|
Report Date : |
16.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
MECKLENBURGER METALLGUß GMBH |
|
|
|
|
Registered Office : |
Teterower Str. 1, D 17192 Waren |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2009 |
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|
|
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Date of Incorporation : |
28.11.1991 |
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|
|
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Com. Reg. No.: |
HRB 1617 |
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Legal Form : |
Private limited company |
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Line of Business : |
Casting of non-ferrous metals |
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|
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No. of Employees : |
HRB 1617 |
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 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 |
Mecklenburger Metallguß GmbH
Teterower Str. 1
D 17192 Waren
Telephone: 03991/736-0
Telefax: 03991/736-210
Homepage: www.mmgprop.de
E-mail: sales@mmgprop.de
DE811149899
075/114/02209
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 28.11.1991
Shareholders'
agreement: 28.11.1991
Registered on: 03.03.1992
Commercial Register: Local
court 17033 Neubrandenburg
under: HRB 1617
Share capital: EUR 3,580,000.00
Walzengießerei Coswig GmbH
Grenzstr. 1
D 01640 Coswig
Legal form: Private limited company
Share capital: EUR 2,812,500.00
Share: EUR 3,222,000.00
Registered on: 19.07.1990
Reg. data: 01099 Dresden, HRB 312
Profit transfer agreement
Shareholder:
Manfred Urban
Einsteinstr. 2
D 17192 Waren
born: 30.06.1954
Share: EUR 179,000.00
Shareholder:
DIHAG Liegenschaften GmbH & Co. KG
Altendorfer Str. 44
D 45127 Essen
Legal form: Ltd partnership with priv. ltd.
company as general partner
Total cap. EUR 20,000.00
contribution:
Share: EUR 179,000.00
Registered on: 10.07.2006
Reg. data: 45130 Essen, HRA 8710
Manfred Urban
Einsteinstr. 2
D 17192 Waren
authorized to jointly represent the company
born: 30.06.1954
Profession: graduate engineer
Uwe Hemmann
D 19073 Klein Rogahn
authorized to jointly represent the company
born: 10.09.1970
Proxy:
Elke Mache
D 17192 Waren
authorized to jointly represent the company
born: 07.05.1974
03.03.1992 - 13.06.2012
Mecklenburger Metallguß GmbH
Teterower Str. 43-51
D 17192 Waren
Private limited company
RESIGNED ACTING PERSONS AND SHAREHOLDERS
09.12.2010 - 13.06.2012
Manager
Jürgen Eberlein
D 17192 Waren
Sectors
24510 Casting of iron
24540 Casting of
non-ferrous metals
Shareholder:
Hamburgische Schiffbau-Versuchsanstalt
Gesellschaft mit beschränkter Haftung
Bramfelder Str. 164
D 22305 Hamburg
Legal form: Private limited company
Company Status: active
Share capital: EUR 734,500.00
Share: EUR 11,000.00
Reg. data: 24.06.1913
Local court 20355 Hamburg
HRB 2163
Payment experience: in top
condition
Negative information:We have no negative information at hand.
Type of ownership: Tenant
Address
Teterower Str. 1
D 17192 Waren
Land register documents were not available.
