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MIRA INFORM REPORT
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Report No. : |
487250 |
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Report Date : |
19.01.2018 |
IDENTIFICATION DETAILS
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Name : |
CARL SCHMALE GMBH & CO. |
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Registered Office : |
Lindhorststr. 12, D 48607 Ochtrup, Post Box:13 41, D 48602
Ochtrup |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
01.01.1962 |
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Com. Reg. No.: |
HRA 1379 |
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Legal Form : |
Limited partnership with private limited company as general
partner |
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Line of Business : |
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Manufacture of machinery for textile,
apparel and leather production ·
Wholesale of machinery for the
textile industry and of sewing and knitting machines |
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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 : |
Slow but Correct |
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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
Report on: Carl Schmale GmbH & Co.
Lindhorststr. 12
D 48607 Ochtrup
Post Box:
13 41, D 48602 Ochtrup
Telephone: 02553/7401
Telefax: 02553/7439
Homepage: www.schmale.com
E-mail: info@schmale.com
Company Status: active
VAT no.: DE124380895
Company
Summery
Legal Form Ltd partnership with priv. ltd. company
as general partner
Date of foundation: 01.01.1962
Registered on: 13.04.1962
Register of
companies: Local court 48565 Steinfurt
under: HRA 1379
Total cap. contribution: EUR 173,839.24
Limited partner:
Carl
Schmale
Canisiusstr. 3
D 48607
Ochtrup
born:
02.07.1952 in Ochtrup
Share: EUR 173,839.24
General partner:
Verwaltungsgesellschaft Schmale,
Gesellschaft mit beschränkter Haftung
Lindhorststr. 12
D 48607 Ochtrup
Legal
form: Private limited company
Share
capital: EUR 25,564.59
Registered on: 21.12.1973
Reg.
data: 48565 Steinfurt, HRB 1172
Shareholder:
Carl
Schmale
Canisiusstr. 3
D 48607
Ochtrup
born:
02.07.1952 in Ochtrup
Share: EUR 25,564.59
Manager:
Carl Schmale
Canisiusstr. 3
D 48607
Ochtrup
born:
02.07.1952 in Ochtrup
Profession: graduate engineer
Marital
status: married
BUSINESS
ACTIVITIES
Main industrial sector
2894 Manufacture of
machinery for textile, apparel and leather production
4664 Wholesale of
machinery for the textile industry and of sewing and knitting machines
FINANCIAL
INFORMATION
Payment experience: Slow but Correct
Negative information: We
have no negative information at hand.
REAL
ESTATE
Type of ownership: Tenant
Address
Lindhorststr. 12
D 48607
Ochtrup
Real Estate of:
Verwaltungsgesellschaft Schmale,
Gesellschaft mit
beschränkter Haftung
Type of ownership: Tenant
Address
Lindhorststr. 12
D 48607
Ochtrup
Land register documents were not available.
BANKERS
VERBUNDSPARKASSE EMSDETTEN OCHTRUP, 48602 OCHTRUP
Sort. code: 40153768
BIC: WELADED1EMS
DEUTSCHE BANK, 48403 RHEINE
Sort. code: 40370079
BIC: DEUTDE3B403
VOLKSBANK, 48602 OCHTRUP
Sort. code: 40164618
BIC: GENODEM1OTR
FINANCIAL
FIGURES
Ac/ts receivable: EUR 1,840,154.00
Liabilities: EUR 806,148.00
Employees:
25
BALANCE
SHEETS
Balance sheet ratios 01.01.2016 - 31.12.2016
Equity ratio [%]:
4.34
Balance sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]:
4.88
Liquidity ratio:
10.00
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]:
4.50
Liquidity ratio: 10.00
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]:
3.19
Liquidity ratio:
1.54
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.
Financials
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 3,176,127.64
Fixed assets EUR 42,100.00
Intangible assets EUR 11,409.00
Tangible assets EUR 30,531.00
Financial assets EUR 160.00
Current assets EUR 3,098,253.11
Stocks EUR 398,989.98
Accounts receivable EUR 1,840,154.10
Liquid means EUR 859,109.03
Remaining other assets EUR 35,774.53
Accruals (assets) EUR 2,565.53
Deferred taxes
(assets) EUR 33,209.00
LIABILITIES EUR 3,176,127.64
Shareholders' equity EUR 173,839.23
Capital EUR 173,839.23
Provisions EUR 2,196,140.00
Liabilities EUR 806,148.41
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 2,730,666.26
Fixed assets EUR 50,487.00
Intangible assets EUR 11,351.00
Tangible assets EUR 38,976.00
Financial assets EUR 160.00
Other / unspecified
financial assets EUR
160.00
Current assets EUR 2,640,580.73
Stocks EUR 424,945.72
Accounts receivable EUR 1,205,735.51
Liquid means EUR 1,009,899.50
Remaining other assets EUR 39,598.53
Accruals (assets) EUR 2,565.53
Deferred taxes
(assets) EUR 37,033.00
LIABILITIES EUR 2,730,666.26
Shareholders' equity EUR 173,839.23
Capital EUR 173,839.23
Limited partner's capital
/ capital
of partially liable
partner (LP) EUR 173,839.23
Provisions EUR 1,898,546.00
Liabilities EUR 658,281.03
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.84 |
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1 |
INR 88.28 |
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Euro |
1 |
INR 77.88 |
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Euro |
1 |
INR 78.31 |
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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VIV |
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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.