MIRA INFORM REPORT

 

 

Report No. :

321021

Report Date :

12.05.2015

 

IDENTIFICATION DETAILS

 

Name :

GALLUS STANZ- UND DRUCKMASCHINEN GMBH

 

 

Registered Office :

Am Forst 17, D 92637 Weiden

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

10.08.1993

 

 

Com. Reg. No.:

HRB 1327

 

 

Legal Form :

Private limited company

 

 

Line of Business :

Manufacture of other general-purpose machinery

 

 

No. of Employees :

155

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but correct

 

 

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

 

Company name and address

 

GALLUS STANZ- UND DRUCKMASCHINEN GMBH

 

Am Forst 17

D 92637 Weiden

Telephone:0961/3939-3

Telefax:  0961/3939-400

Homepage: www.gallus-group.com

E-mail:   info@gallus-group.com

 

 

Company Status

 

 Active

 

 

VAT no.       

 

DE811510238

 

 

CONCLUSION

 

 Business relations are permissible.

 

 

Summary

 

 LEGAL FORM               Private limited company

 Date of foundation:      10.08.1993

 Shareholders'

 agreement:                   10.08.1993

 Registered on:             18.08.1993

 Commercial Register:   Local court 92637 Weiden

 under:                          HRB 1327

 

 Share capital:                EUR          1,826,450.00

 

 Shareholder:

                      Gallus Ferdinand Rüesch AG

                      Harzbüchelstr. 34

                      CH 9016 St. Gallen

                      Legal form: Other legal form

                      Share:             EUR          1,826,450.00

 Manager:

                      Matthias Boog

                      D 70173 Stuttgart

                      born: 12.02.1958

 Proxy:

                      Hans Münch

                      D 92708 Mantel

                      authorized to jointly represent the company

                      born: 31.05.1951

 Proxy:

                      Helmut Ruf

                      D 76707 Hambrücken

                      authorized to jointly represent the company

                      born: 22.03.1958

 Proxy:

                      Mario Wild

                      D 92648 Vohenstrauß

                      authorized to jointly represent the company

                      born: 26.07.1973

 Proxy:

                      Joachim Wünsch

                      CZ  Velka Bites

                      authorized to jointly represent the company

                      born: 04.09.1968

                      Nationality: Czech

 

 

 COMPANY HISTORY

 

 10.08.1993 - 23.01.2002  BHS Druck- und Veredelungstechnik GmbH

                          Hüttenwerk 1

                          D 92729 Weiherhammer

                          Private limited company

 23.01.2002 - 11.02.2008  BHS Druck- und Veredelungstechnik GmbH

                          Am Forst 17

                          D 92637 Weiden

                          Private limited company

 

 

 BUSINESS ACTIVITIES

 

 Main industrial sector

 28290   Manufacture of other general-purpose machinery

 

PARTICIPATIONS

 

 Shareholder:

                      Menschick Trockensysteme GmbH

                      Benzstr. 56

                      D 71272 Renningen

                      Post Box:

                      12 44

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             51,129.19

                      Share:               EUR             51,129.19

                      Reg. data:  17.03.1997

                                  Local court 70190 Stuttgart

                                  HRB 252466

 

 

 FINANCIAL INFORMATION

 

 Payment experience:  Slow but correct

 

 Negative information:We have no negative information at hand.

 

 Balance sheet year:  2013

 

 

 REAL ESTATE

 

 Type of ownership:       proprietor

 Share:                          100.00 %

 Address                       Am Forst 17

                                    D 92637 Weiden

 

 Land register documents were not available.

 

 

BANKERS

 

 DEUTSCHE BANK, 92603 WEIDEN I.D.OPF.

 Sort. code: 76070012

 BIC: DEUTDEMM760

 VOLKSBANK NORDOBERPFALZ, 92616 WEIDEN I.D.OPF.

 Sort. code: 75390000

 BIC: GENODEF1WEV

 UNICREDIT BANK - HYPOVEREINSBANK, 92612 WEIDEN I.D.OPF.

