|
Report Date : |
22.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
SPRINGER GMBH |
|
|
|
|
Registered Office : |
Herrenpfad-Sud
4C D 41334 Nettetal |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
01.10.1996 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
· Construction of utility projects for fluids · Wholesaler of iron ores, iron, steel and iron and steel semi-finished goods · Wholesaler of non-ferrous ores, metals and metal semi-finished goods · Wholesaler of hardware, plumbing and heating equipment and supplies |
|
|
|
|
No of Employees : |
47 |
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 – 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 |
|
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 |
SPRINGER GMBH
Herrenpfad-Süd 4c
D 41334 Nettetal
Telephone:02157/89650
Telefax: 02157/896540
Homepage:
www.springer-gmbh.de
E-mail: info@springer-gmbh.de
Active
DE812083057
Business
relations are permissible.
LEGAL FORM Private limited company
Date of
foundation: 10.09.1996
Shareholders'
Agreement: 10.09.1996
Registered
on: 01.10.1996
Commercial
Register: Local court 47798 Krefeld
under: HRB 8428
EUR 127,822.98
Christoph
Springer
Moersenstr. 40
D 41749 Viersen
Born: 24.08.1965
Share: EUR 63,911.49
Moersenstr. 40
D 41749 Viersen
Born: 07.02.1971
Share: EUR 63,911.49
Christoph
Springer
Moersenstr. 40
D 41749 Viersen
having sole power
of representation
Born: 24.08.1965
Profession:
Businessman
Marital status:
married
Proxy:
Ralf Theodor Kathagen
D 41334 Nettetal
authorized to jointly
represent the company
born: 22.02.1972
Proxy:
Klaus Lambertz
D 41366 Schwalmtal
authorized to jointly
represent the company
born: 09.11.1963
10.09.1996 -
07.11.2000 Springer GmbH
Herrenpfad-Süd 36
D 41334 Nettetal
Private limited
company
Main industrial
sector
42210 Construction of utility projects for fluids
46721 Wholesale of iron ores, iron, steel and iron
and steel semi-finished goods
46722 Wholesale of non-ferrous ores, metals and
metal semi-finished goods
4674 Wholesale of hardware, plumbing and heating
equipment and supplies
Branch
Springer GmbH
Ringstr. 2
D 99885 Ohrdruf
PAYMENT
EXPERIENCE : Cash discount/within agreed terms
NEGATIVE
INFORMATION : We have no negative information at hand.
2012
Type of ownership: Tenant
Address Herrenpfad-Süd 4c
D 41334
Nettetal
Real Estate of: Christoph Springer
Type of
ownership: Unknown
Address Moersenstr. 40
D 41749 Viersen
Land register documents were not available.
SPARKASSE KREFELD, VIERSEN
Sort. code: 32050000, BIC: SPKRDE33XXX
COMMERZBANK FIL NETTETAL-LOBBERICH, NETTETAL
Sort. code: 31040015, BIC: COBADEFF310
UNICREDIT BANK - HYPOVEREINSBANK, LINDAU
(BODENSEE)
Sort. code: 60020290, BIC: HYVEDEMM473
SPARKASSE KREFELD, KREFELD
Sort. code: 32050000, BIC: SPKRDE33XXX
Gross profit or loss:2012 EUR 4,338,564.00
Profit: 2012 EUR 535,853.00
Equipment: EUR 426,056.00
Ac/ts receivable: EUR 615,731.00
Liabilities: EUR 3,308,547.00
Employees:
47
Balance sheet
ratios 01.01.2012 - 31.12.2012
Equity ratio
[%]: 68.26
Liquidity ratio: 0.20
Return on total capital [%]: 4.65
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 61.08
Liquidity ratio: 0.18
Return on total capital [%]: 9.76
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 69.30
Liquidity ratio: 0.35
Return on total capital [%]: 8.53
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 70.94
Liquidity ratio: 0.35
Return on total capital [%]: 9.89
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.
