MIRA INFORM REPORT

 

 

Report Date :

10.09.2011

 

IDENTIFICATION DETAILS

 

Name :

STEEL MONT GMBH

 

 

Registered Office :

Königsallee 92a, Büro 536 D 40212 Düsseldorf

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

12.09.2008

 

 

Com. Reg. No.:

HRB 64795

 

 

Legal Form :

Private Limited Company

 

 

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 :

150,000 EUR

Status :

Satisfactory

Payment Behaviour :

Usually Correct

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

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name and address

 

Steel Mont GmbH

 

Company Status:      active

 

Main address:     

 

Königsallee 92a , Büro 536

D 40212 Düsseldorf

 

 

Registration data

 

LEGAL FORM               Private limited company

Date of foundation:         12.09.2008

Shareholders'

agreement:                    12.09.2008

Registered on:                03.01.2011

Commercial Register:     Local court 40213 Düsseldorf

under:                                       HRB 64795

 

 

Share capital                        

 

EUR          1,000,000.00

 

 

Shareholder

 

Rajesh Kumar Saraiya

Flat No. 18

St. Dovzhenko 14/1

UKR 03057 Kiev

born: 19.01.1969

Share:             EUR          1,000,000.00

 

Manager:

Rajesh Kumar Saraiya

Flat No. 18

St. Dovzhenko 14/1

UKR 03057 Kiev

having sole power of representation

born: 19.01.1969

Nationality: Ukrainian

 

Further functions/participations of Rajesh Kumar Saraiya

(Manager)

 

Shareholder:

SASCO GmbH

Hohe Bleichen 5

D 20354 Hamburg

Legal form: Private limited company

Share capital:     EUR            120,000.00

Share:             EUR            104,400.00

Registered

on:         25.11.1980

Reg. data:  20355 Hamburg, HRB 87493

 

 

COMPANY HISTORY

 

03.12.2008 - 21.01.2011  Steel Mont GmbH

                         Hohe Bleichen 5

                         D 20354 Hamburg

                         Private limited company

26.01.2011 - 31.01.2011  Steel Mont GmbH

                         D 40210 Düsseldorf

                         Private limited company

 

 

BUSINESS ACTIVITIES

 

Secondary industrial sector

46721   Wholesale of iron ores, iron, steel and iron and steel

semi-finished goods

4690   Non-specialized wholesale trade

52229   Other support activities incidental to water

transportation n.e.c.

7734   Renting and leasing of water transport equipment

 

 

FINANCIAL INFORMATION

 

Payment experience:  within agreed terms

 

Negative information:We have no negative information at hand.

 

Maximum credit:      150,000 EUR

Balance sheet year:  2009

 

 

REAL ESTATE

 

Type of ownership:   Tenant

Address              Königsallee 92a , Büro 536

                     D 40212 Düsseldorf

 

Land register documents were not available.

 

 

BANKERS

 

A bank connection is unknown.

 

 

FINANCIAL FIGURES

 

Ac/ts receivable:                       EUR                440.00

Liabillities:                           EUR             54,762.00

Employees:                                                      1

 

The aforementioned business figures may partly be estimated

information based on average values in the line of business.

 

 

BALANCE SHEETS

 

Balance sheet ratios 30.01.2009 - 31.12.2009

Equity ratio [%]:                 76.33

Liquidity ratio:                  10.00

Return on total capital [%]:      33.87

 

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:      30.01.2009 - 31.12.2009

 

ASSETS                                  EUR            280,812.14

 Current assets                         EUR            280,812.14

  Stocks                                EUR            169,589.43

   Advance payments made                EUR            169,589.43

  Accounts receivable                   EUR                440.42

   Other debtors and assets             EUR                440.42

  Liquid means                          EUR            110,782.29

 

LIABILITIES                             EUR            280,812.14

 Shareholders' equity                   EUR            214,335.54

  Capital                               EUR            200,000.00

   Subscribed capital (share capital)   EUR            200,000.00

  Balance sheet profit/loss (+/-)       EUR             14,335.54

   Profit / loss brought forward        EUR            -80,764.95

   Annual surplus / annual deficit      EUR             95,100.49

 Provisions                             EUR             11,714.55

  Provisions for taxes                  EUR              6,446.00

  Other / unspecified provisions        EUR              5,268.55

 Liabilities                            EUR             54,762.05

  Other liabilities                     EUR             54,762.05

   Trade creditors (for IAS incl. bills

   of exchange)                         EUR              5,804.82

   Liabilities from received advance

   payments                             EUR             39,360.78

   Unspecified other liabilities        EUR              9,596.45

    thereof liabilities from tax /

    financial authorities               EUR                129.60

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.46.38

UK Pound

1

Rs.74.01

Euro

1

Rs.64.48

 

 

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

--

NB

                                       New Business

 

--

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.