MIRA INFORM REPORT

 

 

Report Date :           

16.06.2011

 

IDENTIFICATION DETAILS

 

Name :

SPRINGER GMBH

 

 

Registered Office :

Herrenpfad-Süd 4c, D 41334 Nettetal

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

01.10.1996             

 

 

Com. Reg. No.:

HRB 8428

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Construction of utility projects for fluids

 

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 :

72,500 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, 2011

 

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 & address

 

 Bottom of Form

Springer GmbH

 

Main address:       

Herrenpfad-Süd 4c

D 41334 Nettetal

Telephone:02157/89650

Telefax:  02157/896540

Homepage: www.springer-gmbh.de

E-mail:   info@springer-gmbh.de

 

 

VAT no.        

 

DE812083057

 

Synthesis

 

LEGAL FORM               Private limited company

Date of foundation:      10.09.1996

Shareholders'

agreement:                  10.09.1996

Registered on:             01.10.1996

Commercial Register: Local court 47798 Krefeld

under:                                      HRB 8428

Share capital:                EUR            127,822.98

 

 

Shareholder

 

Christoph Springer

Moersenstr. 40

D 41749 Viersen

born: 24.08.1965

Share:             EUR             63,911.49

 

Shareholder:

Anne Springer

Moersenstr. 40

D 41749 Viersen

born: 07.02.1971

Share:             EUR             63,911.49

Manager

 

Christoph Springer

Moersenstr. 40

D 41749 Viersen

having sole power of representation

born: 24.08.1965

Profession: Businessman

Marital status: married

 

 

Proxy

 

Ralf Theodor Kathagen

D 41334 Nettetal

authorized to jointly represent the company

born: 22.02.1972

 

Proxy:

Klaus Lambertz

D 41366 Schwalmtal

authorized to jointly represent the company

born: 09.11.1963

 

 

COMPANY HISTORY

 

01.10.1996 - 07.11.2000  Springer GmbH

                         Herrenpfad-Süd 36

                         D 41334 Nettetal

                         Private limited company

08.11.2000 - 08.11.2000  Springer GmbH

                         Herrenpfad-Süd 4c

                         D 41334 Nettetal

                         Private limited company

 

 

BUSINESS ACTIVITIES

 

Sectors

42210   Construction of utility projects for fluids

46721   Wholesale of iron ores, iron, steel and iron and steel semi-finished goods

46722   Wholesale of non-ferrous ores, metals and metal semi-finished goods

4674   Wholesale of hardware, plumbing and heating equipment and supplies

 

 

 

BRANCHES AND FACTORIES

 

Branch:

                     Springer GmbH

                     Ringstr. 2

                     D 99885 Ohrdruf

 

 

FINANCIAL INFORMATION

 

Payment experience:              cash discount/within agreed terms

 

Negative information:  We have no negative information at hand.

 

Maximum credit:         72,500 EUR

 

Balance sheet year:     2009

 

 

REAL ESTATE

 

Type of ownership:   Tenant

Address              Herrenpfad-Süd 4c

                        D 41334 Nettetal

 

Real Estate of:      Christoph Springer

Type of ownership:   unknown

Address              Moersenstr. 40

                          D 41749 Viersen

 

Land register documents were not available.

 

 

BANKERS

 

COMMERZBANK FIL NETTETAL-LOBBERICH, NETTETAL

Sort. code: 31040015, BIC: COBADEFF310

 

SPARKASSE KREFELD, KREFELD

Sort. code: 32050000, BIC: SPKRDE33XXX

 

UNICREDIT BANK - HYPOVEREINSBANK, LINDAU (BODENSEE)

Sort. code: 60020290, BIC: HYVEDEMM473

 

SPARKASSE KREFELD, VIERSEN

Sort. code: 32050000, BIC: SPKRDE33XXX

 

 

FINANCIAL FIGURES

 

Gross profit or loss:2009               EUR          4,268,117.00

Profit:              2009               EUR            825,399.00

Total numbers of vehicles:                                     10

- Lorries:                                                      1

- Passenger cars:                                               9

Employees:                                                     41

 

 

BALANCE SHEETS

 

Balance sheet ratios 01.01.2009 - 31.12.2009

Equity ratio [%]:                 70.94

Liquidity ratio:                   0.35

Return on total capital [%]:       9.89

 

Balance sheet ratios 01.01.2008 - 31.12.2008

Equity ratio [%]:                 61.26

Liquidity ratio:                   0.39

Return on total capital [%]:      16.48

 

Balance sheet ratios 01.01.2007 - 31.12.2007

Equity ratio [%]:                 45.66

Liquidity ratio:                   0.34

Return on total capital [%]:      13.72

 

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          8,534,338.94

 Fixed assets                           EUR          3,362,267.10

  Intangible assets                     EUR              2,043.00

   Other / unspecified intangible assetsEUR              2,043.00

  Tangible assets                       EUR          3,360,224.10

   Land / similar rights                EUR          1,340,978.60

   Plant / machinery                    EUR          1,571,509.00

   Other tangible assets / fixtures and

   fittings                             EUR            447,736.50

 Current assets                         EUR          5,140,657.00

  Stocks                                EUR          4,301,738.35

  Accounts receivable                   EUR            668,947.73

   Other debtors and assets             EUR            668,947.73

  Liquid means                          EUR            169,970.92

 Remaining other assets                 EUR             31,414.84

  Accruals (assets)                     EUR             31,414.84

 

