|
Report Date : |
15.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
SCHÄFER + PETERS GMBH |
|
|
|
|
Registered Office : |
Zeilbaumweg 32 D 74613 Öhringen |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
13.07.1982 |
|
|
|
|
Com. Reg. No.: |
HRB 580350 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
Manufacture of fasteners and screw
machine products |
|
|
|
|
No. of Employees : |
186 |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
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 |
SCHÄFER + PETERS GMBH
Company Status: active
Zeilbaumweg 32
D 74613 Öhringen
Telephone:07941/60940
Telefax: 07941/6094700
Homepage: www.schaefer-peters.com
E-mail:
info@schaefer-peters.com
VAT no.: DE146288880
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1982
Registered on: 13.07.1982
Commercial Register: Local court 70190 Stuttgart
under: HRB 580350
Share capital: EUR 1,000,000.00
Shareholder:
S + P Holding GmbH
Zeilbaumweg 32
D 74613 Öhringen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 1,000,000.00
Registered on: 26.09.2001
Reg. data: 70190
Stuttgart, HRB 581013
Manager:
Gerhard Schäfer
Linckestr. 10
D 74629 Pfedelbach
having sole power of
representation
born: 29.11.1946
Profession: Industrial
manager
Marital status: married
Manager:
Helmut Peters
Bügenstegener Weg 5
D 74523 Schwäbisch Hall
having sole power of
representation
born: 01.02.1956
Profession: Businessman
Marital status:
married
Further
functions/participations of Gerhard Schäfer (Manager)
Limited
partner:
Markus Verwaltungs-GmbH
& Co. KG
Linckestr. 10
D 74629 Pfedelbach
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 1,000,000.00
contribution:
Share: EUR 700,000.00
Registered
on: 18.12.2006
Reg. data: 70190 Stuttgart, HRA 720735
Limited
partner:
Reederei MS
"MAGELLAN PLANET" Schiffahrts
GmbH & Co. KG
An der Werft 2
D 21680 Stade
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 6,100,000.00
contribution:
Share: EUR 250,000.00
Registered
on: 20.07.2012
Reg. data:
21255 Tostedt, HRA 202256
Shareholder:
Markus Beteiligungs-GmbH
Linckestr. 10
D 74629 Pfedelbach
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 18.12.2006
Reg. data: 70190 Stuttgart, HRB 721701
Shareholder:
S+P Neuhardenberg
Verwaltungs GmbH
Zeilbaumweg 32
D 74613 Öhringen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 17.12.2012
Reg. data: 70190 Stuttgart, HRB 743387
Shareholder:
S + P Holding GmbH
Zeilbaumweg 32
D 74613 Öhringen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 26.09.2001
Reg. data: 70190 Stuttgart, HRB 581013
Manager:
OVT Oberflächen- und
Verpackungstechnik GmbH
Kirschfeldstr. 23
D 74629 Pfedelbach
Legal form: Private
limited company
Share capital: EUR 102,300.00
Registered
on: 31.07.2001
Reg. data: 70190 Stuttgart, HRB 581009
Manager:
Marinetech
Edelstahlhandel Beteiligungs-GmbH
Am Rönnebecker Hain 6
D 28777 Bremen
Legal form: Private limited company
Share capital: EUR 26,000.00
Registered
on: 02.02.1993
Reg. data: 28195 Bremen, HRB 14677
Manager:
fusconic Verwaltungs GmbH
Zeilbaumweg 32
D 74613 Öhringen
Legal form: Private
limited company
Share capital: EUR 26,000.00
Registered
on: 17.11.1997
Reg. data: 70190 Stuttgart, HRB 580864
Manager:
S+P Neuhardenberg
Verwaltungs GmbH
Zeilbaumweg 32
D 74613 Öhringen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 17.12.2012
Reg. data: 70190 Stuttgart, HRB 743387
Manager:
S + P Holding GmbH
Zeilbaumweg 32
D 74613 Öhringen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 26.09.2001
Reg. data: 70190 Stuttgart, HRB 581013
Manager:
Markus Beteiligungs-GmbH
Linckestr. 10
D 74629 Pfedelbach
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 18.12.2006
Reg. data: 70190 Stuttgart, HRB 721701
Proxy:
Schäfer Real Estate GmbH
Christian-Schöck-Str.
41/3
D 74613 Öhringen
Legal form: Private
limited company
Share
capital: EUR 200,000.00
Registered
on: 15.09.2011
Reg. data: 70190 Stuttgart, HRB 738750
1982 - 1985 Schäfer
+ Peters GmbH
Ulandstr.
