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Report No. : |
343419 |
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Report Date : |
07.10.2015 |
IDENTIFICATION DETAILS
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Name : |
SURPLEX GMBH, DÜSSELDORF/D |
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Registered Office : |
C/O: ABT Treuhandgesellschaft AG
Zürichstrasse 27b 8134 Adliswil |
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Country : |
Switzerland |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
2013 |
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Legal Form : |
Branch of foreign
company |
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Line of Business : |
Wholesale of other machinery and equipment |
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No. of Employee : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small company |
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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 – March 31, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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Switzerland |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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 |
SWITZERLAND ECONOMIC OVERVIEW
Switzerland is a peaceful, prosperous, and modern market economy with low unemployment, a highly skilled labor force, and a per capita GDP among the highest in the world. Switzerland's economy benefits from a highly developed service sector, led by financial services, and a manufacturing industry that specializes in high-technology, knowledge-based production. Its economic and political stability, transparent legal system, exceptional infrastructure, efficient capitalMARKETS, and low corporate tax rates also make Switzerland one of the world's most competitive economies.
The Swiss have brought their economic practices largely into conformity with the EU's to enhance their international competitiveness, but someTRADE protectionism remains, particularly for its small agricultural sector. The fate of the Swiss economy is tightly linked to that of its neighbors in the euro zone, which purchases half of Swiss exports. The global financial crisis of 2008 and resulting economic downturn in 2009 stalled demand for Swiss exports and put Switzerland into a recession. During this period, the Swiss National Bank (SNB) implemented a zero-interest rate policy to boost the economy, as well as to prevent appreciation of the franc, and Switzerland's economy began to recover in 2010.
The sovereign debt crises unfolding in neighboring euro-zone countries, however, coupled with ongoing economic instability in Russia and other eastern European economies continue to pose a significant risk to the Swiss economy, driving up demand for the Swiss franc by investors seeking a safe-haven currency. In January 2015, the SNB abandoned the Swiss franc’s peg to the Euro, roiling globalCURRENCY MARKETS and making active SNB intervention a necessary hallmark of present-day Swiss monetary policy. The independent SNB has upheld its zero interest rate policy and conducted major market interventions to prevent further appreciation of the Swiss franc, but parliamentarians have urged it to do more to weaken the currency. The franc's strength has made Swiss exports less competitive and weakened the country's growth outlook; GDP growth fell below 2% per year from 2011-14.
In recent years, Switzerland has responded to increasing pressure from neighboring countries andTRADING partners to reform its banking secrecy laws, by agreeing to conform to OECD regulations on administrative assistance in tax matters, including tax evasion. The Swiss government has also renegotiated its double taxation agreements with numerous countries, including the US, to incorporate OECD standards, and is openly considering the possibility of imposing taxes on bank deposits held by foreigners.
|
Source
: CIA |
Surplex GmbH, Düsseldorf/D
Operating address:
c/o: ABT Treuhandgesellschaft AG
Zürichstrasse 27b
8134 Adliswil/ZH
Switzerland/CH
Telephone: 044 7119090
Fax: 044 7119099
Web site: http://www.surplex.com
E-mail: info@surplex.com
WIN Worldbox No.: CH0000435607
VAT-No.: CHE-184.726.971 MWST
UID-No.: CHE184726971
Established: 2013
Line of Business: Consumer goods wholesale
Industry Division: Wholesale trade
Industry-code (NACE): 4669 Wholesale
of other machinery and equipment
Banks: unknown
Coverage: Company
Figures: estimated
Financial year: 2015
Employees: 0
The company is one of Europe's leading full-service providers in the
market of used machines and is active worldwide. Core of the business is the sale
of used machinery and equipment for metalworking and woodworking. Mostly sold
off site. Where possible, the customer can still see the machine in the running
production. Used machines that do not stay with the vendor will expertly
dismantled and sold from stock. In this case, prospective buyer have extensive
technical information, videos etc. available. These so-called "Treaty
Sales", which will be find in the marketplace, always offers if individual
machines or smaller quantities to be sold of industrial goods. Are large
quantities of remaining stocks, entire machine parks or complete plants for
sale, industrial auctions are the drug of choice. The company makes all the
tasks before, during and after the auction. These include, for example,
assessing and inventorying through to clearing the workshops and their
well-swept handover.
