|
Report No. : |
333658 |
|
Report Date : |
01.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
PROPHETE GMBH & CO. KG |
|
|
|
|
Registered Office : |
Lindenstr.
50 D 33378 Rheda-Wiedenbrück |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
30.09.2013 |
|
|
|
|
Date of Incorporation : |
12.12.1948 |
|
|
|
|
Com. Reg. No.: |
HRA 5063 |
|
|
|
|
Legal Form : |
Ltd partnership with priv. Ltd. Company as general partner |
|
|
|
|
Line of Business : |
Manufacture of bicycles and invalid carriages |
|
|
|
|
No. of Employees : |
205 |
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 |
|
|
|
|
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Germany |
|
|
|
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 5.2% 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. The German economy suffers from low levels of investment, and a government plan to invest 15 billion euros 2016-18, largely in infrastructure, is intended to spur needed private investment. 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 accounted for 27.8% of gross electricity consumption in 2014, 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. Extremely low inflation, caused largely by low global energy prices and a weak euro, are expected to boost German GDP growth in 2015.
|
Source
: CIA |
PROPHETE GMBH & CO. KG
Active
Lindenstr.
50
D 33378
Rheda-Wiedenbrück
Telephone:05242/41080
Telefax: 05242/410872
Homepage:
www.prophete.net
E-mail: si-zweirad@prophete.net
Prophete
DE126780650
Business relations are permissible.
LEGAL FORM Ltd
partnership with priv. ltd. company as
general partner
Date of foundation: 12.12.1948
Registered on: 12.12.1948
Register of
companies: Local court 33330 Gütersloh
under: HRA 5063
Total cap. contribution: EUR 2,000,000.00
Limited partner:
Matthias Prophete
Anemonenstr. 6
D 97228 Rottendorf
born: 24.11.1953
Share: EUR 1,000,000.00
Limited partner:
Severine Lönne
Parkstr. 2
D 26122 Oldenburg
born: 13.11.1974
Share: EUR 1,000,000.00
General partner:
Prophete Verwaltungs GmbH
Lindenstr. 50
D 33378 Rheda-Wiedenbrück
Legal form: Private
limited company
Share capital: EUR 80,000.00
Registered on: 07.03.1980
Reg. data: 33330
Gütersloh, HRB 5676
Shareholder:
Matthias Prophete
Anemonenstr. 6
D 97228 Rottendorf
born: 24.11.1953
Share: EUR 40,000.00
Shareholder:
Severine Lönne
Parkstr. 2
D 26122 Oldenburg
born: 13.11.1974
Share: EUR 40,000.00
Manager:
Oliver Venohr
D 97218 Gerbrunn
having sole power of
representation
born: 09.04.1975
Profession: Businessman
Manager:
Severine Lönne
Parkstr. 2
D 26122 Oldenburg
having sole power of
representation
born: 13.11.1974
Profession: Fully
qualified merchant
Proxy:
Ulrike Maria Auberer
D 88317 Aichstetten
authorized to jointly
represent the company
born: 15.03.1955
Further functions/participations of Prophete
Verwaltungs GmbH
(General partner)
Shareholder:
Profa Gebrauchsgüter
Handels- und Service -
GmbH
Lindenstr. 50
D 33378 Rheda-Wiedenbrück
Legal form: Private limited
company in
liquidation
Share capital: EUR 52,000.00
Share: EUR 52,000.00
Registered
on: 07.09.2007
Reg. data: 33330 Gütersloh, HRB 7723
12.12.1948 - 12.12.2003 Prophete GmbH & Co.
Lindenstr. 49
D 33378
Rheda-Wiedenbrück
Ltd partnership with
priv. ltd. company
as general partner
12.12.2003 - 13.02.2006 Prophete GmbH & Co. KG
Lindenstr. 49
D 33378 Rheda-Wiedenbrück
Ltd partnership with
priv. ltd. company
as general partner
13.02.2006 - 01.06.2007 Prophete GmbH & Co. KG
Lindenstr. 49
D 33378 Rheda-Wiedenbrück
Ltd partnership with
priv. ltd. company
as general partner
Main industrial sector
30920
Manufacture of bicycles and invalid carriages
Payment
experience: Slow but correct
Negative
information: We have no negative information at hand.
Balance
sheet year: 2012/2013
Type of ownership: Tenant
Address Lindenstr.
50
D 33378 Rheda-Wiedenbrück
Real Estate of: Prophete
Verwaltungs GmbH
Type of ownership: Tenant
Address Lindenstr.
50
D 33378 Rheda-Wiedenbrück
Land register documents were not available.
