|
|
|
MIRA INFORM REPORT
|
Report No. : |
501465 |
|
Report Date : |
31.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
STABILUS GMBH |
|
|
|
|
Registered Office : |
Wallersheimer Weg 100, D 56070 Koblenz |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
30.09.2016 |
|
|
|
|
Date of Incorporation : |
01.02.1934 |
|
|
|
|
Com. Reg. No.: |
HRB 40 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
· Manufacture of other parts and accessories for motor vehicles · Wholesale trade in motor vehicle parts and accessories |
|
|
|
|
No. of Employees : |
1,608 |
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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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 & address
STABILUS GMBH
Company Status: active
Wallersheimer Weg 100
D 56070 Koblenz
Telephone:0261/89000
Telefax: 0261/8900204
Homepage: www.stabilus.de
E-mail: info@stabilus.com
VAT no.: DE811140842
Tax ID number: 22/651/0104/1
LEGAL FORM Private Limited Company
Date of foundation: 01.02.1934
Registered on: 15.02.1934
Commercial Register: Local court 56068 Koblenz
under: HRB 40
Share capital: EUR 18,000,000.00
Shareholder:
Stable Beteiligungs GmbH
Wallersheimer Weg 100
D 56070 Koblenz
Legal form: Private limited company
Share capital: EUR 25,000.00
Share: EUR 18,000,000.00
Registered on: 21.10.2008
Reg. data: 56068 Koblenz, HRB 21301
Manager:
Johannes Paul Maria Pink
D 56154 Boppard
born: 07.05.1962
Manager:
Mark Wilhelms
Am Ommelstal 10
D 50129 Bergheim
born: 07.05.1960
President of the Supervisory Board:
Dietmar Siemssen
Luigi-Pirandello-Str. 1
D 53127 Bonn
born: 10.06.1963
Profession: Fully qualified economic
engineer
Marital status: unknown
Vice-president of the Supervisory Board:
Andreas Schröder
59, rue de la Forêt
L 1534 Luxembourg
Nationality: Luxembourg
Marital status: unknown
Member of the Supervisory Board:
Roberd Ewald Burg
Beatusstr. 56
D 56073 Koblenz
Profession: Engine fitter
Marital status: unknown
Proxy:
Martina Widmer
Steingasse 2
D 55218 Ingelheim
authorized to jointly represent the company
born: 10.06.1963
Marital status: single
Proxy:
Markus Lang
D 56068 Koblenz
born: 13.05.1967
Proxy:
Ralph Christian Huber
Edith-Falk-Str. 15
D 56743 Mendig
authorized to jointly represent the company
born: 20.08.1968
Proxy:
Ekkehard Wilhelm Kadenbach
D 56112 Lahnstein
authorized to jointly represent the company
born: 31.07.1959
Proxy:
Karsten Sander
D 56340 Dachsenhausen
authorized to jointly represent the company
born: 14.01.1965
Proxy:
Markus Heinrich Kühn
D 56859 Bullay
authorized to jointly represent the company
born: 25.12.1967
Further functions/participations of Johannes Paul Maria Pink
(Manager)
Proxy:
Stable Beteiligungs GmbH
Wallersheimer Weg 100
D 56070 Koblenz
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 21.10.2008
Reg. data: 56068 Koblenz, HRB 21301
Further functions/participations of Mark Wilhelms (Manager)
General partner:
Wilhelms-Huber GbR
D 53343 Wachtberg
Legal form: Partnership under the Civil Code
General partner:
Wilhelm Housing Vermögensverwaltungs KG
Am Ommelstal 10
D 50129 Bergheim
Legal form: Limited partnership
Total cap. EUR 7,000.00
contribution:
Registered
on: 16.12.2005
Reg. data: 50939 Köln, HRA 23420
Shareholder:
DISDAR GmbH
Rotherstr. 29
D 10245 Berlin
Legal form: Private limited company
insolvent
Share capital: EUR 29,828.00
Share: EUR 1,273.00
Registered
on: 24.10.2013
Reg. data: 14057 Berlin, HRB 153621 B
Shareholder:
