|
Report Date : |
14.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
S + S SEPARATION AND SORTING TECHNOLOGY
GMBH |
|
|
|
|
Registered Office : |
Regener Str. 130, D 94513 Schönberg |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Year of Establishment : |
1976 |
|
|
|
|
Com. Reg. No.: |
HRB 3163 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Manufacture of other electric equipment n.e.c. |
|
|
|
|
No. of Employees : |
270 |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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, 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 |
S
+ S Separation and Sorting Technology GmbH
Company Status: active
Regener Str. 130
D 94513 Schönberg
Telephone:08554/308-0
Telefax: 08554/2606
Homepage: www.se-so-tec.com
E-mail: webcontact@sensotec.com
DE811512577
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1976
Shareholders'
agreement: 01.04.1993
Registered on: 23.04.1993
Commercial Register: Local court 94032 Passau
under: HRB
3163
EUR 104,000.00
Shareholder:
Sesotec Holding GmbH
& Co. KG
Gabriel-von-Seidl-Str. 23
D 82031 Grünwald
Legal form: Ltd partnership
with priv. ltd.
company as general
partner
Total cap. EUR 25,000.00
contribution:
Share: EUR 83,200.00
Registered on:
21.02.2011
Reg. data: 80333 München,
HRA 96821
Shareholder:
Sesotec Management GmbH
Gabriel-von-Seidl-Str. 23
D 82031 Grünwald
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 20,800.00
Registered on: 19.11.2013
Reg. data: 80333 München,
HRB 208492
Manager:
Franz-Xaver Auer
Schärdinger Str. 42
D 94032 Passau
authorized to jointly
represent the company
born: 15.07.1971
Manager:
Peter Mayer
Weidenweg
D 94209 Regen
authorized to jointly
represent the company
born: 12.10.1967
Proxy:
Bernd Meierl
Schlesierstr. 13
D 94060 Pocking
authorized to jointly
represent the company
born: 26.02.1972
Further functions/participations of
Franz-Xaver Auer (Manager)
Shareholder:
FX GmbH
Ludwig-Ganghofer-Str. 27
D 82031 Grünwald
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 05.05.2009
Reg. data: 80333 München, HRB 179145
Shareholder:
Autohaus Auer GmbH
Wolfgang-Perger-Str. 2
D 84453 Mühldorf
Legal form: Private
limited company
Share capital: EUR 60,000.00
Share: EUR 15,000.00
Registered
on: 06.02.1981
Reg. data: 83278 Traunstein, HRB 2795
Manager:
S + S
Vermögensverwaltungs GmbH
Regener Str. 130
D 94513 Schönberg
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 23.10.1992
Reg. data: 94032 Passau, HRB 1210
Manager:
FX GmbH
Ludwig-Ganghofer-Str. 27
D 82031 Grünwald
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 05.05.2009
Reg. data: 80333 München, HRB 179145
Further functions/participations of Peter
Mayer (Manager)
Manager:
S + S
Vermögensverwaltungs GmbH
Regener Str. 130
D 94513 Schönberg
Legal form: Private
limited company
Share capital: EUR
25,564.59
Registered
on: 23.10.1992
Reg. data: 94032 Passau, HRB 1210
1976 - 26.08.1993 S + S elektronic KG für Entwicklung und
Fertigung induktiver und kapazitiver
Sensorik
Regener Str. 130
D 94513 Schönberg
Private limited
company
26.09.1993 - 12.04.2005 S + S Metallsuchgeräte und
Recyclingtechnik GmbH
Regener Str. 130
D 94513 Schönberg
Private limited
company
18.04.2006 - 19.12.2013 Manager
Helmuth Frisch
D 94513 Schönberg
18.04.2006 - 19.12.2013 Manager
Karl Maria Eibl
D 94481 Grafenau
Main industrial sector
27900
Manufacture of other electric equipment n.e.c.
46141
Agents involved in the sale of machines (except agricultural
machineryand office machinery) and industrial supplies n.e.c.
Shareholder:
KRS Recycling Systems GmbH
Hauptstr. 19b
D 94556 Neuschönau
Legal form: Private
limited company
Company Status: active
Share capital: EUR 102,258.38
Share: EUR 49,084.02
Reg. data: 10.01.1995
Local court
94032 Passau
HRB 1251
Shareholder:
S + S Vermögensverwaltungs
GmbH
Regener Str. 130
D 94513 Schönberg
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,564.59
Share: EUR 25,564.59
Reg. data: 23.10.1992
Local court
94032 Passau
HRB 1210
Shareholder:
KRS Maschinenbau GmbH
Voitschlag 14a
D 94481 Grafenau
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 12,000.00
Reg. data: 29.11.2011
Local court
94032 Passau
HRB 8388
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2013
Type of ownership: Proprietor
Share: 100.00 %
Address Regener
Str. 130
D 94513 Schönberg
Land register documents were not available.
