MIRA INFORM REPORT
|
Report Date : |
15.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
INTERFER EDELSTAHL HANDELSGESELLSCHAFT MBH |
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Registered Office : |
Wachhausstr. 5c, D 76227 Karlsruhe, Post Box 41 04 68 |
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Country : |
Germany |
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|
|
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Financials (as on) : |
31.12.2009 |
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|
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Date of Incorporation : |
14.11.1989 |
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Com. Reg. No.: |
HRB 105335 |
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Legal Form : |
Private Limited Company |
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|
|
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Line of Business : |
Wholesale
of iron ores, iron, steel and iron and steel semi-finished goods |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
250,000 EUR |
|
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Germany |
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
Company name & address
INTERFER Edelstahl Handelsgesellschaft
mbH
Main
address:
Wachhausstr. 5c
D 76227 Karlsruhe
Post Box:
41 04 68
Telephone: 0721/94397-0
Telefax: 0721/94397-77
Homepage: www.interfer.de
E-mail: Info@interfer.de
VAT no.
DE143597866
CONCLUSION
Business relations are permissible.
Synthesis
LEGAL FORM Private limited company
Date of foundation: 1986
Shareholders'
agreement: 07.02.1986
Registered on: 14.11.1989
Commercial Register: Local
court 68159 Mannheim
under: HRB 105335
Share capital: EUR 1,533,875.65
Shareholder
Manfred Ludwig Wild
Georg-Urban-Str. 9
D 76297 Stutensee
born: 28.03.1951
Share: EUR 958,672.28
Shareholder:
Mariza S.A.
L - Luxembourg
Legal form: Private limited company
Share: EUR 575,203.37
Manager
Manfred Ludwig Wild
Georg-Urban-Str. 9
D 76297 Stutensee
having sole power of representation
born: 28.03.1951
Marital status: married
Manager:
Gerold Lorenz
Jahnstr. 10
D 76571 Gaggenau
having sole power of representation
born: 27.12.1972
Marital status: unknown
Further functions/participations of
Manfred Ludwig Wild (Manager)
Manager:
Interfer - Trade Finance GmbH
Wachhausstr. 5c
D 76227 Karlsruhe
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 03.03.2009
Reg. data: 68159 Mannheim,
HRB 706199
Further functions/participations of
Gerold Lorenz (Manager)
Shareholder:
COMEAST Holding GmbH
Hauptstr. 59
D 77855 Achern
Legal form: Private limited company
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 04.08.2008
Reg. data: 68159 Mannheim,
HRB 704834
Manager:
Interfer - Steel and Commodities GmbH
Wachhausstr. 5c
D 76227 Karlsruhe
Legal form: Private limited company
Share capital: EUR 50,000.00
Registered
on: 17.06.2009
Reg. data: 68159 Mannheim,
HRB 706937
Manager:
Interfer - Trade Finance GmbH
Wachhausstr. 5c
D 76227 Karlsruhe
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 03.03.2009
Reg. data: 68159 Mannheim,
HRB 706199
Manager:
Steel Intertrade GmbH
Wachhausstr. 5c
D 76227 Karlsruhe
Legal form: Private limited company
Share capital: EUR 250,000.00
Registered
on: 15.09.2005
Reg. data: 68159 Mannheim,
HRB 111054
Manager:
COMEAST Holding GmbH
Hauptstr. 59
D 77855 Achern
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 04.08.2008
Reg. data: 68159 Mannheim, HRB
704834
COMPANY HISTORY
07.12.1986 - 1987 INTERFER Edelstahl Handelsgesellschaft
mbH
D
82166 Gräfelfing
Private limited company
1987 - 1989 INTERFER Edelstahl
Handelsgesellschaft
mbH
D
70173 Stuttgart
Private limited company
25.08.1993 -
31.12.1993 INTERFER Edelstahl
Handelsgesellschaft
mbH
Fischerstr. 3
D
76199 Karlsruhe
Private limited company
01.01.1994 - 2010 INTERFER Edelstahl Handelsgesellschaft
mbH
Wachhausstr.
