MIRA INFORM
REPORT
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Report Date : |
26.07.2011 |
IDENTIFICATION DETAILS
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Name : |
INTERSEROH SCRAP AND METALS TRADING GMBH |
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Registered Office : |
Stollwerckstr. 9a, D 51149 Köln |
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Country : |
Germany |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
08.07.2003 |
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Com. Reg. No.: |
HRB 51036 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Recovery of sorted materials |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
250,000 EUR |
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Status : |
Moderate |
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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 |
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 |
Bottom of Form
Company name & address
INTERSEROH Scrap and
Metals Trading GmbH
Main address:
Stollwerckstr. 9a
D 51149 Köln
Telephone: 02203/91470
Telefax: 02203/91471335
Homepage: www.interseroh.de
E-mail: info@interseroh.de
VAT no.
DE811575324
Synthesis
LEGAL FORM Private limited company
Date of foundation: 17.12.1992
Shareholders'
agreement: 17.12.1992
Registered on: 08.07.2003
Commercial Register: Local court 50939 Köln
under: HRB
51036
Share capital: EUR
310,000.00
Shareholder
INTERSEROH Scrap
and Metals Holding GmbH
Kohlenweg 1
D 44147 Dortmund
Legal form:
Private limited company
Share
capital: EUR 9,000,000.00
Share: EUR 310,000.00
Registered on: 17.08.1976
Reg. data: 44135
Dortmund, HRB 4317
Control and profit
transfer agreement
Manager
Klaus Mordhorst
D 24235 Laboe
born: 02.06.1957
Manager:
Wolfgang Becker
D 21255 Tostedt
born: 01.09.1952
Profession:
Businessman
Marital status:
married
Manager:
Peter Jung
D 63773 Goldbach
authorized to
jointly represent the company
born: 05.11.1954
Manager:
Gianluca Gaetani
D 60308 Frankfurt
born: 20.03.1970
Proxy
Jens Fischer
D 63517 Rodenbach
authorized to
jointly represent the company
born: 17.09.1967
Proxy:
Jean Louis
Coldebella
F - Bertrange
authorized to
jointly represent the company
born: 27.01.1953
Nationality:
French
COMPANY HISTORY
17.12.1992 - 09.06.1998 Hanse - Schrott - Döberitz GmbH
Zum Hafen 1
D 14727 Premnitz
Private limited
company
09.06.1998 - 29.05.2000 INTERSEROH Hanse - Schrott -Döberitz
GmbH
Zum Hafen 1
D 14727 Premnitz
Private limited
company
08.07.2003 - 30.10.2006 INTERSEROH RSH Recycling -Stahl - Handel
GmbH
Stollwerckstr. 9a
D 51149 Köln
Private limited company
30.10.2006 - 29.12.2006 INTERSEROH Scrap and Metals Trading GmbH
Stollwerckstr. 9a
D 51149 Köln
Private limited
company
BUSINESS ACTIVITIES
Main industrial sector
38320 Recovery of sorted materials
Secondary industrial sector
38210
Treatment and disposal of non-hazardous waste
BRANCHES AND FACTORIES
Branch:
INTERSEROH Scrap and
Metals Trading GmbH
Cuxhavener Str. 58
D 21149 Hamburg
TEL.: 040/7971400
FAX.: 040/79714023
Branch:
INTERSEROH Scrap and
Metals Trading GmbH
Am Hafen 1 Döberitz
D 14727 Premnitz
TEL.: 03386/20010
Branch:
Interseroh Scrap and
metals Trading GmbH
Dieselstr. 52
D 60314 Frankfurt
TEL.: 06109/3789-0
FINANCIAL INFORMATION
Payment experience: within agreed terms
Negative information: We have no negative information at hand.
Maximum credit: 250,000
EUR
Balance sheet year: 2007
REAL ESTATE
Type of ownership: Tenant
Address Stollwerckstr. 9a
D 51149 Köln
Land register documents were not available.
