|
Report No. : |
325909 |
|
Report Date : |
06.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
GERSTEL GMBH & CO. KG |
|
|
|
|
Registered Office : |
Eberhard-Gerstel-Platz 1, D 45473
Mülheim |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
27.04.1995 |
|
|
|
|
Legal Form : |
Ltd partnership with priv. ltd.
company as general partner |
|
|
|
|
Line of Business : |
·
Wholesale of electrical household
appliances and radio and televisiongoods ·
Manufacture of instruments and
appliances for measuring, testing and
navigation
|
|
|
|
|
No. of Employee : |
120 |
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 – 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 |
|
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, 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 |
GERSTEL
GMBH & CO. KG
Company Status: active
Eberhard-Gerstel-Platz 1
D 45473 Mülheim
Telephone:0208/765030
Telefax: 0208/7650333
Homepage: www.gerstel.de
E-mail: gerstel@gerstel.de
VAT
no.: DE194115029
Business relations are permissible.
LEGAL FORM Ltd
partnership with priv. ltd. company as general partner
Date of foundation: 27.04.1995
Registered on: 12.08.1998
Register of
companies: Local
court 47051 Duisburg
under: HRA
8846
Total cap. contribution: EUR
255,645.94
Eberhard G. Gerstel
Gracht 186a
D 45472 Mülheim
born: 31.12.1954
Share: EUR 127,822.97
Limited
partner:
Holger Gerstel
Blötter Weg 83
D 45478 Mülheim
born: 31.05.1960
Share: EUR 127,822.97
Gerstel Geschäftsführungs
GmbH
Aktienstr. 232-234
D 45473 Mülheim
Legal form: Private
limited company
Share capital: EUR 40,903.36
Registered on: 20.10.1997
Reg. data: 47051
Duisburg, HRB 15496
Eberhard G. Gerstel
Gracht 186a
D 45472 Mülheim
born: 31.12.1954
Share: EUR 20,451.68
Shareholder:
Holger Gerstel
Blötter Weg 83
D 45478 Mülheim
born: 31.05.1960
Share: EUR 20,451.68
Eberhard G. Gerstel
Gracht 186a
D 45472 Mülheim
having sole power of
representation
born: 31.12.1954
Profession: Businessman
Marital status: married
Manager:
Holger Gerstel
Blötter Weg 83
D 45478 Mülheim
having sole power of
representation
born: 31.05.1960
Profession: Businessman
Manager:
Ralf Bremer
D 46149 Oberhausen
having sole power of
representation
Profession: Designer
Further functions/participations of Gerstel
Geschäftsführungs
GmbH (General partner)
General partner:
GERSTEL Systemtechnik GmbH & Co. KG
Aktienstr. 232-234
D 45473 Mülheim
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 25,564.60
contribution:
Registered
on: 12.08.1998
Reg. data: 47051 Duisburg, HRA 8845
27.04.1995 - 11.08.1998 Gerstel Leipzig Beteiligungs GmbH & Co.
KG
D 04103 Leipzig
Ltd partnership with
priv. ltd. company
as general partner
12.08.1998 - 18.11.1998 Gerstel Leipzig Beteiligungs GmbH & Co.
KG
Aktienstr. 232-234
D 45473 Mülheim
Ltd partnership with
priv. ltd. company
as general partner
Main
industrial sector
26511
Manufacture of instruments and appliances for measuring, testing and navigation
4643
Wholesale of electrical household appliances and radio and
televisiongoods
7010
Activities of head offices
Branch:
Gerstel GmbH & Co. KG
Greschbachstr. 6a
D 76229 Karlsruhe
TEL.: 0721/9639210
Branch:
Gerstel GmbH & Co. KG
Marburger Str. 3
D 10789 Berlin
TEL.: 030/21909828
FAX.: 030/21909827
Branch:
Gerstel GmbH & Co. KG
Parkallee 117
D 28209 Bremen
TEL.: 0421/3475624
FAX.: 0421/3475642
Branch:
Gerstel GmbH & Co. KG
Stefan-George-Ring 29
D 81929 München
TEL.: 089/93086514
FAX.: 089/93086109
Payment experience: within 30 days
Negative information:We have no negative
information at hand.
Type of ownership: Tenant
Address Eberhard-Gerstel-Platz
1
D 45473 Mülheim
Real Estate of: Gerstel
Geschäftsführungs GmbH
Type of ownership: Tenant
Address Aktienstr.
232-234
D 45473 Mülheim
Land register documents were not available.
SPARKASSE MÜLHEIM AN DER RUHR, 45466 MÜLHEIM
AN DER RUHR
Sort. code: 36250000
BIC: SPMHDE3EXXX
Gross profit or loss:2013 EUR 13,234,212.00
2014 EUR 12,970,000.00
Profit: 2013 EUR 288,990.00
further business figures:
Ac/ts receivable: EUR 4,181,142.00
Liabilities: EUR 8,060,060.00
Employees:
120
Balance
sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 47.28
Liquidity ratio: 1.26
Return on total capital [%]: 2.50
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 51.82
Liquidity ratio: 1.64
Return on total capital [%]: 2.30
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 45.63
Liquidity ratio: 1.16
Return on total capital [%]: 1.65
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 44.90
Liquidity ratio: 1.44
Return on total capital [%]: -3.47
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.
