MIRA INFORM REPORT

 

 

Report Date :

08.05.2013

 

IDENTIFICATION DETAILS

 

Name :

STRICKER GMBH & CO. KG

 

 

Registered Office :

An der Kleimannbrücke 4, D 48157 Münster

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

01.11.1932

 

 

Com. Reg. No.:

HRA 524

 

 

Legal Form :

Ltd partnership with priv. ltd. company as general partner

 

 

Line of Business :

Other non-ferrous metal production

 

 

No. of Employees :

111

 

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 – 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

 

Company name  

 

Stricker GmbH & Co. KG

 

 

Company address

 

An der Kleimannbrücke 4

D 48157 Münster

Telephone:        0251/32880

Telefax:            0251/3288129

Homepage:       www.stricker.ms

E-mail:              w.stricker@stricker.ms

 

 

Company Status

 

active

 

 

VAT no.         

 

DE126050968

 

 

CONCLUSION

 

 Business relations are permissible.

 

Synthesis

 

 LEGAL FORM              Ltd partnership with priv. ltd. company as

                                    general partner

 Date of foundation:      01.11.1932

 Begin of business

 activities:                                 01.11.1932

 Registered on:             02.01.1948

 Register of

 companies:                  Local court 48149 Münster

 under:                          HRA 524

 Total cap. contribution:  EUR            600,000.00

 

Limited partner

 

Joachim Stricker

Dachsleite 57

D 48157 Münster

born: 18.07.1946

Share:             EUR            450,000.00

 

Limited partner:

Wolfgang Stricker

Reinerskamp 47

D 48157 Münster

born: 08.08.1974

Share:             EUR            150,000.00

 

 

General partner

 

Stricker Beteiligungs- und

Verwaltungsgesellschaft mit beschränkter

Haftung

An der Kleimannbrücke 4

D 48157 Münster

Legal form: Private limited company

Share capital:     EUR             26,000.00

Registered on: 02.10.1978

Reg. data: 48149 Münster, HRB 1291

 

 

Shareholder

 

Stricker GmbH & Co. KG

An der Kleimannbrücke 4

D 48157 Münster

Legal form: Ltd partnership with priv. ltd.

company as general partner

Total cap.         EUR            600,000.00

contribution:

Share:             EUR             26,000.00

Registered on: 02.01.1948

Reg. data: 48149 Münster, HRA 524

 

 

Manager

 

Wolfgang Stricker

Reinerskamp 47

D 48157 Münster

having sole power of representation

born: 08.08.1974

Marital status: married

 

 

BUSINESS ACTIVITIES

 

Main industrial sector

·         24450   Other non-ferrous metal production

·         2599    Manufacture of other fabricated metal products n.e.c.

·         33120   Repair of machinery

·         46743   Wholes of metal and plastic goods for construction purposes

 

 

BRANCHES AND FACTORIES

 

Branch:

                      Stricker GmbH & Co. KG

                      Ammerländer Heerstr. 246

                      D 26129 Oldenburg

                      TEL.: 0441/75088

                      FAX.: 0441/72426

 

 

PARTICIPATIONS

 

Shareholder:

                      Stricker Beteiligungs- und

                      Verwaltungsgesellschaft mit beschränkter

                      Haftung

                      An der Kleimannbrücke 4

                      D 48157 Münster

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             26,000.00

                      Share:             EUR             26,000.00

                      Reg. data:  02.10.1978

                                  Local court 48149 Münster

                                  HRB 1291

 Shareholder:

                      BMMS-Gruppe GmbH

                      An der Kleimannbrücke 4

                      D 48157 Münster

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             30,000.00

                      Share:             EUR             10,000.00

                      Reg. data:  18.01.2012

                                  Local court 48149 Münster

                                  HRB 13619

 Shareholder:

                      Heiko Pfaff GmbH

                      Heinrich-von-Kleist-Str. 40

                      D 48161 Münster

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,000.00

                      Share:             EUR              2,500.00

                      Reg. data:  15.03.2012

                                  Local court 48149 Münster

                                  HRB 13725

 

 

FINANCIAL INFORMATION

 

Payment experience:     cash discount/within agreed terms

 

Negative information:    We have no negative information at hand.

 

Balance sheet year:       2011

 

 

REAL ESTATE

 

Type of ownership:        Tenant

 Address                       Ammerländer Heerstr. 246

                                    D 26129 Oldenburg

 

 Type of ownership:       proprietor

 Share:                          100.00 %

 Address                       An der Kleimannbrücke 4

                                    D 48157 Münster

 Type of real estate:      office building

 

 Type of ownership:       proprietor

 Share:                          100.00 %

 Address                       Rudolf-Diesel-Str. 12

                                    D 48157 Münster

 

Type of real estate:       works

 Size:                            5,000.00 sq.m

 Residential floor           3,200.00 sq.m

 space/ Usable floor

 space:

 

Real Estate of:           Stricker Beteiligungs- und

                      Verwaltungsgesellschaft mit beschränkter

                      Haftung

 Type of ownership:   Tenant

 

 Address                  An der Kleimannbrücke 4

                        D 48157 Münster

 

Land register documents were not available.

