|
Report Date : |
12.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
STAPPERT DEUTSCHLAND GMBH |
|
|
|
|
Registered Office : |
Willstätterstr. 13, D 40549 Düsseldorf, Post
Box: 11 11 31 |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Year of Establishment : |
1920 |
|
|
|
|
Com. Reg. No.: |
HRB 20 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Wholesaler of iron ores, iron, steel and iron and steel semi-finished
goods |
|
|
|
|
No. of Employees : |
323 employees |
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 : |
Satisfactory |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
germany - ECONOMIC OVERVIEW
The German economy - the fifth largest economy in the world in PPP terms and Europe's largest - is a leading exporter of machinery, vehicles, chemicals, and household equipment and benefits from a highly skilled labor force. Like its Western European neighbors, Germany faces significant demographic challenges to sustained long-term growth. Low fertility rates and declining net immigration are increasing pressure on the country's social welfare system and necessitate structural reforms. Reforms launched by the government of Chancellor Gerhard SCHROEDER (1998-2005), deemed necessary to address chronically high unemployment and low average growth, contributed to strong growth in 2006 and 2007 and falling unemployment. These advances, as well as a government subsidized, reduced working hour scheme, help explain the relatively modest increase in unemployment during the 2008-09 recession - the deepest since World War II - and its decrease to 6.0% in 2011. GDP contracted 5.1% in 2009 but grew by 3.6% in 2010, and 2.7% in 2011. The recovery was attributable primarily to rebounding manufacturing orders and exports - increasingly outside the Euro Zone. Germany's central bank projects that GDP will grow 0.6% in 2012, a reflection of the worsening euro-zone financial crisis and the financial burden it places on Germany as well as falling demand for German exports. Domestic demand is therefore becoming a more significant driver of Germany's economic expansion. Stimulus and stabilization efforts initiated in 2008 and 2009 and tax cuts introduced in Chancellor Angela MERKEL's second term increased Germany's budget deficit to 3.3% in 2010, but slower spending and higher tax revenues reduce the deficit to 1.7% in 2011, below the EU's 3% limit. A constitutional amendment approved in 2009 limits the federal government to structural deficits of no more than 0.35% of GDP per annum as of 2016. Following the March 2011 Fukushima nuclear disaster, Chancellor Angela Merkel announced in May 2011 that eight of the country's 17 nuclear reactors would be shut down immediately and the remaining plants would close by 2022. Germany hopes to replace nuclear power with renewable energy. Before the shutdown of the eight reactors, Germany relied on nuclear power for 23% of its energy and 46% of its base-load electrical production.
|
Source : CIA |
Stappert Deutschland GmbH
Willstätterstr. 13
D 40549 Düsseldorf
Post Box: 11
11 31
Telephone: 0211/5279-0
Telefax:
0211/5279-177
Homepage: www.stappert.biz/deutschland
E-mail:
deutschland@stappert.biz
DE119268333
LEGAL FORM Private limited company
Date of foundation: 1920
Registered on: 11.10.1922
Commercial Register: Local court
40213 Düsseldorf
under: HRB 20
Share capital:
EUR 8,871,000.00
IMS-International Metal
F - Neuilly-sur-Seine
Legal form: Other legal form
Share: EUR 8,871,000.00
Wolfgang Hartmann
D 58239 Schwerte
having sole power of representation
born: 12.10.1954
Manager:
Eric Michel
Jacquet
F . Vernaison
having sole
power of representation
born:
09.01.1959
Nationality:
French
Manager:
Peter Kolz
D 45127 Essen
authorized to
jointly represent the company
born:
24.04.1963
Profession:
Businessman
Manager:
Thierry
Robert Arthur Philippe
F Lyon
born:
02.07.1975
Nationality:
French
Roland Flach
D 40789
Monheim
authorized to
jointly represent the company
born:
15.11.1960
Proxy:
Marc Steffen
D 46514
Schermbeck
authorized to
jointly represent the company
born:
15.03.1971
Profession:
Clerk
Proxy:
Dipl.-Betriebswirt Louis-Patrice Ntivyihabwa
Neckarstr. 17
D 40219
Düsseldorf
Proxy:
Marc
Brucherseifer
D 04029
Leipzig
authorized to
jointly represent the company
born:
23.02.1976
Proxy:
Colin Hesse
D 30159 Hannover
authorized to
jointly represent the company
born:
19.10.1973
Proxy:
Dirk Fälber
D 36280
Oberaula
authorized to
jointly represent the company
born:
02.06.1968
Further functions/participations of Eric
Michel Jacquet (Manager)
Manager:
JACQUET
Deutschland GmbH
Huyssenallee
70-72
D 45128 Essen
Legal form: Private limited company
Share
capital: EUR 25,564.59
Registered
on: 14.11.1995
Reg.
