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Report No. : |
304014 |
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Report Date : |
25.02.2015 |
IDENTIFICATION DETAILS
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Name : |
OCP GMBH |
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Registered Office : |
Feldstr. 4, D 44867 Bochum, Post Box: 60
03 54, D 44843 Bochum |
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Country : |
Germany |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
12.08.1994 |
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Com. Reg. No.: |
HRB 13453 |
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|
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Legal Form : |
Private Limited Company |
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Line of Business : |
· Manufacturer of Other Chemicals Products n.e.c. ·
Wholesale
of Paper and Paperboard, Stationery, Office Supplies, Books, Periodicals and
Newspapers ·
Wholesale
of Computers, Computer Peripheral Equipment and Software · Wholesale of Other Office Machinery and Equipment |
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No. of Employees : |
55 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
|
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 |
OCP
GMBH
Company Status: active
Feldstr. 4
D 44867 Bochum
Post Box:
60 03 54, D 44843 Bochum
Telephone:02327/6020100
Telefax: 02327/6020133
Homepage: www.ocp.de
E-mail: sales@ocp.de
DE811765161
350/5724/6511
Business
relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 12.08.1994
Begin of business
activities: 1994
Shareholders'
agreement: 12.08.1994
Registered on: 05.07.2011
Commercial Register: Local court 44787 Bochum
under: HRB
13453
EUR 451,004.00
Shareholder:
Dr. Siegfried Koch
Heidkampsee 9
D 30659 Hannover
born: 16.01.1943
Share: EUR 191,526.00
Shareholder:
Horst-Gerhard Edelmeier
Am Mühlenbach 64
D 45147 Essen
born: 19.09.1943 in Essen
Share: EUR 112,752.00
Shareholder:
Rita Edelmeier
D 45149 Essen
born: 13.10.1952 in Essen
née: Gäbel
Share: EUR 78,875.00
Shareholder:
Werner Rüegger
USA 37179 USa
born: 03.01.1960
Share: EUR 45,201.00
Shareholder:
Michael Pohlschmidt
D 40474 Düsseldorf
born: 02.10.1964
Share: EUR 22,650.00
Manager:
Michael Pohlschmidt
D 40474 Düsseldorf
having sole power of
representation
born: 02.10.1964
Proxy:
Carsten Edelmeier
Steile Str. 30
D 45149 Essen
having sole power of
representation
born: 03.12.1976 in Essen
Proxy:
Simon Geiger
D 45127 Essen
having sole power of
representation
born: 23.09.1983 in Essen
12.08.1994 - 1999 O C P GmbH Office Chemie Produktion
Waddenhauser Str.
12-20
D 32791 Lage
Private limited company
01.01.2000 - 04.03.2011 OCP GmbH Office Chemie Produktion
Eickener Str. 71
D 45525 Hattingen
Private limited
company
05.03.2011 - 05.07.2011 OCP GmbH
Eickener Str. 71
D 45525 Hattingen
Private limited
company
Main
industrial sector
2059
Manufacture of other chemical products n.e.c.
46494
Wholesale of paper and paperboard, stationery, office supplies,
books,periodicals and newspapers
4651
Wholesale of computers, computer peripheral equipment and software
4666
Wholesale of other office machinery and equipment
Branch:
OCP GmbH
Waddenhauser Str. 12-20
D 32791 Lage
TEL.: 05232/9576-0
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2012
Type of ownership: Tenant
Address Feldstr.
4
D 44867 Bochum
Land register documents were not available.
A
bank connection is unknown.
