MIRA INFORM REPORT

 

 

Report No. :

340681

Report Date :

19.09.2015

 

IDENTIFICATION DETAILS

 

Name :

RODERS GMBH

 

 

Registered Office :

Scheibenstr. 6 D 29614 Soltau

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

2000

 

 

Legal Form :

Private limited company

 

 

Line of Business :
  • Manufacture of tools
  • Manufacture of other general-purpose machinery
  • Manufacture of metal forming machinery
  • Other manufacturing n.e.c.

 

 

No. of Employees :

296

 

 

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

 

 

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 name and address

 

Röders GmbH

 

Scheibenstr. 6

D 29614 Soltau

Telephone:05191/603-43

Telefax:  05191/603-38

Homepage: www.roeders.de

E-mail:   info@roeders.de

 

 

Company Status    

 

Active

 

 

VAT no.

        

DE813136641

 

 

CONCLUSION

 

 Business relations are permissible.

 

 

Company summery

 

 LEGAL FORM              Private limited company

 Date of foundation:      2000

 Shareholders'

 agreement:                   13.12.2000

 Registered on:             12.04.2001

 Commercial Register:   Local court 21335 Lüneburg

 under:                          HRB 101247

 

 Share capital:                          EUR          3,100,000.00

 

 Shareholder:

                      Jürgen Röders

                      Scheibenstr. 7

                      D 29614 Soltau

                      born: 07.01.1964

                      Share:             EUR          2,170,000.00

 Shareholder:

                      Hinrich Röders

                      Scheibenstr. 3 a

                      D 29614 Soltau

                      born: 06.07.1931

                      Share:             EUR            868,000.00

 Shareholder:

                      Jasper-Andreas Röders

                      Lerchenstr. 9

                      D 29614 Soltau

                      born: 02.04.1960

                      Share:             EUR             62,000.00

 Manager:

                      Jürgen Röders

                      Scheibenstr. 7

                      D 29614 Soltau

                      having sole power of representation

                      born: 07.01.1964

                      Profession: graduate engineer

                      Marital status: married

 Proxy:

                      Hinrich Röders

                      Scheibenstr. 3 a

                      D 29614 Soltau

                      having sole power of representation

                      born: 06.07.1931

                      Profession: graduate engineer

                      Marital status: married

 

 Further functions/participations of Jürgen Röders (Manager)

 Limited partner:

                      Albrecht Röders GmbH & Co. KG Soltauer

                      Zinngießerei

                      Scheibenstr. 6

                      D 29614 Soltau

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Total cap.         EUR          1,789,521.58

                      contribution:

                      Share:             EUR          1,700,045.50

                      Registered

                      on:         30.08.1978

                      Reg. data:  21335 Lüneburg, HRA 100639

 Limited partner:

                      G. A. Röders GmbH & Co. KG

                      Unter den Linden 6-8

                      D 29614 Soltau

                      Post Box:

                      14 52, D 29604 Soltau

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Total cap.         EUR          2,556,479.31

                      contribution:

                      Share:             EUR             51,129.19

                      Registered

                      on:         12.06.1951

                      Reg. data:  21335 Lüneburg, HRA 100669

 Limited partner:

                      P&L GmbH & Co. KG

                      Scheibenstr. 6

                      D 29614 Soltau

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Total cap.         EUR             20,000.00

                      contribution:

                      Share:             EUR             20,000.00

                      Registered

                      on:         18.01.2012

                      Reg. data:  21335 Lüneburg, HRA 201521

 Shareholder:

                      Röders-Verwaltung Gesellschaft mit

                      beschränkter Haftung

                      Scheibenstr. 6

                      D 29614 Soltau

                      Legal form: Private limited company

                      Share capital:     EUR             26,000.00

                      Share:             EUR             15,338.76

                      Registered

                      on:         23.11.1965

                      Reg. data:  21335 Lüneburg, HRB 101254

 Shareholder:

                      P&L Verwaltungs GmbH

                      Scheibenstr. 6

                      D 29614 Soltau

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Share:             EUR             25,000.00

                      Registered

                      on:         10.01.2012

                      Reg. data:  21335 Lüneburg, HRB 203537

 Manager:

                      Röders Geschäftsführungs GmbH

                      Scheibenstr. 6

                      D 29614 Soltau

                      Legal form: Private limited company

                      Share capital:     EUR             25,564.59

                      Registered

                      on:         09.04.2002

                      Reg. data:  21335 Lüneburg, HRB 101298

 Manager:

                      P&L Verwaltungs GmbH

                      Scheibenstr. 6

                      D 29614 Soltau

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         10.01.2012

                      Reg. data:  21335 Lüneburg, HRB 203537

 Proxy:

                      Albrecht Röders GmbH & Co. KG Soltauer

                      Zinngießerei

                      Scheibenstr. 6

                      D 29614 Soltau

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Total cap.         EUR          1,789,521.58

                      contribution:

                      Registered

                      on:         30.08.1978

                      Reg. data:  21335 Lüneburg, HRA 100639

 

 

 COMPANY HISTORY

 

 13.12.2000 - 27.02.2001            Röders GmbH

                                                D 30159 Hannover

                                                Private limited company

 

 

 BUSINESS ACTIVITIES

 

 Sectors

 2573    Manufacture of tools

28290   Manufacture of other general-purpose machinery

2841    Manufacture of metal forming machinery

32990   Other manufacturing n.e.c.

 

 

FINANCIAL INFORMATION

 

 Payment experience:  within agreed terms

 

 Negative information:We have no negative information at hand.