 Sort. code: 75320075

 BIC: HYVEDEMM454

 

 

FINANCIAL FIGURES

 

 Turnover:            2013               EUR         25,093,563.00

 Profit:              2013               EUR         -3,667,924.00

 Equipment:                              EUR            302,798.00

 Ac/ts receivable:                       EUR          6,234,810.00

 Liabilities:                            EUR         15,584,704.00

 Employees:                                                    155

 - Trainees:                                                    33

 - Temporary workers:                                           10

 

 

BALANCE SHEETS

 

 Balance sheet ratios                                                     01.01.2013 - 31.12.2013

 Equity ratio [%]:                                                                       4.91

 Liquidity ratio:                                                                          0.41

 Return on total capital [%]:                                                        -18.50

 

 Balance sheet ratios                                                     01.01.2012 - 31.12.2012

 Equity ratio [%]:                                                                       26.98

 Liquidity ratio:                                                                          0.56

 Return on total capital [%]:                                                        -58.04

 

 Balance sheet ratios                                                     01.01.2011 - 31.12.2011

 Equity ratio [%]:                                                                       20.76

 Liquidity ratio:                                                                           0.51

 Return on total capital [%]:                                                         9.28

 

 Balance sheet ratios                                                     01.01.2010 - 31.12.2010

 Equity ratio [%]:                                                                       14.71

 Liquidity ratio:                                                                          0.41

 Return on total capital [%]:                                                        -23.44

 

 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         19,823,108.32

  Fixed assets                           EUR          2,331,024.03

   Intangible assets                     EUR             48,550.19

    Concessions, licences, rights        EUR             48,550.19

   Tangible assets                       EUR          2,190,102.49

    Land / similar rights                EUR          1,446,712.60

    Plant / machinery                    EUR            440,592.05

    Other tangible assets / fixtures and

    fittings                             EUR            302,797.84

   Financial assets                      EUR             92,371.35

    Shares in participations /

    subsidiaries and the like            EUR             92,371.35

     Shares in related companies         EUR             92,371.35

  Current assets                         EUR         17,478,242.74

   Stocks                                EUR         11,014,788.39

    Raw materials, consumables and

    supplies                             EUR          2,044,454.13

    Finished goods / work in progress    EUR          9,038,734.26

    Minus received advance payments for

    orders / installments for stocks     EUR            -68,400.00

   Accounts receivable                   EUR          6,234,810.31

    Trade debtors                        EUR          5,255,202.50

    Amounts due from related companies   EUR            865,649.77

    Other debtors and assets             EUR            113,958.04

   Liquid means                          EUR            228,644.04

  Remaining other assets                 EUR             13,841.55

   Accruals (assets)                     EUR             13,841.55

 

 LIABILITIES                             EUR         19,823,108.32

  Shareholders' equity                   EUR            943,028.88

   Capital                               EUR          1,826,450.00

    Subscribed capital (share capital)   EUR          1,826,450.00

   Reserves                              EUR         25,001,025.00

    Capital reserves                     EUR         25,001,025.00

   Balance sheet profit/loss (+/-)       EUR        -25,884,446.12

    Profit / loss brought forward        EUR        -22,216,522.47

    Annual surplus / annual deficit      EUR         -3,667,923.65

  Provisions                             EUR          3,261,479.36

   Other / unspecified provisions        EUR          3,261,479.36

  Liabilities                            EUR         15,584,703.60

   Other liabilities                     EUR         15,584,703.60

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR          1,694,433.76

    Liabililties due to related companiesEUR         13,778,415.23

    Unspecified other liabilities        EUR            111,854.61

     thereof liabilities from tax /

     financial authorities               EUR             44,725.59

     thereof liabilities from social

     security                            EUR             23,647.80

  Other liabilities                      EUR             33,896.48

   Deferrals (liabilities)               EUR             33,896.48

 

 PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.

 Code (HGB)

  Sales                                  EUR         25,093,563.12

  Inventory change + own costs (+/-)     EUR         -7,294,257.74

   Inventory change (+/-)                EUR         -7,294,257.74

  Other operating income                 EUR            910,448.84

  Cost of materials                      EUR          8,682,703.92

   Raw materials and supplies, purchased

   goods                                 EUR          7,825,054.41

   Purchased services                    EUR            857,649.51

  Gross result (+/-)                     EUR         10,027,050.30

  Staff expenses                         EUR          7,950,717.84

   Wages and salaries                    EUR          6,804,883.90

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR          1,145,833.94

  Total depreciation                     EUR            269,187.86

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR            269,187.86

  Other operating expenses               EUR          5,142,801.30

  Operating result from continuing

  operations                             EUR         -3,335,656.70

  Interest result (+/-)                  EUR           -273,531.53

   Interest and similar income           EUR             56,097.47

    thereof from related companies       EUR             55,906.36

   Interest and similar expenses         EUR            329,629.00

    thereof paid to related companies    EUR            288,517.98

  Financial result (+/-)                 EUR           -273,531.53

  Result from ordinary operations (+/-)  EUR         -3,609,188.23

  Income tax / refund of income tax (+/-)EUR            -17,658.60

  Other taxes / refund of taxes          EUR            -41,076.82

  Tax (+/-)                              EUR            -58,735.42

  Annual surplus / annual deficit        EUR         -3,667,923.65

 

