|
|
|
MIRA INFORM REPORT
|
Report No. : |
494409 |
|
Report Date : |
24.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
GALLUS DRUCKMASCHINEN GMBH |
|
|
|
|
Registered
Office : |
Steinbruchstr. 5, D 35428 Langgöns |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.03.2016 |
|
|
|
|
Date of Incorporation : |
12.02.1990 |
|
|
|
|
Com. Reg. No.: |
HRB 1762 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
·
Manufacture of machinery for paper and paperboard
production · Wholesale of other machinery |
|
|
|
|
No. of Employees : |
125 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
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.
|
Source : CIA |
COMPANY
NAME AND ADDRESS
GALLUS DRUCKMASCHINEN GMBH
Company Status:
Active
Steinbruchstr. 5
D 35428 Langgöns
Telephone: 06447/9250
Telefax: 06447/6064
Homepage: www.gallus-group.com
E-mail: Info@gallus-group.com
VAT no.:
DE112595635
COMPANY
SUMMARY
Legal Form
Private limited company
Registered on:
12.02.1990
Commercial Register: Local
court 35390 Gießen
under: HRB
1762
Share
capital
EUR 2,045,167.52
Shareholder:
Heidelberger Druckmaschinen
Aktiengesellschaft
Kurfürsten-Anlage 52-60
D 69115 Heidelberg
Post Box:
10 29 40, D 69019 Heidelberg
Legal form: Public limited company
Share capital: EUR 713,562,818.56
Share: EUR 2,045,167.52
Registered on: 01.01.1900
Reg. data: 68159 Mannheim, HRB 330004
Control and profit transfer agreement
Manager:
Udo Gabriel
Am Finkenhain 12
D 34305 Niedenstein
having sole power of representation
born: 06.06.1956
Proxy:
Helen Schröder
Borngartenstr. 12
D 35510 Butzbach
authorized to jointly represent the company
born: 29.05.1962
née: Henn
Marital status: married
Proxy:
Manfred Rath
D 35510 Butzbach
authorized to jointly represent the company
born: 06.06.1953
Profession: Businessman
Marital status: married
Proxy:
Thomas Ketelhut
CH Uttwil
authorized to jointly represent the company
born: 13.07.1966
Nationality: Swiss
COMPANY
HISTORY
Company name and legal form
12.02.1990 - 07.01.2005
arsoma Druckmaschinen GmbH
Sondermaschinenbau
Steinbruchstr. 5
D 35428 Langgöns
Private limited company
BUSINESS
ACTIVITIES
Main industrial sector
28950 Manufacture
of machinery for paper and paperboard production
Secondary industrial sector
46692 Wholesale
of other machinery
FINANCIAL
INFORMATION
Payment experience:
No complaints
Negative information: We
have no negative information at hand.
Balance sheet year:
2015/2016
REAL
ESTATE
Type of ownership:
Proprietor
Share:
100.00 %
Address
Steinbruchstr. 5
D 35428 Langgöns
Land register documents were not available.
