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MIRA INFORM REPORT
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Report No. : |
509198 |
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Report Date : |
12.05.2018 |
IDENTIFICATION DETAILS
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Name : |
TEXTILCHEMIE DR. PETRY GMBH |
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Registered Office : |
Ferdinand-Lassalle-Str. 57, D 72770
Reutlingen |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
19.11.1974 |
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Com. Reg. No.: |
HRB 351339 |
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Legal Form : |
Private Limited
Company |
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Line of Business : |
·
Manufacture of other chemical products
n.e.c. · Other research and experimental development on natural sciences and engineering |
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No. of Employees : |
55 |
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 : |
Good |
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Payment Behaviour : |
Regular |
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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
TEXTILCHEMIE DR. PETRY GMBH
Company Status: active
Ferdinand-Lassalle-Str. 57
D 72770 Reutlingen
Telephone:07121/95890
Telefax:
07121/95890-33
Homepage: www.drpetry.de
E-mail:
office@drpetry.de
VAT
no.: DE146483115
CONCLUSION
Business relations are permissible.
LEGAL FORM Private Limited Company
Date of foundation: 19.11.1974
Shareholders'
agreement: 22.10.1976
Registered on: 02.03.1977
Commercial Register: Local court 70190
Stuttgart
under: HRB 351339
Share capital: EUR 400,000.00
Shareholder:
Dr. Friedrich Petry
Steinenbergstr. 44
D 72764 Reutlingen
born: 05.02.1972
Share: EUR 252,000.00
Shareholder:
Dr. Carolin Petry-Münch
D 72070 Tübingen
Share: EUR 54,000.00
Shareholder:
Constanze Dehnen
D 82319 Starnberg
Share: EUR 54,000.00
Shareholder:
Rudi Breier
D 72762 Reutlingen
Share: EUR 20,000.00
Shareholder:
Dr. Rolf Stöhr
D 72810 Gomaringen
Share: EUR 20,000.00
Manager:
Dr. Friedrich Petry
Steinenbergstr. 44
D 72764
Reutlingen
born: 05.02.1972
Marital status: married
Proxy:
Rudi Breier
D 72762 Reutlingen
having sole power of
representation
Proxy:
Dr. Rolf Stöhr
D 72810 Gomaringen
having sole power of
representation
Further functions/participations of Dr.
Friedrich Petry (Manager)
Shareholder:
brandoscope GmbH
Waldhäuser Str. 75
D 72076 Tübingen
Legal form: Private
limited company
Share capital: EUR 50,000.00
Share: EUR 31,500.00
Registered
on: 13.08.2008
Reg. data: 70190 Stuttgart, HRB 727067
Manager:
brandoscope GmbH
Waldhäuser Str. 75
D 72076 Tübingen
Legal form: Private
limited company
Share capital: EUR 50,000.00
Registered
on: 13.08.2008
Reg. data: 70190 Stuttgart, HRB 727067
COMPANY
HISTORY
company name and legal form
02.06.1979 - 31.12.1992 Textilchemie Dr. Petry GmbH
Albstr. 52
D 72764 Reutlingen
Private limited company
22.10.1976 - 01.06.1979 Textilchemie Dr. Petry GmbH
D 72760 Reutlingen
Private limited
company
19.11.1974 - 21.10.1976 Dr. Jörg Petry
D 72661 Grafenberg
Unregistered
commercial enterprise
RESIGNED
ACTING PERSONS AND SHAREHOLDERS
29.11.1993 - 06.11.2017 Manager
Dr. Jörg Petry
Helenenweg 4
D 72764 Reutlingen
BUSINESS
ACTIVITIES
Main industrial sector
2059
Manufacture of other chemical products n.e.c.
Secondary industrial sector
7219
Other research and experimental development on natural sciences and
engineering
FINANCIAL
INFORMATION
Payment experience: Regular
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 Ferdinand-Lassalle-Str. 57
D 72770 Reutlingen
Land
register documents were not available.
