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MIRA
INFORM REPORT
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Report No. : |
502779 |
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Report Date : |
09.04.2018 |
IDENTIFICATION DETAILS
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Name : |
SCHATTDECOR AG |
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Registered Office : |
Walter-Schatt-Allee 1-3, D 83101
Rohrdorf, Post Box: 51 |
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Country : |
Germany |
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Date of Incorporation : |
30.03.1989 |
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Com. Reg. No.: |
HRB 13582 |
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Legal Form : |
Public Limited Company |
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Line of Business : |
· Manufacture of pulp · Other printing · Retail sale of periodicals, newspapers, stationery and office supplies |
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No. of Employees : |
Not Available |
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 : |
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
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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 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 2016 Germany reached a budget surplus of 0.6%. 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, bolstered by low energy prices and a weak
euro, and exports are likely to drive German GDP growth again in 2017.
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Source
: CIA |
Company name & address
SCHATTDECOR
AG
Company Status: active
Walter-Schatt-Allee 1-3
D 83101 Rohrdorf
Post Box:
51
Telephone:08031/2750
Telefax:
08031/275125
Homepage: www.schattdecor.de
E-mail: info@schattdecor.de
VAT
No.: DE813198185
CONCLUSION
Business relations are permissible.
LEGAL FORM Public
Limited Company
Date of foundation: 30.03.1989
Registered on: 27.04.2001
Commercial Register: Local court 83278 Traunstein
under: HRB
13582
Share
capital
EUR
21,250,000.00
President of the Board of Directors:
Roland Auer
D 83115 Neubeuern
authorized to jointly
represent the company
born: 05.10.1968
Member of the Board of Directors:
Kurt Mack
D 83115 Neubeuern
authorized to jointly
represent the company
born: 03.02.1956
Member of the Board of Directors:
Roland Heeger
D 83064 Raubling
authorized to jointly
represent the company
born: 03.05.1962
Member of the Board of Directors:
Dieter Hüttlinger
D 83059 Kolbermoor
authorized to jointly
represent the company
born: 19.11.1959
President of the Supervisory Board:
Reiner Schulz
Am Gereut 30
D 83115 Neubeuern
born: 12.08.1957
Profession: Businessman
Marital status: married
Vice-president of the Supervisory Board:
Anja Schatt-Steiner
D 83115 Neubeuern
born: 09.08.1976
Member of the Supervisory Board:
Sonja Schatt-Fritsch
D 83115 Neubeuern
born: 03.03.1975
née: Schatt
Member of the Supervisory Board:
Dr. Susanne Weiss
Hinterbärenbadstr. 89
D 81373 München
Profession: Solicitor
Member of the Supervisory Board:
Bruno Walt
FL Schaan
Nationality:
Liechtenstein
Marital status: unknown
Member of the Supervisory Board:
Prof. Dr. h. c. Heinrich
Küster
Walderinger Str. 32c
D 83071 Stephanskirchen
Marital status: married
Proxy:
Ulrich Ringelberg
D 83115 Neubeuern
authorized to jointly
represent the company
born: 03.03.1964
Proxy:
Klaus Steinger
D 83134 Prutting
authorized to jointly
represent the company
born: 08.11.1953
Proxy:
Markus Höhn
D 83022 Rosenheim
authorized to jointly
represent the company
born: 02.05.1963
Proxy:
Klaus Müller
D 33142 Büren
authorized to jointly
represent the company
born: 27.03.1969
Proxy:
Werner Reichert
Am Kolberg 16
D 83109 Großkarolinenfeld
authorized to jointly
represent the company
born: 29.12.1961
Proxy:
Claudia Küchen
Saarbrücker Str. 5
D 81379 München
authorized to jointly
represent the company
born: 21.11.1968
Proxy:
Michael Then
D 83022 Rosenheim
authorized to jointly
represent the company
born: 02.04.1966
