|
Report Date : |
30.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
SCHNIEWINDT
GMBH & CO. KG |
|
|
|
|
Registered Office : |
Schöntaler
Weg 46 D 58809 Neuenrade |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
30.06.2012 |
|
|
|
|
Date of Incorporation : |
01.01.1829 |
|
|
|
|
Legal Form : |
Ltd Partnership |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employees : |
177 |
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 : |
Slow but correct |
|
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 |
SCHNIEWINDT GMBH & CO. KG
Company Status: active
Schöntaler Weg 46
D 58809 Neuenrade
Telephone:02392/6920
Telefax: 02392/69211
Homepage: www.schniewindt.de
E-mail: info@schniewindt.de
VAT no.: DE123844848
Business relations are permissible.
LEGAL FORM Ltd
partnership with priv. ltd. company as
general partner
Date of foundation: 01.01.1829
Begin of business
activities: 26.07.1937
Registered on: 25.08.1923
Register of
companies: Local
court 58636 Iserlohn
under: HRA
3644
Total cap. contribution: EUR 3,000,000.00
Limited partner:
Dr. Sarah Eliza
Schniewindt
Am Semberg 26
D 58809 Neuenrade
born: 30.12.1970
Share: EUR 1,549,785.00
Limited partner:
SES GmbH & Co. KG
Am Semberg 26
D 58809 Neuenrade
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR 100,000.00
contribution:
Share: EUR 817,522.00
Registered on: 10.10.2007
Reg. data: 58636
Iserlohn, HRA 4354
Limited partner:
Beate Herpell
D 47798 Krefeld
born: 29.07.1931
Share: EUR 214,387.00
Limited partner:
Gabriele Herpell
D 80331 München
born: 26.06.1959
Share: EUR 107,193.00
Limited partner:
Dr. Uwe Brandt
D 58809 Neuenrade
born: 14.07.1941
Share: EUR 88,890.00
Limited partner:
Dr. Christoph Köper
D 73479 Ellwangen
born: 08.11.1957
Share: EUR 55,556.00
Limited partner:
Johannes Wilhelm Georg
Köper
D 28195 Bremen
born: 08.02.1953
Share: EUR 55,556.00
Limited partner:
Ingrid Puhlmann
D 40210 Düsseldorf
born: 09.08.1937
née: Schniewindt
Share: EUR 37,037.00
Limited partner:
Annegret Kreitz
D 41564 Kaarst
born: 16.06.1944
Share: EUR 37,037.00
Limited partner:
Gisela Buhl
D 25451 Quickborn
born: 15.08.1944
Share: EUR 37,037.00
General partner:
SW
Verwaltungsgesellschaft mbH
Schöntaler Weg 46
D 58809 Neuenrade
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered on: 01.07.2004
Reg. data: 58636
Iserlohn, HRB 5662
Shareholder:
Schniewindt GmbH &
Co. KG
Schöntaler Weg 46
D 58809 Neuenrade
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR 3,000,000.00
contribution:
Share: EUR 25,000.00
Registered on: 25.08.1923
Reg. data: 58636
Iserlohn, HRA 3644
Manager:
Dr. Sarah Eliza
Schniewindt
Am Semberg 26
D 58809 Neuenrade
having sole power of
representation
born: 30.12.1970
Profession: Manager
Proxy:
Gerhard Barth
Walburgisstr. 20
D 58706 Menden
authorized to jointly
represent the company
born: 05.04.1958
Proxy:
Peter Graeve
D 58809 Neuenrade
authorized to jointly represent the company
born: 04.09.1959
Proxy:
Bernfried Kircher
Erlenstr. 8
D 58802 Balve
authorized to jointly represent
the company
born: 27.05.1952
Proxy:
Dr. Karl Ludwig Kaluza
D 58809 Neuenrade
authorized to jointly
represent the company
born: 22.11.1957
Member of the Advisory Board
Dr. Uwe Brandt
D 58809 Neuenrade
Member of the Advisory Board
Gunter Friebe
D 58809 Neuenrade
Member of the Advisory Board
Michael Hoppe
D 58809 Neuenrade
Member of the Advisory Board
Prof. Dr. Ing. Detlev
Patzwald
D 58809 Neuenrade
1932 - 1932 Schniewindt KG
D 58809 Neuenrade
Ltd partnership with priv. ltd.
