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Report No. : |
349936 |
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Report Date : |
20.11.2015 |
IDENTIFICATION DETAILS
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Name : |
TEXTILCHEMIE DR. PETRY GMBH |
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Registered Office : |
Ferdinand-Lassalle-Str. 57, D 72770
Reutlingen |
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|
|
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Country : |
Germany |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
19.11.1974 |
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Com. Reg. No.: |
HRB 351339 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
· Manufacture of other chemical products · Other research and experimental development on natural sciences and engineering |
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No. of Employees : |
50 |
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 |
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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 |
TEXTILCHEMIE DR. PETRY GMBH
Company Status: active
Ferdinand-Lassalle-Str. 57
D 72770 Reutlingen
Telephone:07121/95890
Telefax: 07121/95890-33
Homepage: www.drpetry.de
E-mail:
office@drpetry.de
VAT
no.: DE146483115
Business relations are permissible.
LEGAL FORM Private limited company
Date
of foundation: 19.11.1974
Shareholders'
agreement: 22.10.1976
Registered on: 02.03.1977
Commercial Register: Local court 70190
Stuttgart
under: HRB 351339
Share capital: EUR 400,000.00
Shareholder:
Dr. Friedrich Petry
Steinenbergstr. 44
D 72764 Reutlingen
born: 05.02.1972
Share: EUR 252,000.00
Shareholder:
Dr. Carolin Petry-Münch
D 72070 Tübingen
Share: EUR 54,000.00
Shareholder:
Constanze Dehnen
D 82319 Starnberg
Share: EUR 54,000.00
Shareholder:
Rudi Breier
D 72762 Reutlingen
Share: EUR 20,000.00
Shareholder:
Dr. Rolf Stöhr
D 72810 Gomaringen
Share: EUR 20,000.00
Manager:
Dr. Jörg Petry
Helenenweg 4
D 72764 Reutlingen
born: 23.10.1939
Profession: Fully
qualified chemist
Marital status: married
Manager:
Dr. Friedrich Petry
Steinenbergstr. 44
D 72764 Reutlingen
born: 05.02.1972
Marital status: married
Proxy:
Rudi Breier
D 72762 Reutlingen
having sole power of
representation
Proxy:
Dr. Rolf Stöhr
D 72810 Gomaringen
having sole power of
representation
Further functions/participations of Dr.
Friedrich Petry (Manager)
Shareholder:
brandoscope GmbH
Waldhäuser Str. 75
D 72076 Tübingen
Legal form: Private
limited company
Share capital: EUR 50,000.00
Share: EUR 31,500.00
Registered
on: 13.08.2008
Reg. data: 70190 Stuttgart, HRB 727067
Manager:
brandoscope GmbH
Waldhäuser Str. 75
D 72076 Tübingen
Legal form: Private
limited company
Share capital: EUR 50,000.00
Registered
on: 13.08.2008
Reg. data: 70190 Stuttgart, HRB 727067
19.11.1974 - 21.10.1976 Dr. Jörg Petry
D 72661 Grafenberg
Unregistered
commercial enterprise
22.10.1976 - 01.06.1979 Textilchemie Dr. Petry GmbH
D 72760
Reutlingen
Private limited
company
02.06.1979 - 31.12.1992 Textilchemie Dr. Petry GmbH
Albstr. 52
D 72764 Reutlingen
Private limited
company
Main industrial sector
2059
Manufacture of other chemical products n.e.c.
Secondary industrial sector
7219
Other research and experimental development on natural sciences and
engineering
Payment experience: within agreed terms
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).
Type of ownership: Tenant
Address Ferdinand-Lassalle-Str. 57
D 72770 Reutlingen
Land register documents were not available.
