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Report Date : |
08.02.2014 |
IDENTIFICATION DETAILS
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Name : |
SPS TECHNOSCREEN GMBH |
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Registered Office : |
Kohlenstr. 63,
D 42389 Wuppertal |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
09.09.2008 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Repair of
machinery ·
Installation
of machines and equipment n.e.c. ·
Agents involved in the sale of machines (except
agricultural machineryand office machinery) and industrial supplies n.e.c. ·
Wholesale of other equipment and
accessories for machinery and technical supplies |
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No of Employees : |
11 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
Germany |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 |
SPS TechnoScreen GmbH
Kohlenstr. 63
D 42389 Wuppertal
Telephone:0202/26580
Telefax: 0202/2658185
Homepage: www.sps-technoscreen.com
E-mail: service@sps-technoscreen.com
Active
Business
relations are permissible.
LEGAL FORM Private limited company
Date of
foundation: 09.09.2008
Shareholders'
agreement: 09.09.2008
Registered
on: 25.08.2009
Commercial
Register: Local court 42103 Wuppertal
under: HRB 22150
EUR 200,000.00
Klaus Uwe Richter
Eggerskamp 6
D 22143 Hamburg
born: 14.05.1956
Share: EUR 74,284.00
Axel Kaiser
Hammesberger Weg
2
D 42289 Wuppertal
born: 31.08.1950
Share: EUR 60,000.00
Kirsten Brast
D 42103 Wuppertal
born: 21.02.1969
Share: EUR 32,858.00
J.M. van Schaik
Beheer BV
NL - Amsterdam
Legal form: Other
legal form
Share: EUR 32,858.00
Kirsten Brast
D 42103 Wuppertal
Having sole power
of representation
Born: 21.02.1969
09.09.2008 -
16.08.2009 Kronen tausend453 GmbH
Königsallee 102
D 40215
Düsseldorf
Private limited
company
16.08.2009 - 25.08.2009 SPS TechnoScreen GmbH
Königsallee 102
D 40215
Düsseldorf
Private
limited company
25.08.2009 - 19.04.2013 SPS TechnoScreen GmbH
Laurentiusstr. 25
D 42103
Wuppertal
Private
limited company
19.04.2013 - 17.09.2013 SPS TechnoScreen GmbH
Kohlenstr. 65
D 42389
Wuppertal
Private
limited company
Main industrial
sector
33120 Repair of machinery
3320 Installation of machines and equipment
n.e.c.
46141 Agents involved in the sale of machines
(except agricultural machineryand office machinery) and industrial supplies
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: 2011
Type of ownership: Tenant
Address Kohlenstr. 63
D 42389
Wuppertal
Real Estate of: Axel Kaiser
Type of ownership: proprietor
Share: 100.00 %
Address
Hammesberger Weg 2
D 42289
Wuppertal
Land register documents were not available.
STADTSPARKASSE
WUPPERTAL, WUPPERTAL
Sort. code:
33050000, BIC: WUPSDE33XXX
Turnover:
2012 EUR 4,400,000.00
Equipment: *EUR 106,000.00
Ac/ts receivable: EUR 834,010.00
Liabilities: EUR 1,000,700.00
Employees:
11
The business figures marked
with an asterisk are estimates based on average values in the line of business.
|
Balance sheet
ratios 01.01.2011 - 31.12.2011 |
|
Equity ratio [%]: 9.60 |
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Liquidity
ratio:
0.92 |
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Return on total
capital [%]: -1.45 |
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Balance sheet
ratios 01.01.2010 - 31.12.2010 |
|
Equity ratio
[%]: 6.40 |
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Liquidity
ratio:
0.84 |
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Return on total
capital [%]: -7.97 |
|
|
|
Balance sheet
ratios 01.01.2009 - 31.12.2009 |
|
Equity ratio
[%]:
20.39 |
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Liquidity
ratio: 1.22 |
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Return on total
capital [%]: 0.77 |
|
|
|
Balance sheet
ratios 09.09.2008 - 31.12.2008 |
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.
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.
Sheet:
Company balance sheet
Financial year:
01.01.2011 - 31.12.2011
ASSETS EUR 1,231,085.73
Fixed assets
EUR 159,688.00
Intangible assets EUR 139,832.00
Other / unspecified intangible assetsEUR 139,832.00
Tangible assets
EUR 19,856.00
Other / unspecified tangible assets
EUR 19,856.00
Current assets
EUR 1,058,331.62
Stocks
EUR 209,899.00
Accounts receivable
EUR 834,009.90
Other debtors and assets
EUR 834,009.90
Liquid means EUR 14,422.72
Remaining other assets
EUR 13,066.11
Accruals (assets)
EUR 13,066.11
LIABILITIES EUR 1,231,085.73
Shareholders' equity
EUR 101,239.71
Capital
EUR 200,000.00
Subscribed capital (share capital)
EUR 200,000.00
Balance sheet profit/loss (+/-)
EUR -98,760.29
Profit / loss brought forward
EUR -81,930.47
Annual surplus / annual deficit
EUR -16,829.82
Provisions
EUR 129,146.00
Liabilities EUR 1,000,700.02
Other liabilities
EUR 1,000,700.02
Unspecified other liabilities
EUR 1,000,700.02
Sheet:
Company balance sheet
Financial year:
01.01.2010 - 31.12.2010
ASSETS EUR 1,177,770.96
Fixed assets
EUR 136,248.00
Intangible assets
EUR 120,850.00
Other / unspecified intangible assetsEUR 120,850.00
Tangible assets
EUR 15,398.00
Other / unspecified tangible assets
EUR 15,398.00
Current assets
EUR 1,027,444.76
Stocks
EUR 179,342.36
Accounts receivable
EUR 838,017.90
Other debtors and assets EUR 838,017.90
Liquid means
EUR 10,084.50
Remaining other assets
EUR 14,078.20
Accruals (assets)
EUR 14,078.20
LIABILITIES
EUR 1,177,770.96
Shareholders' equity
EUR 118,069.53
Capital
EUR 200,000.00
Subscribed capital (share capital)
EUR 200,000.00
Balance
sheet profit/loss (+/-) EUR -81,930.47
Profit / loss brought forward
EUR 6,962.42
Annual surplus / annual deficit
EUR -88,892.89
Provisions
EUR 34,538.27
Liabilities
EUR 1,025,163.16
Other liabilities
EUR 1,025,163.16
Unspecified other liabilities
EUR 1,025,163.16
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 62.31 |
|
|
1 |
Rs. 101.77 |
|
Euro |
1 |
Rs. 84.68 |
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 |
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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 |
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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 |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.