|
Report Date : |
15.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
STRICKER GMBH & CO. KG |
|
|
|
|
Registered Office : |
An der Kleimannbrücke 4, D 48157 Münster |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
01.11.1932 |
|
|
|
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Com. Reg. No.: |
HRA 524 |
|
|
|
|
Legal Form : |
Ltd partnership with priv. ltd. company as general partner |
|
|
|
|
Line of Business : |
Manufacture of other fabricated metal products n.e.c. |
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|
|
|
No. of Employees : |
133 permanent staff
105 Part-time employees 10 Trainees
10 Temporary workers 2 |
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 : |
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 |
STRICKER GMBH & CO. KG
Company Status: active
An der Kleimannbrücke 4
D 48157 Münster
Telephone:0251/32880
Telefax: 0251/3288129
Homepage: www.stricker.ms
E-mail: w.stricker@stricker.ms
DE126050968
LEGAL FORM Ltd
partnership with priv. ltd. company as general partner
Date of foundation: 01.11.1932
Begin of business
activities: 01.11.1932
Registered on: 02.01.1948
Register of
companies: Local
court 48149 Münster
under: HRA
524
Total cap.
contribution: EUR 600,000.00
Limited
partner
Joachim Stricker
Dachsleite 57
D
48157 Münster
born:
18.07.1946
Share: EUR 450,000.00
Limited partner:
Wolfgang Stricker
Reinerskamp 47
D
48157 Münster
born:
08.08.1974
Share: EUR 150,000.00
General partner:
Stricker Beteiligungs- und
Verwaltungsgesellschaft mit beschränkter
Haftung
An der
Kleimannbrücke 4
D 48157 Münster
Legal
form: Private limited company
Share
capital: EUR 26,000.00
Registered on: 02.10.1978
Reg.
data: 48149 Münster, HRB 1291
Shareholder:
Stricker GmbH & Co. KG
An der
Kleimannbrücke 4
D
48157 Münster
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 600,000.00
contribution:
Share: EUR 26,000.00
Registered on: 02.01.1948
Reg.
data: 48149 Münster, HRA 524
Manager:
Wolfgang Stricker
Reinerskamp 47
D
48157 Münster
having
sole power of representation
born:
08.08.1974
Marital status: married
Main industrial sector
24450 Other non-ferrous metal production
2599 Manufacture of other fabricated metal
products n.e.c.
33120 Repair of machinery
46743 Wholes of metal and plastic goods for
construction
purposes
Branch:
Stricker GmbH & Co. KG
Ammerländer Heerstr. 246
D
26129 Oldenburg
TEL.:
0441/75088
FAX.: 0441/72426
Shareholder:
Stricker Beteiligungs- und
Verwaltungsgesellschaft mit beschränkter
Haftung
An der
Kleimannbrücke 4
D 48157 Münster
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 26,000.00
Share: EUR 26,000.00
Reg.
data: 02.10.1978
Local court 48149 Münster
HRB 1291
Shareholder:
BMMS-Gruppe GmbH
An der
Kleimannbrücke 4
D
48157 Münster
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 30,000.00
Share: EUR 10,000.00
Reg.
data: 18.01.2012
Local court 48149 Münster
HRB 13619
Shareholder:
Heiko
Pfaff GmbH
Heinrich-von-Kleist-Str.
40
D
48161 Münster
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 25,000.00
Share: EUR 2,500.00
Reg.
data: 15.03.2012
Local court 48149 Münster
HRB 13725
Payment experience: cash discount/within agreed terms
Negative information:We
have no negative information at hand.
Balance sheet year: 2012
Type of ownership: Tenant
Address Ammerländer
Heerstr. 246
D 26129 Oldenburg
Type of ownership: proprietor
Share: 100.00 %
Address An
der Kleimannbrücke 4
D 48157 Münster
Type of real estate: office
building
Type of ownership: proprietor
Share: 100.00 %
Address Rudolf-Diesel-Str.
