|
Report Date : |
01.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
FRITSCH
GMBH |
|
|
|
|
Registered Office : |
Industriestr.
8, D 55743 Idar-Oberstein |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
1934 |
|
|
|
|
Com. Reg. No.: |
HRB
10148 |
|
|
|
|
Legal Form : |
Private
limited company |
|
|
|
|
Line of Business : |
Manufacture of metal products |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s 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 |
|
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Fritsch
GmbH
Industriestr.
8
D 55743
Idar-Oberstein
Telephone:06784/700
Telefax: 06784/7011
Homepage:
www.fritsch.de
E-mail: info@fritsch.de
DE811189307
09/201/0765/3
Business
relations are permissible.
LEGAL
FORM Private limited company
Date of
foundation: 1934
Registered
on: 23.11.1972
Commercial
Register: Local court 55543 Bad
Kreuznach
under: HRB
10148
Share capital: EUR 600,000.00
Gerhard
Fritsch
Hinter
der Grub 3
D 55743
Idar-Oberstein
Share: EUR 286,550.00
Shareholder:
Robert
Fritsch
Jahnstr.
38
D 55743
Idar-Oberstein
born:
01.05.1954
Share: EUR 185,700.00
Shareholder:
Thomas
Fritsch
D 55743
Idar-Oberstein
born:
23.08.1961
Share: EUR 102,000.00
Shareholder:
Wolfgang
Mutter
D 66892
Bruchmühlbach-Miesau
Share: EUR 12,875.00
Shareholder:
Annette
Fried
D 55743
Idar-Oberstein
born:
19.11.1955
née:
Wieß
Share: EUR 12,875.00
Robert
Fritsch
Jahnstr.
38
D 55743
Idar-Oberstein
having
sole power of representation
born:
01.05.1954
Marital
status: married
Wolfgang
Mutter
D 66892
Bruchmühlbach-Miesau
authorized
to jointly represent the company
Limited partner:
Alfred
Fritsch GmbH & Co. KG
Hauptstr.
542
D 55743
Idar-Oberstein
Legal
form: Ltd partnership with priv. ltd.
company
as general partner
Total
cap. EUR 53,341.55
contribution:
Share: EUR 3,642.95
Registered
on: 17.03.1949
Reg.
data: 55543 Bad Kreuznach, HRA 10402
Shareholder:
Fritsch
Verwaltungs-GmbH
Industriestr.
8
D 55743
Idar-Oberstein
Legal
form: Private limited company
Share
capital: EUR 26,000.00
Share: EUR 6,550.00
Registered
on: 19.02.1992
Reg.
data: 55543 Bad Kreuznach, HRB 10714
Manager:
Fritsch
Verwaltungs-GmbH
Industriestr.
8
D 55743
Idar-Oberstein
Legal
form: Private limited company
Share
capital: EUR 26,000.00
Registered
on: 19.02.1992
Reg.
data: 55543 Bad Kreuznach, HRB 10714
23.11.1972
- 16.07.2007 Fritsch Gesellschaft mit
beschränkter
Haftung
Industriestr.
8
D 55743
Idar-Oberstein
Private
limited company
Sectors
25993 Manufacture of metal products 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: Tenant
Address Industriestr. 8
D 55743
Idar-Oberstein
Land
register documents were not available.
DEUTSCHE
BANK, IDAR-OBERSTEIN
Sort.
code: 56270044, BIC: DEUTDE5M562
COMMERZBANK,
IDAR-OBERSTEIN
Sort.
code: 56240050, BIC: COBADEFF562
KREISSPARKASSE
BIRKENFELD, IDAR-OBERSTEIN
Sort.
code: 56250030, BIC: BILADE55XXX
POSTBANK,
FRANKFURT AM MAIN
Sort. code:
50010060, BIC: PBNKDEFFXXX
VOLKSBANK-RAIFFEISENBANK
NAHELAND -ALT-, IDAR-OBERSTEIN
Sort.
code: 56290000, BIC: GENODE51IDO
COMMERZBANK
VORMALS DRESDNER BANK, IDAR-OBERSTEIN
Sort.
