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Report No. : |
351196 |
|
Report Date : |
24.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
TERROT GMBH |
|
|
|
|
Registered Office : |
Paul-Gruner-Str. 72b D 09120 Chemnitz |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
2000 |
|
|
|
|
Com. Reg. No.: |
HRB 22867 |
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|
|
|
Legal Form : |
Private limited company |
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|
|
|
Line of Business : |
·
Manufacture of machinery for textile, apparel
and leather production ·
Wholesale of machinery for the textile
industry and of sewing and knitting machines |
|
|
|
|
No. of Employee : |
213 |
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 |
|
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 |
TERROT
GMBH
Company Status: active
Paul-Gruner-Str. 72b
D 09120 Chemnitz
Telephone:0371/52010
Telefax: 0371/5201200
Homepage: www.terrot.de
E-mail: info@terrot.de
VAT
no.: DE211844303
Tax
ID number: 214/121/04290
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 2000
Shareholders'
agreement: 15.09.2000
Registered on: 14.06.2006
Commercial Register: Local court 09112 Chemnitz
under: HRB
22867
EUR 1,300,000.00
Shareholder:
Ilignus
Industriebeteiligungs GmbH
Staakener Str. 23
D 13581 Berlin
Legal form: Private
limited company
Share capital: EUR
37,500.00
Share: EUR 728,000.00
Registered on: 05.11.2013
Reg. data: 14057 Berlin,
HRB 153825 B
Shareholder:
Voltas Limited
Voitas House, "A" Block; Dr.
Babasaheb Ambedkar Road
IND 400033 Mumbai
Legal form: Other legal
form
Share: EUR 260,900.00
Shareholder:
SC-Kapitalbeteiligungsgesellschaft mbH
Bahnhofstr. 51
D 09111 Chemnitz
Post Box:
925
Legal form: Private
limited company
Share capital: EUR 7,669,400.00
Share: EUR 82,600.00
Registered on: 04.12.1998
Reg. data: 09112
Chemnitz, HRB 16253
Shareholder:
SIB Innovations-
und
Beteiligungsgesellschaft
mbH
Elsasser Str. 6
D 01307 Dresden
Legal form: Private
limited company
Share capital: EUR 1,938,600.00
Share: EUR 82,600.00
Registered on: 27.12.1999
Reg. data: 01069 Dresden,
HRB 17967
Shareholder:
BSV-Beteiligungsgesellschaft
der Sparkasse
Vogtland mbH
Dr.-Friedrichs-Str. 37
D 08606 Oelsnitz
Legal form: Private
limited company
Share capital: EUR
5,000,000.00
Share: EUR 82,600.00
Registered on: 09.10.1998
Reg. data: 09112
Chemnitz, HRB 16093
Shareholder:
Andreas Felix Paul von
Bismarck
Friedrich-Klausing-Str.
14
D 14469 Potsdam
born: 31.01.1979
Share: EUR 63,300.00
Manager:
Peter Schüring
Limastr. 26
D 14163 Berlin
having sole power of
representation
born: 22.03.1940
Profession: Management
expert
Marital status: married
Manager:
Andreas Felix Paul von
Bismarck
Friedrich-Klausing-Str.
