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MIRA INFORM REPORT
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Report No. : |
500911 |
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Report Date : |
29.03.2018 |
IDENTIFICATION DETAILS
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Name : |
SCHNEIDER SCHREIBGERÄTE GMBH |
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Registered Office : |
Schwarzenbach 9, D 78144 Schramberg |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
08.09.1938 |
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Com. Reg. No.: |
HRB 480143 |
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Legal Form : |
Private limited company |
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Line of Business : |
·
Other
manufacturing n.e.c ·
Wholesale of paper
and paperboard, stationery, office supplies,
books,periodicals and newspapers |
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No. of Employees : |
Not Available |
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 and address
Report on: Schneider Schreibgeräte GmbH
Company Status: active
Schwarzenbach 9
D 78144 Schramberg
Telephone:07729/888-0
Telefax:
07729/88888
Homepage: www.schneiderpen.com
E-mail:
info@schneiderpen.de
VAT
no.: DE142820992
CONCLUSION
Business relations are permissible.
Company
summery
LEGAL FORM Private limited company
Date of foundation: 08.09.1938
Shareholders'
agreement: 08.02.1950
Registered on: 24.03.1950
Commercial Register: Local court 70190
Stuttgart
under: HRB 480143
Share capital: EUR 4,000,000.00
Shareholder:
Christian Schneider
D 04668 Grimma
born: 25.11.1978
Share: EUR 4,000,000.00
Manager:
Frank Groß
D 83368 St Georgen
born: 10.04.1970
Manager:
Christian Schneider
D 04668 Grimma
having sole power of
representation
born: 25.11.1978
Proxy:
Peter Burger
D 78112 St. Georgen
authorized to jointly
represent the company
born: 01.03.1963
Proxy:
Patrick Wintermantel
Albert-Schweitzer-Str. 14
D 78144 Schramberg
authorized to jointly
represent the company
born: 29.11.1968
Proxy:
Matthias Schneider
D 76344
Eggenstein-Leopoldshafen
authorized to jointly
represent the company
born: 13.12.1979
Proxy:
Martina Schneider
D 78713 Schramberg
authorized to jointly
represent the company
born: 14.09.1986
Marital status: unknown
Further functions/participations of Frank Groß
(Manager)
Manager:
Schneider Verwaltungs
GmbH
Schwarzenbach 9
D 78144 Schramberg
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 26.03.1979
Reg. data: 70190 Stuttgart, HRB 480245
Manager:
Schneider-Novus Vertriebs
GmbH
Holzhofring 20
D 82362 Weilheim
Legal form: Private limited
company
Share capital: EUR 357,904.32
Registered
on: 05.02.1971
Reg. data: 80333 München, HRB 43102
Manager:
PBS-Markenpool.de
Verwaltungs GmbH
Holzhofring 20
D 82362 Weilheim
Legal form: Private
limited company
Share capital: EUR 30,000.00
Registered
on: 04.08.2004
Reg. data: 80333 München, HRB 153462
Further functions/participations of Christian
Schneider (Manager)
Proprietor:
Schneider's Geschenkideen
Grimma Inhaber
Christian Schneider e. K.
Brückenstr. 12
D 04668 Grimma
Legal form: Sole
proprietorship
Registered
on: 05.04.2017
Reg. data: 04275 Leipzig, HRA 17888
Proprietor:
Altstadt Hotel Garni
Grimma Inhaber
Christian Schneider e. K.
