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MIRA
INFORM REPORT
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Report No. : |
491708 |
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Report Date : |
16.02.2018 |
IDENTIFICATION DETAILS
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Name : |
ZAGRO BAHN- UND BAUMASCHINEN GMBH |
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Registered Office : |
Mühlstr.
11-15, D 74906 Bad Rappenau |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
1970 |
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Com. Reg. No.: |
HRB 103763 |
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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 machinery |
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No. of Employees : |
94 |
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 (30.06.2017) |
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 AND ADDRESS
Report on: ZAGRO
Bahn- und Baumaschinen GmbH
Company Status: active
Mühlstr. 11-15
D 74906 Bad Rappenau
Telephone: 07266/9168-0
Telefax: 07266/9168-25
Homepage:
www.zagro.de
E-mail: info@zagro.de
VAT
no.: DE152590472
CONCLUSION
Business relations are permissible.
COMPANY
SUMMARY
Legal Form Private limited company
Date of foundation: 1970
Registered on: 08.11.1988
Commercial Register: Local court 70190 Stuttgart
under: HRB
103763
Share capital: EUR 1,000,000.00
Shareholder:
Wolfgang Zappel
Mühlstr. 11-15
D 74906 Bad Rappenau
born: 16.01.1963
Share: EUR 1,000,000.00
Manager:
Wolfgang Zappel
Mühlstr. 11-15
D 74906 Bad Rappenau
having sole power of
representation
born: 16.01.1963
Profession: Businessman
Marital status: unknown
Proxy:
Martina Zappel
D 74906 Bad Rappenau
having sole power of
representation
born: 30.01.1967
Further functions/participations of Wolfgang
Zappel (Manager)
Proprietor:
Wolfgang Zappel
Mühlstr. 11-15
D 74906 Bad Rappenau
Legal form: Unregistered
commercial
enterprise
Limited partner:
ZWEIWEG International
GmbH & Co. KG.
Oberbüscherhof 50
D 42799 Leichlingen
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 410,000.00
contribution:
Share: EUR 410,000.00
Registered
on: 23.04.2007
Reg. data: 50939 Köln, HRA 24876
Limited partner:
Solar Andaluz 16 GmbH
& Co.KG
Bismarckstr. 107
D 74074 Heilbronn
Legal form: Ltd
partnership with priv. ltd.
company as general partner
Total cap. EUR 5,000.00
contribution:
Share: EUR 1,250.00
Registered
on: 04.09.2006
Reg. data: 70190 Stuttgart, HRA 104971
Limited partner:
Schaefer Invest
Geschäftshaus St. Wendel
GmbH & Co. KG
Karlstr. 2
D 74072 Heilbronn
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 4,564.50
contribution:
Share: EUR 204.00
Registered
on: 17.03.2015
Reg. data: 70190 Stuttgart, HRA 730824
Shareholder:
GMEINDER LOKOMOTIVEN GmbH
Anton-Gmeinder-Str. 5
D 74821 Mosbach
Legal form: Private
limited company
Share capital: EUR 500,000.00
Share: EUR 500,000.00
Registered
on: 27.06.2012
Reg. data: 68159 Mannheim, HRB 714847
Shareholder:
SHZ Kabinen- und
Karosseriebau GmbH
Anton-Gmeinder-Str. 5
D 74821 Mosbach
Legal form: Private
limited company in
liquidation
Share capital: EUR 26,000.00
Share: EUR 26,000.00
Registered
on: 30.07.2013
Reg. data: 68159 Mannheim, HRB 717464
Shareholder:
ZWEIWEG Verwaltung GmbH
Oberbüscherhof 50
D 42799 Leichlingen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 13.04.2007
Reg. data: 50939 Köln, HRB 60141
Liquidator:
SHZ Kabinen- und
Karosseriebau GmbH
Anton-Gmeinder-Str. 5
D 74821 Mosbach
Legal form: Private
limited company in
liquidation
Share capital: EUR 26,000.00
Registered
on: 30.07.2013
Reg. data: 68159 Mannheim, HRB 717464
BUSINESS
ACTIVITIES
Main industrial sector
28290
Manufacture of other general-purpose machinery
46692 Wholesale of other machinery
PARTICIPATIONS
Shareholder:
SRT Schörling Rail Tech
GmbH
Egestorffstr. 6
D 31319 Sehnde
Legal form: Private
limited company
Company Status: active
Share capital: EUR 50,000.00
Share: EUR 50,000.00
Reg. data: 06.11.2007
Local court
31134 Hildesheim
HRB 200872
Shareholder:
Hans Joch Maschinenbau
GmbH
Buchäckerring 12
D 74906 Bad Rappenau
Legal form: Private
limited company
Company Status: in
liquidation
since: 27.07.2016
Share capital: EUR 25,600.00
Share: EUR 12,800.00
Reg. data: 10.01.2006
Local court
70190 Stuttgart
HRB 109079
FINANCIAL
INFORMATION
Payment experience: No
complaints
Negative information: We have no negative information at hand.
