MIRA
INFORM REPORT
|
Report Date : |
04.07.2011 |
IDENTIFICATION DETAILS
|
Correct Name : |
PAUL JOST GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG |
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Registered Office : |
Weseler Str. 51 D 45478 Mülheim |
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Country : |
Germany |
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Financials (as on) : |
31.08.2009 |
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Year of Establishment : |
1923 |
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Com. Reg. No.: |
HRB 15292 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesale of waste and scrap |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
250,000 EUR |
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Status : |
Satisfactory |
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Germany |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
NOTE:
The subject of your inquiry is a branch. We are reporting on the
headquarters.
Name and address
Paul Jost Gesellschaft mit beschränkter Haftung
Company Status: active
Main
address:
Weseler Str. 51
D 45478 Mülheim
Telephone:0208/58897-0
Telefax: 0208/58897-50
E-mail:
paul-jost-gmbh@t-online.de
Registration data
LEGAL FORM Private limited company
Date of foundation: 1923
Shareholders'
agreement: 23.06.1978
Registered on: 20.07.1995
Commercial Register: Local court
47051 Duisburg
under: HRB 15292
Share capital
EUR 10,000,000.00
Shareholder
Konrad Jost
Sellscheidt 20
D 45257 Essen
born: 10.03.1974
Share: EUR 10,000,000.00
Manager
Michael Prahl
Ardeyer Str. 74
D 58730 Fröndenberg
born: 17.08.1962
Profession: Businessman
Manager:
Roland Friedrich
D 35716 Dietzhölztal
born: 26.04.1962
Proxy
Klaus-Dieter Helsper
D 42549 Velbert
authorized to jointly represent the company
born: 05.09.1965
Proxy:
Olaf Schneider
D 57258 Freudenberg
authorized to jointly represent the company
born: 15.09.1967
Further functions/participations of Michael Prahl (Manager)
Manager:
Rohstoff Recycling Hagen GmbH
Buschmühlenstr. 54
D 58093 Hagen
Legal form: Private limited company
dissolved
Share capital: EUR 110,000.00
Registered
on:
09.03.1995
Reg. data:
58097 Hagen, HRB 3173
COMPANY HISTORY
1923 - 31.01.1948 Paul Jost
Fuldastr.
26
D 47051 Duisburg
Unregistered commercial enterprise
31.01.1948 - 21.07.1970 Paul Jost
Gesellschaft mit beschränkter
Haftung
Fuldastr.
26
D 47051 Duisburg
Private
limited company
21.07.1970 - 21.07.1978 Paul Jost
KG
Fuldastr.
26
D 47051
Duisburg
Limited
partnership
21.07.1978 - 20.07.1995 Paul Jost
Gesellschaft mit beschränkter
Haftung
Fuldastr.
26
D 47051
Duisburg
Private
limited company
BUSINESS ACTIVITIES
Sectors
46770 Wholesale of waste and
scrap
BRANCHES AND FACTORIES
Branch:
Paul Jost GmbH - Verwaltung -
Heerstr. 20
D 44653 Herne
TEL.: 02325/95960
FAX.: 02325/959650
Branch:
Paul Jost Gesellschaft mit beschränkter
Haftung Zweigniederlassung Siegen
Industriestr. 1
D 57076 Siegen
TEL.: 0271/7209-0
FAX.: 0271/77209-10
Reg. entry: 08.08.1978
Branch:
Paul Jost GmbH
Ochsenzoller Str. 16
D 22848 Norderstedt
Branch:
Paul Jost Gesellschaft mit beschränkter
Haftung
Buschmühlenstr. 54
D 58093 Hagen
Branch:
Paul Jost GmbH
Karlstr. 41a
D 32423 Minden
TEL.: 0571/8891870
PARTICIPATIONS
Shareholder:
Jost Stahlschrott GmbH
Weseler Str. 51
D 45478 Mülheim
Legal form: Private limited company
Company Status: active
Share capital: EUR 1,000,000.00
Share: EUR 750,000.00
Reg. data:
11.08.2005
Local court 47051 Duisburg
HRB 17897
Shareholder:
Rohstoff Recycling Hagen GmbH
Buschmühlenstr. 54
D 58093 Hagen
Legal form: Private limited company
Company Status: dissolved since: 17.09.2007
Share capital: EUR
110,000.00
Share: EUR 110,000.00
Reg. data:
09.03.1995
Local court 58097 Hagen
HRB 3173
FINANCIAL INFORMATION
Payment experience: within agreed
terms
Negative information:We have no negative information at hand.
Maximum credit: 250,000 EUR
Balance sheet year: 2008/2009
REAL ESTATE
Type of ownership: Tenant
Address Weseler Str.
