|
Report Date : |
10.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
URACA GMBH & CO. KG |
|
|
|
|
Registered Office : |
Sirchinger Str. 15, D 72574 Bad Urach |
|
|
|
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Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
1893 |
|
|
|
|
Com. Reg. No.: |
HRA 360415 |
|
|
|
|
Legal Form : |
Ltd partnership with priv. ltd.
company as general partner |
|
|
|
|
Line of Business : |
·
Manufacture
of pumps and compressors ·
Wholesale of other
machinery, equipment and supplies |
|
|
|
|
No. of Employees : |
330 |
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 : |
No complaints |
|
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, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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 6.5% 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.
|
Source
: CIA |
URACA GMBH & CO. KG
Company Status: active
Sirchinger Str. 15
D 72574 Bad Urach
Telephone:07125/133-0
Telefax: 07125/133-202
Homepage:
www.uraca.de
E-mail: info@uraca.de
VAT no.: DE141172920
Tax ID number: 89079/40530
Business relations are permissible.
LEGAL FORM Ltd
partnership with priv. ltd. company as general partner
Date of foundation: 1893
Registered on: 13.06.1922
Register of
companies: Local
court 70190 Stuttgart
under: HRA
360415
Total cap. contribution: EUR 3,579,042.45
Limited
partner:
Maria Guberan
Am Kälberburren
D 72574 Bad Urach
born: 12.07.1932
Share: EUR 1,521,118.19
Limited
partner:
Verena Dettinger-Müller
D 68723 Oftersheim
born: 28.11.1966
Share: EUR 760,546.68
Limited
partner:
Cornelia Köhler
D 63739 Aschaffenburg
born: 22.03.1968
Share: EUR 760,546.67
Limited
partner:
Gabriele Fleischer
D 45147 Essen
Share: EUR 536,830.91
General
partner:
URACA Geschäftsführungs
GmbH
Sirchinger Str. 15
D 72574 Bad Urach
Legal form: Private
limited company
Share capital: EUR 358,000.00
Registered on: 15.01.1976
Reg. data: 70190
Stuttgart, HRB 360121
Shareholder:
Maria Guberan
Am Kälberburren
D 72574 Bad Urach
born: 12.07.1932
Share: EUR 152,150.00
Shareholder:
Verena Dettinger-Müller Cornelia
Köhler
D 72574 Bad Urach
Legal form: Community of
heirs
Share: EUR 152,150.00
Shareholder:
Gabriele Fleischer
D 45147 Essen
Share: EUR 53,700.00
Manager:
Gunter Stör
D 72584 Hülben
born: 17.11.1962
Manager:
Johann Amon
D 71131 Jettingen
born: 29.11.1950
Proxy:
Robert Zimmermann
D 72574 Bad Urach
authorized to jointly
represent the company
born:
09.05.1964
Proxy:
Robert Zimmermann
D 72574 Bad Urach
authorized to jointly
represent the company
born: 09.05.1964
13.06.1922
- 11.12.2012 URACA PUMPENFABRIK GmbH & Co.
Kommanditgesellschaft
Sirchinger Str. 15
D 72574 Bad Urach
Ltd partnership with priv.
ltd. Company as general partner
Sectors
28130
Manufacture of pumps and compressors n.e.c.
4669 Wholesale of other machinery, equipment
and supplies
Payment experience: cash discount/within agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2011
Type of ownership: proprietor
Share: 100.00 %
Address Sirchinger
Str. 15
D 72574 Bad Urach
Value at selling price: EUR 4,500,000.00
Real Estate of: URACA
Geschäftsführungs GmbH
Type of ownership: Tenant
Address Sirchinger
Str. 15
D 72574 Bad Urach
Land register documents were not available.