Balance sheet year: 2016
REAL
ESTATE
Type of ownership: Tenant
Address Mühlstr. 11-15
D 74906 Bad Rappenau
Real Estate of: Wolfgang Zappel
Type of ownership: proprietor
Share: 100.00 %
Address Mühlstr. 11-15
D 74906 Bad Rappenau
Type of real estate: residential and business
location
Land register documents were not available.
BANKERS
Principal bank
RAIFFEISENBANK KRAICHGAU, 74912 KIRCHARDT
Sort. code: 66762332, Account no.: 4459008
BIC: GENODE61KIR, IBAN: DE42667623320004459008
Further bank
COMMERZBANK, 74004 HEILBRONN
Sort. code: 62040060, Account no.: 318633500
BIC: COBADEFFXXX, IBAN: DE06620400600318633500
FINANCIAL
FIGURES
Gross profit or loss:2016 EUR 10,934,305.00
Profit: 2016 EUR 949,612.00
Equipment: EUR 1,038,778.00
Ac/ts receivable: EUR 7,666,938.00
Liabilities: EUR 2,958,691.00
Employees:
94
- thereof permanent staff: 92
- Trainees:
2
BALANCE
SHEETS
Balance
sheet ratios 01.01.2016 - 31.12.2016
Equity ratio [%]: 66.94
Liquidity ratio: 7.64
Return on total capital [%]: 5.91
Balance sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]: 66.10
Liquidity ratio: 10.00
Return on total capital [%]: 7.50
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 55.20
Liquidity ratio: 1.63
Return on total capital [%]: 9.57
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 59.49
Liquidity ratio: 2.49
Return on total capital [%]: 6.38
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 - 31.12.2016
ASSETS EUR 16,070,324.99
Fixed assets EUR 3,232,561.75
Intangible assets EUR 5,063.50
Concessions, licences, rights EUR 5,063.50
Tangible assets EUR 3,163,175.00
Land / similar rights EUR 79,175.50
Plant / machinery EUR 2,045,221.50
Other tangible assets / fixtures and
fittings EUR 1,038,778.00
Financial assets EUR 64,323.25
Shares in participations /
subsidiaries and the like EUR 64,323.25
Shares in related companies EUR 50,000.00
Shares in cooperatives EUR 1,200.00
Shares in investee companies EUR 13,123.25
Current assets EUR 12,837,763.24
Stocks EUR 3,566,311.14
Other / unspecified stocks EUR 3,566,311.14
Received advance payments for orders
(depreciated on the assets side) EUR
-2,234,364.94
Accounts receivable EUR 7,666,937.93
Amounts due from related companies EUR
1,832,219.00
Other debtors and assets EUR 5,834,718.93
Liquid means EUR 1,604,514.17
LIABILITIES EUR 16,070,324.99
Shareholders' equity EUR 10,407,067.14
Capital EUR 1,000,000.00
Subscribed capital (share capital) EUR 1,000,000.00
Reserves EUR 500,000.00
Retained earnings / revenue reserves
EUR 500,000.00
Balance sheet profit/loss (+/-) EUR 8,907,067.14
Profit / loss brought forward EUR 7,957,454.86
Annual surplus / annual deficit EUR 949,612.28
Provisions EUR 2,704,567.00
Pension provisions and comparable
provisions EUR 266,820.00
Other / unspecified provisions EUR 2,437,747.00
Liabilities EUR 2,958,690.85
Financial debts EUR 512,330.11
Liabilities due to banks EUR 512,330.11
Other liabilities EUR 2,446,360.74
Trade creditors (for IAS incl. bills
of exchange) EUR 1,632,445.31
Liabilities due to shareholders EUR 350,000.00
Liabililties due to related
companiesEUR 1,969.97
Unspecified other liabilities EUR 461,945.46
Guarantees and other commitments EUR 8,490,802.37
Guarantees / warranties EUR 300,000.00
Guarantees EUR 300,000.00
Sureties / lendings of
creditworthiness EUR 8,190,802.37
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Gross result (+/-) EUR 10,934,304.98
Staff expenses EUR 4,478,390.04
Wages and salaries EUR 3,758,057.79
Social security contributions and
expenses for pension plans and
benefits EUR 720,332.25
Total depreciation EUR 734,334.94
Other operating expenses EUR 4,377,207.75
Operating result from continuing
operations EUR 1,344,372.25
Result from participating interests
