|
Report Date : |
12.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
FLÖTER
VERPACKUNGS-SERVICE GMBH |
|
|
|
|
Registered Office : |
Robert-Bosch-Str.
17, D 71701 Schwieberdingen, Post Box 11 48, D 71697 Schwieberdingen |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
23.05.1978 |
|
|
|
|
Com. Reg. No.: |
HRB 290161 |
|
|
|
|
Legal Form : |
Private
Limited Company |
|
|
|
|
Line of Business : |
·
Engaged
in manufacturing of plastic packing goods ·
Engaged in development, manufacture and distribution of industrial
packaging & packaging machines |
|
|
|
|
No of Employees : |
04 |
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 |
Flöter Verpackungs-Service GmbH
Robert-Bosch-Str. 17
D 71701 Schwieberdingen
Post Box 11 48, D 71697 Schwieberdingen
Telephone: 07150/92483-0
Telefax: 07150/92483-80
Homepage: www.floeter.com
E-mail:
info@floeter.com
active
DE144993671
71318/05108
Business relations are permissible.
LEGAL
FORM Private Limited Company
Date of foundation: 23.05.1978
Shareholders'
agreement: 23.05.1978
Registered on: 30.05.1978
Commercial Register: Local court 70190 Stuttgart
under: HRB
290161
Share capital: EUR 500,000.00
LOGIN Corporate Investment GmbH & Co.
KG
Im Köngemann 1
D 70839 Gerlingen
Legal form: Ltd partnership with priv.
ltd.
company as general partner
Total cap. EUR 52,000.00
contribution:
Share: EUR 500,000.00
Registered on: 05.06.2000
Reg. data: 70190 Stuttgart, HRA 290360
Marc-Stephen Rapp
Im Köngemann 1
D 70839 Gerlingen
having sole power of representation
born: 19.04.1965
Profession: Businessman
Marital status: married
Further
functions/participations of Marc-Stephen Rapp (Manager)
Proprietor:
Marc-Stephen Rapp
Daimlerstr. 5
D 71735 Eberdingen
Legal form: Unregistered
commercial
enterprise
Limited partner:
LOGIN Corporate
Investment GmbH & Co. KG
Im Köngemann 1
D 70839 Gerlingen
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 52,000.00
contribution:
Share: EUR 52,000.00
Registered
on: 05.06.2000
Reg. data: 70190 Stuttgart, HRA 290360
Shareholder:
Marc Rapp
Verwaltungs-GmbH
Im Köngemann 1
D 70839 Gerlingen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 05.06.2000
Reg. data: 70190 Stuttgart, HRB 290867
Shareholder:
LOGIN Verwaltungs GmbH
Im Köngemann 1
D 70839 Gerlingen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 19.10.2011
Reg. data: 70190 Stuttgart, HRB 739047
Manager:
MetPro Verpackungs-Service
GmbH
An der Linde 21
D 04838 Jesewitz
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 03.12.2010
Reg. data: 04275 Leipzig, HRB 26678
Manager:
LOGIN Verwaltungs GmbH
Im Köngemann 1
D 70839 Gerlingen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 19.10.2011
Reg. data: 70190 Stuttgart, HRB 739047
30.05.1978 - 07.08.2007 Flöter Verpackungs-Service GmbH
Daimlerstr. 5
D 71735 Eberdingen
Private limited
company
07.08.2007 - 18.07.2010 Flöter Verpackungs-Service GmbH
Oberthstr. 1
D 71706 Markgröningen
Private limited
company
21.04.2010 - 06.10.2011 Manager
Josef Brune
D 06108 Halle
·
Engaged
in manufacturing of plastic packing goods
·
Engaged in development, manufacture and distribution of industrial
packaging & packaging machines
Works:
Flöter Verpackungs-Service GmbH
An der Linde 21
D 04838 Jesewitz
Payment experience: within agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2012
Type of ownership: Tenant
Address Robert-Bosch-Str.
17
D 71701 Schwieberdingen
Land register documents were not
available.
