|
Report Date : |
12.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
H. RISSE
NATURSTEINHANDELSGESELLSCHAFT MBH |
|
|
|
|
Registered Office : |
Daimlerstr.
3 D 59609 Anröchte |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
18.11.1978 |
|
|
|
|
Com. Reg. No.: |
HRB 5291 |
|
|
|
|
Legal Form : |
Private
limited company |
|
|
|
|
Line of Business : |
Wholesale of construction materials of mineral sustances |
|
|
|
|
No. of Employees : |
55 |
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 (31.03.2011) |
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
H. Risse Natursteinhandelsgesellschaft mbH
Company Status: active
Daimlerstr. 3
D 59609 Anröchte
Telephone:02947/97990
Telefax:
02947/979945
Homepage: www.naturstein-risse.de
E-mail:
info@naturstein-risse.de
DE125694805
330/5719/1004
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 18.11.1978
Shareholders'
agreement: 18.11.1978
Registered
on: 18.04.1979
Commercial Register: Local court 33098 Paderborn
under: HRB
5291
EUR 25,564.59
Michael Risse
Espenweg 39
D 59609 Anröchte
born: 11.11.1959
Share: EUR 25,564.59
Manager:
Michael Risse
Espenweg 39
D 59609 Anröchte
having sole power of
representation
born: 11.11.1959
Profession: master
craftsman
Property regime:
Statutory matrimonial
property regime
Marital status: married
Proxy:
Peter Mingram
D 59590 Geseke
having sole power of
representation
born: 03.06.1964
Profession: Businessman
FURTHER FUNCTIONS/PARTICIPATIONS OF MICHAEL
RISSE (MANAGER)
Shareholder:
Wilson Naturstein GmbH
Borsigstr. 7
D 59609 Anröchte
Legal form: Private
limited company
Share capital: EUR 50,000.00
Share: EUR 50,000.00
Registered
on: 16.02.2004
Reg. data: 33098 Paderborn, HRB 6328
Manager:
Wilson Naturstein GmbH
Borsigstr. 7
D 59609 Anröchte
Legal form: Private
limited company
Share capital: EUR 50,000.00
Registered
on: 16.02.2004
Reg. data: 33098 Paderborn, HRB 6328
18.04.1979 - 01.02.1984 H. Risse Natursteinhandelsgesellschaft
mbH
D 59555 Lippstadt
Private limited
company
01.02.1984 - 01.03.1999 H. Risse Natursteinhandelsgesellschaft
mbH
Dieselstr. 19
D 59609 Anröchte
Private limited
company
Main industrial sector
46734
Wholesale of construction materials of mineral sustances
47523
Retail sale of paints and building materials
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2011
Type of ownership: proprietor
Share:
100.00 %
Address Dieselstr. 19
D 59609 Anröchte
Value at selling price: EUR 1,500,000.00
Type of ownership: Tenant
Address Daimlerstr. 3
D 59609 Anröchte
Real Estate of: Michael Risse
Type of ownership: proprietor
Share: 100.00 %
Address Espenweg 39
D 59609 Anröchte
Land register documents were not available.
VOLKSBANK ANRÖCHTE, ANRÖCHTE
Sort. code: 41661206, Account no.: 3605070400,
BIC: GENODEM1ANR
VOLKSBANK LIPPSTADT, LIPPSTADT
Sort. code: 41660124, Account no.: 753731000,
BIC: GENODEM1LPS
SPARKASSE ERWITTE-ANRÖCHTE, ERWITTE
Sort. code: 41651815, Account no.: 1030204, BIC:
WELADED1ERW
SPARKASSE LIPPSTADT, LIPPSTADT
Sort. code: 41650001, Account no.: 7476, BIC:
WELADED1LIP
Gross profit or loss:2011 EUR 5,738,297.00
2012 EUR 5,800,000.00
Profit: 2011 EUR 536,340.00
further business figures:
Equipment: EUR 341,480.00
Ac/ts receivable: EUR 3,555,247.00
Liabilities:
EUR 7,948,940.00
Total numbers of vehicles: 19
Employees:
55
-
thereof permanent staff: 44
- Part-time
employees: 11
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 28.02
Liquidity ratio: 0.50
Return on total capital [%]: 5.38
Balance
sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 24.24
Liquidity ratio: 0.55
Return on total capital [%]: 4.45
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 20.16
Liquidity
ratio: 0.45
Return on total capital [%]: 3.53
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 17.89
Liquidity ratio: 0.52
Return on total capital [%]: 1.24
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 10,982,104.47
Fixed assets
EUR 1,283,951.04
Intangible assets
EUR 3,069.00
Concessions, licences, rights
EUR 3,069.00
Tangible assets
EUR 1,280,077.04
Land / similar rights
EUR 842,306.04
Plant / machinery
EUR 96,291.00
Other tangible assets / fixtures and
fittings
EUR 341,480.00
Financial assets
EUR 805.00
Shares in participations /
subsidiaries and the like
EUR 805.00
Shares in cooperatives EUR 805.00
Current assets
EUR 9,650,295.50
Stocks
EUR 6,095,027.00
Finished goods / work in progress
EUR 6,095,027.00
Accounts receivable
EUR 3,555,247.10
Trade debtors
EUR 3,384,733.90
Other debtors and assets
EUR 170,513.20
Liquid means
EUR 21.40
Remaining other assets
EUR 47,857.93
Accruals (assets)
EUR 47,857.93
