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Report Date : |
10.09.2012 |
IDENTIFICATION DETAILS
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Name : |
RICHTER FORMTEILE GMBH |
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Registered Office : |
Heidenheimer Str. 14, D 71229 Leonberg |
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Country : |
Germany |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
23.01.2006 |
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Com. Reg. No.: |
HRB 253355 |
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Legal Form : |
Private limited company |
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Line of Business : |
Manufacture of other plastic products |
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No. of Employees : |
05 |
RATING & COMMENTS
|
MIRA’s 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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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
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.
|
Source : CIA |
Richter Formteile GmbH
Heidenheimer Str. 14
D 71229 Leonberg
Telephone: 07152/90171-0
Telefax: 07152/90171-99
Homepage: www.richterformteile.com
E-mail: mail@richterformteile.com
Post Office Box Number: Post Fech 1337-71203 Leonbey Duest&ehland,
Germany
DE813893707
48020/08571
Business relations are permissible.
LEGAL FORM Private limited company
Registered on: 23.01.2006
Commercial Register: Local
court 70190 Stuttgart
under: HRB 253355
Share capital:
EUR 25,000.00
Hans-Ulrich Richter
Widmaierstr. 125
D 70567 Stuttgart
born: 08.06.1953
Share: EUR 12,500.00
Shareholder:
Andreas Stenger
D 75015 Bretten
born: 16.09.1963
Share: EUR 12,500.00
Hans-Ulrich Richter
Widmaierstr. 125
D 70567 Stuttgart
born: 08.06.1953
Profession: Businessman
Marital status: divorced
Manager:
Andreas Stenger
D 75015 Bretten
having sole power of representation
born: 16.09.1963
Further functions/participations
of Hans-Ulrich Richter (Manager)
Proprietor:
Richter Werksvertretungen e.K.
Bruckenbachstr. 40
D
71229 Leonberg
Legal
form: Sole proprietorship
Registered
on: 11.05.2009
Reg.
data: 70190 Stuttgart, HRA 724008
Further
functions/participations of Andreas Stenger (Manager)
Proxy:
SAT
Sommer GmbH
Im Steinernen Kreuz 31
D
75449 Wurmberg
Legal
form: Private limited company
dissolved by official decree
Share
capital: EUR 25,000.00
Registered
on: 09.03.1999
Reg.
data: 68159 Mannheim, HRB 511395
08.09.2005 -
08.02.2006 Richter Formteile GmbH
Mönsheimer
Str. 20
D
71299 Wimsheim
Private limited company
Secondary
industrial sector
22290 Manufacture of other plastic products
Payment experience: within
agreed terms
Negative information: We
have no negative information at hand.
Balance sheet year: 2011
Type of ownership: Tenant
Address Heidenheimer
Str. 14
D 71229 Leonberg
Land register documents were not available.
LANDESBANK BADEN-WÜRTTEMBERG/BADEN-WÜRTTEMBERGISCHE BANK,
STUTTGART
Sort. code: 60050101,
Account no.: 8969174, BIC: SOLADEST600
Turnover: 2011 EUR 575,000.00
Profit: 2010 EUR 15,043.00
2011 EUR 37,189.00
further business figures:
Equipment: EUR 45,000.00
Ac/ts receivable: EUR 252,564.00
Liabilities: EUR 224,497.00
Total numbers of vehicles: 1
Employees:
5
The
aforementioned business figures may partly be estimated information based on
average values in the line of business.
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 30.60
Liquidity ratio: 1.14
Return on total capital [%]: 10.20
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 21.94
Liquidity ratio: 1.02
Return on total capital [%]: 4.44
Balance
sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 18.03
Liquidity ratio: 1.09
Return on total capital [%]: -0.37
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 23.14
Liquidity ratio: 1.29
Return on total capital [%]: 21.90
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: 01.01.2011 - 31.12.2011
ASSETS EUR 364,438.85
Fixed assets
EUR 33,073.00
Tangible assets EUR 33,073.00
Other / unspecified tangible assets
EUR 33,073.00
Current assets
EUR 329,972.76
Stocks
EUR 75,256.19
Accounts receivable
EUR 252,564.06
Other debtors and assets
EUR 252,564.06
Liquid means
EUR 2,152.51
Remaining other assets
EUR 1,393.09
Accruals (assets)
EUR 1,393.09
LIABILITIES EUR 364,438.85
Shareholders' equity
EUR 111,535.99
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR 86,535.99
Profit / loss brought forward
EUR 49,347.11
Annual surplus / annual deficit
EUR 37,188.88
Provisions
EUR 28,406.00
Liabilities
EUR 224,496.86
Other liabilities
EUR 224,496.86
Unspecified other liabilities
EUR 224,496.86
thereof liabilities from tax /
financial authorities
EUR 37,396.25
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS
EUR 338,896.09
Fixed assets
EUR 30,802.00
Tangible assets
EUR 30,802.00
Other / unspecified tangible assets
EUR 30,802.00
Current
assets EUR 307,844.09
Stocks
EUR 44,242.00
Accounts receivable
EUR 263,324.66
Other debtors and assets
EUR 263,324.66
Liquid means
EUR 277.43
Remaining other assets
EUR 250.00
Accruals (assets)
EUR 250.00
LIABILITIES EUR 338,896.09
Shareholders' equity
EUR 74,347.11
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR 49,347.11
Profit / loss brought forward
EUR 34,303.75
Annual surplus / annual deficit
EUR 15,043.36
Provisions
EUR 6,641.86
Liabilities EUR 257,907.12
Other liabilities
EUR 257,907.12
Unspecified other liabilities
EUR 257,907.12
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.52 |
|
UK Pound |
1 |
Rs.88.49 |
|
Euro |
1 |
Rs.70.20 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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 |
|
---- |
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.