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Report Date : |
28.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
GOTTLOB STAHL WÄSCHEREIMASCHINENBAU
GMBH |
|
|
|
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Registered Office : |
Ulmenstr. 24 D 71069 Sindelfingen |
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|
Country : |
Germany |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
25.01.2002 |
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Com. Reg. No.: |
HRB 245346 |
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Legal Form : |
Private limited company |
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Line of Business : |
Manufacture of machinery for textile,
apparel and leather production |
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No. of Employees : |
51 |
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 |
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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 – 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 |
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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 6.5% 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 |
GOTTLOB STAHL WÄSCHEREIMASCHINENBAU
GMBH
Company Status: active
Ulmenstr. 24
D 71069 Sindelfingen
Telephone:07031/73840
Telefax:
07031/381844
Homepage:
www.stahl-waeschereimaschinen.de
E-mail:
welcome@stahl-g.com
VAT no.: DE221373879
Business relations are permissible.
LEGAL FORM Private
limited company
Date
of foundation: 25.01.2002
Shareholders'
agreement: 25.01.2002
Registered on: 21.02.2002
Commercial Register: Local court 70190 Stuttgart
under: HRB
245346
Share capital: EUR
120,000.00
Shareholder:
Gottlob Stahl
Ulmenstr. 24
D 71069 Sindelfingen
born: 07.03.1940
Share: EUR 60,000.00
Shareholder:
Thomas Stahl
Landhausstr. 13
D 71120 Grafenau
born: 27.10.1963
Share: EUR 15,000.00
Shareholder:
Uwe Stahl
Hermelinweg 3 d0
D 71063 Sindelfingen
born: 12.08.1965
Share: EUR 15,000.00
Shareholder:
Werner Stahl
Ulmenstr. 24
D 71069 Sindelfingen
born: 13.12.1967
Share: EUR 15,000.00
Shareholder:
Jochen Stahl
Ulmenstr. 24
D 71069 Sindelfingen
born: 24.10.1976
Share: EUR 15,000.00
Manager:
Gottlob Stahl
Ulmenstr. 24
D 71069 Sindelfingen
born: 07.03.1940
Profession: Master motor
mechanic
Marital status: married
Manager:
Thomas Stahl
Landhausstr. 13
D 71120 Grafenau
born: 27.10.1963
Profession: Businessman
Manager:
Uwe Stahl
Hermelinweg 3 d0
D 71063 Sindelfingen
born: 12.08.1965
Manager:
Werner Stahl
Ulmenstr. 24
D 71069 Sindelfingen
born: 13.12.1967
Profession: Businessman
Manager:
Jochen Stahl
Ulmenstr. 24
D 71069 Sindelfingen
born: 24.10.1976
Profession: Businessman
Further
functions/participations of Gottlob Stahl (Manager)
Limited partner:
Stahl Vermögensverwaltung
GmbH & Co. KG
Ulmenstr. 24
D 71069 Sindelfingen
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 100,000.00
contribution:
Share: EUR 50,000.00
Registered
on: 01.07.1981
Reg. data: 70190 Stuttgart, HRA 241686
Shareholder:
Stahl Vermögensverwaltung
Beteiligungs-GmbH
Ulmenstr. 24
D 71069 Sindelfingen
Legal form: Private
limited company
Share capital: EUR 30,000.00
Share: EUR 15,000.00
Registered
on: 24.11.1980
Reg. data: 70190 Stuttgart, HRB 241478
Further
functions/participations of Thomas Stahl (Manager)
Limited
partner:
Stahl Vermögensverwaltung
GmbH & Co. KG
Ulmenstr. 24
D 71069 Sindelfingen
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 100,000.00
contribution:
Share: EUR 12,500.00
Registered
on: 01.07.1981
Reg. data: 70190 Stuttgart, HRA 241686
Shareholder:
Stahl Vermögensverwaltung
Beteiligungs-GmbH
Ulmenstr. 24
D 71069 Sindelfingen
Legal form: Private
limited company
Share capital: EUR 30,000.00
Share: EUR 3,750.00
Registered
on: 24.11.1980
Reg. data: 70190 Stuttgart, HRB 241478
Manager:
Stahl Vermögensverwaltung
Beteiligungs-GmbH
Ulmenstr. 24
D 71069 Sindelfingen
Legal form: Private
limited company
Share capital: EUR 30,000.00
Registered
on: 24.11.1980
Reg. data: 70190 Stuttgart, HRB 241478
Further
functions/participations of Uwe Stahl (Manager)
Limited
partner:
Stahl Vermögensverwaltung
GmbH & Co. KG
Ulmenstr. 24
D 71069
Sindelfingen
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 100,000.00
contribution:
Share: EUR 12,500.00
Registered
on: 01.07.1981
Reg. data: 70190 Stuttgart, HRA 241686
Shareholder:
Stahl Vermögensverwaltung Beteiligungs-GmbH
Ulmenstr. 24
D 71069 Sindelfingen
Legal form: Private
limited company
Share capital: EUR 30,000.00
Share: EUR 3,750.00
Registered
on: 24.11.1980
Reg. data: 70190 Stuttgart, HRB 241478
Manager:
Stahl Vermögensverwaltung
Beteiligungs-GmbH
Ulmenstr. 24
D 71069 Sindelfingen
Legal form: Private
limited company
Share capital: EUR 30,000.00
Registered
on: 24.11.1980
Reg. data: 70190 Stuttgart, HRB 241478
Further
functions/participations of Werner Stahl (Manager)
