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Report Date : |
10.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
RUHFUS SYSTEMHYDRAULIK GMBH |
|
|
|
|
Registered Office : |
Büdericher Str. 7, D
41460 |
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|
|
Country : |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
1907 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
· Manufacture of other general-purpose machinery · Wholesale of other machinery |
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|
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No of Employees : |
102 |
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 |
RUHFUS
SYSTEMHYDRAULIK GMBH
Company Status: active
Büdericher
Str. 7
D 41460 Neuss
Post Box:
10 12 63
Telephone:02131/914-6
Telefax: 02131/914-810
Homepage:
www.ruhfus.com
E-mail: service@ruhfus.com
VAT no.: DE120689720
LEGAL FORM Private limited company
Date of foundation: 1907
Shareholders'
agreement: 12.11.1981
Registered on: 10.12.1981
Commercial Register: Local court 41460
under: HRB 3450
Share capital:
EUR 511,291.88
Shareholder:
August Ruhfus GmbH & Co. KG
Büdericher
Str. 7
D 41460 Neuss
Legal form:
Ltd partnership with priv. ltd.
company as
general partner
Total cap. EUR 1,236,418.42
contribution:
Share: EUR 511,291.88
Registered
on: 17.05.1907
Reg. data:
41460 Neuss, HRA 2227
Manager:
Hartmut Fox
Westkapeller
Ring 29
D 45481
Mülheim
having sole
power of representation
born:
04.07.1964
Profession:
Businessman
Marital status: married
Proxy:
Uwe Helmut
Kühn
Himbeerweg 12
D 41542
Dormagen
having sole
power of representation
born:
03.08.1964
Further functions/participations of Hartmut Fox (Manager)
Manager:
Ruhfus
Verwaltungs-Gesellschaft mbH
Büdericher
Str. 7
D 41460 Neuss
Legal form:
Private limited company
Share capital: EUR 36,000.00
Registered
on: 10.12.1974
Reg.
data: 41460 Neuss, HRB 1920
COMPANY HISTORY
12.11.1981 - 23.10.1998 August Ruhfus
GmbH Federn-Hydraulik
Büdericher Str. 7
D 41460
Neuss
Private
limited company
Main industrial sector
28290 Manufacture of other
general-purpose machinery
46692 Wholesale of other
machinery
Payment experience: within agreed
terms
Negative information: We have no negative information at hand.
Type of ownership: Tenant
Address Büdericher
Str. 7
D 41460 Neuss
Real Estate of: Hartmut Fox
Type of ownership: Tenant
Address Westkapeller
Ring 29
D 45481
Mülheim
Land register documents were not available.
Principal banks
COMMERZBANK VORMALS DRESDNER BANK, 41404 NEUSS
Sort. code: 30080000
BIC: DRESDEFF300
DEUTSCHE BANK, 41404 NEUSS
Sort. code: 30070010
BIC: DEUTDEDDXXX
Further banks
COMMERZBANK, 41403 NEUSS
Sort. code: 30040000
BIC: COBADEDDXXX
POSTBANK, 51222 KÖLN
Sort. code: 37010050
BIC: PBNKDEFFXXX
SPARKASSE NEUSS, 41456 NEUSS
Sort. code: 30550000
BIC: WELADEDNXXX
Gross profit or loss: 2012 EUR 10,992,821.00
Profit: 2012 EUR 515,638.00
Ac/ts receivable:
EUR 805,720.00
Liabilities:
EUR 1,922,192.00
Employees:
102
- thereof permanent staff:
102
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]:
48.42
Liquidity ratio:
0.58
Return on total capital [%]:
10.54
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 4,966,137.41
Fixed assets EUR 744,360.45
Intangible assets EUR 149,138.44
Tangible assets EUR 178,854.01
Financial assets EUR 416,368.00
Current assets EUR 3,895,974.08
Stocks EUR 2,762,189.03
Accounts receivable EUR 805,720.31
Liquid means EUR 328,064.74
Remaining other assets EUR 325,802.88
Accruals (assets) EUR 325,802.88
LIABILITIES EUR 4,966,137.41
Shareholders' equity EUR 2,243,161.00
Capital EUR 511,291.88
Subscribed capital (share capital) EUR 511,291.88
Reserves EUR 31,387.00
Retained earnings / revenue reserves
EUR 31,387.00
Balance sheet profit/loss (+/-) EUR 1,700,482.12
Profit / loss brought forward EUR 1,184,843.87
Annual surplus / annual deficit EUR
515,638.25
Provisions EUR 800,784.40
Liabilities EUR 1,922,192.01
Other liabilities EUR 1,922,192.01
Unspecified other liabilities EUR
1,922,192.01
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Gross result (+/-) EUR 10,992,820.76
Staff expenses EUR 6,330,774.93
Wages and salaries EUR 5,297,325.42
Social security contributions and
expenses for pension plans and
benefits EUR 1,033,449.51
Total depreciation EUR 110,287.81
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 110,287.81
Other operating expenses EUR 3,596,577.02
Operating result from continuing
operations EUR 955,181.00
Interest result (+/-) EUR -88,164.52
Interest and similar income EUR 21,615.27
Interest and similar expenses EUR 109,779.79
Financial result (+/-) EUR -88,164.52
Result from ordinary operations (+/-) EUR
867,016.48
Extraordinary result (+/-) EUR -5,883.60
Income tax / refund of income tax
(+/-)EUR -323,775.34
Other taxes / refund of taxes EUR -21,719.29
Tax (+/-) EUR -345,494.63
Annual surplus / annual deficit EUR 515,638.25
Inconsistent
balance sheets:
Financial
year published on
01.01.2011
- 31.12.2011
18.12.2012
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.04 |
|
|
1 |
Rs.98.64 |
|
Euro |
1 |
Rs.77.74 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
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.