|
Report No. : |
309725 |
|
Report Date : |
24.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
ERWIN JUNKER MASCHINENFABRIK GMBH |
|
|
|
|
Registered Office : |
Junkerstr. 2, D 77787 Nordrach |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
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|
|
|
Date of Incorporation : |
1962 |
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|
|
|
Legal Form : |
Private Limited Company |
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|
|
|
Line of Business : |
·
Manufacture of metal forming machinery ·
Wholesale of other office machinery and equipment |
|
|
|
|
No. of Employees : |
405 |
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 |
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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 |
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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, 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 |
ERWIN JUNKER MASCHINENFABRIK GMBH
Company Status: active
Junkerstr. 2
D 77787 Nordrach
Telephone:07838/84-0
Telefax: 07838/84-302
Homepage: www.junker-group.de
E-mail: info@junker.de
VAT no.: DE811188759
Tax ID number: 14014/64200
LEGAL FORM Private
limited company
Date of foundation: 1962
Shareholders'
agreement: 21.12.1979
Registered on: 31.01.1980
Commercial Register: Local court 79098 Freiburg
under: HRB 480091
Share capital:
EUR 3,528,000.00
Shareholder:
Erwin Junker Holding GmbH
Junkerstr. 2
D 77787
Nordrach
Legal form:
Private limited company
Share
capital: EUR 100,000.00
Share: EUR 3,528,000.00
Registered
on: 20.08.2013
Reg. data:
79098 Freiburg, HRB 710333
Manager:
Rochus Harald
Mayer
Wiesenfeldstr. 15a
D 77736 Zell
authorized to
jointly represent the company
born:
06.10.1948
Marital
status: married
Manager:
Georg
Himmelsbach
Dorfstr. 3
D 77716 Haslach
authorized to
jointly represent the company
born:
20.11.1952
Profession:
Fully qualified engineer
Marital
status: married
Proxy:
Günter
Isenmann
D 77736 Zell
authorized to
jointly represent the company
born:
27.02.1964
Proxy:
Günter Riehle
D 77736 Zell
authorized to
jointly represent the company
born:
20.04.1964
Proxy:
Klaus Dold
D 77790
Steinach
authorized to
jointly represent the company
born:
17.02.1957
Proxy:
August Franz
Baumann
D 77787
Nordrach
authorized to
jointly represent the company
born:
11.07.1956
Proxy:
Manfred
Wegner
D 77736 Zell
authorized to
jointly represent the company
born:
24.10.1967
Proxy:
Johannes
Schätzle
Mühlbachweg 1
D 77716
Haslach
authorized to
jointly represent the company
born:
28.12.1959
Proxy:
Georg Weiler
D 72760
Reutlingen
authorized to
jointly represent the company
born: 30.10.1959
Proxy:
Dirk Geeren
D 77756
Hausach
authorized to
jointly represent the company
born:
21.06.1970
Further functions/participations of Rochus Harald Mayer (Manager)
Manager:
LTA
LUFTTECHNIK GmbH
Junkerstr. 2
D 77787
Nordrach
Legal form:
Private limited company
Share
capital: EUR 26,000.00
Registered
on: 02.06.1980
Reg.
data: 79098 Freiburg, HRB 480244
24.05.2007 - 04.09.2012 Manager
Harald
Herbert Goller
D 77781 Biberach
Main industrial sector
28410 Manufacture of metal
forming machinery
Secondary industrial sector
4666 Wholesale of other office
machinery and equipment
Payment experience: within agreed
terms
Negative information: We have no negative information at hand.
Type of ownership: Tenant
Address Junkerstr. 2
D 77787
Nordrach
Land register documents were not available.
