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Report No. : |
352948 |
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Report Date : |
09.12.2015 |
IDENTIFICATION DETAILS
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Name : |
SCHMIEDEWERKE GRÖDITZ GMBH |
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Registered Office : |
Riesaer Str. 1 D 01609
Gröditz |
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Country : |
Germany |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
15.10.1999 |
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Legal Form : |
Private limited company |
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Line of Business : |
·
Forging, pressing, stamping
and roll-forming of metal; powder metallurgy ·
Wholesale of non-ferrous
ores, metals and metal semi-finished goods ·
Manufacture of other
fabricated metal products n.e.c. ·
Wholesale of iron ores,
iron, steel and iron and steel semi-finished goods |
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No. of Employee : |
792 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Good |
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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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 |
Schmiedewerke Gröditz GmbH
Riesaer Str. 1
D 01609 Gröditz
Telephone:035263/620
Telefax: 035263/68219
Homepage:
www.stahl-groeditz.de
E-mail: vertrieb@stahl-groeditz.de
Active
DE813144890
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 15.10.1999
Shareholders'
agreement: 15.10.1999
Registered on: 17.10.2000
Commercial Register: Local court 01069 Dresden
under: HRB
18946
Share capital: EUR 25,000.00
Shareholder:
GMH Schmiedetechnik GmbH
Neue Hüttenstr. 1
D 49124 Georgsmarienhütte
Legal form: Private
limited company
Share capital: EUR 2,600,000.00
Share: EUR 25,000.00
Registered on: 13.03.2009
Reg. data: 49074
Osnabrück, HRB 202891
Profit transfer agreement
Manager:
Dr. Ing. Andreas Scharf
Am Heid 29a
D 57399 Kirchhundem
having sole power of
representation
born: 19.05.1959
Manager:
Dipl.-Volkswirt Bernd
Rimann
Kiefholz 7
D 44287 Dortmund
born: 12.07.1966
Profession: Master of
Business
Administration MBA
Manager:
Dr. Robert Kühn
D 01468 Moritzburg
born: 18.12.1968
President of the Supervisory Board:
Dr. Michael Fuchs
D 10117 Berlin
Marital status: unknown
Vice-president of the Supervisory Board:
Uwe Jahn
Goethestr. 23
D 01609 Gröditz
born: 12.06.1959
Profession: graduate
engineer
Member of the Supervisory Board:
Prof. Dr. Jörg Beindorf
Hinter Neuburgshof 26
D 47807 Krefeld
born: 18.07.1952
Profession: graduate
engineer
Marital status: unknown
Member of the Supervisory Board:
Liselotte Müller
D 04924 Kröbeln
Marital status: unknown
Member of the Supervisory Board:
Hermann Weimer
D 01609 Gröditz
Member of the Supervisory Board:
Nele Heß
Alte Jakobstr. 149
D 10969 Berlin
Proxy:
Detlef Schwerdt
In den Wiesen 19
D 51467 Bergisch Gladbach
authorized to jointly
represent the company
born: 09.10.1955
Profession: Clerk
Marital status: married
Proxy:
Peter Gork
Mozartstr. 3
D 04107 Leipzig
authorized to jointly
represent the company
born: 20.01.1959
Proxy:
Sascha Borrmann
D 01609 Gröditz
authorized to jointly
represent the company
born: 02.07.1976
Further functions/participations of Dr. Ing.
Andreas Scharf
(Manager)
Manager:
GMH Schmiedetechnik GmbH
Neue Hüttenstr. 1
D 49124 Georgsmarienhütte
Legal form: Private
limited company
Share capital: EUR 2,600,000.00
Registered
on: 13.03.2009
Reg. data: 49074 Osnabrück, HRB 202891
Manager:
Gröditzer
Vertriebsgesellschaft mbH
Halskestr. 23-25
D 47877 Willich
Legal form: Private
limited company
Share capital: EUR 160,000.00
Registered
on: 09.04.1998
Reg. data: 47798 Krefeld, HRB 6446
Manager:
Gröditzer Werkzeugstahl
Burg GmbH
Troxel 1b
D 39288 Burg
Legal form: Private
limited company
Share capital: EUR 26,000.00
Registered
on: 05.06.2001
Reg. data: 39576 Stendal, HRB 3627
Manager:
Gröditzer Kurbelwelle
Wildau GmbH
Schmiedestr.
