MIRA INFORM REPORT

 

 

Report No. :

354434

Report Date :

15.12.2015

 

IDENTIFICATION DETAILS

 

Name :

SCHATTDECOR AG

 

 

Registered Office :

Walter-Schatt-Allee 1-3, D 83101 Rohrdorf Post Box: 51

 

 

Country :

Germany

 

 

Date of Incorporation :

30.03.1989

 

 

Com. Reg. No.:

HRB 13582

 

 

Legal Form :

Public Limited Company

 

 

Line of Business :

·         Manufacture of pulp

·         Other printing

·         Retail sale of periodicals, newspapers, stationery and office supplies

 

 

No. of Employees :

Not Available

 

 

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

 

 

Company Name and Address

 

SCHATTDECOR AG

 

 Company Status:      active

                      Walter-Schatt-Allee 1-3

                      D 83101 Rohrdorf

                      Post Box:

                      51

                      Telephone:08031/275-0

                      Telefax:  08031/275-125

                      Homepage: www.schattdecor.de

                      E-mail:   info@schattdecor.de

 

 VAT no.:             DE813198185

 

 

CONCLUSION

 

 Business relations are permissible.

 

 

Company Summary

 

 LEGAL FORM              Public limited company

 Date of foundation:      30.03.1989

 Registered on:             27.04.2001

 Commercial Register:   Local court 83278 Traunstein

 under:                          HRB 13582

 

 

Share capital                         

 

EUR         21,250,000.00

 

 President of the Board of Directors:

                      Reiner Schulz

                      Am Gereut 30

                      D 83115 Neubeuern

                      authorized to jointly represent the company

                      born: 12.08.1957

                      Profession: Businessman

 Member of the Board of Directors:

                      Kurt Mack

                      D 83115 Neubeuern

                      authorized to jointly represent the company

                      born: 03.02.1956

 Member of the Board of Directors:

                      Roland Heeger

                      D 83064 Raubling

                      authorized to jointly represent the company

                      born: 03.05.1962

 Member of the Board of Directors:

                      Harald Purainer

                      D 83022 Rosenheim

                      authorized to jointly represent the company

                      born: 14.09.1968

 Member of the Board of Directors:

                      Roland Auer

                      D 83115 Neubeuern

                      authorized to jointly represent the company

                      born: 05.10.1968

 President of the Supervisory Board:

                      Walter Schatt

                      Am Weinberg 18

                      D 83115 Neubeuern

                      born: 13.09.1941

                      Profession: Businessman

                      Marital status: married

 Vice-president of the Supervisory Board:

                      Anja Schatt-Steiner

                      D 83115 Neubeuern

                      born: 09.08.1976

 Member of the Supervisory Board:

                      Ursula Schatt

                      Am Weinberg 18

                      D 83115 Neubeuern

                      born: 10.07.1940

                      Marital status: married

 Member of the Supervisory Board:

                      Sonja Schatt-Fritsch

                      D 83115 Neubeuern

                      born: 03.03.1975

                      née: Schatt

 Member of the Supervisory Board:

                      Dr. Susanne Weiss

                      Hinterbärenbadstr. 89

                      D 81373 München

                      Profession: Solicitor

 Member of the Supervisory Board:

                      Bruno Walt

                      FL  Schaan

                      Nationality: Liechtenstein

                      Marital status: unknown

 Proxy:

                      Ulrich Ringelberg

                      D 83115 Neubeuern

                      authorized to jointly represent the company

                      born: 03.03.1964

 Proxy:

                      Klaus Steinger

                      D 83134 Prutting

                      authorized to jointly represent the company

                      born: 08.11.1953

 Proxy:

                      Markus Höhn

                      D 83022 Rosenheim

                      authorized to jointly represent the company

                      born: 02.05.1963

 Proxy:

                      Harry Schulz

                      D 83115 Neubeuern

                      authorized to jointly represent the company

                      born: 23.11.1961

 Proxy:

                      Klaus Müller

                      D 33142 Büren

                      authorized to jointly represent the company

                      born: 27.03.1969

 Proxy:

                      Claudia Küchen

                      Saarbrücker Str. 5

                      D 81379 München

                      authorized to jointly represent the company

                      born: 21.11.1968

 Proxy:

