|
Report Date : |
13.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
TEXTILCHEMIE DR. PETRY GMBH |
|
|
|
|
Registered Office : |
Ferdinand-Lassalle-Str. 57 D 72770 Reutlingen |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
19.11.1974 |
|
|
|
|
Com. Reg. No.: |
HRB 351339 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
Manufacture of other chemical products n.e.c. |
|
|
|
|
No. of Employees : |
50 |
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 : |
Good |
|
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 |
TEXTILCHEMIE DR. PETRY GMBH
Company Status: active
Ferdinand-Lassalle-Str. 57
D 72770 Reutlingen
Telephone: 07121/95890
Telefax: 07121/95890-33
Homepage: www.drpetry.de
E-mail:
office@drpetry.de
VAT no.: DE146483115
LEGAL FORM Private limited company
Date of foundation: 19.11.1974
Shareholders'
agreement: 22.10.1976
Registered on: 15.06.1982
Commercial Register: Local
court 70190 Stuttgart
under: HRB 351339
Share capital:
EUR 400,000.00
Shareholder:
Dr. Friedrich Petry
Helenenweg 4
D 72764
Reutlingen
born:
05.02.1972
Share: EUR 252,000.00
Shareholder:
Dr. Carolin Petry-Münch
D 72070
Tübingen
Share: EUR 54,000.00
Shareholder:
Constanze
Dehnen
D 82319
Starnberg
Share: EUR 54,000.00
Shareholder:
Rudi Breier
D 72762
Reutlingen
Share: EUR 20,000.00
Shareholder:
Dr. Rolf
Stöhr
D 72810
Gomaringen
Share: EUR 20,000.00
Manager:
Dr. Jörg
Petry
Helenenweg 4
D 72764
Reutlingen
born:
23.10.1939
Profession: Fully
qualified chemist
Marital
status: married
Manager:
Dr. Friedrich
Petry
Helenenweg 4
D 72764
Reutlingen
born:
05.02.1972
Marital
status: single
Proxy:
Rudi Breier
D 72762
Reutlingen
having sole
power of representation
Proxy:
Dr. Rolf
Stöhr
D 72810
Gomaringen
having sole power of representation
Further
functions/participations of Dr. Friedrich Petry (Manager)
Shareholder:
brandoscope
GmbH
Waldhäuser
Str. 75
D 72076
Tübingen
Legal form: Private limited company
Share
capital: EUR 50,000.00
Share: EUR 31,500.00
Registered
on: 13.08.2008
Reg. data: 70190 Stuttgart, HRB 727067
Manager:
brandoscope
GmbH
Waldhäuser
Str. 75
D 72076
Tübingen
Legal form:
Private limited company
Share
capital: EUR 50,000.00
Registered
on: 13.08.2008
Reg.
data: 70190 Stuttgart, HRB 727067
19.11.1974 - 21.10.1976 Dr. Jörg
Petry
D 72661 Grafenberg
Unregistered commercial enterprise
22.10.1976 - 01.06.1979
Textilchemie Dr. Petry GmbH
D 72760
Reutlingen
Private
limited company
02.06.1979 - 31.12.1992 Textilchemie Dr. Petry GmbH
Albstr.
52
D 72764
Reutlingen
Private
limited company
Main industrial
sector
2059 Manufacture of other
chemical products n.e.c.
Payment experience: within agreed terms
Negative information: We have
no negative information at hand.
Balance sheet year: 2011
Type of ownership: Tenant
Address Ferdinand-Lassalle-Str. 57
D 72770 Reutlingen
Land register documents were not available.
