|
Report No. : |
301879 |
|
Report Date : |
06.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
POCO SERVICE AG |
|
|
|
|
Registered Office : |
Industriestr. 17 D 59192 Bergkamen |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
01.01.2012 |
|
|
|
|
Date of Incorporation : |
01.10.1996 |
|
|
|
|
Com. Reg. No.: |
HRB 5064 |
|
|
|
|
Legal Form : |
Public Limited Company |
|
|
|
|
Line of Business : |
·
Buying and Selling of Own Commercial
Property and Non-Residential Buildings
|
|
|
|
|
No. of Employee : |
254 |
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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 |
POCO
SERVICE AG
Company Status: active
Industriestr. 17
D 59192 Bergkamen
Telephone:02389/98010
Telefax: 02389/980257
Homepage: www.Poco.de
E-mail: info@poco.de
VAT no.: DE125222713
Business relations are permissible.
LEGAL FORM Public
limited company
Date of foundation: 01.10.1996
Registered on: 05.06.2002
Commercial Register: Local court 59065 Hamm
under: HRB
5064
EUR 100,000.00
Shareholder:
POCO Einrichtungsmärkte
GmbH
Industriestr. 39
D 59192 Bergkamen
Legal form: Private
limited company
Share capital: EUR
32,000,000.00
Share: 100.000 %
Registered on: 11.07.1995
Reg. data: 59065 Hamm,
HRB 4743
Member of the Board of Directors:
Dr. Hans-Ralf Großkord
D 30159 Hannover
born: 04.08.1958
Profession: Businessman
Marital status: married
Member of the Board of Directors:
Thomas Stolletz
D 45964 Gladbeck
born: 04.09.1958
Profession: Businessman
Marital status: unknown
President of the Supervisory Board:
Peter Pohlmann
Vinzenzstr. 13
D 59368 Werne
born: 05.03.1943
Profession: Businessman
Property regime:
Separation of property
Marital status: married
Member of the Supervisory Board:
Helmut Reitz
Hermann-Föge-Weg 2
D 37073 Göttingen
born: 07.03.1944
Profession: Businessman
Marital status: married
Member of the Supervisory Board:
James M. Moore
GB Nordy Bank, Lidstone
born: 18.06.1959
Nationality: British
Proxy:
Heiko Pollok
D 37073 Göttingen
authorized to jointly
represent the company
born: 19.03.1950
Proxy:
Irmtraud Zdziarstek
Obere Hajestr. 10
D 37170 Uslar
authorized to jointly
represent the company
born: 30.06.1953
Profession: Businessman
Marital status: married
Proxy:
Angela Jürgensen
D 31028 Gronau
authorized to jointly
represent the company
born: 07.06.1964
Profession: tax advisor
and anditor
Proxy:
Dr. Friedhelm Rudolph
D 37073 Göttingen
authorized to jointly
represent the company
born: 01.12.1961
Profession: Clerk
Proxy:
Klaus Herzog
D 48308 Senden
authorized to jointly
represent the company
born: 21.02.1963
Proxy:
Stephan Sielhorst
D 37170 Uslar
authorized to jointly represent the company
born: 28.07.1971
Proxy:
Joachim Engelhardt
D 37181 Hardegsen
authorized to jointly
represent the company
born: 13.10.1964
Further functions/participations of Dr.