Brückenstr. 12
D 04668 Grimma
Legal form: Sole
proprietorship
Registered
on: 05.04.2017
Reg. data: 04275 Leipzig, HRA 17887
Shareholder:
Schneider Verwaltungs
GmbH
Schwarzenbach 9
D 78144 Schramberg
Legal form: Private
limited company
Share capital: EUR 25,564.59
Share: EUR 25,564.59
Registered
on: 26.03.1979
Reg. data: 70190 Stuttgart, HRB 480245
Shareholder:
RS Immobilien GmbH
Unterm Dorf 184
D 78144 Schramberg
Legal form: Private
limited company
Share capital: EUR 1,022,583.76
Share: EUR 10,225.84
Registered
on: 04.09.1990
Reg. data: 70190 Stuttgart, HRB 480587
Manager:
Schneider Verwaltungs
GmbH
Schwarzenbach 9
D 78144 Schramberg
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 26.03.1979
Reg. data: 70190 Stuttgart, HRB 480245
Proxy:
Office Gold Club GmbH
Leostr. 22
D 40545 Düsseldorf
Legal form: Private
limited company
Share capital: EUR 36,000.00
Registered
on: 05.12.2006
Reg. data: 40227 Düsseldorf, HRB 55239
COMPANY
HISTORY
company name and legal form
05.11.1991 - 02.05.2005 Schneider Schreibgeräte GmbH
Schwarzenbach 9
D 78144 Schramberg
Private limited
company
24.03.1950 - 04.11.1991 Gebr. Schneider Gesellschaft mit
beschränkter Haftung
Schwarzenbach 9
D 78144 Tennenbronn
Private limited
company
RESIGNED ACTING PERSONS AND SHAREHOLDERS
02.05.2005 - 08.01.2018 Manager
Roland Schneider
Weg am Schächle 5
D 78144 Schramberg
BUSINESS
ACTIVITIES
Main industrial sector
32990
Other manufacturing n.e.c.
46494
Wholesale of paper and paperboard, stationery, office supplies,
books,periodicals and newspapers
PARTICIPATIONS
Limited partner:
Schneider GmbH & Co.
Produktions und
Vertriebs KG
Martin-Heinrich-Klaproth-Str.
28
D 38855 Wernigerode
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 2,556,459.41
contribution:
Share: EUR 2,556,459.41
Reg. data: 09.09.1992
Local court
39576 Stendal
HRA 20442
Shareholder:
Schneider-Novus Vertriebs GmbH
Holzhofring 20
D 82362 Weilheim
Legal form: Private
limited company
Company Status: active
Share capital: EUR 357,904.32
Share: EUR 214,742.59
Reg. data: 05.02.1971
Local court
80333 München
HRB 43102
FINANCIAL
INFORMATION
Payment experience: Regular
Negative information:We have no negative
information at hand.
Balance sheet year: 2016
REAL
ESTATE
Type of ownership: proprietor
Share: 100.00 %
Address Schwarzenbach 9
D 78144 Schramberg
Type of real estate: factory building
Land register documents were not available.
BANKERS
SPARKASSE SCHWARZWALD-BAAR, 78112 ST. GEORGEN
IM SCHWARZWALD
Sort. code: 69450065
BIC: SOLADES1VSS
COMMERZBANK
VILLINGEN U SCHWENNINGEN, 78002
VILLINGEN-SCHWENNINGEN
Sort. code: 69440007
BIC: COBADEFFXXX
DEUTSCHE BANK VILLINGEN U SCHWENNINGEN, 78054
VILLINGEN-SCHWENNINGEN
Sort. code: 69470039
BIC: DEUTDE6F694
VOLKSBANK SCHWARZWALD BAAR HEGAU, 78048
VILLINGEN-SCHWENNINGEN
Sort. code: 69490000
BIC: GENODE61VS1
POSTBANK, 76127 KARLSRUHE
Sort. code: 66010075
BIC: PBNKDEFFXXX
FINANCIAL FIGURES
Equipment: EUR 2,925,029.00
Ac/ts receivable: EUR 12,345,302.00
Liabilities: EUR 10,714,078.00
The
number of employees is not known.
BALANCE
SHEETS
Balance sheet ratios 01.01.2016 - 31.12.2016
Equity ratio [%]: 62.56
Liquidity ratio: 1.31
Return on total capital [%]: 9.06
Balance sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]: 61.04
Liquidity ratio: 1.82
Return on total capital [%]: 6.04
Balance sheet grade: 1.6
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 59.87
Liquidity ratio: 1.38
Return on total capital [%]: 2.85
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 62.26
Liquidity ratio: 1.34
Return on total capital [%]: 3.36
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.
