|
Report No. : |
354126 |
|
Report Date : |
15.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
SCHNEEBERGER
GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG |
|
|
|
|
Registered Office : |
Gräfenau
12 D 75339 Höfen |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
1923 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
Manufacture of metal forming
machinery |
|
|
|
|
No. of Employee : |
436 |
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 : |
No complaints |
|
|
|
|
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 |
Schneeberger Gesellschaft mit beschränkter Haftung
Gräfenau 12
D 75339 Höfen
Telephone:07081/782-0
Telefax: 07081/782-124
Homepage: www.schneeberger.com
E-mail: info-d@schneeberger.com
Active
DE144602286
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1923
Shareholders'
agreement: 17.06.1965
Registered on: 27.07.1965
Commercial Register: Local court 70190 Stuttgart
under: HRB
330329
Share capital: EUR 2,300,813.47
Shareholder:
Schneeberger Holding AG
CH CH- Roggwil
Legal form: Other legal
form
Share: EUR 2,300,813.47
Manager:
Hans-Hermann Rahlmeyer
D 64683 Einhausen
having sole power of
representation
born: 29.04.1961
Profession: Businessman
Proxy:
Klaus-Dieter Götz
D 74372 Sersheim
authorized to jointly
represent the company
born: 26.08.1959
Profession: Businessman
Proxy:
Egbert Strahler
D 75331 Engelsbrand
authorized to jointly
represent the company
born: 27.05.1953
Proxy:
Christof Rechkemmer
D 75210 Keltern
authorized to jointly
represent the company
born: 17.01.1964
Profession: Businessman
Marital status: married
Proxy:
Schönbach Peter
D 72820 Sonnenbühl
Main industrial sector
28410
Manufacture of metal forming machinery
Works:
Schneeberger Gesellschaft
mit beschränkter
Haftung
Walmbergsweg 9
D 39112 Magdeburg
Branch:
Schneeberger Gesellschaft
mit beschränkter
Haftung
Floethütte 9
D 41749 Viersen
TEL.: 02162/67415
FAX.: 02162/961572
Payment experience: No
Complaints
Negative information: We have no negative information at hand.
Balance sheet year: 2013
Type of ownership: proprietor
Share: 100.00 %
Address Gräfenau
12
D 75339 Höfen
Type of real estate: factory building
Value at selling price: EUR 7,669,000.00
Encumbrances: EUR 2,000,000.00
Land register documents were not available.
Principal bank
BADEN-WÜRTTEMBERGISCHE BANK/LANDESBANK
BADEN-WÜRTTEMBERG, 75172
PFORZHEIM
Sort. code: 60050101
BIC: SOLADEST600
Further bank
POSTBANK, 70148 STUTTGART
Sort. code: 60010070
BIC: PBNKDEFFXXX
Turnover: 2013 EUR
75,947,081.00
2014 EUR 47,495,000.00
Expected turnover: *EUR 47,495,000.00
Profit: 2013 EUR 75,564.00
further business figures:
Equipment: EUR 1,674,506.00
Ac/ts receivable: EUR 11,285,934.00
Liabilities: EUR 27,206,916.00
Employees: 436
- Trainees:
23
The business figures marked with an asterisk
are estimates based
on average values in the line of business.
