|
Report No. : |
354206 |
|
Report Date : |
15.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
FIMA MASCHINENBAU GMBH |
|
|
|
|
Registered Office : |
Oberfischacher Str. 58, D 74423
Obersontheim |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
16.12.2002 |
|
|
|
|
Com. Reg. No.: |
HRB 571767 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
· Manufacture of other general-purpose machinery · Wholesale of other machinery, equipment and supplies |
|
|
|
|
No. of Employees : |
188 |
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 : |
Slow but correct |
|
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 |
FIMA MASCHINENBAU GMBH
Company Status: active
Oberfischacher Str. 58
D 74423 Obersontheim
Telephone:07973/693-0
Telefax: 07973/693-110
Homepage: www.fima-sha.de
E-mail:
info@fima.de
VAT
no.: DE814483116
Tax
ID number: 84060/54100
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 16.12.2002
Registered on: 06.09.2005
Commercial Register: Local court 70190
Stuttgart
under: HRB 571767
Share capital: EUR 2,000,000.00
Shareholder:
Schaeff Holding
CH 6052 Hergiswil
Legal form: Other legal
form
Share: EUR 1,880,000.00
Shareholder:
Leonie Schaeff
D 74523 Schwäbisch
Hall
born: 12.04.1991
Share: EUR 60,000.00
Shareholder:
Antonia Schaeff
D 74523 Schwäbisch Hall
born: 26.11.1993
Share: EUR 60,000.00
Manager:
Alexander Christoph
Schaeff
Ödenbühlsteige 12
D 74523 Schwäbisch Hall
born: 24.09.1962
Profession: graduate
engineer
Marital status: married
Manager:
Dr. Elmar Pongratz
Hinteres Iltisfeld 12
D 73527 Schwäbisch Gmünd
born: 27.05.1967
Manager:
Bernhard Schmitt
D 74523 Schwäbisch Hall
born: 27.02.1958
Proxy:
Christoph Gerhard Ludwig
Fischer
D 73492 Rainau
authorized to jointly
represent the company
born: 05.05.1965
Proxy:
Dieter Weinmann
Pfalzgrafenstr. 5
D 72818 Trochtelfingen
authorized to jointly
represent the company
born: 12.07.1956
Proxy:
Joachim Schmid
D 74599 Wallhausen
authorized to jointly
represent the company
born: 15.11.1958
Proxy:
Karl-Heinz Keck
D 74564 Crailsheim
authorized to jointly
represent the company
born: 07.12.1954
Further
functions/participations of Alexander Christoph Schaeff
(Manager)
General partner:
Karl Schaeff, Alexander
Schaeff, Harald
Schaeff, Hans Schaeff,
Anett Schaeff, Peter
Schaeff
Schaeffstr. 8
D 74595 Langenburg
Legal form: Partnership
under the Civil Code
Limited partner:
Windkraft
Beteiligungsgesellschaft mbH & Co.
Windpark Krummensee KG
Berliner Allee 59
D 40212 Düsseldorf
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 3,312,500.00
contribution:
Share: EUR 240,000.00
Registered
on: 17.12.2001
Reg. data: 40227 Düsseldorf, HRA 15025
Limited partner:
SCHAEFF Maschinen GmbH
& Co. KG
Karl-Kurz-Str. 6
D 74523 Schwäbisch Hall
Legal form: Ltd
partnership with priv. ltd.
company as general partner
Total cap. EUR 25,000.00
contribution:
Share: EUR 23,500.00
Registered
on: 03.05.2011
Reg. data: 70190 Stuttgart, HRA 726351
Shareholder:
SCHAEFF Maschinen
Verwaltung GmbH
Karl-Kurz-Str. 6
D 74523 Schwäbisch Hall
Legal form: Private
limited company
Share capital: EUR 50,000.00
Share: EUR 47,000.00
Registered
on: 21.05.2002
Reg. data: 70190 Stuttgart, HRB 571555
Shareholder:
Schaeff
Vermögensverwaltungs GmbH
Karl-Kurz-Str. 6
D 74523 Schwäbisch Hall
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 05.01.2015
Reg. data: 70190 Stuttgart, HRB 751284
Shareholder:
Cassius Bearbeitungs-GmbH
Bahnhofstr. 20
D 71717 Beilstein
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 26.02.2010
Reg. data: 70190 Stuttgart, HRB 732952
Manager:
Afag GmbH
Wernher-von-Braun-Str. 1
D 92224 Amberg
Legal form: Private
limited company
Share capital: EUR 350,000.00
Registered
on: 29.12.1977
Reg. data: 92224 Amberg, HRB 333
Manager:
Müller + Kurtz automation
GmbH
Herrenäckerstr. 7-9
D 73650 Winterbach
Legal form: Private
limited company
dissolved by
official decree
Share capital: EUR 1,000,000.00
Registered
on: 16.03.2000
Reg. data: 70190 Stuttgart, HRB 281827
Manager:
SCHAEFF Maschinen
Verwaltung GmbH
Karl-Kurz-Str. 6
D 74523 Schwäbisch Hall
