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Report No. : |
347364 |
|
Report Date : |
27.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
URACA GMBH & CO. KG |
|
|
|
|
Registered Office : |
Sirchinger Str. 15 D 72574 Bad Urach |
|
|
|
|
Country : |
Germany |
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|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
1893 |
|
|
|
|
Legal Form : |
Ltd partnership with priv. ltd. company
as general partner |
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|
|
|
Line of Business : |
·
Wholesale of other machinery, equipment
and supplies |
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|
|
|
No. of Employees : |
339 |
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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|
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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 |
URACA
GmbH & Co. KG
Sirchinger Str. 15
D 72574 Bad Urach
Telephone:07125/133-0
Telefax:
07125/133-202
Homepage: www.uraca.de
E-mail:
info@uraca.de
Active
DE141172920
89079/40530
Business relations are permissible.
LEGAL FORM Ltd
partnership with priv. ltd. company as
general partner
Date of foundation: 1893
Registered
on: 13.06.1922
Register of
companies: Local
court 70190 Stuttgart
under: HRA
360415
Total cap. contribution: EUR 3,579,042.45
Limited partner:
Maria Guberan
Am Kälberburren
D 72574 Bad Urach
born: 12.07.1932
Share: EUR 1,521,118.19
Limited partner:
Verena Dettinger-Müller
D 68723 Oftersheim
born: 28.11.1966
Share: EUR 760,546.68
Limited partner:
Cornelia Köhler
D 63739 Aschaffenburg
born: 22.03.1968
Share: EUR 760,546.67
Limited partner:
Gabriele Fleischer
D 45147 Essen
Share: EUR 536,830.91
General
partner:
URACA Geschäftsführungs
GmbH
Sirchinger Str. 15
D 72574 Bad Urach
Legal form: Private
limited company
Share capital: EUR
358,000.00
Registered on: 15.01.1976
Reg. data: 70190
Stuttgart, HRB 360121
Shareholder:
Maria Guberan
Am Kälberburren
D 72574 Bad Urach
born: 12.07.1932
Share: EUR 152,150.00
Shareholder:
Verena Dettinger-Müller
Cornelia Köhler
D 72574 Bad Urach
Legal form: Community of
heirs
Share: EUR 152,150.00
Shareholder:
Gabriele Fleischer
D 45147 Essen
Share: EUR 53,700.00
Manager:
Gunter Stör
D 72584 Hülben
born: 17.11.1962
Manager:
Claus Haubeil
Schnellenstr. 21
D 73770 Denkendorf
born: 23.12.1965
Proxy:
Robert Zimmermann
D 72574 Bad Urach
authorized to jointly
represent the company
born: 09.05.1964
Proxy:
Robert Zimmermann
D 72574 Bad Urach
authorized to jointly
represent the company
born: 09.05.1964
13.06.1922 - 11.12.2012 URACA
PUMPENFABRIK GmbH & Co.
Kommanditgesellschaft
Sirchinger Str. 15
D 72574 Bad Urach
Ltd partnership with priv.
ltd. company
as general partner
Sectors
28130
Manufacture of pumps and compressors n.e.c.
4669
Wholesale of other machinery, equipment and supplies
Payment experience: cash
discount/within agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2013
Type of ownership: proprietor
Share: 100.00 %
Address Sirchinger
Str. 15
D 72574 Bad Urach
Value at selling price: EUR 4,500,000.00
Real Estate of: URACA
Geschäftsführungs GmbH
Type of ownership: Tenant
Address Sirchinger
Str. 15
D 72574 Bad Urach
Land register documents were not available.
