|
Report No. : |
308225 |
|
Report Date : |
20.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
TERROT GMBH |
|
|
|
|
Registered Office : |
Paul-Gruner-Str. 72b, D 09120 Chemnitz |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
15.09.2000 |
|
|
|
|
Com. Reg. No.: |
HRB 22867 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Manufacture of Machinery for
Textile, Apparel and Leather Production. |
|
|
|
|
No. of Employees : |
175 |
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 |
TERROT
GMBH
Company Status: active
Paul-Gruner-Str. 72b
D 09120 Chemnitz
Telephone: 0371/52010
Telefax: 0371/5201200
Homepage: www.terrot.de
E-mail: info@terrot.de
DE211844303
214/121/04290
Business
relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 2000
Shareholders'
agreement: 15.09.2000
Registered on: 14.06.2006
Commercial Register: Local court 09112 Chemnitz
under: HRB
22867
EUR 1,300,000.00
Shareholder:
Matterhorn
Industriebeteiligungs GmbH
Staakener Str. 23
D 13581 Berlin
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 650,000.00
Registered on: 24.01.2000
Reg. data: 14057 Berlin, HRB 73775 B
Shareholder:
Voltas Limited
IND - Mumbai
Legal form: Other legal
form
Share: EUR 260,900.00
Shareholder:
Wachstumsfonds
Mittelstand Sachsen GmbH &
Co. KG
Löhrstr. 16
D 04105 Leipzig
Legal form: Ltd
partnership with priv. ltd.
company as general partner
Total cap. EUR 201,500.00
contribution:
Share: EUR 247,800.00
Registered on: 01.09.2005
Reg. data: 04275
Leipzig, HRA 14753
Shareholder:
Andreas Felix Paul von
Bismarck
Puschkinallee 16
D 14469 Potsdam
born: 31.01.1979
Share: EUR 141,300.00
Manager:
Peter Schüring
Limastr. 26
D 14163 Berlin
having sole power of
representation
born: 22.03.1940
Profession: Management
expert
Marital status: married
Manager:
Andreas Felix Paul von
Bismarck
Puschkinallee 16
D 14469 Potsdam
having sole power of representation
born: 31.01.1979
Manager:
Thomas Mutschler
Im Engele 1
D 72351 Geislingen
having sole power of
representation
born: 05.07.1966
Proxy:
Hermann Schmodde
Hechinger Weg 8
D 72160 Horb
authorized to jointly
represent the company
born: 19.02.1952
Proxy:
Sönke Brecht
Am Eichenhof 38
D 09247 Chemnitz
authorized to jointly
represent the company
born: 06.12.1979
Proxy:
Kevin Malte
Mittas
An der Rotbuche 1
D 09669 Frankenberg
authorized to jointly
represent the company
born: 21.08.1978
Further functions/participations of Peter
Schüring (Manager)
Free-lance partner:
Schüring & Andreas
Partnerschaft
Finanzbetriebswirte
Staakener Str. 23
D 13581 Berlin
Legal form: Partnership
of free-lance
professionals
Registered
on: 10.11.1997
Reg. data: 14057 Berlin,
53 B
Limited partner:
Gut Baßdorf GmbH &
Co. KG
Staakener Str. 23
D 13581 Berlin
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 306,775.14
contribution:
Share: EUR 102,258.38
Registered
on: 03.08.1999
Reg. data: 14057 Berlin, HRA 30087
Shareholder:
Gut Baßdorf
Verwaltungsgesellschaft mbH
Staakener Str. 23
D 13581 Berlin
Legal form: Private
limited company
Share capital: EUR 25,564.60
Share: EUR 12,782.30
Registered
on: 25.04.2001
Reg. data: 14057 Berlin, HRB 79818 B
Shareholder:
Matterhorn
Industriebeteiligungs GmbH
Staakener Str. 23
D 13581 Berlin
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 24.01.2000
Reg. data: 14057 Berlin, HRB 73775 B
Shareholder:
Optosys Technologies GmbH
Wolfener Str. 36
D 12681 Berlin
Legal form: Private
limited company
dissolved by
official decree
Share capital: EUR 25,000.00
Share: EUR 2,350.00
Registered
on: 17.06.1999
Reg. data: 14057 Berlin, HRB 71092 B
Shareholder:
BTI Banking Technologies
GmbH
Matterhornstr. 44
D 14129 Berlin
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 2,350.00
Registered
on: 20.10.2000
Reg. data: 14057 Berlin, HRB 77429 B
Manager:
Gut Baßdorf Verwaltungsgesellschaft
mbH
Staakener Str. 23
D 13581 Berlin
Legal form: Private
limited company
Share capital: EUR 25,564.60
Registered
on: 25.04.2001
Reg. data: 14057 Berlin, HRB 79818 B
Manager:
Matterhorn
Industriebeteiligungs GmbH
Staakener Str. 23
D 13581 Berlin
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 24.01.2000
Reg. data: 14057 Berlin, HRB 73775 B
President
of the Supervisory Board:
Photon AG
Staakener Str. 23
D 13581 Berlin
Legal form: Public
limited company
Share capital: EUR 197,951.00
Registered
on: 19.07.1999
Reg. data: 14057 Berlin, HRB 71554 B
Further functions/participations of Andreas
Felix Paul von
Bismarck (Manager)
Shareholder:
Ilignus
Industriebeteiligungs GmbH
Staakener Str. 23
D 13581 Berlin
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 05.11.2013
Reg. data: 14057 Berlin, HRB 153825 B
Shareholder:
BTI Banking Technologies
GmbH
Matterhornstr. 44
D 14129 Berlin
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 2,300.00
Registered
on: 20.10.2000
Reg. data: 14057 Berlin, HRB 77429 B
Manager:
Ilignus
Industriebeteiligungs GmbH
Staakener Str. 23
D 13581 Berlin
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 05.11.2013
Reg. data: 14057 Berlin, HRB 153825 B
15.09.2000 - 21.04.2006 baled Zweiunddreissigste
Vermögensverwaltungs
GmbH
Matterhornstr. 44
D 14129 Berlin
Private limited
company
22.04.2006 - 13.06.2006 baled Zweiunddreissigste
Vermögensverwaltungs
GmbH (AG Berlin,
HRB 77430)
Staakener Str. 23
D 13581 Berlin
Private limited
company
Main
industrial sector
2894
Manufacture of machinery for textile, apparel and leather production
Secondary
industrial sector
4664
Wholesale of machinery for the textile industry and of sewing and
knitting machines
Payment experience: Without
Complaints
Negative information: We have no negative information at hand.
