MIRA INFORM REPORT
|
Report Date : |
25.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
SCHMOLZ+BICKENBACH Distributions GmbH |
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Registered Office : |
Eupener Str. 70, D 40549 Düsseldorf |
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Country : |
Germany |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
22.08.2006 |
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Com. Reg. No.: |
HRB 54575 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesaler of iron ores, iron, steel and
iron and steel semi-finished goods |
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No. of Employees : |
876 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 – 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 |
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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
SCHMOLZ+BICKENBACH
Distributions GmbH
Company
Status:
Active
Company address
Eupener Str. 70
D 40549 Düsseldorf
Telephone: 0211/509-0
Telefax:
0211/509-2594
Homepage: www.schmolz-bickenbach.de
E-mail:
duesseldorf@schmolz-bickenbach.com
VAT no
DE250596296
CONCLUSION
Business relations are permissible.
Synthesis
LEGAL FORM Private
limited company
Date of foundation: 2006
Shareholders'
agreement: 09.08.2006
Registered on: 22.08.2006
Commercial Register: Local court 40227 Düsseldorf
under: HRB
54575
Share capital: EUR 20,000,000.00
Shareholder
SCHMOLZ + BICKENBACH GmbH & Co. KG
Eupener Str. 70
D 40549 Düsseldorf
Post Box:
10 46 53, D 40037 Düsseldorf
Legal form: Ltd partnership with priv.
ltd.
company as general partner
Total cap. EUR 14,720,000.00
contribution:
Share: EUR 20,000,000.00
Registered on: 20.11.1922
Reg. data: 40227 Düsseldorf, HRA 1713
Manager
Peter Schubert
Auf dem Wienesfeld 33
D 41065 Mönchengladbach
born: 19.12.1958
Manager:
Heiner Melles
Düsselweg 68
D 40764 Langenfeld
authorized to jointly
represent the company
born: 06.08.1960
Manager:
Bernd Grotenburg
D 40667 Meerbusch
born: 19.08.1964
Profession: Businessman
Proxy
Thomas Jaschinski
Kiefernweg 18a
D 46539 Dinslaken
authorized to jointly represent the
company
born: 14.10.1962
Proxy:
Hans-Georg Schlecht
Rieckestr. 24
D 70190 Stuttgart
authorized to jointly
represent the company
born: 16.10.1966
Proxy:
Frank Bernd Löschmann
D 47051 Duisburg
authorized to jointly
represent the company
born: 01.02.1958
Proxy:
Jürgen Georg Stern
Felicitas-Füss-Str. 7
D 81827 München
authorized to jointly
represent the company
born: 13.07.1964
Proxy:
Bernhard Herbert Depta
D 16761 Hennigsdorf
authorized to jointly
represent the company
born: 17.04.1955
Proxy:
Ivo Gickelhorn
D 40549 Düsseldorf
authorized to jointly
represent the company
born: 26.11.1966
Proxy:
Frank Cornelius Hopp
D 47877 Willich
authorized to jointly
represent the company
born: 05.09.1962
Proxy:
Marc van der Ley
D 40667 Meerbusch
authorized to jointly
represent the company
born: 05.09.1974
Proxy:
Uwe Buschle
D 78594 Gunningen
authorized to jointly
represent the company
born: 21.02.1975
Proxy:
Frank Behnisch
D 90537 Feucht
authorized to jointly
represent the company
born: 13.10.1967
Proxy:
Uwe Bilz
D 09432 Großolbersdorf
authorized to jointly
represent the company
born: 12.06.1959
Proxy:
Anne Eicker
D 40549 Düsseldorf
authorized to jointly
represent the company
born: 19.12.1961
Proxy:
Martin Kasnitz
D 41460 Neuss
authorized to jointly represent
the company
born: 04.02.1968
Further
functions/participations of Peter Schubert (Manager)
Manager:
SCHMOLZ + BICKENBACH
Anarbeitung GmbH
Gottfried-Schenker-Str.
11
D 09244 Lichtenau
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 08.04.2009
Reg. data: 09112 Chemnitz, HRB 24881
Manager:
Schmolz + Bickenbach
Blankstahl GmbH
Eupener Str. 70
D 40549 Düsseldorf
Legal form: Private
limited company
Share capital: EUR 2,000,000.00
Registered
on: 20.01.2004
Reg. data: 40227 Düsseldorf, HRB 49258
Further
functions/participations of Heiner Melles (Manager)
Manager:
Dr. Wilhelm Mertens GmbH
Blankstahl -
Edelstahl -Werkzeugstahl
Birkbuschstr. 52
D 12167 Berlin
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 24.11.1982
Reg. data: 14057 Berlin, HRB 20047 B
Manager:
SCHMOLZ + BICKENBACH
Anarbeitung GmbH
Gottfried-Schenker-Str.