Proxy:
Claus Neuffer
D 73277 Owen
authorized to jointly
represent the company
born: 09.10.1972
Proxy:
Robert Vuga
D 83043 Bad Aibling
authorized to jointly
represent the company
born: 28.04.1972
Proxy:
Andreas Bruckbauer
D 83122 Samerberg
authorized to jointly
represent the company
born: 30.07.1970
Proxy:
Maciej Piatek
D 83071 Stephanskirchen
authorized to jointly
represent the company
born: 20.01.1980
Further functions/participations of Roland
Auer (President of the
Board of Directors)
Member of the Supervisory Board:
KATHREIN SE
Anton-Kathrein-Str. 1-3
D 83022 Rosenheim
Post Box:
10 04 44, D 83004
Rosenheim
Legal form: European
Company (SE)
Share capital: EUR 256,000.00
Registered
on: 14.12.2015
Reg. data: 83278 Traunstein, HRB 24848
Further functions/participations of Dieter
Hüttlinger (Member of
the
Board of Directors)
Manager:
SASH Immobilien
Verwaltungs GmbH
Walter-Schatt-Allee 1-3
D 83101 Rohrdorf
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 11.03.2016
Reg. data: 83278 Traunstein, HRB 25088
Proxy:
Schatt Holding GmbH
Walter-Schatt-Allee 1-3
D 83101 Rohrdorf
Legal form: Private limited
company
Share capital: EUR 1,100,000.00
Registered
on: 07.02.2002
Reg. data: 83278 Traunstein, HRB 14155
COMPANY
HISTORY
Company name and legal form
25.05.2007 - 21.04.2009 schattdecor AG
Rosenheimer Str. 70
OT Thansau
D 83101 Rohrdorf
Public limited
company
13.11.2002 - 24.05.2005 schattdecor AG
Rosenheimer Str. 70
D 83101 Rohrdorf
Public limited
company
27.04.2001 - 17.05.2001 schattdecor AG
Rosenheimer Str. 70
D 83101 Rohrdorf
Public limited
company
28.12.1998 - 27.04.2001 schattdecor GmbH & Co. KG
Rosenheimer Str. 70
D 83101 Rohrdorf
Ltd partnership with
priv. ltd. company
as general partner
29.09.1995 - 28.12.1998 Schattdecor Walter Schatt GmbH
Rosenheimer Str. 70
D 83115 Neubeuern
Private limited
company
30.03.1989 - 29.09.1995 Schattdecor, Inh.Walter Schatt
Am Weinberg 18
D 83115 Neubeuern
Sole proprietorship
RESIGNED ACTING PERSONS AND SHAREHOLDERS
30.05.2012 - 11.10.2017 Member of the Supervisory Board
Ursula Schatt
Am Weinberg 18
D 83115 Neubeuern
02.12.2010 - 11.10.2017 President of the Supervisory Board
Walter Schatt
Am Weinberg 18
D 83115 Neubeuern
11.10.2013 - 08.05.2017 Member of the Board of Directors
Roland Auer
D 83115 Neubeuern
02.12.2010 - 08.05.2017 President of the Board of Directors
Reiner Schulz
Am Gereut 30
D 83115 Neubeuern
14.01.2009 - 10.10.2016 Member of the Board of Directors
Harald Purainer
D 83022 Rosenheim
BUSINESS
ACTIVITIES
Main industrial sector
1711
Manufacture of pulp
1812
Other printing
4762
Retail sale of periodicals, newspapers, stationery and office supplies
FINANCIAL
INFORMATION
Payment experience: No Complaints
Negative information: We have no negative
information at hand.
REAL
ESTATE
Type of ownership: Tenant
Address Walter-Schatt-Allee
1-3
D 83101 Rohrdorf
Land register documents were not available.
BANKERS
Principal bank
COMMERZBANK VORMALS DRESDNER BANK, 83011
ROSENHEIM
Sort. code: 71180005
BIC: DRESDEFF711
Further banks
SPARKASSE ROSENHEIM-BAD AIBLING, 83004
ROSENHEIM
Sort. code: 71150000
BIC: BYLADEM1ROS
VR
BANK ROSENHEIM-CHIEMSEE -ALT-, 83006 ROSENHEIM
Sort. code: 71160161
BIC: GENODEF1ROR
UNICREDIT BANK - HYPOVEREINSBANK, 83001
ROSENHEIM
Sort. code: 71120077
BIC: HYVEDEMM448
FINANCIAL
FIGURES
Financial year: 01.01. - 31.12.
The number of employees is not known.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.99 |
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1 |
INR 90.96 |
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Euro |
1 |
INR 79.51 |
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EUR |
1 |
INR 79.64 |
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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NIS |
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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
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Promoters
/ Management background
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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.