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Report Date : |
12.03.2014 |
IDENTIFICATION DETAILS
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Name : |
PUSCH GMBH |
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|
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Registered Office : |
Mozartstr. 42,
D 50259 Pulheim |
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Country : |
Germany |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
27.05.2004 |
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|
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Com. Reg. No.: |
HRB 62112 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesaler of iron ores, iron as well as iron and steel
semi-finished goods |
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|
|
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No. of Employees |
05 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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 |
Pusch GmbH
Mozartstr. 42
D 50259 Pulheim
Telephone: 02238/51942
Telefax: 02238/845608
E-mail: puschimexport@aol.com
active
We cannot give an opinion as to the granting of a credit in this
particular case. Business relations require suitable securities.
LEGAL FORM Private limited company
Date of foundation: 27.05.2004
Shareholders'
agreement: 23.10.2007
Registered on: 20.12.2007
Commercial Register: Local
court 50939 Köln
under: HRB 62112
Share capital:
EUR 175,000.00
Gisela Pusch
Mozartstr. 42
D 50259 Pulheim
born: 07.08.1945
Share: EUR 175,000.00
Gisela Pusch
Mozartstr. 42
D 50259 Pulheim
having sole power of representation
born: 07.08.1945
Profession: Businessman
Marital status: divorced
27.05.2004 - 23.10.2007
Gisela Pusch
Mozartstr. 42
D
50259 Pulheim
Unregistered commercial enterprise
Main industrial
sector
46721 Wholesaler of iron
ores, iron as well as iron and steel semi-finished goods
Payment experience: partly with delays in payment
Negative information: We
have no negative information at hand.
Balance sheet year: 2012
Type of ownership: Tenant
Address Mozartstr. 42
D 50259 Pulheim
Real Estate of: Gisela
Pusch
Type of ownership: proprietor
Share: 100.00 %
Address Mozartstr.
42
D
50259 Pulheim
Land register documents were not available.
VOLKSBANK ERFT, 50259 PULHEIM
Sort. code: 37069252
BIC: GENODED1ERE
COMMERZBANK VORMALS DRESDNER BANK, 52006 AACHEN
Sort. code: 39080005
BIC: DRESDEFF390
Turnover: 2012 EUR 11,000,000.00
Ac/ts receivable: EUR 1,022,109.00
Liabilities: EUR 1,207,704.00
Total numbers of vehicles: 6
-
Passenger cars:
6
Employees:
5
-
Freelancer:
2
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: -1.82
Liquidity ratio: 0.84
Return on total capital [%]: -1.23
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 1.02
Liquidity
ratio: 0.89
Return on total capital [%]: 0.21
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 3.10
Liquidity ratio: 0.83
Return on total capital [%]: 0.23
Balance
sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 14.56
Liquidity ratio: 1.38
Return on total capital [%]: 3.06
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 1,280,106.41
Fixed assets
EUR 203,146.00
Tangible assets
EUR 193,146.00
Financial assets
EUR 10,000.00
Other / unspecified financial assets EUR 10,000.00
Current assets
EUR 1,066,116.48
Accounts receivable
EUR 1,022,109.12
Liquid means
EUR 44,007.36
Remaining other assets EUR 10,843.93
Accruals (assets)
EUR 10,843.93
LIABILITIES EUR 1,280,106.41
Shareholders' equity
EUR 26,689.55
Capital EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR 1,689.55
Balance sheet profit / loss
EUR 1,689.55
Provisions
EUR 45,713.29
Liabilities
EUR 1,207,703.57
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 1,780,786.00
Fixed assets
EUR 201,291.20
Tangible assets
EUR 191,291.20
Other / unspecified tangible assets
EUR 191,291.20
Financial assets
EUR 10,000.00
Other / unspecified financial assets EUR 10,000.00
Current assets
EUR 1,571,818.63
Accounts receivable
EUR 1,413,252.70
Other debtors and assets
EUR 1,413,252.70
Liquid means
EUR 158,565.93
Remaining other assets
EUR 7,676.17
Accruals (assets)
EUR 7,676.17
LIABILITIES EUR 1,780,786.00
Shareholders' equity
EUR 41,816.80
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR 16,816.80
Balance sheet profit / loss
EUR 16,816.80
Provisions
EUR 24,951.35
Liabilities EUR 1,714,017.85
Other liabilities
EUR 1,714,017.85
Unspecified other liabilities
EUR 1,714,017.85
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.70 |
|
UK Pound |
1 |
Rs.100.97 |
|
Euro |
1 |
Rs.84.16 |
INFORMATION DETAILS
|
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.