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Report No. : |
323190 |
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Report Date : |
19.05.2015 |
IDENTIFICATION DETAILS
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Name : |
SCHROEDAHL
ARAPP SPEZIAL ARMATUREN GMBH & CO. KG |
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|
|
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Registered Office : |
Schönenbacher
Str. 4, D 51580 Reichshof |
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Country : |
Germany |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
24.11.1962 |
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Com. Reg. No.: |
HRA 4045 |
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Legal Form : |
Ltd
partnership with priv. ltd. company as general partner |
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|
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Line of Business : |
Manufacture of taps and valves n.e.c. |
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No of Employees : |
124 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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|
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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 Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
|
Very High Risk |
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 |
Schroedahl
ARAPP Spezial Armaturen GmbH & Co. KG
Schönenbacher
Str. 4
D 51580
Reichshof
Telephone:02265/99270
Telefax: 02265/9927947
Homepage: www.schroedahl.de
E-mail: info@schroedahl.de
Active
DE122535501
Business relations are permissible.
LEGAL FORM Ltd
partnership with priv. ltd. company as general partner
Date of foundation: 1962
Registered on: 24.11.1962
Register of
companies: Local
court 53721 Siegburg
under: HRA
4045
Total cap. contribution: EUR 490,840.21
Limited partner:
ARAPP Spezialarmaturen
Gesellschaft mit
beschräkter Haftung
Schönenbacher Str. 4
D 51580 Reichshof
Legal form: Private
limited company
Share capital: EUR 1,200,000.00
Share: EUR 337,452.64
Registered on: 05.07.1977
Reg. data: 53721
Siegburg, HRB 7457
Limited partner:
Marc Wilhelm Schroeder
Grotenbachstr. 48d
D 51643 Gummersbach
born: 02.07.1968
Share: EUR 57,520.34
Limited partner:
Rolf Schroeder
Florastr. 5
D 51643 Gummersbach
born: 21.09.1938
Share: EUR 51,129.19
Limited partner:
Klaus Michael Schröder
Epelstr. 31
D 51645 Gummersbach
born: 17.04.1963
Share: EUR 44,738.04
General partner:
Regeltechnik Kornwestheim
GmbH
Max-Planck-Str. 3
D 70806 Kornwestheim
Legal form: Private
limited company
Share capital: EUR 500,000.00
Registered on: 11.12.2002
Reg. data: 70190
Stuttgart, HRB 206565
Shareholder:
Circor German Holdings
GmbH & Co. KG
Max-Planck-Str. 3
D 70806 Kornwestheim
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR 500,000.00
contribution:
Share: EUR 500,000.00
Registered on: 20.03.2002
Reg. data: 70190
Stuttgart, HRA 202877
Manager:
Peter Laube
Fuchsweg 6
D 70806 Kornwestheim
having sole power of
representation
born: 02.01.1962
Manager:
Wayne F. Robbins
USA Simpsonville
having sole power of
representation
born: 11.04.1951
Nationality: USA
Manager:
Erik Wiik
USA Blacksburg
having sole power of
representation
born: 17.12.1963
Nationality: USA
Proxy:
Andreas Pinkepank
D 70806 Kornwestheim
authorized to jointly
represent the company
born: 19.10.1964
Proxy:
Reinhard Gösselkeheld
D 51643 Gummersbach
authorized to jointly
represent the company
06.02.2014 - 28.04.2015 General
partner
Schroedahl Holding GmbH
D 51580 Reichshof
26.01.1994 - 03.02.2014 General
partner
ARAPP Spezialarmaturen
Gesellschaft mit
beschräkter Haftung
D 51580 Reichshof
Main industrial sector
28140 Manufacture
of taps and valves n.e.c.
Branch:
Schroedahl ARAPP Spezial
Armaturen GmbH &
Co. KG
Sebastianstr. 27
D 91058 Erlangen
TEL.: 09131/69071-30
FAX.: 09131/69071-40
Payment experience: could
not be obtained due to structural changes
Negative information: We have no negative information at hand.