D 15745 Wildau
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 01.06.2004
Reg. data: 03044 Cottbus, HRB 9992 CB
Manager:
ET Edelstahl Trading GmbH
Halskestr. 23-25
D 47877 Willich
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 18.12.2007
Reg. data: 47798 Krefeld, HRB 11781
Manager:
GMH Ringvertriebs GmbH
Halskestr. 27
D 47877 Willich
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 06.01.2010
Reg. data: 47798 Krefeld, HRB 12765
Further functions/participations of
Dipl.-Volkswirt Bernd Rimann
(Manager)
Manager:
GMH Schmiedetechnik GmbH
Neue Hüttenstr. 1
D 49124 Georgsmarienhütte
Legal form: Private limited
company
Share capital: EUR 2,600,000.00
Registered
on: 13.03.2009
Reg. data: 49074 Osnabrück, HRB 202891
Manager:
Gröditzer
Vertriebsgesellschaft mbH
Halskestr. 23-25
D 47877 Willich
Legal form: Private
limited company
Share capital: EUR 160,000.00
Registered
on: 09.04.1998
Reg. data: 47798 Krefeld, HRB 6446
Manager:
GMH Systems Ost GmbH
Riesaer Str. 1
D 01609 Gröditz
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 22.02.2008
Reg. data: 01069 Dresden, HRB 26432
Further functions/participations of Dr. Robert
Kühn (Manager)
Manager:
GMH Schmiedetechnik GmbH
Neue Hüttenstr. 1
D 49124 Georgsmarienhütte
Legal form: Private
limited company
Share capital: EUR 2,600,000.00
Registered
on: 13.03.2009
Reg. data: 49074 Osnabrück, HRB 202891
Manager:
Gröditzer Vertriebsgesellschaft
mbH
Halskestr. 23-25
D 47877 Willich
Legal form: Private
limited company
Share capital: EUR 160,000.00
Registered
on: 09.04.1998
Reg. data: 47798 Krefeld, HRB 6446
Manager:
Gröditzer Kurbelwelle
Wildau GmbH
Schmiedestr.
D 15745 Wildau
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 01.06.2004
Reg. data: 03044 Cottbus, HRB 9992 CB
15.10.1999 - 28.05.2000 Einhundertdreiundvierzigste
KOPA
Vermögensvrwaltungsgesellschaft
mbH
Pelzerstr. 5
D 20095 Hamburg
Private limited company
30.10.2008 - 02.07.2014 Manager
Uwe Reinecke
D 15741 Bestensee
Main industrial sector
2550 Forging, pressing, stamping and
roll-forming of metal; powder metallurgy
46722 Wholesale of non-ferrous ores, metals and
metal semi-finished goods
Secondary industrial sector
2599 Manufacture of other fabricated metal
products n.e.c.
46721 Wholesale of iron ores, iron, steel and iron
and steel semi-finished goods
Shareholder:
Qualifizierungszentrum
Region Riesa GmbH
Alleestr. 43
D 01591 Riesa
Legal form: Private
limited company
Company Status: active
Share capital: EUR 97,145.46
Share: EUR 10,225.84
Reg. data: 15.08.1991
Local court 01069
Dresden
HRB 2482
Payment experience: No Complaints
Negative information:We have
no negative information at hand.
Balance sheet year: 2014
Type of ownership: proprietor
Share: 100.00 %
Address Riesaer
Str. 1
D 01609 Gröditz
Land register documents were not available.
Principal banks
DEUTSCHE BANK, 39001 MAGDEBURG
Sort. code: 81070000
BIC: DEUTDE8MXXX
LANDESBANK
BADEN-WÜRTTEMBERG/BADEN-WÜRTTEMBERGISCHE BANK, 70144
STUTTGART
Sort. code: 60050101
BIC: SOLADEST600
Further banks
COMMERZBANK VORMALS DRESDNER BANK, 49007
OSNABRÜCK
Sort. code: 26580070
BIC: DRESDEFF265
SPARKASSE MEIßEN, 01587 RIESA
Sort. code: 85055000
BIC: SOLADES1MEI
Turnover: 2014 EUR 191,869,000.00
Equipment: EUR 1,573,025.00
Ac/ts receivable: EUR 36,097,971.00
Liabilities: EUR 41,495,440.00
Employees:
792
- Trainees:
54
Profit transfer agreement to:
GMH Schmiedetechnik GmbH
Neue Hüttenstr. 1
D 49124 Georgsmarienhütte
BALANCE SHEETS
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 62.99
Liquidity ratio: 4.76
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 63.51
Liquidity ratio: 10.00
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 66.83
Liquidity ratio: 10.00
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.
