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Report No. : |
354059 |
|
Report Date : |
17.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
SLM SOLUTIONS GMBH |
|
|
|
|
Registered Office : |
Roggenhorster Str. 9c D 23556 Lübeck |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2013 |
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|
|
|
Date of Incorporation : |
14.09.2006 |
|
|
|
|
Com. Reg. No.: |
HRB 7129 HL |
|
|
|
|
Legal Form : |
Private Limited Company |
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|
|
|
Line of Business : |
·
Manufacture
of tools ·
Wholesale
of other machinery, equipment and supplies |
|
|
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|
No. of Employees : |
71 |
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 |
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|
|
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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 |
|
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 |
SLM
SOLUTIONS GMBH
Company
Status: active
Roggenhorster Str. 9c
D 23556 Lübeck
Telephone:0451/16082-0
Telefax: 0451/16082-250
Homepage: www.slm-solutions.com
E-mail: info@slm-solutions.com
22 291 28147
Business relations are permissible.
LEGAL
FORM Private limited company
Date of foundation: 14.09.2006
Shareholders'
agreement: 14.09.2006
Registered on: 27.11.2006
Commercial Register: Local court 23568 Lübeck
under: HRB
7129 HL
EUR 500,000.00
Shareholder:
SLM Solutions Group AG
Roggenhorster Str. 9c
D 23556 Lübeck
Legal form: Public
limited company
Share capital: EUR
17,980,867.00
Share: EUR 500,000.00
Registered on: 10.04.2014
Reg. data: 23568 Lübeck,
HRB 13827 HL
Control and profit transfer agreement
Manager:
Dr. Markus Rechlin
Auf den Schwarzen Bergen
28
D 21224 Rosengarten
having sole power of
representation
born: 01.04.1963
Profession: Mechanical
engineer
Manager:
Uwe Bögershausen
Kanalstr. 6
D 26135 Oldenburg
having sole power of
representation
born: 13.11.1973
Profession: Fully
qualified Economist
Manager:
Andreas Frahm
D 23552 Lübeck
having sole power of
representation
born: 21.03.1963
Nationality: Singaporean
Further functions/participations of Dr. Markus
Rechlin (Manager)
Shareholder:
MAREVEST Beteiligungs
GmbH
Griesstr. 81
D 20535 Hamburg
Legal form: Private
limited company
Share capital: EUR 250,000.00
Share: EUR 250,000.00
Registered
on: 15.05.2015
Reg. data: 20355 Hamburg, HRB 136588
Shareholder:
Verwaltungsgesellschaft
SKB Strandvilla
Krabbe Boltenhagen GmbH
Strandpromenade 44
D 23946 Ostseebad
Boltenhagen
Legal form: Private
limited company
Share capital: EUR 28,000.00
Share: EUR 7,000.00
Registered
on: 04.03.1999
Reg. data: 19053 Schwerin, HRB 6294
Manager:
MAREVEST Beteiligungs
GmbH
Griesstr. 81
D 20535 Hamburg
Legal form: Private
limited company
Share capital: EUR 250,000.00
Registered
on: 15.05.2015
Reg. data: 20355 Hamburg, HRB 136588
President of the Board of Directors:
SLM Solutions Group AG
Roggenhorster Str. 9c
D 23556 Lübeck
Legal form: Public
limited company
Share capital: EUR
17,980,867.00
Registered
on: 10.04.2014
Reg. data: 23568 Lübeck, HRB 13827 HL
Further functions/participations of Uwe
Bögershausen (Manager)
Shareholder:
ADVANOVA GmbH
Henkestr. 91
D 91052 Erlangen
Legal form: Private
limited company
Share capital: EUR 50,632.00
Share: EUR 1,757.00
Registered
on: 09.03.2012
Reg. data: 90762 Fürth, HRB 13438
Manager:
Derby Holding (Deutschland)
GmbH
Siemensstr. 1-3
D 49661 Cloppenburg
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 10.08.1993
Reg. data: 26135 Oldenburg, HRB 150665
Member of the Board of Directors:
SLM Solutions Group AG
Roggenhorster Str. 9c
D 23556 Lübeck
Legal form: Public
limited company
Share capital: EUR
17,980,867.00
Registered
on: 10.04.2014
Reg. data: 23568 Lübeck, HRB 13827 HL
14.09.2006 - 15.06.2008 MCP HEK Tooling GmbH
Kaninchenborn 24-28
D 23560 Lübeck
Private limited
company
15.06.2008 - 03.06.2009 MCP HEK Tooling GmbH (bis 17.09.2008)
Roggenhorster Str. 9c
D 23556 Lübeck
Private limited
company
03.06.2009 - 01.10.2009 MTT Technologies GmbH
Kaninchenborn 24-28
D 23560 Lübeck
Private limited
company
01.10.2009 - 18.02.2011 MTT Technologies GmbH
Roggenhorster Str. 9c
D 23556 Lübeck
Private limited
company
15.02.2013 - 19.09.2013 Manager
Hans-Joachim Ihde
D 23564 Lübeck
Sectors
2573
Manufacture of tools
466
Wholesale of other machinery, equipment and supplies
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: Tenant
Address
Roggenhorster Str. 9c
D 23556 Lübeck
Land register documents were not available.
