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Report No. : |
340968 |
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Report Date : |
15.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
SAURER GERMANY GMBH & CO. KG |
|
|
|
|
Registered Office : |
Leverkuser Str. 65 D 42897 Remscheid |
|
|
|
|
Country : |
Germany. |
|
|
|
|
Financials (as on) : |
31.12.2013 |
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|
Date of Incorporation : |
27.11.2012 |
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|
|
|
Legal Form : |
Ltd partnership with priv. ltd. company as general
partner |
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Line of Business : |
·
Manufacture of machinery for textile,
apparel and leather production ·
Wholesale of machinery for the textile
industry and of sewing and knitting machines |
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|
|
No. of Employees : |
1274 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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 – 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 |
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High |
B2 |
|
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.
|
Source
: CIA |
Your
inquiry: Saurer Schlafhorst Zweignieder d.Saurer Germany GMBH & Co. KG, Carlstr.
60, D 52531 Übach-Palenberg The subject of your inquiry is a branch. We are
reporting on the headquarters.
Saurer Germany GmbH & Co. KG
Leverkuser Str. 65
D 42897 Remscheid
Telephone:02451/9051000
Telefax:
02451/9051001
Homepage: www.saurer.com
E-mail:
peter.stahl@saurer.com
Saurer Schlafhorst, Saurer Allma
Active
Business relations
are permissible.
LEGAL FORM Ltd
partnership with priv. ltd. company as general partner
Date of
foundation: 27.11.2012
Registered
on: 21.12.2012
Register of
companies: Local
court 42103 Wuppertal
under: HRA
23613
Total cap.
contribution: EUR 40,000,100.00
Limited partner:
Saurer Netherlands Machinery Company B.V.
NL Amsterdam
Legal form: Other legal form
Share: EUR 40,000,100.00
General partner:
Saurer Germany Management GmbH
Leverkuser Str. 65
D 42897 Remscheid
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered on: 21.12.2012
Reg. data: 42103 Wuppertal, HRB 24688
Shareholder:
Saurer Netherlands Machinery Company B.V.
NL Amsterdam
Legal form: Other legal form
Share: EUR 25,000.00
Manager:
Stephan Ringmayer
D 42579 Heiligenhaus
authorized to jointly represent the company
born: 13.07.1969
Marital status: single
Manager:
Wolfgang Leupers
D 41061 Mönchengladbach
born: 07.04.1951
Profession: graduate engineer
Manager:
Wolfram Helge Flatow
D 47877 Willich
authorized to jointly represent the company
born: 27.05.1955
Profession: Fully qualified
merchant
Manager:
Peter Stahl
D 58507 Lüdenscheid
having sole power of representation
born: 02.04.1967
Profession: Businessman
Manager:
Jörg Spahlinger
D 97723 Oberthulba
born: 11.01.1959
Manager:
Alexander Wenger
Heronger Str. 21
D 41334 Nettetal
authorized to jointly represent the company
born: 19.05.1969
Manager:
Zhengping Zeng
RC Shanghai
born: 25.07.1962
Nationality: Chinese
Marital status: unknown
Proxy:
Patent-Assessor Arndt Georg Hamann
D 41239 Mönchengladbach
authorized to jointly represent the company
born: 08.05.1951
Profession: graduate engineer
Proxy:
Christiane Worms
D 41238 Mönchengladbach
authorized to jointly represent the company
born: 09.04.1960
Profession: Businessman
Proxy:
Jürgen Meyer
D 52062 Aachen
authorized to jointly represent the company
born: 16.09.1960
Proxy:
Gertraud Schellscheidt
D 40212 Düsseldorf
authorized to jointly represent the company
born: 17.01.1963
Marital status: unknown
Proxy:
Stephan Ringmayer
D 42579 Heiligenhaus
authorized to jointly represent the company
born: 13.07.1969
Marital status: single
Proxy:
Wolfgang Leupers
D 41061 Mönchengladbach
authorized to jointly represent the company
born: 07.04.1951
Profession: graduate engineer
Proxy:
Wolfram Helge Flatow
D 47877 Willich
authorized to jointly represent the company
born: 27.05.1955
Profession: Fully qualified merchant
Proxy:
Andreas Gathen
Vorster Str. 11
D 47918 Tönisvorst
authorized to jointly represent the company
born: 13.06.1964
Marital status: married
Proxy:
Gerd Pöhlmann
An der Alten Burg 19
D 47839 Krefeld
authorized to jointly represent the company
born: 11.10.1963
Proxy:
Dr. Martin Paul Folini
