|
Report Date : |
11.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
ROHTEX
GMBH |
|
|
|
|
Registered Office : |
Dauner
Str. 1 D 41236 Mönchengladbach Post Box: 20 10 52, D 41210 Mönchengladbach |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
31.08.1978 |
|
|
|
|
Legal Form : |
Private
limited company |
|
|
|
|
Line of Business : |
Wholesale
of waste and scrap |
|
|
|
|
No. of Employees : |
12 |
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 |
|
Maximum Credit Limit : |
1,050,000
EUR |
|
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, 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 |
ROHTEX GMBH
Company Status: active
Dauner Str. 1
D 41236 Mönchengladbach
Post Box:
20 10 52, D 41210 Mönchengladbach
Telephone:02166/6154-0
Telefax: 02166/6154-35
Homepage: www.rohtex.com
E-mail: info@rohtex.com
Tax ID number: 127/5847/0104
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1978
Registered on: 31.08.1978
Commercial Register: Local court 41061 Mönchengladbach
under: HRB
1086
Share capital: EUR 2,650,000.00
Shareholder:
QQUANTI S.a.s. di Gian
Piero Aregentero e C.
Via Trossi Nr. 25
I CAP 13050 Italien
Legal form: Other legal
form
Share: EUR 1,398,800.00
Shareholder:
Herbert Berten
Sperberstr. 28
D 41334 Nettetal
born: 11.08.1953
Share: EUR 353,600.00
Shareholder:
Thomas Opitz
Mühlenwallstr. 39
D 41179 Mönchengladbach
born: 19.04.1968
Share: EUR 312,000.00
Shareholder:
Götz Wolff, Jörg Wolff,
Lutz Wolff und Mark
Wolff (Wolff
Vermögensverwaltung)
D 89537 Giengen
Legal form: Partnership
under the Civil Code
Share: EUR 236,800.00
Shareholder:
Horst Geveler
Sonnenstr. 43
D 48599 Gronau
born: 14.07.1934
Share: EUR 208,000.00
Shareholder:
Bernhard Maaßen
Eselsweg 93a
D 41068 Mönchengladbach
born: 21.08.1959
Share: EUR 50,400.00
Shareholder:
Wolfgang Schalk
Göckelsweg 8a
D 41068 Mönchengladbach
born: 19.01.1949
Share: EUR 50,400.00
Shareholder:
Patrice Ruelle
Am Oberend 21
D 47809 Krefeld
born: 03.08.1958
Share: EUR 40,000.00
Manager:
Thomas Opitz
Mühlenwallstr. 39
D 41179 Mönchengladbach
having sole power of
representation
born: 19.04.1968
Profession: graduate engineer
Manager:
Herbert Berten
Sperberstr. 28
D 41334 Nettetal
having sole power of
representation
born: 11.08.1953
Profession: Fully
qualified merchant
Manager:
Bernhard Maaßen
Eselsweg 93a
D 41068 Mönchengladbach
having sole power of
representation
born: 21.08.1959
Profession: Businessman
Further functions/participations of Herbert
Berten (Manager)
Shareholder:
Berten GmbH
Am Bengerhof 3
D 41334 Nettetal
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 21.03.2011
Reg. data: 47798 Krefeld, HRB 13396
Manager:
Berten GmbH
Am Bengerhof 3
D 41334 Nettetal
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 21.03.2011
Reg. data: 47798 Krefeld, HRB 13396
31.08.1978 - 03.08.1996 Rohtex Textil GmbH
Dauner Str. 1
D 41236
Mönchengladbach
Private limited
company
03.08.1996 - 24.04.2001 Rohtex Wolff Faser GmbH
Dauner Str. 1
D 41236 Mönchengladbach
Private limited
company
Main industrial sector
46770
Wholesale of waste and scrap
7010 Activities of head offices
Payment experience: cash discount/within agreed terms
Negative information:We have no negative
information at hand.
Maximum credit: 1,050,000 EUR
BALANCE SHEET YEAR: 2012
Type of ownership: Tenant
Address Dauner
Str. 1
D 41236 Mönchengladbach
Land register documents were not available.
