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MIRA INFORM REPORT
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Report No. : |
508428 |
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Report Date : |
14.05.2018 |
IDENTIFICATION DETAILS
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Name : |
ZIPPO GMBH |
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Registered Office : |
Groendahlscher Weg 87, D 46446 Emmerich |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
1932 |
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Com. Reg. No.: |
HRB 3065 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Non-specialized wholesale of raw materials and half-finished
and finished goods |
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No. of Employees : |
15 |
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 : |
No Complaints |
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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
ZIPPO GMBH
Company Status: active
Groendahlscher Weg 87
D 46446 Emmerich
Telephone:02822/7134100
Telefax: 02822/600650
Homepage: www.zippo.de
E-mail: mail@zippo.de
VAT no.: DE161501806
LEGAL FORM Private Limited Company
Date of foundation: 1932
Shareholders'
agreement: 06.12.1993
Registered on: 31.08.1994
Commercial Register: Local court 47533 Kleve
under: HRB 3065
Share capital: EUR 25,564.59
Shareholder:
GHS S.à r.l.
rue Eugène Ruppert
L 2453 Luxemburg
Legal form: Other legal form
Share: EUR 25,564.59
Manager:
Guido Heuvelmann
Am Dudel 52
D 46446 Emmerich
having sole power of representation
born: 30.05.1968
Marital status: single
Further functions/participations of Guido Heuvelmann (Manager)
Shareholder:
Medienhaus Kuper GmbH
Eduard-Mörike-Str. 36
D 52249 Eschweiler
Legal form: Private limited company
insolvent
Share capital: EUR 25,000.00
Share: EUR 3,125.00
Registered
on: 31.10.2012
Reg. data: 52349 Düren, HRB 6440
BUSINESS
ACTIVITIES
Main industrial sector
46901 Non-specialized wholesale of raw materials and half-finished and finished goods
FINANCIAL
INFORMATION
Payment experience: No Complaints
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).
REAL
ESTATE
Type of ownership: Tenant
Address Groendahlscher Weg 87
D 46446 Emmerich
Real Estate of: Guido Heuvelmann
Type of ownership: Tenant
Address King's-Lynn-Str. 3
D 46446 Emmerich
Land register documents were not available.
BANKERS
Principal bank
VR-BANK WESTMÜNSTERLAND, 48653 COESFELD
Sort. code: 42861387
BIC: GENODEM1BOB, IBAN: DE07428613870625859801
FINANCIAL
FIGURES
Turnover: 2016 EUR 14,343,641.00
Profit: 2016 EUR 531,470.00
Equipment: EUR 97,901.00
Ac/ts
receivable:
EUR 2,847,252.00
Liabilities: EUR 1,388,279.00
Employees:
15
BALANCE
SHEETS
Balance sheet ratios 01.01.2016 - 31.12.2016
Equity ratio [%]: 76.30
Liquidity ratio: 10.00
Return on total capital [%]: 7.44
Balance sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]: 82.96
Liquidity ratio: 10.00
Return on total capital [%]: 4.07
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 79.31
Liquidity ratio: 10.00
Return on total capital [%]: 12.90
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 88.96
Liquidity ratio: 10.00
Return on total capital [%]: 13.89
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 7,193,150.42
Fixed assets EUR 158,050.08
Intangible assets EUR 60,148.93
Concessions, licences, rights EUR 35,574.05
Goodwill EUR 24,574.88
Tangible assets EUR 97,901.15
Other tangible assets / fixtures and
fittings EUR 97,901.15
Current assets EUR 6,983,584.51
Stocks EUR 2,552,026.96
Finished goods / work in progress EUR
2,552,026.96
Accounts receivable EUR 2,847,252.27
Trade debtors EUR 1,920,409.21
Amounts due from related companies EUR 527,430.74
Other debtors and assets EUR 399,412.32
Liquid means EUR 1,584,305.28
Remaining other assets EUR 51,515.83
Accruals (assets) EUR 51,515.83
LIABILITIES EUR 7,193,150.42
Shareholders' equity EUR 5,499,394.47
Capital EUR 25,564.59
Subscribed capital (share capital) EUR 25,564.59
Reserves EUR 1,278,229.70
Capital reserves EUR 1,278,229.70
Balance sheet profit/loss (+/-) EUR 4,195,600.18
Profit / loss brought forward EUR 3,664,130.27
Annual surplus / annual deficit EUR 531,469.91
Provisions EUR 305,476.91
Other / unspecified provisions EUR 305,476.91
