|
Report Date : |
11.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
THEEGARTEN PACTEC GMBH & CO. KG |
|
|
|
|
Registered Office : |
Breitscheidstr. 46 D 01237 Dresden |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
01.11.1971 |
|
|
|
|
Legal Form : |
Ltd partnership |
|
|
|
|
Line of Business : |
Wholesale of other machinery [We tried to confirm / obtain the detailed activity but the same is
not available from any sources] |
|
|
|
|
No. of Employees : |
329 |
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 : |
Good |
|
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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 |
THEEGARTEN PACTEC
GMBH & CO. KG
Company Status: active
Breitscheidstr. 46
D 01237 Dresden
Telephone:0351/25730
Telefax: 0351/2573329
Homepage: www.theegarten-pactec.de
E-mail: pactec@theegarten-pactec.de
VAT no.: DE122813134
LEGAL FORM Ltd partnership with priv. ltd. company as
general partner
Date of foundation: 01.11.1971
Registered on: 24.09.2002
Register of
companies: Local court 01069 Dresden
under: HRA 4964
Total cap. contribution: EUR 1,789,521.59
Limited partner:
Theegarten PACTEC Beteiligungs GmbH
Breitscheidstr. 46
D 01237 Dresden
Legal form: Private limited company
Share capital: EUR 260,750.00
Share: EUR 266,638.71
Registered on: 11.11.2008
Reg. data: 01069 Dresden, HRB 27068
Limited partner:
Monika Theegarten-Aders
D 82041 Deisenhofen
born: 24.12.1950
Share: EUR 168,930.85
Limited partner:
Tim Belhomme
D 54516 Wittlich
born: 05.02.1980
Share: EUR 145,309.16
Limited partner:
Dr. Boris Belhomme
Kufsteiner Platz 4
D 81679 München
born: 22.03.1976
Share: EUR 145,309.16
Limited partner:
Christina Soravia
D 50667 Köln
born: 09.09.1969
née: vorh. Jöhren-Zippel
Share: EUR 123,834.90
Limited partner:
Dr. Stephanie Zippel
D 01067 Dresden
born: 12.04.1966
Share: EUR 123,834.90
Limited partner:
Tobias Rustler
D 50933 Köln
Share: EUR 123,834.89
Limited partner:
Markus Rustler
Krenkelstr. 2
D 01309 Dresden
born: 27.09.1978
Share: EUR 123,834.89
Limited partner:
Oliver Trahms
D 26340 Zetel
born: 01.01.1967
Share: EUR 120,792.71
Limited partner:
Kathrin Schlotterer
D 80331 München
born: 25.02.1965
Share: EUR 107,374.87
Limited partner:
Franziska Christine Schlotterer
D 10115 Berlin
born: 18.01.1972
Share: EUR 107,374.87
Limited partner:
Charlotte Neubert
D 69469 Weinheim
born: 21.05.1968
Share: EUR 60,396.35
Limited partner:
Jan Philipp Neubert
D 69469 Weinheim
born: 27.09.1971
Share: EUR 60,396.35
Limited partner:
Christoph Aders
D 80331 München
born: 21.03.1988
Share: EUR 39,369.47
Limited partner:
Philipp Aders
D 80331 München
born: 26.04.1989
Share: EUR 39,369.47
Limited partner:
Cory Theegarten-Schlotterer
Kolumbusstr. 3
D 81543 München
born: 20.04.1938
Share: EUR 32,920.04
General partner:
Theegarten Verwaltungsgesellschaft mit
beschränkter Haftung
Breitscheidstr. 46
D 01237 Dresden
Legal form: Private limited company
Share capital: EUR 51,129.19
Registered on: 16.09.2008
Reg. data: 01069 Dresden, HRB 26949
Shareholder:
Theegarten PACTEC GmbH & Co. KG
Breitscheidstr. 46
D 01237 Dresden
Legal form: Ltd partnership with priv. ltd.
