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Report Date : |
10.12.2012 |
IDENTIFICATION DETAILS
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Name : |
PILLER INDUSTRIEVENTILATOREN GMBH |
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Registered Office : |
Nienhagener Str. 6 D 37186 Moringen |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
10.06.1996 |
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Reg. No.: |
HRB 130362 |
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Legal Form : |
Private limited company |
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Line of Business : |
Manufacture of non-domestic cooling and ventilation |
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No. of Employees : |
267 |
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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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
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
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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 |
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 |
PILLER INDUSTRIEVENTILATOREN GMBH
Company Status: active
Nienhagener Str. 6
D 37186 Moringen
Telephone:05554/2010
Telefax: 05554/201141
Homepage: www.piller.de
E-mail: info@piller.de
VAT no.: DE180905657
LEGAL FORM Private limited company
Date of foundation: 1996
Begin of business
activities: 1996
Shareholders'
agreement: 30.04.1996
Registered on: 10.06.1996
Commercial Register: Local court 37073 Göttingen
under: HRB 130362
Share capital: EUR 4,000,000.00
Shareholder:
Bernd Klostermann
Zaunkönigweg 8
D 44789 Bochum
born: 21.02.1944
Share: EUR 2,600,000.00
Shareholder:
Nils Englund
Fuchsbreite 16
D 37181 Hardegsen
born: 10.04.1953
Share: EUR 1,400,000.00
Manager:
Nils Englund
Fuchsbreite 16
D 37181 Hardegsen
having sole power of representation
born: 10.04.1953
Proxy:
Hans-Joachim Ring
D 37434 Gieboldehausen
authorized to jointly represent the company
Proxy:
Thomas Psyk
Mühlenstr. 4
D 37181 Hardegsen
born: 14.04.1965
Marital status: married
Proxy:
Joachim Schmitz
D 37520 Osterode
authorized to jointly represent the company
born: 21.01.1959
Proxy:
Dirk Hartmann
D 57319 Bad Berleburg
authorized to jointly represent the company
born: 17.02.1956
Proxy:
Günter Heese
D 37154 Northeim
born: 26.05.1955
Proxy:
Dr. Steffen Kuberczyk
D 37124 Rosdorf
authorized to jointly represent the company
born: 18.06.1965
Further functions/participations of Nils Englund (Manager)
Manager:
PillAerator GmbH
Nienhagener Str. 6
D 37186 Moringen
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 06.09.2012
Reg. data: 37073 Göttingen, HRB 201918
30.04.1996 - 2005 Piller Industrieventilatoren GmbH
Nienhagener Str. 4-6
D 37186 Moringen
Private limited company
Main industrial sector
28250 Manufacture of non-domestic cooling and ventilation equipment
3312 Repair of machinery
Secondary industrial sector
46692 Wholesale of other machinery
Shareholder:
PillAerator GmbH
Nienhagener Str. 6
D 37186 Moringen
Legal form: Private limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 06.09.2012
Local court 37073 Göttingen
HRB 201918
Payment experience: within agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2010
Type of ownership: proprietor
Share: 100.00 %
Address Nienhagener Str. 6
D 37186 Moringen
Land register documents were not available.
Principal banks
BANKHAUS LAMPE, HAMBURG
Sort. code: 48020151, BIC: LAMPDEDDXXX
DEUTSCHE BANK, OSTERODE AM HARZ
Sort. code: 27070034, BIC: DEUTDE2H274
KREIS-SPARKASSE NORTHEIM, NORTHEIM
Sort. code: 26250001, BIC: NOLADE21NOM
Gross profit or
loss:2010 EUR 18,887,124.00
2011 EUR 19,000,000.00
Profit: 2010 EUR 142,683.00
further business
figures:
Equipment: EUR 1,840,000.00
Ac/ts
receivable:
EUR 10,130,295.00
Liabilities: EUR 13,226,379.00
Total numbers of
vehicles:
5
- Passenger
cars:
5
Employees:
267
- thereof permanent
staff:
219
- Part-time employees: 22
- Trainees:
26
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 26.92
Liquidity ratio: 0.77
Return on total capital [%]: 0.81
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 32.54
Liquidity ratio: 0.65
Return on total capital [%]: -0.37
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 26.05
Liquidity ratio: 0.84
Return on total capital [%]: 5.27
Balance sheet ratios 01.01.2007 - 31.12.2007
Equity ratio [%]: 29.32
