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Report Date : |
19.04.2014 |
IDENTIFICATION DETAILS
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Name : |
SCHWANEWEDER INDUSTRIETECHNIK GMBH |
|
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Registered Office : |
Claus-von-Lübken-Str. 4, D 28777 Bremen |
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Country : |
Germany |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
03.08.1987 |
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Com. Reg. No.: |
HRB 18006 |
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Legal Form : |
Private limited company |
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Line of Business : |
·
Manufacture of other electric equipment ·
Wholesale of other equipment and accessories
for machinery and technical supplies |
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No. of Employees : |
19 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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 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 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately 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 |
SCHWANEWEDER
INDUSTRIETECHNIK GMBH
Company Status: active
Claus-von-Lübken-Str. 4
D 28777 Bremen
Telephone:0421/688520
Telefax:
0421/689669
Homepage: www.sit-bremen.de
E-mail:
info@sit-bremen.de
VAT no.: DE189187518
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 03.08.1987
Shareholders'
agreement: 03.08.1987
Registered on: 27.04.1998
Commercial Register: Local court 28195 Bremen
under: HRB
18006
Share capital: EUR 76,693.78
Shareholder:
Holger
Schlöcker
Unterm Berg
71a
D 28777
Bremen
born:
05.12.1952
Share: EUR 76,693.78
Manager:
Holger
Schlöcker
Unterm Berg
71a
D 28777
Bremen
having sole
power of representation
born: 05.12.1952
Profession:
graduate engineer
Marital
status: married
Proxy:
Marlies
Schlöcker
Unterm Berg
71a
D 28777
Bremen
born: 27.11.1954
Marital
status: married
03.08.1987 - 08.05.1998 Schwaneweder Industrietechnik
Gesellschaft mit beschränkter Haftung
Langenberg 4
D 28790 Schwanewede
Private
limited company
Main industrial sector
27900 Manufacture of other electric equipment
n.e.c.
46693 Wholesale of other
equipment and accessories for machinery
and technical supplies
Payment experience: within
periods customary in this trade
Negative information: We have no negative information at hand.
Balance sheet year: 2012
Type of ownership: Tenant
Address Claus-von-Lübken-Str.
4
D 28777 Bremen
Real Estate of: Holger
Schlöcker
Type of ownership: proprietor
Share: 100.00 %
Address Unterm
Berg 71 a
D
28777 Bremen
Land register documents were not
available.
VOLKSBANK, 27704
OSTERHOLZ-SCHARMBECK
Sort. code: 29162394, Account
no.: 505080400
BIC: GENODEF1OHZ, IBAN:
DE95291623940505080400
SPARKASSE BREMEN, 28078 BREMEN
Sort. code: 29050101, Account
no.: 6030803
BIC: SBREDE22XXX, IBAN:
DE44290501010006030803
Turnover: 2012 EUR 5,500,000.00
2013 EUR 2,500,000.00
further business figures:
Equipment: *EUR 93,000.00
Ac/ts receivable: EUR
706,101.00
Liabilities: EUR 1,709,344.00
Total numbers of vehicles: 6
Employees:
19
- thereof permanent staff: 14
- Part-time employees: 1
- Trainees:
3
- Temporary workers: 1
The business figures marked with
an asterisk are estimates based
on average values in the line of
business.
Balance sheet ratios 01.01.2012 -
31.12.2012
Equity ratio [%]: 2.75
Liquidity ratio: 0.39
Return on total capital [%]: 3.45
Balance sheet ratios 01.01.2011 -
31.12.2011
Equity ratio [%]: 11.52
Liquidity ratio: 0.15
Return on total capital [%]: -7.00
Balance sheet ratios 01.01.2010 -
31.12.2010
Equity ratio [%]: 13.10
Liquidity ratio: 0.92
Return on total capital [%]: 3.69
Balance sheet ratios 01.01.2009 -
31.12.2009
Equity ratio [%]: 25.18
Liquidity ratio: 0.32
Return on total capital [%]: 3.27
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 1,900,190.76
Fixed assets EUR 224,895.00
Tangible assets EUR 224,895.00
Other / unspecified
tangible assets EUR 224,895.00
Current assets EUR 1,666,572.67
Stocks EUR 960,382.56
Accounts receivable EUR 706,101.40
Other debtors and
assets EUR 706,101.40
Liquid means EUR 88.71
Remaining other
assets EUR 8,723.09
Accruals (assets) EUR 8,723.09
LIABILITIES EUR 1,900,190.76
Shareholders' equity EUR 83,046.20
Capital EUR 76,693.78
Subscribed capital
(share capital) EUR 76,693.78
Balance sheet profit/loss
(+/-) EUR 6,352.42
Balance sheet profit /
loss EUR 6,352.42
Provisions EUR 107,801.00
Liabilities EUR 1,709,343.56
Other liabilities EUR 1,709,343.56
Unspecified other
liabilities EUR 1,709,343.56
Type of balance sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 1,694,931.06
Fixed assets EUR 140,131.00
Tangible assets EUR 140,131.00
Other / unspecified
tangible assets EUR 140,131.00
Current assets EUR 1,549,996.86
Stocks EUR 1,320,084.78
Accounts receivable EUR 180,714.76
Other debtors and
assets EUR 180,714.76
Liquid means EUR 49,197.32
Remaining other
assets EUR 4,803.20
Accruals (assets) EUR 4,803.20
LIABILITIES EUR 1,694,931.06
Shareholders' equity EUR 76,693.78
Capital EUR 76,693.78
Subscribed capital
(share capital) EUR 76,693.78
Reserves EUR 58,171.87
Capital reserves EUR 58,171.87
Balance sheet profit/loss
(+/-) EUR -58,171.87
Balance sheet profit /
loss EUR -58,171.87
Provisions EUR 251,760.00
Liabilities EUR 1,366,477.28
Other liabilities EUR 1,366,477.28
Unspecified other
liabilities EUR 1,366,477.28
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
: |
DIV |
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|
Report Prepared
by : |
NNA |
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.