|
Report Date : |
29.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
SCHNEEBERGER GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG |
|
|
|
|
Registered Office : |
Gräfenau 12, D 75339 Höfen |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
1923 |
|
|
|
|
Com. Reg. No.: |
HRB 330329 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Manufacture of metal forming
machinery |
|
|
|
|
No. of Employees : |
436 |
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 |
SCHNEEBERGER GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG
Company Status: active
Gräfenau 12
D 75339 Höfen
Telephone:07081/782-0
Telefax: 07081/782-124
Homepage:
www.schneeberger.com
E-mail: info@schneeberger.com
VAT no.: DE144602286
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 1923
Shareholders'
agreement: 17.06.1965
Registered on: 27.07.1965
Commercial Register: Local court 70190 Stuttgart
under: HRB
330329
Share capital: EUR 2,300,813.47
Shareholder:
Schneeberger Holding AG
CH CH- Roggwil
Legal form: Other legal
form
Share: EUR 2,300,813.47
Manager:
Hans-Hermann Rahlmeyer
D 64683 Einhausen
having sole power of representation
born: 29.04.1961
Profession: Businessman
Proxy:
Klaus-Dieter Götz
D 74372 Sersheim
authorized to jointly
represent the company
born: 26.08.1959
Profession: Businessman
Proxy:
Egbert Strahler
D 75331 Engelsbrand
authorized to jointly
represent the company
born: 27.05.1953
Proxy:
Christof Rechkemmer
D 75210 Keltern
authorized to jointly
represent the company
born: 17.01.1964
Profession: Businessman
Marital status: married
Proxy:
Schönbach Peter
D 72820 Sonnenbühl
Further
functions/participations of Hans-Hermann Rahlmeyer
(Manager)
Manager:
Spatz-Präzision GmbH
Im Gründchen 5
D 63856 Bessenbach
Legal form: Private
limited company
dissolved
Share capital: EUR 28,121.06
Registered
on: 21.07.1981
Reg. data: 63739 Aschaffenburg, HRB 2143
Main
industrial sector
28410 Manufacture
of metal forming machinery
Branch:
Schneeberger Gesellschaft
mit beschränkter
Haftung
Floethütte 9
D 41749 Viersen
TEL.: 02162/67415
FAX.: 02162/961572
Shareholder:
Spatz-Präzision GmbH
Im Gründchen 5
D 63856 Bessenbach
Legal form: Private
limited company
Company Status: dissolved
since: 13.07.2010
Share capital: EUR 28,121.06
Share: EUR 28,121.06
Reg. data: 21.07.1981
Local court
63739 Aschaffenburg
HRB 2143
Payment experience: cash
discount/within agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2012
Type of ownership: proprietor
Share: 100.00 %
Address Gräfenau
12
D 75339 Höfen
Type
of real estate: factory building
Value at selling price: EUR 7,669,000.00
Encumbrances: EUR 2,000,000.00
Land register documents were not available.
Principal bank
BADEN-WÜRTTEMBERGISCHE BANK/LANDESBANK
BADEN-WÜRTTEMBERG,
PFORZHEIM
Sort. code: 60050101, BIC: SOLADEST600
Further bank
POSTBANK, STUTTGART
Sort. code: 60010070, BIC: PBNKDEFFXXX
Turnover: 2012 EUR 100,742,646.00
Profit: 2012 EUR 5,333,487.00
Equipment: EUR 1,789,391.00
Ac/ts receivable: EUR 12,237,460.00
Liabilities: EUR
26,340,733.00
Employees:
436
- Trainees:
23
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity
ratio [%]: 53.93
Liquidity ratio: 0.71
Return on total capital [%]: 8.69
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 54.32
Liquidity ratio: 0.79
Return on total capital [%]: 13.56
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 48.83
Liquidity ratio: 0.57
Return on total capital [%]: 4.74
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 47.89
Liquidity ratio: 0.37
Return on total capital [%]: -10.87