Liabilities EUR 1,388,279.04
Other liabilities EUR 1,388,279.04
Trade creditors (for IAS incl. bills
of exchange) EUR 125,478.62
Liabililties due to related
companiesEUR 1,151,894.35
Unspecified other liabilities EUR
110,906.07
thereof liabilities from tax /
financial authorities EUR 79,429.50
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Sales EUR 14,343,641.49
Other operating income EUR 412,261.65
Cost of materials EUR 11,188,524.50
Raw materials and supplies, purchased
goods EUR 11,159,171.09
Purchased services EUR 29,353.41
Gross result (+/-) EUR 3,567,378.64
Staff expenses EUR 900,253.34
Wages and salaries EUR 771,172.61
Social security contributions and
expenses for pension plans and
benefits EUR 129,080.73
Total depreciation EUR 132,221.27
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 132,221.27
Other operating expenses EUR 1,768,342.95
Operating result from continuing
operations EUR 766,561.08
Interest result (+/-) EUR 483.32
Interest and similar income EUR 495.55
Interest and similar expenses EUR 12.23
Financial result (+/-) EUR 483.32
Result from ordinary operations (+/-) EUR
767,044.40
Income tax / refund of income tax
(+/-)EUR -233,229.60
Other taxes / refund of taxes EUR -2,344.89
Tax (+/-) EUR -235,574.49
Annual surplus / annual deficit EUR 531,469.91
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 5,956,241.52
Fixed assets EUR 278,406.06
Intangible assets EUR 105,628.71
Concessions, licences, rights EUR
64,378.85
Goodwill EUR 41,249.86
Tangible assets EUR 172,777.35
Other tangible assets / fixtures and
fittings EUR 172,777.35
Current assets EUR 5,655,559.01
Stocks EUR 2,387,876.83
Finished goods / work in progress EUR
2,387,876.83
Accounts receivable EUR 1,989,183.18
Trade debtors EUR 1,417,520.64
Amounts due from related companies EUR 174,716.26
Other debtors and assets EUR 396,946.28
Liquid means EUR 1,278,499.00
Remaining other assets EUR 22,276.45
Accruals (assets) EUR 22,276.45
LIABILITIES EUR 5,956,241.52
Shareholders' equity EUR 4,967,924.56
Capital EUR 25,564.59
Subscribed capital (share capital) EUR 25,564.59
Reserves EUR 1,278,229.70
Capital reserves EUR 1,278,229.70
Balance sheet profit/loss (+/-) EUR 3,664,130.27
Profit / loss brought forward EUR 3,427,928.37
Annual surplus / annual deficit EUR 236,201.90
Provisions EUR 307,475.18
Other / unspecified provisions EUR 307,475.18
Liabilities EUR 680,841.78
Other liabilities EUR 680,841.78
Trade creditors (for IAS incl. bills
of exchange) EUR 47,966.80
Liabililties due to related
companiesEUR 595,904.50
Unspecified other liabilities EUR 36,970.48
thereof liabilities from tax /
financial authorities
EUR 0.00
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Sales EUR 9,949,081.79
Other operating income EUR 587,006.13
Cost of materials EUR 7,663,932.76
Raw materials and supplies, purchased
goods EUR 7,639,470.27
Purchased services EUR 24,462.49
Gross result (+/-) EUR 2,872,155.16
Staff expenses EUR 936,563.37
Wages and salaries EUR 812,557.36
Social security contributions and
expenses for pension plans and
benefits EUR 124,006.01
Total depreciation EUR 134,864.16
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 134,864.16
Other operating expenses EUR 1,453,708.15
Operating result from continuing
operations EUR 347,019.48
Interest result (+/-) EUR 4,563.54
Interest and similar income EUR 4,567.26
Interest and similar expenses EUR 3.72
Financial result (+/-) EUR 4,563.54
Result from ordinary operations (+/-) EUR
351,583.02
Income tax / refund of income tax
(+/-)EUR -113,766.31
Other taxes / refund of taxes EUR -1,614.81
Tax (+/-) EUR -115,381.12
Annual surplus / annual deficit EUR 236,201.90
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 67.22 |
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|
1 |
INR 90.87 |
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Euro |
1 |
INR 80.09 |
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EUR |
1 |
INR 80.52 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
NIS |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
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 |
|
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 |
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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.