company
as general partner
Main industrial sector
2611
Manufacture of electronic components
27110 Manufacture of electric motors, generators
and transformators
46520 Wholesale of electronic and
telecommunications equipment and parts
Shareholder:
SW
Verwaltungsgesellschaft mbH
Schöntaler Weg 46
D 58809 Neuenrade
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 01.07.2004
Local court
58636 Iserlohn
HRB 5662
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Type of ownership: proprietor
Share: 100.00 %
Address Schöntaler Weg 46
D 58809 Neuenrade
Real Estate of: SW Verwaltungsgesellschaft mbH
Type of ownership: Tenant
Address Schöntaler Weg 46
D 58809 Neuenrade
Land register documents were not available.
VEREINIGTE SPARKASSE IM MÄRKISCHEN KREIS, 58797
BALVE
Sort. code: 45851020
BIC: WELADED1PLB
COMMERZBANK, 58463 LÜDENSCHEID
Sort. code: 45840026
BIC: COBADEFFXXX
NATIONAL-BANK ESSEN, 45027 ESSEN, RUHR
Sort. code: 36020030
BIC: NBAGDE3EXXX
Gross profit or
loss:2011/2012 EUR 13,797,855.00
Profit: 2011/2012 EUR 1,341,718.00
Equipment: EUR 914,042.00
Ac/ts receivable: EUR 4,668,652.00
Liabilities: EUR 7,055,363.00
Employees:
177
- Part-time employees: 14
- Trainees:
7
- Temporary workers: 26
Balance sheet ratios
01.07.2011 - 30.06.2012
Equity ratio [%]: 67.52
Liquidity ratio: 1.08
Return on total capital
[%]: 7.73
Balance sheet ratios
01.07.2010 - 30.06.2011
Equity ratio [%]: 60.41
Liquidity ratio: 0.82
Return on total capital
[%]: 8.39
Balance sheet ratios
01.07.2009 - 30.06.2010
Equity ratio [%]: 31.24
Liquidity ratio: 0.68
Return on total capital
[%]: 6.83
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: 01.07.2011 - 30.06.2012
ASSETS EUR 17,495,775.85
Fixed assets EUR 6,999,076.44
Intangible assets EUR 270,013.92
Other / unspecified
intangible assetsEUR
270,013.92
Tangible assets EUR 4,453,101.83
Land / similar
rights EUR 2,520,966.99
Plant / machinery EUR 588,996.13
Other tangible assets /
fixtures and
fittings EUR 914,042.49
Advance payments made /
construction
in progress EUR 429,096.22
Financial assets EUR 2,275,960.69
Shares in participations
/
subsidiaries and the
like EUR 1,355,960.69
Shares in investee
companies EUR 1,355,960.69
Other loans EUR 920,000.00
Current assets EUR 10,414,963.36
Stocks EUR 5,447,396.89
Other / unspecified
stocks EUR 6,369,412.77
Minus received advance
payments for
orders / installments
for stocks EUR -922,015.88
Accounts receivable EUR 4,668,651.54
Liquid means EUR 298,914.93
Remaining other
assets EUR 81,736.05
Accruals (assets) EUR 81,736.05
LIABILITIES EUR 17,495,775.85
Shareholders' equity EUR 3,686,148.00
Capital EUR 1,022,583.76
Limited partner's
capital / capital
of partially liable
partner (LP) EUR 1,022,583.76
Limited partner's capital, fixed
capital, capital
account I EUR 1,022,583.76
Reserves EUR 1,469,347.73
Retained earnings /
revenue reserves EUR
1,469,347.73
Balance sheet profit/loss
(+/-) EUR 1,194,216.51
Annual surplus / annual
deficit EUR 1,194,216.51
Items between
shareholders' equity and
debt capital EUR 5,720,669.26
Mezzanine financing EUR 5,720,669.26
Shareholder loans
similar to capital EUR
5,720,669.26
Provisions EUR 1,033,595.81
Other / unspecified
provisions EUR 1,033,595.81
Liabilities EUR 7,055,362.78
Other liabilities EUR 7,055,362.78
Unspecified other
liabilities EUR 7,055,362.78
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Gross result (+/-) EUR 13,797,855.09
Staff expenses EUR 7,961,222.66
Wages and salaries EUR 6,631,284.36
Social security
contributions and
expenses for pension
plans and
benefits EUR 1,329,938.30
Total depreciation EUR 482,727.06
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 482,727.06
