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MIRA INFORM REPORT
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Report No. : |
486432 |
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Report Date : |
13.01.2018 |
IDENTIFICATION DETAILS
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Name : |
SGGT HYDRAULIK GMBH |
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Registered Office : |
Betzenhölle 24 D 66538 Neunkirchen |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
18.10.2000 |
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Com. Reg. No.: |
HRB 12623 |
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Legal Form : |
Private limited company |
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Line of Business : |
·
Manufacture of pumps and compressors n.e.c.
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No. of Employees : |
17 |
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 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.
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Source
: CIA |
Company
name and address
SGGT Hydraulik GmbH
Betzenhölle 24
D 66538 Neunkirchen
Telephone:06821/920830
Telefax: 06821/9208350
Homepage: www.sggt-wh.de
E-mail:
geschaeftsfuehrung@sggt-wh.de
Company
Status
Active
VAT
no.
DE813172936
Tax
ID number
030/118/01217
Company
summery
LEGAL FORM Private limited company
Date of foundation: 18.10.2000
Begin of business
activities: 01.04.2001
Shareholders'
agreement: 18.10.2000
Registered on: 17.01.2002
Commercial Register: Local
court 66121 Saarbrücken
under: HRB 12623
Share capital: EUR 100,000.00
Shareholder:
Günter Gasiorek
Im
Schmelzerwald 23
D 66386
St. Ingbert
born:
03.08.1954
Share: EUR 45,000.00
Shareholder:
Dipl.-Ing. Michael Kohler
Dr.-Trittelvitz-Str. 23
D 66583
Spiesen-Elversberg
born:
20.05.1962
Share: EUR 45,000.00
Shareholder:
Gregor
Przybylla
Nelkenweg 1
D 66636
Tholey
born:
21.11.1967
Share: EUR 10,000.00
Manager:
Günter
Gasiorek
Im
Schmelzerwald 23
D 66386
St. Ingbert
authorized to jointly represent the company
born:
03.08.1954
Profession: Balance sheet accountant
Marital
status: married
Manager:
Dipl.-Ing. Michael Kohler
Dr.-Trittelvitz-Str. 23
D 66583
Spiesen-Elversberg
authorized to jointly represent the company
born:
20.05.1962
Profession: graduate engineer
Marital
status: married
Manager:
Gregor
Przybylla
Nelkenweg 1
D 66636
Tholey
authorized to jointly represent the company
born:
21.11.1967
Marital
status: married
Further functions/participations of Günter Gasiorek (Manager)
Limited partner:
GK
Grundstücksverwaltung GmbH & Co. KG
Sinnerthaler Weg 7
D 66538
Neunkirchen
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 2,000.00
contribution:
Share: EUR 1,000.00
Registered
on: 11.06.2012
Reg.
data: 66121 Saarbrücken, HRA 11261
Shareholder:
GK Geschäftsführung GmbH
Sinnerthaler Weg 7
D 66538
Neunkirchen
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 23.05.2012
Reg.
data: 66121 Saarbrücken, HRB 100254
Manager:
GK
Geschäftsführung GmbH
Sinnerthaler Weg 7
D 66538
Neunkirchen
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 23.05.2012
Reg.
data: 66121 Saarbrücken, HRB 100254
Further functions/participations of Dipl.-Ing. Michael Kohler
(Manager)
Limited partner:
GK
Grundstücksverwaltung GmbH & Co. KG
Sinnerthaler
Weg 7
D 66538
Neunkirchen
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 2,000.00
contribution:
Share: EUR 1,000.00
Registered
on: 11.06.2012
Reg.
data: 66121 Saarbrücken, HRA 11261
Shareholder:
GK Geschäftsführung GmbH
Sinnerthaler Weg 7
D 66538
Neunkirchen
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 23.05.2012
Reg.
data: 66121 Saarbrücken, HRB 100254
Manager:
GK
Geschäftsführung GmbH
Sinnerthaler Weg 7
D 66538
Neunkirchen
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 23.05.2012
Reg.
data: 66121 Saarbrücken, HRB 100254
COMPANY
HISTORY
company name and legal form
31.12.2001 - 21.09.2017
SGGT Hydraulik GmbH
Sinnerthaler Weg 7
D
66538 Neunkirchen
Private limited company
31.01.2001 - 31.12.2001
SGGT Hydraulik GmbH
Bahnhofstr. 35-40
D
66564 Ottweiler
Private limited company
18.10.2000 - 31.12.2000
Societas Neunte
Vermögensverwaltungsgesellschaft mbH
Landwehrplatz 6-7
D
66111 Saarbrücken
Private limited company
BUSINESS
ACTIVITIES
Main industrial sector
28130 Manufacture of pumps
and compressors n.e.c.
