|
Report Date : |
15.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
PAROMED VERTRIEBS GMBH & CO. KG |
|
|
|
|
Registered Office : |
Heft 8 Hubertushof D 83115 Neubeuern |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
30.09.2011 |
|
|
|
|
Date of Incorporation : |
17.07.1997 |
|
|
|
|
Com. Reg. No.: |
HRA 7507 |
|
|
|
|
Legal Form : |
Ltd partnership with priv. ltd. company as general partner |
|
|
|
|
Line of Business : |
Wholesale of medical and orthopedic goods, dental and laboratory supplies |
|
|
|
|
No. of Employees : |
9 |
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 |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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
Paromed Vertriebs GmbH & Co. KG
Company Status: active
Heft 8
Hubertushof
D 83115 Neubeuern
Telephone:08035/9039-0
Telefax: 08035/9039-39
Homepage:
www.paromed.de
E-mail: info@paromed.de
DE813228928
156/172/09605
LEGAL FORM Ltd partnership with priv. ltd. company as
general partner
Date of foundation: 17.07.1997
Registered on: 28.05.2001
Register of
companies: Local court 83278 Traunstein
under: HRA 7507
EUR 40,000.00
Joachim
Rechenberg
Entbach 5
D 83131
Nußdorf
born: 23.11.1953
Share: EUR 16,500.00
Limited partner:
Berthold
Roland Leyerer
Königsseestr.
53
D 83059
Kolbermoor
born:
11.10.1955 in Barbing/Regensburg
Share: EUR 7,500.00
Limited partner:
Erbengemeinschaft Cornelius Rechenberg
D 83098
Brannenburg
Legal form:
Community of heirs
Share: EUR 7,500.00
Limited partner:
Ursula
Frankow-Leyerer
Königsseestr.
53
D 83059
Kolbermoor
born:
21.01.1956
Share: EUR 4,500.00
Limited partner:
Bernd
Wensauer
Fürstätter
Straße 26
D 83059
Kolbermoor
born:
22.12.1947
Share: EUR 4,000.00
General partner:
Paromed
Verwaltungs-GmbH
Heft 8
Hubertushof
D 83115
Neubeuern
Legal form:
Private limited company
Share capital: EUR 25,000.00
Registered
on: 05.04.2001
Reg. data:
83278 Traunstein, HRB 13530
Shareholder:
Erbengemeinschaft Cornelius Rechenberg
D 83098 Brannenburg
Legal form:
Community of heirs
Share: EUR 8,750.00
Shareholder:
Joachim
Rechenberg
Entbach 5
D 83131
Nußdorf
born: 23.11.1953
Share: EUR 8,250.00
Shareholder:
Berthold
Roland Leyerer
Königsseestr.
53
D 83059
Kolbermoor
born:
11.10.1955 in Barbing/Regensburg
Share: EUR 4,750.00
Shareholder:
Bernd
Wensauer
Fürstätter
Straße 26
D 83059
Kolbermoor
born: 22.12.1947
Share: EUR 2,000.00
Shareholder:
Ursula
Frankow-Leyerer
Königsseestr.
53
D 83059
Kolbermoor
born:
21.01.1956
Share: EUR 1,250.00
Manager:
Berthold
Roland Leyerer
Königsseestr.
53
D 83059
Kolbermoor
having sole
power of representation
born:
11.10.1955 in Barbing/Regensburg
Profession:
graduate engineer
Marital
status: married
17.07.1997 - 07.04.1998
gammaphoenicis Beteiligungs GmbH
Elektrastr. 6
D 81925
München
Private
limited company
07.04.1998 - 13.03.2001 Paromed
Vertriebs GmbH
Heft 8
Hubertushof
D 83115
Neubeuern
Private limited company
Sectors
46462 Wholesale of medical and
orthopedic goods, dental and laboratory supplies
General partner:
VABENE GmbH
& Co KG
Heft 8 Hubertushof
D 83115
Neubeuern
Legal form:
Ltd partnership with priv. ltd.
company as general partner
Company
Status: active
Total
cap. EUR 20,000.00
contribution:
Reg.
data: 16.03.2001
Local court 83278 Traunstein
HRA 7455
Shareholder:
Paromed
Medizintechnik GmbH
Heft 8
Hubertushof
D 83115
Neubeuern
Legal form:
Private limited company
Company
Status: active
Share
capital: EUR 255,645.94
Share: EUR 255,645.94
Reg.
data: 17.10.1990
Local court 83278 Traunstein
HRB 6585
Shareholder:
Paromed OrthoCAM GmbH
Heft 8
Hubertushof
D 83115
Neubeuern
Legal form:
Private limited company
Company
Status: active
Share
capital: EUR 25,000.00
Share: EUR 25,000.00
Reg.
data: 19.02.2013
Local court 83278 Traunstein
HRB 22518
Payment experience: within agreed
terms
Negative information:We have no negative information at hand.
