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Report No. : |
339470 |
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Report Date : |
08.09.2015 |
IDENTIFICATION DETAILS
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Name : |
SCHAAF TECHNOLOGIE GMBH |
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Registered Office : |
Otto-Hahn-Str. 36 D 65520 Bad Camberg |
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Country : |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
28.11.1989 |
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Com. Reg. No.: |
HRB 855 |
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Legal Form : |
Private limited company |
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Line of Business : |
·
Manufacture of other general-purpose machinery ·
Wholesale of
other machinery, equipment and supplies |
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No. of Employee : |
49 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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Germany |
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 |
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.
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Source
: CIA |
SCHAAF TECHNOLOGIE GMBH
Company Status: active
Otto-Hahn-Str. 36
D 65520 Bad Camberg
Telephone:06434/91720
Telefax: 06434/917272
Homepage: www.schaafgmbh.net
E-mail: info@schaafgmbh.com
VAT no.: DE811246961
Business relations are permissible.
LEGAL FORM Private
limited company
Date
of foundation: 28.11.1989
Shareholders'
agreement: 28.11.1989
Registered on: 29.01.1990
Commercial Register: Local court 65549 Limburg
under: HRB
855
Share capital: EUR 255,645.94
Shareholder:
Heinz Josef Schaaf
Quellenweg 19a
D 65520 Bad Camberg
born: 03.11.1955
Share: EUR 115,040.67
Shareholder:
Wilfried Schaaf
Quellenweg 14
D 65520 Bad Camberg
born: 12.04.1960
Share: EUR 115,040.67
Shareholder:
Elisabeth Schaaf
Quellenweg 14
D 65520 Bad Camberg
born: 09.03.1930
née: Papst
Share: EUR 25,564.59
Manager:
Heinz Josef Schaaf
Quellenweg 19a
D 65520 Bad Camberg
born: 03.11.1955
Profession: Businessman
Marital status: married
Manager:
Wilfried Schaaf
Quellenweg 14
D 65520 Bad Camberg
born: 12.04.1960
Profession: graduate
engineer
Marital status: unknown
Further
functions/participations of Heinz Josef Schaaf (Manager)
General
partner:
Heinz Schaaf O.H.G.
Otto-Hahn-Str. 36
D 65520 Bad Camberg
Legal form: General Partnership
Registered
on: 17.02.1987
Reg. data: 65549 Limburg, HRA 737
Further
functions/participations of Wilfried Schaaf (Manager)
General
partner:
Heinz Schaaf O.H.G.
Otto-Hahn-Str. 36
D 65520 Bad Camberg
Legal form: General
Partnership
Registered
on: 17.02.1987
Reg. data: 65549 Limburg, HRA 737
Main
industrial sector
28290
Manufacture of other general-purpose machinery
4669
Wholesale of other machinery,
equipment and supplies
Payment experience: 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: proprietor
Share: 100.00 %
Address Otto-Hahn-Str.
36
D 65520 Bad Camberg
Type of real estate: administrative premises
Type of ownership: proprietor
Share: 100.00 %
Address Quellenweg 19a
D 65520 Bad Camberg
Type of real estate: Residential building
Land register documents were not available.
Principal
banks
DEUTSCHE BANK, 65549 LIMBURG A D LAHN
Sort. code: 51170010
BIC: DEUTDEFF511
VR-BANK MAINZ -ALT-, 55052 MAINZ A RHEIN
Sort. code: 55060417
BIC: GENODE51MZ2
UNICREDIT
BANK - HYPOVEREINSBANK, 60003 FRANKFURT AM MAIN
Sort. code: 50320191
BIC: HYVEDEMM430
Further bank
COMMERZBANK VORMALS DRESDNER BANK, 65012
WIESBADEN
Sort. code: 51080060
BIC: DRESDEFF510
Profit: 2013 EUR 1,501,749.00
Equipment: *EUR 392,000.00
Ac/ts receivable: EUR 1,995,509.00
Liabilities: EUR 2,673,559.00
Employees: 49
-
Temporary workers: 3
The business figures marked with an asterisk
are estimates based on average values in
the line of business.
Balance
sheet ratios 01.01.2013 -
31.12.2013
Equity ratio [%]: 81.61
Liquidity ratio: 10.00
Return on total capital [%]: 8.50
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 82.26
Liquidity ratio: 10.00
Return on total capital [%]: 16.05
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 71.07
Liquidity ratio: 10.00
Return on total capital [%]: 9.51
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 69.24
Liquidity ratio: 10.00
Return on total capital [%]: 12.10
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 17,667,680.85
Fixed assets
EUR 10,989,829.68
Intangible assets
EUR 1,815.00
Tangible assets
EUR 170,246.00
Financial assets EUR 10,817,768.68
Current assets
EUR 6,657,256.17
Accounts receivable
EUR 1,995,508.68
Liquid means
EUR 4,661,747.49
Remaining other assets
EUR 20,595.00
Accruals (assets)
EUR 20,595.00
LIABILITIES EUR 17,667,680.85
Shareholders' equity
EUR 14,418,254.57
Capital
EUR 255,645.94
Subscribed capital (share capital)
EUR 255,645.94
Balance sheet profit/loss (+/-)
EUR 14,162,608.63
Profit / loss brought forward
EUR 12,660,859.45
Annual surplus / annual deficit
EUR 1,501,749.18
Provisions
EUR 676,697.66
Liabilities
EUR 2,673,559.29
Other liabilities
EUR -100,830.67
Remaining other liabilities
EUR -100,830.67
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 15,578,154.28
Fixed assets
EUR 7,533,519.45
Intangible assets
EUR 6,860.00
Tangible assets
EUR 79,349.00
Financial assets
EUR 7,447,310.45
Current assets
EUR 8,044,634.83
Accounts receivable
EUR 1,208,580.94
Liquid means
EUR 6,836,053.89
LIABILITIES EUR
15,578,154.28
Shareholders' equity
EUR 12,815,674.72
Capital
EUR 154,815.27
Subscribed capital (share capital)
EUR 255,645.94
Other capital EUR -100,830.67
Balance sheet profit/loss (+/-)
EUR 12,660,859.45
Profit / loss brought forward
EUR 10,160,338.06
Annual surplus / annual deficit
EUR 2,500,521.39
Provisions EUR 777,076.33
Liabilities
EUR 1,985,403.23
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.74 |
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|
1 |
Rs.101.36 |
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Euro |
1 |
Rs.74.27 |
INFORMATION DETAILS
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Analysis Done by
: |
TRI |
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Report Prepared
by : |
SDA |
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.