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Report No. : |
338399 |
|
Report Date : |
03.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
STRICKER GMBH & CO. KG |
|
|
|
|
Registered Office : |
An der Kleimannbrücke 4, D 48157 Münster |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
01.11.1932 |
|
|
|
|
Com. Reg. No.: |
HRA 524 |
|
|
|
|
Legal Form : |
Ltd partnership with priv. ltd. company as general partner |
|
|
|
|
Line of Business : |
·
Other
non-ferrous metal production ·
Manufacture
of other fabricated metal products n.e.c. ·
Repair
of machinery ·
Wholes
of metal and plastic goods for construction purposes |
|
|
|
|
No. of Employees : |
129 |
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 |
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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
|
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 |
STRICKER
GMBH & CO. KG
Company Status: active
An der Kleimannbrücke 4
D 48157 Münster
Telephone:0251/32880
Telefax: 0251/3288129
Homepage: www.stricker.ms
E-mail: w.stricker@stricker.ms
DE126050968
Business relations are permissible.
LEGAL FORM Ltd
partnership with priv. ltd. company as general partner
Date of foundation: 01.11.1932
Begin of business
activities: 01.11.1932
Registered on: 02.01.1948
Register of
companies: Local
court 48149 Münster
under:
HRA 524
EUR 600,000.00
Limited partner:
Joachim Stricker
Dachsleite 57
D 48157 Münster
born: 18.07.1946
Share: EUR 360,000.00
Limited partner:
Wolfgang Stricker
Reinerskamp 47
D 48157 Münster
born: 08.08.1974
Share: EUR 240,000.00
General partner:
Stricker Beteiligungs-
und
Verwaltungsgesellschaft
mit beschränkter
Haftung
An der Kleimannbrücke 4
D 48157 Münster
Legal form: Private
limited company
Share capital: EUR 26,000.00
Registered on: 02.10.1978
Reg. data: 48149 Münster,
HRB 1291
Shareholder:
Stricker GmbH & Co.
KG
An der Kleimannbrücke 4
D 48157 Münster
Legal form: Ltd
partnership with priv. ltd.
company as general partner
Total cap. EUR 600,000.00
contribution:
Share: EUR 26,000.00
Registered on: 02.01.1948
Reg. data: 48149
Münster, HRA 524
Manager:
Wolfgang Stricker
Reinerskamp 47
D 48157 Münster
having sole power of
representation
born: 08.08.1974
Marital status: married
Main industrial sector
24450
Other non-ferrous metal production
2599
Manufacture of other fabricated metal products n.e.c.
33120
Repair of machinery
46743
Wholes of metal and plastic goods for construction purposes
Branch:
Stricker GmbH & Co.
KG
Im Kleigrund 18
D 26135 Oldenburg
TEL.: 0441/75088
FAX.: 0441/72426
Shareholder:
Stricker Beteiligungs-
und
Verwaltungsgesellschaft
mit beschränkter
Haftung
An der Kleimannbrücke 4
D 48157 Münster
Legal form: Private
limited company
Company Status: active
Share capital: EUR 26,000.00
Share: EUR 26,000.00
Reg. data: 02.10.1978
Local court
48149 Münster
HRB 1291
Shareholder:
BMMS-Gruppe GmbH
An der Kleimannbrücke 4
D 48157 Münster
Legal form: Private
limited company
Company Status: active
Share capital: EUR 30,000.00
Share: EUR
10,000.00
Reg. data: 18.01.2012
Local court
48149 Münster
HRB 13619
Payment experience: cash discount/within agreed terms
Negative information:We have no negative
information at hand.
PMI: No significant / relevant
payment experience
information pertaining to
the company
inquired upon is shown in
the Deutscher
Debitoren Monitor
(DDMonitor).