LIABILITIES EUR 10,982,104.47
Shareholders' equity EUR 2,269,254.17
Capital
EUR 25,564.59
Subscribed capital (share capital)
EUR 25,564.59
Balance sheet profit/loss (+/-)
EUR 2,243,689.58
Profit
/ loss brought forward EUR 1,707,349.50
Annual surplus / annual deficit
EUR 536,340.08
Provisions
EUR 753,610.00
Pension provisions and comparable
provisions EUR 443,817.00
Other / unspecified provisions
EUR 309,793.00
Liabilities
EUR 7,948,940.30
Financial debts
EUR 4,276,506.68
Liabilities due to banks
EUR 4,276,506.68
Other liabilities
EUR 3,672,433.62
Trade creditors (for IAS incl. bills
of exchange)
EUR 2,211,239.98
Liabilities due to shareholders
EUR 807,445.79
Unspecified other liabilities
EUR 653,747.85
Other liabilities
EUR 10,300.00
Deferred taxes (not included under
provisions/liabilities)
EUR 10,300.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 5,738,296.66
Staff expenses
EUR 2,190,589.04
Wages and salaries
EUR 1,960,650.07
Social security contributions and
expenses for pension plans and
benefits
EUR 229,938.97
Total depreciation
EUR 171,545.64
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 171,545.64
Other operating expenses
EUR 2,325,322.02
Operating result from continuing
operations EUR 1,050,839.96
Result from participating interests
(+/-)
EUR 38.53
Expenses / income from participations EUR 38.53
Income from related companies
EUR 38.53
Interest result (+/-)
EUR -207,028.35
Interest and similar income
EUR 67,707.22
Interest and similar expenses
EUR 274,735.57
Financial result (+/-)
EUR -206,989.82
Result from ordinary operations (+/-)
EUR 843,850.14
Extraordinary expenses
EUR 54,006.00
Extraordinary result (+/-)
EUR -54,006.00
Income tax / refund of income tax (+/-)EUR -226,845.99
Other taxes / refund of taxes
EUR -26,658.07
Tax
(+/-)
EUR -253,504.06
Annual surplus / annual deficit
EUR 536,340.08
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 9,579,697.56
Fixed assets
EUR 1,188,254.04
Intangible assets
EUR 4,918.00
Concessions, licences, rights
EUR 4,918.00
Tangible assets
EUR 1,182,531.04
Land / similar rights
EUR 836,402.04
Plant / machinery
EUR 43,385.00
Other tangible assets / fixtures and
fittings
EUR 284,744.00
Advance payments made / construction
in progress EUR 18,000.00
Financial assets
EUR 805.00
Shares in participations /
subsidiaries and the like
EUR 805.00
Shares in cooperatives
EUR 805.00
Current assets
EUR 8,348,801.91
Stocks
EUR 4,819,536.00
Finished goods / work in progress
EUR 4,819,536.00
Accounts receivable EUR 3,482,840.97
Trade debtors
EUR 3,415,440.36
Other debtors and assets
EUR 67,400.61
Liquid means
EUR 46,424.94
Remaining other assets
EUR 42,641.61
Accruals (assets)
EUR 42,641.61
LIABILITIES EUR 9,579,697.56
Shareholders' equity
EUR 1,732,914.09
Capital
EUR 25,564.59
Subscribed capital (share capital)
EUR 25,564.59
Balance sheet profit/loss (+/-)
EUR 1,707,349.50
Profit / loss brought forward
EUR 1,294,759.86
Annual surplus / annual deficit
EUR 412,589.64
Provisions
EUR 847,584.00
Pension provisions and comparable
provisions
EUR 504,512.00
Provisions
for taxes EUR 72,386.00
Other / unspecified provisions
EUR 270,686.00
Liabilities
EUR 6,999,199.47
Financial debts
EUR 4,381,900.62
Liabilities due to banks
EUR 4,381,900.62
Other liabilities
EUR 2,617,298.85
Trade creditors (for IAS incl. bills
of exchange)
EUR 1,470,414.16
Liabilities
due to shareholders EUR 591,213.30
Unspecified other liabilities
EUR 555,671.39
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 4,881,443.02
Staff expenses
EUR 2,030,006.48
Wages and salaries
EUR 1,655,704.24
Social security contributions and
expenses for pension plans and
benefits EUR 374,302.24
Total depreciation
EUR 155,782.58
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 155,782.58
Other operating expenses
EUR 1,727,845.63
Operating result from continuing
operations
EUR 967,808.33
Result from participating interests
(+/-)
EUR 38.53
Expenses / income from participations EUR 38.53
Income from related companies
EUR 38.53
Interest result (+/-)
EUR -267,769.22
Interest and similar income
EUR 9,378.05
Interest and similar expenses
EUR 277,147.27
Financial result (+/-)
EUR -267,730.69
Result from ordinary operations (+/-)
EUR 700,077.64
Extraordinary expenses EUR 13,501.00
Extraordinary result (+/-)
EUR -13,501.00
Income tax / refund of income tax (+/-)EUR -235,565.30
Other taxes / refund of taxes
EUR -38,421.70
Tax
(+/-) EUR -273,987.00
Annual surplus / annual deficit
EUR 412,589.64
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.53 |
|
|
1 |
Rs.83.59 |
|
Euro |
1 |
Rs.71.33 |
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.