 

 Balance sheet year:  2013

 

 

 

REAL ESTATE

 

 Type of ownership:       Tenant

 Address                       Scheibenstr. 6

                                    D 29614 Soltau

 

 Land register documents were not available.

 

 

 BANKERS

 

 Principal bank

 KREISSPARKASSE SOLTAU, 29603 SOLTAU

 Sort. code: 25851660, Account no.: 141010

 BIC: NOLADE21SOL, IBAN: DE70258516600000141010

 

 Further banks

 JOH. BERENBERG, GOSSLER & CO, 20354 HAMBURG

 Sort. code: 20120000

 BIC: BEGODEHHXXX

 MKB MITTELSTANDSKREDITBANK, 22547 HAMBURG

 Sort. code: 20190800

 BIC: GENODEF1MKB

 

 

 FINANCIAL FIGURES

 

 Turnover:            2013               EUR         61,929,557.00

                      2014               EUR         62,000,000.00

 Profit:              2013               EUR            699,330.00

 further business figures:

 Equipment:                             *EUR          2,184,000.00

 Ac/ts receivable:                       EUR          7,565,011.00

 Liabilities:                            EUR          6,083,005.00

 Employees:                                                    296

 - thereof permanent staff:                                    252

 - Trainees:                                                    44

 

 The business figures marked with an asterisk are estimates based

  on average values in the line of business.

 

 

 BALANCE SHEETS

 

 Balance sheet ratios 01.01.2013 - 31.12.2013

 Equity ratio [%]:                                   40.23

 Liquidity ratio:                                       0.32

 Return on total capital [%]:                    3.67

 

 Balance sheet ratios 01.01.2012 - 31.12.2012

 Equity ratio [%]:                                   54.73

 Liquidity ratio:                                       0.94

 Return on total capital [%]:                     -0.95

 

 Balance sheet ratios 01.01.2011 - 31.12.2011

 Equity ratio [%]:                                   54.90

 Liquidity ratio:                                      1.50

 Return on total capital [%]:                    5.86

 

 Balance sheet ratios 01.01.2010 - 31.12.2010

 Equity ratio [%]:                                   57.61

 Liquidity ratio:                                      1.70

 Return on total capital [%]:                     4.78

 

 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:       electronic German Federal Gazette

 

 Financial year:      01.01.2013 - 31.12.2013

 

 ASSETS                                  EUR         25,008,697.80

  Fixed assets                           EUR             50,618.00

   Tangible assets                       EUR             50,618.00

  Current assets                         EUR         24,926,166.80

   Stocks                                EUR         16,780,734.15

    Raw materials, consumables and

    supplies                             EUR         11,686,065.56

    Finished goods / work in progress    EUR          7,889,654.02

    Minus received advance payments for

    orders / installments for stocks     EUR         -2,794,985.43

   Accounts receivable                   EUR          7,565,010.67

    Amounts due from affiliated companiesEUR          5,959,487.92

    Other debtors and assets             EUR          1,605,522.75

   Liquid means                          EUR            580,421.98

  Remaining other assets                 EUR             31,913.00

   Accruals (assets)                     EUR             31,913.00

 

 LIABILITIES                             EUR         25,008,697.80

  Shareholders' equity                   EUR         13,130,081.37

   Capital                               EUR          3,100,000.00

    Subscribed capital (share capital)   EUR          3,100,000.00

   Reserves                              EUR             75,000.00

    Retained earnings / revenue reserves EUR             75,000.00

   Balance sheet profit/loss (+/-)       EUR          9,955,081.37

    Profit / loss brought forward        EUR          9,255,751.69

    Annual surplus / annual deficit      EUR            699,329.68

  Provisions                             EUR          5,795,611.00

   Pension provisions and comparable

   provisions                            EUR            139,582.00

   Provisions for taxes                  EUR             17,579.00

   Other / unspecified provisions        EUR          5,638,450.00

  Liabilities                            EUR          6,083,005.43

   Financial debts                       EUR          1,526,705.59

    Liabilities due to banks             EUR          1,526,705.59

   Other liabilities                     EUR          4,556,299.84

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR          3,108,390.37

    Liabilities due to affiliated

    companies / persons / organs         EUR            492,726.87

    Unspecified other liabilities        EUR            955,182.60

 

 

 PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.

