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Report No. : |
340718 |
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Report Date : |
16.09.2015 |
IDENTIFICATION DETAILS
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Name : |
PRESSTRADE GMBH |
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Registered Office : |
Oststr.
1 D 77694 Kehl Post Box: 15 63 |
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Country : |
Germany |
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Financials (as on) : |
31.12.2013 |
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Year of Establishment : |
1992 |
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Com. Reg. No.: |
HRB 371178 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
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No. of Employees : |
3 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small Company |
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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 |
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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.
|
Source
: CIA |
PRESSTRADE
GMBH
Oststr. 1
D 77694 Kehl
Post Box:
15 63
Telephone:07851/9376-0
Telefax:
07851/9376-76
Homepage: www.presstrade.com
-mail:
newmaschinery@presstrade.com
Active
DE142218370
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1992
Shareholders'
agreement: 13.03.1992
Registered on: 03.07.1992
Commercial Register: Local court 79098 Freiburg
under: HRB
371178
Share capital: EUR 350,000.00
Shareholder:
PT Holding GmbH
Oststr. 1
D 77694 Kehl
Legal form: Private limited company
Share capital: EUR 25,000.00
Share: EUR 350,000.00
Registered on: 16.06.2006
Reg. data: 79098
Freiburg, HRB 700125
Manager:
Peter Franz Bierhalter
CH Rheinfelden
having sole power of
representation
born: 30.06.1964
Nationality: Swiss
Proxy:
Markus Bierhalter
D 77694 Kehl
having sole power of
representation
born: 22.08.1970
Further functions/participations of Peter
Franz Bierhalter (Manager)
Manager:
FORGETEC Schmiedeservice
GmbH
Oststr. 1
D 77694 Kehl
Legal form: Private
limited company
Share capital: EUR 50,000.00
Registered
on: 02.04.2001
Reg. data: 79098 Freiburg, HRB 371740
Manager:
PRESSTRADE
Handelsgesellschaft mbH
Oststr. 1
D 77694 Kehl
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 11.05.2007
Reg. data: 79098 Freiburg, HRB 701111
03.07.1992 - 11.05.1997 MS Maschinensysteme GmbH
Am Sundheimer Fort 5
D 77694 Kehl
Private limited
company
12.05.1997 - 31.12.2004 PRESSTRADE Pressenhandel GmbH
Am Sundheimer Fort 5
D 77694 Kehl
Private limited
company
01.01.2005 - 24.06.2007 PRESSTRADE Pressenhandel GmbH
Oststr. 1
D 77694 Kehl
Private limited
company
22.04.2013 - 03.06.2014 Manager
Klaus Manfred
Bechtold
D 77694 Kehl
20.09.2012 - 03.06.2014 Manager
Tino Kraus
D 57439 Attendorn
Main industrial sector
4669
Wholesale of other machinery, equipment and supplies
7739
Renting and leasing of other machinery, equipment and tangible goods n.
e. c.
Payment experience: Slow
but correct
Negative information: We have no negative information at hand.
Balance sheet year: 2013
Type of ownership: Tenant
Address Oststr. 1
D 77694 Kehl
Type of ownership: Tenant
Address Oststr. 15
D 77694 Kehl
Land register documents were not available.
Principal bank
SPARKASSE HANAUERLAND, 77675 KEHL, RHEIN
Sort. code: 66451862
BIC: SOLADES1KEL
Further bank
VOLKSBANK BÜHL, 77806 BÜHL, BADEN
Sort. code: 66291400
BIC: GENODE61BHL
Turnover: 2013 *EUR 490,000.00
2014 *EUR 495,000.00
Expected turnover: *EUR 500,000.00
further business figures:
Equipment: *EUR 60,000.00
Ac/ts receivable: EUR 3,015.00
Liabilities: EUR 1,864,283.00
Total numbers of vehicles: 2
Employees:
3
The
business figures marked with an asterisk are estimates based on average values
in the line of business.
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: -126.05
Return on total capital [%]: -76.96
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: -22.42
Liquidity ratio: 0.01
Return on total capital [%]: -48.03
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 16.48
Liquidity ratio: 0.08
Return on total capital [%]: -9.80
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 17.44
Liquidity ratio: 0.03
Return on total capital [%]: 0.51
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 1,882,133.12
Fixed assets EUR 2,550.00
Financial assets EUR 2,550.00
Current assets EUR 830,041.56
Stocks EUR 822,594.45
Accounts receivable EUR 3,015.26
Liquid means EUR 4,431.85
Remaining other assets EUR 1,049,541.56
Accruals (assets) EUR 11.98
Deficit not covered by shareholders'
equity EUR 1,049,529.58
LIABILITIES EUR 1,882,133.12
Shareholders' equity EUR 0.00
Capital EUR 350,000.00
Subscribed capital (share capital) EUR 350,000.00
Balance sheet profit/loss (+/-) EUR -1,399,529.58
Balance sheet profit / loss EUR -1,399,529.58
Other shareholders' equity (+/-) EUR
1,049,529.58
Deficit not covered by shareholders'
equity EUR 1,049,529.58
Provisions EUR 17,850.00
Liabilities EUR 1,864,283.12
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 2,177,983.59
Fixed assets EUR 2,551.00
Tangible assets EUR 1.00
Financial assets EUR 2,550.00
Other / unspecified financial assets EUR 2,550.00
Current assets EUR 1,765,451.15
Stocks EUR 1,720,880.57
Accounts receivable EUR 19,522.25
Liquid means EUR 25,048.33
Remaining other assets EUR 409,981.44
Accruals (assets) EUR 1,254.38
Deficit not covered by shareholders'
equity EUR 408,727.06
LIABILITIES EUR 2,177,983.59
Shareholders' equity EUR 0.00
Capital EUR 350,000.00
Subscribed capital (share capital) EUR 350,000.00
Balance sheet profit/loss (+/-) EUR -758,727.06
Balance sheet profit / loss EUR -758,727.06
Other shareholders' equity (+/-) EUR 408,727.06
Deficit not covered by shareholders'
equity EUR 408,727.06
Provisions EUR 41,287.50
Liabilities EUR 2,136,696.09
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.44 |
|
UK Pound |
1 |
Rs.102.41 |
|
Euro |
1 |
Rs.75.05 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
VNT |
RATING EXPLANATIONS
|
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 |
|
|
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.