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Report Date : |
01.02.2014 |
IDENTIFICATION DETAILS
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Name : |
SOHLER-NEUENHAUSER GMBH & CO. KG |
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Registered Office : |
Karl-Hirnbein-Str.
20, D 88239 Wangen |
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Country : |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
28.06.2001 |
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Legal Form : |
Ltd partnership
with priv. ltd. company as general partner |
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Line of Business : |
·
Manufacturer
of other general-purpose machinery ·
Agents involved in the sale of machines
(except agricultural machineryand
office machinery) and industrial supplies n.e.c. ·
Wholesaler of machinery for the textile
industry and of sewing and knitting
machines |
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|
|
No of Employees : |
45 |
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 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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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 |
Sohler-Neuenhauser GmbH & Co. KG
Karl-Hirnbein-Str.
20
D 88239 Wangen
Telephone:07522/79560
Telefax: 07522/20412
Homepage: www.sohler-neuenhauser.de
E-mail: mail@sohler-neuenhauser.de
Active
DE813210941
Business
relations are permissible.
LEGAL FORM Ltd partnership with priv. ltd.
company as general partner
Date of
foundation: 28.06.2001
Registered
on: 28.06.2001
Register of
companies: Local court 89073 Ulm
under: HRA 621029
EUR 500,000.00
Sohler Airtex GmbH
& Co.KG
Karl-Hirnbein-Str.
20
D 88239 Wangen
Legal form: Ltd
partnership with priv. ltd. company as general partner
Total cap.
contribution: EUR 255,543.68
Share: EUR 250,000.00
Registered on:
26.10.2006
Reg. data: 89073
Ulm, HRA 720163
Neuenhauser
Maschinenbau GmbH
Hans-Voshaar-Str.
5
D 49828 Neuenhaus
Legal form:
Private limited company
Share
capital: EUR 500,000.00
Share: EUR 250,000.00
Registered on:
25.09.2001
Reg. data: 49074
Osnabrück, HRB 131303
Sohler-Neuenhauser
Verwaltungs-GmbH
Karl-Hirnbein-Str.
20
D 88239 Wangen
Legal form:
Private limited company
Share
capital: EUR 25,000.00
Registered on:
28.06.2001
Reg. data: 89073 Ulm,
HRB 620929
Sohler Airtex
GmbH & Co.KG
Karl-Hirnbein-Str.
20
D 88239 Wangen
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap.
contribution: EUR 255,543.68
Share: EUR 12,750.00
Registered on:
26.10.2006
Reg. data: 89073
Ulm, HRA 720163
Neuenhauser
Maschinenbau GmbH
Hans-Voshaar-Str.
5
D 49828 Neuenhaus
Legal form:
Private limited company
Share
capital: EUR 500,000.00
Share: EUR 12,250.00
Registered on:
25.09.2001
Reg. data: 49074
Osnabrück, HRB 131303
Mark Sohler
Säntisweg 17
D 88239 Wangen
Having sole power
of representation
Born: 20.10.1967
Eduard Wörndle
D 88239 Wangen
Born: 20.06.1943
Eduard Wörndle
D 88239 Wangen
Born: 20.06.1943
Main industrial
sector
28290 Manufacture of other general-purpose
machinery
46141 Agents involved in the sale of machines
(except agricultural machineryand office machinery) and industrial supplies
n.e.c.
46640 Wholesale of machinery for the textile
industry and of sewing and knitting machines
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 Karl-Hirnbein-Str. 20
D 88239 Wangen
Real Estate of: Sohler-Neuenhauser Verwaltungs-GmbH
Type of ownership: Tenant
Address Karl-Hirnbein-Str. 20
D 88239
Wangen
Land register documents were not
available
VOLKSBANK
ALLGÄU-WEST, ISNY IM ALLGÄU
Sort. code:
65092010, BIC: GENODES1WAN
POSTBANK,
STUTTGART
Sort. code:
60010070, BIC: PBNKDEFFXXX
Turnover: 2012 *EUR 6,825,000.00
2013 *EUR 6,825,000.00
further
business figures:
Equipment: *EUR 345,000.00
Ac/ts
receivable:
EUR 914,518.00
Liabilities: EUR 1,142,710.00
45
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
[%]: 47.51
Liquidity
ratio:
10.00
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 45.64
Liquidity ratio: 3.84
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 55.93
Liquidity ratio: 10.00
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 54.63
Liquidity ratio: 1.69
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.
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.
sheet:
Company balance sheet
Financial year: 01.01.2012
- 31.12.2012
ASSETS EUR 3,442,461.67
Fixed assets
EUR 462,487.50
Intangible assets
EUR 205,831.00
Tangible assets
EUR 256,656.50
Current assets
EUR 2,979,098.17
Stocks
EUR 949,682.66
Accounts receivable EUR 914,518.18
Liquid means
EUR 1,114,897.33
Remaining other assets
EUR 876.00
Accruals (assets)
EUR 876.00
LIABILITIES EUR 3,442,461.67
Shareholders' equity
EUR 1,689,610.84
Capital
EUR 355,813.36
Limited partner's capital / capital
of partially liable partner (LP)
EUR 355,813.36
Reserves
EUR 1,333,797.48
Provisions
EUR 610,141.26
Liabilities
EUR 1,142,709.57
Type
of balance
sheet:
Company balance sheet
Financial year:
01.01.2011 - 31.12.2011
ASSETS EUR 4,161,545.00
Fixed assets EUR 509,413.00
Intangible assets EUR 260,375.00
Other / unspecified intangible
assetsEUR 260,375.00
Tangible assets EUR 249,038.00
Other / unspecified tangible assets EUR
249,038.00
Current assets EUR 3,651,282.88
Stocks EUR 843,940.42
Accounts receivable EUR 1,820,552.97
Other debtors and assets EUR 1,820,552.97
Liquid means EUR 986,789.49
Remaining other assets EUR 849.12
Accruals (assets) EUR 849.12
LIABILITIES EUR 4,161,545.00
Shareholders' equity EUR 1,970,091.60
Capital EUR 436,294.12
Limited partner's capital / capital
of partially liable partner (LP) EUR 436,294.12
Reserves EUR 1,533,797.48
Provisions EUR 730,369.30
Liabilities EUR 1,461,084.10
Other liabilities EUR 1,461,084.10
Unspecified other liabilities
EUR 1,461,084.10
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 62.47 |
|
|
1 |
Rs. 102.94 |
|
Euro |
1 |
Rs. 84.60 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
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.