12
D 48157 Münster
Type of real estate: works
Size: 5,000.00 sq.m
Residential floor 3,200.00
sq.m
space/ Usable floor
space:
Real Estate of: Stricker
Beteiligungs- und
Verwaltungsgesellschaft mit
beschränkter
Haftung
Type of ownership: Tenant
Address An der Kleimannbrücke 4
D 48157 Münster
Land register documents
were not available.
Principal bank
SPARKASSE MÜNSTERLAND OST,
MÜNSTER, WESTF
Sort. code: 40050150, BIC:
WELADED1MST
Further banks
COMMERZBANK, MÜNSTER, WESTF
Sort. code: 40040028, BIC:
COBADEFF400
VOLKSBANK MÜNSTER, MÜNSTER,
WESTF
Sort. code: 40160050, BIC:
GENODEM1MSC
MÜNSTERLÄNDISCHE BANK THIE
& CO, MÜNSTER, WESTF
Sort. code: 40030000, BIC:
MLBKDEH1MUE
POSTBANK, DORTMUND
Sort. code: 44010046, BIC:
PBNKDEFF440
Gross profit or loss:2011 EUR
8,308,297.00
2012 EUR 9,084,537.00
Profit: 2011 EUR -127,425.00
2012 EUR 125,215.00
further business figures:
Equipment: EUR 477,468.00
Ac/ts receivable: EUR 2,112,102.00
Liabilities: EUR 7,491,413.00
Total numbers of vehicles: 23
- Lorries:
6
- Passenger cars:
17
Employees:
133
- thereof permanent staff: 105
- Part-time employees: 10
- Trainees:
10
- Temporary workers: 2
Balance sheet ratios
01.01.2012 - 31.12.2012
Equity ratio [%]: 10.76
Liquidity ratio: 0.26
Return on total capital
[%]: 1.39
Balance sheet ratios
01.01.2011 - 31.12.2011
Equity ratio [%]: 5.76
Liquidity ratio: 0.22
Return on total capital
[%]: -1.44
Balance sheet ratios
01.01.2010 - 31.12.2010
Equity ratio [%]: 8.49
Liquidity ratio: 0.24
Return on total capital
[%]: 0.21
Balance sheet ratios
01.01.2009 - 31.12.2009
Equity ratio [%]: 10.43
Liquidity ratio: 0.21
Return on total capital
[%]: -3.02
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: 01.01.2012 - 31.12.2012
ASSETS EUR 9,158,577.35
Fixed assets EUR 3,755,171.97
Intangible assets EUR 465,345.67
Concessions, licences, rights EUR 29,663.00
Advance payments for intang. assets EUR
435,682.67
Tangible assets EUR 3,257,512.38
Land / similar rights EUR 2,719,838.00
Plant / machinery EUR 60,206.00
Other tangible assets / fixtures and
fittings EUR 477,468.38
Financial assets EUR 32,313.92
Shares in participations /
subsidiaries and the like EUR 32,313.92
Shares in related companies EUR 26,063.92
Shares in investee companies EUR 6,250.00
Current assets EUR 5,366,644.47
Stocks EUR 3,245,705.44
Accounts receivable EUR 2,112,101.50
thereof total due from shareholders EUR
174,014.36
Other debtors and assets EUR 2,112,101.50
Liquid means EUR 8,837.53
Remaining other assets EUR 36,760.91
Accruals (assets) EUR 36,760.91
LIABILITIES EUR 9,158,577.35
Shareholders' equity EUR 1,000,000.00
Capital EUR 1,000,000.00
Limited partner's capital / capital
of partially liable partner (LP) EUR 1,000,000.00
Items between shareholders' equity and
debt capital EUR 26,063.92
Balancing items for capitalised own
shares in cos. acting as general
partners EUR 26,063.92
Provisions EUR 641,100.00
Liabilities EUR 7,491,413.43
thereof total due to shareholders EUR 141,018.50
Other liabilities EUR 7,491,413.43
Unspecified other liabilities EUR 7,491,413.43
thereof liabilities from tax /
financial authorities EUR 197,188.52
thereof liabilities from social
security EUR 72,602.87
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Gross result (+/-) EUR 9,084,536.58
Staff expenses EUR 5,395,254.51
Wages and salaries EUR 4,438,773.24
Social security contributions and
expenses for pension plans and
benefits EUR 956,481.27
Total depreciation EUR 290,356.19
