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MIRA INFORM REPORT
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Report No. : |
495909 |
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Report Date : |
13.03.2018 |
IDENTIFICATION DETAILS
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Name : |
STAEDTLER + UHL KG |
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Registered Office : |
Nördliche Ringstr. 12 D 91126 Schwabach Post Box 21 60, D 91111 Schwabach |
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Country : |
Germany |
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Date of Incorporation : |
1783 |
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Com. Reg. No.: |
HRA 4379 |
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Legal Form : |
Limited partnership |
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Line of Business : |
Manufacture of machinery for
textile, apparel and leather production |
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No. of Employees : |
100 |
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 summery
Staedtler + Uhl KG
Nördliche Ringstr. 12
D 91126 Schwabach
Post Box: 21 60, D 91111
Schwabach
Telephone:09122/186-0
Telefax: 09122/186-28
Homepage: www.staedtleruhl.com
E-mail: staedtler@staedtleruhl.com
Company
Status
Active
VAT no.
DE133786036
CONCLUSION
Business relations are
permissible.
Company
summery
LEGAL FORM Limited
partnership
Date of foundation: 1783
Registered on: 23.05.1906
Register of
companies: Local
court 90402 Nürnberg
under: HRA
4379
Total cap. contribution: EUR 309,785.63
Limited partner:
Stefan Raab
D 91154 Roth
born: 27.10.1958
Share: EUR 216,900.95
Limited partner:
Udo Kühne
D 72172 Sulz
born: 04.06.1961
Share: EUR 92,884.68
General partner:
Staedtler Management GmbH
Nördliche Ringstr. 12
D 91126 Schwabach
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered on: 29.01.2003
Reg. data: 90402
Nürnberg, HRB 19850
Shareholder:
Stefan Raab
D 91154 Roth
born: 27.10.1958
Share: EUR 12,450.00
Shareholder:
Alexander Raab
D 91126 Schwabach
born: 24.03.1986
Share: EUR 8,400.00
Shareholder:
Udo Kühne
D 72172 Sulz
born: 04.06.1961
Share: EUR 4,150.00
Manager:
Stefan Raab
D 91154 Roth
having sole power of
representation
born: 27.10.1958
Profession: Tax
consultant assistant
Marital status: divorced
General partner:
Alexander Raab
D 91126 Schwabach
born: 24.03.1986
Proxy:
Stefan Raab
D 91154 Roth
having sole power of
representation
born: 27.10.1958
Profession: Tax
consultant assistant
Marital status: divorced
Proxy:
Norbert Galsterer
D 90574 Roßtal
having sole power of
representation
born: 08.07.1970
Further functions/participations of Staedtler
Management GmbH
(General partner)
General partner:
Staedtler GmbH & Co.
KG
Nördliche Ringstr. 12
D 91126 Schwabach
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 231,785.63
contribution:
Registered
on: 22.01.2008
Reg. data: 90402 Nürnberg, HRA 14792
Further functions/participations of Alexander
Raab (General
partner)
General partner:
Staedtler GmbH & Co.
KG
Nördliche Ringstr. 12
D 91126 Schwabach
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 231,785.63
contribution:
Registered
on: 22.01.2008
Reg. data: 90402 Nürnberg, HRA 14792
Shareholder:
Staedtler Management GmbH
Nördliche Ringstr. 12
D 91126 Schwabach
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 8,400.00
Registered
on: 29.01.2003
Reg. data: 90402 Nürnberg, HRB 19850
COMPANY
HISTORY
company name and legal form
23.05.1906 - 11.08.2010 Staedtler & Uhl
Nördliche Ringstr. 12
D 91126 Schwabach
Ltd partnership with
priv. ltd. company
as general partner
BUSINESS
ACTIVITIES
Main industrial sector
2894 Manufacture of machinery for textile,
apparel and leather production
BRANCHES
AND FACTORIES
Works:
Staedtler + Uhl KG
Liebigstr. 5
D 91126 Schwabach
FINANCIAL
INFORMATION
Payment experience: Regular
Negative information: We have no negative information at hand.
REAL
ESTATE
Type of ownership: proprietor
Share: 100.00 %
Address Nördliche
Ringstr. 12
D 91126 Schwabach
Value at selling price: EUR 6,000,000.00
Real Estate of: Staedtler
Management GmbH
Type of ownership: Tenant
Address Nördliche
Ringstr. 12
D 91126 Schwabach
Land register documents were not available.
BANKERS
COMMERZBANK, 91103 SCHWABACH
Sort. code: 76040061
BIC: COBADEFFXXX
COMMERZBANK VORMALS DRESDNER BANK, 91103
SCHWABACH
Sort. code: 76080040
BIC: DRESDEFF760
SPARKASSE MITTELFRANKEN-SÜD, 91154 ROTH
Sort. code: 76450000
BIC: BYLADEM1SRS
DEUTSCHE BANK, 91103 SCHWABACH
Sort. code: 76070012
BIC: DEUTDEMM760
RAIFFEISENBANK ROTH-SCHWABACH, 91154 ROTH
Sort. code: 76460015
BIC: GENODEF1SWR
UNICREDIT BANK - HYPOVEREINSBANK, 91126
SCHWABACH
Sort. code: 76420080
BIC: HYVEDEMM065
POSTBANK, 90322 NÜRNBERG
Sort. code: 76010085
BIC: PBNKDEFFXXX
FINANCIAL
FIGURES
Financial year: 01.01. - 31.12.
Turnover: 2016 *EUR 15,500,000.00
2017 *EUR 15,500,000.00
further business figures:
Equipment: *EUR 600,000.00
Ac/ts receivable: *EUR 600,000.00
Liabilities: *EUR 1,200,000.00
Employees:
100
The business figures marked with an asterisk
are estimates based on average values in the line of business.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.02 |
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1 |
INR 90.12 |
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Euro |
1 |
INR 80.09 |
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Euro |
1 |
INR 80.19 |
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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PRA |
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Report Prepared
by : |
TRU |
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
·
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.