|
Report Date : |
28.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
SCHILL + SEILACHER GMBH |
|
|
|
|
Registered Office : |
Schönaicher
Str. 205, D 71032 Böblingen, Post Box: 1940, D 71009 Böblingen |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Year of Establishment : |
1877 |
|
|
|
|
Legal Form : |
Private
limited company |
|
|
|
|
Line of Business : |
·
Manufacture
of other chemical products n.e.c. ·
Wholesaler
of chemical products |
|
|
|
|
No of Employees : |
308 (Trainees - 6) |
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 (30.09.2013) |
Current Rating (01.12.2013) |
|
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 |
Schönaicher
Str. 205
D 71032
Böblingen
Post Box:
1940, D
71009 Böblingen
Telephone:07031/2820
Telefax: 07031/282160
Homepage: www.schillseilacher.de
E-mail: mail@schillseilacher.de
Active
DE813087269
Business
relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1877
Shareholders'
agreement: 27.10.2009
Registered on: 29.12.2009
Commercial Register: Local court 70190 Stuttgart
under: HRB
732272
Share capital: EUR 1,009,290.00
Shareholder:
Ingeborg Groß
Moorfleeter Str. 28
D 22113 Hamburg
born: 12.12.1931
née: Leins
Share: EUR
1,009,290.00
Manager:
Dr. Ulrich Stärk
D 19395 Plau
having sole power of
representation
born: 27.04.1945
Marital status: unknown
Proxy:
Uwe Wunderlich
Tetschener Str. 13
D 01277 Dresden
authorized to jointly
represent the company
born: 22.04.1954
Profession: Solicitor
Marital status: married
Proxy:
Jürgen Weiße
Spandauer Str. 7
D 32257 Bünde
authorized to jointly
represent the company
born: 05.05.1951
Profession: graduate
engineer
Proxy:
Hubert Wenkemann
Bleiche 65
D 74343 Sachsenheim
authorized to jointly represent
the company
born: 27.11.1943
Proxy:
Siegfried Röh
Pinneberger Str. 95b
D 22880 Wedel
authorized to jointly
represent the company
born: 08.11.1947
Further functions/participations of Dr. Ulrich
Stärk (Manager)
Manager:
Schill + Seilacher
"Struktol" GmbH
Moorfleeter Str. 28
D 22113 Hamburg
Legal form: Private limited company
Share capital: EUR 2,118,090.00
Registered
on: 04.01.2010
Reg. data: 20355 Hamburg, HRB 112163
Manager:
Schill & Seilacher
Chemie GmbH
Alt-Neundorf 13
D 01796 Pirna
Legal form: Private
limited company
Share capital: EUR 100,000.00
Registered
on: 22.10.2003
Reg. data: 01069 Dresden, HRB 22122
Manager:
Saxol
Grundstücksgesellschaft mbH
Alt-Neundorf 13
D 01796 Pirna
Legal form: Private
limited company
Share capital: EUR 100,000.00
Registered
on: 06.12.2011
Reg. data: 01069 Dresden, HRB 30655
24.02.1882 - 11.12.2000 Schill & Seilacher GmbH & Co.
Schönaicher Str. 205
D 71032 Böblingen
Ltd partnership with
priv. ltd. company
as general partner
11.12.2000 - 29.12.2009 Schill & Seilacher Aktiengesellschaft
Schönaicher Str. 205
D 71032 Böblingen
Public limited
company
Main industrial sector
2059
Manufacture of other chemical products n.e.c.
Secondary industrial sector
4675
Wholesale of chemical products
Payment experience: cash discount/within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2012
Type of ownership: Tenant
Address Schönaicher
Str. 205
D 71032 Böblingen
Land register documents were not available.
