|
Report No. : |
352097 |
|
Report Date : |
01.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
FUCHS + SANDERS SCHRAUBEN-GROSSHANDELS-
GMBH + CO. KG |
|
|
|
|
Registered Office : |
Im Westerfeld 1, D 49504 Lotte, Post
Box: 19 64, D 49009 Osnabrück |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
10.12.1932 |
|
|
|
|
Com. Reg. No.: |
HRA 2669 |
|
|
|
|
Legal Form : |
Limited Partnership With Private Limited Company As General Partner |
|
|
|
|
Line of Business : |
Wholesale of Tools and Hardware |
|
|
|
|
No. of Employees : |
223 |
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 : |
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 – 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 |
|
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 |
FUCHS + SANDERS SCHRAUBEN-GROSSHANDELS-
GMBH + CO. KG
Company Status: active
Main address: Im
Westerfeld 1
D 49504 Lotte
Post Box:
19 64, D 49009 Osnabrück
Telephone:05404/91600
Telefax:
05404/9160140
Homepage: www.fuchs-sanders.de
E-mail: info@fuchs-sanders.de
Legal office: Albert-Brickwedde-Str.
5
D 49084 Osnabrück
VAT
no.: DE117662011
Tax
ID number: 66/202/41003
Business
relations are permissible.
LEGAL FORM Ltd partnership with priv. ltd.
company as general partner
Date of foundation: 10.12.1932
Registered on: 27.02.1933
Register of
companies: Local court 49074 Osnabrück
under: HRA 2669
Total cap. contribution: EUR 1,000,000.00
Limited partner:
WM SE
Pagenstecherstr. 121
D 49090 Osnabrück
Post Box:
43 69, D 49033 Osnabrück
Legal form: European
Company (SE)
Share capital: EUR
30,750,000.00
Share: EUR 1,000,000.00
Registered on: 16.07.1990
Reg. data: 49074
Osnabrück, HRB 16550
General partner:
Christiansen
Beteiligungsgesellschaft mit
beschränkter Haftung
Pagenstecherstr. 121
D 49090 Osnabrück
Legal form: Private
limited company
Share capital: EUR 25,600.00
Registered on: 20.12.1972
Reg. data: 49074 Osnabrück,
HRB 1602
Shareholder:
WM SE
Pagenstecherstr. 121
D 49090 Osnabrück
Post Box:
43 69, D 49033 Osnabrück
Legal form: European
Company (SE)
Share capital: EUR
30,750,000.00
Share: EUR 25,600.00
Registered on: 16.07.1990
Reg. data: 49074
Osnabrück, HRB 16550
Manager:
Frank Schröder
Sophie-Charlotte-Str. 1
D 49076 Osnabrück
having sole power of
representation
born: 08.12.1959 in
Wöbbel
Manager:
Ralf Reuwer
Am Ehrenhain 11
D 49205 Hasbergen
having sole power of
representation
born: 30.12.1965
Manager:
Andreas Wredow
D 49124 Georgsmarienhütte
having sole power of
representation
born: 03.05.1962
Proxy:
Dieter Uphaus
Hasestr. 11
D 49134 Wallenhorst
having sole power of
representation
Proxy:
Erkut Yesiltepe
Hohenbrink 14a
D 49186 Bad Iburg
authorized to jointly
represent the company
born: 29.05.1977
Proxy:
Udo Wehberg
D 49594 Alfhausen
authorized to jointly
represent the company
born: 13.10.1972
Member of the Advisory Board
