MIRA INFORM REPORT
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Report Date : |
24.02.2012 |
IDENTIFICATION DETAILS
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Name : |
INTERFER - STEEL AND COMMODITIES GMBH |
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Registered Office : |
Wachhausstr. 5c, D 76227 Karlsruhe |
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Country : |
Germany |
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Financials (as on) : |
30.09.2010 |
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Date of Incorporation : |
17.06.2009 |
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Com. Reg. No.: |
HRB 706937 |
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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 |
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No. of Employees
: |
03 |
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 : |
32,500 EUR |
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Status : |
Small Company |
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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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
Interfer - Steel
and Commodities GmbH
Wachhausstr. 5c
D 76227 Karlsruhe
Telephone: 0721/9439744
Homepage: www.interfer-steel.com
E-mail: info@interfer-steel.com
LEGAL FORM Private
limited company
Date of
foundation: 25.05.2009
Shareholders'
agreement: 25.05.2009
Registered on: 17.06.2009
Commercial Register:
Local court 68159 Mannheim
under: HRB
706937
Share capital: EUR 50,000.00
INTERFER Edelstahl Handelsgesellschaft mbH
Wachhausstr. 5c
D 76227 Karlsruhe
Post Box:
41 04 68
Legal form: Private limited company
Share capital: EUR 1,533,875.65
Share: EUR 50,000.00
Registered on: 14.11.1989
Reg. data: 68159 Mannheim, HRB 105335
Gerold Lorenz
Jahnstr. 10
D 76571 Gaggenau
having sole power of representation
born: 27.12.1972
Marital status: unknown
Manager:
Rahul Sudhakar Kulkarni
IND Thane West, Maharashtra
born: 04.11.1972
Nationality: Indian
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 Edelstahl
Handelsgesellschaft mbH
Wachhausstr. 5c
D 76227 Karlsruhe
Post Box:
41 04 68
Legal form: Private
limited company
Share capital: EUR 1,533,875.65
Registered
on: 14.11.1989
Reg. data: 68159 Mannheim, HRB 105335
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
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:
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
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
46902 Non-specialized wholesale of raw materials
and half-finished and finished goods
Payment
experience: within periods
customary in this trade
Negative
information: We have no negative
information at hand.
Maximum credit: 32,500
EUR
Balance sheet
year: 2010
Type of
ownership: Tenant
Address Wachhausstr.
5c
D 76227 Karlsruhe
Land register
documents were not available.
DEUTSCHE BANK,
KARLSRUHE, BADEN
Sort. code:
66070004, BIC: DEUTDESM660
COMMERZBANK,
KARLSRUHE, BADEN
Sort. code:
66040018, BIC: COBADEFF660
Gross profit or loss:2010
EUR 2,177,799.00
Profit: 2010 EUR 427,319.00
Equipment:
EUR 2,844.00
Ac/ts receivable:
EUR 8,888,027.00
Liabilities:
EUR 17,395,502.00
Employees: 3
Balance sheet ratios 01.01.2010 - 30.09.2010
Equity ratio [%]:
4.09
Liquidity ratio:
0.52
Return on total capital [%]:
2.34
Balance sheet ratios 25.05.2009 - 31.12.2009
Equity ratio [%]:
-14.38
Liquidity ratio:
0.74
Return on total capital [%]:
1.22
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.
Balance sheet grade
The balance sheet
grade is based on the following ratios: equity ratio, liquidity ratio and
return on total capital from the balance sheets published in the Federal
Gazette.
Type of balance
sheet: Company balance
sheet
Financial year: 01.01.2010 -
30.09.2010
ASSETS
EUR 18,300,651.63
Fixed assets EUR 2,843.65
Tangible assets EUR 2,843.65
Other tangible assets / fixtures
and
fittings EUR 2,843.65
Current assets EUR 18,297,807.98
Stocks EUR 9,407,780.74
Accounts receivable EUR 8,888,026.72
Other debtors and assets EUR 8,888,026.72
Liquid means EUR 2,000.52
LIABILITIES
EUR 18,300,651.63
Shareholders' equity EUR 534,269.07
Capital EUR 50,000.00
Subscribed capital (share
capital) EUR 50,000.00
Balance sheet profit/loss
(+/-) EUR 484,269.07
Profit / loss brought
forward EUR 56,950.32
Annual surplus / annual
deficit EUR 427,318.75
Provisions EUR 370,880.50
Liabilities EUR 17,395,502.06
Other liabilities EUR 17,395,502.06
Unspecified other
liabilities EUR 17,395,502.06
Profit and loss account (cost-summary method) according to Comm.
Code (HGB)
Gross result (+/-) EUR 2,177,799.69
Staff expenses EUR 99,912.26
Wages and salaries EUR 95,000.00
Social security contributions and
expenses for pension plans and
benefits EUR 4,912.26
Total depreciation EUR 1,196.38
Depreciation on tangible /
intangible
asssets (incl. start-up and exp.
of
bus. EUR 1,196.38
Other operating expenses EUR 1,274,797.44
Operating result from continuing
operations EUR 801,893.61
Interest result (+/-) EUR -189,564.86
Interest and similar income EUR 108,475.46
Interest and similar
expenses EUR 298,040.32
Financial result (+/-) EUR -189,564.86
Result from ordinary operations
(+/-) EUR 612,328.75
Income tax / refund of income tax
(+/-)EUR -185,010.00
Tax (+/-) EUR -185,010.00
Annual surplus / annual
deficit EUR 427,318.75
Type of balance
sheet: Company
balance sheet
Financial year: 25.05.2009 -
31.12.2009
ASSETS
EUR 5,513,007.88
Fixed assets EUR 3,778.47
Tangible assets EUR 3,778.47
Other tangible assets / fixtures
and
fittings EUR 3,778.47
Current assets EUR 5,509,229.41
Stocks EUR 723,657.20
Accounts receivable EUR 4,740,330.02
Other debtors and assets EUR 4,740,330.02
Liquid means EUR 45,242.19
LIABILITIES
EUR 5,513,007.88
Shareholders' equity EUR 106,950.32
Capital EUR 50,000.00
Subscribed capital (share
capital) EUR 50,000.00
Balance sheet profit/loss
(+/-) EUR 56,950.32
Annual surplus / annual
deficit EUR 56,950.32
Provisions EUR 36,450.00
Liabilities EUR 5,369,607.56
Other liabilities EUR 5,369,607.56
Unspecified other
liabilities EUR 5,369,607.56
Profit and loss account (cost-summary method) according to Comm.
Code (HGB)
Gross result (+/-) EUR 330,417.72
Total depreciation EUR 702.27
Depreciation on tangible /
intangible
asssets (incl. start-up and exp.
of
bus. EUR 702.27
Other operating expenses EUR 221,857.94
Operating result from continuing
operations EUR 107,857.51
Interest result (+/-) EUR -24,457.19
Interest and similar
expenses EUR 24,457.19
Financial result (+/-) EUR -24,457.19
Result from ordinary operations
(+/-) EUR 83,400.32
Income tax / refund of income tax
(+/-)EUR -26,450.00
Tax (+/-) EUR -26,450.00
Annual surplus / annual deficit EUR 56,950.32
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.49.25 |
|
UK Pound |
1 |
Rs.77.19 |
|
Euro |
1 |
Rs.65.29 |
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 |
|
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.