|
Report No. : |
301607 |
|
Report Date : |
06.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
DYWIDAG-SYSTEMS INTERNATIONAL GMBH |
|
|
|
|
Registered Office : |
Destouchesstr. 68 D 80796 München Post Box: 81 02 68, D 81902 München |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
01.01.2013 |
|
|
|
|
Date of Incorporation : |
10.03.2005 |
|
|
|
|
Com. Reg. No.: |
HRB 156367 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employee : |
354 |
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 |
|
|
|
|
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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, 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 |
DYWIDAG-SYSTEMS INTERNATIONAL GMBH
Company Status: active
Destouchesstr. 68
D 80796 München
Post Box:
81 02 68, D 81902 München
Telephone:089/309050100
Telefax: 089/309050120
Homepage:
www.dywidag-systems.de
E-mail: dsihv@dywidag-systems.de
VAT no.: DE814585547
Tax ID number: 143/131/50659
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 10.03.2005
Shareholders'
agreement: 10.03.2005
Registered on: 10.03.2005
Commercial Register: Local court 80333 München
under: HRB 156367
EUR 30,000,000.00
Shareholder:
DSI Holding GmbH
Destouchesstr. 68
D 80796 München
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 30,000,000.00
Registered on: 08.07.2005
Reg. data: 80333 München,
HRB 157836
Manager:
Franz Schnagl
Ridlerstr. 11
D 80339 München
born: 22.10.1957
Marital status: single
Manager:
Torsten Engel
D 65329 Hohenstein
born: 08.04.1967
Manager:
Dr. Christian Gläser
Schrämelstr. 50
D 81247 München
born: 16.09.1975
Manager:
Johann Wlodkowski
Münchener Str. 3
D 83395 Freilassing
born: 05.03.1950
Manager:
Nicholas Hayward Moses
GB Haslemere
having sole power of
representation
born: 18.10.1966
Nationality: British
Proxy:
Armin Walter Demelt
D 40822 Mettmann
authorized to jointly
represent the company
born: 08.10.1954
Proxy:
Gordon Pusch
D 10115 Berlin
authorized to jointly represent the company
born: 27.06.1968
Proxy:
Andrik Füllberg
GB - London
authorized to jointly
represent the company
born: 02.03.1971
Nationality: British
Proxy:
Dr. Christian Gläser
Schrämelstr. 50
D 81247 München
authorized to jointly
represent the company
born: 16.09.1975
Proxy:
Scott Thorn-Davis
GB Speen/Princes Risborough
authorized to jointly
represent the company
born: 13.08.1969
Nationality: British
Proxy:
Peter Michael Offenberg
D 86399 Bobingen
authorized to jointly
represent the company
born: 17.08.1960
Proxy:
Jörg Falke
D 49324 Melle
having sole power of
representation
born: 08.04.1971
Proxy:
Alwin Fürholzer
D 86830 Schwabmünchen
authorized to jointly
represent the company
born: 26.03.1970
Proxy:
Christian Römschied
D 80796 München
authorized to jointly
represent the company
born: 12.05.1974
Proxy:
Martin Rier
D 82049 Pullach
authorized to jointly
represent the company
born: 22.09.1979
Further functions/participations of Franz
Schnagl (Manager)
Manager:
FS Holding GmbH
Herzog-Johann-Str. 19
D 81245 München
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 23.06.2008
Reg. data: 80333 München, HRB 174146
Further functions/participations of Torsten
Engel (Manager)
Manager:
DSI Chile Holding GmbH
Destouchesstr. 68
D 80796 München
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 01.02.2008
Reg. data: 80333 München, HRB 172065
Further functions/participations of Johann
Wlodkowski (Manager)
Manager:
DSI Holding GmbH
Destouchesstr. 68
D 80796 München
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 08.07.2005
Reg. data: 80333 München, HRB 157836
Further functions/participations of Nicholas
Hayward Moses (Manager)
Manager:
DSI Holding GmbH
Destouchesstr. 68
D 80796 München
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 08.07.2005
Reg. data: 80333 München, HRB 157836
Manager:
DSI Chile Holding GmbH
Destouchesstr. 68
D 80796 München
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 01.02.2008
Reg. data: 80333 München, HRB 172065
Manager:
Schaum-Chemie
Beteiligungen 1 GmbH
Destouchesstr. 68
D 80796 München
Legal form: Private
limited company
Share capital: EUR 25,100.00
Registered
on: 04.06.2014
Reg. data: 80333 München, HRB 212250
10.03.2005 - 08.12.2005 Blitz 05-103 GmbH
Bavariaring 29
D 80336 München
Private limited
company
08.12.2005 - 16.10.2006 DSI Group GmbH
Dywidagstr. 1
D 85609 Aschheim
Private limited
company
16.10.2006 - 16.02.2009 DYWIDAG-Systems International GmbH
Dywidagstr. 1
D 85609 Aschheim
Private limited
company
16.02.2009 - 25.06.2010 DYWIDAG-Systems International GmbH
Siemensstr. 8
D 85716
Unterschleißheim
Private limited
company
Main industrial sector
28990
Manufacture of other special-purpose machinery n.e.c.
