|
|
|
MIRA INFORM REPORT
|
Report No. : |
486767 |
|
Report Date : |
24.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
UMA-SCHREIBGERÄTE ULLMANN GMBH |
|
|
|
|
Registered Office : |
Fritz-Ullmann-Weg 3, D 77716 Fischerbach, Post Box: 13 62, D 77712
Fischerbach |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2015 |
|
|
|
|
Date of Incorporation : |
14.09.1948 |
|
|
|
|
Com. Reg. No.: |
HRB 680488 |
|
|
|
|
Legal Form : |
Private Limited
Company |
|
|
|
|
Line of Business : |
Other Manufacturing N.E.C. |
|
|
|
|
No. of Employees : |
265 |
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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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 (30.06.2017) |
Current Rating (30.09.2017) |
|
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 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.
|
Source
: CIA |
Company
name & address
UMA-SCHREIBGERÄTE ULLMANN GMBH
Company Status: active
Fritz-Ullmann-Weg 3
D 77716 Fischerbach
Post Box:
13 62, D 77712 Fischerbach
Telephone:07832/707-0
Telefax:
07832/707-13
Homepage: www.uma-pen.com
E-mail:
info@uma-pen.com
VAT
no.: DE812514065
CONCLUSION
Business
relations are permissible.
LEGAL FORM Private Limited Company
Date of foundation: 14.09.1948
Shareholders'
agreement: 08.05.1998
Registered on: 09.06.1998
Commercial Register: Local court 79098
Freiburg
under:
HRB 680488
Share capital: EUR 130,000.00
Shareholder:
Hans-Peter Ullmann
Hansjakobstr. 5
D 77716 Fischerbach
born: 05.10.1957
Share: EUR 52,000.00
Shareholder:
Alexander Ullmann
D 77716 Fischerbach
born: 10.12.1979
Share: EUR 39,000.00
Shareholder:
Jochen Ullmann
Hansjakobstr. 5
D 77716 Fischerbach
born: 07.10.1981
Share: EUR 39,000.00
Manager:
Hans-Peter Ullmann
Hansjakobstr. 5
D 77716 Fischerbach
having sole power of
representation
born: 05.10.1957
Marital status: married
Manager:
Alexander Ullmann
D 77716 Fischerbach
having sole power of
representation
born: 10.12.1979
Manager:
Jochen Ullmann
Hansjakobstr. 5
D 77716 Fischerbach
having sole power of
representation
born: 07.10.1981
Profession: graduate
engineer
Marital status: unknown
Further functions/participations of Hans-Peter
Ullmann (Manager)
Limited partner:
PJA Verwaltungs- und
Beteiligungs-GmbH & Co.
KG
Fritz-Ullmann-Weg 3
D 77716 Fischerbach
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 2,000,000.00
contribution:
Share: EUR 800,000.00
Registered
on: 08.12.2015
Reg. data: 79098 Freiburg, HRA 704388
Shareholder:
HPU Verwaltungs-GmbH
Fritz-Ullmann-Weg 3
D 77716 Fischerbach
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 10,000.00
Registered
on: 07.12.2015
Reg. data: 79098 Freiburg, HRB 713914
Manager:
HPU Verwaltungs-GmbH
Fritz-Ullmann-Weg 3
D 77716 Fischerbach
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 07.12.2015
Reg. data: 79098 Freiburg, HRB 713914
Further functions/participations of Alexander
Ullmann (Manager)
General partner:
UMA - Design Fritz
Ullmann KG
D 77716 Fischerbach
Legal form: Limited
partnership
Limited partner:
PJA Verwaltungs- und
Beteiligungs-GmbH & Co.
KG
Fritz-Ullmann-Weg 3
D 77716 Fischerbach
Legal form: Ltd partnership with priv.
ltd.
company as
general partner
Total cap. EUR 2,000,000.00
contribution:
Share: EUR 600,000.00
Registered
on: 08.12.2015
Reg. data: 79098 Freiburg, HRA 704388
Shareholder:
HPU Verwaltungs-GmbH
Fritz-Ullmann-Weg 3
D 77716 Fischerbach
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 7,500.00
Registered
on: 07.12.2015
Reg. data: 79098 Freiburg, HRB 713914
Manager:
HPU Verwaltungs-GmbH
Fritz-Ullmann-Weg 3
D 77716 Fischerbach
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 07.12.2015
Reg. data: 79098 Freiburg, HRB 713914
Further functions/participations of Jochen
Ullmann (Manager)
General partner:
UMA - Design Fritz
Ullmann KG
D 77716 Fischerbach
Legal form: Limited
partnership
Limited partner:
PJA Verwaltungs- und
Beteiligungs-GmbH & Co.