Principal bank
DEUTSCHE
BANK, 72704 REUTLINGEN
Sort. code: 64070085, Account no.: 123190
BIC: DEUTDESS640
Further banks
KREISSPARKASSE REUTLINGEN, 72574 BAD URACH
Sort. code: 64050000
BIC: SOLADES1REU
VOLKSBANK METZINGEN-BAD URACH, 72555
METZINGEN, WÜRTT
Sort. code: 64091200, Account no.: 31027008
BIC: GENODES1MTZ
KREISSPARKASSE REUTLINGEN, 72710 REUTLINGEN
Sort. code: 64050000, Account no.: 307552
BIC: SOLADES1REU
Turnover:
2013 EUR 58,334,749.00
2014 EUR 49,500,000.00
Profit: 2013 EUR 9,312,360.00
further business figures:
Equipment: EUR 2,099,434.00
Ac/ts receivable: EUR 7,742,092.00
Liabilities: EUR 31,446,394.00
Total numbers of vehicles: 25
- Lorries:
10
- Passenger cars: 11
Total value of vehicles: EUR 450,000.00
- Lorries: EUR 150,000.00
- Passenger cars: EUR 300,000.00
Employees:
339
- thereof permanent staff: 280
- Part-time employees: 15
- Trainees:
25
BALANCE SHEETS
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 79.21
Liquidity ratio: 10.00
Return on total capital [%]: 16.79
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 75.55
Liquidity ratio: 10.00
Return on total capital [%]: 20.37
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 75.29
Liquidity ratio: 10.00
Return
on total capital [%]: 21.09
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 74.71
Liquidity ratio: 10.00
Return on total capital [%]: 13.84
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 55,473,574.32
Fixed assets EUR 25,665,336.52
Intangible assets EUR 107,139.00
Concessions, licences, rights EUR 107,139.00
Tangible assets EUR 25,410,552.42
Land / similar rights EUR 15,353,858.81
Plant / machinery EUR 4,015,688.00
Other tangible assets / fixtures and
fittings EUR 2,099,434.00
Advance payments made / construction
in progress EUR 3,941,571.61
Financial assets EUR 147,645.10
Shares in participations /
subsidiaries and the like EUR 147,645.10
Shares in related companies EUR 140,145.10
Shares in investee companies EUR 7,500.00
Current assets EUR 29,751,646.36
Stocks EUR 10,905,113.22
Raw materials, consumables and
supplies EUR 1,369,782.46
Finished goods / work in progress EUR
9,522,744.00
Advance payments made EUR 12,586.76
Accounts receivable EUR 7,742,092.30
Trade debtors EUR 6,806,557.79
Amounts due from related companies EUR 62,497.19
Other debtors and assets EUR 873,037.32
Investments in current assets EUR 1,930,089.07
Liquid means EUR 9,174,351.77
Remaining other assets EUR 56,591.44
Accruals (assets) EUR 28,078.02
Active difference from asset
offsetting EUR 28,513.42
LIABILITIES EUR 55,473,574.32
Shareholders' equity EUR 20,000,000.00
Capital EUR 6,000,000.00
Capital of the fully liable partner
(LP, general partnership) EUR 92,349.60
Fixed capital / accounts, capital
account I EUR 92,349.60
Limited partner's capital / capital
of partially liable partner (LP) EUR 5,907,650.40
Limited partner's capital, fixed
capital, capital account I EUR 5,907,650.40
Reserves EUR 14,000,000.00
Reserves for business partnerships EUR
14,000,000.00
Provisions EUR 4,027,179.90
Pension provisions and comparable
provisions EUR 1,487,726.00
Provisions for taxes EUR 2,993.90
Other
/ unspecified provisions EUR 2,536,460.00
Liabilities EUR 31,446,394.42
Financial debts EUR 2,533,330.00
Liabilities due to banks EUR 2,533,330.00
Other liabilities EUR 28,913,064.42
Trade creditors (for IAS incl. bills
of exchange) EUR 2,640,837.75
Liabilities from received advance
payments EUR 1,834,340.38
Liabilities due to shareholders EUR 23,939,074.78
Liabilities due to investee
companiesEUR 2,559.90
Unspecified other liabilities EUR 496,251.61
thereof liabilities from tax /
financial authorities EUR 240,719.35
Guarantees and other commitments EUR 363,100.00
Discounted bills of exchange EUR 363,100.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 58,334,749.45
Inventory change + own costs (+/-) EUR
-2,627,085.00
Inventory change (+/-) EUR -2,627,085.00
Other operating income EUR 1,011,365.07
Cost of materials EUR 15,523,292.99
Raw materials and supplies, purchased
goods EUR 14,396,630.80
Purchased services EUR 1,126,662.19
Gross result (+/-) EUR 41,195,736.53
Staff expenses EUR 20,687,184.42
Wages and salaries EUR 17,470,727.03
Social security contributions and
expenses for pension plans and
benefits EUR 3,216,457.39
Total depreciation EUR 2,075,387.41
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 2,075,387.41
Other operating expenses EUR 6,246,664.79
Operating result from continuing
operations EUR 12,186,499.91