BANKERS
Principal bank
DEUTSCHE BANK, 35348 GIEßEN
Sort. code: 51370008
BIC: DEUTDEFF513
Further bank
SPARKASSE WETZLAR, 35576 WETZLAR
Sort. code: 51550035
BIC: HELADEF1WET
FINANCIAL
FIGURES
Turnover: 2014/2015 EUR 51,096,056.00
Profit: 2014/2015 EUR -364,528.00
Equipment: EUR 635,377.00
Ac/ts
receivable:
EUR 8,468,144.00
Liabilities: EUR 22,761,209.00
Total
numbers of vehicles: 14
-
Passenger cars:
12
Employees:
125
-
thereof permanent staff: 59
Control and profit transfer agreement to:
Heidelberger Druckmaschinen
Aktiengesellschaft
Kurfürsten-Anlage 52-60
D 69115 Heidelberg
Post Box:
10 29 40, D 69019 Heidelberg
BALANCE
SHEETS
Balance
sheet ratios 01.04.2015 - 31.03.2016
Equity
ratio [%]: 50.58
Liquidity
ratio: 0.87
Return
on total capital [%]: 5.06
Balance
sheet ratios 01.01.2015 - 31.03.2015
Equity
ratio [%]: 57.29
Liquidity
ratio: 0.72
Return
on total capital [%]: -6.76
Balance
sheet ratios 01.01.2014 - 31.12.2014
Equity
ratio [%]: 50.82
Liquidity
ratio: 0.84
Return
on total capital [%]: -1.28
Balance
sheet ratios 01.01.2013 - 31.12.2013
Equity
ratio [%]: 50.10
Liquidity
ratio: 0.87
Return
on total capital [%]: 2.45
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: 01.04.2015 -
31.03.2016
ASSETS EUR 33,525,243.25
Fixed assets EUR 5,702,867.99
Intangible assets EUR 122,377.00
Internally generated
industrial
property rights and
similar rights
and assets EUR 111,917.00
Concessions, licences,
rights EUR 10,460.00
Tangible assets EUR
5,580,490.99
Land / similar
rights EUR 4,877,613.99
Plant / machinery EUR 131,481.00
Other tangible assets /
fixtures and
fittings EUR 571,396.00
Current assets EUR 27,760,498.94
Stocks EUR 16,570,562.34
Raw materials,
consumables and
supplies EUR 6,325,763.18
Finished goods / work
in progress EUR 9,975,173.79
Advance payments
made EUR 269,625.37
Accounts receivable EUR 7,443,582.80
Trade debtors EUR 4,617,263.08
Amounts due from
related companies EUR 2,448,003.13
Other debtors and
assets EUR 378,316.59
Liquid means EUR 3,746,353.80
Remaining other
assets EUR 61,876.32
Accruals (assets) EUR 61,876.32
LIABILITIES EUR 33,525,243.25
Shareholders' equity EUR 2,149,222.51
Capital EUR 2,045,167.52
Subscribed capital
(share capital) EUR 2,045,167.52
Reserves EUR 17,023,720.59
Capital reserves EUR 16,099,988.59
Retained earnings /
revenue reserves EUR
923,732.00
Balance sheet
profit/loss (+/-) EUR -16,919,665.60
Profit / loss brought
forward EUR -18,576,364.51
Annual surplus / annual
deficit EUR 1,656,698.91
Provisions EUR 4,217,830.52
Provisions for
taxes EUR 69,516.21
Other / unspecified
provisions EUR 4,148,314.31
Liabilities EUR 26,656,936.06
Other liabilities EUR 26,656,936.06
Trade creditors (for
IAS incl. bills
of exchange) EUR 5,949,685.92
Liabilities from
received advance
payments EUR 4,518,923.94
Liabililties due to related companiesEUR 15,350,619.15
Unspecified other
liabilities EUR 837,707.05
thereof liabilities
from tax /
financial
authorities EUR 152,994.20
thereof liabilities from
social
security EUR 5,102.65
Other liabilities EUR 501,254.16
Deferrals
(liabilities) EUR 243,952.48
Deferred taxes (not
included under
provisions/liabilities) EUR 257,301.68
PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Sales EUR 67,693,187.68
Inventory change + own
costs (+/-) EUR -2,085,612.96
Inventory change
(+/-) EUR -2,153,939.72
Capitalised own
costs EUR 68,326.76
Other operating
income EUR 456,148.30
Cost of materials EUR 44,402,870.66
Raw materials and
supplies, purchased
goods EUR 42,785,584.80
Purchased services EUR 1,617,285.86
Gross result (+/-) EUR 21,660,852.36
Staff expenses EUR 7,616,538.93
Wages and salaries EUR 6,760,257.54
Social security
contributions and
expenses for pension
plans and
benefits EUR 856,281.39
Total depreciation EUR 401,844.67
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 401,844.67
Other operating
expenses EUR
11,593,676.78
Operating result from
continuing
operations EUR 2,048,791.98
Interest result
