|
Report Date : |
04.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
SCHILL + SEILACHER GMBH |
|
|
|
|
Registered Office : |
Schönaicher Str. 205, D 71032 Böblingen |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Year of Establishments: |
1877 |
|
|
|
|
Com. Reg. No.: |
HRB 732272 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Manufacturer of other chemical
products |
|
|
|
|
No. of Employees : |
284 |
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 : |
Good |
|
Payment Behaviour : |
Regular |
|
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 |
Schill + Seilacher GmbH
Schönaicher Str. 205
D 71032 Böblingen
Telephone: 07031/2820
Telefax: 07031/282160
Homepage: www.schillseilacher.de
E-mail: mail@schillseilacher.de
DE813087269
active
Business
relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 1877
Shareholders'
agreement: 27.10.2009
Registered on: 29.12.2009
Commercial Register: Local
court 70190 Stuttgart
under: HRB 732272
Share capital:
EUR 1,009,290.00
Ingeborg Groß
Moorfleeter Str. 28
D 22113 Hamburg
born: 12.12.1931
née: Leins
Share: EUR 1,009,290.00
Dr. Ulrich Stärk
D 19395 Plau
having sole power of representation
born: 27.04.1945
Marital status: unknown
Uwe Wunderlich
Tetschener Str. 13
D 01277 Dresden
authorized to jointly represent the company
born: 22.04.1954
Profession: Solicitor
Marital status: married
Proxy:
Jürgen
Weiße
Spandauer Str. 7
D
32257 Bünde
authorized to jointly represent the company
born:
05.05.1951
Profession: graduate engineer
Proxy:
Hubert
Wenkemann
Bleiche 65
D 74343 Sachsenheim
authorized to jointly represent the company
born:
27.11.1943
Proxy:
Siegfried Röh
Pinneberger Str. 95b
D
22880 Wedel
authorized to jointly
represent the company
born:
08.11.1947
24.02.1882 -
11.12.2000 Schill & Seilacher GmbH
& Co.
Schönaicher Str. 205
D 71032
Böblingen
Ltd partnership with priv. ltd. company
as
general partner
11.12.2000 -
29.12.2009 Schill & Seilacher
Aktiengesellschaft
Schönaicher Str. 205
D 71032 Böblingen
Public limited company
08.01.2010 -
24.04.2013 Manager
Dr. Horst Hans Rieckert
D
71032 Böblingen
Sectors
·
2059 Manufacture of other chemical products
n.e.c.
4675
Wholesale of chemical products
Payment experience: cash
discount/within agreed terms
Negative information: We
have no negative information at hand.
Balance sheet year: 2011
Type of ownership: Tenant
Address Schönaicher Str. 205
D 71032 Böblingen
Land register documents were not available.
KREISSPARKASSE BÖBLINGEN, BÖBLINGEN
Sort. code: 60350130, BIC: BBKRDE6BXXX
COMMERZBANK, STUTTGART
Sort. code: 60040071, BIC: COBADEFF600
DEUTSCHE BANK, STUTTGART
Sort. code: 60070070, BIC: DEUTDESSXXX
COMMERZBANK VORMALS DRESDNER BANK, BÖBLINGEN
Sort. code: 60380002, BIC: DRESDEFF601
Turnover: 2011 EUR 156,230,339.00
Profit: 2011 EUR 2,530,516.00
Equipment: EUR 2,607,884.00
Ac/ts
receivable:
EUR 37,983,558.00
Liabilities: EUR 22,138,478.00
Employees:
284
-
thereof permanent staff: 284
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 29.21
Liquidity ratio: 0.97
Return on total capital [%]: 6.02
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 47.63
Liquidity ratio: 1.79
Return on total capital [%]: 11.42
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 41.35
Liquidity ratio: 1.74
Return on total capital [%]: 8.88
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 38.97
Liquidity ratio: 1.56
Return on total capital [%]: -4.62
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 60,033,905.22
Fixed assets
EUR 4,588,441.26
Intangible assets
EUR 26,676.87
Concessions, licences, rights
EUR 26,676.87
Tangible assets
EUR 4,513,530.15
Land / similar rights
EUR 40,367.00
Plant / machinery
EUR 1,315,558.67
Other tangible assets / fixtures and
fittings EUR 2,607,884.27
Advance payments made / construction
in progress
EUR 549,720.21
Financial assets
EUR 48,234.24
Shares in participations /
subsidiaries and the like
EUR 48,234.24
Shares in investee companies
EUR 48,234.24
Current assets
EUR 55,441,777.84
Stocks
EUR 15,842,458.00
Raw materials, consumables and
supplies
EUR 6,964,946.56
Finished goods / work in progress
EUR 8,877,511.44
Accounts receivable
EUR 37,983,558.48
Trade
debtors EUR 19,512,041.07
Other debtors and assets
EUR 18,471,517.41
Liquid means
EUR 1,615,761.36
Remaining other assets
EUR 3,686.12
Accruals (assets)
EUR 3,686.12
LIABILITIES EUR 60,033,905.22
Shareholders' equity
EUR 30,270,306.65
Capital
EUR 1,009,290.00
Subscribed capital (share capital)
EUR 1,009,290.00
Reserves
EUR 469,102.00
Retained earnings / revenue reserves EUR 100,929.00
Other / unspecified reserves EUR 368,173.00
Balance sheet profit/loss (+/-)
EUR 28,791,914.65
Profit / loss brought forward
EUR 26,261,398.17
Annual surplus / annual deficit
EUR 2,530,516.48
Provisions EUR 7,625,120.57
