|
Report Date : |
12.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
MASCHINENFABRIK GUSTAV EIRICH GMBH & CO. KG |
|
|
|
|
Registered Office : |
Walldürner Str. 50, D 74736 Hardheim |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Year of Establishment : |
1863 |
|
|
|
|
Com. Reg. No.: |
HRA 460030 |
|
|
|
|
Legal Form : |
Ltd Partnership With Priv. Ltd. Company As General Partner |
|
|
|
|
Line of Business : |
Manufacture of other general-purpose machinery |
|
|
|
|
No. of Employees : |
662 Employees |
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 – June 30th,
2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
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 6.0% 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 |
MASCHINENFABRIK
GUSTAV EIRICH GMBH & CO. KG
Walldürner Str. 50
D 74736 Hardheim
Telephone:06283/510
Telefax:
06283/51315
Homepage: www.eirich.com
E-mail: eirich@eirich.de
DE144452385
Company Status: active
LEGAL FORM : Ltd partnership with priv. ltd. company as general partner
Date of foundation : 1863
Registered on: 01.01.1937
Register of
companies: Local court 68159 Mannheim
under: HRA 460030
Total cap. contribution: EUR 3,579,043.19
Hubert Eirich-Hollerbach
Erster Sandweg 16
D
74736 Hardheim
born: 18.01.1935
born: Eirich
Share: EUR 1,073,712.95
Limited partner:
Walter Eirich
Spessartweg 18
D
74736 Hardheim
born: 26.12.1936
deceased: 2002
Share: EUR 536,856.48
Limited partner:
Paul Eirich
Bahnhofstr. 11
D
74736 Hardheim
born: 14.04.1942
Share: EUR 536,856.48
Limited partner:
Rosemarie Eirich
D
74736 Hardheim
Share: EUR 178,952.16
Limited partner:
Christoph Eirich
GB Hotton Brendwood
Share: EUR 178,952.16
Limited partner:
Carolin Eirich-Heffner
D
71634 Ludwigsburg
born: 16.09.1965
Share: EUR 178,952.16
Limited partner:
Annette Rohmann
Brucknerstr. 9
D
74722 Buchen
born: 12.03.1968
Share: EUR 178,952.16
Limited partner:
Philipp Eirich
Spessartweg 18
D
74736 Hardheim
born: 16.03.1973
Share: EUR 178,952.16
Limited partner:
Bastian Eirich
Spessartweg 18
D
74736 Hardheim
born: 27.12.1977
Share: EUR 178,952.16
Limited partner:
Stephan Eirich
Bahnhofstr. 11
D
74736 Hardheim
born: 16.03.1975
Share: EUR 178,952.16
Limited partner:
Kathrin Eirich
Bahnhofstr. 11
D
74736 Hardheim
born: 07.10.1976
Share: EUR 178,952.16
Eirich Prozeßtechnik GmbH
Walldürner Str. 50
D
74736 Hardheim
Legal form: Private limited company
Share capital: EUR 1,600,000.00
Registered on: 21.07.1998
Reg. data: 68159 Mannheim, HRB 460523
Hubert Eirich-Hollerbach
Erster Sandweg 16
D
74736 Hardheim
having sole power of representation
born: 18.01.1935
born: Eirich
Profession: graduate engineer
Marital status: married
Manager:
Paul Eirich
Bahnhofstr. 11
D
74736 Hardheim
having sole power of representation
born: 14.04.1942
Profession: Engineer
Marital status: married
Manager:
Ralf Rohmann
Brucknerstr. 9
D
74722 Buchen
having sole power of representation
born: 16.10.1960
Profession: Fully qualified management
expert
Marital status: married
Manager:
Stephan Eirich
D
74736 Hardheim
having sole power of representation
born: 16.03.1975
Wilhelm Walter Seitz
D
86438 Kissing
authorized to jointly represent the company
born: 11.07.1960
Proxy:
Winfried Diem
