|
Report No. : |
321499 |
|
Report Date : |
22.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
THEEGARTEN PACTEC GMBH & CO. KG |
|
|
|
|
Registered Office : |
Breitscheidstr. 46, D 01237 Dresden |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
01.11.1971 |
|
|
|
|
Com. Reg. No.: |
HRA 4964 |
|
|
|
|
Legal Form : |
Limited Partnership With Private Limited Company As General Partner |
|
|
|
|
Line of Business : |
Wholesale of Other Machinery |
|
|
|
|
No. of Employees : |
305 |
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 |
|
Maximum Credit Limit : |
1,400,000 EUR |
|
Status : |
Satisfactory |
|
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 |
THEEGARTEN PACTEC GMBH & CO. KG
Company Status: active
Breitscheidstr. 46
D 01237 Dresden
Telephone:0351/25730
Telefax: 0351/2573329
Homepage: www.theegarten-pactec.de
E-mail: pactec@theegarten-pactec.de
VAT no.: DE122813134
LEGAL FORM Ltd
partnership with priv. ltd. company as
general
partner
Date of foundation: 01.11.1971
Registered on: 24.09.2002
Register of
companies: Local court
01069 Dresden
under: HRA 4964
Total cap. contribution:
EUR 1,789,521.59
Limited partner:
Theegarten
PACTEC Beteiligungs GmbH
Breitscheidstr. 46
D 01237
Dresden
Legal form:
Private limited company
Share
capital: EUR 260,750.00
Share: EUR 266,638.71
Registered
on: 11.11.2008
Reg. data:
01069 Dresden, HRB 27068
Limited partner:
Monika
Theegarten-Aders
D 82041
Deisenhofen
born: 24.12.1950
Share: EUR 168,930.85
Limited partner:
Tim Belhomme
D 54516
Wittlich
born:
05.02.1980
Share: EUR 145,309.16
Limited partner:
Dr. Boris
Belhomme
Kufsteiner
Platz 4
D 81679
München
born:
22.03.1976
Share: EUR 145,309.16
Limited partner:
Christina
Soravia
D 50667 Köln
born:
09.09.1969
née: vorh.
Jöhren-Zippel
Share: EUR 123,834.90
Limited partner:
Dr. Stephanie Zippel
D 01067
Dresden
born:
12.04.1966
Share: EUR 123,834.90
Limited partner:
Tobias
Rustler
D 50933 Köln
Share: EUR 123,834.89
Limited partner:
Markus
Rustler
Krenkelstr. 2
D 01309
Dresden
born:
27.09.1978
Share: EUR 123,834.89
Limited partner:
Oliver Trahms
D 26340 Zetel
born:
01.01.1967
Share: EUR 120,792.71
Limited partner:
Kathrin Schlotterer
D 80331
München
born:
25.02.1965
Share: EUR 107,374.87
Limited partner:
Franziska
Christine Schlotterer
D 10115 Berlin
born:
18.01.1972
Share: EUR 107,374.87
Limited partner:
Charlotte
Neubert
D 69469
Weinheim
born: 21.05.1968
Share: EUR 60,396.35
Limited partner:
Jan Philipp
Neubert
D 69469
Weinheim
born:
27.09.1971
Share: EUR 60,396.35
Limited partner:
Christoph
Aders
D 80331
München
born:
21.03.1988
Share: EUR 39,369.47
Limited partner:
Philipp Aders
D 80331
München
born:
26.04.1989
Share: EUR 39,369.47
Limited partner:
Cory
Theegarten-Schlotterer
Kolumbusstr.