CH . Erlenbach
authorized to jointly represent the company
born: 12.08.1958
Nationality: Swiss
Proxy:
Jan Röttgering
D 41844 Wegberg
authorized to jointly represent the company
born: 29.01.1966
Profession: graduate engineer
Proxy:
Hans-Dieter Dyballa
D 52531 Übach-Palenberg
authorized to jointly represent the company
born: 10.01.1955
Proxy:
Ralf Pascher-Roik
Teichstr. 9
D 52074 Aachen
authorized to jointly represent the company
born: 23.04.1959
Proxy:
Ralph Knecht
Goethestr. 17a
D 41061 Mönchengladbach
authorized to jointly represent the company
born: 13.10.1969
Proxy:
Andreas Riedel
D 41836 Hückelhoven
authorized to jointly represent the company
born: 01.04.1964
Proxy:
Bert Schlömer
D 52525 Heinsberg
authorized to jointly represent the company
born: 29.03.1961
Proxy:
Karl-Heinz Sandholzer
Obere Hauptstr. 16
D 87782 Unteregg
authorized to jointly represent the company
born: 12.10.1959 in Ronsberg
Proxy:
Jürgen Meyer
D 52062 Aachen
authorized to jointly represent the company
born: 16.09.1960
Proxy:
Jörg Spahlinger
D 97723 Oberthulba
authorized to jointly represent the
company
born: 11.01.1959
Proxy:
Dirk Schmitz
Blumenstr. 18
D 47918 Tönisvorst
authorized to jointly represent the company
born: 05.07.1972
Proxy:
Peter Mann
D 73095 Albershausen
authorized to jointly represent the company
born: 06.03.1960
Proxy:
Karl-Heinz Mack
D 73235 Weilheim
authorized to jointly represent the company
born: 26.05.1959
Proxy:
Cem Yalcin
TR Istanbul
authorized to jointly represent the company
born: 05.05.1962
Nationality: Turkish
Proxy:
Jürgen Schnitzler
D 41747 Viersen
authorized to jointly represent
the company
born: 31.08.1966
Proxy:
Maximilian Preutenborbeck
D 41061 Mönchengladbach
authorized to jointly represent the company
born: 10.06.1957
Proxy:
Michael Iding
D 47623 Kevelaer
authorized to jointly represent the company
born: 22.07.1961
Proxy:
Alexander Wenger
Heronger Str. 21
D 41334 Nettetal
authorized to jointly represent the company
born: 19.05.1969
Proxy:
Frank Schoenrath
D 44787 Bochum
authorized to jointly represent the company
born: 04.10.1967
Proxy:
Thomas Arter
D 41366 Schwalmtal
authorized to jointly represent the company
born: 29.10.1969
Proxy:
Zhengping Zeng
RC Shanghai
authorized to jointly represent the company
born: 25.07.1962
Nationality: Chinese
Marital status: unknown
Proxy:
Gertraud Schellscheidt
D 40212 Düsseldorf
authorized to jointly represent the company
born: 17.01.1963
Marital status: unknown
Proxy:
Armin Deggendorfer
D 87435 Kempten
authorized to jointly represent the company
born: 21.03.1968
Proxy:
Hans Guggemos
D 87466 Oy-Mittelberg
authorized to jointly represent the company
born: 08.04.1956
21.12.2012 -
11.04.2013 Saurer Germany Machinery GmbH & Co. KG
Leverkuser
Str. 65
D 42897
Remscheid
Ltd
partnership with priv. ltd. company
as general
partner
Main industrial
sector
2829 Manufacture of other general-purpose
machinery n.e.c.
2894 Manufacture
of machinery for textile, apparel and leather
production
4664 Wholesale
of machinery for the textile industry and of
sewing and
knitting machines
70109 Other
activities of head offices
Branch:
Allma Volkmann Zweigniederlassung der Saurer
Germany GmbH & Co. KG
Weeserweg 60
D 47804 Krefeld
TEL.: 02151/717-01
FAX.: 02151/717-474
Reg. entry: 17.07.2013
Branch:
Allma Volkmann Zweigniederlassung der Saurer
Germany GmbH & Co. KG
Leonhardstr. 19
D 87437 Kempten
TEL.: 0831/6880
FAX.: 0831/688320
Reg. entry: 11.07.2013
Branch:
Schlafhorst Zweigniederlassung der Saurer
Germany GmbH & Co. KG
Hans-Zinser-Str. 1-3
D 73061 Ebersbach
TEL.: 07163/140
FAX.: 07163/14250
Reg. entry: 11.07.2013
Branch:
Schlafhorst Zweigniederlassung der Saurer
Germany GmbH & Co. KG
Carlstr. 60
D 52531 Übach-Palenberg
Reg. entry: 11.07.2013
Shareholder:
Saurer Components GmbH
Maria-Merian-Str. 8
D 70736 Fellbach
Legal form: Private limited company
Company Status: active
Share capital: EUR 51,400.00
Share: EUR 51,400.00
Reg. data: 26.01.2007
Local court 70190
Stuttgart
HRB 722008
Payment
experience: within agreed terms
Negative
information:We have no negative information at hand.
Balance sheet
year: 2013
Type of
ownership: Tenant
Address Leverkuser
Str. 65
D 42897 Remscheid
Real Estate
of: Saurer
Germany Management GmbH
Type of
ownership: Tenant
Address Leverkuser
Str. 65
D 42897 Remscheid
Land register
documents were not available.
