|
Report Date : |
13.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
JRS
PHARMA GMBH & CO. KG |
|
|
|
|
Registered Office : |
Holzmühle
1 D 73494 Rosenberg |
|
|
|
|
Country : |
Germany |
|
|
|
|
Date of Incorporation : |
19.11.2003 |
|
|
|
|
Com. Reg. No.: |
HRA
510394 |
|
|
|
|
Legal Form : |
Ltd
partnership with priv. ltd. company as general partner |
|
|
|
|
Line of Business : |
Non-specialized
wholesale of raw materials and half-finished and finished goods |
|
|
|
|
No. of Employees : |
120 |
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 6.5% in 2012. GDP contracted
5.1% in 2009 but grew by 4.2% in 2010, and 3.0% in 2011, before dipping to 0.7%
in 2012 - a reflection of low investment spending due to crisis-induced
uncertainty and the decreased demand for German exports from recession-stricken
periphery countries. Stimulus and stabilization efforts initiated in 2008 and
2009 and tax cuts introduced in Chancellor Angela MERKEL's second term
increased Germany's total budget deficit - including federal, state, and
municipal - to 4.1% in 2010, but slower spending and higher tax revenues
reduced the deficit to 0.8% in 2011. In 2012 Germany reached a budget surplus
of 0.1%. 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 though the target was already reached in 2012. By 2014, the federal
government wants to balance its budget. 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 electricity generating capacity and 46%
of its base-load electricity production.
Source
: CIA
JRS Pharma GmbH & Co. KG
Company Status: active
Holzmühle 1
D
73494 Rosenberg
Telephone:07967/152312
Telefax: 07967/152345
Homepage: www.jrspharma.de
E-mail: info@jrspharma.de
DE813833020
50079/20065
Business relations are
permissible. The company is considered
solvent for credits within
its scope of business.
LEGAL FORM Ltd
partnership with priv. ltd. company as
general partner
Date of foundation: 2003
Registered on: 19.11.2003
Register of
companies: Local
court 89073 Ulm
under: HRA
510394
EUR 1,000,000.00
Josef
Rettenmaier Holding GmbH & Co.KG
Holzmühle 1
D
73494 Rosenberg
Legal form: Ltd partnership
with priv. ltd.
company as general partner
Total
cap. EUR 6,000,000.00
contribution:
Share: EUR 1,000,000.00
Registered on: 17.12.1996
Reg.
data: 89073 Ulm, HRA 510272
General partner:
JRS
Pharma Verwaltung GmbH
Holzmühle 1
D 73494
Rosenberg
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered on: 22.09.2003
Reg.
data: 89073 Ulm, HRB 510579
Shareholder:
JRS Pharma GmbH & Co.
KG
Holzmühle 1
D
73494 Rosenberg
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total cap. EUR 1,000,000.00
contribution:
Share: EUR 25,000.00
Registered on: 19.11.2003
Reg.
data: 89073 Ulm, HRA 510394
Manager:
Josef
Otto Rettenmaier
Holzmühle 6
D
73494 Rosenberg
having
sole power of representation
born:
22.01.1961
Profession: Businessman
Manager:
Richard Salzer
Ulrichstr. 8
D
73479 Ellwangen
having
sole power of representation
born:
09.04.1945
Profession:
Manager
Marital status: married
General partner:
JR
Beteiligungs KG
Holzmühle 1
D
73494 Rosenberg
Legal
form: Limited partnership
Total cap. EUR 2,000.00
contribution:
Registered on: 28.12.2004
Reg.
data: 89073 Ulm, HRA 510408
General partner:
Johanna Rettenmaier
Holzmühle 4
D
73494 Rosenberg
born:
17.03.1931
née:
Strasser
Marital status: married
Limited partner:
Rebecka Rettenmaier
D
73494 Rosenberg
born:
10.11.1967
Share: EUR 1,000.00
Limited partner:
Daniela Rettenmaier
D
73494 Rosenberg
born: 11.10.1964
Share: EUR 1,000.00
FURTHER FUNCTIONS/PARTICIPATIONS OF JR
BETEILIGUNGS KG (GENERAL PARTNER)
General partner:
Hahn
GmbH & Co. KG
Am
Bahnhof 1
D
24796 Bredenbek
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 1,000,000.00
contribution:
Registered
on: 23.01.1997
Reg.
data: 24114 Kiel, HRA 3695 KI
General partner:
J.
