|
|
|
MIRA
INFORM REPORT
|
Report No. : |
500595 |
|
Report Date : |
31.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
TROGE MEDICAL GMBH |
|
|
|
|
Registered Office : |
Milchstr. 19 D 20148 Hamburg |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
02.01.1986 |
|
|
|
|
Com. Reg. No.: |
HRB 35614 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employees : |
26 |
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
Troge Medical GmbH
Milchstr. 19
D 20148 Hamburg
Telephone:040/441844-0
Telefax: 040/4107303
Homepage: www.trogemedical.de
E-mail:
info@trogemedical.de
Company Status
Active
VAT no.
DE118600359
Tax ID number
42/764/00482
Company summery
LEGAL FORM Private limited company
Date of foundation: 1986
Shareholders'
agreement: 02.01.1986
Registered on: 04.03.1986
Commercial Register: Local
court 20355 Hamburg
under: HRB 35614
Share capital: EUR 1,000,000.00
Shareholder:
Karl-Heinz Troge
Milchstr. 19
D 20148
Hamburg
born:
31.03.1940
Share: EUR 1,000,000.00
Manager:
Karl-Heinz Troge
Milchstr. 19
D 20148
Hamburg
having
sole power of representation
born: 31.03.1940
Profession: Businessman
Marital
status: divorced
Manager:
Thomas
Tilgner
Hofweg
58
D 22085
Hamburg
having
sole power of representation
born:
14.12.1964
Profession: Businessman
Manager:
Timo
Troge
D 20148
Hamburg
having
sole power of representation
born: 27.08.1976
Proxy:
Michael
Frank Knorr
D 20148
Hamburg
authorized to jointly represent the company
born:
20.04.1967
BUSINESS ACTIVITIES
Main industrial sector
46461 Wholesale of
pharmaceutical goods
46462 Wholesale of medical
and orthopedic goods, dental and laboratory supplies
FINANCIAL INFORMATION
Payment experience: Regular
Negative information: We
have no negative information at hand.
Balance sheet year: 2016
REAL ESTATE
Type of ownership: Tenant
Address Milchstr. 19
D 20148 Hamburg
Real Estate of: Karl-Heinz Troge
Type of ownership: proprietor
Share: 100.00 %
Address Badestr.
D 20148 Hamburg
Land register documents were not available.
BANKERS
COMMERZBANK, 20454 HAMBURG
Sort. code: 20040000
BIC: COBADEHHXXX
DEUTSCHE BANK, 20079 HAMBURG
Sort. code: 20070000
BIC: DEUTDEHHXXX
FINANCIAL FIGURES
Profit:
2016 EUR 582,954.00
Ac/ts receivable: EUR 3,088,024.00
Liabilities: EUR 1,228,574.00
Employees: 26
BALANCE SHEETS
Balance sheet ratios 01.01.2016 - 31.12.2016
Equity ratio [%]:
53.78
Liquidity ratio:
4.60
Return on total capital [%]:
12.47
Balance sheet grade:
1.4
Balance sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]:
41.18
Liquidity ratio:
1.45
Return on total capital [%]:
11.17
Balance sheet grade:
1.9
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]:
37.82
Liquidity ratio:
1.09
Return on total capital [%]:
6.97
Balance sheet grade:
2.2
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]:
35.55
Liquidity ratio: 1.39
Return on total capital [%]:
8.47
Balance sheet grade:
2.1
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 4,684,790.57
Fixed assets EUR 229,808.64
Intangible assets EUR 18,218.00
Tangible assets EUR 210,101.00
Financial assets EUR 1,489.64
Current assets EUR 4,444,329.21
Stocks EUR 1,104,592.82
Accounts receivable EUR 3,088,024.39
Liquid means EUR 251,712.00
Remaining other assets EUR 10,652.72
Accruals (assets) EUR 10,652.72
LIABILITIES EUR 4,684,790.57
Shareholders' equity EUR 2,217,868.89
Capital EUR 1,000,000.00
Subscribed capital (share capital) EUR
1,000,000.00
Balance sheet profit/loss (+/-) EUR 1,217,868.89
Profit / loss brought forward EUR
634,914.51
Annual surplus / annual deficit EUR 582,954.38
Provisions EUR 1,204,973.76
Liabilities EUR 1,228,573.92
Other liabilities EUR 33,374.00
Deferred taxes (not included under
provisions/liabilities) EUR 33,374.00
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 5,381,513.85
Fixed assets EUR 194,464.64
Intangible assets EUR 8,592.00
Tangible assets EUR 184,383.00
Financial assets EUR 1,489.64
Current assets EUR 5,178,992.83
Stocks EUR 1,617,831.63
Accounts receivable EUR 3,450,152.26
Liquid means EUR 111,008.94
Remaining other assets EUR 8,056.38
Accruals (assets) EUR 8,056.38
LIABILITIES EUR 5,381,513.85
Shareholders' equity EUR 1,995,644.55
Capital EUR 1,000,000.00
Subscribed capital (share capital) EUR
1,000,000.00
Balance sheet profit/loss (+/-) EUR 995,644.55
Profit / loss brought forward EUR 394,963.71
Annual surplus / annual deficit EUR 600,680.84
Provisions EUR 662,402.76
Liabilities EUR 2,710,670.54
Other liabilities EUR 12,796.00
Deferred taxes (not included under
provisions/liabilities) EUR 12,796.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.04 |
|
|
1 |
INR 92.28 |
|
Euro |
1 |
INR 80.62 |
|
Euro |
1 |
INR 80.25 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRA |
|
|
|
|
Report Prepared
by : |
TRU |
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.