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MIRA
INFORM REPORT
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Report No. : |
499042 |
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Report Date : |
24.03.2018 |
IDENTIFICATION DETAILS
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Name : |
VOCO GMBH |
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Registered Office : |
Anton-Flettner-Str. 1-3, D 27472 Cuxhaven, Post Box: 7 67, D 27457 Cuxhaven |
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Country : |
Germany |
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Date of Incorporation : |
14.05.1981 |
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Com. Reg. No.: |
HRB 110134 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
· Manufacture of pharmaceutical preparations · Wholesale of medical and orthopedic goods, dental and laboratory supplies |
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No. of Employees : |
Not Available |
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 (30.09.2017) |
Current Rating (31.12.2017) |
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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 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.
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Source
: CIA |
Company name & address
VOCO GMBH
Company Status: active
Anton-Flettner-Str. 1-3
D 27472 Cuxhaven
Post Box:
7 67, D 27457 Cuxhaven
Telephone:04721/7190
Telefax: 04721/719109
Homepage: www.voco.de
E-mail: info@voco.de
VAT no.: DE115170082
LEGAL FORM Private Limited Company
Date of foundation: 14.05.1981
Shareholders'
agreement: 14.05.1981
Registered on: 04.06.1981
Commercial Register: Local court 21255 Tostedt
under: HRB 110134
Share capital: EUR 5,000,000.00
Shareholder:
Beteiligungsgesellschaft PLAUMANN GmbH & Co.
KG
Anton-Flettner-Str. 1-3
D 27472 Cuxhaven
Legal form: Ltd partnership with priv. ltd.
company as general partner
Total cap. EUR 720,000.00
contribution:
Share: EUR 5,000,000.00
Registered on: 12.02.1999
Reg. data: 21255 Tostedt, HRA 110583
Manager:
Manfred Thomas Plaumann
Rugenbargsweg 33
D 27476 Cuxhaven
born: 11.05.1959
Profession: Businessman
Marital status: married
Manager:
Olaf Sauerbier
Am Pennworthmoor 7
D 27476 Cuxhaven
having sole power of representation
born: 04.06.1966
Profession: Computer Science Expert
Marital status: married
Proxy:
Dr. Alexander Rainer Knüttel
Lise-Meitner-Str. 5
D 68519 Viernheim
authorized to jointly represent the company
born: 14.01.1961
Marital status: married
Proxy:
Rudolf Lohse
D 27607 Geestland
authorized to jointly represent the company
born: 27.08.1966
Proxy:
Stefan Kruschel
D 27472 Cuxhaven
authorized to jointly represent the company
born: 15.06.1954
Proxy:
Willy Kempen
D 27568 Bremerhaven
authorized to jointly represent the company
born: 16.07.1954
Further functions/participations of Manfred Thomas Plaumann
(Manager)
Limited partner:
Beteiligungsgesellschaft PLAUMANN GmbH & Co.
KG
Anton-Flettner-Str. 1-3
D 27472 Cuxhaven
Legal form: Ltd partnership with priv. ltd.
company as general partner
Total cap. EUR 720,000.00
contribution:
Share: EUR 360,000.00
Registered
on: 12.02.1999
Reg. data: 21255 Tostedt, HRA 110583
Shareholder:
VOCO International GmbH
Anton-Flettner-Str. 1-3
D 27472 Cuxhaven
Legal form: Private limited company
Share capital: EUR 150,000.00
Share: EUR 75,000.00
Registered
on: 23.12.2003
Reg. data: 21255 Tostedt, HRB 110249
Shareholder:
MRDPL GmbH
Schillerstr. 79
D 27472 Cuxhaven
Legal form: Private limited company
Share capital: EUR 25,000.00
Share: EUR 15,000.00
Registered
on: 16.10.2015
Reg. data: 21255 Tostedt, HRB 205244
Manager:
MP Medical Product GmbH
Grasweg 18-22
D 27607 Geestland
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 13.01.2015
Reg. data: 21255 Tostedt, HRB 204821
Manager:
PS Value GmbH
Anton-Flettner-Str. 1-3
D 27472 Cuxhaven
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 07.06.2017
Reg. data: 21255 Tostedt, HRB 206145
Manager:
Plaumann GmbH
Anton-Flettner-Str. 1-3
D 27472 Cuxhaven
Legal form: Private limited company
Share capital: EUR 26,000.00
Registered
on: 25.01.1999
Reg. data: 21255 Tostedt, HRB 110375
Manager:
MRDPL GmbH
Schillerstr. 79
D 27472 Cuxhaven
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 16.10.2015
Reg. data: 21255 Tostedt, HRB 205244
Manager:
Identa Dental Material GmbH
Anton-Flettner-Str. 3
D 27472 Cuxhaven
Legal form: Private limited company
Share capital: EUR 50,000.00
Registered
on: 24.03.1987
Reg. data: 21255 Tostedt, HRB 110176
Manager:
VOCO International GmbH
Anton-Flettner-Str. 1-3
D 27472 Cuxhaven
Legal form: Private limited company
Share capital: EUR 150,000.00
Registered
on: 23.12.2003
Reg. data: 21255 Tostedt, HRB 110249
Manager:
SMP Scientific Medical Products GmbH
Alfred-Paulsen-Str. 8
D 21762 Otterndorf
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 08.02.2018
Reg. data: 21255 Tostedt, HRB 206535
Further functions/participations of Olaf Sauerbier (Manager)
Manager:
VOCO International GmbH
Anton-Flettner-Str. 1-3
D 27472 Cuxhaven
Legal form: Private limited company
Share capital: EUR 150,000.00
Registered
on: 23.12.2003
Reg. data: 21255 Tostedt, HRB 110249
RESIGNED ACTING PERSONS AND SHAREHOLDERS
15.04.1994 - 04.01.2016 Manager
Manfred Plaumann sen.
Querflaggen 21
D 27478 Cuxhaven
BUSINESS ACTIVITIES
Main industrial sector
21200 Manufacture of pharmaceutical preparations
46462 Wholesale of medical and orthopedic goods, dental and laboratory supplies
FINANCIAL INFORMATION
Payment experience: No Complaints
Negative information: We have no negative information at hand.
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: proprietor
Share: 100.00 %
Address Anton-Flettner-Str. 1-3
D 27472 Cuxhaven
Size: 21,648.00 sq.m
Real Estate of: Beteiligungsgesellschaft PLAUMANN GmbH & Co.
KG
Type of ownership: Tenant
Address Anton-Flettner-Str. 1-3
D 27472 Cuxhaven
Land register documents were not available.
BANKERS
Principal bank
STADTSPARKASSE CUXHAVEN, 27456 CUXHAVEN
Sort. code: 24150001, Account no.: 149690
BIC: BRLADE21CUX, IBAN: DE94241500010000149690
Further banks
DEUTSCHE BANK, 20079 HAMBURG
Sort. code: 20070000, Account no.: 8500084
BIC: DEUTDEHHXXX, IBAN: DE64200700000850008400
POSTBANK (GIRO), 22280 HAMBURG
Sort. code: 20010020, Account no.: 49307209
BIC: PBNKDEFFXXX
FINANCIAL FIGURES
Financial year: 01.01. - 31.12.
Share capital: EUR 5,000,000.00
Total numbers of
vehicles:
80
- Passenger
cars:
80
The number of
employees is not known.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.13 |
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1 |
INR 91.95 |
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Euro |
1 |
INR 80.34 |
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EUR |
1 |
INR 80.34 |
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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DIV |
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Report Prepared
by : |
TPT |
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
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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
·
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.