|
Report Date : |
07.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
SCHÄFER + PETERS GMBH |
|
|
|
|
Registered Office : |
Zeilbaumweg 32 D 74613 Öhringen |
|
|
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Country : |
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|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
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Date of Incorporation : |
13.07.1982 |
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|
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Com. Reg. No.: |
Local court 70190 |
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Legal Form : |
Private limited company |
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|
|
|
Line of Business : |
Manufacture of fasteners and screw
machine products |
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|
|
|
No. of Employees : |
188 |
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 |
|
Status : |
Satisfactory |
|
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 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
germany - ECONOMIC OVERVIEW
The German economy - the fifth largest economy in the world
in PPP terms and Europe's largest - is a leading exporter of machinery,
vehicles, chemicals, and household equipment and benefits from a highly skilled
labor force. Like its Western European neighbors, Germany faces significant
demographic challenges to sustained long-term growth. Low fertility rates and
declining net immigration are increasing pressure on the country's social
welfare system and necessitate structural reforms. Reforms launched by the
government of Chancellor Gerhard SCHROEDER (1998-2005), deemed necessary to
address chronically high unemployment and low average growth, contributed to
strong growth in 2006 and 2007 and falling unemployment. These advances, as
well as a government subsidized, reduced working hour scheme, help explain the
relatively modest increase in unemployment during the 2008-09 recession - the
deepest since World War II - and its decrease to 6.0% in 2011. GDP contracted
5.1% in 2009 but grew by 3.6% in 2010, and 2.7% in 2011. The recovery was
attributable primarily to rebounding manufacturing orders and exports -
increasingly outside the Euro Zone. Germany's central bank projects that GDP
will grow 0.6% in 2012, a reflection of the worsening euro-zone financial crisis
and the financial burden it places on Germany as well as falling demand for
German exports. Domestic demand is therefore becoming a more significant driver
of Germany's economic expansion. Stimulus and stabilization efforts initiated
in 2008 and 2009 and tax cuts introduced in Chancellor Angela MERKEL's second
term increased Germany's budget deficit to 3.3% in 2010, but slower spending
and higher tax revenues reduce the deficit to 1.7% in 2011, below the EU's 3%
limit. A constitutional amendment approved in 2009 limits the federal
government to structural deficits of no more than 0.35% of GDP per annum as of
2016. Following the March 2011 Fukushima nuclear disaster, Chancellor Angela
Merkel announced in May 2011 that eight of the country's 17 nuclear reactors
would be shut down immediately and the remaining plants would close by 2022.
Germany hopes to replace nuclear power with renewable energy. Before the
shutdown of the eight reactors, Germany relied on nuclear power for 23% of its
energy and 46% of its base-load electrical production.
|
Source : CIA |
SCHÄFER + PETERS GMBH
Company Status: active
Zeilbaumweg 32
D 74613 Öhringen
Telephone:07941/60940
Telefax:
07941/6094700
Homepage: www.schaefer-peters.de
E-mail:
info@schaefer-peters.de
VAT no.: DE146288880
Business
relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1982
Registered on: 13.07.1982
Commercial Register: Local court 70190 Stuttgart
under: HRB
580350
Share capital: EUR 1,000,000.00
Shareholder:
S + P Holding GmbH
Zeilbaumweg 32
D 74613 Öhringen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 1,000,000.00
Registered on: 26.09.2001
Reg. data: 70190
Stuttgart, HRB 581013
Manager:
Gerhard Schäfer
Linckestr. 10
D 74629 Pfedelbach
having sole power of
representation
born: 29.11.1946
Profession: Industrial
manager
Marital status: married
Manager:
Helmut Peters
Bügenstegener Weg 5
D 74523 Schwäbisch Hall
having sole power of
representation
born: 01.02.1956
Profession: Businessman
Marital status: married
Further functions/participations of Gerhard
Schäfer (Manager)
Limited partner:
Markus Verwaltungs-GmbH
& Co. KG
Linckestr. 10
D 74629 Pfedelbach
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 1,000,000.00
contribution:
Share: EUR 700,000.00
Registered
on: 18.12.2006
Reg. data: 70190 Stuttgart, HRA 720735
Limited partner:
Reederei MS
"MAGELLAN PLANET" Schiffahrts
GmbH & Co. KG
An der Werft 2
D 21680 Stade
Legal form: Ltd
partnership with priv. ltd.