 Type of balance

 sheet:                                         Company balance sheet

 

 Financial year:      01.01.2012 - 31.12.2012

 

 ASSETS                                  EUR         17,089,195.97

  Fixed assets                           EUR          2,486,338.93

   Intangible assets                     EUR             47,877.49

    Concessions, licences, rights        EUR             47,877.49

   Tangible assets                       EUR          2,346,090.09

    Land / similar rights                EUR          1,540,726.86

    Plant / machinery                    EUR            454,920.28

    Other tangible assets / fixtures and

    fittings                             EUR            350,442.95

   Financial assets                      EUR             92,371.35

    Shares in participations /

    subsidiaries and the like            EUR             92,371.35

     Shares in related companies         EUR             92,371.35

  Current assets                         EUR         14,599,757.16

   Stocks                                EUR          9,662,544.16

    Raw materials, consumables and

    supplies                             EUR          1,663,874.00

    Finished goods / work in progress    EUR         16,332,992.00

    Advance payments made                EUR            142,599.66

    Minus received advance payments for

    orders / installments for stocks     EUR         -8,476,921.50

   Accounts receivable                   EUR          4,623,178.88

    Trade debtors                        EUR          3,625,700.30

    Amounts due from related companies   EUR            914,952.67

    Other debtors and assets             EUR             82,525.91

   Liquid means                          EUR            314,034.12

  Remaining other assets                 EUR              3,099.88

   Accruals (assets)                     EUR              3,099.88

 

 LIABILITIES                             EUR         17,089,195.97

  Shareholders' equity                   EUR          4,610,952.53

   Capital                               EUR          1,826,450.00

    Subscribed capital (share capital)   EUR          1,826,450.00

   Reserves                              EUR         25,001,025.00

    Capital reserves                     EUR         25,001,025.00

   Balance sheet profit/loss (+/-)       EUR        -22,216,522.47

    Profit / loss brought forward        EUR        -12,298,241.85

    Annual surplus / annual deficit      EUR         -9,918,280.62

  Provisions                             EUR          3,819,194.74

   Provisions for taxes                  EUR            143,181.00

   Other / unspecified provisions        EUR          3,676,013.74

  Liabilities                            EUR          8,623,819.53

   Financial debts                       EUR            405,419.10

    Liabilities due to banks             EUR            405,419.10

   Other liabilities                     EUR          8,218,400.43

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR          1,356,817.43

    Liabililties due to related companiesEUR          6,668,767.22

    Unspecified other liabilities        EUR            192,815.78

     thereof liabilities from tax /

     financial authorities               EUR            140,386.16

     thereof liabilities from social

     security                            EUR             21,266.53

  Other liabilities                      EUR             35,229.17

   Deferrals (liabilities)               EUR             35,229.17

 

 PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.

 Code (HGB)

  Sales                                  EUR         24,415,957.39

  Inventory change + own costs (+/-)     EUR         -6,579,074.00

   Inventory change (+/-)                EUR         -6,741,806.00

   Capitalised own costs                 EUR            162,732.00

  Other operating income                 EUR          1,197,138.92

  Cost of materials                      EUR         11,952,087.08

   Raw materials and supplies, purchased

   goods                                 EUR         11,057,709.03

   Purchased services                    EUR            894,378.05

  Gross result (+/-)                     EUR          7,081,935.23

  Staff expenses                         EUR          8,146,255.83

   Wages and salaries                    EUR          6,856,981.89

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR          1,289,273.94

  Total depreciation                     EUR            327,037.76

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR            327,037.76

  Other operating expenses               EUR          8,016,706.70

  Operating result from continuing

  operations                             EUR         -9,408,065.06

  Interest result (+/-)                  EUR           -551,457.50

   Interest and similar income           EUR             50,353.38

    thereof from related companies       EUR             47,892.22

   Interest and similar expenses         EUR            601,810.88

    thereof paid to related companies    EUR            508,465.93

  Financial result (+/-)                 EUR           -551,457.50

  Result from ordinary operations (+/-)  EUR         -9,959,522.56

  Income tax / refund of income tax (+/-)EUR             76,532.68

  Other taxes / refund of taxes          EUR            -35,290.74

  Tax (+/-)                              EUR             41,241.94

  Annual surplus / annual deficit        EUR         -9,918,280.62

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.85

UK Pound

1

Rs.98.47

Euro

1

Rs.71.51

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

VNT

 

               

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.