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Report No. : |
355049 |
|
Report Date : |
19.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
KNOPF-SCHÄFER GMBH |
|
|
|
|
Registered Office : |
Ahornweg 102, D 63741 Aschaffenburg |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
1950 |
|
|
|
|
Com. Reg. No.: |
HRB 1257 |
|
|
|
|
Legal Form : |
Private Limited Company |
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|
|
|
Line of Business : |
Manufacture of Other Wearing Apparel
and Accessories |
|
|
|
|
No. of Employees : |
55 |
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 |
|
Maximum Credit Limit : |
265,000 EUR |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
Slow but correct |
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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 |
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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 |
KNOPF-SCHÄFER GMBH
Company Status: active
Ahornweg 102
D 63741 Aschaffenburg
Telephone:06021/86030
Telefax:
06021/23964
Homepage: www.knopf-schaefer.de
E-mail: info@knopf-schaefer.de
VAT
no.: DE132091411
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 1950
Shareholders'
agreement: 22.11.1977
Registered
on: 02.01.1978
Commercial Register: Local court 63739
Aschaffenburg
under: HRB 1257
Share capital: EUR 306,775.13
Shareholder:
Oliver Harrer
Ohmbachsgasse 6
D 63739 Aschaffenburg
born: 11.11.1970
Share: EUR 93,055.12
Shareholder:
Kay-Ove Harrer
Kardinal-Döpfner-Str. 52
D 63768 Hösbach
born: 21.11.1975
Share: EUR 89,987.37
Shareholder:
Stefan Schäfer
Winkelstr. 13
D 63773 Goldbach
born: 14.03.1966
Share: EUR 67,490.53
Shareholder:
Horst Seubert
Otto-Sauer-Str. 2
D 63856 Bessenbach
born: 16.02.1949
Share: EUR 55,219.52
Shareholder:
Horst Harrer
Akazienweg 12
D 63768 Hösbach
born: 03.10.1945
Share: EUR 1,022.58
Manager:
Horst Harrer
Akazienweg 12
D 63768 Hösbach
having sole power of
representation
born: 03.10.1945
Marital status: married
Manager:
Stefan Schäfer
Winkelstr. 13
D 63773 Goldbach
having sole power of
representation
born: 14.03.1966
Manager:
Oliver Harrer
Ohmbachsgasse 6
D 63739 Aschaffenburg
having sole power of
representation
born: 11.11.1970
Proxy:
Franz Wüst
D 63869 Heigenbrücken
authorized to jointly
represent the company
born: 29.12.1952
Proxy:
Kay-Ove Harrer
Kardinal-Döpfner-Str. 52
D 63768 Hösbach
having sole power of
representation
born: 21.11.1975
Proxy:
Werner Leukers
Schubertstr. 2a
D 63939 Wörth
authorized to jointly
represent the company
born: 24.12.1952
Further functions/participations of Horst
Harrer (Manager)
Shareholder:
H.S.K GmbH
Ahornweg 102
D 63741 Aschaffenburg
Legal form: Private
limited company
Share capital: EUR 140,000.00
Share: EUR 37,800.00
Registered
on: 17.05.2004
Reg. data: 63739 Aschaffenburg, HRB 9029
Manager:
H.S.K GmbH
Ahornweg 102
D 63741 Aschaffenburg
Legal form: Private
limited company
Share capital: EUR 140,000.00
Registered
on: 17.05.2004
Reg. data: 63739 Aschaffenburg, HRB 9029
Further functions/participations of Stefan
Schäfer (Manager)
Shareholder:
H.S.K GmbH
Ahornweg 102
D 63741 Aschaffenburg
Legal form: Private limited company
Share capital: EUR 140,000.00
Share: EUR 22,400.00
Registered
on: 17.05.2004
Reg. data: 63739 Aschaffenburg, HRB 9029
Further functions/participations of Oliver
Harrer (Manager)
Shareholder:
H.S.K GmbH
Ahornweg 102
D 63741 Aschaffenburg
Legal form:
Private limited company
Share capital: EUR 140,000.00
Share: EUR 12,600.00
Registered
on: 17.05.2004
Reg. data: 63739 Aschaffenburg, HRB 9029
1950 - 1959 Heinrich Schäfer
D 63741 Aschaffenburg
Unregistered
commercial enterprise
1960 - 01.01.1978 Knopf-Schäfer, Inh. Heinrich Schäfer
Weißenburger Str.
20-22
D 63739 Aschaffenburg
Sole proprietorship
Main industrial sector
14190
Manufacture of other wearing apparel and accessories n.e.c.
Payment experience: within agreed terms
Negative information: We have no negative
information at hand.
Maximum credit: 265,000 EUR
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 Ahornweg 102
D 63741 Aschaffenburg
Land register documents were not available.
