MIRA INFORM REPORT
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Report Date : |
16.03.2013 |
IDENTIFICATION DETAILS
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Name : |
FERDINAND GROSS
GMBH & CO. KG |
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Registered Office : |
Daimlerstrasse 8 ,Leinfelden-Echterdingen,
70771 |
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Country : |
Germany |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
02.01.1978 |
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Com. Reg. No.: |
221054 |
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Legal Form : |
Private Independent |
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Line of Business : |
Wholesale of hardware, plumbing and heating equipment and supplies |
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No. of Employees : |
230 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 : |
No Complaints |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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Germany |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 |
COMPANY NAME & ADDRESS
FERDINAND GROSS
GMBH & CO. KG
Daimlerstrasse 8
Leinfelden-Echterdingen, 70771
Germany
Tel: 49-71116040
Fax: 49-71116042609
Website : www.schrauben-gross.de
synthesis
Employees: 230
Company Type: Private Independent
Incorporation Date: 02-Jan-1978
Financials in: USD
(mil)
Fiscal Year End: 31-Dec-2010
Reporting Currency: Euro
Annual Sales: 70.8
Total Assets: 34.4
Business Description
Founded in 1864, Ferdinand Gross GmbH & Co. KG is one of the largest
suppliers of fasteners in Germany. The company offers a variety of technical
products and hand tools. It provides 24-hour delivery, thread locking and
warehousing services. The company offers custom-made and drawing parts. It
offers galvanic and zinc lamination coating services. The company operates a
distribution centre and undertakes production and finishing processes. It
provides quality and supply chain management solutions. The company also offers
ball bearings, gaskets and seals. It provides electrical parts, such as
cable-end sleeves, toggle switches and terminals. The company offers parts,
such as bolting and hydraulic valves. In addition, it maintains a stock of
fastening elements.
Industry
Industry Miscellaneous
Transportation
ANZSIC 2006: 5309 - Other
Warehousing and Storage Services
NACE 2002: 6312 - Storage and
warehousing
NAICS 2002: 531130 - Lessors
of Miniwarehouses and Self-Storage Units
UK SIC 2003: 63129 - Other
storage and warehousing not elsewhere classified
UK SIC 2007: 52103 - Operation
of warehousing and storage facilities for land transport activities of division
49
US SIC 1987: 4225 - General
Warehousing and Storage
Key
Executives
Name Title
Gerald Hering Managing Partner
News
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Registered
No.(DEU):221054
1 - Profit &
Loss Item Exchange Rate: USD 1 = EUR 0.7550783
2 - Balance Sheet Item Exchange Rate:
USD 1 = EUR 0.7454064
Location
Daimlerstrasse 8
Leinfelden-Echterdingen, 70771
Germany
Tel: 49-71116040
Fax: 49-71116042609
Website : www.schrauben-gross.de
Sales EUR(mil): 53.4
Assets EUR(mil): 25.7
Employees: 230
Fiscal Year End: 31-Dec-2010
Industry: Miscellaneous
Transportation
Incorporation Date: 02-Jan-1978
Company Type: Private Independent
Quoted Status: Not Quoted
Registered No.(DEU): 221054
Managing Partner : Gerald Hering
Business Description
Founded in 1864, Ferdinand Gross GmbH & Co. KG is one of the largest
suppliers of fasteners in Germany. The company offers a variety of technical
products and hand tools. It provides 24-hour delivery, thread locking and
warehousing services. The company offers custom-made and drawing parts. It offers
galvanic and zinc lamination coating services. The company operates a
distribution centre and undertakes production and finishing processes. It
provides quality and supply chain management solutions. The company also offers
ball bearings, gaskets and seals. It provides electrical parts, such as
cable-end sleeves, toggle switches and terminals. The company offers parts,
such as bolting and hydraulic valves. In addition, it maintains a stock of
fastening elements.
More Business Descriptions
Warehousing & Logistics Services
Ferdinand Gross GmbH & Co. KG is primarily engaged in wholesale of
hardware, plumbing and heating equipment and supplies. This class also
includes: wholesale of sanitary installation equipment (tubes, pipes, fittings,
taps, T-pieces, connections, rubber pipes, etc.); and wholesale of tools such
as hammers, saws, screwdrivers and other hand tools.
