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MIRA INFORM REPORT
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Report No. : |
487217 |
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Report Date : |
20.01.2018 |
IDENTIFICATION DETAILS
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Name : |
PLINKE GMBH |
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Registered Office : |
Kaiser-Friedrich-Promenade 24,
D 61348 Bad Homburg, Post Box:21 51, D 61291 Bad Homburg |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
1947 |
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Com. Reg. No.: |
HRB 6215 |
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Legal Form : |
Private limited company |
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Line of Business : |
Subject engaged in Engineering
activities in the field of technical sectoral planning and engineering design |
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No. of Employees : |
31 |
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 : |
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
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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: Plinke GmbH
Kaiser-Friedrich-Promenade 24
D 61348 Bad Homburg
Post Box:
21 51, D 61291 Bad Homburg
Telephone:06172/126130
Telefax: 06172/126200
Homepage: www.plinke.de
E-mail: schober-dietrich@plinke.de
Company Status: active
VAT no.: DE111300581
Tax ID number: 003
241 26599
CONCLUSION
Business relations are permissible.
Company
Summery
LEGAL FORM Private limited company
Date of foundation: 1947
Shareholders'
agreement: 24.04.1998
Registered on: 08.06.1998
Commercial Register: Local court 61352 Bad Homburg
under: HRB
6215
Share capital: EUR 2,000,000.00
Shareholder:
Kellogg Brown & Root
GmbH
Kaiser-Friedrich-Promenade 24
D 61348 Bad Homburg
Legal form: Private
limited company
Share capital: EUR 25,564.59
Share: EUR 2,000,000.00
Registered on: 09.11.2000
Reg. data: 21335
Lüneburg, HRB 101079
Manager:
Martin Nelhams
GB Swallowfield
having sole power of
representation
born: 04.01.1960
Nationality: British
Manager:
Max Michael
Heinritz-Adrian
D 48143 Münster
having sole power of
representation
born: 27.03.1973
Manager:
Jan Egil Braendeland
GB Guildford
having sole power of
representation
born: 20.09.1967
Nationality: British
Manager:
Gary Paul Godwin
GB Farnham (Surrey)
having sole power of
representation
born: 08.04.1965
Nationality: British
Proxy:
Peter Pataky
D 61348 Bad Homburg
authorized to jointly
represent the company
born: 02.11.1956
Proxy:
Silke Sommer
D 63477 Maintal
authorized to jointly
represent the company
born: 23.06.1970
Proxy:
Knut Böminghaus
Niederurseler Str. 6
D 61440 Oberursel
authorized to jointly
represent the company
born: 11.09.1957
Further functions/participations of Martin
Nelhams (Manager)
Manager:
Kellogg Brown & Root
GmbH
Kaiser-Friedrich-Promenade 24
D 61348 Bad Homburg
Legal form: Private limited
company
Share capital: EUR 25,564.59
Registered
on: 09.11.2000
Reg. data: 21335 Lüneburg, HRB 101079
COMPANY HISTORY
company name and legal form
24.04.1998 - 24.08.1998 CHEMATUR Chemieanlagen GmbH
Kaiser-Friedrich-Promenade 24
D 61348 Bad Homburg
Private limited
company
RESIGNED
ACTING PERSONS AND SHAREHOLDERS
18.11.2015 - 28.12.2017 Manager
Keith Bundil
D 61350 Bad Homburg
03.02.2016 - 15.02.2017 Manager
John Trevor
Derbyshire
USA Bellaire
03.02.2016 - 15.02.2017 Manager
Gary Michael Machetta
USA Spring
03.02.2016 - 15.02.2017 Manager
Lynn Estrella
Nazareth
USA Bellaire
BUSINESS
ACTIVITIES
Main industrial sector
71122
Engineering activities in the field of technical sectoral planning
andengineering design
FINANCIAL
INFORMATION
Payment experience: Slow
but Correct
Negative information:We have no negative
information at hand.