11
D 09244 Lichtenau
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 08.04.2009
Reg. data: 09112 Chemnitz, HRB 24881
Manager:
Schmolz + Bickenbach
Blankstahl GmbH
Eupener Str. 70
D 40549 Düsseldorf
Legal form: Private limited
company
Share capital: EUR 2,000,000.00
Registered
on: 20.01.2004
Reg. data: 40227 Düsseldorf, HRB 49258
RESIGNED ACTING PERSONS AND
SHAREHOLDERS
15.10.2009 - 07.04.2011 Manager
Peter Schwarze
D 40217 Düsseldorf
BUSINESS ACTIVITIES
Main industrial sector
46721
Wholesale of iron ores, iron, steel and iron and steel semi-finished
goods
BRANCHES AND FACTORIES
Branch:
SCHMOLZ+BICKENBACH
Distributions GmbH
Bredowstr. 19
D 22113 Hamburg
TEL.: 040/7560510
FAX.: 040/751725
Branch:
SCHMOLZ+BICKENBACH
Distributions GmbH
Gladbacher Str. 456
D 41460 Neuss
Branch:
SCHMOLZ+BICKENBACH
Distributions GmbH
Otto-Hahn-Str. 10
D 35510 Butzbach
Branch:
SCHMOLZ+BICKENBACH
Distributions GmbH
Schaflandstr. 22
D 70736 Fellbach
TEL.: 0711/5765-0
FAX.: 0711/5765-211
Branch:
SCHMOLZ+BICKENBACH
Distributions GmbH
In Steppach 5
D 78647 Trossingen
TEL.: 07425/6021
Branch:
SCHMOLZ+BICKENBACH Distributions GmbH
Hanauer Str. 56
D 80992 München
Branch:
SCHMOLZ+BICKENBACH
Distributions GmbH
Lübberbrede 4
D 33719 Bielefeld
TEL.: 0521/208830
Branch:
SCHMOLZ+BICKENBACH
Distributions GmbH
Egellsstr. 21
D 13507 Berlin
TEL.: 030/417843
Branch:
SCHMOLZ+BICKENBACH Distributions GmbH
Schweinauer Hauptstr. 38
D 90441 Nürnberg
TEL.: 0911/83305-0
FAX.: 0911/835016
Branch:
SCHMOLZ+BICKENBACH
Distributions GmbH
Gottfried-Schenker-Str.
11
D 09244 Lichtenau
Branch:
SCHMOLZ+BICKENBACH
Distributions GmbH
Hülser Str. 810
D 47803 Krefeld
TEL.: 02151/764-0
FAX.: 02151/764-190
Branch:
SCHMOLZ+BICKENBACH
Distributions GmbH
Otto-Hahn-Str. 18-20
D 82216 Maisach
TEL.: 08141/4045136
PARTICIPATIONS
Shareholder:
Günther + Schramm GmbH
Heidenheimer Str. 65
D 73447 Oberkochen
Post Box:
11 69
Legal form: Private limited company
Company Status: active
Share capital: EUR 5,000,000.00
Share: EUR 5,000,000.00
Reg. data: 23.09.2008
Local court
89073 Ulm
HRB 722668
Shareholder:
Schmolz + Bickenbach
Blankstahl GmbH
Eupener Str. 70
D 40549 Düsseldorf
Legal form: Private
limited company
Company Status: active
Share capital: EUR 2,000,000.00
Share: EUR 2,000,000.00
Reg. data: 20.01.2004
Local court
40227 Düsseldorf
HRB 49258
Shareholder:
SCHMOLZ + BICKENBACH
Anarbeitung GmbH
Gottfried-Schenker-Str.
11
D 09244 Lichtenau
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,564.59
Share: EUR 25,564.59
Reg. data: 08.04.2009
Local court
09112 Chemnitz
HRB 24881
Shareholder:
Dr. Wilhelm Mertens GmbH
Blankstahl -
Edelstahl -Werkzeugstahl
Birkbuschstr. 52
D 12167 Berlin
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,564.59
Share: EUR 25,564.59
Reg. data: 24.11.1982
Local court
14057 Berlin
HRB 20047 B
FINANCIAL INFORMATION
Payment experience: within
agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2011
REAL ESTATE
Type of ownership: Tenant
Address Eupener
Str. 70
D 40549 Düsseldorf
Land register documents were not
available.
