|
Report No. : |
299915.2 |
|
Report Date : |
25.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
PANTRAC GMBH |
|
|
|
|
Registered Office : |
Vulkanstr. 13, D 10367 Berlin |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
21.07.1994 |
|
|
|
|
Com. Reg. No.: |
HRB 62328 B |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
·
Manufacture of other non-metallic
mineral products. ·
Manufacture of electronic components |
|
|
|
|
No. of Employees : |
92 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow but correct |
|
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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
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, 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 |
PANTRAC GMBH
Company Status: active
Vulkanstr. 13
D 10367 Berlin
Telephone:030/554970
Telefax:
030/55497300
Homepage: www.pantrac.de
E-mail:
central@pantrac.de
VAT
no.: DE812189425
Tax
ID number: 37/182/20174
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 21.07.1994
Shareholders'
agreement: 21.07.1994
Registered on: 01.04.1997
Commercial
Register: Local court 14057 Berlin
under: HRB 62328 B
Share capital: EUR 26,000.00
Shareholder:
E-Carbon S.A.
B Brüssel
Legal form: Other legal
form
Share: EUR 26,000.00
Manager:
Dr. Michael Kobel
D 01445 Radebeul
born: 26.05.1965
Proxy:
Doris Bawey
D 10115 Berlin
having sole power of
representation
born: 27.10.1952
Further functions/participations of Dr.
Michael Kobel (Manager)
Shareholder:
TST Technische Systeme
GmbH
Wiesenweg 1
D 04934 Hohenleipisch
Legal form: Private
limited company
Share capital: EUR 30,000.00
Share: EUR 30,000.00
Registered
on: 11.08.2011
Reg. data: 03044 Cottbus, HRB 9010 CB
Manager:
TST Technische Systeme
GmbH
Wiesenweg 1
D 04934 Hohenleipisch
Legal form: Private
limited company
Share capital: EUR 30,000.00
Registered
on: 11.08.2011
Reg. data: 03044 Cottbus, HRB 9010 CB
21.07.1994 - 31.03.1997 TAT-Vermögensverwaltung GmbH
Mannheimer Str. 66
D 68782 Brühl
Private limited
company
01.04.1997 - 31.12.2000 SGL PanTac Gesellschaft für elektrische
Kontakte mbH
Herzbergstr. 130
D 10365 Berlin
Private limited company
01.01.2001 - 27.08.2002 SGL PanTac Gesellschaft für elektrische
Kontakte mbH
Vulkanstr. 13
D 10367 Berlin
Private limited
company
28.08.2002 - 02.06.2003 SGL PanTrac Gesellschaft für elektrische
Kontakte mbH
Vulkanstr. 13
D 10367 Berlin
Private limited
company
13.07.2006 - 04.04.2014 Manager
Helmut Pinger
D 10367 Berlin
Main industrial sector
2399
Manufacture of other non-metallic mineral products n.e.c.
2611
Manufacture of electronic components
Payment experience: within periods customary in this trade
Negative information:We have no negative
information at hand.
Type of ownership: Tenant
Address Vulkanstr. 13
D 10367 Berlin
Land register documents were not available.
