|
|
|
MIRA INFORM REPORT
|
Report No. : |
516520 |
|
Report Date : |
23.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
HOLZINDUSTRIE SCHWEIGHOFER GMBH |
|
|
|
|
Registered Office : |
Industriestr. 1, D 02923 Kodersdorf |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
30.06.2015 |
|
|
|
|
Com. Reg. No.: |
HRB 34686 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
· Logging · Sawmilling and planning of wood · Wholesale of raw and cut wood · Wholesale of other wooden semi-finished goods and construction materials |
|
|
|
|
No. of Employees : |
274 |
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 : |
Slow but Correct |
|
|
|
|
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 (31.12.2017) |
Current Rating (01.04.2018) |
|
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 economic 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, investment, and exports are likely to drive German GDP growth in 2018, and the country’s budget and trade surpluses are likely to remain high.
|
Source
: CIA |
Company
name and address
HOLZINDUSTRIE
SCHWEIGHOFER GMBH
Company Status: Active
Industriestr. 1
D 02923 Kodersdorf
Telephone:035825/6180
Telefax: 035825/618100
Homepage: www.schweighofer.at
E-mail: office@schweighofer.eu
Company
Summary
LEGAL FORM Private limited company
Date of foundation: 30.06.2015
Shareholders'
agreement: 30.06.2015
Registered on: 07.09.2015
Commercial Register: Local court 01069 Dresden
under: HRB 34686
Share
capital
EUR 25,000.00
Shareholder:
SPB Industrieinvest GmbH
A Wien
Legal form: Other legal form
Share: EUR 25,000.00
Reg. data: 21335 Lüneburg,
Manager:
Jürgen Wolfgang Bergner
A Wilfersdorf
having sole power of representation
born: 02.03.1977
Nationality: Austrian
Manager:
Christian Hörburger
A Wien
having sole power of representation
born: 03.11.1965
Nationality: Austrian
COMPANY
HISTORY
Company name and legal form
29.07.2015 - 07.09.2015 Holzindustrie Schweighofer GmbH
Torstr. 138
D 10119 Berlin
Private limited company
30.06.2015 - 29.07.2015 aptus 1002. GmbH
Torstr. 138
D 10119 Berlin
Private limited company
RESIGNED ACTING PERSONS AND SHAREHOLDERS
21.02.2017 - 04.04.2018 Manager
Anton Putz
A Wien
17.08.2015 - 09.02.2017 Manager
Dr. Georg Erlacher
A Krems
08.07.2015 - 05.08.2015 Manager
Cornelia Wendt
Torstr. 138
D 10119 Berlin
BUSINESS
ACTIVITIES
Main industrial sector
0220 Logging
1610 Sawmilling and planing of wood
46732 Wholesale of raw and cut wood
46733 Wholesale of other wooden semi-finished goods and construction materials
FINANCIAL
INFORMATION
Payment experience: within periods customary in this trade
Negative information: We have no negative information at hand.
Balance sheet year: 2016
REAL
ESTATE
Type of ownership: Tenant
Address Industriestr. 1
D 02923 Kodersdorf
Land register documents were not available.
BANKERS
A bank connection is unknown.
FINANCIAL
FIGURES
Turnover: 2016 EUR 112,886,927.00
2017 EUR 113,000,000.00
Profit: 2016 EUR -6,152,214.00
further business
figures:
Equipment: EUR 2,159,254.00
Ac/ts
receivable:
EUR 16,572,044.00
Liabilities: EUR 96,903,977.00
Employees: 274
BALANCE
SHEETS
Balance sheet ratios
01.01.2016 - 31.12.2016
Equity ratio
[%]: 28.89
Liquidity
ratio: 0.32
Return on total
capital [%]: -7.66
Balance sheet ratios
30.06.2015 - 31.12.2015
Equity ratio
[%]: 28.64
Liquidity
ratio: 0.10
Return on total
capital [%]: -5.71
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 99,778,998.73
Fixed assets EUR 56,320,930.25
Intangible assets EUR 18,539,414.87
Concessions, licences, rights EUR 9,396,622.21
Goodwill EUR 9,142,792.66
Tangible assets EUR 37,781,515.38
Land / similar rights EUR 12,190,543.74
Plant / machinery EUR 23,256,270.36
Other tangible assets / fixtures and
fittings EUR 2,159,253.96
Advance payments made / construction
in progress EUR 175,447.32
Current assets EUR 33,119,115.31
Stocks EUR 13,949,712.56
Raw materials, consumables and
supplies EUR 5,947,036.51
Finished goods / work in progress EUR 5,367,496.15
Advance payments made EUR 2,635,179.90
Accounts receivable EUR 16,572,043.58
Trade debtors EUR 14,603,600.36
Amounts due from related companies EUR
1,085,333.68
Other debtors and assets EUR 883,109.54
Liquid means EUR 2,597,359.17
Remaining other assets EUR 10,338,953.17
Accruals (assets) EUR 10,211.03
Deficit not covered by shareholders'
equity EUR 10,328,742.14
LIABILITIES EUR 99,778,998.73
Shareholders' equity EUR 0.00
Capital EUR 25,000.00
Subscribed capital (share capital) EUR 25,000.00
Balance sheet profit/loss (+/-) EUR -10,353,742.14
Profit / loss brought forward EUR
-4,201,527.72
Annual surplus / annual deficit EUR -6,152,214.42
Other shareholders' equity (+/-) EUR 10,328,742.14
Deficit not covered by shareholders'
equity EUR 10,328,742.14
Provisions EUR 2,869,400.00
Other / unspecified provisions EUR 2,869,400.00
Liabilities EUR 96,903,977.25
Financial debts EUR 43,818,682.14
Liabilities due to banks EUR 43,818,682.14
Other liabilities EUR 53,085,295.11
Trade creditors (for IAS incl. bills
