|
Report No. : |
297815.2 |
|
Report Date : |
19.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
FAUDI AVIATION GMBH |
|
|
|
|
Registered Office : |
Scharnhorststr. 7b, D 35260
Stadtallendorf |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
1999 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
·
Manufacture of other general-purpose
machinery ·
Wholesale of other machinery ·
Engineering activities in the field of
technical sectoral planning andengineering design |
|
|
|
|
No. of Employees : |
53 |
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, 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 |
FAUDI AVIATION GMBH
Company Status: active
Scharnhorststr. 7b
D 35260 Stadtallendorf
Telephone:06428/4465229
Telefax: 06428/4465231
Homepage:
www.faudi-aviation.de
E-mail: contact@faudi-aviation.com
VAT
no.: DE265479636
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 1999
Begin of business
activities: 1999
Registered on: 29.06.2009
Commercial Register: Local court 35037 Marburg
under: HRB 5547
Share capital: EUR 500,000.00
We
have at present no current list of shareholders / limited
partners respectively at our disposal.
Shareholder:
Marcus Wildschütz
Gohrerberg 8l
D 41469 Neuss
born: 27.10.1964
Share: EUR 300,000.00
Shareholder:
Wildschütz GmbH
Gohrerberg 8l
D 41469 Neuss
Legal form: Private limited
company
Share capital: EUR 25,000.00
Share: EUR 100,000.00
Registered on: 02.12.2004
Reg. data: 41460 Neuss,
HRB 13190
Manager:
Konrad Willi Bisser
D 78532 Tuttlingen
having sole power of
representation
born: 04.04.1953
Manager:
Marcus Wildschütz
Gohrerberg 8l
D 41469 Neuss
having sole power of
representation
born: 27.10.1964
Manager:
Matthias Aden
D 64668 Rimbach
authorized to jointly
represent the company
born: 07.05.1960
Further functions/participations of Konrad
Willi Bisser (Manager)
Manager:
Wieser
Beteiligungsgesellschaft mbH
Bahnhofstr. 14
D 78570 Mühlheim
Legal form: Private
limited company
dissolved by
official decree
Share capital: EUR 50,000.00
Registered
on: 01.02.2001
Reg. data: 70190 Stuttgart, HRB 451132
Proxy:
Forscher Magnetsysteme
GmbH
Charlottenstr. 15
D 78549 Spaichingen
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 08.07.1986
Reg. data: 70190 Stuttgart, HRB 460303
Further functions/participations of Marcus
Wildschütz (Manager)
Shareholder:
Wildschütz GmbH
Gohrerberg 8l
D 41469 Neuss
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 24,500.00
Registered
on: 02.12.2004
Reg. data: 41460 Neuss, HRB 13190
Manager:
Wildschütz GmbH
Gohrerberg 8l
D 41469 Neuss
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 02.12.2004
Reg. data: 41460 Neuss, HRB 13190
Manager:
FAUDI Aviation Immobilien
GmbH
Scharnhorststr. 7b
D 35260
Stadtallendorf
Legal form: Private
limited company
Share capital: EUR 500,000.00
Registered
on: 13.10.2010
Reg. data: 35037 Marburg, HRB 5783
Manager:
Weinsberger Behälterbau
GmbH
Abtsäckerstr. 19
D 74189 Weinsberg
Legal form: Private
limited company
insolvent
Share capital: EUR 25,000.00
Registered
on: 13.01.2012
Reg. data: 70190 Stuttgart, HRB 739963
1999 - 14.07.2005 Faudi Aviation -Fuel Filtration - GmbH
Scharnhorststr. 7
D 35260
Stadtallendorf
Private limited
company
14.07.2005 - 29.06.2009 Faudi Aviation GmbH & Co. KG
Scharnhorststr. 7b
D 35260
Stadtallendorf
Ltd partnership with
priv. ltd. company
as general partner
Main industrial sector
28290
Manufacture of other general-purpose machinery
46692
Wholesale of other machinery
71122
Engineering activities in the field of technical sectoral planning
andengineering design
Shareholder:
Weinsberger Behälterbau
GmbH
Abtsäckerstr. 19
D 74189 Weinsberg
Legal form: Private
limited company
Company Status: insolvent
since: 17.05.2013
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 13.01.2012
Local court
70190 Stuttgart
HRB 739963
Payment experience: within periods customary in this trade
Negative information:We have no negative
information at hand.
Type of ownership: Tenant
Address Scharnhorststr. 7b
D 35260 Stadtallendorf
Real Estate of: Wildschütz GmbH
Type of ownership: Tenant
Address Gohrerberg 8l
D 41469 Neuss
Land register documents were not available.
