|
Report Date : |
18.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
SCHILL +
SEILACHER GMBH |
|
|
|
|
Registered Office : |
Schönaicher
Str. 205 D 71032 Böblingen |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
29.12.2009 |
|
|
|
|
Legal Form : |
Private
Limited Company |
|
|
|
|
Line of Business : |
Wholesale
of chemical products |
|
|
|
|
No. of Employees |
308 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (With Financial) |
|
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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, has contributed to strong growth 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 5.3% in 2013. The new German government introduced a minimum wage of $11 per hour to take effect in 2015. 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 and 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. 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
Company Status: active
Schönaicher Str. 205
D 71032 Böblingen
Telephone:07031/2820
Telefax: 07031/282160
Homepage: www.schillseilacher.de
E-mail: mail@schillseilacher.de
VAT no.: DE813087269
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
Shareholder:
Ingeborg Groß
Moorfleeter Str. 28
D 22113 Hamburg
born: 12.12.1931
née: Leins
Share: EUR 1,009,290.00
Manager:
Dr. Ulrich Stärk
D 19395 Plau
having sole power of
representation
born: 27.04.1945
Marital status: unknown
Proxy:
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
Further functions/participations of Dr. Ulrich
Stärk (Manager)
Manager:
Schill + Seilacher
"Struktol" GmbH
Moorfleeter Str. 28
D 22113 Hamburg
Legal form: Private
limited company
Share capital: EUR 2,118,090.00
Registered
on: 04.01.2010
Reg. data: 20355 Hamburg, HRB 112163
Manager:
Schill & Seilacher
Chemie GmbH
Alt-Neundorf 13
D 01796 Pirna
Legal form: Private
limited company
Share capital: EUR 100,000.00
Registered
on: 22.10.2003
Reg. data: 01069 Dresden, HRB 22122
Manager:
Saxol
Grundstücksgesellschaft mbH
Alt-Neundorf 13
D 01796 Pirna
Legal form: Private
limited company
Share capital: EUR 100,000.00
Registered
on: 06.12.2011
Reg. data: 01069 Dresden, HRB 30655
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
Main industrial sector
2059
Manufacture of other chemical products n.e.c.
Secondary industrial sector
4675
Wholesale of chemical products
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 Schönaicher
Str. 205
D 71032 Böblingen
Land register documents were not available.
KREISSPARKASSE BÖBLINGEN, 71005 BÖBLINGEN
Sort. code: 60350130
BIC: BBKRDE6BXXX
COMMERZBANK, 70049 STUTTGART
Sort. code: 60040071
BIC: COBADEFF600
DEUTSCHE BANK, 70049 STUTTGART
Sort. code: 60070070
BIC: DEUTDESSXXX
COMMERZBANK VORMALS DRESDNER BANK, 71002
BÖBLINGEN
Sort. code: 60380002
BIC: DRESDEFF601
Turnover: 2012 EUR 173,023,372.00
Profit: 2012 EUR 6,179,050.00
Equipment: EUR 2,474,429.00
Ac/ts receivable: EUR 45,718,687.00
Liabilities: EUR
23,488,694.00
Employees: 308
- Trainees:
6
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 47.86
Liquidity ratio: 2.06
Return on total capital [%]: 9.37
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 grade: 2.0
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 70,820,114.82
Fixed assets EUR 5,420,672.95
Intangible assets EUR 62,459.38
Tangible assets EUR 5,309,979.33
Land / similar
rights EUR 46,722.00
Plant / machinery EUR 1,198,251.69
Other tangible assets /
fixtures and
fittings EUR 2,474,429.07
Advance payments made /
construction
in progress EUR 1,590,576.57
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 65,375,656.09
Stocks EUR 15,999,523.75
Raw materials,
consumables and
supplies EUR 6,704,372.34
Finished goods / work in
progress EUR 9,295,151.41
Accounts receivable EUR 45,718,687.02
Trade debtors EUR 24,628,269.27
Other debtors and
assets EUR 21,090,417.75
Liquid means EUR 3,657,445.32
Remaining other
assets EUR 23,785.78
Accruals (assets) EUR 23,785.78
LIABILITIES EUR 70,820,114.82
Shareholders' equity EUR
36,449,356.80
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 34,970,964.80
Balance sheet profit /
loss EUR 34,970,964.80
Provisions EUR 10,882,064.34
Pension provisions and
comparable
provisions EUR 4,116,496.00
Provisions for taxes EUR 2,988,835.25
Other / unspecified
provisions EUR 3,776,733.09
Liabilities EUR 23,488,693.68
Financial debts EUR 12,916,171.40
Liabilities due to
banks EUR 12,916,171.40
Other liabilities EUR 10,572,522.28
Trade creditors (for IAS
incl. bills
of exchange) EUR 7,498,259.81
Liabilities from
received advance
payments EUR 242,895.61
Unspecified other
liabilities EUR 2,831,366.86
thereof liabilities
from tax /
financial
authorities EUR 688,263.07
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 173,023,371.59
Inventory change + own
costs (+/-) EUR 287,439.20
Inventory change
(+/-) EUR 287,439.20
Other operating
income EUR 894,100.83
Cost of materials EUR 111,149,103.77
Raw materials and
supplies, purchased
goods EUR 105,197,551.55
Purchased services EUR 5,951,552.22
Gross result (+/-) EUR 63,055,807.85
Staff expenses EUR 20,718,013.88
Wages and salaries EUR 17,517,810.89
Social security
contributions and
expenses for pension
plans and
benefits EUR 3,200,202.99
Total depreciation EUR 1,054,688.93
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 1,054,688.93
Other operating expenses EUR 31,787,797.66
Operating result from
continuing
operations EUR 9,495,307.38
Interest result (+/-) EUR -347,934.53
Interest and similar
income EUR
408,703.80
Interest and similar
expenses EUR 756,638.33
Financial result
(+/-) EUR -347,934.53
Result from ordinary
operations (+/-) EUR 9,147,372.85
Income tax / refund of income
tax (+/-)EUR -2,956,204.38
Other taxes / refund of
taxes EUR -12,118.32
Tax (+/-) EUR -2,968,322.70
Annual surplus / annual
deficit EUR 6,179,050.15
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
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.38 |
|
|
1 |
Rs.101.63 |
|
Euro |
1 |
Rs.83.57 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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.