Legal form: Private limited
company
Share capital: EUR 50,000.00
Registered
on: 21.05.2002
Reg. data: 70190 Stuttgart, HRB 571555
Manager:
Schaeff
Vermögensverwaltungs GmbH
Karl-Kurz-Str. 6
D 74523 Schwäbisch Hall
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 05.01.2015
Reg. data: 70190 Stuttgart, HRB 751284
16.12.2002 - 23.03.2003 FIMA Maschinenbau GmbH & Co. KG
Karl-Kurz-Str. 6
D 74523 Schwäbisch
Hall
Ltd partnership with
priv. ltd. company
as general partner
24.03.2003 - 24.03.2003 FIMA Maschinenbau GmbH & Co. KG
Oberfischacher
Str. 58
D 74423 Obersontheim
Ltd partnership with
priv. ltd. company
as general partner
06.11.2008 - 29.07.2015 Manager
Stephan Jakob
D 75172 Pforzheim
06.08.2010 - 28.03.2014 Manager
Lothar Scholz
D 73430 Aalen
Main industrial sector
28290
Manufacture of other general-purpose machinery
Secondary industrial sector
4669
Wholesale of other machinery, equipment and supplies
Shareholder:
Müller Immobilien
Verwaltungs-GmbH
Bussardstr. 49
D 73650 Winterbach
Legal form: Private
limited company
Company Status: active
Share capital: EUR 50,000.00
Share: EUR 25,500.00
Reg. data: 09.04.2003
Local court
70190 Stuttgart
HRB 571616
Payment experience: 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: proprietor
Share: 100.00 %
Address Oberfischacher Str. 58
D 74423 Obersontheim
Value at selling price: EUR 2,000,000.00
Land register documents were not available.
Principal bank
SPARKASSE SCHWÄBISCH HALL-CRAILSHEIM, 74504
SCHWÄBISCH HALL
Sort. code: 62250030, Account no.: 5013803
BIC: SOLADES1SHA, IBAN: DE73622500300005013803
Further bank
COMMERZBANK, 74004 HEILBRONN, NECKAR
Sort. code: 62040060
BIC: COBADEFFXXX
Gross profit or loss:2013 EUR 21,079,391.00
Profit: 2013 EUR
1,862,572.00
Equipment: EUR 639,330.00
Ac/ts receivable: EUR 6,717,554.00
Liabilities: EUR 6,347,865.00
Employees: 188
-
thereof permanent staff: 175
-
Trainees:
10
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity
ratio [%]: 46.66
Liquidity ratio: 1.06
Return on total capital [%]: 10.77
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 44.87
Liquidity ratio: 0.59
Return on total capital [%]: 8.04
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 41.68
Liquidity ratio: 0.87
Return on total capital [%]: 8.73
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity
ratio [%]: 38.73
Liquidity ratio: 0.65
Return on total capital [%]: 8.27
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: 01.01.2013 - 31.12.2013
ASSETS EUR 17,300,058.71
Fixed assets
EUR 4,257,149.26
Intangible assets
EUR 233,261.11
Concessions, licences, rights
EUR 233,261.11
Tangible assets
EUR 3,826,419.58
Land / similar rights
EUR 2,503,352.71
Plant / machinery
EUR 630,570.06
Other tangible assets / fixtures and
fittings EUR 639,329.94
Advance payments made / construction
in progress
EUR 53,166.87
Financial assets
EUR 197,468.57
Shares in participations /
subsidiaries
and the like EUR 197,468.57
Shares in related companies
EUR 197,468.57
Current assets
EUR 12,800,803.27
Stocks
EUR 6,053,789.30
Raw materials, consumables and
supplies
EUR 2,298,309.44
Finished goods / work in progress
EUR 10,056,425.49
Advance payments made
EUR 208,263.80
Minus received advance payments for
orders / installments for stocks
EUR -6,509,209.43
Accounts receivable
EUR 6,717,553.62
Trade debtors
EUR 6,098,545.34
Other debtors and assets
EUR 619,008.28
Liquid means
EUR 29,460.35
Remaining other assets
EUR 242,106.18
Accruals (assets)
EUR 242,106.18
LIABILITIES
EUR 17,300,058.71
Shareholders' equity
EUR 8,071,758.44
Capital
EUR 2,000,000.00
Subscribed capital (share capital)
EUR 2,000,000.00
Reserves EUR 1,709,942.44
Capital reserves
EUR 709,942.44
Retained earnings / revenue reserves EUR 1,000,000.00
Balance sheet profit/loss (+/-)
EUR 4,361,816.00
Profit / loss brought forward
EUR 2,499,244.30
Annual surplus / annual deficit
EUR 1,862,571.70
Provisions
EUR 2,880,435.17
Provisions for taxes
EUR 334,500.41
Other / unspecified provisions
EUR 2,545,934.76
Liabilities
EUR 6,347,865.10
Financial debts
EUR 3,561,671.95
