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Report Date : |
06.08.2013 |
IDENTIFICATION DETAILS
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Name : |
SHS CAS GRAPHISCHE MASCHINEN GMBH |
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Registered Office : |
Oststr. 87, D 22844 Norderstedt |
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Country : |
Germany |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
10.06.2008 |
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Com. Reg. No.: |
HRB 10044 KI |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesaler of other household goods |
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No. of Employees : |
12 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but Correct |
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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 – March 31st 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
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 6.5% in 2012. GDP contracted 5.1% in 2009 but grew
by 4.2% in 2010, and 3.0% in 2011, before dipping to 0.7% in 2012 - a
reflection of low investment spending due to crisis-induced uncertainty and the
decreased demand for German exports from recession-stricken periphery
countries. Stimulus and stabilization efforts initiated in 2008 and 2009 and
tax cuts introduced in Chancellor Angela MERKEL's second term increased
Germany's total budget deficit - including federal, state, and municipal - to
4.1% in 2010, but slower spending and higher tax revenues reduced the deficit
to 0.8% in 2011. In 2012 Germany reached a budget surplus of 0.1%. 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 though
the target was already reached in 2012. By 2014, the federal government wants
to balance its budget. 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 electricity generating capacity and 46% of its base-load electricity
production.
|
Source : CIA |
SHS CAS Graphische Maschinen GmbH
Oststr. 87
D 22844 Norderstedt
Telephone: 040/52102060
Telefax:
040/5210206-20
Homepage: www.shsgm.com
E-mail:
office@shsgm.com
active
LEGAL FORM Private limited company
Date of foundation: 10.06.2008
Shareholders'
agreement: 10.06.2008
Registered on: 31.07.2008
Commercial Register: Local
court 24114 Kiel
under: HRB 10044 KI
Share capital: EUR 800,000.00
SHS Graphische Maschinen GmbH
Oststr. 87
D 22844 Norderstedt
Legal form: Private limited company in
liquidation
Share capital: EUR 205,500.00
Share: EUR 400,000.00
Registered on: 23.06.2006
Reg. data: 24114 Kiel, HRB 3706 BB
Shareholder:
Prasit
Dararattanaroj
1579 Soi
Ladprao 94,
Wangthonglang
THA - Bangkok
born:
10.05.1944
Share: EUR 100,000.00
Shareholder:
Amorn
Dararattanaroj
599/9 Nonsi
Road, Chongmansi
Yammawa
THA - Bangkok
born: 20.03.1937
Share: EUR 100,000.00
Shareholder:
Somsak
Dararattanaroj
Soachingcha
Pranakern
THA - Bangkok
born:
29.08.1938
Share: EUR 100,000.00
Shareholder:
Surapol
Dararattanaroj
248/2 MOO 17
Salathammascp.
Thaweiwattana
THA - Bangkok
born: 20.02.1961
Share: EUR 100,000.00
Dirk Heuchert
D 24340 Eckernförde
having sole power of representation
born: 23.03.1964
Profession: Businessman
Marital status: unknown
Manager:
Thomas Ernst
Heuchert
D 22889
Tangstedt
having sole
power of representation
born:
22.09.1962
Profession:
Businessman
Marital status:
single
Further functions/participations of Dirk
Heuchert (Manager)
Shareholder:
SHS
Graphische Maschinen GmbH
Oststr. 87
D 22844
Norderstedt
Legal form: Private
limited company in
liquidation
Share
capital: EUR 205,500.00
Share: EUR 102,750.00
Registered
on:
23.06.2006
Reg.
data: 24114 Kiel, HRB 3706 BB
Liquidator:
SHS
Graphische Maschinen GmbH
Oststr. 87
D 22844
Norderstedt
Legal form:
Private limited company in
liquidation
Share
capital: EUR 205,500.00
Registered
on: 23.06.2006
Reg.
data: 24114 Kiel, HRB 3706 BB
Further functions/participations of Thomas
Ernst Heuchert
(Manager)
Shareholder:
SHS
Graphische Maschinen GmbH
Oststr. 87
D 22844
Norderstedt
Legal form:
Private limited company in
liquidation
Share
capital: EUR 205,500.00
Share: EUR 102,750.00
Registered
on: 23.06.2006
Reg.
data: 24114 Kiel, HRB 3706 BB
Main industrial
sector
4649 Wholesale of other
household goods
Payment experience: within
periods customary in this trade
Negative information: We have
no negative information at hand.