company as general partner
Total cap. EUR 1,789,521.59
contribution:
Share: EUR 51,129.19
Registered on: 24.09.2002
Reg. data: 01069 Dresden, HRA 4964
Manager:
Egbert Röhm
D 53111 Bonn
authorized to jointly represent the company
born: 10.10.1961
Manager:
Markus Rustler
Krenkelstr. 2
D 01309 Dresden
authorized to jointly represent the company
born: 27.09.1978
Proxy:
Ulf Andre
D 01277 Dresden
authorized to jointly represent the company
born: 30.05.1967
Proxy:
Andre Schlechte
Am Grünen Zipfel 98
D 01109 Dresden
authorized to jointly represent the company
born: 05.10.1957
01.11.1971 - 26.07.2002 Justus Theegarten GmbH & Co. KG
Widdersdorfer Str. 185
D 50825 Köln
Ltd partnership with priv. ltd. company
as general partner
26.07.2002 - 26.08.2002 Theegarten PACTEC GmbH & Co. KG (AG
Köln, HRA 1977)
Veit-Stoß-Str. 6
D 50933 Köln
Ltd partnership with priv. ltd. company
as general partner
Main industrial sector
46692 Wholesale of other machinery
Shareholder:
Theegarten Verwaltungsgesellschaft mit
beschränkter Haftung
Breitscheidstr. 46
D 01237 Dresden
Legal form: Private limited company
Company Status: active
Share capital: EUR 51,129.19
Share: EUR 51,129.19
Reg. data: 16.09.2008
Local court 01069 Dresden
HRB 26949
Payment experience: cash discount/within agreed terms
Negative information:We have no negative information at hand.
BALANCE SHEET
YEAR: 2012
Type of ownership: proprietor
Share: 100.00 %
Address Breitscheidstr. 46
D 01237 Dresden
Land register documents were not available.
Principal bank
COMMERZBANK VORMALS DRESDNER BANK, 01008 DRESDEN
Sort. code: 85080000, Account no.: 401247100
BIC: DRESDEFF850, IBAN: DE32850800000401247100
Further bank
DEUTSCHE BANK, 01071 DRESDEN
Sort. code: 87070000
BIC: DEUTDE8CXXX
Turnover: 2012 EUR 61,127,537.00
Profit: 2012 EUR 11,789,095.00
Equipment: EUR 594,607.00
Ac/ts
receivable: EUR
11,279,554.00
Liabilities: EUR 15,116,248.00
Employees:
329
Balance sheet ratios
01.01.2012 - 31.12.2012
Equity ratio
[%]: 71.63
Liquidity
ratio: 10.00
Return on total
capital [%]: 22.03
Balance sheet ratios
01.01.2011 - 31.12.2011
Equity ratio
[%]: 55.94
Liquidity
ratio: 10.00
Return on total
capital [%]: 17.84
Balance sheet ratios
01.01.2010 - 31.12.2010
Equity ratio
[%]: 54.28
Liquidity
ratio: 10.00
Return on total
capital [%]: 16.68
Balance sheet ratios
01.01.2009 - 31.12.2009
Equity ratio
[%]: 65.12
Liquidity
ratio: 10.00
Return on total
capital [%]: 24.27
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 53,758,257.88
Fixed assets EUR 6,569,175.88
Intangible assets EUR 560,827.13
Concessions, licences, rights EUR 560,827.13
Tangible assets EUR 5,957,219.56
Land / similar rights EUR 3,046,827.82
Plant / machinery EUR 2,223,705.32
Other tangible assets / fixtures and
fittings EUR 594,607.49
Advance payments made / construction
in progress EUR 92,078.93
Financial assets EUR 51,129.19
Shares in participations /
subsidiaries and the like EUR 51,129.19
Shares in related companies EUR 51,129.19
Current assets EUR
47,100,372.49
Stocks EUR 10,417,987.27
Raw materials, consumables and
supplies EUR 3,304,667.04
Finished goods / work in progress EUR
6,892,742.63
Advance payments made EUR 220,577.60
Accounts receivable EUR 11,279,554.25
Amounts due from shareholders EUR 245,888.20
Trade debtors EUR 10,468,566.41
Other debtors and assets EUR 565,099.64
Liquid means EUR 25,402,830.97
Remaining other assets EUR 88,709.51
Accruals (assets) EUR 88,709.51
LIABILITIES EUR 53,758,257.88
Shareholders' equity EUR 32,103,836.18
Capital EUR 1,789,521.59
Limited partner's capital / capital
of partially liable partner (LP) EUR 1,789,521.59
Limited partner's capital, fixed
capital, capital account I EUR 1,789,521.59
Reserves EUR 18,525,219.74
Balance sheet profit/loss (+/-) EUR 11,789,094.85
Annual surplus / annual deficit EUR 11,789,094.85
Items between shareholders' equity and
debt capital EUR 51,129.19
Balancing items for capitalised own
shares in cos. acting as general
partners EUR 51,129.19
Provisions EUR 6,479,252.42
Provisions for taxes EUR 879,600.00
Other / unspecified provisions EUR 5,599,652.42
