MIRA
INFORM REPORT
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Report Date : |
16.01.2012 |
IDENTIFICATION DETAILS
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Name : |
TARA STEEL TRADING GMBH |
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Registered Office : |
Grafenberger Allee 151, D 40237
Düsseldorf |
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Country : |
Germany |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
22.05.1996 |
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Com. Reg. No.: |
HRB 33411 |
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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 : |
07 |
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 : |
39,000 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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 |
COMPANY NAME
TARA Steel Trading GmbH
Main address
Grafenberger Allee 151
D 40237 Düsseldorf
Telephone: 0211/69062-0
Telefax: 0211/69062-16
Homepage: www.tarasteel.com
E-mail: info@tarasteel.com
Synthesis
LEGAL FORM Private limited company
Date of foundation: 1996
Shareholders'
agreement: 13.03.1996
Registered on: 22.05.1996
Commercial Register: Local
court 40213 Düsseldorf
under: HRB 33411
Share capital
EUR
2,500,000.00
Shareholder
Mobarakeh Steel Company
IR Teheran
Legal form: Other legal form
Share: EUR 1,750,000.00
Shareholder Fulad
Metil (Privat AG)
IR – Teheran
Legal form: Other legal form
Share: EUR 750,000.00
Manager
Farhad Dianat Sabatgilani
D 40668 Meerbusch
having sole power of representation
born: 21.03.1956
Profession: Businessman
Further functions/participations of Farhad Dianat Sabatgilani
(Manager)
Shareholder Tara International GmbH
Am Landsknecht 7
D 40667 Meerbusch
Legal form: Private limited company
Share capital: EUR 200,000.00
Share: EUR 200,000.00
Registered on: 28.12.2011
Reg. data: 41460
Neuss, HRB 16425
Manager Tara International GmbH
Am Landsknecht 7
D 40667 Meerbusch
Legal form: Private limited company
Share capital: EUR 200,000.00
Registered on:
28.12.2011
Reg. data: 41460 Neuss, HRB 16425
COMPANY HISTORY
17.06.1996 - 30.09.1997
TARA Steel Trading GmbH
Königsallee 100
D 40215 Düsseldorf
Private limited company
BUSINESS ACTIVITIES
Sectors
46692 Wholesale of other
machinery
46721 Wholesale of
iron ores, iron, steel and iron and steel
semi-finished goods
FINANCIAL INFORMATION
Payment experience:
within agreed terms
Negative information:
We have no negative information at hand.
Maximum credit:
39,000 EUR
Balance sheet year:
2009
REAL ESTATE
Type of ownership:
Proprietor
Share:
100.00 %
Address
Grafenberger Allee 151
D 40237
Düsseldorf
Land register documents were not available.
BANKERS
COMMERZBANK, DÜSSELDORF
Sort. code: 30040000, BIC: COBADEDDXXX
EUROPÄISCH-IRANISCHE HANDELSBANK, HAMBURG
Sort. code: 20310300, BIC: EIHBDEHHXXX
FINANCIAL FIGURES
Equipment: EUR 27,442.00
Ac/ts receivable: EUR 4,525,405.00
Liabillities: EUR 15,209,677.00
Employees:
7
BALANCE SHEETS
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 15.15
Liquidity ratio: 0.43
Return on total capital [%]: 1.84
Balance sheet grade: 3.5
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 21.07
Liquidity ratio: 0.23
Return on total capital [%]: 1.67
Balance sheet grade: 3.4
Balance sheet ratios 01.01.2007 - 31.12.2007
Equity ratio [%]: 27.61
Liquidity ratio: 1.13
Return on total capital [%]: 3.15
Balance sheet grade: 2.9
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:
01.01.2009 - 31.12.2009
ASSETS EUR 18,271,227.26
Fixed assets EUR 3,627,366.54
Tangible assets EUR 3,627,366.54
Land / similar
rights EUR 3,599,924.54
Other tangible assets /
fixtures and
fittings EUR 27,442.00
Current assets EUR 14,637,033.00
Stocks EUR 5,529,683.70
Accounts receivable EUR 4,525,405.29
Amounts due from related
companies EUR 35,514.89
Other debtors and assets EUR 4,489,890.40
Liquid means EUR 4,581,944.01
Remaining other assets EUR 6,827.72
Accruals (assets) EUR 6,827.72
LIABILITIES EUR 18,271,227.26
Shareholders' equity EUR 2,550,145.39
Capital EUR 1,500,000.00
Subscribed capital (share
capital) EUR 1,500,000.00
Balance sheet profit/loss
(+/-) EUR 1,050,145.39
Profit / loss brought
forward EUR 714,032.19
Annual surplus / annual
deficit EUR 336,113.20
Provisions EUR 511,403.95
Liabilities EUR 15,209,677.92
Financial debts EUR 9,593,086.75
Liabilities due to
banks EUR 9,593,086.75
Other liabilities EUR 5,616,591.17
Liabililties due to
related companiesEUR
248,390.90
Unspecified other
liabilities EUR 5,368,200.27
Profit and loss account (cost-summary method) according to Comm.
