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Report No. : |
334393 |
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Report Date : |
03.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
SCHILL + SEILACHER GMBH |
|
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|
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Registered Office : |
Schönaicher Str. 205, D 71032 Böblingen,
Post Box:1940, D 71009 Böblingen |
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|
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Country : |
Germany |
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|
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Financials (as on) : |
31.12.2013 |
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|
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Year of Establishment : |
1877 |
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Com. Reg. No.: |
HRB 732272 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Manufacture of Other Chemical Products n.e.c. ·
Wholesale of Chemical Products |
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No. of Employees : |
313 |
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 |
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 5.2% 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. The German economy suffers
from low levels of investment, and a government plan to invest 15 billion euros
2016-18, largely in infrastructure, is intended to spur needed private
investment. 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
accounted for 27.8% of gross electricity consumption in 2014, 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. Extremely low inflation, caused largely by low global
energy prices and a weak euro, are expected to boost German GDP growth in 2015.
|
Source
: CIA |
SCHILL
+ SEILACHER GMBH
Company Status: active
Schönaicher Str. 205
D 71032 Böblingen
Post Box:
1940, D 71009 Böblingen
Telephone:07031/2820
Telefax: 07031/282160
Homepage: www.schillseilacher.de
E-mail: mail@schillseilacher.de
DE813087269
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1877
Shareholders'
agreement: 27.10.2009
Registered on: 29.12.2009
Commercial Register: Local court 70190 Stuttgart
under: HRB
732272
EUR 1,009,290.00
Shareholder:
Ingeborg Groß
Moorfleeter Str. 28
D 22113 Hamburg
born: 12.12.1931
née: Leins
Share: EUR 1,009,290.00
Manager:
Dr. Ulrich Stärk
D 19395 Plau
having sole power of
representation
born: 27.04.1945
Marital status: unknown
Proxy:
Uwe Wunderlich
Tetschener Str. 13
D 01277 Dresden
authorized to jointly
represent the company
born: 22.04.1954
Profession: Solicitor
Marital status: married
Proxy:
Jürgen Weiße
Spandauer Str. 7
D 32257 Bünde
authorized to jointly
represent the company
born: 05.05.1951
Profession: graduate
engineer
Proxy:
Hubert Wenkemann
Bleiche 65
D 74343 Sachsenheim
authorized to jointly
represent the company
born: 27.11.1943
Proxy:
Siegfried Röh
Pinneberger Str. 95b
D 22880 Wedel
authorized to jointly
represent the company
born: 08.11.1947
Further functions/participations of Dr. Ulrich
Stärk (Manager)
Manager:
Schill + Seilacher
"Struktol" GmbH
Moorfleeter Str. 28
D 22113 Hamburg
Legal form: Private
limited company
Share capital: EUR 2,118,090.00
Registered
on: 04.01.2010
Reg. data: 20355 Hamburg, HRB 112163
Manager:
Schill & Seilacher
Chemie GmbH
Alt-Neundorf 13
D 01796 Pirna
Legal form: Private
limited company
Share capital: EUR 100,000.00
Registered
on: 22.10.2003
Reg. data: 01069 Dresden, HRB 22122
Manager:
Saxol
Grundstücksgesellschaft mbH
Alt-Neundorf 13
D 01796 Pirna
Legal form: Private
limited company
Share capital: EUR 100,000.00
Registered
on: 06.12.2011
Reg. data: 01069 Dresden, HRB 30655
24.02.1882 - 11.12.2000 Schill & Seilacher GmbH & Co.
Schönaicher Str. 205
D 71032 Böblingen
Ltd partnership with
priv. ltd. company
as general partner
11.12.2000 - 29.12.2009 Schill & Seilacher Aktiengesellschaft
Schönaicher Str. 205
D 71032 Böblingen
Public limited
company
Main industrial sector
2059 Manufacture
of other chemical products n.e.c.
Secondary industrial sector
4675
Wholesale of chemical products
Payment experience: cash discount/within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2013
Type of ownership: Tenant
Address Schönaicher
Str. 205
D 71032 Böblingen
Land register documents were not available.
