MIRA INFORM REPORT
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Report No. : |
349716 |
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Report Date : |
25.11.2015 |
IDENTIFICATION DETAILS
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Name : |
PLUEMAT MASCHINENBAU VERTRIEBSGESELLSCHAFT
MBH |
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|
|
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Registered Office : |
Dr.-Max-Ilgner-Str. 19, 32339 Espelkamp |
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Country : |
Germany |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
01.01.1971 |
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Legal Form : |
Limited liability company - GmbH |
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Line of Business : |
Wholesale of other machinery and equipment |
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No. of Employee : |
26 (2013) |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
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 |
|
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 |
Summary
Company name Pluemat
Maschinenbau Vertriebsgesellschaft MBH
Operative address Dr.-Max-Ilgner-Str.
19
32339 Espelkamp
Germany
Legal form Limited
liability company - GmbH
Registration number Trade register
number: HRB 9354 (Bad Oeynhausen)
Trade register number: HRB
9354 (Bad Oeynhausen)
VAT-number DE125751695
|
Year |
2013 |
Mutation |
2012 |
Mutation |
2011 |
|
Fixed assets |
17.848 |
-22,80 |
23.120 |
-31,18 |
33.595 |
|
Total equity |
964.053 |
-25,30 |
1.290.570 |
-64,23 |
3.608.358 |
|
Short term liabilities |
6.721.512 |
34,24 |
5.006.986 |
56,24 |
3.204.629 |
|
Net result |
|
100,00 |
-1.317.787 |
-288,30 |
699.843 |
|
Working capital |
1.596.768 |
-19,04 |
1.972.240 |
-52,64 |
4.163.955 |
|
Quick ratio |
1,24 |
-10,79 |
1,39 |
-39,57 |
2,30 |
Contact
information
Company name Pluemat
Maschinenbau Vertriebsgesellschaft MBH
Operative address Dr.-Max-Ilgner-Str.
19
32339 Espelkamp
Germany
Correspondence address Dr.-Max-Ilgner-Str.
19
32339 Espelkamp
Germany
Telephone number +49 5772 91020
Fax number +49 5772 5281
Email address info@pluemat.de
Website www.pluemat.de
Registration
Registration number Trade register
number: HRB 9354 (Bad Oeynhausen)
Trade register
number: HRB 9354 (Bad Oeynhausen)
VAT-number DE125751695
Status Active
Establishment date 1971-01-01
Legal form Limited
liability company - GmbH
Subscribed share capital EUR 30.000
Activities
NACE 4669: Wholesale
of other machinery and equipment
Relations
Shareholders Name: MR FRANK
LUEBECK
Address: Am Alten Friedhof
11
City: PETERSHAGEN
Country: DE
Type: One or more named
individuals or families
Share direct: 50.00%
Name: MR SVEN-DAVID PLATE
Address: Am Buchhuegel 11
City: ESPELKAMP
Country: DE
Type: One or more named
individuals or families
Share direct: 50.00%
Bank
details
Accounts Volksbank
Lübbecker Land eG
Deutsche Bank AG
Management
Management Fullname: Ms
Eva Ringleb
Type: Individual
Gender: Female
date of birth: 1971
Age: 44
Address: Nordplatz 2,
04105, Leipzig, GERMANY
Number of involvements: 1
Function: Authorised
Signatory
Level of responsibility:
Proxyholders
Fullname: Mr Frank Luebeck
Type: Individual
Gender: Male
date of birth: 1966
Age: 49
Country of nationality:
GERMANY
Address: Am Alten Friedhof
11, 32469, Petershagen, GERMANY
Country: GERMANY
Number of involvements: 5
Function: Chief Executive