DEUTSCHE BANK, 41061 MÖNCHENGLADBACH
Sort. code: 31070001
BIC: DEUTDEDD310
COMMERZBANK VORMALS DRESDNER BANK, 41004
MÖNCHENGLADBACH
Sort. code: 31080015
BIC: DRESDEFF310
STADTSPARKASSE MÖNCHENGLADBACH, 41003
MÖNCHENGLADBACH
Sort. code: 31050000
BIC: MGLSDE33XXX
Turnover: 2012 EUR 26,359,857.00
Profit: 2012 EUR 402,221.00
Equipment: EUR 96,700.00
Ac/ts receivable: EUR
3,453,851.00
Liabilities: EUR 4,310,950.00
Employees: 12
- Part-time employees: 2
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 42.72
Liquidity ratio: 0.99
Return on total capital [%]: 3.57
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 43.94
Liquidity ratio: 1.53
Return on total capital [%]: 4.17
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 39.89
Liquidity ratio: 1.16
Return on total capital [%]: 3.09
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 49.81
Liquidity ratio: 4.57
Return on total capital [%]: 5.24
Balance sheet grade: 1.8
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 11,274,830.97
Fixed assets EUR 429,904.00
Tangible assets EUR 429,903.00
Land / similar
rights EUR 333,201.00
Plant / machinery EUR 2.00
Other tangible assets /
fixtures and
fittings EUR 96,700.00
Financial assets EUR 1.00
Shares in participations
/
subsidiaries and the
like EUR 1.00
Current assets EUR 10,824,668.77
Stocks EUR 7,298,317.70
Raw materials,
consumables and
supplies EUR 4,750,372.23
Finished goods / work in
progress EUR 3,349.92
Advance payments
made EUR 2,544,595.55
Accounts receivable EUR 3,453,850.66
Trade debtors EUR 3,028,228.51
Other debtors and
assets EUR
425,622.15
Liquid means EUR 72,500.41
Remaining other
assets EUR 20,258.20
Accruals (assets) EUR 20,258.20
LIABILITIES EUR 11,274,830.97
Shareholders' equity EUR 4,081,560.70
Capital EUR 2,650,000.00
Subscribed capital
(share capital) EUR 2,650,000.00
Reserves EUR 665,000.00
Capital reserves EUR 265,000.00
Retained earnings /
revenue reserves EUR
400,000.00
Balance sheet profit/loss
(+/-) EUR 766,560.70
Profit / loss brought forward EUR 364,339.30
Annual surplus / annual
deficit EUR 402,221.40
Provisions EUR 2,881,893.67
Pension provisions and
comparable
provisions EUR 2,421,020.00
Provisions for taxes EUR 139,833.67
Other / unspecified
provisions EUR 321,040.00
Liabilities EUR 4,310,949.60
Financial debts EUR 3,176,505.91
Liabilities due to
banks EUR 3,176,505.91
Other liabilities EUR 1,134,443.69
Trade creditors (for IAS
incl. bills
of exchange) EUR 289,110.52
Liabilities due to
shareholders EUR 735,000.00
Liabililties due to
related companiesEUR
9,782.40
Unspecified other
liabilities EUR 100,550.77
thereof liabilities
from tax /
financial
authorities EUR 96,830.30
thereof liabilities
from social
security EUR 667.47
Other liabilities EUR 427.00
Deferrals
(liabilities) EUR 427.00
Type of balance sheet: Company
balance sheet
Financial year: 01.01.2011
- 31.12.2011
ASSETS
EUR 10,799,162.37
Fixed assets EUR 493,188.50
Tangible assets EUR 428,188.50
Land / similar
rights EUR 333,790.50
Plant / machinery EUR 2.00
Other tangible assets /
fixtures and
fittings EUR 94,396.00
Financial assets EUR 65,000.00
Shares in participations
/
subsidiaries and the
like EUR 65,000.00
Shares in investee
companies EUR 65,000.00
Current assets EUR 10,279,716.86
Stocks EUR 6,257,100.58
Raw materials, consumables
and
supplies EUR 17,895.52
Finished goods / work in
progress EUR 4,984,681.45
Advance payments
made EUR 1,254,523.61
Accounts receivable EUR 3,901,882.51
Trade debtors EUR 3,564,020.46
Other debtors and
assets EUR 337,862.05
Liquid means EUR 120,733.77
Remaining other
assets EUR 26,257.01
Accruals (assets) EUR 26,257.01
LIABILITIES EUR 10,799,162.37
Shareholders' equity EUR 4,010,589.30
Capital EUR 2,650,000.00
Subscribed capital
(share capital) EUR 2,650,000.00
Reserves EUR 597,302.28
Capital reserves EUR 265,000.00
Retained earnings /
revenue reserves EUR
332,302.28
Balance sheet profit/loss
(+/-) EUR 763,287.02
Profit / loss brought
forward EUR 325,429.98
Annual surplus / annual
deficit EUR 437,857.04
Provisions EUR 3,341,318.33
Pension provisions and
comparable
provisions EUR 2,860,199.00
Provisions for taxes EUR 140,519.33
Other / unspecified
provisions EUR 340,600.00
Liabilities EUR 3,400,777.46
Financial debts EUR 2,172,132.88
Liabilities due to
banks EUR 2,172,132.88
Other liabilities EUR 1,228,644.58
Trade creditors (for IAS
incl. bills
of exchange) EUR 277,860.21
Liabilities due to
shareholders EUR 735,000.00
Liabililties due to
related companiesEUR
6,784.80
Unspecified other
liabilities EUR 208,999.57
thereof liabilities
from tax /
financial
authorities EUR 186,947.54
thereof liabilities
from social
security EUR 647.83
Other liabilities EUR 46,477.28
Deferrals
(liabilities) EUR 427.00
Deferred taxes (not
included under
provisions/liabilities) EUR 46,050.28
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 28,457,542.16
Inventory change + own
costs (+/-) EUR 577,050.55
Inventory change
(+/-) EUR 577,050.55
Other operating
income EUR 340,333.78
Cost of materials EUR 25,681,340.96
Raw materials and
supplies, purchased
goods EUR 25,681,340.96
Gross result (+/-) EUR 3,693,585.53
Staff expenses EUR 1,449,378.21
Wages and salaries EUR 1,026,111.88
Social security
contributions and
expenses for pension
plans and
benefits EUR 423,266.33
Total depreciation EUR 52,601.52
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 52,601.52
Other operating
expenses EUR 1,193,609.89
Operating result from
continuing
operations EUR 997,995.91
Interest result (+/-) EUR -332,519.42
Interest and similar
income EUR 3,738.66
thereof from related
companies EUR 0.00
Interest and similar
expenses EUR 336,258.08
thereof paid to related
companies EUR 20,040.63
Financial result
(+/-) EUR -332,519.42
Result from ordinary
operations (+/-) EUR 665,476.49
Extraordinary expenses EUR 12,129.00
Extraordinary result
(+/-) EUR -12,129.00
Income tax / refund of
income tax (+/-)EUR -199,593.42
Other taxes / refund of
taxes EUR -15,897.03
Tax (+/-) EUR -215,490.45
Annual surplus / annual
deficit EUR 437,857.04
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.20 |
|
|
1 |
Rs.102.35 |
|
Euro |
1 |
Rs.84.95 |
INFORMATION DETAILS
|
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.