14
D 14469 Potsdam
having sole power of
representation
born: 31.01.1979
Manager:
Thomas Mutschler
Im Engele 1
D 72351 Geislingen
having sole power of
representation
born: 05.07.1966
Proxy:
Hermann Schmodde
Hechinger Weg 8
D 72160 Horb
authorized to jointly
represent the company
born: 19.02.1952
Proxy:
Sönke Brecht
Am Eichenhof 38
D 09247 Chemnitz
authorized to jointly
represent the company
born: 06.12.1979
Further functions/participations of Peter
Schüring (Manager)
Limited partner:
Gut Baßdorf GmbH & Co. KG
Staakener Str. 23
D 13581 Berlin
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 306,775.14
contribution:
Share: EUR 102,258.38
Registered
on: 03.08.1999
Reg. data: 14057 Berlin, HRA 30087
Shareholder:
Gut Baßdorf
Verwaltungsgesellschaft mbH
Staakener Str. 23
D 13581 Berlin
Legal form: Private
limited company
Share capital: EUR 25,564.60
Share: EUR 12,782.30
Registered
on: 25.04.2001
Reg. data: 14057 Berlin, HRB 79818 B
Shareholder:
BTI Banking Technologies
GmbH
Staakener Str. 53-63
D 13581 Berlin
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 2,350.00
Registered
on: 20.10.2000
Reg. data: 14057 Berlin, HRB 77429 B
Manager:
Gut Baßdorf
Verwaltungsgesellschaft mbH
Staakener Str. 23
D 13581 Berlin
Legal form: Private
limited company
Share capital: EUR 25,564.60
Registered
on: 25.04.2001
Reg. data: 14057 Berlin, HRB 79818 B
Manager:
Matterhorn
Industriebeteiligungs GmbH
Staakener Str. 53-63
D 13581 Berlin
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 24.01.2000
Reg. data: 14057 Berlin, HRB 73775 B
Further functions/participations of Andreas
Felix Paul von
Bismarck (Manager)
Shareholder:
Ilignus
Industriebeteiligungs GmbH
Staakener Str. 23
D 13581 Berlin
Legal form: Private
limited company
Share capital: EUR 37,500.00
Share: EUR 37,500.00
Registered
on: 05.11.2013
Reg. data: 14057 Berlin, HRB 153825 B
Shareholder:
BTI Banking Technologies
GmbH
Staakener Str. 53-63
D 13581 Berlin
Legal form: Private limited company
Share capital: EUR 25,000.00
Share: EUR 2,300.00
Registered
on: 20.10.2000
Reg. data: 14057 Berlin, HRB 77429 B
Manager:
Ilignus
Industriebeteiligungs GmbH
Staakener Str. 23
D 13581 Berlin
Legal form: Private limited
company
Share capital: EUR 37,500.00
Registered
on: 05.11.2013
Reg. data: 14057 Berlin, HRB 153825 B
15.09.2000
- 21.04.2006 baled Zweiunddreissigste
Vermögensverwaltungs
GmbH
Matterhornstr. 44
D 14129 Berlin
Private limited
company
22.04.2006 - 13.06.2006 baled Zweiunddreissigste
Vermögensverwaltungs
GmbH (AG Berlin,
HRB 77430)
Staakener Str. 23
D 13581 Berlin
Private limited
company
Main industrial sector
2894
Manufacture of machinery for textile, apparel and leather
production
Secondary industrial sector
4664
Wholesale of machinery for the textile industry and of
sewing
and knitting machines
Payment experience: without complaints
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: proprietor
Share: 100.00 %
Address Paul-Gruner-Str. 72b
D 09120 Chemnitz
Type of real estate: office building
Size: 5,170.00 sq.m
Residential floor 6,840.00 sq.m
space/ Usable floor
space:
Real Estate of: Peter Schüring
Type of ownership: proprietor
Share: 100.00 %
Address Limastr. 26
D 14163 Berlin
Land register documents were not available.
SPARKASSE CHEMNITZ, 09009 CHEMNITZ, SACHS
Sort.
code: 87050000, Account no.: 3140005937
BIC: CHEKDE81XXX, IBAN: DE06870500003140005937
DEUTSCHE BANK, 09003 CHEMNITZ, SACHS
Sort. code: 87070000, Account no.: 199004300
BIC: DEUTDE8CXXX, IBAN: DE19870700000199004300
COMMERZBANK VORMALS DRESDNER BANK, 09008
CHEMNITZ, SACHS
Sort. code: 87080000, Account no.: 607705500
BIC: DRESDEFF870, IBAN: DE73870800000607705500
Turnover: 2013 EUR 35,070,109.00
2014 EUR 37,937,118.00
Expected turnover: EUR 38,000,000.00
Profit: 2013 EUR 1,030,641.00
2014 EUR 1,002,401.00
further business figures:
Equipment: EUR 522,698.00
Ac/ts receivable: EUR 5,155,237.00
Liabilities: EUR 8,199,814.00