Hans-Ralf Großkord (Member of the Board
of Directors)
Limited
partner:
Großmarkthalle Dresden
GmbH & Co. KG
Schulstr. 2
D 37181 Hardegsen
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 30,000.00
contribution:
Share: EUR 5,000.00
Registered
on: 27.11.2001
Reg. data: 37073 Göttingen, HRA 130396
Shareholder:
Großmarkthalle Dresden Verwaltungs
GmbH
Schulstr. 2 + 5
D 37181 Hardegsen
Legal form: Private
limited company
Share capital: EUR 30,000.00
Share: EUR 5,000.00
Registered
on: 19.07.1995
Reg. data: 37073 Göttingen, HRB 130334
Manager:
POCO
Immobiliengesellschaft Berlin mbH
Schulstr. 2 + 5
D 37181 Hardegsen
Legal form: Private
limited company
Share capital: EUR 26,000.00
Registered
on: 27.07.2011
Reg. data: 37073 Göttingen, HRB 201600
Manager:
Domäne Holding
Verwaltungs GmbH
Schulstr. 2
D 37181 Hardegsen
Post Box:
12 55
Legal form: Private
limited company
Share capital: EUR 30,000.00
Registered
on: 18.12.1996
Reg. data: 37073 Göttingen, HRB 130378
Manager:
Domäne Gruppe Management
GmbH
Schulstr. 2
D 37181 Hardegsen
Post Box:
1255
Legal form: Private
limited company
Share capital: EUR 30,000.00
Registered
on: 23.02.1996
Reg. data: 37073 Göttingen, HRB 130350
Manager:
POCO Immobiliengesellschaft Wuppertal mbH
Industriestr. 17
D 59192 Bergkamen
Legal form: Private
limited company
Share capital: EUR 250,000.00
Registered
on: 17.11.2005
Reg. data: 59065 Hamm, HRB 5516
Manager:
POCO-Domäne Immobilien
Holding GmbH
Industriestr. 17
D 59192 Bergkamen
Legal form: Private
limited company
Share capital: EUR
48,000,000.00
Registered
on: 17.11.2005
Reg. data: 59065 Hamm, HRB 5517
Manager:
POCO Immobilien GmbH
Industriestr. 17
D 59192 Bergkamen
Legal form: Private
limited company
Share capital: EUR
250,000.00
Registered
on: 28.08.2007
Reg. data: 59065 Hamm, HRB 6012
Manager:
POCO Einrichtungsmärkte
GmbH
Industriestr. 39
D 59192 Bergkamen
Legal form: Private
limited company
Share capital: EUR
32,000,000.00
Registered
on: 11.07.1995
Reg. data: 59065 Hamm, HRB 4743
Further functions/participations of Thomas
Stolletz (Member of the Board of Directors)
Shareholder:
Möbel-Unger Handels GmbH
Mainz
Rheinallee 179
D 55120 Mainz
Legal form: Private
limited company
insolvent
Share capital: EUR 102,258.38
Share: EUR 3,067.75
Registered
on: 07.08.1997
Reg. data: 55116 Mainz, HRB 6298
Manager:
POCO
Immobiliengesellschaft Berlin mbH
Schulstr. 2 + 5
D 37181 Hardegsen
Legal form: Private
limited company
Share capital: EUR 26,000.00
Registered
on: 27.07.2011
Reg. data: 37073 Göttingen, HRB 201600
Manager:
Großmarkthalle Dresden
Verwaltungs GmbH
Schulstr. 2 + 5
D 37181 Hardegsen
Legal form: Private
limited company
Share capital: EUR 30,000.00
Registered
on: 19.07.1995
Reg. data: 37073 Göttingen, HRB 130334
Manager:
POCO Einrichtungsmärkte
GmbH
Industriestr. 39
D 59192 Bergkamen
Legal form: Private
limited company
Share capital: EUR
32,000,000.00
Registered
on: 11.07.1995
Reg. data: 59065 Hamm, HRB 4743
Manager:
cosa: Möbel GmbH Kassel
Falderbaumstr. 10
D 34123 Kassel
Legal form: Private
limited company
Share capital: EUR 102,258.38
Registered
on: 14.01.1999
Reg. data: 34117 Kassel, HRB 6955
Manager:
POCO-Domäne Immobilien
Holding GmbH
Industriestr. 17
D 59192 Bergkamen
Legal form: Private
limited company
Share capital: EUR
48,000,000.00
Registered
on: 17.11.2005
Reg. data: 59065 Hamm, HRB 5517
Manager:
POCO Trade-Mark
Verwaltungsgesellschaft mbH
Industriestr. 17
D 59192 Bergkamen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 17.11.2005
Reg. data: 59065 Hamm, HRB 5520
Manager:
POCO
Immobiliengesellschaft Wuppertal mbH
Industriestr. 17
D 59192 Bergkamen
Legal form: Private
limited company
Share capital: EUR 250,000.00
Registered
on: 17.11.2005
Reg. data: 59065 Hamm, HRB 5516
Manager:
POCO Immobilien GmbH
Industriestr. 17
D 59192 Bergkamen
Legal form: Private
limited company
Share capital: EUR 250,000.00
Registered
on: 28.08.2007
Reg. data: 59065 Hamm, HRB 6012
Manager:
Domäne Holding
Verwaltungs GmbH
Schulstr. 2
D 37181 Hardegsen
Post Box:
12 55
Legal form: Private
limited company
Share capital: EUR 30,000.00
Registered
on: 18.12.1996
Reg. data: 37073 Göttingen, HRB 130378
Manager:
Domäne Gruppe Management
GmbH
Schulstr. 2
D 37181 Hardegsen
Post Box:
1255
Legal form: Private
limited company
Share capital: EUR 30,000.00
Registered
on: 23.02.1996
Reg. data: 37073 Göttingen, HRB 130350
01.10.1996 - 08.12.2000 QUADRO Logistik und Beratungs GmbH
Industriestr. 17
D 59192 Bergkamen
Private limited
company
08.12.2000 - 05.06.2002 Poco Service GmbH
Industriestr. 17
D 59192 Bergkamen
Private limited
company
Main industrial sector
68102
Buying and selling of own commercial property and
non-residential buildings
6820
Renting and operating of own or leased real estate
70101
Management of holding companies
8299
Other business support service activities n. e. c.