Balance sheet year: 2013
Type of ownership: Tenant
Address Ammerländer
Heerstr. 246
D 26129 Oldenburg
Type of ownership: proprietor
Share: 100.00
%
Address An
der Kleimannbrücke 4
D 48157 Münster
Type of real estate: office building
Type of ownership: proprietor
Share: 100.00 %
Address Rudolf-Diesel-Str.
12
D 48157 Münster
Type of real estate: works
Size: 5,000.00 sq.m
Residential floor 3,200.00
sq.m
space/ Usable floor
space:
Real Estate of: Stricker
Beteiligungs- und
Verwaltungsgesellschaft mit beschränkter
Haftung
Type of ownership: Tenant
Address An
der Kleimannbrücke 4
D 48157 Münster
Land register documents were not available.
Principal bank
SPARKASSE MÜNSTERLAND OST, 48151 MÜNSTER,
WESTF
Sort. code: 40050150
BIC: WELADED1MST
Further banks
COMMERZBANK, 48136 MÜNSTER, WESTF
Sort. code: 40040028
BIC: COBADEFFXXX
VOLKSBANK MÜNSTER, 48044 MÜNSTER, WESTF
Sort. code: 40160050
BIC:
GENODEM1MSC
MÜNSTERLÄNDISCHE BANK THIE & CO, 48029
MÜNSTER, WESTF
Sort. code: 40030000
BIC: MLBKDE3MXXX
POSTBANK, 44131 DORTMUND
Sort. code: 44010046
BIC: PBNKDEFFXXX
Gross profit or loss:2013 EUR 8,840,099.00
2014 EUR 8,957,000.00
Profit: 2013 EUR -63,555.00
further business figures:
Equipment: EUR 421,382.00
Ac/ts receivable: EUR 711,298.00
Liabilities: EUR 6,184,799.00
Total numbers of vehicles: 23
-
Lorries:
6
- Passenger
cars:
17
Employees:
129
-
thereof permanent staff: 105
-
Part-time employees: 10
-
Trainees:
9
-
Freelancer:
4
-
Temporary workers: 1
Balance
sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 11.16
Liquidity ratio: 0.08
Return on total capital [%]: -0.85
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 10.76
Liquidity ratio: 0.26
Return on total capital [%]: 1.39
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 5.76
Liquidity ratio: 0.22
Return on total capital [%]: -1.44
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 8.49
Liquidity ratio: 0.24
Return on total capital [%]: 0.21
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 7,710,287.77
Fixed
assets EUR 3,635,250.30
Intangible assets
EUR 526,123.00
Concessions, licences, rights
EUR 526,123.00
Tangible assets
EUR 3,076,813.38
Land / similar rights
EUR 2,605,409.00
Plant / machinery
EUR 50,022.00
Other tangible assets / fixtures and
fittings
EUR 421,382.38
Financial assets
EUR 32,313.92
Shares in participations /
subsidiaries and the like
EUR 32,313.92
Shares in related companies
EUR 26,063.92
Shares
in investee companies EUR 6,250.00
Current assets
EUR 4,038,400.24
Stocks
EUR 2,986,963.10
Accounts receivable
EUR 711,297.89
thereof total due from shareholders
EUR 251,109.06
Liquid means
EUR 340,139.25
Remaining other assets
EUR 36,637.23
Accruals (assets)
EUR 36,637.23
LIABILITIES EUR 7,710,287.77
Shareholders' equity
EUR 936,445.26
Capital
EUR 1,000,000.00
Limited partner's capital / capital
of partially liable partner (LP)
EUR 1,000,000.00
Balance sheet profit/loss (+/-)
EUR -63,554.74
Profit / loss brought forward
EUR -63,554.74
Items between shareholders' equity and
debt capital
EUR 26,063.92
Balancing items for capitalised own
shares in cos. acting as general
partners
EUR 26,063.92
Provisions
EUR 562,980.00
Liabilities
EUR 6,184,798.59
thereof total due to shareholders
EUR 146,964.77
Other liabilities
EUR 0.00
Unspecified other liabilities
EUR 0.00
thereof liabilities from tax /
financial authorities
EUR 112,741.00
thereof liabilities from social
