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MIRA INFORM REPORT
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Report No. : |
496258 |
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Report Date : |
12.03.2018 |
IDENTIFICATION DETAILS
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Name : |
EISEN GMBH |
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Registered Office : |
Industriestr. 27, D 91083 Baiersdorf, Post Box: 6, D 91083 Baiersdorf |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Year of Establishment : |
1921 |
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Com. Reg. No.: |
HRB 3561 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholes of metal and plastic goods for construction purposes |
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No. of Employees : |
21 |
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++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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Status : |
Excellent |
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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
EISEN GMBH
Company Status: active
Industriestr. 27
D 91083 Baiersdorf
Post Box:
6, D 91083 Baiersdorf
Telephone:09133/93-0
Telefax: 09133/93-20
Homepage: www.eisen-spitzer.com
E-mail: info@eisen-spitzer.com
VAT No.: DE132493118
Company
Summary
LEGAL FORM Private limited company
Date of foundation: 1921
Shareholders'
agreement: 25.01.1988
Registered on: 03.03.1988
Commercial Register: Local court 90762 Fürth
under: HRB 3561
Share
capital
EUR 153,400.00
Shareholder:
Stephan Eisen
Schleifweg 7
D 91083 Baiersdorf
born: 01.03.1979
Share: EUR 151,099.00
Shareholder:
Reiner Eisen
Lindenstr. 15a
D 91083 Baiersdorf
born: 30.07.1951
Share: EUR 2,301.00
Manager:
Reiner Eisen
Lindenstr. 15a
D 91083 Baiersdorf
having sole power of representation
born: 30.07.1951
Profession: graduate engineer
Marital status: married
Further functions/participations of Reiner Eisen (Manager)
General partner:
Eisen Verwaltungs KG
Industriestr. 27
D 91083 Baiersdorf
Legal form: Limited partnership
Total cap. EUR 4,691.88
contribution:
Registered
on: 30.10.2008
Reg. data: 90762 Fürth, HRA 9155
Shareholder:
Eisen Sales GmbH
Industriestr. 27
D 91083 Baiersdorf
Legal form: Private limited company
Share capital: EUR 25,000.00
Share: EUR 9,125.00
Registered
on: 29.09.2014
Reg. data: 90762 Fürth, HRB 14705
Proxy:
Eisen Sales GmbH
Industriestr. 27
D 91083 Baiersdorf
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 29.09.2014
Reg. data: 90762 Fürth, HRB 14705
COMPANY
HISTORY
Company name and legal form
25.01.1988 - 17.12.2001 Christian Eisen & Sohn Metallwarenfabrik
GmbH
Industriestr. 27
D 91083 Baiersdorf
Private limited company
16.12.1932 - 24.01.1988 Christian Eisen
Industriestr. 27
D 91083 Baiersdorf
Sole proprietorship
1921 - 15.12.1932 Christian Eisen
Industriestr. 27
D 91083 Baiersdorf
Unregistered commercial enterprise
BUSINESS
ACTIVITIES
Main industrial sector
46743 Wholes of metal and plastic goods for construction purposes
FINANCIAL
INFORMATION
Payment experience: cash discount/within agreed terms
Negative information:We have no negative information at hand.
Balance sheet year: 2016
REAL
ESTATE
Type of
ownership: Tenant
Address Industriestr. 27
D 91083 Baiersdorf
Real Estate of: Reiner Eisen
Type of
ownership: part owner
Share: 50.00 %
Address Industriestr. 27
D 91083 Baiersdorf
Value at selling
price: EUR 3,068,000.00
Land register
documents were not available.
BANKERS
STADT- UND KREISSPARKASSE ERLANGEN, 91083 BAIERSDORF
Sort. code: 76350000
BIC: BYLADEM1ERH
COMMERZBANK VORMALS DRESDNER BANK, 91051 ERLANGEN
Sort. code: 76080040
BIC: DRESDEFF760
FINANCIAL
FIGURES
Turnover: 2017 *EUR 3,885,000.00
Equipment: *EUR 126,000.00
Ac/ts receivable: EUR 2,735,297.00
Liabilities: EUR 129,751.00
Total numbers of
vehicles:
5
Employees: * 21
The business figures marked with an asterisk are estimates based on average values in the line of business.
BALANCE
SHEETS
Balance sheet ratios
01.01.2016 - 31.12.2016
Equity ratio
[%]: 82.99
Liquidity
ratio: 10.00
Return on total
capital [%]: 17.00
Balance sheet ratios
01.01.2015 - 31.12.2015
Equity ratio
[%]: 70.33
Liquidity
ratio: 9.19
Return on total
capital [%]: 22.75
Balance sheet ratios
01.01.2014 - 31.12.2014
Equity ratio [%]: 52.81
Liquidity
ratio: 1.83
Return on total
capital [%]: 13.25
Balance sheet ratios
01.01.2013 - 31.12.2013
Equity ratio
[%]: 40.50
Liquidity
ratio: 0.94
Return on total
capital [%]: 19.53
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 5,999,866.88
Fixed assets EUR 1,506,022.67
Intangible assets EUR 7,487.00
Tangible assets EUR 203,535.67
Financial assets EUR 1,295,000.00
Current assets EUR 4,484,835.79
Stocks
EUR 1,167,118.75
Accounts receivable EUR 2,735,297.42
Liquid means EUR 582,419.62
Remaining other assets EUR 9,008.42
Accruals (assets) EUR 9,008.42
LIABILITIES EUR 5,999,866.88
Shareholders' equity EUR 4,982,674.75
Capital EUR 153,400.00
Subscribed capital (share capital) EUR 153,400.00
Reserves EUR 1,000,000.00
Retained earnings / revenue reserves
EUR 1,000,000.00
Balance sheet profit/loss (+/-) EUR 3,829,274.75
Balance sheet profit / loss EUR 3,829,274.75
Provisions EUR 887,441.01
Liabilities EUR 129,751.12
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 5,631,897.70
Fixed assets EUR 1,453,765.91
Intangible assets EUR 19,109.00
Tangible assets EUR 139,656.91
Financial assets EUR 1,295,000.00
Current assets EUR 4,162,660.97
Stocks EUR 1,316,736.00
Accounts receivable EUR 2,293,312.58
Liquid means EUR 552,612.39
Remaining other assets EUR 15,470.82
Accruals (assets) EUR 15,470.82
LIABILITIES EUR 5,631,897.70
Shareholders' equity EUR 3,965,884.82
Capital EUR 153,400.00
Subscribed capital (share capital) EUR 153,400.00
Reserves EUR 1,000,000.00
Retained earnings / revenue reserves
EUR 1,000,000.00
Balance sheet profit/loss (+/-) EUR 2,812,484.82
Balance sheet profit / loss EUR 2,812,484.82
Provisions EUR 862,797.01
Liabilities EUR 803,215.87
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.08 |
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1 |
INR 89.85 |
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Euro |
1 |
INR 80.16 |
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EUR |
1 |
INR 80.12 |
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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NIY |
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Report Prepared
by : |
NIT |
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
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Litigation
against the subject
·
Industry
scenario / competitor analysis
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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.