x\

MIRA INFORM REPORT

 

 

Report Date :

18.02.2012

 

IDENTIFICATION DETAILS

 

Name :

SCHÄFER + PETERS GMBH

 

 

Formerly Known As :

 

 

 

Registered Office :

Zeilbaumweg 32

                      D 74613 Öhringen

Private limited company

1982

HRB 580350

Manufacture of fasteners and screw machine products

250,000 EUR

170

31.12.2009

 

 

 

Country :

 

 

 

Financials (as on) :

 

 

 

Date of Incorporation :

 

 

 

Com. Reg. No.:

 

 

 

Legal Form :

 

 

 

Line of Business :

 

 

 

No. of 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

 

Maximum Credit Limit :

 

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 – September 30, 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 and address

 

Schäfer + Peters GmbH

 

 Company Status:      active

                      Zeilbaumweg 32

                      D 74613 Öhringen

                      Telephone:07941/60940

                      Telefax:  07941/609470

                      Homepage: www.schaefer-peters.de

                      E-mail:   info@schaefer-peters.de

 

 VAT no.           

DE146288880

 

 

CONCLUSION

 Business relations are permissible.

 

Registration data

 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

 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:

                      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

 

 

 COMPANY HISTORY

 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

 01.01.1992 - 30.03.2001  Schäfer + Peters GmbH

                          Zeilbaumweg 32

                          D 74613 Öhringen

                          Private limited company

 

 

 BUSINESS ACTIVITIES

 Sectors

 2594    Manufacture of fasteners and screw machine products

 Average risk of default:          3.5 %

 46154   Agents involved in the sale of iron, metal and plastic

 goods n.e.c.

 Average risk of default:          1.6 %

 

 

 

 FINANCIAL INFORMATION

 Solvency rating:     1.3     The Bürgel solvency rating predicts

                              the probability of default within

                              the next 12 months. Bürgel considers

                              this company's solvency to be very

                              good.

 

 Probability of       0.1 %   The risk of default is the

 default for the              probability with which a company in

 company:                     Germany will show payment defaults

                              within a period of 12 months. The

                              non-payment risk is assessed as very

                              low.

 

 Average risk of      2.6 %   Percentage share of companies which

 default within the           on average show payment defaults

 sector(s):                   within this business sector.

 

 Payment experience:  cash discount/within agreed terms

 

 Negative information:We have no negative information at hand.

 

 Maximum credit:      250,000 EUR

 

 Balance sheet grade: 1.0     The balance sheet grade ranges from

                              1.0 to 5.0.  It is based on the

                              following ratios: equity ratio,

                              liquidity ratio and return on total

                              capital from the balance sheets

                              published in the Federal Gazette. It

                              is calculated in accordance with the

                              methodology of Euler Hermes. The

                              balance sheet grade forms part of

                              the solvency rating.

 

 Balance sheet year:  2009

 

 

 

 REAL ESTATE

 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.

 

 

 BANKERS

 SPARKASSE HOHENLOHEKREIS, ÖHRINGEN

 Sort. code: 62251550, BIC: SOLADES1KUN

 COMMERZBANK, HEILBRONN, NECKAR

 Sort. code: 62040060, BIC: COBADEFF620

 BADEN-WÜRTTEMBERGISCHE BANK/LANDESBANK BADEN-WÜRTTEMBERG,

 ÖHRINGEN

 Sort. code: 60050101, BIC: SOLADEST600

 

 

 FINANCIAL FIGURES

 Turnover:            2010               EUR        140,000,000.00

                      2011               EUR        140,000,000.00

 further business figures:

 Equipment:                              EUR          1,889,250.00

 Ac/ts receivable:                       EUR         29,429,413.00

 Liabillities:                           EUR         15,926,415.00

 Employees:                                                    170

 

 

 BALANCE SHEETS

 

 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 grade:                1.0

 

 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 grade:                1.2

 

 Balance sheet ratios 01.01.2007 - 31.12.2007

 Equity ratio [%]:                 75.21

 Liquidity ratio:                   4.31

 Return on total capital [%]:      12.91

 Balance sheet grade:                1.2

 

 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. It is calculated

 in accordance with the methodology of Euler Hermes. It ranges

 from 1.0 (positive) to 5.0 (negative).