LIABILITIES                             EUR          8,534,338.94

 Shareholders' equity                   EUR          6,041,287.92

  Capital                               EUR            127,822.97

   Subscribed capital (share capital)   EUR            127,822.97

  Balance sheet profit/loss (+/-)       EUR          5,913,464.95

   Profit / loss brought forward        EUR          5,088,066.34

   Annual surplus / annual deficit      EUR            825,398.61

 Provisions                             EUR            415,620.05

 Liabilities                            EUR          2,077,430.97

  Financial debts                       EUR            823,829.40

   Liabilities due to banks             EUR            823,829.40

  Other liabilities                     EUR          1,253,601.57

   Unspecified other liabilities        EUR          1,253,601.57

 

Profit and loss account (cost-summary method) according to Comm.

Code (HGB)

 Gross result (+/-)                     EUR          4,268,117.30

 Staff expenses                         EUR          1,582,795.84

  Wages and salaries                    EUR          1,372,352.17

  Social security contributions and

  expenses for pension plans and

  benefits                              EUR            210,443.67

 Total depreciation                     EUR            502,908.62

  Depreciation on tangible / intangible

  asssets (incl. start-up and exp. of

  bus.                                  EUR            502,908.62

 Other operating expenses               EUR            983,219.67

 Operating result from continuing

 operations                             EUR          1,199,193.17

 Interest result (+/-)                  EUR            -62,308.14

  Interest and similar income           EUR              2,100.76

  Interest and similar expenses         EUR             64,408.90

 Financial result (+/-)                 EUR            -62,308.14

 Result from ordinary operations (+/-)  EUR          1,136,885.03

 Extraordinary income                   EUR             11,379.59

 Extraordinary expenses                 EUR             29,707.00

 Extraordinary result (+/-)             EUR            -18,327.41

 Income tax / refund of income tax (+/-)EUR           -293,132.80

 Other taxes / refund of taxes          EUR                -26.21

 Tax (+/-)                              EUR           -293,159.01

 Annual surplus / annual deficit        EUR            825,398.61

 

Type of balance

sheet:               Company balance sheet

 

Financial year:      01.01.2008 - 31.12.2008

 

ASSETS                                  EUR          8,506,598.34

 Fixed assets                           EUR          2,715,064.10

  Intangible assets                     EUR             25,871.00

   Advance payments for intang. assets  EUR             25,871.00

  Tangible assets                       EUR          2,689,193.10

   Land / similar rights                EUR          1,315,664.60

   Plant / machinery                    EUR            652,954.50

   Other tangible assets / fixtures and

   fittings                             EUR            463,991.00

   Advance payments made / construction

   in progress                          EUR            256,583.00

 Current assets                         EUR          5,747,383.54

  Stocks                                EUR          4,589,690.84

  Accounts receivable                   EUR          1,034,906.06

   Other debtors and assets             EUR          1,034,906.06

  Liquid means                          EUR            122,786.64

 Remaining other assets                 EUR             44,150.70

  Accruals (assets)                     EUR             44,150.70

 

LIABILITIES                             EUR          8,506,598.34

 Shareholders' equity                   EUR          5,215,889.31

  Capital                               EUR            127,822.97

   Subscribed capital (share capital)   EUR            127,822.97

  Balance sheet profit/loss (+/-)       EUR          5,088,066.34

   Profit / loss brought forward        EUR          3,688,562.30

   Annual surplus / annual deficit      EUR          1,399,504.04

 Provisions                             EUR            497,288.08

 Liabilities                            EUR          2,793,420.95

  Financial debts                       EUR          1,308,502.62

   Liabilities due to banks             EUR          1,308,502.62

  Other liabilities                     EUR          1,484,918.33

   Unspecified other liabilities        EUR          1,484,918.33

    thereof liabilities from tax /

    financial authorities               EUR            249,289.74

    thereof liabilities from social

    security                            EUR                350.00

 

Profit and loss account (cost-summary method) according to Comm.

Code (HGB)

 Gross result (+/-)                     EUR          5,051,238.50

 Staff expenses                         EUR          1,673,740.53

  Wages and salaries                    EUR          1,456,104.78

  Social security contributions and

  expenses for pension plans and

  benefits                              EUR            217,635.75

 Total depreciation                     EUR            369,513.70

  Depreciation on tangible / intangible

  asssets (incl. start-up and exp. of

  bus.                                  EUR            369,513.70

 Other operating expenses               EUR          1,075,170.48

 Operating result from continuing

 operations                             EUR          1,932,813.79

 Interest result (+/-)                  EUR            -92,772.51

  Interest and similar income           EUR                399.59

  Interest and similar expenses         EUR             93,172.10

 Financial result (+/-)                 EUR            -92,772.51

 Result from ordinary operations (+/-)  EUR          1,840,041.28

 Extraordinary income                   EUR             10,095.76

 Extraordinary expenses                 EUR             10,550.36

 Extraordinary result (+/-)             EUR               -454.60

 Income tax / refund of income tax (+/-)EUR           -439,268.72

 Other taxes / refund of taxes          EUR               -813.92

 Tax (+/-)                              EUR           -440,082.64

 Annual surplus / annual deficit        EUR          1,399,504.04

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.68

UK Pound

1

Rs.73.05

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.