data: 45130 Essen, HRB 11634
Further functions/participations of Peter Kolz
(Manager)
Manager:
Hoselmann
Stahl GmbH Handel und Anarbeitung
Ludwig-Barnay-Str. 8
D 30175
Hannover
Post Box:
2909, D 30029
Hannover
Legal form:
Private limited company
Share
capital: EUR 1,169,000.00
Registered
on: 10.05.2001
Reg.
data: 30175 Hannover, HRB 59464
Further functions/participations of Thierry
Robert Arthur Philippe (Manager)
Manager:
Abraservice
Deutschland GmbH
Ronsdorfer
Str. 24
D 40233
Düsseldorf
Legal form: Private limited company
Share
capital: EUR 1,025,000.00
Registered
on: 03.09.2010
Reg.
data: 40213 Düsseldorf, HRB 64058
11.10.1922 - 01.10.2012 Stappert
Spezial-Stahl Handel GmbH
Willstätterstr. 13
D 40549
Düsseldorf
Private
limited company
01.10.2012 - 01.10.2012 Stappert
Deutschland GmbH
Willstätterstr. 13
D 40549
Düsseldorf
Private
limited company
Main industrial
sector
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
Branch:
Stappert
Deutschland GmbH
Edisonstr. 19
D 59199 Bönen
TEL.: 02383/9570
FAX.:
02383/957010
Branch:
Stappert
Deutschland GmbH
Landsberger
Allee 366
D 12681
Berlin
TEL.:
030/428403-0
Branch:
Stappert Deutschland GmbH
Josef-Beyerle-Str. 13
D 71263 Weil
der Stadt
TEL.:
07033/5282-0
FAX.:
07033/4713
Branch:
Stappert
Deutschland GmbH
Paul-Gerhardt-Allee 48
D 81245
München
TEL.:
089/82917-0
FAX.:
089/82917-200
Branch:
Stappert
Deutschland GmbH
Hugo-Aurig-Str. 7d
D 04319 Leipzig
TEL.:
0341/65972-0
Branch:
Stappert
Deutschland GmbH
Industriestr.
9
D 36272
Niederaula
TEL.:
06625-100-0
Branch:
Stappert Deutschland GmbH
Am Plärrer 27
D 90443
Nürnberg
TEL.:
0911/393626-0
Branch:
Stappert
Deutschland GmbH
An der
Strusbek 54
D 22926 Ahrensburg
TEL.:
04102/474110
FAX.:
04102/474122
Branch:
Stappert
Deutschland GmbH
Mitscherlichstr. 9
D 79108
Freiburg
TEL.: 0761/55965-0
Branch:
Stappert
Deutschland GmbH
Karl-Wiechert-Allee 76
D 30625
Hannover
TEL.:
0511/54097-0
Branch:
Stappert
Deutschland GmbH
Donaustr.
64-66
D 68199
Mannheim
TEL.:
0621/84216-0
Branch:
Stappert
Deutschland GmbH
Ronsdorfer
Str. 24
D 40233
Düsseldorf
TEL.:
0211/99550-0
Branch:
Stappert
Deutschland GmbH
Wilhelmstr.
22
D 89073 Ulm
TEL.:
0731/140129-0
Shareholder:
Hoselmann Stahl GmbH Handel und
Anarbeitung
Ludwig-Barnay-Str. 8
D 30175
Hannover
Post Box:
2909
Legal form:
Private limited company
Company Status: active
Share
capital: EUR 1,169,000.00
Share: EUR 1,052,000.00
Reg.
data: 10.05.2001
Local court 30175 Hannover
HRB 59464
Payment experience: within agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2011
Type of ownership: Tenant
Address
Willstätterstr. 13
D 40549 Düsseldorf
Type of ownership: proprietor
Share: 100.00 %
Address
Josef-Beyerle-Str. 13
D 86947 Weil
Type of ownership: proprietor
Share: 100.00 %
Address Industriestr.
9
D 36272 Niederaula
Type of ownership: proprietor
Share: 100.00 %
Address An der
Strusbek 54
D 22926 Ahrensburg
Land register documents were not available.