Type of balance
sheet: Company balance sheet
Origin of the present
balance sheet: self-disclosure
Financial year: 01.01.2014 - 31.12.2014
ASSETS EUR 105,864,532.07
Fixed assets EUR 20,622,088.13
Intangible assets EUR 410,227.00
Concessions, licences,
rights EUR 410,227.00
Tangible assets EUR 19,489,663.90
Land / similar
rights EUR 2,670,559.69
Plant / machinery EUR 15,060,545.00
Other tangible assets /
fixtures and
fittings EUR 1,573,025.42
Advance payments made /
construction
in progress EUR 185,533.79
Financial assets EUR 722,197.23
Shares in participations
/
subsidiaries and the
like EUR 20,910.20
Other / unspecified
financial assets EUR
701,287.03
Current assets EUR 85,132,005.19
Stocks EUR 38,865,475.59
Raw materials,
consumables and
supplies EUR 6,604,701.68
Finished goods / work in
progress EUR 34,290,886.09
Minus received advance
payments for
orders / installments
for stocks EUR -2,030,112.18
Accounts receivable EUR
36,097,970.51
Trade debtors EUR 5,801,658.93
Amounts due from related
companies EUR 25,303,257.73
Other debtors and
assets EUR 4,993,053.85
Liquid means EUR 10,168,559.09
Remaining other
assets EUR 110,438.75
Accruals (assets) EUR 110,438.75
LIABILITIES EUR 105,864,532.07
Shareholders' equity EUR 42,357,706.69
Capital EUR 25,000.00
Subscribed capital
(share capital) EUR 25,000.00
Reserves EUR 42,332,706.69
Capital reserves EUR 42,000,000.00
Retained earnings /
revenue reserves EUR
332,706.69
Items between
shareholders' equity and
debt capital EUR 1,156,948.00
Allowances / bonuses EUR 1,156,948.00
Provisions EUR 20,854,437.23
Pension provisions and
comparable
provisions EUR 701,287.03
Provisions for taxes EUR 110,000.00
Other / unspecified
provisions EUR 20,043,150.20
Liabilities EUR 41,495,440.15
Financial debts EUR 8.27
Liabilities due to banks EUR 8.27
Other liabilities EUR 41,495,431.88
Trade creditors (for IAS
incl. bills
of exchange) EUR 14,441,311.94
Liabilities due to
shareholders EUR
23,746,565.29
Liabililties due to
related companiesEUR
891,531.10
Liabilities due to
investee companiesEUR
12,684.40
Unspecified other
liabilities EUR 2,403,339.15
thereof liabilities from
tax /
financial
authorities EUR 425,956.97
thereof liabilities
from social
security EUR 18,103.47
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 104,801,393.87
Fixed assets EUR 25,074,701.53
Intangible assets EUR 764,001.00
Concessions, licences,
rights EUR 764,001.00
Tangible assets EUR 23,336,760.04
Land / similar
rights EUR 2,726,429.69
Plant / machinery EUR 18,599,346.00
Other tangible assets /
fixtures and
fittings EUR 1,610,202.00
Advance payments made /
construction
in progress EUR 400,782.35
Financial assets EUR 973,940.49
Shares in participations
/
subsidiaries and the
like EUR 20,910.20
Other / unspecified
financial assets EUR
953,030.29
Current assets EUR 79,664,601.82
Stocks EUR 37,167,141.08
Raw materials,
consumables and
supplies EUR 5,969,209.89
Finished goods / work in
progress EUR 35,292,411.18
Minus received advance
payments for
orders / installments
for stocks EUR -4,094,479.99
Accounts receivable EUR 15,362,069.22
Trade debtors EUR
1,627,867.98
Amounts due from related
companies EUR 8,520,790.69
Other debtors and
assets EUR 5,213,410.55
Liquid means EUR 27,135,391.52
Remaining other assets EUR 62,090.52
Accruals (assets) EUR 62,090.52
LIABILITIES EUR 104,801,393.87
Shareholders' equity EUR 60,037,641.95
Capital EUR 25,000.00
Subscribed capital
(share capital) EUR 25,000.00
Reserves EUR 60,012,641.95
Capital reserves EUR 59,679,935.26
Retained earnings /
revenue reserves EUR
332,706.69
Items between
shareholders' equity and
debt capital EUR 1,377,756.00
Allowances / bonuses EUR 1,377,756.00
Provisions EUR 18,593,170.90
Pension provisions and
comparable
provisions EUR 953,030.29
Provisions for taxes EUR 5,600.00
Other / unspecified
provisions EUR 17,634,540.61
Liabilities EUR 24,788,875.02
Financial debts EUR 441,648.95
Liabilities due to
banks EUR 441,648.95
Other liabilities EUR 24,347,226.07
Trade creditors (for IAS
incl. bills
of exchange) EUR 14,842,829.48
Liabilities due to
shareholders EUR 5,831,921.18
Liabililties due to
related companiesEUR
1,294,956.71
Liabilities due to
investee companiesEUR
10,546.00
Unspecified other
liabilities EUR 2,366,972.70
thereof liabilities
from tax /
financial
authorities EUR 416,257.36
thereof liabilities
from social
security EUR 18,692.00
Other liabilities EUR 3,950.00
Deferrals
(liabilities) EUR 3,950.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.80 |
|
|
1 |
Rs.100.49 |
|
Euro |
1 |
Rs.72.52 |
|
Euro |
1 |
Rs.72.80 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.