                      Michael Then

                      D 83022 Rosenheim

                      authorized to jointly represent the company

                      born: 02.04.1966

 Proxy:

                      Claus Neuffer

                      D 73277 Owen

                      authorized to jointly represent the company

                      born: 09.10.1972

 Proxy:

                      Dieter Hüttlinger

                      D 83059 Kolbermoor

                      authorized to jointly represent the company

                      born: 19.11.1959

 Proxy:

                      Robert Vuga

                      D 83043 Bad Aibling

                      authorized to jointly represent the company

                      born: 28.04.1972

 

Further functions/participations of Harald Purainer (Member of the Board of Directors)

 

 Shareholder:

                      ROCTIV GmbH

                      Sonnenstr. 13

                      D 83022 Rosenheim

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Share:             EUR             25,000.00

                      Registered

                      on:         05.01.2015

                      Reg. data:  83278 Traunstein, HRB 24020

 Manager:

                      ROCTIV GmbH

                      Sonnenstr. 13

                      D 83022 Rosenheim

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         05.01.2015

                      Reg. data:  83278 Traunstein, HRB 24020

 

 

COMPANY HISTORY

 

 30.03.1989 - 29.09.1995  Schattdecor, Inh.Walter Schatt

                          Am Weinberg 18

                          D 83115 Neubeuern

                          Sole proprietorship

 29.09.1995 - 28.12.1998  Schattdecor Walter Schatt GmbH

                          Rosenheimer Str. 70

                          D 83115 Neubeuern

                          Private limited company

 28.12.1998 - 27.04.2001  schattdecor GmbH & Co. KG

                          Rosenheimer Str. 70

                          D 83101 Rohrdorf

                          Ltd partnership with priv. ltd. company

                          as general partner

 27.04.2001 - 17.05.2001  schattdecor AG

                          Rosenheimer Str. 70

                          D 83101 Rohrdorf

                          Public limited company

 13.11.2002 - 24.05.2005  schattdecor AG

                          Rosenheimer Str. 70

                          D 83101 Rohrdorf

                          Public limited company

 25.05.2007 - 21.04.2009  schattdecor AG

                          Rosenheimer Str. 70 OT Thansau

                          D 83101 Rohrdorf

                          Public limited company

 

 

RESIGNED ACTING PERSONS AND SHAREHOLDERS

 

 02.12.2010 - 12.12.2013  Member of the Supervisory Board

                          Prof.Dr.Dr. Dietrich Weber

                          D 72764 Reutlingen

 02.12.2010 - 12.12.2013  Member of the Supervisory Board

                          Dr. Herbert Blanz

                          D 82049 Pullach

 

 

BUSINESS ACTIVITIES

 

 Main industrial sector

 1711    Manufacture of pulp

1812    Other printing

4762    Retail sale of periodicals, newspapers, stationery and office supplies

 

 

FINANCIAL INFORMATION

 

Payment experience:  within agreed terms

 

Negative information:We have no negative information at hand.

 

 

REAL ESTATE

 

 Type of ownership:       Tenant

 Address                       Walter-Schatt-Allee 1-3

                                     D 83101 Rohrdorf

 

 Land register documents were not available.

 

 

BANKERS

 

 Principal bank

 COMMERZBANK VORMALS DRESDNER BANK, 83011 ROSENHEIM, OBERBAY

 Sort. code: 71180005

 BIC: DRESDEFF711

 

 Further banks

 SPARKASSE ROSENHEIM-BAD AIBLING, 83004 ROSENHEIM, OBERBAY

 Sort. code: 71150000

 BIC: BYLADEM1ROS

 VR BANK ROSENHEIM-CHIEMSEE -ALT-, 83006 ROSENHEIM, OBERBAY

 Sort. code: 71160161

 BIC: GENODEF1ROR

 UNICREDIT BANK - HYPOVEREINSBANK, 83001 ROSENHEIM, OBERBAY

 Sort. code: 71120077

 BIC: HYVEDEMM448

 

 

FINANCIAL FIGURES

 

 Financial year:      01.01. - 31.12.

 The number of employees is not known.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.99

UK Pound

1

Rs.101.78

Euro

1

Rs.73.47

EUR

1

Rs.73.98

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

KAS

 

 

Report Prepared by :

NIT

 

               

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.