Balance sheet year: 2012
Type of ownership: part
owner
Share: 80.00 %
Address Schönenbacher
Str. 4
D 51580 Reichshof
Value at selling price: EUR 2,454,000.00
Real Estate of: Regeltechnik
Kornwestheim GmbH
Type of ownership: proprietor
Share: 100.00 %
Address Max-Planck-Str.
3
D 70806 Kornwestheim
Type of real estate: residential and business
location
Land register documents were not available.
Principal bank
DEUTSCHE BANK, 51602 GUMMERSBACH
Sort. code: 38470091
BIC: DEUTDEDW384
Further banks
COMMERZBANK VORMALS DRESDNER BANK, 51602
GUMMERSBACH
Sort. code: 37080040
BIC: DRESDEFF370
COMMERZBANK, 51643 GUMMERSBACH
Sort. code: 38440016
BIC: COBADEFFXXX
POSTBANK, 51222 KÖLN
Sort. code: 37010050
BIC: PBNKDEFFXXX
Turnover: 2013 *EUR 16,940,000.00
Equipment: EUR 380,785.00
Ac/ts receivable: EUR 3,919,757.00
Liabilities: EUR 5,761,776.00
Employees:
124
- thereof permanent
staff:
117
- Trainees:
3
- Temporary workers: 4
The business figures marked with an asterisk
are estimates based on average values in the line of business.
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 91.52
Liquidity ratio: 10.00
Return on total capital [%]: 12.34
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.
Type of balance sheet: Company
balance sheet
Financial year: 01.01.2012
- 31.12.2012
ASSETS EUR 33,363,007.22
Fixed assets EUR 3,994,905.52
Intangible assets EUR 45,593.00
Tangible assets EUR 3,949,312.52
Land / similar
rights EUR 2,526,015.14
Plant / machinery EUR 1,003,897.00
Other tangible assets /
fixtures and
fittings EUR 380,785.00
Advance payments made /
construction
in progress EUR 38,615.38
Current assets EUR 29,323,023.38
Stocks EUR 4,986,347.00
Accounts receivable EUR 3,919,756.88
Other debtors and
assets EUR 3,919,756.88
Investments in current
assets EUR 848,280.72
Liquid means EUR 19,568,638.78
Remaining other assets EUR 45,078.32
Accruals (assets) EUR 45,078.32
LIABILITIES EUR 33,363,007.22
Shareholders' equity EUR 25,558,811.57
Capital EUR 25,558,811.57
Capital of the fully
liable partner
(LP, general
partnership) EUR 25,405,424.00
Capital contribution of
gen.
partner/accounts of the
pers. liable
shareholder EUR 25,405,424.00
Limited partner's
capital / capital
of partially liable
partner (LP) EUR 153,387.57
Provisions EUR 2,042,420.00
Liabilities EUR 5,761,775.65
Other liabilities EUR 5,761,775.65
Liabilities due to
shareholders EUR 4,976,889.96
Liabililties due to
related companiesEUR 195,057.84
Unspecified other
liabilities EUR 589,827.85
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Gross result (+/-) EUR 18,056,174.34
Staff expenses EUR
6,356,294.24
Wages and salaries EUR 5,393,889.86
Social security
contributions and
expenses for pension
plans and
benefits EUR 962,404.38
Total depreciation EUR 622,418.66
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 622,418.66
Other operating
expenses EUR 5,052,040.26
Operating result from
continuing
operations EUR 6,025,421.18
Interest result (+/-) EUR -596,603.32
Interest and similar
income EUR 344,401.88
Interest and similar
expenses EUR 941,005.20
thereof paid to related
companies EUR 737,923.46
Financial result
(+/-) EUR -596,603.32
Result from ordinary
operations (+/-) EUR 5,428,817.86
Income tax / refund of
income tax (+/-)EUR -1,300,176.00
Other taxes / refund of
taxes EUR -14,558.15
Tax (+/-) EUR -1,314,734.15
Annual surplus / annual
deficit EUR 4,114,083.71
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 63.55 |
|
|
1 |
Rs. 99.86 |
|
Euro |
1 |
Rs. 72.67 |
INFORMATION DETAILS
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Analysis Done by
: |
RSM |
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|
|
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Report Prepared
by : |
DPT |
RATING EXPLANATIONS
|
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 |
|
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.