18
D 74613 Öhringen
Private limited company
1986 - 31.12.1991 Schäfer + Peters GmbH
Stettiner Str. 27
D
74613 Öhringen
Private limited company
Main
industrial sector
2594
Manufacture of fasteners and screw machine products
Secondary
industrial sector
46154
Agents involved in the sale of iron, metal and plastic goods n.e.c.
Payment experience: cash
discount/within agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2011
Type of ownership: part
owner
Share: 50.00 %
Address Zeilbaumweg
32
D 74613 Öhringen
Real Estate of: Gerhard
Schäfer
Type of ownership: proprietor
Share: 100.00 %
Address Linckestr.
10
D 74629 Pfedelbach
Real Estate of: Helmut
Peters
Type of ownership: proprietor
Share: 100.00 %
Address Bügenstegener
Weg 5
D 74523 Schwäbisch Hall
Land register documents were not available.
BADEN-WÜRTTEMBERGISCHE BANK/LANDESBANK
BADEN-WÜRTTEMBERG,
ÖHRINGEN
Sort. code: 60050101, BIC: SOLADEST600
SPARKASSE HOHENLOHEKREIS, ÖHRINGEN
Sort. code: 62251550, BIC: SOLADES1KUN
COMMERZBANK, HEILBRONN, NECKAR
Sort. code: 62040060, BIC: COBADEFF620
Turnover: 2011 EUR 139,210,686.00
2012 EUR 140,000,000.00
Profit: 2011 EUR 13,997,506.00
further business figures:
Equipment: EUR 1,415,768.00
Ac/ts receivable: EUR 23,474,867.00
Liabilities: EUR 11,054,561.00
Employees:
186
-
thereof permanent staff: 167
-
Trainees:
19
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 79.86
Liquidity ratio: 10.00
Return on total capital [%]: 15.48
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 68.31
Liquidity ratio: 1.85
Return on total capital [%]: 9.44
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 70.09
Liquidity ratio: 3.19
Return on total capital [%]: 18.93
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 66.95
Liquidity ratio: 1.54
Return on total capital [%]: 15.18
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 90,427,251.56
Fixed assets EUR 15,643,079.80
Intangible assets
EUR 43,443.00
Concessions, licences, rights
EUR 43,443.00
Tangible assets
EUR 15,598,669.43
Land / similar rights
EUR 13,723,051.90
Plant / machinery
EUR 459,850.00
Other tangible assets / fixtures and
fittings
EUR 1,415,767.53
Financial assets EUR 967.37
Securities included in fixed assets
EUR 967.37
Current assets
EUR 74,637,619.92
Stocks
EUR 35,744,995.39
Finished goods / work in progress
EUR 30,958,000.00
Advance payments made
EUR 4,786,995.39
Accounts receivable
EUR 23,474,866.67
Trade debtors
EUR 11,328,659.26
Amounts due from related companies
EUR 369,365.61
Other debtors and assets
EUR 11,776,841.80
Liquid means
EUR 15,417,757.86
Remaining other assets
EUR 146,551.84
Accruals (assets)
EUR 146,551.84
LIABILITIES EUR 90,427,251.56
Shareholders' equity
EUR 71,738,861.50
Capital
EUR 1,000,000.00
Subscribed capital (share capital)
EUR 1,000,000.00
Reserves
EUR 39,000,000.00
Retained earnings / revenue reserves EUR 39,000,000.00
Balance sheet profit/loss (+/-) EUR
31,738,861.50
Balance sheet profit / loss
EUR 31,738,861.50
Provisions
EUR 7,633,829.00
Pension provisions and comparable
provisions
EUR 3,645,029.00
Other / unspecified provisions
EUR 3,988,800.00
Liabilities
EUR 11,054,561.06
Other liabilities
EUR 11,054,561.06
Trade creditors (for IAS incl. bills
of exchange) EUR 1,277,052.62
Liabililties due to related companiesEUR 474,866.79
Unspecified other liabilities
EUR 9,302,641.65
Guarantees and other commitments
EUR 70,950,000.00
Sureties / lendings of
creditworthiness
EUR 70,950,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales
EUR 139,210,686.30
Other operating income
EUR 9,504,659.82
Cost of materials
EUR 100,671,699.55
Raw materials and supplies, purchased
goods
EUR 100,355,370.07
Purchased services
EUR 316,329.48
Gross result (+/-)
EUR 48,043,646.57
Staff expenses
EUR 11,273,887.58
Wages and salaries