The
balance sheet grade is based on the following ratios: equity
ratio,
liquidity ratio and return on total capital from the
balance sheets published in the Federal
Gazette. It is calculated
in
accordance with the methodology of Euler Hermes. It ranges
from 1.0 (positive) to 5.0 (negative).
Financial year: 01.01.2013 - 31.12.2013
ASSETS EUR 11,636,859.93
Fixed assets
EUR 2,556,623.50
Intangible assets
EUR 134,075.00
Tangible assets
EUR 377,336.50
Financial assets
EUR 2,045,212.00
Other / unspecified financial assets EUR 2,045,212.00
Current assets
EUR 8,491,328.10
Stocks
EUR 3,850,643.20
Accounts receivable
EUR 4,181,141.89
Liquid means
EUR 459,543.01
Remaining other assets EUR 588,908.33
Accruals (assets)
EUR 588,908.33
LIABILITIES EUR 11,636,859.93
Shareholders' equity
EUR 1,265,735.77
Capital EUR 255,645.94
Limited partner's capital / capital
of partially liable partner (LP)
EUR 255,645.94
Reserves
EUR 1,010,089.83
Capital reserves EUR 1,010,089.83
Provisions
EUR 2,311,064.63
Liabilities
EUR 8,060,059.53
thereof total due to shareholders
EUR 4,271,395.65
Other liabilities
EUR 0.00
Unspecified other liabilities
EUR 0.00
thereof liabilities from tax /
financial authorities
EUR 202,619.71
thereof liabilities from social
security
EUR 10,394.97
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 13,234,211.73
Staff expenses
EUR 7,774,074.09
Wages and salaries
EUR 6,665,391.68
Social security contributions and
expenses for pension plans and
benefits
EUR 1,108,682.41
Total depreciation EUR 273,653.97
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 273,653.97
Other operating expenses
EUR 4,453,504.50
Operating result from continuing
operations
EUR 732,979.17
Result from participating interests
(+/-)
EUR 9,958.55
Expenses / income from participations EUR 9,958.55
Income from related companies
EUR 9,958.55
Interest result (+/-)
EUR -197,540.80
Interest and similar income
EUR 921.39
Interest and similar expenses EUR 198,462.19
Financial result (+/-)
EUR -187,582.25
Result from ordinary operations (+/-)
EUR 545,396.92
Income tax / refund of income tax (+/-)EUR -249,856.40
Other taxes / refund of taxes
EUR -6,551.00
Tax
(+/-)
EUR -256,407.40
Annual surplus / annual deficit
EUR 288,989.52
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 9,689,196.44
Fixed assets
EUR 2,444,961.30
Intangible assets
EUR 176,683.00
Tangible assets
EUR 401,485.00
Financial assets
EUR 1,866,793.30
Other / unspecified financial assets EUR 1,866,793.30
Current assets
EUR 6,746,613.97
Stocks EUR 2,993,249.83
Accounts receivable
EUR 3,344,475.05
Liquid means
EUR 408,889.09
Remaining other assets
EUR 497,621.17
Accruals (assets)
EUR 497,621.17
LIABILITIES EUR 9,689,196.44
Shareholders' equity
EUR 1,265,735.77
Capital
EUR 255,645.94
Limited partner's capital / capital
of partially liable partner (LP)
EUR 255,645.94
Reserves
EUR 1,010,089.83
Capital reserves
EUR 1,010,089.83
Provisions EUR 2,180,197.26
Liabilities
EUR 6,243,263.41
thereof total due to shareholders
EUR 3,797,981.57
Other liabilities
EUR 0.00
Unspecified
other liabilities EUR 0.00
thereof liabilities from tax /
financial authorities
EUR 263,248.73
thereof liabilities from social
security
EUR 9,038.48
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 12,936,526.45
Staff expenses
EUR 7,368,328.61
Wages and salaries EUR 6,306,837.11
Social security contributions and
expenses for pension plans and
benefits
EUR 1,061,491.50
Total depreciation
EUR 266,761.58
Depreciation
on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 266,761.58
Other operating expenses
EUR 4,718,760.74
Operating result from continuing
operations
EUR 582,675.52
Result from participating interests
(+/-)
EUR 23,135.03
Expenses / income from participations EUR 23,135.03
Income from related companies
EUR 23,135.03
Interest result (+/-)
EUR -185,515.58
Interest and similar income
EUR 518.96
Interest and similar expenses
EUR 186,034.54
Financial result (+/-)
EUR -162,380.55
Result from ordinary operations (+/-)
EUR 420,294.97
Extraordinary expenses
EUR 40,192.00
Extraordinary result (+/-)
EUR -40,192.00
Income
tax / refund of income tax (+/-)EUR
-190,708.00
Other taxes / refund of taxes
EUR -8,589.00
Tax
(+/-)
EUR -199,297.00
Annual surplus / annual deficit
EUR 180,805.97
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.90 |
|
|
1 |
Rs.97.98 |
|
Euro |
1 |
Rs.71.82 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
ASH |
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.