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Report No. : |
306695 |
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Report Date : |
04.02.2015 |
IDENTIFICATION DETAILS
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Name : |
SAMATEX GMBH |
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Registered Office : |
Lange Gasse 19, D 95512 Neudrossenfeld |
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Country : |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
23.11.2007 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
· Manufacture of other special-purpose machinery. · Wholesale of other machinery, equipment and supplies. |
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No. of Employees : |
9 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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, has 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 5.3% in 2013. The new German government introduced a
minimum wage of $11 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%. 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. 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 hopes to
replace nuclear power with renewable energy. 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.
|
Source
: CIA |
SAMATEX GMBH
Company Status: active
Lange Gasse 19
D 95512 Neudrossenfeld
Telephone:09203/9731-0
Telefax: 09203/9731-21
Homepage: www.samatex.de
E-mail: info@samatex.de
VAT no.: DE257375532
Tax ID number: 229/265/80268
LEGAL FORM Private
limited company
Date of foundation: 23.11.2007
Shareholders'
agreement: 23.11.2007
Registered on: 12.12.2007
Commercial Register: Local court 95444 Bayreuth
under: HRB 4590
Share capital:
EUR 25,000.00
Shareholder:
Grete Savasci
Lange Gasse
19
D 95512
Neudrossenfeld
born:
11.03.1956
née: Scherb
Share: EUR 25,000.00
Manager:
Ibrahim
Savasci
Altdrossenfeld 14
D 95512
Neudrossenfeld
having sole
power of representation
born:
05.07.1953
Profession:
Textile technician
Marital status: married
Manager:
Danyel
Savasci
D 95512
Neudrossenfeld
having sole
power of representation
born:
28.07.1978
Manager:
Ismail Savasci
D 95512
Neudrossenfeld
having sole
power of representation
born:
06.07.1980
Main industrial sector
2899 Manufacture of other
special-purpose machinery n.e.c.
4669 Wholesale of other machinery, equipment and
supplies
Payment experience: within agreed
terms
Negative information: We have no negative information at hand.
Type of ownership: Tenant
Address Lange Gasse
19
D 95512 Neudrossenfeld
Land register documents were not available.
SPARKASSE BAYREUTH, 95500 HEINERSREUTH, KR BAYREUTH
Sort. code: 77350110
BIC: BYLADEM1SBT
Turnover: 2013 *EUR 1,215,000.00
Ac/ts receivable:
EUR 758,980.00
Liabilities:
EUR 519,725.00
Employees:
9
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 [%]:
66.60
Liquidity ratio:
1.10
Return on total capital [%]:
15.19
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]:
56.22
Liquidity ratio:
0.82
Return on total capital [%]:
20.45
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]:
54.78
Liquidity ratio:
0.54
Return on total capital [%]:
12.13
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]:
47.18
Liquidity ratio:
0.64
Return on total capital [%]:
18.08
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
Financial
year: 01.01.2013 - 31.12.2013
ASSETS EUR 2,026,111.39
Fixed assets EUR 226,678.00
Intangible assets EUR 1.00
Tangible assets EUR 226,677.00
Current assets EUR 1,786,024.40
Stocks EUR 960,516.21
Accounts receivable EUR 758,979.64
Liquid means EUR 66,528.55
Remaining other assets EUR 13,408.99
Accruals (assets) EUR 13,408.99
LIABILITIES EUR 2,026,111.39
Shareholders' equity EUR 1,436,206.66
Capital EUR 25,000.00
Subscribed capital (share capital) EUR 25,000.00
Balance sheet profit/loss (+/-) EUR 1,411,206.66
Balance sheet profit / loss EUR
1,411,206.66
Provisions EUR 70,180.00
Liabilities EUR 519,724.73
Type
of balance
sheet: Company balance sheet
Financial
year: 01.01.2012 - 31.12.2012
ASSETS EUR 1,869,618.31
Fixed assets EUR 149,162.50
Intangible assets EUR 622.00
Tangible assets EUR 148,540.50
Current assets EUR 1,709,197.97
Stocks EUR 923,386.69
Accounts receivable EUR 776,385.85
Liquid means EUR 9,425.43
Remaining other assets EUR 11,257.84
Accruals (assets) EUR 11,257.84
LIABILITIES EUR 1,869,618.31
Shareholders' equity EUR 1,167,987.34
Capital EUR 25,000.00
Subscribed capital (share capital) EUR 25,000.00
Balance sheet profit/loss (+/-) EUR 1,142,987.34
Balance sheet profit / loss EUR 1,142,987.34
Provisions EUR 70,131.00
Liabilities EUR 631,499.97
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.74 |
|
|
1 |
Rs.92.71 |
|
Euro |
1 |
Rs.69.94 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall
operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
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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.