Principal bank
RAIFFEISENBANK MECKLENBURGER SEENPLATTE, WAREN (MÜRITZ)
Sort. code: 15061618, Account no.: 190144, BIC: GENODEF1WRN
Further bank
COMMERZBANK, NEUBRANDENBURG, MECKL
Sort. code: 15040068, Account no.: 685002800, BIC: COBADEFF151
Turnover:
2011 EUR 81,000,000.00
Equipment: EUR 3,369,598.00
Ac/ts receivable: EUR 6,533,044.00
Liabilities: EUR 22,468,210.00
Employees: 222
- Trainees:
7
Profit transfer agreement to:
Walzengießerei Coswig GmbH
Grenzstr. 1
D 01640 Coswig
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]:
54.96
Liquidity ratio:
0.38
Return on total capital [%]:
16.48
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]:
44.92
Liquidity ratio:
0.47
Return on total capital [%]:
19.06
Balance sheet ratios 01.01.2007 - 31.12.2007
Equity ratio [%]:
31.28
Liquidity ratio:
0.34
Return on total capital [%]:
7.41
Balance sheet grade:
2.6
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: 01.01.2009 - 31.12.2009
ASSETS
EUR 55,321,458.57
Fixed assets EUR 30,082,039.74
Intangible assets EUR 234,307.78
Concessions, licences, rights EUR 234,307.78
Tangible assets EUR 29,834,231.96
Land / similar rights EUR 13,078,362.43
Plant / machinery EUR 7,679,220.00
Other tangible assets / fixtures and
fittings EUR 3,369,598.00
Advance payments made / construction
in progress EUR 5,707,051.53
Financial assets EUR 13,500.00
Shares in participations /
subsidiaries and the like EUR 13,500.00
Shares in cooperatives EUR 2,500.00
Shares in investee companies EUR 11,000.00
Current assets EUR 25,238,046.08
Stocks EUR
14,857,141.35
Raw materials, consumables and
supplies EUR 6,142,035.45
Finished goods / work in progress EUR
8,715,105.90
Accounts receivable EUR 6,533,044.42
Trade debtors EUR 4,803,242.53
Amounts due from related companies EUR 194,074.51
Other debtors and assets EUR 1,535,727.38
Liquid means EUR 3,847,860.31
Remaining other assets EUR 1,372.75
Accruals (assets) EUR 1,372.75
LIABILITIES EUR 55,321,458.57
Shareholders' equity EUR 29,236,067.91
Capital EUR 3,580,000.00
Subscribed capital (share capital) EUR
3,580,000.00
Reserves EUR 17,470,000.00
Capital reserves EUR 9,470,000.00
Retained earnings / revenue reserves
EUR 8,000,000.00
Balance sheet profit/loss (+/-) EUR 8,186,067.91
Balance sheet profit / loss EUR 8,186,067.91
Provisions EUR 3,617,180.00
Pension provisions and comparable
provisions EUR 260,380.00
Provisions for taxes EUR 141,300.00
Other / unspecified provisions EUR 3,215,500.00
Liabilities EUR 22,468,210.66
Financial debts EUR 15,617,664.59
Liabilities due to banks EUR 15,617,664.59
Other liabilities EUR 6,850,546.07
Trade creditors (for IAS incl. bills
of exchange) EUR 1,512,544.56
Liabilities from received advance
payments EUR 536,860.20
Liabilities due to shareholders EUR 1,219,843.68
Unspecified other liabilities EUR 3,581,297.63
thereof liabilities from tax /
financial authorities EUR 72,949.87
thereof liabilities from social
security EUR 0.00
PROFIT AND LOSS ACCOUNT (cost-summary
method) according to Comm.
Code (HGB)
Sales EUR 83,227,078.34
Inventory change + own costs (+/-) EUR
-7,434,982.00
Inventory change (+/-) EUR -7,434,982.00
Other operating income EUR 1,290,067.01
Cost of materials EUR 42,445,377.23
Raw materials and supplies, purchased
goods EUR 42,416,327.23
Purchased services EUR 29,050.00
Gross result (+/-) EUR 34,636,786.12
Staff expenses EUR 9,740,809.26
Wages and salaries EUR 8,029,913.72
Social security contributions and
expenses for pension plans and
benefits EUR 1,710,895.54
Total depreciation EUR 3,313,260.41
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 3,313,260.41
Other operating expenses EUR 10,985,698.18
Operating result from continuing
operations EUR 10,597,018.27
Interest result (+/-) EUR -1,034,846.91
Interest and similar income EUR 24,866.51
Interest and similar expenses EUR 1,059,713.42
Other financial result EUR 150.00
Income from securities and loans from
financial assets EUR 150.00
Financial result (+/-) EUR -1,034,696.91
Result from ordinary operations (+/-) EUR
