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Report Date : |
09.05.2014 |
IDENTIFICATION DETAILS
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Name : |
WILHELM SANDER FERTIGUNG GMBH |
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Registered Office : |
Zum Panrepel 41, D 28307 Bremen |
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Country : |
Germany |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
28.11.1983 |
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Com. Reg. No.: |
HRB 9877 HB |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Engaged
in Production & sales of
Valves, Actuators and Remote Control systems
for shipbuilding, offshore and Industry. Manufacturer of taps
and valves Wholesaler of other
machinery |
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|
|
|
No of Employees : |
41 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 – 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 |
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Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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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 |
Wilhelm Sander Fertigung GmbH
Zum Panrepel 41
D 28307 Bremen
Telephone: 0421/48603-0
Telefax: 0421/48603-89
Homepage: www.sander-fertigung.de
E-mail: info@sander-fertigung.de
DE811251444
71 589 02812
active
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 28.11.1983
Shareholders'
agreement: 28.11.1983
Registered on: 03.01.1984
Commercial Register: Local
court 28195 Bremen
under: HRB 9877 HB
Share capital:
EUR 1,380,500.00
Baryon AB
Kullgardsvagen 31
S 234 Laholm
Legal form: Other legal form
Share: EUR 1,380,500.00
Jan Olof Peter Eriksson
S Göteborg
having sole power of representation
born: 02.07.1953
Nationality: Swedish
13.03.2012 -
18.10.2013 Manager
Dan Broström
S
Kullavik
28.01.2011 -
05.03.2012 Manager
Per-Ola Nilsson
S
- Värnamo
·
Engaged
in Production & sales of
Valves, Actuators and Remote Control systems
for shipbuilding, offshore and Industry.
Manufacturer of taps and valves
Wholesaler of other machinery
Payment experience: within
agreed terms
Negative information: We
have no negative information at hand.
Balance sheet year: 2012
Type of ownership: proprietor
Share: 100.00 %
Address Zum Panrepel 41
D 28307 Bremen
Land register documents were not available.
Principal bank
COMMERZBANK, 28079 BREMEN
Sort. code: 29040090, Account no.: 2855666
BIC: COBADEFF290, IBAN: DE05290400900285566600
Further banks
SVENSKA HANDELSBANKEN DEUTSCHLAND, 60598 FRANKFURT AM MAIN
Sort. code: 51420600, Account no.: 12632006
BIC: HANDDEFFXXX, IBAN: DE71514206000012632006
BANKHAUS NEELMEYER, 28074 BREMEN
Sort. code: 29020000
BIC: NEELDE22XXX
Turnover: 2012 EUR 11,000,000.00
2013 EUR 10,980,000.00
further business figures:
Equipment: *EUR 210,000.00
Ac/ts receivable: EUR 1,284,316.00
Liabilities: EUR 5,989,790.00
Total numbers of vehicles: 4
-
Passenger cars: 4
Employees:
41
-
thereof permanent staff: 34
-
Trainees:
6
-
Temporary workers:
1
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 [%]: 15.90
Liquidity ratio: 0.22
Return on total capital [%]: -11.63
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 25.03
Liquidity ratio: 0.35
Return on total capital [%]: -3.63
Balance sheet ratios 01.01.2010 -
31.12.2010
Equity ratio [%]: 40.49
Liquidity ratio: 0.30
Return on total capital [%]: -2.17
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 33.84
Liquidity ratio: 0.37
Return on total capital [%]: 11.08
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 7,604,966.99
Fixed assets
EUR 2,042,823.98
Intangible assets
EUR 158,737.98
Tangible assets
EUR 1,612,586.00
Financial assets
EUR 271,500.00
Other / unspecified financial assets EUR 271,500.00
Current assets
EUR 5,490,999.11
Stocks
EUR 4,028,122.64
Received advance payments for orders
(depreciated on the assets side)
EUR -151,622.99
Accounts receivable
EUR 1,284,315.63
Liquid means
EUR 178,560.84
Remaining other assets
EUR 71,143.90
Accruals (assets)
EUR 71,143.90
LIABILITIES EUR 7,604,966.99
Shareholders' equity
EUR 1,275,591.66
Capital
EUR 1,380,500.00
Subscribed capital (share capital)
EUR 1,380,500.00
Reserves EUR 200,000.00
Capital reserves
EUR 200,000.00
Balance sheet profit/loss (+/-)
EUR -304,908.34
Balance sheet profit / loss
EUR -304,908.34
Provisions EUR 339,585.60
Liabilities
EUR 5,989,789.73
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 8,534,438.86
Fixed assets
EUR 1,996,861.00
Intangible assets
EUR 40,613.00
Other / unspecified intangible assetsEUR 40,613.00
Tangible assets
EUR 1,684,748.00
Other / unspecified tangible assets
EUR 1,684,748.00
Financial assets
EUR 271,500.00
Other / unspecified financial assets EUR 271,500.00
Current
assets EUR 6,453,175.42
Stocks
EUR 4,264,305.61
Other / unspecified stocks
EUR 4,264,305.61
Received advance payments for orders
(depreciated on the assets side)
EUR -180,116.73
Accounts receivable
EUR 2,015,731.26
Other debtors and assets
EUR 2,015,731.26
Liquid means
EUR 173,138.55
Remaining other assets
EUR 84,402.44
Accruals (assets)
EUR 84,402.44
LIABILITIES EUR 8,534,438.86
Shareholders' equity
EUR 2,150,992.87
Capital
EUR 1,380,500.00
Subscribed capital (share capital)
EUR 1,380,500.00
Reserves
EUR 200,000.00
Capital reserves
EUR 200,000.00
Balance sheet profit/loss (+/-)
EUR 570,492.87
Balance sheet profit / loss
EUR 570,492.87
Provisions
EUR 517,079.00
Liabilities
EUR 5,866,366.99
Other liabilities
EUR 5,866,366.99
Unspecified other liabilities
EUR 5,866,366.99
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.99 |
|
UK Pound |
1 |
Rs.101.75 |
|
Euro |
1 |
Rs.83.48 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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|
|
|
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 |
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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.