KG
Fritz-Ullmann-Weg 3
D 77716 Fischerbach
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 2,000,000.00
contribution:
Share: EUR 600,000.00
Registered
on: 08.12.2015
Reg. data: 79098 Freiburg, HRA 704388
Shareholder:
HPU Verwaltungs-GmbH
Fritz-Ullmann-Weg 3
D 77716 Fischerbach
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 7,500.00
Registered
on: 07.12.2015
Reg. data: 79098 Freiburg, HRB 713914
Manager:
HPU Verwaltungs-GmbH
Fritz-Ullmann-Weg 3
D 77716 Fischerbach
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 07.12.2015
Reg. data: 79098 Freiburg, HRB 713914
COMPANY
HISTORY
company name and legal form
04.11.2005 - 2011 UMA-Schreibgeräte GmbH
Fritz-Ullmann-Weg 3
D 77716 Fischerbach
Private limited
company
14.09.1948 - 03.11.2005 F. u. M. Ullmann, UMA-Schreibgeräte GmbH
Fritz-Ullmann-Weg 3
D 77716 Fischerbach
Private limited
company
BUSINESS
ACTIVITIES
Main industrial sector
32990 Other
manufacturing n.e.c.
FINANCIAL
INFORMATION
Payment experience: Regular
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 Fritz-Ullmann-Weg 3
D 77716 Fischerbach
Real Estate of: Hans-Peter Ullmann
Type of ownership: Tenant
Address Hansjakobstr. 5
D 77716 Fischerbach
Real Estate of: Jochen Ullmann
Type of ownership: Tenant
Address Hansjakobstr. 5
D 77716 Fischerbach
Land register documents were not available.
BANKERS
VOLKSBANK KINZIGTAL, 77706 WOLFACH
Sort. code: 66492700, Account no.: 90090003
BIC: GENODE61KZT, IBAN: DE91664927000090090003
FINANCIAL
FIGURES
Equipment: EUR 922,539.00
Ac/ts receivable: EUR 5,484,389.00
Liabilities: EUR 5,129,623.00
Employees: 265
BALANCE
SHEETS
Balance sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]: 58.78
Liquidity ratio: 3.00
Return on total capital [%]: 19.93
Balance
sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 58.03
Liquidity ratio: 2.30
Return on total capital [%]: 20.77
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 61.00
Liquidity ratio: 4.92
Return on total capital [%]: 24.96
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 57.17
Liquidity ratio: 1.42
Return on total capital [%]: 25.00
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 16,433,265.68
Fixed assets
EUR 970,301.96
Intangible assets
EUR 39,413.00
Other / unspecified intangible assetsEUR 39,413.00
Tangible assets
EUR 922,540.00
Plant / machinery EUR 1.00
Other tangible assets / fixtures and
fittings
EUR 922,539.00
Financial assets
EUR 8,348.96
Shares in participations /
subsidiaries and the like
EUR 8,348.96
Shares in investee companies
EUR 8,348.96
Current assets
EUR 15,305,200.04
Stocks
EUR 6,955,049.64
Accounts receivable EUR 5,484,388.85
Amounts due from investee companies
EUR 2,589,040.66
Other debtors and assets
EUR 2,895,348.19
Liquid means
EUR 2,865,761.55
Remaining other assets
EUR 157,763.68
Accruals (assets)
EUR 157,763.68
LIABILITIES EUR 16,433,265.68
Shareholders' equity
EUR 9,434,645.99
Capital
EUR 130,000.00
Subscribed capital (share capital)
EUR 130,000.00
Reserves
EUR 8,000,000.00
Retained earnings / revenue reserves EUR 8,000,000.00
Balance sheet profit/loss (+/-)
EUR 1,304,645.99
Balance sheet profit / loss
EUR 1,304,645.99
Provisions
EUR 1,868,997.09
Liabilities EUR 5,129,622.60
Other liabilities
EUR 5,129,622.60
Unspecified other liabilities
EUR 5,129,622.60
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 16,737,784.64
Staff expenses
