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Report No. : |
352762 |
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Report Date : |
08.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
SAURER
COMPONENTS GMBH |
|
|
|
|
Registered Office : |
Maria-Merian-Str. 8 D 70736
Fellbach |
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|
|
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Country : |
Germany |
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|
|
|
Financials (as on) : |
31.12.2014 |
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|
|
Date of Incorporation : |
14.04.1994 |
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|
|
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Legal Form : |
Private limited company |
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|
|
Line of Business : |
·
Manufacture of chucking tools
and other machine tool components ·
Wholesale of other machinery ·
Other service activities |
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|
|
No. of Employee : |
431 |
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 : |
Good |
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|
|
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Payment Behaviour : |
Regular |
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|
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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 |
The subject of your inquiry is a branch.
We are reporting on the headquarters.
Saurer Components GmbH
Maria-Merian-Str. 8
D 70736 Fellbach
Telephone:0711/58521-0
Telefax: 0711/58521-59
Homepage:
www.components.oerlikontextile.com
E-mail: sales@texparts.de
Active
DE189017423
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 14.04.1994
Shareholders'
agreement: 14.04.1994
Registered on: 26.01.2007
Commercial Register: Local court 70190 Stuttgart
under: HRB
722008
Share capital: EUR 51,400.00
Shareholder:
Saurer Germany GmbH &
Co. KG
Leverkuser Str. 65
D 42897 Remscheid
Legal form: Ltd
partnership with priv. ltd.
company as general partner
Total cap. EUR 40,000,100.00
contribution:
Share: EUR 51,400.00
Registered on: 21.12.2012
Reg. data: 42103 Wuppertal,
HRA 23613
Control and profit
transfer agreement
Manager:
Stephan Ringmayer
D 42579 Heiligenhaus
born: 13.07.1969
Marital status: single
Manager:
Jörg Spahlinger
D 97723 Oberthulba
born: 11.01.1959
Manager:
Roland Merkle
D 70173 Stuttgart
authorized to jointly
represent the company
born: 05.05.1958
Proxy:
Karl-Heinz Mattig
D 70734 Fellbach
authorized to jointly
represent the company
born: 07.01.1959
Proxy:
Ullrich Heussner
D 97502 Euerbach
authorized to jointly
represent the company
born: 11.03.1958
Proxy:
Dipl.-Wirt. Ingenieu Volker Brand
D 48143 Münster
authorized to jointly
represent the company
born: 17.03.1959
Further functions/participations of Stephan
Ringmayer (Manager)
Manager:
Saurer Germany Management
GmbH
Leverkuser Str. 65
D 42897 Remscheid
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 21.12.2012
Reg. data: 42103 Wuppertal, HRB 24688
Proxy:
Saurer Germany GmbH &
Co. KG
Leverkuser Str. 65
D 42897 Remscheid
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 40,000,100.00
contribution:
Registered
on: 21.12.2012
Reg. data: 42103 Wuppertal, HRA 23613
Further functions/participations of Jörg
Spahlinger (Manager)
Manager:
Saurer Germany Management
GmbH
Leverkuser Str. 65
D 42897 Remscheid
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 21.12.2012
Reg. data: 42103 Wuppertal, HRB 24688
Proxy:
Saurer Germany GmbH &
Co. KG
Leverkuser Str. 65
D 42897 Remscheid
Legal form: Ltd partnership with
priv. ltd.
company as
general partner
Total cap. EUR 40,000,100.00
contribution:
