|
Report No. : |
320111 |
|
Report Date : |
30.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
TROCELLEN GESELLSCHAFT MIT BESCHRÄNKTER
HAFTUNG |
|
|
|
|
Registered Office : |
Mülheimer Str. 26, D 53840 Troisdorf |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
17.10.2000 |
|
|
|
|
Com. Reg. No.: |
HRB 6077 |
|
|
|
|
Legal Form : |
Private Limited Company |
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|
|
|
Line of Business : |
Manufacturer of Other Plastic Products. |
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|
|
|
No. of Employees : |
101 |
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 |
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|
|
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Payment Behaviour : |
Slow but correct |
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|
|
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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 |
|
Moderate |
B1 |
|
High |
B2 |
|
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, 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 |
TROCELLEN
GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG
Company
Status: active
Mülheimer Str. 26
D 53840 Troisdorf
Telephone:02241/85-04
Telefax: 02241/85-3430
Homepage: www.trocellen.com
E-mail: info@trocellen.com
DE813083249
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 17.10.2000
Shareholders'
agreement: 17.10.2000
Registered on: 16.11.2000
Commercial Register: Local court 53721 Siegburg
under: HRB
6077
EUR 8,500,000.00
Shareholder:
Furukawa Electrics LTD
J Tokyo
Legal form: Other legal
form
Share: EUR 8,500,000.00
Manager:
Rudolfo Santa Olalla
I - Treviso
born: 30.03.1958
Nationality: Italian
Manager:
Jozsef Takacs
Hengeresz utca 7.II/1
H 2400 Dunaujvaros
born: 06.07.1958
Nationality: Hungarian
Manager:
Hidemi Nishiyama
J Yamanishi
having sole power of
representation
born: 05.01.1955
Nationality: Japanese
Proxy:
Oliver Cordt
Frouardplatz 18
D 53797 Lohmar
authorized to jointly
represent the company
born: 10.03.1970
Proxy:
Dr. Stefan Ross
Friedrich-Ebert-Allee 54
D 52066 Aachen
authorized to jointly
represent the company
born: 01.10.1966
Proxy:
Udo Stahl
Mühlenstr. 20
D 53721 Siegburg
authorized to jointly
represent the company
born: 01.10.1964
Proxy:
Kazutaka Fukuda
D 50667 Köln
born: 03.03.1968
Further functions/participations of Jozsef
Takacs (Manager)
Shareholder:
PBS UG
(haftungsbeschränkt)
Rupert-Mayer-Str. 44
D 81379 München
Legal form: Entrepreneur
Company (limited
liability)
Share capital: EUR 4,000.00
Share: EUR 800.00
Registered
on: 31.01.2013
Reg. data: 80333 München, HRB 203312
30.09.2011 - 30.06.2014 Manager
Masayuki Ishiwa
J Hiratsuka-City
Main industrial sector
2229
Manufacture of other plastic products
Payment experience: within periods customary in this trade
Negative information:We have no negative
information at hand.
Balance sheet year: 2011
Type of ownership: Tenant
Address Mülheimer
Str. 26
D 53840 Troisdorf
Land register documents were not available.
Principal bank
COMMERZBANK, 50447 KÖLN
Sort. code: 37040044
BIC: COBADEFFXXX
Further banks
DEUTSCHE BANK, 50587 KÖLN
Sort. code: 37070060
BIC: DEUTDEDKXXX
COMMERZBANK VORMALS DRESDNER BANK, 50450 KÖLN
Sort.
code: 37080040
BIC: DRESDEFF370
Turnover: 2014 *EUR 11,615,000.00
Equipment: EUR 176,477.00
Ac/ts receivable: EUR 2,204,321.00
Liabilities: EUR 42,323,418.00
Employees:
101
-
thereof permanent staff: 101
The
business figures marked with an asterisk are estimates based on average values
in the line of business.