BADEN-WÜRTTEMBERGISCHE BANK/LANDESBANK BADEN-WÜRTTEMBERG, 79098
FREIBURG IM BREISGAU
Sort. code: 60050101
BIC: SOLADEST600
COMMERZBANK VORMALS DRESDNER BANK, 77601 OFFENBURG
Sort. code: 68080030
BIC: DRESDEFF680
COMMERZBANK, 75172 PFORZHEIM
Sort. code: 66640035
BIC: COBADEFFXXX
DEUTSCHE BANK, 79004 FREIBURG IM BREISGAU
Sort. code: 68070030
BIC: DEUTDE6FXXX
SPARKASSE HASLACH-ZELL, 77710 HASLACH IM KINZIGTAL
Sort. code: 66451548
BIC: SOLADES1HAL
LANDESBANK BADEN-WÜRTTEMBERG, 79098 FREIBURG IM BREISGAU
Sort. code: 68050000
BIC: SOLADEST680
Turnover: 2013 EUR 178,000,000.00
2014 EUR 180,000,000.00
Expected turnover:
EUR 180,000,000.00
further business figures:
Equipment:
EUR 4,866,821.00
Ac/ts receivable:
EUR 37,483,846.00
Liabilities:
EUR 26,696,835.00
Employees: 405
- Trainees:
22
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]:
49.00
Liquidity ratio: 2.07
Return on total capital [%]:
16.87
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]:
39.80
Liquidity ratio:
4.55
Return on total capital [%]:
7.81
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]:
39.08
Liquidity ratio:
1.21
Return on total capital [%]:
4.18
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]:
42.29
Liquidity ratio: 3.86
Return on total capital [%]:
2.75
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 90,422,769.00
Fixed assets EUR 26,433,073.00
Intangible assets EUR 1,406,795.00
Concessions, licences, rights EUR 506,795.00
Advance payments for intang. assets EUR
900,000.00
Tangible assets EUR 6,805,244.00
Plant / machinery EUR 1,924,659.00
Other tangible assets / fixtures and
fittings EUR 4,866,821.00
Advance payments made / construction
in progress EUR 13,764.00
Financial assets EUR 18,221,034.00
Shares in participations /
subsidiaries and the like EUR 190,000.00
Shares in related companies EUR 190,000.00
Other / unspecified financial assets
EUR 18,031,034.00
Current assets EUR 63,606,271.00
Stocks EUR 15,203,251.00
Raw materials, consumables and
supplies EUR 3,139,612.00
Finished goods / work in progress EUR
32,343,906.00
Land and buildings EUR 5,736,356.00
Advance payments made EUR 11,481,178.00
Minus received advance payments for
orders / installments for stocks EUR
-37,497,801.00
Accounts receivable EUR 37,483,846.00
Trade debtors EUR 30,142,198.00
Amounts due from related companies EUR 5,335,665.00
Other debtors and assets EUR 2,005,983.00
Liquid means EUR 10,919,174.00
Remaining other assets EUR 383,425.00
Accruals (assets) EUR 314,143.00
Deferred taxes (assets) EUR 69,282.00
LIABILITIES EUR 90,422,769.00
Shareholders' equity EUR 46,843,125.00
Capital EUR 3,528,000.00
Subscribed capital (share capital) EUR
3,528,000.00
Reserves EUR 2,045,168.00
Capital reserves EUR 1,533,876.00
Retained earnings / revenue reserves
EUR 511,292.00
Balance sheet profit/loss (+/-) EUR 41,269,957.00
Profit / loss brought forward EUR 26,921,603.00
Annual surplus / annual deficit EUR 14,348,354.00
Provisions EUR 16,882,809.00
Pension provisions and comparable
provisions EUR 3,288,167.00
Provisions for taxes EUR 2,478,525.00
Other / unspecified provisions EUR 11,116,117.00
Liabilities EUR 26,696,835.00
Other liabilities EUR 26,696,835.00
Trade creditors (for IAS incl. bills
of exchange) EUR 11,555,360.00
Liabilities from received advance
payments EUR 3,356,317.00
Liabililties due to related
companiesEUR 10,192,458.00
Unspecified other liabilities EUR 1,592,700.00
thereof liabilities from tax /
financial authorities EUR 735,962.00
thereof liabilities from social
security EUR 63,189.00
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Sales EUR 176,320,752.00
Inventory change + own costs (+/-) EUR
12,084,109.00
Inventory change (+/-) EUR 12,080,951.00
Capitalised own costs EUR 3,158.00
Other operating income EUR 7,951,985.00
Cost of materials EUR 123,117,218.00
Raw materials and supplies, purchased
goods EUR 117,576,002.00
Purchased services EUR 5,541,216.00
Gross result (+/-) EUR 73,239,628.00
Staff expenses EUR 26,935,988.00
Wages and salaries EUR 22,918,670.00
Social security contributions and
expenses for pension plans and
benefits EUR 4,017,318.00
Total depreciation EUR 1,643,241.00
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 1,643,241.00
Other operating expenses EUR 24,037,828.00
Operating result from continuing
operations EUR 20,622,571.00
Interest result (+/-) EUR -780,350.00
Interest and similar income EUR 212,971.00
thereof from related companies EUR 25,443.00