COMMERZBANK, 41012
MÖNCHENGLADBACH
Sort. code:
31040015
BIC: COBADEFFXXX
DEUTSCHE BANK,
78404 KONSTANZ
Sort. code:
69070032
BIC: DEUTDE6F690
Turnover: 2013 EUR 315,030,569.00
Profit: 2013 EUR 11,066,421.00
Equipment: EUR 12,988,429.00
Ac/ts receivable: EUR 85,412,798.00
Liabilities: EUR 214,897,476.00
Employees:
1,274
BALANCE SHEETS
Balance sheet
ratios 01.01.2013 - 31.12.2013
Equity ratio
[%]: 14.50
Liquidity
ratio: 0.45
Return on total
capital [%]: 3.62
Balance sheet
ratios 27.11.2012 - 31.12.2012
Liquidity
ratio: 1.00
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
Origin of the
present
balance
sheet: self-disclosure
Financial
year: 01.01.2013 - 31.12.2013
ASSETS
EUR 312,763,454.84
Fixed assets EUR 155,994,233.44
Intangible assets EUR 37,982,244.78
Concessions, licences, rights EUR 31,296,110.00
Goodwill EUR 6,686,134.78
Tangible assets EUR 48,897,825.66
Land / similar rights EUR 28,681,708.90
Plant / machinery EUR 2,748,712.00
Other tangible assets / fixtures and
fittings EUR 12,988,428.54
Advance payments made / construction
in progress EUR 4,478,976.22
Financial assets EUR 69,114,163.00
Shares in participations /
subsidiaries and the like EUR 69,114,163.00
Shares in related companies EUR 69,114,163.00
Current assets EUR 156,690,519.65
Stocks EUR 45,547,255.11
Raw materials, consumables and
supplies EUR 50,959,726.66
Finished goods / work in progress EUR
16,500,999.96
Advance payments made EUR 798,854.39
Minus received advance payments for
orders / installments for stocks EUR
-22,712,325.90
Accounts receivable EUR 85,412,798.44
Trade debtors EUR 59,154,423.15
Amounts due from related companies EUR 595,719.42
Other debtors and assets EUR 25,662,655.87
Liquid means EUR 25,730,466.10
Remaining other assets EUR 78,701.75
Accruals (assets) EUR 78,701.75
LIABILITIES EUR 312,763,454.84
Shareholders' equity EUR 51,066,521.25
Capital EUR 40,000,100.00
Limited partner's capital / capital
of partially liable partner (LP) EUR
40,000,100.00
Reserves EUR 11,066,421.25
Provisions EUR 46,173,126.29
Pension provisions and comparable
provisions EUR 14,240,527.43
Provisions for taxes EUR 202,880.65
Other / unspecified provisions EUR 31,729,718.21
Liabilities EUR 214,897,475.54
Other liabilities EUR 214,897,475.54
Trade creditors (for IAS incl. bills
of exchange) EUR 48,068,063.37
Liabililties due to related
companiesEUR 160,547,558.16
Unspecified other liabilities EUR 6,281,854.01
Other liabilities EUR 626,331.76
Deferrals (liabilities) EUR 626,331.76
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 315,030,569.12
Inventory change + own costs (+/-) EUR
-6,571,602.88
Inventory change (+/-) EUR -6,817,474.88
Capitalised own costs EUR 245,872.00
Other operating income EUR 6,462,868.12
Cost of materials EUR 202,120,700.10
Raw materials and supplies, purchased
goods EUR 198,263,232.64
Purchased services EUR 3,857,467.46
Gross result (+/-) EUR 112,801,134.26
Staff expenses EUR 41,032,160.76
Wages and salaries EUR 35,714,730.99
Social security contributions and
expenses for pension plans and
benefits EUR 5,317,429.77
Total depreciation EUR 7,065,177.47
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 7,065,177.47
Other operating expenses EUR 49,282,467.70
Operating result from continuing
operations EUR 15,421,328.33
Interest result (+/-) EUR -1,949,699.81
Interest and similar income EUR
1,037,123.94
Interest and similar expenses EUR 2,986,823.75
Financial result (+/-) EUR -1,949,699.81
Result from ordinary operations (+/-) EUR
13,471,628.52
Income tax / refund of income tax
(+/-)EUR -2,358,063.62
Other taxes / refund of taxes EUR -47,143.65
Tax (+/-) EUR -2,405,207.27
Annual surplus / annual deficit EUR 11,066,421.25
Type of balance
sheet: Company balance sheet
Origin of the present
balance sheet: Other
Financial year: 27.11.2012 - 31.12.2012
ASSETS EUR 100.00
Outstanding capital EUR 100.00
Outstanding contributions EUR 100.00
LIABILITIES EUR 100.00
Shareholders' equity EUR 100.00
Capital EUR 100.00
Limited partner's capital / capital
of partially liable partner (LP) EUR 100.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.37 |
|
UK Pound |
1 |
Rs.102.54 |
|
Euro |
1 |
Rs.75.32 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.