Balance sheet year: 2016
PMI: No significant / relevant
payment experience
information pertaining to
the company
inquired upon is shown in
the Deutscher
Debitoren Monitor
(DDMonitor).
REAL
ESTATE
Type of ownership: Tenant
Address Kaiser-Friedrich-Promenade 24
D 61348 Bad Homburg
Land register documents were not available.
BANKERS
Principal banks
SVENSKA HANDELSBANKEN DEUTSCHLAND, 60598
FRANKFURT AM MAIN
Sort. code: 51420600, Account no.: 0011895020
BIC: HANDDEFFXXX, IBAN: DE16514206000011895020
TAUNUS-SPARKASSE, 61288 BAD HOMBURG
Sort. code: 51250000, Account no.: 1125800
BIC: HELADEF1TSK, IBAN: DE39512500000001125800
FINANCIAL FIGURES
Turnover: 2016 EUR 23,908,483.00
Profit: 2016 EUR 2,355,753.00
Equipment: EUR 133,580.00
Ac/ts receivable: EUR 27,605,215.00
Liabilities: EUR 46,326,363.00
Employees:
31
BALANCE
SHEETS
Balance sheet ratios 01.01.2016 - 31.12.2016
Equity ratio [%]: -42.64
Liquidity ratio: 0.06
Return on total capital [%]: 5.52
Balance sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]: -29.16
Liquidity ratio: 0.05
Return on total capital [%]: 6.09
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: -20.93
Liquidity ratio: 0.09
Return on total capital [%]: -0.82
Balance sheet grade: 4.7
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 12.02
Liquidity ratio: 0.41
Return on total capital [%]: 7.91
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.
Financial
Type of balance
sheet: Company balance sheet
Origin of the present
balance sheet: self-disclosure
Financial year: 01.01.2016 - 31.12.2016
ASSETS EUR 67,670,926.84
Fixed assets EUR 280,151.77
Intangible assets EUR 146,572.00
Concessions, licences, rights EUR 146,572.00
Tangible assets EUR 133,579.77
Other tangible assets / fixtures and
fittings EUR 133,579.77
Current assets EUR 66,967,259.51
Stocks EUR 27,564,431.00
Finished goods / work in progress EUR
27,564,431.00
Accounts receivable EUR
27,605,214.68
Trade debtors EUR 1,285,314.25
Amounts due from related companies EUR
25,431,955.84
Other debtors and assets EUR 887,944.59
Liquid means EUR 11,797,613.83
Remaining other assets EUR 423,515.56
Accruals (assets) EUR 423,515.56
LIABILITIES EUR 67,670,926.84
Shareholders' equity EUR 6,841,621.64
Capital EUR 2,000,000.00
Subscribed capital (share capital) EUR
2,000,000.00
Balance sheet profit/loss (+/-) EUR 4,841,621.64
Profit / loss brought forward EUR 2,485,869.05
Annual surplus / annual deficit EUR 2,355,752.59
Provisions EUR 5,968,022.11
Pension provisions and comparable
provisions EUR 2,640,312.00
Provisions for taxes EUR 1,711,700.00
Other / unspecified provisions EUR 1,616,010.11
Liabilities EUR 54,861,283.09
Other liabilities EUR 54,861,283.09
Trade creditors (for IAS incl. bills
of exchange) EUR 2,018,048.99
Liabilities from received advance
payments EUR
46,326,363.22
Liabililties due to related
companiesEUR 6,479,316.67
Unspecified other liabilities EUR 37,554.21
thereof liabilities from tax /
financial authorities EUR 37,554.21
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 23,908,483.31
Inventory change + own costs (+/-) EUR
-7,255,023.00
Inventory change (+/-) EUR -7,255,023.00
Other operating income EUR 270,469.89
Cost of materials EUR 7,626,598.99
Raw materials and supplies, purchased
goods EUR 7,626,598.99
Gross result (+/-) EUR 9,297,331.21
Staff expenses EUR 2,972,709.10
Wages and salaries EUR 2,503,762.18
Social security contributions and
expenses for pension plans and
benefits EUR 468,946.92
Total depreciation EUR 95,551.11
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 95,551.11
Other operating expenses EUR 3,192,361.89
Operating result from continuing
operations EUR 3,036,709.11