9,562,321.36
Other extraordinary income EUR -379,480.00
thereof compensation payments to
minorities EUR -379,480.00
Expenses for transfer of profits to a
parent company EUR 5,096,931.55
Income tax / refund of income tax
(+/-)EUR -60,934.51
Other taxes / refund of taxes EUR -24,975.30
Tax (+/-) EUR -85,909.81
Annual surplus / annual deficit EUR 4,000,000.00
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2008 - 31.12.2008
ASSETS EUR 62,660,182.19
Fixed assets EUR 26,274,352.01
Intangible assets EUR 83,018.00
Concessions, licences, rights EUR 83,018.00
Tangible assets EUR 26,177,834.01
Land / similar rights EUR 12,569,740.70
Plant / machinery EUR 8,726,804.00
Other tangible assets / fixtures and
fittings EUR 3,481,242.44
Advance payments made / construction
in progress EUR 1,400,046.87
Financial assets EUR 13,500.00
Shares in participations /
subsidiaries and the like EUR 13,500.00
Shares in cooperatives EUR 2,500.00
Shares in investee companies EUR 11,000.00
Current assets EUR 36,383,559.64
Stocks EUR 21,233,645.17
Raw materials, consumables and
supplies EUR 5,054,548.17
Finished goods / work in progress EUR
16,179,097.00
Accounts receivable EUR 12,433,031.07
Trade debtors EUR 10,780,580.00
Other debtors and assets EUR 1,652,451.07
Liquid means EUR 2,716,883.40
Remaining other assets EUR 2,270.54
Accruals (assets) EUR 2,270.54
LIABILITIES EUR 62,660,182.19
Shareholders' equity EUR 20,236,067.91
Capital EUR 3,580,000.00
Subscribed capital (share capital) EUR
3,580,000.00
Reserves EUR 8,470,000.00
Capital reserves EUR 4,470,000.00
Retained earnings / revenue reserves
EUR 4,000,000.00
Balance sheet profit/loss (+/-) EUR 8,186,067.91
Balance sheet profit / loss EUR 8,186,067.91
Provisions EUR 5,350,133.00
Pension provisions and comparable
provisions EUR 241,183.00
Provisions for taxes EUR 896,050.00
Other / unspecified provisions EUR 4,212,900.00
Liabilities EUR 37,073,981.28
Financial debts EUR 18,702,588.63
Liabilities due to banks EUR 18,702,588.63
Other liabilities EUR 18,371,392.65
Trade creditors (for IAS incl. bills
of exchange) EUR 4,074,092.41
Liabilities from received advance
payments EUR 352,842.00
Liabilities due to shareholders EUR 7,932,085.19
Liabililties due to related companiesEUR 542,584.62
Unspecified other liabilities EUR 5,469,788.43
thereof liabilities from tax /
financial authorities EUR 120,656.64
thereof liabilities from social
security EUR 12,198.86
PROFIT AND LOSS ACCOUNT (cost-summary
method) according to Comm.
Code (HGB)
Sales EUR 99,796,897.23
Inventory change + own costs (+/-) EUR 4,561,801.00
Inventory change (+/-) EUR 4,561,801.00
Other operating income EUR 1,277,249.50
Cost of materials EUR 64,637,276.00
Raw materials and supplies, purchased
goods EUR 64,584,427.17
Purchased services EUR 52,848.83
Gross result (+/-) EUR 40,998,671.73
Staff expenses EUR 10,439,436.28
Wages and salaries EUR 8,750,930.12
Social security contributions and
expenses for pension plans and
benefits EUR 1,688,506.16
Total depreciation EUR 3,014,651.80
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 3,014,651.80
Other operating expenses EUR 14,123,990.28
Operating result from continuing
operations EUR 13,420,593.37
Interest result (+/-) EUR -1,391,837.71
Interest and similar income EUR 23,783.13
Interest and similar expenses EUR 1,415,620.84
Other financial result EUR 150.00
Income from securities and loans from
financial assets EUR 150.00
Financial result (+/-) EUR -1,391,687.71
Result from ordinary operations (+/-) EUR
12,028,905.66
Extraordinary expenses EUR 379,480.00
Extraordinary result (+/-) EUR -379,480.00
Expenses for transfer of profits to a
parent company EUR 7,552,605.19
Income tax / refund of income tax (+/-)EUR -70,941.58
Other taxes / refund of taxes EUR -25,878.89
Tax (+/-) EUR -96,820.47
Annual
surplus / annual deficit EUR 4,000,000.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.98 |
|
|
1 |
Rs.83.72 |
|
Euro |
1 |
Rs.72.08 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.