|
Report Date : |
08.09.2012 |
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 – 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 |
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
NOTE:
In the meantime there have been changes in particular in the following areas subject to monitoring:
- Financial information
NZR Naturstein Zentrum Ruhr GmbH
Company Status: active
Arnoldschacht 5-7
D
44894 Bochum
Telephone:0234/3253699
Telefax: 0234/3253698
Homepage: www.nzr-bochum.de
E-mail: info@nzr-bochum.de
DE813513275
Business relations are
permissible.
LEGAL FORM Private
limited company
Date of foundation: 16.08.2002
Shareholders'
agreement: 16.08.2002
Registered on: 24.10.2002
Commercial Register: Local court 44787 Bochum
under: HRB
7495
EUR 100,000.00
Frank
Schewe
Endte
4
D
58091 Hagen
born:
21.10.1972
Share: EUR 50,000.00
Shareholder:
Frank
Dietrich
Rapunzelweg 47
D 58135 Hagen
born:
27.11.1969
Share: EUR 50,000.00
Manager:
Frank
Schewe
Endte
4
D
58091 Hagen
having
sole power of representation
born:
21.10.1972
Profession: Businessman
Manager:
Frank
Dietrich
Rapunzelweg 47
D
58135 Hagen
having sole power of representation
born:
27.11.1969
Profession: Businessman
Main industrial sector
46734 Wholesale of construction materials of
mineral sustances
Payment experience: without complaints
Negative information:We
have no negative information at hand.
Balance sheet year: 2010
Type of ownership: Tenant
Address Arnoldschacht 5-7
D
44894 Bochum
Land register documents
were not available.
SPARKASSE BOCHUM, BOCHUM
Sort. code: 43050001, BIC:
WELADED1BOC
SPARKASSE HAGEN, HAGEN,
WESTF
Sort. code: 45050001, BIC:
WELADE3HXXX
Turnover: 2011 EUR
3,800,000.00
Expected turnover: EUR 3,800,000.00
Equipment: EUR 27,000.00
Ac/ts receivable: EUR 102,371.00
Liabilities: EUR 583,786.00
Total numbers of vehicles: 2
-
Lorries:
2
Employees:
18
-
Trainees: 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 [%]: 41.90
Liquidity ratio: 0.24
Return on total capital [%]: 7.14
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 38.95
Liquidity ratio: 0.32
Return
on total capital [%]: 5.61
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 35.47
Liquidity ratio: 0.31
Return on total capital [%]: 6.20
Balance sheet ratios 01.01.2007 - 31.12.2007
Equity
ratio [%]: 32.44
Liquidity ratio: 0.31
Return on total capital [%]: 4.74
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 1,109,003.30
Fixed assets EUR 151,741.00
Intangible assets
EUR 806.00
Other / unspecified intangible assetsEUR 806.00
Tangible assets
EUR 150,935.00
Other / unspecified tangible assets
EUR 150,935.00
Current assets
EUR 943,636.57
Stocks
EUR 769,383.32
Accounts receivable
EUR 102,371.29
Other
debtors and assets EUR 102,371.29
Liquid means
EUR 71,881.96
Remaining other assets
EUR 13,625.73
Accruals (assets)
EUR 13,625.73
LIABILITIES EUR 1,109,003.30
Shareholders' equity
EUR 372,584.31
Capital
EUR 100,000.00
Subscribed capital (share capital)
EUR 100,000.00
Balance sheet profit/loss (+/-)
EUR 272,584.31
Balance sheet profit / loss
EUR 272,584.31
Items between shareholders' equity and
debt capital
EUR 8,000.00
Special items with reserve funds
EUR 8,000.00
Provisions
EUR 144,632.54
Liabilities
EUR 583,786.45
Other liabilities
EUR 583,786.45
Unspecified other liabilities
EUR 583,786.45
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2009 - 31.12.2009
ASSETS EUR 1,038,073.26
Fixed assets
EUR 123,673.00
Intangible assets
EUR 468.00
Other / unspecified intangible assetsEUR 468.00
Tangible assets
EUR 123,205.00
Other / unspecified tangible assets
EUR 123,205.00
Current assets
EUR 907,642.68
Stocks
EUR 634,286.08
Accounts receivable EUR 117,816.03
Other debtors and assets
EUR 117,816.03
Liquid means
EUR 155,540.57
Remaining other assets
EUR 6,757.58
Accruals (assets) EUR 6,757.58
LIABILITIES EUR 1,038,073.26
Shareholders' equity
EUR 293,438.91
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR 268,438.91
Balance sheet profit / loss
EUR 268,438.91
Items between shareholders' equity and
debt capital EUR 36,000.00
Special items with reserve funds
EUR 36,000.00
Provisions
EUR 91,667.44
Liabilities
EUR 616,966.91
Other liabilities
EUR 616,966.91
Unspecified other liabilities
EUR 616,966.91
|
Prepared for : |
Bank of Baroda - Jaipur - IBB |
|
|
|
|
Your Ref. No.: |
Natural Slate & Sandstone Exports Pvt. Ltd. |
|
Report No. : |
189107 |
|
Report Date : |
03.08.2012 |
INQUIRY DETAILS
|
Given Name : |
Naturstein Zentrum Ruhr Gmbh |
|
|
|
|
Given Address : |
Arnoldschacht 7, 44894 Bochum, Germany |
IDENTIFICATION DETAILS
|
Name : |
NZR NATURSTEIN ZENTRUM RUHR GMBH |
|
|
|
|
Registered Office : |
Arnoldschacht
5-7, D 44894 Bochum |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
16.08.2002 |
|
|
|
|
Com. Reg. No.: |
HRB
7495 |
|
|
|
|
Legal Form : |
Private
limited company |
|
|
|
|
Line of Business : |
Wholesale of construction materials
of mineral sustances |
|
|
|
|
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 : |
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 – 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 |
Report
on: NZR Naturstein Zentrum Ruhr
GmbH
Arnoldschacht
5-7
D 44894
Bochum
Telephone:0234/3253699
Telefax: 0234/3253698
Homepage:
www.nzr-bochum.de
E-mail: info@nzr-bochum.de
VAT
no.: DE813513275
Business
relations are permissible.