Balance
sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 4.41
Liquidity ratio: 0.07
Return on total capital [%]: -11.39
Balance
sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 21.84
Liquidity ratio: 0.12
Return on total capital [%]: -13.87
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 38.79
Liquidity ratio: 0.17
Return on total capital [%]: -8.57
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 52.65
Liquidity ratio: 0.21
Return on total capital [%]: -5.93
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: 01.01.2011 - 31.12.2011
ASSETS EUR 45,880,131.32
Start-up / business expansion expenses EUR 31,086.00
Fixed assets
EUR 32,220,550.37
Intangible assets EUR 400,942.00
Concessions, licences, rights
EUR 400,942.00
Tangible assets
EUR 4,847,714.62
Land / similar rights
EUR 249,757.00
Plant / machinery
EUR 4,418,889.00
Other tangible assets / fixtures and
fittings
EUR 176,477.00
Advance payments made / construction
in progress
EUR 2,591.62
Financial assets
EUR 26,971,893.75
Shares in participations /
subsidiaries and the like
EUR 19,774,893.75
Shares in related companies
EUR 18,032,179.00
Shares
in investee companies EUR 1,742,714.75
Loans to participations /
subsidiaries and the like
EUR 7,197,000.00
Loans to related companies
EUR 7,197,000.00
Current assets EUR 8,617,966.21
Stocks
EUR 2,228,053.70
Raw materials, consumables and
supplies
EUR 1,031,252.19
Finished goods / work in progress
EUR 1,196,801.51
Accounts receivable
EUR 2,204,321.11
Trade debtors
EUR 1,440,362.23
Amounts due from related companies
EUR 305,809.56
Amounts due from investee companies
EUR 92,682.58
Other debtors and assets
EUR 365,466.74
Liquid means
EUR 4,185,591.40
Remaining other assets
EUR 5,010,528.74
Accruals (assets) EUR 3,796.76
Deferred taxes (assets)
EUR 1,322,673.00
Deficit not covered by shareholders'
equity
EUR 3,684,058.98
LIABILITIES EUR
45,880,131.32
Shareholders' equity
EUR 0.00
Capital
EUR 8,500,000.00
Subscribed capital (share capital)
EUR 8,500,000.00
Reserves EUR 37,622,843.45
Capital reserves
EUR 37,622,843.45
Balance sheet profit/loss (+/-)
EUR -49,806,902.43
Profit / loss brought forward
EUR -25,289,556.53
Annual
surplus / annual deficit EUR -24,517,345.90
Other shareholders' equity (+/-)
EUR 3,684,058.98
Deficit not covered by shareholders'
equity
EUR 3,684,058.98
Provisions EUR 3,556,713.17
Pension provisions and comparable
provisions
EUR 1,825,452.00
Provisions for taxes
EUR 14,032.89
Other / unspecified provisions EUR 1,717,228.28
Liabilities
EUR 42,323,418.15
Financial debts
EUR 33,811,923.98
Liabilities due to banks
EUR 33,811,923.98
Other liabilities EUR 8,511,494.17
Trade creditors (for IAS incl. bills
of exchange)
EUR 981,639.80
Liabililties due to related companiesEUR 5,110,215.83
Liabilities due to investee companiesEUR 2,200,000.00
Unspecified other liabilities
EUR 219,638.54
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 18,158,001.72
Inventory change + own costs (+/-)
EUR 109,263.30
Inventory change (+/-)
EUR 67,277.15
Capitalised own costs
EUR 41,986.15
Other operating income
EUR 9,203,185.99
Cost
of materials
EUR 9,848,928.52
Raw materials and supplies, purchased
goods
EUR 9,397,448.54
Purchased services
EUR 451,479.98
Gross
result (+/-) EUR 17,621,522.49
Staff expenses
EUR 6,473,897.32
Wages and salaries
EUR 5,293,880.11
Social security contributions and
expenses for pension plans and
benefits
EUR 1,180,017.21
Total depreciation
EUR 1,619,126.01
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 1,619,126.01
Other operating expenses
EUR 12,304,108.86
Operating result from continuing
operations
EUR -2,775,609.70
Result from participating interests
(+/-) EUR 1,038,750.40
Expenses / income from participations EUR 1,038,750.40
Income from related companies
EUR 1,038,750.40
Interest result (+/-)
EUR -1,114,347.02
Interest and similar income
EUR 9,578.73
Interest and similar expenses
EUR 1,123,925.75
thereof paid to related companies
EUR 130,100.59
Other financial result
EUR -2,966,447.27
Income from securities and loans from
financial assets
EUR 533,552.73
thereof related companies