Balance sheet year: 2013
Type of ownership: Proprietor
Share: 100.00 %
Address Paul-Gruner-Str.
72b
D 09120 Chemnitz
Type of real estate: office building
Size: 5,170.00 sq.m
Residential
floor 6,840.00 sq.m
space/ Usable floor
space:
Real Estate of: Peter
Schüring
Type of ownership: Proprietor
Share: 100.00 %
Address Limastr.
26
D 14163 Berlin
Land register documents were not available.
SPARKASSE CHEMNITZ, 09009 CHEMNITZ, SACHS
Sort. code: 87050000, Account no.: 3140005937
BIC: CHEKDE81XXX, IBAN: DE06870500003140005937
DEUTSCHE BANK, 09003 CHEMNITZ, SACHS
Sort. code: 87070000, Account no.: 199004300
BIC: DEUTDE8CXXX, IBAN: DE19870700000199004300
COMMERZBANK VORMALS DRESDNER BANK, 09008
CHEMNITZ, SACHS
Sort. code: 87080000, Account no.: 607705500
BIC: DRESDEFF870, IBAN: DE73870800000607705500
Turnover: 2013 EUR 35,070,109.00
2014 EUR 35,000,000.00
Expected turnover: EUR 36,000,000.00
Profit: 2013 EUR 1,030,641.00
further business figures:
Equipment: EUR 493,383.00
Ac/ts receivable: EUR 6,765,171.00
Liabilities: EUR 8,684,217.00
Employees: 175
-
Trainees:
10
-
Temporary workers: 2
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 24.98
Liquidity ratio: 0.79
Return on total capital [%]: 6.20
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 24.37
Liquidity ratio: 0.68
Return
on total capital [%]: 2.20
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 20.52
Liquidity ratio: 0.44
Return on total capital [%]: 4.87
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 7.05
Liquidity ratio: 0.86
Return on total capital [%]: 10.12
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 16,865,521.14
Fixed assets EUR 4,174,856.35
Intangible assets
EUR 524,849.32
Concessions, licences, rights
EUR 217,705.00
Goodwill
EUR 247,223.00
Advance payments for intang. assets
EUR 59,921.32
Tangible assets
EUR 3,545,970.41
Land / similar rights
EUR 709,710.41
Plant / machinery
EUR 2,331,432.00
Other tangible assets / fixtures and
fittings
EUR 493,383.00
Advance payments made / construction
in progress
EUR 11,445.00
Financial assets
EUR 104,036.62
Shares in participations /
subsidiaries and the like
EUR 104,036.62
Shares in related companies
EUR 104,036.62
Current assets
EUR 12,527,764.37
Stocks
EUR 5,697,478.46
Raw materials, consumables and
supplies
EUR 3,673,100.00
Finished goods / work in progress
EUR 3,547,300.00
Minus received advance payments for
orders / installments for stocks
EUR -1,522,921.54
Accounts receivable
EUR 6,765,171.22
Trade debtors
EUR 5,490,879.88
Amounts due from related companies
EUR 21,195.30
Other debtors and assets
EUR 1,253,096.04
Liquid means
EUR 65,114.69
Remaining other assets
EUR 162,900.42
Accruals (assets) EUR 162,900.42
LIABILITIES EUR 16,865,521.14
Shareholders' equity
EUR 2,728,179.34
Capital
EUR 1,300,000.00
Subscribed capital (share capital)
EUR 1,300,000.00
Balance sheet profit/loss (+/-)
EUR 1,428,179.34
Profit / loss brought forward
EUR 397,538.12
Annual surplus / annual deficit
EUR 1,030,641.22
Items
between shareholders' equity and
debt capital
EUR 2,938,000.00
Allowances / bonuses
EUR 538,000.00
Mezzanine financing
EUR 2,400,000.00
Contributions of silent partners
EUR 1,000,000.00
Shareholder loans similar to capital EUR 1,400,000.00
Provisions
EUR 2,424,732.37
Provisions for taxes
EUR 327,543.00
Other / unspecified provisions
EUR 2,097,189.37
Liabilities
EUR 8,684,216.59
Financial debts
EUR 6,457,939.40
Liabilities due to banks
EUR 6,457,939.40
Other liabilities
EUR 2,226,277.19
Trade creditors (for IAS incl. bills
of exchange)
EUR 1,507,489.08
Liabilities due to shareholders
EUR 2,079.72
Unspecified
other liabilities EUR 716,708.39
thereof liabilities from tax /
financial authorities
