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MIRA
INFORM REPORT
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Report No. : |
511451 |
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Report Date : |
25.05.2018 |
IDENTIFICATION DETAILS
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Name : |
NABERTHERM GMBH |
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Registered Office : |
Bahnhofstr.
20, D 28865 Lilienthal |
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Country : |
Germany |
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Financials (as on) : |
31.12.2015 |
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Date of Incorporation : |
1947 |
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Com. Reg. No.: |
HRB 121582 |
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Legal Form : |
Private limited company |
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Line of Business : |
Manufacture of ovens, furnaces and
furnace burners |
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No. of Employees : |
323 |
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+ |
Low Risk |
Business dealings permissible with low
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: Nabertherm
GmbH
Company
Status: active
Bahnhofstr. 20
D 28865 Lilienthal
Telephone: 04298/922-0
Telefax: 04298/922-129
Homepage:
www.nabertherm.com
E-mail: contact@nabertherm.com
VAT
no.: DE813108298
Tax ID
number: 36/212/10700
CONCLUSION
Business relations are permissible.
Company
summary
Legal Form Private limited company
Date of foundation: 1947
Shareholders'
agreement: 14.12.2000
Registered on: 22.01.2001
Commercial Register: Local court 29664 Walsrode
under: HRB
121582
Share capital: EUR 5,000,000.00
Shareholder:
Naber GmbH + Co. KG
Bahnhofstr. 18
D 28865 Lilienthal
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR 5,000,000.00
contribution:
Share: EUR 3,700,000.00
Registered on: 24.04.1957
Reg. data: 29664
Walsrode, HRA 120090
Shareholder:
Friedrich-Wilhelm Wentrot
Jürgen-Christian-Findorff-Str.
11
D 28865 Lilienthal
born: 31.03.1951
Share: EUR 1,300,000.00
Manager:
Friedrich-Wilhelm Wentrot
Jürgen-Christian-Findorff-Str.
11
D 28865 Lilienthal
having sole power of
representation
born: 31.03.1951
Marital status: married
Proxy:
Reinhard Ohlrogge
D 27412 Tarmstedt
having sole power of
representation
born: 23.07.1959
Proxy:
Michael Oberschmidt
D 28195 Bremen
having sole power of
representation
born: 20.01.1955
Profession: Businessman
Proxy:
Frank Michael Bartels
D 27726 Worpswede
having sole power of
representation
born: 26.08.1964
BUSINESS
ACTIVITIES
Main industrial sector
2821
Manufacture of ovens, furnaces and furnace burners
PARTICIPATIONS
Shareholder:
HERMES electronic GmbH
Am Handwerkerpark 1
D 45309 Essen
Legal form: Private
limited company
Company Status: active
Share capital: EUR 100,000.00
Share: EUR 50,000.00
Reg. data: 18.10.1983
Local court
45130 Essen
HRB 5783
FINANCIAL
INFORMATION
Payment experience: Regular
Negative information: We have no negative information at hand.
Balance sheet year: 2015
REAL
ESTATE
Type of ownership: Tenant
Address Bahnhofstr.
20
D 28865 Lilienthal
Land register documents were not available.
BANKERS
KREISSPARKASSE OSTERHOLZ, 27702
OSTERHOLZ-SCHARMBECK
Sort. code: 29152300, Account no.: 106112
BIC: BRLADE21OHZ, IBAN: DE17291523000000106112
DEUTSCHE BANK, 28189 BREMEN
Sort. code: 29070050, Account no.: 2506509
BIC: DEUTDEHBXXX, IBAN: DE44290700500250650900
COMMERZBANK VORMALS BREMER BANK (DRESDNER
BANK), 28079 BREMEN
Sort. code: 29080010, Account no.: 1064800
BIC: DRESDEFF290, IBAN: DE58290800100106480000
FINANCIAL FIGURES
Turnover: 2016 EUR 53,359,558.00
2017 *EUR 53,400,000.00
further business figures:
Equipment: EUR 1,033,854.00
Ac/ts receivable: EUR 3,943,014.00
Liabilities: EUR 5,317,782.00
Employees:
323
- thereof permanent staff: 300
- Trainees:
23
The business figures marked with an asterisk
are estimates based on average values in the line of business.
