|
Report Date : |
24.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
AFS ENTWICKLUNGS + VERTRIEBS -GMBH |
|
|
|
|
Registered Office : |
Von-Holzapfel-Str. 10, D 86497 Horgau |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
29.10.1985 |
|
|
|
|
Com. Reg. No.: |
HRB 9245 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Manufacturer of machinery for
food, beverage and tobacco processing |
|
|
|
|
No. of Employees : |
72 |
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 : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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 |
|
Very High |
C1 |
|
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 |
AFS Entwicklungs + Vertriebs -GmbH
Von-Holzapfel-Str. 10
D 86497 Horgau
Telephone: 08294/80494-0
Telefax: 08294/80494-45
Homepage: www.afs.biz
E-mail: info@afs.biz
active
DE127470717
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 29.10.1985
Shareholders'
agreement: 29.10.1985
Registered on: 18.11.1985
Commercial Register: Local
court 86150 Augsburg
under: HRB 9245
Share capital:
EUR 51,129.19
Gerhard Arlt
Schloßbergstr. 1
OT Reitenbuch
D 86850 Fischach
born: 09.12.1958
Share: EUR 51,129.19
Gerhard Arlt
Schloßbergstr. 1
OT Reitenbuch
D 86850 Fischach
having sole power of representation
born: 09.12.1958
Profession: Fully qualified engineer
Marital status: married
Manager:
Albert
Biswanger
Klinkertorstr. 13
D
86152 Augsburg
having
sole power of representation
born:
09.12.1959
Profession: Businessman
Marital status: married
Further
functions/participations of Gerhard Arlt (Manager)
General partner:
Gerhard Arlt, Dieter Frei
Gessertshausener Str. 3
D
86356 Neusäß
Legal
form: Partnership under the Civil Code
Manager:
SOFTAL
Corona & Plasma GmbH
König-Georg-Stieg 1
D
21107 Hamburg
Legal form: Private limited
company
Share
capital: EUR 25,564.59
Registered
on: 24.06.1974
Reg.
data: 20355 Hamburg, HRB 16759
Member of the Supervisory Board:
Augusta-Bank eG Raiffeisen-Volksbank
Schießgrabenstr. 10
D
86150 Augsburg
Legal
form: Registered cooperative
Registered
on: 27.11.1957
Reg.
data: 86150 Augsburg, GnR 1485
Further
functions/participations of Albert Biswanger (Manager)
Manager:
SOFTAL
Corona & Plasma GmbH
König-Georg-Stieg 1
D
21107 Hamburg
Legal
form: Private limited company
Share
capital: EUR 25,564.59
Registered
on: 24.06.1974
Reg.
data: 20355 Hamburg, HRB 16759
29.10.1985 - 31.01.1990 AFS
Entwicklungs + Vertriebs -GmbH
Untere Lettenbergstr. 9
D
86420 Diedorf
Private limited company
01.02.1990 -
09.09.2008 AFS Entwicklungs + Vertriebs
-GmbH
Gessertshausener Str. 13
D
86356 Neusäß
Private limited company
Main industrial sector
·
28930
Manufacture of machinery for food, beverage and tobacco processing
Shareholder:
SOFTAL
Corona & Plasma GmbH
König-Georg-Stieg 1
D
21107 Hamburg
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 25,564.59
Share: EUR 25,564.59
Reg. data: 24.06.1974
Local court 20355 Hamburg
HRB 16759
Payment experience: takes
advantage of cash discount
Negative information: We
have no negative information at hand.
Balance sheet year: 2011
Type of ownership: proprietor
Share: 100.00 %
Address Gessertshausener Str. 13
D 86356 Neusäß
Value at selling price:
EUR 767,000.00
Type of ownership: Tenant
Address Von-Holzapfel-Str. 10
D 86497 Horgau
Real Estate of: Gerhard Arlt
Type of ownership: proprietor
Share: 100.00 %
Address Schloßbergstr. 1 OT Reitenbuch
D 86850 Fischach
Land register documents were not available.
