|
Report Date : |
15.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
SCHLEIFRING UND APPARATEBAU GMBH |
|
|
|
|
Registered Office : |
Am Hardtanger 10, D 82256 Fürstenfeldbruck,
Post Box 16 41 |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
10.12.1974 |
|
|
|
|
Com. Reg. No.: |
HRB 48918 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Manufacturer of other electric equipment |
|
|
|
|
No. of Employees : |
380 employees |
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 (31.03.2012) |
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 |
Schleifring und Apparatebau GmbH
Am Hardtanger 10
D 82256 Fürstenfeldbruck
Post Box: 16
41
Telephone: 08141/403-0
Telefax:
08141/403-45
Homepage: www.schleifring.de
E-mail:
sales@schleifring.de
Company Status: active
DE811159634
117/138/50014
LEGAL FORM Private limited company
Date of foundation: 10.12.1974
Shareholders'
agreement: 10.12.1974
Registered on: 24.06.1975
Commercial Register: Local court
80797 München
under: HRB 48918
Share capital:
EUR 3,000,000.00
Wegmann & Co. GmbH
Wilhelmshöher Allee 262
D 34131 Kassel
Legal form: Private limited company
Share capital: EUR
32,824,938.77
Share: EUR 2,700,000.00
Registered on: 24.09.1981
Reg. data: 34117 Kassel, HRB 3840
Shareholder:
Hans Roth
Schulstr. 46
D 82166
Gräfelfing
born:
31.01.1940
Share: EUR 300,000.00
Verena Leser
Bürgermeister-Müller-Str. 2
Malching
D 82216 Maisach
authorized to jointly represent the company
born: 10.08.1958
Profession: Businessman
Manager:
Dr. Stefan
Heun
Ferdinand-Maria-Str. 6a
D 80639
München
born: 03.10.1960
Profession:
Mechanical engineer
Marital
status: married
Manager:
Stephan Bode
D 82319
Starnberg
born:
05.11.1969
Herbert Staffler
D 82256 Fürstenfeldbruck
authorized to jointly represent the company
born: 14.04.1960
Profession: graduate engineer
Proxy:
Johann Jilg
D 87637 Seeg
authorized to
jointly represent the company
born:
11.10.1956
Proxy:
Wolfgang Roid
D 82140
Olching
authorized to
jointly represent the company
born:
08.11.1956
Further functions/participations of Verena
Leser (Manager)
Limited partner:
Gebr. LESER
KG
Wendenstr.
133-135
D 20537
Hamburg
Legal form:
Limited partnership
Total
cap. EUR 1,182,300.00
contribution:
Share: EUR 258,300.00
Registered
on: 12.05.2011
Reg.
data: 20355 Hamburg, HRA 113107
Proxy:
Gebr. LESER
KG
Wendenstr.
133-135
D 20537
Hamburg
Legal form:
Limited partnership
Total
cap. EUR 1,182,300.00
contribution:
Registered
on: 12.05.2011
Reg.
data: 20355 Hamburg, HRA 113107
Secondary
industrial sector
27900 Manufacture of other electric
equipment n.e.c.
4643 Wholesale of electrical
household appliances and radio and televisiongoods
Branch:
Schleifring
und Apparatebau GmbH
Leonhard-Kluftinger-Str. 1
D 87600 Kaufbeuren
TEL.:
08341/961160
Payment experience: within agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2010
Type of ownership: Tenant
Address Am Hardtanger 10
D 82256 Fürstenfeldbruck
Land register documents were not available.
