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Report Date : |
03.09.2012 |
IDENTIFICATION DETAILS
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Name : |
ALTEX
TEXTIL-RECYCLING VERWALTUNGS-GMBH |
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Registered Office : |
Gronauer
Str. 105 D 48599 Gronau |
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Country : |
Germany |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
25.04.1989 |
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Com. Reg. No.: |
HRB 5741 |
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Legal Form : |
Private
Limited Company |
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Line of Business : |
Activities of head offices |
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No. of Employees : |
2 |
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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Max. Credit Limit : |
26,000 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 – March 31st, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
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
ALTEX Textil-Recycling Verwaltungs-GmbH
Company Status: active
Gronauer Str. 105
D 48599 Gronau
Telephone:02565/93450
Telefax:
02565/934567
Homepage: www.altex.de
E-mail:
info@altex.de
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 25.04.1989
Begin of business
activities: 25.04.1989
Shareholders'
agreement: 25.04.1989
Registered on: 13.06.1989
Commercial Register: Local court 48653 Coesfeld
under: HRB 5741
EUR
26,000.00
Karsten Günter Stienemann
Gildehauser Str. 171
D 48599 Gronau
born: 28.09.1967
Share: EUR 20,800.00
Shareholder:
Bernhard Stienemann
Reinermanns Haar 52
D 48599 Gronau
born: 12.06.1952
Share: EUR 5,200.00
Manager:
Karsten Günter Stienemann
Gildehauser Str. 171
D 48599 Gronau
having sole power of representation
born: 28.09.1967
Profession: Businessman
Proxy:
Bernhard Stienemann
Reinermanns Haar 52
D 48599 Gronau
having sole power of
representation
born: 12.06.1952
Profession: Businessman
Marital status: married
FURTHER FUNCTIONS/PARTICIPATIONS OF KARSTEN
GÜNTER STIENEMANN
(Manager)
Limited partner:
ALTEX Textil-Recycling
GmbH & Co. KG
Gronauer Str. 105
D 48599 Gronau
Legal form: Ltd
partnership with priv. ltd.
company as general partner
Total cap. EUR 200,000.00
contribution:
Share: EUR 80,000.00
Registered
on: 02.08.1989
Reg. data: 48653 Coesfeld, HRA 3653
Limited partner:
Altex Günter Stienemann
GmbH & Co KG
Overdinkelstr. 22
D 48599 Gronau
Legal form: Ltd partnership with priv.
ltd.
company as
general partner
Total cap. EUR 250,000.00
contribution:
Share: EUR 50,000.00
Registered
on: 20.03.2003
Reg. data: 48653 Coesfeld, HRA 4015
Limited partner:
Stienemann Grundbesitz
GmbH & Co. KG
Gronauer Str. 105
D 48599 Gronau
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 200,000.00
contribution:
Share: EUR 40,000.00
Registered
on: 06.01.2010
Reg. data: 48653 Coesfeld, HRA 6518
Limited partner:
Altex Gronauer Filz GmbH
& Co. KG
Düppelstr. 12
D 48599 Gronau
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 198,000.00
contribution:
Share: EUR 39,600.00
Registered
on: 23.10.1975
Reg. data: 48653 Coesfeld, HRA 3606
Limited partner:
ALTEX Faser + Garn GmbH
& Co. KG
Gronauer Str. 105
D 48599 Gronau
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 50,000.00
contribution:
Share: EUR 20,000.00
Registered
on: 02.08.1989
Reg. data: 48653 Coesfeld, HRA 3654
Shareholder:
ALTEX Faser + Garn
Verwaltungs GmbH
Gronauer Str. 105
D 48599 Gronau
Legal form: Private
limited company
Share capital: EUR 26,000.00
Share: EUR 20,800.00
Registered
on: 13.06.1989
Reg. data: 48653 Coesfeld, HRB 5740
Shareholder:
Altex Günter Stienemann
Verwaltungs-GmbH
Overdinkelstr. 22
D 48599 Gronau
Legal form: Private limited
company
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 23.07.2002
Reg. data: 48653 Coesfeld, HRB 6148
Shareholder:
Gronauer Filz
Gesellschaft mit beschränkter
Haftung
Düppelstr. 12
D 48599 Gronau
Legal form: Private limited
company
Share capital: EUR 26,000.00
Share: EUR 5,200.00
Registered
on: 05.06.1975
Reg. data: 48653 Coesfeld, HRB 5556
Shareholder:
Stienemann Grundbesitz
Vermögensverwaltungs-GmbH
Gronauer Str. 105
D 48599 Gronau
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 5,000.00
Registered
on: 20.11.2009
Reg. data: 48653 Coesfeld, HRB 12144
Manager:
Altex Günter Stienemann
Verwaltungs-GmbH
Overdinkelstr. 22
D 48599 Gronau
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 23.07.2002
Reg. data: 48653 Coesfeld, HRB 6148
Manager:
ALTEX Faser + Garn Verwaltungs GmbH
Gronauer Str. 105
D 48599 Gronau
Legal form: Private
limited company
Share capital: EUR 26,000.00
Registered
on: 13.06.1989
Reg. data: 48653 Coesfeld, HRB 5740
Manager:
Stienemann Grundbesitz
Vermögensverwaltungs-GmbH
Gronauer Str. 105
D 48599 Gronau
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 20.11.2009
Reg. data: 48653 Coesfeld, HRB 12144
Proxy:
ALTEX Textil-Recycling
GmbH & Co. KG
Gronauer Str. 105
D 48599 Gronau
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 200,000.00
contribution:
Registered
on: 02.08.1989
Reg. data: 48653 Coesfeld, HRA 3653
Proxy:
Gronauer Filz
Gesellschaft mit beschränkter
Haftung
Düppelstr. 12
D 48599 Gronau
Legal form: Private limited company
Share capital: EUR 26,000.00
Registered
on: 05.06.1975
Reg. data: 48653 Coesfeld, HRB 5556
16.08.1993 - 23.02.2010 Manager
Günter Stienemann
sen.