Balance sheet year: 2010/2011
Type of ownership: Tenant
Address Hubertushof
Heft 8
D 83115 Neubeuern
Real Estate of: Paromed
Verwaltungs-GmbH
Type of ownership: Tenant
Address Heft 8
Hubertushof
D 83115
Neubeuern
Land register documents were not available.
COMMERZBANK VORMALS DRESDNER BANK, ROSENHEIM, OBERBAY
Sort. code: 71180005, Account no.: 247003200, BIC: DRESDEFF711
UNICREDIT BANK - HYPOVEREINSBANK, ROSENHEIM, OBERBAY
Sort. code: 71120077, Account no.: 6429505, BIC: HYVEDEMM448
UNICREDIT BANK - HYPOVEREINSBANK, ROSENHEIM, OBERBAY
Sort. code: 71120077, Account no.: 862833120, BIC: HYVEDEMM448
BANK AUSTRIA A.S., PRAGUE
Account no.: 51313116401, BIC: BKAUCSPPXXX
Turnover: 2010/2011 EUR 2,800,000.00
Equipment: EUR 54,000.00
Ac/ts
receivable:
EUR 1,668,286.00
Liabilities: EUR 1,466,091.00
Employees:
9
The aforementioned business figures may partly be estimated
information based on average values in the line of business.
Balance
sheet ratios 01.10.2010 - 30.09.2011
Equity
ratio [%]: 68.34
Liquidity
ratio: 1.80
Balance
sheet ratios 01.10.2009 - 30.09.2010
Equity
ratio [%]: 49.51
Liquidity
ratio: 1.13
Balance
sheet ratios 01.10.2008 - 30.09.2009
Equity
ratio [%]: 67.35
Liquidity
ratio: 1.36
Return
on total capital [%]: 5.37
Balance
sheet ratios 01.10.2007 - 30.09.2008
Equity
ratio [%]: 71.62
Liquidity
ratio: 1.43
Return
on total capital [%]: 5.14
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: 01.10.2010 - 30.09.2011
ASSETS EUR 3,305,704.84
Fixed assets EUR 1,545,118.36
Tangible assets EUR 22,195.04
Other / unspecified tangible assets EUR 22,195.04
Financial assets EUR 1,522,923.32
Other / unspecified financial assets
EUR 1,522,923.32
Current assets EUR 1,729,486.69
Stocks EUR 11,700.00
Accounts receivable EUR 1,668,286.46
Other debtors and assets EUR 1,668,286.46
Liquid means EUR 49,500.23
Remaining other assets EUR 31,099.79
Accruals (assets) EUR 31,099.79
LIABILITIES EUR 3,305,704.84
Shareholders' equity EUR 1,769,996.21
Capital EUR 1,769,996.21
Limited partner's capital / capital
of partially liable partner (LP) EUR 1,769,996.21
Provisions EUR 62,100.00
Liabilities EUR 1,466,090.63
Other liabilities EUR 1,466,090.63
Unspecified other liabilities EUR 1,466,090.63
Other liabilities EUR 7,518.00
Deferrals (liabilities) EUR 7,518.00
Type
of balance
sheet: Company balance sheet
Financial
year: 01.10.2009 - 30.09.2010
ASSETS EUR 3,470,202.28
Fixed assets EUR 1,531,690.76
Intangible assets EUR 3,088.80
Other / unspecified intangible
assetsEUR 3,088.80
Tangible assets EUR 28,601.96
Other / unspecified tangible assets EUR 28,601.96
Financial assets EUR 1,500,000.00
Other / unspecified financial assets
EUR 1,500,000.00
Current assets EUR 1,885,795.62
Stocks EUR 17,300.00
Accounts receivable EUR 1,792,456.15
Other debtors and assets EUR 1,792,456.15
Liquid means EUR 76,039.47
Remaining other assets EUR 52,715.90
Accruals (assets) EUR 52,715.90
LIABILITIES EUR 3,470,202.28
Shareholders' equity EUR 1,718,717.67
Capital EUR 1,718,717.67
Limited partner's capital / capital
of partially liable partner (LP) EUR 1,718,717.67
Provisions EUR 77,100.00
Liabilities EUR 1,658,490.61
Other liabilities EUR 1,658,490.61
Unspecified other liabilities EUR 1,658,490.61
Other liabilities EUR 15,894.00
Deferrals (liabilities) EUR 15,894.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.44 |
|
|
1 |
Rs.83.77 |
|
Euro |
1 |
Rs.71.33 |
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.