MIRA INFORM REPORT
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Report Date : |
12.06.2013 |
IDENTIFICATION DETAILS
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Name : |
PLEVA GMBH
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Registered Office : |
Rudolf-Diesel-Strasse 2, Empfingen, 72186 |
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Country : |
Germany |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
27.02.1980 |
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Com. Reg. No.: |
HRB440171 |
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Legal Form : |
Private Independent Company |
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Line of Business : |
manufacturer of electronic instruments and
appliances for measuring, checking, testing, navigating and other purposes,
except industrial process control equipment |
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No. of Employees : |
50 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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Germany |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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.
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Source : CIA |
Company name & address
PLEVA GMBH
Rudolf-Diesel-Strasse 2
Empfingen, 72186
Germany
Tel: +49 (0) 7485 1004
Fax: +49 (0) 7485 1009
Synthesis
Employees: 50
Company Type: Private Independent
Incorporation Date:
27-Feb-1980
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2011
Reporting Currency: Euro
Annual Sales: NA
Total Assets: 2.5
Business Description
PLEVA GMBH is primarily engaged in manufacture of electronic instruments and appliances for measuring, checking, testing, navigating and other purposes, except industrial process control equipment; and manufacture of non-electronic instruments and appliances for measuring, checking, testing, navigating and other purposes, except industrial process control equipment.
Industry
Industry Scientific and Technical Instruments
ANZSIC 2006: 2419 - Other
Professional and Scientific Equipment Manufacturing
NACE 2002: 3320 - Manufacture of instruments and
appliances for measuring, checking, testing, navigating and other purposes,
except industrial process control equipment
NAICS 2002: 334513 -
Instrument's and Related Products Manufacturing for Measuring, Displaying, and
Controlling
Industrial Process Variable
UK SIC 2003: 3320 - Manufacture
of instruments and appliances for measuring, checking, testing, navigating
and other
purposes, except industrial process control equipment
UK SIC 2007: 2651 - Manufacture
of instruments and appliances for measuring, testing and navigation
US SIC 1987: 3829 - Measuring
and Controlling Devices, Not Elsewhere Classified
Key Executives
Name Title
Ralf Pleva Managing
director
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7191895
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.770327
Corporate Overview
Location
Rudolf-Diesel-Strasse 2
Empfingen, 72186
Germany
Tel: +49 (0) 7485 1004
Fax: +49 (0) 7485 1009
Sales EUR(mil): NA
Assets EUR(mil): 1.9
Employees: 50
Fiscal Year End: 31-Dec-2011
Industry: Scientific
and Technical Instruments
Incorporation Date: 27-Feb-1980
Company Type: Private
Independent
Quoted Status: Not
Quoted
Registered No.(): HRB440171
Parent Registered No.(UK):DEU
Managing director: Ralf
Pleva
Industry Codes
ANZSIC 2006 Codes:
2419 - Other Professional and Scientific Equipment Manufacturing
NACE 2002 Codes:
3320 - Manufacture of instruments and appliances for measuring,
checking, testing, navigating and other
purposes, except
industrial process control equipment
NAICS 2002 Codes:
334513 - Instrument's
and Related Products Manufacturing for Measuring, Displaying, and Controlling
Industrial Process
Variable
US SIC 1987:
3829 - Measuring and Controlling Devices, Not Elsewhere Classified
UK SIC 2003:
3320 - Manufacture of instruments and appliances for measuring,
checking, testing, navigating and other
purposes, except
industrial process control equipment
UK SIC 2007:
2651 - Manufacture of instruments and appliances for measuring,
testing and navigation
Business
Description
PLEVA GMBH is primarily engaged in manufacture of electronic instruments and appliances for measuring, checking, testing, navigating and other purposes, except industrial process control equipment; and manufacture of non-electronic instruments and appliances for measuring, checking, testing, navigating and other purposes, except industrial process control equipment.
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Executive report
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Executives |
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Managing director |
Managing Director |
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Annual Profit & Loss
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31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate
(Period Average) |
0.71919 |
0.755078 |
0.719047 |
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Consolidated |
No |
No |
No |
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Provisions |
1.5 |
1.5 |
1.6 |
Annual Balance Sheet
Financials in: USD (mil)
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31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
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Consolidated |
No |
No |
No |
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Issued capital |
0.1 |
0.1 |
0.1 |
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Capital reserves |
0.1 |
0.1 |
0.1 |
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Profits for the year |
0.5 |
0.5 |
0.1 |
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Total
stockholders equity |
0.7 |
0.7 |
0.3 |
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Provisions and allowances |
1.4 |
1.5 |
1.6 |
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Total current liabilities |
0.3 |
0.2 |
0.5 |
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Total
liabilities (including net worth) |
2.5 |
2.4 |
2.3 |
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Intangibles |
0.0 |
0.0 |
0.0 |
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Total tangible
fixed assets |
0.4 |
0.3 |
0.2 |
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Total
non-current assets |
0.4 |
0.3 |
0.2 |
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Net stocks and work in progress |
0.2 |
0.3 |
0.3 |
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Total
receivables |
0.5 |
0.6 |
0.7 |
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Cash and liquid assets |
1.3 |
1.2 |
1.2 |
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Recoverable taxation |
- |
0.0 |
- |
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Total current
assets |
2.0 |
2.1 |
2.2 |
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Prepaid expenses and deferred costs |
0.0 |
0.0 |
0.0 |
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Total assets |
2.5 |
2.4 |
2.3 |
Annual Ratios
Financials in: USD (mil)
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31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
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Consolidated |
No |
No |
No |
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Current ratio |
59.40 |
85.61 |
48.52 |
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Acid test ratio |
52.80 |
74.26 |
42.57 |
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Total liabilities to net worth |
0.05% |
0.04% |
0.16% |
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Net worth to total assets |
0.03% |
0.03% |
0.01% |
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Current liabilities to net worth |
0.05% |
0.04% |
0.16% |
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Current liabilities to stock |
0.15% |
0.09% |
0.17% |
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Fixed assets to net worth |
0.06% |
0.05% |
0.06% |
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Net worth |
0.7 |
0.7 |
0.3 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.58.93 |
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UK Pound |
1 |
Rs.91.81 |
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Euro |
1 |
Rs.78.18 |
INFORMATION DETAILS
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Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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 |
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<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.