 

 

BANKERS

 

Principal bank

SPARKASSE MÜNSTERLAND OST, MÜNSTER, WESTF

Sort. code: 40050150, BIC: WELADED1MST

 

Further banks

COMMERZBANK, MÜNSTER, WESTF

Sort. code: 40040028, BIC: COBADEFF400

 

VOLKSBANK MÜNSTER, MÜNSTER, WESTF

Sort. code: 40160050, BIC: GENODEM1MSC

 

MÜNSTERLÄNDISCHE BANK THIE & CO, MÜNSTER, WESTF

Sort. code: 40030000, BIC: MLBKDEH1MUE

 

POSTBANK, DORTMUND

Sort. code: 44010046, BIC: PBNKDEFF440

 

 

FINANCIAL FIGURES

 

 Gross profit or loss:2011               EUR          8,308,297.00

                      2012               EUR          8,320,000.00

 Profit:              2011               EUR           -127,425.00

 further business figures:

 Equipment:                              EUR            528,543.00

 Ac/ts receivable:                       EUR          1,822,796.00

 Liabilities:                            EUR          7,747,217.00

 Total numbers of vehicles:                                     23

 - Lorries:                                                      6

 - Passenger cars:                                              17

 Employees:                                                    111

 - thereof permanent staff:                                     88

 - Part-time employees:                                         11

 - Trainees:                                                    11

 - Temporary workers:                                            1

 

 

BALANCE SHEETS

 

 Balance sheet ratios 01.01.2011 - 31.12.2011

 Equity ratio [%]:                  5.76

 Liquidity ratio:                   0.22

 Return on total capital [%]:      -1.44

 

 Balance sheet ratios 01.01.2010 - 31.12.2010

 Equity ratio [%]:                  8.49

 Liquidity ratio:                   0.24

 Return on total capital [%]:       0.21

 

 Balance sheet ratios 01.01.2009 - 31.12.2009

 Equity ratio [%]:                 10.43

 Liquidity ratio:                   0.21

 Return on total capital [%]:      -3.02

 

 Balance sheet ratios 01.01.2008 - 31.12.2008

 Equity ratio [%]:                 14.94

 Liquidity ratio:                   0.21

 Return on total capital [%]:      10.49

 

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          9,047,843.89

  Fixed assets                           EUR          3,696,848.30

   Intangible assets                     EUR            243,697.00

    Concessions, licences, rights        EUR             30,697.00

    Advance payments for intang. assets  EUR            213,000.00

   Tangible assets                       EUR          3,427,087.38

    Land / similar rights                EUR          2,834,819.00

    Plant / machinery                    EUR             63,725.00

    Other tangible assets / fixtures and

    fittings                             EUR            528,543.38

   Financial assets                      EUR             26,063.92

    Shares in participations /

    subsidiaries and the like            EUR             26,063.92

     Shares in related companies         EUR             26,063.92

  Current assets                         EUR          5,285,965.70

   Stocks                                EUR          3,428,679.22

   Accounts receivable                   EUR          1,822,795.60

    Amounts due from shareholders        EUR            171,173.27

    Other debtors and assets             EUR          1,651,622.33

   Liquid means                          EUR             34,490.88

  Remaining other assets                 EUR             65,029.89

   Accruals (assets)                     EUR             65,029.89

    thereof disagio                      EUR             25,000.00

 

 LIABILITIES                             EUR          9,047,843.89

  Shareholders' equity                   EUR            645,725.01

   Capital                               EUR            700,000.00

    Limited partner's capital / capital

    of partially liable partner (LP)     EUR            700,000.00

     Limited partner's  capital, fixed

     capital, capital account I          EUR            700,000.00

   Balance sheet profit/loss (+/-)       EUR            -54,274.99

    Annual surplus / annual deficit      EUR           -127,425.21

    Transfer to reserve                  EUR             73,150.22

  Items between shareholders' equity and

  debt capital                           EUR             26,063.92

   Balancing items for capitalised own

   shares in cos. acting as general

   partners                              EUR             26,063.92

  Provisions                             EUR            628,838.00

   Other / unspecified provisions        EUR            628,838.00

  Liabilities                            EUR          7,747,216.96

   Financial debts                       EUR          6,028,431.86

    Liabilities due to banks             EUR          6,028,431.86

   Other liabilities                     EUR          1,718,785.10

    Liabilities due to shareholders      EUR             36,903.49

    Unspecified other liabilities        EUR          1,681,881.61

     thereof liabilities from tax /

     financial authorities               EUR            112,912.27

     thereof liabilities from social

     security                            EUR             79,382.94

 

 PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.

