|
Report Date : |
29.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
ZSK STICKMASCHINEN GMBH |
|
|
|
|
Registered Office : |
Magdeburger
Str. 38-40, D 47800 Krefeld |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
28.12.1983 |
|
|
|
|
Com. Reg. No.: |
HRB 2747 |
|
|
|
|
Legal Form : |
Private
limited company |
|
|
|
|
Line of Business : |
Wholesale of machinery for the textile
industry and of sewing and knitting machines |
|
|
|
|
No. of Employees |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
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 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately 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 |
ZSK Stickmaschinen GmbH
Magdeburger
Str. 38-40
D 47800
Krefeld
Telephone: 02151/444-0
Telefax: 02151/444170
Homepage:
www.zsk.de
E-mail: zsk@zsk.de
DE120154203
117/5844/0123
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 28.12.1983
Shareholders' agreement: 28.12.1983
Registered on: 19.01.1984
Commercial Register: Local court 47798 Krefeld
under: HRB
2747
Share capital: EUR 8,000,000.00
IPM Industrie Participation
Management M.A.
Wagner GmbH
Essener Str. 10
D 46047 Oberhausen
Legal form: Private
limited company
Share capital: EUR 25,564.59
Share: EUR 8,000,000.00
Registered on: 21.02.1992
Reg. data: 47051
Duisburg, HRB 12572
Uwe Rücker
Müllerstr. 14b
D 45473 Mülheim
born: 01.02.1966
Marital status: married
Manager:
Julius Sobizack
D 45127 Essen
born: 01.12.1990
Further functions/participations of Uwe Rücker
(Manager)
Shareholder
INDU JUWEL GmbH
Essener Str. 2-24
D 46047 Oberhausen
Legal form: Private
limited company
Share
capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 15.03.2011
Reg. data: 47051 Duisburg, HRB 23245
Shareholder:
Baumann Technologie GmbH
Essener Str. 2-10
D 46047 Oberhausen
Legal form: Private
limited company
Share capital: EUR
25,053.31
Share: EUR 3,323.40
Registered
on: 14.02.1997
Reg. data: 47051 Duisburg, HRB 12959
Shareholder:
Enable-IT GmbH
Essener Str. 2-24
D 46047 Oberhausen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 2,500.00
Registered
on: 28.11.2000
Reg. data: 47051 Duisburg, HRB 13452
EASY SOLUTIONS GmbH
Essener Str. 2-24
D 46047 Oberhausen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 13.02.2001
Reg. data: 47051 Duisburg, HRB 15969
Manager:
Rudolf Flume Schmuck GmbH
Hachestr. 66
D 45127 Essen
Legal form: Private
limited company
Share
capital: EUR 1,278,229.70
Registered
on: 11.12.2002
Reg. data: 45130 Essen, HRB 16832
Manager:
Rudolf Flume Verwaltungs-GmbH
Hachestr. 66
D 45127 Essen
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 09.03.1998
Reg. data: 45130 Essen, HRB 12947
Manager:
Ritter Technologie GmbH
Essener Str. 2-24
D 46047 Oberhausen
Legal form: Private
limited company
Share capital: EUR 26,100.00
Registered
on: 09.05.1996
Reg. data: 47051 Duisburg, HRB 12882
Manager:
Rücker Consulting
GmbH
Essener Str. 2-24
D 46047 Oberhausen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 27.12.2000
Reg. data: 47051 Duisburg, HRB 15934
Manager:
Rudolf Flume Technik GmbH
Hachestr. 66
D 45127 Essen
Legal form: Private
limited company
Share capital: EUR 1,150,406.73
Registered
on: 11.02.1952
Reg. data: 45130 Essen, HRB 672
Manager:
Baumann Technologie GmbH
Essener Str. 2-10
D 46047 Oberhausen
Legal form: Private
limited company
Share capital: EUR 25,053.31
Registered
on: 14.02.1997
Reg. data: 47051 Duisburg, HRB 12959
Manager:
INDU JUWEL GmbH
Essener Str. 2-24
D 46047 Oberhausen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 15.03.2011
Reg. data: 47051 Duisburg, HRB 23245
Further
functions/participations of Julius Sobizack (Manager)
Shareholder:
INDU JUWEL GmbH
Essener Str. 2-24
D 46047 Oberhausen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 15.03.2011
Reg. data:
47051 Duisburg, HRB 23245
Manager:
Rudolf Flume Technik GmbH
Hachestr. 66
D 45127 Essen
Legal form: Private
limited company
Share capital: EUR 1,150,406.73
Registered
on: 11.02.1952
Reg. data: 45130 Essen, HRB 672
Manager:
Rudolf Flume Schmuck GmbH
Hachestr. 66
D 45127 Essen
Legal form: Private
limited company
Share capital: EUR 1,278,229.70
Registered
on: 11.12.2002
Reg.
