MIRA INFORM
REPORT
|
Report Date : |
26.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
RASSPE SYSTEMTECHNIK GMBH & CO. KG |
|
|
|
|
Registered Office : |
Albert-Einstein-Str. 15, D 42929
Wermelskirchen, Post Box 50 11 80, D 42904 Wermelskirchen |
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Country : |
Germany |
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|
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Financials (as on) : |
30.09.2009 |
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Date of Incorporation : |
23.06.2008 |
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Com. Reg. No.: |
HRA 26026 |
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|
Legal Form : |
Ltd partnership with priv. ltd. company as general
partner |
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Line of Business : |
Manufacture of other electric equipment n |
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 : |
117.000 EUR |
|
Status : |
Satisfactory |
|
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 – 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 |
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Restricted |
C2 |
|
Off-credit |
D |
Company name & address
Rasspe Systemtechnik
GmbH & Co. KG
Main address:
Albert-Einstein-Str. 15
D 42929
Wermelskirchen
Post Box:
50 11 80, D 42904
Wermelskirchen
Telephone: 02196/8820-0
Telefax: 02196/8820-150
Homepage: www.rasspe.de
E-mail: info@rasspe.de
VAT no.
DE812870400
Synthesis
LEGAL FORM Ltd
partnership with priv. ltd. company as
general partner
Date of foundation: 01.01.2000
Begin of business
activities: 07.02.2000
Registered on: 23.06.2008
Register of
companies: Local
court 50939 Köln
under: HRA
26026
Total cap. contribution: EUR
500.000,00
Limited partner
SMF-Holding GmbH
Am Sportplatz 1
D 57612
Eichelhardt
Legal form:
Private limited company
Share
capital: EUR 200.000,00
Share: EUR 300.000,00
Registered on:
18.12.2003
Reg. data: 56410 Montabaur,
HRB 14772
Limited partner:
Franz Greisbach
USA - Amber Court
born: 13.02.1948
Share: EUR 150.000,00
Limited partner:
Michael Flanhardt
D 40764 Langenfeld
born: 02.08.1958
Share: EUR 50.000,00
General partner
Rasspe
Systemtechnik Verwaltungs GmbH
Albert-Einstein-Str.
15
D 42929
Wermelskirchen
Legal form:
Private limited company
Share
capital: EUR 25.000,00
Registered on:
29.07.2008
Reg. data: 50939
Köln, HRB 63665
Shareholder
SMF-Holding GmbH
Am Sportplatz 1
D 57612
Eichelhardt
Legal form:
Private limited company
Share
capital: EUR 200.000,00
Share: EUR 13.750,00
Registered on:
18.12.2003
Reg. data: 56410
Montabaur, HRB 14772
Shareholder:
Frielinghaus
Gesellschaft mit beschränkter
Haftung
Breckerfelder Str.
136
D 58256 Ennepetal
Legal form:
Private limited company
Share
capital: EUR 312.910,63
Share: EUR 6.000,00
Registered on:
08.02.1977
Reg. data: 58097
Hagen, HRB 5686
Shareholder:
Franz Greisbach
USA - Amber Court
born: 13.02.1948
Share: EUR 5.250,00
Manager
Friedrich Wilhelm
(gen. Fred) Schumacher
Zum Heisterholz 15
D 57612 Birnbach
having sole power
of representation
born: 16.08.1958
Profession:
Businessman
Marital status:
married
Manager:
Michael Flanhardt
D 40764 Langenfeld
authorized to
jointly represent the company
born: 02.08.1958
Profession:
graduate engineer
Proxy
Heinrich-Günter
Schumacher
Goldwiese 11
D 57612
Eichelhardt
having sole power
of representation
born: 06.12.1958
Proxy:
Jürgen Glötzer
Hohenzollernstr.
30
D 42287 Wuppertal
authorized to
jointly represent the company
born: 22.06.1956
Profession:
Businessman
Proxy:
Heinrich-Günter
Schumacher
Goldwiese 11
D 57612
Eichelhardt
having sole power
of representation
born: 06.12.1958
Proxy:
Jürgen Glötzer
Hohenzollernstr.
