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MIRA INFORM REPORT
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Report No. : |
494036 |
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Report Date : |
01.03.2018 |
IDENTIFICATION DETAILS
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Name : |
FISCHER ROHSTOFFE GMBH |
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Registered Office : |
Am Waldeck 6, D 77855 Achern |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
2003 |
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Com. Reg. No.: |
HRB 220982 |
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Legal Form : |
Private Limited
Company |
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Line of Business : |
· Non-specialized wholesale of raw materials and half-finished and finished goods ·
Freight transport by road ·
Forwarding agency ·
Service activities incidental to
transportation n.e.c. |
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No. of Employees : |
Not Available |
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 (30.09.2017) |
Current Rating (31.12.2017) |
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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
& address
FISCHER ROHSTOFFE GMBH
Company Status: active
Am Waldeck 6
D 77855 Achern
Telephone:07843/9943-0
Telefax:
07843/9943-19
Homepage: www.fischergruppe.eu
E-mail:
info@fischergruppe.eu
VAT
no.: DE230251897
CONCLUSION
Business relations are permissible.
LEGAL FORM Private Limited Company
Date of foundation: 2003
Shareholders'
agreement: 16.05.2003
Registered on: 22.07.2003
Commercial Register: Local court 68159
Mannheim
under: HRB 220982
Share capital: EUR
25,000.00
Shareholder:
FISCHER GmbH
Am Waldeck 6
D 77855 Achern
Legal form: Private
limited company
Share capital: EUR
1,500,000.00
Share: EUR 25,000.00
Registered on: 19.12.2003
Reg. data: 68159
Mannheim, HRB 220904
Manager:
Stephan Fischer
In den Erlen 21
D 77887 Sasbachwalden
having sole power of
representation
born: 05.04.1978
Profession: Industrial
manager
Manager:
Marco Geiler
Ackermatte 26a
D 77770 Durbach
having sole power of
representation
born: 07.05.1976
Marital status: unknown
Manager:
Arne Koch
D 26209 Hatten
having sole power of
representation
born: 03.11.1980
Proxy:
Stefan Hach
D 67677
Enkenbach-Alsenborn
having sole power of representation
born: 16.02.1982
Proxy:
Thuan Ping Frese
D 28876 Oyten
having sole power of
representation
born: 21.08.1982
Further functions/participations of Stephan
Fischer (Manager)
Limited partner:
Stephan FISCHER Holding
GmbH & Co. KG
Am Waldeck 6
D 77855 Achern
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 100,000.00
contribution:
Share: EUR 100,000.00
Registered
on: 27.01.2017
Reg. data: 68159 Mannheim, HRA 707333
Shareholder:
Stephan Fischer
Verwaltungs GmbH
Am Waldeck 6
D 77855 Achern
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 29.10.2015
Reg. data: 68159 Mannheim, HRB 723300
Manager:
Handelshaus FISCHER GmbH
Am Waldeck 6
D 77855 Achern
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 11.09.2006
Reg. data: 68159 Mannheim, HRB 700916
Manager:
FISCHER Kunststoffe &
Sekundärrohstoffe GmbH
Ziegelscheune 1b
D 09496 Marienberg
Legal form: Private
limited company
Share capital: EUR
25,000.00
Registered
on: 03.03.2008
Reg. data: 09112 Chemnitz, HRB 24056
Manager:
Stephan Fischer
Verwaltungs GmbH
Am Waldeck 6
D 77855 Achern
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 29.10.2015
Reg. data:
68159 Mannheim, HRB 723300
Manager:
recyplast GmbH
In der Struth 19
D 56204 Hillscheid
Legal form: Private
limited company
Share capital: EUR 26,000.00
Registered
on: 06.01.2000
Reg. data: 56410 Montabaur, HRB 6312
Manager:
FISCHER GmbH
Am Waldeck 6
D 77855 Achern
Legal form: Private
limited company
Share capital: EUR 1,500,000.00
Registered
on: 19.12.2003
Reg. data: 68159 Mannheim, HRB 220904
Liquidator:
FINOTEC GmbH
Am Waldeck 6
D 77855 Achern
Legal form: Private
limited company in
liquidation
Share capital: EUR 25,000.00
Registered
on: 16.12.2013
Reg. data: 68159 Mannheim, HRB 718458
Further functions/participations of Marco
Geiler (Manager)
Shareholder:
recyplast GmbH
In der Struth 19
D 56204 Hillscheid
Legal form: Private
limited company
Share capital: EUR 26,000.00
Share: EUR 2,600.00
Registered
on: 06.01.2000
Reg. data: 56410 Montabaur, HRB 6312
Manager:
FISCHER GmbH
Am Waldeck 6
D 77855 Achern
Legal form: Private
limited company
Share capital: EUR 1,500,000.00
Registered
on: 19.12.2003
Reg. data: 68159 Mannheim, HRB 220904
Manager:
Romplast PE-Regenerat
GmbH
Philipp-Reis-Str. 25
D 63477 Maintal
Legal form: Private limited company
Share capital: EUR 50,000.00
Registered
on: 03.12.2004
Reg. data: 63450 Hanau, HRB 91270
Manager:
recyplast GmbH
In der Struth 19
D 56204 Hillscheid
Legal form: Private
limited company
Share capital: EUR 26,000.00
Registered
on: 06.01.2000
Reg. data: 56410 Montabaur, HRB 6312
Manager:
FISCHER
Einkaufsgesellschaft GmbH
Am Waldeck 6
D 77855 Achern
Legal form: Private
limited company
Share capital: EUR 26,000.00
Registered
on: 29.09.1998
Reg. data: 68159 Mannheim, HRB 108678
Proxy:
FISCHER Kunststoffe &
Sekundärrohstoffe GmbH
Ziegelscheune 1b
D 09496 Marienberg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 03.03.2008
Reg. data: 09112 Chemnitz, HRB 24056
COMPANY HISTORY
company name and legal form
22.10.2012 - 04.03.2013 FISCHER Rohstoffe & Maschinentechnik
GmbH
Am Waldeck 6
D 77855 Achern
Private limited
company
17.05.2006 - 22.10.2012 FISCHER Rohstoffe GmbH
Am Waldeck 6
D 77855 Achern
Private limited
company
16.05.2003 - 17.05.2006 Renofinanz GmbH HRB 7145
Rimsinger Weg 3
D 79111 Freiburg
Private limited
company
BUSINESS
ACTIVITIES
Sectors
46902
Non-specialized wholesale of raw materials and half-finished and
finished goods
49410
Freight transport by road
52291
Forwarding agency
52299
Service activities incidental to transportation n.e.c.