KREISSPARKASSE BÖBLINGEN, 71005 BÖBLINGEN
Sort. code: 60350130
BIC: BBKRDE6BXXX
COMMERZBANK, 70049 STUTTGART
Sort. code: 60040071
BIC: COBADEFF600
DEUTSCHE BANK, 70049 STUTTGART
Sort. code: 60070070
BIC: DEUTDESSXXX
COMMERZBANK VORMALS DRESDNER BANK, 71002
BÖBLINGEN
Sort. code: 60380002
BIC: DRESDEFF601
Turnover: 2012 EUR 173,023,372.00
Profit: 2012 EUR 6,179,050.00
Equipment: EUR 2,474,429.00
Ac/ts receivable: EUR
45,718,687.00
Liabilities: EUR 23,488,694.00
Employees: 308
- Trainees:
6
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 47.86
Liquidity ratio: 2.06
Return on total capital [%]: 9.37
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 29.21
Liquidity ratio: 0.97
Return on total capital [%]: 6.02
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 47.63
Liquidity ratio: 1.79
Return on total capital [%]: 11.42
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 41.35
Liquidity ratio: 1.74
Return on total capital [%]: 8.88
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 70,820,114.82
Fixed assets
EUR 5,420,672.95
Intangible
assets EUR 62,459.38
Tangible assets
EUR 5,309,979.33
Land / similar rights
EUR 46,722.00
Plant / machinery
EUR 1,198,251.69
Other tangible assets / fixtures and
fittings
EUR 2,474,429.07
Advance payments made / construction
in progress
EUR 1,590,576.57
Financial assets EUR 48,234.24
Shares in participations /
subsidiaries and the like
EUR 48,234.24
Shares in investee companies
EUR 48,234.24
Current assets
EUR 65,375,656.09
Stocks
EUR 15,999,523.75
Raw materials, consumables and
supplies
EUR 6,704,372.34
Finished goods / work in progress
EUR 9,295,151.41
Accounts receivable
EUR 45,718,687.02
Trade debtors
EUR 24,628,269.27
Other debtors and assets
EUR 21,090,417.75
Liquid means
EUR 3,657,445.32
Remaining other assets
EUR 23,785.78
Accruals (assets)
EUR 23,785.78
LIABILITIES EUR 70,820,114.82
Shareholders' equity
EUR 36,449,356.80
Capital
EUR 1,009,290.00
Subscribed capital (share capital)
EUR 1,009,290.00
Reserves
EUR 469,102.00
Retained earnings / revenue reserves EUR 469,102.00
Balance sheet profit/loss (+/-)
EUR 34,970,964.80
Balance sheet profit / loss
EUR 34,970,964.80
Provisions
EUR 10,882,064.34
Pension provisions and comparable
provisions
EUR 4,116,496.00
Provisions for taxes
EUR 2,988,835.25
Other / unspecified provisions
EUR 3,776,733.09
Liabilities
EUR 23,488,693.68
Financial debts
EUR 12,916,171.40
Liabilities due to banks
EUR 12,916,171.40
Other liabilities
EUR 10,572,522.28
Trade creditors (for IAS incl. bills
of exchange)
EUR 7,498,259.81
Liabilities from received advance
payments
EUR 242,895.61
Unspecified other liabilities
EUR 2,831,366.86
thereof liabilities from tax /
financial authorities
EUR 688,263.07
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 173,023,371.59
Inventory change + own costs (+/-)
EUR 287,439.20
Inventory change (+/-)
EUR 287,439.20
Other operating income
EUR 894,100.83
Cost of materials
EUR 111,149,103.77
Raw
materials and supplies, purchased
goods
EUR 105,197,551.55
Purchased services
EUR 5,951,552.22
Gross result (+/-)
EUR 63,055,807.85
Staff expenses EUR 20,718,013.88
Wages and salaries
EUR 17,517,810.89
Social security contributions and
expenses for pension plans and
benefits
EUR 3,200,202.99
Total depreciation EUR 1,054,688.93
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,054,688.93
Other operating expenses
EUR 31,787,797.66
Operating result from continuing
operations
EUR 9,495,307.38
Interest result (+/-)
EUR -347,934.53
Interest and similar income
EUR 408,703.80
Interest and similar expenses
