MIRA INFORM REPORT

 

 

Report Date :

16.06.2011

 

IDENTIFICATION DETAILS

 

Name :

SCHUHMACHER GMBH

 

 

Registered Office :

Bruchstücker 3,  D 76661 Philippsburg

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

1976

 

 

Com. Reg. No.:

HRB 250705

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Wholesale of Iron Ores, Iron, Steel and Iron and Steel Semi-Finished Goods.

 

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 – March 31st, 2010

 

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

Germany

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name

 

Schuhmacher GmbH

 

 

Main address   

 

Bruchstücker 3

D 76661 Philippsburg

Telephone:07256/92390

Telefax:  07256/923920

Homepage: www.schuhmacher-seb.de

E-mail:   info@schuhmacher-seb.de

 

 

VAT no          

 

DE811814382

 

 

Tax ID number      

 

30064/87545

 

 

LEGAL FORM           Private limited company

Date of foundation          :  1976

Shareholders'

Agreement                    :  20.02.1995

Registered on                :  31.05.2000

Commercial Register      : Local court 68159 Mannheim

Under                            : HRB 250705

Share capital                 : EUR 400,000.00

 

 

Shareholder

 

Wolfgang Schuhmacher

Rotkreuzstr. 15

D 68753 Waghäusel

born: 19.11.1946

Share:             EUR            240,000.00

 

Shareholder:

Marco Schuhmacher

Sachsenallee 6

D 68753 Waghäusel

born: 14.03.1976

Share:             EUR            136,000.00

 

Shareholder:

Michael Schuhmacher

Zwetschgenallee 16

D 68753 Waghäusel

born: 15.06.1973

Share:             EUR             24,000.00

 

 

Manager

 

Marco Schuhmacher

Sachsenallee 6

D 68753 Waghäusel

having sole power of representation

born: 14.03.1976

Profession: Specialist in wholesale and

foreign trade

 

Manager:

Michael Schuhmacher

Zwetschgenallee 16

D 68753 Waghäusel

having sole power of representation

born: 15.06.1973

 

 

COMPANY HISTORY

 

1976 - 1995              Gerda Schuhmacher Klemmleistenvertrieb

                         Rotkreuzstr. 15

                         D 68753 Waghäusel

                         Unregistered commercial enterprise

29.03.1995 - 22.07.1998  Schuhmacher Gmbh

                         Sperberstr. 8

                         D 68753 Waghäusel

                         Private limited company

22.07.1998 - 31.05.2000  Schuhmacher Gmbh

                         Rheinfeldstr. 67

                         D 67354 Römerberg

                         Private limited company

31.05.2000 - 2009        Schuhmacher GmbH

                         Bruchstücker 3

                         D 76661 Philippsburg

                         Private limited company

 

 

RESIGNED ACTING PERSONS AND SHAREHOLDERS

22.09.2003 - 15.07.2009  Manager

                         Michael Schuhmacher

                         D 68753 Waghäusel

 

 

BUSINESS ACTIVITIES

 

Sectors

46721   Wholesale of iron ores, iron, steel and iron and steel

semi-finished goods

 

 

FINANCIAL INFORMATION

 

Payment experience:  within agreed terms

 

Negative information: We have no negative information at hand.

 

Maximum credit:      250,000 EUR

 

Balance sheet year:  2009

 

 

REAL ESTATE

 

Type of ownership:   part owner

Share:                 50.00 %

Address              Bruchstücker 3

                        D 76661 Philippsburg

 

Land register documents were not available.

 

 

BANKERS

 

Principal bank

SPARKASSE KARLSRUHE, KARLSRUHE, BADEN

Sort. code: 66050101, Account no.: 109206409, BIC: KARSDE66XXX

 

Further bank

VOLKSBANK KUR- UND RHEINPFALZ, SPEYER

Sort. code: 54790000, Account no.: 294039, BIC: GENODE61SPE

 

 

FINANCIAL FIGURES

 

Turnover:                       2009               EUR         14,110,741.00

                                    2010               EUR         17,800,000.00

Expected turnover:                                EUR         20,000,000.00

further business figures:

Total numbers of vehicles:                                               5

Employees:                                                                   14

- Part-time employees:                                                   1

- Temporary workers:                                                      3

 

The aforementioned business figures may partly be estimated information based on average values in the line of business.

 

 

BALANCE SHEETS

 

Balance sheet ratios                  01.01.2009 - 31.12.2009

Equity ratio [%]:                         76.57

Liquidity ratio:                            10.00

Return on total capital [%]:         15.40

 

Balance sheet ratios                  01.01.2008 - 31.12.2008

Equity ratio [%]:                         78.34

Liquidity ratio:                            10.00

Return on total capital [%]:         18.12

 

Balance sheet ratios                  01.01.2007 - 31.12.2007

Equity ratio [%]:                         64.93

Liquidity ratio:                            2.39

Return on total capital [%]:         20.47

 

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:      01.01.2009 - 31.12.2009

 

ASSETS                                  EUR          5,533,190.42

 Fixed assets                           EUR            669,007.50

  Intangible assets                     EUR              2,769.00

   Other / unspecified intangible assetsEUR              2,769.00

  Tangible assets                       EUR            666,038.50

   Other / unspecified tangible assets  EUR            666,038.50

  Financial assets                      EUR                200.00

   Other / unspecified financial assets EUR                200.00

 Current assets                         EUR          4,860,976.92

  Stocks                                EUR          1,657,497.73

  Accounts receivable                   EUR          1,503,536.09

   Other debtors and assets             EUR          1,503,536.09

  Liquid means                          EUR          1,699,943.10

 Remaining other assets                 EUR              3,206.00

  Accruals (assets)                     EUR              3,206.00

 

LIABILITIES                             EUR          5,533,190.42

 Shareholders' equity                   EUR          4,237,105.00

  Capital                               EUR            400,000.00

   Subscribed capital (share capital)   EUR            400,000.00

  Balance sheet profit/loss (+/-)       EUR          3,837,105.00

   Profit / loss brought forward        EUR          2,985,132.57

   Annual surplus / annual deficit      EUR            851,972.43

 Provisions                             EUR            217,108.00

 Liabilities                            EUR          1,078,977.42

  Other liabilities                     EUR          1,078,977.42

   Unspecified other liabilities        EUR          1,078,977.42

 

Type of balance

sheet:               Company balance sheet

 

Financial year:      01.01.2008 - 31.12.2008

 

ASSETS                                  EUR          4,319,479.77

 Fixed assets                           EUR            258,275.44

  Intangible assets                     EUR              4,173.00

  Tangible assets                       EUR            253,902.44

  Financial assets                      EUR                200.00

 Current assets                         EUR          4,057,742.13

  Stocks                                EUR          1,017,565.13

  Accounts receivable                   EUR          2,319,908.83

  Liquid means                          EUR            720,268.17

 Remaining other assets                 EUR              3,462.20

  Accruals (assets)                     EUR              3,462.20

 

LIABILITIES                             EUR          4,319,479.77

 Shareholders' equity                   EUR          3,385,132.57

  Capital                               EUR            400,000.00

   Subscribed capital (share capital)   EUR            400,000.00

  Balance sheet profit/loss (+/-)       EUR          2,985,132.57

   Balance sheet profit / loss          EUR          2,985,132.57

 Provisions                             EUR            215,183.00

 Liabilities EUR 719,164.20

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.68

UK Pound

1

Rs.73.04

Euro

1

Rs.64.29

 

 

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

--

NB

                                       New Business

 

--

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.