70101
Management of holding companies
Branch:
DYWIDAG-Systems International
GmbH
Schützenstr. 20
D 14641 Nauen
Reg. entry: 13.05.2009
Branch:
DYWIDAG-Systems
International GmbH
Schallbruch 53-55
D 42781 Haan
TEL.: 02129/9322-0
Branch:
DYWIDAG-Systems
International GmbH
Max-Planck-Ring 1
D 40764 Langenfeld
Reg. entry: 13.05.2009
Branch:
DYWIDAG-Systems
International GmbH
Germanenstr. 8
D 86343 Königsbrunn
TEL.: 08231/96070
Reg. entry: 13.05.2009
Branch:
DYWIDAG-Systems International GmbH
Siemensstr. 8
D 85716 Unterschleißheim
Reg. entry: 13.05.2009
Branch:
DYWIDAG-Systems
International GmbH
Südstr. 3
D 32457 Porta Westfalica
TEL.: 05731/76780
FAX.: 05731/767876
Reg. entry: 13.05.2009
Branch:
DYWIDAG-Systems
International GmbH
Pfriemsdorfer Weg 11
D 06366 Köthen
TEL.: 03496/211205
FAX.: 03496/211520
Shareholder:
Contec Bausysteme GmbH
Südstr. 3
D 32457 Porta Westfalica
Legal form: Private
limited company
Company Status: dissolved
since: 08.04.2009
Share capital: EUR 105,000.00
Share: EUR 105,000.00
Reg. data: 29.12.1999
Local court
32545 Bad Oeynhausen
HRB 4300
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Balance
sheet year: 2013
Type of ownership: Tenant
Address Destouchesstr. 68
D 80796 München
Land register documents were not available.
DEUTSCHE BANK, 80271 MÜNCHEN
Sort. code: 70070010
BIC: DEUTDEMMXXX
Turnover: 2013 EUR 85,980,727.00
Profit: 2013 EUR 3,921,450.00
Equipment: EUR 755,078.00
Ac/ts receivable: EUR 38,414,659.00
Liabilities: EUR 19,393,388.00
Employees:
354
-
thereof permanent staff: 354
Balance sheet
ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 39.34
Liquidity ratio: 1.97
Return on total capital [%]: 6.95
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 41.23
Liquidity ratio: 2.09
Return on total capital [%]: 3.06
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 42.18
Liquidity ratio: 1.77
Return on total capital [%]: 4.67
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 21.86
Liquidity ratio: 1.01
Return on total capital [%]: 13.42
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 65,413,258.90
Fixed assets EUR 15,890,598.42
Intangible assets EUR 4,988,825.66
Concessions, licences,
rights EUR 4,988,825.66
Tangible assets EUR 4,203,414.31
Land / similar
rights EUR 1,233,613.73
Plant / machinery EUR 1,724,106.73
Other tangible assets /
fixtures and
fittings EUR 755,078.27
Advance payments made /
construction
in progress EUR 490,615.58
Financial assets EUR 6,698,358.45
Shares in participations
/
subsidiaries and the
like EUR 6,698,358.45
Shares in related
companies EUR 6,397,477.61
Shares in investee
companies EUR 300,880.84
Current assets EUR 49,503,971.84
Stocks EUR 7,398,112.92
Raw materials,
consumables and
supplies EUR 2,011,412.29
Finished goods / work in
progress EUR 12,370,232.78
Advance payments
made EUR 104,544.85
Minus received advance
payments for
orders / installments
for stocks EUR -7,088,077.00
Accounts receivable EUR 38,414,659.03
Trade debtors EUR 7,075,086.81
Amounts due from related
companies EUR 29,875,588.68
Amounts due from
investee companies EUR 172,283.20
Other debtors and
assets EUR 1,291,700.34
Liquid means EUR 3,691,199.89
Remaining other
assets EUR 18,688.64
Accruals (assets) EUR 18,688.64
LIABILITIES EUR 65,413,258.90
Shareholders' equity EUR 30,232,637.98
Capital EUR 30,000,000.00
Subscribed capital
(share capital) EUR 30,000,000.00
Reserves EUR 232,637.98
Capital reserves EUR 232,637.98
Provisions EUR 15,783,272.91
Pension provisions and
comparable
provisions EUR 12,093,843.00
Other / unspecified
provisions EUR 3,689,429.91
Liabilities EUR 19,393,388.01
Other liabilities EUR
19,393,388.01
Trade creditors (for IAS
incl. bills
of exchange) EUR 8,050,737.73
Liabililties due to
related companiesEUR
9,918,000.25
Unspecified other
liabilities EUR 1,424,650.03
thereof liabilities
from tax /
financial
authorities EUR 232,188.67
thereof liabilities
from social
security EUR 48,256.39
Other liabilities EUR 3,960.00
Deferrals
(liabilities) EUR 3,960.00
Guarantees and other
commitments EUR 132,216,000.00
Guarantees /
warranties EUR 216,000.00
Guarantees EUR 216,000.00
Other guarantees and
other commitmentsEUR
132,000,000.00
PROFIT AND LOSS ACCOUNT
(cost of sales method) according to Comm.
