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Report No. : |
325654 |
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Report Date : |
10.06.2015 |
IDENTIFICATION DETAILS
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Name : |
MACEPLAST GMBH |
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Registered Office : |
Neusser Str. 115, D 41363 Jüchen |
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Country : |
Germany |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
20.07.1994 |
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Legal Form : |
Private limited company |
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LINE OF BUSINESS : |
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No. of Employee : |
7 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
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 |
|
Moderate |
B1 |
|
High |
B2 |
|
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, 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 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. 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 accounts for 34% of total energy consumption, 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.
|
Source
: CIA |
MACEPLAST GMBH
Company Status: active
Neusser Str. 115
D 41363 Jüchen
Telephone:02165/871133
Telefax: 02165/871134
Homepage:
www.maceplast.de
E-mail: info@maceplast.de
VAT
no.: DE811679598
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 20.07.1994
Shareholders'
agreement: 20.07.1994
Registered on: 01.09.1994
Commercial
Register: Local court 41061 Mönchengladbach
under: HRB
4909
EUR 160,000.00
GUARNIFLON S.P.A.
Via Francesco Cucchi 6
24100 Bergamo
Legal form: Other legal form
Share: EUR 160,000.00
Luca Mazza -Student-
I - Sarnico
aving sole power of representation
Nationality: Italian
Gabriele Bolognese
D 42799 Leichlingen
having sole power of representation
born: 04.02.1975
20.07.1994
- 03.10.1995 G.-Plast GmbH
Rheindahlener Str.
130
D 41189
Mönchengladbach
Private limited
company
04.10.1995 - 22.12.1997 G.-Plast GmbH
Giesenkirchener Str.
170
D 41238
Mönchengladbach
Private limited
company
22.12.1997 - 20.05.2005 MACEPLAST GmbH
Giesenkirchener Str.
170
D 41238 Mönchengladbach
Private limited
company
Main industrial sector
46693 Wholesale of other equipment and
accessories for machinery and technical supplies
46743
Wholes of metal and plastic
goods for construction purposes
4675
Wholesale of chemical
products
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2013
Type of ownership: Tenant
Address Neusser
Str. 115
D 41363 Jüchen
Land register documents were not available.
COMMERZBANK, 41012 MÖNCHENGLADBACH
Sort. code: 31040015
BIC: COBADEFFXXX
DEUTSCHE BANK, 41061 MÖNCHENGLADBACH
Sort.
code: 31070001
BIC: DEUTDEDD310
STADTSPARKASSE MÖNCHENGLADBACH, 41003
MÖNCHENGLADBACH
Sort. code: 31050000
BIC: MGLSDE33XXX
FINANCIAL FIGURES
Profit: 2013 EUR 259,595.00
Ac/ts receivable: EUR 525,543.00
Liabilities: EUR 103,976.00
Employees:
7
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 94.45
Liquidity ratio: 10.00
Return on total capital [%]: 13.61
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 83.72
Liquidity ratio: 5.69
Return on total capital [%]: 23.20
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 68.32
Liquidity ratio: 3.62
Return on total capital [%]: 20.77
Balance sheet grade: 1.0
Balance
sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 72.81
Liquidity ratio: 2.84
Return on total capital [%]: 6.39
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.
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.
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.
Financial year: 01.01.2013 - 31.12.2013
ASSETS EUR 1,908,554.96
Fixed
assets EUR 475,319.50
Intangible assets
EUR 2,386.50
Tangible assets
EUR 472,933.00
Current assets
EUR 1,428,168.46
Stocks
EUR 711,319.00
Accounts receivable
EUR 525,542.83
Liquid means
EUR 191,306.63
Remaining other assets
EUR 5,067.00
Accruals (assets)
EUR 5,067.00
LIABILITIES EUR 1,908,554.96
Shareholders' equity
EUR 1,750,546.45
Capital EUR 160,000.00
Subscribed capital (share capital)
EUR 160,000.00
Reserves
EUR 265,000.00
Capital reserves
EUR 265,000.00
Balance sheet profit/loss (+/-)
EUR 1,325,546.45
Profit / loss brought forward
EUR 1,065,951.52
Annual surplus / annual deficit
EUR 259,594.93
Provisions
EUR 54,033.00
Liabilities
EUR 103,975.51
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 2,404,099.28
Fixed assets EUR 511,707.50
Intangible assets
EUR 10,347.50
Other / unspecified intangible assetsEUR 10,347.50
Tangible assets
EUR 501,360.00
Other / unspecified tangible assets
EUR 501,360.00
Current assets
EUR 1,886,065.41
Stocks
EUR 927,151.92
Accounts receivable
EUR 818,727.52
Other debtors and assets
EUR 818,727.52
Liquid means
EUR 140,185.97
Remaining other assets
EUR 6,326.37
Accruals (assets)
EUR 6,326.37
LIABILITIES EUR 2,404,099.28
Shareholders' equity
EUR 1,740,951.52
Capital
EUR 160,000.00
Subscribed capital (share capital)
EUR 160,000.00
Reserves
EUR 265,000.00
Capital reserves
EUR 265,000.00
Balance sheet profit/loss (+/-)
EUR 1,315,951.52
Profit / loss brought forward
EUR 759,477.76
Annual surplus / annual deficit
EUR 556,473.76
Provisions
EUR 106,634.44
Liabilities
EUR 556,513.32
Other
liabilities EUR 556,513.32
Unspecified other liabilities
EUR 556,513.32
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.94 |
|
|
1 |
Rs.98.27 |
|
Euro |
1 |
Rs.72.37 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
ASH |
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.