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Report No. : |
320089 |
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Report Date : |
30.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
STAHL CRANESYSTEMS GMBH |
|
|
|
|
Registered Office : |
Daimlerstr. 6, D 74653 Künzelsau, Post
Box: 11 61, D 74641 |
|
|
|
|
Country : |
Germany |
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|
|
|
Financials (as on) : |
31.12.2013 |
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|
|
|
Date of Incorporation : |
1982 |
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|
|
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Com. Reg. No.: |
HRB 590472 |
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|
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Legal Form : |
Private Limited Company |
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|
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Line of Business : |
·
Manufacture of other general-purpose machinery ·
Manufacture of machinery for metallurgy |
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|
|
|
No. of Employees : |
562 |
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 |
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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 – 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 |
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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 |
STAHL CRANESYSTEMS GMBH
Company Status: active
Daimlerstr. 6
D 74653 Künzelsau
Post Box:
11 61, D 74641
Telephone:07940/128-0
Telefax:
07940/1282300
Homepage: www.stahlcranes.com
E-mail: info@stahlcranes.com
VAT
no.: DE814791828
Tax
ID number: 76001/11309
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 1982
Shareholders'
agreement: 23.11.1982
Registered on: 22.06.1993
Commercial Register: Local court 70190
Stuttgart
under: HRB 590472
Share capital: EUR 6,500,000.00
Shareholder:
Konecranes Holding GmbH
Boehringerstr. 4
D 68307 Mannheim
Legal form: Private
limited company
Share capital: EUR
17,750,000.00
Share: EUR 6,500,000.00
Registered on: 13.08.2007
Reg. data: 68159
Mannheim, HRB 702790
Control and profit
transfer agreement
Manager:
Dr. Thomas Peukert
D 74653 Künzelsau
born: 16.04.1959
Profession: Businessman
Manager:
Werner Wagner
D 74653 Künzelsau
born: 07.06.1959
President
of the Supervisory Board:
Arto Engbom
SF - Hämeenlinna
Nationality: Finnish
Marital status: unknown
Member of the Supervisory Board:
Ernst Kern
D 74653 Künzelsau
born: 06.04.1964
Profession: Electronics
installer
Member of the Supervisory Board:
Timo Mattila
SF Kiviranta
born: 13.05.1958
Nationality: Finnish
Proxy:
Thomas Schieber
Schulgasse 13
D 74613 Öhringen
authorized to jointly
represent the company
born: 16.05.1966
Proxy:
Hans-Joachim Ditze
D 74189 Weinsberg
authorized to jointly
represent the company
born: 10.02.1955
Further
functions/participations of Dr. Thomas Peukert (Manager)
Manager:
Eurofactory GmbH
Liebengrün 167
D 07368 Remptendorf
Legal form: Private
limited company
Share
capital: EUR 300,000.00
Registered
on: 16.11.1992
Reg. data: 07745 Jena, HRB 202592
18.11.2013 - 29.04.2015 Member of the Supervisory Board
Aku Lehtinen
SF - Hyvinkää
26.05.2009 - 18.11.2013 Member of the Supervisory Board
Pekka Päkkilä
SF - Hämeenlinna
26.05.2009 - 18.11.2013 Member of the Supervisory Board
Pierre Boyer
SF Helsinki
Main industrial sector
28290
Manufacture of other general-purpose machinery
28910
Manufacture of machinery for metallurgy
Works:
Stahl CraneSystems GmbH
Bulacher Str. 22
D 76275 Ettlingen
TEL.: 07243/1890
FAX.: 07243/128-26
Branch:
Stahl CraneSystems GmbH
Varrelheidering 11
D 30659 Hannover
TEL.: 0511/90198-0
FAX.: 0511/90198-88
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Type of ownership: Tenant
Address Daimlerstr. 6
D 74653 Künzelsau
Land register documents were not available.
