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Report No. : |
342900 |
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Report Date : |
02.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
PENKO GMBH |
|
|
|
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Registered Office : |
Schöne Aussicht 21 D 65527 Niedernhausen |
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Country : |
Germany |
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|
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
30.09.2004 |
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Legal Form : |
Private limited company |
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Line of Business : |
·
Other retail sale in non-specialized
stores ·
Business and other management
consultancy activities ·
Media representation services |
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|
|
No. of Employees : |
5 |
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 |
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Status : |
Satisfactory |
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|
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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 |
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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 |
Penko
GmbH
Schöne Aussicht 21
D 65527 Niedernhausen
Telephone:06127/991290
Telefax:
06127/9912929
Homepage: www.penko.net
E-mail:
info@penko.net
Active
DE814183879
Business relations are permissible.
LEGAL
FORM Private limited company
Date of foundation: 30.09.2004
Shareholders'
agreement: 30.09.2004
Registered on: 28.10.2004
Commercial Register: Local court 65189 Wiesbaden
under: HRB
21453
Share capital: EUR 25,000.00
Shareholder:
Zeljko Nikic
Oranienstr. 74
D 65527 Niedernhausen
born: 07.07.1960
Share: EUR 25,000.00
Manager:
Zeljko Nikic
Oranienstr. 74
D 65527 Niedernhausen
born: 07.07.1960
30.09.2004 - 29.10.2007 Penko
GmbH
Oranienstr. 74
D 65527 Niedernhausen
Private
limited company
Main industrial sector
4719
Other retail sale in non-specialized stores
70220
Business and other management consultancy activities
73120
Media representation services
Payment experience: cash
discount/within agreed terms
Negative information: We have no negative information at hand.
Balance
sheet year: 2013
Type of ownership: Tenant
Address Schöne
Aussicht 21
D 65527 Niedernhausen
Land register documents were not available.
VR
BANK UNTERTAUNUS IDSTEIN, 65527 NIEDERNHAUSEN, TAUNUS
Sort. code: 51091700
BIC: VRBUDE51XXX
Turnover: 2014 *EUR 658,000.00
Profit: 2013 EUR 143,886.00
further business figures:
Equipment:
*EUR 40,000.00
Ac/ts receivable: EUR 140,418.00
Liabilities: EUR 52,295.00
Employees:
5
The
business figures marked with an asterisk are estimates based on average values
in the line of business.
BALANCE SHEETS
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 78.27
Liquidity ratio: 10.00
Return on total capital [%]: 12.69
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 76.49
Liquidity ratio: 10.00
Return on total capital [%]: 24.51
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 70.23
Liquidity ratio: 10.00
Return on total capital [%]: 18.90
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 67.93
Liquidity ratio: 10.00
Return on total capital [%]: 21.94
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 1,134,573.44
Fixed assets EUR 66,622.00
Intangible assets EUR 1,196.00
Tangible assets EUR 65,426.00
Current assets EUR
1,056,688.26
Stocks EUR 334,865.95
Accounts receivable EUR 140,417.99
Liquid means EUR 581,404.32
Remaining other assets EUR 11,263.18
Accruals (assets) EUR 11,263.18
LIABILITIES EUR 1,134,573.44
Shareholders' equity EUR 888,137.69
Capital
EUR 25,000.00
Subscribed capital (share capital) EUR 25,000.00
Balance sheet profit/loss (+/-) EUR 863,137.69
Profit / loss brought forward EUR 719,251.98
Annual surplus / annual deficit
EUR 143,885.71
Provisions EUR 194,140.98
Liabilities EUR 52,294.77
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 972,685.64
Fixed assets EUR 42,267.00
Intangible assets EUR 2,472.00
Tangible assets EUR 39,795.00
Current assets EUR 905,543.94
Stocks EUR 298,202.01
Accounts receivable EUR 142,587.15
Liquid means EUR 464,754.78
Remaining other assets EUR 24,874.70
Accruals (assets) EUR 24,874.70
LIABILITIES EUR 972,685.64
Shareholders' equity EUR 744,251.98
Capital EUR 25,000.00
Subscribed capital (share capital) EUR 25,000.00
Balance sheet profit/loss (+/-) EUR 719,251.98
Profit / loss brought forward EUR 481,196.67
Annual surplus / annual deficit EUR 238,055.31
Provisions EUR 178,732.31
Liabilities EUR 49,701.35
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.55 |
|
UK Pound |
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.73.08 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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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 |
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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 |
|
|
-- |
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.