3
D 81543
München
born:
20.04.1938
Share: EUR 32,920.04
General partner:
Theegarten
Verwaltungsgesellschaft mit
beschränkter
Haftung
Breitscheidstr. 46
D 01237
Dresden
Legal form:
Private limited company
Share
capital: EUR 51,129.19
Registered
on: 16.09.2008
Reg. data: 01069 Dresden, HRB
26949
Shareholder:
Theegarten
PACTEC GmbH & Co. KG
Breitscheidstr. 46
D 01237
Dresden
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total
cap. EUR 1,789,521.59
contribution:
Share: EUR 51,129.19
Registered on: 24.09.2002
Reg. data:
01069 Dresden, HRA 4964
Manager:
Egbert Röhm
D 53111 Bonn
authorized to
jointly represent the company
born:
10.10.1961
Profession:
graduate engineer
Manager:
Markus
Rustler
Krenkelstr. 2
D 01309
Dresden
authorized to
jointly represent the company
born: 27.09.1978
Profession:
Businessman
Proxy:
Ulf Andre
D 01277
Dresden
authorized to
jointly represent the company
born:
30.05.1967
Proxy:
Andre
Schlechte
Am Grünen
Zipfel 98
D 01109
Dresden
authorized to
jointly represent the company
born:
05.10.1957
01.11.1971 - 26.07.2002 Justus
Theegarten GmbH & Co. KG
Widdersdorfer Str. 185
D 50825
Köln
Ltd
partnership with priv. ltd. company
as
general partner
26.07.2002 - 26.08.2002
Theegarten PACTEC GmbH & Co. KG (AG
Köln, HRA
1977)
Veit-Stoß-Str. 6
D 50933
Köln
Ltd
partnership with priv. ltd. company
as general partner
Main industrial sector
46692 Wholesale of other
machinery
Shareholder:
Theegarten
Verwaltungsgesellschaft mit
beschränkter
Haftung
Breitscheidstr. 46
D 01237
Dresden
Legal form:
Private limited company
Company
Status: active
Share
capital: EUR 51,129.19
Share: EUR 51,129.19
Reg.
data: 16.09.2008
Local court 01069 Dresden
HRB 26949
Payment experience: cash
discount/within agreed terms
Negative information: We have no negative information at hand.
Maximum credit: 1,400,000 EUR
Type of ownership: proprietor
Share: 100.00 %
Address
Breitscheidstr. 46
D 01237
Dresden
Land register documents were not available.
Principal bank
COMMERZBANK VORMALS DRESDNER BANK, 01008 DRESDEN
Sort. code: 85080000, Account no.: 401247100
BIC: DRESDEFF850, IBAN: DE32850800000401247100
Further bank
DEUTSCHE BANK, 01071 DRESDEN
Sort. code: 87070000
BIC: DEUTDE8CXXX
Turnover: 2013 EUR 61,500,000.00
2014 EUR 61,600,000.00
further business figures:
Equipment: EUR 594,607.00
Ac/ts receivable:
EUR 11,279,554.00
Liabilities:
EUR 15,116,248.00
Employees:
305
- thereof permanent staff: 305
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]:
71.63
Liquidity ratio:
10.00
Return on total capital [%]:
22.03
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]:
55.94
Liquidity ratio:
10.00
Return on total capital [%]:
17.84
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]:
54.28
Liquidity ratio:
10.00
Return on total capital [%]:
16.68
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]:
65.12
Liquidity ratio:
10.00
Return on total capital [%]:
24.27
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: 01.01.2012 - 31.12.2012
ASSETS EUR 53,758,257.88
Fixed assets EUR 6,569,175.88
Intangible assets EUR 560,827.13
Concessions, licences, rights EUR 560,827.13
Tangible assets EUR 5,957,219.56
Land / similar rights EUR 3,046,827.82
Plant / machinery EUR 2,223,705.32
Other tangible assets / fixtures and
fittings EUR 594,607.49
Advance payments made / construction
in progress EUR 92,078.93
Financial assets EUR 51,129.19
Shares in participations /
subsidiaries and the like EUR 51,129.19
Shares in related companies EUR 51,129.19
Current assets EUR 47,100,372.49
Stocks EUR 10,417,987.27
Raw materials, consumables and
supplies EUR 3,304,667.04
Finished goods / work in progress EUR
6,892,742.63
Advance payments made EUR 220,577.60
Accounts receivable EUR 11,279,554.25
Amounts due from shareholders EUR 245,888.20
Trade debtors EUR 10,468,566.41
Other debtors and assets EUR 565,099.64
Liquid means EUR 25,402,830.97
Remaining other assets EUR 88,709.51
Accruals (assets) EUR 88,709.51
LIABILITIES EUR 53,758,257.88
Shareholders' equity EUR 32,103,836.18
Capital EUR 1,789,521.59
Limited partner's capital / capital
of partially liable partner (LP) EUR 1,789,521.59
Limited partner's capital, fixed
capital, capital account I EUR 1,789,521.59
Reserves EUR 18,525,219.74
Balance sheet profit/loss (+/-) EUR 11,789,094.85
Annual surplus / annual deficit EUR 11,789,094.85
