|
Report No. : |
348556 |
|
Report Date : |
03.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
MUNCH CHEMIE INTERNATIONAL GMBH |
|
|
|
|
Registered Office : |
Viernheimer Str. 70-76, D 69469 Weinheim |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
15.09.1981 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employee : |
26 |
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 |
|
|
|
|
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 – 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 |
|
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 5.2% 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 |
MUNCH CHEMIE INTERNATIONAL GMBH
Company Status: active
Viernheimer
Str. 70-76
D 69469 Weinheim
Telephone: 06201/99830
Telefax: 06201/998366
Homepage: www.muench-chemie.com
E-mail: mmuench@muench-chemie.com
VAT
no.: DE144497299
CONCLUSION
Business relations are permissible.
LEGAL FORM Private
limited company
Registered on: 15.09.1981
Commercial Register: Local court 68159 Mannheim
under: HRB
431102
EUR
100,000.00
Wilhelm Münch
Viernheimer Str. 72
D 69469 Weinheim
born: 13.03.1945
Share: EUR 51,000.00
Shareholder:
Michael Münch
D 69488 Birkenau
born: 25.12.1971
Share: EUR 49,000.00
Wilhelm Münch
Viernheimer Str. 72
D 69469 Weinheim
having sole power of representation
born: 13.03.1945
Profession: Chemical
laboratory technician
Share: < 0.001 %
Marital status: married
Manager:
Michael Münch
D 69488 Birkenau
having sole power of
representation
born: 25.12.1971
Profession: Tool mechanic
Marital status: unknown
Andrea Ohlemüller
D 64625 Bensheim
authorized to jointly
represent the company
born: 20.11.1965
Proxy:
Milla Ruppert
D 69181 Leimen
authorized to jointly
represent the company
born: 24.07.1964
01.11.1948 - 14.09.1981 Dr. Adolf Münch
D 69469 Weinheim
Unregistered
commercial enterprise
15.09.1981 - 29.08.2003 Münch Chemie-Labor GmbH
Viernheimer Str.
70-76
D 69469 Weinheim
Private limited
company
Main industrial sector
2059
Manufacture of other chemical products n.e.c.
4675
Wholesale of chemical products
46760
Wholesale of other intermediate goods
Payment experience: within agreed terms
Negative
information:We have no negative information at hand.
Balance sheet year: 2014
PMI: No significant / relevant
payment experience
information pertaining to the company
inquired upon is shown in the Deutscher
Debitoren Monitor (DDMonitor).
Type of ownership: Tenant
Address Viernheimer
Str. 70-76
D 69469 Weinheim
Land register documents were not available.
DEUTSCHE BANK PRIVAT UND GESCHÄFTSKUNDEN,
69442 WEINHEIM, BERGSTR
Sort. code: 67070024, Account no.: 586896300
BIC: DEUTDEDBMAN, IBAN: DE84670700240586896300
VOLKSBANK WEINHEIM, 69469 WEINHEIM, BERGSTR
Sort.
code: 67092300, Account no.: 1078801
BIC: GENODE61WNM, IBAN: DE40670923000001078801
SPARKASSE RHEIN NECKAR NORD, 68151 MANNHEIM
Sort. code: 67050505
BIC: MANSDE66XXX
Turnover: 2014 *EUR 7,323,000.00
Profit: 2013 EUR 250,231.00
2014
EUR 427,497.00
further business figures:
Equipment: *EUR
147,000.00
Ac/ts receivable: EUR 1,157,272.00
Liabilities: EUR
1,856,457.00
Employees:
26
The
business figures marked with an asterisk are estimates based
on
average values in the line of business.
Balance sheet ratios 1.01.2014 - 31.12.2014
Equity ratio [%]: 44.10
Liquidity ratio: 10.00
Return on total capital [%]: 7.49
Balance
sheet ratios 01.01.2013 -
31.12.2013
Equity ratio [%]: 42.56
Liquidity ratio: 1.91
Return on total capital [%]: 5.01
Balance sheet grade: 2.2
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 35.93
Liquidity ratio: 1.66
Return on total capital [%]: 4.77
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 35.41
Liquidity ratio: 1.14
Return on total capital [%]: 2.85
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.
Balance sheet grade
The balance sheet grade is based on the
following ratios: equity ratio, liquidity ratio and return on total capital
from the balance sheets published in the Federal Gazette. It is calculated in
accordance with the methodology of Euler Hermes. It ranges from 1.0 (positive) to
5.0 (negative).
Type
of balance sheet: Company
balance sheet
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2014 - 31.12.2014
ASSETS EUR 5,747,951.63
Fixed assets
EUR 809,171.50
Intangible assets
EUR 77,512.00
Tangible assets
EUR 730,159.50
Financial assets EUR 1,500.00
Current assets
EUR 4,666,392.53
Stocks
EUR 1,736,214.00
Accounts receivable
EUR 1,157,272.07
Liquid means
EUR 1,772,906.46
Remaining other assets
EUR 272,387.60
Accruals (assets)
EUR 78,756.60
Other assets
EUR 193,631.00
LIABILITIES EUR 5,747,951.63
Shareholders' equity
EUR 2,556,348.74
Capital
EUR 100,000.00
Subscribed capital (share capital)
EUR 100,000.00
Balance sheet profit/loss (+/-)
EUR 2,456,348.74
Profit / loss brought forward
EUR 2,028,851.98
Annual surplus / annual deficit
EUR 427,496.76
Provisions
EUR 1,335,146.00
Liabilities
EUR 1,856,456.89
Type
of balance sheet: Company
balance sheet
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2013 - 31.12.2013
ASSETS EUR 4,996,685.51
Fixed assets
EUR 751,537.50
Intangible assets
EUR 7,077.00
Tangible assets EUR 742,960.50
Financial assets
EUR 1,500.00
Current assets
EUR 3,986,963.79
Stocks
EUR 1,520,903.90
Accounts receivable
EUR 1,032,843.95
Liquid means
EUR 1,433,215.94
Remaining other assets
EUR 258,184.22
Accruals (assets)
EUR 52,217.22
Active
difference from asset
offsetting
EUR 205,967.00
LIABILITIES EUR 4,996,685.51
Shareholders' equity
EUR 2,128,851.98
Capital EUR 100,000.00
Subscribed capital (share capital)
EUR 100,000.00
Balance sheet profit/loss (+/-)
EUR 2,028,851.98
Profit / loss brought forward
EUR 1,778,621.21
Annual
surplus / annual deficit EUR 250,230.77
Provisions
EUR 892,668.00
Liabilities
EUR 1,975,165.53
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.48 |
|
|
1 |
Rs.101.06 |
|
Euro |
1 |
Rs.72.22 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.