|
Report Date : |
18.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
MRS GREIFER- -UND MASCHINENBAU HELMSTADT GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG |
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|
|
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Registered Office : |
Talweg 15-17 D 74921 Helmstadt-Bargen |
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|
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Country : |
Germany |
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|
|
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Financials (as on) : |
31.12.2010 |
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|
|
|
Date of Incorporation : |
15.05.1977 |
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|
|
|
Legal Form : |
Private limited company |
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|
|
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line of business
: |
Manufacture of machinery for metallurgy |
|
|
|
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No. of Employees : |
84 |
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 – 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 |
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Moderate |
B1 |
|
High |
B2 |
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Very High |
C1 |
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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 |
MRS GREIFER- -UND MASCHINENBAU HELMSTADT GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG
Address
Talweg 15-17
D 74921 Helmstadt-Bargen
Telephone:07263/701
Telefax: 07263/912912
Homepage: www.mrs-greifer.de
E-mail: info@mrs-greifer.de
DE811358943
LEGAL FORM Private limited company
Date of foundation: 15.05.1977
Shareholders' agreement: 15.05.1977
Registered on: 19.08.1977
Commercial Register: Local court 68159 Mannheim
under: HRB 340297
Share capital
EUR 200,000.00
MRS Grundbesitz GmbH & Co. KG
Talweg 11
D 74921 Helmstadt-Bargen
Legal form: Ltd partnership with priv. ltd.
company as general partner
Total cap. EUR 50,000.00
contribution:
Share: EUR 200,000.00
Registered on: 04.07.2002
Reg. data: 68159 Mannheim, HRA 340726
Manager:
Holger Nuß
Klostergasse 7
D 74921 Helmstadt-Bargen
having sole power of representation
born: 14.02.1971
Manager:
Manfred Hönig
Brunnengasse 14
D 74921 Helmstadt-Bargen
having sole power of representation
born: 25.08.1973
Manager:
Dieter Guldner
D 74847 Obrigheim
having sole power of representation
born: 04.08.1961
Further
functions/participations of Holger Nuß (Manager)
Limited partner:
MRS Grundbesitz GmbH & Co. KG
Talweg 11
D 74921 Helmstadt-Bargen
Legal form: Ltd partnership with priv. ltd.
company as general partner
Total cap. EUR 50,000.00
contribution:
Share: EUR 7,500.00
Registered
on: 04.07.2002
Reg. data: 68159 Mannheim, HRA 340726
Manager:
MRS Beteiligungs GmbH
Talweg 11
D 74921 Helmstadt-Bargen
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 23.01.2002
Reg. data: 68159 Mannheim, HRB 341756
Further
functions/participations of Manfred Hönig (Manager)
Limited partner:
MRS Grundbesitz GmbH & Co. KG
Talweg 11
D 74921 Helmstadt-Bargen
Legal form: Ltd partnership with priv. ltd.
company as general partner
Total cap. EUR 50,000.00
contribution:
Share: EUR 10,000.00
Registered
on: 04.07.2002
Reg. data: 68159 Mannheim, HRA 340726
Manager:
MRS Beteiligungs GmbH
Talweg 11
D 74921 Helmstadt-Bargen
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 23.01.2002
Reg. data: 68159 Mannheim, HRB 341756
Further
functions/participations of Dieter Guldner (Manager)
Limited partner:
MRS Grundbesitz GmbH & Co. KG
Talweg 11
D 74921 Helmstadt-Bargen
Legal form: Ltd partnership with priv. ltd.
company as general partner
Total cap. EUR 50,000.00
contribution:
Share: EUR 2,500.00
Registered
on: 04.07.2002
Reg. data: 68159 Mannheim, HRA 340726
Manager:
MRS Beteiligungs GmbH
Talweg 11
D 74921 Helmstadt-Bargen
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 23.01.2002
Reg. data: 68159 Mannheim, HRB 341756
15.05.1977 - 30.06.1998 MRS Greifer- -und Maschinenbau Helmstadt
Gesellschaft mit beschränkter Haftung
Talweg 11-15
D 74921 Helmstadt-Bargen
Private limited company
Main industrial sector
28910 Manufacture of machinery for metallurgy
46693 Wholesale of other equipment and accessories for
machinery and technical supplies
Payment experience: takes advantage of cash discount
Negative information:We have no negative information at hand.
Type of ownership: Tenant
Address Talweg 15-17
D 74921 Helmstadt-Bargen
Land register documents were not available.
VOLKSBANK NECKARTAL, HELMSTADT-BARGEN
Sort. code: 67291700, BIC: GENODE61NGD
Turnover: 2011 EUR 12,180,000.00
Profit: 2010 EUR 1,034,196.00
further business
figures:
Equipment: EUR 140,147.00
Ac/ts
receivable:
EUR 2,032,038.00
Liabilities: EUR 187,026.00
Employees:
84
- thereof permanent
staff:
79
- Temporary
workers: 5
Balance sheet ratios
01.01.2010 - 31.12.2010
Equity ratio
[%]: 84.90
Liquidity
ratio: 10.00
Return on total
capital [%]: 18.45
Balance sheet ratios
01.01.2009 - 31.12.2009
Equity ratio
[%]: 76.15
Liquidity
ratio: 10.00
Return on total
capital [%]: 24.53
Balance sheet ratios
01.01.2008 - 31.12.2008
Equity ratio
[%]: 63.41
Liquidity
ratio: 10.00
Return on total
capital [%]: 24.30
Balance sheet ratios
01.01.2007 - 31.12.2007
Equity ratio
[%]: 48.57
Liquidity
ratio: 10.00
Return on total
capital [%]: 15.65
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.
