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Report Date : |
21.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
ROSENFELDER KNOPFFABRIK GMBH |
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|
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Registered Office : |
Bachstr. 42, D 72348 Rosenfeld |
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Country : |
Germany |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
24.10.1955 |
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Com. Reg. No.: |
HRB 410876 |
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Legal Form : |
Private limited company |
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Line of Business : |
Manufacture of metal products n.e.c. |
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No. of Employees : |
17 |
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 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – 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 |
Rosenfelder Knopffabrik GmbH
Company Status: active
Bachstr.
42
D 72348 Rosenfel
Telephone: 07428/9393-0
Telefax:
07428/9393-43
Homepage: www.rosenfelder-knopffabrik.de
E-mail:
contact@rosenfelder-knopffabrik.de
DE811902871
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1995
Shareholders'
agreement: 24.10.1995
Registered on: 15.02.1996
Commercial Register: Local court 70190 Stuttgart
under: HRB
410876
EUR 26,000.00
Shareholder:
Ingo Kotz
Grangärtenweg 10
D 72348 Rosenfeld
born:
19.01.1975
Share: EUR 13,000.00
Shareholder:
Benno
Siegel
Goethestr.
9
D
72189 Vöhringen
Share: EUR 13,000.00
Manager:
Ingo Kotz
Grangärtenweg 10
D 72348 Rosenfeld
having sole power of
representation
born:
19.01.1975
Manager:
Benno Siegel
Goethestr. 9
D 72189 Vöhringen
having sole power of representation
born:
26.01.1962
Main industrial sector
25993
Manufacture of metal
products n.e.c.
3299
Other manufacturing
n.e.c.
46495
Wholesale of
nonelectric domestic appliances, metal and other household goods n.e.c.
Payment
experience: within agreed terms
Negative information: We have no negative information at hand.
Type of ownership: proprietor
Share: 100.00 %
Address Bachstr. 42
D 72348
Rosenfeld
Land register documents were not available.
Principal bank
VOLKSBANK ROTTWEIL, 78618 ROTTWEIL
Sort. code: 64290120
BIC: GENODES1VRW
Further bank
SPARKASSE ZOLLERNALB, 72348 ROSENFELD, WÜRTT
Sort.
code: 65351260
BIC: SOLADES1BAL
Turnover: 2012 EUR 1,500,000.00
2013
EUR 2,000,000.00
Expected turnover: EUR
2,000,000.00
Profit: 2012 EUR 134,951.00
further business figures:
Equipment: *EUR 130,000.00
Ac/ts receivable: EUR
336,627.00
Liabilities: EUR
294,453.00
Employees: 17
-
Temporary workers: 3
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 [%]: 36.03
Liquidity ratio: 1.59
Return on total capital [%]: 19.96
Balance sheet ratios 01.01.2011 -
31.12.2011
Equity ratio [%]: 24.51
Liquidity ratio: 0.71
Return on total capital [%]: 5.94
Balance sheet ratios 01.01.2010 -
31.12.2010
Equity ratio [%]: 20.68
Liquidity ratio: 0.82
Return on total capital [%]: 4.29
Balance sheet ratios 01.01.2009 -
31.12.2009
Equity ratio [%]: 26.29
Liquidity ratio: 0.78
Return
on total capital [%]: -41.98
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
675,978.30
Fixed assets EUR 50,379.36
Intangible assets EUR 70.00
Tangible assets EUR 50,309.36
Current assets EUR 611,978.94
Stocks EUR 192,104.00
Accounts receivable EUR
336,627.23
Liquid means EUR 83,247.71
Remaining other assets EUR 13,620.00
Accruals (assets) EUR 13,620.00
LIABILITIES EUR 675,978.30
Shareholders' equity EUR 243,576.02
Capital EUR 26,000.00
Subscribed capital (share capital) EUR 26,000.00
Balance sheet profit/loss (+/-) EUR 217,576.02
Profit / loss brought forward EUR 82,625.48
Annual surplus / annual deficit EUR 134,950.54
Provisions EUR 132,309.63
Liabilities EUR 294,452.65
Other liabilities EUR 5,640.00
Deferred taxes (not included under
provisions/liabilities) EUR 5,640.00
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR
441,701.80
Fixed assets EUR 53,799.36
Intangible assets EUR 333.00
Other / unspecified intangible assets EUR 333.00
Tangible assets EUR 53,466.36
Other / unspecified tangible assets EUR 53,466.36
Current assets EUR
375,614.69
Stocks EUR
155,866.00
Accounts receivable EUR
172,109.02
Other debtors and assets EUR 172,109.02
Liquid means EUR
47,639.67
Remaining other assets EUR 12,287.75
Accruals (assets) EUR 12,287.75
LIABILITIES EUR 441,701.80
Shareholders' equity EUR 108,407.78
Capital EUR 25,782.30
Subscribed capital (share capital) EUR 26,000.00
thereof not yet paid-up capital EUR 26,000.00
thereof called EUR 25,782.30
thereof uncalled outstanding
contributions EUR 217.70
Balance sheet profit/loss (+/-) EUR 82,625.48
Profit / loss brought forward EUR 56,384.90
Annual surplus / annual deficit EUR 26,240.58
Provisions EUR 36,756.01
Liabilities EUR 291,754.01
Other liabilities EUR
291,754.01
Unspecified other liabilities EUR 291,754.01
Other liabilities ` EUR 4,784.00
Deferred taxes (not included under
provisions/liabilities) EUC 4,784.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.10 |
|
|
1 |
Rs.97.32 |
|
Euro |
1 |
Rs.77.91 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
VNT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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.