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Report Date : |
07.11.2012 |
IDENTIFICATION DETAILS
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Name : |
SPRINGER GMBH |
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Registered Office : |
Herrenpfad-Süd 4c D 41334 Nettetal |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
10.09.1996 |
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Com. Reg. No.: |
HRB 8428 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Construction of utility projects for fluids |
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No. of Employees : |
47 |
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RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit: |
136,500 EUR |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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) |
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Germany |
A1 |
A1 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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
Springer GmbH
Company
Status: active
Herrenpfad-Süd 4c
D 41334 Nettetal
Telephone:02157/89650
Telefax: 02157/896540
Homepage:
www.springer-gmbh.de
E-mail: info@springer-gmbh.de
DE812083057
LEGAL FORM Private
limited company
Date of
foundation: 10.09.1996
Shareholders'
agreement: 10.09.1996
Registered
on: 01.10.1996
Commercial
Register: Local court 47798 Krefeld
under: HRB
8428
EUR 127,822.98
Christoph Springer
Moersenstr. 40
D 41749 Viersen
born: 24.08.1965
Share: EUR 63,911.49
Shareholder:
Anne Springer
Moersenstr. 40
D 41749 Viersen
born: 07.02.1971
Share: EUR 63,911.49
Manager:
Christoph Springer
Moersenstr. 40
D 41749 Viersen
having sole power of
representation
born: 24.08.1965
Profession: Businessman
Marital status: married
Proxy:
Ralf Theodor Kathagen
D 41334 Nettetal
authorized to jointly
represent the company
born: 22.02.1972
Proxy:
Klaus Lambertz
D 41366 Schwalmtal
authorized to jointly
represent the company
born: 09.11.1963
01.10.1996 -
07.11.2000 Springer GmbH
Herrenpfad-Süd 36
D 41334 Nettetal
Private limited
company
Sectors
42210 Construction of utility projects for fluids
46721 Wholesale of iron ores, iron, steel and iron
and steel semi-finished goods
46722 Wholesale of non-ferrous ores, metals and
metal semi-finished goods
4674 Wholesale of hardware, plumbing and heating
equipment and supplies
Branch:
Springer GmbH
Ringstr. 2
D 99885 Ohrdruf
Payment experience: cash discount/within agreed terms
Negative
information:We have no negative information at hand.
Maximum credit: 136,500 EUR
Balance sheet
year: 2011
Type of
ownership: Tenant
Address Herrenpfad-Süd 4c
D 41334 Nettetal
Real Estate
of: Christoph Springer
Type of
ownership: unknown
Address Moersenstr. 40
D 41749 Viersen
Land register
documents were not available.
SPARKASSE KREFELD,
VIERSEN
Sort. code:
32050000, BIC: SPKRDE33XXX
COMMERZBANK FIL
NETTETAL-LOBBERICH, NETTETAL
Sort. code:
31040015, BIC: COBADEFF310
UNICREDIT BANK -
HYPOVEREINSBANK, LINDAU (BODENSEE)
Sort. code:
60020290, BIC: HYVEDEMM473
SPARKASSE KREFELD,
KREFELD
Sort. code:
32050000, BIC: SPKRDE33XXX
Gross profit or
loss:2010 EUR 4,344,576.00
2011 EUR 5,454,628.00
Profit: 2010 EUR 816,488.00
2011 EUR 1,172,459.00
further business
figures:
Equipment: EUR 504,358.00
Ac/ts
receivable:
EUR 729,097.00
Liabilities: EUR
4,153,279.00
Employees:
47
Balance sheet
ratios 01.01.2011 - 31.12.2011
Equity ratio
[%]: 61.08
Liquidity
ratio: 0.18
Return on total capital
[%]: 9.76
Balance sheet
ratios 01.01.2010 - 31.12.2010
Equity ratio
[%]: 69.30
Liquidity
ratio: 0.35
Return on total
capital [%]: 8.53
Balance sheet
ratios 01.01.2009 - 31.12.2009
Equity ratio
[%]: 70.94
Liquidity
ratio: 0.35
Return on total
capital [%]: 9.89
Balance sheet
ratios 01.01.2008 - 31.12.2008
Equity ratio
[%]: 61.26
Liquidity
ratio: 0.39
Return on total
capital [%]: 16.48
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: 01.01.2011 - 31.12.2011
ASSETS EUR 11,965,902.27
Fixed assets EUR 4,419,743.60
Intangible assets EUR 16,584.50
Other / unspecified intangible assetsEUR 16,584.50
Tangible assets EUR 4,403,159.10
Land / similar rights EUR 1,451,462.60
Plant / machinery EUR 2,407,738.50
Other tangible assets / fixtures and
fittings EUR 504,358.00