Principal bank
DEUTSCHE BANK, 33501 BIELEFELD
Sort. code: 48070020
BIC: DEUTDE3BXXX
Further banks
COMMERZBANK VORMALS DRESDNER BANK, 33244
GÜTERSLOH
Sort. code: 47880031
BIC: DRESDEFF478
ZV LANDESBANK BADEN-WÜRTTEMBERG, 55098 MAINZ A
RHEIN
Sort. code: 55050000
BIC: SOLADEST550
VB RHEDA-WIEDENBRÜCK ZNDL D VB
BIELEFELD-GÜTERSLOH, 33378
RHEDA-WIEDENBRÜCK
Sort. code: 47860125
BIC: GENODEM1GTL
KREISSPARKASSE WIEDENBRÜCK, 33373
RHEDA-WIEDENBRÜCK
Sort. code: 47853520
BIC: WELADED1WDB
Turnover: 2012/2013 EUR 74,882,688.00
2013/2014 *EUR 75,680,000.00
Profit: 2012/2013 EUR -1,861,024.00
further business figures:
Equipment: EUR 1,146,417.00
Ac/ts receivable: EUR 5,152,030.00
Liabilities: EUR 27,351,338.00
Total numbers of vehicles: * 30
- Lorries:
30
Employees:
205
The business figures marked with an asterisk
are estimates based on average values in the line of business.
Balance sheet ratios 01.10.2012 - 30.09.2013
Equity ratio [%]: 41.23
Liquidity ratio: 0.31
Return on total capital [%]: -4.88
Balance sheet ratios 01.01.2012 - 30.09.2012
Equity ratio [%]: 46.64
Liquidity ratio: 0.31
Return on total capital [%]: 0.06
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 42.15
Liquidity ratio: 0.21
Return on total capital [%]: -3.60
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 53.90
Liquidity ratio: 0.34
Return on total capital [%]: -0.19
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: 01.10.2012
- 30.09.2013
ASSETS EUR 38,117,614.79
Fixed assets
EUR 5,022,786.78
Intangible assets
EUR 254,657.50
Concessions, licences, rights
EUR 254,657.50
Tangible assets
EUR 1,262,915.00
Land / similar rights
EUR 53,184.50
Plant / machinery
EUR 63,314.00
Other tangible assets / fixtures and
fittings EUR 1,146,416.50
Financial assets
EUR 3,505,214.28
Shares in participations /
subsidiaries and the like
EUR 3,022,114.28
Shares in related companies
EUR 800,000.00
Shares in investee companies
EUR 2,222,114.28
Loans to participations /
subsidiaries and the like
EUR 481,700.00
Loans to related companies
EUR 481,700.00
Other loans EUR 1,400.00
Current assets
EUR 33,014,414.14
Stocks
EUR 25,076,432.73
Finished goods / work in progress
EUR 24,318,638.58
Advance payments made
EUR 757,794.15
Accounts receivable
EUR 5,152,030.33
Trade debtors
EUR 1,589,549.31
Amounts due from related companies
EUR 1,027,208.08
Amounts due from investee companies
EUR 2,432,350.07
Other debtors and assets
EUR 102,922.87
Liquid means
EUR 2,785,951.08
Remaining other assets EUR 80,413.87
Accruals (assets)
EUR 80,413.87
LIABILITIES EUR 38,117,614.79
Shareholders' equity
EUR 7,966,124.60
Capital EUR 2,000,000.00
Limited partner's capital / capital
of partially liable partner (LP)
EUR 2,000,000.00
Limited partner's capital, fixed
capital, capital account I
EUR 2,000,000.00
Reserves
EUR 5,966,124.60
Provisions
EUR 2,800,152.69
Other / unspecified provisions
EUR 2,800,152.69
Liabilities
EUR 27,351,337.50
Financial debts
EUR 15,401,161.19
Liabilities due to banks
EUR 15,401,161.19
Other liabilities
EUR 11,950,176.31
Trade creditors (for IAS incl. bills
of exchange)
EUR 1,383,704.21
Liabilities due to shareholders
EUR 7,748,817.46
Liabililties due to related companiesEUR 1,207,653.09
Unspecified other liabilities
EUR 1,610,001.55
thereof liabilities from tax /
financial authorities
EUR 1,210,717.38
thereof liabilities from social
security
EUR 2,209.75
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales
EUR 74,882,687.68
Other operating income
EUR 15,612,254.65
Cost of materials
EUR 70,739,309.65
Raw materials and supplies, purchased
goods
EUR 67,031,500.22
Purchased services
EUR 3,707,809.43
Gross result (+/-)
EUR 19,755,632.68
Staff expenses
EUR 6,978,310.46
Wages and salaries
EUR 5,802,501.95
Social security contributions and
expenses for pension plans and
benefits
EUR 1,175,808.51
Total depreciation
EUR 461,956.49
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 461,956.49
Other operating expenses
EUR 12,557,449.88
Operating result from continuing
operations
