MIRA INFORM REPORT

 

 

Report Date :

01.06.2012

 

IDENTIFICATION DETAILS

 

Name :

ITECO STAHLSERVICE GMBH

 

 

Registered Office :

Bleicherstr. 16, D 78467 Konstanz

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

1978

 

 

Com. Reg. No.:

HRB 500455

 

 

Legal Form :

Private limited company

 

 

Line of Business :

Retail sale of miscellaneous goods (except food)

 

 

No. of Employees :

Not Available

 

 

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

 

Status :

Good

Payment Behaviour :

No complaints

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, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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

 

ITECO Stahlservice GmbH

Bleicherstr. 16

D 78467 Konstanz

Telephone:07365/96130

Telefax:  07365/5659

 

 

Company details

 

LEGAL FORM                           Private limited company

Date of foundation:                     1978

Shareholders' agreement:           28.09.1978

Registered on:                           09.05.1983

Commercial Register:                 Local court 89073 Ulm

under:                                                   HRB 500455

Share capital:                            EUR            120,000.00

 

 

Shareholder

 

Scholz AG

Beim Bahnhof 1-20

D 73457 Essingen

Post Box:

52, D 73455 Essingen

Legal form: Public limited company

Share capital:     EUR         50,000,000.00

Share:             EUR             72,000.00

Registered on: 21.09.1999

Reg. data: 89073 Ulm, HRB 501260

 

Shareholder:

Transfer Handelsgesellschaft mbH

Bleicherstr. 16

D 78467 Konstanz

Legal form: Private limited company

Share capital:     EUR             62,000.00

Share:             EUR             48,000.00

Registered on: 24.06.2008

Reg. data: 79098 Freiburg, HRB 702480

 

 

Manager

 

Raphael Clemens Barth

Franz-Schubert-Str. 6

D 73540 Heubach

authorized to jointly represent the company

born: 18.04.1975

Marital status: unknown

 

Manager:

Steffen Ritz

D 73457 Essingen

authorized to jointly represent the company

born: 23.02.1971

 

 

Proxy

 

Peter Schiele

CH 8006 Zürich

authorized to jointly represent the company

born: 05.10.1971

 

Proxy:

Kay Gessner

D 73430 Aalen

authorized to jointly represent the company

born: 22.10.1978

 

 

Further functions/participations of Raphael Clemens Barth

 

(Manager)

Manager:

Scholz Recycling Beteiligungsgesellschaft

mbH

Zschortauer Str. 68

D 04129 Leipzig

Legal form: Private limited company

dissolved

Share capital:     EUR             25,000.00

Registered

on:         01.02.2006

Reg. data:  04275 Leipzig, HRB 22177

 

Manager:

Scholz Internationale Handelsgesellschaft

mbH

Beim Bahnhof 10

D 73457 Essingen

Legal form: Private limited company

Share capital:     EUR            511,291.88

Registered

on:         29.06.1981

Reg. data:  89073 Ulm, HRB 500411

 

Manager:

Wörle Edelstahl GmbH

Habsburgerstr. 7 OT Ebnat

D 73432 Aalen

Legal form: Private limited company

Share capital:     EUR             51,129.19

Registered

on:         18.11.1999

Reg. data:  89073 Ulm, HRB 501274

 

Manager:

RZR Recycling GmbH

Zschortauer Str. 68

D 04129 Leipzig

Legal form: Private limited company

Share capital:     EUR            260,000.00

Registered

on:         31.03.1998

Reg. data:  04275 Leipzig, HRB 14367

 

Manager:

Scholz Industrieservice GmbH

Beim Bahnhof 20

D 73457 Essingen

Legal form: Private limited company

Share capital:     EUR             50,000.00

Registered

on:         13.02.2004

Reg. data:  89073 Ulm, HRB 501546

 

Manager:

