|
Report No. : |
307600 |
|
Report Date : |
19.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
URACA GMBH & CO. KG |
|
|
|
|
Registered Office : |
Sirchinger Str. 15 D 72574 Bad Urach |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
13.06.1922 |
|
|
|
|
Com. Reg. No.: |
HRA 360415 |
|
|
|
|
Legal Form : |
Ltd Partnership
With Priv. Ltd. Company As General Partner |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employee : |
339 |
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.
ECGC Country Risk Classification List – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 |
URACA GMBH & CO. KG
Company Status: active
Sirchinger Str. 15
D 72574 Bad Urach
Telephone:07125/133-0
Telefax: 07125/133-202
Homepage: www.uraca.de
E-mail: info@uraca.de
VAT
no.: DE141172920
Tax
ID number: 89079/40530
Business relations are permissible.
LEGAL FORM Ltd
partnership with priv. ltd. company as
general partner
Date of foundation: 1893
Registered on: 13.06.1922
Register of
companies: Local
court 70190 Stuttgart
under: HRA
360415
EUR 3,579,042.45
Limited partner:
Maria Guberan
Am Kälberburren
D 72574 Bad Urach
born: 12.07.1932
Share: EUR 1,521,118.19
Limited partner:
Verena Dettinger-Müller
D 68723 Oftersheim
born: 28.11.1966
Share: EUR 760,546.68
Limited partner:
Cornelia Köhler
D 63739 Aschaffenburg
born: 22.03.1968
Share: EUR 760,546.67
Limited partner:
Gabriele
Fleischer
D 45147 Essen
Share: EUR 536,830.91
General partner:
URACA
Geschäftsführungs GmbH
Sirchinger Str. 15
D 72574 Bad Urach
Legal form: Private
limited company
Share capital: EUR 358,000.00
Registered on:
15.01.1976
Reg. data: 70190
Stuttgart, HRB 360121
Shareholder:
Maria
Guberan
Am Kälberburren
D 72574 Bad Urach
born: 12.07.1932
Share: EUR 152,150.00
Shareholder:
Verena Dettinger-Müller
Cornelia Köhler
D 72574 Bad Urach
Legal form: Community of
heirs
Share: EUR 152,150.00
Shareholder:
Gabriele Fleischer
D 45147 Essen
Share: EUR 53,700.00
Manager:
Gunter Stör
D 72584 Hülben
born: 17.11.1962
Manager:
Richard Schmidhofer
Kattowitzer Str. 36a
D 81929 München
born: 24.02.1967
Manager:
Johann Amon
D 71131 Jettingen
born: 29.11.1950
Proxy:
Robert Zimmermann
D 72574 Bad Urach
authorized to jointly represent
the company
born: 09.05.1964
Proxy:
Robert Zimmermann
D 72574 Bad Urach
authorized to jointly
represent the company
born: 09.05.1964
13.06.1922 - 11.12.2012 URACA PUMPENFABRIK GmbH & Co.
Kommanditgesellschaft
Sirchinger Str. 15
D 72574 Bad Urach
Ltd partnership with priv. ltd. company
as general partner
Sectors
28130
Manufacture of pumps and compressors n.e.c.
4669
Wholesale of other machinery, equipment and supplies
Payment experience: cash discount/within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet
year: 2012
Type of ownership: proprietor
Share: 100.00 %
Address Sirchinger Str. 15
D 72574 Bad Urach
Value at selling price: EUR 4,500,000.00
Real
Estate of: URACA Geschäftsführungs GmbH
Type of ownership:
Tenant
Address Sirchinger
Str. 15
D 72574 Bad Urach
Land register documents were not available.
Principal bank
DEUTSCHE BANK, 72704 REUTLINGEN
Sort. code: 64070085, Account no.: 123190
BIC: DEUTDESS640
Further
banks
KREISSPARKASSE REUTLINGEN, 72574 BAD URACH
Sort.