Principal bank
KREISSPARKASSE LUDWIGSBURG, 71665
VAIHINGEN AN DER ENZ
Sort. code: 60450050, Account no.: 8992880
BIC: SOLADES1LBG, IBAN:
DE29604500500008992880
Turnover:
2012 EUR 1,365,442.00
2013 EUR 1,450,000.00
Profit: 2012 EUR -63,373.00
further business figures:
Equipment: EUR 188,387.00
Ac/ts receivable: EUR 945,095.00
Liabilities: EUR 187,836.00
Employees:
4
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 77.36
Liquidity ratio: 10.00
Return on total capital [%]: -3.05
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 64.06
Liquidity ratio: 6.48
Return on total capital [%]: 11.10
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 47.25
Liquidity ratio: 1.29
Return on total capital [%]: 1.85
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 52.64
Liquidity ratio: 1.45
Return on total capital [%]: -3.40
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 2,117,263.93
Fixed assets
EUR 188,387.34
Tangible assets
EUR 188,387.34
Other tangible assets / fixtures and
fittings
EUR 188,387.34
Current assets
EUR 1,928,876.59
Stocks
EUR 464,600.42
Finished goods / work in progress
EUR 464,600.42
Accounts receivable
EUR 945,095.24
thereof total due from shareholders
EUR 42,686.28
Trade debtors
EUR 363,034.06
Amounts due from related companies
EUR 500,000.00
Other debtors and assets
EUR 82,061.18
Liquid means
EUR 519,180.93
LIABILITIES EUR 2,117,263.93
Shareholders' equity
EUR 1,647,494.80
Capital
EUR 500,000.00
Subscribed capital (share capital)
EUR 500,000.00
Balance sheet profit/loss (+/-)
EUR 1,147,494.80
Profit / loss brought forward
EUR 1,147,494.80
Provisions
EUR 281,932.70
Provisions for taxes
EUR 122,000.00
Other / unspecified provisions
EUR 159,932.70
Liabilities
EUR 187,836.43
Other liabilities
EUR 187,836.43
Trade creditors (for IAS incl. bills
of exchange) EUR 77,712.56
Liabililties due to related companiesEUR 89,611.20
Unspecified other liabilities
EUR 20,512.67
thereof liabilities from tax /
financial authorities
EUR 4,436.41
thereof liabilities from social
security
EUR 5,184.52
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 1,365,441.59
Other operating income
EUR 456,073.15
Cost of materials
EUR 963,885.52
Raw materials and supplies, purchased
goods
EUR 963,885.52
Gross result (+/-)
EUR 857,629.22
Staff expenses
EUR 372,669.91
Wages and salaries
EUR 317,797.34
Social security contributions and
expenses for pension plans and
benefits
EUR 54,872.57
Total depreciation
EUR 55,494.80
Other operating expenses
EUR 552,642.44
Operating result from continuing
operations
EUR -123,177.93
Interest result (+/-)
EUR 34,375.46
Interest and similar income
EUR 35,264.04
thereof from related companies
EUR 32,971.31
Interest and similar expenses
EUR 888.58
Financial result (+/-)
EUR 34,375.46
Result from ordinary operations (+/-)
EUR -88,802.47
Extraordinary expenses EUR 59.96
Extraordinary result (+/-)
EUR -59.96
Income tax / refund of income tax (+/-)EUR 27,678.33
Other taxes / refund of taxes
EUR -2,188.50
Tax
(+/-) EUR 25,489.83
Annual surplus / annual deficit
EUR -63,372.60
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 2,908,674.61
Fixed assets
EUR 282,505.48
Intangible assets
EUR 3,125.00
Tangible assets
EUR 279,380.48
Current assets EUR 2,618,185.72
Stocks
EUR 1,255,330.88
Accounts receivable
EUR 1,234,594.95
thereof total due from shareholders
EUR 0.00
Liquid means
EUR 128,259.89
Remaining other assets
EUR 7,983.41
Accruals (assets)
EUR 7,983.41
LIABILITIES EUR 2,908,674.61
Shareholders' equity
EUR 1,710,867.40
Capital
EUR 500,000.00
Subscribed capital (share capital)
EUR 500,000.00
Balance sheet profit/loss (+/-)
EUR 1,210,867.40
Profit / loss brought forward
EUR 888,293.46
Annual surplus / annual deficit
EUR 322,573.94
Provisions
EUR 725,895.60
Liabilities
EUR 471,911.61
thereof total due to shareholders
EUR 152,989.45
Other liabilities
EUR 0.00
Unspecified other liabilities
EUR 0.00
thereof liabilities from tax /
financial authorities
EUR 68,249.94
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.33 |
|
UK Pound |
1 |
Rs.99.42 |
|
Euro |
1 |
Rs.80.32 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MNL |
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.