|
Report Date : |
08.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
SCHROEDAHL ARAPP SPEZIAL ARMATUREN
GMBH & CO. KG |
|
|
|
|
Registered Office : |
Schönenbacher Str. 4, D 51580
Reichshof |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
24.11.1962 |
|
|
|
|
Legal Form : |
Limited
Partnership With Private Limited Company As General Partner |
|
|
|
|
Line of Business : |
Manufacture of Taps and Valves. |
|
|
|
|
No. of Employees : |
124 |
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 : |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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, 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 |
SCHROEDAHL ARAPP SPEZIAL ARMATUREN GMBH
& CO. KG
Company Status: active
Schönenbacher Str. 4
D 51580 Reichshof
Telephone:02265/99270
Telefax: 02265/99270
Homepage: www.schroedahl.de
E-mail:
info@schroedahl.de
VAT no.: DE122535501
Business relations are permissible.
LEGAL FORM Ltd
partnership with priv. ltd. company as
general partner
Date of foundation: 1962
Registered on: 24.11.1962
Register of
companies: Local
court 53721 Siegburg
under: HRA
4045
Total cap. contribution: EUR 204,516.76
Limited partner:
Margarete Odendahl
D 51643 Gummersbach
née: Jung
Share: EUR 51,129.19
Limited partner:
Edith Schröder
D 51643 Gummersbach
born: 1940
née: Sammet
Share: EUR 51,129.19
Limited partner:
Rolf Schroeder
Florastr. 5
D 51643 Gummersbach
born: 21.09.1938
Share: EUR 51,129.19
Limited partner:
Inge Schroeder
Florastr. 5
D 51643 Gummersbach
Share: EUR 51,129.19
General partner:
Schroedahl Holding GmbH
Schönenbacher Str. 4
D 51580 Reichshof
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered on: 24.01.2014
Reg. data: 53721 Siegburg,
HRB 12826
Shareholder:
Marc Wilhelm Schroeder
Grotenbachstr. 48d
D 51643 Gummersbach
born: 02.07.1968
Share: EUR 13,750.00
Shareholder:
Klaus Michael Schröder
Epelstr. 31
D 51645 Gummersbach
born: 17.04.1963
Share: EUR 11,250.00
Manager:
Rolf Schroeder
Florastr. 5
D 51643 Gummersbach
having sole power of
representation
born: 21.09.1938
Profession: Businessman
Marital status: married
Manager:
Marc Wilhelm Schroeder
Grotenbachstr. 48d
D 51643 Gummersbach
having sole power of
representation
born: 02.07.1968
Profession: Businessman
Marital status: unknown
Proxy:
Reinhard Gösselkeheld
D 51643 Gummersbach
authorized to jointly
represent the company
26.01.1994 - 03.02.2014 General
partner
ARAPP Spezialarmaturen
Gesellschaft mit
beschräkter Haftung
D 51580 Reichshof
Main industrial sector
28140
Manufacture of taps and valves n.e.c.
Average risk of default: 3.1 %
Branch:
Schroedahl ARAPP Spezial
Armaturen GmbH &
Co. KG
Sebastianstr. 27
D 91058 Erlangen
TEL.: 09131/69071-30
FAX.: 09131/69071-40
Payment experience: Within
agreed terms
Negative information: We have no negative information at hand.
BALANCE
SHEET YEAR: 2012
Type of ownership: Part
owner
Share: 80.00 %
Address Schönenbacher
Str. 4
D 51580 Reichshof
Value at selling price: EUR 2,454,000.00
Real Estate of: Schroedahl
Holding GmbH
Type of ownership: Tenant
Address Schönenbacher
Str. 4
D 51580 Reichshof
Land register documents were not available.
Principal Bank
DEUTSCHE BANK, 51602 GUMMERSBACH
Sort. code: 38470091
BIC: DEUTDEDW384
Further Banks
COMMERZBANK VORMALS DRESDNER BANK, 51602
GUMMERSBACH
Sort. code: 37080040
BIC: DRESDEFF370
COMMERZBANK,
51643 GUMMERSBACH
Sort. code: 38440016
BIC: COBADEFFXXX
POSTBANK, 51222 KÖLN
Sort. code: 37010050
BIC: PBNKDEFFXXX
Turnover: 2013 *EUR 16,940,000.00
Profit: 2012 EUR 4,114,084.00
further business figures:
Equipment: EUR 380,785.00
Ac/ts receivable: EUR 3,919,757.00
Liabilities: EUR 5,761,776.00
Employees:
124
- thereof permanent staff: 117
- Trainees:
3
- Temporary workers: 4
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 [%]: 91.52
Liquidity ratio: 10.00
Return on total capital [%]: 12.34
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.
Balance Sheet Grade
The balance sheet grade is based on the
following ratios: equity ratio, liquidity ratio and return on total capital
from the balance sheets published in the Federal Gazette. It is calculated in
accordance with the methodology of Euler Hermes. It ranges from 1.0 (positive)
to 5.0 (negative).
Type of
balance sheet: Company
balance sheet
Financial
year: 01.01.2012 - 31.12.2012
ASSETS EUR 33,363,007.22
Fixed assets
EUR 3,994,905.52
Intangible assets
EUR 45,593.00
Tangible assets
EUR 3,949,312.52
Land / similar rights
EUR 2,526,015.14
Plant / machinery
EUR 1,003,897.00
Other tangible assets / fixtures and
fittings
EUR 380,785.00
Advance payments made / construction
in progress EUR 38,615.38
Current assets
EUR 29,323,023.38
Stocks
EUR 4,986,347.00
Accounts receivable
EUR 3,919,756.88
Other debtors and assets
EUR 3,919,756.88
Investments in current assets
EUR 848,280.72
Liquid means
EUR 19,568,638.78
Remaining other assets
EUR 45,078.32
Accruals (assets) EUR 45,078.32
LIABILITIES EUR 33,363,007.22
Shareholders' equity
EUR 25,558,811.57
Capital
EUR 25,558,811.57
Capital of the fully liable partner
(LP, general partnership)
EUR 25,405,424.00
Capital contribution of gen.
partner/accounts of the pers. liable
shareholder
EUR 25,405,424.00
Limited partner's capital / capital
of partially liable partner (LP)
EUR 153,387.57
Provisions
EUR 2,042,420.00
Liabilities
EUR 5,761,775.65
Other liabilities
EUR 5,761,775.65
Liabilities due to shareholders
EUR 4,976,889.96
Liabililties due to related companiesEUR 195,057.84
Unspecified other liabilities
EUR 589,827.85
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Gross result (+/-)
EUR 18,056,174.34
Staff expenses
EUR 6,356,294.24
Wages and salaries
EUR 5,393,889.86
Social security contributions and
expenses for pension plans and
benefits
EUR 962,404.38
Total depreciation
EUR 622,418.66
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 622,418.66
Other operating expenses
EUR 5,052,040.26
Operating result from continuing
operations EUR 6,025,421.18
Interest result (+/-)
EUR -596,603.32
Interest and similar income
EUR 344,401.88
Interest and similar expenses
EUR 941,005.20
thereof paid to related companies
EUR 737,923.46
Financial result (+/-)
EUR -596,603.32
Result from ordinary operations (+/-)
EUR 5,428,817.86
Income tax / refund of income tax (+/-)EUR -1,300,176.00
Other taxes / refund of taxes
EUR -14,558.15
Tax (+/-)
EUR -1,314,734.15
Annual surplus / annual deficit
EUR 4,114,083.71
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.41 |
|
|
1 |
Rs.103.42 |
|
Euro |
1 |
Rs.82.17 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TPT |
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.