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Report No. : |
319649 |
|
Report Date : |
28.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
SCHOPF MASCHINENBAU GMBH |
|
|
|
|
Registered Office : |
Parkstr. 19-21, D 73760 Ostfildern |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.07.2013 |
|
|
|
|
Date of Incorporation : |
1948 |
|
|
|
|
Com. Reg. No.: |
HRB 213851 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
·
Manufacture
of other general-purpose machinery ·
Wholesale of mining, construction and
civil engineering machinery ·
Sale of cars and light motor vehicles |
|
|
|
|
No. of Employees : |
144 |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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, 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 2014. The new German government introduced
a minimum wage of about $11.60 (8.50 euros) 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%. The budget was essentially in
balance in 2014. 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 plans to replace nuclear
power with renewable energy, which accounts for 34% of total energy
consumption, up from 9% in 2000. 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 |
SCHOPF MASCHINENBAU GMBH
Company
Status: active
Parkstr. 19-21
D 73760 Ostfildern
Telephone:0711/340000
Telefax:
0711/3411087
Homepage: www.schopf-gse.com
E-mail:
schopfsale@schopf-gse.com
VAT
no.: DE145959101
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 1948
Shareholders'
agreement: 12.06.1948
Registered on: 03.04.2000
Commercial Register: Local court 70190
Stuttgart
under: HRB 213851
Share capital: EUR 1,000,000.00
Shareholder:
Goldhofer Aktiengesellschaft
Donaustr. 95
D 87700 Memmingen
Post Box:
13 64
Legal form: Public
limited company
Share capital: EUR
50,000,000.00
Share: EUR 1,000,000.00
Registered on: 06.04.2000
Reg. data: 87700
Memmingen, HRB 10871
Manager:
Franz Bilmayer
D 89165 Dietenheim
having sole power of
representation
born: 22.06.1966
Marital status: married
Manager:
Hubert Schaller
D 82377 Penzberg
having sole power of
representation
born: 24.02.1966
Manager:
Thomas Kramer
D 87435 Kempten
authorized to jointly
represent the company
born: 16.01.1971
Proxy:
Michael Amann
D 87730 Bad Grönenbach
authorized to jointly
represent the company
born: 01.04.1978
Further functions/participations of Franz
Bilmayer (Manager)
Member of the Board of Directors:
Goldhofer
Aktiengesellschaft
Donaustr. 95
D 87700 Memmingen
Post Box:
13 64
Legal form: Public limited company
Share capital: EUR
50,000,000.00
Registered
on: 06.04.2000
Reg. data: 87700 Memmingen, HRB 10871
Further
functions/participations of Hubert Schaller (Manager)
Member of the Board of Directors:
Goldhofer
Aktiengesellschaft
Donaustr. 95
D 87700 Memmingen
Post Box:
13 64
Legal form: Public
limited company
Share capital: EUR
50,000,000.00
Registered
on: 06.04.2000
Reg. data: 87700 Memmingen, HRB 10871
Further functions/participations of Thomas
Kramer (Manager)
Proxy:
Goldhofer
Aktiengesellschaft
Donaustr. 95
D 87700 Memmingen
Post Box:
13 64
Legal form: Public
limited company
Share capital: EUR
50,000,000.00
Registered
on: 06.04.2000
Reg. data:
87700 Memmingen, HRB 10871
30.01.2008 - 07.07.2014 Manager
Dr. Hermann
Brüggemann
D 73765 Neuhausen
Main
industrial sector
28290
Manufacture of other general-purpose machinery
46630
Wholesale of mining, construction and civil engineering machinery
Secondary industrial sector
45110
Sale of cars and light motor vehicles
Payment experience: within periods customary in this trade
Negative information:We have no negative
information at hand.
Type of ownership: proprietor
Share: 100.00 %
Address Parkstr. 19-21
D 73760 Ostfildern
Land register documents were not available.
Principal bank
COMMERZBANK, 70049 STUTTGART
Sort. code: 60040071
BIC: COBADEFFXXX
Further banks
KREISSPARKASSE ESSLINGEN-NÜRTINGEN, 73760
OSTFILDERN
Sort.