KBC
BANK DEUTSCHLAND, 40212 DÜSSELDORF
Sort. code: 30120500, Account no.: 288017
BIC: BANVDEHB300, IBAN: DE33301205000000288017
LANDESBANK BERLIN - BERLINER SPARKASSE, 10889
BERLIN
Sort. code: 10050000, Account no.: 370014049
BIC: BELADEBEXXX, IBAN: DE74100500000370014049
Gross profit or loss:2013 EUR 6,840,162.00
2014 EUR 6,900,000.00
Profit: 2013 EUR -728,763.00
further business figures:
Equipment: EUR 39,334.00
Ac/ts receivable: EUR 2,727,356.00
Liabilities: EUR 7,613,613.00
Employees:
92
-
thereof permanent staff: 92
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 16.79
Liquidity ratio: 0.38
Return on total capital [%]: -6.84
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 24.49
Liquidity ratio: 0.32
Return on total capital [%]: -5.68
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 36.83
Liquidity ratio: 0.52
Return on total capital [%]: 0.02
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 45.13
Liquidity ratio: 1.08
Return on total capital [%]: 13.23
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 10,958,391.97
Fixed assets
EUR 3,877,067.33
Intangible assets
EUR 602,446.44
Tangible assets
EUR 3,274,620.89
Land / similar rights
EUR 20,621.71
Plant / machinery
EUR 889,038.04
Other tangible assets / fixtures and
fittings
EUR 39,334.14
Advance payments made / construction
in progress
EUR 2,325,627.00
Current assets EUR 7,004,663.96
Stocks
EUR 3,903,977.71
Accounts receivable
EUR 2,727,356.13
Liquid means
EUR 373,330.12
Remaining other assets
EUR 76,660.68
Accruals (assets)
EUR 76,660.68
LIABILITIES EUR 10,958,391.97
Shareholders' equity
EUR 2,090,524.99
Capital EUR 26,000.00
Subscribed capital (share capital)
EUR 26,000.00
Reserves
EUR 639,114.85
Capital reserves
EUR 639,114.85
Balance sheet profit/loss (+/-)
EUR 1,425,410.14
Profit / loss brought forward
EUR 2,154,173.08
Annual surplus / annual deficit
EUR -728,762.94
Provisions
EUR 1,254,254.37
Liabilities
EUR 7,613,612.61
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 6,840,161.58
Staff expenses EUR 3,716,772.80
Wages and salaries
EUR 3,091,011.78
Social security contributions and
expenses for pension plans and
benefits
EUR 625,761.02
Total
depreciation EUR 582,820.31
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 582,820.31
Other operating expenses
EUR 2,997,323.72
Operating result from continuing
operations
EUR -456,755.25
Interest result (+/-)
EUR -270,020.62
Interest and similar income
EUR 4,008.51
Interest and similar expenses
EUR 274,029.13
Financial result (+/-)
EUR -270,020.62
Result from ordinary operations (+/-)
EUR -726,775.87
Income tax / refund of income tax (+/-)EUR -1,021.79
Other taxes / refund of taxes
EUR -965.28
Tax
(+/-)
EUR -1,987.07
Annual surplus / annual deficit
EUR -728,762.94
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 10,462,719.12
Fixed assets
EUR 2,703,942.88
Intangible assets
EUR 681,837.75
Tangible assets
EUR 2,022,105.13
Land / similar rights
EUR 51,803.14
Plant / machinery
EUR 987,633.96
Other tangible assets / fixtures and
fittings
EUR 62,682.41
Advance payments made / construction
in progress
EUR 919,985.62
Current assets
EUR 7,668,138.70
Stocks EUR 5,326,339.20
Accounts receivable
EUR 1,904,976.39
Liquid means
EUR 436,823.11
Remaining other assets
EUR 90,637.54
Accruals (assets) EUR 90,637.54
LIABILITIES EUR 10,462,719.12
Shareholders' equity
EUR 2,819,287.93
Capital
EUR 26,000.00
Subscribed capital (share capital)
EUR 26,000.00
Reserves
EUR 639,114.85
Capital reserves
EUR 639,114.85
Balance sheet profit/loss (+/-)
EUR 2,154,173.08
Profit / loss brought forward
EUR 2,728,590.61
Annual surplus / annual deficit
EUR -574,417.53
Provisions
EUR 1,227,701.11
Liabilities EUR 6,415,730.08
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 6,955,295.68
Staff expenses
EUR 3,924,382.35
Wages and salaries
EUR 3,305,428.72
Social security contributions and
expenses for pension plans and
benefits
EUR 618,953.63
Total depreciation
EUR 269,871.31
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 269,871.31
Other operating expenses
EUR 3,135,853.98
Operating result from continuing
operations
EUR -374,811.96
Interest result (+/-)
EUR -201,345.59
Interest and similar income
EUR 4,084.03
Interest and similar expenses
EUR 205,429.62
Financial result (+/-)
EUR -201,345.59
Result from ordinary operations (+/-)
EUR -576,157.55
Income tax / refund of income tax (+/-)EUR 3,080.02
Other taxes / refund of taxes
EUR -1,340.00
Tax
(+/-)
EUR 1,740.02
Annual surplus / annual deficit
EUR -574,417.53
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.40 |
|
|
1 |
Rs.95.42 |
|
Euro |
1 |
Rs.68.49 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
TPT |
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.