MIRA INFORM REPORT
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Report Date : |
23.09.2013 |
IDENTIFICATION DETAILS
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Name : |
CPC WOLFGANG MUHLBAUER GMBH |
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Registered Office : |
Albert-Einstein-Ring 11-13, Hamburg, 22761 |
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Country : |
Germany |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
06.12.1971 |
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Com. Reg. No.: |
HRB14421 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Engaged in wholesale of industrial chemicals |
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No. of Employees : |
5 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 : |
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 and address
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CPC Wolfgang Muhlbauer GmbH |
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Employees: |
5 |
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Company Type: |
Private Subsidiary |
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Corporate
Family: |
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Ultimate
Parent: |
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Incorporation
Date: |
06-Dec-1971 |
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Fiscal Year End:
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31-Dec-2011 |
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Reporting
Currency: |
Euro |
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Annual Sales: |
NA |
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Total Assets: |
3.3 |
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Business Description |
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CPC Wolfgang Mühlbauer GmbH is primarily
engaged in wholesale of industrial chemicals (aniline, printing ink,
essential oils, industrial gases, chemical glues, colouring matter, synthetic
resin, methanol, paraffin, scents and flavourings, soda, industrial salt,
acids and sulphur, starch derivatives, etc.); wholesale of fertilisers and
agro-chemical products; wholesale of plastic materials in primary forms; and
wholesale of rubber. |
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Industry |
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Industry |
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ANZSIC 2006: |
3323 - Industrial and Agricultural Chemical Product
Wholesaling |
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ISIC Rev 4: |
4669 - Wholesale of waste and scrap and other products
n.e.c. |
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NACE Rev 2: |
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NAICS 2012: |
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UK SIC 2007: |
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US SIC 1987: |
5169 - Chemicals and Allied Products, Not Elsewhere
Classified |
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Registered No.(Other)
HRB14421
Parent Registered No.(UK): DEU
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7191895
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR
0.770327
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Corporate Structure News: |
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Andenex - Chemie Engelhard + Partner GmbH |
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CPC Wolfgang Mühlbauer GmbH |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Hamburg, Hamburg |
Germany |
Chemical Wholesale |
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23 |
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Subsidiary |
Hamburg, Hamburg |
Germany |
Chemical Wholesale |
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5 |
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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 |
0.1 |
0.1 |
0.2 |
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Annual Balance Sheet |
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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 |
0.3 |
0.3 |
0.4 |
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Total reserves |
0.8 |
0.8 |
0.9 |
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Profits for the year |
0.2 |
0.0 |
0.3 |
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Profit brought forward from previous
year(s) |
- |
0.0 |
- |
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Total
stockholders equity |
1.3 |
1.2 |
1.5 |
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Provisions and allowances |
0.1 |
0.1 |
0.2 |
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Total current
liabilities |
2.0 |
3.0 |
3.1 |
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Total
liabilities (including net worth) |
3.3 |
4.2 |
4.8 |
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Intangibles |
- |
- |
0.0 |
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Total tangible
fixed assets |
0.0 |
0.0 |
0.0 |
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Total
non-current assets |
0.0 |
0.0 |
0.0 |
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Net stocks and work in progress |
1.3 |
1.9 |
1.5 |
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Total
receivables |
1.9 |
2.3 |
2.4 |
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Cash and liquid assets |
0.1 |
0.0 |
0.8 |
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Total current
assets |
3.3 |
4.2 |
4.8 |
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Prepaid expenses and deferred costs |
- |
0.0 |
0.0 |
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Total assets |
3.3 |
4.2 |
4.8 |
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Annual Ratios |
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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 |
16.90 |
14.00 |
15.36 |
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Acid test ratio |
10.10 |
7.59 |
10.44 |
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Total liabilities to net worth |
0.15% |
0.26% |
0.20% |
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Net worth to total assets |
0.04% |
0.03% |
0.03% |
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Current liabilities to net worth |
0.15% |
0.26% |
0.20% |
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Current liabilities to stock |
0.15% |
0.16% |
0.20% |
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Fixed assets to net worth |
0.00% |
0.00% |
0.00% |
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Net worth |
1.3 |
1.2 |
1.5 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.62.24 |
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1 |
Rs.99.89 |
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Euro |
1 |
Rs.84.22 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.