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Report Date : |
07.12.2012 |
IDENTIFICATION DETAILS
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Name : |
TS-VERPACKUNG HANDELSGESELLSCHAFT MBH |
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Registered Office : |
Vor der Hecke 7 D 34355 Staufenberg |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
10.03.1980 |
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Reg. No.: |
Local court 37073 Göttingen |
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Legal Form : |
Private limited company |
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Line of Business : |
Manufacture of corrugated paper and
paperboard and of containers of paper and paperboard |
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No. of Employees : |
28 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
233,500
EUR |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – June 30th, 2012
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Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
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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 |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
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 declining 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 growth in 2006 and 2007 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 - and its decrease to 6.0% in 2011. GDP contracted 5.1% in 2009 but grew by 3.6% in 2010, and 2.7% in 2011. The recovery was attributable primarily to rebounding manufacturing orders and exports - increasingly outside the Euro Zone. Germany's central bank projects that GDP will grow 0.6% in 2012, a reflection of the worsening euro-zone financial crisis and the financial burden it places on Germany as well as falling demand for German exports. Domestic demand is therefore becoming a more significant driver of Germany's economic expansion. Stimulus and stabilization efforts initiated in 2008 and 2009 and tax cuts introduced in Chancellor Angela MERKEL's second term increased Germany's budget deficit to 3.3% in 2010, but slower spending and higher tax revenues reduce the deficit to 1.7% in 2011, below the EU's 3% limit. 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. 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 hopes to replace nuclear power with renewable energy. Before the shutdown of the eight reactors, Germany relied on nuclear power for 23% of its energy and 46% of its base-load electrical production.
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Source : CIA |
TS-VERPACKUNG HANDELSGESELLSCHAFT MBH
Company
Status: active
Vor der Hecke 7
D 34355 Staufenberg
Telephone:05543/94170
Telefax: 05543/941750
Homepage: www.ts-verpackung.de
E-mail:
info@ts-verpackung.de
VAT no.: DE189150505
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 10.03.1980
Begin of business
activities: 10.03.1980
Shareholders'
agreement: 10.03.1980
Registered on: 06.11.1997
Commercial Register: Local court 37073
Göttingen
under: HRB
112411
Share capital: EUR 300,000.00
Shareholder:
Klaus Scheinhütte
Molkenbrunnenweg 25
D 34346 Hann. Münden
born: 08.02.1951
Share: EUR 300,000.00
Manager:
Klaus Scheinhütte
Molkenbrunnenweg 25
D 34346 Hann. Münden
having sole power of
representation
born: 08.02.1951
Profession: Businessman
Marital status: married
Proxy:
Karl-Heinz Scheinhütte
D 34346 Hann. Münden
having sole power of
representation
Profession: Businessman
Marital status: married
Proxy:
Hartmut Ring
D 34346 Hann. Münden
authorized to jointly
represent the company
10.03.1980 - 1995 TS-Verpackung Handelsgesellschaft mbH
(HRB 3681)
Forstfeldstr. 12
D 34123 Kassel
Private limited company
Main industrial sector
17210 Manufacture of corrugated
paper and paperboard and of containers of paper and paperboard
2229 Manufacture of other
plastic products
46154 Agents involved in the
sale of iron, metal and plastic goods n.e.c.
4618 Agents involved in the
sale of other goods
Branch:
TS-Verpackung
Handelsgesellschaft mbH
Freigerichtstr. 12
D 61194 Niddatal
Payment experience: cash discount/within agreed terms
Negative information:We have no negative
information at hand.
Maximum
credit: 233,500 EUR
Balance sheet year: 2010
Type of ownership: proprietor
Share: 100.00
%
Address Vor
der Hecke 7
D 34355 Staufenberg
Real Estate of: Klaus
Scheinhütte
Type of ownership: proprietor
Share: 100.00 %
Address Molkenbrunnenweg
25
D 34346 Hann. Münden
Land register documents were not available.
