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MIRA INFORM REPORT
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Report No. : |
501998 |
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Report Date : |
04.04.2018 |
IDENTIFICATION DETAILS
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Name : |
DORNER GMBH |
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Registered Office : |
Karl-Heinz-Beckurts-Str. 7, D 52428
Jülich |
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Country : |
Germany |
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Financials (as on) : |
30.09.2016 |
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Year of Establishment : |
1965 |
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Com. Reg. No.: |
HRB 3535 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
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Manufacture
of lifting and handling equipment ·
Manufacture
of machinery for metallurgy ·
Wholesale
of other machinery |
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No. of Employees : |
33 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Good |
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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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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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 Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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 a large increase in 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 economic 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. The German Government introduced a minimum wage in 2015 that increased to $9.79 (8.84 euros) in January 2017.
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 2017 Germany reached a budget surplus of 0.7%. 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 during 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 largely with renewable energy, which accounted for 29.5% of gross electricity consumption in 2016, 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. Domestic consumption, investment, and exports are likely to drive German GDP growth in 2018, and the country’s budget and trade surpluses are likely to remain high.
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Source
: CIA |
Company
name
DORNER GMBH
Company Status: active
Karl-Heinz-Beckurts-Str.
7
D 52428 Jülich
Telephone:02461/937670
Telefax: 02461/9376730
Homepage: www.geppert-band.de
E-mail: info@geppert-band.de
VAT no.: DE122281651
Tax ID number: 213/5700/3803
CONCLUSION
Business relations are permissible.
Company
Summary
LEGAL FORM Private
limited company
Date of foundation: 1965
Registered on: 08.03.1978
Commercial Register: Local court 52349 Düren
under: HRB
3535
Share capital: EUR
100,000.00
Shareholder:
Dorner Holdings Europe
GmbH
Karl-Heinz-Beckurts-Str.
7
D 52428 Jülich
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 100,000.00
Registered on:
13.09.2016
Reg. data: 52349 Düren,
HRB 7348
Manager:
Carsten Hoeps
D 52428 Jülich
born: 27.07.1965
Profession: graduate
engineer
Marital status: unknown
Manager:
Sven Fitschen
D 01809 Heidenau
having sole power of
representation
born: 10.07.1978
Further functions/participations of Sven
Fitschen (Manager)
Manager:
Dorner Holdings Europe
GmbH
Karl-Heinz-Beckurts-Str.
7
D 52428 Jülich
Legal form: Private limited
company
Share capital: EUR 25,000.00
Registered
on: 13.09.2016
Reg. data: 52349 Düren, HRB 7348
COMPANY
HISTORY
Company name and legal form
12.07.2016 - 15.02.2018 Geppert-Band GmbH
Karl-Heinz-Beckurts-Str. 7
D 52428 Jülich
Private limited
company
03.03.2008 - 12.07.2016 Geppert Band GmbH
Karl-Heinz-Beckurts-Str. 7
D 52428 Jülich
Private limited
company
26.11.2002 - 03.03.2008 Geppert Band GmbH
Niederfeld 4-6
D 52382 Niederzier
Private limited
company
08.03.1978 - 26.11.2002 Geppert Band GmbH
Niederfeld 12
D 52382 Niederzier
Private limited
company
RESIGNED ACTING PERSONS AND SHAREHOLDERS
19.05.2016 - 04.08.2016 Manager
Brian Baumgart
USA Sussex, Wisconsin
15.04.2011 - 17.05.2016 Manager
Dr.jur. Ludwig
Blesinger
Steinhauser Bergstr.
64
D 42389 Wuppertal
25.02.1999 - 17.05.2016 Manager
Thomas Blesinger
D 52428 Jülich
BUSINESS
ACTIVITIES
Main industrial sector
2822
Manufacture of lifting and handling equipment
28910
Manufacture of machinery for metallurgy
46692
Wholesale of other machinery
FINANCIAL
INFORMATION
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2016
REAL
ESTATE
Type of ownership: Tenant
Address Karl-Heinz-Beckurts-Str.
7
D 52428 Jülich
Land register documents were not
available.
BANKERS
DEUTSCHE BANK, 52304 DÜREN
Sort.
code: 39570061
BIC: DEUTDEDK395
COMMERZBANK VORMALS DRESDNER BANK, 52304 DÜREN
Sort. code: 39580041
BIC: DRESDEFF395
STADTSPARKASSE GEVELSBERG, 58265 GEVELSBERG
Sort. code: 45450050
BIC: WELADED1GEV
FINANCIAL FIGURES
Turnover: 2016 EUR 4,042,007.00
2017 *EUR 5,197,500.00
Profit: 2016 EUR 348,421.00
further business figures:
Equipment: *EUR 165,000.00
Ac/ts receivable: EUR 368,098.00
Liabilities: EUR 283,650.00
Employees:
33
The
business figures marked with an asterisk are estimates based on average values in the line of business.
BALANCE SHEETS
Balance sheet ratios 01.01.2016 - 30.09.2016
Equity ratio [%]: 83.52
Liquidity ratio: 10.00
Return on total capital [%]: 10.33
Balance sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]: 58.47
Liquidity ratio: 0.67
Return on total capital [%]: 17.74
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 50.70
Liquidity ratio: 0.30
Return on total capital [%]: 17.22
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 41.03
Liquidity ratio: 0.26
Return on total capital [%]: 11.49
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: 01.01.2016 - 30.09.2016
ASSETS EUR 3,379,866.05
Fixed assets
EUR 1,603,684.64
Intangible assets
EUR 10,728.00
Tangible assets
EUR 1,592,956.64
Current assets
EUR 1,753,590.36
Stocks EUR 788,197.75
Accounts receivable
EUR 368,097.87
Liquid means
EUR 597,294.74
Remaining other assets
EUR 22,591.05
Accruals (assets)
EUR 22,591.05
LIABILITIES EUR 3,379,866.05
Shareholders' equity
EUR 2,823,692.36
Capital
EUR 100,000.00
Subscribed capital (share capital) EUR 100,000.00
Reserves
EUR 452,112.15
Capital reserves
EUR 452,112.15
Balance sheet profit/loss (+/-)
EUR 2,271,580.21
Profit / loss brought forward
EUR 1,923,159.06
Annual surplus / annual deficit
EUR 348,421.15
Provisions
EUR 272,523.70
Liabilities
EUR 283,649.99
Type
of balance
sheet: Company balance sheet
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2015 - 31.12.2015
ASSETS EUR 3,440,169.45
Fixed assets
EUR 1,672,044.00
Intangible assets
EUR 9,404.00
Tangible assets
EUR 1,662,640.00
Current assets EUR 1,732,627.41
Stocks
EUR 730,981.89
Accounts receivable
EUR 533,369.76
Liquid means
EUR 468,275.76
Remaining other assets
EUR 35,498.04
Accruals (assets)
EUR 35,498.04
LIABILITIES EUR 3,440,169.45
Shareholders' equity
EUR 2,023,159.06
Capital EUR 100,000.00
Subscribed capital (share capital)
EUR 100,000.00
Balance sheet profit/loss (+/-)
EUR 1,923,159.06
Profit / loss brought forward
EUR 1,317,926.29
Annual surplus / annual deficit
EUR 605,232.77
Provisions
EUR 183,026.30
Liabilities EUR 1,233,984.09
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.02 |
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1 |
INR 91.46 |
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Euro |
1 |
INR 80.09 |
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EUR |
1 |
INR 79.77 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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VAR |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low risk
of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably on
secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the business
is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.