|
Report No. : |
304116 |
|
Report Date : |
23.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
SCHNEIDER GMBH & CO. KG |
|
|
|
|
Registered Office : |
Biegenstr. 8-12, D 35112 Fronhausen |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
01.01.1991 |
|
|
|
|
Legal Form : |
Limited Partnership With Private Limited Company As General Partner |
|
|
|
|
Line of Business : |
·
Manufacture of optical instruments and
photographic equipment ·
Manufacture of other general-purpose
machinery ·
Retail sale of paints and building
materials |
|
|
|
|
No. of Employee : |
243 |
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 |
SCHNEIDER GMBH & CO. KG
Company Status: active
Biegenstr. 8-12
D 35112 Fronhausen
Telephone:06426/96960
Telefax: 06426/9696100
Homepage: www.schneider-om.com
E-mail:
info@schneider-om.com
VAT
no.: DE111479922
Business
relations are permissible.
LEGAL FORM Ltd partnership with priv. ltd.
company as
general partner
Date of foundation: 01.01.1991
Begin of business
activities: 19.02.1991
Registered on: 19.02.1991
Register of
companies: Local court 35037 Marburg
under: HRA 2665
Total cap. contribution: EUR 1,000,000.00
Limited partner:
Gunter Schneider
Wilhelm-Roser-Str. 21
D 35037 Marburg
born: 14.06.1958
Share: EUR 1,000,000.00
General partner:
Schneider
Geschäftsführungs-GmbH
Biegenstr. 8-12
D 35112 Fronhausen
Legal form: Private
limited company
Share capital: EUR 30,000.00
Registered on: 04.09.2012
Reg. data: 35037 Marburg,
HRB 6156
Shareholder:
Gunter Schneider
Wilhelm-Roser-Str. 21
D 35037 Marburg
born: 14.06.1958
Share: EUR 30,000.00
Manager:
Gunter Schneider
Wilhelm-Roser-Str. 21
D 35037 Marburg
having sole power of
representation
born: 14.06.1958
Profession:
graduate engineer
Marital status: married
Proxy:
Wolfgang Fischer
D 35037 Marburg
having sole power of
representation
born: 03.12.1964
Proxy:
Dipl.-Ing. Burkhard
Pfeiffer
D 35713 Eschenburg
authorized to jointly
represent the company
born: 13.02.1962
Proxy:
Oswin Lack
D 35625 Hüttenberg
authorized to jointly
represent the company
born: 21.05.1965
Proxy:
Thomas Danger
D 64853 Otzberg
authorized to jointly represent the company
born: 11.12.1966
Proxy:
Wolfgang Fischer
D 35037 Marburg
having sole power of
representation
born: 03.12.1964
19.02.1991 - 02.04.2012 Schneider GmbH & Co. KG
Brückenstr. 21
D 35239 Steffenberg
Ltd partnership with
priv. ltd. company
as general partner
04.07.1995 - 12.10.2012 General partner
Schneider Holding
GmbH
D 35112 Fronhausen
Main industrial sector
26700 Manufacture
of optical instruments and photographic equipment
28290
Manufacture of other general-purpose machinery
47523
Retail sale of paints and building materials
Works:
Schneider GmbH & Co.
KG
Brückenstr. 21
D 35239 Steffenberg
TEL.: 06465/91440
FAX.: 06465/4663
Shareholder:
Team Henrich & Krall
Gesellschaft mit
beschränkter Haftung
Siemensstr. 10
D 63303 Dreieich
Legal form: Private
limited company
Company Status: active
Share capital: EUR
52,000.00
Share: EUR 52,000.00
Reg. data: 28.01.1993
Local court
63065 Offenbach
HRB 33064
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Type of ownership: Tenant
Address Biegenstr. 8-12
D 35112 Fronhausen
Real Estate of: Schneider Geschäftsführungs-GmbH
Type of ownership: Tenant
Address Biegenstr. 8-12
D 35112 Fronhausen
Real Estate of: Gunter Schneider
Type of ownership: proprietor
Share: 100.00 %
Address
Auweg 24
D 35239 Steffenberg
Land register documents were not available.
