|
Report Date : |
05.02.2013 |
IDENTIFICATION DETAILS
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Name : |
DGR
GRAPHIC GMBH MASCHINEN UND EINRICHTUNGEN FÜR DIE DRUCKWEITERVERARBEITUNG |
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|
|
|
Registered Office : |
Fritz-Souchon-Str.
10 D 32339 Espelkamp |
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|
|
|
Country : |
Germany |
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|
|
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Financials (as on) : |
31.12.2011 |
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|
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Year of Incorporation : |
1997 |
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|
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Com. Reg. No.: |
HRB 9056 |
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|
|
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Legal Form : |
Private
Limited Company |
|
|
|
|
Line of Business : |
Manufacture
of machinery for paper and paperboard
production |
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|
|
|
No. of Employees : |
7 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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 – 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
DGR
Graphic GmbH Maschinen und Einrichtungen für die Druckweiterverarbeitung
Company Status: active
Fritz-Souchon-Str. 10
D 32339 Espelkamp
Telephone:05772/979220
Telefax: 05772/979225
E-mail: drgraphicgmbh@t-online.de
DE812399057
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1997
Shareholders'
agreement: 13.12.1997
Registered on: 23.01.1998
Commercial Register: Local court 32545 Bad Oeynhausen
under: HRB
9056
EUR 25,600.00
Annegret Depping
Amselstr. 10
D 32312 Lübbecke
born: 22.08.1956
Share: EUR 12,800.00
Shareholder:
Andre Rathert
Kampstr. 13
D 32423 Minden
born: 26.06.1974
Share: EUR
12,800.00
Manager:
Gerd Depping
Amselstr. 10
D 32312 Lübbecke
authorized to jointly
represent the company
born: 02.03.1954
Profession:
Mechanical engineer
23.01.1998 - 12.07.2001 DGR Graphic GmbH Maschinen und
Einrichtungen für die
Druckweiterverarbeitung
Zur Bockwindmühle 53
D 32351 Stemwede
Private limited
company
Sectors
28950
Manufacture of machinery for paper and paperboard production
4669
Wholesale of other machinery, equipment and supplies
71129
Other engineering activities
Payment experience: within periods customary in this trade
Negative information:We have no negative
information at hand.
Balance sheet year: 2011
Type of
ownership: Tenant
Address Fritz-Souchon-Str. 10
D 32339 Espelkamp
Land register documents were not available.
SPARKASSE MINDEN-LÜBBECKE, LÜBBECKE, WESTF
Sort. code: 49050101, BIC: WELADED1MIN
Profit: 2011 EUR 62,421.00
Ac/ts receivable: EUR 121,838.00
Liabilities: EUR 1,386,863.00
Total numbers of vehicles: 1
-
Passenger cars:
1
Employees:
7
-
thereof permanent staff: 7
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 [%]: 1.61
Liquidity ratio: 0.09
Return on total capital [%]: 4.41
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: -2.92
Liquidity ratio: 0.16
Return on total capital [%]: 0.24
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: -3.10
Liquidity ratio: 0.10
Return on total capital [%]: -10.34
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 9.00
Liquidity ratio: 0.16
Return
on total capital [%]: 9.00
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 1,419,161.02
Outstanding capital
EUR 3,230.98
Outstanding contributions
EUR 3,230.98
Fixed assets
EUR 13,566.00
Tangible assets
EUR 13,566.00
Other / unspecified tangible assets
EUR 13,566.00
Current assets
EUR 1,397,462.08
Stocks
EUR 1,275,624.00
Accounts receivable
EUR 121,838.08
Other debtors and assets
EUR 121,838.08
Remaining other assets
EUR 4,901.96
Accruals (assets)
EUR 4,901.96
LIABILITIES EUR 1,419,161.02
Shareholders' equity
EUR 25,966.00
Capital EUR 25,600.00
Subscribed capital (share capital)
EUR 25,600.00
Balance sheet profit/loss (+/-)
EUR 366.00
Profit / loss brought forward
EUR -62,054.66
Annual surplus / annual deficit
EUR 62,420.66
Provisions
EUR 6,332.00
Liabilities
EUR 1,386,863.02
Other liabilities
EUR 1,386,863.02
Unspecified other liabilities EUR 1,386,863.02
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 1,399,669.59
Outstanding capital
EUR 3,230.98
Outstanding contributions
EUR 3,230.98
Fixed assets
EUR 11,875.00
Current assets
EUR 1,340,405.87
Stocks EUR 1,040,158.00
Accounts receivable
EUR 204,747.87
Other debtors and assets
EUR 204,747.87
Liquid means
EUR 95,500.00
Remaining other assets
EUR 44,157.74
Accruals (assets)
EUR 7,703.08
Deficit not covered by shareholders'
equity
EUR 36,454.66
LIABILITIES EUR 1,399,669.59
Shareholders' equity
EUR 0.00
Capital
EUR 25,600.00
Subscribed capital (share capital)
EUR 25,600.00
Balance sheet profit/loss (+/-)
EUR -62,054.66
Profit / loss brought forward
EUR -65,377.94
Annual surplus / annual deficit
EUR 3,323.28
Other shareholders' equity (+/-)
EUR 36,454.66
Deficit not covered by shareholders'
equity
EUR 36,454.66
Provisions
EUR 2,300.00
Liabilities
EUR 1,397,369.59
Financial debts
EUR 50,552.83
Liabilities due to banks
EUR 50,552.83
Other liabilities
EUR 1,346,816.76
Trade creditors (for IAS incl. bills
of exchange)
EUR 67,073.20
Liabilities from received advance
payments
EUR 749,524.00
Unspecified other liabilities
EUR 530,219.56
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.97 |
|
|
1 |
Rs.83.17 |
|
Euro |
1 |
Rs.72.20 |
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.