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Report Date : |
18.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
AGST DRAHT & BIEGETECHNIK GMBH |
|
|
|
|
Registered Office : |
Overather Str. 118 D 51766 Engelskirchen |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2011 |
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|
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Date of Incorporation : |
28.09.1993 |
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|
|
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Legal Form : |
Private limited company |
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|
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Line of Business : |
Wholesale of iron ores, iron, steel
and iron and steel semi-finished
goods |
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|
|
No. of Employees : |
20 |
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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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
AGST DRAHT & BIEGETECHNIK GMBH
Company Status: active
Overather Str. 118
D 51766 Engelskirchen
Telephone:02263/924012
Telefax: 02263/924022
Homepage: www.agst.de
E-mail: agst@agst.de
VAT no.: DE811531580
Business relations are
permissible.
LEGAL FORM Private
limited company
Date of foundation: 12.08.1993
Shareholders'
agreement: 12.08.1993
Registered on: 28.09.1993
Commercial Register: Local court 50939 Köln
under: HRB
39079
Share capital: EUR 255,700.00
Shareholder:
Bernd
Hölzer
Broich
7
D
51766 Engelskirchen
born:
01.10.1946
Share: EUR 194,332.00
Shareholder:
Michael Hölzer
Broicher Weg 32
D
51766 Engelskirchen
born:
06.05.1974
Share: EUR 30,684.00
Shareholder:
Stephanie Hölzer-Smeets
Broicher Weg 38
D
51766 Engelskirchen
born:
27.05.1971
née:
Hölzer
Share: EUR 30,684.00
Manager:
Bernd
Hölzer
Broich
7
D
51766 Engelskirchen
having
sole power of representation
born:
01.10.1946
Profession: Businessman
Marital status: married
Manager:
Michael Hölzer
Broicher Weg 32
D
51766 Engelskirchen
having
sole power of representation
born:
06.05.1974
Further
functions/participations of Bernd Hölzer (Manager)
Limited partner:
HBT
Hölzer Beteiligungen GmbH & Co. KG
Overather Str. 118
D
51766 Engelskirchen
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 1,000.00
contribution:
Share: EUR 591.00
Registered
on: 26.06.2007
Reg.
data: 50939 Köln, HRA 25066
Shareholder:
Hölzer
Verwaltungs GmbH
Overather Str. 118
D
51766 Engelskirchen
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Share: EUR 1,250.00
Registered
on: 30.04.2007
Reg.
data: 50939 Köln, HRB 60270
Manager:
Hölzer
Verwaltungs GmbH
Overather
Str. 118
D
51766 Engelskirchen
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 30.04.2007
Reg.
data: 50939 Köln, HRB 60270
Further
functions/participations of Michael Hölzer (Manager)
Shareholder:
Hölzer
Verwaltungs GmbH
Overather Str. 118
D 51766
Engelskirchen
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Share: EUR 11,250.00
Registered
on: 30.04.2007
Reg.
data: 50939 Köln, HRB 60270
12.08.1993 -
10.03.1995 AGST-Stahlhandel GmbH
Broich 7
D
51766 Engelskirchen
Private limited company
10.03.1995 -
09.01.2004 AGST Stahlhandelsgesellschaft
mit
beschränkter Haftung
Overather Str. 118
D
51766 Engelskirchen
Private limited company
Main industrial sector
46692 Wholesale of other machinery
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: proprietor
Share: 100.00 %
Address Overather
Str. 118
D 51766 Engelskirchen
Real Estate of: Bernd Hölzer
Type of ownership: part owner
Share: 50.00 %
Address Broich
7
D 51766 Engelskirchen
Real Estate of: Bernd
Hölzer
Type of ownership: part
owner
Share: 50.00 %
Address Broich
15a
D 51766 Engelskirchen
Type of real estate: multiple dwelling home
Real Estate of: Bernd
Hölzer
Type of ownership: part
owner
Share: 50.00 %
Address Broich 15
D 51766 Engelskirchen
Type of real estate:
multiple dwelling home
Land register documents
were not available.
Principal bank
VOLKSBANK OBERBERG,
GUMMERSBACH
Sort. code: 38462135, BIC:
GENODED1WIL
Further bank
DEUTSCHE BANK,
ENGELSKIRCHEN
Sort. code: 38470091, BIC:
DEUTDEDW384
Turnover: 2011 EUR 10,295,000.00
2012 EUR
9,800,000.00
Expected turnover: EUR 9,800,000.00
further business figures:
Equipment: EUR
1,514,354.00
Ac/ts receivable: EUR 1,161,997.00
Liabilities: EUR
2,811,836.00
Real estate of the
firm: EUR 1,655,712.00
Employees:
20
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 25.43
Liquidity ratio: 0.47
Return on total capital
[%]: 0.05
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 27.44
Liquidity ratio: 0.44
Return on total capital
[%]: 12.03
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 18.78
Liquidity ratio: 0.29
Return on total capital
[%]: 1.24
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 14.38
Liquidity ratio: 0.42
Return on total capital
[%]: -18.37
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
3,923,184.87
Fixed assets EUR 1,548,845.75
Intangible assets EUR
1,627.00
Other / unspecified intangible assets EUR
1,627.00
Tangible assets
EUR
1,514,354.60
Other / unspecified tangible assets EUR 1,514,354.60
Financial assets EUR
32,864.15
Other / unspecified financial assets EUR
32,864.15
Current assets
EUR
2,365,025.27
Stocks EUR 878,162.00
Accounts receivable EUR
1,161,997.00
Other debtors and assets EUR 1,161,997.00
Liquid means EUR 324,866.27
Remaining other assets EUR
9,313.85
Accruals (assets) EUR
9,313.85
LIABILITIES EUR 3,923,184.87
Shareholders' equity EUR 998,138.65
Capital EUR 255,700.00
Subscribed capital (share capital) EUR 255,700.00
Balance sheet profit/loss (+/-) EUR 742,438.65
Profit / loss brought forward
EUR 742,438.65
Provisions EUR 113,210.32
Liabilities EUR 2,811,835.90
Other liabilities EUR
2,811,835.90
Unspecified other liabilities EUR 2,811,835.90
Type of balance
sheet: Company balance
sheet
Financial
year: 01.01.2010
- 31.12.2010
ASSETS EUR 3,628,690.21
Fixed assets EUR 1,574,986.25
Intangible assets EUR
1,049.00
Other / unspecified intangible assets EUR
1,049.00
Tangible assets EUR
1,541,073.10
Other / unspecified tangible assets EUR 1,541,073.10
Financial assets EUR
32,864.15
Other / unspecified financial assets EUR
32,864.15
Current assets EUR 2,034,595.45
Stocks EUR 885,327.00
Accounts receivable EUR
926,558.89
Other debtors and assets
EUR 926,558.89
Investments in current assets EUR 8,470.00
Liquid means EUR 214,239.56
Remaining other assets EUR
19,108.51
Accruals (assets) EUR
19,108.51
LIABILITIES EUR 3,628,690.21
Shareholders' equity EUR
996,096.50
Capital EUR 255,700.00
Subscribed capital (share capital) EUR 255,700.00
Balance sheet profit/loss (+/-) EUR 740,396.50
Profit / loss brought forward
EUR 740,396.50
Provisions EUR 323,332.97
Liabilities EUR 2,309,260.74
Other liabilities
EUR
2,309,260.74
Unspecified
other liabilities EUR 2,309,260.74
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.96 |
|
|
1 |
Rs.101.14 |
|
Euro |
1 |
Rs.85.33 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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.