Items between shareholders' equity and
debt capital EUR 51,129.19
Balancing items for capitalised own
shares in cos. acting as general
partners EUR 51,129.19
Provisions EUR 6,479,252.42
Provisions for taxes EUR 879,600.00
Other / unspecified provisions EUR 5,599,652.42
Liabilities EUR 15,116,248.43
Other liabilities EUR 15,116,248.43
Trade creditors (for IAS incl. bills
of exchange) EUR 863,645.67
Liabilities from received advance
payments EUR 5,825,320.30
Liabilities due to shareholders EUR 6,473,647.42
Unspecified other liabilities EUR 1,953,635.04
thereof liabilities from tax /
financial authorities EUR 406,000.00
thereof liabilities from social
security EUR 100,000.00
Other liabilities EUR 7,791.66
Deferrals (liabilities) EUR 7,791.66
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Sales EUR 61,127,537.39
Inventory change + own costs (+/-) EUR -964,571.45
Inventory change (+/-) EUR -964,571.45
Other operating income EUR 3,592,404.84
Cost of materials EUR 17,809,966.37
Raw materials and supplies, purchased
goods EUR 13,484,098.56
Purchased services EUR 4,325,867.81
Gross result (+/-) EUR 45,945,404.41
Staff expenses EUR 16,743,245.47
Wages and salaries EUR
14,186,331.29
Social security contributions and
expenses for pension plans and
benefits EUR 2,556,914.18
Total depreciation EUR 1,250,296.38
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 1,250,296.38
Other operating expenses EUR 12,090,504.05
Operating result from continuing
operations
EUR 15,861,358.51
Interest result (+/-) EUR -1,313,569.41
Interest and similar income EUR 401,717.14
Interest and similar expenses EUR 1,715,286.55
Financial result (+/-) EUR -1,313,569.41
Result from ordinary operations (+/-) EUR
14,547,789.10
Income tax / refund of income tax
(+/-)EUR -2,677,321.00
Other taxes / refund of taxes EUR -81,373.25
Tax (+/-) EUR -2,758,694.25
Annual surplus / annual deficit EUR 11,789,094.85
Type
of balance
sheet: Company balance sheet
Financial
year: 01.01.2011 - 31.12.2011
ASSETS EUR 54,880,947.86
Fixed assets EUR 6,921,260.93
Intangible assets EUR 408,596.63
Concessions, licences, rights EUR 385,596.63
Advance payments for intang. assets EUR 23,000.00
Tangible assets EUR 6,461,535.11
Land / similar rights EUR 3,124,208.25
Plant / machinery EUR 2,524,974.54
Other tangible assets / fixtures and
fittings EUR 687,352.32
Advance payments made / construction
in progress EUR 125,000.00
Financial assets EUR 51,129.19
Shares in participations /
subsidiaries and the like EUR 51,129.19
Current assets EUR 47,820,436.74
Stocks EUR 11,396,205.26
Raw materials, consumables and
supplies EUR 3,249,423.67
Finished goods / work in progress EUR
7,857,314.08
Advance payments made EUR 289,467.51
Accounts receivable EUR 13,263,095.39
Amounts due from shareholders EUR 119,681.65
Trade debtors EUR 12,231,224.82
Other debtors and assets EUR 912,188.92
Liquid means EUR 23,161,136.09
Remaining other assets EUR 139,250.19
Accruals (assets) EUR 139,250.19
LIABILITIES EUR 54,880,947.86
Shareholders' equity EUR 27,006,691.83
Capital EUR 1,789,521.59
Limited partner's capital / capital
of partially liable partner (LP) EUR 1,789,521.59
Reserves EUR 15,446,943.16
Balance sheet profit/loss (+/-) EUR 9,770,227.08
Annual surplus / annual deficit EUR 9,770,227.08
Items between shareholders' equity and
debt capital EUR 51,129.19
Balancing items for capitalised own
shares in cos. acting as general
partners EUR 51,129.19
Provisions EUR 7,592,897.75
Provisions for taxes EUR 1,040,900.00
Other / unspecified provisions EUR 6,551,997.75
Liabilities EUR 20,189,440.76
Other liabilities EUR 20,189,440.76
Trade creditors (for IAS incl. bills
of exchange) EUR 1,159,835.08
Liabilities from received advance
payments EUR 11,577,670.09
Liabilities due to shareholders EUR 3,748,600.99
Liabililties due to related
companiesEUR 1,400,783.64
Unspecified other liabilities EUR 2,302,550.96
thereof liabilities from tax /
financial authorities EUR 236,000.00
thereof liabilities from social
security EUR 86,000.00
Other liabilities EUR 40,788.33
Deferrals (liabilities) EUR 38,958.33
Deferred taxes (not included under
provisions/liabilities) EUR 1,830.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.70 |
|
|
1 |
Rs.98.92 |
|
Euro |
1 |
Rs.70.67 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.