BANKERS
Principal bank
VOLKSBANK ERMSTAL-ALB, 72555 METZINGEN
Sort. code: 64091200, Account no.: 260600008
BIC: GENODES1MTZ, IBAN: DE52640912000260600008
FINANCIAL FIGURES
Gross profit or loss:2016 EUR 7,958,013.00
Profit: 2016 EUR 558,278.00
Ac/ts receivable: EUR 4,896,320.00
Liabilities: EUR 2,773,956.00
Total numbers of vehicles: 7
Employees:
55
BALANCE
SHEETS
Balance sheet ratios 01.01.2016 - 31.12.2016
Equity ratio [%]: 53.21
Liquidity ratio: 2.56
Return on total capital [%]: 5.45
Balance sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]: 53.79
Liquidity ratio: 2.83
Return on total capital [%]: 5.87
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 58.41
Liquidity ratio: 3.53
Return on total capital [%]: 6.56
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 55.20
Liquidity ratio: 3.00
Return on total capital [%]: 5.11
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 10,273,756.42
Fixed assets
EUR 1,525,329.17
Intangible assets
EUR 21,820.12
Concessions, licences, rights
EUR 11,770.12
Advance payments for intang. assets
EUR 10,050.00
Tangible assets EUR 572,595.51
Financial assets
EUR 930,913.54
Current assets
EUR 8,729,659.86
Stocks
EUR 3,447,991.64
Accounts receivable
EUR 4,896,319.89
Other debtors and assets
EUR 4,896,319.89
Liquid means
EUR 385,348.33
Remaining other assets
EUR 18,767.39
Accruals
(assets) EUR 18,767.39
LIABILITIES EUR 10,273,756.42
Shareholders' equity
EUR 4,992,778.56
Capital
EUR 400,000.00
Subscribed capital (share capital)
EUR 400,000.00
Reserves
EUR 360,256.00
Capital reserves
EUR 360,256.00
Balance sheet profit/loss (+/-)
EUR 4,232,522.56
Balance sheet profit / loss
EUR 4,232,522.56
Provisions
EUR 2,507,022.00
Liabilities
EUR 2,773,955.86
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 7,958,013.45
Staff expenses
EUR 3,774,519.29
Wages and salaries
EUR 3,164,313.97
Social security contributions and
expenses for pension plans and
benefits
EUR 610,205.32
Total depreciation
EUR 143,703.52
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 143,703.52
Other operating expenses
EUR 3,484,605.25
Operating result from continuing
operations
EUR 555,185.39
Result from participating interests
(+/-)
EUR 229,645.00
Expenses / income from participations EUR 229,645.00
Income from related companies
EUR 229,645.00
Interest result (+/-)
EUR -81,180.59
Interest and similar income
EUR 1,571.28
Interest and similar expenses
EUR 82,751.87
Other financial result
EUR 6,689.55
Income
from securities and loans from
financial assets
EUR 6,689.55
thereof related companies
EUR 6,689.55
Financial result (+/-)
EUR 155,153.96
Result from ordinary operations (+/-)
EUR 710,339.35
Income tax / refund of income tax (+/-)EUR -149,435.85
Other taxes / refund of taxes
EUR -2,625.11
Tax
(+/-)
EUR -152,060.96
Annual surplus / annual deficit
EUR 558,278.39
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 9,924,529.08
Fixed assets
EUR 1,545,444.00
Intangible assets
EUR 6,558.67
Tangible assets
EUR 448,981.68
Financial assets
EUR 1,089,903.65
Current assets
EUR 8,358,828.70
Stocks
EUR 3,480,766.47
Accounts receivable
EUR 4,550,477.45
Liquid means
EUR 327,584.78
Remaining other assets
EUR 20,256.38
Accruals (assets)
EUR 20,256.38
LIABILITIES EUR 9,924,529.08
Shareholders' equity
EUR 4,734,500.17
Capital
EUR 400,000.00
Reserves
EUR 360,256.00
Capital reserves
EUR 360,256.00
Balance sheet profit/loss (+/-)
EUR 3,974,244.17
Balance sheet profit / loss
EUR 3,974,244.17
Provisions
EUR 2,650,850.00
Liabilities
EUR 2,539,178.91
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 7,852,462.43
Staff expenses
EUR 3,683,686.82
Wages and salaries
EUR 2,930,433.21
Social security contributions and
expenses for pension plans and
benefits
EUR 753,253.61
Total depreciation EUR 126,510.26
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 126,510.26
Other operating expenses
EUR 3,442,512.20
Operating
result from continuing
operations
EUR 599,753.15
Result from participating interests
(+/-)
EUR 281,557.95
Expenses / income from participations EUR 281,557.95
Income from related companies
EUR 281,557.95
Interest result (+/-)
EUR -85,070.52
Interest and similar income
EUR 1,795.26
Interest and similar expenses
EUR 86,865.78
Other financial result
EUR 7,171.50
Income from securities and loans from
financial assets
EUR 7,171.50
Financial result (+/-)
EUR 203,658.93
Result from ordinary operations (+/-)
EUR 803,412.08
Income tax / refund of income tax (+/-)EUR -214,569.59
Other taxes / refund of taxes
EUR -6,623.92
Tax
(+/-) EUR -221,193.51
Annual surplus / annual deficit
EUR 582,218.57
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 67.22 |
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1 |
INR 90.87 |
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Euro |
1 |
INR 80.09 |
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EUR |
1 |
INR 80.60 |
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 : |
TPT |
RATING EXPLANATIONS
|
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.