code: 61150020, Account no.: 100043723
BIC: ESSLDE66XXX, IBAN: DE69611500200100043723
SÜDWESTBANK, 70037 STUTTGART
Sort. code: 60090700, Account no.: 659030004
BIC: SWBSDESSXXX, IBAN: DE38600907000659030004
Gross profit or loss: 2012/2013
EUR 6,348,389.00
Profit: 2012/2013 EUR -2,602,291.00
Equipment: EUR 541,525.00
Ac/ts receivable: EUR
5,378,527.00
Liabilities: EUR 16,561,201.00
Employees:
144
Balance sheet ratios 01.01.2013 - 31.07.2013
Equity ratio [%]: 71.81
Liquidity
ratio: 1.60
Return on total capital [%]: -12.97
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 18.70
Liquidity ratio: 0.52
Return on total capital [%]: -18.21
Balance
sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 31.92
Liquidity ratio: 0.56
Return on total capital [%]: -0.27
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 40.10
Liquidity
ratio: 1.00
Return on total capital [%]: -2.82
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 - 31.07.2013
ASSETS EUR 21,949,881.40
Fixed assets EUR 6,756,035.97
Intangible assets
EUR 112,898.01
Tangible assets
EUR 6,598,278.56
Land / similar rights
EUR 5,042,680.75
Plant / machinery EUR 1,014,072.46
Other tangible assets / fixtures and
fittings
EUR 541,525.35
Financial assets
EUR 44,859.40
Shares in participations /
subsidiaries and the like
EUR 44,859.40
Shares in related companies
EUR 44,859.40
Current assets
EUR 14,988,420.45
Stocks
EUR 9,528,344.47
Accounts receivable
EUR 5,378,527.27
Amounts due from related companies
EUR 1,221,105.03
Other debtors and assets
EUR 4,157,422.24
Liquid means
EUR 81,548.71
Remaining other assets
EUR 205,424.98
Accruals (assets)
EUR 205,424.98
LIABILITIES EUR 21,949,881.40
Shareholders' equity EUR 2,026,560.64
Capital
EUR 1,000,000.00
Subscribed capital (share capital)
EUR 1,000,000.00
Reserves
EUR 973,125.07
Capital reserves EUR 973,125.07
Balance sheet profit/loss (+/-)
EUR 53,435.57
Profit / loss brought forward
EUR 2,655,726.75
Annual surplus / annual deficit
EUR -2,602,291.18
Provisions
EUR 3,362,119.65
Liabilities
EUR 16,561,201.11
Financial debts
EUR 153,208.30
Liabilities due to banks
EUR 153,208.30
Other liabilities
EUR 16,407,992.81
Liabililties due to related companiesEUR 14,302,708.62
Unspecified other liabilities
EUR 2,105,284.19
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 6,348,388.51
Staff expenses
EUR 5,068,883.41
Wages and salaries
EUR 4,240,845.52
Social security contributions and
expenses for pension plans and
benefits
EUR 828,037.89
Total depreciation
EUR 226,327.30
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 226,327.30
Other operating expenses
EUR 3,386,140.09
Operating result from continuing
operations
EUR -2,332,962.29
Interest result (+/-)
EUR -265,085.47
Interest and similar income
EUR 1,718.20
Interest and similar expenses
EUR 266,803.67
Financial result (+/-)
EUR -265,085.47
Result from ordinary operations (+/-)
EUR -2,598,047.76
Other taxes / refund of taxes
EUR -4,243.42
Tax
(+/-)
EUR -4,243.42
Annual surplus / annual deficit
EUR -2,602,291.18
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 16,896,123.97
Fixed assets
EUR 1,832,056.64
Intangible assets
EUR 70,938.19
Concessions, licences, rights
EUR 27,063.19
Advance payments for intang. assets
EUR 43,875.00
Tangible assets
EUR 1,716,259.05
Plant / machinery
EUR 1,180,456.21
Other tangible assets / fixtures and
fittings
EUR 535,802.84
Financial assets
EUR 44,859.40
Shares
in participations /
subsidiaries and the like
EUR 44,859.40
Shares in related companies
EUR 44,859.40
Current assets
EUR 15,005,206.61
Stocks EUR 8,549,465.68
Raw materials, consumables and
supplies
EUR 5,883,314.00
Finished goods / work in progress
EUR 2,606,151.68
Advance payments made
EUR 60,000.00
Accounts receivable
EUR 6,448,403.49
Trade debtors
EUR 2,467,595.05
Amounts due from related companies
EUR 3,818,798.09
Other debtors and assets EUR 162,010.35
Liquid means
EUR 7,337.44
Remaining other assets
EUR 58,860.72
Accruals (assets)
EUR 58,860.72
LIABILITIES EUR 16,896,123.97
Shareholders' equity
EUR 4,628,851.82
Capital
EUR 1,000,000.00
Subscribed capital (share capital)
EUR 1,000,000.00
Reserves
EUR 973,125.07
Capital reserves
EUR 973,125.07
Balance sheet profit/loss (+/-)
EUR 2,655,726.75
Profit / loss brought forward
EUR 5,639,534.59
Annual surplus / annual deficit
EUR -2,983,807.84
Provisions
EUR 3,361,037.90
Pension provisions and comparable
provisions
EUR 1,895,650.99
Provisions
for taxes EUR 550.00
Other / unspecified provisions
EUR 1,464,836.91
Liabilities
EUR 8,906,234.25
Financial debts
EUR 4,629,267.63
Liabilities due to banks
EUR 4,629,267.63
Other liabilities
EUR 4,276,966.62
Trade creditors (for IAS incl. bills
of exchange)
EUR 2,215,630.18
Liabilities
from received advance
payments
EUR 1,299,668.99
Liabililties due to related companiesEUR 53,058.95
Unspecified other liabilities
EUR 708,608.50
Guarantees and other commitments
EUR 3,037,000.00
Other guarantees and other commitmentsEUR 3,037,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 43,564,813.31
Inventory change + own costs (+/-)
EUR -1,481,614.93
Inventory change (+/-)
EUR -1,481,614.93
Other operating income
EUR 620,369.63
Cost of materials
EUR 28,893,181.72
Raw materials and supplies, purchased
goods
EUR 28,721,124.69
Purchased services
EUR 172,057.03
Gross result (+/-)
EUR 13,810,386.29
Staff expenses
EUR 8,743,947.94
Wages and salaries
EUR 7,251,631.62
Social security contributions and
expenses for pension plans and
benefits
EUR 1,492,316.32
Total depreciation
EUR 121,766.99
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 121,766.99
Other operating expenses
EUR 7,311,054.87
Operating result from continuing
operations
EUR -2,366,383.51
Interest result (+/-)
EUR -373,766.74
Interest and similar income
EUR 42,865.43
Interest and similar expenses
EUR 416,632.17
Financial result (+/-)
EUR -373,766.74
Result from ordinary operations (+/-)
EUR -2,740,150.25
Extraordinary expenses EUR 240,270.33
Extraordinary result (+/-)
EUR -240,270.33
Income tax / refund of income tax (+/-)EUR -364.36
Other taxes / refund of taxes
EUR -3,022.90
Tax
(+/-) EUR -3,387.26
Annual surplus / annual deficit
EUR -2,983,807.84
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.61 |
|
|
1 |
Rs.96.55 |
|
Euro |
1 |
Rs.69.18 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.