COMMERZBANK, 23547 LÜBECK
Sort. code: 23040022
BIC: COBADEFFXXX
DEUTSCHE BANK, 23547 LÜBECK
Sort. code: 23070710
BIC: DEUTDEHH222
Gross profit or loss:2013 EUR 11,148,574.00
2014 EUR 11,100,000.00
Profit: 2013 EUR 798,576.00
further business figures:
Equipment: EUR 559,794.00
Ac/ts receivable: EUR 6,415,966.00
Liabilities: EUR 9,429,246.00
Employees: 71
-
thereof permanent staff: 66
-
Trainees:
1
-
Temporary workers: 4
Control and profit transfer agreement to:
SLM Solutions Group AG
Roggenhorster Str. 9c
D 23556 Lübeck
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 56.63
Liquidity ratio: 5.02
Return on total capital [%]: 4.75
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 35.38
Liquidity ratio: 1.37
Return on total capital [%]: 8.47
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 25.71
Liquidity ratio: 1.00
Return on total capital [%]: 4.10
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 17.28
Liquidity ratio: 0.87
Return on total capital [%]: -1.09
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 16,851,408.00
Fixed assets EUR 2,973,173.23
Intangible assets
EUR 796,353.29
Internally generated industrial
property rights and similar rights
and assets
EUR 606,073.98
Concessions, licences, rights
EUR 18,048.53
Advance payments for intang. assets
EUR 172,230.78
Tangible assets
EUR 2,174,435.58
Plant / machinery
EUR 1,329,690.23
Other tangible assets / fixtures and
fittings
EUR 559,793.72
Advance payments made / construction
in progress
EUR 284,951.63
Financial assets
EUR 2,384.36
Shares in participations /
subsidiaries and the like
EUR 2,384.36
Shares in related companies
EUR 2,384.36
Current assets
EUR 13,858,678.53
Stocks
EUR 5,732,717.54
Accounts receivable
EUR 6,415,966.28
Amounts due from related companies
EUR 464,548.20
Other debtors and assets
EUR 5,951,418.08
Liquid means
EUR 1,709,994.71
Remaining other assets
EUR 19,556.24
Accruals (assets)
EUR 19,556.24
LIABILITIES EUR 16,851,408.00
Shareholders' equity
EUR 3,113,438.47
Capital
EUR 500,000.00
Subscribed capital (share capital)
EUR 500,000.00
Balance sheet profit/loss (+/-)
EUR 2,613,438.47
Profit / loss brought forward
EUR 1,814,862.06
Annual surplus / annual deficit
EUR 798,576.41
Provisions
EUR 4,122,622.08
Liabilities EUR 9,429,245.70
Other liabilities
EUR 9,429,245.70
Liabilities due to shareholders
EUR 6,452,186.30
Unspecified other liabilities
EUR 2,977,059.40
thereof
liabilities from tax /
financial authorities
EUR 31,378.91
thereof liabilities from social
security
EUR 1,289.15
Other liabilities
EUR 186,101.75
Deferred taxes (not included under
provisions/liabilities)
EUR 186,101.75
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 11,148,573.85
Staff expenses
EUR 4,266,394.17
Wages and salaries
EUR 3,687,991.73
Social security contributions and
expenses for pension plans and
benefits
EUR 578,402.44
Total depreciation
EUR 322,908.58
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 322,908.58
Other operating expenses
EUR 4,861,371.65
Operating result from continuing
operations
EUR 1,697,899.45
Interest result (+/-)
EUR -561,410.85
Interest and similar income EUR 31.40
