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Report Date : |
24.09.2014 |
IDENTIFICATION DETAILS
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Name : |
FÜLLER
GLASTECHNOLOGIE VERTRIEBS-GMBH |
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Registered Office : |
Industriestr.
1 D 94518 Spiegelau |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
01.07.1994 |
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Legal Form : |
Private limited company |
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Line of Business : |
Retail
sale in non-specialized stores [We tried to confirm / obtain the detailed activity but the same is
not available from any sources] |
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No. of Employees : |
11 |
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) |
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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 |
FÜLLER GLASTECHNOLOGIE
VERTRIEBS-GMBH
Company Status: active
Industriestr. 1
D 94518 Spiegelau
Telephone:08553/518
Telefax: 08553/514
Homepage: www.f-gt.de
E-mail: info@f-gt.de
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 01.07.1994
Shareholders'
agreement: 29.11.2002
Registered on: 03.01.2003
Commercial Register: Local court 94032 Passau
under: HRB
1386
Share capital: EUR 25,000.00
Shareholder:
Maria Anna Füller
Hans-Watzlik-Str. 7
D 94566 Riedlhütte
born: 25.02.1950
née: Lippl
Share: EUR 12,500.00
Shareholder:
Alexandra Füller
Hans-Watzlik-Str. 7
D 94566 Riedlhütte
born: 02.12.1973
Share: EUR 12,500.00
Manager:
Renate Klante
Kristallweg 3
D 94518 Spiegelau
having sole power of representation
born: 12.08.1950
née: Höpfl
Marital status: married
Manager:
Maria Anna Füller
Hans-Watzlik-Str. 7
D 94566 Riedlhütte
having sole power of
representation
born: 25.02.1950
née: Lippl
Marital status: married
Manager:
Alexandra Füller
Hans-Watzlik-Str. 7
D 94566 Riedlhütte
having sole power of
representation
born: 02.12.1973
Further functions/participations of Renate
Klante (Manager)
Proxy:
M. Füller Handel mit
Maschinen e.K.
Schulstr. 39
D 94518 Spiegelau
Legal form: Sole
proprietorship
Registered
on: 15.11.2000
Reg. data: 94032 Passau, HRA 7242
Further functions/participations of Maria Anna
Füller (Manager)
Proprietor:
M. Füller Handel mit
Maschinen e.K.
Schulstr. 39
D 94518 Spiegelau
Legal form: Sole
proprietorship
Registered
on: 15.11.2000
Reg. data: 94032 Passau, HRA 7242
01.07.1994 - 15.11.2000 Maria Anna Füller
Hans-Watzlik-Str. 10
D 94518 Spiegelau
Unregistered
commercial enterprise
15.11.2000 - 05.03.2001 M. Füller Handel mit Maschinen e.K. (HRA
7242)
Hans-Watzlik-Str. 7
D 94518 Spiegelau
Sole proprietorship
05.03.2001 - 29.11.2002 M. Füller Handel mit Maschinen e.K.
Schulstr. 39
D 94518 Spiegelau
Sole proprietorship
29.11.2002 - 29.11.2002 Füller Glastechnologie Vertriebs-GmbH
Schulstr. 39
D 94518 Spiegelau
Private limited company
10.02.2003 - 05.08.2004 Füller Glastechnologie Vertriebs-GmbH
Schulstr. 39
D 94518 Spiegelau
Private limited
company
Main industrial sector
4719
Other retail sale in non-specialized stores
Payment experience: within periods customary in this trade
Negative information:We have no negative
information at hand.
BALANCE SHEET YEAR: 2012
Type of ownership: Tenant
Address Industriestr. 1
D 94518
Spiegelau
Land register documents were not available.
VR-BANK, 94481 GRAFENAU, NIEDERBAY
Sort. code: 74164149
BIC: GENODEF1RGE
Turnover: 2013 *EUR 1,650,000.00
Profit: 2012 EUR 817,532.00
further business figures:
Ac/ts receivable: EUR 777,867.00
Liabilities: EUR 1,636,321.00
Employees:
11
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 [%]: 52.57
Liquidity ratio: 0.64
Return on total capital
[%]: 19.32
Balance sheet ratios
01.01.2011 - 31.12.2011
Equity ratio [%]: 41.96
Liquidity ratio: 0.47
Return on total capital
[%]: 14.90
Balance sheet ratios
01.01.2010 - 31.12.2010
Equity ratio [%]: 29.16
Liquidity ratio: 0.57
Return on total capital
[%]: 12.49
Balance sheet ratios
01.01.2009 - 31.12.2009
Equity ratio [%]: 13.97
Liquidity ratio: 0.52
Return on total capital
[%]: 4.26
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 4,238,504.70
Fixed assets EUR 533,261.00
Intangible assets EUR 15,055.00
Tangible assets EUR 518,206.00
Current assets EUR 3,694,900.73
Stocks EUR 2,504,346.70
Accounts receivable EUR 777,866.73
Liquid means EUR 412,687.30
Remaining other
assets EUR 10,342.97
Accruals (assets) EUR 10,342.97
LIABILITIES EUR 4,238,504.70
Shareholders' equity EUR 2,231,706.30
Capital EUR 25,000.00
Subscribed capital
(share capital) EUR 25,000.00
Balance sheet profit/loss
(+/-) EUR 2,206,706.30
Profit / loss brought
forward EUR 1,389,174.46
Annual surplus / annual
deficit EUR 817,531.84
Provisions EUR 370,477.00
Liabilities EUR 1,636,321.40
TYPE OF BALANCE SHEET: COMPANY BALANCE SHEET
FINANCIAL YEAR: 01.01.2011 - 31.12.2011
ASSETS EUR 3,359,965.85
Fixed assets EUR 386,801.50
Intangible assets EUR 14,208.00
Other / unspecified
intangible assetsEUR
14,208.00
Tangible assets EUR 372,593.50
Other / unspecified
tangible assets EUR 372,593.50
Current assets EUR 2,963,584.27
Stocks EUR 1,991,721.70
Accounts receivable EUR 694,582.95
Other debtors and
assets EUR 694,582.95
Liquid means EUR 277,279.62
Remaining other
assets EUR 9,580.08
Accruals (assets) EUR 9,580.08
LIABILITIES EUR 3,359,965.85
Shareholders' equity EUR 1,414,174.46
Capital EUR 25,000.00
Subscribed capital
(share capital) EUR 25,000.00
Balance sheet profit/loss
(+/-) EUR 1,389,174.46
Profit / loss brought
forward EUR 889,753.68
Annual surplus / annual
deficit EUR 499,420.78
Provisions EUR 198,952.00
Liabilities EUR 1,746,839.39
Other liabilities EUR 1,746,839.39
Unspecified other
liabilities EUR 1,746,839.39
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.87 |
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|
1 |
Rs.99.63 |
|
Euro |
1 |
Rs.78.22 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
NIS |
RATING EXPLANATIONS
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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.