|
Report Date : |
14.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
MAGNA WESTFALIA GMBH |
|
|
|
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Registered Office : |
Am Mittelfeld 1 D 39326 Loitsche-Heinrichsberg |
|
|
|
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Country : |
Germany |
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|
|
|
Financials (as on) : |
31.12.2010 |
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|
|
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Date of Incorporation : |
20.12.2000 |
|
|
|
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Com. Reg. No.: |
HRB 112681 |
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|
|
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Legal Form : |
Private Limited Company |
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|
|
|
Line of Business : |
Wholesale of construction materials of mineral sustances |
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|
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No. of Employees : |
22 |
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 |
|
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
Magna Westfalia GmbH,
Industriestr. 14, D 32602 Vlotho
The subject of your inquiry is a branch. We are reporting on the headquarters.
Magna Westfalia GmbH
Company Status: active
Am Mittelfeld
1
D 39326 Loitsche-Heinrichsberg
Telephone:039208/27110
Telefax: 039208/23407
E-mail: jochen.thumm@magnastein.com
DE813131686
The company is considered solvent for credits within its scope of business.
LEGAL FORM Private limited company
Date of foundation: 20.12.2000
Begin of business
activities: 01.01.2001
Shareholders'
agreement: 20.12.2000
Registered on: 09.05.2001
Commercial Register: Local
court 39576 Stendal
under: HRB 112681
EUR 325,000.00
MAGNA-Naturstein GmbH
Am Mittelfeld
1
D 39326
Loitsche-Heinrichsberg
Legal form:
Private limited company
Share
capital: EUR 1,278,229.71
Share: EUR 275,000.00
Registered on: 16.09.1993
Reg. data:
39576 Stendal, HRB 105956
Shareholder:
Rolf Jockheck
Wittenstr. 23
D 32602
Vlotho
Share: EUR 25,000.00
Shareholder:
Franz-Hermann
Renkert
Brookstr. 83
D 48607
Ochtrup
born:
04.05.1944
Share: EUR 25,000.00
Manager:
Jochen Karl
Thumm
Zur Breiten
Wiese 12
D 39326
Colbitz
having sole
power of representation
born:
20.04.1967
Profession:
graduate engineer
Marital
status: married
FURTHER
FUNCTIONS/PARTICIPATIONS OF JOCHEN KARL THUMM (MANAGER)
Shareholder:
MAGNA-Naturstein GmbH
Am Mittelfeld
1
D 39326
Loitsche-Heinrichsberg
Legal form:
Private limited company
Share
capital: EUR 1,278,229.71
Share: EUR 189,178.00
Registered
on: 16.09.1993
Reg.
data: 39576 Stendal, HRB 105956
Shareholder:
seltra
Natursteinhandel GmbH
In der Au 14
D 72622
Nürtingen
Legal form:
Private limited company
Share
capital: EUR 310,000.00
Share: EUR 38,750.00
Registered
on: 06.02.2004
Reg. data:
70190 Stuttgart, HRB 220170
Shareholder:
Medialysis
GmbH
Am Mittelfeld
1
D 39326
Loitsche-Heinrichsberg
Legal form:
Private limited company
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 29.06.2004
Reg.
data: 39576 Stendal, HRB 114377
Shareholder:
Indupart
Glassceramics International GmbH
Straße der
Einheit 18
D 06179
Teutschenthal
Legal form:
Private limited company
Share
capital: EUR 25,000.00
Share: EUR 6,250.00
Registered
on: 23.05.2008
Reg.
data: 39576 Stendal, HRB 7634
Shareholder:
Thumm
Technologie GmbH
In der Au 14
D 72622
Nürtingen
Legal form:
Private limited company
Share
capital: EUR 26,000.00
Share: EUR 3,250.00
Registered
on: 19.01.2004
Reg.
data: 70190 Stuttgart, HRB 225753
Manager:
MAGNA-Naturstein GmbH
Am Mittelfeld
1
D 39326
Loitsche-Heinrichsberg
Legal form:
Private limited company
Share
capital: EUR 1,278,229.71
Registered
on: 16.09.1993
Reg. data: 39576 Stendal, HRB 105956
Manager:
Indupart
Glassceramics International GmbH
Straße der
Einheit 18
D 06179
Teutschenthal
Legal form:
Private limited company
Share
capital: EUR 25,000.00
Registered
on: 23.05.2008
Reg.
data: 39576 Stendal, HRB 7634
Manager:
Medialysis
GmbH
Am Mittelfeld
1
D 39326
Loitsche-Heinrichsberg
Legal form:
Private limited company
Share
capital: EUR 25,000.00
Registered
on: 29.06.2004
Reg.
data: 39576 Stendal, HRB 114377
Manager:
Thumm
Beteiligungs-GmbH
In der Au 14
D 72622
Nürtingen
Legal form:
Private limited company
Share
capital: EUR 25,000.00
Registered
on: 30.07.2007
Reg.
data: 70190 Stuttgart, HRB 723585
Sectors
46734 Wholesale of construction
materials of mineral sustances
Branch:
Magna
Westfalia GmbH
Industriestr.