COMMERZBANK, 70049 STUTTGART
Sort. code: 60040071, Account no.: 511023400
BIC: COBADEFFXXX, IBAN: DE69600400710511023400
DEUTSCHE BANK, 70049 STUTTGART
Sort. code: 60070070
BIC: DEUTDESSXXX
COMMERZBANK VORMALS DRESDNER BANK, 70049
STUTTGART
Sort. code: 60080000
BIC: DRESDEFF600
Turnover: 2013 EUR 134,072,961.00
Profit: 2013 EUR 19,548,189.00
Equipment: EUR 2,294,858.00
Ac/ts receivable: EUR
44,334,298.00
Liabilities: EUR 36,889,317.00
Total numbers of vehicles: 32
Employees: 562
-
thereof permanent staff: 536
-
Trainees:
26
Control and profit transfer agreement to:
Konecranes Holding
GmbH
Boehringerstr. 4
D 68307 Mannheim
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 38.66
Liquidity ratio: 2.96
Return on total capital [%]: 27.32
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 42.09
Liquidity ratio: 2.75
Return on total capital [%]: 30.88
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 11.60
Liquidity ratio: 1.43
Return on total capital [%]: 22.44
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 29.80
Liquidity ratio: 3.36
Return on total capital [%]: 21.96
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 71,540,759.92
Fixed assets
EUR 6,982,948.36
Intangible assets
EUR 165,183.18
Concessions, licences, rights
EUR 165,183.18
Tangible assets
EUR 6,460,781.24
Land / similar rights
EUR 463,016.25
Plant / machinery EUR 2,384,434.85
Other tangible assets / fixtures and
fittings
EUR 2,294,858.03
Advance payments made / construction
in progress
EUR 1,318,472.11
Financial assets EUR 356,983.94
Shares in participations /
subsidiaries and the like
EUR 306,983.94
Shares in related companies
EUR 221,483.94
Shares in investee companies
EUR 85,500.00
Securities included in fixed assets
EUR 50,000.00
Current assets
EUR 64,070,565.08
Stocks
EUR 17,348,355.65
Raw materials, consumables and
supplies
EUR 8,249,199.00
Finished goods / work in progress
EUR 12,153,033.64
Advance payments made
EUR 526,801.94
Minus received advance payments for
orders / installments for stocks
EUR -3,580,678.93
Accounts receivable
EUR 44,334,297.55
Trade debtors
EUR 14,002,845.49
Amounts due from related companies
EUR 29,454,862.73
Amounts due from investee companies
EUR 323,663.12
Other debtors and assets
EUR 552,926.21
Liquid means
EUR 2,387,911.88
Remaining other assets
EUR 487,246.48
Accruals (assets)
EUR 67,460.43
Active difference from asset
offsetting
EUR 419,786.05
LIABILITIES EUR 71,540,759.92
Shareholders' equity
EUR 8,109,280.30
Capital
EUR 6,500,000.00
Subscribed capital (share capital)
EUR 6,500,000.00
Reserves
EUR 709,215.52
Capital reserves
EUR 562,421.07
Retained earnings / revenue reserves EUR 146,794.45
Balance sheet profit/loss (+/-)
EUR 900,064.78
Balance sheet profit / loss
EUR 900,064.78
Provisions
EUR 26,542,162.68
Pension provisions and comparable
provisions
EUR 18,307,352.00
Other / unspecified provisions
EUR 8,234,810.68
Liabilities
EUR 36,889,316.94
Other liabilities
EUR 36,889,316.94
Trade creditors (for IAS incl. bills
of exchange)
EUR 2,353,896.24
Liabililties due to related companiesEUR 24,428,486.71
Unspecified other liabilities
EUR 10,106,933.99
Guarantees and other commitments
EUR 14,948,000.00
Other guarantees and other commitmentsEUR 14,948,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 134,072,960.68
Inventory change + own costs (+/-)
EUR 310,557.93
Inventory change (+/-)
EUR 265,905.64
Capitalised own costs
EUR 44,652.29
Other operating income
EUR 5,847,552.26
Cost of materials
EUR 56,002,818.27
Raw
materials and supplies, purchased
goods
EUR 54,477,129.00
Purchased services
EUR 1,525,689.27
Gross result (+/-)
EUR 84,228,252.60
Staff expenses EUR 38,624,235.92
Wages and salaries
EUR 31,181,128.32
Social security contributions and
expenses for pension plans and
benefits
EUR 7,443,107.60
Total depreciation EUR 1,706,257.73
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,706,257.73
Other operating expenses
EUR 24,660,007.43
Operating result from continuing
operations
EUR 19,237,751.52
Result from participating interests
(+/-)
EUR 1,422,819.84