Felix Greiner
D 49090 Osnabrück
Member of the Advisory Board
Bastian Müller
Mendelssohnweg 11
D 49076 Osnabrück
10.12.1932 - 01.01.2005 Fuchs + Sanders Schrauben - Großhandels
-GmbH + Co. KG
Großhandelsring 3
D 49084 Osnabrück
Ltd partnership with
priv. ltd. company
as general partner
01.01.2005 - 01.06.2015 Fuchs + Sanders Schrauben-Großhandels-
GmbH + Co. KG
Albert-Brickwedde-Str. 5
D 49084 Osnabrück
Ltd partnership with
priv. ltd. company
as general partner
Main industrial sector
46741
Wholesale of tools and hardware
Branch:
Fuchs + Sanders
Schrauben-Großhandels- GmbH
+ Co. KG
Grumbkowstr. 46
D 13156 Berlin
TEL.: 030/34347474
FAX.: 030/34347479
Branch:
Fuchs + Sanders Schrauben-Großhandels-
GmbH
+ Co. KG
Friedrichshafener Str. 26
D 14772 Brandenburg
TEL.: 03381/3494-20
FAX.: 03381/3494-22
Branch:
Fuchs + Sanders
Schrauben-Großhandels- GmbH
+ Co. KG
An der Sülze 2
D 39179 Barleben
TEL.: 039203/513-0
FAX.: 039203/513-110
Branch:
Fuchs + Sanders
Schrauben-Großhandels- GmbH
+ Co. KG
Ihlenfelder Str. 123a
D 17034 Neubrandenburg
TEL.: 0395/43097-0
FAX.: 0395/43097-15
Branch:
Fuchs + Sanders
Schrauben-Großhandels- GmbH
+ Co. KG
Schulze-Delitzsch-Str. 45
D 70565 Stuttgart
TEL.: 0711/220075-55
FAX.: 0711/220075-59
Branch:
Fuchs + Sanders
Schrauben-Großhandels- GmbH
+ Co. KG
Winsbergring 3a
D 22525 Hamburg
TEL.: 040/6000377-0
FAX.: 040/6000377-20
Branch:
Fuchs + Sanders
Schrauben-Großhandels- GmbH
+ Co. KG
Länderweg 19
D 60599 Frankfurt
TEL.: 069/3003888-88
FAX.: 069/3003888-99
Branch:
Fuchs + Sanders
Schrauben-Großhandels- GmbH
+ Co. KG
Broichmühlenweg 42
D 41066 Mönchengladbach
TEL.: 02161/40070-0
FAX.: 02161/40070-20
Branch:
Fuchs + Sanders
Schrauben-Großhandels- GmbH
+ Co. KG
Schleißheimer Str. 93b
D 85748 Garching
TEL.: 089/3603579-0
FAX.: 089/3603579-90
Payment experience: cash discount/within agreed terms
Negative information: We have no negative
information at hand.
Balance sheet year: 2013
PMI: No significant / relevant
payment experience
information pertaining to
the company
inquired upon is shown in
the Deutscher
Debitoren Monitor
(DDMonitor).
Type of ownership: Tenant
Address Im Westerfeld 1
D 49504 Lotte
Land register documents were not available.
Principal banks
DEUTSCHE BANK, 49006 OSNABRÜCK
Sort.
code: 26570090
BIC: DEUTDE3B265
VOLKSBANK OSNABRÜCK, 49074 OSNABRÜCK
Sort. code: 26590025
BIC: GENODEF1OSV
SPARKASSE OSNABRÜCK, 49018 OSNABRÜCK
Sort. code: 26550105
BIC: NOLADE22XXX
Turnover: 2013 EUR
68,537,995.00
2014 *EUR 70,000,000.00
Profit: 2013 EUR 5,072,620.00
further business figures:
Equipment: EUR 2,213,635.00
Ac/ts
receivable:
EUR 14,410,834.00
Liabilities: EUR 34,141,876.00
Employees:
223
-
thereof permanent staff: 204
-
Trainees:
17
-
Temporary workers: 2
The
business figures marked with an asterisk are estimates based
on
average values in the line of business.