Principal bank
RAIFFEISENBANK AM GOLDENEN STEIG, 94513
SCHÖNBERG, NIEDERBAY
Sort. code: 74061101
BIC: GENODEF1RGS
Further banks
COMMERZBANK VORMALS DRESDNER BANK, 94003
PASSAU
Sort. code: 70080000, Account no.: 0775168000
BIC: DRESDEFF700, IBAN: DE91700800000775168000
UNICREDIT BANK - HYPOVEREINSBANK, 94460
DEGGENDORF
Sort. code: 74120071, Account no.: 6435157
BIC: HYVEDEMM415, IBAN: DE60741200710006435157
Turnover: 2012 EUR 35,906,474.00
2013 EUR 37,280,405.00
Profit: 2012 EUR 3,310,075.00
2013 EUR 2,008,770.00
further business figures:
Equipment: EUR 1,899,961.00
Ac/ts receivable: EUR 9,449,723.00
Liabilities:
EUR 10,120,738.00
Real
estate of the firm:
EUR 5,108,055.00
Total numbers of vehicles: 20
Total value of vehicles: EUR 800,000.00
- Passenger
cars: EUR 800,000.00
Employees:
270
-
thereof permanent staff: 270
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 44.40
Liquidity ratio: 1.13
Return on total capital [%]: 8.31
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 54.34
Liquidity ratio: 1.80
Return on total capital [%]: 13.50
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 48.32
Liquidity ratio: 1.10
Return on total capital [%]: 11.44
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 39.90
Liquidity ratio: 0.83
Return on total capital [%]: 11.26
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: 01.01.2013
- 31.12.2013
ASSETS EUR 27,329,023.05
Fixed assets EUR 9,088,862.59
Intangible assets
EUR 589,657.01
Concessions, licences, rights
EUR 589,657.01
Tangible assets
EUR 7,285,318.64
Land / similar rights
EUR 5,108,054.54
Plant / machinery
EUR 3.02
Other tangible assets / fixtures and
fittings
EUR 1,899,961.24
Advance payments made / construction
in progress
EUR 277,299.84
Financial assets
EUR 1,213,886.94
Shares in participations /
subsidiaries and the like
EUR 795,786.94
Shares in related companies
EUR 741,605.33
Shares in investee companies
EUR 54,181.61
Loans to participations /
subsidiaries and the like
EUR 418,100.00
Loans to related companies
EUR 418,100.00
Current assets
EUR 18,133,061.75
Stocks
EUR 6,941,409.88
Raw materials, consumables and
supplies
EUR 2,435,365.00
Finished goods / work in progress
EUR 4,435,630.80
Advance payments made
EUR 70,414.08
Accounts receivable
EUR 9,449,722.85
Trade debtors
EUR 2,722,723.59
Amounts due from related companies
EUR 5,521,051.24
Amounts due from investee companies
EUR 855,035.93
Other debtors and assets
EUR 350,912.09
Liquid means
EUR 1,741,929.02
Remaining other assets
EUR 107,098.71
Accruals (assets)
EUR 107,098.71
LIABILITIES EUR 27,329,023.05
Shareholders' equity EUR 12,015,857.17
Capital
EUR 104,000.00
Subscribed capital (share capital)
EUR 104,000.00
Balance sheet profit/loss (+/-)
EUR 11,911,857.17
Profit / loss brought forward
EUR 9,903,087.61
Annual surplus / annual deficit
EUR 2,008,769.56
Items between shareholders' equity and
debt capital
EUR 238,206.38
Special items with reserve funds
EUR 238,206.38
Provisions
EUR 4,954,221.08
Pension provisions and comparable
provisions
EUR 804,606.66
Provisions for taxes
EUR 67,217.58
Other / unspecified provisions
EUR 4,082,396.84
Liabilities
EUR 10,120,738.42
Financial debts
EUR 6,703,107.28
Liabilities due to banks EUR 6,703,107.28
Other liabilities
EUR 3,417,631.14
Trade creditors (for IAS incl. bills
of exchange)
EUR 752,849.75
Liabilities from received advance
payments
EUR 2,131,547.78
Liabilities due to shareholders
EUR 0.00
Liabililties due to related companiesEUR 25,552.97
Unspecified other liabilities
EUR 507,680.64
thereof liabilities from tax /
financial authorities
EUR 392,420.51
thereof liabilities from social
security
EUR 4,603.51
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 37,280,404.60
Inventory change + own costs (+/-)
EUR 1,718,631.45
Inventory change (+/-)
EUR 859,736.58
Capitalised own costs
EUR 858,894.87
Other operating income
EUR 670,678.47
Cost of materials
EUR 14,456,771.28
Raw materials and supplies, purchased
goods EUR 13,878,967.15
Purchased services
EUR 577,804.13
Gross result (+/-)
EUR 25,212,943.24
Staff expenses
EUR 14,338,766.88
Wages and salaries
EUR 12,155,554.34
Social security contributions and
expenses for pension plans and
benefits
EUR 2,183,212.54
Total depreciation
EUR 885,110.19
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 885,110.19
Other operating expenses
EUR 6,879,629.76
Operating result from continuing
operations EUR 3,109,436.41