 Code (HGB)

  Sales                                  EUR         61,929,557.38

  Inventory change + own costs (+/-)     EUR            824,144.01

   Inventory change (+/-)                EUR            824,144.01

  Other operating income                 EUR            387,031.81

  Cost of materials                      EUR         30,774,627.06

   Raw materials and supplies, purchased

   goods                                 EUR         29,145,714.25

   Purchased services                    EUR          1,628,912.81

  Gross result (+/-)                     EUR         32,366,106.14

  Staff expenses                         EUR         17,382,215.98

   Wages and salaries                    EUR         14,697,984.28

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR          2,684,231.70

  Total depreciation                     EUR             78,511.00

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR             78,511.00

  Other operating expenses               EUR         13,688,510.58

  Operating result from continuing

  operations                             EUR          1,216,868.58

  Interest result (+/-)                  EUR           -188,319.97

   Interest and similar income           EUR              4,811.55

   Interest and similar expenses         EUR            193,131.52

  Financial result (+/-)                 EUR           -188,319.97

  Result from ordinary operations (+/-)  EUR          1,028,548.61

  Income tax / refund of income tax (+/-)EUR           -308,921.51

  Other taxes / refund of taxes          EUR            -20,297.42

  Tax (+/-)                              EUR           -329,218.93

  Annual surplus / annual deficit        EUR            699,329.68

 

 Type of balance

 sheet:               Company balance sheet

 Origin of the present

 balance sheet:       electronic German Federal Gazette

 

 Financial year:      01.01.2012 - 31.12.2012

 

 ASSETS                                  EUR         22,712,329.89

  Fixed assets                           EUR            146,718.00

   Tangible assets                       EUR            146,718.00

    Other / unspecified tangible assets  EUR            146,718.00

  Current assets                         EUR         22,529,791.89

   Stocks                                EUR         16,825,481.26

    Raw materials, consumables and

    supplies                             EUR         12,308,536.13

    Finished goods / work in progress    EUR          7,065,510.01

    Minus received advance payments for

    orders / installments for stocks     EUR         -2,548,564.88

   Accounts receivable                   EUR          5,563,189.48

    Amounts due from affiliated companiesEUR          4,033,259.44

    Other debtors and assets             EUR          1,529,930.04

   Liquid means                          EUR            141,121.15

  Remaining other assets                 EUR             35,820.00

   Accruals (assets)                     EUR             35,820.00

 

 LIABILITIES                             EUR         22,712,329.89

  Shareholders' equity                   EUR         12,430,751.69

   Capital                               EUR          3,100,000.00

    Subscribed capital (share capital)   EUR          3,100,000.00

   Reserves                              EUR             75,000.00

    Retained earnings / revenue reserves EUR             75,000.00

   Balance sheet profit/loss (+/-)       EUR          9,255,751.69

    Profit / loss brought forward        EUR          9,471,374.73

    Annual surplus / annual deficit      EUR           -215,623.04

  Provisions                             EUR          4,228,818.00

   Pension provisions and comparable

   provisions                            EUR            103,000.00

   Provisions for taxes                  EUR            110,018.00

   Other / unspecified provisions        EUR          4,015,800.00

  Liabilities                            EUR          6,052,760.20

   Financial debts                       EUR          1,320,650.60

    Liabilities due to banks             EUR          1,320,650.60

   Other liabilities                     EUR          4,732,109.60

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR          2,540,569.47

    Liabilities due to affiliated

    companies / persons / organs         EUR          1,256,197.18

    Unspecified other liabilities        EUR            935,342.95

 

 

 PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.

 Code (HGB)

  Sales                                  EUR         49,976,274.59

  Inventory change + own costs (+/-)     EUR            930,747.20

   Inventory change (+/-)                EUR            930,747.20

  Other operating income                 EUR            921,672.49

  Cost of materials                      EUR         25,096,836.44

   Raw materials and supplies, purchased

   goods                                 EUR         23,023,775.97

   Purchased services                    EUR          2,073,060.47

  Gross result (+/-)                     EUR         26,731,857.84

  Staff expenses                         EUR         15,149,703.11

   Wages and salaries                    EUR         12,796,044.80

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR          2,353,658.31

  Total depreciation                     EUR            115,713.93

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR            115,713.93

  Other operating expenses               EUR         11,513,677.03

  Operating result from continuing

  operations                             EUR            -47,236.23

  Interest result (+/-)                  EUR            -94,481.48

   Interest and similar income           EUR             69,460.35

   Interest and similar expenses         EUR            163,941.83

  Financial result (+/-)                 EUR            -94,481.48

  Result from ordinary operations (+/-)  EUR           -141,717.71

  Income tax / refund of income tax (+/-)EUR            -56,963.09

  Other taxes / refund of taxes          EUR            -16,942.24

  Tax (+/-)                              EUR            -73,905.33

  Annual surplus / annual deficit        EUR           -215,623.04

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.93

UK Pound

1

Rs.102.75

Euro

1

Rs.75.13

 

INFORMATION DETAILS

 

Analysis Done by :

TRI

 

 

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.