|
|
|
MIRA INFORM REPORT
|
Report No. : |
504176 |
|
Report Date : |
16.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
RASCHIG GMBH |
|
|
|
|
Registered Office : |
Mundenheimer Str. 100, D 67061 Ludwigshafen, Post Box: 21 11 28 |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Year of Establishment : |
1891 |
|
|
|
|
Com. Reg. No.: |
HRB 4189 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
· Manufacture of other chemical products n.e.c. · Manufacture of other special-purpose machinery n.e.c. · Wholesale of chemical products · Activities of holding companies |
|
|
|
|
No. of Employees : |
331 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 a large increase in 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 economic 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. The German Government introduced a minimum wage in 2015 that increased to $9.79 (8.84 euros) in January 2017.
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 2017 Germany reached a budget surplus of 0.7%. 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 during 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 largely with renewable energy, which accounted for 29.5% of gross electricity consumption in 2016, 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. Domestic consumption, investment, and exports are likely to drive German GDP growth in 2018, and the country’s budget and trade surpluses are likely to remain high.
|
Source
: CIA |
Company
name and address
RASCHIG GMBH
Company Status: Active
Mundenheimer Str. 100
D 67061 Ludwigshafen
Post Box:
21 11 28
Telephone:0621/56180
Telefax: 0621/582885
Homepage: www.raschig.de
E-mail: raschig@t-online.de
VAT
no.
DE189992502
Company
Summary
LEGAL FORM Private Limited Company
Date of foundation: 1891
Shareholders'
agreement: 05.09.1995
Registered on: 21.12.1995
Commercial Register: Local court 67061 Ludwigshafen
under: HRB 4189
Share
capital
EUR 20,000,000.00
Shareholder:
PMC Leaders in Chemicals (PLIC)
USA - Sun Valley, California
Legal form: Other legal form
Share: EUR 15,000,000.00
Shareholder:
PMC Europe, Sarl
L - Redange-sur-Attert
Legal form: Other legal form
Share: EUR 5,000,000.00
Manager:
Dr. Heinz Neis
D 67547 Worms
having sole power of representation
born: 02.12.1952
Profession: graduate engineer
Marital status: married
Manager:
Dr. Klaus Lehr
D 67360 Lingenfeld
born: 12.11.1960
Marital status: unknown
Manager:
Stefan Brückner
Kohlweide 8
D 66885 Altenglan
born: 23.02.1962
Manager:
Dr. Martin Gerhard Dunkel
D 89312 Günzburg
born: 06.04.1963
Manager:
Zoe Bouligaraki
USA Middletown
having sole power of representation
born: 17.01.1965
Nationality: USA
Manager:
Thomas Bomba
D 67127 Rödersheim-Gronau
born: 02.05.1971
Proxy:
Dr. Manfred Löscher
D 67112 Mutterstadt
Profession: Fully qualified chemist
Proxy:
Dr. Michael Schultes
D 67117 Limburgerhof
Profession: graduate engineer
Proxy:
Norbert Naumann
D 67061 Ludwigshafen
authorized to jointly represent the company
Further functions/participations of Dr. Heinz Neis (Manager)
Manager:
Verfahrenstechnik Schwedt GmbH (VTS-GmbH)
Passower Chaussee 111
D 16303 Schwedt
Legal form: Private limited company
Share capital: EUR 26,000.00
Registered
on: 11.01.2013
Reg. data: 16816 Neuruppin, HRB 9879 NP
Manager:
Raschig Ring GmbH
Mundenheimer Str. 100
D 67061 Ludwigshafen
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 17.11.2006
Reg. data: 67061 Ludwigshafen, HRB 60519
Further functions/participations of Stefan Brückner (Manager)
Proxy:
Raschig Pensionen GmbH
Mundenheimer Str. 100
D 67061 Ludwigshafen
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 25.11.2008
Reg. data: 67061 Ludwigshafen, HRB 61293
COMPANY
HISTORY
Company name and legal form
20.08.1996 - 30.07.1997 RAC Vermögensverwaltung GmbH
Bockenheimer Landstr. 42
D 60323 Frankfurt
Private limited company
21.12.1995 - 19.08.1996 KGH Vermögensverwaltung GmbH
D 60323 Frankfurt
Private limited company
BUSINESS
ACTIVITIES
Main industrial sector
20590 Manufacture of other chemical products n.e.c.
28990 Manufacture of other special-purpose machinery n.e.c.
4675 Wholesale of chemical products
Secondary industrial sector
6420 Activities of holding companies
BRANCHES
AND FACTORIES
Branch:
Raschig GmbH
Leipziger Str. 40
D 04579 Espenhain
TEL.: 034206/580-0
FAX.: 034206/580-16
Branch:
Raschig GmbH
Bahnhofstr. 14
D 91781 Weißenburg
PARTICIPATIONS
Shareholder:
Karl Vieh Gesellschaft mit beschränkter
Haftung
Luisenthaler Str. 160
D 66115 Saarbrücken
Legal form: Private limited company
Company Status: dissolved by official decree
since: 11.08.2017
Share capital: EUR 766,937.82
Share: EUR 766,937.82
Reg. data: 17.08.1979
Local court 66121 Saarbrücken
HRB 5174
Shareholder:
Verfahrenstechnik Schwedt GmbH (VTS-GmbH)
Passower Chaussee 111
D 16303 Schwedt
Legal form: Private limited company
Company Status: active
Share capital: EUR 26,000.00
Share: EUR 26,000.00
Reg. data: 11.01.2013
Local court 16816 Neuruppin
HRB 9879 NP
FINANCIAL
INFORMATION
Payment experience: within agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2016
REAL
ESTATE
Type of ownership: Proprietor
Share: 100.00 %
Address Mundenheimer Str. 100
D 67061 Ludwigshafen
Land register documents were not available.
