MIRA INFORM REPORT

 

 

Report Date :

26.12.2014

 

IDENTIFICATION DETAILS

 

Name :

PANTRAC GMBH

 

 

Registered Office :

D 10367 Berlin

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

21.07.1994

 

 

Com. Reg. No.:

62328

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture of Electronic Components.

 

 

No. of Employee :

92

 

 

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 – September 30, 2014

 

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

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

 

 

 

 

 

Company name and address           

 

PANTRAC GMBH

 

 Company Status:          active

                                    Vulkanstr. 13

                                     D 10367 Berlin

                                    Telephone:030/554970

                                    Telefax:  030/55497300

Homepage:                   www.pantrac.de

E-mail:                          central@pantrac.de

VAT no.:                       DE812189425

Tax ID number:              37/182/20174

 

 

 CONCLUSION

 

 Business relations are permissible.

 

 

 LEGAL FORM              Private limited company

 Date of foundation:      21.07.1994

 Shareholders'

 agreement:                   21.07.1994

 Registered on:             01.04.1997

 Commercial Register:   Local court 14057 Berlin

 under:                          HRB 62328 B

 

 

 Share capital               

 

EUR             26,000.00

 

 

 Shareholder:

                      E-Carbon S.A.

                      B  Brüssel

                      Legal form: Other legal form

                      Share:             EUR             26,000.00

 Manager:

                      Dr. Michael Kobel

                      D 01445 Radebeul

                      born: 26.05.1965

 Proxy:

                      Doris Bawey

                      D 10115 Berlin

                      having sole power of representation

                      born: 27.10.1952

 

 Further functions/participations of Dr. Michael Kobel (Manager)

 

 Shareholder:

                      TST Technische Systeme GmbH

                      Wiesenweg 1

                      D 04934 Hohenleipisch

                      Legal form: Private limited company

                      Share capital:     EUR             30,000.00

                      Share:             EUR             30,000.00

                      Registered

                      on:         11.08.2011

                      Reg. data:  03044 Cottbus, HRB 9010 CB

 Manager:

                      TST Technische Systeme GmbH

                      Wiesenweg 1

                      D 04934 Hohenleipisch

                      Legal form: Private limited company

                      Share capital:     EUR             30,000.00

                      Registered

                      on:         11.08.2011

                      Reg. data:  03044 Cottbus, HRB 9010 CB

 

 

 COMPANY HISTORY

 

 21.07.1994 - 31.03.1997  TAT-Vermögensverwaltung GmbH

                          Mannheimer Str. 66

                          D 68782 Brühl

                          Private limited company

 01.04.1997 - 31.12.2000  SGL PanTac Gesellschaft für elektrische

                          Kontakte mbH

                          Herzbergstr. 130

                          D 10365 Berlin

                          Private limited company

 01.01.2001 - 27.08.2002  SGL PanTac Gesellschaft für elektrische

                          Kontakte mbH

                          Vulkanstr. 13

                          D 10367 Berlin

                          Private limited company

 28.08.2002 - 02.06.2003  SGL PanTrac Gesellschaft für elektrische

                          Kontakte mbH

                          Vulkanstr. 13

                          D 10367 Berlin

                          Private limited company

 

 

 RESIGNED ACTING PERSONS AND SHAREHOLDERS

 

 13.07.2006 - 04.04.2014  Manager

                          Helmut Pinger

                          D 10367 Berlin

 

 

 BUSINESS ACTIVITIES

 

 Main industrial sector

 2611    Manufacture of electronic components

 

 Secondary industrial sector

 2899    Manufacture of other special-purpose machinery n.e.c.

 

 

 FINANCIAL INFORMATION

 

 Payment experience:  within periods customary in this trade

 

 Negative information:We have no negative information at hand.

 

Balance sheet year:  2012

 

 

 REAL ESTATE

 

 Type of ownership:       Tenant

 Address                       Vulkanstr. 13

                                    D 10367 Berlin

 

 Land register documents were not available.

 

 

 BANKERS

 

 KBC BANK DEUTSCHLAND, 40212 DÜSSELDORF

 Sort. code: 30120500, Account no.: 288017

 BIC: BANVDEHB300, IBAN: DE33301205000000288017

 LANDESBANK BERLIN - BERLINER SPARKASSE, 10889 BERLIN

 Sort. code: 10050000, Account no.: 370014049

 BIC: BELADEBEXXX, IBAN: DE74100500000370014049

 

 

 FINANCIAL FIGURES

 

 Gross profit or loss:2012               EUR          6,955,296.00

                      2013               EUR          6,900,000.00

 Profit:              2012               EUR           -574,418.00

 further business figures:

 Equipment:                              EUR             62,682.00

 Ac/ts receivable:                       EUR          1,904,976.00

 Liabilities:                            EUR          6,415,730.00

 Employees:                                                     92

 - thereof permanent staff:                                     92

 

 BALANCE SHEETS

 

 Balance sheet ratios 01.01.2012 - 31.12.2012

 Equity ratio [%]:                 24.49

 Liquidity ratio:                   0.32

 Return on total capital [%]:      -5.68

 

 Balance sheet ratios 01.01.2011 - 31.12.2011

 Equity ratio [%]:                 36.83

 Liquidity ratio:                   0.52

 Return on total capital [%]:       0.02

 