Code (HGB)
Sales EUR 85,980,727.18
Manufacturing costs EUR 64,816,718.87
Gross result on sales EUR 21,164,008.31
Distribution costs EUR 9,783,894.66
General administration
expenses EUR 7,931,837.61
Other operating
income EUR 3,152,752.35
Other operating
expenses EUR 3,807,391.93
Operating result from
continuing
operations EUR 2,793,636.46
Result from participating
interests
(+/-) EUR 1,228,576.40
Expenses / income from
participations EUR 1,228,576.40
Income from related
companies EUR 1,228,576.40
Interest result (+/-) EUR 42,886.47
Interest and similar
income EUR 1,451,086.18
thereof from related
companies EUR 1,450,336.05
Interest and similar
expenses EUR 1,408,199.71
thereof paid to related
companies EUR 562,148.65
Financial result
(+/-) EUR 1,271,462.87
Result from ordinary
operations (+/-) EUR 4,065,099.33
Extraordinary income EUR 30,605.63
Extraordinary
expenses EUR 138,412.00
Extraordinary result
(+/-) EUR -107,806.37
Expenses for transfer of
profits to a
parent company EUR 3,921,450.39
Income tax / refund of
income tax (+/-)EUR -35,842.57
Tax (+/-) EUR -35,842.57
Annual surplus / annual
deficit EUR 0.00
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 64,723,592.03
Fixed assets EUR 15,098,030.38
Intangible assets EUR 5,018,537.54
Concessions, licences,
rights EUR 5,018,537.54
Tangible assets EUR 3,381,134.39
Land / similar
rights EUR 1,329,911.73
Plant / machinery EUR 1,303,545.48
Other tangible assets /
fixtures and
fittings EUR 742,379.03
Advance payments made /
construction
in progress EUR 5,298.15
Financial assets EUR 6,698,358.45
Shares in participations
/
subsidiaries and the
like EUR 6,698,358.45
Shares in related
companies EUR 6,397,477.61
Shares in investee
companies EUR 300,880.84
Current assets EUR 49,611,153.79
Stocks EUR 6,559,576.98
Raw materials,
consumables and
supplies EUR 2,551,362.21
Finished goods / work in
progress EUR 15,861,865.70
Minus received advance
payments for
orders / installments
for stocks EUR -11,853,650.93
Accounts receivable EUR 39,207,998.35
Trade debtors EUR 5,440,557.44
Amounts due from related
companies EUR 32,069,543.86
Amounts due from
investee companies EUR 178,680.00
Other debtors and
assets EUR 1,519,217.05
Liquid means EUR 3,843,578.46
Remaining other
assets EUR 14,407.86
Accruals (assets) EUR 14,407.86
LIABILITIES EUR 64,723,592.03
Shareholders' equity EUR 30,232,637.98
Capital EUR 30,000,000.00
Subscribed capital
(share capital) EUR 30,000,000.00
Reserves EUR 232,637.98
Capital reserves EUR 232,637.98
Provisions EUR 14,786,658.06
Pension provisions and
comparable
provisions EUR 11,467,988.00
Other / unspecified
provisions EUR 3,318,670.06
Liabilities EUR 19,704,295.99
Other liabilities EUR 19,704,295.99
Trade creditors (for IAS
incl. bills
of exchange) EUR 7,225,736.95
Liabililties due to
related companiesEUR
11,503,787.58
Unspecified other
liabilities EUR 974,771.46
thereof liabilities
from tax /
financial authorities EUR 214,395.84
thereof liabilities
from social
security EUR 43,264.68
PROFIT AND LOSS ACCOUNT
(cost of sales method) according to Comm.
Code (HGB)
Sales EUR 79,887,517.20
Manufacturing costs EUR 62,010,794.16
Gross result on sales EUR 17,876,723.04
Other operating
income EUR 1,685,579.36
Other operating
expenses EUR 21,634,486.98
Operating result from
continuing
operations EUR -2,072,184.58
Result from participating
interests
(+/-) EUR 4,160,879.70
Expenses / income from
participations EUR 4,160,879.70
Income from related
companies EUR 4,160,879.70
Interest result (+/-) EUR -82,240.00
Interest and similar
income EUR 1,398,433.24
thereof from related
companies EUR 1,395,307.66
Interest and similar
expenses EUR 1,480,673.24
thereof paid to related
companies EUR 743,976.70
Financial result
(+/-) EUR
4,078,639.70
Result from ordinary
operations (+/-) EUR 2,006,455.12
Extraordinary income EUR 227,979.43
Extraordinary
expenses EUR 138,412.00
Extraordinary result (+/-) EUR 89,567.43
Expenses for transfer of
profits to a
parent company EUR 1,885,322.57
Income tax / refund of
income tax (+/-)EUR -209,977.06
Other taxes / refund of
taxes EUR -722.92
Tax (+/-) EUR -210,699.98
Annual surplus / annual
deficit EUR 0.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.39 |
|
|
1 |
Rs.96.84 |
|
Euro |
1 |
Rs.75.67 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
ANK |
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.