Employees: 213
-
thereof permanent staff: 191
-
Trainees:
167
-
Temporary workers: 5
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 20.99
Liquidity ratio: 0.65
Return on total capital [%]: 5.55
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 24.98
Liquidity ratio: 0.79
Return on total capital [%]: 6.20
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 24.37
Liquidity ratio: 0.68
Return on total capital [%]: 2.20
Balance
sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 20.52
Liquidity ratio: 0.44
Return on total capital [%]: 4.87
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: self-disclosure
Financial year: 01.01.2014 - 31.12.2014
ASSETS EUR 18,285,308.15
Fixed assets
EUR 4,694,143.36
Intangible assets
EUR 647,463.27
Concessions, licences, rights
EUR 264,800.00
Goodwill
EUR 213,890.00
Advance payments for intang. assets
EUR 168,773.27
Tangible assets
EUR 3,422,508.41
Land / similar rights
EUR 690,786.41
Plant / machinery
EUR 2,209,024.00
Other tangible assets / fixtures and
fittings
EUR 522,698.00
Financial assets
EUR 624,171.68
Shares in participations /
subsidiaries and the like
EUR 624,171.68
Shares in related companies
EUR 624,171.68
Current assets
EUR 13,426,092.41
Stocks EUR 8,033,997.47
Raw materials, consumables and
supplies
EUR 3,680,900.00
Finished goods / work in progress
EUR 4,765,500.00
Advance payments made
EUR 361,642.27
Minus received advance payments for
orders / installments for stocks
EUR -774,044.80
Accounts receivable
EUR 5,155,237.49
Trade debtors
EUR 3,300,126.84
Amounts due from related companies
EUR 1,168,686.99
Other debtors and assets
EUR 686,423.66
Liquid means
EUR 236,857.45
Remaining other assets
EUR 165,072.38
Accruals (assets)
EUR 165,072.38
LIABILITIES EUR 18,285,308.15
Shareholders' equity
EUR 3,730,580.03
Capital EUR 1,300,000.00
Subscribed capital (share capital)
EUR 1,300,000.00
Balance sheet profit/loss (+/-)
EUR 2,430,580.03
Profit / loss brought forward
EUR 1,428,179.34
Annual surplus / annual deficit
EUR 1,002,400.69
Items between shareholders' equity and
debt capital
EUR 3,214,212.84
Allowances / bonuses
EUR 489,212.84
Mezzanine financing EUR 2,725,000.00
Contributions of silent partners
EUR 1,325,000.00
Subordinated loans
EUR 1,400,000.00
Provisions
EUR 3,022,298.17
Provisions for taxes
EUR 673,737.47
Other / unspecified provisions
EUR 2,348,560.70
Liabilities
EUR 8,199,813.73
Financial debts
EUR 6,205,983.97
Liabilities due to banks
EUR 6,205,983.97
Other liabilities
EUR 1,993,829.76
Trade creditors (for IAS incl. bills
of exchange)
EUR 1,395,154.73
Liabilities due to shareholders
EUR 32,076.24
Unspecified other liabilities
EUR 566,598.79
thereof liabilities from tax /
financial authorities
EUR 0.00
thereof liabilities from social
security EUR 0.00
Other liabilities
EUR 118,403.38
Deferrals (liabilities)
EUR 118,403.38
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales
EUR 37,937,117.65
Inventory change + own costs (+/-)
EUR 964,000.00
Inventory change (+/-)
EUR 964,000.00
Other operating income EUR 968,279.34
Cost of materials
EUR 23,082,149.40
Raw materials and supplies, purchased
goods
EUR 22,007,791.81
Purchased services
EUR 1,074,357.59
Gross result (+/-)
EUR 16,787,247.59
Staff expenses
EUR 8,501,649.61
Wages and salaries
EUR 7,181,971.46
Social security contributions and
expenses for pension plans and
benefits
EUR 1,319,678.15
Total depreciation
EUR 588,456.82
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 588,456.82
Other operating expenses
EUR 5,764,700.91
Operating result from continuing
operations
EUR 1,932,440.25
Interest result (+/-) EUR -408,358.40
Interest and similar income
EUR 124,626.28
Interest and similar expenses
EUR 532,984.68
Financial result (+/-)
EUR -408,358.40
Result from ordinary operations (+/-)
EUR 1,524,081.85
Income tax / refund of income tax (+/-)EUR -491,857.76
Other taxes / refund of taxes
