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Report Date : |
16.03.2013 |
IDENTIFICATION DETAILS
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Name : |
PETREX GMBH |
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Registered Office : |
Wachtendonker Str. 11, D 47906 Kempen |
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|
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Country : |
Germany |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
12.01.1999 |
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Com. Reg. No.: |
HRB 12262 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesaler of chemical products |
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No. of Employees : |
14 |
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 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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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 (31.03.2012) |
Current Rating (30.06.2012) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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 |
Petrex GmbH
Wachtendonker Str. 11
D 47906 Kempen
Telephone: 02152/89418-0
Telefax:
02152/89418-10
Homepage: www.petrexgmbh.com
E-mail:
info@petrexgmbh.com
Company Status: active
DE812637539
115/5734/0664
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 12.01.1999
Shareholders'
agreement: 12.01.1999
Registered on: 23.01.2009
Commercial Register: Local court 47798 Krefeld
under: HRB
12262
Share capital: EUR 75,000.00
Klaus Weiand
Ulmenallee 60
D 45479 Mülheim
born: 09.12.1963
Share: EUR 21,750.00
Shareholder:
Ulrich Sieger
St.-Vither-Str. 34
D 47137 Duisburg
born: 26.08.1955
Share: EUR 21,750.00
Shareholder:
Lars van Weel
NL Helden
Share: EUR 14,250.00
Shareholder:
Peter H. Whiteside
Woodrising, Shooterwa
GB HP4 3NN
Berkhamsted, Hertfordshire
Share: EUR 14,250.00
Shareholder:
Xin He Lu
18880 Longyang Road
RC 221204 Shanghai/China
born: 21.10.1972
Share: EUR 3,000.00
Klaus Weiand
Ulmenallee 60
D 45479 Mülheim
authorized to jointly represent the
company
born: 09.12.1963
Profession: Businessman
Marital status: single
Manager:
Ulrich Sieger
St.-Vither-Str. 34
D 47137 Duisburg
authorized to jointly
represent the company
born: 26.08.1955
Profession: Businessman
Manager:
Lars van Weel
NL Panningen
born: 27.05.1973
Nationality: Dutch
25.05.1999 - 23.01.2009 Petrex GmbH
Werner-Wild-Str. 3
D 47137 Duisburg
Private limited
company
Main
industrial sector
46750
Wholesale of chemical products
Branch:
Petrex GmbH
Werner-Wild-Str. 3
D 47137 Duisburg
TEL.: 0203/4493655
FAX.: 0203/45654-0
Payment experience: within agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2011
Type of ownership: Tenant
Address Wachtendonker
Str. 11
D 47906 Kempen
Real Estate of: Klaus Weiand
Type of ownership: Tenant
Address Ulmenallee
60
D 45479 Mülheim
Land register documents were not
available.
COMMERZBANK, DUISBURG
Sort. code: 35040038, BIC: COBADEFF350
Turnover: 2011 EUR 4,100,000.00
Ac/ts receivable: EUR 1,048,767.00
Liabilities: EUR 1,886,899.00
Employees: 14
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 [%]: 34.05
Liquidity ratio: 0.62
Return on total capital [%]: 9.85
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 36.66
Liquidity ratio: 0.77
Return on total capital [%]: 4.61
Balance
sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 30.38
Liquidity ratio: 0.77
Return on total capital [%]: 3.98
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 20.22
Liquidity ratio: 0.87
Return on total capital [%]: 4.49
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 3,043,695.64
Fixed assets
EUR 94,842.50
Tangible assets
EUR 94,842.50
Other / unspecified tangible assets
EUR 94,842.50
Current assets
EUR 2,923,844.71
Stocks
EUR 1,687,701.01
Accounts receivable
EUR 1,048,766.69
Other debtors and assets
EUR 1,048,766.69
Liquid means
EUR 187,377.01
Remaining other assets EUR 25,008.43
Accruals (assets)
EUR 25,008.43
LIABILITIES EUR 3,043,695.64
Shareholders' equity
EUR 1,036,318.67
Capital EUR 75,000.00
Subscribed capital (share capital)
EUR 75,000.00
Reserves
EUR 1,129.19
Capital reserves
EUR 1,129.19
Balance sheet profit/loss (+/-) EUR 960,189.48
Balance sheet profit / loss
EUR 960,189.48
Provisions
EUR 120,477.52
Liabilities
EUR 1,886,899.45
Other liabilities
EUR 1,886,899.45
Unspecified other liabilities
EUR 1,886,899.45
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 2,009,015.79
Fixed assets
EUR 70,531.50
Tangible assets
EUR 70,531.50
Other / unspecified tangible assets
EUR 70,531.50
Current assets
EUR 1,937,063.35
Stocks
EUR 954,785.94
Accounts receivable
EUR 806,047.04
Other debtors and assets
EUR 806,047.04
Liquid means
EUR 176,230.37
Remaining other assets
EUR 1,420.94
Accruals (assets)
EUR 1,420.94
LIABILITIES EUR 2,009,015.79
Shareholders' equity
EUR 736,463.59
Capital
EUR 75,000.00
Subscribed capital (share capital)
EUR 75,000.00
Reserves EUR 1,129.19
Capital reserves
EUR 1,129.19
Balance sheet profit/loss (+/-)
EUR 660,334.40
Balance sheet profit / loss
EUR 660,334.40
Provisions EUR 46,748.42
Liabilities
EUR 1,225,803.78
Other liabilities
EUR 1,225,803.78
Unspecified other liabilities
EUR 1,225,803.78
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.16 |
|
UK Pound |
1 |
Rs.81.74 |
|
Euro |
1 |
Rs.70.50 |
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 |
|
---- |
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.