 Code (HGB)

  Gross result (+/-)                     EUR          8,308,297.31

  Staff expenses                         EUR          5,064,334.96

   Wages and salaries                    EUR          4,152,909.23

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR            911,425.73

  Total depreciation                     EUR            262,710.93

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR            262,710.93

  Other operating expenses               EUR          2,679,145.30

  Operating result from continuing

  operations                             EUR            302,106.12

  Interest result (+/-)                  EUR           -343,482.48

   Interest and similar income           EUR                 14.33

   Interest and similar expenses         EUR            343,496.81

    thereof paid to related companies    EUR              2,012.41

  Financial result (+/-)                 EUR           -343,482.48

  Result from ordinary operations (+/-)  EUR            -41,376.36

  Income tax / refund of income tax (+/-)EUR            -36,611.00

  Other taxes / refund of taxes          EUR            -49,437.85

  Tax (+/-)                              EUR            -86,048.85

  Annual surplus / annual deficit        EUR           -127,425.21

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2010 - 31.12.2010

 

 ASSETS                                  EUR          8,058,372.04

  Fixed assets                           EUR          3,568,046.30

   Intangible assets                     EUR             50,648.00

    Other / unspecified intangible assetsEUR             50,648.00

   Tangible assets                       EUR          3,491,334.38

    Land / similar rights                EUR          2,948,536.38

    Plant / machinery                    EUR             74,829.00

    Other tangible assets / fixtures and

    fittings                             EUR            466,702.38

    Advance payments made / construction

    in progress                          EUR              1,266.62

   Financial assets                      EUR             26,063.92

    Shares in participations /

    subsidiaries and the like            EUR             26,063.92

     Shares in related companies         EUR             26,063.92

  Current assets                         EUR          4,404,509.53

   Stocks                                EUR          2,639,912.86

   Accounts receivable                   EUR          1,720,971.65

    thereof total due from shareholders  EUR            111,118.05

    Other debtors and assets             EUR          1,720,971.65

   Liquid means                          EUR             43,625.02

  Remaining other assets                 EUR             85,816.21

   Accruals (assets)                     EUR             85,816.21

 

 LIABILITIES                             EUR          8,058,372.04

  Shareholders' equity                   EUR            773,150.22

   Capital                               EUR            700,000.00

    Limited partner's capital / capital

    of partially liable partner (LP)     EUR            700,000.00

   Reserves                              EUR             73,150.22

    Retained earnings / revenue reserves EUR             73,150.22

  Items between shareholders' equity and

  debt capital                           EUR             26,063.92

   Balancing items for capitalised own

   shares in cos. acting as general

   partners                              EUR             26,063.92

  Provisions                             EUR            508,733.93

  Liabilities                            EUR          6,750,423.97

   thereof total due to shareholders     EUR             35,676.79

   Other liabilities                     EUR          6,750,423.97

    Unspecified other liabilities        EUR          6,750,423.97

     thereof liabilities from tax /

     financial authorities               EUR            199,150.59

     thereof liabilities from social

     security                            EUR             70,555.39

 

 PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.

 Code (HGB)

  Gross result (+/-)                     EUR          7,871,376.33

  Staff expenses                         EUR          4,726,181.93

   Wages and salaries                    EUR          3,920,531.82

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR            805,650.11

  Total depreciation                     EUR            274,779.09

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR            274,779.09

  Other operating expenses               EUR          2,559,956.27

  Operating result from continuing

  operations                             EUR            310,459.04

  Result from participating interests

  (+/-)                                  EUR             57,455.21

   Expenses / income from participations EUR             57,455.21

    Income from related companies        EUR             57,455.21

  Interest result (+/-)                  EUR           -279,773.14

   Interest and similar income           EUR             22,207.82

   Interest and similar expenses         EUR            301,980.96

    thereof paid to related companies    EUR              3,222.01

  Financial result (+/-)                 EUR           -222,317.93

  Result from ordinary operations (+/-)  EUR             88,141.11

  Extraordinary expenses                 EUR              3,000.00

  Extraordinary result (+/-)             EUR             -3,000.00

  Income tax / refund of income tax (+/-)EUR            -49,817.41

  Other taxes / refund of taxes          EUR            -21,451.40

  Tax (+/-)                              EUR            -71,268.81

  Annual surplus / annual deficit        EUR             13,872.30

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.27

UK Pound

1

Rs.84.32

Euro

1

Rs.70.99

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.