|
Report Date : |
18.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
TRÜTZSCHLER NONWOVENS GMBH |
|
|
|
|
Registered Office : |
Halterner Str.
70, D 48249 Dülmen |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
17.02.1993 |
|
|
|
|
Com. Reg. No.: |
HRB 6458 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
Manufacture of other electric equipment |
|
|
|
|
No. of Employees : |
Not Available |
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 : |
Regular |
|
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 |
|
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 |
Trützschler Nonwovens GmbH
Halterner Str. 70
D 48249 Dülmen
Telephone:02594/7830780
Telefax: 02594/78307839
Homepage: www.erko.de
E-mail: info-erko@truetzschler.de
DE156129063
312/5803/0097
LEGAL FORM Private limited company
Date of foundation: 1993
Begin of business
activities: 1993
Shareholders'
agreement: 17.02.1993
Registered on: 02.04.1993
Commercial Register: Local court 48653 Coesfeld
under: HRB 6458
Share capital: EUR 2,143,000.00
ABIC GmbH
Duvenstr. 82-92
D 41199
Mönchengladbach
Legal form:
Private limited company
Share
capital: EUR 5,000,000.00
Share: EUR 2,143,000.00
Registered on:
23.06.1988
Reg. data: 41061
Mönchengladbach, HRB 3364
Leen Osterloh
Leverkuser Str. 65
D 42897 Remscheid
born: 03.03.1975
Manager
Stefan Flöth
Doergensstr. 4
D 41751 Viersen
having sole power
of representation
born: 07.11.1968
Manager:
Marc Wolpers
Coesfelder Str.
243a
D 48249 Dülmen
born: 06.02.1972
Profession:
Businessman
Berthold Schulz
D 48249 Dülmen
authorized to
jointly represent the company
born: 21.06.1955
President of the
Board of Management:
Trützschler
Nonwovens & Man-Made Fibers GmbH
Wolfsgartenstr. 6
D 63329 Egelsbach
Legal form:
Private limited company
Share
capital: EUR 7,500,000.00
Registered
on: 21.01.2004
Reg. data: 63065 Offenbach, HRB 40813
Manager:
Oerlikon Textile
Verwaltungs GmbH
Leverkuser Str. 65
D 42897 Remscheid
Legal form:
Private limited company
dissolved
Share
capital: EUR 250,000.00
Registered
on: 29.01.2008
Reg. data: 42103 Wuppertal, HRB 20904
Liquidator:
Waters Beteiligungs
GmbH
Doergensstr. 4
D 41751 Viersen
Legal form:
Private limited company in
liquidation
Share
capital: EUR 25,500.00
Registered
on: 28.06.2006
Reg. data: 41061 Mönchengladbach, HRB 11711
Further functions/participations
of Marc Wolpers (Manager)
Manager:
Trützschler
Nonwovens & Man-Made Fibers GmbH
Wolfsgartenstr. 6
D 63329 Egelsbach
Legal form:
Private limited company
Share
capital: EUR 7,500,000.00
Registered
on: 21.01.2004
Reg. data: 63065 Offenbach, HRB 40813
02.04.1993 -
12.04.2011 ERKO Trützschler GmbH
Halterner Str. 70
D 48249 Dülmen
Private limited
company
RESIGNED ACTING
PERSONS AND SHAREHOLDERS
20.04.2004 -
12.07.2010 Manager
Erwin Kock
D 48249 Dülmen
Main industrial
sector
27900 Manufacture of other electric equipment
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 Halterner Str. 70
D 48249 Dülmen
Real Estate
of: ABIC GmbH
Type of
ownership: Tenant
Address Duvenstr. 82-92
D 41199
Mönchengladbach
Land register
documents were not available.
