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Report No. : |
271151.2 |
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Report Date : |
14.02.2015 |
IDENTIFICATION DETAILS
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Name : |
FLÖTER VERPACKUNGS-SERVICE GMBH |
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Registered Office : |
Robert-Bosch-Str. 17 D 71701 Schwieberdingen Post Box: 11 48, D 71697 Schwieberdingen |
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Country : |
Germany |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
23.05.1978 |
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Com. Reg. No.: |
HRB 290161 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
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No. of Employee : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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, has 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 5.3% in 2013. The new German government introduced a minimum wage of $11 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%. 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. 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 hopes to replace nuclear power with renewable energy. 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.
|
Source
: CIA |
In the meantime there have been changes in
particular in the
following areas subject to monitoring:
-
Balance sheets
Flöter Verpackungs-Service GmbH
Company Status: active
Robert-Bosch-Str. 17
D 71701 Schwieberdingen
Post Box:
11 48, D 71697
Schwieberdingen
Telephone:07150/92483-0
Telefax: 07150/92483-80
Homepage: www.floeter.com
E-mail: info@floeter.com
VAT
no.: DE144993671
Tax
ID number: 71318/05108
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 23.05.1978
Shareholders'
agreement: 23.05.1978
Registered on: 30.05.1978
Commercial Register: Local court 70190 Stuttgart
under: HRB
290161
EUR 500,000.00
Shareholder:
LOGIN Corporate
Investment GmbH & Co. KG
Im Köngemann 1
D 70839 Gerlingen
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR 52,000.00
contribution:
Share: EUR 500,000.00
Registered on: 05.06.2000
Reg. data: 70190
Stuttgart, HRA 290360
Manager:
Marc-Stephen Rapp
Im Köngemann 1
D 70839 Gerlingen
having sole power of
representation
born: 19.04.1965
Profession: Businessman
Marital status: unknown
Further functions/participations of
Marc-Stephen Rapp (Manager)
Proprietor:
Marc-Stephen Rapp
Daimlerstr. 5
D 71735 Eberdingen
Legal form: Unregistered
commercial
enterprise
Limited partner:
LOGIN Corporate
Investment GmbH & Co. KG
Im Köngemann 1
D 70839 Gerlingen
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 52,000.00
contribution:
Share: EUR 52,000.00
Registered
on: 05.06.2000
Reg. data: 70190 Stuttgart, HRA 290360
Shareholder:
Marc Rapp
Verwaltungs-GmbH
Im Köngemann 1
D 70839 Gerlingen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 05.06.2000
Reg. data: 70190 Stuttgart, HRB 290867
Shareholder:
LOGIN Verwaltungs GmbH
Im Köngemann 1
D 70839 Gerlingen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 19.10.2011
Reg. data: 70190 Stuttgart, HRB 739047
Manager:
TW Germany Holdings GmbH
Robert-Bosch-Str. 17
D 71701 Schwieberdingen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 07.07.2014
Reg. data: 70190 Stuttgart, HRB 749398
Manager:
MetPro
Verpackungs-Service GmbH
An der Linde 21
D 04838 Jesewitz
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 03.12.2010
Reg. data: 04275 Leipzig, HRB 26678
Manager:
LOGIN Verwaltungs GmbH
Im Köngemann 1
D 70839 Gerlingen
Legal form: Private
limited company
Share
capital: EUR 25,000.00
Registered
on: 19.10.2011
Reg. data: 70190 Stuttgart, HRB 739047
30.05.1978 - 07.08.2007 Flöter Verpackungs-Service GmbH
Daimlerstr. 5
D 71735 Eberdingen
Private limited
company
07.08.2007 - 18.07.2010 Flöter Verpackungs-Service GmbH
Oberthstr. 1
D 71706 Markgröningen
Private limited
company
Main industrial sector
22220
Manufacture of plastic packing goods
Average risk of default: 4.7 %
Secondary
industrial sector
82920
Packaging activities
Average risk of default: 2.0 %
Works:
Flöter
Verpackungs-Service GmbH
An der Linde 21
D 04838 Jesewitz
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Balance
sheet year: 2013
Type of ownership: Tenant
Address Robert-Bosch-Str. 17
D 71701 Schwieberdingen
Real Estate of: Marc-Stephen
Rapp
Type of ownership: unknown
Address Im
Köngemann 1
D 70839 Gerlingen
Land register documents were not available.
