|
|
|
MIRA INFORM REPORT
|
Report No. : |
506603 |
|
Report Date : |
03.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
J. SCHLENTER PRODUCTION GMBH |
|
|
|
|
Registered Office : |
Am Gut Wolf 13, D 52070 Aachen |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
04.03.2005 |
|
|
|
|
Com. Reg. No.: |
HRB 12960 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
· Manufacture of cutlery of non-precious metals ·
Wholesale of other equipment and
accessories for machinery and technical supplies |
|
|
|
|
No. of Employees : |
26 |
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 : |
No Complaints |
|
|
|
|
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: J.
Schlenter Production GmbH
Company
Status: active
Am Gut Wolf 13
D 52070 Aachen
Telephone: 0241/505000
Telefax:
0241/533540
Homepage: www.schlenter.com
E-mail:
info@schlenter.com
VAT no.: DE121676276
CONCLUSION
Business relations are permissible.
COMPANY
SUMMARY
Legal Form Private
limited company
Date of foundation: 04.03.2005
Begin of business
activities: 04.03.2005
Shareholders'
agreement: 04.03.2005
Registered
on: 31.03.2005
Commercial Register: Local court 52070 Aachen
under: HRB
12960
Share capital: EUR 75,000.00
Shareholder:
J. Schlenter GmbH &
Cie. KG
Am Gut Wolf 13
D 52070 Aachen
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR 450,000.00
contribution:
Share: EUR 67,500.00
Registered on: 05.01.1865
Reg. data: 52070 Aachen,
HRA 390
Shareholder:
Aquisgrana Treuhand GmbH
Wirtschaftsprüfungsgesellschaft -
Steuerberatungsgesellschaft
Wilhelmstr. 27
D 52070 Aachen
Legal form: Private
limited company
Share capital: EUR 25,600.00
Share: EUR 7,500.00
Registered on: 21.02.1991
Reg. data: 52070 Aachen,
HRB 788
Manager:
Ralf Voss
D 52477 Alsdorf
having sole power of
representation
born: 07.10.1961
Profession: Factory
manager
Marital status: unknown
Manager:
Tobias Wiemers
D 52070 Aachen
having sole power of
representation
born: 05.03.1978
Profession: Industrial
manager
Marital status: unknown
COMPANY
HISTORY
company name and legal form
31.03.2005 - 03.01.2017 J. Schlenter Production GmbH
Oligsbendengasse 20
D 52070 Aachen
Private limited
company
RESIGNED ACTING PERSONS AND SHAREHOLDERS
15.04.2005 - 03.01.2017 Manager
Gerhard Wiemers
D 52062 Aachen
BUSINESS
ACTIVITIES
Main industrial sector
25710
Manufacture of cutlery of non-precious metals
46693 Wholesale of other equipment and accessories
for machinery and technical supplies
FINANCIAL
INFORMATION
Payment experience: No
complaints
Negative information: We have no negative information at hand.
Balance sheet year: 2016
REAL ESTATE
Type of ownership: Tenant
Address Am
Gut Wolf 13
D 52070 Aachen
Land register documents were not available.
BANKERS
SPARKASSE AACHEN, 52059 AACHEN
Sort. code: 39050000
BIC: AACSDE33XXX
FINANCIAL
FIGURES
Turnover: 2017 *EUR 2,750,000.00
Equipment: *EUR 198,000.00
Ac/ts receivable: EUR 228,886.00
Liabilities: EUR 181,364.00
Employees:
26
-
thereof permanent staff: 18
-
Part-time employees: 8
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 [%]: 64.36
Liquidity ratio: 4.40
Return on total capital [%]: 7.62
Balance
sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]: 67.39
Liquidity ratio: 1.62
Return on total capital [%]: 0.33
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 69.64
Liquidity ratio: 10.00
Return on total capital [%]: 9.43
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 66.59
Liquidity ratio: 5.01
Return on total capital [%]: 10.73
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 883,741.46
Fixed assets
EUR 33,969.00
Tangible assets EUR 33,969.00
Current assets
EUR 849,772.46
Stocks
EUR 498,908.57
Accounts receivable
EUR 228,886.46
Liquid means EUR 121,977.43
LIABILITIES EUR 883,741.46
Shareholders' equity
EUR 561,415.63
Capital
EUR 75,000.00
Subscribed
capital (share capital) EUR 75,000.00
Reserves
EUR 75,000.00
Retained earnings / revenue reserves EUR 75,000.00
Balance sheet profit/loss (+/-)
EUR 411,415.63
Balance sheet profit / loss
EUR 411,415.63
Provisions
EUR 140,961.78
Liabilities
EUR 181,364.05
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 733,128.59
Fixed assets
EUR 45,928.00
Tangible assets
EUR 45,928.00
Current assets
EUR 675,658.73
Stocks
EUR 482,046.83
Accounts receivable EUR 147,353.27
Liquid means
EUR 46,258.63
Remaining other assets
EUR 11,541.86
Accruals (assets)
EUR 11,541.86
LIABILITIES
EUR 733,128.59
Shareholders' equity
EUR 494,030.53
Capital
EUR 75,000.00
Subscribed capital (share capital)
EUR 75,000.00
Reserves EUR 75,000.00
Retained earnings / revenue reserves EUR 75,000.00
Balance sheet profit/loss (+/-)
EUR 344,030.53
Balance sheet profit / loss
EUR 344,030.53
Provisions
EUR 101,972.00
Liabilities
EUR 137,126.06
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 66.66 |
|
|
1 |
INR 90.66 |
|
Euro |
1 |
INR 80.01 |
|
Euro |
1 |
INR 79.84 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
SYL |
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.