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MIRA INFORM REPORT
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Report No. : |
512287 |
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Report Date : |
29.05.2018 |
IDENTIFICATION DETAILS
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Name : |
RÄTZEL
GENA GMBH |
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Registered Office : |
Am
Akazienplatz 1 D 39264 Pulspforde |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
16.12.2005 |
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Com. Reg. No.: |
HRB 5176 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Manufacture of condiments and seasonings ·
Manufacture of other plastic products. |
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No. of Employees : |
16 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Moderate |
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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
Rätzel
GENA GmbH
Company
Status: active
Am Akazienplatz 1
D 39264 Pulspforde
Telephone:03923/6121-0
Telefax:
03923/6121-19
Homepage:
www.raetzel.com
E-mail:
info@raetzel.com
LEGAL
FORM Private limited company
Date
of foundation: 16.12.2005
Shareholders'
agreement: 16.12.2005
Registered
on: 01.03.2006
Commercial
Register: Local court 39576 Stendal
under: HRB
5176
Share
capital: EUR 25,000.00
Shareholder:
Michael Rätzel
Jütrichauer Str. 4
D 39261 Zerbst
born: 01.01.1976
Share: EUR 25,000.00
Manager:
Michael Rätzel
Jütrichauer Str. 4
D 39261 Zerbst
having sole power of representation
born: 01.01.1976
Further
functions/participations of Michael Rätzel (Manager)
Shareholder:
HANS-FELIX RÄTZEL GmbH
Am Akazienplatz 1
D 39264 Pulspforde
Legal form: Private
limited company
Share capital: EUR 76,693.77
Share: EUR 25,564.59
Registered
on: 25.11.1991
Reg. data: 39576 Stendal, HRB 11481
Shareholder:
ZGL GmbH
Am Akazienplatz 1
D 39264 Pulspforde
Legal form: Private limited
company
dissolved by
official decree
Share capital: EUR 25,000.00
Share: EUR 3,750.00
Registered
on: 29.11.2007
Reg. data: 39576 Stendal, HRB 7102
Manager:
HANS-FELIX RÄTZEL GmbH
Am Akazienplatz 1
D 39264 Pulspforde
Legal form: Private
limited company
Share capital: EUR 76,693.77
Registered
on: 25.11.1991
Reg. data: 39576 Stendal, HRB 11481
BUSINESS
ACTIVITIES
Main
industrial sector
10840 Manufacture of condiments and seasonings
2229 Manufacture of other plastic products
Payment
experience: No Complaints
Negative
information: We have no negative information at hand.
Balance
sheet year: 2016
Events
Index: 1
At present, NO events are
known.
The Events Index indicates
if any particular
events have occurred, such
as e.g. a
relocation of registered
office or a change
within management. On the basis
of number,
relevance and
up-to-dateness of the events
an index value ranging
from 1 (no events) to
5 is calculated. Companies
showing a
particularly large number of events
receive
the index 6.
REAL
ESTATE
Type
of ownership: Tenant
Address Am Akazienplatz 1
D 39264 Pulspforde
Real
Estate of: Michael Rätzel
Type
of ownership: unknown
Address Jütrichauer Str. 4
D 39261 Zerbst
Land
register documents were not available.
BANKERS
COMMERZBANK
VORMALS DRESDNER BANK, 06005 HALLE (SAALE)
Sort.
code: 80080000
BIC:
DRESDEFF800
FINANCIAL
FIGURES
Turnover: 2017 *EUR 2,760,000.00
Profit: 2016 EUR 97,848.00
further
business figures:
Equipment: *EUR 96,000.00
Ac/ts
receivable: EUR 955,117.00
Liabilities: EUR 1,964,240.00
Employees:
16
The
business figures marked with an asterisk are estimates based
on average values in the line of business.
BALANCE
SHEETS
Balance
sheet ratios 01.01.2016 - 31.12.2016
Equity
ratio [%]: 46.19
Liquidity
ratio: 0.54
Return
on total capital [%]: 2.47
Balance
sheet ratios 01.01.2015 - 31.12.2015
Equity
ratio [%]: 45.90
Liquidity
ratio: 0.54
Return
on total capital [%]: 2.04
Balance
sheet ratios 01.01.2014 - 31.12.2014
Equity
ratio [%]: 40.32
Liquidity
ratio: 0.39
Return
on total capital [%]: 2.90
Balance
sheet ratios 01.01.2013 - 31.12.2013
Equity
ratio [%]: 40.05
Liquidity
ratio: 0.32
Return
on total capital [%]: 4.34
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 3,956,429.60
Fixed assets EUR 2,354,129.51
Tangible assets EUR 2,354,129.51
Current assets EUR 1,602,300.09
Stocks EUR 442,157.09
Accounts receivable EUR 955,117.05
Liquid means EUR 205,025.95
LIABILITIES EUR 3,956,429.60
Shareholders' equity EUR 1,759,784.97
Capital EUR 25,000.00
Subscribed capital (share capital) EUR 25,000.00
Balance sheet profit/loss (+/-) EUR 1,734,784.97
Profit / loss brought forward EUR 1,636,936.52
Annual surplus / annual deficit EUR 97,848.45
Items between shareholders' equity and
debt capital EUR 135,771.57
Allowances / bonuses EUR 135,771.57
Provisions EUR 96,633.00
Liabilities EUR 1,964,240.06
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 3,788,243.76
Fixed assets EUR 2,424,272.38
Tangible assets EUR 2,424,272.38
Current assets EUR 1,363,971.38
Stocks
EUR 274,959.58
Accounts receivable EUR 892,944.40
Liquid means EUR 196,067.40
LIABILITIES EUR 3,788,243.76
Shareholders' equity EUR 1,664,795.74
Capital EUR 25,000.00
Subscribed capital (share capital) EUR 25,000.00
Balance sheet profit/loss (+/-) EUR 1,639,795.74
Profit / loss brought forward EUR 1,562,537.37
Annual surplus / annual deficit EUR 77,258.37
Items between shareholders' equity and
debt capital EUR 147,989.57
Allowances / bonuses EUR 147,989.57
Provisions EUR 119,787.72
Liabilities EUR 1,855,670.73
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 67.44 |
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1 |
INR 89.88 |
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Euro |
1 |
INR 79.00 |
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Euro |
1 |
INR 78.19 |
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 : |
DNS |
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.