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MIRA
INFORM REPORT
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Report No. : |
491428 |
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Report Date : |
16.02.2018 |
IDENTIFICATION DETAILS
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Name : |
SIBRE SIEGERLAND-BREMSEN GMBH |
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Registered Office : |
Auf der Stücke 1-5, D 35708 Haiger |
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Country : |
Germany |
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Financials (as on) : |
31.12.2015 |
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Date of Incorporation : |
06.12.2010 |
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Com. Reg. No.: |
HRB 6065 |
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Legal Form : |
Private Limited
Company |
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Line of Business : |
· Manufacture of other plastic products ·
Manufacture of metal products n.e.c. |
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No. of Employees : |
25 |
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
SIBRE SIEGERLAND-BREMSEN GMBH
Company Status: active
Auf der Stücke 1-5
D 35708 Haiger
Telephone:02773/9400-0
Telefax:
02773/9400-20
Homepage: www.sibre.de
E-mail:
info@sibre.de
VAT
no.: DE815237028
CONCLUSION
Business relations are permissible.
LEGAL FORM Private Limited Company
Date of foundation: 06.12.2010
Shareholders'
agreement: 06.12.2010
Registered on: 22.12.2010
Commercial Register: Local court 35578 Wetzlar
under: HRB 6065
Share capital: EUR 1,000,000.00
Shareholder:
SIBRE Holding GmbH +
Co.KG
Auf der Stücke 1-5
D 35708 Haiger
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR 400,000.00
contribution:
Share: EUR 1,000,000.00
Registered on: 14.12.1965
Reg. data: 35578 Wetzlar,
HRA 5125
Manager:
Johannes Kring
Forsthausstr. 1
D 35708 Haiger
born: 26.05.1984
Manager:
Pierre Bellinghausen
D 35708 Haiger
born: 15.05.1988
Marital status: unknown
Further functions/participations of Johannes
Kring (Manager)
Limited partner:
SIBRE Holding GmbH +
Co.KG
Auf der Stücke 1-5
D 35708 Haiger
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 400,000.00
contribution:
Share: EUR 40,000.00
Registered
on: 14.12.1965
Reg. data: 35578 Wetzlar, HRA 5125
Further functions/participations of Pierre
Bellinghausen
(Manager)
Treasurer:
Turn- und Sportverein
e.V.
Steinbacher Str. 15
D 35708 Haiger
Legal form: Registered
association
Registered
on: 12.01.2006
Reg. data: 35578 Wetzlar, VR 2325
RESIGNED
ACTING PERSONS AND SHAREHOLDERS
14.01.2011 - 07.12.2016 Manager
Thilo Pfister
Dillenburger Str. 25a
D 35708 Haiger
BUSINESS
ACTIVITIES
Main industrial sector
22290
Manufacture of other plastic products
25993
Manufacture of metal products n.e.c.
BRANCHES
AND FACTORIES
Branch:
SIBRE Siegerland-Bremsen
GmbH
Eiershäuser Str. 46
D 35713 Eschenburg
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).
REAL
ESTATE
Type of ownership: Tenant
Address Auf der Stücke 1-5
D 35708 Haiger
Type of ownership: Tenant
Address Eiershäuser Str. 46
D 35713 Eschenburg
Land register documents were not available.
