MIRA INFORM REPORT

 

 

Report No. :

346252

Report Date :

24.10.2015

 

IDENTIFICATION DETAILS

 

Name :

SCHLEIFRING UND APPARATEBAU GMBH

 

 

Registered Office :

Am Hardtanger 10 D 82256 Fürstenfeldbruck Post Box 16 41

 

 

Country :

Germany

 

 

Date of Incorporation :

10.12.1974

 

 

Legal Form :

Private limited company

 

 

Line of Business :
  • Manufacture of other electric equipment n.e.c.

·         Wholesale of electrical household appliances and radio and televisiongoods

 

 

No. of Employees :

Not Available

 

 

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 :

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 – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

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 5.2% 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. The German economy suffers from low levels of investment, and a government plan to invest 15 billion euros 2016-18, largely in infrastructure, is intended to spur needed private investment. 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 accounted for 27.8% of gross electricity consumption in 2014, 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. Extremely low inflation, caused largely by low global energy prices and a weak euro, are expected to boost German GDP growth in 2015.

 

Source : CIA

Company naem and address           

 

Schleifring und Apparatebau GmbH

 

Am Hardtanger 10

D 82256 Fürstenfeldbruck

Post Box:16 41

 

Telephone:08141/403-0

Telefax:  08141/403-45

Homepage: www.schleifring.de

E-mail:   sales@schleifring.de

 

 

Company Status     

 

Active

                     

                    

VAT no.            

 

DE811159634

 

 

Tax ID number      

 

117/138/50014

 

 

CONCLUSION

 

 Business relations are permissible.

 

 LEGAL FORM              Private limited company

 Date of foundation:      10.12.1974

 Shareholders'

 agreement:                   10.12.1974

 Registered on:             24.06.1975

 Commercial Register:   Local court 80333 München

 under:                          HRB 48918

 

 Share capital:                          EUR          3,000,000.00

 

 Shareholder:

                      Wegmann & Co. GmbH

                      Wilhelmshöher Allee 262

                      D 34131 Kassel

                      Legal form: Private limited company

                      Share capital:     EUR          2,800,000.00

                      Share:             EUR          2,700,000.00

                      Registered on: 24.09.1981

                      Reg. data: 34117 Kassel, HRB 3840

 Shareholder:

                      Hans Roth

                      Schulstr. 46

                      D 82166 Gräfelfing

                      born: 31.01.1940

                      Share:             EUR            300,000.00

 Manager:

                      Verena Ilsa Marga Leser

                      Bürgermeister-Müller-Str. 2

                      Malching

                      D 82216 Maisach

                      authorized to jointly represent the company

                      born: 10.08.1958

                      Profession: Businessman

                      Marital status: unknown

 Manager:

                      Dr. Stefan Heun

                      Ferdinand-Maria-Str. 6a

                      D 80639 München

                      born: 03.10.1960

                      Profession: Mechanical engineer

                      Marital status: married

 Manager:

                      Stephan Bode

                      D 82319 Starnberg

                      born: 05.11.1969

 Proxy:

                      Herbert Staffler

                      D 82256 Fürstenfeldbruck

                      authorized to jointly represent the company

                      born: 14.04.1960

                      Profession: graduate engineer

 Proxy:

                      Johann Jilg

                      D 87637 Seeg

                      authorized to jointly represent the company

                      born: 11.10.1956

 Proxy:

                      Wolfgang Roid

                      D 82140 Olching

                      authorized to jointly represent the company

                      born: 08.11.1956

 

 Further functions/participations of Verena Ilsa Marga Leser

 (Manager)

 Limited partner:

                      Gebr. LESER KG

                      Wendenstr. 133-135

                      D 20537 Hamburg

                      Legal form: Limited partnership

                      Total cap.         EUR          1,064,700.00

                      contribution:

                      Share:             EUR            258,300.00

                      Registered

                      on:         12.05.2011

                      Reg. data:  20355 Hamburg, HRA 113107

 Proxy:

                      Gebr. LESER KG

                      Wendenstr. 133-135

                      D 20537 Hamburg

                      Legal form: Limited partnership

                      Total cap.         EUR          1,064,700.00

                      contribution:

                      Registered

                      on:         12.05.2011

                      Reg. data:  20355 Hamburg, HRA 113107

 

 

BUSINESS ACTIVITIES

 

 Main industrial sector

 2790    Manufacture of other electric equipment n.e.c.

4643    Wholesale of electrical household appliances and radio

and televisiongoods

 

 

BRANCHES AND FACTORIES

 

 Branch:

                      Schleifring und Apparatebau GmbH

                      Leonhard-Kluftinger-Str. 1

                      D 87600 Kaufbeuren

                      TEL.: 08341/961160

 

 

FINANCIAL INFORMATION

 

 Payment experience:    within agreed terms

 

 Negative information:   We have no negative information at hand.

REAL ESTATE

 

 Type of ownership:       Tenant

 Address                       Am Hardtanger 10

                                    D 82256 Fürstenfeldbruck

 

 Land register documents were not available.

 

 

BANKERS

 

 Principal bank

 SPARKASSE FÜRSTENFELDBRUCK, 82243 FÜRSTENFELDBRUCK

 Sort. code: 70053070

 BIC: BYLADEM1FFB

 

 Further bank

 COMMERZBANK VORMALS DRESDNER BANK, 82256 FÜRSTENFELDBRUCK

 Sort. code: 70080000

 BIC: DRESDEFF700

 

 

FINANCIAL FIGURES

 

 Financial year:      01.01. - 31.12.

 Share capital:                          EUR          3,000,000.00

 The number of employees is not known.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.64.88

UK Pound

1

Rs.99.89

Euro

1

Rs.72.06

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

TRU

 

               

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.