Principal bank
DEUTSCHE BANK, 72704 REUTLINGEN
Sort. code: 64070085, Account no.: 123190
BIC: DEUTDESS640
Further banks
KREISSPARKASSE REUTLINGEN, 72574 BAD URACH
Sort. code: 64050000
BIC: SOLADES1REU
VOLKSBANK METZINGEN-BAD URACH, 72542
METZINGEN, WÜRTT
Sort. code: 64091200, Account no.: 31027008
BIC: GENODES1MTZ
KREISSPARKASSE REUTLINGEN, 72710 REUTLINGEN
Sort. code: 64050000, Account no.: 307552
BIC: SOLADES1REU
Turnover: 2012 EUR 53,519,443.00
2013 EUR 54,000,000.00
further business figures:
Equipment: EUR 1,692,819.00
Ac/ts receivable: EUR 6,967,294.00
Liabilities: EUR 29,856,512.00
Total numbers of vehicles: 25
- Lorries:
10
- Passenger cars: 11
Total value of vehicles: EUR
450,000.00
- Lorries: EUR 150,000.00
- Passenger cars: EUR
300,000.00
Employees:
330
- thereof permanent staff: 280
- Part-time employees: 15
- Trainees:
25
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 75.29
Liquidity ratio: 10.00
Return on total capital [%]: 21.09
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 74.71
Liquidity ratio: 10.00
Return on total capital [%]: 13.84
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity
ratio [%]: 77.71
Liquidity ratio: 10.00
Return on total capital [%]: 11.71
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 66.32
Liquidity ratio: 10.00
Return
on total capital [%]: 32.36
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 50,498,915.61
Fixed assets
EUR 11,557,061.64
Intangible assets
EUR 209,165.00
Concessions, licences, rights
EUR 209,165.00
Tangible assets
EUR 11,174,942.59
Land / similar rights
EUR 3,750,978.70
Plant / machinery
EUR 4,216,048.00
Other tangible assets / fixtures and
fittings
EUR 1,692,818.51
Advance payments made / construction
in progress
EUR 1,515,097.38
Financial assets EUR 172,954.05
Shares in participations /
subsidiaries and the like
EUR 172,954.05
Shares in related companies
EUR 165,454.05
Shares in investee companies
EUR 7,500.00
Current assets
EUR 38,790,717.78
Stocks
EUR 11,195,322.08
Raw materials, consumables and
supplies
EUR 1,595,906.46
Finished goods / work in progress
EUR 9,549,050.00
Advance payments made
EUR 50,365.62
Accounts receivable
EUR 6,967,293.94
Trade debtors
EUR 6,105,547.70
Amounts due from related companies
EUR 278,310.87
Other debtors and assets
EUR 583,435.37
Investments in current assets
EUR 12,058,689.27
Liquid means
EUR 8,569,412.49
Remaining other assets
EUR 151,136.19
Accruals (assets)
EUR 80,682.36
Active difference from asset
offsetting
EUR 70,453.83
LIABILITIES EUR 50,498,915.61
Shareholders' equity
EUR 16,000,000.00
Capital
EUR 5,000,000.00
Capital of the fully liable partner
(LP, general partnership)
EUR 76,958.00
Fixed capital / accounts, capital
account I
EUR 76,958.00
Limited partner's capital / capital
of partially liable partner (LP)
EUR 4,923,042.00
Limited partner's capital, fixed
capital, capital account I
EUR 4,923,042.00
Reserves
EUR 11,000,000.00
Provisions
EUR 4,642,404.00
Pension
provisions and comparable
provisions
EUR 1,753,544.00
Provisions for taxes
EUR 513,500.00
Other / unspecified provisions
EUR 2,375,360.00
Liabilities EUR 29,856,511.61
Financial debts
EUR 3,359,998.00
Liabilities due to banks
EUR 3,359,998.00
Other liabilities
EUR 26,496,513.61
Trade
creditors (for IAS incl. bills
of exchange)
EUR 2,712,611.02
Liabilities from received advance
payments
EUR 1,400,414.67
Liabilities due to shareholders
EUR 22,023,142.93
Liabililties due to related companiesEUR 2,883.13
Liabilities due to investee companiesEUR 6,607.85
Unspecified other liabilities
EUR 350,854.01
Guarantees and other commitments EUR 189,900.00
Discounted bills of exchange
EUR 189,900.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm. Code (HGB)
Sales EUR 54,553,998.74
Inventory change + own costs (+/-)
EUR 693,068.75
Inventory change (+/-)
EUR 578,515.00
Capitalised own costs
EUR 114,553.75
Other operating income
EUR 526,244.18
Cost of materials
EUR 16,199,039.22
Raw materials and supplies, purchased
goods
EUR 14,714,706.25
Purchased services
EUR 1,484,332.97
Gross result (+/-)
EUR 39,574,272.45
Staff expenses
EUR 19,353,522.81
Wages and salaries
EUR 16,305,821.41
Social security contributions and
expenses for pension plans and
benefits
EUR 3,047,701.40
Total depreciation
EUR 1,861,754.89
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,861,754.89
Other operating expenses
EUR 4,954,744.84
Operating result from continuing
