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Report Date : |
23.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
OSTHAUS & BECKERT GMBH |
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|
|
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Registered Office : |
Industriepark
Brundorf 14, D 28790 Schwanewede |
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|
|
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Country : |
Germany |
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|
|
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Financials (as on) : |
31.12.2011 |
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|
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Date of Incorporation : |
19.03.2001 |
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|
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Com. Reg. No.: |
HRB 121148 |
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Legal Form : |
Private Limited Company |
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|
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Line of Business : |
Manufacturer of doors and windows of metal |
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No. of Employees : |
40 |
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 |
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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 – 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 6.5% in 2012. GDP contracted 5.1% in 2009 but grew
by 4.2% in 2010, and 3.0% in 2011, before dipping to 0.7% in 2012 - a
reflection of low investment spending due to crisis-induced uncertainty and the
decreased demand for German exports from recession-stricken periphery
countries. Stimulus and stabilization efforts initiated in 2008 and 2009 and
tax cuts introduced in Chancellor Angela MERKEL's second term increased
Germany's total budget deficit - including federal, state, and municipal - to
4.1% in 2010, but slower spending and higher tax revenues reduced the deficit
to 0.8% in 2011. In 2012 Germany reached a budget surplus of 0.1%. 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 though
the target was already reached in 2012. By 2014, the federal government wants
to balance its budget. 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 electricity generating capacity and 46% of its base-load electricity
production.
|
Source : CIA |
osthaus & beckert GmbH
Industriepark
Brundorf 14
D 28790
Schwanewede
Telephone: 04795/95590
Telefax: 04795/955915
Homepage: www.osthaus-beckert.de
E-mail: info@osthaus-beckert.de
active
DE220032123
36/202/09695
LEGAL FORM Private limited company
Date of foundation: 19.03.2001
Shareholders'
agreement: 19.03.2001
Registered on: 04.12.2001
Commercial Register: Local court
29664 Walsrode
under: HRB 121148
Share capital:
EUR 25,000.00
Christian Osthaus
Weidedamm 2
D 27726 Worpswede
born: 25.03.1961
Share: EUR 12,500.00
Shareholder:
Andreas
Beckert
An der Bahn
32a
D 27777
Ganderkesee
born:
26.01.1968
Share: EUR 12,500.00
Christian Osthaus
Weidedamm 2
D 27726 Worpswede
having sole power
of representation
born: 25.03.1961
Profession:
graduate engineer
Manager:
Andreas
Beckert
An der Bahn 32a
D 27777
Ganderkesee
having sole
power of representation
born:
26.01.1968
Profession:
graduate engineer
Further functions/participations of Andreas
Beckert (Manager)
General partner:
Christian
Osthaus und Andreas Beckert
Industriepark
Brundorf 14
D 28790
Schwanewede
Legal form:
Partnership under the Civil Code
Main industrial sector
2512 Manufacture of doors and
windows of metal
Branch:
osthaus & beckert GmbH
An der Bahn
30
D 27777
Ganderkesee
TEL.: 04795/9559-0
FAX.:
04795/9559-15
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 Industriepark Brundorf 14
D 28790 Schwanewede
Land register documents were not available.
KREISSPARKASSE OSTERHOLZ, OSTERHOLZ-SCHARMBECK
Sort. code: 29152300, BIC: BRLADE21OHZ
VOLKSBANK BOOKHOLZBERG-LEMWERDER, GANDERKESEE
Sort. code: 28062740, BIC: GENODEF1GBH
Turnover: 2011 EUR 5,200,000.00
Profit: 2011 EUR 115,729.00
Ac/ts
receivable:
EUR 808,798.00
Liabilities: EUR 2,120,985.00
Employees:
40
-
Trainees: 4
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 [%]: 31.35
Liquidity
ratio: 0.45
Return
on total capital [%]: 3.69
Balance
sheet ratios 01.01.2010 - 31.12.2010
Equity
ratio [%]: 28.76
Liquidity
ratio: 0.41
Return
on total capital [%]: 6.58
Balance
sheet ratios 01.01.2009 - 31.12.2009
Equity
ratio [%]: 27.93
Liquidity
ratio: 0.38
Return
on total capital [%]: -6.75
Balance
sheet ratios 01.01.2008 - 31.12.2008
Equity
ratio [%]: 34.77
Liquidity
ratio: 0.44
Return
on total capital [%]: 13.15
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 3,148,538.88
Fixed assets EUR 826,792.00
Intangible assets EUR 21,169.00
Other / unspecified intangible
assetsEUR 21,169.00
Tangible assets EUR 805,623.00
Other / unspecified tangible assets EUR
805,623.00
Current assets EUR 2,319,544.88
Stocks EUR 1,317,960.59
Accounts receivable EUR 808,798.41
Other debtors and assets EUR 808,798.41
Liquid means EUR
192,785.88
Remaining other assets EUR 2,202.00
Accruals (assets) EUR 2,202.00
LIABILITIES EUR 3,148,538.88
Shareholders' equity EUR 874,324.19
Capital EUR 25,000.00
Subscribed capital (share capital) EUR 25,000.00
Reserves EUR 564.60
Capital reserves EUR 564.60
Balance sheet profit/loss (+/-) EUR 848,759.59
Profit / loss brought forward EUR 733,030.62
Annual surplus / annual deficit EUR 115,728.97
Provisions
EUR 153,230.19
Liabilities EUR 2,120,984.50
Other liabilities EUR 2,120,984.50
Unspecified other liabilities EUR 2,120,984.50
Type
of balance
sheet: Company balance sheet
Financial
year: 01.01.2010 - 31.12.2010
ASSETS EUR 2,603,406.85
Fixed assets EUR 950,789.00
Intangible assets EUR 27,481.00
Other / unspecified intangible
assetsEUR 27,481.00
Tangible assets EUR 923,308.00
Other / unspecified tangible assets EUR
923,308.00
Current assets EUR 1,649,359.26
Stocks EUR 851,804.23
Accounts receivable EUR 636,152.45
Other debtors and assets EUR 636,152.45
Liquid means EUR 161,402.58
Remaining other assets EUR 3,258.59
Accruals (assets) EUR 3,258.59
LIABILITIES EUR 2,603,406.85
Shareholders' equity EUR 758,595.22
Capital EUR 25,000.00
Reserves EUR 564.60
Capital reserves EUR 564.60
Balance sheet profit/loss (+/-) EUR 733,030.62
Profit / loss brought forward EUR 562,740.97
Annual surplus / annual deficit EUR 170,289.65
Provisions EUR 150,151.89
Liabilities EUR 1,694,659.74
Other liabilities EUR 1,694,659.74
Unspecified other liabilities EUR 1,694,659.74
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.17 |
|
UK Pound |
1 |
Rs.82.45 |
|
Euro |
1 |
Rs.70.70 |
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.