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Report No. : |
325148 |
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Report Date : |
05.06.2015 |
IDENTIFICATION DETAILS
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Name : |
SCHACHTGUSS-HT GMBH |
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Registered Office : |
Gerhard-Ellrodt-Str. 29a + B, D 04249 Leipzig |
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Country : |
Germany |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
25.06.2003 |
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Com. Reg. No.: |
HRB 19838 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Manufacture
of Metal Products n.e.c. · Wholes of Metal and Plastic Goods for Construction Purposes |
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No. of Employees : |
8 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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, 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 2014. The new German government introduced
a minimum wage of about $11.60 (8.50 euros) 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%. The budget was essentially in
balance in 2014. 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 plans to replace nuclear
power with renewable energy, which accounts for 34% of total energy
consumption, up from 9% in 2000. 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 |
SCHACHTGUSS-HT
GMBH
Company
Status: active
Gerhard-Ellrodt-Str.
29a + b
D 04249 Leipzig
Telephone:0341/4204830
Telefax: 0341/4204832
Homepage: www.schachtguss.com
E-mail: Info@Schachtgussgmbh.de
DE229916198
232/119/00415
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 2003
Shareholders'
agreement: 17.04.2003
Registered on: 25.06.2003
Commercial Register: Local court 04275 Leipzig
under: HRB
19838
EUR 25,000.00
Shareholder:
Peter Werner Schenderlein
Dieskaustr. 218
D 04249 Leipzig
born: 02.05.1943
Share: EUR 25,000.00
Manager:
Peter Werner Schenderlein
Dieskaustr. 218
D 04249 Leipzig
having sole power of
representation
born: 02.05.1943
Marital status: married
Proxy:
Rainer Naumann
Dieskaustr. 218
D 04249 Leipzig
authorized to jointly
represent the company
born: 14.03.1963
Profession: Toolmaker
Marital status: married
Proxy:
Tatjana Schenderlein
Dieskaustr. 218
D 04249 Leipzig
authorized to jointly
represent the company
born: 09.08.1954 in
Moskau
Marital status: married
17.04.2003 - 17.09.2003 SCHACHTGUSS-HYDRO-TOP GmbH
Dieskaustr. 218
D 04249 Leipzig
Private limited
company
17.09.2003 - 31.05.2006 SCHACHTGUSS-HT GmbH
Dieskaustr. 218
D 04249 Leipzig
Private limited
company
Main industrial sector
25993
Manufacture of metal products n.e.c.
Secondary industrial sector
46743
Wholes of metal and plastic goods for construction purposes
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2013
Type of ownership: Tenant
Address Gerhard-Ellrodt-Str.
29a + b
D 04249 Leipzig
Land register documents were not available.
DEUTSCHE BANK PRIVAT UND GESCHÄFTSKUNDEN,
04083 LEIPZIG
Sort. code: 86070024, Account no.: 2553535
BIC: DEUTDEDBLEG, IBAN: DE24860700240255353500
Turnover: 2013 EUR 6,000,000.00
2014 EUR 6,000,000.00
Profit: 2013 EUR 87,178.00
further business figures:
Equipment: *EUR 64,000.00
Ac/ts receivable: EUR 277,750.00
Liabilities: EUR 1,099,286.00
Employees: 8
The
business figures marked with an asterisk are estimates based on average values
in the line of business.
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 31.17
Liquidity ratio: 0.45
Return on total capital [%]: 6.25
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 33.12
Liquidity ratio: 0.48
Return on total capital [%]: 7.54
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 20.47
Liquidity ratio: 0.37
Return on total capital [%]: -0.31
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 21.28
Liquidity ratio: 0.46
Return on total capital [%]: 4.59
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 1,398,094.15
Fixed assets
EUR 167,075.60
Intangible assets EUR 8,274.00
Tangible assets
EUR 158,801.60
Current assets
EUR 1,211,603.66
Stocks
EUR 659,495.48
Accounts receivable EUR 277,749.84
Liquid means
EUR 274,358.34
Remaining other assets
EUR 19,414.89
Accruals (assets)
EUR 19,414.89
LIABILITIES EUR 1,398,094.15
Shareholders' equity
EUR 234,445.84
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Reserves
EUR 150,000.00
Capital reserves
EUR 150,000.00
Balance sheet profit/loss (+/-)
EUR 59,445.84
Profit / loss brought forward
EUR -27,731.93
Annual surplus / annual deficit
EUR 87,177.77
Provisions
EUR 64,361.93
Liabilities
EUR 1,099,286.38
Type
of balance
sheet:
Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 1,274,674.16
Fixed assets
EUR 110,952.60
Intangible assets
EUR 10,386.00
Tangible assets
EUR 100,566.60
Current assets
EUR 1,157,103.79
Stocks
EUR 684,995.48
Accounts receivable EUR 275,057.17
Liquid means
EUR 197,051.14
Remaining other assets
EUR 6,617.77
Accruals (assets)
EUR 6,617.77
LIABILITIES EUR 1,274,674.16
Shareholders' equity
EUR 116,424.89
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Reserves
EUR 150,000.00
Capital reserves
EUR 150,000.00
Balance sheet profit/loss (+/-)
EUR -58,575.11
Profit / loss brought forward
EUR -154,322.15
Annual surplus / annual deficit
EUR 95,747.04
Provisions
EUR 81,602.84
Liabilities
EUR 1,076,646.43
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.18 |
|
|
1 |
Rs.98.30 |
|
Euro |
1 |
Rs.72.25 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
|
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
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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.