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Report No. : |
326193 |
|
Report Date : |
12.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
PEMA VERPACKUNG GMBH |
|
|
|
|
Registered Office : |
Carl-Zeiss-Str. 10, D 28857 Syke |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
01.03.1990 |
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|
|
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Com. Reg. No.: |
HRB 110498 |
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|
|
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Legal Form : |
Private Limited Company |
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|
|
|
Line of Business : |
Manufacture of Wooden Containers |
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|
|
|
No. of Employees : |
73 |
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 |
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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 – 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 |
|
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 |
PEMA VERPACKUNG GMBH
Company Status: active
Carl-Zeiss-Str. 10
D 28857 Syke
Telephone:04242/53930
Telefax: 04242/539333
Homepage: www.pema-verpackung.de
E-mail:
info@pema-verpackung.de
VAT
no.: DE116637417
Tax
ID number: 46/202/05817
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 01.03.1990
Shareholders'
agreement: 01.03.1990
Registered on: 17.05.1990
Commercial Register: Local court 29664
Walsrode
under: HRB 110498
Share
capital:
EUR 511,291.88
Shareholder:
Raake/Frey Holding GmbH
& Co. KG
Carl-Zeiss-Str. 10
D 28857 Syke
Legal form: Ltd partnership
with priv. ltd.
company as general
partner
Total cap. EUR 2,000.00
contribution:
Share: EUR 485,727.29
Registered on: 12.12.2014
Reg. data: 29664
Walsrode, HRA 202657
Shareholder:
Frey/Schattschneider
Besitz GmbH & Co. KG
Carl-Zeiss-Str. 10
D 28857 Syke
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR 3,000.00
contribution:
Share: EUR 25,564.59
Registered on: 06.01.2015
Reg. data: 29664
Walsrode, HRA 202683
Manager:
Christof Raake
Hügelrose 37
D 28857 Syke
having sole power of
representation
born: 11.05.1967
Marital status: unknown
Further functions/participations of Christof
Raake (Manager)
Limited partner:
Raake/Frey Holding GmbH
& Co. KG
Carl-Zeiss-Str. 10
D 28857 Syke
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 2,000.00
contribution:
Share: EUR 1,000.00
Registered
on: 12.12.2014
Reg. data: 29664 Walsrode, HRA 202657
Limited partner:
Frey/Raake Grundbesitz
GmbH & Co. KG
Carl-Zeiss-Str. 10
D 28857 Syke
Legal form: Ltd
partnership with priv. ltd.
company as general partner
Total cap. EUR 3,000.00
contribution:
Share: EUR 300.00
Registered
on:
11.12.2014
Reg. data: 29664 Walsrode, HRA 202656
Shareholder:
Frey/Raake GmbH
Carl-Zeiss-Str. 10
D 28857 Syke
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 7,500.00
Registered
on: 21.03.2014
Reg. data: 29664 Walsrode, HRB 204777
Main industrial sector
16240
Manufacture of wooden containers
Branch:
Pema Verpackung GmbH
Wilmersstr. 6
D 48282 Emsdetten
TEL.: 02572/960290
Shareholder:
Beyer Innotec GmbH
Carl-Zeiss-Str. 10
D 28857 Syke
Legal form: Private limited
company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 27.12.2006
Local court 29664 Walsrode
HRB 200416
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Type of ownership: Tenant
Address Carl-Zeiss-Str. 10
D 28857 Syke
Land register documents were not available.
Principal bank
KREISSPARKASSE SYKE, 28846 SYKE
Sort. code: 29151700, Account no.: 1110007950
BIC: BRLADE21SYK, IBAN: DE93291517001110007950
Further bank
OLDENBURGISCHE LANDESBANK AG, 26016 OLDENBURG
(OLDB)
Sort. code: 28020050, Account no.: 2409888100
BIC: OLBODEH2XXX, IBAN: DE82280200502409888100
Gross profit or loss: 2013 EUR
4,875,076.00
2014
*EUR 5,000,000.00
Profit: 2013 EUR 984,368.00
further business figures:
Equipment: EUR 300,080.00
Ac/ts receivable: EUR
1,923,251.00
Liabilities: EUR 457,948.00
Total numbers of vehicles: 2
-
Passenger cars: 2
Employees: 73
-
thereof permanent staff: 73
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 [%]: 89.38
Liquidity ratio: 10.00
Return on total capital [%]: 16.56
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 91.11
Liquidity ratio: 10.00
Return on total capital [%]: 13.88
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 90.65
Liquidity ratio: 10.00
Return on total capital [%]: 17.29
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 5,952,866.24
Fixed assets
EUR 706,343.50
Intangible assets