D 48599 Gronau
Main industrial sector
7010
Activities of head offices
General partner:
ALTEX Textil-Recycling
GmbH & Co. KG
Gronauer Str. 105
D 48599 Gronau
Legal form: Ltd
partnership with priv. ltd.
company as general partner
Company Status: active
Total cap. EUR 200,000.00
contribution:
Reg. data: 02.08.1989
Local court 48653 Coesfeld
HRA 3653
Payment experience: without complaints
Negative information:We have no negative
information at hand.
Maximum credit: 26,000 EUR
Balance sheet year: 2010
Type of ownership: Tenant
Address Gronauer Str. 105
D 48599 Gronau
Real Estate of: Karsten Günter Stienemann
Type of ownership: Tenant
Address Gildehauser Str. 171
D 48599 Gronau
Land register documents were not available.
Principal bank
VOLKSBANK GRONAU-AHAUS, GRONAU (WESTF.)
Sort. code: 40164024, BIC: GENODEM1GRN
Profit: 2010 EUR 10,331.00
Ac/ts receivable: EUR 46,558.00
Liabilities: EUR 10,482.00
Employees:
2
The
aforementioned business figures may partly be estimated
information based on average values in the
line of business.
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 83.43
Liquidity ratio: 4.44
Return on total capital [%]: 14.53
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 84.42
Liquidity ratio: 4.28
Return on total capital [%]: 15.08
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 82.35
Liquidity ratio: 3.19
Return on total capital [%]: 10.90
Balance sheet ratios 01.01.2007 - 31.12.2007
Equity ratio [%]: 69.35
Liquidity ratio: 1.82
Return
on total capital [%]: 17.70
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 71,100.30
Fixed assets
EUR 24,542.01
Financial assets
EUR 24,542.01
Other / unspecified financial assets EUR 24,542.01
Current assets
EUR 46,558.29
Accounts receivable
EUR 46,558.29
Other debtors and assets
EUR 46,558.29
LIABILITIES EUR 71,100.30
Shareholders' equity
EUR 59,321.37
Capital
EUR 26,000.00
Subscribed capital (share capital)
EUR 26,000.00
Balance sheet profit/loss (+/-)
EUR 33,321.37
Profit / loss brought forward
EUR 22,990.80
Annual surplus / annual deficit
EUR 10,330.57
Provisions EUR 1,297.20
Liabilities
EUR 10,481.73
Other liabilities
EUR 10,481.73
Unspecified other liabilities
EUR 10,481.73
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2009 - 31.12.2009
ASSETS EUR 58,031.97
Fixed assets
EUR 24,542.01
Financial assets EUR 24,542.01
Other / unspecified financial assets EUR 24,542.01
Current assets
EUR 33,489.96
Accounts receivable
EUR 33,489.96
Other
debtors and assets EUR 33,489.96
LIABILITIES EUR 58,031.97
Shareholders' equity
EUR 48,990.80
Capital
EUR 26,000.00
Subscribed capital (share capital)
EUR 26,000.00
Balance sheet profit/loss (+/-)
EUR 22,990.80
Profit / loss brought forward
EUR 14,237.62
Annual surplus / annual deficit
EUR 8,753.18
Provisions
EUR 1,213.75
Liabilities
EUR 7,827.42
Other liabilities
EUR 7,827.42
Unspecified other liabilities EUR 7,827.42
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.72 |
|
|
1 |
Rs.87.95 |
|
Euro |
1 |
Rs.69.65 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
|
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 |
|
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 |
|
-- |
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.