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 6,561,903.27
Fixed assets EUR 222,171.42
Intangible assets EUR 454.00
Other / unspecified intangible
assetsEUR 454.00
Tangible assets EUR 220,859.00
Land / similar rights EUR 11,054.00
Plant / machinery EUR 69,658.00
Other tangible assets / fixtures and
fittings EUR 140,147.00
Financial assets EUR 858.42
Other / unspecified financial assets
EUR 858.42
Current assets EUR 6,338,314.85
Stocks EUR 995,633.83
Other / unspecified stocks EUR 995,633.83
Received advance payments for orders
(depreciated on the assets side) EUR -263,405.00
Accounts receivable EUR 2,032,037.92
Other debtors and assets EUR 2,032,037.92
Liquid means EUR 3,310,643.10
Remaining other assets EUR 1,417.00
Accruals (assets) EUR 1,417.00
LIABILITIES EUR 6,561,903.27
Shareholders' equity EUR 5,584,489.22
Capital EUR 200,000.00
Subscribed capital (share capital) EUR 200,000.00
Balance sheet profit/loss (+/-) EUR 5,384,489.22
Balance sheet profit / loss EUR 5,384,489.22
Provisions EUR 790,387.71
Liabilities EUR 187,026.34
Financial debts EUR 17,755.26
Liabilities due to banks EUR 17,755.26
Other liabilities EUR 169,271.08
Unspecified other liabilities EUR 169,271.08
PROFIT AND LOSS
ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Gross result (+/-) EUR 6,940,449.87
Staff expenses EUR 3,885,929.09
Wages and salaries EUR 3,256,562.12
Social security contributions and
expenses for pension plans and
benefits EUR 629,366.97
Total depreciation EUR 80,260.14
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 80,260.14
Other operating expenses EUR 1,293,864.61
Operating result from continuing
operations EUR 1,680,396.03
Interest result (+/-) EUR 8,627.95
Interest and similar income EUR 50,381.08
Interest and similar expenses EUR 41,753.13
thereof paid to related companies EUR 2,505.49
Financial result (+/-) EUR 8,627.95
Result from ordinary operations (+/-) EUR
1,689,023.98
Extraordinary expenses EUR 159,738.00
Extraordinary result (+/-) EUR -159,738.00
Income tax / refund of income tax
(+/-)EUR -481,200.45
Other taxes / refund of taxes EUR -13,889.29
Tax (+/-) EUR -495,089.74
Annual surplus / annual deficit EUR 1,034,196.24
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2009 - 31.12.2009
ASSETS EUR 6,246,746.63
Fixed assets EUR 247,075.00
Intangible assets EUR 1,163.00
Other / unspecified intangible
assetsEUR 1,163.00
Tangible assets EUR 245,087.00
Land / similar rights EUR 12,283.00
Plant / machinery EUR 88,724.00
Other tangible assets / fixtures and
fittings EUR 144,080.00
Financial assets EUR 825.00
Other / unspecified financial assets
EUR 825.00
Current assets EUR 5,998,212.63
Stocks EUR 1,331,658.47
Other / unspecified stocks EUR 1,331,658.47
Received advance payments for orders
(depreciated on the assets side) EUR -122,988.66
Accounts receivable EUR 2,597,752.13
Amounts due from investee companies EUR
181,169.12
Other debtors and assets EUR 2,416,583.01
Liquid means EUR 2,068,802.03
Remaining other assets EUR 1,459.00
Accruals (assets) EUR 1,459.00
LIABILITIES EUR 6,246,746.63
Shareholders' equity EUR 4,800,292.98
Capital EUR 200,000.00
Subscribed capital (share capital) EUR
200,000.00
Balance sheet profit/loss (+/-) EUR 4,600,292.98
Balance sheet profit / loss EUR 4,600,292.98
Provisions EUR 1,162,550.71
Liabilities EUR 283,902.94
Financial debts EUR 107,944.83
Liabilities due to banks EUR 107,944.83
Other liabilities EUR 175,958.11
Unspecified other liabilities EUR 175,958.11
PROFIT AND LOSS
ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Gross result (+/-) EUR 7,679,301.77
Staff expenses EUR 4,294,944.18
Wages and salaries EUR 3,587,668.96
Social security contributions and
expenses for pension plans and
benefits EUR 707,275.22
Total depreciation EUR 96,240.53
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 96,240.53
Other operating expenses EUR 1,259,259.90
Operating result from continuing
operations
EUR 2,028,857.16
Interest result (+/-) EUR 43,003.07
Interest and similar income EUR 52,498.94
Interest and similar expenses EUR 9,495.87
thereof paid to related companies EUR 3,349.85
Financial result (+/-) EUR 43,003.07
Result from ordinary operations (+/-) EUR
2,071,860.23
Income tax / refund of income tax
(+/-)EUR -570,219.78
Other taxes / refund of taxes EUR -13,964.29
Tax (+/-) EUR -584,184.07
Annual surplus / annual deficit EUR 1,487,676.16
There may have been some changes since our last research
took place. Therefore, a freshly researched report will follow shortly.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.75 |
|
UK Pound |
1 |
Rs.85.07 |
|
Euro |
1 |
Rs.69.04 |
INFORMATION DETAILS
|
Report Prepared by
: |
SDA |
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.