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 290,356.19
Other operating expenses EUR 2,783,570.43
Operating result from continuing
operations EUR 615,355.45
Interest result (+/-) EUR -367,854.40
Interest and similar expenses EUR 367,854.40
thereof paid to related companies EUR 2,158.55
Financial result (+/-) EUR -367,854.40
Result from ordinary operations (+/-) EUR
247,501.05
Income tax / refund of income tax
(+/-)EUR -84,451.05
Other taxes / refund of taxes EUR -37,835.43
Tax (+/-) EUR -122,286.48
Annual surplus / annual deficit EUR 125,214.57
Type of
balance
sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 9,047,843.89
Fixed assets EUR 3,696,848.30
Intangible assets EUR 243,697.00
Concessions, licences, rights EUR 30,697.00
Advance payments for intang. assets EUR
213,000.00
Tangible assets EUR 3,427,087.38
Land / similar rights EUR 2,834,819.00
Plant / machinery EUR 63,725.00
Other tangible assets / fixtures and
fittings EUR 528,543.38
Financial assets EUR 26,063.92
Shares in participations /
subsidiaries and the like EUR 26,063.92
Shares in related companies EUR 26,063.92
Current assets EUR 5,285,965.70
Stocks EUR 3,428,679.22
Accounts receivable EUR 1,822,795.60
Amounts due from shareholders EUR 171,173.27
Other debtors and assets EUR 1,651,622.33
Liquid means EUR 34,490.88
Remaining other assets EUR 65,029.89
Accruals (assets) EUR 65,029.89
thereof disagio EUR 25,000.00
LIABILITIES EUR 9,047,843.89
Shareholders' equity EUR 645,725.01
Capital EUR 700,000.00
Limited partner's capital / capital
of partially liable partner (LP) EUR 700,000.00
Limited partner's capital, fixed
capital, capital account I EUR 700,000.00
Balance sheet profit/loss (+/-) EUR -54,274.99
Annual surplus / annual deficit EUR -127,425.21
Transfer to reserve EUR 73,150.22
Items between shareholders' equity and
debt capital EUR 26,063.92
Balancing items for capitalised own
shares in cos. acting as general
partners EUR 26,063.92
Provisions EUR 628,838.00
Other / unspecified provisions EUR 628,838.00
Liabilities EUR 7,747,216.96
Financial debts EUR 6,028,431.86
Liabilities due to banks EUR 6,028,431.86
Other liabilities EUR 1,718,785.10
Liabilities due to shareholders EUR 36,903.49
Unspecified other liabilities EUR 1,681,881.61
thereof liabilities from tax /
financial authorities EUR 112,912.27
thereof liabilities from social
security EUR 79,382.94
PROFIT AND
LOSS ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Gross result (+/-) EUR 8,308,297.31
Staff expenses EUR 5,064,334.96
Wages and salaries EUR 4,152,909.23
Social security contributions and
expenses for pension plans and
benefits EUR 911,425.73
Total depreciation EUR 262,710.93
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 262,710.93
Other operating expenses EUR 2,679,145.30
Operating result from continuing
operations EUR 302,106.12
Interest result (+/-) EUR -343,482.48
Interest and similar income EUR 14.33
Interest and similar expenses EUR 343,496.81
thereof paid to related companies EUR 2,012.41
Financial result (+/-) EUR -343,482.48
Result from ordinary operations (+/-) EUR
-41,376.36
Income tax / refund of income tax
(+/-)EUR -36,611.00
Other taxes / refund of taxes EUR -49,437.85
Tax (+/-) EUR -86,048.85
Annual surplus / annual deficit
EUR -127,425.21
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.61.30 |
|
UK Pound |
1 |
Rs.97.98 |
|
Euro |
1 |
Rs.83.14 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
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.