 

 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

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2008 - 31.12.2008

 

 ASSETS                                  EUR         58,856,195.21

  Fixed assets                           EUR         15,776,666.10

   Intangible assets                     EUR             37,163.00

    Concessions, licences, rights        EUR             37,163.00

   Tangible assets                       EUR         15,739,148.40

    Land / similar rights                EUR         13,902,896.90

    Plant / machinery                    EUR             95,519.00

    Other tangible assets / fixtures and

    fittings                             EUR          1,646,993.00

    Advance payments made / construction

    in progress                          EUR             93,739.50

   Financial assets                      EUR                354.70

    Securities included in fixed assets  EUR                354.70

  Current assets                         EUR         43,047,629.11

   Stocks                                EUR         22,165,193.07

    Finished goods / work in progress    EUR         20,144,000.00

    Advance payments made                EUR          2,021,193.07

   Accounts receivable                   EUR         18,819,620.58

    Trade debtors                        EUR          8,942,557.00

    Amounts due from related companies   EUR          5,339,371.92

    Other debtors and assets             EUR          4,537,691.66

   Liquid means                          EUR          2,062,815.46

  Remaining other assets                 EUR             31,900.00

   Accruals (assets)                     EUR             31,900.00

 

 LIABILITIES                             EUR         58,856,195.21

  Shareholders' equity                   EUR         39,407,881.66

   Capital                               EUR          1,000,000.00

    Subscribed capital (share capital)   EUR          1,000,000.00

   Reserves                              EUR         19,000,000.00

    Retained earnings / revenue reserves EUR         19,000,000.00

   Balance sheet profit/loss (+/-)       EUR         19,407,881.66

    Balance sheet profit / loss          EUR         19,407,881.66

  Provisions                             EUR          5,148,737.00

   Pension provisions and comparable

   provisions                            EUR          1,841,537.00

   Provisions for taxes                  EUR          1,000,000.00

   Other / unspecified provisions        EUR          2,307,200.00

  Liabilities                            EUR         14,299,576.55

   Other liabilities                     EUR         14,299,576.55

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR          2,775,543.84

    Liabililties due to related companiesEUR              1,065.32

    Unspecified other liabilities        EUR         11,522,967.39

     thereof liabilities from tax /

     financial authorities               EUR            580,015.58

 

 Profit and loss account (cost-summary method) according to Comm.

 Code (HGB)

  Sales                                  EUR        122,926,220.22

  Other operating income                 EUR          2,724,153.25

  Cost of materials                      EUR         92,397,381.18

   Raw materials and supplies, purchased

   goods                                 EUR         92,203,662.11

   Purchased services                    EUR            193,719.07

  Gross result (+/-)                     EUR         33,252,992.29

  Staff expenses                         EUR          8,615,155.54

   Wages and salaries                    EUR          7,332,117.64

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR          1,283,037.90

  Total depreciation                     EUR            713,295.15

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR            713,295.15

  Other operating expenses               EUR         10,317,059.82

  Operating result from continuing

  operations                             EUR         13,607,481.78

  Interest result (+/-)                  EUR            288,562.60

   Interest and similar income           EUR            343,128.87

    thereof from related companies       EUR            116,126.33

   Interest and similar expenses         EUR             54,566.27

    thereof paid to related companies    EUR             37,771.10

  Other financial result                 EUR             -1,040.53

   Depreciation on financial assets and

   marketable securities                 EUR              1,040.53

  Financial result (+/-)                 EUR            287,522.07

  Result from ordinary operations (+/-)  EUR         13,895,003.85

  Income tax / refund of income tax (+/-)EUR         -4,948,937.64

  Other taxes / refund of taxes          EUR            -16,131.27

  Tax (+/-)                              EUR         -4,965,068.91

  Annual surplus / annual deficit        EUR          8,929,934.94


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.

UK Pound

1

Rs.

Euro

1

Rs.

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.