|
Report Date : |
08.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
GOEBEL GMBH |
|
|
|
|
Registered Office : |
Goebelstr. 21, D 64293 Darmstadt |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
10.10.2000 |
|
|
|
|
Com. Reg. No.: |
HRB 8060 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
·
Manufacturers
of web-fed printing machines for the printing and converting industry especially
for high security printing such as bank notes, stamps or tax labels and
packaging products ·
Subject specializes
in providing web-fed printing machines as a full integrated solution. |
|
|
|
|
No. of Employees : |
40 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Delayed |
|
|
|
|
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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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 |
Goebel GmbH
Goebelstr. 21
D 64293 Darmstadt
Telephone: 06151/90680
Telefax: 06151/9068200
Homepage: www.goebel-gm.com
E-mail: info@goebel-gm.com
DE813129664
active
We cannot
give an opinion as to the granting of a credit in this particular case.
Business relations require suitable securities.
LEGAL FORM Private limited company
Date of foundation: 10.10.2000
Shareholders'
agreement: 10.10.2000
Registered on: 09.02.2001
Commercial Register: Local
court 64283 Darmstadt
under: HRB 8060
Share capital:
EUR 500,000.00
Goebel Capital GmbH
CH Baar
Legal form: Other legal form
Share: EUR 500,000.00
Reg. data: 56068 Koblenz,
Dr. Felix Berg
Berliner Str. 23a
D 64404 Bickenbach
having sole power of representation
born: 11.04.1959
Marital status: married
Robert Besken
D 64823 Groß-Umstadt
having sole power of representation
born: 09.05.1965
Further
functions/participations of Dr. Felix Berg (Manager)
Shareholder:
print-ing GmbH
Berliner Str. 23a
D 64404 Bickenbach
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 20.05.2005
Reg.
data: 64283 Darmstadt, HRB 9494
Manager:
TMF
Goebel GmbH
Goebelstr. 21
D
64293 Darmstadt
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 10.12.2004
Reg.
data: 64283 Darmstadt, HRB 9336
Manager:
print-ing GmbH
Berliner Str. 23a
D
64404 Bickenbach
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 20.05.2005
Reg.
data: 64283 Darmstadt, HRB 9494
10.10.2000 -
16.01.2006 Goebel Graphic Machines GmbH
Goebelstr. 21
D
64293 Darmstadt
Private limited company
16.01.2006 -
21.07.2009 Drent Goebel GmbH
Goebelstr. 21
D
64293 Darmstadt
Private limited company
·
Manufacturers of
web-fed printing machines for the printing and converting industry especially
for high security printing such as bank notes, stamps or tax labels and
packaging products
·
Subject
specializes in providing web-fed printing machines as a full integrated
solution.
Payment experience: not
within the set period
Negative information: Negative
information is known to us.
Balance sheet year: 2012
Debt collection:
Amount last entry:
1 02.10.2013
EUR 1,073.61
Type of ownership: Tenant
Address Goebelstr. 21
D 64293 Darmstadt
Land register documents were not available.