Principal banks
KREIS- UND STADTSPARKASSE MÜNDEN, HANN. MÜNDEN
Sort. code: 26051450, BIC: NOLADE21HMU
POSTBANK, FRANKFURT AM MAIN
Sort. code: 50010060, BIC: PBNKDEFFXXX
Turnover:
2010 EUR 4,666,500.00
2011 EUR 4,666,500.00
further business figures:
Equipment: EUR 205,000.00
Ac/ts receivable: EUR 756,168.00
Liabilities: EUR 2,779,420.00
Total numbers of vehicles: 12
Employees: 28
-
thereof permanent staff: 28
The aforementioned business figures may
partly be estimated information based on average values in the line of
business.
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 38.59
Liquidity ratio: 0.29
Return on total capital [%]: 4.31
Balance sheet grade: 2.7
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 35.17
Liquidity ratio: 0.22
Return on total capital [%]: 4.57
Balance sheet grade: 2.8
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 30.76
Liquidity ratio: 0.17
Return on total capital [%]: 7.34
Balance sheet grade: 3.0
Balance sheet ratios 01.01.2007 - 31.12.2007
Equity ratio [%]: 25.40
Liquidity ratio: 0.21
Return on total capital [%]: 4.31
Balance sheet grade: 3.2
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
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 4,885,646.74
Fixed assets
EUR 1,880,625.16
Intangible assets
EUR 7,089.00
Other / unspecified intangible assetsEUR 7,089.00
Tangible assets
EUR 1,873,536.16
Other / unspecified tangible assets
EUR 1,873,536.16
Current assets
EUR 2,979,041.98
Stocks
EUR 2,089,174.25
Accounts receivable
EUR 756,167.62
Other debtors and assets
EUR 756,167.62
Liquid means EUR 133,700.11
Remaining other assets
EUR 25,979.60
Accruals (assets)
EUR 25,979.60
LIABILITIES EUR 4,885,646.74
Shareholders' equity
EUR 1,887,588.69
Capital
EUR 300,000.00
Subscribed capital (share capital)
EUR 300,000.00
Reserves
EUR 1,027,512.30
Capital
reserves EUR 27,512.30
Retained earnings / revenue reserves EUR 1,000,000.00
Balance sheet profit/loss (+/-)
EUR 560,076.39
Balance sheet profit / loss
EUR 560,076.39
Items between shareholders' equity and
debt capital
EUR 79,283.87
Allowances / bonuses
EUR 79,283.87
Provisions
EUR 139,354.66
Liabilities
EUR 2,779,419.52
Other liabilities
EUR 2,779,419.52
Unspecified other liabilities
EUR 2,779,419.52
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2009 - 31.12.2009
ASSETS EUR 4,768,099.34
Fixed assets
EUR 1,781,929.59
Intangible assets
EUR 1,224.50
Other
/ unspecified intangible assetsEUR
1,224.50
Tangible assets
EUR 1,780,705.09
Other / unspecified tangible assets
EUR 1,780,705.09
Current assets
EUR 2,948,407.47
Stocks
EUR 2,239,618.36
Accounts receivable
EUR 600,379.83
Other debtors and assets
EUR 600,379.83
Liquid means
EUR 108,409.28
Remaining other assets
EUR 37,762.28
Accruals (assets)
EUR 37,762.28
LIABILITIES EUR 4,768,099.34
Shareholders' equity EUR 1,677,128.59
Capital
EUR 300,000.00
Subscribed capital (share capital)
EUR 300,000.00
Reserves
EUR 627,512.30
Capital reserves EUR 27,512.30
Retained earnings / revenue reserves EUR 600,000.00
Balance sheet profit/loss (+/-)
EUR 749,616.29
Balance sheet profit / loss
EUR 749,616.29
Items between shareholders' equity and
debt capital
EUR 81,987.02
Allowances / bonuses
EUR 81,987.02
Provisions
EUR 131,735.98
Liabilities EUR 2,877,247.75
Other liabilities
EUR 2,877,247.75
Unspecified other liabilities
EUR 2,877,247.75
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.54.46 |
|
|
1 |
Rs.87.63 |
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Euro |
1 |
Rs.71.11 |
INFORMATION DETAILS
|
Report
Prepared by : |
SDA |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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 and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.