BANKERS
Principal Bank
UNICREDIT BANK - HYPOVEREINSBANK, 67003 LUDWIGSHAFEN AM RHEIN
Sort. code: 54520194
BIC: HYVEDEMM483
Further Banks
COMMERZBANK, 67003 LUDWIGSHAFEN AM RHEIN
Sort. code: 54540033
BIC: COBADEFFXXX
SPARKASSE VORDERPFALZ, 67059 LUDWIGSHAFEN AM RHEIN
Sort. code: 54550010, Account no.: 18804
BIC: LUHSDE6AXXX, IBAN: DE55545500100000018804
FINANCIAL
FIGURES
Turnover: 2016 EUR 92,635,875.00
2017 *EUR 92,635,875.00
Profit: 2016 EUR 6,698,313.00
further business
figures:
Equipment: EUR 1,008,724.00
Ac/ts
receivable:
EUR 12,682,214.00
Liabilities: EUR 19,466,225.00
Employees:
331
- thereof permanent
staff:
331
The business figures marked with an asterisk are estimates based on average values in the line of business.
BALANCE
SHEETS
Balance sheet ratios
01.01.2016 - 31.12.2016
Equity ratio
[%]: 39.08
Liquidity
ratio: 4.47
Return on total
capital [%]: 7.41
Balance sheet ratios
01.01.2015 - 31.12.2015
Equity ratio
[%]: 34.53
Liquidity
ratio: 10.00
Return on total
capital [%]: 2.09
Balance sheet ratios
01.01.2014 - 31.12.2014
Equity ratio
[%]: 34.05
Liquidity ratio: 2.53
Return on total
capital [%]: -1.11
Balance sheet ratios
01.01.2013 - 31.12.2013
Equity ratio
[%]: 37.55
Liquidity
ratio: 2.54
Return on total
capital [%]: 2.27
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: 01.01.2016 - 31.12.2016
ASSETS EUR 91,091,959.28
Fixed assets EUR 34,052,592.04
Intangible assets EUR 536,958.14
Advance payments for intang. assets EUR
536,958.14
Tangible assets EUR 16,262,581.95
Advance payments made / construction
in progress EUR 16,262,581.95
Financial assets EUR 17,253,051.95
Other loans EUR 17,253,051.95
Current assets EUR 56,323,143.80
Stocks EUR 27,009,832.85
Advance payments made EUR 27,009,832.85
Accounts receivable EUR 12,682,214.44
Other debtors and assets EUR 12,682,214.44
Liquid means EUR 16,631,096.51
Remaining other assets EUR 716,223.44
Accruals (assets) EUR 60,884.44
Deferred taxes (assets) EUR 655,339.00
LIABILITIES EUR
91,091,959.28
Shareholders' equity EUR 35,994,551.35
Capital EUR 20,000,000.00
Subscribed capital (share capital) EUR
20,000,000.00
Reserves EUR 4,143,014.07
Capital reserves EUR 590,113.39
Retained earnings / revenue reserves
EUR 3,552,900.68
Balance sheet profit/loss (+/-) EUR 11,851,537.28
Profit / loss brought forward EUR 5,153,224.15
Annual surplus / annual deficit EUR 6,698,313.13
Provisions EUR 35,631,182.89
Pension provisions and comparable
provisions EUR 24,093,693.19
Provisions for taxes EUR 3,505,818.00
Other / unspecified provisions EUR 8,031,671.70
Liabilities EUR 19,466,225.04
Financial debts EUR 6,826,665.00
Liabilities due to banks EUR 6,826,665.00
Other liabilities EUR 12,639,560.04
Trade creditors (for IAS incl. bills
of exchange) EUR 4,450,862.81
Liabilities from received advance
payments EUR 6,943,439.52
Liabililties due to related
companiesEUR 576,575.04
Unspecified other liabilities EUR 668,682.67
thereof liabilities from tax /
financial authorities EUR 474.00
thereof liabilities from social
security EUR 0.00
PROFIT AND LOSS ACCOUNT
(cost-summary method) according to Comm.
