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Report No. : |
316726 |
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Report Date : |
09.04.2015 |
IDENTIFICATION DETAILS
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Name : |
TROGE MEDICAL GMBH |
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Registered Office : |
Milchstr. 19, D 20148 Hamburg |
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Country : |
Germany |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
04.03.1986 |
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Com. Reg. No.: |
HRB 35614 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Wholesale
of Pharmaceutical Goods · Wholesale of Medical and Orthopedic Goods, Dental and Laboratory Supplies |
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No. of Employees : |
24 |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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 |
TROGE
MEDICAL GMBH
Company Status: active
Milchstr. 19
D 20148 Hamburg
Telephone:040/4418440
Telefax: 040/4107303
Homepage: www.trogemedical.de
E-mail: info@trogemedical.de
DE118600359
57/870/00519
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 1986
Shareholders'
agreement: 02.01.1986
Registered on: 04.03.1986
Commercial
Register: Local court 20355 Hamburg
under: HRB
35614
EUR 1,000,000.00
Shareholder:
Karl-Heinz Troge
Milchstr. 19
D 20148 Hamburg
born: 31.10.1940
Share: EUR 1,000,000.00
Manager:
Karl-Heinz Troge
Milchstr. 19
D 20148 Hamburg
having sole power of
representation
born: 31.10.1940
Profession: Businessman
Marital status: divorced
Manager:
Thomas Tilgner
Hofweg 58
D 22085 Hamburg
authorized to jointly
represent the company
born: 14.12.1964
Profession: Businessman
Manager:
Timo Troge
D 20148 Hamburg
born: 27.08.1976
Proxy:
Michael Frank Knorr
D 20148 Hamburg
authorized to jointly
represent the company
born: 20.04.1967
08.07.2009 - 31.05.2013 Manager
Günther Hillmer
D 21629 Neu Wulmstorf
Sectors
46461
Wholesale of pharmaceutical goods
46462
Wholesale of medical and orthopedic goods, dental and laboratory
supplies
Payment experience: cash discount/within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2013
Type of ownership: Tenant
Address Milchstr.
19
D 20148 Hamburg
Real Estate of: Karl-Heinz
Troge
Type of ownership: Proprietor
Share: 100.00 %
Address Badestr.
D 20148 Hamburg
Land register documents were not available.
COMMERZBANK, 20454 HAMBURG
Sort. code: 20040000
BIC: COBADEHHXXX
DEUTSCHE BANK, 20079 HAMBURG
Sort. code: 20070000
BIC: DEUTDEHHXXX
Gross profit or loss:2013 EUR 3,726,418.00
Profit: 2013 EUR 595,937.00
Equipment: EUR 214,941.00
Ac/ts receivable: EUR 3,033,541.00
Liabilities: EUR 4,206,179.00
Employees:
24
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 35.55
Liquidity ratio: 1.39
Return on total capital [%]: 8.47
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 49.14
Liquidity ratio: 1.76
Return on total capital [%]: 6.01
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 51.11
Liquidity ratio: 2.15
Return on total capital [%]: 8.01
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 49.78
Liquidity ratio: 1.79
Return on total capital [%]: 6.28
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: 01.01.2013
- 31.12.2013
ASSETS EUR 7,043,445.72
Fixed assets
EUR 243,574.64
Intangible assets EUR 19,589.00
Tangible assets
EUR 222,496.00
Other tangible assets / fixtures and
fittings
EUR 214,941.00
Advance payments made / construction
in
progress
EUR 7,555.00
Financial assets
EUR 1,489.64
Shares in participations /
subsidiaries and the like
EUR 1,489.64
Shares in related companies
EUR 1,489.64
Current assets
EUR 6,799,871.08
Stocks
EUR 2,214,063.16
Accounts receivable
EUR 3,033,541.02
Liquid means EUR 1,552,266.90
LIABILITIES EUR 7,043,445.72
Shareholders' equity
EUR 2,039,106.64
Capital
EUR 1,000,000.00
Subscribed capital (share capital) EUR
1,000,000.00
Balance sheet profit/loss (+/-)
EUR 1,039,106.64
Balance sheet profit / loss
EUR 1,039,106.64
Provisions
EUR 798,160.08
Liabilities
EUR 4,206,179.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 3,726,417.61
Staff expenses EUR 1,752,962.73
Wages and salaries
EUR 1,581,770.13
Social security contributions and
expenses for pension plans and
benefits
EUR 171,192.60
Total depreciation
EUR 73,572.55
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 73,572.55
Other operating expenses
EUR 942,414.52
Operating result from continuing
operations
EUR 957,467.81
Interest result (+/-)
EUR -78,377.93
Interest and similar income
EUR 6,352.71
Interest and similar expenses
EUR 84,730.64
Other financial result
EUR 2,189.99
Income from securities and loans from
financial assets
EUR 2,189.99
Financial result (+/-)
EUR -76,187.94
Result from ordinary operations (+/-)
EUR 881,279.87
Income tax / refund of income tax (+/-)EUR -283,977.04
Other taxes / refund of taxes
EUR -1,366.00
Tax
(+/-)
EUR -285,343.04
Annual surplus / annual deficit
EUR 595,936.83
Type
of balance sheet: Company
balance sheet
Financial year: 01.01.2012
- 31.12.2012
ASSETS EUR 7,377,597.31
Fixed assets
EUR 244,425.00
Intangible assets
EUR 3,571.00
Tangible assets
EUR 240,854.00
Other tangible assets / fixtures and
fittings
EUR 240,854.00
Current assets
EUR 7,119,416.67
Stocks
EUR 2,459,753.11
Accounts receivable EUR 3,975,525.75
Liquid means
EUR 684,137.81
Remaining other assets
EUR 13,755.64
Accruals (assets)
EUR 13,755.64
LIABILITIES EUR 7,377,597.31
Shareholders' equity
EUR 2,027,206.65
Capital
EUR 1,000,000.00
Subscribed capital (share capital)
EUR 1,000,000.00
Balance sheet profit/loss (+/-)
EUR 1,027,206.65
Balance sheet profit / loss
EUR 1,027,206.65
Provisions
EUR 811,787.44
Liabilities
EUR 4,538,603.22
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 3,302,882.84
Staff expenses
EUR 1,743,573.78
Wages and salaries EUR 1,573,282.70
Social security contributions and
expenses for pension plans and
benefits
EUR 170,291.08
Total depreciation
EUR 49,309.40
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 49,309.40
Other operating expenses
EUR 735,381.87
Operating result from continuing
operations EUR 774,617.79
Interest result (+/-)
EUR -109,490.42
Interest and similar income
EUR 11,222.73
Interest and similar expenses
EUR 120,713.15
Other financial result
EUR 2,105.83
Income from securities and loans from
financial assets
EUR 2,105.83
Financial result (+/-)
EUR -107,384.59
Result from ordinary operations (+/-)
EUR 667,233.20
Income tax / refund of income tax (+/-)EUR -222,394.39
Other taxes / refund of taxes
EUR -1,669.00
Tax
(+/-)
EUR -224,063.39
Annual surplus / annual deficit
EUR 443,169.81
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.33 |
|
|
1 |
Rs.92.53 |
|
Euro |
1 |
Rs.67.60 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
NIT |
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.