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Report No. : |
304978 |
|
Report Date : |
23.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
FLEXLIFT HUBGERÄTE GMBH |
|
|
|
|
Registered Office : |
Eckendorfer
Str. 115, D 33609 Bielefeld |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation : |
24.07.1981 |
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|
|
|
Legal Form : |
Private limited company |
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|
|
|
Line of Business : |
Manufacture of other general-purpose machinery |
|
|
|
|
No. of Employee : |
61 |
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 : |
No Complaints |
|
|
|
|
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 |
Flexlift Hubgeräte GmbH
Eckendorfer
Str. 115
D 33609
Bielefeld
Telephone:0521/7806-0
Telefax: 0521/7806-110
Homepage: www.flexlift.de
E-mail: verkauf@felxlift.de
Active
DE124004933
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 15.05.1981
Shareholders'
agreement: 15.05.1981
Registered on: 24.07.1981
Commercial Register: Local court 33602
Bielefeld
under: HRB 31583
Share capital: EUR 26,000.00
Shareholder:
Carsten Heide
Moorbachtal 23
D 33739 Bielefeld
born: 16.06.1961
Share: EUR 18,200.00
Shareholder:
Ulrike Heide
Kammerratsheide 45
D 33609 Bielefeld
born: 24.02.1937
née: Glackemeier
Share: EUR 5,200.00
Shareholder:
Christoph Andreas Mohr
D 33602 Bielefeld
born: 26.04.1956
Share: EUR 2,600.00
Manager:
Carsten Heide
Moorbachtal 23
D 33739 Bielefeld
having sole power of
representation
born: 16.06.1961
Proxy:
Waldemar Penner
D 33609 Bielefeld
having sole power of
representation
born: 08.09.1965
Further functions/participations of Carsten
Heide (Manager)
Limited partner:
ACR Immobilien GmbH &
Co. KG
Moorbachtal 23
D 33739 Bielefeld
Legal form: Ltd partnership
with priv. ltd.
company as
general partner
Total cap. EUR 1,000.00
contribution:
Share: EUR 1,000.00
Registered
on: 16.12.2008
Reg. data: 33602 Bielefeld, HRA 15376
Shareholder:
ACR Verwaltungs GmbH
Moorbachtal 23
D 33739 Bielefeld
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on:
12.12.2008
Reg. data: 33602 Bielefeld, HRB 39426
Shareholder:
Flexlift Beteiligungs
GmbH
Eckendorfer Str. 115
D 33609 Bielefeld
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 15.04.2013
Reg. data: 33602 Bielefeld, HRB 41035
Manager:
ACR Verwaltungs GmbH
Moorbachtal 23
D 33739 Bielefeld
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 12.12.2008
Reg. data: 33602 Bielefeld, HRB 39426
Manager:
Flexlift Beteiligungs
GmbH
Eckendorfer Str. 115
D 33609 Bielefeld
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 15.04.2013
Reg. data: 33602 Bielefeld, HRB 41035
21.11.2005 - 13.04.2007 Flexlift Hubgeräte GmbH
Eckendorfer Str. 115
D 33609 Bielefeld
Private limited company
29.08.1994 - 05.11.2013 Manager
Werner Heidenreich
D 33719 Bielefeld
Main industrial sector
28290
Manufacture of other general-purpose machinery
Secondary
industrial sector
28910 Manufacture of machinery for metallurgy
4669 Wholesale of other machinery, equipment and
supplies
46692 Wholesale of other machinery
Branch:
Flexlift Hubgeräte GmbH
Töpferstr. 8
D 33609 Bielefeld
Payment experience: cash discount/within agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2012/2013
Type of ownership: Tenant
Address Eckendorfer
Str. 115
D 33609 Bielefeld
Land register documents were not available.
Principal bank
COMMERZBANK, 33596 BIELEFELD
Sort. code: 48040035
BIC: COBADEFFXXX
Further banks
DEUTSCHE BANK, 33501 BIELEFELD
Sort. code: 48070020
BIC: DEUTDE3BXXX
COMMERZBANK VORMALS DRESDNER BANK, 33502
BIELEFELD
Sort. code: 48080020
BIC: DRESDEFF480
BIELEFELDER VOLKSBANK -ALT-, 33529 BIELEFELD
Sort. code: 48060036
BIC: GENODEM1BIE
Gross profit or
loss:2012/2013 EUR 8,822,576.00
Profit: 2012/2013 EUR 727,273.00
Ac/ts receivable: EUR 2,611,329.00
Liabilities: EUR 2,501,396.00
Total numbers of
vehicles:
12
Employees:
61
- thereof permanent
staff:
61
Balance sheet ratios 01.04.2012 - 31.03.2013
Equity ratio [%]: 41.47
Liquidity ratio: 1.83
Return on total capital [%]: 10.45
Balance sheet ratios 01.04.2011 - 31.03.2012
Equity ratio [%]: 34.16
Liquidity ratio: 0.69
Return on total capital [%]: 5.05
Balance sheet ratios 01.04.2010 - 31.03.2011
Equity ratio [%]: 32.96
Liquidity ratio: 1.03
Return on total capital [%]: 3.59
Balance sheet ratios 01.04.2009 - 31.03.2010
Equity ratio [%]: 35.14
Liquidity ratio: 1.39
Return on total capital [%]: 6.92
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.