46693 Wholesale of other
equipment and accessories for machinery and technical supplies
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 Betzenhölle 24
D 66538 Neunkirchen
Real Estate of: Gregor Przybylla
Type of ownership: unknown
Address Nelkenweg 1
D 66636 Tholey
Land register documents were not available.
BANKERS
Principal banks
BANK 1 SAAR, 66538 NEUNKIRCHEN
Sort. code: 59190000, Account no.: 301613008
BIC: SABADE5SXXX, IBAN: DE60591900000301613008
COMMERZBANK, 66005 SAARBRÜCKEN
Sort. code: 59040000, Account no.: 552032500
BIC: COBADEFFXXX, IBAN: DE22590400000552032500
DEUTSCHE BANK PRIVAT UND GESCHÄFTSKUNDEN, 66111 SAARBRÜCKEN
Sort. code: 59070070, Account no.: 12954400
BIC: DEUTDEDB595, IBAN: DE23590700700012954400
FINANCIAL
FIGURES
Turnover:
2016 EUR 2,939,000.00
Expected turnover: EUR 3,200,000.00
Profit:
2016 EUR 40,000.00
Equipment: *EUR 75,000.00
Ac/ts receivable: EUR 157,999.00
Liabilities: EUR 544,650.00
Total numbers of vehicles: 5
- Lorries:
1
- Passenger cars:
4
Employees:
17
- thereof permanent staff: 13
- Part-time employees: 4
The business figures marked with an asterisk are estimates based
on average values in the
line of business.
BALANCE SHEETS
Balance sheet ratios 01.01.2016
- 31.12.2016
Equity ratio [%]:
24.51
Liquidity ratio:
1.30
Return on total capital [%]:
0.53
Balance sheet ratios 01.01.2015
- 31.12.2015
Equity ratio [%]:
32.89
Liquidity ratio:
0.76
Return on total capital [%]:
0.02
Balance sheet ratios 01.01.2014
- 31.12.2014
Equity ratio [%]:
34.90
Liquidity ratio:
1.09
Return on total capital [%]:
0.11
Balance sheet ratios 01.01.2013
- 31.12.2013
Equity ratio [%]:
27.05
Liquidity ratio:
1.14
Return on total capital [%]:
2.27
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 1,263,477.38
Fixed assets EUR 93,709.71
Intangible assets EUR 24,607.74
Tangible assets EUR 68,851.97
Financial assets EUR 250.00
Current assets EUR 1,156,279.44
Stocks EUR 339,532.30
Accounts receivable EUR 713,342.04
Liquid means EUR 103,405.10
Remaining other assets EUR 13,488.23
Accruals (assets) EUR 13,488.23
LIABILITIES EUR 1,263,477.38
Shareholders' equity EUR 201,911.81
Capital EUR 100,000.00
Subscribed capital (share capital) EUR 100,000.00
Balance sheet profit/loss (+/-) EUR 101,911.81
Profit / loss brought forward EUR 95,307.48
Annual surplus / annual deficit EUR 6,604.33
Provisions EUR 293,498.11
Liabilities EUR 768,067.46
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 908,167.27
Fixed assets EUR 111,132.75
Intangible assets EUR 34,585.54
Tangible assets EUR 76,297.21
Financial assets EUR 250.00
Other / unspecified financial assets
EUR 250.00
Current assets EUR 764,853.71
Stocks EUR 384,273.18
Accounts receivable EUR 157,998.94
Liquid means EUR 222,581.59
Remaining other assets EUR 32,180.81
Accruals (assets) EUR 18,408.11
Active difference from asset
offsetting EUR 13,772.70
LIABILITIES EUR 908,167.27
Shareholders' equity EUR 195,307.48
Capital EUR 100,000.00
Subscribed capital (share capital) EUR 100,000.00
Balance sheet profit/loss (+/-) EUR 95,307.48
Profit / loss brought forward EUR 95,142.68
Annual
surplus / annual deficit EUR 164.80
Provisions EUR 168,209.83
Liabilities EUR 544,649.96
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.53 |
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1 |
INR 86.05 |
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Euro |
1 |
INR 76.53 |
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Euro |
1 |
INR 77.62 |
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 : |
TRU |
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.