|
Report Date : |
28.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
RFF -
ROHR-FLANSCH- FITTING HANDELS GMBH |
|
|
|
|
Registered Office : |
Carl-Zeiss-Str.
21 D 28816 Stuhr |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
27.10.1976 |
|
|
|
|
Legal Form : |
Private
limited company |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employees |
351 |
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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, has contributed to strong growth 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 5.3% in 2013. The new German government introduced a minimum wage of $11 per hour to take effect in 2015. 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 and 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. 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 |
RFF - ROHR-FLANSCH- FITTING HANDELS
GMBH
Company Status: active
Carl-Zeiss-Str. 21
D 28816 Stuhr
Telephone:0421/8771-0
Telefax: 0421/8771-3000
Homepage: www.rff.de
E-mail: rff@rff.de
VAT no.: DE116634545
Tax ID number: 46/201/08765
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 27.10.1976
Shareholders'
agreement: 27.10.1976
Registered on: 01.11.1976
Commercial Register: Local court 29664
Walsrode
under: HRB 110184
Share capital: EUR 10,000,000.00
Shareholder:
Hartmut Böttche
Meisenweg 4
D 28816 Stuhr
born: 24.06.1945
Share: EUR 5,001,000.00
Shareholder:
Helga Böttche
Meisenweg 4
D 28816 Stuhr
born: 12.02.1942
née: Hartl
Share: EUR 4,999,000.00
Manager:
Hartmut Böttche
Meisenweg 4
D 28816 Stuhr
born: 24.06.1945
Profession: Businessman
Marital status: married
Proxy:
Helga Böttche
Meisenweg 4
D 28816 Stuhr
authorized to jointly
represent the company
born: 12.02.1942
née: Hartl
Marital status: married
Proxy:
Thomas Büssenschütt
D 28357 Bremen
authorized to jointly
represent the company
born: 10.10.1966
Main industrial sector
46693
Wholesale of other equipment and accessories for machinery and technical
supplies
46722 Wholesale of non-ferrous ores, metals and
metal semi-finished goods
Works:
rff - Rohr-Flansch-
Fitting Handels GmbH
Carl-Zeiss-Str. 21
D 28816 Stuhr
Branch:
rff - Rohr-Flansch-
Fitting Handels GmbH
Max-Planck-Str. 85
D 40699 Erkrath
TEL.: 02104/31086
FAX.: 02104/9386-411
Branch:
rff - Rohr-Flansch-
Fitting Handels GmbH
Gebr.-Helfmann-Str. 1
D 04824 Beucha
TEL.: 034292/85500
FAX.: 034292/85511
Branch:
rff - Rohr-Flansch-
Fitting Handels GmbH
Am Stadtpark 2
D 90409 Nürnberg
TEL.: 0911/95249-0
FAX.: 0911/95249-11
Branch:
rff - Rohr-Flansch-
Fitting Handels GmbH
Am Ullrichsberg 26
D 68309 Mannheim
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 Carl-Zeiss-Str.
21
D 28816 Stuhr
Value at selling price: EUR 2,500,000.00
Land register documents were not available.
Principal bank
KREISSPARKASSE SYKE, 28808 STUHR
Sort. code: 29151700
BIC: BRLADE21SYK
Turnover: 2012 EUR 120,541,299.00
2013 EUR 121,000,000.00
Profit: 2012 EUR 5,553,555.00
further business figures:
Equipment: EUR 9,469,782.00
Ac/ts receivable: EUR 14,215,610.00
Liabilities: EUR 44,773,340.00
Real estate of the
firm: EUR 2,500,000.00
Total numbers of
vehicles:
27
- Lorries:
11
- Passenger cars:
16
Employees:
351
- Trainees:
31
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 39.94
Liquidity ratio: 0.34
Return on total capital [%]: 1.94
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 36.03
Liquidity ratio: 0.32
Return on total capital [%]: 5.34
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 37.94
Liquidity ratio: 0.26
Return on total capital [%]: 6.49
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 37.79
Liquidity ratio: 0.26
Return on total capital [%]: 15.54
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 85,405,787.14
Fixed assets EUR 40,848,696.86
Intangible assets EUR 265,673.82
Concessions, licences,
rights EUR 265,673.82
Tangible assets EUR 40,410,997.16
Land / similar
rights EUR 30,836,765.84
Other tangible assets /
fixtures and
fittings EUR 9,469,782.32
Advance payments made /
construction
in progress EUR 104,449.00
Financial assets EUR
172,025.88
Shares in participations
/
subsidiaries and the
like EUR 12,775.48
Shares in related
companies EUR 12,775.48
Loans to participations
/
subsidiaries and the
like EUR 159,250.40
Loans to related
companies EUR 159,250.40
Current assets EUR 44,524,506.65
Stocks EUR 30,029,227.99
Finished goods / work in
progress EUR 29,116,468.04
Advance payments
made EUR 912,759.95
Accounts receivable EUR 14,215,610.00
Trade debtors EUR 12,012,425.84
Amounts due from related
companies EUR 27,403.82
Other debtors and
assets EUR 2,175,780.34
Liquid means EUR 279,668.66
Remaining other
assets EUR 32,583.63
Accruals (assets) EUR 32,583.63
LIABILITIES EUR 85,405,787.14
Shareholders' equity EUR 30,891,797.85
Capital EUR 10,000,000.00
Subscribed capital
(share capital) EUR 10,000,000.00
Balance sheet profit/loss
(+/-) EUR 20,891,797.85
Profit / loss brought
forward EUR 15,338,243.05
Annual surplus / annual
