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MIRA INFORM REPORT
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Report No. : |
511467 |
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Report Date : |
28.05.2018 |
IDENTIFICATION DETAILS
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Name : |
SKODOCK VERWALTUNGS- UND VERTRIEBS-GMBH |
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Registered Office : |
Heinrich-Nordhoff-Ring 2, D 30826 Garbsen, Post Box: 14 13 29, D 30813
Garbsen |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
30.06.1999 |
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Com. Reg. No.: |
HRB 201956 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
· Manufacture of other fabricated metal products n.e.c. · Wholesale of other machinery, equipment and supplies · Activities of holding companies · Engineering activities in the field of technical sectoral planning and engineering design |
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No. of Employees : |
20 |
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 and Address
SKODOCK VERWALTUNGS-
UND VERTRIEBS-GMBH
Company Status: Active
Heinrich-Nordhoff-Ring 2
D 30826 Garbsen
Post Box:
14 13 29, D 30813 Garbsen
Telephone:05131/445-0
Telefax: 05131/445-500
Homepage: www.skodock-elasteflex.com
E-mail: info@skodock.de
VAT no.: DE202709046
Tax ID number: 27/200/35852
Company Summary
LEGAL FORM Private limited company
Date of foundation: 30.06.1999
Shareholders'
agreement: 30.06.1999
Registered on: 03.08.2007
Commercial Register: Local court 30175 Hannover
under: HRB 201956
Share capital
EUR 1,169,000.00
Shareholder:
Hansa-Flex Armerding Gesellschaft mit
beschränkter Haftung
An der Autobahn 15
D 28876 Oyten
Legal form: Private limited company
Share capital: EUR 3,070,000.00
Share: EUR 1,169,000.00
Registered on: 02.09.2004
Reg. data: 29664 Walsrode, HRB 122387
Manager:
Uwe Dirk Raskopf
D 53894 Mechernich
having sole power of representation
born: 16.06.1963
Marital status: single
Manager:
Thorsten Armerding
D 28195 Bremen
having sole power of representation
born: 21.01.1972
Further functions/participations of Uwe Dirk Raskopf (Manager)
Manager:
Skodock GmbH
Heinrich-Nordhoff-Ring 2
D 30826 Garbsen
Post Box:
14 13 29, D 30813 Garbsen
Legal form: Private limited company
Share capital: EUR 1,000,000.00
Registered
on: 12.12.2001
Reg. data: 30175 Hannover, HRB 110984
Further functions/participations of Thorsten Armerding (Manager)
Manager:
Lyra Handelsges. mbH
An der Autobahn 15
D 28876 Oyten
Legal form: Private limited company
Share capital: EUR 1,000,000.00
Registered
on: 21.02.1989
Reg. data: 28195 Bremen, HRB 12346 HB
Manager:
Skodock GmbH
Heinrich-Nordhoff-Ring 2
D 30826 Garbsen
Post Box:
14 13 29, D 30813 Garbsen
Legal form: Private limited company
Share capital: EUR 1,000,000.00
Registered
on: 12.12.2001
Reg. data: 30175 Hannover, HRB 110984
Manager:
Hansa-Flex Beteiligungs-GmbH
An der Autobahn 15
D 28876 Oyten
Legal form: Private limited company
Share capital: EUR 125,400.00
Registered
on: 16.06.2004
Reg. data: 29664 Walsrode, HRB 122335
Manager:
Hansa-Flex Armerding Gesellschaft mit
beschränkter Haftung
An der Autobahn 15
D 28876 Oyten
Legal form: Private limited company
Share capital: EUR 3,070,000.00
Registered
on: 02.09.2004
Reg. data: 29664 Walsrode, HRB 122387
COMPANY HISTORY
Company name and legal form
03.08.2007 - 08.10.2007 Hans Skodock GmbH (bis 08.10.2007)