Principal bank
SPARKASSE FÜRSTENFELDBRUCK, FÜRSTENFELDBRUCK
Sort. code: 70053070, BIC: BYLADEM1FFB
Further bank
COMMERZBANK VORMALS DRESDNER BANK, FÜRSTENFELDBRUCK
Sort. code: 70080000, BIC: DRESDEFF700
Turnover: 2010 EUR 73,950,677.00
Profit: 2010 EUR 10,619,904.00
Equipment: EUR 2,623,731.00
Ac/ts
receivable:
EUR 13,709,656.00
Liabilities: EUR 3,724,315.00
Total
numbers of vehicles: 16
-
Passenger cars:
3
Total
value of vehicles:
EUR 17,400.00
-
Passenger cars:
EUR 17,400.00
Employees: 380
-
thereof permanent staff: 380
Balance
sheet ratios 01.01.2010 - 31.12.2010
Equity
ratio [%]: 72.82
Liquidity
ratio: 10.00
Return
on total capital [%]: 17.44
Balance
sheet ratios 01.01.2009 - 31.12.2009
Equity
ratio [%]: 72.16
Liquidity
ratio: 10.00
Return
on total capital [%]: 16.19
Balance
sheet ratios 01.01.2008 - 31.12.2008
Equity
ratio [%]: 68.01
Liquidity
ratio: 10.00
Return
on total capital [%]: 20.50
Balance
sheet ratios 01.01.2007 - 31.12.2007
Equity
ratio [%]: 63.77
Liquidity
ratio: 10.00
Return
on total capital [%]: 18.51
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 60,565,703.94
Fixed
assets EUR 20,202,406.96
Intangible assets
EUR 196,314.04
Concessions, licences, rights
EUR 196,314.04
Tangible assets
EUR 5,453,908.71
Plant / machinery
EUR 2,792,185.68
Other tangible assets / fixtures and
fittings
EUR 2,623,731.03
Advance payments made / construction
in
progress
EUR 37,992.00
Financial assets
EUR 14,552,184.21
Shares in participations /
subsidiaries and the like
EUR 4,197,292.49
Shares in related companies
EUR 4,197,292.49
Loans to participations /
subsidiaries and the like
EUR 10,354,891.72
Loans to related companies
EUR 10,354,891.72
Current assets EUR 40,326,043.31
Stocks
EUR 7,044,653.60
Raw
materials, consumables and
supplies
EUR 2,943,714.39
Finished goods / work in progress
EUR 4,100,939.21
Accounts receivable
EUR 13,709,656.22
Trade debtors
EUR 13,354,374.72
Other debtors and assets
EUR 355,281.50
Liquid means
EUR 19,571,733.49
Remaining other assets EUR 37,253.67
Accruals (assets)
EUR 37,253.67
LIABILITIES EUR 60,565,703.94
Shareholders' equity EUR
44,127,629.88
Capital
EUR 3,000,000.00
Subscribed capital (share capital)
EUR 3,000,000.00
Reserves
EUR 3,059,209.39
Capital reserves EUR 2,450,000.00
Retained earnings / revenue reserves EUR 609,209.39
Balance sheet profit/loss (+/-)
EUR 38,068,420.49
Profit / loss brought forward
EUR 27,448,516.10
Annual surplus / annual deficit
EUR 10,619,904.39
Provisions EUR 12,713,759.00
Pension provisions and comparable
provisions
EUR 771,944.00
Provisions for taxes
EUR 1,942,750.00
Other
/ unspecified provisions EUR 9,999,065.00
Liabilities EUR 3,724,315.06
Other
liabilities EUR 3,724,315.06
Trade creditors (for IAS incl. bills
of
exchange)
EUR 3,221,792.34
Liabilities from received advance
payments
EUR 85,995.80
Liabililties due to related companiesEUR 1,466.08
Unspecified other liabilities
EUR 415,060.84
thereof liabilities from tax /
financial authorities
EUR 415,060.84
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 73,950,676.87
Inventory change + own costs (+/-) EUR -394,652.14
Inventory change (+/-)
EUR -394,652.14
Other
operating income EUR 3,983,413.87
Cost
of materials
EUR 25,469,112.74
Raw
materials and supplies, purchased
goods
EUR 22,961,204.65
Purchased services
EUR 2,507,908.09
Gross
result (+/-) EUR
52,070,325.86
Staff
expenses EUR 20,533,981.19
Wages
and salaries EUR 17,436,665.04
Social security contributions and
expenses for pension plans and
benefits EUR 3,097,316.15
Total
depreciation EUR 1,676,664.10
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,676,664.10
Other
operating expenses EUR 15,735,365.25
Operating result from continuing
operations EUR 14,124,315.32
Interest result (+/-) EUR 645,415.04
Interest and similar income
EUR 714,582.67
thereof from related companies
EUR 438,502.93
Interest and similar expenses