D
74736 Hardheim
Proxy:
Ralf Rohmann
Brucknerstr. 9
D
74722 Buchen
born: 16.10.1960
Profession: Fully qualified management
expert
Marital status: married
Proxy:
Stephan Eirich
Bahnhofstr. 11
D
74736 Hardheim
born: 16.03.1975
Proxy:
Uwe Greißing
D
74736 Hardheim
born: 08.08.1960
Proxy:
Andreas Seiler
D
97941 Tauberbischofsheim
born:
30.09.1959
Proxy:
Jürgen Trunk
D
74731 Walldürn
authorized to jointly represent the company
born: 09.01.1960
Proxy:
Dr. Christoph Heynen
Jägerweg 7
D
93173 Wenzenbach
authorized to jointly represent the company
born: 08.01.1965
01.01.1937 - 09.07.1998
Maschinenfabrik Gustav
Eirich
Walldürner
Str. 50
D
74736 Hardheim
Limited
partnership
Main industrial sector
28290 Manufacture of
other general-purpose machinery
Average risk of default: 4.6 %
Branch:
Maschinenfabrik Gustav Eirich GmbH & Co. KG
Speckweg 43-51
D
68305 Mannheim
TEL.: 0621/750400
FAX.: 0621/7504233
Shareholder:
ELOTEC Prozessdatentechnik GmbH
Berliner Str. 161
D
65205 Wiesbaden
Legal form: Private limited company
Company Status: in liquidation
since: 04.01.2012
Share capital: EUR 102,258.37
Share: EUR 52,151.77
Reg. data: 08.07.1981
Local court 65185 Wiesbaden
HRB 5187
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 Walldürner Str. 50
D 74736 Hardheim
Real Estate of: Eirich Prozeßtechnik GmbH
Type of ownership: Tenant
Address Walldürner Str. 50
D 74736 Hardheim
Land register documents were not available.
Principal bank
SPARKASSE TAUBERFRANKEN, HARDHEIM, ODENW
Sort. code: 67352565, BIC: SOLADES1TBB
Further banks
VOLKSBANK FRANKEN, HARDHEIM, ODENW
Sort. code: 67461424, BIC: GENODE61BUC
COMMERZBANK VORMALS DRESDNER BANK, MOSBACH, BADEN
Sort. code: 67080050, BIC: DRESDEFF670
VOLKSBANK FRANKEN, WALLDÜRN
Sort. code: 67461424, BIC: GENODE61BUC
DEUTSCHE BANK, MANNHEIM
Sort. code: 67070010, Account no.: 21000108, BIC:
DEUTDESMXXX
Turnover:
2011 EUR 103,410,333.00
Profit:
2011 EUR 9,752,263.00
Equipment: EUR 3,830,121.00
Ac/ts receivable: EUR 23,232,740.00
Liabilities: EUR 47,329,460.00
Employees:
662
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]:
58.13
Liquidity ratio:
2.00
Return on total capital [%]:
13.67
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]:
61.19
Liquidity ratio: 10.00
Return on total capital [%]:
7.65
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]:
59.48
Liquidity ratio:
5.15
Return on total capital [%]:
2.50
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]:
55.94
Liquidity ratio:
2.71
Return on total capital [%]:
19.57
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 71,319,526.46
Fixed assets EUR 23,991,628.39
Intangible assets EUR 477,974.91
Concessions, licences,
rights EUR 477,974.91
Tangible assets EUR 18,433,584.20
Land / similar
rights EUR 5,202,077.34
Plant / machinery EUR 3,538,756.00
Other tangible assets /
fixtures and
fittings EUR 3,830,121.08
Advance payments made /
construction
in progress EUR 5,862,629.78
Financial assets EUR 5,080,069.28
Shares in participations
/
subsidiaries and the
like EUR 192,427.26
Shares in related
companies EUR 192,427.26
Other loans EUR 4,887,642.02
Current assets EUR 46,993,637.10
Stocks EUR 17,512,415.70
Raw materials,
consumables and
supplies EUR 11,413,908.63
