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MIRA INFORM REPORT
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Report No. : |
495780 |
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Report Date : |
07.03.2018 |
IDENTIFICATION DETAILS
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Name : |
SM MOTORENTEILE GMBH |
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Registered Office : |
Alleenstr. 70, D 71679 Asperg |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
27.01.1978 |
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Com. Reg. No.: |
HRB 301350 |
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Legal Form : |
Private Limited
Company |
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Line of Business : |
Wholesale Trade in Motor Vehicle
Parts and Accessories |
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No. of Employees : |
37 |
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 : |
Good |
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Payment Behaviour : |
Regular |
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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 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.
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Source
: CIA |
Company
name & address
SM MOTORENTEILE GMBH
Company Status: active
Alleenstr. 70
D 71679 Asperg
Telephone:07141/2047-0
Telefax:
07141/2047-16
Homepage:
www.sm-original-germany.com
E-mail:
info@sm-original-germany.com
CONCLUSION
Business relations are permissible.
LEGAL FORM Private Limited Company
Date of foundation: 27.01.1978
Shareholders'
agreement: 27.01.1978
Registered on: 14.02.1990
Commercial Register: Local court 70190
Stuttgart
under: HRB 301350
Share capital: EUR 1,000,000.00
Shareholder:
Oliver Schöttle
D 71665 Vaihingen
born: 12.10.1970 in
Stuttgart
Share: EUR 490,000.00
Shareholder:
Stefanie Schöttle
D 71229 Leonberg
born: 09.05.1964 in
Stuttgart
Share: EUR 490,000.00
Shareholder:
Wolfgang Schöttle
Im Netzbrunnen 12
D 70825 Korntal-Münchingen
born: 13.12.1940
Share: EUR 20,000.00
Manager:
Wolfgang Schöttle
Im Netzbrunnen 12
D 70825 Korntal-Münchingen
having sole power of
representation
born: 13.12.1940
Profession: Businessman
Marital status: married
Manager:
Oliver Schöttle
D 71665 Vaihingen
having sole power of
representation
born: 12.10.1970 in
Stuttgart
Manager:
Stefanie Schöttle
D 71229 Leonberg
having sole power of representation
born: 09.05.1964 in
Stuttgart
Further functions/participations of Wolfgang
Schöttle (Manager)
Limited partner:
Schöttle Grundstücks GmbH
& Co. KG
Alleenstr. 70
D 71679 Asperg
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 10,000.00
contribution:
Share: EUR 100.00
Registered
on: 17.11.2015
Reg. data: 70190 Stuttgart, HRA 731553
Manager:
MOTECH Motorenteile Vertrieb GmbH
Alleenstr. 70
D 71679 Asperg
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 28.08.1992
Reg. data: 70190 Stuttgart, HRB 301257
Further functions/participations of Oliver
Schöttle (Manager)
Limited partner:
Schöttle Grundstücks GmbH
& Co. KG
Alleenstr. 70
D 71679 Asperg
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR
10,000.00
contribution:
Share: EUR 4,900.00
Registered
on: 17.11.2015
Reg. data: 70190 Stuttgart, HRA 731553
Shareholder:
Schöttle
Grundstücksverwaltungs GmbH
Alleenstr. 70
D 71679 Asperg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 17.11.2015
Reg. data: 70190 Stuttgart, HRB 754628
Manager:
Schöttle
Grundstücksverwaltungs GmbH
Alleenstr. 70
D 71679 Asperg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 17.11.2015
Reg. data: 70190 Stuttgart, HRB 754628
Further functions/participations of Stefanie
Schöttle (Manager)
Limited partner:
Schöttle Grundstücks GmbH
& Co. KG
Alleenstr. 70
D 71679 Asperg
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 10,000.00
contribution:
Share: EUR 4,900.00
Registered
on: 17.11.2015
Reg. data: 70190 Stuttgart, HRA 731553
Shareholder:
Schöttle
Grundstücksverwaltungs GmbH
Alleenstr. 70
D 71679 Asperg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 17.11.2015
Reg. data: 70190 Stuttgart, HRB 754628
Manager:
Schöttle
Grundstücksverwaltungs GmbH
Alleenstr. 70
D 71679 Asperg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 17.11.2015
Reg. data: 70190 Stuttgart, HRB 754628
COMPANY
HISTORY
company name and legal form
15.11.2006 - 25.07.2012 MVI Motorenteile GmbH
Alleenstr. 70
D 71679 Asperg
Private limited
company
1994 - 14.11.2006 MVI Motorenteile Vertriebs GmbH
Bahnhofstr. 28-30
D 71732 Tamm
Private limited
company
12.12.1985 - 1993 MVI Motorenteile Vertriebs GmbH
Im Netzbrunnen 12
D 70825
Korntal-Münchingen
Private limited
company
1984 - 11.12.1985 MVI Motorenteile Vertriebs GmbH
D 70173 Stuttgart
Private limited
company
1978 - 1984 MVI Vertrieb von Maschinen und
Anlagen
für Kfz-Werkstätten
GmbH
D 80331 München
Private limited
company
BUSINESS
ACTIVITIES
Main industrial sector
45310
Wholesale trade in motor vehicle parts and accessories
FINANCIAL
INFORMATION
Payment experience: Regular
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).