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Key Corporate Relationships |
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Bank: Kreissparkasse Esslingen-Nurtingen,
Baden-Wurttembergische Bank, Stuttgarter Volksbank |
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Executives Report
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Executives |
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Managing Partner |
Partner |
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Ferdinand Gross
baut Speicherinfrastruktur aus |
07-Aug-2012 |
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Annual
Profit & Loss
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|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.755078 |
0.719047 |
0.683679 |
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Consolidated |
No |
No |
No |
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Total income |
70.8 |
60.3 |
92.6 |
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Raw materials and services |
48.3 |
38.1 |
59.9 |
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Net sales |
70.8 |
60.3 |
92.6 |
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Other operating income |
1.1 |
0.7 |
0.9 |
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Raw materials and consumables employed |
48.3 |
38.1 |
59.9 |
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Other external charges |
0.0 |
- |
- |
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Cost of goods sold |
48.3 |
38.1 |
59.9 |
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Cost of raw materials |
48.3 |
38.1 |
59.9 |
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Taxes and social security costs |
1.8 |
2.0 |
2.6 |
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Total payroll costs |
11.2 |
11.7 |
16.1 |
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Fixed asset depreciation and amortisation |
0.3 |
0.3 |
0.4 |
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Other operating costs |
10.5 |
9.6 |
12.4 |
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Net operating income |
1.4 |
1.4 |
4.6 |
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Other income |
0.0 |
0.0 |
0.0 |
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Interest payable on loans |
0.9 |
1.1 |
1.4 |
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Total expenses |
0.9 |
1.1 |
1.4 |
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Profit before tax |
0.5 |
0.3 |
3.2 |
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Provisions |
1.6 |
2.0 |
2.4 |
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Extraordinary expenses |
0.0 |
- |
- |
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Extraordinary result |
0.0 |
- |
- |
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Other taxes |
0.0 |
0.0 |
0.0 |
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Total taxation |
0.2 |
0.2 |
0.6 |
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Net profit |
0.3 |
0.1 |
2.6 |
Annual
Balance Sheet
Financials in: USD (mil)
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|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
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Consolidated |
No |
No |
No |
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Total reserves |
4.2 |
4.4 |
4.2 |
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Profits for the year |
0.2 |
0.1 |
1.8 |
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Total stockholders equity |
7.3 |
7.5 |
9.0 |
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Deferred taxation |
0.0 |
0.1 |
0.0 |
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Other provisions |
0.8 |
1.0 |
1.2 |
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Provision for pensions |
0.9 |
1.0 |
1.0 |
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Provisions and allowances |
1.7 |
2.1 |
2.3 |
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Other debentures |
1.4 |
5.4 |
- |
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Total long-term liabilities |
1.4 |
5.4 |
- |
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Trade creditors |
6.5 |
1.6 |
4.3 |
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Other loans |
9.7 |
7.5 |
12.6 |
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Taxation and social security |
0.4 |
1.5 |
2.1 |
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Other current liabilities |
7.4 |
5.2 |
4.1 |
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Total current liabilities |
24.0 |
15.9 |
23.8 |
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Total liabilities (including net worth) |
34.4 |
30.9 |
35.1 |
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Patents |
0.5 |
0.4 |
0.4 |
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Intangibles |
0.5 |
0.4 |
0.5 |
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Land and buildings |
0.7 |
0.7 |
0.8 |
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Machinery and tools |
0.1 |
0.1 |
0.1 |
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Fixtures and equipment |
0.7 |
0.7 |
0.8 |
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Total tangible fixed assets |
1.5 |
1.4 |
1.5 |
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Long-term investments |
0.0 |
0.0 |
0.0 |
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Other financial assets |
0.0 |
- |
- |
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Shares held in associated companies |
2.7 |
2.8 |
1.8 |
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Deposits |
- |
0.1 |
0.1 |
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Total financial assets |
2.8 |
2.9 |
2.0 |
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Total non-current assets |
4.8 |
4.8 |
3.9 |
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Finished goods |
18.4 |
17.8 |
24.3 |
|
Prepayments |
0.3 |
0.1 |
0.6 |
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Net stocks and work in progress |
18.7 |
17.9 |
24.9 |
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Trade debtors |
7.6 |
4.1 |
3.3 |
|
Other receivables |
0.4 |
0.4 |
0.6 |
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Total receivables |
10.7 |
6.4 |
5.8 |
|
Owing from associated companies |
2.7 |
1.9 |
1.9 |
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Cash and liquid assets |
0.1 |
1.7 |
0.4 |
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Total current assets |
29.5 |
26.0 |
31.1 |
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Prepaid expenses and deferred costs |
0.1 |
0.1 |
0.1 |
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Total assets |
34.4 |
30.9 |
35.1 |
Annual
Ratios
Financials in: USD (mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
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Consolidated |
No |
No |
No |
|
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|
|
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Current ratio |
12.27 |
16.34 |
13.06 |
|
Acid test ratio |
4.50 |
5.08 |
2.60 |
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Total liabilities to net worth |
0.35% |
0.28% |
0.26% |
|
Net worth to total assets |
0.02% |
0.02% |
0.03% |
|
Current liabilities to net worth |
0.33% |
0.21% |
0.26% |
|
Current liabilities to stock |
0.13% |
0.09% |
0.10% |
|
Fixed assets to net worth |
0.07% |
0.06% |
0.04% |
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Collection period |
387.00 |
241.00 |
135.00 |
|
Stock turnover rate |
2.60 |
2.89 |
2.83 |
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Profit margin |
0.00% |
0.00% |
0.00% |
|
Return on assets |
0.00% |
0.00% |
0.01% |
|
Shareholders' return |
0.00% |
0.00% |
0.03% |
|
Sales per employee |
26.19 |
22.57 |
27.28 |
|
Profit per employee |
0.12 |
0.03 |
0.76 |
|
Average wage per employee |
4.15 |
4.39 |
4.73 |
|
Net worth |
7.3 |
7.5 |
9.0 |
|
Number of employees |
204 |
192 |
232 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.54.16 |
|
UK Pound |
1 |
Rs.81.74 |
|
Euro |
1 |
Rs.70.50 |
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.