Code (HGB)
Gross result (+/-) EUR 2,305,270.45
Staff expenses EUR 531,105.07
Wages and salaries EUR 472,088.79
Social security
contributions and
expenses for pension plans
and
benefits EUR 59,016.28
Total depreciation EUR 54,858.76
Depreciation on tangible /
intangible
asssets (incl. start-up
and exp. of
bus. EUR 54,858.76
Other operating
expenses EUR 307,634.42
Operating result from
continuing
operations EUR 1,411,672.20
Interest result (+/-) EUR -861,528.17
Interest and similar
income EUR 219,775.13
Interest and similar
expenses EUR 1,081,303.30
Financial result (+/-) EUR -861,528.17
Result from ordinary
operations (+/-) EUR 550,144.03
Income tax / refund of
income tax (+/-)EUR -209,102.64
Other taxes / refund of
taxes EUR -4,928.19
Tax (+/-) EUR -214,030.83
Annual surplus / annual
deficit EUR 336,113.20
Type of balance
sheet: Company
balance sheet
Financial year:
01.01.2008 - 31.12.2008
ASSETS EUR 12,680,308.63
Fixed assets EUR 1,716,314.65
Tangible assets EUR 1,716,314.65
Land / similar
rights EUR 1,673,803.65
Other tangible assets /
fixtures and
fittings EUR 42,511.00
Current assets EUR 10,958,377.16
Stocks EUR 6,335,929.72
Accounts receivable EUR 1,357,092.56
Other debtors and
assets EUR 1,357,092.56
Liquid means EUR 3,265,354.88
Remaining other assets EUR 5,616.82
Accruals (assets) EUR 5,616.82
LIABILITIES EUR 12,680,308.63
Shareholders' equity EUR 2,214,032.19
Capital EUR 1,500,000.00
Subscribed capital (share
capital) EUR 1,500,000.00
Balance sheet profit/loss
(+/-) EUR 714,032.19
Profit / loss brought
forward EUR 502,057.80
Annual surplus / annual
deficit EUR 211,974.39
Provisions EUR 773,265.00
Liabilities EUR 9,693,011.44
Financial debts EUR 7,263,202.99
Liabilities due to
banks EUR 7,263,202.99
Other liabilities EUR 2,429,808.45
Liabililties due to
related companiesEUR 457,283.99
Unspecified other
liabilities EUR 1,972,524.46
Profit and loss account (cost-summary method) according to Comm.
Code (HGB)
Gross result (+/-) EUR 3,724,948.70
Staff expenses EUR 579,948.86
Wages and salaries EUR 516,945.20
Social security
contributions and
expenses for pension plans
and
benefits EUR 63,003.66
Total depreciation EUR 55,510.68
Depreciation on tangible /
intangible
asssets (incl. start-up
and exp. of
bus. EUR 55,510.68
Other operating
expenses EUR 1,652,680.49
Operating result from
continuing
operations EUR 1,436,808.67
Interest result (+/-) EUR -1,050,026.34
Interest and similar
income EUR 345,892.05
Interest and similar expenses EUR 1,395,918.39
Financial result (+/-) EUR -1,050,026.34
Result from ordinary
operations (+/-) EUR 386,782.33
Income tax / refund of
income tax (+/-)EUR -169,879.75
Other taxes / refund of
taxes EUR -4,928.19
Tax (+/-) EUR -174,807.94
Annual surplus / annual deficit EUR
211,974.39
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.43 |
|
|
1 |
Rs.79.10 |
|
Euro |
1 |
Rs.66.17 |
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.