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Report Date : |
05.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
PULSAR
RECYCLING GMBH |
|
|
|
|
Registered Office : |
Schikanederstr.
6b D 81241 München |
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|
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Country : |
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|
|
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
08.03.2010 |
|
|
|
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Legal Form : |
Private
limited company |
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Line of Business : |
·
Wholesale
of paper and paperboard, stationery, office supplies, books,periodicals and
newspapers ·
Wholesale
of non-ferrous ores, metals and metal ·
Wholesale
of other wooden semi-finished goods and construction materials |
|
|
|
|
No. of Employees |
05 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow but correct |
|
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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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, has contributed to strong growth 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 5.3% in 2013. The new German government introduced a minimum wage of $11 per hour to take effect in 2015. 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 and 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. 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 |
PULSAR RECYCLING GMBH
Company Status: active
Schikanederstr. 6b
D 81241 München
Telephone:089/63852485
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 08.03.2010
Shareholders'
agreement: 08.03.2010
Registered on: 31.03.2010
Commercial Register: Local court 80333 München
under: HRB
184961
Share capital: EUR 25,000.00
Shareholder:
Dr. Yatin Jatindra
Marathe
Schikanederstr. 6b
D 81241 München
born: 31.05.1961
Share: EUR 25,000.00
Manager:
Dr. Yatin Jatindra
Marathe
Schikanederstr. 6b
D 81241 München
having sole power of
representation
born: 31.05.1961
Further functions/participations of Dr. Yatin
Jatindra Marathe
(Manager)
Shareholder:
ExeQwork GmbH
Schneidmühlstr. 17
D 69115 Heidelberg
Legal form: Private
limited company
Share capital: EUR 32,000.00
Share: EUR 6,250.00
Registered
on: 09.03.2009
Reg. data: 68159 Mannheim, HRB 706254
31.03.2010 - 12.06.2014 Pulsar Recycling UG (haftungsbeschränkt)
Schikanederstr. 6b
D 81241 München
Entrepreneur Company
(limited liability)
Main industrial sector
46494
Wholesale of paper and paperboard, stationery, office supplies,
books,periodicals and newspapers
46722 Wholesale of non-ferrous ores, metals and
metal semi-finished goods
46733 Wholesale of other wooden semi-finished
goods and construction materials
Payment
experience: within periods customary in
this trade
Negative information:We have no negative
information at hand.
BALANCE SHEET YEAR: 2012
Type of ownership: Tenant
Address Schikanederstr. 6b
D 81241 München
Land register documents were not available.
A bank connection is unknown.
Turnover: 2013 *EUR 1,083,000.00
Profit: 2012 EUR 17,703.00
further business figures:
Equipment: EUR 1.00
Ac/ts receivable: EUR 69,418.00
Liabilities: EUR 57,365.00
Employees: 5
The business figures marked with an asterisk
are estimates based on average values in the line of business.
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 69.02
Liquidity ratio: 10.00
Return on total capital
[%]: 12.27
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 39.14
Liquidity ratio: 2.39
Return on total capital
[%]: 22.88
Balance sheet ratios 08.03.2010 - 31.12.2010
Equity ratio [%]: 41.38
Liquidity ratio: 2.22
Return on total capital
[%]: -5.24
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: 01.01.2012
- 31.12.2012
ASSETS EUR 144,251.07
Fixed assets EUR 0.50
Tangible assets EUR 0.50
Other tangible assets /
fixtures and
fittings EUR 0.50
Current assets EUR 144,213.57
Accounts receivable EUR 69,417.76
Trade debtors EUR 69,192.47
Other debtors and
assets EUR 225.29
Liquid means EUR 74,795.81
Remaining other
assets EUR 37.00
Accruals (assets) EUR 37.00
LIABILITIES EUR 144,251.07
Shareholders' equity EUR 56,354.63
Capital EUR 4,000.00
Subscribed capital
(share capital) EUR 4,000.00
Balance sheet profit/loss
(+/-) EUR 52,354.63
Profit / loss brought
forward EUR 34,651.86
Annual surplus / annual
deficit EUR 17,702.77
Provisions EUR 30,531.00
Provisions for taxes EUR 25,731.00
Other / unspecified
provisions EUR 4,800.00
Liabilities EUR 57,365.44
Other liabilities EUR 57,365.44
Trade creditors (for IAS
incl. bills
of exchange) EUR 13,755.13
Unspecified other
liabilities EUR 43,610.31
TYPE OF BALANCE SHEET: COMPANY BALANCE SHEET
FINANCIAL YEAR: 01.01.2011 - 31.12.2011
ASSETS EUR 199,822.48
Current assets EUR 199,822.48
Accounts receivable EUR 167,984.55
Trade debtors EUR 167,984.55
Liquid means EUR 31,837.93
LIABILITIES EUR 199,822.48
Shareholders' equity EUR 38,651.86
Capital EUR 4,000.00
Subscribed capital
(share capital) EUR 4,000.00
Balance sheet profit/loss
(+/-) EUR 34,651.86
Profit / loss brought
forward EUR -11,061.54
Annual surplus / annual
deficit EUR 45,713.40
Provisions EUR 19,426.00
Provisions for taxes EUR 17,026.00
Other / unspecified
provisions EUR 2,400.00
Liabilities EUR 141,744.62
Other liabilities EUR 141,744.62
Trade creditors (for IAS
incl. bills
of exchange) EUR 82,186.24
Unspecified other liabilities EUR 59,558.38
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.02 |
|
|
1 |
Rs.102.69 |
|
Euro |
1 |
Rs.81.91 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NIS |
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.