EUR -29,823.40
Tax
(+/-)
EUR -521,681.16
Annual
surplus / annual deficit EUR 1,002,400.69
Type of balance
sheet: Company balance sheet
Origin of the present
balance sheet: self-disclosure
Financial year: 01.01.2013 - 31.12.2013
ASSETS EUR 16,865,521.14
Fixed assets
EUR 4,174,856.35
Intangible assets
EUR 524,849.32
Concessions, licences, rights
EUR 217,705.00
Goodwill
EUR 247,223.00
Advance payments for intang. assets
EUR 59,921.32
Tangible assets
EUR 3,545,970.41
Land / similar rights
EUR 709,710.41
Plant / machinery
EUR 2,331,432.00
Other tangible assets / fixtures and
fittings
EUR 493,383.00
Advance payments made / construction
in progress EUR 11,445.00
Financial assets
EUR 104,036.62
Shares in participations /
subsidiaries and the like
EUR 104,036.62
Shares in related companies
EUR 104,036.62
Current assets
EUR 12,527,764.37
Stocks
EUR 5,697,478.46
Raw materials, consumables and
supplies
EUR 3,673,100.00
Finished goods / work in progress
EUR 3,547,300.00
Minus received advance payments for
orders / installments for stocks
EUR -1,522,921.54
Accounts receivable
EUR 6,765,171.22
Trade debtors EUR 5,490,879.88
Amounts due from related companies
EUR 21,195.30
Other debtors and assets
EUR 1,253,096.04
Liquid means
EUR 65,114.69
Remaining other assets
EUR 162,900.42
Accruals (assets)
EUR 162,900.42
LIABILITIES EUR 16,865,521.14
Shareholders' equity
EUR 2,728,179.34
Capital EUR 1,300,000.00
Subscribed capital (share capital)
EUR 1,300,000.00
Balance sheet profit/loss (+/-)
EUR 1,428,179.34
Profit / loss brought forward
EUR 397,538.12
Annual surplus / annual deficit
EUR 1,030,641.22
Items between shareholders' equity and
debt capital
EUR 2,938,000.00
Allowances / bonuses
EUR 538,000.00
Mezzanine
financing EUR 2,400,000.00
Contributions of silent partners
EUR 1,000,000.00
Shareholder loans similar to capital EUR 1,400,000.00
Provisions
EUR 2,424,732.37
Provisions for taxes
EUR 327,543.00
Other / unspecified provisions
EUR 2,097,189.37
Liabilities
EUR 8,684,216.59
Financial debts
EUR 6,457,939.40
Liabilities due to banks
EUR 6,457,939.40
Other liabilities
EUR 2,226,277.19
Trade creditors (for IAS incl. bills
of exchange)
EUR 1,507,489.08
Liabilities due to shareholders
EUR 2,079.72
Unspecified other liabilities
EUR 716,708.39
thereof liabilities from tax /
financial authorities
EUR 0.00
thereof liabilities from social
security
EUR 1,608.44
Other liabilities
EUR 90,392.84
Deferrals (liabilities)
EUR 86,892.84
Deferred taxes (not included under
provisions/liabilities)
EUR 3,500.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales
EUR 35,070,109.33
Inventory change + own costs (+/-)
EUR 958,879.46
Inventory change (+/-)
EUR 949,900.00
Capitalised own costs
EUR 8,979.46
Other operating income
EUR 686,391.32
Cost of materials EUR 21,768,610.50
Raw materials and supplies, purchased
goods
EUR 20,895,391.82
Purchased services
EUR 873,218.68
Gross result (+/-) EUR
14,946,769.61
Staff expenses
EUR 7,948,567.67
Wages and salaries
EUR 6,728,202.96
Social security contributions and
expenses for pension plans and
benefits EUR 1,220,364.71
Total depreciation
EUR 438,598.73
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 438,598.73
Other operating expenses
EUR 4,633,954.84
Operating result from continuing
operations
EUR 1,925,648.37
Interest result (+/-)
EUR -407,758.22
Interest and similar income
EUR 69,349.84
Interest and similar expenses
EUR 477,108.06
Financial result (+/-)
EUR -407,758.22
Result from ordinary operations (+/-)
EUR 1,517,890.15
Income
tax / refund of income tax (+/-)EUR
-462,299.50
Other taxes / refund of taxes
EUR -24,949.43
Tax
(+/-)
EUR -487,248.93
Annual surplus / annual deficit
EUR 1,030,641.22
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.35 |
|
|
1 |
Rs.100.66 |
|
Euro |
1 |
Rs.70.47 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ANK |
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.