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Report No. : |
353226 |
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Report Date : |
10.12.2015 |
IDENTIFICATION DETAILS
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Name : |
JAEGERTOOL HELMUT JAEGER GMBH |
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Registered Office : |
Wilhelm-Idel-Str. 11 D 42929 Wermelskirchen,
Post Box: 13 44, D 42906 Wermelskirchen |
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Country : |
Germany |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
01.04.1963 |
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Com. Reg. No.: |
HRB 36255 |
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Legal Form : |
Private limited company |
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Line of Business : |
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Employees: |
4 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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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 : |
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 |
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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.
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Source
: CIA |
JAEGERTOOL HELMUT JAEGER GMBH
Company Status: active
Wilhelm-Idel-Str. 11
D 42929 Wermelskirchen
Post Box:
13 44, D 42906 Wermelskirchen
Telephone:02196/843-0
Telefax: 02196/84333
E-mail:
jaegertool@aol.com
VAT no.: DE123716134
Business relations are permissible.
LEGAL FORM
Private limited company
Date of foundation: 01.04.1963
Shareholders'
agreement: 26.04.1976
Registered on: 30.06.1976
Commercial Register: Local court 50939 Köln
under: HRB
36255
Share capital: EUR 204,516.76
Shareholder:
Sigmund Jaeger
Neuenhöhe 44
D 42929 Wermelskirchen
born: 20.05.1950
Share: EUR 204,261.11
Shareholder:
Elma Jäger
Blumenweg 4
D 42929 Wermelskirchen
Share: EUR 255.65
Manager:
Sigmund Jaeger
Neuenhöhe 44
D 42929 Wermelskirchen
having sole power of
representation
born: 20.05.1950
Profession: Businessman
Marital status: single
Further
functions/participations of Sigmund Jaeger (Manager)
General
partner:
Richard Becker oHG
Wilhelm-Idel-Str. 11
D 42929 Wermelskirchen
Legal form: General
Partnership
Registered
on: 26.02.1907
Reg. data: 50939 Köln, HRA 15972
01.04.1963 - 30.06.1976 Helmut Jaeger
D 42929
Wermelskirchen
Unregistered
commercial enterprise
30.06.1976 - 06.11.1980 Helmut Jaeger Gesellschaft
mitbeschränkter
Haftung
D 42929
Wermelskirchen
Private limited
company
06.11.1980 - 03.06.1984 Helmut Jaeger GmbH
D 42929
Wermelskirchen
Private limited
company
Main industrial sector
4662
Wholesale of machine tools
46692
Wholesale of other machinery
46741
Wholesale of tools and hardware
Payment experience: takes
advantage of cash discount
Negative information: We have no negative information at hand.
Balance sheet year: 2014
PMI: No
significant / relevant payment experience information pertaining to the company
inquired upon is shown in the Deutscher Debitoren
Monitor (DDMonitor).
Type of ownership: part
owner
Share:
50.00 %
Address Wilhelm-Idel-Str. 11
D 42929 Wermelskirchen
Land register documents were not available.
COMMERZBANK, 42904 WERMELSKIRCHEN
Sort. code: 34040049
BIC: COBADEFFXXX
DEUTSCHE
BANK, 42897 REMSCHEID
Sort. code: 34070093
BIC: DEUTDEDW340
Turnover: 2014 *EUR 730,000.00
Profit: 2013 EUR 36,215.00
2014 EUR 1,847.00
further business figures:
Equipment: *EUR 28,000.00
Ac/ts receivable: EUR
460,348.00
Liabilities: EUR 54,367.00
Total numbers of vehicles: 1
- Passenger cars: 1
Employees:
4
The business figures marked with an asterisk
are estimates based on average values
in the line of business.
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 92.36
Liquidity ratio: 10.00
Return
on total capital [%]: 0.22
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 81.53
Liquidity ratio: 10.00
Return on total capital [%]: 3.87
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 78.09
Liquidity ratio: 10.00
Return on total capital [%]: 10.76
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 74.30
Liquidity ratio: 10.00
Return on total capital [%]: 17.26
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 829,140.31
Fixed assets EUR 14,133.00
Tangible assets
EUR 14,133.00
Current assets
EUR 814,307.31
Stocks
EUR 38,904.26
Accounts receivable EUR 460,348.24
Liquid means
EUR 315,054.81
Remaining other assets
EUR 700.00
Accruals (assets)
EUR 700.00
LIABILITIES EUR 829,140.31
Shareholders' equity
EUR 765,773.50
Capital
EUR 204,516.75
Subscribed capital (share capital)
EUR 204,516.75
Reserves
EUR 559,409.47
Retained earnings / revenue reserves EUR 559,409.47
Balance sheet profit/loss (+/-)
EUR 1,847.28
Annual surplus / annual deficit
EUR 1,847.28
Provisions
EUR 9,000.00
Liabilities
EUR 54,366.81
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 936,945.53
Fixed assets
EUR 17,393.00
Tangible assets
EUR 17,393.00
Current assets
EUR 918,852.53
Stocks
EUR 7,359.25
Accounts receivable
EUR 638,616.05
Liquid means EUR 272,877.23
Remaining other assets
EUR 700.00
Accruals (assets)
EUR 700.00
LIABILITIES EUR 936,945.53
Shareholders' equity
EUR 763,926.22
Capital
EUR 204,516.75
Subscribed capital (share capital)
EUR 204,516.75
Reserves
EUR 523,194.80
Retained
earnings / revenue reserves EUR
523,194.80
Balance sheet profit/loss (+/-)
EUR 36,214.67
Annual surplus / annual deficit
EUR 36,214.67
Provisions
EUR 36,978.00
Liabilities
EUR 136,041.31
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.75 |
|
|
1 |
Rs.100.29 |
|
Euro |
1 |
Rs.72.89 |
|
EUR |
1 |
Rs.73.27 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
KAS |
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Report Prepared
by : |
SDA |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall
operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
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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.