Branch:
POCO Service AG
Schulstr. 2-5
D 37181 Hardegsen
TEL.: 05505/502-0
Branch:
POCO Service AG
Industriestr. 40
D 59192 Bergkamen
Limited partner:
POCO Immobilien GmbH
& Co. Vermietungs KG
Wilhelm-Theodor-Römheld-Str.
30
D 55130 Mainz
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Company Status: active
Total cap. EUR 250,000.00
contribution:
Share: EUR 250,000.00
Reg. data: 19.01.2005
Local court
55116 Mainz
HRA 4398
Limited partner:
VR-LEASING POCO GmbH
& Co. Immobilien KG
Hauptstr. 131-137
D 65760 Eschborn
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 15,000.00
contribution:
Share: EUR 15,000.00
Reg. data: 28.10.2005
Local court
60313 Frankfurt
HRA 42722
Limited partner:
POHACONO GmbH & Co.
Immobilien KG
Hauptstr. 131-137
D 65760 Eschborn
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 5,000.00
contribution:
Share: EUR 5,000.00
Reg. data: 22.12.2000
Local court
60313 Frankfurt
HRA 29812
Payment experience: within agreed terms
Negative information: We have no negative
information at hand.
Balance
sheet year: 2012
Type of ownership: proprietor
Share: 100.00 %
Address Industriestr. 17
D 59192 Bergkamen
Value at selling price: EUR 1,000,000.00
Real Estate of: Dr.
Hans-Ralf Großkord
Type of ownership: unknown
Address Industriestr.
17
D 59192 Bergkamen
Real Estate of: Thomas Stolletz
Type of ownership: unknown
Address Industriestr. 17
D 59192 Bergkamen
Land register documents were not available.
Principal bank
COMMERZBANK, 44047 DORTMUND
Sort. code: 44040037, Account no.: 3251428
BIC: COBADEFFXXX, IBAN: DE38440400370325142800
Further bank
WGZ BANK, 40001 DÜSSELDORF
Sort. code: 30060010, Account no.: 134666
BIC: GENODEDDXXX, IBAN: DE37300600100000134666
Turnover: 2013 EUR 75,000,000.00
Equipment: EUR 2,206,455.00
Ac/ts receivable: EUR 1,280,894.00
Liabilities: EUR 7,670,148.00
Real estate of the firm: EUR 1,000,000.00
Total numbers of vehicles: 1
- Passenger cars:
1
Employees: 254
- Trainees:
5
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 15.54
Liquidity ratio: 0.17
Return on total capital [%]: 0.48
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 13.58
Liquidity ratio: 0.26
Return on total capital [%]: 0.27
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 10.18
Liquidity ratio: 0.27
Return on total capital [%]: 3.71
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 40.83
Liquidity ratio: 2.26
Return on total capital [%]: 0.26
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 15,167,008.31
Fixed assets
EUR 4,852,534.88
Intangible assets
EUR 518,847.57
Concessions, licences, rights
EUR 518,847.57
Tangible assets
EUR 3,846,081.79
Land / similar rights
EUR 1,605,542.00
Other tangible assets / fixtures and
fittings
EUR 2,206,454.79
Advance payments made / construction
in progress
EUR 34,085.00
Financial assets
EUR 487,605.52
Shares in participations /
subsidiaries and the like
EUR 326,000.00
Shares in related companies
EUR 326,000.00
Other loans
EUR 161,605.52
Current assets EUR
10,209,222.83
Stocks
EUR 8,799,389.73
Raw materials, consumables and
supplies
EUR 576.42
Finished goods / work in progress
EUR 8,798,813.31
Accounts receivable
EUR 1,280,893.65
Trade debtors
EUR 390,911.07
Amounts due from related companies
EUR 494,824.59
Other debtors and assets
EUR 395,157.99
Liquid means
EUR 128,939.45
Remaining other assets
EUR 105,250.60
Accruals (assets)
EUR 105,250.60
LIABILITIES EUR 15,167,008.31
Shareholders' equity
EUR 2,356,352.93
Capital
EUR 100,000.00
Subscribed capital (share capital)
EUR 100,000.00
Reserves EUR 10,000.00
Retained earnings / revenue reserves EUR 10,000.00
Balance sheet profit/loss (+/-)
EUR 2,246,352.93
Balance sheet profit / loss
EUR 2,246,352.93
Provisions
EUR 4,769,707.11
Pension provisions and comparable
provisions
EUR 1,711,788.00
Provisions for taxes
EUR 4,900.00
Other / unspecified provisions
EUR 3,053,019.11
Liabilities