data: 45130 Essen, HRB 16832
Manager:
Vollenbroich
Konstruktions-Beteiligungs GmbH
Essener Str. 2-24
D 46047 Oberhausen
Legal form: Private limited
company
Share capital: EUR 25,564.59
Registered
on: 15.07.1991
Reg. data: 47051 Duisburg, HRB 12535
Manager:
Rudolf Flume
Verwaltungs-GmbH
Hachestr. 66
D 45127 Essen
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 09.03.1998
Reg. data: 45130 Essen, HRB 12947
Manager:
Ritter Technologie GmbH
Essener Str. 2-24
D 46047 Oberhausen
Legal form: Private limited company
Share capital: EUR 26,100.00
Registered
on: 09.05.1996
Reg. data: 47051 Duisburg, HRB 12882
Manager:
INDU JUWEL GmbH
Essener Str. 2-24
D 46047 Oberhausen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 15.03.2011
Reg. data: 47051 Duisburg, HRB 23245
28.12.1983 - 18.09.2002 ZSK - Stickmaschinen -Gesellschaft mit
beschränkter Haftung
Magdeburger Str.
38-40
D 47800 Krefeld
Private limited
company
18.01.2011 - 27.09.2012 Manager
Wolfgang Glücks
D 45470 Mülheim
Main industrial sector
46640
Wholesale of machinery for the textile industry and of sewing and
knitting machines
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 Magdeburger Str. 38-40
D 47800 Krefeld
Type of real estate: administrative premises
Land register documents were not available.
COMMERZBANK, 47705 KREFELD
Sort. code: 32040024
BIC: COBADEFF320
COMMERZBANK VORMALS DRESDNER BANK, 47705
KREFELD
Sort. code: 32080010
BIC: DRESDEFF320
SEB, 47799 KREFELD
Sort. code: 30010111
BIC: ESSEDE5F300
WGZ BANK, 40001 DÜSSELDORF
Sort. code: 30060010
BIC: GENODEDDXXX
POSTBANK, 51222 KÖLN
Sort. code: 37010050
BIC: PBNKDEFFXXX
Gross
profit or loss:2012
EUR 3,500,739.00
Profit: 2012 EUR 33,227.00
Equipment: EUR 107,089.00
Ac/ts receivable: EUR 3,113,328.00
Liabilities: EUR 7,430,483.00
Employees:
23
-
thereof permanent staff: 9
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 16.59
Liquidity ratio: 0.57
Return on total capital [%]: 0.44
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 17.21
Liquidity ratio: 0.74
Return on total capital [%]: -20.09
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 51.74
Liquidity ratio: 0.74
Return on total capital [%]: -23.67
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 60.10
Liquidity ratio: 0.74
Return on total capital [%]: -26.49
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 7,588,139.49
Fixed assets
EUR 2,593,107.55
Intangible assets
EUR 107,681.00
Tangible assets
EUR 2,203,426.55
Land / similar rights
EUR 2,058,509.00
Plant / machinery
EUR 37,829.00
Other tangible assets / fixtures and
fittings
EUR 107,088.55
Financial assets
EUR 282,000.00
Shares in participations /
subsidiaries and the like
EUR 282,000.00
Shares in related companies
EUR 282,000.00
Current assets
EUR 4,986,957.60
Stocks EUR 1,139,933.59
Accounts receivable
EUR 3,113,328.08
Amounts due from related companies
EUR 465,721.97
Other debtors and assets
EUR 2,647,606.11
Liquid means
EUR 733,695.93
Remaining other assets
EUR 8,074.34
Accruals (assets)
EUR 5,269.65
Active difference from asset
offsetting EUR 2,804.69
LIABILITIES EUR 7,588,139.49
Shareholders' equity
EUR 103,978.41
Capital
EUR 8,000,000.00
Subscribed capital (share capital)
EUR 8,000,000.00
Reserves
EUR 6,848,132.75
Capital reserves
EUR 6,848,132.75
Balance sheet profit/loss (+/-)
EUR -14,744,154.34
Profit / loss brought forward
EUR -14,777,381.83
Annual surplus / annual deficit
EUR 33,227.49
Provisions
EUR 53,678.42
Liabilities
EUR 7,430,482.66
Financial debts
EUR 50.91
Liabilities due to banks
EUR 50.91
Other liabilities
