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Report No. : |
348404 |
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Report Date : |
10.11.2015 |
IDENTIFICATION DETAILS
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Name : |
RECYCLING
NETWORK GERMANY GMBH & CO. KG |
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|
|
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Registered Office : |
Außer Der Schleifmühle 46, D 28203 Bremen |
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Country : |
Germany |
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Financials (as on) : |
31.12.2013 |
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Year of Establishment : |
2002 |
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|
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Legal Form : |
Ltd
partnership with priv. ltd. company as general partner |
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|
|
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Line of Business : |
Recovery
of sorted materials |
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No. of Employee : |
15 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 |
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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 |
RECYCLING NETWORK GERMANY GMBH & CO. KG
Company Status: active
Außer der Schleifmühle 46
D 28203 Bremen
Telephone:0421/33863-0
Telefax:
0421/33863-33
Homepage: www.recyclink.de
E-mail:
info@recyclink.de
Business relations are permissible.
LEGAL FORM Ltd
partnership with priv. ltd. company as general partner
Date of foundation: 2002
Registered on: 31.07.2002
Register of
companies: Local
court 28195 Bremen
under: HRA
22848 HB
EUR
25,000.00
Eva Maria Lehmann-Becker
Parkallee 51
D 28209 Bremen
born: 05.11.1968
Share: EUR 25,000.00
Recycling Network Germany
GmbH
Außer der Schleifmühle 46
D 28203 Bremen
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered on: 18.07.2002
Reg. data: 28195 Bremen, HRB 20968 HB
Eva Maria
Lehmann-Becker
Parkallee 51
D 28209 Bremen
born: 05.11.1968
Share: EUR 25,000.00
Eva Maria Lehmann-Becker
Parkallee 51
D 28209 Bremen
having sole power of
representation
born: 05.11.1968
Further functions/participations of Recycling
Network Germany
GmbH (General partner)
Shareholder:
Recycling Network
International GmbH
Außer der Schleifmühle 46
D 28203 Bremen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 30.07.2004
Reg. data: 28195
Bremen, HRB 22269 HB
31.07.2002 - 07.07.2005 Recycling Network Germany GmbH & Co. KG
Parkallee 51
D 28209 Bremen
Ltd partnership with
priv. ltd. company
as general partner
07.07.2005 - 06.02.2013 Recycling Network Germany GmbH & Co. KG
Parkallee 5
D 28209 Bremen
Ltd partnership with
priv. ltd. company
as general partner
Main industrial sector
38320
Recovery of sorted materials
Payment experience: within periods customary in this trade
Negative information:We have no negative
information at hand.
Balance sheet year: 2013
PMI: No significant / relevant
payment experience
information pertaining to the company
inquired upon is shown in the Deutscher
Debitoren Monitor (DDMonitor).
Events Index: 1
At present, NO events are
known.
The Events Index
indicates if any particular
events have occurred,
such as e.g. a
relocation of registered office or a
change
within management. On the
basis of number,
relevance and
up-to-dateness of the events
an index value ranging
from 1 (no events) to
5 is calculated.
Companies showing a
particularly large number
of events receive
the index 6.
Type of ownership: Tenant
Address Außer
der Schleifmühle 46
D 28203 Bremen
Real Estate of: Recycling
Network Germany GmbH
Type of ownership: Tenant
Address Außer
der Schleifmühle 46
D 28203 Bremen
Land register documents were not available.
OLDENBURGISCHE LANDESBANK AG, 28844 WEYHE B
BREMEN
Sort. code: 29121731
BIC: OLBODEH2XXX
DEUTSCHE BANK PRIVAT UND GESCHÄFTSKUNDEN,
28189 BREMEN
Sort. code: 29070024
BIC: DEUTDEDBBRE
Turnover: 2014 *EUR 2,925,000.00
Profit: 2013 EUR -25,000.00
further business figures:
Equipment: *EUR 180,000.00
Ac/ts receivable: EUR 1,190,434.00
Liabilities: EUR 1,791,993.00
Employees:
15
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 [%]: -11.19
Liquidity ratio: 0.64
Return on total capital [%]: -1.51
Balance sheet grade: 4.4
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 0.98
Liquidity ratio: 0.69
Return on total capital [%]: 10.23
Balance sheet grade: 3.3
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 10.52
Liquidity ratio: 0.75
Return on total capital [%]: 29.30
Balance sheet grade: 2.8
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: 01.01.2013 - 31.12.2013
ASSETS EUR 1,857,993.27
Fixed assets
EUR 347,321.00
Intangible assets
EUR 35,833.00
Tangible assets
EUR 109,331.00
Financial assets
EUR 202,157.00
Current assets
EUR 1,376,537.01
Stocks EUR 180,000.00
Accounts receivable
EUR 1,190,434.27
Liquid means
EUR 6,102.74
Remaining other assets
EUR 134,135.26
Accruals (assets)
EUR 5,830.00
Deficit not covered by shareholders'
equity
EUR 128,305.26
LIABILITIES EUR 1,857,993.27
Shareholders' equity EUR 0.00
Capital
EUR 25,000.00
Limited partner's capital / capital
of partially liable partner (LP)
EUR 25,000.00
Limited partner's capital, fixed
capital, capital account I
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR -25,000.00
Annual surplus / annual deficit
EUR -25,000.00
Provisions
EUR 66,000.00
Liabilities
EUR 1,791,993.27
thereof total due to shareholders
EUR 15,908.96
Guarantees and other commitments
EUR 950,000.00
Guarantees / warranties
EUR 950,000.00
Type
of balance sheet: Company balance sheet
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 1,788,023.59
Fixed assets
EUR 322,342.00
Intangible assets
EUR 45,833.00
Tangible assets
EUR 122,935.00
Financial assets EUR 153,574.00
Other / unspecified financial assets EUR 153,574.00
Current assets
EUR 1,455,191.59
Stocks
EUR 223,000.00
Accounts receivable
EUR 1,107,000.43
Liquid means
EUR 125,191.16
Remaining other assets
EUR 10,490.00
Accruals (assets)
EUR 10,490.00
LIABILITIES EUR 1,788,023.59
Shareholders' equity
EUR 25,000.00
Capital
EUR 25,000.00
Limited partner's capital / capital
of partially liable partner (LP)
EUR 25,000.00
Provisions
EUR 16,000.00
Liabilities
EUR 1,747,023.59
thereof total due to shareholders
EUR 15,297.87
Other liabilities
EUR 0.00
Unspecified other liabilities
EUR 0.00
thereof liabilities from tax /
financial authorities
EUR 36,727.76
thereof liabilities from social
security
EUR 3,332.88
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.34 |
|
|
1 |
Rs.100.03 |
|
Euro |
1 |
Rs.71.45 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
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.