MIRA INFORM
REPORT
|
Report Date : |
25.01.2011 |
IDENTIFICATION DETAILS
|
Name : |
STEMMANN-TECHNIK GMBH |
|
|
|
|
Registered Office : |
Niedersachsenstr. 2, D 48465 Schüttorf |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2008 |
|
|
|
|
Date of Incorporation : |
18.10.1984 |
|
|
|
|
Com. Reg. No.: |
HRB
130213 |
|
|
|
|
Legal Form : |
Private
Limited Company |
|
|
|
|
Line of Business : |
Manufacturer
of other electric equipment |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
250.000
EUR |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
|
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name & address
Stemmann-Technik GmbH
Main
address:
Niedersachsenstr. 2
D 48465 Schüttorf
Telephone: 05923/81-0
Telefax: 05923/81-100
Homepage: www.stemmann.de
E-mail: info@stemmann.de
CONCLUSION
Business relations are permissible.
Synthesis
LEGAL FORM Private limited company
Date of foundation: 17.10.1984
Begin of business
activities: 17.10.1984
Shareholders'
agreement: 17.10.1984
Registered on: 18.10.1984
Commercial Register: Local
court 49074 Osnabrück
under: HRB 130213
Share capital:
EUR 2.000.000,00
Shareholder
Fandstan Electric Limited
Craven House
16 Northumberland Avenue
GB - London WC2N 5AP
Legal form: Private limited company
Share: EUR 2.000.000,00
Manager
Michael Grunwald
D 48465 Schüttorf
having sole power of representation
born: 18.01.1959
Proxy
Werner Ütrecht
D 48465 Schüttorf
authorized to jointly represent the company
born: 18.01.1959
Proxy:
Zdenek Husner
D 41564 Kaarst
authorized to jointly represent the company
born: 05.11.1951
COMPANY HISTORY
30.04.2010 - 30.04.2010
Stemmann-Technik GmbH
Quendorfer Str. 34
D
48465 Schüttorf
Private limited company
BUSINESS ACTIVITIES
Sectors
27900 Manufacture of other
electric equipment n.e.c.
43210 Electrical
installation
FINANCIAL INFORMATION
Payment experience: within
agreed terms
Negative information: We
have no negative information at hand.
Maximum credit: 250.000 EUR
Balance sheet year: 2008
REAL ESTATE
Type of ownership:
proprietor
Share: 100,00
%
Address
Quendorfer Str. 34
D 48465 Schüttorf
Size: 40.000,00sq.m
Land register documents were not available.
BANKERS
Principal bank
DEUTSCHE BANK, SCHÜTTORF
Sort. code: 26770095, BIC:
DEUTDE3B267
Further bank
KREISSPARKASSE GRAFSCHAFT BENTHEIM ZU NORDHORN, SCHÜTTORF
Sort. code: 26750001, BIC:
NOLADE21NOH
FINANCIAL FIGURES
Employees:
383
-
thereof permanent staff: 352
-
Trainees:
26
-
Temporary workers: 5
BALANCE SHEETS
Balance sheet ratios 2008
Equity ratio [%]: 49,12
Liquidity ratio: 2,15
Balance sheet ratios 2007
Equity ratio [%]: 37,68
Liquidity ratio: 2,01
Return on total capital [%]: 8,74
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
Financial year: 01.01.2008 - 31.12.2008
ASSETS EUR 40.942.000,00
Fixed assets
EUR 7.044.000,00
Intangible assets
EUR 678.000,00
Concessions, licences, rights
EUR 678.000,00
Tangible assets
EUR 6.341.000,00
Land / similar rights
EUR 1.654.000,00
Plant / machinery EUR 1.712.000,00
Other tangible assets / fixtures and
fittings
EUR 2.666.000,00
Advance payments made / construction
in progress
EUR 309.000,00
Financial assets EUR 25.000,00
Shares in participations /
subsidiaries and the like
EUR 6.000,00
Shares in investee companies
EUR 6.000,00
Loans to participations /
subsidiaries and the like
EUR 19.000,00
Loans to investee companies
EUR 19.000,00
Current assets
EUR 33.898.000,00
Stocks
EUR 15.812.000,00
Raw materials, consumables and
supplies
EUR 6.410.000,00
Finished goods / work in progress
EUR 9.331.000,00
Advance payments made
EUR 71.000,00
Accounts
receivable EUR 12.025.000,00
Trade debtors
EUR 10.835.000,00
Amounts due from related companies
EUR 662.000,00
Amounts due from investee companies
EUR 4.000,00
Other debtors and assets
EUR 524.000,00
Investments in current assets
EUR 2.477.000,00
Other investments
EUR 2.477.000,00
Liquid means
EUR 3.584.000,00
LIABILITIES EUR 40.942.000,00
Shareholders' equity
EUR 18.196.000,00
Capital
EUR 2.000.000,00
Subscribed capital (share capital)
EUR 2.000.000,00
Reserves
EUR 1.336.000,00
Capital reserves
EUR 1.336.000,00
Balance sheet profit/loss (+/-)
EUR 14.860.000,00
Profit / loss brought forward
EUR 10.149.000,00
Annual surplus / annual deficit
EUR 4.711.000,00
Provisions
EUR 11.480.000,00
Pension provisions and comparable
provisions
EUR 4.340.000,00
Provisions for taxes
EUR 2.089.000,00
Other / unspecified provisions
EUR 5.051.000,00
Liabilities
EUR 11.266.000,00
Financial debts EUR 2.987.000,00
Liabilities due to banks
EUR 2.987.000,00
Other liabilities
EUR 8.279.000,00
Trade creditors (for IAS incl. bills
of exchange)
EUR 3.224.000,00
Liabilities from received advance
payments
EUR 1.935.000,00
Liabililties due to related companiesEUR 2.087.000,00
Liabilities due to investee companiesEUR 25.000,00
Unspecified other liabilities
EUR 1.008.000,00
thereof liabilities from tax /
financial authorities
EUR 228.000,00
thereof liabilities from social