Pyreg Beteiligungs GmbH
Trinkbornstr. 15-17
D 56281 Dörth
Legal form: Private limited company
Share capital: EUR 29,943.00
Share: EUR 557.00
Registered
on: 22.12.2017
Reg. data: 56068 Koblenz, HRB 25971
Manager:
ACE Stoßdämpfer GmbH
Albert-Einstein-Str. 15
D 40764 Langenfeld
Post Box:
15 10, D 40740 Langenfeld
Legal form: Private limited company
Share capital: EUR 25,650.00
Registered
on: 07.12.1978
Reg. data: 40227 Düsseldorf, HRB 44976
Manager:
Fabreeka GmbH Deutschland
Hessenring 13
D 64572 Büttelborn
Legal form: Private limited company
Share capital: EUR 25,564.59
Registered
on: 15.04.1997
Reg. data: 64283 Darmstadt, HRB 53830
Manager:
Stable Beteiligungs GmbH
Wallersheimer Weg 100
D 56070 Koblenz
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 21.10.2008
Reg. data: 56068 Koblenz, HRB 21301
Manager:
Stabilus Motion Controls GmbH
Albert-Einstein-Str. 15
D 40764 Langenfeld
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 12.01.2012
Reg. data: 40227 Düsseldorf, HRB 67114
Liquidator:
Blitz F10-neun GmbH
Wallersheimer Weg 100
D 56070 Koblenz
Legal form: Private limited company in
liquidation
Share capital: EUR 25,000.00
Registered
on: 04.12.2015
Reg. data: 56068 Koblenz, HRB 24871
COMPANY
HISTORY
company name and legal form
26.08.1994 - 08.01.2008 Stabilus Gesellschaft mit beschränkter
Haftung (bis 08.01.2008)
Wallersheimer Weg 100
D 56070 Koblenz
Private limited company
15.02.1934 - 26.08.1994 Stabilus GmbH mit beschränkter Haftung
Wallersheimer Weg 100
D 56070 Koblenz
Private limited company
RESIGNED
ACTING PERSONS AND SHAREHOLDERS
04.07.2016 - 14.04.2017 Member of the Supervisory Board
Andy Meiner
Molziger Str. 10
D 56754 Forst
27.07.2011 - 09.06.2016 Manager
Dietmar Siemssen
Luigi-Pirandello-Str. 1
D 53127 Bonn
06.08.2015 - 23.05.2016 President of the Supervisory Board
Udo Stark
Waldstr. 22
D 82335 Berg
24.11.2011 - 23.05.2016 Member of the Supervisory Board
Dr. Stephan Kessel
Salinenstr. 30
D 30952 Ronnenberg
24.11.2011 - 23.05.2016 Member of the Supervisory Board
Andy Meiner
Molziger Str. 10
D 56754 Forst
02.01.2008 - 15.10.2015 Manager
Ansgar Krötz
D 56068 Koblenz
26.05.2009 - 17.06.2015 Manager
Hans-Josef Hosan
D 56566 Neuwied
24.11.2011 - 26.05.2015 President of the Supervisory Board
Andi Klein
Königsteiner Str. 98a
D 65812 Bad Soden
BUSINESS
ACTIVITIES
Main industrial sector
29320 Manufacture of other parts and accessories for motor vehicles
4531 Wholesale trade in motor vehicle parts and accessories
FINANCIAL
INFORMATION
Payment experience: Regular
Negative information: We have no negative information at hand.
Balance sheet year: 2015/2016
PMI: No significant / relevant payment experience
information pertaining to the company
inquired upon is shown in the Deutscher
Debitoren Monitor (DDMonitor).
REAL
ESTATE
Type of ownership: proprietor
Share: 100.00 %
Address Wallersheimer Weg 100
D 56070 Koblenz
Land register documents were not available.
BANKERS
Principal bank
COMMERZBANK, 56004 KOBLENZ
Sort. code: 57040044
BIC: COBADEFFXXX
FINANCIAL
FIGURES
Turnover: 2015/2016 EUR 320,031,062.00
Profit: 2015/2016 EUR 26,344,062.00
Equipment: EUR 4,847,584.00
Ac/ts
receivable:
EUR 109,441,113.00
Liabilities: EUR 85,842,436.00
Real estate of the
firm: EUR 13,889,834.00
Total numbers of
vehicles: * 30
Employees:
1,608
- thereof permanent
staff:
1,528
- Trainees:
80
The business figures marked with an asterisk are estimates based
on average values in the line of business.
