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Report No. : |
329169 |
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Report Date : |
01.07.2015 |
IDENTIFICATION DETAILS
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Name : |
TECHNOPAC GMBH |
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Registered Office : |
Schleupestr. 15, D 48431 Rheine, Post
Box:16 51, D 48406 Rheine |
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Country : |
Germany |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
14.01.1999 |
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Com. Reg. No.: |
HRB 4578 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Agents
involved in the sale of machines (except agricultural machineryand office
machinery) and industrial supplies n.e.c. · Wholesale of other household goods · Wholesale of other machinery · Wholesale of other equipment and accessories for machinery and technical supplies. |
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No. of Employees : |
13 |
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 : |
Usually Correct |
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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, 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 5.2% in 2014. The new German government introduced a
minimum wage of about $11.60 (8.50 euros) 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%. The budget was essentially in
balance in 2014. 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. The German economy suffers
from low levels of investment, and a government plan to invest 15 billion euros
2016-18, largely in infrastructure, is intended to spur needed private investment.
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
plans to replace nuclear power with renewable energy, which accounted for 27.8%
of gross electricity consumption in 2014, up from 9% in 2000. 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. Extremely low inflation, caused largely by low global energy prices
and a weak euro, are expected to boost German GDP growth in 2015.
|
Source
: CIA |
TECHNOPAC
GMBH
Company Status: active
Schleupestr. 15
D 48431 Rheine
Post Box:
16 51, D 48406 Rheine
Telephone:05971/808280
Telefax: 05971/8082820
Homepage: www.technopac.de
E-mail: info@technopac.de
DE812621895
311/5812/1103
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 14.01.1999
Shareholders'
agreement: 14.01.1999
Registered on: 02.03.1999
Commercial Register: Local court 48565 Steinfurt
under: HRB
4578
EUR 50,000.00
Shareholder:
Hildegard Johanna
Röwemeier
Pestalozzistr. 17
D 10625 Berlin
born: 02.02.1959
Share: EUR 50,000.00
Manager:
Hildegard Johanna
Röwemeier
Pestalozzistr. 17
D 10625 Berlin
having sole power of representation
born: 02.02.1959
Profession: Businessman
Marital status: single
Further functions/participations of Hildegard
Johanna Röwemeier
(Manager)
Shareholder:
TPI Lanzoni Consulting UG
(haftungsbeschränkt)
Pestalozzistr. 17
D 10625 Berlin
Legal form: Entrepreneur
Company (limited
liability) in liquidation
Share capital: EUR 1,000.00
Share: EUR 1,000.00
Registered
on: 08.07.2013
Reg. data: 14057 Berlin, HRB 151229 B
Liquidator:
TPI Lanzoni Consulting UG
(haftungsbeschränkt)
Pestalozzistr. 17
D 10625 Berlin
Legal form: Entrepreneur
Company (limited
liability) in
liquidation
Share capital: EUR 1,000.00
Registered
on: 08.07.2013
Reg. data: 14057 Berlin, HRB 151229 B
14.01.1999 - 20.04.1999 TechnoPac GmbH
Thiebergstr. 5c
D 48431 Rheine
Private limited
company
20.04.1999 - 01.01.2004 TechnoPac GmbH
Münsterstr. 79a
D 48431 Rheine
Private limited
company
01.01.2004 - 22.11.2013 TechnoPac GmbH
Salzbergener Str.
18-22
D 48431 Rheine
Private limited
company
22.11.2013 - 04.02.2014 TechnoPac GmbH
Schleupestr. 15
D 48431 Rheine
Private limited company
Main
industrial sector
46141
Agents involved in the sale of machines (except agricultural
machineryand office machinery) and industrial supplies n.e.c.
4649
Wholesale of other household goods
46692
Wholesale of other machinery
46693
Wholesale of other equipment and accessories for machinery and technical
supplies
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2013
Type of ownership: Tenant
Address Schleupestr. 15
D 48431 Rheine
Real Estate of: Hildegard Johanna Röwemeier
Type of ownership: Tenant
Address Thiebergstr. 5c
D 48431 Rheine
Land register documents were not available.