Balance sheet year: 2011
Type of ownership: Tenant
Address Oststr. 87
D 22844 Norderstedt
Land register documents were not available.
A bank connection is unknown.
Turnover: 2012 EUR 1,980,000.00
Profit: 2011 EUR -7,702.00
further
business figures:
Equipment: EUR 77,000.00
Ac/ts
receivable:
EUR 1,284,549.00
Liabilities: EUR 1,580,749.00
Employees:
12
-
thereof permanent staff: 10
-
Part-time employees: 2
The aforementioned business figures may partly be estimated information
based on average values in the line of business.
Balance
sheet ratios 01.01.2011 - 31.12.2011
Equity
ratio [%]: 32.63
Liquidity
ratio: 0.79
Return
on total capital [%]: -0.33
Balance
sheet ratios 01.01.2010 - 31.12.2010
Equity
ratio [%]: 36.42
Liquidity
ratio: 1.05
Return
on total capital [%]: 0.16
Balance
sheet ratios 01.01.2009 - 31.12.2009
Equity
ratio [%]: 33.96
Liquidity
ratio: 1.11
Return
on total capital [%]: 0.28
Balance
sheet ratios 18.06.2008 - 31.12.2008
Equity
ratio [%]: 37.16
Liquidity
ratio: 1.00
Return
on total capital [%]: 0.12
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 2,387,946.10
Fixed
assets EUR 58,522.00
Tangible assets
EUR 58,522.00
Other / unspecified tangible assets
EUR 58,522.00
Current assets EUR 2,294,280.56
Stocks
EUR 973,988.70
Other / unspecified stocks
EUR 973,988.70
Accounts receivable
EUR 1,284,548.67
Other debtors and assets
EUR 1,284,548.67
Investments in current assets
EUR 33,273.00
Other investments
EUR 33,273.00
Liquid means
EUR 2,470.19
Remaining other assets EUR 35,143.54
Accruals (assets)
EUR 35,143.54
LIABILITIES EUR 2,387,946.10
Shareholders' equity EUR 804,696.92
Capital EUR 800,000.00
Subscribed capital (share capital)
EUR 800,000.00
Balance sheet profit/loss (+/-)
EUR 4,696.92
Profit / loss brought forward
EUR 12,399.39
Annual
surplus / annual deficit EUR -7,702.47
Provisions EUR 2,500.00
Other
/ unspecified provisions EUR 2,500.00
Liabilities EUR 1,580,749.18
Other
liabilities EUR 1,580,749.18
Unspecified other liabilities
EUR 1,580,749.18
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS
EUR 2,132,483.83
Fixed
assets EUR 92,021.00
Tangible assets
EUR 92,021.00
Other / unspecified tangible assets
EUR 92,021.00
Current
assets EUR 2,017,221.58
Stocks
EUR 578,550.77
Accounts receivable
EUR 1,438,582.26
Other debtors and assets
EUR 1,438,582.26
Liquid means
EUR 88.55
Remaining other assets EUR 23,241.25
Accruals (assets)
EUR 23,241.25
LIABILITIES EUR 2,132,483.83
Shareholders' equity EUR 812,399.39
Capital
EUR 800,000.00
Subscribed capital (share capital)
EUR 800,000.00
Balance sheet profit/loss (+/-)
EUR 12,399.39
Profit / loss brought forward
EUR 9,154.07
Annual surplus / annual deficit
EUR 3,245.32
Provisions EUR 3,413.00
Liabilities EUR
1,315,744.69
Other
liabilities EUR 1,315,744.69
Unspecified other liabilities
EUR 1,315,744.69
Other
liabilities EUR 926.75
Deferrals (liabilities) EUR 926.75
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.82 |
|
UK Pound |
1 |
Rs.92.97 |
|
Euro |
1 |
Rs.80.73 |
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 |
|
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NB |
New Business |
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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.