Officer
Level of responsibility:
Highest executive
Fullname: Mr Sven-David
Plate
Type: Individual
Gender: Male
date of birth: 1970
Age: 45
Country of nationality:
GERMANY
Address: Am Buchhügel 11,
32339, Espelkamp, GERMANY
Country: GERMANY
Number of involvements: 5
Function: Chief Executive
Officer
Level of responsibility:
Highest executive
Fullname: Ms Anja Luhede
Type: Individual
Gender: Female
Number of involvements: 2
Function: Executive
Marketing/Advertising
Level of responsibility: Marketing executive
Employees
Year 2013
2012 2011 2010 2009
Total 26
26 27 30 27
Financial
analysis
Trend Fluctuating
Profitability Negative
Solvability Limited
Liquidity Sufficient
Show amount in Euro
Key
figures
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Quick ratio |
1,24 |
1,39 |
2,30 |
1,67 |
1,44 |
|
Current ratio |
1,24 |
1,39 |
2,30 |
1,67 |
1,44 |
|
Working
capital/ balance total |
0,19 |
0,28 |
0,56 |
0,40 |
0,30 |
|
Equity / balance
total |
0,12 |
0,18 |
0,49 |
0,34 |
0,26 |
|
Equity / Fixed
assets |
54,01 |
55,82 |
107,41 |
41,27 |
16,43 |
|
Working capital |
1.596.768 |
1.972.240 |
4.163.955 |
3.398.928 |
2.736.200 |
|
Equity |
964.053 |
1.290.570 |
3.608.358 |
2.908.515 |
2.368.283 |
|
Mutation equity |
-25,30 |
-64,23 |
24,06 |
22,81 |
|
|
Mutation short term
liabilities |
34,24 |
56,24 |
-36,73 |
-19,15 |
|
|
Return on total
assets (ROA) |
|
-19,89 |
13,15 |
11,62 |
8,81 |
|
Return on equity
(ROE) |
|
-107,94 |
26,97 |
34,09 |
34,04 |
|
Operating result |
|
-1.431.121 |
890.723 |
905.225 |
768.800 |
|
Net result after
taxes |
|
-1.317.787 |
699.843 |
540.232 |
660.190 |
|
Cashflow |
|
-1.304.628 |
743.480 |
617.825 |
877.316 |
|
Gross profit |
|
347.789 |
2.877.725 |
2.796.478 |
2.746.939 |
|
EBITDA |
|
-1.417.961 |
934.361 |
982.817 |
985.926 |
Summary The 2013
financial result structure is a postive working captial of 1.596.768 euro, which
is in agreement with 19 % of the total assets of the company. The working
capital has diminished with -19.04 % compared to previous year. The ratio, with
respect to the total assets of the company has however, declined. The
deterioration between 2012 and 2013 has mainly been caused by an increase of
the current liabilities. The current ratio of the company in 2013 was 1.24.
When the current ratio is below 1.5, the company may have problems meeting its
short-term obligations. The quick ratio in 2013 of the company was 1.24. A
company with a Quick Ratio of more than 1 can currently pay back its current
liabilities. The 2012 financial result structure is a postive working captial
of 1.972.240 euro, which is in agreement with 28 % of the total assets of the
company. The working capital has diminished with -52.64 % compared to previous
year. The ratio, with respect to the total assets of the company has however,
declined. The deterioration between 2011 and 2012 has mainly been caused by an
increase of the current liabilities. The current ratio of the company in 2012
was 1.39. When the current ratio is below 1.5, the company may have problems
meeting its short-term obligations. The quick ratio in 2012 of the company was
1.39. A company with a Quick Ratio of more than 1 can currently pay back its
current liabilities.
Financial
statement
Auditor Name:
Vereinigte Treuhand GmbH, Löhne
date:
2007-12-31
Last annual account 2013
Remark annual account The company is
obliged to file its financial statements.
