MIRA INFORM REPORT

 

 

Report Date :

20.11.2014

 

IDENTIFICATION DETAILS

 

Name :

A. EBERLE GMBH & CO. KG

 

 

Registered Office :

Frankenstr. 160 D 90461 Nürnbergs

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

07.03.1980

 

 

Com. Reg. No.:

HRA 13236

 

 

Legal Form :

Ltd partnership with priv. ltd. company as general partner

 

 

Line of Business :

Manufacture of instruments and appliances for measuring,testing and navigation

 

 

No of Employees :

54

 

 

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

 

Company name and address

 

 A. EBERLE GMBH & CO. KG

 

 Company Status:          active

                     

Address:                       Frankenstr. 160

                                    D 90461 Nürnberg

Telephone:                    0911/628108-0

Telefax:                         0911/628108-99

Homepage:                    www.a-eberle.de

E-mail:                          info@a-eberle.de

 

 VAT no.:                      DE232253686

 

 

CONCLUSION

 

 Business relations are permissible.

 

 

LEGAL FORM          

 

Ltd partnership with priv. ltd. company as general partner

 

Date of foundation

 

07.03.1980

 

Registered on   

 

 07.10.2003

 

 Register of companies:           Local court 90402 Nürnberg

 

 under:                                      HRA 13236

 

 Total cap. contribution:                EUR             50,000.00

 

 Number of shareholders:            12

 

Shareholder total capital:              EUR             50,000.00

 

 

 General partner

 

A. Eberle Verwaltungs GmbH

Frankenstr. 160

D 90461 Nürnberg

Legal form:        Private limited company

Share capital:     EUR             25,000.00

Registered on:   07.10.2003

Reg. data:         90402 Nürnberg, HRB 20438      

 

 

Shareholder

 

Lothar Mayer

Kellerstr. 10c

D 90530 Wendelstein

born:     24.03.1950

Share:             EUR             25,000.00

 

 

Manager

 

Lothar Mayer

Kellerstr. 10c

D 90530 Wendelstein

having sole power of representation

born: 24.03.1950

Profession: Engineer

Marital status: married

 

Manager

 

Till Sybel

D 90402 Nürnberg

born: 16.02.1964

 

Manager:

Harald Straußberger

D 90762 Fürth

born: 27.09.1966

 

 

COMPANY HISTORY

 

 07.03.1980 - 06.10.2003            A. Eberle GmbH

                                                Aalener Str. 30-32

                                                D 90441 Nürnberg

                                                Private limited company‘

 

 06.10.2003 - 26.06.2012            A. Eberle GmbH & Co. KG

                                                Aalener Str. 30-32

                                                D 90441 Nürnberg

                                                Ltd partnership with priv. ltd. company

                                                as general partner

 

 

BUSINESS ACTIVITIES

 

 Main industrial sector

 26512   Manufacture of instruments and appliances for measuring, testing and navigation

 

 Secondary industrial sector

 4643    Wholesale of electrical household appliances and radio and televisiongoods

 

 

FINANCIAL INFORMATION

 

 Payment experience:  within agreed terms

 

 Negative information:We have no negative information at hand.

 

 

REAL ESTATE

 

 Type of ownership:        Tenant

 Address                       Frankenstr. 160

                                    D 90461 Nürnberg

 

 Real Estate of:              A. Eberle Verwaltungs GmbH

 Type of ownership:        Tenant

 Address                       Frankenstr. 160

                                    D 90461 Nürnberg

 

 Land register documents were not available.

 

 

 BANKERS

 

 A bank connection is unknown.

 

 

FINANCIAL FIGURES

 

 Gross profit or loss:2012               EUR          9,450,716.00

 Profit:              2012               EUR          2,482,702.00

 Equipment:                             *EUR            432,000.00

 Ac/ts receivable:                       EUR          3,470,141.00

 Liabilities:                            EUR          4,907,916.00

 Total numbers of vehicles:                                      3

 Employees:                                                     54

 

 The business figures marked with an asterisk are estimates based on average values in the line of business.

 

 

BALANCE SHEETS

 

 Balance sheet ratios 01.01.2012 - 31.12.2012

 Equity ratio [%]:                 74.54

 Liquidity ratio:                  10.00

 Return on total capital [%]:      34.66

 

 Balance sheet ratios 01.01.2011 - 31.12.2011

 Equity ratio [%]:                 63.85

 Liquidity ratio:                   7.96

 Return on total capital [%]:      43.80

 

 Balance sheet ratios 01.01.2010 - 31.12.2010

 Equity ratio [%]:                 73.35

 Liquidity ratio:                  10.00

 Return on total capital [%]:      53.56

 

 Balance sheet ratios 01.01.2009 - 31.12.2009

 Equity ratio [%]:                 82.99

 Liquidity ratio:                  10.00

 Return on total capital [%]:      54.17

 

 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          7,209,338.73

  Fixed assets                           EUR            556,000.51

   Intangible assets                     EUR             94,059.00

    Other / unspecified intangible assetsEUR             94,059.00

   Tangible assets                       EUR            461,941.51

    Other / unspecified tangible assets  EUR            461,941.51

  Current assets                         EUR          6,626,511.23

   Stocks                                EUR          1,838,086.69

   Accounts receivable                   EUR          3,470,140.51

    Other debtors and assets             EUR          3,470,140.51

   Liquid means                          EUR          1,318,284.03

  Remaining other assets                 EUR             26,826.99

   Accruals (assets)                     EUR              6,603.00

   Active difference from asset

   offsetting                            EUR             20,223.99

 

 LIABILITIES                             EUR          7,209,338.73

  Shareholders' equity                   EUR          1,536,907.62

   Capital                               EUR             50,000.00

    Limited partner's capital / capital

    of partially liable partner (LP)     EUR             50,000.00

   Reserves                              EUR              1,129.19

    Capital reserves                     EUR              1,129.19

   Balance sheet profit/loss (+/-)       EUR          1,485,778.43

    Balance sheet profit / loss          EUR          1,485,778.43

  Provisions                             EUR            764,515.53

  Liabilities                            EUR          4,907,915.58

   Other liabilities                     EUR          4,907,915.58

    Unspecified other liabilities        EUR          4,907,915.58

     thereof liabilities from tax /

     financial authorities               EUR            205,564.28

     thereof liabilities from social

     security                            EUR              3,150.16

 

 PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.

