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Report No. : |
354171 |
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Report Date : |
11.12.2015 |
IDENTIFICATION DETAILS
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Name : |
TUR THERAPIETECHNIK GMBH |
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Registered Office : |
Grubenstr. 20, D 18055 Rostock |
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Country : |
Germany |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
04.11.2004 |
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Com. Reg. No.: |
HRB 9945 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Manufacutre
of technical instruments and supplies for medical purposesn.e.c. ·
Retail
sale of medical and orthopedic arcticles |
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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 : |
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.
|
Source
: CIA |
TUR
THERAPIETECHNIK GMBH
Company Status: active
Grubenstr. 20
D 18055 Rostock
Telephone:03303/5088-0
Telefax: 03303/5088-11
Homepage:
www.therapietechnik.com
E-mail: info@therapietechnik.com
Tax ID number: 079/121/05061
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 04.11.2004
Shareholders'
agreement: 04.11.2004
Registered on: 14.12.2004
Commercial Register: Local court 18057 Rostock
under: HRB
9945
EUR 25,000.00
Shareholder:
Johannes Dietrich
Thomas-Müntzer-Platz 3
D 01307 Dresden
born: 07.03.1978
Share: EUR 25,000.00
Manager:
Johannes Dietrich
Thomas-Müntzer-Platz 3
D 01307 Dresden
born: 07.03.1978
04.11.2004 - 10.2010 Therapietechnik Rostock GmbH
Friedrich-Barnewitz-Str. 3
D 18119 Rostock
Private limited
company
10.2010 - 18.07.2012 TUR Therapietechnik GmbH
Friedrich-Barnewitz-Str. 8
D 18119 Rostock
Private limited
company
Main industrial sector
32501
Manufacutre of technical instruments and supplies for medical
purposesn.e.c.
4774
Retail sale of medical and orthopedic arcticles
Branch:
TUR Therapietechnik GmbH
Berliner Str. 60
D 16540 Hohen Neuendorf
TEL.: 03303/50880
Payment experience: within periods customary in this trade
Negative information:We have no negative
information at hand.
Balance sheet year: 2013
PMI: present: 67
01.12.2015
Ø 6 months:64
The "Payment
Morality Index" evaluates
payment delays that have
been reported to
the "DDMonitor"
100: No payment delays are shown in the
"DDMonitor".
80-99:
The "DDMonitor" confirms the payment
delay of a few
days.
40-79: The "DDMonitor" confirms the
payment
delay of some
days to weeks.
0-39: The "DDMonitor" confirms the
payment
delay of several
months.
Important note: In the
past months only
single or slight payment
delays have become
known.
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 Grubenstr.
20
D 18055 Rostock
Land register documents were not
available.
UNICREDIT BANK - HYPOVEREINSBANK, 18055
ROSTOCK
Sort. code: 20030000
BIC: HYVEDEMM300
Turnover: 2014 *EUR 1,012,500.00
Profit: 2013 EUR -15,698.00
further business figures:
Equipment: *EUR 81,000.00
Ac/ts receivable: EUR 392,980.00
Liabilities: EUR 573,572.00
Employees:
10
-
Trainees:
1
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 [%]: 6.16
Liquidity ratio: 0.74
Return on total capital [%]: -1.64
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 10.19
Liquidity ratio: 0.19
Return on total capital [%]: 1.12
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 10.87
Liquidity ratio: 1.40
Return on total capital [%]: -3.01
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 6.38
Liquidity ratio: 1.02
Return on total capital [%]: -8.34
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 1,058,701.50
Start-up / business expansion expenses EUR 2.00
Fixed assets
EUR 260,261.00
Intangible assets EUR 176,932.00
Tangible assets
EUR 83,329.00
Current assets
EUR 786,024.11
Stocks
EUR 362,186.64
Accounts receivable EUR 392,979.54
Liquid means
EUR 30,857.93
Remaining other assets
EUR 12,414.39
Accruals (assets)
EUR 555.81
Deferred taxes (assets)
EUR 11,858.58
LIABILITIES EUR 1,058,701.50
Shareholders' equity
EUR 98,655.80
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Reserves
EUR -49,703.78
Retained earnings / revenue reserves EUR -49,703.78
Balance sheet profit/loss (+/-)
EUR 123,359.58
Profit / loss brought forward
EUR 139,057.33
Annual surplus / annual deficit
EUR -15,697.75
Items between shareholders' equity and
debt capital
EUR 346,292.00
Special items with reserve funds EUR 91,292.00
Mezzanine financing
EUR 255,000.00
Contributions of silent partners
EUR 255,000.00
Provisions
EUR 40,182.09
Liabilities
EUR 573,571.61
Type
of balance
sheet: Company balance sheet
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 859,128.30
Start-up / business expansion expenses EUR 2.00
Fixed assets
EUR 281,517.00
Intangible assets
EUR 206,838.00
Tangible assets
EUR 74,679.00
Current assets
EUR 576,353.49
Stocks
EUR 495,142.63
Accounts receivable EUR 79,208.41
Liquid means
EUR 2,002.45
Remaining other assets
EUR 1,255.81
Accruals (assets)
EUR 1,255.81
LIABILITIES EUR 859,128.30
Shareholders' equity
EUR 114,353.55
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR 89,353.55
Profit / loss brought forward
EUR 80,883.00
Annual surplus / annual deficit
EUR 8,470.55
Items between shareholders' equity and
debt capital EUR 262,214.00
Special items with reserve funds
EUR 107,214.00
Mezzanine financing
EUR 155,000.00
Contributions of silent partners
EUR 155,000.00
Provisions
EUR 61,833.30
Liabilities
EUR 420,727.45
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.66.79 |
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|
1 |
Rs.101.37 |
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Euro |
1 |
Rs.73.46 |
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EUR |
1 |
Rs.73.20 |
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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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.