Principal bank
SPARKASSE MARBURG-BIEDENKOPF, 35216 BIEDENKOPF
Sort. code: 53350000
BIC: HELADEF1MAR
Further bank
VR BANK
BIEDENKOPF-GLADENBACH, 35239 STEFFENBERG
Sort. code: 51762434
BIC: GENODE51BIK
Turnover: 2013 EUR 61,205,000.00
2014
EUR 65,000,000.00
further business figures:
Equipment: EUR 591,271.00
Ac/ts receivable: EUR
32,740,376.00
Liabilities: EUR
52,729,256.00
Total numbers of vehicles: 5
Employees:
243
-
thereof permanent staff: 239
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity
ratio [%]: 68.78
Liquidity ratio: 8.07
Return on total capital [%]: 16.71
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 67.92
Liquidity ratio: 10.00
Return on total capital [%]: 22.89
Balance sheet ratios 01.01.2010 -
31.12.2010
Equity ratio [%]: 72.48
Liquidity ratio: 10.00
Return on total capital [%]: 36.26
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity
ratio [%]: 54.91
Liquidity ratio: 10.00
Return on total capital [%]: 27.39
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 58,547,405.08
Fixed assets
EUR 2,546,741.26
Intangible assets
EUR 506,406.00
Concessions, licences, rights
EUR 376,406.00
Advance payments for intang. assets
EUR 130,000.00
Tangible assets
EUR 2,038,835.26
Land / similar rights
EUR 816,265.76
Plant / machinery
EUR 548,516.00
Other tangible assets / fixtures and
fittings
EUR 591,271.00
Advance payments made / construction
in progress
EUR 82,782.50
Financial assets
EUR 1,500.00
Shares in participations /
subsidiaries and the like EUR 1,500.00
Shares in cooperatives
EUR 1,500.00
Current assets
EUR 55,950,818.87
Stocks
EUR 11,390,008.54
Raw
materials, consumables and
supplies
EUR 3,152,133.32
Finished goods / work in progress
EUR 8,132,623.53
Advance payments made
EUR 105,251.69
Accounts receivable EUR 32,740,376.24
Amounts due from shareholders
EUR 0.00
Trade debtors
EUR 21,125,036.43
Other debtors and assets
EUR 11,615,339.81
Investments in current assets
EUR 2,415,499.55
Other investments
EUR 2,415,499.55
Liquid means
EUR 9,404,934.54
Remaining other assets
EUR 49,844.95
Accruals (assets)
EUR 49,844.95
LIABILITIES EUR 58,547,405.08
Shareholders' equity
EUR 1,000,000.00
Capital
EUR 1,000,000.00
Limited partner's capital / capital
of partially liable partner (LP)
EUR 1,000,000.00
Provisions
EUR 4,727,676.87
Provisions for taxes
EUR 909,169.87
Other / unspecified provisions EUR 3,818,507.00
Liabilities
EUR 52,729,256.16
Financial debts
EUR 195,491.36
Liabilities due to banks
EUR 195,491.36
Other liabilities
EUR 52,533,764.80
Trade creditors (for IAS incl. bills
of exchange)
EUR 5,650,763.66
Liabilities from received advance
payments EUR 6,403,691.56
Liabilities due to shareholders
EUR 39,268,230.58
Unspecified other liabilities
EUR 1,211,079.00
thereof liabilities from tax /
financial authorities
EUR 156,219.84
thereof liabilities from social
security
EUR 18,567.84
Other liabilities
EUR 90,472.05
Deferred taxes (not included under
provisions/liabilities) EUR 90,472.05
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 70,010,714.09
Inventory change + own costs (+/-)
EUR 1,394,998.19
Inventory change (+/-)
EUR 1,384,743.20
Capitalised own costs
EUR 10,254.99
Other operating income
EUR 2,933,381.84
Cost of materials
EUR 36,119,315.84
Raw materials and supplies, purchased
goods
EUR 32,154,986.73
Purchased services
EUR 3,964,329.11
Gross result (+/-)
EUR 38,219,778.28
Staff expenses
EUR 13,064,762.50
Wages and salaries
EUR 11,000,852.06
Social security contributions and
expenses for pension plans and
benefits
EUR 2,063,910.44
Total depreciation
EUR 628,816.16
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 628,816.16
Other operating expenses EUR
12,075,230.29
Operating result from continuing
operations
EUR 12,450,969.33
Interest result (+/-)
EUR -1,102,092.16