Finished goods / work in
progress EUR 18,075,641.93
Advance payments
made EUR 1,095,648.77
Minus received advance
payments for
orders / installments for
stocks EUR -13,072,783.63
Accounts receivable EUR 23,232,739.79
Trade debtors EUR 8,446,051.86
Amounts due from related
companies EUR 106,997.60
Amounts due from investee
companies EUR 12,929,295.27
Other debtors and
assets EUR 1,750,395.06
Liquid means EUR 6,248,481.61
Remaining other assets EUR 334,260.97
Accruals (assets) EUR 107,386.07
Active difference from
asset
offsetting EUR 226,874.90
LIABILITIES EUR 71,319,526.46
Shareholders' equity EUR 12,000,000.00
Capital EUR 3,600,000.00
Limited partner's capital
/ capital
of partially liable
partner (LP) EUR 3,600,000.00
Reserves EUR 8,400,000.00
Provisions EUR 11,914,679.64
Pension provisions and
comparable
provisions EUR 84,559.00
Provisions for taxes EUR 3,065,302.00
Other / unspecified
provisions EUR 8,764,818.64
Liabilities EUR 47,329,460.05
Financial debts EUR 4,588,234.48
Liabilities due to
banks EUR 4,588,234.48
Other liabilities EUR 42,741,225.57
Trade creditors (for IAS
incl. bills
of exchange) EUR 6,602,519.63
Liabililties due to
related companiesEUR 283,422.78
Liabilities due to
investee companiesEUR
5,405,215.40
Unspecified other
liabilities EUR 30,450,067.76
thereof liabilities from
tax /
financial
authorities EUR 438,895.70
Other liabilities EUR 75,386.77
Deferred taxes (not
included under
provisions/liabilities)
EUR 75,386.77
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Sales EUR 103,410,333.30
Inventory change + own
costs (+/-) EUR 6,784,991.94
Inventory change
(+/-) EUR 4,099,358.37
Capitalised own costs EUR 2,685,633.57
Other operating income EUR 2,921,370.11
Cost of materials EUR 37,448,281.63
Raw materials and
supplies, purchased
goods EUR 33,062,528.64
Purchased services EUR 4,385,752.99
Gross result (+/-) EUR 75,668,413.72
Staff expenses EUR 38,097,407.88
Wages and salaries EUR 32,145,168.48
Social security
contributions and
expenses for pension plans
and
benefits EUR 5,952,239.40
Total depreciation EUR 2,163,505.91
Depreciation on tangible /
intangible
asssets (incl. start-up and
exp. of
bus. EUR 2,163,505.91
Other operating
expenses EUR 20,934,624.00
Operating result from
continuing
operations EUR 14,472,875.93
Interest result (+/-) EUR -2,089,636.55
Interest and similar
income EUR 271,578.16
Interest and similar
expenses EUR 2,361,214.71
Financial result (+/-) EUR -2,089,636.55
Result from ordinary
operations (+/-) EUR 12,383,239.38
Income tax / refund of
income tax (+/-)EUR -2,571,009.22
Other taxes / refund of
taxes EUR -59,966.86
Tax (+/-) EUR -2,630,976.08
Annual surplus / annual
deficit EUR 9,752,263.30
Type of
balance
sheet: Company balance sheet
Financial
year: 01.01.2010 - 31.12.2010
ASSETS EUR 50,313,325.35
Fixed assets EUR 17,990,924.95
Intangible assets EUR 516,255.90
Concessions, licences,
rights EUR 516,255.90
Tangible assets EUR 11,819,123.40
Land / similar
rights EUR 4,705,870.04
Plant / machinery EUR 2,586,865.18
Other tangible assets /
fixtures and
fittings EUR 3,578,891.23
Advance payments made /
construction
in progress EUR 947,496.95
Financial assets EUR 5,655,545.65
Shares in participations