51
D 45478
Mülheim
Land register documents were not available.
BANKERS
COMMERZBANK VORMALS DRESDNER BANK, RECKLINGHAUSEN, WESTF
Sort. code: 42680081, BIC: DRESDEFF426
BANKHAUS LAMPE, DÜSSELDORF
Sort. code: 48020151, BIC: LAMPDEDDXXX
HSBC TRINKAUS & BURKHARDT, DÜSSELDORF
Sort. code: 30030880, BIC: TUBDDEDDXXX
LANDESBANK BADEN-WÜRTTEMBERG/RHEINLAND-PFALZ BANK, MAINZ A RHEIN
Sort. code: 60050101, BIC: SOLADEST600
FINANCIAL FIGURES
Turnover: 2008/2009 EUR 129,702,792.00
Profit: 2008/2009 EUR 2,911,296.00
Employees: 130
BALANCE SHEETS
Balance
sheet ratios 01.09.2008 - 31.08.2009
Equity
ratio [%]: 38.11
Liquidity
ratio: 0.98
Return
on total capital [%]: 5.88
Balance
sheet grade: 2.3
Balance
sheet ratios 01.09.2007 - 31.08.2008
Equity
ratio [%]: 31.77
Liquidity
ratio: 4.61
Return
on total capital [%]: 15.37
Balance
sheet grade: 1.8
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
Financial
year: 01.09.2008 - 31.08.2009
ASSETS EUR 46,166,465.31
Fixed assets EUR 10,621,017.23
Intangible assets EUR 8,329.00
Concessions, licences, rights EUR 8,329.00
Tangible assets EUR 9,541,864.06
Land / similar rights EUR 7,150,499.25
Plant / machinery EUR 1,442,708.00
Other tangible assets / fixtures and
fittings EUR 921,021.00
Advance payments made / construction
in progress EUR 27,635.81
Financial assets EUR 1,070,824.17
Shares in participations /
subsidiaries and the like EUR 300,002.00
Shares in related companies EUR 300,001.00
Shares in investee companies EUR 1.00
Other / unspecified financial assets
EUR 770,822.17
Current assets EUR 35,506,391.45
Stocks EUR 14,333,027.00
Raw materials, consumables and
supplies EUR 15,000.00
Finished goods / work in progress EUR 14,318,027.00
Accounts receivable EUR 20,584,467.76
Trade debtors EUR 12,634,108.58
Other debtors and assets EUR 7,950,359.18
Liquid means EUR 588,896.69
Remaining other assets EUR 39,056.63
Accruals (assets) EUR 39,056.63
LIABILITIES EUR 46,166,465.31
Shareholders' equity EUR 17,659,049.23
Capital EUR 10,000,000.00
Subscribed capital (share capital) EUR
10,000,000.00
Reserves EUR 227,557.99
Capital reserves EUR 227,557.99
Balance sheet profit/loss (+/-) EUR 7,431,491.24
Profit / loss brought forward EUR 4,520,195.70
Annual surplus / annual deficit EUR 2,911,295.54
Provisions EUR 6,945,083.12
Pension provisions and comparable
provisions EUR 2,733,590.00
Provisions for taxes EUR 551,393.81
Other / unspecified provisions EUR 3,660,099.31
Liabilities EUR 21,562,332.96
Financial debts EUR 9,067,278.12
Liabilities due to banks EUR 9,067,278.12
Other liabilities EUR 12,495,054.84
Trade creditors (for IAS incl. bills
of exchange) EUR 8,733,871.83
Liabililties due to related
companiesEUR 923,398.57
Unspecified other liabilities EUR 2,837,784.44
thereof liabilities from tax /
financial authorities EUR 1,108,836.72
thereof liabilities from social
security EUR 2,969.18
Profit
and loss account (cost-summary method) according to Comm.