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 61,844,104.49
Fixed assets EUR 30,360,438.74
Intangible assets
EUR 171,568.08
Concessions, licences, rights
EUR 171,568.08
Tangible assets
EUR 30,188,870.66
Land / similar rights
EUR 14,254,202.37
Plant / machinery
EUR 11,718,514.81
Other tangible assets / fixtures and
fittings
EUR 1,789,390.63
Advance payments made / construction
in progress
EUR 2,426,762.85
Current assets
EUR 31,289,817.50
Stocks
EUR 15,796,069.96
Raw materials, consumables and
supplies EUR 5,655,037.82
Finished goods / work in progress
EUR 10,141,032.14
Accounts receivable
EUR 12,237,459.74
Trade debtors
EUR 9,660,721.59
Amounts due from related companies
EUR 937,937.16
Other debtors and assets
EUR 1,638,800.99
Liquid means
EUR 3,256,287.80
Remaining other assets
EUR 193,848.25
Accruals (assets)
EUR 86,295.25
thereof disagio
EUR 13,971.16
Deferred taxes (assets)
EUR 107,553.00
LIABILITIES EUR 61,844,104.49
Shareholders' equity
EUR 26,981,371.83
Capital
EUR 2,300,813.47
Subscribed capital (share capital)
EUR 2,300,813.47
Reserves EUR 19,347,071.01
Capital reserves
EUR 9,260,046.51
Retained earnings / revenue reserves EUR 10,087,024.50
Balance sheet profit/loss (+/-)
EUR 5,333,487.35
Annual surplus / annual deficit
EUR 5,333,487.35
Items between shareholders' equity and
debt capital
EUR 1,003,522.24
Allowances / bonuses
EUR 1,003,522.24
Provisions EUR 7,518,477.86
Pension provisions and comparable
provisions
EUR 1,701,215.00
Provisions for taxes
EUR 3,821,972.12
Other / unspecified provisions
EUR 1,995,290.74
Liabilities
EUR 26,340,732.56
thereof total due to shareholders
EUR 5,916,954.20
Financial debts
EUR 15,681,851.50
Liabilities due to banks EUR 13,681,851.50
Loans / obligations / debentures
EUR 2,000,000.00
Other liabilities
EUR 10,658,881.06
Trade creditors (for IAS incl. bills
of exchange)
EUR 3,165,406.24
Liabililties due to related companiesEUR 7,232,970.52
Unspecified other liabilities
EUR 260,504.30
thereof liabilities from tax /
financial authorities
EUR 166,890.68
thereof liabilities from social
security
EUR 11,510.61
Guarantees and other commitments
EUR 16,270,000.00
Other guarantees and other commitmentsEUR 16,270,000.00
PROFIT AND LOSS
ACCOUNT (cost-summary method) according to Comm. Code (HGB)
Sales
EUR 100,742,646.06
Inventory change + own costs (+/-)
EUR 30,702.61
Inventory change (+/-)
EUR 30,702.61
Other operating income
EUR 649,592.58
Cost of materials
EUR 58,645,913.11
Raw materials and supplies, purchased
goods
EUR 47,867,985.10
Purchased
services EUR 10,777,928.01
Gross result (+/-)
EUR 42,777,028.14
Staff expenses
EUR 19,550,935.65
Wages and salaries
EUR 16,558,196.32
Social security contributions and
expenses for pension plans and
benefits
EUR 2,992,739.33
Total depreciation
EUR 3,062,009.69
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 3,062,009.69
Other operating expenses
EUR 11,477,648.23
Operating result from continuing
operations
EUR 8,686,434.57
Interest result (+/-)
EUR -1,195,697.96
Interest and similar income
EUR 24,234.77
Interest and similar expenses
EUR 1,219,932.73
thereof paid to related companies
EUR 355,706.55
Financial result (+/-)
EUR -1,195,697.96
Result from ordinary operations (+/-)
EUR 7,490,736.61
Extraordinary income
EUR 28,056.93
Extraordinary expenses
EUR 57,075.82
Other extraordinary expenses
EUR 57,075.82
Extraordinary result (+/-)
EUR -29,018.89
Income tax / refund of income tax (+/-)EUR -2,097,443.88
Other taxes / refund of taxes
EUR -30,786.49
Tax (+/-)
EUR -2,128,230.37
Annual surplus / annual deficit
EUR 5,333,487.35
