MIRA
INFORM REPORT
|
Report Date : |
05.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
GASCOGNE LAMINATES GERMANY GMBH |
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Registered Office : |
Rurstr. 58 D 52441 Linnich |
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Country : |
Germany |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
13.03.1984 |
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Com. Reg. No.: |
HRB 3891 |
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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 : |
153 |
RATING & COMMENTS
|
MIRAs Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
> 250,000 EUR |
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Status : |
Good |
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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 September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
Company name and address
Gascogne Laminates
Germany GmbH
Company
Status: active
Main address:
Rurstr. 58
D 52441 Linnich
Telephone:02462/79-0
Telefax: 02462/792951
Homepage: www.pkl.de
E-mail: info@sopalpkl.com
VAT no.
DE811114322
Tax ID number
213/5703/0260
CONCLUSION
The company is
considered solvent for credits within its scope of business.
Registration data
LEGAL FORM Private
limited company
Date of
foundation: 1984
Shareholders'
agreement: 16.01.1984
Registered
on: 13.03.1984
Commercial
Register: Local court 52349 Dόren
under: HRB
3891
Share capital
EUR 5,113,000.00
Shareholder
Sopal S.A.S.
Rue Louis Blanc PBP 78
F 40102 DAX Cedix
Legal form: Other legal form
Share: EUR 5,113,000.00
Manager:
Wolfhard Fischer
D 52441 Linnich
born: 14.09.1947
Proxy:
Frank Radmacher
D 52445 Titz
authorized to jointly represent the company
born: 15.12.1969
COMPANY HISTORY
13.03.1984 -
30.12.1993 Berner Verpackungsmittel GmbH
Brόckδckerstr. 26
D 74523 Schwδbisch
Hall
Private limited
company
01.01.1994 -
04.04.1996 PKL Flexpack GmbH
Brόckδckerstr. 26
D 74523 Schwδbisch
Hall
Private limited
company
11.03.2003 -
02.03.2004 PKL Flexible Verpackungen
GmbH
Rurstr. 58
D 52441 Linnich
Private limited
company
02.03.2004 -
14.03.2007 SOPAL PKL Flexible
Verpackungen GmbH
Rurstr. 58
D 52441 Linnich
Private limited
company
BUSINESS ACTIVITIES
Sectors
17210 Manufacture of corrugated paper and
paperboard and of
containers of
paper and paperboard
FINANCIAL INFORMATION
Payment
experience: takes advantage of cash
discount
Negative
information:We have no negative information at hand.
Maximum
credit: > 250,000 EUR
Balance sheet
year: 2010
REAL ESTATE
Type of
ownership: Tenant
Address Rurstr. 58
D 52441 Linnich
Land register
documents were not available.
BANKERS
Principal bank
DEUTSCHE BANK,
DάSSELDORF
Sort. code:
30070010, Account no.: 3350063, BIC: DEUTDEDDXXX
FINANCIAL FIGURES
Turnover: 2010 EUR 34,952,063.00
Profit: 2010 EUR 80,258.00
Equipment: EUR 2,584,433.00
Ac/ts
receivable:
EUR 4,213,510.00
Liabillities: EUR 4,884,859.00
Total numbers of
vehicles:
5
- Passenger
cars:
1
Employees:
153
- thereof permanent
staff:
140
- Part-time
employees:
13
BALANCE SHEETS
Balance sheet
ratios 01.01.2010 - 31.12.2010
Equity ratio
[%]: 64.24
Liquidity
ratio: 1.07
Return on total
capital [%]: 0.55
Balance sheet
grade: 2.3
Balance sheet
ratios 01.01.2009 - 31.12.2009
Equity ratio
[%]: 68.87
Liquidity
ratio: 2.55
Return on total
capital [%]: 4.73
Balance sheet
grade: 1.7
Balance sheet
ratios 01.01.2008 - 31.12.2008
Equity ratio
[%]: 68.88
Liquidity
ratio: 4.48
Return on total
capital [%]: 6.77
Balance sheet
grade: 1.5
Balance sheet
ratios 01.01.2007 - 31.12.2007
Equity ratio
[%]: 67.88
Liquidity
ratio: 9.58
Return on total
capital [%]: 9.25
Balance sheet
grade: 1.4
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.
Balance sheet
grade
The balance sheet
grade is based on the following ratios: equity
ratio, liquidity
ratio and return on total capital from the
balance sheets
published in the Federal Gazette.
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 20,758,411.29
Fixed assets EUR 6,679,956.44
Tangible assets EUR 6,679,956.44
Land / similar rights EUR 298,613.00
Plant / machinery EUR 3,796,910.00
Other tangible assets / fixtures and
fittings EUR 2,584,433.44
Current assets EUR 14,018,046.34
Stocks EUR 8,859,628.30
Raw materials, consumables and
supplies EUR 3,011,114.98
Finished goods / work in progress EUR
5,848,513.32
Accounts receivable EUR 4,213,510.52
Trade debtors EUR 3,594,831.59
Amounts due from related companies EUR 62,010.90
Other debtors and assets EUR 556,668.03
Liquid means EUR 944,907.52
Remaining other assets EUR 60,408.51
Accruals (assets) EUR 6,262.19
Other assets EUR 54,146.32
LIABILITIES EUR 20,758,411.29
Shareholders' equity EUR 13,336,191.13
Capital EUR 5,113,000.00
Subscribed capital (share capital) EUR 5,113,000.00
Reserves EUR 2,518,615.93
Capital reserves EUR 2,518,615.93
Balance sheet profit/loss (+/-) EUR 5,704,575.20
Profit / loss brought forward EUR
5,624,317.06
Annual surplus / annual deficit EUR 80,258.14
Provisions EUR 2,494,053.22
Pension provisions and comparable
provisions EUR 1,870,153.00
Other / unspecified provisions EUR 623,900.22
Liabilities EUR 4,884,859.94
Other liabilities EUR 4,884,859.94
Trade creditors (for IAS incl. bills
of exchange) EUR 4,689,908.29
Liabililties due to related
companiesEUR 107,683.70
Unspecified other liabilities EUR 87,267.95
thereof liabilities from tax /
financial authorities EUR 69,146.73
Other liabilities EUR 43,307.00
Deferrals (liabilities) EUR 43,307.00
Profit and loss
account (cost-summary method) according to Comm.
