MIRA INFORM
REPORT
|
Report Date : |
07.10.2011 |
Supplement
We refer to your
enquiry of 23.11.2010.In the meantime
there have been changes in particular in the following areas subject to
monitoring: - Balance sheets
Company name
Spindelfabrik Süssen GmbH
Main
address:
Donzdorfer Str. 4
D 73079 Süßen
Telephone:07162/15-0
Telefax: 07162/15-367
Homepage: www.suessen.com
E-mail: mail@suessen.com
VAT no.
DE145457987
CONCLUSION
Business relations are permissible.
Synthesis
LEGAL FORM Private limited company
Date of foundation: 1920
Shareholders'
agreement: 07.12.1920
Registered on: 15.03.1921
Commercial Register: Local
court 89073 Ulm
under: HRB 540114
Share capital:
EUR 5,050,100.00
Shareholder
Rieter Deutschland GmbH & Co. OHG
Friedrich-Ebert-Str. 84
D 85055 Ingolstadt
Legal form: General partnership with private
limited company as partner
Share: EUR 5,050,100.00
Registered on: 28.12.1990
Reg. data: 85049 Ingolstadt, HRA 940
Manager
Peter Stahlecker
D 73079 Süßen
born: 23.06.1955
Profession: Engineer
Marital status: married
Manager:
Harald Szczepanek
D 91161 Hilpoltstein
born: 07.07.1963
Proxy
Werner Kurt Strasser
CH - Steckborn
authorized to jointly represent the company
born: 04.04.1954
Nationality: Swiss
Proxy:
Nanette Haubensak
Volkmarstr. 11
CH 8006 Zürich
authorized to jointly represent the company
born: 13.08.1969
Further
functions/participations of Peter Stahlecker (Manager)
Shareholder:
BTG Verwaltungsgesellschaft mbH
Mozartstr. 41
D 73072 Donzdorf
Legal form: Private limited company
Share capital: EUR 26,075.88
Share: EUR 13,037.94
Registered
on: 11.06.1992
Reg. data: 89073 Ulm, HRB 540839
Further
functions/participations of Harald Szczepanek (Manager)
Manager:
Rieter Ingolstadt GmbH
Friedrich-Ebert-Str. 84
D
85055 Ingolstadt
Legal
form: Private limited company
Share
capital: EUR 12,274,600.00
Registered
on: 26.02.2008
Reg.
data: 85049 Ingolstadt, HRB 4657
COMPANY HISTORY
24.08.2004 - 27.06.2005
Spindelfabrik Süssen, Schurr, Stahlecker
& Grill GmbH
Dammstr. 1
D
73079 Süßen
Private limited company
RESIGNED ACTING
PERSONS AND SHAREHOLDERS
27.01.2003 - 15.02.2011
Manager
Erich Casanova
D 70184 Stuttgart
BUSINESS ACTIVITIES
Sectors
28940 Manufacture of machinery for textile,
apparel and leatherproduction
BRANCHES AND
FACTORIES
Works:
Spindelfabrik Süssen GmbH *Betrieb*
Donzdorfer
Str. 65
D
73079 Süßen
TEL.:
07162/15-0
FINANCIAL INFORMATION
Payment experience: within
periods customary in this trade
Negative information: We have no negative information at hand.
Maximum credit: 250,000
EUR
Balance sheet year: 2010
REAL ESTATE
Type of ownership: Tenant
Address Donzdorfer
Str. 4
D 73079 Süßen
Type of ownership: proprietor
Share: 100.00 %
Address Donzdorfer
Str. 65
D 73079 Süßen
Land register documents were not available.