company as general partner
Total cap. EUR 6,100,000.00
contribution:
Share: EUR 250,000.00
Registered
on: 20.07.2012
Reg. data: 21255 Tostedt, HRA 202256
Shareholder:
Markus Beteiligungs-GmbH
Linckestr. 10
D 74629 Pfedelbach
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 18.12.2006
Reg. data: 70190 Stuttgart, HRB 721701
Shareholder:
S + P Holding GmbH
Zeilbaumweg 32
D 74613 Öhringen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 26.09.2001
Reg. data: 70190 Stuttgart, HRB 581013
Manager:
OVT Oberflächen- und
Verpackungstechnik GmbH
Kirschfeldstr. 23
D 74629 Pfedelbach
Legal form: Private
limited company
Share capital: EUR 102,300.00
Registered
on: 31.07.2001
Reg. data: 70190 Stuttgart, HRB 581009
Manager:
Marinetech
Edelstahlhandel Beteiligungs-GmbH
Am Rönnebecker Hain 6
D 28777 Bremen
Legal form: Private
limited company
Share capital: EUR 26,000.00
Registered
on: 02.02.1993
Reg. data: 28195 Bremen, HRB 14677
Manager:
fusconic Verwaltungs GmbH
Zeilbaumweg 32
D 74613 Öhringen
Legal form: Private limited company
Share capital: EUR 26,000.00
Registered
on: 17.11.1997
Reg. data: 70190 Stuttgart, HRB 580864
Manager:
S + P Holding GmbH
Zeilbaumweg 32
D 74613 Öhringen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 26.09.2001
Reg. data: 70190 Stuttgart, HRB 581013
Manager:
Markus Beteiligungs-GmbH
Linckestr. 10
D 74629 Pfedelbach
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 18.12.2006
Reg. data: 70190 Stuttgart, HRB 721701
Proxy:
Schäfer Real Estate GmbH
Christian-Schöck-Str.
41/3
D 74613 Öhringen
Legal form: Private
limited company
Share capital: EUR 200,000.00
Registered
on: 15.09.2011
Reg. data: 70190 Stuttgart, HRB 738750
1982 - 1985 Schäfer
+ Peters GmbH
Ulandstr.
18
D 74613 Öhringen
Private limited company
1986 - 31.12.1991 Schäfer + Peters GmbH
Stettiner Str. 27
D 74613 Öhringen
Private limited company
Sectors
2594
Manufacture of fasteners and screw machine products
46154
Agents involved in the sale of iron, metal and plastic
goods n.e.c.
Payment experience: cash discount/within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2010
Type of ownership: part
owner
Share: 50.00 %
Address Zeilbaumweg
32
D 74613 Öhringen
Real Estate of: Gerhard
Schäfer
Type of ownership: proprietor
Share: 100.00 %
Address Linckestr. 10
D 74629 Pfedelbach
Real Estate of: Helmut
Peters
Type of ownership: proprietor
Share: 100.00 %
Address Bügenstegener
Weg 5
D 74523 Schwäbisch Hall
Land register documents were not available.