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 54.60
Liquidity ratio: 0.50
Return on total capital [%]: 0.13
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 53.93
Liquidity ratio: 0.71
Return on total capital [%]: 8.69
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 54.32
Liquidity ratio: 0.79
Return on total capital [%]: 13.56
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 48.83
Liquidity ratio: 0.57
Return on total capital [%]: 4.74
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 59,205,270.13
Fixed assets EUR 33,479,480.23
Intangible assets EUR 117,317.75
Concessions, licences,
rights EUR 117,317.75
Tangible assets EUR 33,362,162.48
Land / similar
rights EUR 13,694,771.52
Plant / machinery EUR 13,767,105.47
Other tangible assets /
fixtures and
fittings EUR 1,674,505.90
Advance payments made /
construction
in progress EUR 4,225,779.59
Current assets EUR 25,503,014.14
Stocks EUR 14,095,297.86
Raw materials,
consumables and
supplies EUR 5,427,630.79
Finished goods / work in
progress EUR 8,667,667.07
Accounts receivable EUR 11,285,933.58
Trade debtors EUR 8,710,129.86
Amounts due from related
companies EUR 785,095.24
Other debtors and
assets EUR 1,790,708.48
Liquid means EUR 121,782.70
Remaining other
assets EUR 222,775.76
Accruals (assets) EUR 98,785.76
thereof disagio EUR 9,047.99
Deferred taxes
(assets) EUR 123,990.00
LIABILITIES EUR 59,205,270.13
Shareholders' equity EUR 27,056,935.75
Capital EUR 2,300,813.47
Subscribed capital
(share capital) EUR 2,300,813.47
Reserves EUR 24,680,558.36
Capital reserves EUR 9,260,046.51
Retained earnings /
revenue reserves EUR
15,420,511.85
Balance sheet profit/loss
(+/-) EUR 75,563.92
Annual surplus / annual
deficit EUR 75,563.92
Items between
shareholders' equity and
debt capital EUR 2,060,774.24
Allowances / bonuses EUR 2,060,774.24
Provisions EUR 2,880,644.64
Pension provisions and
comparable
provisions EUR 1,781,373.00
Provisions for taxes EUR 284,032.80
Other / unspecified
provisions EUR 815,238.84
Liabilities EUR 27,206,915.50
thereof total due to
shareholders EUR 4,295,828.24
Financial debts EUR 17,890,315.22
Liabilities due to
banks EUR 15,890,315.22
Loans / obligations /
debentures EUR 2,000,000.00
Other liabilities EUR 9,316,600.28
Trade creditors (for IAS
incl. bills
of exchange) EUR 3,582,788.58
Liabilities from
received advance
payments EUR 60,954.44
Liabililties due to
related companiesEUR
5,393,979.71
Unspecified other
liabilities EUR 278,877.55
thereof liabilities
from tax /
financial
authorities EUR 153,332.69
thereof liabilities
from social
security EUR 17,769.21
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 75,947,080.63
Inventory change + own
costs (+/-) EUR -1,473,365.07
Inventory change
(+/-) EUR -1,473,365.07
Other operating
income EUR 969,146.96
Cost of materials EUR 43,221,429.78
Raw materials and
supplies, purchased
goods EUR 40,658,875.76
Purchased services EUR 2,562,554.02
Gross result (+/-) EUR 32,221,432.74
Staff expenses EUR 17,736,484.01
Wages and salaries EUR 14,796,135.51
Social security
contributions and
expenses for pension
plans and
benefits EUR 2,940,348.50
Total depreciation EUR 4,016,873.48
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 4,016,873.48
Other operating
expenses EUR 9,032,506.68
Operating result from
continuing
operations EUR 1,435,568.57
Interest result (+/-) EUR -1,189,263.82
Interest and similar
income EUR 3,526.57
Interest and similar
expenses EUR 1,192,790.39
thereof paid to related
companies EUR 235,143.47
Financial result
(+/-) EUR -1,189,263.82
Result from ordinary
operations (+/-) EUR 246,304.75
Income tax / refund of
income tax (+/-)EUR -134,198.82
Other taxes / refund of
taxes EUR -36,542.01
Tax (+/-) EUR -170,740.83