BANKERS
Principal bank
COMMERZBANK, GÖPPINGEN
Sort. code: 61040014, BIC: COBADEFF610
Further banks
KREISSPARKASSE GÖPPINGEN, GÖPPINGEN
Sort. code: 61050000, BIC: GOPSDE6GXXX
DEUTSCHE BANK, GÖPPINGEN
Sort. code: 61070078, BIC: DEUTDESS610
POSTBANK, STUTTGART
Sort. code: 60010070, BIC: PBNKDEFF600
FINANCIAL FIGURES
Turnover: 2009 EUR 26,535,335.00
2010 EUR 62,417,315.00
Profit: 2009 EUR -6,544,718.00
2010 EUR 6,315,106.00
further business figures:
Equipment: EUR 1,637,809.00
Ac/ts receivable: EUR 7,881,487.00
Liabillities: EUR 27,898,706.00
Employees:
195
-
thereof permanent staff: 178
-
Trainees:
17
BALANCE SHEETS
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 59.82
Liquidity ratio: 1.05
Return on total capital [%]: 14.28
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 50.91
Liquidity ratio: 0.30
Return on total capital [%]: -17.30
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 59.64
Liquidity ratio: 0.52
Return on total capital [%]: 0.56
Balance sheet ratios 01.01.2007 - 31.12.2007
Equity ratio [%]: 18.14
Liquidity ratio: 0.26
Return on total capital [%]: 20.81
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: 01.01.2010 - 31.12.2010
ASSETS EUR 45,585,072.54
Fixed assets
EUR 27,074,585.01
Intangible assets
EUR 10,712.00
Concessions, licences, rights
EUR 10,712.00
Tangible assets
EUR 5,956,298.98
Land / similar rights
EUR 995,030.40
Plant / machinery EUR 3,313,502.00
Other tangible assets / fixtures and
fittings
EUR 1,637,809.00
Advance payments made / construction
in progress
EUR 9,957.58
Financial assets
EUR 21,107,574.03
Shares in participations /
subsidiaries and the like
EUR 16,307,574.03
Shares in related companies
EUR 16,307,574.03
Loans to participations /
subsidiaries and the like
EUR 4,800,000.00
Loans to related companies
EUR 4,800,000.00
Current assets
EUR 18,492,814.00
Stocks
EUR 9,470,008.74
Raw materials, consumables and
supplies
EUR 4,441,870.02
Finished goods / work in progress
EUR 5,028,138.72
Accounts receivable
EUR 7,881,487.33
Trade debtors
EUR 4,854,649.58
Amounts due from related companies
EUR 2,530,673.01
Other debtors and assets
EUR 496,164.74
Liquid means
EUR 1,141,317.93
Remaining other assets
EUR 17,673.53
Accruals (assets)
EUR 17,673.53
LIABILITIES EUR 45,585,072.54
Shareholders' equity
EUR 8,046,620.02
Capital
EUR 5,050,100.00
Subscribed capital (share capital)
EUR 5,050,100.00
Reserves
EUR 15,982,286.22
Capital reserves EUR
15,912,937.22
Retained earnings / revenue reserves EUR 69,349.00
Balance sheet profit/loss (+/-)
EUR -12,985,766.20
Profit / loss brought forward
EUR -19,300,872.33
Annual surplus / annual deficit
EUR 6,315,106.13
Provisions
EUR 9,639,745.75
Pension provisions and comparable
provisions
EUR 4,572,466.20
Provisions for taxes
EUR 1,013,453.00
Other / unspecified provisions
EUR 4,053,826.55
Liabilities
EUR 27,898,706.77
Other liabilities
EUR 27,898,706.77
Trade creditors (for IAS incl. bills
of exchange)
EUR 2,178,120.44
Liabilities from received advance
payments
EUR 2,272,707.77
Liabililties due to related companiesEUR 21,381,727.86
Unspecified other liabilities
EUR 2,066,150.70
Profit and loss account (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 62,417,314.71
Inventory change + own costs (+/-)
EUR 2,232,177.06
Inventory change (+/-)
EUR 2,207,131.54
Capitalised own costs
EUR 25,045.52
Other operating income
EUR 498,654.50
Cost of materials
EUR 31,299,605.34
Raw materials and supplies, purchased
goods
EUR 24,331,580.76
Purchased services