Financial
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 46,715,316.07
Fixed assets
EUR 19,328,717.10
Intangible assets
EUR 846,866.00
Concessions,
licences, rights EUR 846,866.00
Tangible assets
EUR 12,210,639.46
Land / similar rights
EUR 3,785,095.00
Plant / machinery
EUR 4,518,298.00
Other tangible assets / fixtures and
fittings
EUR 3,342,264.00
Advance payments made / construction
in progress
EUR 564,982.46
Financial assets EUR 6,271,211.64
Shares in participations /
subsidiaries and the like
EUR 6,271,211.64
Shares in related companies
EUR 5,943,211.64
Shares in investee companies
EUR 328,000.00
Current assets
EUR 27,283,904.37
Stocks
EUR 12,300,479.51
Raw materials, consumables and
supplies
EUR 6,074,966.52
Finished goods / work in progress
EUR 6,225,512.99
Accounts receivable
EUR 13,349,257.48
Trade debtors
EUR 11,155,221.60
Amounts due from related companies
EUR 953,480.97
Amounts due from investee companies
EUR 684,711.88
Other debtors and assets
EUR 555,843.03
Liquid means
EUR 1,634,167.38
Remaining other assets
EUR 102,694.60
Accruals (assets)
EUR 102,694.60
LIABILITIES EUR 46,715,316.07
Shareholders' equity
EUR 29,194,644.31
Capital
EUR 4,000,000.00
Subscribed capital (share capital)
EUR 4,000,000.00
Reserves
EUR 9,680,998.93
Capital reserves
EUR 9,680,998.93
Balance sheet profit/loss (+/-)
EUR 15,513,645.38
Profit / loss brought forward
EUR 11,279,419.52
Annual surplus / annual deficit
EUR 4,234,225.86
Provisions
EUR 5,691,011.23
Pension provisions and comparable
provisions
EUR 3,125,255.00
Other / unspecified provisions
EUR 2,565,756.23
Liabilities
EUR 11,829,660.53
Financial debts EUR 4,619,962.00
Liabilities due to banks
EUR 4,619,962.00
Other liabilities
EUR 7,209,698.53
Trade creditors (for IAS incl. bills
of exchange)
EUR 1,306,779.72
Liabilities due to shareholders
EUR 28,902.85
Liabililties due to related companiesEUR 4,425,915.52
Unspecified other liabilities
EUR 1,448,100.44
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales
EUR 63,580,787.62
Inventory change + own costs (+/-)
EUR 1,897,707.28
Inventory change (+/-)
EUR 1,337,557.07
Capitalised own costs
EUR 560,150.21
Other operating income
EUR 1,924,925.89
Cost of materials
EUR 29,328,732.07
Raw materials and supplies, purchased
goods EUR 29,328,732.07
Gross result (+/-)
EUR 38,074,688.72
Staff expenses
EUR 19,596,988.10
Wages and salaries
EUR 16,646,683.56
Social security contributions and
expenses for pension plans and
benefits
EUR 2,950,304.54
Total depreciation
EUR 2,959,882.06
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 2,959,882.06
Other operating expenses
EUR 9,514,574.95
Operating result from continuing
operations
EUR 6,003,243.61
Interest
result (+/-) EUR -185,860.94
Interest and similar income
EUR 2,098.00
Interest and similar expenses
EUR 187,958.94
Other financial result
EUR 0.00
Income from securities and loans from
financial assets
EUR 12,524.90
Depreciation on financial assets and
marketable securities
EUR 12,524.90
Financial result (+/-) EUR -185,860.94
Result from ordinary operations (+/-)
EUR 5,817,382.67
Income tax / refund of income tax (+/-)EUR -1,532,711.45
Other taxes / refund of taxes
EUR -50,445.36
Tax
(+/-) EUR -1,583,156.81
Annual surplus / annual deficit
EUR 4,234,225.86
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 41,219,255.81
Fixed assets
EUR 16,330,117.88
Intangible assets