EUR 756,638.33
Financial result (+/-)
EUR -347,934.53
Result from ordinary operations (+/-)
EUR 9,147,372.85
Income tax / refund of income tax (+/-)EUR -2,956,204.38
Other taxes / refund of taxes
EUR -12,118.32
Tax (+/-)
EUR -2,968,322.70
Annual surplus / annual deficit
EUR 6,179,050.15
Type of balance sheet: Company
balance sheet
Financial year: 01.01.2011
- 31.12.2011
ASSETS EUR 60,033,905.22
Fixed assets EUR 4,588,441.26
Intangible assets EUR 26,676.87
Concessions, licences,
rights EUR 26,676.87
Tangible assets EUR 4,513,530.15
Land / similar
rights EUR 40,367.00
Plant / machinery EUR 1,315,558.67
Other tangible assets /
fixtures and
fittings EUR 2,607,884.27
Advance payments made /
construction
in progress EUR 549,720.21
Financial assets EUR 48,234.24
Shares in participations
/
subsidiaries and the
like EUR 48,234.24
Shares in investee
companies EUR 48,234.24
Current assets EUR 55,441,777.84
Stocks EUR 15,842,458.00
Raw materials,
consumables and
supplies EUR 6,964,946.56
Finished goods / work in
progress EUR 8,877,511.44
Accounts receivable EUR 37,983,558.48
Trade debtors EUR 19,512,041.07
Other debtors and
assets EUR 18,471,517.41
Liquid means EUR
1,615,761.36
Remaining other
assets EUR 3,686.12
Accruals (assets) EUR 3,686.12
LIABILITIES EUR 60,033,905.22
Shareholders' equity EUR 30,270,306.65
Capital EUR 1,009,290.00
Subscribed capital
(share capital) EUR 1,009,290.00
Reserves EUR 469,102.00
Retained earnings /
revenue reserves EUR
100,929.00
Other / unspecified
reserves EUR 368,173.00
Balance sheet profit/loss
(+/-) EUR 28,791,914.65
Profit / loss brought
forward EUR 26,261,398.17
Annual surplus / annual deficit EUR 2,530,516.48
Provisions EUR 7,625,120.57
Pension provisions and
comparable
provisions EUR 3,935,432.00
Provisions for taxes EUR 979,345.53
Other / unspecified
provisions EUR 2,710,343.04
Liabilities EUR 22,138,478.00
Financial debts EUR 15,169,346.47
Liabilities due to
banks EUR 15,169,346.47
Other liabilities EUR 6,969,131.53
Trade creditors (for IAS
incl. bills
of exchange) EUR 6,405,143.71
Liabilities from received
advance
payments EUR 450,365.50
Unspecified other
liabilities EUR 113,622.32
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 156,230,338.72
Inventory change + own
costs (+/-) EUR -478,015.60
Inventory change
(+/-) EUR -478,015.60
Other operating
income EUR 1,145,574.59
Cost of materials EUR 103,420,880.42
Raw materials and
supplies, purchased
goods EUR 97,146,914.80
Purchased services EUR 6,273,965.62
Gross result (+/-) EUR 53,477,017.29
Staff expenses EUR 18,373,000.94
Wages and salaries EUR 15,650,795.24
Social security
contributions and
expenses for pension
plans and
benefits EUR 2,722,205.70
Total depreciation EUR 1,089,761.92
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 1,089,761.92
Other operating
expenses EUR 30,077,576.65
Operating result from
continuing
operations EUR 3,936,677.78
Interest result (+/-) EUR -481,807.08
Interest and similar
income EUR 408,460.58
Interest and similar
expenses EUR 890,267.66
Financial result
(+/-) EUR -481,807.08
Result from ordinary
operations (+/-) EUR 3,454,870.70
Income tax / refund of
income tax (+/-)EUR -914,364.72
Other taxes / refund of
taxes EUR -9,989.50
Tax (+/-) EUR -924,354.22
Annual surplus / annual
deficit EUR 2,530,516.48
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 59.05 |
|
|
1 |
Rs. 99.61 |
|
Euro |
1 |
Rs. 80.60 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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 |
|
-- |
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.