EUR 7,670,148.27
Other liabilities
EUR 7,670,148.27
Trade creditors (for IAS incl. bills
of exchange)
EUR 6,523,128.91
Liabililties due to related companiesEUR 476,240.80
Unspecified other liabilities
EUR 670,778.56
Other liabilities
EUR 370,800.00
Deferred taxes (not included under
provisions/liabilities)
EUR 370,800.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales
EUR 68,321,937.36
Other operating income EUR 7,313,709.62
Cost of materials
EUR 49,931,777.75
Raw materials and supplies, purchased
goods
EUR 49,931,777.75
Gross result (+/-)
EUR 25,703,869.23
Staff expenses
EUR 15,703,319.62
Wages and salaries
EUR 13,674,779.13
Social security contributions and
expenses for pension plans and
benefits EUR 2,028,540.49
Total depreciation
EUR 1,457,918.20
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,457,918.20
Other operating expenses
EUR 8,177,139.43
Operating result from continuing
operations
EUR 365,491.98
Result from participating interests
(+/-)
EUR 32,863.81
Expenses / income from participations EUR 32,863.81
Income from related companies
EUR 32,863.81
Interest result (+/-)
EUR -259,651.00
Interest and similar income
EUR 7,224.70
Interest and similar expenses
EUR 266,875.70
Financial result (+/-)
EUR -226,787.19
Result from ordinary operations (+/-)
EUR 138,704.79
Income tax / refund of income tax (+/-)EUR -42,594.53
Other taxes / refund of taxes
EUR -23,206.19
Tax (+/-)
EUR -65,800.72
Annual surplus / annual deficit
EUR 72,904.07
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 15,362,271.38
Fixed assets
EUR 4,532,504.82
Intangible assets EUR 455,452.57
Other / unspecified intangible assetsEUR 455,452.57
Tangible assets
EUR 3,601,305.29
Other / unspecified tangible assets
EUR 3,601,305.29
Financial assets
EUR 475,746.96
Other / unspecified financial assets EUR 475,746.96
Current assets
EUR 10,684,137.46
Stocks
EUR 8,510,068.97
Accounts receivable
EUR 2,006,288.29
Amounts due from related companies
EUR 1,395,742.67
Other debtors and assets
EUR 610,545.62
Liquid means
EUR 167,780.20
Remaining other assets
EUR 145,629.10
Accruals (assets)
EUR 145,629.10
LIABILITIES EUR 15,362,271.38
Shareholders' equity
EUR 2,283,448.86
Capital
EUR 100,000.00
Subscribed capital (share capital)
EUR 100,000.00
Reserves
EUR 10,000.00
Retained earnings / revenue reserves EUR 10,000.00
Balance sheet profit/loss (+/-)
EUR 2,173,448.86
Balance sheet profit / loss
EUR 2,173,448.86
Provisions
EUR 4,704,498.70
Liabilities EUR 7,990,304.82
Other liabilities
EUR 7,990,304.82
Liabililties due to related companiesEUR 250,740.61
Unspecified other liabilities
EUR 7,739,564.21
Other liabilities
EUR 384,019.00
Deferred taxes (not included under
provisions/liabilities)
EUR 384,019.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Gross result (+/-)
EUR 22,151,692.16
Staff expenses
EUR 13,215,835.54
Wages and salaries
EUR 11,376,255.92
Social security contributions and
expenses for pension plans and
benefits
EUR 1,839,579.62
Total depreciation
EUR 819,537.72
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 819,537.72
Other operating expenses
EUR 7,803,387.27
Operating result from continuing
operations
EUR 312,931.63
Result from participating interests
(+/-)
EUR 30,052.49
Expenses / income from participations EUR 30,052.49
Income from related companies
EUR 30,052.49
Interest result (+/-)
EUR -231,192.31
Interest and similar income
EUR 44.25
Interest and similar expenses
EUR 231,236.56
Financial result (+/-)
EUR -201,139.82
Result from ordinary operations (+/-)
EUR 111,791.81
Income tax / refund of income tax (+/-)EUR -51,350.83
Other taxes / refund of taxes
EUR -19,750.65
Tax (+/-)
EUR -71,101.48
Annual surplus / annual
deficit EUR 40,690.33
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.39 |
|
|
1 |
Rs.96.84 |
|
Euro |
1 |
Rs.75.67 |
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.