EUR 6,968,024.58
Gross result (+/-)
EUR 33,848,540.93
Staff expenses
EUR 11,296,198.49
Wages and salaries
EUR 9,548,619.50
Social security contributions and
expenses for pension plans and
benefits EUR
1,747,578.99
Total depreciation
EUR 1,422,951.14
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,422,951.14
Other operating expenses
EUR 12,765,454.41
Operating result from continuing
operations
EUR 8,363,936.89
Interest result (+/-)
EUR -1,330,782.37
Interest and similar income EUR 190,054.25
Interest and similar expenses
EUR 1,520,836.62
Other financial result
EUR 242,559.42
Income from securities and loans from
financial assets
EUR 242,559.42
Financial result (+/-)
EUR -1,088,222.95
Result from ordinary operations (+/-)
EUR 7,275,713.94
Extraordinary expenses
EUR 194,984.20
Extraordinary result (+/-) EUR -194,984.20
Income tax / refund of income tax (+/-)EUR -720,374.58
Other taxes / refund of taxes
EUR -45,249.03
Tax
(+/-)
EUR -765,623.61
Annual surplus / annual deficit
EUR 6,315,106.13
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2009 - 31.12.2009
ASSETS EUR 37,826,357.40
Fixed assets EUR 28,479,664.15
Intangible assets
EUR 13,064.00
Concessions, licences, rights
EUR 13,064.00
Tangible assets
EUR 6,652,437.29
Land / similar rights
EUR 1,121,707.40
Plant / machinery
EUR 3,777,380.00
Other tangible assets / fixtures and
fittings
EUR 1,727,643.00
Advance payments made / construction
in progress
EUR 25,706.89
Financial assets
EUR 21,814,162.86
Shares in participations /
subsidiaries and the like
EUR 16,307,574.03
Shares in related companies
EUR 16,307,574.03
Loans to participations /
subsidiaries and the like
EUR 4,800,000.00
Loans to related companies
EUR 4,800,000.00
Other loans
EUR 706,588.83
Current assets
EUR 9,336,794.47
Stocks
EUR 5,926,153.54
Raw materials, consumables and
supplies
EUR 3,318,834.58
Finished goods / work in progress
EUR 2,607,318.96
Accounts receivable
EUR 2,305,885.51
Trade debtors
EUR 891,949.46
Amounts due from related companies
EUR 1,124,253.14
Other debtors and assets
EUR 289,682.91
Liquid means
EUR 1,104,755.42
Remaining other assets
EUR 9,898.78
Accruals (assets)
EUR 9,898.78
LIABILITIES EUR 37,826,357.40
Shareholders' equity
EUR 1,662,164.89
Capital
EUR 5,050,100.00
Subscribed capital (share capital)
EUR 5,050,100.00
Reserves
EUR 15,912,937.22
Capital reserves
EUR 15,912,937.22
Balance sheet profit/loss (+/-)
EUR -19,300,872.33
Profit / loss brought forward
EUR -12,756,154.07
Annual surplus / annual deficit
EUR -6,544,718.26
Provisions
EUR 9,745,897.50
Pension provisions and comparable
provisions EUR 4,561,529.00
Other / unspecified provisions
EUR 5,184,368.50
Liabilities
EUR 26,403,198.47
Financial debts
EUR 153,726.00
Liabilities due to banks
EUR 153,726.00
Other liabilities
EUR 26,249,472.47
Trade creditors (for IAS incl. bills
of exchange)
EUR 651,654.90
Liabilities from received advance
payments
EUR 666,635.34
Liabililties due to related companiesEUR 24,027,846.31
Unspecified other liabilities
EUR 903,335.92
Other liabilities
EUR 15,096.54
Deferrals (liabilities)
EUR 15,096.54
Guarantees and other commitments
EUR 120,000.00
Guarantees / warranties
EUR 120,000.00
Guarantees
EUR 120,000.00
Profit and loss account (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 26,535,335.38
Inventory change + own costs (+/-)
EUR -750,816.83
Inventory change (+/-)
EUR -791,133.42
Capitalised own costs
EUR 40,316.59
Other operating income
EUR 376,466.32
Cost of materials
