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Report No. : |
318133 |
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Report Date : |
22.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
TREPEL AIRPORT EQUIPMENT GMBH |
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|
Registered Office : |
Hochhäuser Str. 18, D 97941
Tauberbischofsheim, Post Box:13 29 |
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|
|
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Country : |
Germany |
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|
|
|
Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
31.03.1995 |
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|
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Com. Reg. No.: |
HRB 560405 |
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Legal Form : |
Private Limited Company |
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|
|
Line of Business : |
·
Manufacture
of other special-purpose machinery n.e.c. · Wholesale of other equipment and accessories for machinery and technical supplies |
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|
|
No. of Employees : |
26 |
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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|
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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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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, 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 2014. The new German government introduced
a minimum wage of about $11.60 (8.50 euros) 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%. The budget was essentially in
balance in 2014. 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 plans to replace nuclear
power with renewable energy, which accounts for 34% of total energy
consumption, up from 9% in 2000. 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 |
Your inquiry: Trepel Airport Equipment, D 65203
Wiesbaden
The subject of your inquiry is a branch.
We are reporting on the headquarters.
TREPEL
AIRPORT EQUIPMENT GMBH
Company Status: Active
Hochhäuser Str. 18
D 97941
Tauberbischofsheim
Post Box:
13 29
Telephone:09341/899-0
Telefax: 09341/899-139
Homepage: www.trepel.com
E-mail: info@trepel.com
DE172386634
Business relations are permissible.
LEGAL FORM Private
limited company
Date
of foundation: 31.03.1995
Shareholders'
agreement: 31.03.1995
Registered on: 27.11.1995
Commercial Register: Local court 68159 Mannheim
under: HRB
560405
EUR 2,556,459.41
Shareholder:
NDW Draht und Stahl GmbH
Friedrichstr. 16
D 69412 Eberbach
Legal form: Private
limited company
Share capital: EUR
12,800,000.00
Share: EUR 2,556,459.41
Registered on: 08.06.1995
Reg. data: 68159
Mannheim, HRB 330776
Manager:
Werner Berger
Heiner-Knaub-Weg 2
D 69412 Eberbach
having sole power of
representation
born: 30.07.1958
Profession: Businessman
Marital status: married
Manager:
Klaus Pfeiffer
D 65183 Wiesbaden
having sole power of
representation
born: 04.10.1954
Proxy:
Carsten Schimkat
Riederbergstr. 46
D 65195 Wiesbaden
authorized to jointly
represent the company
born: 17.10.1968
Proxy:
Pauline Baust
D 63500 Seligenstadt
authorized to jointly
represent the company
born: 08.02.1954
Further functions/participations of Werner
Berger (Manager)
Manager:
Mafi Transport-Systeme
Gesellschaft mit
beschränkter Haftung
Hochhäuser Str. 18
D 97941
Tauberbischofsheim
Post Box:
13 29
Legal form: Private
limited company
Share capital: EUR 2,556,459.41
Registered
on: 09.09.1991
Reg. data: 68159 Mannheim, HRB 560292
Main industrial sector
28990
Manufacture of other special-purpose machinery n.e.c.
46693
Wholesale of other equipment and accessories for machinery and technical
supplies
Branch:
TREPEL Airport Equipment
GmbH
Hagenauer Str. 42
D 65203 Wiesbaden
TEL.: 0611/880880
FAX.: 0611/8808811
Shareholder:
GERMAN AIRPORT EQUIPMENT
GMBH
Hagenauer Str. 42
D 65203 Wiesbaden
Legal form: Private
limited company
Company Status: active
Share capital: EUR 1,000,000.00
Share: EUR 1,000,000.00
Reg. data: 08.09.1969
Local court
65189 Wiesbaden
HRB 2878
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2013
Type of ownership: Tenant
Address Hochhäuser
Str. 18
D 97941 Tauberbischofsheim
Real Estate of: NDW
Draht und Stahl GmbH
Type
of ownership: Proprietor
Share: 100.00 %
Address Friedrichstr.
16
D 69412 Eberbach
Land register documents were not available.
