|
Report Date : |
06.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
ROTZLER GMBH + CO.KG |
|
|
|
|
Registered Office : |
Robert-Bosch-Str. 4, D 79585 Steinen |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
01.01.1919 |
|
|
|
|
Legal Form : |
Limited Partnership With Private
Limited Company as General
Partner |
|
|
|
|
Line of Business : |
Manufacture of Metal Products |
|
|
|
|
No of Employees : |
200 |
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 |
ROTZLER GMBH + CO.KG
Company Status: active
Robert-Bosch-Str. 4
D 79585 Steinen
Telephone:07627/701-0
Telefax: 07627/701-166
Homepage: www.rotzler.de
E-mail: info@rotzler.de
VAT no.: DE142380400
Business relations are
permissible.
LEGAL FORM Ltd
partnership with priv. ltd. company as general partner
Date of foundation: 01.01.1919
Registered on: 09.11.1921
Register of
companies: Local
court 79098 Freiburg
under: HRA
410126
Total cap.
contribution: EUR 3,947,173.32
Limited partner:
Engelhard Rotzler
Bahnhofstr. 10
D
79585 Steinen
born:
07.04.1933
Share: EUR 2,883,686.21
Limited partner:
Eberhard Rotzler
Neumattstr. 8
D
79585 Steinen
born:
14.12.1938
Share: EUR 925,438.30
Limited partner:
Birgit
Rotzler
Neumattstr. 8
D 79585 Steinen
Share: EUR 76,693.78
Limited partner:
Jürgen
Rotzler
Bahnhofstr. 10
D
79585 Steinen
born:
03.05.1964
Share: EUR 61,355.03
General partner:
ROTZLER Verwaltungs GmbH
Robert-Bosch-Str. 3
D
79585 Steinen
Legal
form: Private limited company
Share
capital: EUR 30,000.00
Registered on: 20.12.1976
Reg.
data: 79098 Freiburg, HRB 410619
Shareholder:
ROTZLER GMBH + CO.KG
Robert-Bosch-Str. 4
D
79585 Steinen
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 3,947,173.32
contribution:
Share: EUR 30,000.00
Registered on: 09.11.1921
Reg.
data: 79098 Freiburg, HRA 410126
Manager:
Jürgen
Rotzler
Bahnhofstr. 10
D
79585 Steinen
having
sole power of representation
born:
03.05.1964
Proxy:
Frank
Pfister
D
79364 Malterdingen
authorized to jointly
represent the company
born:
17.05.1965
Proxy:
Dr.
Bernd Gockel
D
35576 Wetzlar
authorized to jointly represent the company
born: 21.06.1964
Proxy:
Clemente Christian Silva Manchego
D
78048 Villingen-Schwenningen
authorized to jointly represent the company
born:
02.11.1968
09.11.1921 -
31.12.2009 ROTZLER GMBH + CO.KG.
Robert-Bosch-Str. 3
D
79585 Steinen
Ltd partnership with priv. ltd. company
as
general partner
Main industrial sector
25993 Manufacture of metal products n.e.c.
Works:
ROTZLER GMBH + CO.KG
Limburger Str. 37
D 65582
Diez
Branch:
ROTZLER GMBH + CO.KG
Hohleichweg 33
D
76189 Karlsruhe
TEL.:
0721/573225
Shareholder:
ROTZLER Verwaltungs GmbH
Robert-Bosch-Str. 3
D
79585 Steinen
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 30,000.00
Share: EUR 30,000.00
Reg.
data: 20.12.1976
Local court 79098 Freiburg
HRB 410619
Payment experience: cash discount/within agreed terms
Negative information:We
have no negative information at hand.
Type of ownership: proprietor
Share: 100.00 %
Address Rotzlerstr. 12
D
79585 Steinen
Type of real estate: Commercial
building
Size: 47,000.00 sq.m
Value at selling
price: EUR 3,835,000.00
Type of ownership: proprietor
Share: 100.00 %
Address Hohleichweg 33
D
76189 Karlsruhe
Size: 3,000.00 sq.m
Value at selling
price: EUR 3,835,000.00
Type of ownership: Tenant
Address Robert-Bosch-Str. 4
D
79585 Steinen
Land register documents
were not available.