BALANCE
SHEETS
Balance sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]: 63.97
Liquidity ratio: 4.26
Return on total capital [%]: 22.41
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 62.75
Liquidity ratio: 2.07
Return on total capital [%]: 24.15
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 66.48
Liquidity ratio: 3.02
Return on total capital [%]: 25.06
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 60.60
Liquidity ratio: 9.98
Return on total capital [%]: 20.75
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: 01.01.2015
- 31.12.2015
ASSETS EUR
20,045,665.69
Fixed assets EUR 3,019,540.58
Intangible assets EUR 152,278.00
Concessions, licences, rights EUR 152,278.00
Tangible assets EUR 1,407,220.84
Plant / machinery EUR 373,367.00
Other tangible assets / fixtures and
fittings EUR 1,033,853.84
Financial assets EUR 1,460,041.74
Shares in participations /
subsidiaries and the like EUR 1,460,041.74
Shares in related companies EUR 783,709.19
Shares in investee companies EUR 676,332.55
Current assets EUR 16,834,097.81
Stocks EUR 7,206,841.00
Raw materials, consumables and
supplies EUR 2,747,379.76
Finished goods / work in progress EUR
4,459,461.24
Accounts receivable EUR 3,943,013.77
Trade debtors EUR 3,269,539.66
Amounts due from related companies EUR 181,904.30
Other debtors and assets EUR 491,569.81
Investments in current assets EUR 1,292,852.82
Liquid means EUR 4,391,390.22
Remaining other assets EUR 192,027.30
Accruals (assets) EUR 192,027.30
LIABILITIES EUR 20,045,665.69
Shareholders' equity EUR 12,822,352.69
Capital EUR 5,000,000.00
Subscribed capital (share capital) EUR
5,000,000.00
Reserves EUR 2,967,011.99
Retained earnings / revenue reserves
EUR 2,967,011.99
Balance sheet profit/loss (+/-) EUR 4,855,340.70
Profit / loss brought forward EUR 362,892.28
Annual surplus / annual deficit EUR 4,492,448.42
Provisions EUR 1,905,531.13
Provisions for taxes EUR 167,468.13
Other / unspecified provisions EUR 1,738,063.00
Liabilities EUR 5,317,781.87
Other liabilities EUR 5,317,781.87
Trade creditors (for IAS incl. bills
of exchange) EUR 1,064,807.66
Liabilities from received advance
payments EUR 3,575,252.89
Liabililties due to related
companiesEUR 256,803.00
Liabilities due to investee
companiesEUR 65,918.43
Unspecified other liabilities EUR 354,999.89
thereof liabilities from tax /
financial authorities EUR 305,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 53,359,558.01
Inventory change + own costs (+/-) EUR
-1,175,972.06
Inventory change (+/-) EUR -1,175,972.06
Other operating income EUR 263,263.48
Cost of materials EUR 17,268,145.40
Raw materials and supplies, purchased
goods EUR 17,218,116.40
Purchased services EUR 50,029.00
Gross result (+/-) EUR 35,178,704.03
Staff expenses EUR 15,419,071.72
Wages and salaries EUR 12,923,741.26
Social security contributions and
expenses for pension plans and
benefits EUR 2,495,330.46
Total depreciation EUR 467,673.34
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 467,673.34
Other operating expenses EUR 13,599,089.24
Operating result from continuing
operations EUR 5,692,869.73
Result from participating interests
(+/-) EUR 497,495.86
Expenses / income from participations
EUR 497,495.86
Income from related companies EUR 497,495.86
Interest result (+/-) EUR 54,151.37
Interest and similar income EUR 61,459.37
Interest and similar expenses EUR 7,308.00
Other financial result EUR 2,270.88
Income from securities and loans from
financial assets EUR 10,695.68
Depreciation on financial assets and
marketable securities EUR 8,424.80
Financial result (+/-) EUR 553,918.11
Result from ordinary operations (+/-) EUR
6,246,787.84
Income tax / refund of income tax
(+/-)EUR -1,749,848.03
Other taxes / refund of taxes EUR -4,491.39
Tax (+/-) EUR -1,754,339.42
Annual surplus / annual deficit EUR 4,492,448.42