30
D 42287 Wuppertal
authorized to
jointly represent the company
born: 22.06.1956
Profession:
Businessman
COMPANY HISTORY
07.02.2000 - 23.06.2008 Rasspe Systemtechnik GmbH & Co. KG
Stöcken 17
D 42651 Solingen
Ltd partnership with
priv. ltd. company
as general partner
23.06.2008 - 06.08.2008 Rasspe Systemtechnik GmbH & Co. KG
Albert-Einstein-Str.
15
D 42929 Wermelskirchen
Ltd partnership with
priv. ltd. company
as general partner
BUSINESS ACTIVITIES
Secondary industrial sector
2790
Manufacture of other electric equipment n.e.c.
46693
Wholesale of other equipment and accessories for machinery and technical
supplies
FINANCIAL INFORMATION
Payment experience: within periods customary in this trade
Negative information: We have no negative information at hand.
Maximum credit: 117.000
EUR
Balance sheet year: 2008/2009
REAL ESTATE
Type of ownership: Tenant
Address Albert-Einstein-Str.
15
D
42929 Wermelskirchen
Land register documents were not available.
BANKERS
Principal bank
STADT-SPARKASSE SOLINGEN, SOLINGEN
Sort. code: 34250000, Account no.: 5231139,
BIC: SOLSDE33XXX
Further banks
DEUTSCHE BANK, SOLINGEN
Sort. code: 34270094, Account no.: 121533,
BIC: DEUTDEDW342
KREISSPARKASSE ALTENKIRCHEN, ALTENKIRCHEN
(WESTERWALD)
Sort. code: 57351030, Account no.: 2873, BIC:
MALADE51AKI
FINANCIAL FIGURES
Gross profit or loss:2008/2009 EUR 8.991.955,00
Profit:
2008/2009 EUR -231.256,00
Employees:
129
- thereof permanent staff: 123
- Trainees:
6
BALANCE SHEETS
Balance sheet ratios 2008/2009
Equity ratio [%]: 12,51
Liquidity ratio: 0,29
Return on total capital [%]: -3,11
Balance sheet ratios 2007/2008
Equity ratio [%]: 17,17
Liquidity ratio: 0,43
Return on total capital [%]: -4,76
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:
01.10.2008 - 30.09.2009
ASSETS EUR 7.530.682,02
Fixed
assets EUR 1.155.771,41
Intangible
assets EUR 32.090,00
Concessions, licences, rights
EUR 14.197,00
Goodwill
EUR 17.893,00
Tangible
assets EUR 1.123.681,41
Land /
similar rights EUR 261.999,27
Plant /
machinery EUR 394.787,54
Other
tangible assets / fixtures and
fittings
EUR 322.522,84
Advance
payments made / construction
in
progress EUR 144.371,76
Current
assets EUR 6.256.565,51
Stocks EUR 4.213.733,05
Accounts
receivable EUR 1.577.093,07
Other
debtors and assets EUR 1.577.093,07
Investments
in current assets EUR 53.832,75
Liquid
means EUR 411.906,64
Remaining
other assets EUR 118.345,10
Accruals
(assets) EUR 45.914,00
Deficit not
covered by shareholders'
equity EUR 72.431,10
LIABILITIES EUR 7.530.682,02
Shareholders'
equity EUR 0,00
Capital EUR 500.000,00
Reserves
EUR 223.300,77
Retained
earnings / revenue reserves EUR
223.300,77
Balance
sheet profit/loss (+/-) EUR -795.731,87
Profit /
loss brought forward EUR -564.476,31
Annual
surplus / annual deficit EUR -231.255,56
Other
shareholders' equity (+/-) EUR 72.431,10
Limited
partners' share in the loss
not covered
by capital contributions EUR
72.431,10
Provisions EUR 724.098,15
Liabilities EUR 6.806.583,87
Financial
debts EUR 4.171.854,90
Liabilities
due to banks EUR 4.171.854,90
Other
liabilities EUR 2.634.728,97
Liabilities
due to shareholders EUR 1.021.053,63
Unspecified
other liabilities EUR 1.613.675,34
thereof
liabilities from tax /
financial
authorities EUR 62.373,31
Profit and loss account (cost-summary method)
according to Comm.
