|
Report Date : |
09.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
TROGE MEDICAL GMBH |
|
|
|
|
Registered Office : |
Milchstr. 19, D 20148 Hamburg |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
1986 |
|
|
|
|
Com. Reg. No.: |
HRB 35614 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
·
Wholesale of pharmaceutical goods ·
Wholesale of medical and orthopedic goods, dental
and laboratory supplies |
|
|
|
|
No. of Employees : |
24 |
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 |
TROGE MEDICAL GMBH
Company Status: active
Milchstr. 19
D 20148 Hamburg
Telephone: 040/441844-0
Telefax: 040/4107303
Homepage: www.trogemedical.de
E-mail: info@trogemedical.de
VAT no.: DE118600359
Tax ID number: 57/870/00519
LEGAL FORM Private
limited company
Date of foundation: 1986
Shareholders'
agreement: 02.01.1986
Registered on: 04.03.1986
Commercial Register: Local
court 20355 Hamburg
under: HRB 35614
Share capital:
EUR 1,000,000.00
Shareholder:
Karl-Heinz
Troge
Milchstr. 19
D 20148
Hamburg
born:
31.10.1940
Share: EUR 1,000,000.00
Manager:
Karl-Heinz
Troge
Milchstr. 19
D 20148
Hamburg
having sole
power of representation
born:
31.10.1940
Profession:
Businessman
Marital status: divorced
Manager:
Thomas
Tilgner
Hofweg 58
D 22085
Hamburg
authorized to
jointly represent the company
born: 14.12.1964
Profession:
Businessman
Proxy:
Timo Troge
D 20148
Hamburg
authorized to
jointly represent the company
born:
27.08.1976
RESIGNED ACTING
PERSONS AND SHAREHOLDERS
08.07.2009 - 31.05.2013 Manager
Günther Hillmer
D 21629 Neu Wulmstorf
Sectors
46461 Wholesale of
pharmaceutical goods
46462 Wholesale of medical and
orthopedic goods, dental and laboratory supplies
Payment experience: cash
discount/within agreed terms
Negative information: We have no
negative information at hand.
Balance sheet
year: 2011
REAL ESTATE
Type of ownership: Tenant
Address Milchstr. 19
D 20148 Hamburg
Real Estate of: Karl-Heinz Troge
Type of ownership: proprietor
Share: 100.00 %
Address Badestr.
D 20148 Hamburg
Land register documents were not available.
COMMERZBANK, HAMBURG
Sort. code: 20040000, BIC: COBADEHHXXX
DEUTSCHE BANK, HAMBURG
Sort. code: 20070000, BIC: DEUTDEHHXXX
Gross profit or loss:2011
EUR 3,509,899.00
Profit: 2011 EUR 584,037.00
Equipment:
EUR 104,852.00
Ac/ts receivable:
EUR 4,532,473.00
Liabilities:
EUR 4,394,923.00
Employees:
24
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]:
51.11
Liquidity ratio:
2.15
Return on total capital [%]:
8.01
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]:
49.78
Liquidity ratio:
1.79
Return on total capital [%]:
6.28
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]:
52.61
Liquidity ratio:
2.82
Return on total capital [%]:
4.82
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]:
44.84
Liquidity ratio:
1.54
Return on total capital [%]:
4.93
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 7,298,534.63
Fixed assets EUR 112,295.00
Intangible assets EUR 7,443.00
Other / unspecified intangible
assetsEUR 7,443.00
Tangible assets EUR 104,852.00
Other tangible assets / fixtures and
fittings EUR 104,852.00
Current assets EUR 7,170,180.83
Stocks EUR 2,105,517.19
Accounts receivable EUR 4,532,472.65
Other debtors and assets EUR 4,532,472.65
Liquid means EUR 532,190.99
Remaining other assets EUR 16,058.80
Accruals (assets) EUR 16,058.80
LIABILITIES EUR 7,298,534.63
Shareholders' equity EUR 1,978,230.04
Capital EUR 1,000,000.00
Subscribed capital (share capital) EUR