Principal bank
BADEN-WÜRTTEMBERGISCHE BANK, 97932
TAUBERBISCHOFSHEIM
Sort. code: 67332551
BIC: SOLADEST675
Turnover: 2013 EUR 56,364,116.00
Profit: 2013 EUR 459,296.00
Equipment: EUR 834,480.00
Ac/ts receivable: EUR 14,631,890.00
Liabilities: EUR 19,931,038.00
Employees:
26
Balance
sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 33.62
Liquidity ratio: 0.87
Return on total capital [%]: 1.63
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 23.57
Liquidity ratio: 0.82
Return on total capital [%]: 6.83
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 20.37
Liquidity ratio: 0.51
Return on total capital [%]: -0.36
Balance
sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 27.34
Liquidity ratio: 0.76
Return on total capital [%]: -1.32
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 28,626,949.39
Fixed assets
EUR 2,235,412.10
Intangible assets
EUR 400,198.38
Goodwill
EUR 400,198.38
Tangible assets
EUR 834,480.00
Other tangible assets / fixtures and
fittings
EUR 834,480.00
Financial assets
EUR 1,000,733.72
Shares in participations /
subsidiaries and the like
EUR 1,000,733.72
Shares in related companies
EUR 1,000,733.72
Current assets
EUR 26,373,306.46
Stocks
EUR 11,286,564.00
Finished goods / work in progress
EUR 11,286,564.00
Accounts receivable
EUR 14,631,889.52
Other debtors and assets
EUR 14,631,889.52
Liquid means
EUR 454,852.94
Remaining other assets
EUR 18,230.83
Accruals (assets)
EUR 18,230.83
LIABILITIES EUR 28,626,949.39
Shareholders' equity EUR 7,324,027.57
Capital
EUR 2,556,459.41
Subscribed capital (share capital)
EUR 2,556,459.41
Reserves
EUR 1,500,000.00
Capital reserves
EUR 1,500,000.00
Balance sheet profit/loss (+/-)
EUR 3,267,568.16
Profit / loss brought forward
EUR 2,808,272.65
Annual surplus / annual deficit
EUR 459,295.51
Provisions EUR 1,263,281.00
Provisions for taxes
EUR 212,321.00
Other / unspecified provisions
EUR 1,050,960.00
Liabilities
EUR 19,931,037.74
thereof total due to shareholders
EUR 2,565,691.88
Other liabilities
EUR 19,931,037.74
Trade creditors (for IAS incl. bills
of exchange)
EUR 369,137.07
Liabilities from received advance
payments
EUR 199,597.43
Liabililties due to related companiesEUR 18,517,969.27
Unspecified other liabilities
EUR 844,333.97
thereof
liabilities from tax /
financial authorities
EUR 70,760.03
thereof liabilities from social
security
EUR 26,389.02
Other liabilities
EUR 108,603.08
Deferred taxes (not included under
provisions/liabilities)
EUR 108,603.08
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 56,364,115.56
Inventory change + own costs (+/-)
EUR 2,674,017.38
Inventory change (+/-)
EUR 2,573,715.00
Capitalised own costs
EUR 100,302.38
Other operating income
EUR 3,065,960.74
Cost of materials
EUR 49,875,455.82
Raw materials and supplies, purchased
goods
EUR 49,049,053.51
Purchased services
EUR 826,402.31
Gross result (+/-)
EUR 12,228,637.86
Staff expenses
EUR 2,428,690.30
Wages and salaries
EUR 2,075,677.52
Social security contributions and
expenses for pension plans and
benefits
EUR 353,012.78
Total depreciation
EUR 756,482.53
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 756,482.53
Other operating expenses
EUR 8,003,281.86
Operating result from continuing
operations
EUR 1,040,183.17
Result from participating interests
(+/-) EUR 21,620.09
Expenses / income from participations EUR 21,620.09
Income from transfer of profits
EUR 21,620.09
Interest result (+/-)
EUR -373,626.43
Interest and similar income
EUR 4,052.56
Interest and similar expenses
EUR 377,678.99
thereof paid to related companies
EUR 289,527.49