Type of annual account Corporate
Annual account Pluemat
Maschinenbau Vertriebsgesellschaft MBH
Dr.-Max-Ilgner-Str. 19
32339 Espelkamp
Germany
Balance
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
End date |
2013-12-31 |
2012-12-31 |
2011-12-31 |
2010-12-31 |
2009-12-31 |
|
Intangible
fixed assets |
2.224 |
6.693 |
12.618 |
34.496 |
56.374 |
|
Tangible fixed assets |
15.624 |
16.427 |
20.977 |
35.986 |
87.809 |
|
Fixed assets |
17.848 |
23.120 |
33.595 |
70.482 |
144.183 |
|
Liquid funds |
1.743.328 |
496.123 |
2.465.960 |
583.019 |
3.131.018 |
|
Other current assets |
6.574.952 |
6.483.103 |
4.902.624 |
7.881.184 |
5.869.851 |
|
Current assets |
8.318.280 |
6.979.226 |
7.368.584 |
8.464.203 |
9.000.869 |
|
Total assets |
8.336.128 |
7.002.346 |
7.402.179 |
8.534.685 |
9.145.052 |
|
Total equity |
964.053 |
1.290.570 |
3.608.358 |
2.908.515 |
2.368.283 |
|
Provisions |
650.563 |
704.789 |
589.192 |
560.896 |
512.100 |
|
Other short term
liabilities |
6.721.512 |
5.006.986 |
3.204.629 |
5.065.275 |
6.264.669 |
|
Short term liabilities |
6.721.512 |
5.006.986 |
3.204.629 |
5.065.275 |
6.264.669 |
|
Total liabilities |
8.336.128 |
7.002.346 |
7.402.179 |
8.534.685 |
9.145.052 |
Summary The total assets
of the company increased with 19.05 % between 2012 and 2013. Despite the assets
growth, the non current assets decreased with -22.8 %. In 2013 the assets of
the company were 0.21 % composed of fixed assets and 99.79 % by current assets.
The assets are being financed by an equity of 11.56 %, and total debt of 88.44
%. The total assets of the company decreased with -5.4 % between 2011 and 2012.
This downturn is mainly retrievable in the fixed asset decrease of -31.18 %. In
2012 the assets of the company were 0.33 % composed of fixed assets and 99.67 %
by current assets. The assets are being financed by an equity of 18.43 %, and
total debt of 81.57 %.
Profit
and loss
|
Year |
2012 |
2011 |
2010 |
2009 |
|
Wages and salaries |
1.709.272 |
1.839.152 |
1.714.752 |
1.673.865 |
|
Amorization
and depreciation |
13.160 |
43.637 |
77.593 |
217.125 |
|
Operating result |
-1.431.121 |
890.723 |
905.225 |
768.800 |
|
Financial income |
56.478 |
104.213 |
116.617 |
87.148 |
|
Financial expenses |
18.339 |
21.586 |
30.250 |
49.875 |
|
Financial result |
38.139 |
82.627 |
86.368 |
37.273 |
|
Result on ordinary
operations before taxes |
-1.392.982 |
973.351 |
991.592 |
806.073 |
|
Taxation on the
result of ordinary
activities |
-75.195 |
273.508 |
433.652 |
145.883 |
|
Result of ordinary activities
after taxes |
-1.317.787 |
699.843 |
557.940 |
660.190 |
|
Extraordinary
income |
45.807 |
268.663 |
|
|
|
Extraordinary
expense |
45.807 |
268.663 |
17.708 |
|
|
Extraordinary
result before taxation |
|
|
-17.708 |
|
|
Net result |
-1.317.787 |
699.843 |
540.232 |
660.190 |
Summary The operating
result of the company declined with -260.67 % between 2011 and 2012. This
evolution implies an decrease of the company's economic profitability. The result
of these changes is a reduction of the company's Economic Profitability of
-251.25 % of the analysed period, being equal to -19.89 in the year 2012. The
Net Result of the company decreased by -288.3 % between 2011 and 2012. The
company's Financial Profitability has been negatively affected by the financial
activities in comparison to the EBITs behaviour. The result of these variations
is a profitability reduction of -500.22 % of the analysed period, being -107.94
in the year 2012. The company's financial profitability has been positively
affected by its financial structure.
Publications
Remarks Status: Active
Category: Medium sized
company
Last year: 2013
TOTAL assets last year:
8.336.128 EUR
Number of employees: 26
Number of shareholders: 2
Number of subsidiaries: 0
Number of branches: 0
History Previous name:
Pluemat Maschinenbau Vertriebsgesellschaft Mbh
Name change date:
2004/01/07
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.38 |
|
|
1 |
Rs.100.45 |
|
Euro |
1 |
Rs.70.55 |
INFORMATION DETAILS
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Analysis Done by
: |
KIN |
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Report Prepared
by : |
TRU |
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.