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 87.59
Liquidity ratio: 3.59
Return on total capital [%]: 13.93
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 86.48
Liquidity ratio: 3.05
Return on total capital [%]: 18.09
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 75.02
Liquidity ratio: 1.24
Return on total capital [%]: 20.03
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
Origin
of the present
balance sheet: self-disclosure
Financial year: 01.01.2013 - 31.12.2013
ASSETS EUR 36,417,446.73
Fixed assets
EUR 3,015,915.89
Intangible assets
EUR 302,124.12
Concessions, licences, rights
EUR 174,638.22
Advance payments for intang. assets
EUR 127,485.90
Tangible assets
EUR 2,711,991.77
Land / similar rights EUR 328,867.00
Plant / machinery
EUR 169,489.87
Other tangible assets / fixtures and
fittings
EUR 2,213,634.90
Financial assets
EUR 1,800.00
Current assets
EUR 33,395,585.84
Stocks
EUR 18,977,590.24
Raw materials, consumables and
supplies EUR 149,120.13
Finished goods / work in progress
EUR 18,828,470.11
Accounts receivable
EUR 14,410,834.07
Trade debtors
EUR 11,376,871.22
Amounts due from related companies
EUR 1,710,960.00
Other debtors and assets
EUR 1,323,002.85
Liquid means
EUR 7,161.53
Remaining other assets
EUR 5,945.00
Accruals (assets)
EUR 125.00
Deferred taxes (assets)
EUR 5,820.00
LIABILITIES EUR 36,417,446.73
Shareholders' equity
EUR 1,779,092.82
Capital
EUR 1,004,000.00
Capital of the fully liable partner
(LP, general partnership)
EUR 4,000.00
Capital contribution of gen.
partner/accounts of the pers. liable
shareholder
EUR 4,000.00
Limited partner's capital / capital
of partially liable partner (LP)
EUR 1,000,000.00
Limited partner's capital, fixed
capital, capital account I
EUR 1,000,000.00
Reserves
EUR 775,092.82
Capital reserves
EUR 766,937.82
Retained earnings / revenue reserves EUR 8,155.00
Provisions
EUR 496,478.35
Other / unspecified provisions
EUR 496,478.35
Liabilities
EUR 34,141,875.56
Financial debts
EUR 727,655.97
Liabilities due to banks
EUR 727,655.97
Other liabilities
EUR 33,414,219.59
Trade creditors (for IAS incl. bills
of exchange)
EUR 2,532,562.58
Liabilities due to shareholders
EUR 30,121,076.64
Unspecified other liabilities
EUR 760,580.37
thereof liabilities from tax /
financial authorities
EUR 438,274.57
Guarantees and other commitments
EUR 46,429,000.00
Guarantees / warranties
EUR 46,429,000.00
Warranties
EUR 46,429,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales EUR 68,537,994.83
Other operating income
EUR 1,515,592.96
Cost of materials
EUR 45,073,305.52
Raw materials and supplies, purchased
goods
EUR 45,073,305.52
Gross result (+/-)
EUR 24,980,282.27
Staff expenses
EUR 8,916,706.72
Wages and salaries
EUR 7,519,262.45
Social security contributions and
expenses for pension plans and
benefits
EUR 1,397,444.27
Total depreciation
EUR 527,754.73
Other operating expenses
EUR 7,686,956.33
Operating
result from continuing
operations
EUR 7,848,864.49
Result from participating interests
(+/-)
EUR 108.00
Expenses / income from participations EUR 108.00
Income from related companies
EUR 108.00
Interest result (+/-)
EUR -1,570,143.67
Interest and similar income
EUR 0.27
Interest and similar expenses
EUR 1,570,143.94
thereof paid to related companies
EUR 1,538,740.05
Financial result (+/-)
EUR -1,570,035.67
Result from ordinary operations (+/-)
EUR 6,278,828.82
Income tax / refund of income tax (+/-)EUR -1,192,419.42
Other taxes / refund of taxes
EUR -13,789.55
Tax
(+/-)
EUR -1,206,208.97
Annual surplus / annual deficit
EUR 5,072,619.85
Type
of balance