5c
D
76227 Karlsruhe
Private limited company
BUSINESS ACTIVITIES
Sectors
46721 Wholesale of iron
ores, iron, steel and iron and steel semi-finished goods
BRANCHES AND FACTORIES
Works:
INTERFER Edelstahl Handelsgesellschaft mbH
D 21483 Lütau
Works:
INTERFER Edelstahl Handelsgesellschaft mbH
Dirschauer Str. 4
D 44789 Bochum
PARTICIPATIONS
Shareholder:
Steel Intertrade GmbH
Wachhausstr. 5c
D 76227 Karlsruhe
Legal form: Private limited company
Company Status: active
Share capital: EUR 250,000.00
Share: EUR 231,250.00
Reg. data: 15.09.2005
Local court 68159 Mannheim
HRB 111054
Shareholder:
Interfer - Steel and Commodities GmbH
Wachhausstr. 5c
D 76227 Karlsruhe
Legal form: Private limited company
Company Status: active
Share capital: EUR 50,000.00
Share: EUR 50,000.00
Reg. data: 17.06.2009
Local court 68159 Mannheim
HRB 706937
Shareholder:
Interfer - Trade Finance GmbH
Wachhausstr. 5c
D 76227 Karlsruhe
Legal form: Private limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 03.03.2009
Local court 68159 Mannheim
HRB 706199
FINANCIAL INFORMATION
Payment experience: within
agreed terms
Negative information: We
have no negative information at hand.
Maximum credit: 250,000 EUR
REAL ESTATE
Type of ownership: Tenant
Address Wachhausstr. 5c
D
76227 Karlsruhe
Type of ownership: Tenant
Address Dirschauer Str. 4
D
44789 Bochum
Land register documents
were not available.
BANKERS
Principal bank
DEUTSCHE BANK, KARLSRUHE, BADEN
Sort. code: 66070004, BIC: DEUTDESM660
Further bank
COMMERZBANK, KARLSRUHE, BADEN
Sort. code: 66040018, BIC: COBADEFF660
FINANCIAL FIGURES
Turnover: 2009 EUR 47,559,365.00
Profit: 2009 EUR -752,486.00
Equipment: EUR 257,374.00
Ac/ts receivable: EUR 15,229,435.00
Liabillities: EUR 21,691,516.00
Total numbers of vehicles: 2
-
Passenger cars:
2
Employees:
26
BALANCE SHEETS
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 12.91
Liquidity ratio: 0.69
Return on total capital [%]: -2.95
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 16.74
Liquidity
ratio: 0.92
Return on total capital [%]: 3.44
Balance sheet ratios 01.01.2007 - 31.12.2007
Equity ratio [%]: 23.03
Liquidity ratio: 0.54
Return on total capital [%]: 2.44
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: 01.01.2009 - 31.12.2009
ASSETS EUR 25,692,145.52
Fixed assets
EUR 763,700.74
Intangible assets
EUR 31,884.51
Concessions, licences, rights
EUR 31,884.51
Tangible assets
EUR 257,374.53
Other tangible assets / fixtures and
fittings
EUR 257,374.53
Financial assets
EUR 474,441.70
Shares in participations /
subsidiaries and the like
EUR 474,441.70
Shares in related companies
EUR 474,441.70
Current assets
EUR 24,928,444.78
Stocks EUR 9,680,995.27
Finished goods / work in progress
EUR 8,322,361.91
Advance payments made
EUR 1,358,633.36
Accounts receivable
EUR 15,229,435.10
Trade debtors
EUR 14,186,094.08
Amounts due from related companies
EUR 226,545.62
Other debtors and assets
EUR 816,795.40
Investments in current assets
EUR 5,627.86
Other investments EUR 5,627.86
Liquid means
EUR 12,386.55
LIABILITIES EUR 25,692,145.52
Shareholders' equity
EUR 3,477,347.02
Capital
EUR 1,533,875.64
Subscribed capital (share capital)
EUR 1,533,875.64
Reserves
EUR 66,124.36
Retained earnings / revenue reserves EUR 66,124.36
Balance sheet profit/loss (+/-)
EUR 1,877,347.02
Profit / loss brought forward
EUR 2,629,832.81
Annual surplus / annual deficit
EUR -752,485.79
Provisions EUR 523,282.23
Pension provisions and comparable
provisions
EUR 313,643.00
Provisions for taxes
EUR 100,000.00
Other / unspecified provisions
EUR 109,639.23
Liabilities
EUR 21,691,516.27