BALANCE
SHEETS
Balance sheet ratios 01.10.2015 - 30.09.2016
Equity ratio [%]: 44.64
Liquidity ratio: 0.56
Return on total capital [%]: 12.04
Balance sheet ratios 01.10.2014 - 30.09.2015
Equity ratio [%]: 47.25
Liquidity ratio: 0.55
Return on total capital [%]: 9.01
Balance sheet ratios 01.10.2013 - 30.09.2014
Equity ratio [%]: 53.64
Liquidity ratio: 0.80
Return on total capital [%]: 9.09
Balance sheet ratios 01.10.2012 - 30.09.2013
Equity ratio [%]: 60.44
Liquidity ratio: 1.59
Return on total capital [%]: 9.87
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: 01.10.2015 - 30.09.2016
ASSETS EUR 300,846,981.17
Fixed assets EUR 154,707,334.00
Intangible assets EUR 3,620,068.16
Concessions, licences, rights EUR 2,220,993.45
Advance payments for intang. assets EUR
1,399,074.71
Tangible assets EUR 45,936,016.54
Land / similar rights EUR 13,889,833.92
Plant / machinery EUR 17,286,678.43
Other tangible assets / fixtures and
fittings EUR 4,847,583.61
Advance payments made / construction
in progress EUR 9,911,920.58
Financial assets EUR 105,151,249.30
Shares in participations /
subsidiaries and the like EUR 96,351,249.30
Shares in related companies EUR 96,351,249.30
Loans to participations /
subsidiaries and the like EUR 8,800,000.00
Loans to related companies EUR 8,800,000.00
Current assets EUR 145,521,999.41
Stocks EUR 15,666,080.10
Raw materials, consumables and
supplies EUR 4,351,803.01
Finished goods / work in progress EUR 11,687,306.25
Advance payments made EUR 115,580.00
Minus received advance payments for
orders / installments for stocks EUR -488,609.16
Accounts receivable EUR 109,441,113.06
Trade debtors EUR 12,844,568.48
Amounts due from related companies EUR
92,710,468.48
Other debtors and assets EUR 3,886,076.10
Liquid means EUR 20,414,806.25
Remaining other assets EUR 617,647.76
Accruals (assets) EUR 617,647.76
LIABILITIES EUR 300,846,981.17
Shareholders' equity EUR 163,277,500.39
Capital EUR 18,000,000.00
Subscribed capital (share capital) EUR
18,000,000.00
Reserves EUR 138,830,718.41
Capital reserves EUR
132,800,000.00
Retained earnings / revenue reserves
EUR 6,030,718.41
Balance sheet profit/loss (+/-) EUR 6,446,781.98
Profit / loss brought forward EUR 6,446,781.98
Provisions EUR 51,727,044.76
Pension provisions and comparable
provisions EUR 33,970,518.00
Other / unspecified provisions EUR 17,756,526.76
Liabilities EUR 85,842,436.02
thereof total due to shareholders EUR
16,472,776.44
Other liabilities EUR 85,842,436.02
Trade creditors (for IAS incl. bills
of exchange) EUR 22,267,602.07
Liabililties due to related
companiesEUR 59,023,377.46
Unspecified other liabilities EUR 4,551,456.49
thereof liabilities from tax /
financial authorities EUR 1,088,349.14
thereof liabilities from social
security EUR 370,084.52
PROFIT AND LOSS
ACCOUNT (cost of sales method) according to Comm.
Code (HGB)
Sales EUR 320,031,061.92
Manufacturing costs EUR
245,599,539.41
Gross result on sales EUR 74,431,522.51
Distribution costs EUR 11,959,413.42
General administration expenses EUR 7,777,759.64
Research and development costs EUR 25,683,375.95
Other operating income EUR 4,974,267.61
Other operating expenses EUR 1,848,422.94
Operating result from continuing
operations EUR 32,136,818.17
Result from participating interests
(+/-) EUR 978,167.35
Expenses / income from participations
EUR 978,167.35
Income from related companies EUR
978,167.35
Interest result (+/-) EUR -902,494.34
Interest and similar income EUR 115,537.38
Interest and similar expenses EUR 1,018,031.72
Other financial result EUR
187,880.05
Income from securities and loans from
financial assets EUR 187,880.05
Financial result (+/-) EUR 263,553.06
Result from ordinary operations (+/-) EUR
32,400,371.23
Expenses for transfer of profits to a
parent company EUR 26,344,061.57
Income tax / refund of income tax
(+/-)EUR -6,056,309.66
Tax (+/-) EUR -6,056,309.66
Annual surplus / annual deficit EUR 0.00
Type of balance
sheet: Company balance sheet
Origin of the
present
balance sheet: electronic German Federal Gazette