EUR -242,084.15
Interest result (+/-)
EUR -1,607,532.08
Interest and similar income
EUR 226,266.93
thereof from related companies
EUR 215,537.47
Interest and similar expenses
EUR 1,833,799.01
Financial result (+/-)
EUR -1,607,532.08
Result from ordinary operations (+/-)
EUR -1,849,616.23
Income tax / refund of income tax (+/-)EUR 497.29
Other taxes / refund of taxes
EUR -11,904.60
Tax (+/-)
EUR -11,407.31
Annual surplus / annual deficit
EUR -1,861,023.54
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2012
- 30.09.2012
ASSETS EUR 37,333,412.39
Fixed assets
EUR 5,098,469.78
Intangible assets
EUR 106,050.00
Concessions, licences, rights
EUR 106,050.00
Tangible assets
EUR 1,268,905.50
Land / similar rights
EUR 59,658.50
Plant / machinery
EUR 62,195.00
Other tangible assets / fixtures and
fittings
EUR 1,147,052.00
Financial assets
EUR 3,723,514.28
Shares in participations /
subsidiaries and the like
EUR 3,022,114.28
Shares in related companies
EUR 800,000.00
Shares in investee companies EUR 2,222,114.28
Loans to participations /
subsidiaries and the like
EUR 700,000.00
Loans to related companies
EUR 700,000.00
Other loans
EUR 1,400.00
Current assets
EUR 32,179,826.61
Stocks
EUR 25,178,653.13
Raw materials, consumables and
supplies
EUR 11,516,123.88
Finished goods / work in progress
EUR 13,144,685.49
Advance payments made
EUR 517,843.76
Accounts receivable
EUR 4,349,151.66
Amounts due from shareholders
EUR 0.00
Trade debtors
EUR 1,261,916.64
Amounts due from related companies
EUR 68,358.88
Amounts due from investee companies
EUR 1,047,359.10
Other debtors and assets
EUR 1,971,517.04
Liquid means
EUR 2,652,021.82
Remaining other assets
EUR 55,116.00
Accruals (assets)
EUR 55,116.00
LIABILITIES EUR 37,333,412.39
Shareholders' equity
EUR 10,187,148.14
Capital
EUR 2,000,000.00
Limited partner's capital / capital
of partially liable partner (LP)
EUR 2,000,000.00
Reserves
EUR 8,187,148.14
Retained earnings / revenue reserves EUR 8,187,148.14
Provisions
EUR 3,439,137.13
Provisions for taxes EUR 45,514.00
Other / unspecified provisions
EUR 3,393,623.13
Liabilities
EUR 23,707,127.12
Financial debts
EUR 11,227,602.82
Liabilities due to banks
EUR 11,227,602.82
Other liabilities
EUR 12,479,524.30
Trade creditors (for IAS incl. bills
of exchange)
EUR 2,015,022.22
Liabilities due to shareholders
EUR 7,225,224.05
Unspecified other liabilities
EUR 3,239,278.03
thereof liabilities from tax /
financial authorities
EUR 1,148,943.23
thereof liabilities from social
security EUR 3,024.61
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales
EUR 62,791,480.13
Inventory change + own costs (+/-)
EUR 662,328.02
Inventory change (+/-)
EUR 662,328.02
Other operating income
EUR 15,678,349.11
Cost of materials
EUR 61,458,149.61
Raw materials and supplies, purchased
goods EUR 58,249,893.63
Purchased services
EUR 3,208,255.98
Gross result (+/-)
EUR 17,674,007.65
Staff expenses
EUR 5,559,847.19
Wages and salaries
EUR 4,611,410.10
Social security contributions and
expenses for pension plans and
benefits
EUR 948,437.09
Total depreciation
EUR 341,838.07
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 341,838.07
Other operating expenses
EUR 10,283,107.51
Operating result from continuing
operations
EUR 1,489,214.88
Interest result (+/-)
EUR -1,275,341.60
Interest and similar income
EUR 189,164.53
thereof from related companies
EUR 182,529.43
Interest and similar expenses
EUR 1,464,506.13
Financial result (+/-)
EUR -1,275,341.60
Result from ordinary operations (+/-)
EUR 213,873.28
Extraordinary income
EUR 367,933.59
Extraordinary result (+/-)
EUR 367,933.59
Income tax / refund of income tax (+/-)EUR -181,860.89
Other taxes / refund of taxes
EUR -11,282.76
Tax (+/-)
EUR -193,143.65
Annual surplus / annual deficit EUR 388,663.22
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.01 |
|
UK Pound |
1 |
Rs.99.84 |
|
Euro |
1 |
Rs.70.16 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
VNT |
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.