Principal bank
KREISSPARKASSE LUDWIGSBURG, 71665 VAIHINGEN AN
DER ENZ
Sort. code: 60450050, Account no.: 8992880
BIC: SOLADES1LBG, IBAN: DE29604500500008992880
Turnover: 2012 EUR 1,365,442.00
2013 EUR 1,450,000.00
Profit: 2012 EUR -63,373.00
further business figures:
Ac/ts receivable: EUR 124,786.00
Liabilities: EUR 128,073.00
Employees:
4
BALANCE SHEETS
Balance
sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 84.00
Liquidity ratio: 10.00
Return
on total capital [%]: -31.66
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 77.36
Liquidity ratio: 10.00
Return on total capital [%]: -3.05
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 64.06
Liquidity ratio: 6.48
Return on total capital [%]: 11.10
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 47.25
Liquidity ratio: 1.29
Return
on total capital [%]: 1.85
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 1,424,640.18
Fixed assets
EUR 11,590.32
Tangible assets
EUR 11,590.32
Current assets
EUR 1,402,689.86
Stocks
EUR 1,045,994.01
Accounts receivable
EUR 124,785.84
Liquid means
EUR 231,910.01
Remaining other assets
EUR 10,360.00
Accruals (assets)
EUR 10,360.00
LIABILITIES EUR 1,424,640.18
Shareholders' equity EUR 1,197,112.54
Capital
EUR 500,000.00
Subscribed capital (share capital)
EUR 500,000.00
Balance sheet profit/loss (+/-)
EUR 697,112.54
Profit / loss brought forward
EUR 697,112.54
Provisions
EUR 99,454.30
Liabilities
EUR 128,073.34
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 2,117,263.93
Fixed assets
EUR 188,387.34
Tangible assets
EUR 188,387.34
Other tangible assets / fixtures and
fittings
EUR 188,387.34
Current assets
EUR 1,928,876.59
Stocks
EUR 464,600.42
Finished goods / work in progress EUR 464,600.42
Accounts receivable
EUR 945,095.24
thereof total due from shareholders
EUR 42,686.28
Trade debtors
EUR 363,034.06
Amounts due from related companies
EUR 500,000.00
Other debtors and assets
EUR 82,061.18
Liquid means
EUR 519,180.93
LIABILITIES EUR 2,117,263.93
Shareholders'
equity EUR 1,647,494.80
Capital
EUR 500,000.00
Subscribed capital (share capital)
EUR 500,000.00
Balance sheet profit/loss (+/-)
EUR 1,147,494.80
Profit / loss brought forward
EUR 1,147,494.80
Provisions
EUR 281,932.70
Provisions for taxes
EUR 122,000.00
Other / unspecified provisions
EUR 159,932.70
Liabilities
EUR 187,836.43
Other liabilities
EUR 187,836.43
Trade creditors (for IAS incl. bills
of exchange)
EUR 77,712.56
Liabililties due to related companiesEUR 89,611.20
Unspecified other liabilities
EUR 20,512.67
thereof liabilities from tax /
financial authorities
EUR 4,436.41
thereof liabilities from social
security
EUR 5,184.52
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 1,365,441.59
Other operating income
EUR 456,073.15
Cost of materials
EUR 963,885.52
Raw materials and supplies, purchased
goods
EUR 963,885.52
Gross result (+/-) EUR 857,629.22
Staff expenses
EUR 372,669.91
Wages and salaries
EUR 317,797.34
Social security contributions and
expenses for pension plans and
benefits EUR 54,872.57
Total depreciation
EUR 55,494.80
Other operating expenses
EUR 552,642.44
Operating result from continuing
operations EUR -123,177.93
Interest result (+/-)
EUR 34,375.46
Interest and similar income
EUR 35,264.04
thereof from related companies
EUR 32,971.31
Interest and similar expenses
EUR 888.58
Financial result (+/-)
EUR 34,375.46
Result from ordinary operations (+/-)
EUR -88,802.47
Extraordinary expenses
EUR 59.96
Extraordinary result (+/-)
EUR -59.96
Income tax / refund of income tax (+/-)EUR 27,678.33
Other taxes / refund of taxes
EUR -2,188.50
Tax
(+/-)
EUR 25,489.83
Annual surplus / annual
deficit EUR -63,372.60
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.14 |
|
|
1 |
Rs.95.78 |
|
Euro |
1 |
Rs.71.05 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
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Report Prepared
by : |
ANK |
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 |
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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.