Real Estate: The company owns no property.
Registration: The company is not recorded in
the Company Register.
Legal form: Branch of foreign company
Legal status: active
WIN: DE0000167413
Name: Surplex GmbH
City/Country: Düsseldorf/Nordrhein-Westfalen,
Germany/DE
Consolidation: unconsolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2013 31.12.2012
Number of months: 12 12
Currency: th.
EUR th. EUR
Statement norm: Local GAAP Local GAAP
BALANCE SHEET
Intangible fixed assets 168.1 75.7
Land and buildings 0.4
Other tangible fixed assets 104.2 109.5
Tangible fixed assets 104.2 109.9
Financial fixed assets 249.2
Fixed
assets 521.5 185.6
Stocks 2,728.3 2,197.3
Trade accounts receivable 685.1 1,098.5
Cash & Cash Equivalents 2,248.7 1,444.9
other trade accounts 97.2 427.6
Accruals 2.5 17.3
Other current assets 2,348.4 1,889.8
Current
assets 5,761.8 5,185.6
Total
assets 6,283.3 5,371.2
Capital 25.0 25.0
Other shareholders funds 2,339.7 1,461.7
Total
shareholders equity 2,364.7 1,486.7
Provisions 2,596.3 1,979.4
Non
current liabilities 2,596.3 1,979.4
short term debt (financial debts) 437.5 524.9
Trade accounts payable 511.1 797.4
other accounts payable 373.7 582.8
other current liabilities 373.7 582.8
Current
liabilities 1,322.3 1,905.1
Shareh.
equity, min. int. & liabilities 6,283.3 5,371.2
PROFIT AND LOSS ACCOUNT
Net sales 6,811.0 4,729.6
Operating
revenue 6,811.0 4,729.6
Gross profit 6,811.0 4,729.6
Other operating expenses 4,783.1 3,539.9
Operating
result 2,027.9 1,189.7
Interest revenues 10.7 4.3
Financial income 10.7 4.3
Interest expenses 19.2 23.7
Financial expenses 19.2 23.7
Financial result -8.5 -19.4
Result
before extraordinary items 2,019.4 1,170.3
Extraordinary income 1.5
Extraordinary Result 0.0 1.5
Result
before taxes 2,019.4 1,171.8
Taxes 641.3 367.9
Result before minority interests 1,378.1 803.9
Result
for the financial year 1,378.1 803.9
CASH FLOW
Depreciation 126.1 115.3
Cash flow 1,504.2 919.2
NOTES
Cost of employees 2,903.2 2,140.0
Added value 5,067.9 3,450.8
Working Capital 2,902.3 2,498.4
Net Current Assets 4,439.5 3,280.5
Gross cost other tangible fixed assets 318.7 257.5
It is believed that the company has no investments.
Balance sheet publication:
The subject company does not publish balance sheet or turnover figures.
Official bankruptcy reports:
No bankruptcy publications available on the subject.
An updated legal action check is only available against proof of
interest. e.g. a copy of an enquiry letter, and order or invoice relating to
the subject company.
The company is not listed in the WorldCompliance database.
Payment experiences from pre-legal collection cases:
No payment experiences from pre-legal collection cases are available.
Payment experiences from collection cases:
No payment experiences from legal collection cases are available.
Mode of payment / Business conduct:
There are no complaints about the mode of payment and the business
conduct.
Note: Start of obligation 01.09.2013
There is no telephone number registered for this company. It would
appear to be a domicile company without apparent activities and personnel at
the address provided. Administration activities are performed by the
representative agent.
Financial Situation: The financial situation is considered to
be in order.
Payment experiences: No Complaints
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.39 |
|
|
1 |
Rs.99.05 |
|
Euro |
1 |
Rs.73.19 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
ANK |
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.