KREISSPARKASSE
BÖBLINGEN, 71005 BÖBLINGEN
Sort. code: 60350130
BIC: BBKRDE6BXXX
COMMERZBANK, 70049 STUTTGART
Sort. code: 60040071
BIC: COBADEFFXXX
DEUTSCHE BANK, 70049 STUTTGART
Sort. code: 60070070
BIC: DEUTDESSXXX
COMMERZBANK VORMALS DRESDNER BANK, 71002
BÖBLINGEN
Sort. code: 60380002
BIC: DRESDEFF601
Turnover: 2013 EUR
195,926,063.00
Profit: 2013 EUR
11,150,584.00
Equipment: EUR 2,466,975.00
Ac/ts receivable: EUR 28,615,837.00
Liabilities: EUR 13,974,631.00
Employees:
313
- Trainees: 10
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 60.38
Liquidity ratio: 2.85
Return on total capital [%]: 16.15
Balance
sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 47.86
Liquidity ratio: 2.06
Return on total capital [%]: 9.37
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 29.21
Liquidity ratio: 0.97
Return on total capital [%]: 6.02
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 47.63
Liquidity ratio: 1.79
Return on total capital [%]: 11.42
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 74,961,974.41
Fixed assets
EUR 24,866,293.27
Intangible assets
EUR 104,645.38
Tangible assets
EUR 4,254,651.02
Land / similar rights
EUR 86,247.27
Plant / machinery
EUR 1,426,501.65
Other tangible assets / fixtures and
fittings
EUR 2,466,974.95
Advance payments made / construction
in progress
EUR 274,927.15
Financial assets
EUR 20,506,996.87
Shares in participations /
subsidiaries and the like
EUR 48,234.24
Shares in investee companies
EUR 48,234.24
Other loans
EUR 20,458,762.63
Current assets EUR 50,068,317.39
Stocks
EUR 15,460,656.00
Raw materials, consumables and
supplies
EUR 8,229,730.36
Finished goods / work in progress
EUR 7,230,925.64
Accounts receivable
EUR 28,615,837.47
Trade debtors
EUR 26,940,283.49
Other debtors and assets
EUR 1,675,553.98
Liquid means
EUR 5,991,823.92
Remaining other assets
EUR 27,363.75
Accruals (assets)
EUR 27,363.75
LIABILITIES EUR 74,961,974.41
Shareholders' equity EUR 47,599,941.12
Capital
EUR 1,009,290.00
Subscribed capital (share capital)
EUR 1,009,290.00
Reserves
EUR 469,102.00
Retained earnings / revenue reserves EUR 469,102.00
Balance sheet profit/loss (+/-)
EUR 46,121,549.12
Balance sheet profit / loss
EUR 46,121,549.12
Provisions
EUR 13,387,402.67
Pension
provisions and comparable
provisions
EUR 4,086,436.00
Provisions for taxes
EUR 5,857,202.19
Other / unspecified provisions
EUR 3,443,764.48
Liabilities EUR 13,974,630.62
Financial debts
EUR 2,043,478.71
Liabilities due to banks
EUR 2,043,478.71
Other liabilities
EUR 11,931,151.91
Trade creditors (for IAS incl. bills
of exchange)
EUR 10,238,862.71
Liabilities from received advance
payments
EUR 472,460.92
Unspecified other liabilities
EUR 1,219,828.28
thereof liabilities from tax /
financial authorities
EUR 377,018.20
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 195,926,063.08
Inventory change + own costs (+/-)
EUR -481,498.36
Inventory change (+/-)
EUR -481,498.36
Other operating income
EUR 922,643.89
Cost of materials
EUR 118,700,379.59
Raw materials and supplies, purchased
goods
EUR 114,326,673.46
Purchased services
EUR 4,373,706.13
Gross result (+/-)
EUR 77,666,829.02
Staff expenses
EUR 22,335,554.51
Wages and salaries
EUR 18,836,361.41
Social security contributions and
expenses for pension plans and
benefits
EUR 3,499,193.10
Total depreciation
EUR 974,922.99
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 974,922.99
Other operating expenses
EUR 38,193,681.55
Operating result from continuing
operations
EUR 16,162,669.97
Interest result (+/-)
EUR -352,339.11
Interest and similar income