EUR 12,857,317.29
Raw
materials and supplies, purchased
goods
EUR 10,023,180.41
Purchased services
EUR 2,834,136.88
Gross result (+/-)
EUR 13,303,667.58
Staff expenses EUR 11,910,485.29
Wages and salaries
EUR 9,850,501.74
Social security contributions and
expenses for pension plans and
benefits
EUR 2,059,983.55
Total
depreciation EUR 1,605,910.27
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,605,910.27
Other operating expenses
EUR 5,708,844.58
Operating result from continuing
operations
EUR -5,921,572.56
Interest result (+/-)
EUR -582,592.59
Interest and similar income
EUR 522,315.07
Interest and similar expenses
EUR 1,104,907.66
Financial result (+/-)
EUR -582,592.59
Result from ordinary operations (+/-)
EUR -6,504,165.15
Income tax / refund of income tax (+/-)EUR -0.11
Other taxes / refund of taxes
EUR -40,553.22
Tax
(+/-)
EUR -40,553.33
Annual surplus / annual deficit
EUR -6,544,718.48
MIRA
INFORM REPORT
|
Report Date : |
24.11.2010 |
IDENTIFICATION DETAILS
|
Name : |
SPINDELFABRIK SÜSSEN GMBH |
|
|
|
|
Registered Office : |
Donzdorfer Str. 4 73079 Süßen |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
07.12.1920 |
|
|
|
|
Com. Reg. No.: |
HRB 540114 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Manufacture of machinery for textile,
apparel and leather production |
RATING & COMMENTS
|
MIRAs Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
EUR 250.000,00 |
|
Status : |
Good |
|
Payment Behaviour : |
No Complaints |
|
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 |
Name and address
Spindelfabrik Süssen GmbH
Donzdorfer Str. 4
73079 Süßen
Telephone: 07162/15-0
Telefax: 07162/15-367
Homepage: www.suessen.com
E-Mail: mail@suessen.com
VAT no.
DE145457987
CONCLUSION
The maximum
credit is EUR 250.000,00.
Business relations are
permissible.
Registration data
LEGAL FORM Private
limited company
Date of foundation: 1920
Shareholders' agree-
ment: 07.12.1920
Registered on: 15.03.1921
Commercial Register: Local court 89073 ULM
under: HRB 540114
Share capital
EUR 5.050.100,00
Shareholder
Rieter Deutschland GmbH & Co. OHG
Friedrich-Ebert-Str. 84
85055 Ingolstadt
Legal form: General partnership with
private limited company as
partner
Share: EUR 5.050.100,00
Reg. Data: 28.12.1990
HRA 940
85049 INGOLSTADT
Employees: 1
Manager
Peter Stahlecker
73079 Süßen
born 23.06.1955
Occupation: Engineer
Marital status: married
Manager:
Erich Casanova
70184 Stuttgart
born 09.09.1945
Further functions/participations of
Peter Stahlecker (Manager)
Shareholder:
BTG Verwaltungsgesellschaft mbH
Mozartstr. 41
73072 Donzdorf
Legal form: Private limited company
Share capital: EUR 26.075,88
Share: EUR 13.037,94
Reg. Data: 11.06.1992
HRB 540839
89073 ULM
BUSINESS HISTORY
24.08.2004 Spindelfabrik Süssen, Schurr,
Stahlecker &
Grill GmbH
Dammstr. 1
73079
Süßen
Private limited company
BUSINESS ACTIVITIES
28940
Manufacture of machinery
for textile, apparel and leather
production
BRANCHES AND FACTORIES
Works:
Spindelfabrik Süssen GmbH *Betrieb*
Donzdorfer Str. 65
73079 Süßen
FINANCIAL INFORMATION
Payment experience: within
periods customary in this trade
REAL ESTATE
Type of ownership: proprietor
Share: 100,00 %
Address Donzdorfer
Str. 65
73079 Süßen
Land register documents
were not available.
BANKERS
COMMERZBANK, GÖPPINGEN
Sort. code: 61040014
KREISSPARKASSE GÖPPINGEN,
GÖPPINGEN
Sort. code: 61050000
DEUTSCHE BANK, GÖPPINGEN
Sort. code: 61070078
POSTBANK, STUTTGART
Sort. code: 60010070
FIGURES
Financial year: 01.01. - 31.12.