Advance payments made / construction
in progress EUR 39,600.00
Current assets EUR 7,520,704.67
Stocks EUR 6,704,892.59
Accounts receivable EUR 729,097.26
Other debtors and assets EUR 729,097.26
Liquid means EUR 86,714.82
Remaining other assets EUR 25,454.00
Accruals (assets) EUR 25,454.00
LIABILITIES EUR 11,965,902.27
Shareholders' equity EUR 7,312,027.36
Capital EUR 127,822.97
Subscribed capital (share capital) EUR 127,822.97
Balance sheet profit/loss (+/-) EUR 7,184,204.39
Profit / loss brought forward EUR 6,011,745.32
Annual surplus / annual deficit EUR 1,172,459.07
Provisions EUR 500,596.00
Liabilities EUR 4,153,278.91
Financial debts EUR 3,057,741.41
Liabilities due to banks EUR 3,057,741.41
Other liabilities EUR 1,095,537.50
Unspecified other liabilities EUR 1,095,537.50
PROFIT AND LOSS
ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Gross result (+/-) EUR 5,454,628.23
Staff expenses EUR 2,012,986.77
Wages and salaries EUR 1,740,202.73
Social security contributions and
expenses for pension plans and
benefits EUR 272,784.04
Total depreciation EUR 487,428.01
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 487,428.01
Other operating expenses EUR 1,244,266.95
Operating result from continuing
operations EUR 1,709,946.50
Interest result (+/-) EUR -76,020.16
Interest and similar income EUR 752.31
Interest and similar expenses EUR 76,772.47
Financial result (+/-) EUR -76,020.16
Result from ordinary operations (+/-) EUR
1,633,926.34
Extraordinary income EUR 14,618.61
Extraordinary expenses EUR 9,247.32
Extraordinary result (+/-) EUR 5,371.29
Income tax / refund of income tax
(+/-)EUR -466,838.56
Tax (+/-) EUR -466,838.56
Annual surplus / annual deficit EUR 1,172,459.07
Type of balance
sheet: Company balance sheet
Financial
year: 01.01.2010 - 31.12.2010
ASSETS EUR 9,499,851.86
Fixed assets EUR 3,772,282.16
Intangible assets EUR 20,255.00
Other / unspecified intangible
assetsEUR 20,255.00
Tangible assets EUR 3,752,027.16
Land / similar rights EUR 1,505,302.60
Plant / machinery EUR
1,397,408.50
Other tangible assets / fixtures and
fittings EUR 452,550.50
Advance payments made / construction
in progress EUR 396,765.56
Current assets
EUR 5,707,411.70
Stocks EUR 4,720,833.98
Accounts receivable EUR 926,499.53
Other debtors and assets EUR 926,499.53
Liquid means EUR 60,078.19
Remaining other assets EUR 20,158.00
Accruals (assets) EUR 20,158.00
LIABILITIES EUR 9,499,851.86
Shareholders' equity EUR 6,572,775.67
Capital EUR 127,822.97
Subscribed capital (share capital) EUR 127,822.97
Balance sheet profit/loss (+/-) EUR 6,444,952.70
Profit / loss brought forward EUR 5,628,464.94
Annual surplus / annual deficit EUR 816,487.76
Provisions EUR 206,945.00
Liabilities EUR 2,719,521.19
Financial debts EUR 1,311,825.06
Liabilities due to banks EUR 1,311,825.06
Other liabilities EUR 1,407,696.13
Unspecified other liabilities EUR 1,407,696.13
Other liabilities EUR 610.00
Deferred taxes (not included under
provisions/liabilities) EUR 610.00
PROFIT AND LOSS ACCOUNT
(cost-summary method) according to Comm.
Code (HGB)
Gross result (+/-) EUR 4,344,576.15
Staff expenses EUR 1,780,623.42
Wages and salaries EUR 1,545,830.19
Social security contributions and
expenses for pension plans and
benefits EUR 234,793.23
Total depreciation EUR 380,221.58
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 380,221.58
Other operating expenses EUR 1,100,335.51
Operating result from continuing
operations EUR 1,083,395.64
Interest result (+/-) EUR -25,305.04
Interest and similar income EUR 8,485.12
Interest and similar expenses EUR 33,790.16
Financial result (+/-) EUR -25,305.04
Result from ordinary operations (+/-) EUR
1,058,090.60
Extraordinary income EUR 7,305.00
Extraordinary result (+/-) EUR 7,305.00
Income tax / refund of income tax
(+/-)EUR -248,907.84
Tax (+/-) EUR -248,907.84
Annual surplus / annual deficit EUR 816,487.76
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.59 |
|
|
1 |
Rs.87.31 |
|
Euro |
1 |
Rs.69.86 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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 |
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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 |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.