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MIRA
INFORM REPORT
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Report No. : |
499106 |
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Report Date : |
28.03.2018 |
IDENTIFICATION DETAILS
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Name : |
SPALTER - HOPFEN GMBH |
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Registered Office : |
Gewerbepark Hügelmühle 40 D 91174 Spalt |
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Country : |
Germany |
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Financials (as on) : |
30.06.2016 |
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Date of Incorporation : |
10.12.2004 |
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Com. Reg. No.: |
HRB 21504 |
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Legal Form : |
Private limited company |
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Line of Business : |
·
Wholesale of grain, unmanufactured tobacco,
seeds and animal feeds ·
Wholesale of flowers and plants |
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No. of Employees : |
5 |
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 : |
Slow but Correct |
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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 and address
Spalter -
Hopfen GmbH
Gewerbepark Hügelmühle 40
D 91174 Spalt
Telephone:09175/78888
Telefax: 09175/78815
Homepage: www.spalterhopfen.com
E-mail: info@spalterhopfen.com
Company Status
Active
VAT no.
DE814259904
Company summery
LEGAL FORM Private limited company
Date of foundation: 10.12.2004
Shareholders'
agreement: 10.12.2004
Registered on: 25.01.2005
Commercial Register: Local
court 90402 Nürnberg
under: HRB 21504
Share capital: EUR 25,000.00
Shareholder:
Hopfenverwertungsgenossenschaft Spalt eG.
Gewerbepark Hügelmühle 40
D 91174
Spalt
Legal
form: Registered cooperative
Share: EUR 25,000.00
Registered on: 28.12.1953
Reg.
data: 90402 Nürnberg, GnR 163
Manager:
Dr.
Frank Braun
D 87600
Kaufbeuren
having
sole power of representation
born:
17.08.1967
Proxy:
Johann Zeiner
Obersteinbach 12
D 91183
Abenberg
having
sole power of representation
born:
23.11.1948
Profession: Businessman
Further functions/participations of Dr. Frank Braun (Manager)
Member of the Board of Directors:
Hopfenverwertungsgenossenschaft Spalt eG.
Gewerbepark Hügelmühle 40
D 91174
Spalt
Legal
form: Registered cooperative
Registered
on: 28.12.1953
Reg.
data: 90402 Nürnberg, GnR 163
COMPANY HISTORY
company name and legal form
20.09.2005 - 23.01.2008
Spalter - Hopfen GmbH
Hauptstr. 5
D
91174 Spalt
Private limited company
BUSINESS ACTIVITIES
Main industrial sector
4621 Wholesale of grain,
unmanufactured tobacco, seeds and animal feeds
46220 Wholesale of flowers
and plants
FINANCIAL INFORMATION
Payment experience: Slow but Correct
Negative information: We
have no negative information at hand.
Balance sheet year: 2015/2016
REAL ESTATE
Type of ownership: Tenant
Address Gewerbepark Hügelmühle 40
D 91174 Spalt
Land register documents were not available.
BANKERS
RAIFFEISENBANK ROTH-SCHWABACH, 91174 SPALT
Sort. code: 76460015
BIC: GENODEF1SWR
SPARKASSE MITTELFRANKEN-SÜD, 91174 SPALT
Sort. code: 76450000
BIC: BYLADEM1SRS
FINANCIAL FIGURES
Profit:
2015/2016 EUR 102,510.00
Ac/ts receivable: EUR 1,911,168.00
Liabilities: EUR 3,127,881.00
Employees: 5
- Part-time employees: 2
BALANCE SHEETS
Balance sheet ratios 01.07.2015 - 30.06.2016
Equity ratio [%]:
3.99
Liquidity ratio:
0.64
Return on total capital [%]:
2.74
Balance sheet ratios 01.07.2014 - 30.06.2015
Equity ratio [%]:
1.01
Liquidity ratio:
0.41
Return on total capital [%]:
-0.55
Balance sheet ratios 01.07.2013 - 30.06.2014
Equity ratio [%]:
1.88
Liquidity ratio:
0.49
Return on total capital [%]:
1.00
Balance sheet ratios 01.07.2012 - 30.06.2013
Equity ratio [%]:
0.90
Liquidity ratio:
0.67
Return on total capital [%]:
3.15
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:
01.07.2015 - 30.06.2016
ASSETS EUR 3,735,797.70
Fixed assets EUR 1,422.00
Tangible assets EUR 1,422.00
Current assets EUR 3,734,375.70
Stocks EUR 1,686,881.57
Accounts receivable EUR 1,911,167.78
Liquid means EUR 136,326.35
LIABILITIES EUR 3,735,797.70
Shareholders' equity EUR 149,216.77
Capital EUR 25,000.00
Subscribed capital (share
capital) EUR 25,000.00
Balance sheet profit/loss
(+/-) EUR 124,216.77
Profit / loss brought
forward EUR 21,706.49
Annual surplus / annual
deficit EUR 102,510.28
Provisions EUR 458,700.00
Liabilities EUR 3,127,880.93
Type of balance
sheet: Company
balance sheet
Origin of the present
balance sheet:
electronic German Federal Gazette
Financial year:
01.07.2014 - 30.06.2015
ASSETS EUR 4,613,591.00
Fixed assets EUR 2,266.00
Tangible assets EUR 2,266.00
Current assets EUR 4,611,325.00
Stocks EUR 2,926,550.00
Accounts receivable EUR 1,660,570.00
Liquid means EUR 24,205.00
LIABILITIES EUR 4,613,591.00
Shareholders' equity EUR 46,707.00
Capital EUR 25,000.00
Subscribed capital (share
capital) EUR
25,000.00
Balance sheet profit/loss
(+/-) EUR 21,707.00
Profit / loss brought
forward EUR 47,245.00
Annual surplus / annual
deficit EUR -25,538.00
Provisions EUR 446,000.00
Liabilities EUR 4,120,884.00
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.80 |
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1 |
INR 92.26 |
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Euro |
1 |
INR 80.76 |
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Euro |
1 |
INR 80.84 |
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
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Payment
record
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Litigation
against the subject
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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.