Turnover: 2008 EUR 47.928.147,00
2009 EUR 26.535.335,00
Profit:
2008 EUR 243.686,00
2009 EUR -6.544.718,00
Share capital: EUR 5.050.100,00
Employees:
231
The
aforementioned business figures may partly be estimated
information based on average values in the
line of business.
BALANCE SHEETS
Type
of balance sheet: Company balance sheet
Financial year end: 31.12.2009
ASSETS 37.826.357,40
Fixed assets
28.479.664,15
Intangible assets 13.064,00
Concessions, licences, rights 13.064,00
Tangible assets 6.652.437,29
Land / similar rights 1.121.707,40
Plant / machinery 3.777.380,00
Other tangible assets / fixtures and
fittings 1.727.643,00
Advance payments made / construction in
progress
25.706,89
Financial assets 21.814.162,86
Shares in participations / subsidiaries
and the like
16.307.574,03
Shares in related companies 16.307.574,03
Loans to participations / subsidiaries
and the like
4.800.000,00
Loans to related companies 4.800.000,00
Other loans
706.588,83
Current assets
9.336.794,47
Stocks
5.926.153,54
Raw materials, consumables and supplies 3.318.834,58
Finished goods / work in progress 2.607.318,96
Accounts receivable 2.305.885,51
Trade debtors 891.949,46
Amounts due from related companies 1.124.253,14
Other debtors and assets 289.682,91
Liquid means
1.104.755,42
Remaining other assets
9.898,78
Accruals (assets) 9.898,78
LIABILITIES
37.826.357,40
Shareholders' equity 1.662.164,89
Capital 5.050.100,00
Subscribed capital (share capital) 5.050.100,00
Reserves
15.912.937,22
Capital reserves 15.912.937,22
Balance sheet profit/loss (+/-) -19.300.872,33
Profit / loss brought forward -12.756.154,07
Annual surplus / annual deficit -6.544.718,26
Provisions
9.745.897,50
Pension
provisions and comparable
provisions
4.561.529,00
Other / unspecified provisions 5.184.368,50
Liabilities
26.403.198,47
Financial debts 153.726,00
Liabilities due to banks 153.726,00
Other liabilities 26.249.472,47
Trade creditors (for IAS incl. bills of
exchange) 651.654,90
Liabilities from received advance
payments
666.635,34
Liabililties due to related companies 24.027.846,31
Unspecified other liabilities 903.335,92
Other liabilities 15.096,54
Deferrals (liabilities) 15.096,54
Guarantees and other commitments 120.000,00
Guarantees / warranties 120.000,00
Guarantees
120.000,00
Profit and loss account (cost-summary
method) according to Comm. Code (HGB) -6.544.718,48
Sales 26.535.335,38
Inventory change + own costs (+/-) -750.816,83
Inventory change (+/-) -791.133,42
Capitalised own costs 40.316,59
Other operating income
376.466,32
Cost of materials 12.857.317,29
Raw materials and supplies, purchased
goods
10.023.180,41
Purchased services 2.834.136,88
Gross result (+/-) 13.303.667,58
Staff expenses
11.910.485,29
Wages and salaries 9.850.501,74
Social security contributions and
expenses
for pension plans and benefits
2.059.983,55
Total depreciation 1.605.910,27
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of bus. 1.605.910,27
Other operating expenses 5.708.844,58
Operating result from continuing
operations
-5.921.572,56
Interest result (+/-) -582.592,59
Interest and similar income
522.315,07
Interest and similar expenses 1.104.907,66
Financial result (+/-) -582.592,59
Result from ordinary operations (+/-) -6.504.165,15
Income tax / refund of income tax (+/-) -0,11
Other taxes / refund of taxes -40.553,22
Tax
(+/-)
-40.553,33
Annual surplus / annual deficit -6.544.718,48
The
given amounts are EUR values.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.19 |
|
|
1 |
Rs.75.92 |
|
Euro |
1 |
Rs.65.44 |
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 SCs 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.