Scholz Invest GmbH

Beim Bahnhof 1-20

D 73457 Essingen

Legal form: Private limited company

Share capital:     EUR            100,000.00

Registered

on:         12.09.2007

Reg. data:  89073 Ulm, HRB 721391

 

 

Member of the Board of Directors

 

Scholz AG

Beim Bahnhof 1-20

D 73457 Essingen

Post Box:

52, D 73455 Essingen

Legal form: Public limited company

Share capital:     EUR         50,000,000.00

Registered

on:         21.09.1999

Reg. data:  89073 Ulm, HRB 501260

 

 

Member of the Supervisory Board

 

Scholz Management AG

Beim Bahnhof 1-20

D 73457 Essingen

Legal form: Public limited company

Share capital:     EUR            100,000.00

Registered

on:         21.07.2008

Reg. data:  89073 Ulm, HRB 722454

 

 

Proxy

 

SIV Immobilien Verwaltungs-GmbH

Beim Bahnhof 1-20

D 73457 Essingen

Legal form: Private limited company

Share capital:     EUR             25,000.00

Registered

on:         20.02.2006

Reg. data:  89073 Ulm, HRB 501682

 

Proxy:

Erwin Sickeler GmbH

Beim Bahnhof 1-20

D 73457 Essingen

Legal form: Private limited company

Share capital:     EUR          1,000,000.00

Registered

on:         22.06.2010

Reg. data:  89073 Ulm, HRB 725233

 

Proxy:

Air-Service GmbH

Beim Bahnhof

D 73457 Essingen

Legal form: Private limited company

Share capital:     EUR             55,000.00

Registered

on:         06.09.2005

Reg. data:  89073 Ulm, HRB 501647

 

 

Liquidator

 

IES Schrott Import Export GmbH

Beim Bahnhof 1-20

D 73457 Essingen

Legal form: Private limited company

dissolved

Share capital:     EUR            255,645.94

Registered

on:         03.04.1979

Reg. data:  89073 Ulm, HRB 500307

 

Liquidator:

Scholz Stahlzentrum - Ost GmbH

Raiffeisenstr. 10

D 92726 Waidhaus

Legal form: Private limited company in

liquidation

Share capital:     EUR            127,800.00

Registered

on:         08.07.1999

Reg. data:  92637 Weiden, HRB 2094

 

 

Further functions/participations of Steffen Ritz (Manager)

 

Shareholder:

Transfer Handelsgesellschaft mbH

Bleicherstr. 16

D 78467 Konstanz

Legal form: Private limited company

Share capital:     EUR             62,000.00

Share:             EUR             31,000.00

Registered

on:         24.06.2008

Reg. data:  79098 Freiburg, HRB 702480

 

Manager:

Transfer Handelsgesellschaft mbH

Bleicherstr. 16

D 78467 Konstanz

Legal form: Private limited company

Share capital:     EUR             62,000.00

Registered

on:         24.06.2008

Reg. data:  79098 Freiburg, HRB 702480

 

 

COMPANY HISTORY

 

1978 - 09.05.1983        Doneit + Pietsch & Co. GmbH

D 73054 Eislingen

Private limited company

09.05.1983 - 15.07.1983  Doneit + Pietsch & Co. GmbH

Beim Bahnhof

D 73457 Essingen

Private limited company

16.07.1983 - 19.09.2011  Iteco Int. Rohstoff- und Warenhandel

GmbH

Beim Bahnhof

D 73457 Essingen

Private limited company

 

 

BUSINESS ACTIVITIES

 

Sectors

4690    Non-specialized wholesale trade

47191   Retail sale of miscellaneous goods (except food)

 

 

FINANCIAL INFORMATION

 

Payment experience:  within agreed terms

 

Negative information:We have no negative information at hand.

 

Balance sheet year:  2010

 

 

REAL ESTATE

 

Type of ownership:   Tenant

Address              Bleicherstr. 16

D 78467 Konstanz

 

Land register documents were not available.

