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Report No. : |
307470 |
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Report Date : |
14.02.2015 |
IDENTIFICATION DETAILS
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Name : |
SPRINGER GMBH |
|
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Registered Office : |
Herrenpfad-Süd 4c, D 41334 Nettetal,
Post Box: 24 05, D 41311 Nettetal |
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|
|
|
Country : |
Germany |
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|
|
|
Financials (as on) : |
31.12.2012 |
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|
|
|
Date of Incorporation : |
10.09.1996 |
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|
|
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Com. Reg. No.: |
HRB 8428 |
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|
|
|
Legal Form : |
Private Limited Company |
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|
|
Line of Business : |
·
Construction
of utility projects for fluids ·
Wholesale
of iron ores, iron, steel and iron and steel semi-finished goods ·
Wholesale
of non-ferrous ores, metals and metal semi-finished goods ·
Wholesale
of hardware, plumbing and heating equipment and supplies |
|
|
|
|
No. of Employees : |
47 |
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 |
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Status : |
Satisfactory |
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|
|
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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 |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
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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, 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 |
SPRINGER
GMBH
Company Status: active
Herrenpfad-Süd 4c
D 41334 Nettetal
Post Box:
24 05, D 41311 Nettetal
Telephone:02157/8965-0
Telefax: 02157/8965-40
Homepage: www.springer-gmbh.de
E-mail: info@springer-gmbh.de
DE812083057
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 10.09.1996
Shareholders'
agreement: 10.09.1996
Registered on: 01.10.1996
Commercial Register: Local court 47798 Krefeld
under: HRB
8428
EUR 127,822.98
Shareholder:
Christoph Springer
Moersenstr. 40
D 41749 Viersen
born: 24.08.1965
Share: EUR 63,911.49
Shareholder:
Anne Springer
Moersenstr. 40
D 41749 Viersen
born: 07.02.1971
Share: EUR 63,911.49
Manager:
Christoph Springer
Moersenstr. 40
D 41749 Viersen
having sole power of
representation
born: 24.08.1965
Profession: Businessman
Marital status: married
Proxy:
Ralf Theodor Kathagen
D 41334 Nettetal
authorized to jointly
represent the company
born: 22.02.1972
Proxy:
Klaus Lambertz
D 41366 Schwalmtal
authorized to jointly
represent the company
born: 09.11.1963
10.09.1996 - 07.11.2000 Springer GmbH
Herrenpfad-Süd 36
D 41334 Nettetal
Private limited
company
Main
industrial sector
42210
Construction of utility projects for fluids
46721
Wholesale of iron ores, iron, steel and iron and steel semi-finished
goods
46722
Wholesale of non-ferrous ores, metals and metal semi-finished goods
4674
Wholesale of hardware, plumbing and heating equipment and supplies
Branch:
Springer GmbH
Ringstr. 2
D 99885 Ohrdruf
Payment experience: cash discount/within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2012
Type of ownership: Tenant
Address Herrenpfad-Süd
4c
D 41334 Nettetal
Real Estate of: Christoph
Springer
Type
of ownership: Unknown
Address Moersenstr.
40
D 41749 Viersen
Land register documents were not available.
COMMERZBANK FIL NETTETAL-LOBBERICH, 41301
NETTETAL
Sort. code: 31040015
BIC: COBADEFFXXX
SPARKASSE KREFELD, 41711 VIERSEN
Sort. code: 32050000
BIC: SPKRDE33XXX
UNICREDIT BANK - HYPOVEREINSBANK, 88131 LINDAU
(BODENSEE)
Sort. code: 60020290
BIC: HYVEDEMM473
SPARKASSE KREFELD, 47719 KREFELD
Sort. code: 32050000
BIC: SPKRDE33XXX
Gross
profit or loss:2013
EUR 4,338,564.00
2014 EUR 4,338,564.00
further business figures:
Equipment: EUR 426,056.00
Ac/ts
receivable:
EUR 615,731.00
Liabilities: EUR 3,308,547.00
Employees:
47
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 68.26
Liquidity ratio: 0.20
Return on total capital [%]: 4.65
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 61.08
Liquidity ratio: 0.18
Return on total capital [%]: 9.76
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 69.30
Liquidity ratio: 0.35
Return on total capital [%]: 8.53
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 70.94
Liquidity ratio: 0.35
Return on total capital [%]: 9.89