REAL
ESTATE
Type of ownership: Tenant
Address Alleenstr. 70
D 71679 Asperg
Real Estate of: Wolfgang Schöttle
Type of ownership: part owner
Share: 50.00 %
Address Im Netzbrunnen 12
D 70825
Korntal-Münchingen
Value at selling price: EUR 1,023,000.00
Land register documents were not available.
BANKERS
Principal bank
DEUTSCHE BANK, 73701 ESSLINGEN AM NECKAR
Sort. code: 61170076, Account no.: 0053673000
BIC: DEUTDESS611, IBAN: DE06611700760053673000
Further bank
COMMERZBANK, 71602 LUDWIGSBURG
Sort. code: 60440073
BIC:
COBADEFFXXX, IBAN: DE06611700760053673000
FINANCIAL
FIGURES
Gross profit or loss:2016 EUR 6,231,397.00
Profit: 2016 EUR 1,212,931.00
Equipment: EUR 319,269.00
Ac/ts receivable: EUR 3,587,176.00
Liabilities: EUR 2,017,429.00
Total numbers of vehicles: 8
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Passenger cars: 4
Employees:
37
BALANCE
SHEETS
Balance sheet ratios 01.01.2016 - 31.12.2016
Equity ratio [%]: 81.59
Liquidity ratio: 3.57
Return
on total capital [%]: 10.62
Balance sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]: 76.85
Liquidity ratio: 2.09
Return on total capital [%]: 11.61
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 76.12
Liquidity ratio: 1.57
Return on total capital [%]: 10.00
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 76.16
Liquidity ratio: 1.89
Return
on total capital [%]: 10.16
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 11,425,617.04
Fixed assets
EUR 903,926.88
Intangible assets
EUR 52,221.00
Concessions, licences, rights
EUR 52,221.00
Tangible assets
EUR 825,785.43
Land / similar rights EUR 506,516.43
Other tangible assets / fixtures and
fittings
EUR 319,269.00
Financial assets
EUR 25,920.45
Shares in participations /
subsidiaries and the like
EUR 25,920.45
Shares in related companies
EUR 25,920.45
Current assets
EUR 10,521,690.16
Stocks
EUR 6,365,766.96
Finished goods / work in progress
EUR 6,254,510.00
Advance payments made
EUR 111,256.96
Accounts receivable
EUR 3,587,176.32
Trade debtors
EUR 3,326,209.46
Other debtors and assets
EUR 260,966.86
Liquid means
EUR 568,746.88
LIABILITIES EUR 11,425,617.04
Shareholders' equity
EUR 8,876,949.30
Capital
EUR 1,000,000.00
Subscribed capital (share capital)
EUR 1,000,000.00
Balance sheet profit/loss (+/-)
EUR 7,876,949.30
Profit / loss brought forward
EUR 6,664,018.06
Annual surplus / annual deficit
EUR 1,212,931.24
Provisions
EUR 531,239.00
Provisions for taxes
EUR 148,206.00
Other / unspecified provisions
EUR 383,033.00
Liabilities
EUR 2,017,428.74
Financial debts
EUR 275,166.73
Liabilities due to banks
EUR 275,166.73
Other
liabilities EUR 1,742,262.01
Trade creditors (for IAS incl. bills
of exchange)
EUR 823,566.89
Liabilities from received advance
payments
EUR 92,082.13
Unspecified other liabilities
EUR 826,612.99
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 6,231,397.06
Staff expenses EUR 2,342,095.01
Wages and salaries
EUR 2,004,927.24
Social security contributions and
expenses for pension plans and
benefits
EUR 337,167.77
Total
depreciation EUR 102,977.57
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 102,977.57
Other operating expenses
