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Report Date : |
06.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
SCHACHTGUSS-HT
GMBH |
|
|
|
|
Registered Office : |
Gerhard-Ellrodt-Str.
29a + b D 04249 |
|
|
|
|
Country : |
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|
|
|
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
17.04.2003 |
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|
|
|
Legal Form : |
Private
limited company |
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|
|
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Line of Business : |
Wholes
of metal and plastic goods for construction purposes |
|
|
|
|
No. of Employees |
08 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
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 |
SCHACHTGUSS-HT GMBH
Company Status: active
Gerhard-Ellrodt-Str. 29a +
b
D 04249 Leipzig
Telephone:0341/4204830
Telefax: 0341/4204832
Homepage: www.schachtguss.com
E-mail:
Info@Schachtgussgmbh.de
VAT no.: DE229916198
Tax ID number: 232/119/00415
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 2003
Shareholders'
agreement: 17.04.2003
Registered on: 25.06.2003
Commercial Register: Local court 04275 Leipzig
under: HRB
19838
Share capital: EUR 25,000.00
Shareholder:
Peter Werner Schenderlein
Dieskaustr. 218
D 04249 Leipzig
born: 02.05.1943
Share: EUR 20,000.00
Shareholder:
Bernd Zeisler
Stockmannstr. 7
D 04179 Leipzig
born: 26.09.1952
Share: EUR 5,000.00
Manager:
Peter Werner Schenderlein
Dieskaustr. 218
D 04249 Leipzig
having sole power of
representation
born: 02.05.1943
Marital status: married
Proxy:
Rainer Naumann
Eintracht 11
D 04703 Leisnig
authorized to jointly represent
the company
born: 14.03.1963
Profession: Toolmaker
Marital status: married
Proxy:
Tatjana Schenderlein
Dieskaustr. 218
D 04249 Leipzig
authorized to jointly
represent the company
born: 09.08.1954 in
Moskau
Marital status: married
17.04.2003 - 17.09.2003 SCHACHTGUSS-HYDRO-TOP GmbH
Dieskaustr. 218
D 04249 Leipzig
Private limited
company
17.09.2003 - 31.05.2006 SCHACHTGUSS-HT GmbH
Dieskaustr. 218
D 04249 Leipzig
Private limited
company
Main industrial sector
25993
Manufacture of metal products n.e.c.
Secondary industrial sector
46743
Wholes of metal and plastic goods for construction purposes
Payment
experience: within agreed terms
Negative information:We have no negative
information at hand.
BALANCE SHEET YEAR: 2012
Type of ownership: Tenant
Address Gerhard-Ellrodt-Str.
29a + b
D 04249 Leipzig
Land register documents were not available.
DEUTSCHE BANK PRIVAT UND GESCHÄFTSKUNDEN,
04083 LEIPZIG
Sort. code: 86070024, Account no.: 2553535
BIC: DEUTDEDBLEG, IBAN: DE24860700240255353500
Turnover: 2012 EUR 6,000,000.00
2013 EUR 6,000,000.00
further business figures:
Ac/ts receivable: EUR 275,057.00
Liabilities: EUR 1,076,646.00
Employees:
8
Balance sheet ratios
01.01.2012 - 31.12.2012
Equity ratio [%]: 33.12
Liquidity ratio: 0.48
Return on total capital
[%]: 7.54
Balance sheet ratios
01.01.2011 - 31.12.2011
Equity ratio [%]: 20.47
Liquidity ratio: 0.37
Return on total capital
[%]: -0.31
Balance sheet ratios
01.01.2010 - 31.12.2010
Equity ratio [%]: 21.28
Liquidity ratio: 0.46
Return on total capital
[%]: 4.59
Balance sheet ratios
01.01.2009 - 31.12.2009
Equity ratio [%]: 34.10
Liquidity ratio: 0.60
Return on total capital
[%]: 3.60
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 1,274,674.16
Fixed assets EUR 110,952.60
Intangible assets EUR 10,386.00
Tangible assets EUR 100,566.60
Current assets EUR 1,157,103.79
Stocks EUR 684,995.48
Accounts receivable EUR 275,057.17
Liquid means EUR 197,051.14
Remaining other
assets EUR 6,617.77
Accruals (assets) EUR 6,617.77
LIABILITIES EUR 1,274,674.16
Shareholders' equity EUR 116,424.89
Capital EUR 25,000.00
Subscribed capital
(share capital) EUR 25,000.00
Reserves EUR 150,000.00
Capital reserves EUR 150,000.00
Balance sheet profit/loss
(+/-) EUR -58,575.11
Profit / loss brought
forward EUR -154,322.15
Annual surplus / annual deficit EUR 95,747.04
Provisions EUR 81,602.84
Liabilities EUR 1,076,646.43
TYPE OF BALANCE SHEET: COMPANY
BALANCE SHEET
FINANCIAL YEAR: 01.01.2011 - 31.12.2011
ASSETS EUR 1,231,435.73
Fixed assets EUR 54,485.00
Intangible assets EUR 1.00
Other / unspecified
intangible assetsEUR
1.00
Tangible assets EUR 54,484.00
Other / unspecified
tangible assets EUR 54,484.00
Current assets EUR 1,172,353.80
Stocks EUR 780,510.88
Accounts receivable EUR 313,764.02
Other debtors and
assets EUR 313,764.02
Liquid means EUR 78,078.90
Remaining other
assets EUR 4,596.93
Accruals (assets) EUR 4,596.93
LIABILITIES EUR 1,231,435.73
Shareholders' equity EUR 42,419.50
Capital EUR 25,000.00
Subscribed capital
(share capital) EUR 25,000.00
Reserves EUR 150,000.00
Capital reserves EUR 150,000.00
Balance sheet profit/loss
(+/-) EUR -132,580.50
Profit / loss brought
forward EUR -128,814.54
Annual surplus / annual
deficit EUR -3,765.96
Provisions EUR 62,486.81
Liabilities EUR 1,126,529.42
Other liabilities EUR 1,126,529.42
Unspecified other
liabilities EUR 1,126,529.42
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.44 |
|
|
1 |
Rs.98.64 |
|
Euro |
1 |
Rs.78.20 |
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.