code: 51080060, BIC: DRESDEFF510
Gross
profit or loss:2010
EUR 12,679,811.00
2011 EUR 12,000,000.00
Profit: 2010 EUR 2,838,953.00
further
business figures:
Equipment: EUR 646,406.00
Ac/ts receivable: EUR 2,923,633.00
Liabillities: EUR 940,681.00
Employees:
80
- thereof
permanent staff: 27
-
Part-time employees: 11
-
Trainees:
5
Balance
sheet ratios 01.01.2010 - 31.12.2010
Equity
ratio [%]: 81.31
Liquidity
ratio: 10.00
Return on
total capital [%]: 18.87
Balance
sheet grade: 1.0
Balance
sheet ratios 01.01.2009 - 31.12.2009
Equity
ratio [%]: 77.97
Liquidity
ratio: 10.00
Return on
total capital [%]: 10.27
Balance
sheet grade: 1.3
Balance
sheet ratios 01.01.2008 - 31.12.2008
Equity
ratio [%]: 77.08
Liquidity
ratio: 2.17
Return on
total capital [%]: 14.30
Balance
sheet grade: 1.2
Balance
sheet ratios 01.01.2007 - 31.12.2007
Equity
ratio [%]: 77.91
Liquidity
ratio: 10.00
Return on
total capital [%]: 15.51
Balance
sheet grade: 1.0
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 16,328,519.55
Fixed
assets EUR 3,964,642.96
Intangible
assets EUR 22,155.00
Other /
unspecified intangible assetsEUR
22,155.00
Tangible
assets EUR 3,769,566.63
Land /
similar rights EUR 2,336,914.30
Plant /
machinery EUR 753,634.00
Other
tangible assets / fixtures and
fittings EUR 646,405.89
Advance
payments made / construction
in
progress
EUR 32,612.44
Financial
assets EUR 172,921.33
Shares in
participations /
subsidiaries
and the like EUR 80,000.86
Shares in
related companies EUR 80,000.86
Other /
unspecified financial assets EUR
92,920.47
Current
assets EUR 11,855,043.58
Stocks EUR 4,302,377.07
Accounts
receivable EUR 2,923,632.60
Other
debtors and assets EUR 2,923,632.60
Investments
in current assets EUR 1,189,854.97
Other
investments EUR 1,189,854.97
Liquid
means EUR 3,439,178.94
Remaining
other assets EUR 508,833.01
Accruals
(assets) EUR 46,430.56
Deferred
taxes (assets) EUR 70,692.00
Other
assets EUR 391,710.45
LIABILITIES EUR 16,328,519.55
Shareholders'
equity EUR 13,278,423.08
Capital EUR 574,250.00
Subscribed
capital (share capital) EUR 600,000.00
thereof
not yet paid-up capital EUR 574,250.00
thereof
called EUR 574,250.00
Other
capital EUR -25,750.00
Reserves EUR 12,704,173.08
Capital
reserves EUR 1,679,655.17
Retained
earnings / revenue reserves EUR
11,024,517.91
Items
between shareholders' equity and
debt
capital
EUR 107,610.06
Allowances
/ bonuses EUR 107,610.06
Provisions EUR 2,001,805.73
Liabilities EUR 940,680.68
Other
liabilities EUR 940,680.68
Liabililties
due to related companiesEUR
58,460.17
Unspecified
other liabilities EUR 882,220.51
Guarantees
and other commitments EUR 3,000.00
Guarantees
/ warranties EUR 3,000.00
Guarantees EUR 3,000.00
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Gross
result (+/-) EUR 12,679,810.98
Staff
expenses EUR 4,468,379.18
Wages and
salaries EUR 3,791,393.18
Social
security contributions and
expenses
for pension plans and
benefits EUR 676,986.00
Total
depreciation EUR 428,877.49
Depreciation
on tangible / intangible
asssets
(incl. start-up and exp. of
bus. EUR 428,877.49
Other
operating expenses EUR 3,478,840.88
Operating
result from continuing
operations EUR 4,303,713.43
Interest
result (+/-) EUR -55,247.67