EUR 0.00
thereof liabilities from social
security
EUR 1,608.44
Other liabilities
EUR 90,392.84
Deferrals (liabilities)
EUR 86,892.84
Deferred taxes (not included under
provisions/liabilities)
EUR 3,500.00
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Sales
EUR 35,070,109.33
Inventory change + own costs (+/-)
EUR 958,879.46
Inventory change (+/-)
EUR 949,900.00
Capitalised own costs
EUR 8,979.46
Other operating income
EUR 686,391.32
Cost of materials
EUR 21,768,610.50
Raw materials and supplies, purchased
goods
EUR 20,895,391.82
Purchased services
EUR 873,218.68
Gross result (+/-)
EUR 14,946,769.61
Staff expenses
EUR 7,948,567.67
Wages and salaries
EUR 6,728,202.96
Social security contributions and
expenses for pension plans and
benefits
EUR 1,220,364.71
Total depreciation EUR 438,598.73
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 438,598.73
Other operating expenses
EUR 4,633,954.84
Operating result from continuing
operations
EUR 1,925,648.37
Interest result (+/-)
EUR -407,758.22
Interest and similar income
EUR 69,349.84
Interest and similar expenses
EUR 477,108.06
Financial result (+/-)
EUR -407,758.22
Result from ordinary operations (+/-)
EUR 1,517,890.15
Income tax / refund of income tax (+/-)EUR -462,299.50
Other taxes / refund of taxes
EUR -24,949.43
Tax
(+/-)
EUR -487,248.93
Annual surplus / annual deficit
EUR 1,030,641.22
Type
of balance sheet: Company balance sheet
Financial year: 01.01.2012
- 31.12.2012
ASSETS EUR 12,212,019.74
Fixed assets
EUR 2,865,136.12
Intangible assets
EUR 398,856.74
Tangible assets
EUR 2,362,242.76
Financial assets
EUR 104,036.62
Current assets
EUR 9,256,507.74
Stocks
EUR 4,951,098.97
Other / unspecified stocks
EUR 6,096,900.00
Minus received advance payments for
orders / installments for stocks
EUR -1,145,801.03
Accounts receivable
EUR 4,118,958.22
Liquid
means EUR 186,450.55
Remaining other assets
EUR 90,375.88
Accruals (assets)
EUR 90,375.88
LIABILITIES EUR 12,212,019.74
Shareholders' equity
EUR 1,697,538.12
Capital
EUR 1,300,000.00
Subscribed capital (share capital)
EUR 1,300,000.00
Balance sheet profit/loss (+/-)
EUR 397,538.12
Profit / loss brought forward
EUR 132,679.21
Annual surplus / annual deficit
EUR 264,858.91
Items between shareholders' equity and
debt capital
EUR 2,400,000.00
Mezzanine financing
EUR 2,400,000.00
Contributions of silent partners
EUR 1,000,000.00
Shareholder loans similar to capital EUR 1,400,000.00
Provisions
EUR 1,756,987.78
Liabilities
EUR 6,299,180.28
thereof total due to shareholders
EUR 28,987.71
Other liabilities
EUR 58,313.56
Deferrals (liabilities) EUR 54,113.56
Deferred taxes (not included under
provisions/liabilities)
EUR 4,200.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 12,506,569.58
Staff expenses
EUR 7,156,498.10
Wages and salaries
EUR 6,022,168.34
Social security contributions and
expenses for pension plans and
benefits EUR 1,134,329.76
Total depreciation
EUR 389,018.49
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 389,018.49
Other operating expenses
EUR 4,098,827.20
Operating result from continuing
operations
EUR 862,225.79
Interest result (+/-)
EUR -446,629.21
Interest and similar income
EUR 27,738.65
Interest and similar expenses
EUR 474,367.86
Financial result (+/-)
EUR -446,629.21
Result from ordinary operations (+/-)
EUR 415,596.58
Income tax / refund of income tax (+/-)EUR -127,537.89
Other taxes / refund of taxes
EUR -23,199.78
Tax
(+/-)
EUR -150,737.67
Annual surplus / annual
deficit EUR 264,858.91
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.25 |
|
|
1 |
Rs.95.57 |
|
Euro |
1 |
Rs.71.01 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NIT |
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.