security
EUR 96,991.66
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 8,840,099.37
Staff expenses
EUR 5,382,209.42
Wages and salaries
EUR 4,418,134.86
Social security contributions and
expenses for pension plans and
benefits
EUR 964,074.56
Total depreciation
EUR 305,651.22
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 305,651.22
Other operating expenses
EUR 2,808,942.00
Operating result from continuing
operations EUR 343,296.73
Interest result (+/-)
EUR -321,870.21
Interest and similar expenses
EUR 321,870.21
thereof paid to related companies
EUR 2,415.60
Financial result (+/-)
EUR -321,870.21
Result from ordinary operations (+/-)
EUR 21,426.52
Income tax / refund of income tax (+/-)EUR -44,948.00
Other taxes / refund of taxes
EUR -40,033.26
Tax
(+/-) EUR -84,981.26
Annual surplus / annual deficit
EUR -63,554.74
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 9,158,577.35
Fixed assets
EUR 3,755,171.97
Intangible assets
EUR 465,345.67
Concessions, licences, rights
EUR 29,663.00
Advance payments for intang. assets
EUR 435,682.67
Tangible assets
EUR 3,257,512.38
Land / similar rights
EUR 2,719,838.00
Plant / machinery
EUR 60,206.00
Other tangible assets / fixtures and
fittings
EUR 477,468.38
Financial assets
EUR 32,313.92
Shares in participations /
subsidiaries and the like
EUR 32,313.92
Shares in related companies
EUR 26,063.92
Shares in investee companies
EUR 6,250.00
Current assets
EUR 5,366,644.47
Stocks
EUR 3,245,705.44
Accounts receivable
EUR 2,112,101.50
thereof total due from shareholders
EUR 174,014.36
Other debtors and assets
EUR 2,112,101.50
Liquid means EUR 8,837.53
Remaining other assets
EUR 36,760.91
Accruals (assets)
EUR 36,760.91
LIABILITIES EUR 9,158,577.35
Shareholders' equity
EUR 1,000,000.00
Capital
EUR 1,000,000.00
Limited partner's capital / capital
of partially liable partner (LP)
EUR 1,000,000.00
Items
between shareholders' equity and
debt capital
EUR 26,063.92
Balancing items for capitalised own
shares in cos. acting as general
partners
EUR 26,063.92
Provisions
EUR 641,100.00
Liabilities
EUR 7,491,413.43
thereof total due to shareholders
EUR 141,018.50
Other liabilities
EUR 7,491,413.43
Unspecified other liabilities
EUR 7,491,413.43
thereof liabilities from tax /
financial authorities
EUR 197,188.52
thereof liabilities from social
security
EUR 72,602.87
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 9,084,536.58
Staff expenses
EUR 5,395,254.51
Wages and salaries
EUR 4,438,773.24
Social security contributions and
expenses for pension plans and
benefits
EUR 956,481.27
Total depreciation
EUR 290,356.19
Depreciation
on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 290,356.19
Other operating expenses
EUR 2,783,570.43
Operating result from continuing
operations
EUR 615,355.45
Interest result (+/-)
EUR -367,854.40
Interest and similar expenses
EUR 367,854.40
thereof paid to related companies
EUR 2,158.55
Financial result (+/-)
EUR -367,854.40
Result from ordinary operations (+/-)
EUR 247,501.05
Income tax / refund of income tax (+/-)EUR -84,451.05
Other taxes / refund of taxes
EUR -37,835.43
Tax
(+/-)
EUR -122,286.48
Annual surplus / annual
deficit EUR 125,214.57
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.16 |
|
|
1 |
Rs.101.22 |
|
Euro |
1 |
Rs.74.61 |
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
NIT |
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.