EUR 2,024,681.93
Operating result from continuing
operations
EUR 1,761,642.55
Interest result (+/-)
EUR -27,183.30
Interest and similar income
EUR 3,218.29
Interest and similar expenses
EUR 30,401.59
Financial result (+/-)
EUR -27,183.30
Result from ordinary operations (+/-)
EUR 1,734,459.25
Income tax / refund of income tax (+/-)EUR -521,528.01
Tax
(+/-)
EUR -521,528.01
Annual surplus / annual deficit
EUR 1,212,931.24
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 10,798,750.88
Fixed assets
EUR 822,515.88
Intangible assets
EUR 73,369.00
Concessions, licences, rights
EUR 73,369.00
Tangible assets
EUR 723,226.43
Land / similar rights
EUR 517,176.43
Other
tangible assets / fixtures and
fittings
EUR 206,050.00
Financial assets
EUR 25,920.45
Shares in participations /
subsidiaries and the like
EUR 25,920.45
Shares in related companies
EUR 25,920.45
Current assets
EUR 9,972,242.30
Stocks
EUR 6,088,038.72
Finished goods / work in progress
EUR 5,959,227.00
Advance payments made
EUR 128,811.72
Accounts receivable
EUR 3,252,125.37
Trade debtors
EUR 2,993,117.20
Other debtors and assets EUR 259,008.17
Liquid means
EUR 632,078.21
Remaining other assets
EUR 3,992.70
Accruals (assets)
EUR 3,992.70
LIABILITIES
EUR 10,798,750.88
Shareholders' equity
EUR 7,964,018.06
Capital
EUR 1,000,000.00
Subscribed capital (share capital)
EUR 1,000,000.00
Balance
sheet profit/loss (+/-) EUR 6,964,018.06
Profit / loss brought forward
EUR 5,710,265.39
Annual surplus / annual deficit
EUR 1,253,752.67
Provisions
EUR 313,950.00
Provisions for taxes
EUR 60,702.00
Other / unspecified provisions
EUR 253,248.00
Liabilities
EUR 2,520,782.82
Financial debts
EUR 1,116,757.85
Liabilities due to banks
EUR 1,116,757.85
Other liabilities
EUR 1,404,024.97
Trade creditors (for IAS incl. bills
of exchange)
EUR 676,401.66
Liabilities from received advance
payments
EUR 27,247.28
Unspecified other liabilities
EUR 700,376.03
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 5,935,558.69
Staff expenses
EUR 2,059,455.31
Wages and salaries
EUR 1,712,420.64
Social security contributions and
expenses for pension plans and
benefits
EUR 347,034.67
Total depreciation
EUR 86,521.99
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 86,521.99
Other operating expenses
EUR 1,971,281.50
Operating result from continuing
operations
EUR 1,818,299.89
Interest result (+/-)
EUR -27,607.11
Interest and similar income
EUR 4,830.94
Interest and similar expenses
EUR 32,438.05
Financial result (+/-)
EUR -27,607.11
Result
from ordinary operations (+/-) EUR 1,790,692.78
Income tax / refund of income tax (+/-)EUR -536,940.11
Tax
(+/-)
EUR -536,940.11
Annual surplus / annual deficit
EUR 1,253,752.67
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.99 |
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|
1 |
INR 89.91 |
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Euro |
1 |
INR 80.21 |
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EUR |
1 |
INR 80.69 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
PRA |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
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.