EUR 7,882,316.13
Wages and salaries
EUR 6,207,539.90
Social security contributions and
expenses for pension plans and
benefits
EUR 1,674,776.23
Total depreciation
EUR 395,098.74
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 379,098.74
Depreciation on current assets (+/-)
EUR 16,000.00
Other operating expenses
EUR 4,554,199.15
Operating result from continuing
operations
EUR 3,906,170.62
Interest result (+/-)
EUR 27,873.53
Interest and similar income
EUR 137,728.17
Interest and similar expenses
EUR 109,854.64
Other financial result EUR -572.04
Depreciation on financial assets and
marketable securities
EUR 572.04
Financial result (+/-)
EUR 27,301.49
Result from ordinary operations (+/-)
EUR 3,933,472.11
Income tax / refund of income tax (+/-)EUR -1,161,099.76
Other taxes / refund of taxes
EUR -17,480.51
Tax
(+/-)
EUR -1,178,580.27
Annual surplus / annual deficit
EUR 2,754,891.84
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 14,428,426.97
Fixed assets
EUR 940,326.53
Intangible assets
EUR 31,484.00
Other / unspecified intangible assetsEUR 31,484.00
Tangible assets EUR 899,921.53
Plant / machinery
EUR 1.00
Other tangible assets / fixtures and
fittings
EUR 807,663.00
Advance
payments made / construction
in progress
EUR 92,257.53
Financial assets
EUR 8,921.00
Shares in participations /
subsidiaries and the like
EUR 8,921.00
Shares in investee companies
EUR 8,921.00
Current assets
EUR 13,400,419.12
Stocks
EUR 5,916,266.64
Accounts receivable
EUR 5,246,032.83
Amounts due from investee companies
EUR 2,501,726.04
Other debtors and assets
EUR 2,744,306.79
Liquid means
EUR 2,238,119.65
Remaining other assets EUR 87,681.32
Accruals (assets)
EUR 87,681.32
LIABILITIES EUR 14,428,426.97
Shareholders' equity
EUR 9,429,754.15
Capital EUR 130,000.00
Subscribed capital (share capital)
EUR 130,000.00
Reserves
EUR 8,000,000.00
Retained earnings / revenue reserves EUR 8,000,000.00
Balance
sheet profit/loss (+/-) EUR 1,299,754.15
Balance sheet profit / loss
EUR 1,299,754.15
Provisions
EUR 1,567,161.13
Liabilities
EUR 3,431,511.69
Other liabilities
EUR 3,431,511.69
Unspecified other liabilities
EUR 3,431,511.69
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-) EUR
15,564,455.89
Staff expenses
EUR 7,412,644.73
Wages and salaries
EUR 5,953,258.12
Social security contributions and
expenses for pension plans and
benefits EUR 1,459,386.61
Total depreciation
EUR 534,861.45
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 334,861.45
Depreciation on current assets (+/-)
EUR 200,000.00
Other operating expenses
EUR 4,099,032.87
Operating result from continuing
operations
EUR 3,517,916.84
Interest result (+/-)
EUR 112,954.52
Interest and similar income
EUR 149,009.39
Interest and similar expenses
EUR 36,054.87
Other financial result
EUR -507.38
Depreciation
on financial assets and
marketable securities
EUR 507.38
Financial result (+/-)
EUR 112,447.14
Result from ordinary operations (+/-)
EUR 3,630,363.98
Income tax / refund of income tax (+/-)EUR -1,125,842.56
Other taxes / refund of taxes
EUR -30,827.97
Tax
(+/-)
EUR -1,156,670.53
Annual surplus / annual deficit
EUR 2,473,693.45
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.77 |
|
|
1 |
INR 89.20 |
|
Euro |
1 |
INR 78.22 |
|
EUR |
1 |
INR 78.55 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TPT |
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.