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Report Date : |
26.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
TEXTILCHEMIE DR. PETRY GMBH |
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|
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Registered Office : |
Ferdinand-Lassalle-Str.
57, D 72770 |
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|
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Country : |
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|
|
|
Financials (as on) : |
31.12.2012 |
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|
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Date of Incorporation : |
19.11.1974 |
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|
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Com. Reg. No.: |
HRB 351339 |
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Legal Form : |
Private limited company |
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|
|
|
Line of Business : |
·
Manufacture
of other chemical products n.e.c. ·
Other research
and experimental development on natural sciences and engineering |
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|
|
|
No. of Employees : |
Not Available |
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 : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
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Very High |
C1 |
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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 |
Textilchemie Dr. Petry GmbH
Ferdinand-Lassalle-Str.
57
D 72770
Reutlingen
Telephone: 07121/95890
Telefax: 07121/95890-33
Homepage:
www.drpetry.de
E-mail: office@drpetry.de
DE146483115
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 19.11.1974
Shareholders'
agreement: 22.10.1976
Registered on: 02.03.1977
Commercial Register: Local court 70190 Stuttgart
under: HRB
351339
Share capital: EUR 400,000.00
Dr. Friedrich
Petry
Helenenweg 4
D 72764 Reutlingen
born: 05.02.1972
Share: EUR 252,000.00
Shareholder:
Dr. Carolin Petry-Münch
D 72070 Tübingen
Share: EUR 54,000.00
Shareholder:
Constanze Dehnen
D 82319 Starnberg
Share: EUR 54,000.00
Shareholder:
Rudi Breier
D 72762 Reutlingen
Share: EUR 20,000.00
Shareholder:
Dr. Rolf Stöhr
D 72810 Gomaringen
Share: EUR 20,000.00
Dr. Jörg Petry
Helenenweg 4
D 72764 Reutlingen
born: 23.10.1939
Profession: Fully
qualified chemist
Marital status: married
Manager:
Dr. Friedrich Petry
Helenenweg 4
D 72764 Reutlingen
born: 05.02.1972
Marital status: single
Rudi Breier
D 72762 Reutlingen
having sole power of
representation
Proxy:
Dr. Rolf Stöhr
D 72810 Gomaringen
having sole power of
representation
Further
functions/participations of Dr. Friedrich Petry (Manager)
Shareholder:
brandoscope GmbH
Waldhäuser Str. 75
D 72076 Tübingen
Legal form: Private
limited company
Share capital: EUR 50,000.00
Share: EUR 31,500.00
Registered
on: 13.08.2008
Reg. data: 70190 Stuttgart, HRB 727067
Manager:
brandoscope GmbH
Waldhäuser Str. 75
D 72076 Tübingen
Legal form: Private limited company
Share capital: EUR 50,000.00
Registered
on: 13.08.2008
Reg. data: 70190 Stuttgart, HRB 727067
19.11.1974 - 21.10.1976 Dr. Jörg Petry
D 72661 Grafenberg
Unregistered
commercial enterprise
22.10.1976 - 01.06.1979 Textilchemie Dr. Petry GmbH
D 72760 Reutlingen
Private limited
company
02.06.1979 - 31.12.1992 Textilchemie Dr. Petry GmbH
Albstr. 52
D 72764 Reutlingen
Private limited
company
Main industrial sector
2059
Manufacture of other chemical products n.e.c.
Secondary industrial sector
7219
Other research and experimental development on natural sciences and
engineering
Payment experience: within agreed terms
Negative information: We have no negative
information at hand.
Balance sheet year: 2012
Type of ownership: Tenant
Address Ferdinand-Lassalle-Str. 57
D 72770 Reutlingen
Land register documents were not available.
Principal bank
VOLKSBANK METZINGEN-BAD URACH, 72555
METZINGEN, WÜRTT
Sort. code: 64091200
BIC: GENODES1MTZ
Turnover: 2012 EUR 14,000,000.00
2013 EUR 14,000,000.00
Profit: 2012 EUR 57,386.00
further business figures:
Equipment: EUR 213,882.00
Ac/ts receivable: EUR 4,001,176.00
Liabilities: EUR 3,060,397.00
Total numbers of vehicles: 7
Employees:
50
-
thereof permanent staff: 13
-
Trainees:
2
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 54.66
Liquidity ratio: 2.29
Return on total capital [%]: 0.66
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 57.19
Liquidity ratio: 2.23
Return on total capital [%]: 3.56
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 55.60
Liquidity ratio: 2.48
Return on total capital [%]: 8.17
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 60.15
Liquidity ratio: 2.53
Return on total capital [%]: 3.72
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 8,689,717.87
Fixed assets
EUR 1,225,344.03
Intangible assets
EUR 8,655.69
Concessions, licences, rights
EUR 8,655.69
Tangible assets
EUR 476,784.69
Land / similar rights
EUR 131,063.12
Plant / machinery
EUR 131,839.64
Other tangible assets / fixtures and
fittings
EUR 213,881.93
Financial assets
EUR 739,903.65
Shares in participations /
subsidiaries and the like
EUR 739,903.65
Shares in related companies
EUR 739,903.65
Current assets
EUR 7,463,353.32
Stocks
EUR 3,148,454.00
Accounts receivable
EUR 4,001,176.33