code: 64050000
BIC: SOLADES1REU
VOLKSBANK METZINGEN-BAD URACH, 72555
METZINGEN, WÜRTT
Sort. code: 64091200, Account no.: 31027008
BIC: GENODES1MTZ
KREISSPARKASSE
REUTLINGEN, 72710 REUTLINGEN
Sort. code: 64050000, Account no.: 307552
BIC: SOLADES1REU
Turnover: 2013 EUR 58,300,000.00
2014 EUR 49,500,000.00
Expected turnover: EUR 53,000,000.00
further business figures:
Equipment: EUR 1,664,086.00
Ac/ts receivable: EUR 5,339,738.00
Liabilities: EUR 27,780,195.00
Total numbers of vehicles: 25
- Lorries:
10
- Passenger cars:
11
Total value of vehicles: EUR 450,000.00
- Lorries: EUR 150,000.00
- Passenger cars: EUR 300,000.00
Employees:
339
- thereof permanent staff: 280
- Part-time employees: 15
- Trainees:
25
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 75.55
Liquidity ratio: 10.00
Return on total capital [%]: 20.37
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 75.29
Liquidity ratio: 10.00
Return on total capital [%]: 21.09
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 74.71
Liquidity ratio: 10.00
Return on total capital [%]: 13.84
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 77.71
Liquidity ratio: 10.00
Return on total capital [%]: 11.71
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: 01.01.2012 - 31.12.2012
ASSETS EUR 50,115,807.67
Fixed assets EUR 17,903,839.55
Intangible assets EUR 178,282.00
Concessions, licences, rights EUR 178,282.00
Tangible assets EUR 17,577,912.45
Land / similar rights EUR 4,841,403.81
Plant / machinery EUR
4,170,169.00
Other tangible assets / fixtures and
fittings EUR 1,664,086.00
Advance payments made / construction
in progress EUR 6,902,253.64
Financial assets EUR 147,645.10
Shares in participations /
subsidiaries and the like EUR 147,645.10
Shares in related companies EUR 140,145.10
Shares in investee companies EUR 7,500.00
Current assets EUR 32,162,854.47
Stocks EUR 14,040,151.89
Raw materials, consumables and
supplies EUR 1,650,862.46
Finished goods / work in progress EUR
12,328,134.00
Advance payments made EUR 61,155.43
Accounts receivable EUR 5,339,738.47
Trade debtors EUR 4,013,394.88
Amounts due from related companies EUR 420,367.64
Other debtors and assets EUR 905,975.95
Investments in current assets EUR 2,013,369.38
Other investments EUR 2,013,369.38
Liquid means EUR 10,769,594.73
Remaining other assets EUR 49,113.65
Accruals (assets) EUR 49,113.65
LIABILITIES EUR 50,115,807.67
Shareholders' equity EUR 18,000,000.00
Capital EUR 5,000,000.00
Capital of the fully liable partner
(LP, general partnership) EUR 76,958.00
Fixed capital / accounts, capital
account I EUR 76,958.00
Limited partner's capital / capital
of partially liable partner (LP) EUR 4,923,042.00
Limited partner's capital, fixed
capital, capital account I EUR 4,923,042.00
Reserves EUR 13,000,000.00
Provisions EUR 4,335,613.17
Pension provisions and comparable
provisions EUR 1,540,943.00
Provisions for taxes EUR 12,743.90
Other / unspecified provisions EUR 2,781,926.27
Liabilities EUR 27,780,194.50
Financial debts EUR 3,146,664.00
Liabilities due to banks EUR 3,146,664.00
Other liabilities EUR 24,633,530.50
Trade creditors (for IAS incl. bills
of exchange) EUR 2,297,891.64
Liabilities from received advance
payments EUR 2,157,751.40
Liabilities due to shareholders EUR
19,860,036.93
Liabilities due to investee
companiesEUR 2,559.90
Unspecified other liabilities EUR 315,290.63
PROFIT AND LOSS
ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Sales EUR 53,519,443.49
Inventory change + own costs (+/-) EUR 2,490,595.88
Inventory change (+/-) EUR 2,432,123.00
Capitalised own costs EUR 58,472.88
Other operating income EUR 672,375.77
Cost of materials EUR 16,436,164.67
Raw materials and supplies, purchased
goods EUR 15,092,675.82
Purchased services EUR 1,343,488.85
Gross result (+/-) EUR 40,246,250.47
Staff expenses EUR 20,272,628.68
Wages and salaries EUR 17,077,493.79
Social security contributions and
expenses for pension plans and
benefits EUR 3,195,134.89
Total depreciation EUR 1,689,112.57
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 1,689,112.57
Other operating expenses EUR 5,848,024.31
Operating result from continuing
operations EUR 12,436,484.91
Result from participating interests
(+/-) EUR 270,000.00
Expenses / income from participations
EUR 270,000.00
Income from related companies EUR 270,000.00
Interest result (+/-) EUR -1,114,362.97