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: 01.01.2012
- 31.12.2012
ASSETS EUR 10,994,388.66
Fixed assets
EUR 4,230,316.60
Intangible assets
EUR 12,338.50
Concessions, licences, rights
EUR 12,338.50
Tangible assets
EUR 4,217,978.10
Land / similar rights
EUR 1,379,068.60
Plant / machinery
EUR 2,412,853.50
Other tangible assets / fixtures and
fittings
EUR 426,056.00
Current assets
EUR 6,743,322.06
Stocks
EUR 5,863,567.12
Finished goods / work in progress
EUR 5,863,567.12
Accounts receivable
EUR 615,731.31
Trade debtors
EUR 415,674.65
Other debtors and assets
EUR 200,056.66
Liquid means
EUR 264,023.63
Remaining other assets
EUR 20,750.00
Accruals (assets)
EUR 20,750.00
LIABILITIES EUR 10,994,388.66
Shareholders' equity
EUR 7,504,880.78
Capital EUR 127,822.97
Subscribed capital (share capital)
EUR 127,822.97
Balance sheet profit/loss (+/-)
EUR 7,377,057.81
Profit / loss brought forward
EUR 6,841,204.39
Annual surplus / annual deficit
EUR 535,853.42
Provisions
EUR 180,961.00
Other / unspecified provisions
EUR 180,961.00
Liabilities
EUR 3,308,546.88
Financial
debts EUR 2,721,582.23
Liabilities due to banks
EUR 2,721,582.23
Other liabilities
EUR 586,964.65
Trade creditors (for IAS incl. bills
of exchange) EUR 457,201.03
Unspecified other liabilities
EUR 129,763.62
thereof liabilities from tax /
financial authorities
EUR 129,157.69
thereof liabilities from social
security EUR 150.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 4,338,563.65
Staff expenses
EUR 1,952,256.08
Wages and salaries
EUR 1,688,101.07
Social security contributions and
expenses for pension plans and
benefits
EUR 264,155.01
Total depreciation EUR 536,367.49
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 536,367.49
Other operating expenses
EUR 1,109,865.85
Operating
result from continuing
operations
EUR 740,074.23
Interest result (+/-)
EUR -90,762.39
Interest and similar income
EUR 1,657.17
Interest and similar expenses
EUR 92,419.56
Financial result (+/-)
EUR -90,762.39
Result from ordinary operations (+/-)
EUR 649,311.84
Extraordinary income
EUR 26,781.04
Extraordinary expenses
EUR 2,307.64
Extraordinary result (+/-)
EUR 24,473.40
Income tax / refund of income tax (+/-)EUR -137,931.82
Tax
(+/-)
EUR -137,931.82
Annual surplus / annual deficit
EUR 535,853.42
Type
of balance sheet: Company balance sheet
Financial year: 01.01.2011
- 31.12.2011
ASSETS EUR 11,965,902.27
Fixed assets
EUR 4,419,743.60
Intangible assets
EUR 16,584.50
Other / unspecified intangible assetsEUR 16,584.50
Tangible assets
EUR 4,403,159.10
Land / similar rights
EUR 1,451,462.60
Plant / machinery
EUR 2,407,738.50
Other tangible assets / fixtures and
fittings
EUR 504,358.00
Advance payments made / construction
in progress
EUR 39,600.00
Current assets
EUR 7,520,704.67
Stocks
EUR 6,704,892.59
Accounts receivable EUR 729,097.26
Other debtors and assets
EUR 729,097.26
Liquid means
EUR 86,714.82
Remaining other assets
EUR 25,454.00
Accruals (assets)
EUR 25,454.00
LIABILITIES EUR 11,965,902.27
Shareholders' equity
EUR 7,312,027.36
Capital
EUR 127,822.97
Subscribed capital (share capital)
EUR 127,822.97
Balance sheet profit/loss (+/-)
EUR 7,184,204.39
Profit / loss brought forward
EUR 6,011,745.32
Annual surplus / annual deficit
EUR 1,172,459.07
Provisions
EUR 500,596.00
Liabilities
EUR 4,153,278.91
Financial debts
EUR 3,057,741.41
Liabilities due to banks
EUR 3,057,741.41
Other liabilities
EUR 1,095,537.50
Unspecified other liabilities
EUR 1,095,537.50
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 5,454,628.23
Staff expenses
EUR 2,012,986.77
Wages and salaries
EUR 1,740,202.73
Social security contributions and
expenses for pension plans and
benefits EUR 272,784.04
Total depreciation
EUR 487,428.01
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 487,428.01
Other operating expenses
EUR 1,244,266.95
Operating result from continuing
operations
EUR 1,709,946.50
Interest result (+/-)
EUR -76,020.16
Interest and similar income
EUR 752.31
Interest and similar expenses
EUR 76,772.47
Financial result (+/-)
EUR -76,020.16
Result from ordinary operations (+/-)
EUR 1,633,926.34
Extraordinary income
EUR 14,618.61
Extraordinary expenses
EUR 9,247.32
Extraordinary result (+/-)
EUR 5,371.29
Income tax / refund of income tax (+/-)EUR -466,838.56
Tax
(+/-)
EUR -466,838.56
Annual surplus / annual deficit
EUR 1,172,459.07
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.43 |
|
|
1 |
Rs.95.02 |
|
Euro |
1 |
Rs.70.63 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
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|
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.