Interest
and similar income EUR 91,572.86
Interest
and similar expenses EUR 146,820.53
Other
financial result EUR 415.78
Income
from securities and loans from
financial
assets EUR 415.78
Financial
result (+/-) EUR -54,831.89
Result
from ordinary operations (+/-) EUR 4,248,881.54
Extraordinary
expenses EUR 240,423.00
Extraordinary
result (+/-) EUR -240,423.00
Income
tax / refund of income tax (+/-)EUR
-1,165,997.19
Other
taxes / refund of taxes EUR -3,508.05
Tax
(+/-)
EUR -1,169,505.24
Annual
surplus / annual deficit EUR 2,838,953.30
Type of
balance
sheet: Company balance sheet
Financial
year: 01.01.2009 - 31.12.2009
ASSETS EUR 15,545,441.67
Fixed
assets EUR 4,572,432.65
Intangible
assets EUR 30,253.00
Other /
unspecified intangible assetsEUR
30,253.00
Tangible
assets EUR 3,990,430.48
Land /
similar rights EUR 2,414,011.30
Plant /
machinery EUR 898,718.00
Other
tangible assets / fixtures and
fittings EUR 677,701.18
Financial
assets EUR 551,749.17
Shares in
participations /
subsidiaries
and the like EUR 79,995.00
Shares in
related companies EUR 79,995.00
Other /
unspecified financial assets EUR
471,754.17
Current
assets EUR 10,918,324.71
Stocks EUR 4,358,508.08
Accounts
receivable EUR 2,000,009.38
Other
debtors and assets EUR 2,000,009.38
Investments
in current assets EUR 1,761,793.90
Own
shares EUR 368,126.00
Other
investments EUR 1,393,667.90
Liquid
means EUR 2,798,013.35
Remaining
other assets EUR 54,684.31
Accruals
(assets) EUR 54,684.31
LIABILITIES EUR 15,545,441.67
Shareholders'
equity EUR 12,124,562.03
Capital EUR 600,000.00
Subscribed
capital (share capital) EUR 600,000.00
Reserves EUR 11,524,562.03
Capital
reserves EUR 1,679,655.17
Retained
earnings / revenue reserves EUR
9,844,906.86
Items
between shareholders' equity and
debt
capital
EUR 119,345.15
Allowances
/ bonuses EUR 119,345.15
Provisions EUR 2,052,161.00
Liabilities EUR 1,249,373.49
Financial
debts EUR 400,000.00
Liabilities
due to banks EUR 400,000.00
Other
liabilities EUR 849,373.49
Liabililties
due to related companiesEUR
69,943.83
Unspecified
other liabilities EUR 779,429.66
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Gross
result (+/-) EUR 10,525,225.93
Staff
expenses EUR 4,580,331.46
Wages and
salaries EUR
3,586,637.35
Social
security contributions and
expenses
for pension plans and
benefits EUR 993,694.11
Total
depreciation EUR 450,286.22
Depreciation
on tangible / intangible
asssets
(incl. start-up and exp. of
bus. EUR 450,286.22
Other
operating expenses EUR 3,260,592.14
Operating
result from continuing
operations EUR 2,234,016.11
Interest
result (+/-) EUR 18,941.22
Interest
and similar income EUR 60,181.36
Interest
and similar expenses EUR 41,240.14
Other
financial result EUR 5,821.06
Income
from securities and loans from
financial
assets EUR 5,821.06
Financial
result (+/-) EUR 24,762.28
Result
from ordinary operations (+/-) EUR 2,258,778.39
Income
tax / refund of income tax (+/-)EUR
-660,131.92
Other
taxes / refund of taxes EUR -3,508.05
Tax
(+/-)
EUR -663,639.97
Annual
surplus / annual deficit EUR 1,595,138.42
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.42 |
|
|
1 |
Rs.87.37 |
|
Euro |
1 |
Rs.69.95 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.