Principal bank
SPARKASSE
WESTMÜNSTERLAND, DÜLMEN
Sort. code:
40154530, Account no.: 188466, BIC: WELADE3WXXX
Further banks
COMMERZBANK,
DÜLMEN
Sort. code:
40040028, BIC: COBADEFF400
DEUTSCHE BANK,
DÜSSELDORF
Sort. code: 30070010,
BIC: DEUTDEDDXXX
Gross profit or
loss:2011 EUR 7,296,606.00
Profit: 2011 EUR 14,741.00
Equipment: EUR 331,055.00
Ac/ts receivable: EUR 1,032,923.00
Liabilities: EUR 8,434,929.00
Employees:
100
Balance sheet
ratios 01.01.2011 - 31.12.2011
Equity ratio
[%]: 42.03
Liquidity
ratio: 0.18
Return on total
capital [%]: -31.56
Balance sheet
ratios 01.01.2010 - 31.12.2010
Equity ratio
[%]: 39.31
Liquidity
ratio: 0.20
Return on total
capital [%]: -30.04
Balance sheet
ratios 01.01.2009 - 31.12.2009
Equity ratio
[%]: 49.64
Liquidity
ratio: 0.24
Return on total
capital [%]: -10.92
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 12,056,075.13
Fixed assets EUR 10,456,109.34
Intangible
assets EUR 126,099.00
Other / unspecified
intangible assetsEUR
126,099.00
Tangible
assets EUR 10,330,010.34
Other / unspecified
tangible assets EUR 10,330,010.34
Current assets EUR 1,594,376.89
Stocks EUR 366,089.45
Accounts
receivable EUR 1,032,922.88
Other debtors and
assets EUR 1,032,922.88
Liquid means EUR 195,364.56
Remaining other
assets EUR 5,588.90
Accruals
(assets) EUR 5,588.90
LIABILITIES EUR 12,056,075.13
Shareholders'
equity EUR 2,597,145.67
Capital EUR 2,143,000.00
Subscribed capital
(share capital) EUR 2,143,000.00
Reserves EUR 407,000.00
Capital
reserves EUR 407,000.00
Balance sheet
profit/loss (+/-) EUR 47,145.67
Balance sheet
profit / loss EUR 47,145.67
Provisions EUR 1,024,000.00
Liabilities EUR 8,434,929.46
Other
liabilities EUR 8,434,929.46
Unspecified other
liabilities EUR 8,434,929.46
PROFIT AND LOSS
ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Gross result
(+/-) EUR 7,296,606.25
Staff expenses EUR 6,052,694.48
Wages and
salaries EUR 5,078,559.21
Social security
contributions and
expenses for
pension plans and
benefits EUR 974,135.27
Total
depreciation EUR 561,378.74
Depreciation on
tangible / intangible
asssets (incl.
start-up and exp. of
bus. EUR 561,378.74
Other operating
expenses EUR 4,181,590.75
Operating result
from continuing
operations EUR -3,499,057.72
Interest result
(+/-) EUR -256,212.75
Interest and
similar income EUR 1,574.82
Interest and
similar expenses EUR 257,787.57
Financial result
(+/-) EUR -256,212.75
Result from
ordinary operations (+/-) EUR -3,755,270.47
Extraordinary
income EUR 3,800,000.00
Extraordinary
result (+/-) EUR 3,800,000.00
Income tax / refund
of income tax (+/-)EUR
-0.54
Other taxes /
refund of taxes EUR -29,988.42
Tax (+/-) EUR -29,988.96
Annual surplus /
annual deficit EUR 14,740.57
Type of balance
sheet: Company balance sheet
Financial
year: 01.01.2010 - 31.12.2010
ASSETS EUR 11,324,453.58
Fixed assets EUR 9,309,248.00
Intangible
assets EUR 22,732.00
Other / unspecified
intangible assetsEUR
22,732.00
Tangible
assets EUR 9,286,516.00
Other / unspecified
tangible assets EUR 9,286,516.00
Current assets EUR 2,009,981.70
Accounts
receivable EUR 883,714.16
Other debtors and
assets EUR 883,714.16
Liquid means EUR 1,126,267.54
Remaining other
assets EUR 5,223.88
Accruals
(assets) EUR 5,223.88
LIABILITIES EUR 11,324,453.58
Shareholders'
equity EUR 2,582,405.10
Capital EUR 2,143,000.00
Subscribed capital
(share capital) EUR 2,143,000.00
Reserves EUR 407,000.00
Capital
reserves EUR 407,000.00
Balance sheet
profit/loss (+/-) EUR 32,405.10
Balance sheet
profit / loss EUR 32,405.10
Provisions EUR 1,242,400.00
Liabilities EUR 7,499,648.48
Other
liabilities EUR 7,499,648.48
Unspecified other
liabilities EUR 7,499,648.48
PROFIT AND LOSS
ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Gross result
(+/-) EUR 6,615,486.97
Staff expenses EUR 5,361,999.39
Wages and
salaries EUR 4,487,930.53
Social security
contributions and
expenses for
pension plans and
benefits EUR 874,068.86
Total
depreciation EUR
494,159.65
Depreciation on
tangible / intangible
asssets (incl.
start-up and exp. of
bus. EUR 494,159.65
Other operating
expenses EUR 3,855,648.48
Operating result
from continuing
operations EUR -3,096,320.55
Interest result
(+/-) EUR -280,875.23
Interest and
similar income EUR 8,062.80
Interest and
similar expenses EUR 288,938.03
Financial result
(+/-) EUR -280,875.23
Result from
ordinary operations (+/-) EUR -3,377,195.78
Extraordinary
income EUR 3,402,508.00
Extraordinary
result (+/-) EUR 3,402,508.00
Income tax / refund
of income tax (+/-)EUR
36.00
Other taxes /
refund of taxes EUR -20,959.66
Tax (+/-) EUR -20,923.66
Annual surplus /
annual deficit EUR 4,388.56
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.16 |
|
|
1 |
Rs.81.74 |
|
Euro |
1 |
Rs.70.50 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.