BANKERS
Principal bank
COMMERZBANK VORMALS DRESDNER BANK,
DÜSSELDORF
Sort. code: 30080000, BIC: DRESDEFF300
Further bank
COMMERZBANK, BOCHUM
Sort. code: 43040036, BIC: COBADEFF430
FINANCIAL FIGURES
Turnover: 2011 EUR 740,674,431.00
Profit: 2011 EUR -8,936,530.00
Equipment: EUR 6,459,034.00
Ac/ts receivable: EUR 46,548,000.00
Liabilities: EUR 145,178,053.00
Employees:
876
-
thereof permanent staff: 846
-
Trainees: 30
BALANCE SHEETS
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 55.66
Liquidity ratio: 0.40
Return on total capital [%]: -3.60
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 56.84
Liquidity ratio: 0.50
Return on total capital [%]: -7.40
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 64.11
Liquidity ratio: 0.77
Return on total capital [%]: -22.61
Balance sheet ratios 01.01.2008 -
31.12.2008
Equity ratio [%]: 56.82
Liquidity ratio: 0.64
Return on total capital [%]: -7.74
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 265,772,127.10
Fixed assets
EUR 67,561,058.96
Intangible assets
EUR 12,137,708.02
Concessions, licences, rights EUR 256,231.99
Goodwill
EUR 11,820,701.46
Advance payments for intang. assets
EUR 60,774.57
Tangible assets
EUR 37,074,077.69
Land / similar rights
EUR 20,451,284.51
Plant / machinery
EUR 5,326,764.46
Other tangible assets / fixtures and
fittings
EUR 6,459,034.25
Advance
payments made / construction
in progress
EUR 4,836,994.47
Financial assets
EUR 18,349,273.25
Shares in participations /
subsidiaries and the like
EUR 18,297,223.13
Shares in related companies
EUR 18,297,223.13
Other loans
EUR 52,050.12
Current assets
EUR 198,063,735.31
Stocks
EUR 151,208,976.98
Raw materials, consumables and
supplies
EUR 8,389,718.37
Finished goods / work in progress
EUR 142,819,258.61
Accounts receivable
EUR 46,547,999.89
Trade debtors
EUR 11,926,893.51
Amounts due from related companies
EUR 26,001,622.21
Other debtors and assets
EUR 8,619,484.17
Liquid means
EUR 306,758.44
Remaining other assets
EUR 147,332.83
Accruals (assets)
EUR 147,332.83
LIABILITIES EUR 265,772,127.10
Shareholders' equity
EUR 106,756,401.25
Capital
EUR 20,000,000.00
Subscribed capital (share capital)
EUR 20,000,000.00
Reserves
EUR 86,756,401.25
Capital reserves EUR 86,756,401.25
Provisions
EUR 13,837,673.26
Pension provisions and comparable
provisions
EUR 4,665,304.00
Other / unspecified provisions
EUR 9,172,369.26
Liabilities
EUR 145,178,052.59
Other liabilities
EUR 145,178,052.59
Trade creditors (for IAS incl. bills
of exchange)
EUR 36,271,556.97
Liabilities from received advance
payments
EUR 37,657.73
Liabililties due to related companiesEUR 74,470,172.27
Unspecified other liabilities
EUR 34,398,665.62
thereof
liabilities from tax /
financial authorities
EUR 4,859,932.79
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 740,674,430.88
Inventory change + own costs (+/-)
EUR -17,380.50
Inventory change (+/-)
EUR -17,380.50
Other operating income
EUR 9,796,388.70
Cost of materials
EUR 645,646,042.46
Raw materials and supplies, purchased
goods
EUR 642,187,259.25
Purchased services
EUR 3,458,783.21
Gross result (+/-)
EUR 104,807,396.62
Staff expenses
EUR 44,364,610.85
Wages and salaries
EUR 37,467,486.13
Social security contributions and
expenses for pension plans and
benefits
EUR 6,897,124.72
Total depreciation
EUR 6,333,915.90
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 6,333,915.90
Other operating expenses
EUR 56,417,461.11
Operating result from continuing
operations
EUR -2,308,591.24
Result from participating interests
(+/-)
EUR 5,180,019.16
Expenses / income from participations EUR 5,791,291.70
Income from transfer of profits
EUR 5,791,291.70
Expenses for participations
EUR 611,272.54
Expenses for other participations
EUR 611,272.54
Interest result (+/-)
EUR -11,406,597.13
Interest and similar income
EUR 1,078,104.00
thereof from related companies
EUR 824,024.00
Interest and similar expenses
EUR 12,484,701.13
thereof paid to related companies
EUR 12,099,301.62
Financial result (+/-)
EUR -6,226,577.97
Result from ordinary operations (+/-)
EUR -8,535,169.21