Limited
partner:
Stahl Vermögensverwaltung
GmbH & Co. KG
Ulmenstr. 24
D 71069 Sindelfingen
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 100,000.00
contribution:
Share: EUR 12,500.00
Registered
on: 01.07.1981
Reg. data: 70190 Stuttgart, HRA 241686
Shareholder:
Stahl Vermögensverwaltung
Beteiligungs-GmbH
Ulmenstr. 24
D 71069 Sindelfingen
Legal form: Private
limited company
Share capital: EUR 30,000.00
Share: EUR 3,750.00
Registered
on: 24.11.1980
Reg. data: 70190 Stuttgart, HRB 241478
Manager:
Stahl Vermögensverwaltung
Beteiligungs-GmbH
Ulmenstr. 24
D 71069 Sindelfingen
Legal form: Private
limited company
Share capital: EUR 30,000.00
Registered
on: 24.11.1980
Reg. data: 70190 Stuttgart, HRB 241478
Further
functions/participations of Jochen Stahl (Manager)
Limited
partner:
Stahl Vermögensverwaltung
GmbH & Co. KG
Ulmenstr. 24
D 71069 Sindelfingen
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 100,000.00
contribution:
Share: EUR 12,500.00
Registered
on: 01.07.1981
Reg. data:
70190 Stuttgart, HRA 241686
Shareholder:
Stahl Vermögensverwaltung
Beteiligungs-GmbH
Ulmenstr. 24
D 71069 Sindelfingen
Legal form: Private
limited company
Share capital: EUR 30,000.00
Share: EUR 3,750.00
Registered
on: 24.11.1980
Reg. data: 70190 Stuttgart, HRB 241478
Manager:
Stahl Vermögensverwaltung
Beteiligungs-GmbH
Ulmenstr. 24
D 71069 Sindelfingen
Legal form: Private
limited company
Share capital: EUR 30,000.00
Registered
on: 24.11.1980
Reg. data: 70190 Stuttgart, HRB 241478
Main
industrial sector
28940 Manufacture
of machinery for textile, apparel and leather production
Payment experience: within agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2011
Type of ownership: Tenant
Address Ulmenstr.
24
D 71069 Sindelfingen
Real Estate of: Gottlob
Stahl
Type of ownership: proprietor
Share: 100.00 %
Address Ulmenstr. 24
D 71069 Sindelfingen
Land register documents were not available.
Principal
bank
KREISSPARKASSE BÖBLINGEN, SINDELFINGEN
Sort. code: 60350130, BIC: BBKRDE6BXXX
Further
banks
COMMERZBANK VORMALS DRESDNER BANK,
SINDELFINGEN
Sort. code: 60380002, BIC: DRESDEFF601
VEREINIGTE VOLKSBANK, SINDELFINGEN
Sort. code: 60390000, BIC: GENODES1BBV
Turnover: 2011 *EUR 5,520,000.00
2012 *EUR 5,865,000.00
further business figures:
Equipment: *EUR 408,000.00
Ac/ts receivable: EUR 1,861,448.00
Liabilities: EUR 1,272,561.00
Employees: 51
-
thereof permanent staff: 16
-
Temporary workers: 3
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 [%]: 58.24
Liquidity ratio: 10.00
Return on total capital [%]: 7.12
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 54.88
Liquidity ratio: 10.00
Return on total capital [%]: 7.30
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 50.55
Liquidity ratio: 10.00
Return on total capital [%]: 8.88
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 46.34
Liquidity ratio: 6.81
Return on total capital [%]: 6.45
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 5,646,232.19
Fixed assets
EUR 1,110,320.00
Intangible assets
EUR 142,913.00
Other / unspecified intangible assetsEUR 142,913.00
Tangible assets
EUR 967,407.00
Other / unspecified tangible assets
EUR 967,407.00
Current assets
EUR 4,528,011.98
Stocks
EUR 922,911.00
Accounts receivable
EUR 1,861,447.94
Other debtors and assets
EUR 1,861,447.94
Liquid means
EUR 1,743,653.04
Remaining other assets EUR 7,900.21
Accruals (assets)
EUR 7,900.21
LIABILITIES EUR 5,646,232.19
Shareholders' equity
EUR 3,318,261.98
Capital EUR 120,000.00
Subscribed capital (share capital)
EUR 120,000.00
Balance sheet profit/loss (+/-)
EUR 3,198,261.98
Balance sheet profit / loss
EUR 3,198,261.98
Provisions EUR 1,055,409.00
Liabilities
EUR 1,272,561.21
Other liabilities
EUR 1,272,561.21
Unspecified other liabilities
EUR 1,272,561.21
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 5,297,901.16
Fixed assets
EUR 932,308.00
Intangible assets EUR 62,662.00
Other / unspecified intangible assetsEUR 62,662.00
Tangible assets
EUR 869,646.00
Other / unspecified tangible assets
EUR 869,646.00
Current assets
EUR 4,349,525.31
Stocks
EUR 488,924.00
Accounts receivable
EUR 2,058,830.77
Other debtors and assets
EUR 2,058,830.77
Liquid means
EUR 1,801,770.54
Remaining other assets
EUR 16,067.85
Accruals (assets)
EUR 16,067.85
LIABILITIES EUR 5,297,901.16
Shareholders' equity
EUR 2,921,795.48
Capital
EUR 120,000.00
Subscribed capital (share capital)
EUR 120,000.00
Balance sheet profit/loss (+/-)
EUR 2,801,795.48
Profit / loss brought forward
EUR 2,417,334.00
Annual surplus / annual deficit
EUR 384,461.48
Provisions
EUR 1,102,807.00
Liabilities
EUR 1,273,298.68
Other liabilities
EUR 1,273,298.68
Unspecified other liabilities
EUR 1,273,298.68
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.36 |
|
|
1 |
Rs.101.11 |
|
Euro |
1 |
Rs.84.67 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.