MIRA INFORM REPORT

 

Report No. :

351886.2

Report Date :

31.12.2015

 

IDENTIFICATION DETAILS

 

Name :

PRONATEC GMBH

 

 

Registered Office :

BYK-Gulden-Str. 12 D 78467 Konstanz

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2014

 

 

Date of Incorporation :

29.05.2009

 

 

Legal Form :

Private limited company

 

 

Line of Business :

·         Manufacture of other general-purpose machinery n.e.c.

·         Retail sale of fruit and vegetables

 

 

No. of Employee :

Not Available

 

 

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 :

No complaints

 

 

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.

 

 

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

 

Company naem adn addrress

 

PRONATEC GmbH

 

Byk-Gulden-Str. 12

D 78467 Konstanz

Telephone:07531/3622057

Telefax:  07531/3622058

Homepage: www.pronatec.com

E-mail:   info@pronatec.com

 

 

Company Status

 

  Active

 

 

CONCLUSION

 

 Business relations are permissible.

 

 

Company summery

 

 LEGAL FORM              Private limited company

 Date of foundation:      29.05.2009

 Shareholders'

 agreement:                   29.05.2009

 Registered on:             02.06.2009

 Commercial Register:   Local court 79098 Freiburg

 under:                          HRB 703825

 

 Share capital:                          EUR             25,000.00

 

 Shareholder:

                      Pronatec AG

                      Stegackerstr. 6

                      CH 8409 Winterthur

                      Legal form: Other legal form

                      Share:             EUR             25,000.00

 Manager:

                      David Yersin

                      CH  Elsau

                      having sole power of representation

                      born: 21.03.1962

                      Nationality: Swiss

 Proxy:

                      Stephan Schad

                      CH  Mannenbach-Salenstein

                      authorized to jointly represent the company

                      born: 26.01.1967

 Proxy:

                      Simon Yersin

                      CH  Ottoberg

                      authorized to jointly represent the company

                      born: 10.01.1991

                      Nationality: Swiss

 Proxy:

                      Stephan Tschurr

                      CH  Fehraltdorf

                      authorized to jointly represent the company

                      born: 10.04.1961

                      Nationality: Swiss

 Proxy:

                      Jürg Honegger

                      CH  Seuzach

                      authorized to jointly represent the company

                      born: 14.03.1964

                      Nationality: Swiss

 

 

COMPANY HISTORY

 

 02.06.2009 - 16.12.2013            PRONATEC GmbH

                                                Lohnerhofstr. 2

                                                D 78467 Konstanz

                                                Private limited company

 

 

RESIGNED ACTING PERSONS AND SHAREHOLDERS

 

 08.01.2013 - 16.12.2015            Manager

                                                Jürgen Auerbach

                                                CH ELSAU

 

 

BUSINESS ACTIVITIES

 

Main industrial sector

2829    Manufacture of other general-purpose machinery n.e.c.

4721    Retail sale of fruit and vegetables

5210    Warehousing

 

 

FINANCIAL INFORMATION

 

 Payment experience:    Satisfactory

 

 Negative information:   We have no negative information at hand.

 

 Balance sheet year:      2014

 

 

REAL ESTATE

 

 Type of ownership:       Tenant

 Address                       Byk-Gulden-Str. 12

                                    D 78467 Konstanz

 

 Land register documents were not available.

 

 

BANKERS

 

 A bank connection is unknown.

 

 

FINANCIAL FIGURES

 

 Profit:              2013               EUR             56,030.00

                      2014               EUR             58,635.00

 further business figures:

 Equipment:                              EUR             20,324.00

 Ac/ts receivable:                       EUR            162,195.00

 Liabilities:                            EUR          3,053,069.00

 The number of employees is not known.

 

 

 BALANCE SHEETS

 

 Balance sheet ratios     01.01.2014 - 31.12.2014

 Equity ratio [%]:                                   59.71

 Liquidity ratio:                                      0.06

 Return on total capital [%]:                    1.74

 

 Balance sheet ratios     01.01.2013 - 31.12.2013

 Equity ratio [%]:                                   61.55

 Liquidity ratio:                                      0.51

 Return on total capital [%]:                    7.98

 

 Balance sheet ratios     01.01.2012 - 31.12.2012

 Equity ratio [%]:                                   75.89

 Liquidity ratio:                                      1.14

 Return on total capital [%]:                    4.61

 

 Balance sheet ratios     01.01.2011 - 31.12.2011

 Equity ratio [%]:                                   34.56

 Liquidity ratio:                                      0.89

 Return on total capital [%]:                    2.10

 

 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:      01.01.2014 - 31.12.2014

 

 ASSETS                                  EUR          3,452,150.87

  Fixed assets                           EUR             20,324.00

   Tangible assets                       EUR             20,324.00

    Other tangible assets / fixtures and

    fittings                             EUR             20,324.00

  Current assets                         EUR          3,431,826.87

   Stocks                                EUR          3,242,868.00

    Finished goods / work in progress    EUR          3,042,868.00

    Advance payments made                EUR            200,000.00

   Accounts receivable                   EUR            162,195.07

    Trade debtors                        EUR             85,730.09

    Other debtors and assets             EUR             76,464.98

   Liquid means                          EUR             26,763.80

 

 LIABILITIES                             EUR          3,452,150.87

  Shareholders' equity                   EUR            264,216.61

   Capital                               EUR             25,000.00

    Subscribed capital (share capital)   EUR             25,000.00

   Balance sheet profit/loss (+/-)       EUR            239,216.61

    Profit / loss brought forward        EUR            180,581.15

    Annual surplus / annual deficit      EUR             58,635.46

  Provisions                             EUR            134,865.68

   Provisions for taxes                  EUR                168.82

   Other / unspecified provisions        EUR            134,696.86

  Liabilities                            EUR          3,053,068.58

   thereof total due to shareholders     EUR          1,831,641.62

   Other liabilities                     EUR          3,053,068.58

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR          2,669,636.67

    Unspecified other liabilities        EUR            383,431.91

     thereof liabilities from tax /

     financial authorities               EUR              1,129.29

 

 

 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            815,931.15

  Fixed assets                           EUR             15,753.00

   Tangible assets                       EUR             15,753.00

    Other tangible assets / fixtures and

    fittings                             EUR             15,753.00

  Current assets                         EUR            800,178.15

   Stocks                                EUR            528,328.00

    Finished goods / work in progress    EUR            528,328.00

   Accounts receivable                   EUR            206,001.17

    Trade debtors                        EUR            133,811.00

    Other debtors and assets             EUR             72,190.17

   Liquid means                          EUR             65,848.98

 

 LIABILITIES                             EUR            815,931.15

  Shareholders' equity                   EUR            205,581.15

   Capital                               EUR             25,000.00

    Subscribed capital (share capital)   EUR             25,000.00

   Balance sheet profit/loss (+/-)       EUR            180,581.15

    Profit / loss brought forward        EUR            124,551.38

    Annual surplus / annual deficit      EUR             56,029.77

  Provisions                             EUR             22,784.04

   Provisions for taxes                  EUR             10,784.04

   Other / unspecified provisions        EUR             12,000.00

  Liabilities                            EUR            587,565.96

   thereof total due to shareholders     EUR            340,351.94

   Other liabilities                     EUR            587,565.96

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR            407,863.30

    Unspecified other liabilities        EUR            179,702.66

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.42

UK Pound

1

Rs.98.55

Euro

1

Rs.72.60

EUR

1

Rs.72.47

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

AMT

 

 

Report Prepared by :

TRU

 

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.