EUR 306,837.38
Interest and similar expenses
EUR 659,176.49
Financial result (+/-)
EUR -352,339.11
Result from ordinary operations (+/-)
EUR 15,810,330.86
Income tax / refund of income tax (+/-)EUR -4,641,987.78
Other taxes / refund of taxes
EUR -17,758.76
Tax
(+/-)
EUR -4,659,746.54
Annual surplus / annual deficit
EUR 11,150,584.32
Type
of balance sheet: Company balance sheet
Financial year: 01.01.2012
- 31.12.2012
ASSETS EUR 70,820,114.82
Fixed assets
EUR 5,420,672.95
Intangible assets EUR 62,459.38
Tangible assets
EUR 5,309,979.33
Land / similar rights
EUR 46,722.00
Plant / machinery
EUR 1,198,251.69
Other tangible assets / fixtures and
fittings
EUR 2,474,429.07
Advance payments made / construction
in progress
EUR 1,590,576.57
Financial assets
EUR 48,234.24
Shares in participations /
subsidiaries and the like
EUR 48,234.24
Shares in investee companies
EUR 48,234.24
Current assets
EUR 65,375,656.09
Stocks EUR 15,999,523.75
Raw materials, consumables and
supplies
EUR 6,704,372.34
Finished goods / work in progress
EUR 9,295,151.41
Accounts receivable EUR 45,718,687.02
Trade debtors
EUR 24,628,269.27
Other debtors and assets
EUR 21,090,417.75
Liquid means
EUR 3,657,445.32
Remaining other assets
EUR 23,785.78
Accruals (assets)
EUR 23,785.78
LIABILITIES EUR 70,820,114.82
Shareholders' equity
EUR 36,449,356.80
Capital EUR 1,009,290.00
Subscribed capital (share capital)
EUR 1,009,290.00
Reserves
EUR 469,102.00
Retained earnings / revenue reserves EUR 469,102.00
Balance sheet profit/loss (+/-)
EUR 34,970,964.80
Balance sheet profit / loss
EUR 34,970,964.80
Provisions
EUR 10,882,064.34
Pension provisions and comparable
provisions
EUR 4,116,496.00
Provisions for taxes
EUR 2,988,835.25
Other / unspecified provisions
EUR 3,776,733.09
Liabilities
EUR 23,488,693.68
Financial debts
EUR 12,916,171.40
Liabilities due to banks
EUR 12,916,171.40
Other liabilities
EUR 10,572,522.28
Trade creditors (for IAS incl. bills
of exchange)
EUR 7,498,259.81
Liabilities from received advance
payments
EUR 242,895.61
Unspecified other liabilities
EUR 2,831,366.86
thereof
liabilities from tax /
financial authorities
EUR 688,263.07
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 173,023,371.59
Inventory change + own costs (+/-)
EUR 287,439.20
Inventory change (+/-)
EUR 287,439.20
Other operating income
EUR 894,100.83
Cost of materials
EUR 111,149,103.77
Raw materials and supplies, purchased
goods
EUR 105,197,551.55
Purchased services
EUR 5,951,552.22
Gross result (+/-)
EUR 63,055,807.85
Staff expenses
EUR 20,718,013.88
Wages and salaries
EUR 17,517,810.89
Social security contributions and
expenses for pension plans and
benefits
EUR 3,200,202.99
Total depreciation
EUR 1,054,688.93
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,054,688.93
Other operating expenses
EUR 31,787,797.66
Operating result from continuing
operations
EUR 9,495,307.38
Interest result (+/-)
EUR -347,934.53
Interest and similar income
EUR 408,703.80
Interest and similar expenses
EUR 756,638.33
Financial result (+/-)
EUR -347,934.53
Result from ordinary operations (+/-)
EUR 9,147,372.85
Income tax / refund of income tax (+/-)EUR -2,956,204.38
Other taxes / refund of taxes
EUR -12,118.32
Tax
(+/-)
EUR -2,968,322.70
Annual surplus/ annual deficit
EUR 6,179,050.15
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.01 |
|
|
1 |
Rs.99.84 |
|
Euro |
1 |
Rs.70.16 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
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|
Report Prepared
by : |
NIT |
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.