Interest and similar income EUR 319,166.71
Interest and similar expenses EUR 1,433,529.68
Financial result (+/-) EUR -844,362.97
Result from ordinary operations (+/-) EUR
11,592,121.94
Extraordinary expenses EUR 1,495,989.71
Extraordinary result (+/-) EUR -1,495,989.71
Income tax / refund of income tax (+/-)EUR -1,366,270.83
Other taxes / refund of taxes EUR -16,946.93
Tax (+/-) EUR -1,383,217.76
Annual surplus / annual deficit EUR 8,712,914.47
Type of balance
sheet:
Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 50,498,915.61
Fixed assets EUR 11,557,061.64
Intangible assets EUR 209,165.00
Concessions, licences, rights EUR 209,165.00
Tangible assets EUR 11,174,942.59
Land / similar rights EUR 3,750,978.70
Plant / machinery EUR 4,216,048.00
Other tangible assets / fixtures and
fittings EUR 1,692,818.51
Advance payments made / construction
in progress EUR 1,515,097.38
Financial assets EUR 172,954.05
Shares in participations /
subsidiaries and the like EUR 172,954.05
Shares in related companies EUR 165,454.05
Shares in investee companies EUR 7,500.00
Current assets EUR 38,790,717.78
Stocks EUR 11,195,322.08
Raw materials, consumables and
supplies EUR 1,595,906.46
Finished goods / work in progress EUR
9,549,050.00
Advance payments made EUR 50,365.62
Accounts receivable EUR 6,967,293.94
Trade debtors EUR
6,105,547.70
Amounts due from related companies EUR 278,310.87
Other debtors and assets EUR 583,435.37
Investments in current assets EUR 12,058,689.27
Liquid means EUR 8,569,412.49
Remaining other assets EUR 151,136.19
Accruals (assets) EUR 80,682.36
Active difference from asset
offsetting EUR 70,453.83
LIABILITIES EUR 50,498,915.61
Shareholders' equity EUR 16,000,000.00
Capital EUR 5,000,000.00
Capital of the fully liable partner
(LP, general partnership) EUR 76,958.00
Fixed capital / accounts, capital
account I EUR 76,958.00
Limited partner's capital / capital
of partially liable partner (LP) EUR 4,923,042.00
Limited partner's capital, fixed
capital, capital account I EUR 4,923,042.00
Reserves EUR 11,000,000.00
Provisions EUR 4,642,404.00
Pension provisions and comparable
provisions EUR 1,753,544.00
Provisions for taxes EUR 513,500.00
Other / unspecified provisions EUR 2,375,360.00
Liabilities EUR 29,856,511.61
Financial debts EUR 3,359,998.00
Liabilities due to banks EUR 3,359,998.00
Other liabilities EUR 26,496,513.61
Trade creditors (for IAS incl. bills
of exchange) EUR 2,712,611.02
Liabilities from received advance
payments EUR 1,400,414.67
Liabilities due to shareholders EUR 22,023,142.93
Liabililties due to related
companiesEUR 2,883.13
Liabilities due to investee
companiesEUR 6,607.85
Unspecified other liabilities EUR 350,854.01
Guarantees and other commitments EUR 189,900.00
Discounted bills of exchange EUR 189,900.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 54,553,998.74
Inventory change + own costs (+/-) EUR 693,068.75
Inventory change (+/-) EUR 578,515.00
Capitalised own costs EUR 114,553.75
Other operating income EUR 526,244.18
Cost of materials EUR 16,199,039.22
Raw materials and supplies, purchased
goods EUR 14,714,706.25
Purchased services EUR 1,484,332.97
Gross result (+/-) EUR 39,574,272.45
Staff expenses EUR 19,353,522.81
Wages and salaries EUR 16,305,821.41
Social security contributions and
expenses for pension plans and
benefits EUR 3,047,701.40
Total depreciation EUR 1,861,754.89
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 1,861,754.89
Other operating expenses EUR 4,954,744.84
Operating result from continuing
operations EUR 13,404,249.91
Interest result (+/-) EUR -987,002.30
Interest and similar income EUR 458,252.25
Interest and similar expenses EUR 1,445,254.55
Other financial result EUR -6,624.00
Depreciation on financial assets and
marketable securities EUR 6,624.00
Financial result (+/-) EUR -993,626.30
Result from ordinary operations (+/-) EUR
12,410,623.61
Income tax / refund of income tax
(+/-)EUR -1,741,082.86
Other taxes / refund of taxes EUR -17,745.36
Tax (+/-) EUR -1,758,828.22
Annual surplus / annual deficit
EUR 10,651,795.39
Accounts for 2013 (and 2014) have not been
filed by the company so far.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.24 |
|
|
1 |
Rs.95.57 |
|
Euro |
1 |
Rs.71.01 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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 |
|
-- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.