Principal bank
VOLKSBANK METZINGEN-BAD URACH, METZINGEN, WÜRTT
Sort. code: 64091200, BIC: GENODES1MTZ
Turnover: 2011 EUR
13,516,342.00
Profit: 2011 EUR 299,935.00
Equipment: EUR 215,377.00
Ac/ts
receivable:
EUR 3,812,388.00
Liabilities: EUR 2,697,170.00
Total
numbers of vehicles: 7
Employees:
50
-
thereof permanent staff: 13
-
Trainees: 2
Balance sheet ratios 01.01.2011
- 31.12.2011
Equity ratio [%]: 57.19
Liquidity ratio:
2.23
Return on total capital [%]:
3.56
Balance sheet ratios 01.01.2010
- 31.12.2010
Equity ratio [%]: 55.60
Liquidity ratio:
2.48
Return on total capital [%]:
8.17
Balance sheet ratios 01.01.2009
- 31.12.2009
Equity ratio [%]: 60.15
Liquidity ratio: 2.53
Return on total capital [%]:
3.72
Balance sheet ratios 01.01.2008
- 31.12.2008
Equity ratio [%]: 57.58
Liquidity ratio:
2.43
Return on total capital [%]: 15.72
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 8,437,238.38
Fixed assets EUR 1,273,315.50
Intangible assets EUR 5,724.18
Concessions, licences, rights EUR 5,724.18
Tangible assets EUR 527,687.67
Land / similar rights EUR 148,993.10
Plant / machinery EUR 163,317.64
Other tangible assets / fixtures and
fittings EUR 215,376.93
Financial assets EUR 739,903.65
Shares in participations /
subsidiaries and the like EUR 739,903.65
Shares in related companies EUR 739,903.65
Current assets EUR 7,163,329.43
Stocks EUR 3,193,668.00
Raw materials, consumables and
supplies EUR 1,491,520.00
Finished goods / work in progress EUR
1,702,148.00
Accounts receivable EUR 3,812,388.24
Amounts due from shareholders EUR 628.30
Trade debtors EUR 2,281,951.76
Amounts due from related companies EUR
1,317,669.96
Other debtors and assets EUR 212,138.22
Liquid means EUR 157,273.19
Remaining other assets EUR 593.45
Accruals (assets) EUR 593.45
LIABILITIES EUR 8,437,238.38
Shareholders' equity EUR 3,993,150.92
Capital EUR 400,000.00
Subscribed capital (share capital) EUR 400,000.00
Reserves EUR 360,256.00
Capital reserves EUR 360,256.00
Balance sheet profit/loss (+/-) EUR 3,232,894.92
Balance sheet profit / loss EUR 3,232,894.92
Provisions EUR 1,746,917.60
Pension provisions and comparable
provisions EUR 1,388,062.00
Provisions for taxes EUR 82,024.60
Other / unspecified provisions EUR 276,831.00
Liabilities EUR 2,697,169.86
Financial debts EUR 928,426.15
Liabilities due to banks EUR 928,426.15
Other liabilities EUR 1,768,743.71
Trade creditors (for IAS incl. bills
of exchange) EUR 842,273.32
Liabilities due to shareholders EUR 832,433.98
Unspecified other liabilities EUR 94,036.41
thereof liabilities from tax /
financial authorities EUR 62,014.12
thereof liabilities from social
security EUR 25,026.83
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Sales EUR 13,516,342.30
Inventory change + own costs (+/-) EUR
353,445.00
Inventory change (+/-) EUR 353,445.00
Other operating income EUR 303,106.41
Cost of materials EUR 7,417,606.56
Raw materials and supplies, purchased
goods EUR 7,275,525.13
Purchased services EUR 142,081.43
Gross result (+/-) EUR 6,755,287.15
Staff expenses EUR 2,957,176.71
Wages and salaries EUR 2,518,105.59
Social security contributions and
expenses for pension plans and
benefits EUR 439,071.12
Total depreciation EUR 122,541.14
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 122,541.14
Other operating expenses EUR 3,117,999.61
Operating result from continuing
operations EUR 557,569.69
Result from participating interests
(+/-) EUR 130.00
Expenses / income from participations
EUR 130.00
Income from related companies EUR 130.00
Interest result (+/-) EUR -84,313.01
Interest and similar income EUR 5,321.44
Interest and similar expenses EUR 89,634.45
Financial result (+/-) EUR -84,183.01