EUR 533,552.73
Depreciation on financial assets and
marketable securities EUR 3,500,000.00
Financial result (+/-)
EUR -3,042,043.89
Result from ordinary operations (+/-)
EUR -5,817,653.59
Extraordinary expenses
EUR 19,866,160.23
Extraordinary result (+/-)
EUR -19,866,160.23
Income tax / refund of income tax (+/-)EUR 1,217,198.39
Other taxes / refund of taxes
EUR -50,730.47
Tax
(+/-)
EUR 1,166,467.92
Annual
surplus / annual deficit EUR -24,517,345.90
Type
of balance sheet: Company balance sheet
Financial year: 01.01.2010
- 31.12.2010
ASSETS EUR 54,078,075.42
Start-up / business expansion expenses EUR 46,629.00
Fixed assets
EUR 45,915,690.77
Intangible assets
EUR 490,068.00
Concessions, licences, rights
EUR 490,068.00
Tangible assets
EUR 5,718,728.66
Land / similar rights
EUR 272,962.00
Plant / machinery
EUR 5,101,957.00
Other tangible assets / fixtures and
fittings EUR 264,866.00
Advance payments made / construction
in progress
EUR 78,943.66
Financial assets
EUR 39,706,894.11
Shares in participations /
subsidiaries and the like
EUR 19,774,893.75
Shares in related companies
EUR 18,032,179.00
Shares in investee companies
EUR 1,742,714.75
Loans to participations /
subsidiaries
and the like EUR 19,932,000.36
Loans to related companies
EUR 19,932,000.36
Current assets
EUR 8,115,755.65
Stocks
EUR 2,204,383.36
Raw materials, consumables and
supplies
EUR 993,086.12
Finished goods / work in progress
EUR 1,211,297.24
Accounts receivable
EUR 4,473,623.60
Trade debtors
EUR 1,748,903.12
Amounts due from related companies
EUR 2,158,472.85
Amounts due from investee companies
EUR 185,667.75
Other debtors and assets
EUR 380,579.88
Liquid means
EUR 1,437,748.69
LIABILITIES EUR 54,078,075.42
Shareholders' equity
EUR 11,833,286.92
Capital
EUR 8,500,000.00
Subscribed capital (share capital)
EUR 8,500,000.00
Reserves
EUR 28,622,843.45
Capital reserves
EUR 28,622,843.45
Balance sheet profit/loss (+/-)
EUR -25,289,556.53
Profit / loss brought forward
EUR -10,015,733.94
Annual surplus / annual deficit
EUR -15,273,822.59
Provisions
EUR 3,402,108.69
Pension provisions and comparable
provisions
EUR 1,817,905.25
Other / unspecified provisions
EUR 1,584,203.44
Liabilities
EUR 38,842,679.81
Financial debts
EUR 37,608,236.75
Liabilities due to banks
EUR 37,608,236.75
Other liabilities
EUR 1,234,443.06
Trade creditors (for IAS incl. bills
of exchange)
EUR 1,075,160.77
Liabililties due to related companiesEUR 8,379.76
Liabilities due to investee companiesEUR 5,586.48
Unspecified other liabilities
EUR 145,316.05
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 17,133,297.92
Inventory change + own costs (+/-)
EUR 153,915.19
Inventory change (+/-)
EUR 153,915.19
Other operating income EUR 9,673,911.25
Cost of materials
EUR 9,059,954.13
Raw materials and supplies, purchased
goods
EUR 8,507,314.49
Purchased services
EUR 552,639.64
Gross result (+/-)
EUR 17,901,170.23
Staff expenses
EUR 6,808,429.04
Wages and salaries
EUR 5,471,694.62
Social security contributions and
expenses for pension plans and
benefits
EUR 1,336,734.42
Total depreciation
EUR 1,646,078.15
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,646,078.15
Other operating expenses
EUR 11,920,644.59
Operating result from continuing
operations
EUR -2,473,981.55
Interest result (+/-)
EUR -686,079.18
Interest and similar income
EUR 9,411.24
Interest and similar expenses
EUR 695,490.42
Other financial result
EUR -4,185,329.32
Income from securities and loans from
financial assets
EUR 583,670.68
thereof related companies
EUR 583,670.68
Depreciation on financial assets and
marketable securities
EUR 4,769,000.00
Financial result (+/-)
EUR -4,871,408.50
Result from ordinary operations (+/-)
EUR -7,345,390.05
Extraordinary expenses
EUR 7,777,258.89
Extraordinary result (+/-) EUR
-7,777,258.89
Income tax / refund of income tax (+/-)EUR -106,002.16
Other taxes / refund of taxes
EUR -45,171.49
Tax
(+/-)
EUR -151,173.65
Annual surplus / annual deficit
EUR -15,273,822.59
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.20 |
|
|
1 |
Rs.97.01 |
|
Euro |
1 |
Rs.69.34 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.