Principal bank
VOLKSBANK METZINGEN-BAD URACH, 72555
METZINGEN, WÜRTT
Sort. code: 64091200, Account no.: 260600008
BIC: GENODES1MTZ, IBAN: DE52640912000260600008
Turnover: 2014 *EUR 11,270,000.00
Profit: 2013 EUR 439,287.00
further business figures:
Equipment: *EUR 245,000.00
Ac/ts receivable: EUR 3,687,907.00
Liabilities: EUR 2,299,528.00
Total numbers of vehicles: 7
Employees:
50
-
Trainees:
1
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 [%]: 55.20
Liquidity ratio: 3.00
Return on total capital [%]: 5.11
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 54.66
Liquidity ratio: 2.29
Return on total capital [%]: 0.66
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 57.19
Liquidity ratio: 2.23
Return on total capital [%]: 3.56
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 55.60
Liquidity ratio: 2.48
Return on total capital [%]: 8.17
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
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2013 - 31.12.2013
ASSETS EUR 8,600,973.82
Fixed assets
EUR 1,554,739.99
Intangible assets
EUR 17,207.69
Tangible assets
EUR 447,628.65
Financial assets
EUR 1,089,903.65
Other / unspecified financial assets EUR 1,089,903.65
Current assets
EUR 7,044,831.25
Stocks
EUR 2,849,858.50
Accounts receivable
EUR 3,687,906.81
Liquid means
EUR 507,065.94
Remaining other assets
EUR 1,402.58
Accruals (assets)
EUR 1,402.58
LIABILITIES EUR 8,600,973.82
Shareholders' equity
EUR 4,189,824.13
Capital
EUR 400,000.00
Subscribed capital (share capital)
EUR 400,000.00
Reserves
EUR 360,256.00
Capital reserves
EUR 360,256.00
Balance sheet profit/loss (+/-)
EUR 3,429,568.13
Balance sheet profit / loss
EUR 3,429,568.13
Provisions
EUR 2,111,622.00
Liabilities
EUR 2,299,527.69
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross
result (+/-) EUR 6,377,874.91
Staff expenses
EUR 3,111,152.96
Wages and salaries
EUR 2,623,643.59
Social security contributions and
expenses for pension plans and
benefits
EUR 487,509.37
Total depreciation
EUR 107,535.39
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 107,535.39
Other operating expenses
EUR 2,822,240.05
Operating result from continuing
operations
EUR 336,946.51
Result from participating interests
(+/-) EUR 406,372.00
Expenses / income from participations EUR 406,372.00
Income from related companies
EUR 406,372.00
Interest result (+/-)
EUR -113,889.17
Interest and similar income
EUR 10,180.92
thereof from related companies
EUR 6,426.33
Interest and similar expenses
EUR 124,070.09
Financial result (+/-)
EUR 292,482.83
Result from ordinary operations (+/-)
EUR 629,429.34
Income tax / refund of income tax (+/-)EUR -187,751.55
Other taxes / refund of taxes
EUR -2,390.76
Tax
(+/-) EUR -190,142.31
Annual surplus / annual deficit
EUR 439,287.03
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 8,689,717.87
Fixed assets
EUR 1,225,344.03
Intangible assets
EUR 8,655.69
Concessions, licences, rights
EUR 8,655.69
Tangible assets
EUR 476,784.69
Land / similar rights
EUR 131,063.12
Plant / machinery
EUR 131,839.64
Other tangible assets / fixtures and
fittings
EUR 213,881.93
Financial assets
EUR 739,903.65
Shares in participations /
subsidiaries and the like
EUR 739,903.65
Shares in related companies EUR 739,903.65
Current assets
EUR 7,463,353.32
Stocks
EUR 3,148,454.00
Accounts receivable
EUR 4,001,176.33
Amounts due from related companies
EUR 1,676,459.16
Other debtors and assets
EUR 2,324,717.17
Liquid means
EUR 313,722.99
Remaining other assets
EUR 1,020.52
Accruals (assets)
EUR 1,020.52
LIABILITIES EUR 8,689,717.87
Shareholders' equity
EUR 3,750,537.10
Capital EUR 400,000.00
Subscribed capital (share capital)
EUR 400,000.00
Reserves
EUR 360,256.00
Capital reserves
EUR 360,256.00
Balance sheet profit/loss (+/-)
EUR 2,990,281.10
Balance sheet profit / loss
EUR 2,990,281.10
Provisions
EUR 1,878,784.00
Liabilities
EUR 3,060,396.77
Financial debts
EUR 823,058.73
Liabilities due to banks
EUR 823,058.73
Other liabilities
EUR 2,237,338.04
Trade creditors (for IAS incl. bills
of exchange) EUR 1,164,000.00
Liabilities due to shareholders
EUR 999,000.00
Unspecified other liabilities
EUR 74,338.04
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 6,662,901.39
Staff expenses
EUR 3,171,755.26
Wages and salaries
EUR 2,469,487.17
Social security contributions and
expenses for pension plans and
benefits
EUR 702,268.09
Total depreciation
EUR 107,844.62
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 107,844.62
Other operating expenses
EUR 3,105,454.32
Operating result from continuing
operations
EUR 277,847.19
Result from participating interests
(+/-) EUR 130.00
Expenses / income from participations EUR 130.00
Income from related companies
EUR 130.00
Interest result (+/-)
EUR -119,790.89
Interest and similar income
EUR 3,558.05
Interest and similar expenses
EUR 123,348.94
Financial result (+/-)
EUR -119,660.89
Result from ordinary operations (+/-)
EUR 158,186.30
Income tax / refund of income tax (+/-)EUR -98,770.06
Other taxes / refund of taxes
EUR -2,030.06
Tax
(+/-)
EUR -100,800.12
Annual surplus / annual deficit
EUR 57,386.18
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.11 |
|
|
1 |
Rs.101.03 |
|
Euro |
1 |
Rs.70.77 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
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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 |
|
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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 |
|
|
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 |
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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.