COMMERZBANK, 64218 DARMSTADT
Sort. code: 50840005, Account no.: 1480441
BIC: COBADEFF508
Turnover: 2012 *EUR 5,400,000.00
2013 *EUR 5,400,000.00
Profit: 2012 EUR -1,783,654.00
further business figures:
Equipment: *EUR 320,000.00
Ac/ts receivable: EUR 1,171,959.00
Liabilities: EUR 11,038,167.00
Employees: 40
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 [%]: -41.68
Liquidity ratio: 0.11
Return on total capital [%]: -20.01
Balance sheet grade: 5.0
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: -19.24
Liquidity ratio: 0.08
Return
on total capital [%]: -9.58
Balance sheet grade: 5.0
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: -16.95
Liquidity ratio: 0.27
Return on total capital [%]: -11.40
Balance sheet grade: 5.0
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: -7.35
Liquidity ratio: 0.97
Return on total capital [%]: -19.54
Balance sheet grade: 4.8
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 12,632,052.00
Fixed assets
EUR 243,886.00
Intangible assets
EUR 156,902.00
Other / unspecified intangible assetsEUR 156,902.00
Tangible assets
EUR 85,961.00
Other / unspecified tangible assets
EUR 85,961.00
Financial assets
EUR 1,023.00
Other / unspecified financial assets EUR 1,023.00
Current assets
EUR 8,705,562.00
Stocks
EUR 7,180,418.00
Other / unspecified stocks
EUR 7,180,418.00
Accounts receivable
EUR 1,171,959.00
Trade debtors
EUR 849,229.00
Other debtors and assets
EUR 322,730.00
Liquid means
EUR 353,185.00
Remaining other assets EUR 3,682,604.00
Accruals (assets)
EUR 44,657.00
Deficit not covered by shareholders'
equity
EUR 3,637,947.00
LIABILITIES EUR
12,632,052.00
Shareholders' equity
EUR 0.00
Capital
EUR 500,000.00
Subscribed capital (share capital)
EUR 500,000.00
Balance sheet profit/loss (+/-)
EUR -4,137,947.00
Profit / loss brought forward
EUR -2,354,293.00
Annual surplus / annual deficit
EUR -1,783,654.00
Other shareholders' equity (+/-)
EUR 3,637,947.00
Deficit not covered by shareholders'
equity
EUR 3,637,947.00
Provisions
EUR 1,593,885.00
Pension provisions and comparable
provisions
EUR 62,528.00
Other / unspecified provisions
EUR 1,531,357.00
Liabilities
EUR 11,038,167.00
Other liabilities
EUR 11,038,167.00
Trade creditors (for IAS incl. bills
of exchange)
EUR 2,762,847.00
Liabilities from received advance
payments
EUR 5,652,941.00
Liabililties due to related companiesEUR 1,685,000.00
Unspecified other liabilities
EUR 937,379.00
thereof liabilities from tax /
financial authorities
EUR 36,905.00
thereof liabilities from social
security
EUR 42,187.00
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 11,881,033.00
Fixed assets
EUR 187,008.00
Intangible assets
EUR 126,381.00
Other / unspecified intangible assetsEUR 126,381.00
Tangible assets
EUR 59,604.00
Other / unspecified tangible assets
EUR 59,604.00
Financial assets
EUR 1,023.00
Other / unspecified financial assets EUR 1,023.00
Current assets
EUR 9,832,783.00
Stocks
EUR 8,811,233.00
Accounts receivable
EUR 779,897.00
Trade debtors
EUR 435,463.00
Other debtors and assets
EUR 344,434.00
Liquid means
EUR 241,653.00
Remaining other assets
EUR 1,861,241.00
Accruals (assets)
EUR 6,948.00
Deficit not covered by shareholders'
equity
EUR 1,854,293.00
Difference assets / liabilities
EUR 1.00
LIABILITIES EUR 11,881,033.00
Shareholders' equity
EUR 0.00
Capital
EUR 500,000.00
Subscribed capital (share capital)
EUR 500,000.00
Balance sheet profit/loss (+/-)
EUR -2,354,293.00
Profit / loss brought forward
EUR -1,400,207.00
Annual surplus / annual deficit
EUR -954,086.00
Other shareholders' equity (+/-)
EUR 1,854,293.00
Deficit not covered by shareholders'
equity
EUR 1,854,293.00
Provisions
EUR 1,923,149.00
Pension provisions and comparable
provisions
EUR 51,529.00
Provisions for taxes
EUR 981,127.00
Other / unspecified provisions
EUR 890,493.00
Liabilities EUR 9,957,884.00
Other liabilities
EUR 9,957,884.00
Trade creditors (for IAS incl. bills
of exchange)
EUR 2,536,486.00
Liabilities from received advance
payments
EUR 5,504,560.00
Liabililties due to related companiesEUR 1,685,000.00
Unspecified other liabilities
EUR 231,838.00
thereof liabilities from tax /
financial authorities
EUR 36,905.00
thereof liabilities from social
security
EUR 42,187.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.32 |
|
UK Pound |
1 |
Rs.101.78 |
|
Euro |
1 |
Rs.84.68 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.