1,000,000.00
Balance sheet profit/loss (+/-) EUR 978,230.04
Balance sheet profit / loss EUR 978,230.04
Provisions EUR 925,381.23
Liabilities EUR 4,394,923.36
Other liabilities EUR 4,394,923.36
Unspecified other liabilities EUR 4,394,923.36
PROFIT AND LOSS
ACCOUNT (cost-summary method) according to Comm. Code (HGB)
Gross
result (+/-) EUR 3,509,899.30
Staff expenses EUR 1,763,774.95
Wages and salaries EUR 1,596,583.51
Social security contributions and
expenses for pension plans and
benefits EUR 167,191.44
Total depreciation EUR 35,727.38
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 35,727.38
Other operating expenses EUR 726,815.87
Operating result from continuing
operations EUR 983,581.10
Interest result (+/-) EUR -116,401.82
Interest and similar income EUR 5,225.05
Interest and similar expenses EUR 121,626.87
Other financial result EUR 1,871.45
Income from securities and loans from
financial assets EUR 1,871.45
Financial result (+/-) EUR -114,530.37
Result from ordinary operations (+/-) EUR
869,050.73
Income tax / refund of income tax
(+/-)EUR -283,169.89
Other taxes / refund of taxes EUR -1,844.00
Tax (+/-) EUR
-285,013.89
Annual surplus / annual deficit EUR 584,036.84
TYPE OF BALANCE
SHEET:
Company balance
sheet
Financial
year: 01.01.2010 - 31.12.2010
ASSETS EUR 6,337,126.78
Fixed assets EUR 138,637.00
Intangible assets EUR 17,105.00
Other / unspecified intangible
assetsEUR 17,105.00
Tangible assets EUR 121,532.00
Other tangible assets / fixtures and
fittings EUR 121,532.00
Current assets EUR 6,188,685.75
Stocks EUR 2,104,145.49
Accounts receivable EUR 3,850,258.96
Other debtors and assets EUR 3,850,258.96
Liquid means EUR 234,281.30
Remaining other assets EUR 9,804.03
Accruals (assets) EUR 9,804.03
LIABILITIES EUR 6,337,126.78
Shareholders' equity EUR 1,647,740.61
Capital EUR 1,000,000.00
Subscribed capital (share capital) EUR
1,000,000.00
Balance sheet profit/loss (+/-) EUR 647,740.61
Balance sheet profit / loss EUR 647,740.61
Provisions EUR
795,379.62
Liabilities EUR 3,894,006.55
Other liabilities EUR 3,894,006.55
Unspecified other liabilities EUR 3,894,006.55
PROFIT AND LOSS ACCOUNT
(cost-summary method) according to Comm. Code (HGB)
Gross
result (+/-) EUR 3,221,068.50
Staff expenses EUR 1,715,420.02
Wages and salaries EUR 1,559,014.93
Social security contributions and
expenses for pension plans and
benefits EUR 156,405.09
Total depreciation EUR 38,651.82
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 38,651.82 Other operating
expenses EUR 737,325.23
Operating result from continuing
operations EUR 729,671.43
Interest result (+/-) EUR -82,372.79
Interest and similar income EUR 15,549.99
Interest and similar expenses EUR 97,922.78
Other financial result EUR -48,550.22
Income from securities and loans from
financial assets EUR 1,449.78
Depreciation on financial assets and
marketable securities EUR 50,000.00
Financial result (+/-) EUR -130,923.01
Result from ordinary operations (+/-) EUR
598,748.42
Extraordinary expenses EUR 3,137.76
Extraordinary result (+/-) EUR -3,137.76
Income tax / refund of income tax
(+/-)EUR -199,268.46
Other taxes / refund of taxes EUR -2,149.00
Tax (+/-) EUR -201,417.46
Annual surplus / annual deficit EUR
394,193.20
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.67 |
|
|
1 |
Rs.100.65 |
|
Euro |
1 |
Rs.84.25 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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.