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MIRA
INFORM REPORT
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Report No. : |
491109 |
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Report Date : |
12.02.2018 |
IDENTIFICATION DETAILS
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Name : |
TECHNOPAC GMBH |
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Registered Office : |
Schleupestr. 15D 48431 Rheine, Post Box:16 51, D 48406 Rheine |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
14.01.1999 |
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Com. Reg. No.: |
HRB 4578 |
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Legal Form : |
Private limited company |
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Line of Business : |
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Wholesale of other household goods ·
Wholesale of other machinery ·
Wholesale of other equipment and
accessories for machinery and technical supplies |
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No. of Employees : |
15 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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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
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Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
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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 Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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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 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, bolstered by low energy prices and a weak euro, and exports are likely to drive German GDP growth again in 2018.
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Source
: CIA |
Company name and address
Report on:
TechnoPac GmbH
Schleupestr. 15
D 48431 Rheine
Post Box:
16 51, D 48406 Rheine
Telephone:05971/808280
Telefax: 05971/8082820
Homepage: www.technopac.de
E-mail: info@technopac.de
Company Status: active
VAT no.:
DE812621895
Tax ID number:
311/5812/1103
Company summery
LEGAL FORM Private limited company
Date of foundation: 14.01.1999
Shareholders'
agreement: 14.01.1999
Registered on: 02.03.1999
Commercial Register: Local
court 48565 Steinfurt
under: HRB 4578
Share capital: EUR 50,000.00
Shareholder:
Hildegard Johanna Röwemeier
Pestalozzistr.
17
D 10625
Berlin
born:
02.02.1959
Share: EUR 50,000.00
Manager:
Hildegard Johanna Röwemeier
Pestalozzistr. 17
D 10625 Berlin
having
sole power of representation
born:
02.02.1959
Profession: Businessman
Marital
status: single
Proxy:
Dirk
Wilhelm Theodor Fleiter
Saarstr. 21
D 48145
Münster
authorized to jointly represent the company
born:
20.05.1964
Proxy:
Thorsten Evers
D 48499
Salzbergen
authorized to jointly represent the company
born:
27.07.1974
Proxy:
Johanna
Wienkamp
D 48431
Rheine
authorized to jointly represent the company
born:
15.01.1992
Further functions/participations of Hildegard Johanna Röwemeier
(Manager)
Shareholder:
TPI
Lanzoni Consulting UG
(haftungsbeschränkt)
Pestalozzistr. 17
D 10625
Berlin
Legal
form: Entrepreneur Company (limited
liability) in liquidation
Share
capital: EUR 1,000.00
Share: EUR 1,000.00
Registered
on: 08.07.2013
Reg.
data: 14057 Berlin, HRB 151229 B
Liquidator:
TPI
Lanzoni Consulting UG
(haftungsbeschränkt)
Pestalozzistr. 17
D 10625
Berlin
Legal
form: Entrepreneur Company (limited
liability) in liquidation
Share
capital: EUR 1,000.00
Registered
on: 08.07.2013
Reg.
data: 14057 Berlin, HRB 151229 B
COMPANY HISTORY
company name and legal form
22.11.2013 - 04.02.2014
TechnoPac GmbH
Schleupestr. 15
D
48431 Rheine
Private limited company
01.01.2004 - 22.11.2013
TechnoPac GmbH
Salzbergener Str. 18-22
D
48431 Rheine
Private limited company
20.04.1999 - 01.01.2004
TechnoPac GmbH
Münsterstr. 79a
D
48431 Rheine
Private limited company
02.03.1999 - 20.04.1999
TechnoPac GmbH
Thiebergstr. 5c
D
48431 Rheine
Private limited company
BUSINESS ACTIVITIES
Main industrial sector
4649 Wholesale of other
household goods
46692 Wholesale of other
machinery
46693 Wholesale of other
equipment and accessories for machinery and technical supplies
FINANCIAL INFORMATION
Payment experience: No Complaints
Negative information:We have no negative information at hand.
Balance sheet year: 2016
REAL ESTATE
Type of ownership: Tenant
Address
Schleupestr. 15
D 48431
Rheine
Real Estate of:
Hildegard Johanna Röwemeier
Type of ownership: Tenant
Address
Thiebergstr. 5c
D 48431
Rheine
Land register documents were not available.
BANKERS
Principal bank
STADTSPARKASSE RHEINE, 48410 RHEINE
Sort. code: 40350005
BIC: WELADED1RHN
FINANCIAL FIGURES
Profit:
2016 EUR 539,973.00
Ac/ts receivable: EUR 3,449,397.00
Liabilities: EUR 3,312,002.00
Employees:
15
BALANCE SHEETS
Balance sheet ratios 01.01.2016 - 31.12.2016
Equity ratio [%]: 28.32
Liquidity ratio:
1.06
Return on total capital [%]:
10.45
Balance sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]:
28.02
Liquidity ratio:
1.06
Return on total capital [%]:
7.62
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]:
23.38
Liquidity ratio:
1.07
Return on total capital [%]:
7.56
Balance sheet grade:
2.6
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]:
22.99
Liquidity ratio:
1.07
Return on total capital [%]:
5.39
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.
Financials
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
5,171,464.96
Fixed assets EUR 71,802.19
Intangible assets EUR 10,893.00
Tangible assets EUR 60,909.19
Current assets EUR 5,098,432.38
Stocks EUR 1,593,959.99
Accounts receivable EUR 3,449,396.72
Liquid means EUR 55,075.67
Remaining other assets EUR 1,230.39
Accruals (assets) EUR 1,230.39
LIABILITIES EUR 5,171,464.96
Shareholders' equity EUR 1,450,238.29
Capital EUR 50,000.00
Subscribed capital (share
capital) EUR 50,000.00
Reserves EUR 50,000.00
Retained earnings /
revenue reserves EUR
50,000.00
Balance sheet profit/loss
(+/-) EUR 1,350,238.29
Balance sheet profit /
loss EUR 1,350,238.29
Provisions EUR 409,225.00
Liabilities EUR 3,312,001.67
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 4,670,144.40
Fixed assets EUR 35,908.00
Intangible assets EUR 4,871.00
Tangible assets EUR 31,037.00
Current assets EUR 4,633,006.01
Stocks EUR 1,489,280.40
Accounts receivable EUR 2,757,942.03
Liquid means EUR 385,783.58
Remaining other assets EUR 1,230.39
Accruals (assets) EUR 1,230.39
LIABILITIES EUR 4,670,144.40
Shareholders' equity EUR 1,310,265.12
Capital EUR 50,000.00
Subscribed capital (share
capital) EUR 50,000.00
Reserves EUR 50,000.00
Retained earnings /
revenue reserves EUR
50,000.00
Balance sheet profit/loss
(+/-) EUR
1,210,265.12
Balance sheet profit /
loss EUR 1,210,265.12
Provisions EUR 365,593.30
Liabilities EUR 2,994,285.98
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.37 |
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1 |
INR 89.71 |
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Euro |
1 |
INR 78.89 |
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1 |
INR |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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Report Prepared
by : |
KET |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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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
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Promoters
/ Management background
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Payment
record
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Litigation
against the subject
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Industry
scenario / competitor analysis
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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.