BADEN-WÜRTTEMBERGISCHE BANK/LANDESBANK
BADEN-WÜRTTEMBERG,
ÖHRINGEN
Sort. code: 60050101, BIC: SOLADEST600
SPARKASSE HOHENLOHEKREIS, ÖHRINGEN
Sort. code: 62251550, BIC: SOLADES1KUN
COMMERZBANK, HEILBRONN, NECKAR
Sort. code: 62040060, BIC: COBADEFF620
Turnover:
2010 EUR 138,855,138.00
Profit: 2010 EUR 7,723,004.00
Equipment: EUR 1,742,901.00
Ac/ts receivable: EUR 24,887,378.00
Liabilities: EUR 18,943,530.00
Employees:
188
-
thereof permanent staff: 166
-
Trainees: 22
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 68.31
Liquidity ratio: 1.85
Return on total capital [%]: 9.44
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 70.09
Liquidity ratio: 3.19
Return on total capital [%]: 18.93
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 66.95
Liquidity ratio: 1.54
Return
on total capital [%]: 15.18
Balance sheet ratios 01.01.2007 - 31.12.2007
Equity ratio [%]: 75.21
Liquidity ratio: 4.31
Return on total capital [%]: 12.91
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
84,327,678.72
Fixed assets
EUR 16,210,690.52
Intangible assets
EUR 51,080.00
Concessions, licences, rights
EUR 51,080.00
Tangible assets EUR 16,158,555.18
Land / similar rights
EUR 13,905,884.90
Plant / machinery
EUR 509,769.00
Other tangible assets / fixtures and
fittings
EUR 1,742,901.28
Financial assets
EUR 1,055.34
Securities included in fixed assets
EUR 1,055.34
Current assets
EUR 68,073,588.20
Stocks EUR 37,448,324.33
Finished goods / work in progress
EUR 31,363,000.00
Advance payments made
EUR 6,085,324.33
Accounts receivable
EUR 24,887,377.67
Trade debtors
EUR 10,480,936.40
Amounts due from related companies
EUR 510,930.28
Other debtors and assets
EUR 13,895,510.99
Liquid means
EUR 5,737,886.20
Remaining
other assets EUR 43,400.00
Accruals (assets)
EUR 43,400.00
LIABILITIES EUR 84,327,678.72
Shareholders' equity
EUR 57,741,355.17
Capital
EUR 1,000,000.00
Subscribed capital (share capital)
EUR 1,000,000.00
Reserves
EUR 39,000,000.00
Retained earnings / revenue reserves EUR
39,000,000.00
Balance sheet profit/loss (+/-)
EUR 17,741,355.17
Balance sheet profit / loss
EUR 17,741,355.17
Provisions
EUR 7,642,794.00
Pension provisions and comparable
provisions
EUR 3,239,894.00
Other / unspecified provisions
EUR 4,402,900.00
Liabilities
EUR 18,943,529.55
Other liabilities
EUR 18,943,529.55
Trade creditors (for IAS incl. bills
of exchange)
EUR 1,724,894.74
Liabililties due to related companiesEUR 18,693.65
Unspecified other liabilities
EUR 17,199,941.16
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales
EUR 138,855,138.09
Other operating income
EUR 6,779,001.58
Cost of materials
EUR 103,932,030.50
Raw materials and supplies, purchased
goods
EUR 103,563,714.21
Purchased services
EUR 368,316.29
Gross result (+/-)
EUR 41,702,109.17
Staff expenses
EUR 11,946,933.41
Wages and salaries
EUR 9,678,961.90
Social security contributions and
expenses for pension plans and
benefits
EUR 2,267,971.51
Total depreciation
EUR 7,522,671.48
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,056,004.81
Depreciation on current assets (+/-)
EUR 6,466,666.67
Other operating expenses
EUR 13,470,979.57
Operating result from continuing
operations
EUR 8,761,524.71
Interest result (+/-) EUR 2,489,170.36
Interest and similar income
EUR 2,987,525.30
Interest and similar expenses
EUR 498,354.94
Financial result (+/-)
EUR 2,489,170.36
Result from ordinary operations (+/-)
EUR 11,250,695.07
