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Report Date : |
23.08.2013 |
IDENTIFICATION DETAILS
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Name : |
PRINTED MOTORS GMBH
INDUSTRIE-SERVOANTRIEBSSYSTEME |
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Registered Office : |
Industriestr. 20, D 74909 Meckesheim |
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Country : |
Germany |
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Financials (as on) : |
31.03.2012 |
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Year of Establishment: |
1990 |
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Com. Reg. No.: |
HRB 341155 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturer
of engines and turbines (except aircraft,
vehicle and cycle engines) |
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No. of Employees : |
07 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small Company |
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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 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
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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 |
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 |
Printed Motors GmbH Industrie-Servoantriebssysteme
Industriestr. 20
D 74909 Meckesheim
Telephone: 06226/787000
Telefax:
06226/787029
Homepage: www.printedmotors.com
E-mail:
info@printedmotors.com
active
DE143452499
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1990
Shareholders'
agreement: 02.01.1990
Registered on: 07.07.1994
Commercial Register: Local court 68159 Mannheim
under: HRB
341155
Share capital: EUR 600,767.96
Dipl.-Ing. (FH) Jürgen Böhler
Bergstr. 11
D 69257 Wiesenbach
born: 03.08.1967
Share: EUR 485,727.29
Shareholder:
Harald Hees
Robertstr. 3
D 76709 Kronau
Share: EUR 115,040.67
Dipl.-Ing. (FH) Jürgen Böhler
Bergstr. 11
D 69257 Wiesenbach
having sole power of representation
born: 03.08.1967
Profession: Engineer
Marital status: married
02.01.1990 - 06.07.1994 Printed Motors GmbH
Industrie-Servoantriebssysteme
Tullastr. 5
D 69126 Heidelberg
Private limited
company
Main industrial sector
·
2811 Manufacture of engines and turbines (except
aircraft, vehicle and cycle engines)
·
46692 Wholesale of other machinery
·
Payment
experience: within agreed
terms
·
Negative
information: We have no negative
information at hand.
·
Balance
sheet year: 2011/2012
Type of ownership: Tenant
Address Industriestr.
20
D 74909 Meckesheim
Land register documents were not
available.
VOLKSBANK NECKARTAL, MECKESHEIM
Sort. code: 67291700, BIC: GENODE61NGD
Turnover: 2011/2012 EUR 600,000.00
2012/2013 EUR 600,000.00
Profit: 2010/2011 EUR
10,037.00
2011/2012 EUR 57,930.00
further business figures:
Equipment: EUR 58,000.00
Ac/ts receivable: EUR 21,187.00
Liabilities: EUR 29,561.00
Total numbers of vehicles: 2
-
Lorries:
1
-
Passenger cars: 1
Employees:
7
The
aforementioned business figures may partly be estimated information based on
average values in the line of business.
Balance sheet ratios 01.04.2011 - 31.03.2012
Equity ratio [%]: 89.09
Liquidity ratio: 10.00
Return on total capital [%]: 13.49
Balance sheet ratios 01.04.2010 - 31.03.2011
Equity ratio [%]: 84.44
Liquidity ratio: 10.00
Return
on total capital [%]: 2.61
Balance sheet ratios 01.04.2009 - 31.03.2010
Equity ratio [%]: 87.32
Liquidity ratio: 10.00
Return on total capital [%]: 8.28
Balance sheet ratios 01.04.2008 - 31.03.2009
Equity
ratio [%]: 85.64
Liquidity ratio: 10.00
Return on total capital [%]: 11.01
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: 01.04.2011 - 31.03.2012
ASSETS EUR 429,369.89
Fixed
assets EUR 13,759.50
Intangible assets
EUR 0.50
Other / unspecified intangible assetsEUR 0.50
Tangible assets
EUR 13,759.00
Other / unspecified tangible assets
EUR 13,759.00
Current assets
EUR 412,278.39
Stocks
EUR 246,018.02
Accounts receivable
EUR 21,187.20
Other debtors and assets
EUR 21,187.20
Liquid means
EUR 145,073.17
Remaining other assets
EUR 3,332.00
Accruals (assets) EUR 3,332.00
LIABILITIES EUR 429,369.89
Shareholders' equity
EUR 382,541.56
Capital
EUR 600,767.96
Subscribed capital (share capital)
EUR 600,767.96
Balance sheet profit/loss (+/-)
EUR -218,226.40
Profit / loss brought forward
EUR -276,156.29
Annual surplus / annual deficit
EUR 57,929.89
Provisions
EUR 17,267.33
Liabilities
EUR 29,561.00
Other liabilities
EUR 29,561.00
Unspecified other liabilities
EUR 29,561.00
Type
of balance
sheet: Company balance sheet
Financial year: 01.04.2010 - 31.03.2011
ASSETS EUR 384,428.08
Fixed assets
EUR 6,692.00
Intangible
assets EUR 0.50
Other / unspecified intangible assetsEUR 0.50
Tangible assets
EUR 6,691.50
Other / unspecified tangible assets
EUR 6,691.50
Current assets
EUR 374,862.08
Stocks
EUR 214,491.99
Accounts receivable
EUR 50,027.20
Other debtors and assets
EUR 50,027.20
Liquid means
EUR 110,342.89
Remaining other assets
EUR 2,874.00
Accruals (assets)
EUR 2,874.00
LIABILITIES EUR 384,428.08
Shareholders' equity
EUR 324,611.67
Capital
EUR 600,767.96
Subscribed capital (share capital)
EUR 600,767.96
Balance sheet profit/loss (+/-)
EUR -276,156.29
Profit / loss brought forward
EUR -286,192.98
Annual surplus / annual deficit
EUR 10,036.69
Provisions
EUR 25,050.09
Liabilities
EUR 34,766.32
Other liabilities
EUR 34,766.32
Unspecified other liabilities
EUR 34,766.32
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.42 |
|
UK Pound |
1 |
Rs.102.09 |
|
Euro |
1 |
Rs.87.32 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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
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.