Extraordinary expenses
EUR 117,262.00
Extraordinary result (+/-)
EUR -117,262.00
Income from assumption of loss by
parent company
EUR 8,936,529.83
Other taxes / refund of taxes
EUR -284,098.62
Tax
(+/-)
EUR -284,098.62
Annual surplus / annual deficit
EUR 0.00
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS
EUR 250,278,660.65
Fixed assets
EUR 67,539,118.10
Intangible assets
EUR 15,186,572.32
Concessions, licences, rights
EUR 410,695.50
Goodwill EUR 14,775,876.82
Tangible assets
EUR 33,985,431.95
Land / similar rights
EUR 21,186,911.29
Plant / machinery
EUR 5,760,392.37
Other tangible assets / fixtures and
fittings
EUR 7,024,098.99
Advance payments made / construction
in progress
EUR 14,029.30
Financial assets EUR 18,367,113.83
Shares in participations /
subsidiaries and the like
EUR 18,297,223.13
Shares in related companies
EUR 18,297,223.13
Other loans
EUR 69,890.70
Current assets
EUR 182,561,746.26
Stocks
EUR 127,858,272.14
Raw materials, consumables and
supplies
EUR 6,297,653.90
Finished goods / work in progress
EUR 121,560,618.24
Accounts receivable
EUR 54,662,949.86
Trade debtors
EUR 15,309,477.18
Amounts due from related companies
EUR 31,012,698.04
Other debtors and assets
EUR 8,340,774.64
Liquid means
EUR 40,524.26
Remaining other assets
EUR 177,796.29
Accruals (assets)
EUR 177,796.29
LIABILITIES EUR 250,278,660.65
Shareholders' equity
EUR 106,756,401.25
Capital
EUR 20,000,000.00
Subscribed capital (share capital)
EUR 20,000,000.00
Reserves
EUR 86,756,401.25
Capital reserves
EUR 86,756,401.25
Provisions
EUR 14,297,369.21
Pension provisions and comparable
provisions
EUR 4,662,960.00
Other / unspecified provisions
EUR 9,634,409.21
Liabilities
EUR 129,224,890.19
Other liabilities
EUR 129,224,890.19
Trade creditors (for IAS incl. bills
of exchange)
EUR 23,103,688.05
Liabilities from received advance
payments
EUR 84,599.27
Liabililties due to related companiesEUR 72,274,604.75
Unspecified other liabilities
EUR 33,761,998.12
thereof liabilities from tax /
financial authorities
EUR 3,355,913.79
Guarantees and other commitments
EUR 4,925,000.00
Liability from creation of a security
interest for third parties
EUR 4,100,000.00
Other guarantees and other commitmentsEUR 825,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method) according
to Comm.
Code
(HGB)
Sales
EUR 590,945,983.97
Inventory change + own costs (+/-)
EUR -272,741.83
Inventory change (+/-)
EUR -272,741.83
Other operating income
EUR 9,136,042.51
Cost of materials
EUR 513,950,932.58
Raw materials and supplies, purchased
goods
EUR 510,298,529.99
Purchased services
EUR 3,652,402.59
Gross result (+/-)
EUR 85,858,352.07
Staff expenses
EUR 41,206,325.14
Wages and salaries
EUR 34,160,091.39
Social security contributions and
expenses for pension plans and
benefits
EUR 7,046,233.75
Total depreciation
EUR 6,458,546.30
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 6,458,546.30
Other operating expenses
EUR 54,121,311.60
Operating result from continuing
operations
EUR -15,927,830.97
Result from participating interests
(+/-)
EUR 4,748,630.55
Expenses / income from participations EUR 4,962,942.64
Income from transfer of profits
EUR 4,962,942.64
Expenses for participations EUR 214,312.09
Expenses for other participations
EUR 214,312.09
Interest result (+/-)
EUR -5,380,520.39
Interest and similar income
EUR 6,150,635.07
thereof
from related companies EUR 5,943,282.86
Interest and similar expenses
EUR 11,531,155.46
thereof paid to related companies
EUR 11,123,095.78
Financial result (+/-)
EUR -631,889.84
Result from ordinary operations (+/-)
EUR -16,559,720.81
Extraordinary expenses
EUR 219,695.00
Extraordinary result (+/-)
EUR -219,695.00
Income from assumption of loss by
parent company
EUR 16,929,812.04
Income tax / refund of income tax (+/-)EUR 98,315.16
Other taxes / refund of taxes
EUR -248,711.39
Tax
(+/-)
EUR -150,396.23
Annual surplus / annual deficit
EUR 0.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.61 |
|
UK Pound |
1 |
Rs.83.98 |
|
Euro |
1 |
Rs.71.94 |
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.