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Report Date : |
13.10.2014 |
IDENTIFICATION DETAILS
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Name : |
THERMO FLÄCHENHEIZUNGS GMBH |
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Registered Office : |
Robert-Bosch-Str. 7, D 85296 Rohrbach |
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Country : |
Germany |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
25.02.1992 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
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No of Employees : |
50 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Germany |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 |
THERMO FLÄCHENHEIZUNGS GMBH
Company Status: active
Robert-Bosch-Str. 7
D 85296 Rohrbach
Telephone: 08442/966150
Telefax: 08442/7155
Homepage: www.thermo.de
E-mail: info@thermo.de
VAT no.: DE128595001
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 25.02.1992
Shareholders'
agreement: 25.02.1992
Registered on: 09.09.1993
Commercial Register: Local court 85049 Ingolstadt
under: HRB
190381
Share capital: EUR 25,564.59
Shareholder:
Ingrid Winter
Im Gabis 2
D 85296 Rohrbach
born:
13.03.1959
Share: EUR 25,564.59
Manager:
Josef Winter
Im Gabis 2
D 85296 Rohrbach
having sole power of
representation
born: 03.03.1957
Profession: Master
electrician
Marital status: married
Further functions/participations of Josef
Winter (Manager)
Limited partner:
BIG Investment GmbH & Co.KG
Rudolf-Diesel-Str. 10
D 85296 Rohrbach
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 41,000.00
contribution:
Share: EUR 20,500.00
Registered
on: 15.05.2002
Reg. data:
85049 Ingolstadt, HRA 170248
Shareholder:
Winter Air Charter GmbH
Robert-Bosch-Str. 7
D 85296 Rohrbach
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 25.01.2013
Reg. data: 85049 Ingolstadt, HRB 6607
Shareholder:
thermo heating elements
GmbH
Rudolf-Diesel-Str. 10
D 85296 Rohrbach
Legal form: Private
limited company
Share capital: EUR
25,000.00
Share: EUR 12,500.00
Registered
on: 29.09.2006
Reg. data: 85049 Ingolstadt, HRB 4184
Shareholder:
Sanifri GmbH
Robert-Bosch-Str. 7
D 85296 Rohrbach
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 09.06.2010
Reg. data: 85049 Ingolstadt, HRB 5569
Manager:
Bavarian Investment
Verwaltungs GmbH
Rudolf-Diesel-Str. 10
D 85296 Rohrbach
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 14.05.2002
Reg. data: 85049 Ingolstadt, HRB 191160
Manager:
thermo heating elements
GmbH
Rudolf-Diesel-Str. 10
D 85296 Rohrbach
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 29.09.2006
Reg. data: 85049 Ingolstadt, HRB 4184
25.02.1992
- 08.09.1993 thermo Flächenheizungs GmbH
D 85080 Gaimersheim
Private limited
company
Main industrial sector
28140
Manufacture of taps and valves n.e.c.
43220
Plumbing, heat and air-conditioning installation
4752
Retail sale of hardware, paints and glass
Payment experience: within agreed terms
Negative information:We have no
negative information at hand.
Type of ownership: Tenant
Address
Robert-Bosch-Str. 7
D 85296 Rohrbach
Real Estate of: Josef
Winter
Type of ownership: part
owner
Share: 50.00 %
Address Im
Gabis 2
D 85296
Rohrbach
Land
register documents were not available.
SPARKASSE INGOLSTADT, 85023 INGOLSTADT, DONAU
Sort. code: 72150000
BIC: BYLADEM1ING
Turnover: 2013 *EUR 6,500,000.00
Equipment: *EUR 400,000.00
Ac/ts receivable: EUR 1,250,992.00
Liabilities: EUR 1,385,275.00
Employees:
50
The business figures marked with an asterisk
are estimates based
on average values in the line of business.
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 37.86
Liquidity ratio: 0.94
Return
on total capital [%]: 2.22
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 25.53
Liquidity ratio: 0.74
Return on total capital [%]: 2.44
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 29.25
Liquidity ratio: 1.28
Return on total capital [%]: 4.80
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 27.15
Liquidity ratio: 1.18
Return
on total capital [%]: 1.71
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 2,467,510.97
Fixed assets
EUR 249,651.21
Intangible assets
EUR 2,504.00
Tangible assets
EUR 247,102.21
Financial assets
EUR 45.00
Other / unspecified financial assets EUR 45.00
Current assets EUR 2,216,247.66
Stocks
EUR 917,037.51
Accounts receivable
EUR 1,250,992.44
Liquid means
EUR 48,217.71
Remaining other assets
EUR 1,612.10
Accruals (assets)
EUR 1,612.10
LIABILITIES EUR 2,467,510.97
Shareholders' equity
EUR 934,993.70
Capital EUR 25,564.59
Subscribed capital (share capital)
EUR 25,564.59
Balance sheet profit/loss (+/-)
EUR 909,429.11
Profit / loss brought forward
EUR 854,642.92
Annual surplus / annual deficit
EUR 54,786.19
Provisions
EUR 147,242.00
Liabilities
EUR 1,385,275.27
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 2,607,587.06
Fixed assets
EUR 231,336.71
Intangible assets
EUR 6,639.00
Other / unspecified intangible assetsEUR 6,639.00
Tangible assets
EUR 224,652.71
Other / unspecified tangible assets
EUR 224,652.71
Financial assets
EUR 45.00
Other / unspecified financial assets EUR 45.00
Current assets
EUR 2,373,630.01
Stocks
EUR 931,471.87
Accounts receivable
EUR 1,417,974.95
Other debtors and assets
EUR 1,417,974.95
Liquid means
EUR 24,183.19
Remaining other assets
EUR 2,620.34
Accruals (assets) EUR 2,620.34
LIABILITIES EUR 2,607,587.06
Shareholders' equity
EUR 880,207.51
Capital
EUR 25,564.59
Subscribed capital (share capital)
EUR 25,564.59
Balance sheet profit/loss (+/-)
EUR 854,642.92
Profit / loss brought forward
EUR 797,971.74
Annual surplus / annual deficit
EUR 56,671.18
Provisions
EUR 165,342.87
Liabilities
EUR 1,562,036.68
Other liabilities
EUR 1,562,036.68
Unspecified other liabilities
EUR 1,562,036.68
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.61.16 |
|
|
1 |
Rs.98.62 |
|
Euro |
1 |
Rs.77.67 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
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Report Prepared
by : |
SMN |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.