AUGUSTA-BANK
RAIFFEISEN-VOLKSBANK, NEUSÄß
Sort. code: 72090000, BIC: GENODEF1AUB
STADTSPARKASSE
AUGSBURG, AUGSBURG, BAY
Sort. code: 72050000, BIC: AUGSDE77XXX
UNICREDIT BANK - HYPOVEREINSBANK,
NEUSÄß
Sort. code: 72020070, BIC: HYVEDEMM408
Gross profit or loss:2011 EUR 11,323,650.00
Profit: 2011 EUR 2,222,094.00
Equipment: EUR 443,765.00
Ac/ts receivable: EUR 2,178,576.00
Liabilities: EUR 4,715,313.00
Total numbers of vehicles: 10
-
Lorries: 1
-
Passenger cars:
2
Employees:
72
-
thereof permanent staff: 72
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 43.20
Liquidity ratio: 1.01
Return on total capital [%]: 18.83
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 32.83
Liquidity ratio: 0.24
Return on total capital [%]: 5.05
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 32.31
Liquidity ratio: 0.34
Return on total capital [%]: 1.03
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 31.33
Liquidity ratio: 0.31
Return on total capital [%]: 9.15
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 11,947,638.96
Fixed
assets EUR 5,962,746.30
Intangible assets
EUR 93,660.00
Other / unspecified intangible assetsEUR 93,660.00
Tangible assets
EUR 5,069,086.30
Land / similar rights
EUR 4,355,614.30
Plant / machinery
EUR 269,707.00
Other tangible assets / fixtures and
fittings
EUR 443,765.00
Financial
assets EUR 800,000.00
Shares in participations /
subsidiaries and the like
EUR 25,000.00
Shares in related companies
EUR 25,000.00
Loans to participations /
subsidiaries and the like
EUR 775,000.00
Loans to related companies
EUR 775,000.00
Current assets
EUR 5,844,474.85
Stocks
EUR 1,111,598.12
Accounts receivable
EUR 2,178,575.85
Amounts due from related companies
EUR 782,322.37
Other debtors and assets
EUR 1,396,253.48
Liquid means
EUR 2,554,300.88
Remaining other assets
EUR 140,417.81
Accruals (assets)
EUR 38,214.81
Deferred taxes (assets)
EUR 102,203.00
LIABILITIES EUR 11,947,638.96
Shareholders' equity
EUR 5,144,242.35
Capital
EUR 51,129.19
Subscribed capital (share capital)
EUR 51,129.19
Balance sheet profit/loss (+/-)
EUR 5,093,113.16
Balance sheet profit / loss
EUR 5,093,113.16
Provisions
EUR 2,088,083.76
Liabilities
EUR 4,715,312.85
Financial
debts EUR 2,708,524.87
Liabilities due to banks
EUR 2,708,524.87
Other liabilities
EUR 2,006,787.98
Liabililties due to related companiesEUR 274,570.72
Unspecified other liabilities
EUR 1,732,217.26
Guarantees and other commitments
EUR 2,155,518.00
Guarantees / warranties
EUR 2,155,518.00
Guarantees
EUR 2,155,518.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 11,323,649.57
Staff expenses
EUR 6,259,974.42
Wages and salaries EUR 5,402,685.20
Social security contributions and
expenses for pension plans and
benefits
EUR 857,289.22
Total depreciation
EUR 320,423.85
Depreciation
on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 320,423.85
Other operating expenses
EUR 1,693,517.18
Operating result from continuing
operations
EUR 3,049,734.12
Result from participating interests
(+/-)
EUR 86,601.65
Expenses / income from participations EUR 86,601.65
Income from transfer of profits
EUR 86,601.65
Interest result (+/-)
EUR -33,583.11
Interest and similar income
EUR 83,596.94
thereof from related companies
EUR 46,500.00
Interest and similar expenses
EUR 117,180.05
Financial result (+/-)
EUR 53,018.54
Result from ordinary operations (+/-)
EUR 3,102,752.66
Income tax / refund of income tax (+/-)EUR -870,384.48
Other
taxes / refund of taxes EUR -10,274.06
Tax
(+/-)
EUR -880,658.54
Annual surplus / annual deficit
EUR 2,222,094.12
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 8,872,719.72
Fixed assets
EUR 5,849,665.30
Intangible assets
EUR 27,495.00
Other / unspecified intangible assetsEUR 27,495.00
Tangible assets
EUR 5,022,170.30
Land / similar rights
EUR 4,450,714.30
Plant / machinery
EUR 208,901.00
Other tangible assets / fixtures and
fittings
EUR 362,555.00
Financial assets
EUR 800,000.00
Shares in participations /
subsidiaries and the like
EUR 25,000.00
Shares in related companies
EUR 25,000.00
Loans to participations /
subsidiaries and the like
EUR 775,000.00
Loans to related companies
EUR 775,000.00
Current assets
EUR 2,926,920.20
Stocks
EUR 1,199,918.24
Accounts receivable
EUR 1,042,739.52
Amounts due from related companies
EUR 67,610.04
Other debtors and assets
EUR 975,129.48
Liquid means
EUR 684,262.44
Remaining other assets
EUR 96,134.22
Accruals (assets)
EUR 24,284.22
Deferred taxes (assets)
EUR 71,850.00
LIABILITIES EUR 8,872,719.72
Shareholders' equity
EUR 2,922,148.23
Capital EUR 51,129.19
Subscribed capital (share capital)
EUR 51,129.19
Balance sheet profit/loss (+/-)
EUR 2,871,019.04
Balance sheet profit / loss
EUR 2,871,019.04
Provisions EUR 830,779.32
Liabilities
EUR 5,119,792.17
Financial debts
EUR 3,641,330.73
Liabilities due to banks
EUR 3,641,330.73
Other
liabilities EUR 1,478,461.44
Liabililties due to related companiesEUR 67,949.81
Unspecified other liabilities
EUR 1,410,511.63
Guarantees and other commitments
EUR 2,888,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 7,035,434.03
Staff expenses
EUR 4,178,182.24
Wages and salaries EUR 3,564,573.23
Social security contributions and
expenses for pension plans and
benefits
EUR 613,609.01
Total depreciation
EUR 290,000.36
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 290,000.36
Other operating expenses
EUR 1,605,106.19
Operating result from continuing
operations EUR 962,145.24
Result from participating interests
(+/-)
EUR -2,452.08
Expenses for participations
EUR 2,452.08
Expenses for other participations
EUR 2,452.08
Interest result (+/-)
EUR -321,341.40
Interest and similar income
EUR 58,835.51
thereof from related companies
EUR 45,608.22
Interest and similar expenses
EUR 380,176.91
Financial result (+/-)
EUR -323,793.48
Result from ordinary operations (+/-)
EUR 638,351.76
Extraordinary income
EUR 12,880.00
Extraordinary result (+/-)
EUR 12,880.00
Income tax / refund of income tax (+/-)EUR -180,483.11
Other taxes / refund of taxes
EUR -10,242.53
Tax
(+/-)
EUR -190,725.64
Annual surplus / annual deficit
EUR 460,506.12
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.69 |
|
UK Pound |
1 |
Rs.100.79 |
|
Euro |
1 |
Rs.86.30 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.