Interest and similar expenses EUR 993,321.00
thereof paid to related companies EUR 309,922.00
Financial result (+/-) EUR -780,350.00
Result from ordinary operations (+/-) EUR
19,842,221.00
Extraordinary expenses EUR 64,503.00
Extraordinary result (+/-) EUR -64,503.00
Income tax / refund of income tax
(+/-)EUR -5,200,379.00
Other taxes / refund of taxes EUR -228,985.00
Tax (+/-) EUR -5,429,364.00
Annual surplus / annual deficit EUR 14,348,354.00
Type
of balance
sheet: Company balance sheet
Financial
year: 01.01.2011 - 31.12.2011
ASSETS EUR 74,090,621.00
Fixed assets EUR 9,373,458.00
Intangible assets EUR 269,758.00
Concessions, licences, rights EUR 269,758.00
Tangible assets EUR
8,953,700.00
Plant / machinery EUR 2,098,342.00
Other tangible assets / fixtures and
fittings EUR 3,150,268.00
Advance payments made / construction
in progress EUR 717,590.00
Other / unspecified tangible assets EUR
2,987,500.00
Financial assets EUR 150,000.00
Shares in participations /
subsidiaries and the like EUR 150,000.00
Shares in related companies EUR 150,000.00
Current assets EUR 64,312,581.00
Stocks EUR 8,738,022.00
Raw materials, consumables and
supplies EUR 3,555,279.00
Finished goods / work in progress EUR
20,262,955.00
Land and buildings EUR 2,892,536.00
Advance payments made EUR 16,318,734.00
Minus received advance payments for
orders / installments for stocks EUR
-34,291,482.00
Accounts receivable EUR 33,366,574.00
thereof total due from shareholders EUR
5,019,326.00
Trade debtors EUR 23,452,924.00
Amounts due from related companies EUR
7,327,404.00
Other debtors and assets EUR 2,586,246.00
Liquid means EUR 22,207,985.00
Remaining other assets EUR 404,582.00
Accruals (assets) EUR 370,844.00
Deferred taxes (assets) EUR 33,738.00
LIABILITIES EUR 74,090,621.00
Shareholders' equity EUR 32,494,772.00
Capital EUR 3,528,000.00
Subscribed capital (share capital) EUR
3,528,000.00
Reserves EUR 2,045,168.00
Capital reserves EUR 1,533,876.00
Retained earnings / revenue reserves
EUR 511,292.00
Balance sheet profit/loss (+/-) EUR 26,921,604.00
Profit / loss brought forward EUR 21,595,247.00
Annual surplus / annual deficit EUR 5,326,357.00
Provisions EUR 13,151,607.00
Pension provisions and comparable
provisions EUR 3,160,146.00
Provisions for taxes EUR 1,471,785.00
Other / unspecified provisions EUR 8,519,676.00
Liabilities EUR 28,444,242.00
Other liabilities EUR 28,444,242.00
Trade creditors (for IAS incl. bills
of exchange) EUR 4,443,918.00
Liabilities from received advance
payments EUR 5,157,214.00
Liabililties due to related companiesEUR 16,792,089.00
Unspecified other liabilities EUR 2,051,021.00
thereof liabilities from tax /
financial authorities EUR 1,341,021.00
thereof liabilities from social
security EUR 85,478.00
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Sales EUR 125,044,859.00
Inventory change + own costs (+/-) EUR 5,379,485.00
Inventory change (+/-) EUR 4,000,185.00
Capitalised own costs EUR 1,379,300.00
Other operating income EUR 5,007,347.00
Cost of materials EUR 80,401,934.00
Raw materials and supplies, purchased
goods EUR 75,763,543.00
Purchased services EUR 4,638,391.00
Gross result (+/-) EUR 55,029,757.00
Staff expenses
EUR 23,221,343.00
Wages and salaries EUR 19,690,805.00
Social security contributions and
expenses for pension plans and
benefits EUR 3,530,538.00
Total depreciation EUR 2,091,488.00
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 2,091,488.00
Other operating expenses EUR 21,550,267.00
Operating result from continuing
operations EUR 8,166,659.00
Interest result (+/-) EUR -626,411.00
Interest and similar income EUR 316,459.00
thereof from related companies EUR 120,965.00
Interest and similar expenses EUR 942,870.00
thereof paid to related companies EUR 320,234.00
Financial result (+/-) EUR -626,411.00
Result from ordinary operations (+/-) EUR
7,540,248.00
Extraordinary expenses EUR 64,503.00
Extraordinary result (+/-) EUR -64,503.00
Income tax / refund of income tax
(+/-)EUR -2,114,369.00
Other taxes / refund of taxes EUR -35,019.00
Tax (+/-) EUR -2,149,388.00
Annual surplus / annual deficit EUR 5,326,357.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.18 |
|
|
1 |
Rs.95.71 |
|
Euro |
1 |
Rs.70.75 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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|
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|
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.