Liabilities EUR 15,116,248.43
Other liabilities EUR 15,116,248.43
Trade creditors (for IAS incl. bills
of exchange) EUR 863,645.67
Liabilities from received advance
payments EUR 5,825,320.30
Liabilities due to shareholders EUR 6,473,647.42
Unspecified other liabilities EUR 1,953,635.04
thereof liabilities from tax /
financial authorities EUR 406,000.00
thereof liabilities from social
security EUR 100,000.00
Other liabilities EUR 7,791.66
Deferrals (liabilities) EUR 7,791.66
PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Sales EUR 61,127,537.39
Inventory change + own costs (+/-) EUR -964,571.45
Inventory change (+/-) EUR -964,571.45
Other operating income EUR 3,592,404.84
Cost of materials EUR 17,809,966.37
Raw materials and supplies, purchased
goods EUR 13,484,098.56
Purchased services EUR 4,325,867.81
Gross result (+/-) EUR 45,945,404.41
Staff expenses EUR 16,743,245.47
Wages and salaries EUR 14,186,331.29
Social security contributions and
expenses for pension plans and
benefits EUR 2,556,914.18
Total depreciation EUR 1,250,296.38
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 1,250,296.38
Other operating expenses EUR 12,090,504.05
Operating result from continuing
operations EUR 15,861,358.51
Interest result (+/-) EUR -1,313,569.41
Interest and similar income EUR 401,717.14
Interest and similar expenses EUR 1,715,286.55
Financial result (+/-) EUR -1,313,569.41
Result from ordinary operations (+/-) EUR
14,547,789.10
Income tax / refund of income tax
(+/-)EUR -2,677,321.00
Other taxes / refund of taxes EUR -81,373.25
Tax (+/-) EUR -2,758,694.25
Annual surplus / annual deficit EUR 11,789,094.85
TYPE OF BALANCE
SHEET: COMPANY BALANCE SHEET
FINANCIAL YEAR: 01.01.2011
- 31.12.2011
ASSETS EUR 54,880,947.86
Fixed assets EUR 6,921,260.93
Intangible assets EUR 408,596.63
Concessions, licences, rights EUR 385,596.63
Advance payments for intang. assets EUR 23,000.00
Tangible assets EUR 6,461,535.11
Land / similar rights EUR 3,124,208.25
Plant / machinery EUR 2,524,974.54
Other tangible assets / fixtures and
fittings EUR 687,352.32
Advance payments made / construction
in progress EUR
125,000.00
Financial assets EUR 51,129.19
Shares in participations /
subsidiaries and the like EUR 51,129.19
Current assets EUR 47,820,436.74
Stocks EUR 11,396,205.26
Raw materials, consumables and
supplies EUR 3,249,423.67
Finished goods / work in progress EUR
7,857,314.08
Advance payments made EUR 289,467.51
Accounts receivable EUR 13,263,095.39
Amounts due from shareholders EUR 119,681.65
Trade debtors EUR 12,231,224.82
Other debtors and assets EUR 912,188.92
Liquid means EUR 23,161,136.09
Remaining other assets EUR 139,250.19
Accruals (assets) EUR 139,250.19
LIABILITIES EUR 54,880,947.86
Shareholders' equity EUR 27,006,691.83
Capital EUR 1,789,521.59
Limited partner's capital / capital
of partially liable partner (LP) EUR 1,789,521.59
Reserves EUR 15,446,943.16
Balance sheet profit/loss (+/-) EUR 9,770,227.08
Annual surplus / annual deficit EUR 9,770,227.08
Items between shareholders' equity and
debt capital EUR 51,129.19
Balancing items for capitalised own
shares in cos. acting as general
partners EUR 51,129.19
Provisions EUR 7,592,897.75
Provisions for taxes EUR 1,040,900.00
Other / unspecified provisions EUR 6,551,997.75
Liabilities EUR 20,189,440.76
Other liabilities EUR 20,189,440.76
Trade creditors (for IAS incl. bills
of exchange) EUR 1,159,835.08
Liabilities from received advance
payments EUR 11,577,670.09
Liabilities due to shareholders EUR 3,748,600.99
Liabililties due to related
companiesEUR 1,400,783.64
Unspecified other liabilities EUR 2,302,550.96
thereof liabilities from tax /
financial authorities EUR 236,000.00
thereof liabilities from social
security EUR 86,000.00
Other liabilities EUR 40,788.33
Deferrals (liabilities) EUR 38,958.33
Deferred taxes (not included under
provisions/liabilities) EUR 1,830.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.16 |
|
|
1 |
Rs.98.62 |
|
Euro |
1 |
Rs.77.67 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.