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MIRA INFORM REPORT
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Report No. : |
507871 |
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Report Date : |
04.05.2018 |
IDENTIFICATION DETAILS
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Name : |
ALUCOLOR TEXTILMASCHINEN GMBH |
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Registered Office : |
Industriestr. 12-16, D 42929 Wermelskirchen |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
09.04.2009 |
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Com. Reg. No.: |
HRB 66148 |
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Legal Form : |
Private limited company |
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Line of Business : |
Manufacture of machinery for textile, apparel and
leather production |
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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 and address
Report on: ALUCOLOR Textilmaschinen GmbH
Company Status: active
Industriestr. 12-16
D 42929 Wermelskirchen
Telephone: 02196/7290018
Telefax: 02196/7290010
Homepage: www.alucolor.de
E-mail: mail@alucolor.de
VAT no.: DE815078254
Tax ID number: 230/5700/2233
Company
summary
Legal Form Private limited company
Date of foundation: 09.04.2009
Shareholders'
agreement: 09.04.2009
Registered on: 29.05.2009
Commercial Register: Local court 50939 Köln
under: HRB 66148
Share capital: EUR 70,000.00
Shareholder:
Walter vom Stein
Dabringhauser Str. 20
D 42929 Wermelskirchen
born: 19.08.1957
Share: EUR 70,000.00
Manager:
Walter vom Stein
Dabringhauser Str. 20
D 42929 Wermelskirchen
having sole power of representation
born: 19.08.1957
Profession: graduate engineer
Marital status: married
Further functions/participations of Walter vom Stein (Manager)
General partner:
Steintex Walter vom Stein KG
Industriestr. 16
D 42929 Wermelskirchen
Legal form: Limited partnership
Total cap. EUR 4,601.63
contribution:
Registered
on: 21.02.1967
Reg. data: 50939 Köln, HRA 15871
General partner:
Gerhard Conze KG
Industriestr. 12-16
D 42929 Wermelskirchen
Legal form: Limited partnership
Total cap. EUR 4,218.15
contribution:
Registered
on: 22.03.2002
Reg. data: 50939 Köln, HRA 16227
Shareholder:
MaKo Immobilien GmbH
Industriestr. 12-16
D 42929 Wermelskirchen
Legal form: Private limited company
Share capital: EUR 25,000.00
Share: EUR 17,500.00
Registered
on: 05.05.2015
Reg. data: 50939 Köln, HRB 84274
Shareholder:
Intercord GmbH
Am Alten Bahndamm 7
D 99974 Mühlhausen
Legal form: Private limited company
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 05.07.2017
Reg. data: 07745 Jena, HRB 513565
Manager:
Intercord GmbH
Am Alten Bahndamm 7
D 99974 Mühlhausen
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 05.07.2017
Reg. data: 07745 Jena, HRB 513565
Manager:
Intercord Thüringen GmbH
Am Alten Bahndamm 7
D 99974 Mühlhausen
Legal form: Private limited company
Share capital: EUR 6,124,000.00
Registered
on: 31.01.1996
Reg. data: 07745 Jena, HRB 403568
Manager:
MaKo Immobilien GmbH
Industriestr. 12-16
D 42929 Wermelskirchen
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 05.05.2015
Reg. data: 50939 Köln, HRB 84274
BUSINESS
ACTIVITIES
Main industrial sector
2894 Manufacture of machinery for textile, apparel and leather production
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 Industriestr. 12-16
D 42929 Wermelskirchen
Real Estate of: Walter vom Stein
Type of ownership: unknown
Address Dabringhauser Str. 20
D 42929 Wermelskirchen
Land register documents were not available.
BANKERS
STADTSPARKASSE WERMELSKIRCHEN, 42904 WERMELSKIRCHEN
Sort. code: 34051570
BIC: WELADED1WMK
FINANCIAL
FIGURES
Profit: 2016 EUR -32,415.00
Ac/ts
receivable:
EUR 119,253.00
Liabilities: EUR 348,220.00
The number of employees is not known.
BALANCE
SHEETS
Balance sheet ratios
01.01.2016 - 31.12.2016
Equity ratio
[%]: 31.75
Liquidity
ratio: 0.68
Return on total
capital [%]: -4.42
Balance sheet ratios
01.01.2015 - 31.12.2015
Equity ratio
[%]: 38.05
Liquidity
ratio: 0.37
Return on total
capital [%]: 5.85
Balance sheet ratios
01.01.2014 - 31.12.2014
Equity ratio
[%]: 29.62
Liquidity
ratio: 0.08
Return on total
capital [%]: -4.71
Balance sheet ratios
01.01.2013 - 31.12.2013
Equity ratio
[%]: 32.63
Liquidity
ratio: 0.33
Return on total
capital [%]: 5.49
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 733,523.06
Fixed assets EUR 212,664.00
Intangible assets EUR 1,001.00
Tangible assets EUR 211,663.00
Current assets EUR 508,541.45
Stocks EUR 216,293.43
Accounts receivable EUR 119,253.05
Liquid means EUR 172,994.97
Remaining other
assets EUR 12,317.61
Accruals (assets) EUR 12,317.61
LIABILITIES EUR 733,523.06
Shareholders' equity EUR
233,271.65
Capital EUR 70,000.00
Subscribed capital
(share capital) EUR 70,000.00
Reserves EUR 157,564.46
Retained earnings /
revenue reserves EUR
157,564.46
Balance sheet
profit/loss (+/-) EUR 5,707.19
Profit / loss brought
forward EUR 38,122.64
Annual surplus / annual
deficit EUR -32,415.45
Provisions EUR 121,253.00
Liabilities EUR 348,220.11
Other liabilities EUR 30,778.30
Deferrals
(liabilities) EUR 2,769.30
Deferred taxes (not
included under
provisions/liabilities)
EUR 28,009.00
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 828,876.03
Fixed assets EUR 231,645.00
Intangible assets EUR 1,001.00
Tangible assets EUR 230,644.00
Current assets EUR 594,046.90
Stocks EUR 416,100.25
Accounts receivable EUR 105,363.25
Liquid means EUR 72,583.40
Remaining other
assets EUR 3,184.13
Accruals (assets) EUR 3,184.13
LIABILITIES EUR 828,876.03
Shareholders' equity EUR 265,687.10
Capital EUR 70,000.00
Subscribed capital
(share capital) EUR 70,000.00
Reserves EUR 157,564.46
Retained earnings /
revenue reserves EUR
157,564.46
Balance sheet
profit/loss (+/-) EUR 38,122.64
Profit / loss brought
forward EUR -649.86
Balance sheet profit /
loss EUR 38,772.50
Provisions EUR 122,293.00
Liabilities EUR 409,814.07
Other liabilities EUR 31,081.86
Deferrals
(liabilities) EUR 1,903.86
Deferred taxes (not
included under
provisions/liabilities)
EUR 29,178.00
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 66.61 |
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1 |
INR 90.60 |
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Euro |
1 |
INR 79.86 |
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Euro |
1 |
INR 79.97 |
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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VIV |
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Report Prepared
by : |
SYL |
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.