of exchange) EUR 7,670,564.13
Liabilities due to shareholders
EUR 42,672,477.77
Liabililties due to related
companiesEUR 2,290,738.57
Unspecified other liabilities EUR 451,514.64
thereof liabilities from tax /
financial authorities EUR 67,757.18
thereof liabilities from social
security EUR 1,294.00
Other liabilities EUR 5,621.48
Deferrals (liabilities) EUR 5,621.48
PROFIT AND LOSS
ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Sales EUR 112,886,927.08
Inventory change + own costs (+/-) EUR 735,307.40
Inventory change (+/-) EUR 735,307.40
Other operating income EUR 1,203,209.91
Cost of materials EUR 73,152,127.89
Raw materials and supplies, purchased
goods EUR 69,122,461.53
Purchased services EUR 4,029,666.36
Gross result (+/-) EUR 41,673,316.50
Staff expenses EUR 8,724,890.24
Wages and salaries EUR
7,167,621.55
Social security contributions and
expenses for pension plans and
benefits EUR 1,557,268.69
Total depreciation EUR 13,410,770.51
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 13,410,770.51
Other operating expenses EUR 24,812,067.71
Operating result from continuing
operations EUR
-5,274,411.96
Interest result (+/-) EUR -848,910.99
Interest and similar income EUR 563.56
Interest and similar expenses EUR 849,474.55
thereof paid to related companies EUR 284,666.68
Financial result (+/-) EUR -848,910.99
Result from ordinary operations (+/-) EUR
-6,123,322.95
Other taxes / refund of taxes EUR -28,891.47
Tax (+/-) EUR -28,891.47
Annual surplus / annual deficit EUR -6,152,214.42
Type of balance
sheet: Company balance sheet
Origin of the
present balance sheet: electronic
German Federal Gazette
Financial year: 30.06.2015
- 31.12.2015
ASSETS EUR 87,619,912.91
Fixed assets EUR 66,268,648.82
Intangible assets EUR 26,922,687.89
Concessions, licences, rights EUR 17,114,964.86
Goodwill EUR 9,807,723.03
Tangible assets EUR 39,345,960.93
Land / similar rights EUR 12,951,795.98
Plant / machinery EUR 24,071,495.89
Other tangible assets / fixtures and
fittings EUR 2,251,739.14
Advance payments made / construction
in progress EUR 70,929.92
Current assets EUR 17,173,110.45
Stocks EUR 11,316,763.74
Raw materials, consumables and
supplies EUR 5,058,156.40
Finished goods / work in progress EUR
4,632,188.75
Advance payments made EUR 1,626,418.59
Accounts receivable EUR 5,120,272.75
Amounts due from shareholders EUR 0.00
Trade debtors EUR 2,112,609.37
Amounts due from related companies EUR
2,517,399.35
Other debtors and assets EUR 490,264.03
Liquid means EUR 736,073.96
Remaining other assets EUR 4,178,153.64
Accruals (assets) EUR 1,625.92
Deficit not covered by shareholders'
equity EUR 4,176,527.72
LIABILITIES EUR 87,619,912.91
Shareholders' equity EUR 0.00
Capital EUR 25,000.00
Subscribed capital (share capital) EUR 25,000.00
Balance sheet profit/loss (+/-) EUR -4,201,527.72
Annual surplus / annual deficit EUR -4,201,527.72
Other shareholders' equity (+/-) EUR 4,176,527.72
Deficit not covered by shareholders'
equity EUR 4,176,527.72
Provisions EUR 1,137,000.00
Other / unspecified provisions EUR 1,137,000.00
Liabilities EUR 86,482,912.91
Financial debts EUR 46,082,106.94
Liabilities due to banks EUR 46,082,106.94
Other liabilities EUR 40,400,805.97
Trade creditors (for IAS incl. bills
of exchange) EUR 4,766,875.77
Liabilities due to shareholders EUR 35,071,555.56
Liabililties due to related
companiesEUR 228,098.10
Unspecified other liabilities EUR 334,276.54
thereof liabilities from tax /
financial authorities EUR 40,030.13
thereof liabilities from social
security EUR 1,538.00
PROFIT AND LOSS
ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Sales EUR 9,832,734.38
Inventory change + own costs (+/-) EUR 4,632,188.75
Inventory change (+/-) EUR 4,632,188.75
Other operating income EUR 158,119.72
Cost of materials EUR 10,973,203.66
Raw materials and supplies, purchased
goods EUR 10,717,148.57
Purchased services EUR 256,055.09
Gross result (+/-) EUR 3,649,839.19
Staff expenses EUR 1,728,427.12
Wages and salaries EUR 1,433,438.45
Social security contributions and
expenses for pension plans and
benefits EUR 294,988.67
Total depreciation EUR 3,311,114.37
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 3,311,114.37
Other operating expenses EUR 2,579,825.73
Operating result from continuing
operations EUR -3,969,528.03
Interest result (+/-) EUR -225,262.69
Interest and similar income EUR 2,423.70
thereof from related companies EUR 0.00
Interest and similar expenses EUR 227,686.39
thereof paid to related companies EUR
121,411.12
Financial result (+/-) EUR -225,262.69
Result from ordinary operations (+/-) EUR
-4,194,790.72
Other taxes / refund of taxes EUR -6,737.00
Tax (+/-) EUR -6,737.00
Annual surplus / annual deficit EUR -4,201,527.72
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 67.77 |
|
|
1 |
INR 89.96 |
|
Euro |
1 |
INR 78.86 |
|
EUR |
1 |
INR 79.18 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRI |
|
|
|
|
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.