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Report No. : |
336748 |
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Report Date : |
13.08.2015 |
IDENTIFICATION DETAILS
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Name : |
PE POLYMER
ENGINEERING PLANT CONSTRUCTION GMBH |
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Registered Office : |
Breitscheidstr. 148, D 07407 Rudolstadt |
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Country : |
Germany |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
26.11.2008 |
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Com. Reg. No.: |
HRB 503585 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Manufacture
of other general-purpose machinery n.e.c. · Engineering activities in the field of technical sectoral planning and engineering design |
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No. of Employees : |
10 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small Company |
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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 – March 31, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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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, 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 |
PE
POLYMER ENGINEERING PLANT CONSTRUCTION GMBH
Company Status: active
Breitscheidstr. 148
D 07407 Rudolstadt
Telephone:03672/30190
Telefax: 03672/301919
Homepage: www.polymereng.de
E-mail: info@polymereng.de
DE269188789
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 26.11.2008
Shareholders'
agreement: 26.11.2008
Registered on: 20.02.2009
Commercial Register: Local court 07745 Jena
under: HRB
503585
EUR 125,000.00
Shareholder:
Jürgen Wiltzer
Ludwig-Jahn-Str. 3
D 07422 Bad
Blankenburg
born: 28.04.1971
Share: EUR 125,000.00
Manager:
Jürgen Wiltzer
Ludwig-Jahn-Str. 3
D 07422 Bad Blankenburg
having sole power of
representation
born: 28.04.1971
Further functions/participations of Jürgen
Wiltzer (Manager)
Manager:
Polymer Engineering GmbH
Breitscheidstr. 148
D 07407 Rudolstadt
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 08.05.1991
Reg. data: 07745 Jena, HRB 200860
Manager:
Verwaltungsgesellschaft
TWA Wärmeanlagenbau
Thüringen GmbH
Rudolstädter Str. 15
D 07422 Bad Blankenburg
Legal form: Private
limited company
Share capital: EUR 52,151.76
Registered
on: 28.02.1994
Reg. data: 07745 Jena, HRB 204117
Manager:
PE Wiltzer und Lausmann
GmbH
Breitscheidstr. 148
D 07407 Rudolstadt
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 17.04.2000
Reg. data: 07745 Jena, HRB 208212
Proxy:
PE Polymer Engineering
GmbH & Co. Forschungs
KG
Breitscheidstr. 148
D 07407 Rudolstadt
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
dormant
Total cap. EUR 100,000.00
contribution:
Registered
on: 11.04.1997
Reg. data: 07745 Jena, HRA 201481
20.02.2009 - 15.10.2009 PE Plant Engineering GmbH
D 07407 Rudolstadt
Private limited
company
16.10.2009 - 30.03.2011 PE Polymer Engineering Plant
Construction GmbH
Ludwig-Jahn-Str. 3
D 07422 Bad
Blankenburg
Private limited
company
Sectors
2829
Manufacture of other general-purpose machinery n.e.c.
2899
Manufacture of other special-purpose machinery n.e.c.
71121
Engineering activities in the field of technical overall planning
71122
Engineering activities in the field of technical sectoral planning
andengineering design
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2013
Type of ownership: Tenant
Address Breitscheidstr.
148
D 07407 Rudolstadt
Land register documents were not
available.
VOLKSBANK SAALETAL, 07393 RUDOLSTADT
Sort. code: 83094454
BIC: GENODEF1RUJ
UNICREDIT BANK - HYPOVEREINSBANK, 07704 JENA
Sort. code: 83020087
BIC: HYVEDEMM463
Turnover: 2013 EUR 1,174,000.00
2014 EUR 1,100,000.00
Expected turnover: EUR 1,700,000.00
Profit: 2013 EUR 5,865.00
further business figures:
Equipment: *EUR 85,000.00
Ac/ts receivable: EUR 691,443.00
Liabilities: EUR 911,546.00
Employees: 10
The
business figures marked with an asterisk are estimates based on average values in the line of business.
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 22.00
Liquidity ratio: 0.81
Return on total capital [%]: 0.50
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 19.23
Liquidity ratio: 1.32
Return on total capital [%]: 2.24
Balance
sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 17.42
Liquidity ratio: 1.18
Return on total capital [%]: 9.56
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 1.35
Liquidity ratio: 0.23
Return on total capital [%]: 0.21
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 1,176,788.89
Fixed assets
EUR 39,112.00
Intangible assets
EUR 2,759.00
Tangible assets
EUR 36,353.00
Current assets
EUR 1,135,717.42
Stocks
EUR 421,000.00
Accounts receivable
EUR 691,443.28
Liquid means
EUR 23,274.14
Remaining other assets
EUR 1,959.47
Accruals (assets)
EUR 1,959.47
LIABILITIES EUR 1,176,788.89
Shareholders' equity
EUR 227,911.04
Capital
EUR 125,000.00
Subscribed capital (share capital)
EUR 125,000.00
Balance sheet profit/loss (+/-)
EUR 102,911.04
Profit / loss brought forward
EUR 97,046.27
Annual surplus / annual deficit
EUR 5,864.77
Provisions
EUR 37,332.00
Liabilities
EUR 911,545.85
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 905,264.38
Fixed assets
EUR 21,643.00
Intangible assets
EUR 3,463.00
Other / unspecified intangible assetsEUR 3,463.00
Tangible assets
EUR 18,180.00
Other / unspecified tangible assets
EUR 18,180.00
Current assets
EUR 881,336.97
Stocks
EUR 7,500.00
Accounts receivable EUR 812,343.07
Other debtors and assets
EUR 812,343.07
Liquid means
EUR 61,493.90
Remaining other assets
EUR 2,284.41
Accruals (assets)
EUR 2,284.41
LIABILITIES EUR 905,264.38
Shareholders' equity
EUR 167,046.27
Capital
EUR 70,000.00
Subscribed capital (share capital) EUR 70,000.00
Balance sheet profit/loss (+/-)
EUR 97,046.27
Profit / loss brought forward
EUR 76,839.60
Annual surplus / annual deficit
EUR 20,206.67
Provisions
EUR 54,671.91
Liabilities
EUR 683,546.20
Other liabilities
EUR 683,546.20
Unspecified other liabilities
EUR 683,546.20
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.64.83 |
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|
1 |
Rs.101.00 |
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Euro |
1 |
Rs.71.82 |
INFORMATION DETAILS
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Analysis Done by
: |
KAS |
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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.