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Report Date : |
16.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
CARL
SCHMALE GMBH & CO. |
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|
|
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Registered Office : |
Lindhorststr.
12 D 48607 Ochtrup Post Box: 13 41, D 48602 Ochtrup |
|
|
|
|
Country : |
Germany |
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|
|
|
Financials (as on) : |
31.12.2011 |
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|
|
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Date of Incorporation : |
17.12.1969 |
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|
|
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Legal Form : |
Ltd
partnership |
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|
|
|
Line of Business : |
Manufacture
of machinery for textile, apparel and leather Production |
|
|
|
|
No. of Employees : |
26 |
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 |
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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 |
|
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
CARL SCHMALE GMBH & CO.
Company Status: active
Lindhorststr. 12
D 48607 Ochtrup
Post Box:
13 41, D 48602 Ochtrup
Telephone:02553/7401
Telefax: 02553/7439
Homepage: www.schmale.com
E-mail: info@schmale.com
VAT no.: DE124380895
Business relations are permissible.
LEGAL FORM Ltd
partnership with priv. ltd. company as general partner
Date of foundation: 01.01.1962
Registered on: 17.12.1969
Register of
companies: Local court 48565 Steinfurt
under: HRA
1379
Total cap. contribution: EUR 173,839.24
Limited partner:
Carl Schmale
Canisiusstr. 3
D 48607 Ochtrup
born: 02.07.1952 in
Ochtrup
Share: EUR 173,839.24
General
partner:
Verwaltungsgesellschaft
Schmale,
Gesellschaft mit
beschränkter Haftung
Lindhorststr. 12
D 48607 Ochtrup
Legal form: Private limited company
Share capital: EUR 25,564.59
Registered on: 21.12.1973
Reg. data: 48565
Steinfurt, HRB 1172
Shareholder:
Carl Schmale
Canisiusstr. 3
D 48607 Ochtrup
born: 02.07.1952 in
Ochtrup
Share: EUR 25,564.59
Manager:
Carl Schmale
Canisiusstr. 3
D 48607 Ochtrup
born: 02.07.1952 in
Ochtrup
Profession: graduate
engineer
Marital status: married
Main industrial sector
2894
Manufacture of machinery for textile, apparel and leather
Production
4664 Wholesale of machinery for the textile
industry and of
sewing and knitting machines
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
BALANCE SHEET YEAR: 2011
Type of ownership: Tenant
Address Lindhorststr. 12
D 48607 Ochtrup
Real Estate of: Verwaltungsgesellschaft
Schmale,
Gesellschaft
mit beschränkter Haftung
Type of ownership: Tenant
Address Lindhorststr.
12
D 48607 Ochtrup
Land register documents were not available.
VERBUNDSPARKASSE EMSDETTEN OCHTRUP, OCHTRUP
Sort. code: 40153768, BIC: WELADED1EMS
DEUTSCHE BANK, RHEINE
Sort. code: 40370079, BIC: DEUTDE3B403
VOLKSBANK, OCHTRUP
Sort. code: 40164618, BIC: GENODEM1OTR
Turnover: 2011 EUR 7,700,000.00
2012
EUR 7,800,000.00
further business figures:
Equipment: *EUR 182,000.00
Ac/ts receivable: EUR
2,362,333.00
Liabilities: EUR
1,758,972.00
Employees: 26
The business figures marked with an asterisk
are estimates based
on average values in the line of business.
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 5.58
Liquidity ratio: 1.76
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 6.63
Liquidity ratio: 2.31
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 5.32
Liquidity ratio: 1.18
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 45.35
Liquidity ratio: 10.00
Balance sheet grade: 2.1
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.
Type of balance sheet: Company
balance sheet
Financial year: 01.01.2011
- 31.12.2011
ASSETS EUR 3,130,144.36
Fixed assets EUR 21,413.00
Tangible assets EUR
21,253.00
Other / unspecified tangible assets EUR 21,253.00
Financial assets EUR
160.00
Other / unspecified financial assets EUR 160.00
Current assets EUR 3,080,948.33
Stocks EUR 299,773.63
Accounts receivable EUR
2,362,332.98
Other debtors and assets EUR 2,362,332.98
Liquid means EUR 418,841.72
Remaining other assets EUR
27,783.03
Accruals (assets) EUR
10,603.03
Deferred taxes (assets) EUR 17,180.00
LIABILITIES EUR 3,130,144.36
Shareholders' equity EUR 173,839.23
Capital EUR 173,839.23
Provisions
EUR
1,197,333.00
Liabilities EUR 1,758,972.13
Other liabilities EUR
1,758,972.13
Unspecified other liabilities EUR 1,758,972.13
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2010
- 31.12.2010
ASSETS EUR 2,641,441.34
Fixed assets EUR 27,201.00
Tangible assets
EUR
27,041.00
Other / unspecified tangible assets EUR 27,041.00
Financial assets EUR
160.00
Other / unspecified financial assets EUR
160.00
Current assets
EUR
2,570,558.76
Stocks EUR 295,015.78
Accounts receivable EUR
1,655,354.21
Other debtors and assets
EUR
1,655,354.21
Liquid means EUR 620,188.77
Remaining other assets EUR
43,681.58
Accruals (assets) EUR
25,851.58
Deferred taxes (assets) EUR 17,830.00
LIABILITIES EUR
2,641,441.34
Shareholders' equity EUR
173,839.23
Provisions EUR 1,129,590.00
Liabilities EUR 1,338,012.11
Other liabilities EUR
1,338,012.11
Unspecified other liabilities EUR 1,338,012.11
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.06 |
|
|
1 |
Rs.101.15 |
|
Euro |
1 |
Rs.84.95 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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.