EUR 9,631,025.75
Social security contributions and
expenses for pension plans and
benefits
EUR 1,642,861.83
Total depreciation
EUR 5,187,123.29
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,087,123.29
Depreciation on current assets (+/-)
EUR 4,100,000.00
Other operating expenses
EUR 12,501,944.98
Operating result from continuing
operations
EUR 19,080,690.72
Interest result (+/-)
EUR 399,780.91
Interest and similar income
EUR 942,864.56
Interest and similar expenses
EUR 543,083.65
Other financial result
EUR -117.60
Depreciation on financial assets and
marketable securities
EUR 117.60
Financial result (+/-)
EUR 399,663.31
Result
from ordinary operations (+/-) EUR 19,480,354.03
Income tax / refund of income tax (+/-)EUR -5,436,672.00
Other taxes / refund of taxes
EUR -46,175.70
Tax (+/-)
EUR -5,482,847.70
Annual surplus / annual deficit
EUR 13,997,506.33
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 84,327,678.72
Fixed
assets EUR 16,210,690.52
Intangible assets
EUR 51,080.00
Concessions, licences, rights
EUR 51,080.00
Tangible assets
EUR 16,158,555.18
Land / similar rights
EUR 13,905,884.90
Plant / machinery
EUR 509,769.00
Other tangible assets / fixtures and
fittings
EUR 1,742,901.28
Financial assets
EUR 1,055.34
Securities included in fixed assets
EUR 1,055.34
Current assets
EUR 68,073,588.20
Stocks
EUR 37,448,324.33
Finished goods / work in progress
EUR 31,363,000.00
Advance payments made
EUR 6,085,324.33
Accounts receivable
EUR 24,887,377.67
Trade debtors
EUR 10,480,936.40
Amounts due from related companies
EUR 510,930.28
Other debtors and assets
EUR 13,895,510.99
Liquid means
EUR 5,737,886.20
Remaining other assets EUR 43,400.00
Accruals (assets)
EUR 43,400.00
LIABILITIES EUR 84,327,678.72
Shareholders' equity
EUR 57,741,355.17
Capital EUR 1,000,000.00
Subscribed capital (share capital)
EUR 1,000,000.00
Reserves
EUR 39,000,000.00
Retained earnings / revenue reserves EUR 39,000,000.00
Balance sheet profit/loss (+/-)
EUR 17,741,355.17
Balance sheet profit / loss
EUR 17,741,355.17
Provisions
EUR 7,642,794.00
Pension provisions and comparable
provisions EUR 3,239,894.00
Other / unspecified provisions
EUR 4,402,900.00
Liabilities
EUR 18,943,529.55
Other liabilities
EUR 18,943,529.55
Trade creditors (for IAS incl. bills
of exchange)
EUR 1,724,894.74
Liabililties due to related companiesEUR 18,693.65
Unspecified other liabilities
EUR 17,199,941.16
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales
EUR 138,855,138.09
Other operating income
EUR 6,779,001.58
Cost of materials
EUR 103,932,030.50
Raw materials and supplies, purchased
goods
EUR 103,563,714.21
Purchased services
EUR 368,316.29
Gross result (+/-)
EUR 41,702,109.17
Staff expenses EUR 11,946,933.41
Wages and salaries
EUR 9,678,961.90
Social security contributions and
expenses for pension plans and
benefits
EUR 2,267,971.51
Total depreciation
EUR 7,522,671.48
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,056,004.81
Depreciation on current assets (+/-)
EUR 6,466,666.67
Other operating expenses
EUR 13,470,979.57
Operating result from continuing
operations
EUR 8,761,524.71
Interest result (+/-)
EUR 2,489,170.36
Interest and similar income
EUR 2,987,525.30
Interest and similar expenses
EUR 498,354.94
Financial result (+/-)
EUR 2,489,170.36
Result from ordinary operations (+/-)
EUR 11,250,695.07
Extraordinary expenses
EUR 199,554.00
Extraordinary result (+/-)
EUR -199,554.00
Income tax / refund of income tax (+/-)EUR -3,271,047.73
Other taxes / refund of taxes
EUR -57,089.37
Tax (+/-)
EUR -3,328,137.10
Annual surplus / annual deficit
EUR 7,723,003.97
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.57.74 |
|
|
1 |
Rs.90.64 |
|
Euro |
1 |
Rs.77.02 |
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.