/
subsidiaries and the
like EUR 244,579.03
Shares in related
companies EUR 244,579.03
Other loans EUR 5,410,966.62
Current assets EUR 32,140,682.56
Stocks EUR 4,128,476.72
Raw materials,
consumables and
supplies EUR 6,217,956.19
Finished goods / work in
progress EUR 12,349,597.12
Advance payments
made EUR 698,663.01
Minus received advance
payments for
orders / installments for
stocks EUR -15,137,739.60
Accounts receivable EUR 17,889,332.92
Trade debtors EUR 8,743,041.42
Amounts due from related
companies EUR 91,702.89
Amounts due from investee
companies EUR 7,874,953.33
Other debtors and
assets EUR 1,179,635.28
Liquid means EUR 10,122,872.92
Remaining other assets EUR 181,717.84
Accruals (assets) EUR 181,717.84
LIABILITIES EUR 50,313,325.35
Shareholders' equity EUR 12,000,000.00
Capital EUR 3,600,000.00
Limited partner's capital
/ capital
of partially liable
partner (LP) EUR 3,600,000.00
Reserves EUR 8,400,000.00
Provisions EUR
8,600,482.77
Pension provisions and
comparable
provisions EUR 89,863.00
Provisions for taxes EUR 1,430,654.00
Other / unspecified
provisions EUR 7,079,965.77
Liabilities EUR 29,712,842.58
Financial debts EUR 4,607,536.21
Liabilities due to
banks EUR 4,607,536.21
Other liabilities EUR 25,105,306.37
Trade creditors (for IAS
incl. bills
of exchange) EUR 3,066,783.98
Liabililties due to
related companiesEUR
84,168.20
Liabilities due to
investee companiesEUR 2,093,353.38
Unspecified other
liabilities EUR 19,861,000.81
thereof liabilities from
tax /
financial
authorities EUR 394,815.18
Guarantees and other
commitments EUR 8,688,000.00
Guarantees / warranties EUR 8,688,000.00
Warranties EUR 8,688,000.00
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Sales EUR 74,342,387.15
Inventory change + own
costs (+/-) EUR 3,329,238.43
Inventory change
(+/-) EUR 2,229,251.35
Capitalised own costs EUR 1,099,987.08
Other operating income EUR 1,028,156.79
Cost of materials EUR 22,772,597.65
Raw materials and
supplies, purchased
goods EUR 21,281,145.88
Purchased services EUR 1,491,451.77
Gross result (+/-) EUR 55,927,184.72
Staff expenses EUR 31,253,797.53
Wages and salaries EUR 26,228,370.81
Social security
contributions and
expenses for pension plans
and
benefits EUR 5,025,426.72
Total depreciation EUR 1,930,504.30
Depreciation on tangible /
intangible
asssets (incl. start-up
and exp. of
bus. EUR 1,930,504.30
Other operating
expenses EUR 16,174,513.71
Operating result from
continuing
operations EUR 6,568,369.18
Interest result (+/-) EUR -1,753,722.24
Interest and similar
income EUR 199,725.36
Interest and similar
expenses EUR 1,953,447.60
Financial result (+/-) EUR -1,753,722.24
Result from ordinary
operations (+/-) EUR 4,814,646.94
Extraordinary income EUR 119,199.00
Extraordinary expenses EUR 946,144.00
Extraordinary result
(+/-) EUR -826,945.00
Income tax / refund of
income tax (+/-)EUR -942,160.87
Other taxes / refund of
taxes EUR -45,308.89
Tax (+/-) EUR -987,469.76
Annual surplus / annual
deficit EUR 3,000,232.18
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.54.53 |
|
UK Pound |
1 |
Rs.88.05 |
|
Euro |
1 |
Rs.72.29 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
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.