|
Report Date : |
05.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
VENUS EDELSTAHL GMBH |
|
|
|
|
Registered Office : |
Wiedenhofstr. 12, D 58119 Hagen |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
09.01.2006 |
|
|
|
|
Com. Reg. No.: |
HRB 7343 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Wholesaler
of iron ores, iron, steel and iron and steel semi-finished goods |
|
|
|
|
No. of Employees : |
03 |
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 : |
Usually Correct |
|
|
|
|
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 |
Venus Edelstahl GmbH
Wiedenhofstr. 12
D 58119 Hagen
Telephone: 02334/502661
Telefax:
02334/502663
Homepage: www.venus-edelstahl.de
E-mail:
info@venus-edelstahl.de
active
DE248292821
321/5755/0897
Business relations are permissible.
LEGAL
FORM Private limited company
Date of foundation: 09.01.2006
Shareholders'
agreement: 09.01.2006
Registered on: 28.03.2006
Commercial Register: Local court 58097 Hagen
under: HRB 7343
Share capital: EUR 25,000.00
VENUS WIRE INDUSTRIES PRIVATE LIMITED
IND
Bombay
Legal form: Other legal form
Share: EUR 25,000.00
Hitesh Babulal Bohra
IND
Bombay
having sole power of representation
born: 01.05.1975
Nationality: Indian
Manager:
Ghevarchand Raghunath
Sanghvi
IND Bombay
having sole power of
representation
born: 01.08.1964
Nationality: Indian
Manager:
Jürgen Schilken
D 58119 Hagen
having sole power of
representation
born: 15.09.1960
Main industrial sector
·
46721 Wholesale
of iron ores, iron, steel and iron and steel semi-finished goods
Payment experience: within agreed terms
Negative information We have no negative information at hand.
Balance sheet year: 2011
Type of ownership: Tenant
Address Wiedenhofstr.
12
D 58119 Hagen
Land register documents were not
available.
SPARKASSE HAGEN, HAGEN, WESTF
Sort. code: 45050001, BIC: WELADE3HXXX
Turnover:
2012 EUR 900,000.00
Profit: 2011 EUR 74,202.00
further business figures:
Equipment: EUR 21,000.00
Ac/ts receivable: EUR 935,627.00
Liabilities: EUR 2,371,284.00
Employees:
3
The aforementioned business figures may
partly be estimated information based on average values in the line of
business.
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 20.29
Liquidity ratio: 0.57
Return on total capital [%]: 3.39
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 11.47
Liquidity ratio: 0.47
Return on total capital [%]: 5.62
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 11.56
Liquidity ratio: 0.57
Return on total capital [%]: -28.26
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 0.89
Liquidity ratio: 0.28
Return on total capital [%]: -2.27
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 2,376,284.44
Fixed assets
EUR 8,622.00
Intangible assets
EUR 2,464.00
Other / unspecified intangible assetsEUR 2,464.00
Tangible assets EUR 6,158.00
Other / unspecified tangible assets
EUR 6,158.00
Current assets
EUR 2,182,541.22
Stocks
EUR 1,139,143.82
Accounts receivable
EUR 935,627.18
Other debtors and assets
EUR 935,627.18
Liquid means
EUR 107,770.22
Remaining other assets
EUR 185,121.22
Accruals
(assets) EUR 823.34
Deficit not covered by shareholders'
equity
EUR 184,297.88
LIABILITIES EUR 2,376,284.44
Shareholders' equity
EUR 0.00
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR -209,297.88
Profit / loss brought forward
EUR -283,499.62
Annual surplus / annual deficit
EUR 74,201.74
Other shareholders' equity (+/-)
EUR 184,297.88
Deficit not covered by shareholders'
equity EUR 184,297.88
Provisions
EUR 5,000.00
Liabilities
EUR 2,371,284.44
Other liabilities
EUR 2,371,284.44
Unspecified
other liabilities EUR 2,371,284.44
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 3,428,629.28
Fixed assets EUR 21,661.00
Intangible assets
EUR 3,942.00
Other / unspecified intangible assetsEUR 3,942.00
Tangible assets
EUR 17,719.00
Other
/ unspecified tangible assets EUR 17,719.00
Current assets
EUR 3,146,139.24
Stocks
EUR 1,791,148.94
Accounts receivable
EUR 1,266,081.76
Other debtors and assets
EUR 1,266,081.76
Liquid means
EUR 88,908.54
Remaining other assets
EUR 260,829.04
Accruals (assets)
EUR 2,329.42
Deficit not covered by shareholders'
equity
EUR 258,499.62
LIABILITIES EUR 3,428,629.28
Shareholders' equity
EUR 0.00
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR -283,499.62
Profit / loss brought forward
EUR -461,482.77
Annual surplus / annual deficit
EUR 177,983.15
Other shareholders' equity (+/-)
EUR 258,499.62
Deficit not covered by shareholders'
equity
EUR 258,499.62
Provisions
EUR 5,000.00
Liabilities
EUR 3,423,629.28
Other liabilities
EUR 3,423,629.28
Unspecified other liabilities
EUR 3,423,629.28
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.65 |
|
UK Pound |
1 |
Rs.82.41 |
|
Euro |
1 |
Rs.70.08 |
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.