deficit EUR 5,553,554.80
Provisions EUR 9,740,629.50
Pension provisions and
comparable
provisions EUR 615,490.00
Provisions for taxes EUR 2,914,049.92
Other / unspecified
provisions EUR 6,211,089.58
Liabilities EUR 44,773,339.79
Financial debts EUR 36,184,611.96
Liabilities due to
banks EUR
36,184,611.96
Other liabilities EUR 8,588,727.83
Trade creditors (for IAS
incl. bills
of exchange) EUR 3,873,325.46
Liabilities due to
shareholders EUR 3,220,170.36
Unspecified other
liabilities EUR 1,495,232.01
thereof liabilities
from tax /
financial
authorities EUR 1,495,232.01
Difference assets /
liabilities EUR 20.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 120,541,299.42
Other operating
income EUR 988,184.64
Cost of materials EUR 79,068,381.61
Raw materials and
supplies, purchased
goods EUR 79,068,381.61
Gross result (+/-) EUR 42,461,102.45
Staff expenses EUR 16,653,779.69
Wages and salaries EUR 14,007,789.44
Social security
contributions and
expenses for pension
plans and
benefits EUR 2,645,990.25
Total depreciation EUR 2,976,836.93
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 2,976,836.93
Other operating
expenses EUR 15,154,025.00
Operating result from
continuing
operations EUR 7,676,460.83
Interest result (+/-) EUR -2,690,241.81
Interest and similar
income EUR 1,711.37
Interest and similar
expenses EUR
2,691,953.18
Financial result
(+/-) EUR -2,690,241.81
Result from ordinary
operations (+/-) EUR 4,986,219.02
Extraordinary income EUR 3,900,458.39
Extraordinary result (+/-) EUR 3,900,458.39
Income tax / refund of
income tax (+/-)EUR -3,248,188.99
Other taxes / refund of
taxes EUR -84,933.62
Tax (+/-) EUR -3,333,122.61
Annual surplus / annual
deficit EUR 5,553,554.80
TYPE OF BALANCE SHEET: COMPANY BALANCE SHEET
FINANCIAL YEAR: 01.01.2011
- 31.12.2011
ASSETS EUR 85,369,546.81
Fixed assets EUR 39,587,175.78
Intangible assets EUR 377,174.28
Concessions, licences,
rights EUR 377,174.28
Tangible assets EUR 39,037,975.62
Land / similar
rights EUR 28,366,181.85
Other tangible assets /
fixtures and
fittings EUR 10,671,793.77
Financial assets EUR 172,025.88
Shares in participations
/
subsidiaries and the
like EUR 12,775.48
Shares in related
companies EUR 12,775.48
Loans to participations
/
subsidiaries and the
like EUR 159,250.40
Loans to related
companies EUR 159,250.40
Current assets EUR 45,744,764.87
Stocks EUR 31,125,364.25
Finished goods / work in
progress EUR 31,071,846.09
Advance payments
made EUR 53,518.16
Accounts receivable EUR 14,576,392.73
Trade debtors EUR 13,589,791.24
Amounts due from related
companies EUR 25,983.40
Other debtors and
assets EUR 960,618.09
Liquid means EUR 43,007.89
Remaining other
assets EUR 37,606.16
Accruals (assets) EUR 37,606.16
LIABILITIES EUR 85,369,546.81
Shareholders' equity EUR 25,338,243.05
Capital EUR 10,000,000.00
Subscribed capital (share
capital) EUR 10,000,000.00
Balance sheet profit/loss
(+/-) EUR 15,338,243.05
Profit / loss brought
forward EUR 10,779,485.64
Annual surplus / annual
deficit EUR 4,558,757.41
Provisions EUR 8,448,851.45
Pension provisions and
comparable
provisions EUR 627,543.00
Provisions for taxes EUR 2,939,384.96
Other / unspecified
provisions EUR 4,881,923.49
Liabilities EUR 51,582,452.31
Financial debts EUR 38,116,914.68
Liabilities due to
banks EUR 38,116,914.68
Other liabilities EUR 13,465,537.63
Trade creditors (for IAS
incl. bills
of exchange) EUR 7,142,548.81
Liabilities due to
shareholders EUR 5,417,720.79
Unspecified other
liabilities EUR 905,268.03
thereof liabilities
from tax /
financial
authorities EUR 813,633.77
Guarantees and other
commitments EUR 3,222,010.00
Guarantees /
warranties EUR 3,222,010.00
Guarantees EUR 3,046,710.96
Warranties EUR 175,299.04
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 125,714,506.69
Other operating
income EUR 2,259,702.32
Cost of materials EUR 86,215,152.83
Raw materials and
supplies, purchased
goods EUR 86,215,152.83
Gross result (+/-) EUR 41,759,056.18
Staff expenses EUR 15,202,658.35
Wages and salaries EUR 12,835,045.59
Social security
contributions and
expenses for pension
plans and
benefits EUR 2,367,612.76
Total depreciation EUR 2,789,877.41
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 2,789,877.41
Other operating
expenses EUR 14,745,731.96
Operating result from
continuing
operations EUR 9,020,788.46
Interest result (+/-) EUR -2,367,913.08
Interest and similar
income EUR 1,212.89
Interest and similar
expenses EUR 2,369,125.97
Financial result
(+/-) EUR -2,367,913.08
Result from ordinary
operations (+/-) EUR 6,652,875.38
Income tax / refund of
income tax (+/-)EUR -2,005,278.96
Other taxes / refund of
taxes EUR -88,839.01
Tax (+/-) EUR -2,094,117.97
Annual surplus / annual
deficit EUR 4,558,757.41
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.10 |
|
|
1 |
Rs.102.40 |
|
Euro |
1 |
Rs.81.88 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NIS |
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.