result
(+/-) EUR 104,813.47
Interest and similar
income EUR 144,331.15
thereof from related
companies EUR 107,936.07
Interest and similar
expenses EUR 39,517.68
Other financial
result EUR -123,015.26
Depreciation on
financial assets and
marketable
securities EUR 123,015.26
Financial result
(+/-) EUR -18,201.79
Result from ordinary
operations (+/-) EUR -2,763,717.57
Income tax / refund of
income tax (+/-)EUR 30,043.81
Other taxes / refund of
taxes EUR -2,164.00
Tax (+/-) EUR 27,879.81
Annual surplus / annual
deficit EUR -2,735,837.76
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 67.82 |
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|
1 |
INR 90.17 |
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Euro |
1 |
INR 78.70 |
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Yen |
1 |
INR 0.62 |
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 : |
SYL |
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 |
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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.