Code (HGB)
Sales
EUR 34,952,062.92
Inventory change + own costs (+/-) EUR 1,074,690.52
Inventory change (+/-) EUR 1,074,690.52
Other operating income EUR 517,093.61
Cost of materials EUR 23,148,861.22
Raw materials and supplies, purchased
goods EUR 21,497,577.94
Purchased services EUR 1,651,283.28
Gross result (+/-) EUR 13,394,985.83
Staff expenses EUR 7,632,989.37
Wages and salaries EUR 6,364,766.32
Social security contributions and
expenses for pension plans and
benefits EUR 1,268,223.05
Total depreciation EUR 911,279.81
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 911,279.81
Other operating expenses EUR 4,553,333.42
Operating result from continuing
operations EUR 297,383.23
Interest result (+/-) EUR -175,859.26
Interest and similar income EUR 5,828.00
thereof from related companies EUR 2,488.09
Interest and similar expenses EUR 181,687.26
thereof paid to related companies EUR 7,518.82
Other financial result EUR 1,037.02
Income from securities and loans from
financial assets EUR 1,037.02
Financial result (+/-) EUR -174,822.24
Result from ordinary operations (+/-) EUR
122,560.99
Extraordinary expenses EUR 33,696.00
Extraordinary result (+/-) EUR -33,696.00
Other taxes / refund of taxes EUR -8,606.85
Tax (+/-)
EUR -8,606.85
Annual surplus / annual deficit EUR 80,258.14
Type of balance
sheet: Company balance sheet
Financial
year: 01.01.2009 - 31.12.2009
ASSETS EUR 19,247,898.20
Fixed assets EUR 6,638,387.30
Tangible assets EUR 6,497,171.44
Land / similar rights EUR 317,854.00
Plant / machinery EUR 4,170,634.00
Other tangible assets / fixtures and
fittings EUR 2,008,683.44
Financial assets EUR 141,215.86
Securities included in fixed assets EUR
141,215.86
Current assets EUR 12,602,307.42
Stocks EUR 6,004,045.53
Raw materials, consumables and
supplies EUR 1,233,610.39
Finished goods / work in progress EUR
4,770,435.14
Accounts receivable EUR 5,103,599.05
Trade debtors EUR 4,051,813.86
Amounts due from related companies EUR 654,965.54
Other debtors and assets EUR 396,819.65
Liquid means EUR 1,494,662.84
Remaining other assets EUR 7,203.48
Accruals (assets) EUR 7,203.48
LIABILITIES EUR 19,247,898.20
Shareholders' equity EUR 13,255,932.99
Capital EUR 5,113,000.00
Subscribed capital (share capital) EUR
5,113,000.00
Reserves EUR 2,518,615.93
Capital reserves EUR 2,518,615.93
Balance sheet profit/loss (+/-) EUR 5,624,317.06
Profit / loss brought forward EUR 4,713,850.95
Annual surplus / annual deficit EUR 910,466.11
Provisions EUR 2,440,200.08
Pension provisions and comparable
provisions EUR 1,742,471.00
Other / unspecified provisions EUR 697,729.08
Liabilities EUR 3,499,998.13
thereof total due to shareholders EUR 0.00
Other liabilities EUR 3,499,998.13
Trade creditors (for IAS incl. bills
of exchange) EUR 3,344,650.05
Unspecified other liabilities EUR 155,348.08
thereof liabilities from tax /
financial authorities EUR 61,631.00
Other liabilities EUR 51,767.00
Deferrals (liabilities) EUR 51,767.00
Profit and loss
account (cost-summary method) according to Comm.
Code (HGB)
Sales
EUR 31,828,832.56
Inventory change + own costs (+/-) EUR -525,850.32
Inventory change (+/-) EUR -525,850.32
Other operating income EUR 756,929.56
Cost of materials EUR 19,502,066.51
Raw materials and supplies, purchased
goods EUR 17,952,489.45
Purchased services EUR 1,549,577.06
Gross result (+/-) EUR 12,557,845.29
Staff expenses EUR 7,195,012.20
Wages and salaries EUR 5,932,829.30
Social security contributions and
expenses for pension plans and
benefits EUR 1,262,182.90
Total depreciation EUR 517,628.91
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 517,628.91
Other operating expenses EUR 3,982,399.64
Operating result from continuing
operations EUR 862,804.54
Interest result (+/-) EUR 56,754.20
Interest and similar income EUR 56,754.20
Financial result (+/-) EUR 56,754.20
Result from ordinary operations (+/-) EUR
919,558.74
Other taxes / refund of taxes EUR -9,092.63
Tax (+/-) EUR -9,092.63
Annual surplus / annual deficit EUR 910,466.11
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.14 |
|
|
1 |
Rs.83.08 |
|
Euro |
1 |
Rs.69.25 |
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 |
|
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 |
|
<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 SCs 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.