Other operating expenses EUR 3,057,815.56
Operating result from
continuing
operations EUR 2,296,089.81
Interest result (+/-) EUR -564,880.21
Interest and similar
income EUR 68,069.25
Interest and similar
expenses EUR 632,949.46
Financial result
(+/-) EUR -564,880.21
Result from ordinary
operations (+/-) EUR 1,731,209.60
Expenses for transfer of
profits to a
parent company EUR 147,500.98
Income tax / refund of
income tax (+/-)EUR -361,213.95
Other taxes / refund of
taxes EUR -28,278.16
Tax (+/-) EUR -389,492.11
Annual surplus / annual
deficit EUR 1,194,216.51
TYPE OF BALANCE SHEET: COMPANY BALANCE SHEET
FINANCIAL YEAR: 01.07.2010 - 30.06.2011
ASSETS EUR 14,580,769.55
Fixed assets EUR 6,833,749.18
Intangible assets EUR 278,855.41
Other / unspecified
intangible assetsEUR
278,855.41
Tangible assets EUR
4,278,933.08
Land / similar
rights EUR 2,604,378.57
Plant / machinery EUR 589,006.13
Other tangible assets /
fixtures and
fittings EUR 762,403.27
Advance payments made /
construction
in progress EUR 323,145.11
Financial assets EUR 2,275,960.69
Shares in participations
/
subsidiaries and the
like EUR
1,355,960.69
Shares in investee
companies EUR 1,355,960.69
Other loans EUR 920,000.00
Current assets EUR 7,656,820.53
Stocks EUR 5,100,789.57
Other / unspecified
stocks EUR 5,857,886.83
Minus received advance
payments for
orders / installments
for stocks EUR -757,097.26
Accounts receivable EUR
2,270,130.15
Other debtors and
assets EUR 2,270,130.15
Liquid means EUR 285,900.81
Remaining other
assets EUR 90,199.84
Accruals (assets) EUR 90,199.84
LIABILITIES EUR 14,580,769.55
Shareholders' equity EUR 3,464,493.06
Capital EUR 1,022,583.76
Limited partner's
capital / capital
of partially liable
partner (LP) EUR 1,022,583.76
Limited partner's capital, fixed
capital, capital
account I EUR 1,022,583.76
Reserves EUR 1,276,627.73
Retained earnings /
revenue reserves EUR
1,276,627.73
Balance sheet profit/loss
(+/-) EUR 1,165,281.57
Annual surplus / annual
deficit EUR 1,165,281.57
Items between
shareholders' equity and
debt capital EUR 5,085,938.52
Mezzanine financing EUR 5,085,938.52
Contributions for
capital increase EUR 3,519,438.52
Contributions of silent
partners EUR 1,566,500.00
Provisions EUR 1,095,234.40
Other / unspecified
provisions EUR 1,095,234.40
Liabilities EUR 4,935,103.57
Financial debts EUR 3,411,318.51
Liabilities due to
banks EUR 3,411,318.51
Other liabilities EUR 1,523,785.06
Unspecified other
liabilities EUR 1,523,785.06
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Gross result (+/-) EUR 13,060,262.57
Staff expenses EUR 7,387,660.57
Wages and salaries EUR 6,190,789.48
Social security
contributions and
expenses for pension
plans and
benefits EUR 1,196,871.09
Total depreciation EUR 431,790.34
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 431,790.34
Other operating
expenses EUR 3,182,213.75
Operating result from
continuing
operations EUR 2,058,597.91
Interest result (+/-) EUR -570,733.06
Interest and similar
income EUR 66,963.89
Interest and similar
expenses EUR 637,696.95
Financial result
(+/-) EUR
-570,733.06
Result from ordinary
operations (+/-) EUR 1,487,864.85
Expenses for transfer of
profits to a
parent company EUR 46,400.00
Income tax / refund of
income tax (+/-)EUR -251,070.92
Other taxes / refund of
taxes EUR -25,112.36
Tax (+/-) EUR -276,183.28
Annual surplus / annual
deficit EUR 1,165,281.57
Inconsistent balance sheets:
Financial year published on
01.07.2012 - 30.06.2013 21.10.2014
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.31 |
|
|
1 |
Rs.99.00 |
|
Euro |
1 |
Rs.78.14 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIS |
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.