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Report No. : |
327390 |
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Report Date : |
22.06.2015 |
IDENTIFICATION DETAILS
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Name : |
ULTRALEN FILM GMBH |
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Registered Office : |
Lustgartenstr. 6, D 79576 Weil am Rhein |
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Country : |
Germany |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
17.03.2003 |
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Com. Reg. No.: |
HRB 413444 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacture of Plastic Plates,
Sheets, Tubes and Profiles. |
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No. of Employees : |
16 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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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 : |
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 |
ULTRALEN
FILM GMBH
Company Status: active
Lustgartenstr. 6
D 79576 Weil am Rhein
Telephone:07621/422388-0
Telefax: 07621/422388-39
Homepage: www.ultralen.de
E-mail:
info@ultralen.com
DE229822516
11089/06347
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 17.03.2003
Shareholders'
agreement: 17.03.2003
Registered on: 05.05.2003
Commercial Register: Local court 79098 Freiburg
under: HRB
413444
EUR 250,000.00
Shareholder:
Ultralen Italia
S.r.l.
Via San Martino 65
I 25020 Borgo Poncarale
Legal form: Other legal
form
Share: EUR 250,000.00
Manager:
Reiner Hambrecht
Gartenstr. 22
D 79098 Freiburg
authorized to jointly
represent the company
born: 11.10.1962 in
Freiburg
Proxy:
Bärbel Vera Kolz
D 79576 Weil am Rhein
born: 24.09.1957 in Weil
am Rhein
née: Eichin
05.05.2003 - 31.12.2005 Ultralen Film GmbH
Weidstr. 2i
D 79576 Weil am Rhein
Private limited
company
Main industrial sector
22210
Manufacture of plastic plates, sheets, tubes and profiles
Payment experience: cash discount/within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2013
Type of ownership: Tenant
Address Lustgartenstr.
6
D 79576 Weil am Rhein
Land register documents were not available.
Principal bank
COMMERZBANK VORMALS DRESDNER BANK, 79576 WEIL
AM RHEIN
Sort. code: 68080030, Account no.: 651010300
BIC: DRESDEFF680, IBAN: DE07680800300651010300
Further bank
SPARKASSE
MARKGRÄFLERLAND, 79574 WEIL AM RHEIN
Sort. code: 68351865
BIC: SOLADES1MGL
Turnover: 2013 EUR 7,900,000.00
2014 EUR 9,900,000.00
Expected turnover: EUR 10,000,000.00
Profit: 2013 EUR -360,000.00
2014 EUR -100,000.00
further business figures:
Equipment: EUR 50,000.00
Ac/ts receivable: EUR 676,246.00
Liabilities: EUR 1,291,744.00
Total numbers of vehicles: 4
Employees: 16
-
thereof permanent staff: 13
-
Part-time employees: 2
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 45.36
Liquidity ratio: 0.88
Return on total capital [%]: -19.10
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 51.53
Liquidity ratio: 0.69
Return
on total capital [%]: 0.38
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 71.37
Liquidity ratio: 3.14
Return on total capital [%]: -26.96
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 66.65
Liquidity ratio: 1.12
Return on total capital [%]: 4.00
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 1,994,626.92
Fixed assets
EUR 145,518.00
Intangible assets
EUR 93,084.00
Tangible assets
EUR 52,434.00
Current assets
EUR 1,846,289.82
Stocks
EUR 944,780.16
Accounts receivable
EUR 676,245.99
Liquid means
EUR 225,263.67
Remaining other assets EUR 2,819.10
Accruals (assets)
EUR 2,819.10
LIABILITIES EUR 1,994,626.92
Shareholders' equity
EUR 601,399.05
Capital EUR 250,000.00
Subscribed capital (share capital)
EUR 250,000.00
Reserves
EUR 1,424,032.47
Capital reserves
EUR 1,424,032.47
Balance sheet profit/loss (+/-)
EUR -1,072,633.42
Balance sheet profit / loss
EUR -1,072,633.42
Provisions
EUR 101,484.00
Liabilities
EUR 1,291,743.87
Type
of balance sheet: Company balance sheet
Financial year: 01.01.2012
- 31.12.2012
ASSETS EUR 2,470,494.89
Fixed assets
EUR 169,393.00
Intangible assets
EUR 109,490.00
Other / unspecified intangible assetsEUR 109,490.00
Tangible assets
EUR 59,903.00
Other / unspecified tangible assets
EUR 59,903.00
Current assets
EUR 2,291,117.35
Stocks
EUR 1,478,392.37
Accounts receivable
EUR 811,108.64
Other debtors and assets EUR 811,108.64
Liquid means
EUR 1,616.34
Remaining other assets
EUR 9,984.54
Accruals (assets)
EUR 9,984.54
LIABILITIES EUR 2,470,494.89
Shareholders' equity
EUR 963,835.07
Capital
EUR 250,000.00
Subscribed capital (share capital)
EUR 250,000.00
Reserves EUR 1,424,032.47
Capital reserves
EUR 1,424,032.47
Balance sheet profit/loss (+/-)
EUR -710,197.40
Balance sheet profit / loss
EUR -710,197.40
Provisions EUR 99,588.00
Liabilities
EUR 1,407,071.82
Other liabilities
EUR 1,407,071.82
Unspecified other liabilities
EUR 1,407,071.82
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.82 |
|
|
1 |
Rs.101.26 |
|
Euro |
1 |
Rs.72.36 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
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|
Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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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.