MIRA INFORM
REPORT
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Report Date : |
12.03.2011 |
IDENTIFICATION DETAILS
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Name : |
MCB DEUTSCHLAND GMBH |
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Registered Office : |
Ottostr. 11, D
41540 |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
12.03.1985 |
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Com. Reg. No.: |
HRB 4212 |
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Legal Form : |
Private Limited
Company |
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Line of Business : |
Wholesale of iron ores, iron, steel and iron and steel semi-finished goods |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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 |
Company name & address
MCB Deutschland GmbH
Main address:
Ottostr. 11
D 41540
Telephone :02133/2501-0
Telefax :
02133/2501-323
Homepage : www.mcbdeutschland.de
E-mail : info@mcbdeutschland.de
VAT no
DE120591146
Tax ID number
122/5720/1215
Synthesis
LEGAL FORM Private
limited company
Date of
foundation: 11.02.1985
Shareholders'
agreement: 11.02.1985
Registered
on: 12.03.1985
Commercial
Register: Local court 41460
under: HRB
4212
Share
capital: EUR 2.000.000,00
Shareholder
MCB Deutsche
Holding GmbH
Ottostr. 11
D 41540
Legal form:
Private limited company
Share
capital: EUR 25.564,59
Share: EUR 2.000.000,00
Registered on:
08.03.1999
Reg. data: 41460
Control and profit
transfer agreement
Manager
Karl-Horst Löcke
Talstr. 24 a
D 42781 Haan
having sole power
of representation
born: 29.09.1951
Profession:
Businessman
Marital status:
married
Proxy
Karl Monhof
D 42103
Proxy:
Hans-Peter Eminger
Holtener Str. 337
D 47167
having sole power of
representation
born: 17.03.1959
Proxy:
Marina Klute
D 41539
having sole power
of representation
born: 08.10.1960
Proxy:
Markus Guillaume
D 40210 Düsseldorf
having sole power
of representation
born: 29.05.1966
Further functions/participations
of Karl-Horst Löcke (Manager)
Manager:
MCB
Grundstücksverwaltungs GmbH
Ottostr. 11
D 41540
Legal form:
Private limited company
Share
capital: EUR 25.564,59
Registered
on: 25.03.1999
Reg. data: 41460
Manager:
MCB Deutsche
Holding GmbH
Ottostr. 11
D 41540
Legal form:
Private limited company
Share
capital: EUR 25.564,59
Registered
on: 08.03.1999
Reg. data: 41460
COMPANY HISTORY
12.03.1985 -
12.10.1999
Florastr. 2
D 41539
Private limited
company
13.10.1999 -
13.10.1999 MCB STAHL & METALL GmbH
Florastr. 2
D 41539
Private limited
company
28.10.1999 -
17.12.1999 MCB STAHL & METALL GmbH
Florastr. 2
D 41539
Private limited
company
17.12.1999 -
11.03.2002 MCB STAHL & METALL GmbH
Ottostr. 11
D 41540
Private limited
company
BUSINESS ACTIVITIES
Sectors
46721 Wholesale of iron ores, iron, steel and iron
and steel semi-finished goods
46722 Wholesale of non-ferrous ores, metals and
metal semi-finished goods
FINANCIAL INFORMATION
Payment
experience: cash discount/within
agreed terms
Negative
information: We have no negative
information at hand.
Maximum
credit: 250.000 EUR
Balance sheet
year: 2009
REAL ESTATE
Type of
ownership: Tenant
Address Ottostr.
11
D 41540
Private real
estate
Name: Karl-Horst Löcke
Type of ownership: proprietor
Share: 100,00 %
Address Talstr.
24 a
D 42781 Haan
Land register
documents were not available.
BANKERS
Principal banks
COMMERZBANK, KÖLN
Sort. code:
37040044, BIC: COBADEFF370
COMMERZBANK
VORMALS DRESDNER BANK,
Sort. code:
30080000, BIC: DRESDEFF300
FINANCIAL FIGURES
Turnover: 2009 EUR 39.749.754,00
Profit: 2009 EUR -1.096.719,00
Employees: 51
- thereof permanent
staff:
51
Control and profit
transfer agreement to:
MCB Deutsche Holding GmbH
Ottostr. 11
D 41540
BALANCE SHEETS
Balance sheet
ratios 2009
Equity ratio
[%]: 10,06
Liquidity
ratio: 0,35
Return on total
capital [%]: -11,25
Balance sheet
ratios 2008
Equity ratio
[%]: 26,79
Liquidity
ratio: 0,57
Return on total
capital [%]: 3,21
Balance sheet
ratios 2007
Equity ratio
[%]: 32,94
Liquidity
ratio: 0,77
Return on total
capital [%]: 10,63
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 11.762.957,60
Fixed assets EUR 543.034,28
Intangible assets EUR 9.812,79
Concessions, licences, rights EUR 9.812,79
Tangible assets EUR 533.221,49
Plant / machinery EUR 404.968,46
Other tangible assets / fixtures and
fittings EUR 128.253,03
Current assets EUR 11.194.861,12
Stocks EUR 5.805.766,04
Finished goods / work in progress EUR
5.805.766,04
Accounts receivable EUR 4.701.656,62
Trade debtors EUR 2.352.736,84
Amounts due from related companies EUR
2.312.645,41
Other debtors and assets EUR 36.274,37
Liquid means EUR 687.438,46
Remaining other assets EUR 25.062,20
Accruals (assets) EUR 25.062,20
LIABILITIES EUR 11.762.957,60
Shareholders' equity EUR 2.130.604,15
Capital EUR 2.000.000,00
Subscribed capital (share capital) EUR
2.000.000,00
Balance sheet profit/loss (+/-) EUR 130.604,15
Profit / loss brought forward EUR 130.604,15
Provisions EUR 317.844,12
Other / unspecified provisions EUR 317.844,12
Liabilities EUR 9.314.509,33
Other liabilities EUR 9.314.509,33
Trade creditors (for IAS incl. bills
of exchange) EUR 239.082,92
Liabililties due to related
companiesEUR 8.998.451,98
Unspecified other liabilities EUR 76.974,43
Profit and loss
account (cost-summary method) according to Comm.