Code
(HGB)
Sales EUR 129,702,792.26
Other operating income EUR 1,764,709.68
Cost of materials EUR 111,270,485.78
Raw materials and supplies, purchased
goods EUR 111,270,485.78
Gross result (+/-) EUR 20,197,016.16
Staff expenses EUR 4,517,926.03
Wages and salaries EUR 3,973,458.10
Social security contributions and
expenses for pension plans and
benefits EUR 544,467.93
Total depreciation EUR 1,667,201.11
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 1,667,201.11
Other operating expenses EUR 9,337,378.89
Operating result from continuing
operations EUR 4,674,510.13
Interest result (+/-) EUR -855,301.90
Interest and similar income EUR 858,005.02
Interest and similar expenses EUR 1,713,306.92
Financial result (+/-) EUR -855,301.90
Result from ordinary operations (+/-) EUR
3,819,208.23
Extraordinary income EUR 1,007,299.92
Extraordinary expenses EUR 804,816.74
Extraordinary result (+/-) EUR 202,483.18
Income tax / refund of income tax
(+/-)EUR -701,423.24
Other taxes / refund of taxes EUR -408,972.63
Tax (+/-) EUR -1,110,395.87
Annual surplus / annual deficit EUR 2,911,295.54
Type
of balance
sheet: Company balance sheet
Financial
year: 01.09.2007 - 31.08.2008
ASSETS EUR 42,657,156.03
Fixed assets EUR 11,332,903.85
Intangible assets EUR 1.00
Concessions, licences, rights EUR 1.00
Tangible assets EUR 10,391,111.85
Land / similar rights EUR 6,063,295.25
Plant / machinery EUR 1,139,501.00
Other tangible assets / fixtures and
fittings EUR 1,215,587.70
Advance payments made / construction
in progress EUR 1,972,727.90
Financial assets EUR 941,791.00
Shares in participations /
subsidiaries and the like EUR 300,002.00
Shares in related companies
EUR 300,001.00
Shares in investee companies EUR 1.00
Other / unspecified financial assets
EUR 641,789.00
Current assets EUR 31,215,841.41
Stocks EUR 6,963,221.04
Raw materials, consumables and
supplies EUR 15,000.00
Finished goods / work in progress EUR
6,948,221.04
Accounts receivable EUR 15,497,824.10
Trade debtors EUR 9,145,481.60
Amounts due from related companies EUR 1,752.00
Other debtors and assets EUR 6,350,590.50
Liquid means EUR 8,754,796.27
Remaining other assets EUR 108,410.77
Accruals (assets) EUR 108,410.77
LIABILITIES EUR 42,657,156.03
Shareholders' equity EUR 14,747,753.69
Capital EUR 10,000,000.00
Subscribed capital (share capital) EUR
10,000,000.00
Reserves EUR 227,557.99
Capital reserves EUR 227,557.99
Balance sheet profit/loss (+/-) EUR 4,520,195.70
Balance sheet profit / loss EUR 4,520,195.70
Provisions EUR
15,972,548.10
Pension provisions and comparable
provisions EUR 2,785,831.00
Provisions for taxes EUR 6,258,957.32
Other / unspecified provisions EUR 6,927,759.78
Liabilities EUR 11,735,176.45
Financial debts EUR 5,875,062.30
Liabilities due to banks EUR 5,875,062.30
Other liabilities EUR 5,860,114.15
Trade creditors (for IAS incl. bills
of exchange) EUR 5,116,086.55
Liabililties due to related
companiesEUR 408,943.58
Unspecified other liabilities EUR 335,084.02
thereof liabilities from tax /
financial authorities EUR 134,717.82
Other liabilities EUR 201,677.79
Deferrals (liabilities) EUR 201,677.79
Profit
and loss account (cost-summary method) according to Comm.
Code
(HGB)
Sales EUR 219,299,449.99
Other operating income EUR 1,477,572.28
Cost of materials EUR 189,765,183.27
Raw materials and supplies, purchased
goods EUR 189,765,183.27
Gross result (+/-) EUR 31,011,839.00
Staff expenses EUR 8,493,741.65
Wages and salaries EUR 7,684,335.16
Social security contributions and
expenses for pension plans and
benefits EUR 809,406.49
Total depreciation EUR 1,976,547.27
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 1,976,547.27
Other operating expenses EUR 10,999,168.89
Operating result from continuing
operations EUR 9,542,381.19
Result from participating interests
(+/-) EUR 450,000.00
Expenses / income from participations
EUR 450,000.00
Income from related companies EUR
450,000.00
Interest result (+/-) EUR -747,182.57
Interest and similar income EUR 383,348.39
Interest and similar expenses EUR 1,130,530.96
Financial result (+/-) EUR
-297,182.57
Result from ordinary operations (+/-) EUR
9,245,198.62
Extraordinary income EUR 5,525,567.78
Extraordinary expenses EUR 7,647,107.20
Extraordinary result (+/-) EUR -2,121,539.42
Income tax / refund of income tax
(+/-)EUR -2,934,510.93
Other taxes / refund of taxes EUR -23,441.32
Tax (+/-) EUR -2,957,952.25
Annual surplus / annual deficit EUR 4,165,706.95
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.59 |
|
|
1 |
Rs.71.75 |
|
Euro |
1 |
Rs.64.80 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
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NB |
New Business |
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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 and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.