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MIRA INFORM REPORT
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Report No. : |
487396 |
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Report Date : |
27.01.2018 |
IDENTIFICATION DETAILS
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Name : |
GÜTHLE PRESSENSPANNEN GMBH |
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Registered Office : |
Gottlieb-Haefele-Str. 9, D 73061
Ebersbach |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
11.05.2007 |
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Com. Reg. No.: |
HRB 721554 |
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Legal Form : |
Private limited company |
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Line of Business : |
· Manufacture of tools ·
Manufacture of chucking tools and other
machine tool components |
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No. of Employees : |
50 |
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 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: Güthle
Pressenspannen GmbH
Company Status: active
Gottlieb-Haefele-Str. 9
D 73061 Ebersbach
Telephone: 07163/9909-0
Telefax:
07163/9909-90
Homepage: www.guethle-swt.de
E-mail:
tech-info@guethle-swt.de
VAT no.: DE256295041
CONCLUSION
Business relations are permissible.
Company
summary
Legal Form Private
limited company
Date of foundation: 11.05.2007
Shareholders'
agreement: 11.05.2007
Registered on: 02.11.2007
Commercial Register: Local court 89073 Ulm
under: HRB
721554
Share capital: EUR 25,000.00
Shareholder:
Andreas Maier GmbH &
Co. KG
Waiblinger Str. 116
D 70734 Fellbach
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR 2,484,000.00
contribution:
Share: EUR 25,000.00
Registered on: 23.08.1920
Reg. data: 70190
Stuttgart, HRA 260108
Manager:
Johannes Maier
D 70734 Fellbach
having sole power of
representation
born: 30.12.1967
Profession: Management
expert
Marital status: married
Further functions/participations of Johannes
Maier (Manager)
General partner:
Andreas Maier GmbH &
Co. KG
Waiblinger Str. 116
D 70734 Fellbach
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 2,484,000.00
contribution:
Registered
on: 23.08.1920
Reg. data: 70190 Stuttgart, HRA 260108
Shareholder:
AMF Werkzeug GmbH
Waiblinger Str. 116
D 70734 Fellbach
Legal form: Private
limited company
Share capital: EUR 55,000.00
Share: EUR 17,050.00
Registered
on: 23.09.1982
Reg. data: 70190 Stuttgart, HRB 261588
Shareholder:
MAHLE-STIFTUNG GmbH
Leibnizstr. 35
D 70193 Stuttgart
Legal form: Private
limited company
Share capital: EUR 28,700.00
Share: EUR 4,100.00
Registered
on: 25.02.1965
Reg. data: 70190 Stuttgart, HRB 2989
Manager:
AMF Werkzeug GmbH
Waiblinger Str. 116
D 70734 Fellbach
Legal form: Private
limited company
Share capital: EUR 55,000.00
Registered
on: 23.09.1982
Reg. data: 70190 Stuttgart, HRB 261588
Manager:
Pflüger Präzision GmbH
Erich-Blum-Str. 64
D 71665 Vaihingen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 18.11.2014
Reg. data: 70190 Stuttgart, HRB 750735
Manager:
Osma Apparate-und
Maschinenbau Gesellschaft
mit beschränkter Haftung
Neuenburger Str. 25
D 79379 Müllheim
Legal form: Private
limited company
Share capital: EUR 102,258.38
Registered
on: 29.03.1962
Reg. data: 79098 Freiburg, HRB 300018
Manager:
NC-Automation GmbH
Ludwigstr. 86
D 87437 Kempten
Legal form: Private
limited company
Share capital: EUR 30,677.51
Registered
on: 01.10.1998
Reg. data: 87435 Kempten, HRB 6587
Manager:
Stromberg Spannwerkzeug
GmbH
Waiblinger Str. 118
D 70734 Fellbach
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 25.01.1984
Reg. data: 70190 Stuttgart, HRB 261779
Member of the Board of Directors:
EURYTHMEUM
Zur Uhlandshöhe 8
D 70188 Stuttgart
Legal form: Registered
association
Registered
on: 30.10.1959
Reg. data: 70190 Stuttgart, VR 1324
COMPANY
HISTORY
company name and legal form
02.08.2007 - 02.11.2007 Kronen tausend131 GmbH
Königsallee
102
D 40215 Düsseldorf
Private limited
company
BUSINESS
ACTIVITIES
Main industrial sector
2573
Manufacture of tools
Secondary industrial sector
28493 Manufacture
of chucking tools and other machine tool components
FINANCIAL
INFORMATION
Payment experience: No
complaints
Negative information: We have no negative information at hand.
Balance sheet year: 2016
REAL
ESTATE
Type of ownership: proprietor
Share: 100.00 %
Address Gottlieb-Haefele-Str.
9
D 73061 Ebersbach
Type of real estate: factory building
Land register documents were not available.
BANKERS
Principal bank
VOLKSBANK
GÖPPINGEN, 73013 GÖPPINGEN
Sort. code: 61060500, Account no.: 490211003
BIC: GENODES1VGP, IBAN: DE17610605000490211003
FINANCIAL
FIGURES
Turnover: 2016 EUR 6,800,000.00
2017 EUR
7,000,000.00
Profit: 2016 EUR 152,778.00
further business figures:
Ac/ts receivable: EUR 899,508.00
Liabilities: EUR 2,017,550.00
Employees:
50
BALANCE
SHEETS
Balance sheet ratios 01.01.2016 - 31.12.2016
Equity ratio [%]: 37.18
Liquidity ratio: 0.49
Return on total capital [%]: 4.28
Balance sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]: 33.90
Liquidity ratio: 0.52
Return on total capital [%]: 0.61
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 32.53
Liquidity ratio: 0.49
Return on total capital [%]: 7.50
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 26.20
Liquidity ratio: 0.29
Return on total capital [%]: -5.02
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 3,650,988.32
Fixed assets
EUR 1,292,301.58
Intangible assets EUR 152,469.58
Tangible assets
EUR 1,139,582.00
Financial assets
EUR 250.00
Current assets
EUR 2,309,908.59
Stocks EUR 1,241,757.84
Accounts receivable
EUR 899,507.76
Liquid means
EUR 168,642.99
Remaining other assets
EUR 48,778.15
Accruals
(assets) EUR 45,949.15
Deferred taxes (assets)
EUR 2,829.00
LIABILITIES EUR 3,650,988.32
Shareholders' equity
EUR 1,407,196.99
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR 1,382,196.99
Profit / loss brought forward
EUR 1,229,419.45
Annual surplus / annual deficit
EUR 152,777.54
Provisions
EUR 226,241.12
Liabilities
EUR 2,017,550.21
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 3,558,961.23
Fixed assets EUR 1,305,599.07
Intangible assets
EUR 137,403.07
Tangible assets
EUR 1,167,946.00
Financial assets
EUR 250.00
Current assets EUR 2,193,818.64
Stocks
EUR 1,012,921.44
Accounts receivable
EUR 1,020,203.95
Liquid means
EUR 160,693.25
Remaining
other assets EUR 59,543.52
Accruals (assets)
EUR 55,804.52
Deferred taxes (assets)
EUR 3,739.00
LIABILITIES EUR 3,558,961.23
Shareholders' equity
EUR 1,254,419.45
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR 1,229,419.45
Profit / loss brought forward
EUR 1,208,045.84
Annual surplus / annual deficit
EUR 21,373.61
Provisions
EUR 186,440.48
Liabilities EUR 2,118,101.30
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.64 |
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1 |
INR 89.32 |
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Euro |
1 |
INR 78.45 |
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Euro |
1 |
INR 79.02 |
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
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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.