COMMERZBANK, 35002 MARBURG
Sort.
code: 53340024
BIC: COBADEFFXXX
Turnover: 2013 EUR 10,033,984.00
2014 EUR 9,200,000.00
Profit: 2013 EUR 298,357.00
2014 EUR 350,000.00
further business figures:
Equipment: EUR 160,628.00
Ac/ts receivable: EUR 2,280,811.00
Liabilities: EUR 4,265,415.00
Employees:
53
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 21.64
Liquidity ratio: 0.61
Return on total capital [%]: 4.94
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 17.01
Liquidity ratio: 0.52
Return on total capital [%]: -4.97
Balance
sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 6.48
Liquidity ratio: 0.34
Return on total capital [%]: -1.72
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 8.24
Liquidity ratio: 0.26
Return on total capital [%]: 1.05
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 5,932,772.88
Fixed assets
EUR 1,275,728.00
Intangible assets
EUR 74,385.00
Concessions, licences, rights
EUR 74,385.00
Tangible assets
EUR 1,201,343.00
Land / similar rights
EUR 811,978.00
Plant / machinery
EUR 228,737.00
Other tangible assets / fixtures and
fittings
EUR 160,628.00
Current assets
EUR 4,637,983.88
Stocks EUR 2,036,495.95
Raw materials, consumables and
supplies
EUR 1,634,525.31
Finished goods / work in progress
EUR 483,534.09
Minus received advance payments for
orders / installments for stocks EUR -81,563.45
Accounts receivable
EUR 2,280,811.06
Trade debtors
EUR 2,000,914.08
Other debtors and assets
EUR 279,896.98
Liquid means
EUR 320,676.87
Remaining other assets
EUR 19,061.00
Accruals (assets)
EUR 19,061.00
LIABILITIES EUR 5,932,772.88
Shareholders' equity
EUR 1,051,427.95
Capital
EUR 197,466.82
Subscribed capital (share capital)
EUR 197,466.82
Balance sheet profit/loss (+/-)
EUR 853,961.13
Profit / loss brought forward
EUR 555,604.15
Annual surplus / annual deficit
EUR 298,356.98
Provisions
EUR 615,930.00
Pension provisions and comparable
provisions
EUR 296,451.00
Provisions for taxes
EUR 94,353.00
Other / unspecified provisions
EUR 225,126.00
Liabilities
EUR 4,265,414.93
Financial debts
EUR 1,831,009.20
Liabilities due to banks
EUR 1,831,009.20
Other liabilities
EUR 2,434,405.73
Trade creditors (for IAS incl. bills
of exchange)
EUR 1,042,003.40
Unspecified other liabilities
EUR 1,392,402.33
thereof liabilities from tax /
financial authorities
EUR 38,216.64
thereof liabilities from social
security
EUR 358.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 10,033,983.90
Inventory change + own costs (+/-)
EUR 38,950.81
Inventory change (+/-)
EUR 38,950.81
Other operating income
EUR 157,273.79
Cost of materials
EUR 4,858,387.25
Raw materials and supplies, purchased
goods
EUR 4,744,966.70
Purchased services
EUR 113,420.55
Gross result (+/-)
EUR 5,371,821.25
Staff expenses EUR 2,933,883.19
Wages and salaries
EUR 2,478,212.96
Social security contributions and
expenses for pension plans and
benefits
EUR 455,670.23
Total depreciation
EUR 147,487.82
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 146,497.11
Depreciation on current assets (+/-)
EUR 990.71
Other operating expenses
EUR 1,719,760.71
Operating result from continuing
operations
EUR 570,689.53
Interest result (+/-)
EUR -178,640.06
Interest and similar income
EUR 41,076.33
Interest and similar expenses
EUR 219,716.39
Financial result (+/-)
EUR -178,640.06
Result from ordinary operations (+/-)
EUR 392,049.47
Extraordinary income
EUR 13,094.26
Extraordinary expenses
EUR 7,000.00
Extraordinary result (+/-)
EUR 6,094.26
Income tax / refund of income tax (+/-)EUR -94,030.75
Other taxes / refund of taxes
EUR -5,756.00
Tax
(+/-)
EUR -99,786.75
Annual surplus / annual deficit
EUR 298,356.98
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 4,635,061.57
Fixed assets
EUR 943,287.00
Intangible assets
EUR 92,720.00
Tangible assets
EUR 278,565.00
Financial assets
EUR 572,002.00
Loans to shareholders
EUR 572,000.00
Other / unspecified financial assets EUR 2.00
Current assets
EUR 3,669,654.57
Stocks
EUR 1,955,074.58
Accounts receivable
EUR 1,467,676.30
Liquid means
EUR 246,903.69
Remaining other assets
EUR 22,120.00
Accruals (assets)
EUR 22,120.00
LIABILITIES EUR 4,635,061.57
Shareholders' equity
EUR 585,573.22
Capital
EUR 400,000.00
Subscribed capital (share capital)
EUR 400,000.00
Balance sheet profit/loss (+/-) EUR 185,573.22
Profit / loss brought forward
EUR 413,822.99
Annual surplus / annual deficit
EUR -228,249.77
Provisions
EUR 727,522.00
Liabilities EUR 3,321,966.35
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.67 |
|
|
1 |
Rs.92.46 |
|
Euro |
1 |
Rs.66.38 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.