Liabilities due to banks EUR 3,561,671.95
Other liabilities
EUR 2,786,193.15
Trade creditors (for IAS incl. bills
of exchange)
EUR 2,487,161.18
Unspecified other liabilities
EUR 299,031.97
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 21,079,390.62
Staff expenses
EUR 11,906,796.20
Wages and salaries EUR 9,948,578.55
Social security contributions and
expenses for pension plans and
benefits
EUR 1,958,217.65
Total depreciation
EUR 488,393.02
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 488,393.02
Other operating expenses
EUR 5,597,875.87
Operating result from continuing
operations EUR 3,086,325.53
Interest result (+/-)
EUR -465,790.64
Interest and similar income
EUR 23,509.46
Interest and similar expenses
EUR 489,300.10
Financial
result (+/-) EUR -465,790.64
Result from ordinary operations (+/-)
EUR 2,620,534.89
Income tax / refund of income tax (+/-)EUR -743,182.71
Other taxes / refund of taxes
EUR -14,780.48
Tax
(+/-)
EUR -757,963.19
Annual surplus / annual deficit
EUR 1,862,571.70
Type
of balance
sheet: Company balance sheet
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 15,264,106.36
Fixed assets
EUR 4,235,305.41
Intangible assets
EUR 150,165.55
Concessions, licences, rights
EUR 150,165.55
Tangible assets
EUR 4,040,671.29
Land / similar rights
EUR 2,608,469.71
Plant / machinery EUR 645,839.00
Other tangible assets / fixtures and
fittings
EUR 786,362.58
Financial assets
EUR 44,468.57
Shares in participations /
subsidiaries and the like
EUR 44,468.57
Shares in related companies
EUR 44,468.57
Current assets
EUR 10,861,011.66
Stocks
EUR 6,756,841.08
Raw
materials, consumables and
supplies
EUR 2,482,751.44
Finished goods / work in progress
EUR 9,315,580.24
Advance payments made
EUR 165,368.62
Minus received advance payments for
orders / installments for stocks
EUR -5,206,859.22
Accounts receivable
EUR 3,524,815.64
Trade debtors
EUR 2,634,618.91
Amounts due from related companies EUR 5,625.81
Other debtors and assets
EUR 884,570.92
Liquid means
EUR 579,354.94
Remaining other assets
EUR 167,789.29
Accruals (assets) EUR 167,789.29
LIABILITIES EUR 15,264,106.36
Shareholders' equity
EUR 6,849,186.73
Capital
EUR 2,000,000.00
Subscribed capital (share capital)
EUR 2,000,000.00
Reserves
EUR 1,709,942.44
Capital reserves
EUR 709,942.44
Retained earnings / revenue reserves EUR 1,000,000.00
Balance sheet profit/loss (+/-) EUR 3,139,244.29
Profit / loss brought forward
EUR 1,912,440.50
Annual surplus / annual deficit
EUR 1,226,803.79
Provisions
EUR 1,864,598.57
Provisions for taxes
EUR 116,800.00
Other / unspecified provisions
EUR 1,747,798.57
Liabilities
EUR 6,550,321.06
Financial debts
EUR 4,274,988.66
Liabilities due to banks
EUR 4,274,988.66
Other liabilities
EUR 2,275,332.40
Trade creditors (for IAS incl. bills
of exchange)
EUR 1,911,382.90
Unspecified other liabilities
EUR 363,949.50
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 18,260,087.07
Staff expenses EUR 10,538,637.02
Wages and salaries
EUR 8,854,409.69
Social security contributions and
expenses for pension plans and
benefits
EUR 1,684,227.33
Total depreciation
EUR 470,709.22
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 470,709.22
Other operating expenses
EUR 5,214,540.29
Operating result from continuing
operations
EUR 2,036,200.54
Result from participating interests
(+/-)
EUR -57,034.72
Expenses for participations
EUR 57,034.72
Expenses for other participations
EUR 57,034.72
Interest result (+/-)
EUR -286,510.84
Interest and similar income
EUR 24,123.27
Interest
and similar expenses EUR 310,634.11
Financial result (+/-)
EUR -343,545.56
Result from ordinary operations (+/-)
EUR 1,692,654.98
Income tax / refund of income tax (+/-)EUR -450,969.67
Other taxes / refund of taxes
EUR -14,881.52
Tax
(+/-)
EUR -465,851.19
Annual surplus / annual deficit
EUR 1,226,803.79
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.99 |
|
|
1 |
Rs.101.78 |
|
Euro |
1 |
Rs.73.47 |
|
EUR |
1 |
Rs.73.95 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
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.