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Report Date : |
03.01.2015 |
IDENTIFICATION DETAILS
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Name : |
TRANSORGATEC TRADING GMBH |
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Registered Office : |
Südallee 75, D 40593 Düsseldorf |
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Country : |
Germany |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
14.10.1997 |
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Com. Reg. No.: |
HRB 35145 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Engaged in buying and selling
of textile machines either as individual textile machineries or the procuring
of complete textile solutions, the dismantling of machines, packing, shipping
worldwide as well as the trial run and technology transfer. Subject main services are as follow:- ·
Buying and selling of second hand textile machineries as well as
industrial installations ·
Realistic valuation of second hand machineries ·
Summerizing and listing of machineries ·
Exclusive sales of machines under realistic conditions ·
Projectizing of textile solutions, centralizing of industrial plants
as well as coordination ·
Installation of payment tools ·
Coordinating and organizing of loans or guarantees via hermes ·
Any waste disposals based on governmental laws and regulations ·
Insurance service ·
Modernizing of machines ·
Liquidations and auctions as complete solutions including the whole
process of listing, valueing, sale, dismantling and shipping including
installations ·
Technology transfer |
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No of Employees : |
03 |
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
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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.
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Source : CIA |
TRANSORGATEC Trading GmbH
Südallee 75
D 40593 Düsseldorf
Telephone: 0211/7183400
Telefax:
0211/7183430
Homepage: www.textile-machinery.com
E-mail:
ttecgmbh@aol.com
active
T-TEC
DE812290971
106/5726/1942
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 1997
Shareholders'
agreement: 01.09.1997
Registered on: 14.10.1997
Commercial Register: Local court 40227 Düsseldorf
under: HRB
35145
Share capital: EUR 51,129.19
Oliver Anderhub
Südallee 75
D 40593 Düsseldorf
born: 01.04.1962
Share: EUR 51,129.19
Oliver Anderhub
Südallee 75
D 40593 Düsseldorf
authorized to jointly represent the
company
born: 01.04.1962
Profession: Businessman
Marital status: married
01.09.1997 - 01.02.2000 TRANSORGATEC Trading GmbH
Benrather Schloßallee
111
D 40597 Düsseldorf
Private limited
company
01.02.2000 - 2006 TRANSORGATEC Trading GmbH
Bockhackstr. 37
D 40593 Düsseldorf
Private limited
company
Engaged in buying and selling
of textile machines either as individual textile machineries or the procuring
of complete textile solutions, the dismantling of machines, packing, shipping
worldwide as well as the trial run and technology transfer.
Subject main services are as follow:-
·
Buying and selling of second hand textile machineries as well as
industrial installations
·
Realistic valuation of second hand machineries
·
Summerizing and listing of machineries
·
Exclusive sales of machines under realistic conditions
·
Projectizing of textile solutions, centralizing of industrial plants as
well as coordination
·
Installation of payment tools
·
Coordinating and organizing of loans or guarantees via hermes
·
Any waste disposals based on governmental laws and regulations
·
Insurance service
·
Modernizing of machines
·
Liquidations and auctions as complete solutions including the whole
process of listing, valueing, sale, dismantling and shipping including
installations
·
Technology transfer
Payment experience: cash discount/within agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2013
Type of ownership: Tenant
Address Südallee
75
D 40593 Düsseldorf
Land register documents were not
available.
COMMERZBANK, 40002 DÜSSELDORF
Sort. code: 30040000, Account no.:
8006488-00
BIC: COBADEDDXXX
DEUTSCHE BANK, 40189 DÜSSELDORF
Sort. code: 30070010, Account no.:
4946364-00
BIC: DEUTDEDDXXX
COMMERZBANK VORMALS DRESDNER BANK, 40002
DÜSSELDORF
Sort. code: 30080000, Account no.:
2141838-00
BIC: DRESDEFF300
Turnover: 2013 EUR 1,240,000.00
2014 EUR 1,270,000.00
Profit: 2013 EUR 10,495.00
further business figures:
Equipment: *EUR 20,000.00
Ac/ts receivable: EUR 340,903.00
Liabilities: EUR 494,330.00
Total numbers of vehicles: 3
Employees:
3
-
thereof permanent staff: 3
The business figures marked with an
asterisk are estimates based on average
values in the line of business.
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 43.40
Liquidity ratio: 7.44
Return on total capital [%]: 1.16
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 39.64
Liquidity ratio: 10.00
Return on total capital [%]: 11.38
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 17.60
Liquidity ratio: 10.00
Return on total capital [%]: 8.53
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 33.75
Liquidity
ratio: 10.00
Return on total capital [%]: 6.17
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 903,319.22
Fixed assets
EUR 62,373.42
Current assets EUR 808,799.63
Stocks
EUR 19,384.18
Finished goods / work in progress
EUR 19,384.18
Accounts receivable
EUR 340,903.43
Liquid means EUR 448,512.02
Remaining other assets
EUR 32,146.17
Accruals (assets)
EUR 32,146.17
LIABILITIES EUR 903,319.22
Shareholders' equity
EUR 392,056.77
Capital
EUR 51,129.19
Subscribed capital (share capital)
EUR 51,129.19
Balancing item / Comprehensive Income
(+/-) EUR -19,231.11
Balance sheet profit/loss (+/-)
EUR 360,158.69
Profit / loss brought forward
EUR 349,663.25
Annual surplus / annual deficit
EUR 10,495.44
Provisions EUR 16,932.05
Liabilities
EUR 494,330.40
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 962,506.98
Fixed assets
EUR 79,636.53
Current assets
EUR 833,281.83
Stocks
EUR 81,500.00
Finished goods / work in progress
EUR 81,500.00
Accounts receivable
EUR 85,097.71
Other debtors and assets
EUR 85,097.71
Liquid means
EUR 666,684.12
Remaining other assets EUR 49,588.62
Accruals (assets)
EUR 49,588.62
LIABILITIES EUR 962,506.98
Shareholders' equity
EUR 381,561.33
Capital
EUR 51,129.19
Subscribed capital (share capital)
EUR 51,129.19
Balancing item / Comprehensive Income
(+/-)
EUR -19,231.11
Balance sheet profit/loss (+/-) EUR 349,663.25
Profit / loss brought forward
EUR 240,124.41
Annual surplus / annual deficit
EUR 109,538.84
Provisions
EUR 130,517.88
Liabilities
EUR 450,427.77
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.63.29 |
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UK Pound |
1 |
Rs.98.39 |
|
Euro |
1 |
Rs.76.31 |
INFORMATION DETAILS
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Analysis Done by
: |
SUB |
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Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 |
-- |
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.