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.
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: 01.04.2012
- 31.03.2013
ASSETS EUR 7,021,957.06
Fixed assets EUR 517,983.78
Intangible assets EUR 78,739.50
Tangible assets EUR 348,653.00
Financial assets EUR 90,591.28
Other / unspecified
financial assets EUR
90,591.28
Current assets EUR 6,396,807.28
Stocks EUR 2,709,750.42
Accounts receivable EUR 2,611,328.67
Liquid means EUR 1,075,728.19
Remaining other assets EUR 107,166.00
Accruals (assets) EUR 107,166.00
LIABILITIES EUR 7,021,957.06
Shareholders' equity EUR 2,935,361.94
Capital EUR 26,000.00
Subscribed capital
(share capital) EUR 26,000.00
Balance sheet profit/loss
(+/-) EUR 2,909,361.94
Profit / loss brought
forward EUR 2,182,088.71
Annual surplus / annual
deficit EUR 727,273.23
Provisions EUR 1,585,199.16
Liabilities EUR 2,501,395.96
Guarantees and other
commitments EUR 564,868.42
Guarantees /
warranties EUR 564,868.42
Guarantees EUR 564,868.42
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Gross result (+/-) EUR 8,822,576.23
Staff expenses EUR 3,642,931.61
Wages and salaries EUR 3,034,636.18
Social security
contributions and
expenses for pension
plans and
benefits EUR 608,295.43
Total depreciation EUR 117,900.36
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 117,900.36
Other operating
expenses EUR 3,817,652.58
Operating result from
continuing
operations EUR 1,244,091.68
Interest result (+/-) EUR -121,425.52
Interest and similar
income EUR 2,061.03
Interest and similar
expenses EUR 123,486.55
Other financial
result EUR 8,658.73
Income from securities
and loans from
financial assets EUR 8,658.73
Financial result
(+/-) EUR -112,766.79
Result from ordinary
operations (+/-) EUR 1,131,324.89
Extraordinary
expenses EUR 2,575.00
Extraordinary result
(+/-) EUR -2,575.00
Income tax / refund of
income tax (+/-)EUR -395,216.22
Other taxes / refund of
taxes EUR -6,260.44
Tax (+/-) EUR -401,476.66
Annual surplus / annual
deficit EUR 727,273.23
Type of balance sheet: Company
balance sheet
Financial year: 01.04.2011
- 31.03.2012
ASSETS EUR 7,458,191.89
Fixed assets EUR 361,975.79
Intangible assets EUR 30,419.50
Other / unspecified
intangible assetsEUR
30,419.50
Tangible assets EUR 197,023.50
Other / unspecified
tangible assets EUR 197,023.50
Financial assets EUR 134,532.79
Other / unspecified
financial assets EUR
134,532.79
Current assets EUR 6,996,278.10
Stocks EUR 4,320,579.67
Accounts receivable EUR 2,442,785.37
Other debtors and
assets EUR 2,442,785.37
Liquid means EUR 232,913.06
Remaining other
assets EUR 99,938.00
Accruals (assets) EUR 99,938.00
LIABILITIES EUR 7,458,191.89
Shareholders' equity EUR 2,558,088.71
Capital EUR 26,000.00
Subscribed capital
(share capital) EUR 26,000.00
Balance sheet profit/loss
(+/-) EUR 2,532,088.71
Profit / loss brought
forward EUR 2,158,473.24
Annual surplus / annual
deficit EUR 373,615.47
Provisions EUR 1,130,457.00
Liabilities EUR 3,769,646.18
Other liabilities EUR 3,769,646.18
Unspecified other
liabilities EUR 3,769,646.18
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Gross result (+/-) EUR 7,219,673.45
Staff expenses EUR 3,260,021.19
Wages and salaries EUR 2,702,401.37
Social security
contributions and
expenses for pension
plans and
benefits EUR 557,619.82
Total depreciation EUR 78,619.45
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 78,619.45
Other operating
expenses EUR 3,123,298.24
Operating result from
continuing
operations EUR 757,734.57
Interest result (+/-) EUR -166,016.05
Interest and similar
income EUR 2,303.23
Interest and similar
expenses EUR 168,319.28
Other financial
result EUR 7,611.36
Income from securities
and loans from
financial assets EUR 7,611.36
Financial result
(+/-) EUR -158,404.69
Result from ordinary
operations (+/-) EUR 599,329.88
Extraordinary
expenses EUR 2,575.00
Extraordinary result (+/-) EUR -2,575.00
Income tax / refund of
income tax (+/-)EUR -218,433.76
Other taxes / refund of
taxes EUR -4,705.65
Tax (+/-) EUR -223,139.41
Annual surplus / annual
deficit EUR 373,615.47
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.69 |
|
|
1 |
Rs.93.32 |
|
Euro |
1 |
Rs.71.48 |
INFORMATION DETAILS
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
DPT |
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.