|
Report Date : |
06.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
STEMCOR GMBH |
|
|
|
|
Registered Office : |
Breite Str. 31 D 40213 Düsseldorf |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
13.07.1989 |
|
|
|
|
Com. Reg. No.: |
HRB 24442 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Wholesale of iron ores, iron, steel and iron and steel semi-finished goods |
|
|
|
|
No. of Employees : |
14 |
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Stemcor GmbH
Company Status: active
Breite Str. 31
D 40213 Düsseldorf
Telephone:0211/458550
Telefax: 0211/458559500
Homepage: www.stemcor.com
E-mail: dus@stemcor.com
LEGAL FORM Private
limited company
Date of
foundation: 1989
Shareholders'
agreement: 25.04.1989
Registered
on: 13.07.1989
Commercial
Register: Local court 40213 Düsseldorf
under: HRB
24442
EUR 2,557,000.00
Dominant Holdings AG
CH - Pfäffikon
Legal form: Other legal form
Share: EUR 2,556,203.00
Shareholder:
Stemcor Ltd.
GB - London
Legal form: Other legal form
Share: EUR 797.00
Manager:
Dr. Stefan Miskiewicz
Strümper Str. 98
D 40670 Meerbusch
born: 05.02.1953
Proxy:
Dietmar Schmitz
D 41564 Kaarst
authorized to jointly represent the company
born: 25.10.1957
Proxy:
Bernhard Stoll
D 40699 Erkrath
authorized to jointly represent the company
Profession: Businessman
(Manager)
Manager:
Stemcor Automotive + Processing GmbH
Breite Str. 31
D 40213 Düsseldorf
Legal form: Private limited company
Share capital: EUR 1,000,000.00
Registeredon: 10.09.2008
Reg. data: 40213 Düsseldorf, HRB
59497
13.07.1989 -
15.03.1995 Eurosteel Products
Deutschland GmbH
Roßstr. 130
D 40476 Düsseldorf
Private limited
company
06.03.1996 -
05.11.1999 Stemcor GmbH
Roßstr. 130
D 40476 Düsseldorf
Private limited
company
04.05.2006 -
08.2007 Stemcor GmbH
Tersteegenstr. 28
D 40474 Düsseldorf
Private limited
company
22.01.2009 -
16.11.2011 Manager
Carsten Schmickler
D 70173 Stuttgart
25.01.2010 -
30.03.2010 Manager
Klaus Göttker
D 40213 Düsseldorf
29.03.2007 -
08.01.2010 Manager
Uwe Heider
D 40210 Düsseldorf
06.03.2002 -
08.01.2010 Manager
Philip Edmonds
GB Woldingham Surrey
Sectors
46721 Wholesale of iron ores, iron, steel and iron
and steel
semi-finished
goods
4690 Non-specialized wholesale trade
8299 Other business support service activities
n. e. c.
96090 Other service activities n. e. c.
Payment
experience: within agreed terms
Negative
information:We have no negative information at hand.
Balance sheet
year: 2010
Type of
ownership: Tenant
Address Breite Str. 31
D 40213 Düsseldorf
Land register
documents were not available.
COMMERZBANK,
DÜSSELDORF
Sort. code:
30040000, BIC: COBADEDDXXX
HSBC TRINKAUS
& BURKHARDT, DÜSSELDORF
Sort. code:
30030880, BIC: TUBDDEDDXXX
UNICREDIT BANK -
HYPOVEREINSBANK, DÜSSELDORF
Sort. code:
30220190, BIC: HYVEDEMM414
Turnover: 2010 EUR 40,609,580.00
Profit: 2010 EUR 824,517.00
Equipment: EUR 107,718.00
Ac/ts
receivable:
EUR 5,270,750.00
Liabillities: EUR 9,194,170.00
Employees: 14
Balance sheet
ratios 01.01.2010 - 31.12.2010
Equity ratio
[%]: 41.86
Liquidity
ratio: 0.58
Return on total
capital [%]: 5.00
Balance sheet
ratios 01.01.2009 - 31.12.2009
Equity ratio
[%]: 34.00
Liquidity
ratio: 0.81
Return on total
capital [%]: -28.87
Balance sheet
ratios 01.01.2008 - 31.12.2008
Equity ratio
[%]: 9.26
Liquidity
ratio: 0.19
Return on total
capital [%]: -11.12
Balance sheet
ratios 01.01.2007 - 31.12.2007
Equity ratio
[%]: 14.05
Liquidity
ratio: 0.68
Return on total
capital [%]: 1.93
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 20,569,965.71
Fixed assets EUR 3,093,447.98
Intangible assets EUR 478.18
Concessions, licences, rights EUR 478.18
Tangible assets EUR 107,717.80
Other tangible assets / fixtures and
fittings EUR 107,717.80
Financial assets EUR 2,985,252.00
Shares in participations /
subsidiaries and the like EUR 2,985,252.00
Shares in related companies EUR 2,985,252.00
Current assets EUR 17,234,499.93
Stocks EUR 11,788,871.20
Finished goods / work in progress EUR
11,390,312.78
Advance payments made EUR 398,558.42
Accounts receivable EUR 5,270,749.62
Trade debtors EUR 4,964,782.56
Amounts due from related companies EUR 88,541.56
Other debtors and assets EUR 217,425.50
Liquid means EUR 174,879.11
Remaining other assets EUR 242,017.80
Accruals (assets) EUR 242,017.80
LIABILITIES EUR 20,569,965.71
Shareholders' equity EUR 8,611,406.09
Capital EUR 2,557,000.00
Subscribed capital (share capital) EUR
2,557,000.00
Reserves EUR 1,391,148.51
Capital reserves EUR 1,391,148.51
Balance sheet profit/loss (+/-) EUR
4,663,257.58
Profit / loss brought forward EUR 4,663,257.58
Provisions EUR 2,764,389.87
Pension provisions and comparable
provisions EUR 767,560.00
Other / unspecified provisions EUR 1,996,829.87
Liabilities EUR 9,194,169.75
Financial debts EUR 1,524,562.81
Liabilities due to banks EUR 1,524,562.81
Other liabilities EUR 7,669,606.94
Trade creditors (for IAS incl. bills
of exchange) EUR 1,807,493.26
Liabililties due to related
companiesEUR 5,462,298.32
Unspecified other liabilities EUR 399,815.36
thereof liabilities from tax /
financial authorities EUR 362,048.66
thereof liabilities from social
security EUR 6,535.83
Profit and loss
account (cost-summary method) according to Comm.