Registered
on: 21.12.2012
Reg. data: 42103 Wuppertal, HRA 23613
14.04.1994 - 26.03.2001 Prine
Machinery GmbH
D 41061 Mönchengladbach
Private limited company
26.03.2001 - 01.04.2004 Xaloy
GmbH
Leverkuser Str. 65
D 42897 Remscheid
Private limited company
02.04.2004 - 19.12.2006 Shelf No. 1 GmbH
Landgrafenstr. 45
D 41069 Mönchengladbach
Private limited company
19.12.2006 - 26.01.2007 Accotex-TEXParts
GmbH AG
Mönchengladbach, HRB 8280
Landgrafenstr. 45
D
41069 Mönchengladbach
Private limited company
26.01.2007 - 14.08.2007 Accotex-TEXParts
GmbH
Maria-Merian-Str. 8
D
70736 Fellbach
Private limited company
14.08.2007 - 01.10.2008 Oerlikon
Accotex Texparts GmbH
Maria-Merian-Str. 8
D 70736 Fellbach
Private
limited company
01.10.2008 - 12.07.2013 Oerlikon
Textile Components GmbH
Maria-Merian-Str. 8
D 70736 Fellbach
Private limited company
14.10.2010 - 04.05.2015 Manager
Daniel Christian Lippuner
CH Feusisberg
Main industrial sector
28493 Manufacture of chucking tools and other
machine tool components
Secondary industrial sector
46692 Wholesale of other machinery
96090 Other service activities n. e. c.
Branch:
Saurer Components GmbH
Gustav-Stresemann-Weg 1
D 48155 Münster
TEL.: 0251/609380
FAX.: 0251/60938138
Branch:
Saurer Components GmbH
Am Sandradl 18
D 92526 Oberviechtach
Reg. entry: 06.08.2008
Branch:
Saurer Components GmbH
Fuldaer Str. 19
D 97762 Hammelburg
TEL.: 09732/87224
FAX.: 09732/914515
Payment experience: Regular
Negative information:We have no negative
information at hand.
Balance sheet year: 2014
Type of ownership: Tenant
Address Maria-Merian-Str.
8
D 70736 Fellbach
Land register documents were not available.
Principal bank
DEUTSCHE BANK, 70049 STUTTGART
Sort. code: 60070070
BIC: DEUTDESSXXX
Turnover: 2013 EUR 108,667,403.00
2014 EUR 112,115,018.00
Profit: 2013 EUR 4,474,357.00
2014 EUR 4,330,575.00
further business figures:
Equipment: EUR 1,906,938.00
Ac/ts receivable: EUR 35,548,932.00
Liabilities: EUR 8,573,287.00
Employees:
431
- thereof permanent staff: 431
Control and profit transfer agreement to:
Saurer Germany GmbH &
Co. KG
Leverkuser Str. 65
D 42897 Remscheid
BALANCE SHEETS
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 49.80
Liquidity ratio: 1.77
Return on total capital [%]: 9.53
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 53.95
Liquidity ratio: 2.04
Return on total capital [%]: 10.10
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 54.85
Liquidity ratio: 1.70
Return on total capital [%]: 8.79
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 52.42
Liquidity ratio: 1.68
Return on total capital [%]: 3.28
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: electronic German Federal Gazette
Financial year: 01.01.2014 - 31.12.2014
ASSETS EUR 67,118,533.32
Fixed assets EUR 15,016,678.92
Intangible assets EUR 1,518,309.82
Concessions, licences,
rights EUR 620,000.62
Goodwill EUR 898,309.20
Tangible assets EUR 13,498,369.10
Land / similar
rights EUR 110,497.78
Plant / machinery EUR 9,213,651.50
Other tangible assets /
fixtures and
fittings EUR 1,906,937.91
Advance payments made /
construction
in progress EUR 2,267,281.91
Current assets EUR 52,082,342.93
Stocks EUR 16,286,468.68
Raw materials,
consumables and
supplies EUR 2,802,689.77
Finished goods / work in
progress EUR 13,483,778.91
Accounts receivable EUR 35,548,932.34
Trade debtors EUR 8,345,885.31
Amounts due from related
companies EUR
25,291,951.95
Other debtors and
assets EUR 1,911,095.08
Liquid means EUR 246,941.91
Remaining other
assets EUR 19,511.47
Accruals (assets) EUR 19,511.47
LIABILITIES EUR 67,118,533.32
Shareholders' equity EUR 44,314,793.88
Capital EUR 51,400.00
Subscribed capital
(share capital) EUR 51,400.00
Reserves EUR 39,789,036.74
Capital reserves EUR 39,789,036.74
Balance sheet profit/loss
(+/-) EUR 4,474,357.14
Profit / loss brought forward EUR 4,474,357.14
Provisions EUR 14,230,452.44
Pension provisions and
comparable
provisions EUR 5,236,499.00
Provisions for taxes EUR 41,255.00
Other / unspecified
provisions EUR 8,952,698.44
Liabilities EUR 8,573,287.00
Other liabilities EUR 8,573,287.00
Trade creditors (for IAS
incl. bills
of exchange) EUR 2,950,773.92
Liabilities from
received advance
payments EUR 253,373.95
Liabililties due to
related companiesEUR 4,364,375.71
Unspecified other
liabilities EUR 1,004,763.42
PROFIT AND LOSS ACCOUNT (cost of sales method)
according to Comm.