Principal bank
DEUTSCHE BANK, DÜSSELDORF
Sort. code: 30070010, Account no.: 3635000, BIC: DEUTDEDDXXX
Further banks
BANKHAUS LAMPE, DÜSSELDORF
Sort. code: 48020151, Account no.: 1512196, BIC: LAMPDEDDXXX
UNICREDIT BANK - HYPOVEREINSBANK, DÜSSELDORF
Sort. code: 30220190, Account no.: 364055544, BIC: HYVEDEMM414
Turnover: 2010 EUR 284,535,972.00
2011 EUR 307,538,373.00
Profit: 2010 EUR 15,636,409.00
2011 EUR 11,655,949.00
further
business figures:
Equipment: EUR 1,299,465.00
Ac/ts
receivable: EUR 35,043,860.00
Liabilities: EUR 50,289,772.00
Employees:
323
-
thereof permanent staff: 323
Balance
sheet ratios 01.01.2011 - 31.12.2011
Equity
ratio [%]: 64.12
Liquidity
ratio: 0.85
Return
on total capital [%]: 7.51
Balance
sheet ratios 01.01.2010 - 31.12.2010
Equity
ratio [%]: 68.22
Liquidity
ratio: 1.30
Return
on total capital [%]: 12.14
Balance
sheet ratios 01.01.2009 - 31.12.2009
Equity
ratio [%]: 63.77
Liquidity
ratio: 0.69
Return
on total capital [%]: -11.10
Balance
sheet ratios 01.01.2008 - 31.12.2008
Equity
ratio [%]: 76.79
Liquidity
ratio: 1.87
Return
on total capital [%]: 9.64
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: 01.01.2011 - 31.12.2011
ASSETS EUR 155,802,101.17
Fixed
assets EUR 64,088,456.54
Intangible assets
EUR 603,283.00
Concessions, licences, rights
EUR 103,282.00
Goodwill
EUR 500,001.00
Tangible assets EUR 5,536,332.04
Land
/ similar rights EUR 4,236,867.04
Other tangible assets / fixtures and
fittings
EUR 1,299,465.00
Financial assets
EUR 57,948,841.50
Shares in participations /
subsidiaries and the like
EUR 57,923,709.69
Shares in related companies
EUR 57,923,709.69
Other loans
EUR 25,131.81
Current
assets EUR 91,680,054.05
Stocks
EUR 55,763,429.52
Raw
materials, consumables and
supplies
EUR 280,325.52
Finished goods / work in progress
EUR 55,483,104.00
Accounts receivable
EUR 35,043,860.43
Trade debtors
EUR 9,869,636.69
Amounts due from related companies
EUR 23,710,530.11
Other debtors and assets
EUR 1,463,693.63
Liquid means
EUR 872,764.10
Remaining other assets EUR 33,590.58
Accruals (assets)
EUR 33,590.58
LIABILITIES
EUR 155,802,101.17
Shareholders' equity EUR 91,873,466.92
Capital
EUR 8,871,000.00
Subscribed capital (share capital)
EUR 8,871,000.00
Balance
sheet profit/loss (+/-) EUR 83,002,466.92
Profit / loss brought forward
EUR 71,346,517.96
Annual surplus / annual deficit
EUR 11,655,948.96
Provisions EUR 13,638,862.62
Pension provisions and comparable
provisions
EUR 5,176,831.02
Provisions for taxes
EUR 4,523,400.00
Other
/ unspecified provisions EUR 3,938,631.60
Liabilities EUR 50,289,771.63
Financial debts
EUR 8,125,000.00
Liabilities due to banks
EUR 8,125,000.00
Other
liabilities EUR 42,164,771.63
Trade creditors (for IAS incl. bills
of
exchange)
EUR 33,459,882.93
Liabililties due to related companiesEUR 8,201,688.23
Unspecified other liabilities
EUR 503,200.47
thereof liabilities from tax /
financial authorities
EUR 251,797.24
thereof liabilities from social
security
EUR 730.01
Guarantees and other commitments EUR 3,334,000.00
Guarantees / warranties
EUR 166,000.00
Warranties
EUR 166,000.00
Letters of support
EUR 3,168,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 307,538,373.34
Other
operating income EUR 1,239,853.27
Cost
of materials
EUR 252,044,624.87
Raw
materials and supplies, purchased
goods EUR 252,044,624.87
Gross
result (+/-) EUR 56,733,601.74
Staff
expenses EUR 17,877,957.36
Wages
and salaries EUR 15,145,659.86
Social
security contributions and
expenses for pension plans and
benefits
EUR 2,732,297.50
Total
depreciation EUR 21,692,657.74
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 985,425.12
Depreciation on current assets (+/-)
EUR 20,707,232.62
Operating result from continuing
operations EUR 17,162,986.64
Interest result (+/-) EUR -505,984.73
Interest and similar income
EUR 455,524.53
thereof from related companies
EUR 361,061.90
Interest and similar expenses