Pension provisions and comparable
provisions
EUR 3,935,432.00
Provisions for taxes
EUR 979,345.53
Other / unspecified provisions
EUR 2,710,343.04
Liabilities
EUR 22,138,478.00
Financial debts
EUR 15,169,346.47
Liabilities due to banks
EUR 15,169,346.47
Other liabilities EUR 6,969,131.53
Trade creditors (for IAS incl. bills
of exchange)
EUR 6,405,143.71
Liabilities from received advance
payments
EUR 450,365.50
Unspecified
other liabilities EUR 113,622.32
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 156,230,338.72
Inventory change + own costs (+/-)
EUR -478,015.60
Inventory change (+/-)
EUR -478,015.60
Other operating income
EUR 1,145,574.59
Cost of materials
EUR 103,420,880.42
Raw materials and supplies, purchased
goods
EUR 97,146,914.80
Purchased services
EUR 6,273,965.62
Gross result (+/-)
EUR 53,477,017.29
Staff expenses
EUR 18,373,000.94
Wages and salaries
EUR 15,650,795.24
Social security contributions and
expenses for pension plans and
benefits
EUR 2,722,205.70
Total depreciation EUR 1,089,761.92
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,089,761.92
Other operating expenses
EUR 30,077,576.65
Operating result from continuing
operations
EUR 3,936,677.78
Interest result (+/-)
EUR -481,807.08
Interest and similar income
EUR 408,460.58
Interest and similar expenses
EUR 890,267.66
Financial result (+/-)
EUR -481,807.08
Result from ordinary operations (+/-)
EUR 3,454,870.70
Income tax / refund of income tax (+/-)EUR -914,364.72
Other taxes / refund of taxes
EUR -9,989.50
Tax
(+/-)
EUR -924,354.22
Annual surplus / annual deficit
EUR 2,530,516.48
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 58,226,318.46
Fixed assets
EUR 3,984,929.45
Intangible assets
EUR 22,837.87
Tangible
assets EUR 3,913,857.34
Land / similar rights
EUR 51,324.00
Plant / machinery
EUR 1,457,683.16
Other tangible assets / fixtures and
fittings EUR 2,326,948.15
Advance payments made / construction
in progress
EUR 77,902.03
Financial assets
EUR 48,234.24
Shares in participations /
subsidiaries and the like
EUR 48,234.24
Shares in investee companies
EUR 48,234.24
Current assets
EUR 54,236,528.36
Stocks
EUR 16,108,075.74
Raw materials, consumables and
supplies
EUR 6,456,894.05
Finished goods / work in progress
EUR 9,651,181.69
Accounts receivable
EUR 36,481,082.46
Trade debtors
EUR 18,227,258.77
Other debtors and assets
EUR 18,253,823.69
Liquid means
EUR 1,647,370.16
Remaining other assets
EUR 4,860.65
Accruals (assets)
EUR 4,860.65
LIABILITIES EUR 58,226,318.46
Shareholders' equity
EUR 27,739,790.17
Capital
EUR 1,009,290.00
Subscribed capital (share capital)
EUR 1,009,290.00
Reserves
EUR 469,102.00
Retained earnings / revenue reserves EUR 469,102.00
Balance sheet profit/loss (+/-)
EUR 26,261,398.17
Balance sheet profit / loss
EUR 26,261,398.17
Provisions
EUR 8,454,357.44
Pension provisions and comparable
provisions
EUR 4,003,200.00
Provisions for taxes
EUR 1,461,874.00
Other / unspecified provisions
EUR 2,989,283.44
Liabilities
EUR 22,032,170.85
Financial debts
EUR 11,896,714.70
Liabilities due to banks
EUR 11,896,714.70
Other liabilities
EUR 10,135,456.15
Trade creditors (for IAS incl. bills
of exchange)
EUR 7,155,490.28
Liabilities from received advance
payments
EUR 390,983.40
Unspecified other liabilities
EUR 2,588,982.47
thereof liabilities from tax /
financial authorities EUR
1,939,808.44
thereof liabilities from social
security
EUR 18,257.13
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 143,626,079.62
Inventory change + own costs (+/-)
EUR 3,504,335.77
Inventory change (+/-)
EUR 3,504,335.77
Other operating income
EUR 767,352.32
Cost of materials EUR 89,308,034.75
Raw materials and supplies, purchased
goods
EUR 84,125,349.99
Purchased services
EUR 5,182,684.76
Gross result (+/-)
EUR 58,589,732.96
Staff expenses
EUR 18,377,562.92
Wages and salaries
EUR 15,774,562.11
Social security contributions and
expenses for pension plans and
benefits EUR 2,603,000.81
Total depreciation
EUR 1,311,611.25
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,311,611.25
Other operating expenses
EUR 29,325,463.66
Operating result from continuing
operations
EUR 9,575,095.13
Interest result (+/-)
EUR -508,407.25
Interest and similar income
EUR 351,760.51
Interest and similar expenses
EUR 860,167.76
Financial result (+/-)
EUR -508,407.25
Result from ordinary operations (+/-)
EUR 9,066,687.88
Extraordinary expenses
EUR 84,142.00
Extraordinary result (+/-)
EUR -84,142.00
Income tax / refund of income tax (+/-)EUR -2,402,589.74
Other taxes / refund of taxes
EUR -16,134.63
Tax
(+/-)
EUR -2,418,724.37
Annual surplus / annual deficit
EUR 6,563,821.51
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.93 |
|
UK Pound |
1 |
Rs.100.44 |
|
Euro |
1 |
Rs.84.24 |
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.