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MIRA INFORM REPORT
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Report No. : |
503475 |
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Report Date : |
16.04.2018 |
IDENTIFICATION DETAILS
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Name : |
DÜSEN-SCHLICK GMBH |
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Registered Office : |
Hutstr. 4, D 96253 Untersiemau |
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Country : |
Germany |
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Financials (as on) : |
28.02.2017 |
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Year of Establishment : |
1902 |
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Com. Reg. No.: |
HRB 2810 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacture of other fabricated metal products n.e.c. |
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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 : |
Good |
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Payment Behaviour : |
Regular |
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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 and Address
DÜSEN-SCHLICK GMBH
Company Status: Active
Hutstr. 4
D 96253 Untersiemau
Telephone:09565/9481-0
Telefax: 09565/2870
Homepage: www.duesen-schlick.de
E-mail: vonkonoblauch@duesen-schlick.de
VAT
no.
DE812377973
Company
Summary
LEGAL FORM Private limited company
Date of foundation: 1902
Shareholders'
agreement: 09.02.1998
Registered on: 02.03.1998
Commercial Register: Local court 96450 Coburg
under: HRB 2810
Share
capital
EUR 1,000,000.00
Shareholder:
REGS GmbH
Hutstr. 4
D 96253 Untersiemau
Legal form: Private limited company
Share capital: EUR 155,000.00
Share: EUR 1,000,000.00
Registered on: 05.09.2007
Reg. data: 96450 Coburg, HRB 4350
Manager:
Robert von Knoblauch zu Hatzbach
D 96049 Bamberg
having sole power of representation
born: 29.03.1971
Further functions/participations of Robert von Knoblauch zu
Hatzbach (Manager)
General partner:
E.S.I. KG
Hutstr. 4
D 96253 Untersiemau
Legal form: Limited partnership
Total cap. EUR 15,500.00
contribution:
Registered
on: 13.12.2000
Reg. data: 96450 Coburg, HRA 3838
Shareholder:
REGS GmbH
Hutstr. 4
D 96253 Untersiemau
Legal form: Private limited company
Share capital: EUR 155,000.00
Share: EUR 88,350.00
Registered
on: 05.09.2007
Reg. data: 96450 Coburg, HRB 4350
Manager:
REGS GmbH
Hutstr. 4
D 96253 Untersiemau
Legal form: Private limited company
Share capital: EUR 155,000.00
Registered
on: 05.09.2007
Reg. data: 96450 Coburg, HRB 4350
Manager:
Ernst Equity GmbH
Hutstr. 4
D 96253 Untersiemau
Legal form: Private limited company
Share capital: EUR 26,000.00
Registered
on: 04.04.1978
Reg. data: 96450 Coburg, HRB 255
BUSINESS
ACTIVITIES
Main industrial sector
2599 Manufacture of other fabricated metal products n.e.c.
FINANCIAL
INFORMATION
Payment experience: Within agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2016/2017
REAL
ESTATE
Type of ownership: Tenant
Address Hutstr. 4
D 96253 Untersiemau
Land register documents were not available.
BANKERS
DEUTSCHE BANK, 96404 COBURG
Sort. code: 76070012
BIC: DEUTDEMM760
UNICREDIT BANK - HYPOVEREINSBANK, 96402 COBURG
Sort. code: 78320076
BIC: HYVEDEMM480
FINANCIAL
FIGURES
Ac/ts receivable: EUR 1,654,606.00
Liabilities: EUR 1,173,388.00
The number of employees is not known.
BALANCE
SHEETS
Balance sheet ratios
29.02.2016 - 28.02.2017
Equity ratio
[%]: 30.26
Liquidity
ratio: 1.34
Return on total
capital [%]: -3.71
Balance sheet ratios
01.03.2015 - 29.02.2016
Equity ratio
[%]: 35.23
Liquidity
ratio: 1.54
Return on total
capital [%]: 0.05
Balance sheet ratios
01.03.2014 - 28.02.2015
Equity ratio
[%]: 33.37
Liquidity
ratio: 1.10
Return on total
capital [%]: -8.80
Balance sheet ratios
01.03.2013 - 28.02.2014
Equity ratio
[%]: 44.80
Liquidity
ratio: 5.15
Return on total
capital [%]: 7.64
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: 29.02.2016 - 28.02.2017
ASSETS EUR 4,123,202.29
Fixed assets EUR 991,634.00
Intangible assets EUR 31,284.00
Tangible assets EUR 930,630.00
Financial assets EUR 29,720.00
Current assets EUR 3,094,172.64
Stocks EUR 1,039,300.00
Accounts receivable EUR 1,958,054.60
Liquid means EUR 96,818.04
Remaining other assets EUR 37,395.65
Accruals (assets) EUR 37,395.65
LIABILITIES EUR 4,123,202.29
Shareholders' equity EUR 1,258,504.16
Capital EUR 1,000,000.00
Subscribed capital (share capital) EUR
1,000,000.00
Balance sheet profit/loss (+/-) EUR 258,504.16
Balance sheet profit / loss EUR 258,504.16
Provisions EUR 1,310,640.00
Liabilities EUR 1,554,058.13
Type of balance
sheet: Company balance sheet
Origin of the
present
balance sheet: electronic German Federal Gazette
Financial year: 01.03.2015 - 29.02.2016
ASSETS EUR 3,960,562.34
Fixed assets EUR 1,034,965.00
Intangible assets EUR 47,382.00
Tangible assets EUR 957,863.00
Financial assets EUR 29,720.00
Current assets EUR 2,862,553.99
Stocks EUR 1,111,700.00
Accounts receivable EUR 1,654,605.91
Liquid means EUR 96,248.08
Remaining other assets EUR 63,043.35
Accruals (assets) EUR 63,043.35
LIABILITIES EUR 3,960,562.34
Shareholders' equity EUR 1,410,844.07
Capital EUR 1,000,000.00
Subscribed capital (share capital) EUR
1,000,000.00
Balance sheet profit/loss (+/-) EUR 410,844.07
Balance sheet profit / loss EUR 410,844.07
Provisions EUR 1,376,330.00
Liabilities EUR 1,173,388.27
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.22 |
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1 |
INR 92.77 |
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Euro |
1 |
INR 80.34 |
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EUR |
1 |
INR 80.51 |
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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VIV |
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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
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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.