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Report No. : |
332597 |
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Report Date : |
25.07.2015 |
IDENTIFICATION DETAILS
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Name : |
PULSAR RECYCLING GMBH |
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Registered Office : |
Schikanederstr. 6B, D 81241 München |
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Country : |
Germany |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
08.03.2010 |
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Com. Reg. No.: |
HRB 184961 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
· Wholesale of paper and paperboard, stationery, office supplies, books, periodicals and newspapers · Wholesale of non-ferrous ores, metals and metal semi-finished goods · Wholesale of other wooden semi-finished goods and construction materials |
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No. of Employees : |
5 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but 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 |
|
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 |
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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 |
PULSAR RECYCLING GMBH
Company Status: active
Schikanederstr. 6b
D
81241 München
Telephone:089/63852485
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 08.03.2010
Shareholders'
agreement: 08.03.2010
Registered
on: 31.03.2010
Commercial Register: Local court 80333 München
under: HRB 184961
Share capital: EUR 25,000.00
Shareholder:
Dr. Yatin Jatindra
Marathe
Schikanederstr. 6b
D 81241 München
born: 31.05.1961
Share: EUR 25,000.00
Manager:
Dr. Yatin Jatindra
Marathe
Schikanederstr. 6b
D 81241 München
having sole power of
representation
born: 31.05.1961
Further functions/participations of Dr. Yatin
Jatindra Marathe
(Manager)
Shareholder:
ExeQwork GmbH
Schneidmühlstr. 17
D 69115 Heidelberg
Legal form: Private
limited company
Share capital: EUR 32,000.00
Share: EUR 6,250.00
Registered
on: 09.03.2009
Reg. data: 68159 Mannheim, HRB 706254
31.03.2010 - 12.06.2014 Pulsar Recycling UG (haftungsbeschränkt)
Schikanederstr. 6b
D 81241 München
Entrepreneur Company
(limited liability)
Main industrial sector
46494
Wholesale of paper and paperboard, stationery, office supplies,
books,periodicals and newspapers
46722
Wholesale of non-ferrous ores, metals and metal semi-finished goods
46733
Wholesale of other wooden semi-finished goods and construction materials
Payment experience: within periods customary in this trade
Negative information: We have no negative
information at hand.
Type of ownership: Tenant
Address Schikanederstr. 6b
D 81241 München
Land register documents were not available.
A
bank connection is unknown.
Turnover: 2014 *EUR 1,083,000.00
Profit: 2013 EUR -24,147.00
further business figures:
Equipment: EUR 1.00
Ac/ts receivable: EUR
156,026.00
Liabilities: EUR 157,653.00
Employees:
5
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 [%]: 40.45
Liquidity ratio: 2.05
Return on total capital [%]: -12.57
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 69.02
Liquidity ratio: 10.00
Return on total capital [%]: 12.27
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 39.14
Liquidity ratio: 2.39
Return on total capital [%]: 22.88
Balance sheet ratios 08.03.2010 - 31.12.2010
Equity ratio [%]: 41.38
Liquidity ratio: 2.22
Return on total capital [%]: -5.24
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 192,060.27
Fixed assets
EUR 0.50
Tangible assets
EUR 0.50
Other tangible assets / fixtures and
fittings
EUR 0.50
Current assets
EUR 192,022.77
Accounts receivable EUR 156,025.66
Trade debtors
EUR 129,524.77
Other debtors and assets
EUR 26,500.89
Liquid means
EUR 35,997.11
Remaining other assets
EUR 37.00
Accruals (assets)
EUR 37.00
LIABILITIES EUR 192,060.27
Shareholders' equity
EUR 32,207.67
Capital
EUR 4,000.00
Subscribed capital (share capital)
EUR 4,000.00
Balance sheet profit/loss (+/-)
EUR 28,207.67
Profit / loss brought forward
EUR 52,354.63
Annual surplus / annual deficit
EUR -24,146.96
Provisions
EUR 2,200.00
Other / unspecified provisions
EUR 2,200.00
Liabilities EUR 157,652.60
Other liabilities
EUR 157,652.60
Trade creditors (for IAS incl. bills
of exchange)
EUR 101,890.36
Unspecified other liabilities EUR 55,762.24
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 144,251.07
Fixed assets
EUR 0.50
Tangible assets
EUR 0.50
Other tangible assets / fixtures and
fittings
EUR 0.50
Current assets
EUR 144,213.57
Accounts receivable
EUR 69,417.76
Trade debtors
EUR 69,192.47
Other debtors and assets
EUR 225.29
Liquid means
EUR 74,795.81
Remaining other assets
EUR 37.00
Accruals (assets)
EUR 37.00
LIABILITIES EUR 144,251.07
Shareholders' equity EUR 56,354.63
Capital
EUR 4,000.00
Subscribed capital (share capital)
EUR 4,000.00
Balance sheet profit/loss (+/-)
EUR 52,354.63
Profit
/ loss brought forward EUR 34,651.86
Annual surplus / annual deficit
EUR 17,702.77
Provisions
EUR 30,531.00
Provisions for taxes
EUR 25,731.00
Other / unspecified provisions
EUR 4,800.00
Liabilities
EUR 57,365.44
Other liabilities
EUR 57,365.44
Trade creditors (for IAS incl. bills
of exchange)
EUR 13,755.13
Unspecified other liabilities
EUR 43,610.31
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.89 |
|
|
1 |
Rs.99.10 |
|
Euro |
1 |
Rs.70.12 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
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Report Prepared
by : |
TPT |
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 |
|
|
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.