EUR 376,764.00
Concessions, licences, rights
EUR 376,764.00
Tangible assets
EUR 11,366,342.24
Land / similar rights
EUR 4,121,629.00
Plant / machinery
EUR 2,928,474.00
Other tangible assets / fixtures and
fittings
EUR 2,630,665.00
Advance payments made / construction
in progress
EUR 1,685,574.24
Financial assets EUR
4,587,011.64
Shares in participations /
subsidiaries and the like
EUR 4,587,011.64
Shares in related companies
EUR 4,259,011.64
Shares in investee companies
EUR 328,000.00
Current assets
EUR 24,864,211.63
Stocks
EUR 9,625,325.31
Raw materials, consumables and
supplies
EUR 4,737,369.39
Finished goods / work in progress
EUR 4,887,955.92
Accounts receivable
EUR 12,381,543.68
Trade debtors
EUR 10,492,201.36
Amounts due from related companies
EUR 747,094.18
Amounts due from investee companies EUR
898,609.33
Other debtors and assets
EUR 243,638.81
Liquid means
EUR 2,857,342.64
Remaining other assets
EUR 24,926.30
Accruals (assets)
EUR 24,926.30
LIABILITIES EUR 41,219,255.81
Shareholders' equity
EUR 25,160,418.45
Capital
EUR 4,000,000.00
Subscribed capital (share capital)
EUR 4,000,000.00
Reserves
EUR 9,680,998.93
Capital reserves
EUR 9,680,998.93
Balance sheet profit/loss (+/-)
EUR 11,479,419.52
Profit / loss brought forward
EUR 8,990,739.61
Annual surplus / annual deficit
EUR 2,488,679.91
Provisions
EUR 6,383,498.55
Pension provisions and comparable
provisions
EUR 3,174,812.00
Provisions for taxes
EUR 738,606.00
Other / unspecified provisions
EUR 2,470,080.55
Liabilities
EUR 9,675,338.81
Financial debts
EUR 5,051,080.00
Liabilities due to banks
EUR 5,051,080.00
Other liabilities
EUR 4,624,258.81
Trade creditors (for IAS incl. bills
of exchange)
EUR 808,801.72
Liabililties due to related companiesEUR 2,406,047.80
Unspecified other liabilities
EUR 1,409,409.29
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Sales
EUR 60,299,840.21
Inventory change + own costs (+/-)
EUR 972,559.79
Inventory change (+/-)
EUR 316,158.40
Capitalised own costs
EUR 656,401.39
Other operating income
EUR 839,461.73
Cost of materials
EUR 27,117,235.27
Raw materials and supplies, purchased
goods
EUR 27,117,235.27
Gross result (+/-)
EUR 34,994,626.46
Staff expenses
EUR 17,869,371.47
Wages and salaries
EUR 15,149,542.46
Social security contributions and
expenses for pension plans and
benefits
EUR 2,719,829.01
Total depreciation
EUR 2,707,818.74
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 2,707,818.74
Other operating expenses
EUR 9,699,258.28
Operating result from continuing
operations
EUR 4,718,177.97
Interest result (+/-)
EUR -567,457.61
Interest and similar income
EUR 2,622.50
Interest and similar expenses
EUR 570,080.11
Other financial result EUR 0.00
Income from securities and loans from
financial assets
EUR 11,928.48
Depreciation on financial assets and
marketable securities
EUR 11,928.48
Financial result (+/-)
EUR -567,457.61
Result from ordinary operations (+/-)
EUR 4,150,720.36
Income tax / refund of income tax (+/-)EUR -1,609,833.09
Other taxes / refund of taxes
EUR -52,207.36
Tax
(+/-)
EUR -1,662,040.45
Annual surplus / annual deficit
EUR 2,488,679.91
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.04 |
|
|
1 |
INR 92.28 |
|
Euro |
1 |
INR 80.62 |
|
Euro |
1 |
INR 80.36 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
Nis |
|
|
|
|
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.