Type of balance sheet: Company
balance sheet
Origin of the present balance sheet: electronic
German Federal Gazette
Financial year: 01.01.2014
- 31.12.2014
ASSETS EUR 21,878,815.23
Fixed assets EUR 3,043,188.58
Intangible assets EUR 57,415.00
Concessions, licences, rights EUR 57,415.00
Tangible assets EUR 1,525,731.84
Plant / machinery EUR 475,251.00
Other tangible assets / fixtures and
fittings EUR 1,050,480.84
Financial assets EUR 1,460,041.74
Shares in participations /
subsidiaries and the like EUR 1,460,041.74
Shares in related companies EUR 783,709.19
Shares in investee companies EUR 676,332.55
Current assets EUR 18,629,168.18
Stocks EUR 8,641,257.65
Raw materials, consumables and
supplies EUR 3,005,824.35
Finished goods / work in progress EUR
5,635,433.30
Accounts receivable EUR 3,509,467.31
Trade debtors EUR
2,784,051.01
Amounts due from related companies EUR 148,258.04
Other debtors and assets EUR 577,158.26
Investments in current assets EUR 1,723,404.12
Other investments EUR 1,723,404.12
Liquid means EUR 4,755,039.10
Remaining other assets EUR 206,458.47
Accruals (assets) EUR 206,458.47
LIABILITIES
EUR 21,878,815.23
Shareholders' equity EUR 13,729,903.99
Capital EUR 5,000,000.00
Subscribed capital (share capital) EUR
5,000,000.00
Reserves EUR 2,967,011.99
Retained earnings / revenue reserves
EUR 2,967,011.99
Balance sheet profit/loss (+/-) EUR 5,762,892.00
Profit / loss brought forward EUR 479,340.59
Annual surplus / annual deficit EUR 5,283,551.41
Provisions EUR 1,697,432.68
Provisions for taxes EUR 498,086.68
Other / unspecified provisions EUR 1,199,346.00
Liabilities EUR 6,451,478.56
Other liabilities EUR 6,451,478.56
Trade creditors (for IAS incl. bills
of exchange) EUR 884,257.08
Liabilities from received advance
payments EUR 4,919,154.06
Liabililties due to related
companiesEUR 243,682.05
Liabilities due to investee
companiesEUR 40,845.82
Unspecified other liabilities EUR 363,539.55
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 51,406,917.12
Inventory change + own costs (+/-) EUR
963,954.38
Inventory change (+/-) EUR 963,954.38
Other operating income EUR 344,819.31
Cost of materials EUR 18,747,530.07
Raw materials and supplies, purchased
goods EUR 18,640,859.19
Purchased services EUR 106,670.88
Gross result (+/-) EUR 33,968,160.74
Staff expenses EUR 14,330,896.81
Wages and salaries EUR 12,040,023.47
Social security contributions and
expenses for pension plans and
benefits EUR 2,290,873.34
Total depreciation EUR 442,308.09
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 442,308.09
Other operating expenses EUR 12,127,461.34
Operating result from continuing
operations EUR 7,067,494.50
Result from participating interests
(+/-) EUR 247,306.55
Expenses / income from participations
EUR 247,306.55
Income from related companies EUR 247,306.55
Interest result (+/-) EUR 77,225.67
Interest and similar income EUR 79,926.08
Interest and similar expenses EUR 2,700.41
Other financial result EUR -18,317.64
Depreciation on financial assets and
marketable securities EUR 18,317.64
Financial result (+/-) EUR 306,214.58
Result from ordinary operations (+/-) EUR
7,373,709.08
Income tax / refund of income tax
(+/-)EUR -2,085,536.06
Other taxes / refund of taxes EUR -4,621.61
Tax (+/-) EUR -2,090,157.67
Annual surplus / annual deficit EUR 5,283,551.41
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 68.39 |
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|
1 |
INR 91.44 |
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Euro |
1 |
INR 80.04 |
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Euro |
1 |
INR 78.95 |
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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VIV |
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Report Prepared
by : |
KET |
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.