sheet: Company balance sheet
Origin of the present
balance sheet: self-disclosure
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 36,726,487.32
Fixed assets EUR 3,196,764.36
Intangible assets
EUR 332,639.38
Concessions, licences, rights
EUR 297,226.63
Advance payments for intang. assets
EUR 35,412.75
Tangible assets EUR 2,862,324.98
Land / similar rights
EUR 345,513.00
Plant / machinery
EUR 122,943.81
Other tangible assets / fixtures and
fittings EUR 2,393,868.17
Financial assets
EUR 1,800.00
Shares in participations /
subsidiaries and the like
EUR 1,800.00
Shares in cooperatives
EUR 1,800.00
Current assets
EUR 33,516,127.96
Stocks
EUR 21,002,003.41
Raw materials, consumables and
supplies
EUR 151,546.33
Finished goods / work in progress
EUR 20,850,457.08
Accounts receivable
EUR 12,490,514.55
Trade debtors
EUR 10,089,908.74
Amounts due from related companies
EUR 1,425,207.00
Other debtors and assets
EUR 975,398.81
Liquid means
EUR 23,610.00
Remaining other assets
EUR 13,595.00
Accruals (assets)
EUR 3,725.00
Deferred taxes (assets)
EUR 9,870.00
LIABILITIES EUR 36,726,487.32
Shareholders' equity
EUR 1,779,092.82
Capital
EUR 1,004,000.00
Capital of the fully liable partner
(LP, general partnership)
EUR 4,000.00
Fixed capital / accounts, capital
account I
EUR 4,000.00
Limited
partner's capital / capital
of partially liable partner (LP)
EUR 1,000,000.00
Limited partner's capital, fixed
capital, capital account I
EUR 1,000,000.00
Reserves
EUR 775,092.82
Capital reserves
EUR 766,937.82
Retained earnings / revenue reserves EUR 8,155.00
Provisions
EUR 855,833.18
Provisions for taxes EUR 214,704.00
Other / unspecified provisions
EUR 641,129.18
Liabilities
EUR 34,091,561.32
Financial debts
EUR 1,154,767.47
Liabilities due to banks
EUR 1,154,767.47
Other liabilities
EUR 32,936,793.85
Trade creditors (for IAS incl. bills
of exchange)
EUR 2,121,192.70
Liabilities due to shareholders EUR
29,972,638.30
Liabililties due to related companiesEUR 16,503.81
Unspecified other liabilities
EUR 826,459.04
thereof liabilities from tax /
financial authorities
EUR 580,802.85
Guarantees and other commitments
EUR 69,344,653.77
Guarantees / warranties
EUR 69,344,653.77
Warranties
EUR 69,344,653.77
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 81,165,244.16
Other operating income
EUR 1,041,932.45
Cost of materials
EUR 53,426,057.88
Raw
materials and supplies, purchased
goods
EUR 53,426,057.88
Gross result (+/-)
EUR 28,781,118.73
Staff expenses
EUR 8,812,700.37
Wages and salaries
EUR 7,405,418.85
Social security contributions and
expenses for pension plans and
benefits
EUR 1,407,281.52
Total depreciation
EUR 668,732.96
Other / unspecified depreciation EUR 668,732.96
Other operating expenses
EUR 9,654,573.92
Operating result from continuing
operations
EUR 9,645,111.48
Result from participating interests
(+/-)
EUR 108.00
Expenses / income from participations EUR 108.00
Interest result (+/-)
EUR -1,501,243.09
Interest and similar income
EUR 18.91
Interest and similar expenses
EUR 1,501,262.00
thereof paid to related companies
EUR 1,466,450.37
Financial result (+/-)
EUR -1,501,135.09
Result from ordinary operations (+/-)
EUR 8,143,976.39
Income tax / refund of income tax (+/-)EUR -1,484,043.04
Other taxes / refund of taxes
EUR -16,300.55
Tax
(+/-)
EUR -1,500,343.59
Annual
surplus / annual deficit EUR 6,643,632.80
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.81 |
|
|
1 |
Rs.100.36 |
|
Euro |
1 |
Rs.70.68 |
|
EUR |
1 |
Rs.70.33 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
HEE |
|
|
|
|
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.