Financial debts
EUR 14,648,329.78
Liabilities due to banks
EUR 14,648,329.78
Other liabilities
EUR 7,043,186.49
Trade creditors (for IAS incl. bills
of exchange)
EUR 3,983,011.93
Liabililties due to related companiesEUR 3,040,000.00
Unspecified other liabilities
EUR 20,174.56
Profit and loss account (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 47,559,365.60
Other operating income
EUR 202,404.89
Cost of materials EUR 45,218,791.09
Raw materials and supplies, purchased
goods
EUR 45,218,791.09
Gross result (+/-)
EUR 2,542,979.40
Staff expenses
EUR 1,320,936.49
Wages and salaries
EUR 1,121,338.19
Social security contributions and
expenses for pension plans and
benefits
EUR 199,598.30
Total depreciation EUR 136,925.98
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 136,925.98
Other operating expenses
EUR 1,430,581.50
Operating result from continuing
operations
EUR -345,464.57
Interest result (+/-)
EUR -383,478.46
Interest and similar income
EUR 668,729.08
Interest
and similar expenses EUR 1,052,207.54
Other financial result
EUR -1,219.89
Depreciation on financial assets and
marketable securities
EUR 1,219.89
Financial result (+/-)
EUR -384,698.35
Result from ordinary operations (+/-)
EUR -730,162.92
Income tax / refund of income tax (+/-)EUR -22,322.87
Tax
(+/-)
EUR -22,322.87
Annual surplus / annual deficit
EUR -752,485.79
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2008 - 31.12.2008
ASSETS EUR 25,102,761.00
Fixed assets EUR 862,666.74
Intangible assets
EUR 66,656.51
Other / unspecified intangible assetsEUR 66,656.51
Tangible assets
EUR 349,068.53
Other tangible assets / fixtures and
fittings
EUR 349,068.53
Financial assets
EUR 446,941.70
Shares in participations /
subsidiaries and the like
EUR 446,941.70
Shares in related companies
EUR 446,941.70
Current assets
EUR 24,240,094.26
Stocks
EUR 6,064,214.56
Accounts receivable
EUR 17,881,284.48
Other debtors and assets
EUR 17,881,284.48
Investments in current assets
EUR 6,847.75
Liquid means
EUR 287,747.47
LIABILITIES EUR 25,102,761.00
Shareholders' equity
EUR 4,229,832.81
Capital
EUR 1,533,875.64
Subscribed capital (share capital)
EUR 1,533,875.64
Reserves EUR 66,124.36
Retained earnings / revenue reserves EUR 66,124.36
Balance sheet profit/loss (+/-)
EUR 2,629,832.81
Profit / loss brought forward
EUR 1,767,302.72
Annual surplus / annual deficit
EUR 862,530.09
Provisions
EUR 1,156,196.43
Liabilities
EUR 19,716,731.76
Other liabilities
EUR 19,716,731.76
Unspecified other liabilities
EUR 19,716,731.76
Profit and loss account (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 6,472,496.77
Staff expenses
EUR 1,375,830.37
Wages and salaries
EUR 1,187,954.92
Social security contributions and
expenses for pension plans and
benefits
EUR 187,875.45
Total depreciation EUR 105,986.54
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 105,986.54
Other operating expenses
EUR 2,105,802.18
Operating result from continuing
operations
EUR 2,884,877.68
Interest result (+/-)
EUR -1,010,500.11
Interest and similar income
EUR 145,911.38
Interest and similar expenses
EUR 1,156,411.49
Other financial result
EUR -924.21
Depreciation on financial assets and
marketable securities
EUR 924.21
Financial result (+/-) EUR -1,011,424.32
Result from ordinary operations (+/-)
EUR 1,873,453.36
Income tax / refund of income tax (+/-)EUR -1,010,923.27
Tax
(+/-)
EUR -1,010,923.27
Annual surplus / annual deficit EUR 862,530.09
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.53 |
|
UK Pound |
1 |
Rs.71.80 |
|
Euro |
1 |
Rs.63.15 |
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.