Liquidity ratio: 1.00
Return on total capital [%]: 5.08
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 20,106,633.69
Fixed assets EUR 5,017,443.96
Intangible assets EUR 222,124.00
Other / unspecified intangible
assetsEUR 222,124.00
Tangible assets EUR 4,073,085.80
Other / unspecified tangible assets EUR
4,073,085.80
Financial assets EUR 722,234.16
Other / unspecified financial assets
EUR 722,234.16
Current assets EUR 14,989,594.31
Stocks EUR 4,706,526.42
Accounts receivable EUR 10,130,294.50
Other debtors and assets EUR 10,130,294.50
Liquid means EUR 152,773.39
Remaining other assets EUR 99,595.42
Accruals (assets) EUR 99,595.42
LIABILITIES EUR 20,106,633.69
Shareholders' equity EUR 5,494,054.62
Capital EUR 4,000,000.00
Subscribed capital (share capital) EUR
4,000,000.00
Reserves EUR 353,763.72
Capital reserves EUR 353,763.72
Balance sheet profit/loss (+/-) EUR 1,140,290.90
Profit / loss brought forward EUR 997,608.00
Annual surplus / annual deficit EUR 142,682.90
Provisions EUR 1,386,200.00
Liabilities EUR 13,226,379.07
Other liabilities EUR 13,226,379.07
Unspecified other liabilities EUR 13,226,379.07
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Gross result (+/-) EUR 18,887,124.30
Staff expenses EUR 10,438,341.31
Wages and salaries EUR 8,662,393.42
Social security contributions and
expenses for pension plans and
benefits EUR 1,775,947.89
Total depreciation EUR 729,168.47
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 729,168.47
Other operating expenses EUR 6,859,422.49
Operating result from continuing
operations EUR 860,192.03
Interest result (+/-) EUR -599,973.51
Interest and similar income EUR 66,279.89
thereof from related companies EUR 22,561.74
Interest and similar expenses EUR 666,253.40
Financial result (+/-) EUR -599,973.51
Result from ordinary operations (+/-) EUR
260,218.52
Extraordinary expenses EUR 19,503.00
Extraordinary result (+/-) EUR -19,503.00
Income tax / refund of income tax
(+/-)EUR -76,486.01
Other taxes / refund of taxes EUR -21,546.61
Tax (+/-) EUR -98,032.62
Annual surplus / annual deficit EUR 142,682.90
Type
of balance
sheet: Company balance sheet
Financial
year: 01.01.2009 - 31.12.2009
ASSETS EUR 16,238,818.43
Fixed assets EUR 5,132,293.46
Intangible assets EUR 199,506.00
Other / unspecified intangible
assetsEUR 199,506.00
Tangible assets EUR 4,210,553.30
Other / unspecified tangible assets EUR
4,210,553.30
Financial assets EUR 722,234.16
Other / unspecified financial assets
EUR 722,234.16
Current assets EUR 11,000,153.22
Stocks EUR 4,494,881.86
Accounts receivable EUR 5,761,824.92
Other debtors and assets EUR
5,761,824.92
Liquid means EUR 743,446.44
Remaining other assets EUR 106,371.75
Accruals (assets) EUR 106,371.75
LIABILITIES EUR 16,238,818.43
Shareholders' equity EUR 5,351,371.72
Capital EUR 4,000,000.00
Subscribed capital (share capital) EUR
4,000,000.00
Reserves EUR 353,763.72
Capital reserves EUR 353,763.72
Balance sheet profit/loss (+/-) EUR 997,608.00
Profit / loss brought forward EUR 1,056,799.08
Annual surplus / annual deficit EUR -59,191.08
Provisions EUR 1,316,499.00
Liabilities EUR 9,570,947.71
Other liabilities EUR 9,570,947.71
Unspecified other liabilities EUR 9,570,947.71
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Gross result (+/-) EUR 20,372,510.71
Staff expenses EUR 11,402,916.42
Wages and salaries EUR 9,428,689.93
Social security contributions and
expenses for pension plans and
benefits EUR 1,974,226.49
Total depreciation EUR 657,239.71
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 657,239.71
Other operating expenses EUR 7,763,077.14
Operating result from continuing
operations EUR 549,277.44
Interest result (+/-) EUR -568,603.81
Interest and similar income EUR 20,785.89
thereof from related companies EUR
8,771.32
Interest and similar expenses EUR 589,389.70
Financial result (+/-) EUR -568,603.81
Result from ordinary operations (+/-) EUR
-19,326.37
Income tax / refund of income tax (+/-)EUR -17,827.53
Other taxes / refund of taxes EUR -22,037.18
Tax (+/-) EUR -39,864.71
Annual surplus / annual deficit EUR -59,191.08
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.20 |
|
|
1 |
Rs.86.99 |
|
Euro |
1 |
Rs.70.22 |
INFORMATION DETAILS
|
Report
Prepared by : |
SDA |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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 |
-- |
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.