operations
EUR 13,404,249.91
Interest result (+/-)
EUR -987,002.30
Interest and similar income
EUR 458,252.25
Interest and similar expenses
EUR 1,445,254.55
Other financial result
EUR -6,624.00
Depreciation on financial assets and
marketable securities
EUR 6,624.00
Financial result (+/-)
EUR -993,626.30
Result from ordinary operations (+/-)
EUR 12,410,623.61
Income tax / refund of income tax (+/-)EUR -1,741,082.86
Other taxes / refund of taxes
EUR -17,745.36
Tax (+/-)
EUR -1,758,828.22
Annual surplus / annual deficit
EUR 10,651,795.39
Type of
balance sheet: Company balance
sheet
Financial
year: 01.01.2010 - 31.12.2010
ASSETS EUR 49,154,732.21
Fixed assets
EUR 10,444,287.94
Intangible assets
EUR 268,328.00
Concessions, licences, rights
EUR 268,328.00
Tangible assets
EUR 10,003,005.89
Land / similar rights
EUR 3,859,999.74
Plant / machinery
EUR 4,448,884.00
Other tangible assets / fixtures and
fittings
EUR 1,607,900.51
Advance payments made / construction
in progress
EUR 86,221.64
Financial assets EUR 172,954.05
Shares in participations /
subsidiaries and the like
EUR 172,954.05
Shares in related companies
EUR 165,454.05
Shares in investee companies
EUR 7,500.00
Current assets
EUR 38,627,842.13
Stocks
EUR 9,732,638.86
Raw materials, consumables and
supplies
EUR 1,335,587.46
Finished goods / work in progress EUR
8,333,304.00
Advance payments made
EUR 63,747.40
Accounts receivable
EUR 7,202,631.43
Trade debtors
EUR 6,674,253.85
Amounts due from related companies
EUR 175,483.13
Other debtors and assets
EUR 352,894.45
Investments in current assets
EUR 10,987,981.52
Other investments
EUR 10,987,981.52
Liquid means
EUR 10,704,590.32
Remaining other assets
EUR 82,602.14
Accruals (assets)
EUR 82,602.14
LIABILITIES EUR 49,154,732.21
Shareholders' equity
EUR 14,000,000.00
Capital
EUR 5,000,000.00
Capital of the fully liable partner
(LP, general partnership)
EUR 76,958.00
Fixed capital / accounts, capital
account I
EUR 76,958.00
Limited partner's capital / capital
of partially liable partner (LP)
EUR 4,923,042.00
Limited partner's capital, fixed
capital, capital account I
EUR 4,923,042.00
Reserves
EUR 9,000,000.00
Provisions
EUR 4,056,349.96
Pension provisions and comparable
provisions EUR 1,791,794.00
Provisions for taxes
EUR 171,000.00
Other / unspecified provisions
EUR 2,093,555.96
Liabilities
EUR 31,098,382.25
Financial debts
EUR 3,573,332.00
Liabilities due to banks
EUR 3,573,332.00
Other liabilities
EUR 27,525,050.25
Trade creditors (for IAS incl. bills
of exchange) EUR 1,710,280.58
Liabilities from received advance
payments
EUR 2,778,129.51
Liabilities due to shareholders
EUR 22,756,572.36
Liabililties due to related companiesEUR 7,264.52
Liabilities due to investee companiesEUR 93,255.57
Unspecified other liabilities
EUR 179,547.71
PROFIT AND LOSS
ACCOUNT (cost-summary method) according to Comm. Code (HGB)
Sales
EUR 44,758,166.49
Inventory change + own costs (+/-)
EUR 1,771,513.00
Inventory change (+/-)
EUR 1,771,513.00
Other operating income
EUR 945,769.57
Cost of materials
EUR 13,695,090.77
Raw materials and supplies, purchased
goods
EUR 12,738,983.64
Purchased
services EUR 956,107.13
Gross result (+/-)
EUR 33,780,358.29
Staff expenses
EUR 17,585,841.26
Wages and salaries
EUR 14,771,913.64
Social security contributions and
expenses for pension plans and
benefits
EUR 2,813,927.62
Total depreciation
EUR 2,005,079.08
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 2,005,079.08
Other operating expenses
EUR 5,196,020.38
Operating result from continuing
operations
EUR 8,993,417.57
Result from participating interests
(+/-)
EUR 4,908.27
Expenses / income from participations EUR 4,908.27
Income from related companies
EUR 4,908.27
Interest result (+/-)
EUR -1,078,265.20
Interest and similar income
EUR 319,604.08
Interest and similar expenses
EUR 1,397,869.28
Financial result (+/-)
EUR -1,073,356.93
Result from ordinary operations (+/-)
EUR 7,920,060.64
Extraordinary expenses
EUR 195,814.00
Extraordinary result (+/-)
EUR -195,814.00
Income tax / refund of income tax (+/-)EUR -1,114,662.37
Other taxes / refund of taxes
EUR -18,856.42
Tax (+/-)
EUR -1,133,518.79
Annual surplus / annual deficit
EUR 6,590,727.85
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.32 |
|
|
1 |
Rs.101.78 |
|
Euro |
1 |
Rs.84.68 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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.