 Code (HGB)

  Gross result (+/-)                     EUR          9,450,715.72

  Staff expenses                         EUR          3,582,442.21

   Wages and salaries                    EUR          3,057,594.21

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR            524,848.00

  Total depreciation                     EUR            125,728.48

  Other operating expenses               EUR          2,724,205.86

  Operating result from continuing

  operations                             EUR          3,018,339.17

  Interest result (+/-)                  EUR              4,052.01

   Interest and similar income           EUR              8,795.16

   Interest and similar expenses         EUR              4,743.15

  Financial result (+/-)                 EUR              4,052.01

  Result from ordinary operations (+/-)  EUR          3,022,391.18

  Income tax / refund of income tax (+/-)EUR           -536,964.37

  Other taxes / refund of taxes          EUR             -2,725.28

  Tax (+/-)                              EUR           -539,689.65

  Annual surplus / annual deficit        EUR          2,482,701.53

 

 Type of balance

 

 sheet:               Company balance sheet

 

 Financial year:                                                                          01.01.2011 - 31.12.2011

 

 ASSETS                                  EUR          7,538,881.21

  Fixed assets                           EUR            455,085.89

   Intangible assets                     EUR             89,119.05

    Concessions, licences, rights        EUR             89,119.05

   Tangible assets                       EUR            365,966.84

    Land / similar rights                EUR                416.68

    Plant / machinery                    EUR             37,512.00

    Other tangible assets / fixtures and

    fittings                             EUR            328,038.16

  Current assets                         EUR          7,063,402.53

   Stocks                                EUR          1,753,517.63

    Raw materials, consumables and

    supplies                             EUR            303,583.43

    Finished goods / work in progress    EUR          1,437,934.20

    Advance payments made                EUR             12,000.00

   Accounts receivable                   EUR          3,985,327.06

    Amounts due from shareholders        EUR             96,493.64

    Trade debtors                        EUR          3,734,871.01

    Other debtors and assets             EUR            153,962.41

   Liquid means                          EUR          1,324,557.84

  Remaining other assets                 EUR             20,392.79

   Accruals (assets)                     EUR              2,423.00

   Active difference from asset

   offsetting                            EUR             17,969.79

 

 LIABILITIES                             EUR          7,538,881.21

  Shareholders' equity                   EUR          2,737,631.50

   Capital                               EUR             50,000.00

    Limited partner's capital / capital

    of partially liable partner (LP)     EUR             50,000.00

   Reserves                              EUR              1,129.19

    Capital reserves                     EUR              1,129.19

   Balance sheet profit/loss (+/-)       EUR          2,686,502.31

    Balance sheet profit / loss          EUR          2,686,502.31

  Provisions                             EUR            877,355.93

   Provisions for taxes                  EUR             33,231.00

   Other / unspecified provisions        EUR            844,124.93

  Liabilities                            EUR          3,923,893.78

   Other liabilities                     EUR          3,923,893.78

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR          1,687,783.27

    Liabilities from received advance

    payments                             EUR             14,054.00

    Liabilities due to shareholders      EUR          2,110,511.05

    Unspecified other liabilities        EUR            111,545.46

     thereof liabilities from tax /

     financial authorities               EUR             37,866.54

     thereof liabilities from social

     security                            EUR              3,176.05

 

 PROFIT AND LOSS ACCOUNT

 

(cost-summary method) according to Comm.

 Code (HGB)

  Sales                                  EUR         21,415,532.45

  Inventory change + own costs (+/-)     EUR            188,510.87

   Inventory change (+/-)                EUR            188,510.87

  Other operating income                 EUR            257,417.69

  Cost of materials                      EUR         11,096,365.89

   Raw materials and supplies, purchased

   goods                                 EUR          9,562,474.66

   Purchased services                    EUR          1,533,891.23

  Gross result (+/-)                     EUR         10,765,095.12

  Staff expenses                         EUR          3,335,957.07

   Wages and salaries                    EUR          2,891,594.58

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR            444,362.49

  Total depreciation                     EUR            136,824.38

  Other operating expenses               EUR          3,354,354.93

  Operating result from continuing

  operations                             EUR          3,937,958.74

  Interest result (+/-)                  EUR             11,236.85

   Interest and similar income           EUR             15,428.05

   Interest and similar expenses         EUR              4,191.20

  Financial result (+/-)                 EUR             11,236.85

  Result from ordinary operations (+/-)  EUR          3,949,195.59

  Extraordinary expenses                 EUR             45,000.00

  Extraordinary result (+/-)             EUR            -45,000.00

  Income tax / refund of income tax (+/-)EUR           -687,299.28

  Other taxes / refund of taxes          EUR             -2,168.40

  Tax (+/-)                              EUR           -689,467.68

  Annual surplus / annual deficit        EUR          3,214,727.91

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.83

UK Pound

1

Rs.96.56

Euro

1

Rs.77.42

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

SNT

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.