Code (HGB)
Sales EUR 112,115,017.77
Manufacturing costs EUR 90,641,541.46
Gross result on sales EUR 21,473,476.31
Distribution costs EUR 13,612,588.96
General administration
expenses EUR 809,062.42
Other operating
income EUR 1,825,914.65
Other operating
expenses EUR 3,891,415.27
Operating result from
continuing
operations EUR 4,986,324.31
Interest result (+/-) EUR -608,147.69
Interest and similar
income EUR 24,415.31
thereof from related
companies EUR 24,415.31
Interest and similar
expenses EUR 632,563.00
Financial result (+/-) EUR -608,147.69
Result from ordinary
operations (+/-) EUR 4,378,176.62
Expenses for transfer of
profits to a
parent company EUR 4,330,574.63
Income tax / refund of
income tax (+/-)EUR 5,904.17
Other taxes / refund of
taxes EUR -53,506.16
Tax (+/-) EUR -47,601.99
Annual surplus / annual
deficit EUR 0.00
Type of balance
sheet: Company balance sheet
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2013 - 31.12.2013
ASSETS EUR 64,716,202.41
Fixed assets EUR 14,640,809.06
Intangible assets EUR 1,723,029.24
Concessions, licences,
rights EUR 706,527.60
Goodwill EUR 1,016,501.64
Tangible assets EUR 12,917,779.82
Land / similar
rights EUR 139,887.40
Plant / machinery EUR 9,277,492.79
Other tangible assets /
fixtures and
fittings EUR 1,298,586.08
Advance payments made /
construction
in progress EUR 2,201,813.55
Current assets EUR 50,069,695.39
Stocks EUR
15,668,089.06
Raw materials,
consumables and
supplies EUR 2,799,251.89
Finished goods / work in
progress EUR 12,868,837.17
Accounts receivable EUR 34,156,917.64
thereof total due from
shareholders EUR 19,393,844.04
Trade debtors EUR 11,462,791.53
Amounts due from related
companies EUR 20,139,318.18
Other debtors and
assets EUR 2,554,807.93
Liquid means EUR 244,688.69
Remaining other
assets EUR 5,697.96
Accruals (assets) EUR 5,697.96
LIABILITIES EUR 64,716,202.41
Shareholders' equity EUR 44,314,793.88
Capital EUR 51,400.00
Subscribed capital
(share capital) EUR 51,400.00
Reserves EUR 39,789,036.74
Capital reserves EUR 39,789,036.74
Balance sheet profit/loss
(+/-) EUR 4,474,357.14
Annual surplus / annual
deficit EUR 4,474,357.14
Provisions EUR 12,930,268.87
Pension provisions and
comparable
provisions EUR 4,504,755.00
Provisions for taxes EUR 470,000.00
Other / unspecified provisions EUR 7,955,513.87
Liabilities EUR 7,471,139.66
Other liabilities EUR 7,471,139.66
Trade creditors (for IAS
incl. bills
of exchange) EUR
3,423,771.89
Liabilities from
received advance
payments EUR 71,385.17
Liabililties due to
related companiesEUR
2,751,976.83
Unspecified other
liabilities EUR 1,224,005.77
PROFIT AND LOSS ACCOUNT (cost of sales method)
according to Comm.
Code (HGB)
Sales EUR 108,667,402.61
Manufacturing costs EUR 86,849,865.29
Gross result on sales EUR 21,817,537.32
Other operating
income EUR 1,605,870.79
Other operating
expenses EUR 16,392,706.62
Operating result from
continuing
operations EUR 7,030,701.49
Interest result (+/-) EUR -420,980.60
Interest and similar
income EUR 14,880.28
thereof from related
companies EUR 14,871.11
Interest and similar
expenses EUR 435,860.88
thereof paid to related
companies EUR 0.00
Financial result
(+/-) EUR -420,980.60
Result from ordinary
operations (+/-) EUR 6,609,720.89
Income tax / refund of
income tax (+/-)EUR -2,089,019.81
Other taxes / refund of
taxes EUR -46,343.94
Tax (+/-) EUR -2,135,363.75
Annual surplus / annual
deficit EUR 4,474,357.14
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.63 |
|
|
1 |
Rs.100.65 |
|
Euro |
1 |
Rs.72.40 |
|
Euro |
1 |
Rs.72.50 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
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|
Report Prepared
by : |
TRU |
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.