(+/-) EUR -234,092.76
Interest and similar
income EUR 35,608.39
Interest and similar
expenses EUR 269,701.15
thereof paid to related
companies EUR 256,624.41
Financial result
(+/-) EUR -234,092.76
Result from ordinary
operations (+/-) EUR 1,814,699.22
Income tax / refund of
income tax (+/-)EUR -142,347.67
Other taxes / refund of
taxes EUR -15,652.64
Tax (+/-) EUR -158,000.31
Annual surplus / annual
deficit EUR 1,656,698.91
Type of balance sheet: Company
balance sheet
Origin of the present balance sheet: electronic
German Federal Gazette
Financial year: 01.01.2015 -
31.03.2015
ASSETS EUR 30,919,089.97
Fixed assets EUR 5,960,526.29
Intangible assets EUR 71,753.00
Internally generated
industrial
property rights and
similar rights
and assets EUR 47,385.00
Concessions, licences,
rights EUR 24,368.00
Tangible assets EUR 5,888,773.29
Land / similar
rights EUR 5,086,417.99
Plant / machinery EUR 151,939.00
Other tangible assets /
fixtures and
fittings EUR 650,416.30
Current assets EUR 24,880,776.88
Stocks EUR 17,831,826.44
Raw materials,
consumables and
supplies EUR 5,678,694.33
Finished goods / work
in progress EUR 12,129,113.51
Advance payments
made EUR 24,018.60
Accounts receivable EUR 6,374,908.47
Trade debtors EUR 2,876,743.78
Amounts due from
related companies EUR 2,847,608.37
Other debtors and
assets EUR 650,556.32
Liquid means EUR 674,041.97
Remaining other
assets EUR 77,786.80
Accruals (assets) EUR 77,786.80
LIABILITIES
EUR 30,919,089.97
Shareholders' equity EUR 492,523.60
Capital EUR 2,045,167.52
Subscribed capital
(share capital) EUR 2,045,167.52
Reserves EUR 17,023,720.59
Capital reserves EUR 16,099,988.59
Retained earnings /
revenue reserves EUR
923,732.00
Balance sheet
profit/loss (+/-) EUR -18,576,364.51
Profit / loss brought
forward EUR -16,487,259.19
Annual surplus / annual
deficit EUR -2,089,105.32
Provisions EUR 3,383,373.48
Other / unspecified
provisions EUR 3,383,373.48
Liabilities EUR 26,698,354.33
Other liabilities EUR 26,698,354.33
Trade creditors (for
IAS incl. bills
of exchange) EUR 3,735,860.07
Liabilities from
received advance
payments EUR 3,313,734.12
Liabilities due to
shareholders EUR 17,219,779.03
Liabililties due to
related companiesEUR
1,760,152.44
Unspecified other
liabilities EUR 668,828.67
thereof liabilities
from tax /
financial
authorities EUR 117,622.16
thereof liabilities
from social
security EUR 53,393.32
Other liabilities EUR 344,838.56
Deferrals
(liabilities) EUR 160,368.34
Deferred taxes (not
included under
provisions/liabilities)
EUR 184,470.22
PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Sales EUR 8,183,110.33
Inventory change + own
costs (+/-) EUR 4,805,624.83
Inventory change
(+/-) EUR 4,764,475.53
Capitalised own
costs EUR 41,149.30
Other operating
income EUR 155,126.98
Cost of materials EUR 10,281,294.86
Raw materials and
supplies, purchased
goods EUR 9,838,611.05
Purchased services EUR 442,683.81
Gross result (+/-) EUR 2,862,567.28
Staff expenses EUR 2,287,975.87
Wages and salaries EUR
2,238,331.47
Social security
contributions and
expenses for pension
plans and
benefits EUR 49,644.40
Total depreciation EUR 101,342.65
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 101,342.65
Other operating
expenses EUR 2,532,098.67
Operating result from
continuing
operations EUR -2,058,849.91
Interest result
(+/-) EUR -64,359.43
Interest and similar
income EUR 6,019.60
Interest and similar
expenses EUR 70,379.03
thereof paid to related
companies EUR 55,150.03
Financial result
(+/-) EUR -64,359.43
Result from ordinary
operations (+/-) EUR -2,123,209.34
Income tax / refund of
income tax (+/-)EUR 37,635.43
Other taxes / refund of
taxes EUR -3,531.41
Tax (+/-) EUR 34,104.02
Annual surplus / annual
deficit EUR -2,089,105.32
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.82 |
|
|
1 |
INR 90.40 |
|
Euro |
1 |
INR 79.76 |
|
Euro |
1 |
INR 79.56 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
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.