EUR 69,167.63
thereof paid to related companies
EUR 0.00
Financial result (+/-) EUR 645,415.04
Result
from ordinary operations (+/-) EUR 14,769,730.36
Extraordinary income EUR 76,364.07
Extraordinary result (+/-) EUR 76,364.07
Income
tax / refund of income tax (+/-)EUR
-4,221,186.39
Other
taxes / refund of taxes EUR -5,003.65
Tax
(+/-)
EUR -4,226,190.04
Annual
surplus / annual deficit EUR 10,619,904.39
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2009 - 31.12.2009
ASSETS EUR 49,873,642.17
Fixed
assets EUR 21,175,892.54
Intangible assets EUR 208,618.84
Concessions, licences, rights
EUR 208,618.84
Tangible assets
EUR 5,437,002.41
Plant / machinery
EUR 2,624,921.45
Other tangible assets / fixtures and
fittings
EUR 2,794,380.96
Advance payments made / construction
in
progress
EUR 17,700.00
Financial assets
EUR 15,530,271.29
Shares in participations /
subsidiaries and the like
EUR 4,197,292.49
Shares in related companies
EUR 4,197,292.49
Loans to participations /
subsidiaries and the like
EUR 11,332,978.80
Loans to related companies
EUR 11,332,978.80
Current assets EUR 28,632,235.24
Stocks
EUR 6,670,384.93
Raw
materials, consumables and
supplies EUR 2,174,793.58
Finished goods / work in progress
EUR 4,495,591.35
Accounts receivable
EUR 11,740,061.08
Trade debtors
EUR 11,172,156.44
Other
debtors and assets EUR 567,904.64
Liquid means
EUR 10,221,789.23
Remaining other assets EUR 65,514.39
Accruals (assets)
EUR 65,514.39
LIABILITIES EUR 49,873,642.17
Shareholders' equity EUR 36,016,350.49
Capital
EUR 3,000,000.00
Subscribed capital (share capital)
EUR 3,000,000.00
Reserves
EUR 3,059,209.39
Capital reserves
EUR 2,450,000.00
Retained earnings / revenue reserves EUR 609,209.39
Balance sheet profit/loss (+/-)
EUR 29,957,141.10
Profit / loss brought forward
EUR 21,897,140.65
Annual surplus / annual deficit
EUR 8,060,000.45
Provisions EUR 9,907,416.00
Pension provisions and comparable
provisions EUR 699,266.00
Provisions for taxes
EUR 147,640.00
Other
/ unspecified provisions EUR 9,060,510.00
Liabilities EUR 3,949,875.68
Financial debts
EUR 148,594.20
Liabilities due to banks
EUR 148,594.20
Other
liabilities EUR 3,801,281.48
Trade creditors (for IAS incl. bills
of
exchange)
EUR 2,829,889.88
Liabilities from received advance
payments
EUR 302,800.60
Liabililties due to related companiesEUR 1,270.92
Unspecified other liabilities EUR 667,320.08
Guarantees and other commitments EUR 457,000.00
Letters of support
EUR 457,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales
EUR 65,681,299.53
Inventory change + own costs (+/-) EUR -684,690.87
Inventory change (+/-)
EUR -684,690.87
Other
operating income EUR 3,533,406.90
Cost
of materials
EUR 22,976,354.63
Raw
materials and supplies, purchased
goods
EUR 20,622,722.10
Purchased services
EUR 2,353,632.53
Gross
result (+/-) EUR 45,553,660.93
Staff
expenses EUR 19,698,278.24
Wages
and salaries EUR 16,667,946.62
Social security contributions and
expenses for pension plans and
benefits EUR 3,030,331.62
Total
depreciation EUR 1,527,007.77
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,527,007.77
Other
operating expenses EUR 13,584,406.03
Operating result from continuing
operations EUR 10,743,968.89
Interest result (+/-) EUR 468,740.82
Interest and similar income
EUR 511,731.41
thereof from related companies
EUR 419,458.25
Interest and similar expenses
EUR 42,990.59
thereof paid to related companies
EUR 6,436.32
Financial result (+/-) EUR 468,740.82
Result
from ordinary operations (+/-) EUR 11,212,709.71
Income
tax / refund of income tax (+/-)EUR
-3,148,002.61
Other
taxes / refund of taxes EUR -4,706.65
Tax
(+/-)
EUR -3,152,709.26
Annual
surplus / annual deficit EUR 8,060,000.45
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.39 |
|
UK Pound |
1 |
Rs.87.78 |
|
Euro |
1 |
Rs.71.29 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.