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MIRA INFORM REPORT
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Report No. : |
500179 |
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Report Date : |
29.03.2018 |
IDENTIFICATION DETAILS
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Name : |
JSJ JODEIT GMBH |
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Registered Office : |
Am Naßtal 10, D 07751 Jena |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
05.06.1991 |
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Com. Reg. No.: |
HRB 201814 |
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Legal Form : |
Private Limited
Company |
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Line of Business : |
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Manufacture of electricity distribution and
control equipment ·
Electrical installation ·
Construction of chimneys, furnaces and
industrial furnaces ·
Wholesale of other equipment and
accessories for machinery and technical supplies |
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No. of Employees : |
50 |
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
JSJ JODEIT GMBH
Company Status: active
Am Naßtal 10
D 07751 Jena
Telephone:03641/622920
Telefax:
03641/622940
Homepage: www.jsj.de
E-mail:
jodeit@jsj.de
VAT
no.: DE150524565
CONCLUSION
Business relations are permissible.
LEGAL FORM Private Limited Company
Date of foundation: 05.06.1991
Shareholders'
agreement: 05.06.1991
Registered on: 08.05.1992
Commercial Register: Local court 07745 Jena
under: HRB 201814
Share capital: EUR 150,000.00
Shareholder:
Jodeit Holding GmbH &
Co. KG
Am Naßtal 10
D 07751 Jena
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR 5,000.00
contribution:
Share: EUR 150,000.00
Registered on: 13.12.2011
Reg. data: 07745 Jena,
HRA 502512
Manager:
Dr. Harald-Wolfgang
Jodeit
Merketalstr. 52
D 99425 Weimar
born: 24.08.1953
Profession: graduate
engineer
Marital status: widowed
Proxy:
Lars Biennek
Brändströmstr. 2
D 07749 Jena
authorized to jointly
represent the company
born: 27.01.1978
Further functions/participations of Dr.
Harald-Wolfgang Jodeit
(Manager)
Limited partner:
Jodeit Holding GmbH &
Co. KG
Am Naßtal 10
D 07751 Jena
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 5,000.00
contribution:
Share: EUR 5,000.00
Registered
on: 13.12.2011
Reg. data: 07745 Jena, HRA 502512
Shareholder:
Jodeit Beteiligungs-GmbH
Am Naßtal 10
D 07751 Jena
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 13.12.2011
Reg. data: 07745 Jena, HRB 507373
Shareholder:
SiCeram GmbH
Am Naßtal 10
D 07751 Jena
Legal form: Private
limited company
Share capital: EUR 26,000.00
Share: EUR 8,650.00
Registered
on: 17.09.2002
Reg. data: 07745 Jena, HRB 112513
Manager:
GLAMACO GmbH
Prasseweg 1 OT Sörnewitz
D 01640 Coswig
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 10.07.2014
Reg. data:
01069 Dresden, HRB 33476
Manager:
Jodeit Beteiligungs-GmbH
Am Naßtal 10
D 07751 Jena
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 13.12.2011
Reg. data: 07745 Jena, HRB 507373
COMPANY
HISTORY
company name and legal form
1995 - 10.11.1998 JSJ Jenaer Schmelztechnik Jodeit GmbH
Am Naßtal 10
D 07751 Jena
Private limited
company
05.06.1991 - 1994 JSJ Jenaer Schmelztechnik Jodeit GmbH
Göschwitzer Str. 22
D 07745 Jena
Private limited
company
BUSINESS
ACTIVITIES
Main industrial sector
27120
Manufacture of electricity distribution and control equipment
43210
Electrical installation
43992
Construction of chimneys, furnaces and industrial furnaces
46693
Wholesale of other equipment and accessories for machinery and technical
supplies
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).
Events Index: 1
At present, NO events are
known.