EUR 16,330.00
Other / unspecified intangible assetsEUR 16,330.00
Tangible assets
EUR 465,013.50
Land / similar rights
EUR 4,607.50
Plant / machinery
EUR 160,326.00
Other tangible assets / fixtures and
fittings
EUR 300,080.00
Financial assets
EUR 225,000.00
Shares in participations /
subsidiaries and the like
EUR 25,000.00
Shares in related companies
EUR 25,000.00
Loans to participations /
subsidiaries and the like
EUR 200,000.00
Loans to investee companies
EUR 200,000.00
Current assets
EUR 5,246,522.74
Stocks
EUR 1,056,436.79
Accounts receivable
EUR 1,923,251.13
Trade
debtors EUR 1,472,961.64
Amounts due from related companies
EUR 338,195.03
Other debtors and assets
EUR 112,094.46
Liquid means
EUR 2,266,834.82
LIABILITIES EUR 5,952,866.24
Shareholders' equity
EUR 5,321,652.61
Capital
EUR 511,291.88
Subscribed capital (share capital)
EUR 511,291.88
Balance sheet profit/loss (+/-)
EUR 4,810,360.73
Profit / loss brought forward
EUR 3,825,992.84
Annual surplus / annual deficit
EUR 984,367.89
Provisions EUR 173,265.63
Liabilities
EUR 457,948.00
Other liabilities
EUR 457,948.00
Trade creditors (for IAS incl. bills
of exchange)
EUR 354,099.51
Unspecified other liabilities
EUR 103,848.49
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 4,875,076.21
Staff expenses EUR 1,647,405.18
Wages and salaries
EUR 1,369,040.62
Social security contributions and
expenses for pension plans and
benefits
EUR 278,364.56
Total depreciation
EUR 123,481.55
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 123,481.55
Other operating expenses
EUR 1,743,789.30
Operating result from continuing
operations
EUR 1,360,400.18
Interest result (+/-)
EUR 5,790.22
Interest and similar income
EUR 25,404.67
thereof from related companies EUR 12,000.00
Interest and similar expenses
EUR 19,614.45
Financial result (+/-)
EUR 5,790.22
Result from ordinary operations (+/-)
EUR 1,366,190.40
Income tax / refund of income tax (+/-)EUR -378,512.20
Other taxes / refund of taxes
EUR -3,310.31
Tax
(+/-)
EUR -381,822.51
Annual surplus / annual deficit
EUR 984,367.89
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 5,856,410.43
Fixed assets
EUR 747,784.50
Intangible assets
EUR 28,941.50
Other / unspecified intangible assetsEUR 28,941.50
Tangible assets
EUR 493,843.00
Land / similar rights
EUR 6,381.50
Plant / machinery
EUR 182,722.50
Other tangible assets / fixtures and
fittings
EUR 304,739.00
Financial assets
EUR 225,000.00
Shares in participations /
subsidiaries and the like
EUR 25,000.00
Shares in related companies
EUR 25,000.00
Loans to participations /
subsidiaries and the like
EUR 200,000.00
Loans to investee companies
EUR 200,000.00
Current assets
EUR 5,108,625.93
Stocks
EUR 1,305,754.24
Accounts receivable
EUR 2,129,952.68
Amounts due from related companies
EUR 387,572.85
Other debtors and assets
EUR 1,742,379.83
Liquid means
EUR 1,672,919.01
LIABILITIES EUR 5,856,410.43
Shareholders' equity
EUR 5,337,284.72
Capital
EUR 511,291.88
Subscribed capital (share capital)
EUR 511,291.88
Balance sheet profit/loss (+/-)
EUR 4,825,992.84
Profit / loss brought forward
EUR 4,015,085.45
Annual surplus / annual deficit
EUR 810,907.39
Provisions
EUR 167,990.77
Pension
provisions and comparable
provisions
EUR 71,351.00
Other / unspecified provisions
EUR 96,639.77
Liabilities
EUR 351,134.94
Other liabilities EUR 351,134.94
Unspecified other liabilities
EUR 351,134.94
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 4,680,671.93
Staff expenses
EUR 1,622,757.87
Wages and salaries
EUR 1,351,586.57
Social security contributions and
expenses for pension plans and
benefits
EUR 271,171.30
Total depreciation
EUR 132,020.64
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 132,020.64
Other
operating expenses EUR 1,753,278.89
Operating result from continuing
operations
EUR 1,172,614.53
Interest result (+/-)
EUR 4,911.68
Interest and similar income
EUR 22,634.23
thereof from related companies
EUR 12,000.00
Interest and similar expenses
EUR 17,722.55
Financial result (+/-)
EUR 4,911.68
Result from ordinary operations (+/-)
EUR 1,177,526.21
Income tax / refund of income tax (+/-)EUR -363,113.51
Other taxes / refund of taxes
EUR -3,505.31
Tax
(+/-)
EUR -366,618.82
Annual surplus / annual deficit
EUR 810,907.39
Inconsistent balance sheets:
Financial year published on
01.01.2010 - 31.12.2010 25.07.2011
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.89 |
|
|
1 |
Rs.98.89 |
|
Euro |
1 |
Rs.72.31 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
TPT |
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.