Result from ordinary operations (+/-) EUR
473,386.68
Income tax / refund of income tax
(+/-)EUR -171,099.58
Other taxes / refund of taxes EUR -2,352.46
Tax (+/-) EUR -173,452.04
Annual surplus / annual deficit EUR 299,934.64
Type
of balance
sheet: Company balance sheet
Financial
year: 01.01.2010 - 31.12.2010
ASSETS EUR 8,445,819.67
Fixed assets EUR 1,379,817.65
Intangible assets EUR 6,376.67
Concessions, licences, rights EUR 6,376.67
Tangible assets EUR 582,408.14
Land / similar rights EUR 172,435.59
Plant / machinery EUR 196,148.13
Other tangible assets / fixtures and
fittings EUR 213,824.42
Financial assets EUR 791,032.84
Shares in participations /
subsidiaries and the like EUR 791,032.84
Shares in related companies EUR
791,032.84
Current assets EUR 7,064,749.11
Stocks EUR 2,855,098.65
Raw materials, consumables and
supplies EUR 1,439,142.50
Finished goods / work in progress EUR
1,348,703.00
Advance payments made EUR 67,253.15
Accounts receivable EUR 3,705,060.82
Amounts due from shareholders EUR 0.00
Trade debtors EUR 2,199,534.63
Amounts due from related companies EUR
1,159,609.81
Other debtors and assets EUR 345,916.38
Liquid means EUR 504,589.64
Remaining other assets EUR 1,252.91
Accruals (assets) EUR 1,252.91
LIABILITIES EUR 8,445,819.67
Shareholders' equity EUR 3,993,216.28
Capital EUR 400,000.00
Subscribed capital (share capital) EUR 400,000.00
Reserves EUR 360,256.00
Capital reserves EUR 360,256.00
Balance sheet profit/loss (+/-) EUR 3,232,960.28
Balance sheet profit / loss EUR 3,232,960.28
Provisions EUR 1,747,462.00
Pension provisions and comparable
provisions EUR 1,375,610.00
Provisions for taxes EUR 155,000.00
Other / unspecified provisions EUR 216,852.00
Liabilities EUR 2,705,141.39
Financial debts EUR 907,237.04
Liabilities due to banks EUR 907,237.04
Other liabilities EUR 1,797,904.35
Trade creditors (for IAS incl. bills
of
exchange)
EUR 846,872.68
Liabilities due to shareholders EUR 703,849.94
Liabililties due to related
companiesEUR 159,219.31
Unspecified other liabilities EUR 87,962.42
thereof liabilities from tax /
financial authorities EUR 63,340.30
thereof liabilities from social
security EUR 19,156.94
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Sales EUR 12,981,193.96
Inventory change + own costs (+/-) EUR 308,220.00
Inventory change (+/-) EUR 308,220.00
Other operating income EUR 254,096.49
Cost of materials EUR 7,039,922.65
Raw materials and supplies, purchased
goods EUR 6,905,968.69
Purchased services EUR 133,953.96
Gross result (+/-) EUR 6,503,587.80
Staff expenses EUR 2,861,128.27
Wages and salaries EUR 2,352,845.78
Social security contributions and
expenses for pension plans and
benefits EUR 508,282.49
Total depreciation EUR 124,519.16
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 124,519.16
Other operating expenses EUR 3,112,952.54
Operating result from continuing
operations EUR 404,987.83
Result from participating interests
(+/-) EUR 524,829.40
Expenses / income from participations
EUR 524,829.40
Income from transfer of profits EUR 11,699.40
Income from related companies EUR 513,130.00
Interest result (+/-) EUR -82,337.15
Interest and similar income EUR 5,769.82
Interest and similar expenses EUR 88,106.97
Financial result (+/-) EUR 442,492.25
Result from ordinary operations (+/-) EUR
847,480.08
Extraordinary expenses EUR 269,187.00
Extraordinary result (+/-) EUR -269,187.00
Income tax / refund of income tax (+/-)EUR -155,464.79
Other taxes / refund of taxes EUR -2,615.71
Tax (+/-) EUR -158,080.50
Annual surplus / annual deficit EUR 420,212.58
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.27 |
|
|
1 |
Rs.91.15 |
|
Euro |
1 |
Rs.77.50 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.