Principal banks
UNICREDIT BANK - HYPOVEREINSBANK, 63701
ASCHAFFENBURG
Sort. code: 79520070
BIC:
HYVEDEMM407
POSTBANK, 60288 FRANKFURT AM MAIN
Sort. code: 50010060
BIC: PBNKDEFFXXX
Gross profit or loss:2013 EUR 4,753,459.00
Profit: 2013 EUR -70,585.00
Equipment: EUR 369,786.00
Ac/ts receivable: EUR 944,065.00
Liabilities: EUR 784,430.00
Employees:
55
-
thereof permanent staff: 48
-
Temporary workers: 7
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 76.36
Liquidity
ratio: 10.00
Return on total capital [%]: -1.69
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 73.58
Liquidity ratio: 10.00
Return on total capital [%]: 0.60
Balance
sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 77.25
Liquidity ratio: 10.00
Return on total capital [%]: 8.17
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 73.55
Liquidity ratio: 10.00
Return on total capital [%]: 13.84
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 4,196,924.82
Fixed
assets EUR 581,410.51
Intangible assets
EUR 47,742.51
Tangible assets
EUR 445,752.65
Plant / machinery
EUR 75,967.04
Other tangible assets / fixtures and
fittings
EUR 369,785.61
Financial assets
EUR 87,915.35
Other loans
EUR 87,915.35
Current
assets EUR 3,533,964.02
Stocks
EUR 1,097,963.64
Accounts receivable
EUR 944,065.47
Liquid means
EUR 1,491,934.91
Remaining other assets
EUR 81,550.29
Accruals (assets)
EUR 41,485.84
Active difference from asset
offsetting
EUR 40,064.45
LIABILITIES
EUR 4,196,924.82
Shareholders' equity
EUR 3,211,700.11
Capital
EUR 306,775.13
Subscribed capital (share capital)
EUR 306,775.13
Reserves EUR 7,479.00
Retained earnings / revenue reserves EUR 7,479.00
Balance sheet profit/loss (+/-)
EUR 2,897,445.98
Profit / loss brought forward
EUR 2,968,031.03
Annual surplus / annual deficit
EUR -70,585.05
Provisions
EUR 200,795.11
Liabilities
EUR 784,429.60
Financial debts
EUR 72,000.00
Liabilities due to banks
EUR 72,000.00
Other liabilities
EUR 712,429.60
Trade creditors (for IAS incl. bills
of exchange)
EUR 470,083.61
Unspecified other liabilities
EUR 242,345.99
thereof liabilities from tax /
financial authorities
EUR 36,186.11
thereof liabilities from social
security EUR 2,691.30
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 4,753,459.21
Staff expenses
EUR 2,902,646.94
Wages and salaries
EUR 2,484,447.29
Social security contributions and
expenses for pension plans and
benefits
EUR 418,199.65
Total depreciation
EUR 115,994.20
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 115,994.20
Other operating expenses
EUR 1,814,314.80
Operating result from continuing
operations EUR -79,496.73
Interest result (+/-)
EUR 1,567.54
Interest and similar income
EUR 10,551.82
Interest and similar expenses
EUR 8,984.28
Financial result (+/-)
EUR 1,567.54
Result from ordinary operations (+/-)
EUR -77,929.19
Income tax / refund of income tax (+/-)EUR 10,041.35
Other taxes / refund of taxes
EUR -2,697.21
Tax
(+/-)
EUR 7,344.14
Annual surplus / annual deficit
EUR -70,585.05
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 4,452,546.74
Fixed assets
EUR 503,928.33
Intangible assets EUR 52,988.51
Tangible assets
EUR 373,978.65
Plant / machinery
EUR 5,737.04
Other tangible assets / fixtures and
fittings
EUR 368,241.61
Financial assets
EUR 76,961.17
Shares in participations /
subsidiaries and the like
EUR 1.00
Shares in related companies
EUR 1.00
Other
loans EUR 76,960.17
Current assets
EUR 3,876,573.08
Stocks
EUR 1,347,770.70
Accounts receivable
EUR 1,315,747.54
thereof total due from shareholders
EUR 4,323.60
Trade debtors
EUR 1,281,946.26
Other debtors and assets
EUR 33,801.28
Liquid means
EUR 1,213,054.84
Remaining other assets
EUR 72,045.33
Accruals (assets)
EUR 46,217.68
Active difference from asset
offsetting
EUR 25,827.65
LIABILITIES EUR 4,452,546.74
Shareholders' equity
EUR 3,282,285.16
Capital
EUR 306,775.13
Subscribed capital (share capital)
EUR 306,775.13
Reserves
EUR 7,479.00
Retained earnings / revenue reserves EUR 7,479.00
Balance sheet profit/loss (+/-)
EUR 2,968,031.03
Profit / loss brought forward
EUR 2,941,634.69
Annual surplus / annual deficit
EUR 26,396.34
Provisions
EUR 268,967.04
Liabilities
EUR 901,294.54
thereof total due to shareholders
EUR 2,171.71
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 5,209,098.32
Staff expenses
EUR 3,227,422.72
Wages
and salaries EUR 2,752,159.59
Social security contributions and
expenses for pension plans and
benefits
EUR 475,263.13
Total depreciation
EUR 107,593.04
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 107,593.04
Other operating expenses
EUR 1,759,365.55
Operating result from continuing
operations
EUR 114,717.01
Interest result (+/-)
EUR -387.24
Interest and similar income
EUR 5,463.72
thereof from related companies
EUR 0.00
Interest and similar expenses
EUR 5,850.96
Financial result (+/-)
EUR -387.24
Result from ordinary operations (+/-)
EUR 114,329.77
Income tax / refund of income tax (+/-)EUR -87,933.43
Tax
(+/-)
EUR -87,933.43
Annual surplus / annual deficit
EUR 26,396.34
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.42 |
|
|
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.72.14 |
|
EUR |
1 |
Rs.72.06 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
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.