Financial result (+/-)
EUR -352,006.34
Result from ordinary operations (+/-)
EUR 688,176.83
Income tax / refund of income tax (+/-)EUR -197,033.20
Other taxes / refund of taxes
EUR -31,848.12
Tax
(+/-) EUR -228,881.32
Annual surplus / annual deficit
EUR 459,295.51
Type of balance sheet: Company
balance sheet
Financial year: 01.01.2012
- 31.12.2012
ASSETS EUR
26,724,484.33
Fixed assets
EUR 2,897,048.72
Intangible assets
EUR 740,606.00
Goodwill
EUR 740,606.00
Tangible assets EUR 1,155,709.00
Other tangible assets / fixtures and
fittings
EUR 1,155,709.00
Financial assets
EUR 1,000,733.72
Shares in participations /
subsidiaries and the like
EUR 1,000,733.72
Shares in related companies
EUR 1,000,733.72
Current assets
EUR 23,798,248.64
Stocks
EUR 8,712,849.00
Finished goods / work in progress
EUR 8,712,849.00
Accounts receivable
EUR 14,888,956.07
Other debtors and assets
EUR 14,888,956.07
Liquid means
EUR 196,443.57
Remaining other assets
EUR 29,186.97
Accruals (assets)
EUR 29,186.97
LIABILITIES EUR 26,724,484.33
Shareholders' equity
EUR 6,864,732.06
Capital
EUR 2,556,459.41
Subscribed capital (share capital)
EUR 2,556,459.41
Reserves
EUR 1,500,000.00
Capital reserves EUR 1,500,000.00
Balance sheet profit/loss (+/-)
EUR 2,808,272.65
Profit / loss brought forward
EUR 1,032,572.98
Annual surplus / annual deficit
EUR 1,775,699.67
Provisions EUR 1,452,700.00
Provisions for taxes
EUR 105,620.00
Other / unspecified provisions
EUR 1,347,080.00
Liabilities
EUR 18,381,046.44
Other
liabilities EUR 18,381,046.44
Trade creditors (for IAS incl. bills
of exchange)
EUR 359,195.82
Liabilities from received advance
payments
EUR 645,740.99
Liabililties due to related companiesEUR 16,959,373.39
Unspecified other liabilities
EUR 416,736.24
thereof liabilities from tax /
financial authorities
EUR 66,407.17
thereof liabilities from social
security
EUR 17,456.00
Other liabilities
EUR 26,005.83
Deferrals (liabilities)
EUR 7,768.40
Deferred taxes (not included under
provisions/liabilities)
EUR 18,237.43
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 49,982,497.78
Inventory change + own costs (+/-)
EUR -3,114,215.00
Inventory change (+/-)
EUR -3,779,324.00
Capitalised own costs
EUR 665,109.00
Other operating income
EUR 2,671,492.55
Cost of materials
EUR 37,865,872.01
Raw materials and supplies, purchased
goods
EUR 37,567,448.95
Purchased services
EUR 298,423.06
Gross result (+/-) EUR 11,673,903.32
Staff expenses
EUR 2,259,066.11
Wages and salaries
EUR 1,916,918.88
Social security contributions and
expenses for pension plans and
benefits EUR 342,147.23
Total depreciation
EUR 507,421.76
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 507,421.76
Other operating expenses
EUR 6,623,007.03
Operating result from continuing
operations
EUR 2,284,408.42
Result from participating interests
(+/-) EUR 27,173.86
Expenses / income from participations EUR 27,173.86
Income from transfer of profits
EUR 27,173.86
Interest result (+/-)
EUR -408,353.49
Interest and similar income
EUR 4,829.63
Interest and similar expenses
EUR 413,183.12
thereof paid to related companies
EUR 228,629.63
Financial result (+/-)
EUR -381,179.63
Result
from ordinary operations (+/-) EUR 1,903,228.79
Income tax / refund of income tax (+/-)EUR -123,870.62
Other taxes / refund of taxes
EUR -3,658.50
Tax
(+/-)
EUR -127,529.12
Annual surplus / annual deficit
EUR 1,775,699.67
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.92 |
|
|
1 |
Rs.93.57 |
|
Euro |
1 |
Rs.67.34 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIT |
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.