Heinrich-Nordhoff-Ring 2
D 30826 Garbsen
Private limited company
17.06.2004 - 03.08.2007 Hans Skodock GmbH
D 28876 Oyten
Private limited company
30.06.1999 - 17.06.2004 Hans Skodock GmbH
Zum Panrepel 44
D 28307 Bremen
Private limited company
RESIGNED ACTING PERSONS AND SHAREHOLDERS
04.06.2007 - 28.12.2016 Manager
Jan Güttler
D 28195 Bremen
06.11.2007 - 01.09.2016 Manager
Holger Braun
D 31515 Wunstorf
BUSINESS ACTIVITIES
Main industrial
sector
2599 Manufacture of other fabricated metal products n.e.c.
Secondary industrial
sector
4669 Wholesale of other machinery, equipment and supplies
6420 Activities of holding companies
71122 Engineering activities in the field of technical sectoral planning andengineering design
PARTICIPATIONS
Shareholder:
Skodock GmbH
Heinrich-Nordhoff-Ring 2
D 30826 Garbsen
Post Box:
14 13 29
Legal form: Private limited company
Company Status: active
Share capital: EUR 1,000,000.00
Share: EUR 1,000,000.00
Reg. data: 12.12.2001
Local court 30175 Hannover
HRB 110984
FINANCIAL INFORMATION
Payment experience: cash discount/within agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2016
REAL ESTATE
Type of ownership: Tenant
Address Heinrich-Nordhoff-Ring 2
D 30826 Garbsen
Real Estate of: Uwe Dirk Raskopf
Type of ownership: Tenant
Address Im Rottland 49
D 50354 Hürth
Land register documents were not available.
BANKERS
A bank connection is unknown.
FINANCIAL FIGURES
Turnover: 2017 EUR 10,874,000.00
Profit: 2016 EUR 456,409.00
further business
figures:
Ac/ts
receivable: EUR 3,534,905.00
Liabilities: EUR 5,487,290.00
Employees:
20
BALANCE SHEETS
Balance sheet ratios
01.01.2016 - 31.12.2016
Equity ratio
[%]: 59.11
Liquidity
ratio: 1.38
Return on total
capital [%]: 6.70
Balance sheet ratios
01.01.2015 - 31.12.2015
Equity ratio
[%]: 69.54
Liquidity
ratio: 2.33
Return on total
capital [%]: 0.24
Balance sheet ratios
01.01.2014 - 31.12.2014
Equity ratio
[%]: 77.73
Liquidity
ratio: 4.48
Return on total
capital [%]: 0.80
Balance sheet ratios
01.01.2013 - 31.12.2013
Equity ratio
[%]: 84.74
Liquidity
ratio: 8.81
Return on total
capital [%]: -14.12
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 6,820,979.74
Fixed assets EUR 1,397,351.00
Intangible assets EUR 15,818.00
Tangible assets EUR 238,533.00
Financial assets EUR 1,143,000.00
Current assets EUR 5,413,616.95
Stocks EUR 1,809,728.68
Accounts receivable EUR 3,534,905.05
Liquid means EUR 68,983.22
Remaining other assets EUR 10,011.79
Accruals (assets) EUR 10,011.79
LIABILITIES EUR 6,820,979.74
Shareholders' equity EUR 1,174,442.20
Capital EUR 1,169,000.00
Subscribed capital (share capital) EUR
1,169,000.00
Balance sheet profit/loss (+/-) EUR 5,442.20
Profit / loss brought forward EUR -450,966.84
Annual surplus / annual deficit EUR 456,409.04
Provisions EUR 159,247.70
Liabilities EUR 5,487,289.84
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 5,721,493.24
Fixed assets EUR 1,481,042.00
Intangible assets EUR 14,587.00
Tangible assets EUR 323,455.00
Financial assets EUR 1,143,000.00
Current assets EUR 4,230,941.89
Stocks EUR 958,337.73
Accounts receivable EUR 2,993,073.48
Liquid means EUR 279,530.68
Remaining other assets EUR 9,509.35
Accruals (assets) EUR 9,509.35
LIABILITIES EUR 5,721,493.24
Shareholders' equity EUR 718,033.16
Capital EUR 1,169,000.00
Subscribed capital (share capital) EUR
1,169,000.00
Balance sheet profit/loss (+/-) EUR -450,966.84
Profit / loss brought forward EUR -464,551.34
Annual surplus / annual deficit EUR 13,584.50
Provisions EUR 179,143.70
Liabilities EUR 4,824,316.38
There may have been some changes since our last research took place. Therefore, a freshly researched report will follow shortly.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 68.26 |
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1 |
INR 91.22 |
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Euro |
1 |
INR 79.88 |
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EUR |
1 |
INR 78.87 |
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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PRA |
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Report Prepared
by : |
NIT |
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
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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.