EUR 961,509.26
thereof paid to related companies
EUR 4,991.99
Other
financial result EUR 5,921.67
Income from securities and loans from
financial assets
EUR 5,921.67
Financial result (+/-) EUR -500,063.06
Result
from ordinary operations (+/-) EUR 16,662,923.58
Income
tax / refund of income tax (+/-)EUR
-4,987,115.20
Other
taxes / refund of taxes EUR -19,859.42
Tax
(+/-)
EUR -5,006,974.62
Annual
surplus / annual deficit EUR 11,655,948.96
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 133,260,269.28
Fixed
assets EUR 41,688,831.87
Intangible assets
EUR 1,121,446.00
Concessions, licences, rights
EUR 121,445.00
Goodwill EUR 1,000,001.00
Tangible assets
EUR 5,881,094.04
Land
/ similar rights EUR 4,358,555.04
Other tangible assets / fixtures and
fittings EUR
1,522,539.00
Financial assets
EUR 34,686,291.83
Shares in participations /
subsidiaries and the like
EUR 34,569,679.19
Shares in related companies
EUR 34,569,679.19
Other loans
EUR 116,612.64
Current assets EUR 91,546,448.69
Stocks
EUR 56,326,710.90
Raw
materials, consumables and
supplies EUR 211,781.05
Finished goods / work in progress
EUR 56,114,929.85
Accounts receivable
EUR 28,198,974.60
Trade debtors
EUR 11,403,761.92
Amounts due from related companies
EUR 15,272,830.55
Other debtors and assets
EUR 1,522,382.13
Liquid means
EUR 7,020,763.19
Remaining other assets EUR 24,988.72
Accruals
(assets) EUR 24,988.72
LIABILITIES EUR 133,260,269.28
Shareholders' equity EUR 80,217,517.96
Capital
EUR 8,871,000.00
Subscribed capital (share capital)
EUR 8,871,000.00
Balance sheet profit/loss (+/-)
EUR 71,346,517.96
Balance sheet profit / loss
EUR 71,346,517.96
Provisions EUR 12,743,321.65
Pension provisions and comparable
provisions
EUR 4,808,112.58
Provisions for taxes
EUR 3,961,000.00
Other
/ unspecified provisions EUR 3,974,209.07
Liabilities EUR 40,099,429.67
Financial debts
EUR 10,000,013.32
Liabilities due to banks
EUR 10,000,013.32
Other
liabilities EUR 30,099,416.35
Trade
creditors (for IAS incl. bills
of
exchange)
EUR 15,444,289.18
Liabililties due to related companiesEUR 11,559,430.54
Unspecified other liabilities
EUR 3,095,696.63
thereof liabilities from tax /
financial authorities
EUR 2,584,127.34
thereof liabilities from social
security
EUR 3,041.20
Other
liabilities EUR 200,000.00
Deferred taxes (not included under
provisions/liabilities)
EUR 200,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 284,535,972.33
Other
operating income EUR 1,032,661.26
Cost
of materials
EUR 216,171,911.28
Raw
materials and supplies, purchased
goods
EUR 216,171,911.28
Gross
result (+/-) EUR
69,396,722.31
Staff
expenses EUR 19,071,689.84
Wages
and salaries EUR 15,964,870.27
Social security contributions and
expenses for pension plans and
benefits EUR 3,106,819.57
Total
depreciation EUR 1,122,309.83
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,122,309.83
Other
operating expenses EUR 20,460,927.02
Operating result from continuing
operations EUR 28,741,795.62
Interest result (+/-) EUR -1,027,344.94
Interest and similar income EUR 76,068.62
thereof from related companies
EUR 54,829.07
Interest and similar expenses
EUR 1,103,413.56
thereof paid to related companies
EUR 7.62
Other
financial result EUR -5,888,630.57
Income from securities and loans from
financial assets
EUR 7,308.39
Depreciation on financial assets and
marketable securities
EUR 5,895,938.96
Financial
result (+/-) EUR -6,915,975.51
Result
from ordinary operations (+/-) EUR 21,825,820.11
Extraordinary expenses EUR 476,192.00
Extraordinary result (+/-) EUR -476,192.00
Income
tax / refund of income tax (+/-)EUR
-5,696,880.04
Other
taxes / refund of taxes EUR -16,339.27
Tax
(+/-)
EUR -5,713,219.31
Annual
surplus / annual deficit EUR 15,636,408.80
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.07 |
|
UK Pound |
1 |
Rs.84.95 |
|
Euro |
1 |
Rs.68.24 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.