Turnover: 2013 EUR 10,000,000.00
2014 EUR 9,900,000.00
further business figures:
Equipment: EUR 629,348.00
Ac/ts receivable: EUR 3,877,115.00
Liabilities: EUR 4,463,331.00
Total numbers of vehicles: 7
-
Lorries: 2
-
Passenger cars:
5
Employees:
55
-
Part-time employees: 5
-
Trainees:
8
-
Temporary workers: 10
Balance
sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 52.93
Liquidity ratio: 1.13
Return on total capital [%]: 2.97
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 49.83
Liquidity ratio: 1.17
Return on total capital [%]: -2.41
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 50.67
Liquidity ratio: 1.38
Return on total capital [%]: 5.44
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 51.37
Liquidity ratio: 1.62
Return on total capital [%]: 4.22
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 8,072,929.80
Fixed assets
EUR 1,331,144.95
Intangible assets
EUR 67,623.00
Goodwill
EUR 1.00
Advance payments for intang. assets
EUR 67,622.00
Tangible assets
EUR 642,630.00
Plant / machinery EUR 13,282.00
Other tangible assets / fixtures and
fittings
EUR 629,348.00
Financial assets
EUR 620,891.95
Shares in participations /
subsidiaries and the like
EUR 183,367.66
Shares in related companies
EUR 78,867.66
Shares in investee companies
EUR 104,500.00
Other / unspecified financial assets EUR 437,524.29
Current
assets EUR 6,680,366.34
Stocks
EUR 2,507,019.79
Accounts receivable
EUR 3,877,115.16
Amounts due from related companies
EUR 2,143,584.28
Amounts due from investee companies
EUR 800.00
Other debtors and assets
EUR 1,732,730.88
Liquid means
EUR 296,231.39
Remaining other assets
EUR 61,418.51
Accruals (assets)
EUR 61,418.51
LIABILITIES EUR 8,072,929.80
Shareholders' equity
EUR 3,534,795.40
Capital EUR 451,004.00
Subscribed capital (share capital)
EUR 451,004.00
Reserves
EUR 4,550.43
Capital reserves
EUR 4,550.43
Balance
sheet profit/loss (+/-) EUR 3,079,240.97
Profit / loss brought forward
EUR 2,839,559.76
Annual surplus / annual deficit
EUR 239,681.21
Provisions
EUR 74,803.15
Liabilities
EUR 4,463,331.25
Financial debts
EUR 1,480,383.96
Liabilities due to banks
EUR 1,480,383.96
Other liabilities
EUR 2,982,947.29
Unspecified other liabilities
EUR 2,982,947.29
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 4,749,444.55
Staff expenses EUR 2,117,207.85
Wages and salaries
EUR 1,819,069.91
Social security contributions and
expenses for pension plans and
benefits
EUR 298,137.94
Total depreciation
EUR 177,103.94
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 177,103.94
Other operating expenses
EUR 1,746,350.02
Operating result from continuing
operations
EUR 708,782.74
Interest result (+/-)
EUR -343,819.53
Interest and similar income
EUR 15,030.72
Interest and similar expenses EUR 358,850.25
Other financial result
EUR -58,338.75
Depreciation on financial assets and
marketable securities
EUR 58,338.75
Financial
result (+/-) EUR -402,158.28
Result from ordinary operations (+/-)
EUR 306,624.46
Income tax / refund of income tax (+/-)EUR -53,032.38
Other taxes / refund of taxes
EUR -13,910.87
Tax
(+/-)
EUR -66,943.25
Annual surplus / annual deficit
EUR 239,681.21
Type
of balance sheet: Company balance sheet
Financial year: 01.01.2011
- 31.12.2011
ASSETS EUR 6,567,339.06
Fixed assets
EUR 947,186.31
Intangible assets
EUR 68,952.00
Other / unspecified intangible assetsEUR 68,952.00
Tangible assets
EUR 561,111.00
Other / unspecified tangible assets
EUR 561,111.00
Financial assets
EUR 317,123.31
Other / unspecified financial assets EUR 317,123.31
Current assets
EUR 5,533,806.34
Stocks
EUR 1,792,586.10
Accounts receivable
EUR 3,736,744.89
Other debtors and assets
EUR 3,736,744.89
Liquid means
EUR 4,475.35
Remaining other assets
EUR 86,346.41
Accruals (assets)
EUR 86,346.41
LIABILITIES
EUR 6,567,339.06
Shareholders' equity
EUR 3,289,559.76
Capital
EUR 450,000.00
Subscribed capital (share capital)
EUR 450,000.00
Balance
sheet profit/loss (+/-) EUR 2,839,559.76
Profit / loss brought forward
EUR 2,997,042.01
Annual surplus / annual deficit
EUR -157,482.25
Provisions
EUR 68,053.00
Liabilities
EUR 3,209,726.30
Other liabilities
EUR 3,209,726.30
Unspecified other liabilities
EUR 3,209,726.30
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.28 |
|
|
1 |
Rs.96.21 |
|
Euro |
1 |
Rs.70.60 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
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 |
|
|
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 |
|
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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.