BANKERS
Principal bank
VOLKSBANK DILL, 35703 HAIGER
Sort. code: 51690000
BIC: GENODE51DIL
FINANCIAL
FIGURES
Ac/ts receivable: EUR 6,219,463.00
Liabilities: EUR 500,288.00
Employees:
25
-
thereof permanent staff: 25
BALANCE
SHEETS
Balance sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]: 57.55
Liquidity ratio: 10.00
Return on total capital [%]: 14.83
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 39.94
Liquidity ratio: 10.00
Return on total capital [%]: 14.89
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 51.46
Liquidity ratio: 10.00
Return on total capital [%]: 22.48
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 39.22
Liquidity ratio: 6.56
Return on total capital [%]: 11.23
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 8,663,107.57
Current assets EUR 8,582,742.98
Stocks
EUR 108,464.00
Accounts receivable
EUR 6,219,462.50
Liquid means
EUR 2,254,816.48
Remaining other assets
EUR 80,364.59
Accruals (assets)
EUR 11,924.80
Active difference from asset
offsetting
EUR 68,439.79
LIABILITIES EUR 8,663,107.57
Shareholders' equity
EUR 5,675,785.92
Capital
EUR 800,000.00
Subscribed capital (share capital)
EUR 800,000.00
Balance sheet profit/loss (+/-)
EUR 4,875,785.92
Profit / loss brought forward
EUR 3,832,241.08
Annual surplus / annual deficit
EUR 1,043,544.84
Provisions
EUR 2,487,034.00
Liabilities EUR 500,287.65
Other liabilities
EUR 0.00
Unspecified other liabilities
EUR 0.00
thereof liabilities from tax /
financial authorities EUR 11,524.48
thereof liabilities from social
security
EUR 2,862.58
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 5,387,201.66
Staff expenses
EUR 1,480,196.61
Wages and salaries
EUR 1,261,613.85
Social security contributions and
expenses for pension plans and
benefits EUR 218,582.76
Total depreciation
EUR 969.58
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 969.58
Other
operating expenses EUR 2,268,305.65
Operating result from continuing
operations
EUR 1,637,729.82
Interest result (+/-)
EUR -136,621.31
Interest and similar income
EUR 30,129.79
thereof from related companies
EUR 30,083.84
Interest and similar expenses
EUR 166,751.10
Financial result (+/-)
EUR -136,621.31
Result from ordinary operations (+/-)
EUR 1,501,108.51
Income tax / refund of income tax (+/-)EUR -455,600.67
Other taxes / refund of taxes
EUR -1,963.00
Tax
(+/-)
EUR -457,563.67
Annual surplus / annual deficit
EUR 1,043,544.84
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 9,753,693.65
Current assets
EUR 9,676,351.78
Stocks
EUR 2,489,703.85
Accounts receivable
EUR 4,883,702.20
Liquid means
EUR 2,302,945.73
Remaining other assets
EUR 77,341.87
Accruals (assets)
EUR 1,899.14
Active difference from asset
offsetting
EUR 75,442.73
LIABILITIES EUR 9,753,693.65
Shareholders' equity
EUR 4,632,241.08
Capital
EUR 800,000.00
Subscribed capital (share capital)
EUR 800,000.00
Balance sheet profit/loss (+/-)
EUR 3,832,241.08
Profit / loss brought forward
EUR 2,562,853.48
Annual surplus / annual deficit
EUR 1,269,387.60
Provisions
EUR 2,804,471.68
Liabilities
EUR 2,316,980.89
Other liabilities
EUR 0.00
Unspecified other liabilities
EUR 0.00
thereof liabilities from tax /
financial authorities
EUR 200,317.31
thereof liabilities from social
security
EUR 7,563.80
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 8,536,649.86
Staff expenses
EUR 2,864,352.89
Wages and salaries
EUR 2,542,263.62
Social security contributions and
expenses for pension plans and
benefits
EUR 322,089.27
Total depreciation
EUR 227.73
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 227.73
Other operating expenses
EUR 3,821,537.13
Operating result from continuing
operations
EUR 1,850,532.11
Interest result (+/-)
EUR -99,755.30
Interest and similar income
EUR 15,441.97
thereof from related companies
EUR 11,461.82
Interest and similar expenses
EUR 115,197.27
Financial result (+/-)
EUR -99,755.30
Result from ordinary operations (+/-)
EUR 1,750,776.81
Income tax / refund of income tax (+/-)EUR -481,389.21
Tax
(+/-) EUR -481,389.21
Annual surplus / annual deficit
EUR 1,269,387.60
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.92 |
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1 |
INR 89.55 |
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Euro |
1 |
INR 79.68 |
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EUR |
1 |
INR 80.29 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
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.