Type of
balance sheet: Company
balance sheet
Financial
year: 01.01.2011 - 31.12.2011
ASSETS EUR 51,629,292.63
Fixed assets
EUR 23,867,795.46
Intangible assets
EUR 231,877.68
Concessions,
licences, rights EUR 231,877.68
Tangible assets
EUR 23,635,917.78
Land / similar rights
EUR 14,726,775.43
Plant / machinery
EUR 6,692,703.83
Other tangible assets / fixtures and
fittings
EUR 1,242,908.62
Advance payments made / construction
in progress
EUR 973,529.90
Current assets EUR 27,618,754.34
Stocks
EUR 13,844,139.23
Raw materials, consumables and
supplies
EUR 3,733,809.70
Finished goods / work in progress
EUR 10,110,329.53
Accounts receivable
EUR 12,939,842.12
Trade debtors
EUR 10,074,074.81
Amounts due from related companies
EUR 2,068,852.49
Other debtors and assets
EUR 796,914.82
Liquid means
EUR 834,772.99
Remaining other assets
EUR 142,742.83
Accruals (assets)
EUR 87,678.83
thereof disagio EUR 19,958.81
Deferred taxes (assets)
EUR 55,064.00
LIABILITIES EUR 51,629,292.63
Shareholders' equity
EUR 19,647,884.48
Capital EUR 2,300,813.47
Subscribed capital (share capital)
EUR 2,300,813.47
Reserves
EUR 10,323,073.52
Capital reserves
EUR 7,260,046.51
Retained earnings / revenue reserves EUR 3,063,027.01
Balance sheet profit/loss (+/-)
EUR 7,023,997.49
Annual surplus / annual deficit
EUR 7,023,997.49
Provisions
EUR 6,317,253.21
Pension provisions and comparable
provisions
EUR 1,684,300.00
Provisions for taxes
EUR 2,420,380.00
Other / unspecified provisions
EUR 2,212,573.21
Liabilities
EUR 25,664,154.94
thereof total due to shareholders
EUR 8,367,331.26
Financial debts
EUR 12,890,833.91
Liabilities due to banks
EUR 10,890,833.91
Loans / obligations / debentures
EUR 2,000,000.00
Other liabilities
EUR 12,773,321.03
Trade creditors (for IAS incl. bills
of exchange)
EUR 3,144,931.16
Liabililties due to related companiesEUR 9,369,246.11
Unspecified other liabilities
EUR 259,143.76
thereof liabilities from tax /
financial authorities
EUR 146,981.45
thereof liabilities from social
security
EUR 0.00
PROFIT AND
LOSS ACCOUNT (cost-summary method) according to Comm. Code (HGB)
Sales EUR 99,460,342.79
Inventory change + own costs (+/-)
EUR 2,906,317.43
Inventory change (+/-)
EUR 2,891,389.84
Capitalised own costs
EUR 14,927.59
Other operating income
EUR 850,415.21
Cost of materials EUR 60,772,156.80
Raw materials and supplies, purchased
goods
EUR 47,898,479.53
Purchased services
EUR 12,873,677.27
Gross result (+/-)
EUR 42,444,918.63
Staff expenses
EUR 17,799,083.75
Wages and salaries
EUR 15,191,514.37
Social security contributions and
expenses for pension plans and
benefits EUR 2,607,569.38
Total depreciation
EUR 2,648,001.14
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 2,648,001.14
Other operating expenses
EUR 11,019,612.64
Operating result from continuing
operations
EUR 10,978,221.10
Interest result (+/-)
EUR -1,219,288.80
Interest and similar income
EUR 31,543.18
Interest and similar expenses
EUR 1,250,831.98
thereof paid to related companies
EUR 401,966.38
Financial result (+/-)
EUR -1,219,288.80
Result from ordinary operations (+/-)
EUR 9,758,932.30
Extraordinary income
EUR 31,288.00
Extraordinary result (+/-)
EUR 31,288.00
Income tax / refund of income tax (+/-)EUR -2,735,794.54
Other taxes / refund of taxes
EUR -30,428.27
Tax (+/-)
EUR -2,766,222.81
Annual surplus / annual deficit
EUR 7,023,997.49
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.99 |
|
|
1 |
Rs.104.61 |
|
Euro |
1 |
Rs.86.17 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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.