thereof from related companies
EUR 0.00
Interest and similar expenses
EUR 561,442.25
thereof paid to related companies
EUR 252,186.30
Financial result (+/-)
EUR -561,410.85
Result from ordinary operations (+/-)
EUR 1,136,488.60
Income tax / refund of income tax (+/-)EUR -335,315.92
Other taxes / refund of taxes
EUR -2,596.27
Tax
(+/-) EUR -337,912.19
Annual surplus / annual deficit
EUR 798,576.41
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 11,763,819.96
Fixed assets
EUR 1,441,662.29
Intangible assets
EUR 101,785.24
Internally generated industrial
property rights and similar rights
and assets
EUR 95,597.59
Concessions, licences, rights
EUR 6,187.65
Tangible assets
EUR 1,337,492.69
Plant / machinery
EUR 961,479.11
Other tangible assets / fixtures and
fittings
EUR 376,013.58
Financial assets
EUR 2,384.36
Shares in participations /
subsidiaries and the like
EUR 2,384.36
Shares in related companies
EUR 2,384.36
Current assets
EUR 10,298,561.05
Stocks EUR 4,857,329.85
Accounts receivable
EUR 5,337,880.04
Amounts due from related companies
EUR 4,233.29
Other debtors and assets
EUR 5,333,646.75
Liquid means
EUR 103,351.16
Remaining other assets
EUR 23,596.62
Accruals (assets)
EUR 23,596.62
LIABILITIES EUR 11,763,819.96
Shareholders' equity
EUR 2,314,862.06
Capital
EUR 500,000.00
Subscribed capital (share capital)
EUR 500,000.00
Balance sheet profit/loss (+/-)
EUR 1,814,862.06
Profit / loss brought forward
EUR 1,141,969.10
Annual surplus / annual deficit
EUR 672,892.96
Provisions
EUR 3,595,615.42
Liabilities EUR 5,853,342.48
Financial debts
EUR 1,046,447.96
Liabilities due to banks
EUR 1,046,447.96
Other liabilities
EUR 4,806,894.52
Liabilities due to shareholders
EUR 1,847,377.78
Unspecified other liabilities
EUR 2,959,516.74
thereof liabilities from tax /
financial authorities
EUR 53,107.84
thereof liabilities from social
security
EUR 6,540.18
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 8,696,538.83
Staff expenses
EUR 3,653,245.08
Wages and salaries
EUR 3,122,405.69
Social security contributions and
expenses for pension plans and
benefits
EUR 530,839.39
Total depreciation EUR 240,230.71
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 240,230.71
Other operating expenses
EUR 3,199,768.51
Operating result from continuing
operations
EUR 1,603,294.53
Interest result (+/-)
EUR -303,661.60
Interest and similar income
EUR 17.99
thereof
from related companies EUR 0.00
Interest and similar expenses
EUR 303,679.59
thereof paid to related companies
EUR 55,171.11
Financial result (+/-)
EUR -303,661.60
Result from ordinary operations (+/-)
EUR 1,299,632.93
Extraordinary expenses
EUR 323,679.37
Extraordinary result (+/-)
EUR -323,679.37
Income tax / refund of income tax (+/-)EUR -300,521.89
Other taxes / refund of taxes
EUR -2,538.71
Tax
(+/-)
EUR -303,060.60
Annual surplus / annual deficit
EUR 672,892.96
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.85 |
|
|
1 |
Rs.100.58 |
|
Euro |
1 |
Rs.73.16 |
|
EUR |
1 |
Rs.72.33 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
AMR |
|
|
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.