MIRA INFORM REPORT

 

 

Report Date :

12.11.2013

 

IDENTIFICATION DETAILS

 

Name :

Schaefer + 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 :

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 & address

 

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

 

 

 CONCLUSION

 

 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

 

Proxy                           :   Reinhold Eugen Wirth

                                         D 74613 Öhringen

                                        authorized to jointly represent the company

                                       born               : 12.04.1964

                                       Marital status : unknown

 

 Further functions/participations of Gerhard Schäfer (Manager)

 Limited partner           : Energiepark Neuhardenberg GmbH & Co. KG

              Zeilbaumweg 32

                                       D 74613 Öhringen

                                      Legal form       : Ltd partnership with priv. ltd.

                                              company as general partner

                                      Total cap.         EUR          2,000,000.00

                                      Contribution     :

                                      Share              : EUR          1,000,000.00

                                      Registered on  : 19.03.2013

                                      Reg. data        : 70190 Stuttgart, HRA 728475

 

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

 

 

COMPANY HISTORY

 

 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

 

 

 BUSINESS ACTIVITIES

 

 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.

 

 

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         :  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.

 

 

BANKERS

 

 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

FINANCIAL FIGURES

 

 Turnover                       :            2011               EUR        139,210,686.00

 Profit                            :            2011                EUR         13,997,506.00

 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 SHEETS

 

 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.63.30

UK Pound

1

Rs.101.36

Euro

1

Rs.84.60

 

 

INFORMATION DETAILS

 

Report Prepared by :

NNA

 

 

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

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NB

New Business

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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.