MIRA INFORM REPORT

 

 

Report No. :

497823

Report Date :

23.03.2018

 

 

IDENTIFICATION DETAILS

 

Name :

SCHLEIFRING GMBH

 

 

Registered Office :

Am Hardtanger 10, D 82256 Fürstenfeldbruck, Post Box: 16 41

 

 

Country :

Germany

 

 

Date of Incorporation :

10.12.1974

 

 

Com. Reg. No.:

HRB 48918

 

 

Legal Form :

Private limited company

 

 

Line of Business :

·         Manufacture of other electric equipment n.e.c

·         Wholesale of electrical household appliances and radio and televisiongoods

 

 

No. of Employees :

Not Available

 

 

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

(30.09.2017)

Current Rating

(31.12.2017)

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

 

Report on:           Schleifring GmbH

Am Hardtanger 10

D 82256 Fürstenfeldbruck

Post Box:

16 41

Telephone:08141/403-0

Telefax:  08141/403-45

Homepage: www.schleifring.de

E-mail:   sales@schleifring.de

Company Status:      active

 

 VAT no.:                      DE811159634

 Tax ID number:              117/138/50014

 

 CONCLUSION

 Business relations are permissible.

 

 

summery

 

 LEGAL FORM              Private limited company

 Date of foundation:      10.12.1974

 Shareholders'

 agreement:                    10.12.1974

 Registered on:              24.06.1975

 Commercial Register:     Local court 80333 München

 under:                            HRB 48918

 

 Share capital:                          EUR          3,000,000.00

 

 Shareholder:

                      Wegmann & Co GmbH

                      Wilhelmshöher Allee 262

                      D 34131 Kassel

                      Legal form: Private limited company

                      Share capital:     EUR          2,800,000.00

                      Share:             EUR          2,700,000.00

                      Registered on: 24.09.1981

                      Reg. data: 34117 Kassel, HRB 3840

 Shareholder:

                      Hans Roth

                      Schulstr. 46

                      D 82166 Gräfelfing

                      born: 31.01.1940

                      Share:             EUR            300,000.00

 Manager:

                      Verena Ilsa Marga Leser

                      Bürgermeister-Müller-Str. 2

                      Malching

                      D 82216 Maisach

                      authorized to jointly represent the company

                      born: 10.08.1958

                      Profession: Businessman

                      Marital status: unknown

 Manager:

                      Dr. Stefan Heun

                      Ferdinand-Maria-Str. 6a

                      D 80639 München

                      born: 03.10.1960

                      Profession: Mechanical engineer

                      Marital status: married

 Manager:

                      Stephan Bode

                      D 82319 Starnberg

                      born: 05.11.1969

 Proxy:

                      Herbert Staffler

                      D 82256 Fürstenfeldbruck

                      authorized to jointly represent the company

                      born: 14.04.1960

                      Profession: graduate engineer

 Proxy:

                      Johann Jilg

                      D 87637 Seeg

                      authorized to jointly represent the company

                      born: 11.10.1956

 

 Further functions/participations of Verena Ilsa Marga Leser

 (Manager)

 Limited partner:

                      Gebr. LESER KG

                      Wendenstr. 133-135

                      D 20537 Hamburg

                      Legal form: Limited partnership

                      Total cap.         EUR          1,075,200.00

                      contribution:

                      Share:             EUR            268,800.00

                      Registered

                      on:         12.05.2011

                      Reg. data:  20355 Hamburg, HRA 113107

 Proxy:

                      Gebr. LESER KG

                      Wendenstr. 133-135

                      D 20537 Hamburg

                      Legal form: Limited partnership

                      Total cap.         EUR          1,075,200.00

                      contribution:

                      Registered

                      on:         12.05.2011

                      Reg. data:  20355 Hamburg, HRA 113107

 

 Further functions/participations of Stephan Bode (Manager)

 Limited partner:

                      Wegmann Unternehmens-Holding GmbH & Co. KG

                      Wilhelmshöher Allee 262

                      D 34131 Kassel

                      Legal form: Ltd partnership w.foreign

                                  priv.ltd.comp. as General

                                  Partner

                      Total cap.         EUR          4,902,699.10

                      contribution:

                      Share:             EUR            320,810.09

                      Registered

                      on:         26.05.1981

                      Reg. data:  34117 Kassel, HRA 8970

 

 

 COMPANY HISTORY

 

 company name and legal form

 24.06.1975 - 18.01.2018  Schleifring und Apparatebau GmbH

                          Am Hardtanger 10

                          D 82256 Fürstenfeldbruck

                          Private limited company

 

 

 BUSINESS ACTIVITIES

 

 Main industrial sector

 2790    Manufacture of other electric equipment n.e.c.

4643    Wholesale of electrical household appliances and radio and televisiongoods

 

 

BRANCHES AND FACTORIES

 

Branch:

                      Schleifring GmbH

                      Leonhard-Kluftinger-Str. 1

                      D 87600 Kaufbeuren

                      TEL.: 08341/961160

 

 

FINANCIAL INFORMATION

 

Payment experience:  Slow but Correct

 

Negative information:We have no negative information at hand.

 

 

REAL ESTATE

 

 Type of ownership:   Tenant

 Address              Am Hardtanger 10

                      D 82256 Fürstenfeldbruck

 

 Land register documents were not available.

 

 

BANKERS

 

 Principal bank

 SPARKASSE FÜRSTENFELDBRUCK, 82243 FÜRSTENFELDBRUCK

 Sort. code: 70053070

 BIC: BYLADEM1FFB

 

 Further bank

 COMMERZBANK VORMALS DRESDNER BANK, 82256 FÜRSTENFELDBRUCK

 Sort. code: 70080000

 BIC: DRESDEFF700

 

 

FINANCIAL FIGURES

 

 Financial year:      01.01. - 31.12.

 Share capital:                          EUR          3,000,000.00

 The number of employees is not known.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 65.06

UK Pound

1

INR 91.06

Euro

1

INR 80.37

Euro

1

INR 80.35

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

NIY

 

 

Report Prepared by :

KET

                                                


 

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)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.