(+/-) EUR 60.80
Expenses / income from participations
EUR 60.80
Income from related companies EUR 60.80
Interest result (+/-) EUR -31,956.62
Interest and similar income EUR 71,428.53
thereof from related companies EUR 36,939.00
Interest and similar expenses EUR 103,385.15
Financial result (+/-) EUR -31,895.82
Result from ordinary operations (+/-) EUR
1,312,476.43
Income tax / refund of income tax
(+/-)EUR -346,258.71
Other taxes / refund of taxes EUR -16,605.44
Tax (+/-) EUR -362,864.15
Annual surplus / annual deficit EUR 949,612.28
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 14,304,072.16
Fixed assets EUR
2,701,943.25
Intangible assets EUR 12,772.00
Other / unspecified intangible
assetsEUR 12,772.00
Tangible assets EUR 2,624,848.00
Land / similar rights EUR 18,871.50
Plant / machinery EUR 1,711,443.00
Other tangible assets / fixtures and
fittings EUR 851,633.50
Advance payments made / construction
in
progress
EUR 42,900.00
Financial assets EUR 64,323.25
Shares in participations /
subsidiaries and the like EUR 63,123.25
Shares in related companies EUR 50,000.00
Shares in investee companies EUR 13,123.25
Other / unspecified financial assets
EUR 1,200.00
Current assets EUR 11,500,961.91
Stocks
EUR 3,946,005.94
Received advance payments for orders
(depreciated on the assets side) EUR
-1,791,726.35
Accounts receivable EUR 5,183,004.67
Amounts due from related companies EUR
1,433,614.31
Other debtors and assets EUR 3,749,390.36
Liquid means EUR 2,371,951.30
Remaining other assets EUR 101,167.00
Accruals (assets) EUR 101,167.00
LIABILITIES EUR 14,304,072.16
Shareholders' equity EUR 9,457,454.86
Capital EUR 1,000,000.00
Subscribed capital (share capital) EUR
1,000,000.00
Reserves EUR 51,129.19
Retained earnings / revenue reserves
EUR 51,129.19
Balance sheet profit/loss (+/-) EUR 8,406,325.67
Profit / loss brought forward EUR 7,333,298.02
Annual surplus / annual deficit EUR 1,073,027.65
Provisions EUR 2,286,955.00
Liabilities EUR 2,559,662.30
Financial debts EUR 731,496.21
Liabilities due to banks EUR 731,496.21
Other liabilities EUR 1,828,166.09
Liabililties due to related companiesEUR 36,727.45
Unspecified other liabilities EUR 1,791,438.64
Guarantees and other commitments EUR 6,465,668.85
Guarantees / warranties EUR 300,000.00
Guarantees EUR 300,000.00
Sureties / lendings of
creditworthiness EUR 6,165,668.85
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Gross result (+/-) EUR
10,901,318.01
Staff expenses EUR 4,346,995.54
Wages and salaries EUR 3,539,962.62
Social security contributions and
expenses for pension plans and
benefits EUR 807,032.92
Total depreciation EUR 691,067.24
Other operating expenses EUR 4,453,208.93
Operating result from continuing
operations EUR 1,410,046.30
Result from participating interests
(+/-) EUR 59.38
Expenses / income from participations
EUR 59.38
Income from related companies EUR 59.38
Interest result (+/-) EUR 136,041.28
Interest and similar income EUR 227,226.51
thereof from related companies EUR 107,409.25
Interest and similar expenses EUR
91,185.23
Financial result (+/-) EUR 136,100.66
Result from ordinary operations (+/-) EUR
1,546,146.96
Income tax / refund of income tax
(+/-)EUR -451,129.97
Other taxes / refund of taxes EUR -21,989.34
Tax (+/-) EUR -473,119.31
Annual surplus / annual deficit EUR 1,073,027.65
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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Euro |
1 |
INR 80.12 |
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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DIV |
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Report Prepared
by : |
SYL |
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.