Code (HGB)
Sales EUR 39.749.754,24
Other operating income EUR 229.053,08
Cost of materials EUR 36.753.612,06
Raw materials and supplies, purchased
goods EUR 36.753.612,06
Gross result (+/-) EUR 3.225.195,26
Staff expenses EUR 2.705.162,45
Wages and salaries EUR 2.231.251,04
Social security contributions and
expenses for pension plans and
benefits EUR 473.911,41
Total depreciation EUR 179.614,23
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 179.614,23
Other operating expenses EUR 1.410.447,11
Operating result from continuing
operations EUR -1.070.028,53
Interest result (+/-) EUR -26.691,16
Interest and similar income EUR 94.588,26
Interest and similar expenses EUR 121.279,42
Financial result (+/-) EUR -26.691,16
Result from ordinary operations (+/-) EUR
-1.096.719,69
Income from assumption of loss by
parent company EUR 1.100.876,69
Income tax / refund of income tax
(+/-)EUR 200,00
Other taxes / refund of taxes EUR -4.357,00
Tax (+/-) EUR -4.157,00
Annual surplus / annual deficit EUR 0,00
Type of balance
sheet: Company balance sheet
Financial
year: 01.01.2008 - 31.12.2008
ASSETS EUR 12.993.736,34
Fixed assets EUR 686.882,85
Intangible assets EUR 43.372,16
Concessions, licences, rights EUR 43.372,16
Tangible assets EUR 643.510,69
Plant / machinery EUR 517.068,58
Other tangible assets / fixtures and
fittings EUR 126.442,11
Current assets EUR 12.289.258,79
Stocks EUR 6.981.901,01
Finished goods / work in progress EUR
6.981.901,01
Accounts receivable EUR 4.812.380,35
Trade debtors EUR 3.551.067,14
Amounts due from related companies EUR
881.423,04
Other debtors and assets EUR 379.890,17
Liquid means EUR 494.977,43
Remaining other assets EUR 17.594,70
Accruals (assets) EUR 17.594,70
LIABILITIES EUR 12.993.736,34
Shareholders' equity EUR 2.074.221,42
Capital EUR 512.000,00
Subscribed capital (share capital) EUR 512.000,00
Reserves EUR 1.431.617,27
Capital reserves EUR 1.431.617,27
Balance sheet profit/loss (+/-) EUR 130.604,15
Profit / loss brought forward EUR 130.604,15
Provisions EUR 510.638,98
Other / unspecified provisions EUR 510.638,98
Liabilities EUR 10.408.875,94
Other liabilities EUR 10.408.875,94
Trade creditors (for IAS incl. bills
of exchange) EUR 361.428,94
Liabililties due to related
companiesEUR 9.951.829,95
Unspecified other liabilities EUR 95.617,05
Profit and loss
account (cost-summary method) according to Comm.
Code (HGB)
Sales EUR 72.417.510,79
Other operating income EUR 170.932,93
Cost of materials EUR 67.187.174,06
Raw materials and supplies, purchased
goods EUR 67.187.174,06
Gross result (+/-) EUR 5.401.269,66
Staff expenses EUR 2.946.275,97
Wages and salaries EUR 2.454.928,57
Social security contributions and
expenses for pension plans and
benefits EUR 491.347,40
Total depreciation EUR 180.789,14
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 180.789,14
Other operating expenses EUR 1.567.855,07
Operating result from continuing
operations EUR 706.349,48
Interest result (+/-) EUR -284.971,90
Interest and similar income EUR 97.416,97
Interest and similar expenses EUR 382.388,87
Financial result (+/-) EUR -284.971,90
Result from ordinary operations (+/-) EUR
421.377,58
Expenses for transfer of profits to a
parent company EUR 416.516,58
Income tax / refund of income tax
(+/-)EUR 100,00
Other taxes / refund of taxes EUR -4.961,00
Tax (+/-) EUR -4.861,00
Annual surplus / annual deficit EUR 0,00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.21 |
|
|
1 |
Rs.72.55 |
|
Euro |
1 |
Rs.62.43 |
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 |
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.