Extraordinary expenses
EUR 199,554.00
Extraordinary result (+/-)
EUR -199,554.00
Income tax / refund of income tax (+/-)EUR -3,271,047.73
Other taxes / refund of taxes
EUR -57,089.37
Tax (+/-)
EUR -3,328,137.10
Annual surplus / annual deficit
EUR 7,723,003.97
Type of balance
sheet: Company balance sheet
Financial
year: 01.01.2009 - 31.12.2009
ASSETS EUR 78,479,137.54
Fixed assets
EUR 16,036,458.35
Intangible assets
EUR 78,756.00
Other / unspecified intangible assetsEUR 78,756.00
Tangible assets
EUR 15,957,002.93
Land / similar rights
EUR 13,923,800.90
Plant / machinery
EUR 143,952.00
Other tangible assets / fixtures and
fittings
EUR 1,889,250.03
Financial assets
EUR 699.42
Other / unspecified financial assets EUR 699.42
Current assets
EUR 62,377,479.19
Stocks
EUR 26,245,417.24
Finished goods / work in progress
EUR 21,051,000.00
Advance payments made
EUR 5,194,417.24
Accounts receivable EUR 29,429,413.13
Trade debtors
EUR 8,483,287.36
Amounts due from related companies
EUR 4,066,759.34
Amounts due from investee companies
EUR 1,000,500.00
Other debtors and assets
EUR 15,878,866.43
Liquid means
EUR 6,702,648.82
Remaining other assets
EUR 65,200.00
Accruals (assets)
EUR 65,200.00
LIABILITIES EUR 78,479,137.54
Shareholders' equity
EUR 55,018,351.20
Capital
EUR 1,000,000.00
Subscribed capital (share capital)
EUR 1,000,000.00
Reserves
EUR 39,000,000.00
Retained earnings / revenue reserves EUR 39,000,000.00
Balance sheet profit/loss (+/-)
EUR 15,018,351.20
Balance sheet profit / loss
EUR 15,018,351.20
Provisions
EUR 7,534,370.35
Pension provisions and comparable
provisions
EUR 1,976,520.00
Provisions for taxes EUR
2,418,450.35
Other / unspecified provisions
EUR 3,139,400.00
Liabilities
EUR 15,926,415.99
Other liabilities
EUR 15,926,415.99
Trade creditors (for IAS incl. bills
of exchange)
EUR 3,620,491.31
Liabililties due to related companiesEUR 490.74
Unspecified other liabilities
EUR 12,305,433.94
thereof liabilities from tax /
financial authorities EUR 1,701,600.42
thereof liabilities from social
security
EUR 2,109.31
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 106,645,159.58
Other operating income
EUR 1,604,355.40
Cost of materials
EUR 68,562,463.32
Raw materials and supplies, purchased
goods EUR 68,180,987.70
Purchased services
EUR 381,475.62
Gross result (+/-)
EUR 39,687,051.66
Staff expenses
EUR 9,582,080.95
Wages and salaries
EUR 8,204,057.48
Social security contributions and
expenses for pension plans and
benefits
EUR 1,378,023.47
Total depreciation
EUR 906,849.28
Other operating expenses
EUR 10,060,639.55
Operating result from continuing
operations
EUR 19,137,481.88
Interest result (+/-)
EUR 906,410.88
Interest and similar income
EUR 1,307,986.40
thereof from related companies
EUR 149,370.74
Interest and similar expenses
EUR 401,575.52
thereof paid to related companies
EUR 359,320.30
Financial
result (+/-) EUR 906,410.88
Result from ordinary operations (+/-)
EUR 20,043,892.76
Extraordinary income
EUR 765,000.00
Extraordinary result (+/-)
EUR 765,000.00
Income tax / refund of income tax (+/-)EUR -5,183,661.75
Other taxes / refund of taxes
EUR -14,761.47
Tax (+/-)
EUR -5,198,423.22
Annual surplus / annual deficit
EUR 15,610,469.54
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.46 |
|
|
1 |
Rs.87.63 |
|
Euro |
1 |
Rs.71.11 |
INFORMATION DETAILS
|
Report
Prepared by : |
SDA |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.