security
EUR 8.000,00
Profit and loss account (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 76.893.000,00
Inventory change + own costs (+/-)
EUR 2.673.000,00
Inventory change (+/-)
EUR 2.519.000,00
Capitalised own costs
EUR 154.000,00
Other operating income
EUR 922.000,00
Cost of materials
EUR 42.990.000,00
Raw
materials and supplies, purchased
goods
EUR 41.189.000,00
Purchased services
EUR 1.801.000,00
Gross result (+/-)
EUR 37.498.000,00
Staff expenses EUR 19.664.000,00
Wages and salaries
EUR 16.497.000,00
Social security contributions and
expenses for pension plans and
benefits
EUR 3.167.000,00
Total
depreciation EUR 2.024.000,00
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 2.024.000,00
Other operating expenses
EUR 8.862.000,00
Operating result from continuing
operations
EUR 6.948.000,00
Interest result (+/-)
EUR -168.000,00
Interest and similar income
EUR 130.000,00
Interest and similar expenses
EUR 298.000,00
thereof paid to related companies
EUR 116.000,00
Financial result (+/-)
EUR -168.000,00
Result from ordinary operations (+/-)
EUR 6.780.000,00
Income tax / refund of income tax (+/-)EUR -2.046.000,00
Other taxes / refund of taxes
EUR -23.000,00
Tax
(+/-)
EUR -2.069.000,00
Annual surplus / annual deficit
EUR 4.711.000,00
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2007 - 31.12.2007
ASSETS EUR 36.279.000,00
Fixed assets
EUR 7.246.000,00
Intangible assets
EUR 695.000,00
Concessions, licences, rights
EUR 644.000,00
Advance payments for intang. assets
EUR 51.000,00
Tangible assets
EUR 6.480.000,00
Land / similar rights
EUR 2.714.000,00
Plant / machinery
EUR 1.179.000,00
Other tangible assets / fixtures and
fittings
EUR 2.432.000,00
Advance payments made / construction
in progress
EUR 155.000,00
Financial assets
EUR 71.000,00
Shares in participations /
subsidiaries and the like EUR 6.000,00
Shares in investee companies
EUR 6.000,00
Loans to participations /
subsidiaries and the like
EUR 65.000,00
Loans to investee companies
EUR 65.000,00
Current assets
EUR 29.033.000,00
Stocks
EUR 11.966.000,00
Raw materials, consumables and
supplies
EUR 4.897.000,00
Finished goods / work in progress
EUR 6.813.000,00
Advance payments made
EUR 256.000,00
Accounts receivable
EUR 11.070.000,00
Trade debtors
EUR 9.711.000,00
Amounts
due from related companies EUR 633.000,00
Other debtors and assets
EUR 726.000,00
Liquid means
EUR 5.997.000,00
LIABILITIES EUR 36.279.000,00
Shareholders' equity
EUR 13.885.000,00
Capital
EUR 2.000.000,00
Subscribed capital (share capital)
EUR 2.000.000,00
Reserves
EUR 1.336.000,00
Capital reserves
EUR 1.336.000,00
Balance sheet profit/loss (+/-)
EUR 10.549.000,00
Profit / loss brought forward
EUR 7.410.000,00
Annual surplus / annual deficit
EUR 3.139.000,00
Provisions
EUR 10.894.000,00
Pension provisions and comparable
provisions
EUR 4.122.000,00
Provisions for taxes
EUR 2.596.000,00
Other / unspecified provisions
EUR 4.176.000,00
Liabilities
EUR 11.500.000,00
Financial debts
EUR 3.832.000,00
Liabilities due to banks
EUR 3.832.000,00
Other liabilities
EUR 7.668.000,00
Trade creditors (for IAS incl. bills
of exchange)
EUR 4.287.000,00
Liabilities from received advance
payments EUR 437.000,00
Liabililties due to related companiesEUR 2.096.000,00
Unspecified other liabilities
EUR 848.000,00
thereof liabilities from tax /
financial authorities EUR 163.000,00
thereof liabilities from social
security
EUR 13.000,00
Profit and loss account (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 63.865.000,00
Inventory change + own costs (+/-)
EUR 499.000,00
Inventory change (+/-)
EUR 323.000,00
Capitalised own costs
EUR 176.000,00
Other operating income EUR 776.000,00
Cost of materials
EUR 34.174.000,00
Raw materials and supplies, purchased
goods
EUR 32.741.000,00
Purchased services
EUR 1.433.000,00
Gross result (+/-)
EUR 30.966.000,00
Staff expenses
EUR 17.552.000,00
Wages and salaries
EUR 14.583.000,00
Social security contributions and
expenses for pension plans and
benefits
EUR 2.969.000,00
Total depreciation
EUR 936.000,00
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 936.000,00
Other operating expenses
EUR 6.808.000,00
Operating result from continuing
operations
EUR 5.670.000,00
Interest result (+/-)
EUR -237.000,00
Interest and similar income
EUR 34.000,00
Interest and similar expenses
EUR 271.000,00
thereof paid to related companies
EUR 0,00
Financial result (+/-)
EUR -237.000,00
Result from ordinary operations (+/-)
EUR 5.433.000,00
Income tax / refund of income tax (+/-)EUR -2.269.000,00
Other taxes / refund of taxes
EUR -25.000,00
Tax
(+/-)
EUR -2.294.000,00
Annual surplus / annual deficit
EUR 3.139.000,00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.58 |
|
|
1 |
Rs.72.79 |
|
Euro |
1 |
Rs.62.01 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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 and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.