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Report Date : |
28.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
SOSSNA
GMBH |
|
|
|
|
Registered Office : |
Elbestr. 10 D 45768 Marl |
|
|
|
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Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2012 |
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|
|
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Date of Incorporation : |
03.01.1997 |
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|
|
|
Legal Form : |
Private
limited company |
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|
|
|
Line of Business : |
Manufacture
of metal products |
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|
|
|
No. of Employees : |
07 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
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
SOSSNA GMBH
Company Status: active
Elbestr. 10
D 45768 Marl
Telephone:02365/51750
Telefax: 02365/517520
Homepage: www.sossna.de
E-mail: sossna@sossna.de
VAT no.: DE125078437
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1971
Shareholders'
agreement: 02.07.1991
Registered on: 03.01.1997
Commercial Register: Local court 45879 Gelsenkirchen
under: HRB
5815
Share capital: EUR 125,000.00
Shareholder:
Dieter Sossna
Schumannstr. 46
D 46282 Dorsten
born: 09.05.1941
Share: EUR 93,750.00
Shareholder:
Dipl.-Ing. Susanne
Gicklhorn
Brucknerweg 10
D 46282 Dorsten
born: 02.11.1972
née: Sossna
Share: EUR 18,750.00
Shareholder:
Elmar Döbber
Eichenstr. 33
D 45721 Haltern am See
born: 19.11.1964
Share: EUR 12,500.00
Manager:
Dieter Sossna
Schumannstr. 46
D 46282 Dorsten
born: 09.05.1941
Profession: Mechanical
engineer
Marital status: married
to: Annegret Sossna
born
21.10.1946
Manager:
Dipl.-Ing. Susanne Gicklhorn
Brucknerweg 10
D 46282 Dorsten
having sole power of
representation
born: 02.11.1972
née: Sossna
Profession: Textile engineer
Marital status: married
Proxy:
Annegret Sossna
Schumannstr. 46
D 46282 Dorsten
having sole power of
representation
born: 21.10.1946
Marital status: married
1971 - 1985
THERMOCHEM O. Ing. Hubert W. E. Sperling
D 59872 Meschede
Sole proprietorship
01.04.1985 - 01.11.1988 THERMOCHEM O. Ing. Hubert Sperling
Inhaber Annegret
Sossna
Lünsingskuhle 10
D 46282 Dorsten
Sole proprietorship
01.11.1988 - 26.06.1992 Sossna KG
Lünsingskuhle 10
D 46282 Dorsten
Limited partnership
22.06.1993 - 16.02.1994 Sossna GmbH
Schumannstr. 46
D 46282 Dorsten
Private limited
company
Main industrial sector
25993
Manufacture of metal products n.e.c.
2899
Manufacture of other special-purpose machinery n.e.c.
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
BALANCE SHEET YEAR: 2012
Type of ownership: Tenant
Address Elbestr. 10
D 45768 Marl
Real Estate of: Dieter
Sossna
Type of ownership: part
owner
Share: 50.00 %
Address Schumannstr.
46
D 46282 Dorsten
Type of real estate: detached single-family house
Value at selling price: EUR 307,000.00
Real Estate of: Dieter Sossna
Type of ownership: part owner
Share: 50.00 %
Address Kardenstr. 96
D 45768 Marl
Type of real estate: owner-occupied flat
Real Estate of: Dieter
Sossna
Type of ownership: part owner
Share: 50.00 %
Address Kardenstr.
157
D 45768 Marl
Type of real estate: owner-occupied flat
Real Estate of: Dieter
Sossna
Type of ownership: part
owner
Share: 50.00 %
Address Gracht
46
D 41236 Mönchengladbach
Real Estate of: Dipl.-Ing.
Susanne Gicklhorn
Type of ownership: part
owner
Share: 50.00 %
Address Brucknerweg
10
D 46282 Dorsten
Value at selling price: EUR 250,000.00
Land register documents were not available.
COMMERZBANK VORMALS DRESDNER BANK, DORSTEN
Sort. code: 42680081, BIC: DRESDEFF426
COMMERZBANK, DORSTEN
Sort. code: 36040039, BIC: COBADEFF360
Turnover: 2012 EUR 1,480,000.00
Profit: 2012 EUR 84,410.00
Ac/ts receivable: EUR
181,690.00
Liabilities: EUR 1,302,527.00
Total numbers of vehicles: 2
- Passenger cars: 2
Total value of vehicles: EUR
50,000.00
Employees:
7
- thereof permanent staff: 6
- Part-time employees: 1
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 16.11
Liquidity ratio: 10.00
Return on total capital [%]: 4.52
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 16.43
Liquidity ratio: 10.00
Return on total capital [%]: 9.28
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 12.62
Liquidity ratio: 0.71
Return on total capital [%]: 1.60
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 11.78
Liquidity ratio: 0.39
Return on total capital [%]: 0.71
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: 01.01.2012
- 31.12.2012
ASSETS EUR 1,866,840.41
Fixed assets EUR 103,334.00
Intangible assets EUR
1.00
Other / unspecified intangible assets EUR
1.00
Tangible assets EUR
103,333.00
Other / unspecified tangible assets EUR 103,333.00
Current assets EUR 1,756,943.80
Stocks EUR
40,043.72
Accounts receivable EUR
181,690.47
Other debtors and assets EUR 181,690.47
Liquid means EUR 1,535,209.61
Remaining other assets EUR
6,562.61
Accruals (assets) EUR
6,562.61
LIABILITIES EUR 1,866,840.41
Shareholders' equity EUR 300,701.73
Capital EUR 125,000.00
Subscribed capital (share capital) EUR 125,000.00
Balance sheet profit/loss (+/-) EUR 175,701.73
Profit / loss brought forward
EUR 91,291.94
Annual surplus / annual deficit EUR 84,409.79
Provisions EUR 263,611.74
Liabilities EUR 1,302,526.94
Other liabilities EUR
1,302,526.94
Unspecified other liabilities EUR 1,302,526.94
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2011
- 31.12.2011
ASSETS EUR 1,316,436.58
Fixed assets EUR 85,121.50
Intangible assets EUR
0.50
Other / unspecified intangible assets EUR
0.50
Tangible assets EUR 85,121.00
Other / unspecified tangible assets EUR 85,121.00
Current assets EUR 1,230,148.63
Stocks EUR 80,636.00
Accounts receivable EUR
248,492.29
Other debtors and assets EUR 248,492.29
Liquid means EUR 901,020.34
Remaining other assets EUR
1,166.45
Accruals (assets)
EUR
1,166.45
LIABILITIES EUR 1,316,436.58
Shareholders' equity EUR
216,291.94
Capital EUR 125,000.00
Subscribed capital (share capital)
EUR 125,000.00
Balance sheet profit/loss (+/-) EUR 91,291.94
Profit / loss brought forward EUR -30,868.55
Annual surplus / annual deficit EUR 122,160.49
Provisions EUR
222,233.03
Liabilities EUR 877,911.61
Other liabilities EUR
877,911.61
Unspecified other liabilities EUR 877,911.61
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.06 |
|
|
1 |
Rs.102.03 |
|
Euro |
1 |
Rs.85.27 |
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.