 Balance sheet ratios 01.01.2010 - 31.12.2010

 Equity ratio [%]:                 45.13

 Liquidity ratio:                   1.08

 Return on total capital [%]:      13.23

 

 Balance sheet ratios 01.01.2009 - 31.12.2009

 Equity ratio [%]:                 41.81

 Liquidity ratio:                   0.67

 Return on total capital [%]:       4.22

 

 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         10,462,719.12

  Fixed assets                           EUR          2,703,942.88

   Intangible assets                     EUR            681,837.75

   Tangible assets                       EUR          2,022,105.13

    Land / similar rights                EUR             51,803.14

    Plant / machinery                    EUR            987,633.96

    Other tangible assets / fixtures and

    fittings                             EUR             62,682.41

    Advance payments made / construction

    in progress                          EUR            919,985.62

  Current assets                         EUR          7,668,138.70

   Stocks                                EUR          5,326,339.20

   Accounts receivable                   EUR          1,904,976.39

   Liquid means                          EUR            436,823.11

  Remaining other assets                 EUR             90,637.54

   Accruals (assets)                     EUR             90,637.54

 

 LIABILITIES                             EUR         10,462,719.12

  Shareholders' equity                   EUR          2,819,287.93

   Capital                               EUR             26,000.00

    Subscribed capital (share capital)   EUR             26,000.00

   Reserves                              EUR            639,114.85

    Capital reserves                     EUR            639,114.85

   Balance sheet profit/loss (+/-)       EUR          2,154,173.08

    Profit / loss brought forward        EUR          2,728,590.61

    Annual surplus / annual deficit      EUR           -574,417.53

  Provisions                             EUR          1,227,701.11

  Liabilities                            EUR          6,415,730.08

 

 PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.

 Code (HGB)

  Gross result (+/-)                     EUR          6,955,295.68

  Staff expenses                         EUR          3,924,382.35

   Wages and salaries                    EUR          3,305,428.72

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR            618,953.63

  Total depreciation                     EUR            269,871.31

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR            269,871.31

  Other operating expenses               EUR          3,135,853.98

  Operating result from continuing

  operations                             EUR           -374,811.96

  Interest result (+/-)                  EUR           -201,345.59

   Interest and similar income           EUR              4,084.03

   Interest and similar expenses         EUR            205,429.62

  Financial result (+/-)                 EUR           -201,345.59

  Result from ordinary operations (+/-)  EUR           -576,157.55

  Income tax / refund of income tax (+/-)EUR              3,080.02

  Other taxes / refund of taxes          EUR             -1,340.00

  Tax (+/-)                              EUR              1,740.02

  Annual surplus / annual deficit        EUR           -574,417.53

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2011 - 31.12.2011

 

 ASSETS                                  EUR          9,130,314.75

  Fixed assets                           EUR          1,331,907.40

   Intangible assets                     EUR             96,844.75

    Other / unspecified intangible assetsEUR             96,844.75

   Tangible assets                       EUR          1,235,062.65

    Land / similar rights                EUR             30,852.35

    Plant / machinery                    EUR            728,499.84

    Other tangible assets / fixtures and

    fittings                             EUR             64,735.99

    Advance payments made / construction

    in progress                          EUR            410,974.47

  Current assets                         EUR          7,703,387.22

   Stocks                                EUR          5,348,123.14

   Accounts receivable                   EUR          2,154,455.57

    Other debtors and assets             EUR          2,154,455.57

   Liquid means                          EUR            200,808.51

  Remaining other assets                 EUR             95,020.13

   Accruals (assets)                     EUR             95,020.13

 

 LIABILITIES                             EUR          9,130,314.75

  Shareholders' equity                   EUR          3,393,705.46

   Capital                               EUR             26,000.00

    Subscribed capital (share capital)   EUR             26,000.00

   Reserves                              EUR            639,114.85

    Capital reserves                     EUR            639,114.85

   Balance sheet profit/loss (+/-)       EUR          2,728,590.61

    Profit / loss brought forward        EUR          2,726,337.31

    Annual surplus / annual deficit      EUR              2,253.30

  Provisions                             EUR          1,383,611.31

  Liabilities                            EUR          4,352,997.98

   Other liabilities                     EUR          4,352,997.98

    Unspecified other liabilities        EUR          4,352,997.98

 

 PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.

 Code (HGB)

  Gross result (+/-)                     EUR          7,250,202.85

  Staff expenses                         EUR          3,722,830.29

   Wages and salaries                    EUR          3,196,152.24

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR            526,678.05

  Total depreciation                     EUR            212,485.58

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR            212,485.58

  Other operating expenses               EUR          3,217,207.15

  Operating result from continuing

  operations                             EUR             97,679.83

  Interest result (+/-)                  EUR            -96,081.64

   Interest and similar income           EUR              3,325.78

   Interest and similar expenses         EUR             99,407.42

  Financial result (+/-)                 EUR            -96,081.64

  Result from ordinary operations (+/-)  EUR              1,598.19

  Income tax / refund of income tax (+/-)EUR              1,854.11

  Other taxes / refund of taxes          EUR             -1,199.00

  Tax (+/-)                              EUR                655.11

  Annual surplus / annual deficit        EUR              2,253.30`

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.46

UK Pound

1

Rs.98.51

Euro

1

Rs.77.31

 

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

ANK

 

 

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%)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.