Annual surplus / annual deficit EUR 75,563.92
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 61,844,104.49
Fixed assets EUR 30,360,438.74
Intangible assets EUR 171,568.08
Concessions, licences,
rights EUR 171,568.08
Tangible assets EUR 30,188,870.66
Land / similar
rights EUR 14,254,202.37
Plant / machinery EUR 11,718,514.81
Other tangible assets /
fixtures and
fittings EUR 1,789,390.63
Advance payments made /
construction
in progress EUR 2,426,762.85
Current assets EUR 31,289,817.50
Stocks EUR 15,796,069.96
Raw materials,
consumables and
supplies EUR 5,655,037.82
Finished goods / work in
progress EUR 10,141,032.14
Accounts receivable EUR 12,237,459.74
Trade debtors EUR 9,660,721.59
Amounts due from related
companies EUR 937,937.16
Other debtors and
assets EUR 1,638,800.99
Liquid means EUR 3,256,287.80
Remaining other
assets EUR 193,848.25
Accruals (assets) EUR 86,295.25
thereof disagio EUR 13,971.16
Deferred taxes
(assets) EUR 107,553.00
LIABILITIES EUR 61,844,104.49
Shareholders' equity EUR 26,981,371.83
Capital EUR 2,300,813.47
Subscribed capital (share
capital) EUR 2,300,813.47
Reserves EUR 19,347,071.01
Capital reserves EUR 9,260,046.51
Retained earnings /
revenue reserves EUR
10,087,024.50
Balance sheet profit/loss
(+/-) EUR 5,333,487.35
Annual surplus / annual
deficit EUR 5,333,487.35
Items between
shareholders' equity and
debt capital EUR 1,003,522.24
Allowances / bonuses EUR 1,003,522.24
Provisions EUR 7,518,477.86
Pension provisions and
comparable
provisions EUR 1,701,215.00
Provisions for taxes EUR 3,821,972.12
Other / unspecified
provisions EUR 1,995,290.74
Liabilities EUR 26,340,732.56
thereof total due to
shareholders EUR 5,916,954.20
Financial debts EUR 15,681,851.50
Liabilities due to
banks EUR 13,681,851.50
Loans / obligations /
debentures EUR 2,000,000.00
Other liabilities EUR 10,658,881.06
Trade creditors (for IAS
incl. bills
of exchange) EUR 3,165,406.24
Liabililties due to
related companiesEUR
7,232,970.52
Unspecified other
liabilities EUR 260,504.30
thereof liabilities
from tax /
financial
authorities EUR 166,890.68
thereof liabilities
from social
security EUR 11,510.61
Guarantees and other
commitments EUR 16,270,000.00
Other guarantees and
other commitmentsEUR
16,270,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 100,742,646.06
Inventory change + own
costs (+/-) EUR 30,702.61
Inventory change
(+/-) EUR 30,702.61
Other operating
income EUR 649,592.58
Cost of materials EUR 58,645,913.11
Raw materials and
supplies, purchased
goods EUR 47,867,985.10
Purchased services EUR 10,777,928.01
Gross result (+/-) EUR 42,777,028.14
Staff expenses EUR 19,550,935.65
Wages and salaries EUR 16,558,196.32
Social security
contributions and
expenses for pension
plans and
benefits EUR 2,992,739.33
Total depreciation EUR 3,062,009.69
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 3,062,009.69
Other operating
expenses EUR 11,477,648.23
Operating result from
continuing
operations EUR 8,686,434.57
Interest result (+/-) EUR -1,195,697.96
Interest and similar
income EUR 24,234.77
Interest and similar
expenses EUR 1,219,932.73
thereof paid to related
companies EUR 355,706.55
Financial result
(+/-) EUR -1,195,697.96
Result from ordinary
operations (+/-) EUR 7,490,736.61
Extraordinary income EUR 28,056.93
Extraordinary
expenses EUR 57,075.82
Other extraordinary
expenses EUR 57,075.82
Extraordinary result
(+/-) EUR -29,018.89
Income tax / refund of
income tax (+/-)EUR -2,097,443.88
Other taxes / refund of
taxes EUR -30,786.49
Tax (+/-) EUR -2,128,230.37
Annual surplus / annual
deficit EUR 5,333,487.35
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.73.82 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
HEE |
|
|
|
|
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.