MIRA INFORM REPORT
|
Report Date : |
06.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
SPINDELFABRIK SÜSSEN GMBH |
|
|
|
|
Registered Office : |
Donzdorfer Str. 4, D 73079 Süßen |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
15.03.1921 |
|
|
|
|
Com. Reg. No.: |
HRB 540114 |
|
|
|
|
Legal Form : |
Private Limited
Company |
|
|
|
|
Line of Business : |
Manufacture of machinery for textile, apparel and leather production |
|
|
|
|
No. of Employees
: |
195 |
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 : |
250,000 EUR |
|
|
|
|
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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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
Spindelfabrik
Süssen GmbH
Company 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
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 leather production
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: 2010 EUR 62,417,315.00
Profit: 2010 EUR 6,315,106.00
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 grade:
2.4
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.
Balance sheet
grade
The balance sheet grade is based on the following ratios: equity ratio, liquidity ratio and return on total capital from the balance sheets published in the Federal Gazette.
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
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.96 |
|
UK Pound |
1 |
Rs.77.47 |
|
Euro |
1 |
Rs.64.39 |
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.