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Report No. : |
346211 |
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Report Date : |
26.10.2015 |
IDENTIFICATION DETAILS
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Name : |
PAOLOSANDRO AG |
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Registered Office : |
Georg-Wiesböck-Ring 10, D 83115 Neubeuern |
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Country : |
Germany |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
03.05.2001 |
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Com. Reg. No.: |
HRB 13725 |
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Legal Form : |
Public limited company |
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Line of Business : |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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) |
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Germany |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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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.
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Source
: CIA |
PAOLOSANDRO
AG
Georg-Wiesböck-Ring
10
D 83115
Neubeuern
Telephone:08035/9830
Telefax: 08035/983130
Homepage: www.paolosandro.com
E-mail: contact@paolosandro.com
Active
DE813282300
156/120/13044
Business relations are permissible.
LEGAL FORM Public
limited company
Date of foundation: 03.05.2001
Begin of business
activities: 17.09.2001
Registered on: 28.06.2001
Commercial Register: Local court 83278 Traunstein
under: HRB
13725
Share capital: EUR 300,000.00
Member of the Board of Directors:
Manfred Wirth
Förchenbachweg 5
D 83098 Brannenburg
born: 16.11.1943
Profession: Tax adviser
Member of the Board of Directors:
Marie Sevil Schein
D 83115 Neubeuern
born: 20.02.1973
President of the Supervisory Board:
Leo Schein
D 83115 Neubeuern
Marital status: unknown
Member of the Supervisory Board:
Yasar Catal
D 83022 Rosenheim
Marital status: unknown
Member of the Supervisory Board:
Sandro Sahin
D 83115 Neubeuern
Marital status: unknown
Further functions/participations of Manfred
Wirth (Member of the Board of Directors)
Shareholder:
GermanBags GmbH
Gießereistr. 6-8
D 83022 Rosenheim
Legal form: Private
limited company
Share capital: EUR 80,500.00
Share: EUR 18,750.00
Registered
on: 14.01.2009
Reg. data: 83278 Traunstein, HRB 18795
01.02.2006 - 13.11.2014 Member
of the Supervisory Board
Sevil Sahin
D 83083 Riedering
01.02.2006 - 13.11.2014 Member
of the Supervisory Board
Ernst Johann Schneider
D 81673 München
Main industrial sector
2222
Manufacture of plastic packing goods
46186 Agents involved in the sale of paperboard, paper,
stationery, office supplies, giftware, advertising goods,
packings and wallpaper
Payment
experience: cash discount/within agreed terms
Negative
information: We have no negative
information at hand.
PMI: No
significant / relevant payment experience
information pertaining to the company
inquired upon is shown in the Deutscher
Debitoren Monitor (DDMonitor).
Balance sheet year: 2014
Type of ownership: Tenant
Address Georg-Wiesböck-Ring
10
D 83115 Neubeuern
Land register documents were not available.
Principal bank
SPARKASSE ROSENHEIM-BAD AIBLING, 83004 ROSENHEIM,
OBERBAY
Sort. code: 71150000
BIC: BYLADEM1ROS
Further banks
SPARKASSE ROSENHEIM-BAD AIBLING, 83115
NEUBEUERN
Sort. code: 71150000, Account no.: 57836
BIC: BYLADEM1ROS, IBAN: DE10711500000000057836
DEUTSCHE BANK, 83012 ROSENHEIM, OBERBAY
Sort. code: 70070010, Account no.: 180715500
BIC: DEUTDEMMXXX, IBAN: DE09700700100180715500
COMMERZBANK VORMALS DRESDNER BANK, 83011
ROSENHEIM, OBERBAY
Sort. code: 71180005, Account no.: 242515400
BIC: DRESDEFF711, IBAN: DE71711800050242515400
UNICREDIT BANK - HYPOVEREINSBANK, 85551
KIRCHHEIM B. MÜNCHEN
Sort. code: 70020270
BIC: HYVEDEMMXXX
Profit: 2013 EUR 43,108.00
2014 EUR 77,244.00
further business figures:
Ac/ts receivable: EUR 738,227.00
Liabilities: EUR 836,349.00
The number of employees is not known.
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 29.06
Liquidity ratio: 3.91
Return on total capital [%]: 4.17
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 20.82
Liquidity ratio: 1.69
Return on total capital [%]: 1.95
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 26.81
Liquidity ratio: 1.05
Return on total capital [%]: 1.71
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 28.50
Liquidity ratio: 1.15
Return on total capital [%]: -7.02
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.
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.
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: 01.01.2014
- 31.12.2014
ASSETS EUR 1,853,026.00
Fixed assets EUR 338,023.00
Tangible assets EUR 71,550.00
Financial assets EUR 266,473.00
Other / unspecified
financial assets EUR
266,473.00
Current assets EUR 1,515,003.00
Stocks EUR 129,337.00
Accounts receivable EUR 738,227.00
Liquid means EUR 647,439.00
LIABILITIES EUR 1,853,026.00
Shareholders' equity EUR 538,453.00
Capital EUR 300,000.00
Subscribed capital
(share capital) EUR 300,000.00
Balance sheet profit/loss
(+/-) EUR 238,453.00
Profit / loss brought
forward EUR 161,209.00
Annual surplus / annual
deficit EUR 77,244.00
Provisions EUR 478,224.00
Liabilities EUR 836,349.00
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 2,215,502.00
Fixed assets EUR 350,289.00
Financial assets EUR 266,760.00
Other / unspecified
financial assets EUR
266,760.00
Other / unspecified items
within fixed
assets EUR 83,529.00
Current assets EUR 1,865,213.00
Stocks EUR 138,903.00
Accounts receivable EUR 924,557.00
Liquid means EUR 801,753.00
LIABILITIES EUR 2,215,502.00
Shareholders' equity EUR 461,219.00
Capital EUR 300,000.00
Subscribed capital
(share capital) EUR 300,000.00
Balance sheet profit/loss
(+/-) EUR 161,219.00
Profit / loss brought
forward EUR 118,111.00
Annual surplus / annual
deficit EUR 43,108.00
Provisions EUR 405,993.00
Liabilities EUR 1,348,300.00
Difference assets /
liabilities EUR -10.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.88 |
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|
1 |
Rs.99.88 |
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Euro |
1 |
Rs.72.06 |
INFORMATION DETAILS
|
Analysis Done by
: |
RSM |
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Report Prepared
by : |
DPT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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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 |
|
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41-55 |
Ba |
Overall
operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<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.