FINANCIAL
INFORMATION
Payment experience: No Complaints
Negative information: We have no negative
information at hand.
Balance sheet year: 2016
PMI: No significant / relevant payment
experience
information pertaining to
the company
inquired upon is shown in
the Deutscher
Debitoren Monitor
(DDMonitor).
Events Index: 1
At present, NO events are
known.
The Events Index
indicates if any particular
events have occurred,
such as e.g. a
relocation of registered
office or a change
within management. On the
basis of number,
relevance and
up-to-dateness of the events
an index value ranging
from 1 (no events) to
5 is calculated.
Companies showing a
particularly large number
of events receive
the index 6.
REAL ESTATE
Type of ownership: Tenant
Address Am Waldeck 6
D 77855 Achern
Real Estate of: FISCHER GmbH
Type of ownership: Tenant
Address Zur Ziegelei 16
D 97753 Karlstadt
Real Estate of: FISCHER GmbH
Type of ownership: Tenant
Address Am Waldeck 6
D 77855 Achern
Real Estate of: FISCHER GmbH
Type
of ownership: Tenant
Address Oberwiesbach 3
D 84494 Neumarkt-Sankt
Veit
Real Estate of: FISCHER GmbH
Type of ownership: Tenant
Address Bavenstedter Str. 35
D 31135 Hildesheim
Land register documents were not available.
BANKERS
COMMERZBANK VORMALS DRESDNER BANK, 77601
OFFENBURG
Sort. code: 68080030
BIC: DRESDEFF680
COMMERZBANK VORMALS DRESDNER BANK, 79003
FREIBURG IM BREISGAU
Sort. code: 68080030
BIC:
DRESDEFF680
FINANCIAL FIGURES
Profit: 2016 EUR 275,076.00
Ac/ts receivable: EUR 2,739,261.00
Liabilities: EUR 3,256,378.00
Total numbers of vehicles: 4
The
number of employees is not known.
BALANCE SHEETS
Balance sheet ratios 01.01.2016 - 31.12.2016
Equity ratio [%]: 13.62
Liquidity ratio: 0.90
Return
on total capital [%]: 7.83
Balance sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]: 9.15
Liquidity ratio: 0.88
Return on total capital [%]: 5.93
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 7.99
Liquidity ratio: 0.91
Return on total capital [%]: 5.85
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 65.16
Liquidity ratio: 2.23
Return
on total capital [%]: 0.55
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 3,830,528.66
Fixed assets EUR 62,524.00
Intangible assets EUR 5,206.00
Tangible assets EUR 57,318.00
Current assets EUR 3,765,881.61
Stocks EUR 823,737.55
Accounts receivable EUR 2,739,261.28
Liquid means EUR 202,882.78
Remaining other assets EUR 2,123.05
Accruals (assets) EUR 2,123.05
LIABILITIES EUR 3,830,528.66
Shareholders' equity EUR 432,463.40
Capital EUR 25,000.00
Subscribed capital (share capital) EUR 25,000.00
Balance sheet profit/loss (+/-) EUR 407,463.40
Profit / loss brought forward EUR 132,386.96
Annual surplus / annual deficit EUR 275,076.44
Provisions EUR 141,687.70
Liabilities EUR 3,256,377.56
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 1,680,893.93
Fixed assets EUR 38,604.00
Intangible assets EUR 8,047.00
Tangible assets EUR 30,557.00
Current assets EUR 1,640,687.26
Stocks EUR 333,869.54
Accounts receivable EUR 1,300,036.45
Liquid means EUR 6,781.27
Remaining other assets EUR 1,602.67
Accruals (assets) EUR 1,602.67
LIABILITIES EUR 1,680,893.93
Shareholders' equity EUR 157,386.96
Capital EUR 25,000.00
Subscribed capital (share capital) EUR 25,000.00
Balance sheet profit/loss (+/-) EUR 132,386.96
Profit / loss brought forward EUR 32,995.26
Annual surplus / annual deficit EUR 99,391.70
Provisions EUR 35,494.70
Liabilities EUR 1,488,012.27
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.10 |
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|
1 |
INR 90.45 |
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Euro |
1 |
INR 79.59 |
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EUR |
1 |
INR 79.50 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
NIS |
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Report Prepared
by : |
TPT |
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 |
|
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 |
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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.