 

 

BANKERS

 

VOLKSBANK GÖPPINGEN, GÖPPINGEN

Sort. code: 61060500, BIC: GENODES1VGP

 

 

FINANCIAL FIGURES

 

Turnover:            2011               EUR            987,500.00

Profit:              2010               EUR             13,706.00

further business figures:

Equipment:                              EUR             35,000.00

Ac/ts receivable:                       EUR            230,320.00

Liabillities:                           EUR            195,198.00

Employees:                                                      5

 

The aforementioned business figures may partly be estimated information based on average values in the line of business.

 

 

BALANCE SHEETS

 

Balance sheet ratios 01.01.2010 - 31.12.2010

Equity ratio [%]:                 53.38

Liquidity ratio:                  10.00

Return on total capital [%]:       3.25

Balance sheet grade:                1.9

 

Balance sheet ratios 01.01.2009 - 31.12.2009

Equity ratio [%]:                 65.11

Liquidity ratio:                   3.61

Return on total capital [%]:       4.80

Balance sheet grade:                1.6

 

Balance sheet ratios 01.01.2008 - 31.12.2008

Equity ratio [%]:                 26.01

Liquidity ratio:                   1.64

Return on total capital [%]:      10.83

Balance sheet grade:                2.5

 

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:      01.01.2010 - 31.12.2010

 

ASSETS                                  EUR            421,294.36

Current assets                         EUR            421,294.36

Accounts receivable                   EUR            230,320.01

Trade debtors                        EUR            201,598.37

Other debtors and assets             EUR             28,721.64

Liquid means                          EUR            190,974.35

 

LIABILITIES                             EUR            421,294.36

Shareholders' equity                   EUR            224,896.81

Capital                               EUR            102,258.38

Subscribed capital (share capital)   EUR            102,258.38

Balance sheet profit/loss (+/-)       EUR            122,638.43

Profit / loss brought forward        EUR            108,932.93

Annual surplus / annual deficit      EUR             13,705.50

Provisions                             EUR              1,200.00

Other / unspecified provisions        EUR              1,200.00

Liabilities                            EUR            195,197.55

Other liabilities                     EUR            195,197.55

Trade creditors (for IAS incl. bills

of exchange)                         EUR              1,028.70

Liabililties due to related companiesEUR            194,168.85

Unspecified other liabilities        EUR                  0.00

thereof liabilities from tax /

financial authorities               EUR                  0.00

 

Type of balance

sheet:               Company balance sheet

 

Financial year:      01.01.2009 - 31.12.2009

 

ASSETS                                  EUR            324,357.70

Current assets                         EUR            324,357.70

Accounts receivable                   EUR            293,839.50

Trade debtors                        EUR             80,451.53

Amounts due from related companies   EUR            143,325.00

Amounts due from investee companies  EUR             34,524.97

Other debtors and assets             EUR             35,538.00

Liquid means                          EUR             30,518.20

 

LIABILITIES                             EUR            324,357.70

Shareholders' equity                   EUR            211,191.31

Capital                               EUR            102,258.38

Subscribed capital (share capital)   EUR            102,258.38

Balance sheet profit/loss (+/-)       EUR            108,932.93

Profit / loss brought forward        EUR             93,349.55

Annual surplus / annual deficit      EUR             15,583.38

Provisions                             EUR              1,200.00

Other / unspecified provisions        EUR              1,200.00

Liabilities                            EUR            111,966.39

Other liabilities                     EUR            111,966.39

Trade creditors (for IAS incl. bills

of exchange)                         EUR             60,211.03

Liabililties due to related companiesEUR             50,923.20

Unspecified other liabilities        EUR                832.16

thereof liabilities from tax /

financial authorities               EUR                832.16

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.56.42

UK Pound

1

Rs.87.37

Euro

1

Rs.69.95

 

 

INFORMATION DETAILS

 

Report Prepared by :

PDT

 

 

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.