Code (HGB)
Gross result
(+/-) EUR 8.991.955,22
Staff
expenses EUR 5.771.564,36
Wages and
salaries EUR 4.815.365,16
Social
security contributions and
expenses for
pension plans and
benefits EUR 956.199,20
Total
depreciation EUR 218.726,24
Depreciation
on tangible / intangible
asssets
(incl. start-up and exp. of
bus. EUR 218.726,24
Other operating
expenses EUR 2.699.121,77
Operating
result from continuing
operations EUR 302.542,85
Interest
result (+/-) EUR -493.218,41
Interest and
similar income EUR 5.464,87
Interest and
similar expenses EUR 498.683,28
Financial
result (+/-) EUR -493.218,41
Result from
ordinary operations (+/-) EUR -190.675,56
Income tax /
refund of income tax (+/-)EUR
-37.443,00
Other taxes /
refund of taxes EUR -3.137,00
Tax
(+/-)
EUR -40.580,00
Annual
surplus / annual deficit EUR -231.255,56
Type of balance
sheet:
Company balance sheet
Financial year:
01.10.2007 - 30.09.2008
ASSETS EUR 7.801.139,33
Fixed
assets EUR 923.721,84
Intangible
assets EUR
39.013,00
Concessions, licences, rights
EUR 17.711,00
Goodwill
EUR 21.302,00
Tangible
assets EUR 884.708,84
Land /
similar rights EUR 99.493,23
Plant /
machinery EUR 493.612,68
Other
tangible assets / fixtures and
fittings
EUR 283.911,13
Advance
payments made / construction
in progress EUR 7.691,80
Current
assets EUR 6.842.271,49
Stocks EUR 4.428.609,75
Accounts
receivable EUR 2.405.085,79
Other debtors and assets EUR 2.405.085,79
Liquid
means EUR 8.575,95
Remaining
other assets EUR 35.146,00
Accruals
(assets) EUR 35.146,00
LIABILITIES EUR 7.801.139,33
Shareholders'
equity EUR 158.824,46
Capital EUR 500.000,00
Reserves
EUR 223.300,77
Retained
earnings / revenue reserves EUR
223.300,77
Balance
sheet profit/loss (+/-) EUR -564.476,31
Profit /
loss brought forward EUR -193.797,23
Annual
surplus / annual deficit EUR -370.679,08
Provisions EUR 896.293,00
Liabilities EUR 6.746.021,87
Financial
debts EUR 2.938.344,68
Liabilities
due to banks EUR 2.938.344,68
Other
liabilities EUR 3.807.677,19
Liabilities
due to shareholders EUR 1.198.721,89
Unspecified
other liabilities EUR 2.608.955,30
thereof
liabilities from tax /
financial
authorities EUR 68.343,71
Profit and loss account (cost-summary method)
according to Comm.
Code (HGB)
Gross result
(+/-) EUR 8.405.910,48
Staff
expenses EUR
5.448.519,60
Wages and
salaries EUR 4.560.404,68
Social
security contributions and
expenses for
pension plans and
benefits
EUR 888.114,92
Total
depreciation EUR 212.866,50
Depreciation
on tangible / intangible
asssets
(incl. start-up and exp. of
bus. EUR 212.866,50
Other
operating expenses EUR 2.645.334,15
Operating
result from continuing
operations EUR 99.190,23
Interest
result (+/-) EUR -424.638,31
Interest and
similar income EUR 945,72
Interest and
similar expenses EUR 425.584,03
Financial
result (+/-) EUR -424.638,31
Result from
ordinary operations (+/-) EUR -325.448,08
Income tax /
refund of income tax (+/-)EUR
-42.068,00
Other taxes /
refund of taxes EUR -3.163,00
Tax
(+/-)
EUR -45.231,00
Annual surplus / annual deficit EUR -370.679,08
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.38 |
|
UK Pound |
1 |
Rs.73.31 |
|
Euro |
1 |
Rs.63.70 |
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 |
|
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NB |
New Business |
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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.