Interest result (+/-) EUR -1,132,304.30
Interest and similar income EUR 177,087.12
Interest and similar expenses EUR 1,309,391.42
thereof paid to related companies EUR 29,353.77
Other financial result EUR -30,900.00
Depreciation on financial assets and
marketable securities EUR 30,900.00
Financial result (+/-) EUR -1,163,204.30
Result from ordinary operations (+/-) EUR
11,023,295.61
Income tax / refund of income tax
(+/-)EUR -1,690,117.60
Other taxes / refund of taxes EUR -20,818.33
Tax (+/-) EUR -1,710,935.93
Annual surplus / annual deficit EUR 9,312,359.68
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 50,115,807.67
Fixed assets EUR 17,903,839.55
Intangible assets EUR 178,282.00
Concessions, licences, rights EUR
178,282.00
Tangible assets EUR 17,577,912.45
Land / similar rights EUR 4,841,403.81
Plant / machinery EUR 4,170,169.00
Other tangible assets / fixtures and
fittings EUR 1,664,086.00
Advance payments made / construction
in progress EUR 6,902,253.64
Financial assets EUR 147,645.10
Shares in participations /
subsidiaries and the like EUR 147,645.10
Shares in related companies EUR 140,145.10
Shares in investee companies EUR 7,500.00
Current
assets EUR 32,162,854.47
Stocks EUR 14,040,151.89
Raw materials, consumables and
supplies EUR 1,650,862.46
Finished goods / work in progress EUR
12,328,134.00
Advance payments made EUR 61,155.43
Accounts receivable EUR 5,339,738.47
Trade debtors EUR 4,013,394.88
Amounts due from related companies EUR 420,367.64
Other debtors and assets EUR 905,975.95
Investments in current assets EUR 2,013,369.38
Other investments EUR 2,013,369.38
Liquid means EUR 10,769,594.73
Remaining other assets EUR 49,113.65
Accruals (assets) EUR 49,113.65
LIABILITIES EUR 50,115,807.67
Shareholders' equity EUR 18,000,000.00
Capital EUR 5,000,000.00
Capital of the fully liable partner
(LP, general partnership) EUR 76,958.00
Fixed capital / accounts, capital
account I EUR 76,958.00
Limited partner's capital / capital
of partially liable partner (LP) EUR 4,923,042.00
Limited partner's capital, fixed
capital, capital account I EUR 4,923,042.00
Reserves EUR 13,000,000.00
Provisions EUR 4,335,613.17
Pension provisions and comparable
provisions EUR 1,540,943.00
Provisions for taxes EUR 12,743.90
Other / unspecified provisions EUR 2,781,926.27
Liabilities EUR 27,780,194.50
Financial debts EUR 3,146,664.00
Liabilities due to banks EUR 3,146,664.00
Other liabilities EUR 24,633,530.50
Trade creditors (for IAS incl. bills
of exchange) EUR 2,297,891.64
Liabilities from received advance
payments EUR 2,157,751.40
Liabilities due to shareholders EUR 19,860,036.93
Liabilities due to investee companiesEUR 2,559.90
Unspecified other liabilities EUR 315,290.63
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 53,519,443.49
Inventory change + own costs (+/-) EUR 2,490,595.88
Inventory change (+/-) EUR 2,432,123.00
Capitalised own costs EUR 58,472.88
Other operating income EUR 672,375.77
Cost of materials EUR 16,436,164.67
Raw materials and supplies, purchased
goods EUR 15,092,675.82
Purchased services EUR 1,343,488.85
Gross result (+/-) EUR 40,246,250.47
Staff expenses EUR 20,272,628.68
Wages and salaries EUR 17,077,493.79
Social security contributions and
expenses for pension plans and
benefits EUR 3,195,134.89
Total depreciation EUR 1,689,112.57
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 1,689,112.57
Other operating expenses EUR 5,848,024.31
Operating result from continuing
operations EUR 12,436,484.91
Result from participating interests
(+/-)
EUR 270,000.00
Expenses / income from participations
EUR 270,000.00
Income from related companies EUR 270,000.00
Interest result (+/-) EUR -1,114,362.97
Interest and similar income EUR 319,166.71
Interest and similar expenses EUR 1,433,529.68
Financial result (+/-) EUR -844,362.97
Result from ordinary operations (+/-) EUR
11,592,121.94
Extraordinary expenses EUR 1,495,989.71
Extraordinary result (+/-) EUR -1,495,989.71
Income tax / refund of income tax
(+/-)EUR -1,366,270.83
Other taxes / refund of taxes EUR -16,946.93
Tax (+/-) EUR -1,383,217.76
Annual surplus / annual deficit EUR 8,712,914.47
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.96 |
|
UK Pound |
1 |
Rs.99.55 |
|
Euro |
1 |
Rs.71.64 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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|
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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.