Type
of balance sheet: Company
balance sheet
Financial year: 01.01.2012 -
31.12.2012
ASSETS EUR 10,994,388.66
Fixed assets EUR 4,230,316.60
Intangible assets EUR 12,338.50
Concessions, licences, rights EUR 12,338.50
Tangible assets EUR 4,217,978.10
Land
/ similar rights EUR 1,379,068.60
Plant / machinery EUR 2,412,853.50
Other tangible assets / fixtures and
fittings EUR 426,056.00
Current assets EUR 6,743,322.06
Stocks EUR 5,863,567.12
Finished goods / work in progress EUR
5,863,567.12
Accounts receivable EUR 615,731.31
Trade debtors EUR 415,674.65
Other debtors and assets EUR 200,056.66
Liquid means EUR 264,023.63
Remaining other assets EUR 20,750.00
Accruals (assets) EUR 20,750.00
LIABILITIES EUR 10,994,388.66
Shareholders' equity EUR 7,504,880.78
Capital EUR 127,822.97
Subscribed capital (share capital) EUR 127,822.97
Balance sheet profit/loss (+/-) EUR 7,377,057.81
Profit / loss brought forward EUR 6,841,204.39
Annual surplus / annual deficit EUR 535,853.42
Provisions EUR 180,961.00
Other / unspecified provisions EUR 180,961.00
Liabilities EUR 3,308,546.88
Financial debts EUR 2,721,582.23
Liabilities due to banks EUR 2,721,582.23
Other liabilities EUR 586,964.65
Trade creditors (for IAS incl. bills
of exchange) EUR 457,201.03
Unspecified other liabilities EUR 129,763.62
thereof liabilities from tax /
financial authorities EUR 129,157.69
thereof liabilities from social
security EUR 150.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Gross result (+/-) EUR 4,338,563.65
Staff expenses EUR 1,952,256.08
Wages and salaries EUR 1,688,101.07
Social security contributions and
expenses for pension plans and
benefits EUR 264,155.01
Total depreciation EUR 536,367.49
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 536,367.49
Other operating expenses EUR 1,109,865.85
Operating result from continuing
operations EUR 740,074.23
Interest result (+/-) EUR -90,762.39
Interest and similar income EUR 1,657.17
Interest and similar expenses EUR 92,419.56
Financial result (+/-) EUR -90,762.39
Result from ordinary operations (+/-) EUR
649,311.84
Extraordinary income EUR 26,781.04
Extraordinary expenses EUR 2,307.64
Extraordinary result (+/-) EUR 24,473.40
Income tax / refund of income tax
(+/-)EUR -137,931.82
Tax (+/-) EUR -137,931.82
Annual surplus / annual deficit EUR 535,853.42
Type of balance sheet: Company balance sheet
Financial year: 01.01.2011 -
31.12.2011
ASSETS EUR 11,965,902.27
Fixed assets EUR 4,419,743.60
Intangible assets EUR 16,584.50
Other / unspecified intangible
assetsEUR 16,584.50
Tangible assets EUR 4,403,159.10
Land / similar rights EUR 1,451,462.60
Plant / machinery EUR 2,407,738.50
Other tangible assets / fixtures and
fittings EUR 504,358.00
Advance payments made / construction
in progress EUR 39,600.00
Current assets EUR 7,520,704.67
Stocks EUR 6,704,892.59
Accounts receivable EUR 729,097.26
Other debtors and assets EUR 729,097.26
Liquid means EUR 86,714.82
Remaining other assets EUR 25,454.00
Accruals (assets) EUR 25,454.00
LIABILITIES EUR 11,965,902.27
Shareholders' equity EUR 7,312,027.36
Capital EUR 127,822.97
Subscribed capital (share capital) EUR 127,822.97
Balance sheet profit/loss (+/-) EUR 7,184,204.39
Profit / loss brought forward EUR 6,011,745.32
Annual surplus / annual deficit EUR 1,172,459.07
Provisions EUR 500,596.00
Liabilities EUR 4,153,278.91
Financial debts EUR 3,057,741.41
Liabilities due to banks EUR 3,057,741.41
Other liabilities EUR 1,095,537.50
Unspecified other liabilities EUR 1,095,537.50
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Gross result (+/-) EUR 5,454,628.23
Staff expenses EUR 2,012,986.77
Wages and salaries EUR 1,740,202.73
Social security contributions and
expenses for pension plans and
benefits EUR 272,784.04
Total depreciation EUR 487,428.01
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 487,428.01
Other operating expenses EUR 1,244,266.95
Operating result from continuing
operations EUR 1,709,946.50
Interest result (+/-) EUR -76,020.16
Interest and similar income EUR 752.31
Interest and similar expenses EUR 76,772.47
Financial result (+/-) EUR -76,020.16
Result from ordinary operations (+/-) EUR
1,633,926.34
Extraordinary income EUR 14,618.61
Extraordinary expenses EUR 9,247.32
Extraordinary result (+/-) EUR 5,371.29
Income tax / refund of income tax
(+/-)EUR -466,838.56
Tax (+/-) EUR -466,838.56
Annual surplus / annual deficit
EUR 1,172,459.07
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 61.53 |
|
|
1 |
Rs. 101.08 |
|
Euro |
1 |
Rs. 83.37 |
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 |
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.