The Events Index
indicates if any particular
events have occurred,
such as e.g. a
relocation of registered
office or a change
within management. On the
basis of number,
relevance and
up-to-dateness of the events
an index value ranging
from 1 (no events) to
5 is calculated. Companies showing a
particularly large number
of events receive
the index 6.
REAL
ESTATE
Type of ownership: Tenant
Address Am Naßtal 10
D 07751 Jena
Land register documents were not available.
BANKERS
COMMERZBANK, 07708 JENA
Sort. code: 82040000
BIC: COBADEFFXXX
DEUTSCHE BANK, 07703 JENA
Sort. code: 82070000
BIC: DEUTDE8EXXX
UNICREDIT BANK - HYPOVEREINSBANK, 07704 JENA
Sort. code: 83020087
BIC: HYVEDEMM463
FINANCIAL
FIGURES
Turnover: 2016 *EUR 3,000,000.00
2017 EUR 3,500,000.00
Profit: 2016 EUR 69,466.00
further
business figures:
Equipment: EUR 300,280.00
Ac/ts receivable: EUR 2,181,003.00
Liabilities: EUR 1,875,780.00
Total numbers of vehicles: 6
Employees:
50
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 [%]: 48.48
Liquidity ratio: 1.24
Return on total capital [%]: 1.50
Balance sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]: 45.73
Liquidity ratio: 0.66
Return on total capital [%]: 2.76
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 51.51
Liquidity ratio: 1.30
Return on total capital [%]: -9.58
Balance
sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 63.23
Liquidity ratio: 1.29
Return on total capital [%]: 1.76
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 4,730,586.44
Fixed assets
EUR 300,311.06
Intangible assets
EUR 31.00
Tangible assets
EUR 300,280.06
Current assets
EUR 4,396,573.35
Stocks
EUR 2,004,366.79
Accounts receivable
EUR 2,181,002.95
Liquid means EUR 211,203.61
Remaining other assets
EUR 33,702.03
Accruals (assets)
EUR 33,702.03
LIABILITIES EUR 4,730,586.44
Shareholders' equity
EUR 2,352,178.80
Capital
EUR 150,000.00
Subscribed capital (share capital)
EUR 150,000.00
Reserves
EUR 715,808.63
Capital reserves
EUR 715,808.63
Balance sheet profit/loss (+/-)
EUR 1,486,370.17
Profit / loss brought forward
EUR 1,416,903.94
Annual surplus / annual deficit
EUR 69,466.23
Provisions
EUR 502,627.72
Liabilities
EUR 1,875,779.92
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 4,685,416.96
Fixed assets
EUR 397,099.06
Intangible assets
EUR 2,130.00
Tangible assets
EUR 394,969.06
Current assets
EUR 4,265,467.90
Stocks
EUR 2,265,916.76
Accounts receivable
EUR 1,489,208.91
Investments in current assets
EUR 419,374.52
Liquid means
EUR 90,967.71
Remaining other assets
EUR 22,850.00
Accruals (assets) EUR 22,850.00
LIABILITIES EUR 4,685,416.96
Shareholders' equity
EUR 2,282,712.57
Capital
EUR 150,000.00
Subscribed capital (share capital)
EUR 150,000.00
Reserves
EUR 715,808.63
Capital reserves
EUR 715,808.63
Balance sheet profit/loss (+/-)
EUR 1,416,903.94
Profit / loss brought forward EUR 1,294,659.25
Annual surplus / annual deficit
EUR 122,244.69
Provisions
EUR 416,126.76
Liabilities
EUR 1,954,519.22
Other liabilities
EUR 32,058.41
Deferred taxes (not included under
provisions/liabilities)
EUR 32,058.41
Guarantees and other commitments
EUR 630,287.50
Sureties / lendings of
creditworthiness
EUR 630,287.50
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.04 |
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1 |
INR 92.28 |
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Euro |
1 |
INR 80.62 |
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EUR |
1 |
INR 80.30 |
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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PRI |
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Report Prepared
by : |
TPT |
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.