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Report No. : |
353121 |
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Report Date : |
10.12.2015 |
IDENTIFICATION DETAILS
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Name : |
ETIBE ETIKETTIERTECHNIK IN BERLIN GMBH |
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Registered Office : |
Saalmannstr. 7-9 D 13403 Berlin |
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Country : |
Germany |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
20.02.1992 |
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Com. Reg. No.: |
HRB 43831 B |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Manufacture of machinery for paper and
paperboard production.
·
Wholesale of other equipment and
accessories for machinery and
technical supplies. |
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No. of Employee : |
6 |
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 : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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.
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Source
: CIA |
ETIBE ETIKETTIERTECHNIK IN BERLIN GMBH
Company Status: active
Saalmannstr. 7-9
D 13403 Berlin
Telephone:030/4022973
Telefax: 030/4027891
Homepage: www.etibe.de
E-mail: service@etibe.de
VAT
no.: DE811355506
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 20.02.1992
Shareholders'
agreement: 20.02.1992
Registered on: 22.07.1992
Commercial Register: Local court 14057 Berlin
under: HRB
43831 B
EUR
25,564.60
Shareholder:
Norbert Menge
Engelmannweg 78
D 13403 Berlin
born: 24.05.1942
Share: EUR 20,451.68
Shareholder:
Susanne Bischof
Am Rathauspark 16
D 13437 Berlin
born: 14.05.1964
née: Wallrath
Share: EUR 5,112.92
Manager:
Susanne Bischof
Am Rathauspark 16
D 13437 Berlin
having sole power of
representation
born: 14.05.1964
née: Wallrath
Profession: Mechanical
engineer
Marital status: married
24.07.1997 - 04.01.2010 Etibe Etikettiertechnik in Berlin GmbH
Hermsdorfer Str. 40
D 13437 Berlin
Private limited
company
Main industrial sector
28950
Manufacture of machinery for paper and paperboard
production
28990
Manufacture of other special-purpose machinery n.e.c.
46692
Wholesale of other machinery
46693
Wholesale of other equipment and accessories for
machinery and technical supplies
Payment experience: Slow but Correct
Negative information:We have no negative
information at hand.
Balance sheet year: 2013
PMI: No significant / relevant
payment experience
information pertaining to
the company
inquired upon is shown in
the Deutscher
Debitoren Monitor
(DDMonitor).
Events Index: 1
At present, NO events are
known.
The Events Index indicates
if any particular
events have occurred,
such as e.g. a
relocation of registered
office or a change
within management. On the
basis of number,
relevance and up-to-dateness
of the events
an index value ranging
from 1 (no events) to
5 is calculated.
Companies showing a
particularly large number
of events receive
the index 6.
Type of ownership: Tenant
Address Saalmannstr. 7-9
D 13403 Berlin
Real Estate of: Susanne Bischof
Type of ownership: Tenant
Address Am Rathauspark 16
D 13437 Berlin
Land register documents were not available.
LANDESBANK BERLIN - BERLINER SPARKASSE, 10889
BERLIN
Sort. code: 10050000
BIC: BELADEBEXXX
COMMERZBANK, FILIALE BERLIN 1, 10891 BERLIN
Sort. code: 10040000
BIC: COBADEBBXXX
Turnover: 2014 *EUR 820,000.00
Profit: 2013 EUR -31,481.00
further business figures:
Equipment: *EUR 49,500.00
Ac/ts receivable: EUR 18,688.00
Liabilities: EUR 109,513.00
Employees:
6
-
thereof permanent staff: 6
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 [%]: -44.07
Liquidity ratio: 0.19
Return
on total capital [%]: -40.24
Balance sheet ratios 01.01.2012 -
31.12.2012(1)
Equity ratio [%]: 1.57
Liquidity ratio: 0.83
Return on total capital [%]: -8.54
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 17.95
Liquidity ratio: 0.29
Return on total capital [%]: 51.77
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: -40.07
Liquidity ratio: 0.24
Return on total capital [%]: -7.85
(1)
The depth of balance sheet suggests that the company, as a
so-called micro-entity in accordance with art.
267a German
Commercial Code, has availed itself of the
facilitations of the
German Micro-Entities Amending Account Law
(MicBilG) This is why
it
is possible that the resultant reduction of the depth of
presentation in the annual accounts may entail
deviating
calculation methods of the respective balance
sheet ratios and
thus
to an altered Solvency Rating [NG] and/or balance sheet
grade.
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
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2013 - 31.12.2013
ASSETS EUR 112,694.02
Fixed assets EUR 18,164.51
Intangible assets
EUR 1,253.00
Tangible assets
EUR 16,911.51
Current assets
EUR 59,151.04
Stocks EUR 26,824.64
Accounts receivable
EUR 18,688.34
Liquid means
EUR 13,638.06
Remaining other assets
EUR 35,378.47
Accruals (assets)
EUR 1,533.69
Deficit not covered by shareholders'
equity
EUR 33,844.78
LIABILITIES EUR 112,694.02
Shareholders' equity
EUR 0.00
Capital
EUR 7,259.74
Subscribed capital (share capital)
EUR 25,564.00
thereof not yet paid-up capital
EUR 25,564.00
thereof called
EUR 7,259.74
thereof uncalled outstanding
contributions
EUR 18,304.26
Balance sheet profit/loss (+/-)
EUR -41,104.52
Profit / loss brought forward
EUR -9,623.99
Annual surplus / annual deficit
EUR -31,480.53
Other shareholders' equity (+/-)
EUR 33,844.78
Deficit not covered by shareholders'
equity EUR 33,844.78
Provisions
EUR 3,181.23
Liabilities
EUR 109,512.79
Type of balance
sheet: micro balance sheet
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2012 - 31.12.2012 (2)
ASSETS EUR 125,311.88
Fixed assets
EUR 23,659.51
Current assets
EUR 97,931.29
Remaining other assets
EUR 3,721.08
Accruals (assets)
EUR 1,356.83
Deficit not covered by shareholders'
equity EUR 2,364.25
LIABILITIES EUR 125,311.88
Provisions
EUR 3,693.94
Liabilities
EUR 121,617.94
thereof total due to shareholders
EUR 4,289.55
(2)
The abbreviated depth of presentation of the annual accounts
may
be atributed to application of regulations within the German
Micro-Entities Amending Accounting Law.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.66.75 |
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|
1 |
Rs.100.29 |
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Euro |
1 |
Rs.72.89 |
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EUR |
1 |
Rs.73.90 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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HNA |
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Report Prepared
by : |
ANK |
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.