Amounts due from related companies
EUR 1,676,459.16
Other debtors and assets
EUR 2,324,717.17
Liquid means
EUR 313,722.99
Remaining other assets
EUR 1,020.52
Accruals (assets)
EUR 1,020.52
LIABILITIES EUR 8,689,717.87
Shareholders' equity
EUR 3,750,537.10
Capital
EUR 400,000.00
Subscribed capital (share capital)
EUR 400,000.00
Reserves
EUR 360,256.00
Capital reserves
EUR 360,256.00
Balance sheet profit/loss (+/-)
EUR 2,990,281.10
Balance sheet profit / loss
EUR 2,990,281.10
Provisions
EUR 1,878,784.00
Liabilities EUR 3,060,396.77
Financial debts
EUR 823,058.73
Liabilities due to banks
EUR 823,058.73
Other liabilities
EUR 2,237,338.04
Trade creditors (for IAS incl. bills
of exchange)
EUR 1,164,000.00
Liabilities due to shareholders
EUR 999,000.00
Unspecified other liabilities
EUR 74,338.04
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Gross result (+/-)
EUR 6,662,901.39
Staff expenses
EUR 3,171,755.26
Wages and salaries
EUR 2,469,487.17
Social security contributions and
expenses for pension plans and
benefits
EUR 702,268.09
Total depreciation
EUR 107,844.62
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 107,844.62
Other operating expenses
EUR 3,105,454.32
Operating result from continuing
operations
EUR 277,847.19
Result
from participating interests
(+/-)
EUR 130.00
Expenses / income from participations EUR 130.00
Income from related companies
EUR 130.00
Interest
result (+/-) EUR -119,790.89
Interest and similar income
EUR 3,558.05
Interest and similar expenses
EUR 123,348.94
Financial result (+/-)
EUR -119,660.89
Result from ordinary operations (+/-)
EUR 158,186.30
Income tax / refund of income tax (+/-)EUR -98,770.06
Other taxes / refund of taxes
EUR -2,030.06
Tax (+/-)
EUR -100,800.12
Annual surplus / annual deficit
EUR 57,386.18
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 8,437,238.38
Fixed assets
EUR 1,273,315.50
Intangible assets
EUR 5,724.18
Concessions, licences, rights
EUR 5,724.18
Tangible assets
EUR 527,687.67
Land / similar rights
EUR 148,993.10
Plant / machinery
EUR 163,317.64
Other tangible assets / fixtures and
fittings
EUR 215,376.93
Financial assets
EUR 739,903.65
Shares in participations /
subsidiaries and the like
EUR 739,903.65
Shares in related companies
EUR 739,903.65
Current assets
EUR 7,163,329.43
Stocks
EUR 3,193,668.00
Raw materials, consumables and
supplies
EUR 1,491,520.00
Finished goods / work in progress
EUR 1,702,148.00
Accounts receivable
EUR 3,812,388.24
Amounts due from shareholders
EUR 628.30
Trade debtors
EUR 2,281,951.76
Amounts due from related companies
EUR 1,317,669.96
Other debtors and assets
EUR 212,138.22
Liquid means
EUR 157,273.19
Remaining other assets
EUR 593.45
Accruals (assets)
EUR 593.45
LIABILITIES EUR 8,437,238.38
Shareholders' equity
EUR 3,993,150.92
Capital
EUR 400,000.00
Subscribed capital (share capital)
EUR 400,000.00
Reserves
EUR 360,256.00
Capital reserves
EUR 360,256.00
Balance sheet profit/loss (+/-)
EUR 3,232,894.92
Balance sheet profit / loss
EUR 3,232,894.92
Provisions
EUR 1,746,917.60
Pension provisions and comparable
provisions
EUR 1,388,062.00
Provisions for taxes
EUR 82,024.60
Other / unspecified provisions
EUR 276,831.00
Liabilities
EUR 2,697,169.86
Financial debts
EUR 928,426.15
Liabilities due to banks
EUR 928,426.15
Other liabilities
EUR 1,768,743.71
Trade creditors (for IAS incl. bills
of exchange)
EUR 842,273.32
Liabilities due to shareholders EUR 832,433.98
Unspecified other liabilities
EUR 94,036.41
thereof liabilities from tax /
financial authorities
EUR 62,014.12
thereof liabilities from social
security
EUR 25,026.83
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales
EUR 13,516,342.30
Inventory change + own costs (+/-)
EUR 353,445.00
Inventory change (+/-)
EUR 353,445.00
Other operating income
EUR 303,106.41
Cost of materials
EUR 7,417,606.56
Raw materials and supplies, purchased
goods
EUR 7,275,525.13
Purchased services
EUR 142,081.43
Gross result (+/-)
EUR 6,755,287.15
Staff expenses EUR 2,957,176.71
Wages and salaries
EUR 2,518,105.59
Social security contributions and
expenses for pension plans and
benefits
EUR 439,071.12
Total
depreciation EUR 122,541.14
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 122,541.14
Other operating expenses
EUR 3,117,999.61
Operating result from continuing
operations
EUR 557,569.69
Result from participating interests
(+/-)
EUR 130.00
Expenses / income from participations EUR 130.00
Income from related companies
EUR 130.00
Interest result (+/-)
EUR -84,313.01
Interest and similar income
EUR 5,321.44
Interest and similar expenses
EUR 89,634.45
Financial result (+/-)
EUR -84,183.01
Result from ordinary operations (+/-)
EUR 473,386.68
Income tax / refund of income tax (+/-)EUR -171,099.58
Other
taxes / refund of taxes EUR -2,352.46
Tax (+/-)
EUR -173,452.04
Annual surplus / annual deficit
EUR 299,934.64
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.02 |
|
|
1 |
Rs.99.42 |
|
Euro |
1 |
Rs.77.84 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
PDT |
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 |
|
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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 |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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|
-- |
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.