Interest result (+/-) EUR 291,543.48
Interest and similar income EUR 582,737.50
thereof from related companies EUR 444,000.00
Interest and similar expenses EUR 291,194.02
thereof paid to related companies EUR 79,316.67
Financial result (+/-) EUR 291,543.48
Result from ordinary operations (+/-) EUR
3,328,252.59
Income tax / refund of income tax
(+/-)EUR -972,500.00
Tax (+/-) EUR -972,500.00
Annual surplus / annual deficit EUR 2,355,752.59
Type of balance
sheet: Company balance sheet
Origin of the present
balance sheet: self-disclosure
Financial year: 01.01.2015 - 31.12.2015
ASSETS EUR 65,661,881.83
Fixed assets EUR 259,804.00
Intangible assets EUR 85,312.50
Concessions, licences, rights EUR 85,312.50
Tangible assets EUR 174,491.50
Other tangible assets / fixtures and
fittings EUR 174,491.50
Current assets EUR 64,759,896.48
Stocks EUR 34,819,454.00
Finished goods / work in progress EUR
34,819,454.00
Accounts receivable EUR 20,503,086.13
Amounts due from shareholders EUR 18,296,000.00
Trade debtors EUR 200,171.04
Amounts due from related companies EUR 759,268.23
Other debtors and assets EUR 1,247,646.86
Liquid means EUR 9,437,356.35
Remaining other assets EUR 642,181.35
Accruals (assets) EUR 642,181.35
LIABILITIES EUR 65,661,881.83
Shareholders' equity EUR 4,485,869.05
Capital EUR 2,000,000.00
Subscribed capital (share capital) EUR
2,000,000.00
Balance sheet profit/loss (+/-) EUR 2,485,869.05
Profit / loss brought forward EUR -396,924.68
Annual surplus / annual deficit EUR 2,882,793.73
Provisions EUR 5,620,423.01
Pension provisions and comparable
provisions EUR 2,633,610.00
Provisions for taxes EUR 1,501,334.33
Other / unspecified provisions EUR 1,485,478.68
Liabilities EUR 55,490,373.94
Other liabilities EUR 55,490,373.94
Trade creditors (for IAS incl. bills
of exchange) EUR 1,014,712.84
Liabilities from received advance
payments EUR 54,438,991.48
Unspecified other liabilities EUR 36,669.62
thereof liabilities from tax /
financial authorities EUR 36,669.62
Other liabilities EUR 65,215.83
Deferrals (liabilities) EUR 65,215.83
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 14,076,667.01
Inventory change + own costs (+/-) EUR -127,188.00
Inventory change (+/-) EUR -127,188.00
Other operating income EUR 247,130.21
Cost of materials EUR 4,167,022.81
Raw materials and supplies, purchased
goods EUR 4,167,022.81
Gross result (+/-) EUR 10,029,586.41
Staff expenses EUR 3,507,346.43
Wages and salaries EUR 2,687,191.50
Social security contributions and
expenses for pension plans and
benefits EUR 820,154.93
Total depreciation EUR 88,604.31
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 88,604.31
Other operating expenses EUR 3,001,350.58
Operating result from continuing
operations EUR 3,432,285.09
Interest result (+/-) EUR 137,505.13
Interest and similar income EUR 307,166.74
thereof from related companies EUR
289,000.00
Interest and similar expenses EUR 169,661.61
Financial result (+/-) EUR 137,505.13
Result from ordinary operations (+/-) EUR
3,569,790.22
Income tax / refund of income tax (+/-)EUR -686,996.49
Tax (+/-) EUR -686,996.49
Annual surplus / annual deficit EUR 2,882,793.73
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.72 |
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1 |
INR 88.64 |
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Euro |
1 |
INR 78.14 |
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Euro |
1 |
INR 78.03 |
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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PRI |
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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
·
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.