LEGAL
FORM Private limited company
Date of
foundation: 16.08.2002
Shareholders'
agreement: 16.08.2002
Registered
on: 24.10.2002
Commercial
Register: Local court
44787 Bochum
under: HRB
7495
Share
capital: EUR
100,000.00
Frank
Schewe
Endte 4
D 58091
Hagen
born:
21.10.1972
Share: EUR 50,000.00
Shareholder:
Frank
Dietrich
Rapunzelweg
47
D 58135
Hagen
born:
27.11.1969
Share: EUR 50,000.00
Frank
Schewe
Endte 4
D 58091
Hagen
having
sole power of representation
born:
21.10.1972
Profession:
Businessman
Manager:
Frank
Dietrich
Rapunzelweg
47
D 58135
Hagen
having
sole power of representation
born:
27.11.1969
Profession:
Businessman
Sectors
46734 Wholesale of construction materials of
mineral sustances
Payment
experience: within agreed terms
Negative
information:We have no negative information at hand.
Type of
ownership: Tenant
Address Arnoldschacht 5-7
D 44894 Bochum
Land register
documents were not available.
SPARKASSE
BOCHUM, BOCHUM
SPARKASSE
HAGEN, HAGEN, WESTF
Turnover: 2010 EUR 2,000,000.00
2011 EUR 2,000,000.00
further
business figures:
Equipment: EUR 27,000.00
Ac/ts
receivable:
EUR 102,371.00
Liabilities: EUR 583,786.00
Total
numbers of vehicles:
2
-
Lorries:
2
Employees:
10
-
Trainees:
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 [%]: 41.90
Liquidity
ratio: 0.24
Return on
total capital [%]: 7.14
Balance
sheet grade: 2.3
Balance
sheet ratios 01.01.2009 - 31.12.2009
Equity
ratio [%]: 38.95
Liquidity
ratio: 0.32
Return on
total capital [%]: 5.61
Balance
sheet grade: 2.5
Balance
sheet ratios 01.01.2008 - 31.12.2008
Equity
ratio [%]: 35.47
Liquidity
ratio: 0.31
Return on
total capital [%]: 6.20
Balance
sheet grade: 2.7
Balance
sheet ratios 01.01.2007 - 31.12.2007
Equity ratio
[%]: 32.44
Liquidity
ratio: 0.31
Return on
total capital [%]: 4.74
Balance
sheet grade: 2.7
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 1,109,003.30
Fixed assets EUR 151,741.00
Intangible assets EUR 806.00
Other / unspecified intangible
assetsEUR 806.00
Tangible assets EUR 150,935.00
Other / unspecified tangible assets EUR
150,935.00
Current assets EUR 943,636.57
Stocks EUR 769,383.32
Accounts receivable EUR 102,371.29
Other debtors and assets EUR
102,371.29
Liquid means EUR 71,881.96
Remaining other assets EUR 13,625.73
Accruals (assets) EUR 13,625.73
LIABILITIES EUR 1,109,003.30
Shareholders' equity EUR 372,584.31
Capital EUR 100,000.00
Subscribed capital (share capital) EUR 100,000.00
Balance sheet profit/loss (+/-) EUR 272,584.31
Balance sheet profit / loss EUR 272,584.31
Items between shareholders' equity and
debt capital EUR 8,000.00
Special items with reserve funds EUR 8,000.00
Provisions EUR 144,632.54
Liabilities EUR 583,786.45
Other liabilities EUR 583,786.45
Unspecified other liabilities EUR 583,786.45
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2009 - 31.12.2009
ASSETS EUR 1,038,073.26
Fixed assets EUR 123,673.00
Intangible assets EUR 468.00
Other / unspecified intangible
assetsEUR 468.00
Tangible assets EUR 123,205.00
Other / unspecified tangible assets EUR
123,205.00
Current assets EUR 907,642.68
Stocks EUR 634,286.08
Accounts receivable EUR 117,816.03
Other debtors and assets EUR 117,816.03
Liquid means EUR 155,540.57
Remaining other assets EUR 6,757.58
Accruals (assets) EUR 6,757.58
LIABILITIES EUR 1,038,073.26
Shareholders' equity EUR 293,438.91
Capital EUR 25,000.00
Subscribed capital (share capital) EUR 25,000.00
Balance sheet profit/loss (+/-) EUR 268,438.91
Balance sheet profit / loss EUR 268,438.91
Items between shareholders' equity and
debt capital EUR 36,000.00
Special items with reserve funds EUR 36,000.00
Provisions EUR 91,667.44
Liabilities EUR 616,966.91
Other liabilities EUR 616,966.91
Unspecified other liabilities EUR 616,966.91
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.52 |
|
|
1 |
Rs.88.49 |
|
Euro |
1 |
Rs.70.20 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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.