Rettenmaier & Söhne GmbH + Co KG
Holzmühle 1
D
73494 Rosenberg
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 1,100,000.00
contribution:
Registered
on: 27.12.1972
Reg.
data: 89073 Ulm, HRA 510028
General partner:
Günter
Springer Spanholz GmbH & Co. KG
Nikolaus-Otto-Str. 3-5
D
28816 Stuhr
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 500,000.00
contribution:
Registered
on: 27.08.1998
Reg.
data: 29664 Walsrode, HRA 110498
General partner:
Microcellulose Weißenborn GmbH & Co KG
Freiberger Str. 7
D
09600 Weißenborn
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 1,000,000.00
contribution:
Registered
on: 08.12.1993
Reg.
data: 09112 Chemnitz, HRA 586
General partner:
Parismonia GmbH & Co. KG
Holzmühle 1
D
73494 Rosenberg
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Registered
on:
22.09.2004
Reg.
data: 89073 Ulm, HRA 510404
General partner:
Josef
Rettenmaier Holding GmbH & Co.KG
Holzmühle 1
D
73494 Rosenberg
Legal form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 6,000,000.00
contribution:
Registered
on: 17.12.1996
Reg.
data: 89073 Ulm, HRA 510272
General partner:
JRS
Prozesstechnik GmbH & Co. KG
Calenberger Mühle 1
D
30982 Pattensen
Legal form: Ltd partnership with
priv. ltd.
company as general partner
Total
cap. EUR 51,129.19
contribution:
Registered
on: 06.11.2000
Reg.
data: 30175 Hannover, HRA 100680
General partner:
Josef
Rettenmaier & Söhne Holding GmbH &
Co.KG
Holzmühle 1
D 73494 Rosenberg
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 6,000,000.00
contribution:
Registered
on: 04.09.2001
Reg.
data: 89073 Ulm, HRA 510317
General partner:
Josef
Rettenmaier International Holding GmbH
&
Co.KG.
Holzmühle 1
D
73494 Rosenberg
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 6,000,000.00
contribution:
Registered
on: 31.07.2003
Reg.
data: 89073 Ulm, HRA 510392
General partner:
CTL
CELLTECHNIK LODENAU GmbH & Co. KG
Hauptstr. 40
D
02929 Rothenburg
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 1,000,000.00
contribution:
Registered
on: 03.03.1992
Reg.
data: 01069 Dresden, HRA 366
General partner:
CHP
Carbohydrate Pirna GmbH & Co. KG
Lohmener Str. 12
D
01796 Pirna
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 500,000.00
contribution:
Registered
on: 09.10.1997
Reg.
data: 01069 Dresden, HRA 2909
Main industrial sector
46902 Non-specialized wholesale of raw materials
and half-finished and finished goods
Shareholder:
JRS
Pharma Verwaltung GmbH
Holzmühle 1
D
73494 Rosenberg
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 25,000.00
Share: EUR 25,000.00
Reg.
data: 22.09.2003
Local court
89073 Ulm
HRB 510579
Payment experience: within
agreed terms
Negative information:We
have no negative information at hand.
Type of ownership: Tenant
Address Holzmühle 1
D
73494 Rosenberg
Real Estate of: JRS Pharma Verwaltung GmbH
Type of ownership: Tenant
Address Holzmühle 1
D
73494 Rosenberg
Real Estate of: JR Beteiligungs KG
Type of ownership: Tenant
Address Holzmühle 1
D
73494 Rosenberg
Land register documents
were not available.
A bank connection is
unknown.
Financial year: 01.01. - 31.12.
Turnover: 2011 EUR 29,400,000.00
2012 EUR 29,400,000.00
further business figures:
Equipment: EUR 720,000.00
Ac/ts
receivable:
EUR 4,920,000.00
Liabilities: EUR 6,720,000.00
Employees:
120
The aforementioned business
figures may partly be estimated
information based on average values in the
line of business.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.80 |
|
|
1 |
Rs.94.21 |
|
Euro |
1 |
Rs.81.03 |
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.