Result from participating interests
(+/-)
EUR 480,000.00
Expenses / income from participations EUR 480,000.00
Income from related companies
EUR 480,000.00
Interest result (+/-)
EUR -307,002.60
Interest and similar expenses
EUR 307,002.60
Other financial result
EUR -170,000.00
Depreciation on financial assets and
marketable securities
EUR 170,000.00
Financial result (+/-)
EUR 2,997.40
Result from ordinary operations (+/-)
EUR 3,112,433.81
Extraordinary expenses
EUR 261,500.00
Extraordinary result (+/-)
EUR -261,500.00
Income tax / refund of income tax (+/-)EUR -755,314.08
Other taxes / refund of taxes
EUR -86,850.17
Tax
(+/-)
EUR -842,164.25
Annual surplus / annual deficit
EUR 2,008,769.56
Type
of balance sheet: Company
balance sheet
Financial year: 01.01.2012
- 31.12.2012
ASSETS EUR 24,514,544.07
Fixed assets
EUR 7,656,686.36
Intangible assets
EUR 219,297.62
Concessions, licences, rights
EUR 219,297.62
Tangible
assets EUR 6,771,789.17
Land / similar rights
EUR 5,204,967.48
Plant / machinery
EUR 4.56
Other tangible assets / fixtures and
fittings EUR 1,552,725.25
Advance payments made / construction
in progress
EUR 14,091.88
Financial assets
EUR 665,599.57
Shares in participations /
subsidiaries and the like
EUR 665,599.57
Shares in related companies
EUR 611,417.96
Shares in investee companies
EUR 54,181.61
Current assets
EUR 16,722,771.16
Stocks
EUR 5,952,208.22
Raw materials, consumables and
supplies
EUR 2,376,314.00
Finished goods / work in progress
EUR 3,575,894.22
Accounts receivable
EUR 8,747,640.49
Trade debtors
EUR 3,239,215.88
Amounts due from related companies
EUR 5,279,611.86
Amounts due from investee companies
EUR 138,680.41
Other debtors and assets
EUR 90,132.34
Liquid means
EUR 2,022,922.45
Remaining other assets
EUR 135,086.55
Accruals (assets)
EUR 135,086.55
LIABILITIES EUR 24,514,544.07
Shareholders' equity
EUR 13,127,087.62
Capital
EUR 104,000.00
Subscribed capital (share capital)
EUR 104,000.00
Balance sheet profit/loss (+/-)
EUR 13,023,087.62
Profit / loss brought forward
EUR 9,713,012.16
Annual surplus / annual deficit
EUR 3,310,075.46
Items between shareholders' equity and
debt capital
EUR 317,907.26
Special items with reserve funds
EUR 292,350.38
Mezzanine financing
EUR 25,556.88
Contributions of silent partners
EUR 25,556.88
Provisions
EUR 4,142,444.23
Pension provisions and comparable
provisions
EUR 274,686.38
Provisions for taxes
EUR 206,782.61
Other / unspecified provisions
EUR 3,660,975.24
Liabilities
EUR 6,927,104.96
Financial debts
EUR 5,034,578.00
Liabilities due to banks
EUR 5,034,578.00
Other liabilities
EUR 1,892,526.96
Trade creditors (for IAS incl. bills
of exchange)
EUR 605,195.87
Liabilities from received advance
payments EUR 416,798.53
Liabilities due to shareholders
EUR 48,790.00
Liabililties due to related companiesEUR 25,552.97
Unspecified other liabilities
EUR 796,189.59
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 35,906,473.94
Inventory change + own costs (+/-)
EUR 543,231.19
Inventory change (+/-)
EUR -2,506.78
Capitalised own costs
EUR 545,737.97
Other operating income
EUR 1,807,305.32
Cost of materials
EUR 13,154,815.92
Raw materials and supplies, purchased
goods
EUR 12,704,434.09
Purchased services
EUR 450,381.83
Gross result (+/-)
EUR 25,102,194.53
Staff expenses
EUR 13,624,422.93
Wages and salaries
EUR 11,708,064.40
Social security contributions and
expenses for pension plans and
benefits
EUR 1,916,358.53
Total depreciation
EUR 808,089.93
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 808,089.93
Other operating expenses
EUR 6,026,811.67
Operating result from continuing
operations
EUR 4,642,870.00
Result from participating interests
(+/-)
EUR 336,000.00
Expenses / income from participations EUR 336,000.00
Income from related companies
EUR 336,000.00
Interest result (+/-)
EUR -472,947.33
Interest and similar income
EUR 4,207.12
Interest and similar expenses
EUR 477,154.45
Financial result (+/-)
EUR -136,947.33
Result from ordinary operations (+/-)
EUR 4,505,922.67
Income tax / refund of income tax (+/-)EUR -1,117,366.41
Other taxes / refund of taxes
EUR -78,480.80
Tax
(+/-)
EUR -1,195,847.21
Annual surplus / annual deficit
EUR 3,310,075.46
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.56 |
|
|
1 |
Rs.97.10 |
|
Euro |
1 |
Rs.76.61 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NIT |
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.