Principal bank
VOLKSBANK DREILÄNDERECK,
79537 LÖRRACH
Sort. code: 68390000
BIC: VOLODE66XXX
Further banks
DEUTSCHE BANK, 79503
LÖRRACH
Sort. code: 68370034
BIC: DEUTDE6F683
COMMERZBANK VORMALS
DRESDNER BANK, 79003 FREIBURG IM BREISGAU
Sort. code: 68080030
BIC: DRESDEFF680
VOLKSBANK RHEIN-WEHRA,
79702 BAD SÄCKINGEN
Sort. code: 68490000
BIC: GENODE61BSK
BADEN-WÜRTTEMBERGISCHE
BANK, 79001 FREIBURG IM BREISGAU
Sort. code: 68020020
BIC: SOLADEST682
Turnover: 2012 EUR 32,400,505.00
2013 EUR 32,533,854.00
Expected turnover: EUR
32,600,326.00
Profit: 2013 EUR 3,772,125.00
further business figures:
Equipment: EUR 824,356.00
Ac/ts receivable: EUR
4,651,378.00
Liabilities: EUR 3,116,611.00
Total numbers of
vehicles: 2
- Passenger cars: 2
Employees:
200
- thereof permanent
staff: 166
- Trainees: 17
Balance sheet ratios 01.01.2013
- 31.12.2013
Equity ratio [%]: 64.46
Liquidity ratio: 10.00
Return on total capital
[%]: 12.72
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 29,668,470.33
Fixed assets EUR 5,769,624.90
Intangible assets
EUR 137,709.05
Concessions, licences, rights
EUR 137,709.05
Tangible assets
EUR 5,395,815.24
Land / similar rights
EUR 2,593,784.97
Plant / machinery
EUR 1,977,674.76
Other tangible assets / fixtures and
fittings
EUR 824,355.51
Advance
payments made / construction
in progress
EUR 0.00
Financial assets
EUR 236,100.61
Shares in participations /
subsidiaries and the like
EUR 236,100.61
Shares in related companies
EUR 236,100.61
Current assets
EUR 23,790,318.53
Stocks
EUR 5,232,153.21
Raw materials, consumables and
supplies
EUR 3,171,774.00
Finished goods / work in progress
EUR 2,277,026.00
Advance payments made
EUR 197,959.99
Minus received advance payments for
orders / installments for stocks
EUR -414,606.78
Accounts receivable
EUR 4,651,378.49
Amounts due from shareholders
EUR 3,155.91
Trade debtors
EUR 3,631,628.11
Amounts due from related companies
EUR 176,903.33
Other debtors and assets
EUR 839,691.14
Liquid means
EUR 13,906,786.83
Remaining other assets
EUR 108,526.90
Accruals (assets)
EUR 4,109.37
Active difference from asset
offsetting
EUR 104,417.53
LIABILITIES EUR 29,668,470.33
Shareholders' equity
EUR 19,106,586.50
Capital
EUR 4,000,000.00
Reserves
EUR 11,900,279.13
Balance sheet profit/loss (+/-)
EUR 3,206,307.37
Balance
sheet profit / loss EUR 3,206,307.37
Items between shareholders' equity and
debt capital
EUR 30,000.00
Balancing items for capitalised own
shares in cos. acting as general
partners
EUR 30,000.00
Provisions
EUR 7,415,273.00
Pension provisions and comparable
provisions
EUR 3,452,473.00
Provisions for taxes EUR 65,000.00
Other / unspecified provisions
EUR 3,897,800.00
Liabilities
EUR 3,116,610.83
Financial debts
EUR 1,070,669.00
Liabilities due to banks
EUR 1,070,669.00
Other liabilities
EUR 2,045,941.83
Trade creditors (for IAS incl. bills
of exchange)
EUR 672,538.90
Liabilities due to shareholders
EUR 19,179.00
Liabililties due to related companiesEUR 890,473.60
Unspecified other liabilities
EUR 463,750.33
thereof liabilities from tax /
financial authorities
EUR 104,406.93
thereof liabilities from social
security
EUR 15,578.48
Guarantees and other commitments
EUR 0.00
Liability from creation of a security
interest for third parties
EUR 0.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 32,533,854.18
Inventory change + own costs (+/-)
EUR -1,040,086.00
Inventory change (+/-) EUR -1,040,086.00
Other operating income
EUR 2,193,763.26
Cost of materials
EUR 13,037,924.82
Raw materials and supplies, purchased
goods EUR 11,823,608.01
Purchased services
EUR 1,214,316.81
Gross result (+/-)
EUR 20,649,606.62
Staff expenses
EUR 9,806,460.73
Wages
and salaries EUR 8,244,337.26
Social security contributions and
expenses for pension plans and
benefits
EUR 1,562,123.47
Total depreciation
EUR 887,564.95
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 887,564.95
Other operating expenses
EUR 5,448,110.07
Operating result from continuing
operations
EUR 4,507,470.87
Interest result (+/-)
EUR -147,382.14
Interest and similar income
EUR 110,174.90
Interest and similar expenses
EUR 257,557.04
Financial result (+/-)
EUR -147,382.14
Result from ordinary operations (+/-)
EUR 4,360,088.73
Income tax / refund of income tax (+/-)EUR -564,401.50
Other taxes / refund of taxes
EUR -23,561.86
Tax
(+/-)
EUR -587,963.36
Annual surplus / annual deficit
EUR 3,772,125.37
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.75 |
|
|
1 |
Rs.100.07 |
|
Euro |
1 |
Rs.77.95 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
TPT |
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.