Principal bank
STADTSPARKASSE RHEINE, 48410 RHEINE
Sort. code: 40350005
BIC: WELADED1RHN
Turnover: 2013 EUR 13,636,613.00
2014 *EUR 14,500,000.00
Profit: 2013 EUR 146,463.00
further business figures:
Equipment: EUR 30,614.00
Ac/ts receivable: EUR 2,084,355.00
Liabilities: EUR 1,984,329.00
Total numbers of vehicles: 1
-
Passenger cars: 1
Employees:
13
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 [%]: 22.99
Liquidity ratio: 1.07
Return on total capital [%]: 5.39
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 20.71
Liquidity ratio: 1.07
Return on total capital [%]: 4.89
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 19.11
Liquidity ratio: 1.05
Return on total capital [%]: 4.18
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 24.86
Liquidity ratio: 1.19
Return on total capital [%]: 5.54
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 2,751,453.35
Fixed assets
EUR 30,615.00
Intangible assets
EUR 1.00
Concessions, licences, rights
EUR 1.00
Tangible assets
EUR 30,614.00
Other tangible assets / fixtures and
fittings
EUR 30,614.00
Current assets
EUR 2,720,838.35
Stocks
EUR 574,312.92
Finished goods / work in progress
EUR 574,312.92
Accounts receivable
EUR 2,084,354.96
thereof total due from shareholders
EUR 33,153.91
Trade debtors
EUR 1,904,351.05
Amounts due from investee companies
EUR 33,153.91
Other debtors and assets
EUR 146,850.00
Liquid means
EUR 62,170.47
LIABILITIES EUR 2,751,453.35
Shareholders' equity
EUR 646,522.82
Capital
EUR 50,000.00
Subscribed capital (share capital)
EUR 50,000.00
Reserves EUR 50,000.00
Retained earnings / revenue reserves EUR 50,000.00
Balance sheet profit/loss (+/-)
EUR 546,522.82
Profit / loss brought forward
EUR 400,059.99
Annual surplus / annual deficit
EUR 146,462.83
Provisions
EUR 120,602.00
Provisions for taxes
EUR 43,102.00
Other / unspecified provisions
EUR 77,500.00
Liabilities
EUR 1,984,328.53
Financial debts
EUR 236,973.16
Liabilities due to banks
EUR 236,973.16
Other liabilities
EUR 1,747,355.37
Trade creditors (for IAS incl. bills
of exchange)
EUR 1,560,619.84
Unspecified other liabilities
EUR 186,735.53
thereof liabilities from tax /
financial authorities EUR 129,881.10
thereof liabilities from social
security
EUR 477.60
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales EUR 13,636,613.19
Other operating income
EUR 18,285.62
Cost of materials
EUR 12,143,350.74
Raw materials and supplies, purchased
goods
EUR 12,126,583.11
Purchased services
EUR 16,767.63
Gross result (+/-)
EUR 1,511,548.07
Staff expenses
EUR 577,065.64
Wages and salaries EUR 497,351.83
Social security contributions and
expenses for pension plans and
benefits
EUR 79,713.81
Total depreciation
EUR 6,043.09
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 6,043.09
Other operating expenses
EUR 701,155.26
Operating result from continuing
operations EUR 227,284.08
Interest result (+/-)
EUR -14,336.25
Interest and similar income
EUR 5,529.00
Interest and similar expenses
EUR 19,865.25
Financial result (+/-)
EUR -14,336.25
Result from ordinary operations (+/-)
EUR 212,947.83
Income tax / refund of income tax (+/-)EUR -65,649.00
Other taxes / refund of taxes
EUR -836.00
Tax
(+/-)
EUR -66,485.00
Annual surplus / annual deficit
EUR 146,462.83
Type
of balance sheet: Company balance sheet
Financial year: 01.01.2012
- 31.12.2012
ASSETS
EUR 2,414,049.88
Fixed assets
EUR 14,714.00
Intangible assets
EUR 1.00
Tangible assets
EUR 14,713.00
Current assets
EUR 2,399,335.88
Stocks
EUR 436,302.68
Accounts receivable
EUR 1,945,951.28
Liquid means
EUR 17,081.92
LIABILITIES EUR 2,414,049.88
Shareholders' equity
EUR 500,059.99
Capital
EUR 50,000.00
Subscribed capital (share capital)
EUR 50,000.00
Reserves
EUR 50,000.00
Retained earnings / revenue reserves EUR 50,000.00
Balance sheet profit/loss (+/-)
EUR 400,059.99
Balance sheet profit / loss
EUR 400,059.99
Provisions
EUR 83,905.00
Liabilities
EUR 1,830,084.89
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.75 |
|
|
1 |
Rs.100.12 |
|
Euro |
1 |
Rs.71.20 |
INFORMATION DETAILS
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Analysis Done by
: |
SAN |
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Report Prepared
by : |
NIT |
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 |
-- |
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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.