BANKERS
COMMERZBANK, KÖLN
Sort. code: 37040044, BIC: COBADEFF370
FINANCIAL FIGURES
Turnover:
2009 EUR 1,500,000,000.00
Equipment: EUR 31,149.00
Ac/ts receivable: EUR 35,180,898.00
Liabilities: EUR 6,852,953.00
Employees:
20
Control and profit transfer agreement to:
INTERSEROH Scrap and
Metals Holding GmbH
Kohlenweg 1
D 44147 Dortmund
BALANCE SHEETS
Balance sheet ratios 01.01.2007 - 31.12.2007
Equity ratio [%]: -3.51
Liquidity ratio: 0.87
Return on total capital [%]: 0.70
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:
01.01.2007 - 31.12.2007
ASSETS EUR 41,620,449.04
Fixed
assets EUR 1,076,640.84
Intangible
assets EUR 21,278.00
Concessions, licences, rights
EUR 21,278.00
Tangible
assets EUR 57,066.00
Other
tangible assets / fixtures and
fittings EUR 57,066.00
Financial
assets EUR 998,296.84
Shares in
participations /
subsidiaries and the like
EUR 998,296.84
Shares in
related companies EUR 998,296.84
Current
assets EUR 40,543,808.20
Stocks EUR 2,997,340.75
Finished
goods / work in progress EUR 1,780,929.91
Advance
payments made EUR
1,216,410.84
Accounts
receivable EUR 37,544,039.37
Trade
debtors EUR 28,061,146.61
Amounts due
from related companies EUR 9,302,632.90
Other
debtors and assets EUR 180,259.86
Liquid
means EUR 2,428.08
Remaining
other assets EUR 0.00
Accruals
(assets) EUR 0.00
LIABILITIES
EUR 41,620,449.04
Shareholders'
equity EUR 3,852,912.76
Capital EUR 310,000.00
Subscribed
capital (share capital) EUR 310,000.00
Reserves EUR 3,300,000.00
Capital
reserves EUR 3,300,000.00
Balance
sheet profit/loss (+/-) EUR 242,912.76
Annual
surplus / annual deficit EUR 242,912.76
Provisions EUR 659,360.90
Liabilities EUR 37,108,175.38
Other
liabilities EUR 37,108,175.38
Trade
creditors (for IAS incl. bills
of
exchange) EUR 7,035,820.14
Liabililties due to related companiesEUR 30,010,682.70
Unspecified
other liabilities EUR 61,672.54
Profit and loss account (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 300,915,752.50
Other
operating income EUR 1,694,850.92
Cost of
materials EUR 295,358,563.35
Raw
materials and supplies, purchased
goods EUR 295,358,563.35
Gross result
(+/-) EUR 7,252,040.07
Staff
expenses EUR 1,881,676.36
Wages and
salaries EUR 1,640,544.50
Social security
contributions and
expenses for
pension plans and
benefits
EUR 241,131.86
Total
depreciation EUR 27,376.80
Depreciation
on tangible / intangible
asssets
(incl. start-up and exp. of
bus. EUR 27,376.80
Other
operating expenses EUR 4,050,905.49
Operating
result from continuing
operations EUR 1,292,081.42
Interest result
(+/-) EUR -913,512.66
Interest and
similar income EUR 160,935.42
Interest and
similar expenses EUR 1,074,448.08
Financial
result (+/-) EUR -913,512.66
Result from
ordinary operations (+/-) EUR 378,568.76
Income tax /
refund of income tax (+/-)EUR
-133,234.00
Other taxes /
refund of taxes EUR -2,422.00
Tax
(+/-)
EUR -135,656.00
Annual surplus / annual deficit EUR 242,912.76
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.42 |
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UK Pound |
1 |
Rs.72.49 |
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Euro |
1 |
Rs.63.87 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<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.