Code (HGB)
Sales EUR 40,609,579.51
Other operating income EUR 1,033,216.00
Cost of materials EUR
35,859,131.56
Raw materials and supplies, purchased
goods EUR 35,856,435.06
Purchased services EUR 2,696.50
Gross result (+/-) EUR 5,783,663.95
Staff expenses EUR 1,751,225.42
Wages and salaries EUR 1,534,323.83
Social security contributions and
expenses for pension plans and
benefits EUR 216,901.59
Total depreciation EUR 40,927.92
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 40,927.92
Other operating expenses EUR 2,865,349.78
Operating result from continuing
operations EUR 1,126,160.83
Interest result (+/-) EUR -96,475.24
Interest and similar income EUR 256,809.29
thereof from related companies EUR 255,271.95
Interest and similar expenses EUR 353,284.53
thereof paid to related companies EUR 180,392.05
Financial result (+/-) EUR
-96,475.24
Result from ordinary operations (+/-) EUR
1,029,685.59
Extraordinary expenses EUR 203,249.00
Extraordinary result (+/-) EUR -203,249.00
Expenses for transfer of profits to a
parent company EUR 824,516.82
Other taxes / refund of taxes EUR -1,919.77
Tax (+/-) EUR -1,919.77
Annual surplus / annual deficit EUR 0.00
Type of balance
sheet: Company balance sheet
Financial
year: 01.01.2009 - 31.12.2009
ASSETS EUR 34,153,907.37
Fixed assets EUR 6,116,008.63
Intangible assets EUR 811.18
Concessions, licences, rights EUR 811.18
Tangible assets EUR 129,945.45
Other tangible assets / fixtures and
fittings EUR 129,945.45
Financial assets EUR 5,985,252.00
Shares in participations /
subsidiaries and the like EUR 5,985,252.00
Shares in related companies EUR
5,985,252.00
Current assets EUR 27,969,280.46
Stocks EUR 11,534,548.11
Finished goods / work in progress EUR
11,380,994.77
Advance payments made EUR
153,553.34
Accounts receivable EUR 14,662,730.83
Trade debtors EUR 4,275,333.96
Amounts due from related companies EUR
10,213,428.65
Other debtors and assets EUR 173,968.22
Liquid means EUR 1,772,001.52
Remaining other assets EUR 68,618.28
Accruals (assets) EUR 68,618.28
LIABILITIES EUR 34,153,907.37
Shareholders' equity EUR 11,611,406.09
Capital EUR 2,557,000.00
Subscribed capital (share capital) EUR
2,557,000.00
Reserves
EUR 4,391,148.51
Capital reserves EUR 4,391,148.51
Balance sheet profit/loss (+/-) EUR 4,663,257.58
Profit / loss brought forward EUR 4,663,257.58
Provisions EUR 2,590,561.85
Pension provisions and comparable
provisions EUR 549,475.00
Provisions for taxes EUR 207,001.82
Other / unspecified provisions EUR 1,834,085.03
Liabilities EUR 19,951,939.43
Financial debts EUR 13,222,737.15
Liabilities due to banks EUR 13,222,737.15
Other liabilities EUR 6,729,202.28
Trade creditors (for IAS incl. bills
of exchange) EUR 688,678.57
Liabililties due to related
companiesEUR 5,804,911.14
Unspecified other liabilities EUR
235,612.57
thereof liabilities from tax /
financial authorities EUR 103,574.55
thereof liabilities from social
security EUR 676.48
Profit and loss
account (cost-summary method) according to Comm.
Code (HGB)
Sales EUR 52,072,439.74
Other operating income EUR 2,536,793.43
Cost of materials EUR 58,373,428.56
Raw materials and supplies, purchased
goods EUR 57,935,442.02
Purchased services EUR 437,986.54
Gross result (+/-) EUR -3,764,195.39
Staff expenses EUR 1,365,032.35
Wages and salaries EUR 1,119,621.05
Social security contributions and
expenses for pension plans and
benefits EUR 245,411.30
Total depreciation EUR 67,522.21
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 67,522.21
Other operating expenses EUR 3,740,285.03
Operating result from continuing
operations EUR -8,937,034.98
Interest result (+/-) EUR -763,057.02
Interest and similar income EUR 88,649.30
thereof from related companies EUR 81,513.82
Interest and similar expenses EUR 851,706.32
thereof paid to related companies EUR 158,891.78
Financial result (+/-) EUR -763,057.02
Result from ordinary operations (+/-) EUR
-9,700,092.00
Income from assumption of loss by
parent company EUR 9,859,710.40
Income tax / refund of income tax
(+/-)EUR -157,173.40
Other taxes / refund of taxes EUR -2,445.00
Tax (+/-) EUR -159,618.40
Annual surplus / annual deficit EUR 0.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.79 |
|
|
1 |
Rs.78.79 |
|
Euro |
1 |
Rs.65.74 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.