Interest and similar income
EUR 533,734.77
Interest and similar expenses
EUR 1,635,826.93
Other financial result
EUR -20,333.71
Depreciation on financial assets and
marketable securities
EUR 20,333.71
Financial
result (+/-) EUR -1,122,425.87
Result from ordinary operations (+/-)
EUR 11,328,543.46
Income tax / refund of income tax (+/-)EUR -1,520,268.02
Other taxes / refund of taxes
EUR -23,444.47
Tax
(+/-)
EUR -1,543,712.49
Annual surplus / annual deficit
EUR 9,784,830.97
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 50,453,449.71
Fixed assets
EUR 2,212,553.26
Intangible assets
EUR 446,792.00
Concessions, licences, rights
EUR 446,792.00
Tangible assets
EUR 1,765,761.26
Land / similar rights
EUR 902,495.76
Plant / machinery
EUR 316,680.00
Other tangible assets / fixtures and
fittings EUR 513,303.00
Advance payments made / construction
in progress
EUR 33,282.50
Current assets
EUR 48,208,769.45
Stocks EUR 10,598,084.45
Raw materials, consumables and
supplies
EUR 3,012,406.61
Finished goods / work in progress
EUR 6,775,127.08
Advance payments made EUR 810,550.76
Accounts receivable
EUR 26,358,584.47
Amounts due from shareholders
EUR 875.51
Trade debtors
EUR 19,707,058.73
Other debtors and assets
EUR 6,650,650.23
Investments in current assets
EUR 2,412,167.70
Other investments
EUR 2,412,167.70
Liquid means
EUR 8,839,932.83
Remaining other assets
EUR 32,127.00
Accruals (assets)
EUR 32,127.00
LIABILITIES EUR 50,453,449.71
Shareholders' equity
EUR 1,000,000.00
Capital EUR 1,000,000.00
Limited partner's capital / capital
of partially liable partner (LP)
EUR 1,000,000.00
Provisions
EUR 5,409,539.31
Provisions
for taxes EUR 1,943,080.60
Other / unspecified provisions
EUR 3,466,458.71
Liabilities
EUR 43,991,535.40
Financial debts
EUR 225,567.60
Liabilities due to banks
EUR 225,567.60
Other liabilities
EUR 43,765,967.80
Trade creditors (for IAS incl. bills
of exchange)
EUR 4,850,297.69
Liabilities
from received advance
payments
EUR 4,432,192.77
Liabilities due to shareholders
EUR 33,268,275.63
Unspecified other liabilities
EUR 1,215,201.71
thereof liabilities from tax /
financial authorities
EUR 122,748.00
thereof liabilities from social
security
EUR 21,614.21
Other liabilities
EUR 52,375.00
Deferred
taxes (not included under
provisions/liabilities)
EUR 52,375.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 59,829,453.84
Inventory change + own costs (+/-)
EUR 700,137.08
Inventory change (+/-)
EUR 690,747.59
Capitalised own costs
EUR 9,389.49
Other operating income
EUR 3,626,898.55
Cost of materials
EUR 29,912,368.10
Raw materials and supplies, purchased
goods
EUR 26,662,139.87
Purchased services
EUR 3,250,228.23
Gross
result (+/-) EUR 34,244,121.37
Staff expenses
EUR 11,388,502.26
Wages and salaries
EUR 9,583,176.55
Social security contributions and
expenses for pension plans and
benefits
EUR 1,805,325.71
Total depreciation
EUR 586,097.21
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 586,097.21
Other operating expenses
EUR 8,808,179.95
Operating result from continuing
operations
EUR 13,461,341.95
Interest result (+/-)
EUR -374,422.52
Interest and similar income
EUR 233,409.86
Interest and similar expenses
EUR 607,832.38
Other financial result
EUR -42,283.43
Depreciation on financial assets and
marketable securities
EUR 42,283.43
Financial result (+/-)
EUR -416,705.95
Result from ordinary operations (+/-)
EUR 13,044,636.00
Income tax / refund of income tax (+/-)EUR -1,471,234.00
Other taxes / refund of taxes
EUR -22,499.77
Tax
(+/-)
EUR -1,493,733.77
Annual surplus / annual deficit
EUR 11,550,902.23
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.69 |
|
|
1 |
Rs.93.33 |
|
Euro |
1 |
Rs.71.49 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
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.