Code (HGB)
Sales EUR 92,635,875.24
Inventory change + own costs (+/-) EUR 4,028,629.38
Inventory change (+/-) EUR 3,843,501.54
Capitalised own costs EUR 185,127.84
Other operating income EUR 1,897,890.33
Cost of materials EUR 51,727,042.00
Raw materials and supplies, purchased
goods
EUR 43,113,629.81
Purchased services EUR 8,613,412.19
Gross result (+/-) EUR 46,835,352.95
Staff expenses EUR 19,448,396.94
Wages and salaries EUR 17,125,637.67
Social security contributions and
expenses for pension plans and
benefits EUR 2,322,759.27
Total depreciation EUR 2,494,493.65
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 2,494,493.65
Other operating expenses EUR 15,189,805.83
Operating result from continuing
operations EUR 9,702,656.53
Interest result (+/-) EUR -1,186,545.73
Interest and similar income EUR 81,019.56
thereof from related companies EUR 0.00
Interest and similar expenses EUR 1,267,565.29
thereof paid to related companies EUR 0.00
Other financial result EUR 612,285.21
Income from securities and loans from
financial assets EUR 821,713.63
thereof related companies EUR 171,096.56
Depreciation on financial assets and
marketable securities EUR 209,428.42
Financial result (+/-) EUR
-574,260.52
Result from ordinary operations (+/-) EUR
9,128,396.01
Income tax / refund of income tax
(+/-)EUR -3,007,823.48
Other taxes / refund of taxes EUR 577,740.60
Tax (+/-) EUR -2,430,082.88
Annual surplus / annual deficit EUR 6,698,313.13
Type of balance
sheet: Company balance sheet
Origin of the
present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2015 - 31.12.2015
ASSETS EUR 81,301,825.38
Fixed assets EUR 25,381,921.75
Intangible assets EUR 667,933.00
Goodwill EUR 667,933.00
Tangible assets EUR 16,566,586.43
Advance payments made / construction
in progress EUR 16,566,586.43
Financial assets EUR 8,147,402.32
Securities included in fixed assets EUR
8,147,402.32
Current assets EUR 54,626,985.36
Stocks EUR 22,078,462.06
Advance payments made EUR
22,078,462.06
Accounts receivable EUR 15,302,528.73
Other debtors and assets EUR 15,302,528.73
Liquid means EUR 17,245,994.57
Remaining other assets EUR 1,292,918.27
Accruals (assets) EUR 93,516.27
Deferred taxes (assets) EUR 1,199,402.00
LIABILITIES EUR 81,301,825.38
Shareholders' equity EUR 29,296,238.22
Capital EUR 20,000,000.00
Subscribed capital (share capital) EUR
20,000,000.00
Reserves EUR 4,143,014.07
Capital reserves EUR 590,113.39
Retained earnings / revenue reserves
EUR 3,552,900.68
Balance sheet profit/loss (+/-) EUR 5,153,224.15
Profit / loss brought forward EUR 3,495,022.62
Annual surplus / annual deficit EUR 1,658,201.53
Provisions EUR 36,717,282.28
Pension provisions and comparable
provisions EUR 26,690,011.81
Provisions for taxes EUR 1,689,305.21
Other / unspecified provisions EUR 8,337,965.26
Liabilities EUR 15,288,304.88
Financial debts EUR 6,175,000.00
Liabilities due to banks EUR 6,175,000.00
Other liabilities EUR 9,113,304.88
Trade creditors (for IAS incl. bills
of exchange) EUR 3,562,478.77
Liabilities from received advance
payments EUR 4,322,441.52
Liabililties due to related
companiesEUR 295,602.23
Unspecified other liabilities EUR 932,782.36
thereof liabilities from tax /
financial authorities EUR 434,902.68
thereof liabilities from social
security EUR 0.00
PROFIT AND LOSS
ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Sales EUR 85,381,674.97
Inventory change + own costs (+/-) EUR -123,751.53
Inventory change (+/-) EUR -284,049.21
Capitalised own costs EUR 160,297.68
Other operating income EUR 5,417,291.28
Cost of materials EUR 47,785,877.70
Raw materials and supplies, purchased
goods EUR 39,516,288.83
Purchased services EUR 8,269,588.87
Gross result (+/-) EUR 42,889,337.02
Staff expenses EUR 19,960,482.39
Wages and salaries EUR 15,532,706.22
Social security contributions and
expenses for pension plans and
benefits EUR 4,427,776.17
Total depreciation EUR 2,653,954.56
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 2,653,954.56
Other operating expenses EUR 16,047,163.85
Operating result from continuing
operations EUR 4,227,736.22
Interest result (+/-) EUR
-1,297,289.64
Interest and similar income EUR 199,644.80
thereof from related companies EUR 15,694.19
Interest and similar expenses EUR 1,496,934.44
thereof paid to related companies EUR 35,083.56
Other financial result EUR 333,631.57
Income from securities and loans from
financial assets EUR 333,631.57
thereof related companies EUR 333,631.57
Financial result (+/-) EUR -963,658.07
Result from ordinary operations (+/-) EUR
3,264,078.15
Income tax / refund of income tax
(+/-)EUR -1,461,566.68
Other taxes / refund of taxes EUR
-144,309.94
Tax (+/-) EUR -1,605,876.62
Annual surplus / annual deficit EUR 1,658,201.53
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.22 |
|
|
1 |
INR 92.77 |
|
Euro |
1 |
INR 80.34 |
|
EUR |
1 |
INR 80.66 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.