Financial year: 01.10.2014 - 30.09.2015
ASSETS EUR 287,982,936.09
Fixed assets EUR 147,099,920.82
Intangible assets EUR 4,056,226.60
Concessions, licences, rights EUR 2,726,206.50
Advance payments for intang. assets EUR
1,330,020.10
Tangible assets EUR 38,921,204.69
Land / similar rights EUR 13,377,139.48
Plant / machinery EUR 11,277,492.02
Other tangible assets / fixtures and
fittings EUR 5,395,994.33
Advance payments made / construction
in progress EUR 8,870,578.86
Financial assets EUR 104,122,489.53
Shares in participations /
subsidiaries and the like EUR 95,322,489.53
Shares in related companies EUR 95,322,489.53
Loans to participations /
subsidiaries and the like EUR 8,800,000.00
Loans to related companies EUR 8,800,000.00
Current assets EUR 140,128,182.05
Stocks EUR 22,260,642.87
Raw materials, consumables and
supplies EUR 4,576,999.27
Finished goods / work in progress EUR
17,915,637.96
Advance payments made EUR 315,209.90
Minus received advance payments for
orders / installments for stocks EUR -547,204.26
Accounts receivable EUR 111,217,126.70
Amounts due from shareholders EUR 82,164,375.86
Trade debtors EUR 11,262,720.85
Amounts due from related companies EUR
13,284,299.33
Other debtors and assets EUR 4,505,730.66
Liquid means EUR 6,650,412.48
Remaining other assets EUR 754,833.22
Accruals (assets) EUR 754,833.22
LIABILITIES EUR 287,982,936.09
Shareholders' equity EUR 163,277,500.39
Capital EUR 18,000,000.00
Subscribed capital (share capital) EUR
18,000,000.00
Reserves EUR 138,830,718.41
Capital reserves EUR 132,800,000.00
Retained earnings / revenue reserves
EUR 6,030,718.41
Balance sheet profit/loss (+/-) EUR 6,446,781.98
Profit / loss brought forward EUR 6,446,781.98
Provisions EUR 49,115,489.58
Pension provisions and comparable
provisions EUR 34,850,305.00
Other / unspecified provisions EUR 14,265,184.58
Liabilities EUR 75,589,946.12
Other liabilities EUR 75,589,946.12
Trade creditors (for IAS incl. bills
of exchange) EUR 19,111,850.40
Liabilities due to shareholders EUR 16,130,280.14
Liabililties due to related
companiesEUR 35,581,847.65
Unspecified other liabilities EUR 4,765,967.93
thereof liabilities from tax /
financial authorities EUR 1,065,553.35
thereof liabilities from social
security EUR 359,441.47
Guarantees and other commitments EUR 462,000.00
Liability from creation of a security
interest for third parties EUR 462,000.00
PROFIT AND LOSS
ACCOUNT (cost of sales method) according to Comm.
Code (HGB)
Sales EUR 292,476,251.10
Manufacturing costs EUR 230,043,191.82
Gross result on sales EUR 62,433,059.28
Distribution costs EUR 12,132,923.30
General administration expenses EUR 5,713,952.51
Research and development costs EUR 22,940,700.79
Other operating income EUR 3,767,114.63
Other operating expenses EUR 3,393,233.42
Operating result from continuing
operations EUR 22,019,363.89
Result from participating interests
(+/-) EUR 4,050,128.42
Expenses / income from participations
EUR 4,050,128.42
Income from related companies EUR 4,050,128.42
Interest result (+/-) EUR -1,631,267.01
Interest and similar income EUR 449,504.22
thereof from related companies EUR 449,504.22
Interest and similar expenses EUR 2,080,771.23
thereof paid to related companies EUR
1,601,000.00
Other financial result EUR -2,593,178.16
Income from securities and loans from
financial assets EUR 1,440,894.80
thereof related companies EUR 1,440,894.80
Depreciation on financial assets and
marketable securities EUR 4,034,072.96
Financial result (+/-) EUR -174,316.75
Result from ordinary operations (+/-) EUR
21,845,047.14
Expenses for transfer of profits to a
parent company EUR 18,535,036.93
Income tax / refund of income tax
(+/-)EUR -3,310,010.21
Tax (+/-) EUR -3,310,010.21
Annual surplus / annual deficit EUR 0.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.04 |
|
|
1 |
INR 92.28 |
|
Euro |
1 |
INR 80.62 |
|
EUR |
1 |
INR 80.25 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TPT |
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.