EUR 7,430,431.75
Liabililties due to related companiesEUR 5,328,835.88
Unspecified other liabilities
EUR 2,101,595.87
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Gross result (+/-)
EUR 3,500,738.91
Staff expenses EUR 1,162,901.85
Wages and salaries
EUR 926,344.35
Social security contributions and
expenses for pension plans and
benefits
EUR 236,557.50
Total
depreciation EUR 255,490.55
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 255,490.55
Other operating expenses
EUR 1,772,743.98
Operating result from continuing
operations
EUR 309,602.53
Interest result (+/-)
EUR -248,100.83
Interest and similar income
EUR 43,401.52
Interest and similar expenses
EUR 291,502.35
thereof paid to related companies
EUR 145,838.47
Financial result (+/-)
EUR -248,100.83
Result from ordinary operations (+/-)
EUR 61,501.70
Other taxes / refund of taxes
EUR -28,274.21
Tax (+/-)
EUR -28,274.21
Annual surplus / annual deficit
EUR 33,227.49
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 7,383,252.48
Fixed assets
EUR 2,702,409.55
Intangible assets
EUR 932.00
Other / unspecified intangible assetsEUR 932.00
Tangible assets
EUR 2,419,477.55
Land / similar rights
EUR 2,222,716.00
Plant / machinery
EUR 43,299.00
Other tangible assets / fixtures and
fittings
EUR 153,462.55
Financial assets
EUR 282,000.00
Shares in participations /
subsidiaries and the like
EUR 282,000.00
Shares in related companies
EUR 282,000.00
Current assets
EUR 4,620,233.32
Stocks
EUR 185,001.66
Accounts receivable
EUR 4,231,108.95
Amounts due from related companies
EUR 254,959.75
Other debtors and assets
EUR 3,976,149.20
Liquid means
EUR 204,122.71
Remaining other assets
EUR 60,609.61
Accruals (assets)
EUR 1,552.00
Active difference from asset
offsetting
EUR 59,057.61
LIABILITIES EUR 7,383,252.48
Shareholders' equity
EUR 70,750.92
Capital
EUR 8,000,000.00
Subscribed capital (share capital)
EUR 8,000,000.00
Reserves
EUR 6,848,132.75
Capital reserves
EUR 6,848,132.75
Balance sheet profit/loss (+/-)
EUR -14,777,381.83
Profit / loss brought forward
EUR -10,597,768.58
Annual surplus / annual deficit
EUR -4,179,613.25
Provisions
EUR 166,565.58
Liabilities
EUR 7,145,935.98
Financial debts
EUR 323,472.84
Liabilities due to banks
EUR 323,472.84
Other liabilities
EUR 6,822,463.14
Liabililties due to related companiesEUR 4,429,916.47
Unspecified other liabilities
EUR 2,392,546.67
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Gross result (+/-)
EUR 3,197,226.08
Staff expenses
EUR 2,486,299.21
Wages and salaries
EUR 2,103,121.98
Social security contributions and
expenses for pension plans and
benefits
EUR 383,177.23
Total depreciation
EUR 305,125.76
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 305,125.76
Other operating expenses
EUR 1,607,193.73
Operating result from continuing
operations
EUR -1,201,392.62
Interest result (+/-)
EUR -257,109.96
Interest and similar income
EUR 40,529.62
Interest and similar expenses
EUR 297,639.58
thereof paid to related companies
EUR 129,941.40
Financial result (+/-)
EUR -257,109.96
Result from ordinary operations (+/-)
EUR -1,458,502.58
Extraordinary income
EUR 1,484,341.59
Extraordinary expenses
EUR 4,180,457.06
Extraordinary result (+/-)
EUR -2,696,115.47
Other taxes / refund of taxes
EUR -24,995.20
Tax (+/-)
EUR -24,995.20
Annual surplus / annual deficit
EUR -4,179,613.25
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.07 |
|
|
1 |
Rs.99.20 |
|
Euro |
1 |
Rs.80.53 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
PDT |
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.