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MIRA INFORM REPORT
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Report No. : |
490523 |
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Report Date : |
13.02.2018 |
IDENTIFICATION DETAILS
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Name : |
ALBERT SCHREM WERKZEUGFABRIK GMBH |
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Registered Office : |
Ulmer Str. 56, D 89537 Giengen, Post Box:
15 04, D 89530 Giengen |
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Country : |
Germany |
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Financials (as on) : |
31.12.2015 |
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Date of Incorporation : |
01.04.1920 |
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Com. Reg. No.: |
HRB 660155 |
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Legal Form : |
Private Limited
Company |
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Line of Business : |
· Manufacture of other general-purpose machinery · Wholesale of other equipment and accessories for machinery and technical supplies |
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No. of Employees : |
14 |
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 (30.06.2017) |
Current Rating (30.09.2017) |
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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 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, bolstered by low energy prices and a weak
euro, and exports are likely to drive German GDP growth again in 2018.
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Source
: CIA |
Company
name & address
ALBERT SCHREM WERKZEUGFABRIK GMBH
Company
Status: active
Ulmer Str. 56
D 89537 Giengen
Post Box:
15 04, D 89530 Giengen
Telephone:07322/6006
Telefax: 07322/6008
Homepage: www.schrem-tools.com
E-mail:
info@schrem-tools.com
VAT
no.: DE811299035
CONCLUSION
Business relations are permissible.
LEGAL FORM Private Limited Company
Date of foundation: 01.04.1920
Shareholders'
agreement: 29.01.1973
Registered on: 12.02.1973
Commercial Register: Local court 89073 Ulm
under: HRB 660155
Share capital: EUR 51,129.19
Shareholder:
Michael Wolf
D 89518 Heidenheim
born: 28.12.1968
Share: EUR 50,617.90
Shareholder:
Albert Schrem
Werkzeugfabrik GmbH
Ulmer Str. 56
D 89537 Giengen
Post Box:
15 04, D 89530 Giengen
Legal form: Private
limited company
Share capital: EUR 51,129.19
Share: EUR 511.29
Registered on: 12.02.1973
Reg. data: 89073 Ulm, HRB
660155
Manager:
Michael Wolf
D 89518 Heidenheim
born: 28.12.1968
Proxy:
Gudrun Wolf
D 89518 Heidenheim
having sole power of
representation
born: 27.11.1969
Further functions/participations of Michael
Wolf (Manager)
Shareholder:
Michael Wolf Grundstücks
GmbH
Ulmer Str. 56
D 89537 Giengen
Legal form: Private limited
company
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 07.06.2017
Reg. data: 89073 Ulm, HRB 735231
Manager:
Michael Wolf Grundstücks
GmbH
Ulmer Str. 56
D 89537 Giengen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 07.06.2017
Reg. data: 89073 Ulm, HRB 735231
BUSINESS
ACTIVITIES
Main industrial sector
28290
Manufacture of other general-purpose machinery
Secondary industrial sector
46693
Wholesale of other equipment and accessories for machinery and technical
supplies
PARTICIPATIONS
Shareholder:
Albert Schrem
Werkzeugfabrik GmbH
Ulmer Str. 56
D 89537 Giengen
Post Box:
15 04
Legal form: Private
limited company
Company Status: active
Share capital: EUR 51,129.19
Share: EUR 511.29
Reg. data: 12.02.1973
Local court
89073 Ulm
HRB 660155
FINANCIAL
INFORMATION
Payment experience: No Complaints
Negative information: We have no negative
information at hand.
Balance sheet year: 2015
PMI: No significant / relevant payment
experience
information pertaining to
the company
inquired upon is
shown in the Deutscher
Debitoren Monitor
(DDMonitor).
Events Index: 1
At present, NO events are
known.
The Events Index
indicates if any particular
events have occurred, such
as e.g. a
relocation of registered
office or a change
within management. On the
basis of number,
relevance and
up-to-dateness of the events
an index value ranging from
1 (no events) to
5 is calculated.
Companies showing a
particularly large number
of events receive
the index 6.
REAL
ESTATE
Type of ownership: Tenant
Address Ulmer Str. 56
D 89537 Giengen
Land register documents were not available.
BANKERS
KREISSPARKASSE HEIDENHEIM, 89537 GIENGEN AN
DER BRENZ
Sort. code: 63250030
BIC: SOLADES1HDH
COMMERZBANK, 89502 HEIDENHEIM AN DER BRENZ
Sort. code: 63240016
BIC: COBADEFFXXX
VOLKSBANK BRENZTAL, 89537 GIENGEN AN DER BRENZ
Sort. code: 60069527
BIC: GENODES1RNS
FINANCIAL
FIGURES
Turnover: 2016 *EUR 2,030,000.00
2017 *EUR 2,030,000.00
further business figures:
Equipment: *EUR 84,000.00
Ac/ts receivable: EUR 199,598.00
Liabilities: EUR 221,179.00
Employees:
14
The
business figures marked with an asterisk are estimates based
on
average values in the line of business.
BALANCE
SHEETS
Balance sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]: 73.55
Liquidity ratio: 10.00
Return on total capital [%]: -5.39
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 73.88
Liquidity ratio: 10.00
Return on total capital [%]: 72.40
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 76.18
Liquidity ratio: 10.00
Return on total capital [%]: 60.02
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: 01.01.2015 - 31.12.2015
ASSETS EUR 1,132,897.39
Fixed assets
EUR 91,623.37
Intangible assets
EUR 2.51
Tangible assets
EUR 91,620.86
Current assets
EUR 1,031,309.63
Stocks
EUR 211,584.48
Accounts receivable EUR 199,598.39
Liquid means
EUR 620,126.76
Remaining other assets
EUR 9,964.39
Accruals (assets)
EUR 9,964.39
LIABILITIES EUR 1,132,897.39
Shareholders' equity
EUR 833,281.17
Capital
EUR 51,129.19
Subscribed capital (share capital)
EUR 51,129.19
Balance sheet profit/loss (+/-)
EUR 782,151.98
Balance sheet profit / loss
EUR 782,151.98
Provisions
EUR 73,310.00
Liabilities
EUR 221,179.25
Other liabilities
EUR 5,126.97
Remaining other liabilities
EUR 5,126.97
Type
of balance
sheet: Company balance sheet
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2014 - 31.12.2014
ASSETS EUR 1,217,589.81
Fixed assets
EUR 131,905.37
Intangible assets
EUR 2.51
Tangible assets
EUR 131,902.86
Current assets
EUR 1,082,353.84
Stocks
EUR 245,176.05
Accounts receivable
EUR 236,656.10
Liquid means
EUR 600,521.69
Remaining other assets
EUR 3,330.60
Accruals (assets)
EUR 3,330.60
LIABILITIES EUR 1,217,589.81
Shareholders' equity
EUR 899,516.37
Capital
EUR 51,129.19
Subscribed capital (share capital)
EUR 51,129.19
Balance sheet profit/loss (+/-)
EUR 848,387.18
Profit / loss brought forward
EUR -33,092.42
Annual surplus / annual deficit
EUR 881,479.60
Provisions
EUR 62,310.00
Liabilities EUR 255,763.44
Inconsistent balance sheets:
Financial year published on
01.01.2012 - 31.12.2012 24.01.2014
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.28 |
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1 |
INR 89.02 |
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Euro |
1 |
INR 78.93 |
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EUR |
1 |
INR 79.32 |
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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PRA |
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Report Prepared
by : |
TPT |
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.