Expenses / income from participations EUR 1,422,819.84
Income from related companies
EUR 1,422,819.84
Interest result (+/-)
EUR -1,038,975.07
Interest and similar income
EUR 71,598.32
Interest and similar expenses
EUR 1,110,573.39
Financial result (+/-)
EUR 383,844.77
Result from ordinary operations (+/-)
EUR 19,621,596.29
Expenses for transfer of profits to a
parent company EUR 19,548,188.95
Income tax / refund of income tax (+/-)EUR -12,376.94
Other taxes / refund of taxes
EUR -61,030.40
Tax
(+/-)
EUR -73,407.34
Annual
surplus / annual deficit EUR 0.00
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 72,316,029.75
Fixed assets
EUR 5,851,929.36
Intangible assets
EUR 234,099.65
Concessions, licences, rights
EUR 234,099.65
Tangible assets
EUR 5,260,845.77
Land / similar rights EUR 495,384.69
Plant / machinery
EUR 2,593,826.25
Other tangible assets / fixtures and
fittings
EUR 2,112,007.15
Advance payments made / construction
in progress
EUR 59,627.68
Financial assets
EUR 356,983.94
Shares in participations /
subsidiaries and the like
EUR 306,983.94
Shares in related companies
EUR 221,483.94
Shares in investee companies
EUR 85,500.00
Securities included in fixed assets
EUR 50,000.00
Current assets
EUR 66,393,940.30
Stocks
EUR 19,004,935.07
Raw materials, consumables and
supplies
EUR 8,564,277.00
Finished goods / work in progress
EUR 11,887,128.00
Advance
payments made EUR 610,785.00
Minus received advance payments for
orders / installments for stocks
EUR -2,057,254.93
Accounts receivable
EUR 47,353,723.55
Trade debtors EUR 14,362,691.28
Amounts due from related companies
EUR 30,608,668.68
Amounts due from investee companies
EUR 706,758.46
Other debtors and assets
EUR 1,675,605.13
Liquid means
EUR 35,281.68
Remaining other assets
EUR 70,160.09
Accruals (assets)
EUR 70,160.09
LIABILITIES EUR 72,316,029.75
Shareholders' equity
EUR 8,109,280.30
Capital
EUR 6,500,000.00
Subscribed capital (share capital)
EUR 6,500,000.00
Reserves
EUR 709,215.52
Capital reserves
EUR 562,421.07
Retained earnings / revenue reserves EUR 146,794.45
Balance sheet profit/loss (+/-)
EUR 900,064.78
Balance sheet profit / loss EUR 900,064.78
Provisions
EUR 24,638,822.45
Pension provisions and comparable
provisions
EUR 17,650,097.00
Other / unspecified provisions
EUR 6,988,725.45
Liabilities
EUR 39,567,927.00
Financial debts
EUR 771,729.58
Liabilities due to banks
EUR 771,729.58
Other liabilities
EUR 38,796,197.42
Trade creditors (for IAS incl. bills
of exchange)
EUR 2,862,342.21
Liabililties due to related companiesEUR 26,200,525.83
Unspecified other liabilities
EUR 9,733,329.38
Guarantees and other commitments
EUR 12,999,000.00
Other guarantees and other commitmentsEUR 12,999,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales EUR 137,451,421.54
Inventory change + own costs (+/-)
EUR 759,151.83
Inventory change (+/-)
EUR 666,213.00
Capitalised own costs
EUR 92,938.83
Other operating income
EUR 6,848,453.25
Cost of materials
EUR 61,581,173.74
Raw materials and supplies, purchased
goods
EUR 59,401,105.52
Purchased services EUR 2,180,068.22
Gross result (+/-)
EUR 83,477,852.88
Staff expenses
EUR 35,101,797.21
Wages and salaries
EUR 29,595,947.82
Social security contributions and
expenses for pension plans and
benefits
EUR 5,505,849.39
Total depreciation
EUR 1,551,745.45
Depreciation on tangible / intangible
asssets
(incl. start-up and exp. of
bus.
EUR 1,551,745.45
Other operating expenses
EUR 23,381,529.26
Operating result from continuing
operations
EUR 23,442,780.96
Interest result (+/-)
EUR -922,510.88
Interest and similar income
EUR 190,300.25
Interest and similar expenses
EUR 1,112,811.13
Financial result (+/-)
EUR -922,510.88
Result from ordinary operations (+/-)
EUR 22,520,270.08
Expenses for transfer of profits to a
parent company
EUR 22,331,049.96
Other taxes / refund of taxes
EUR -189,220.12
Tax
(+/-)
EUR -189,220.12
Annual surplus / annual deficit
EUR 0.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.20 |
|
|
1 |
Rs.97.00 |
|
Euro |
1 |
Rs.69.34 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.