14
D 32602
Vlotho
TEL.:
05228/9606-0
Payment experience: cash
discount/within agreed terms
Negative information:We have no negative information at hand.
Balance sheet year: 2010
Type of ownership: Tenant
Address Industriestr.
14
D 32602 Vlotho
Type of ownership: Tenant
Address Am Mittelfeld
1
D 39326
Loitsche-Heinrichsberg
Real Estate of: Jochen Karl
Thumm
Type of ownership: part owner
Share: 50.00 %
Address Zur Breiten
Wiese 12
D 39326
Colbitz
Land register documents were not available.
BADEN-WÜRTTEMB.BANK/LANDESBANK BADEN-WÜRTTEMB., NÜRTINGEN
Sort. code: 60050101, BIC: SOLADEST600
Turnover: 2011 EUR 3,740,000.00
Equipment: EUR 159,962.00
Ac/ts
receivable:
EUR 2,323,462.00
Liabilities: EUR 6,777,527.00
Employees:
22
Balance
sheet ratios 01.01.2010 - 31.12.2010
Equity
ratio [%]: 81.88
Liquidity
ratio: 1.83
Return
on total capital [%]: 0.80
Balance
sheet ratios 01.01.2009 - 31.12.2009
Equity
ratio [%]: 16.65
Liquidity
ratio: 0.43
Return
on total capital [%]: 0.93
Balance
sheet ratios 01.01.2008 - 31.12.2008
Equity
ratio [%]: 15.08
Liquidity
ratio: 0.36
Return
on total capital [%]: 1.98
Balance
sheet ratios 01.01.2007 - 31.12.2007
Equity
ratio [%]: 14.31
Liquidity
ratio: 0.37
Return
on total capital [%]: 1.83
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: 01.01.2010 - 31.12.2010
ASSETS EUR 8,321,458.74
Fixed assets EUR 293,995.29
Tangible assets EUR 293,995.29
Land / similar rights EUR 2,352.00
Plant / machinery EUR 29,364.00
Other tangible assets / fixtures and
fittings EUR 159,962.00
Advance payments made / construction
in progress EUR 102,317.29
Current assets EUR 8,024,188.95
Stocks EUR 5,696,268.74
Accounts receivable EUR 2,323,461.82
Other debtors and assets EUR 2,323,461.82
Liquid means EUR 4,458.39
Remaining other assets EUR 3,274.50
Accruals (assets) EUR 3,274.50
LIABILITIES EUR 8,321,458.74
Shareholders' equity EUR 1,311,853.60
Capital EUR 325,000.00
Subscribed capital (share capital) EUR 325,000.00
Balance sheet profit/loss (+/-) EUR 986,853.60
Profit / loss brought forward EUR 919,987.23
Annual surplus / annual deficit EUR 66,866.37
Provisions EUR 232,078.00
Liabilities EUR 6,777,527.14
Other liabilities EUR 6,777,527.14
Unspecified other liabilities EUR 6,777,527.14
Guarantees and other commitments EUR 4,931,000.00
Guarantees / warranties EUR 4,931,000.00
Warranties EUR 4,931,000.00
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Gross result (+/-) EUR 2,888,726.31
Staff expenses EUR 1,119,437.69
Wages and salaries EUR 927,028.31
Social security contributions and
expenses for pension plans and
benefits EUR 192,409.38
Total depreciation EUR 66,978.93
Other operating expenses EUR 1,245,533.28
Operating result from continuing
operations EUR 456,776.41
Interest result (+/-) EUR -342,460.93
Interest and similar income EUR 10,867.22
Interest and similar expenses EUR 353,328.15
thereof paid to related companies EUR 328,355.02
Financial result (+/-) EUR -342,460.93
Result from ordinary operations (+/-) EUR
114,315.48
Income tax / refund of income tax
(+/-)EUR -45,152.61
Other taxes / refund of taxes EUR -2,296.50
Tax (+/-) EUR -47,449.11
Annual surplus / annual deficit EUR 66,866.37
Type
of balance
sheet: Company balance sheet
Financial
year: 01.01.2009 - 31.12.2009
ASSETS EUR 7,479,560.95
Fixed assets EUR 227,749.00
Tangible assets EUR 227,749.00
Land / similar rights EUR 3,360.00
Plant / machinery EUR 40,404.00
Other tangible assets / fixtures and
fittings EUR 183,985.00
Current assets EUR 7,250,905.95
Stocks EUR 4,593,780.97
Accounts receivable EUR 2,587,849.66
Other debtors and assets EUR 2,587,849.66
Liquid means EUR 69,275.32
Remaining other assets EUR 906.00
Accruals (assets) EUR 906.00
LIABILITIES EUR 7,479,560.95
Shareholders' equity EUR 1,244,987.23
Capital EUR 325,000.00
Subscribed capital (share capital) EUR 325,000.00
Balance sheet profit/loss (+/-) EUR 919,987.23
Profit / loss brought forward EUR 850,788.05
Annual surplus / annual deficit EUR 69,199.18
Provisions EUR 197,100.00
Liabilities EUR 6,037,473.72
Financial debts EUR 484,786.83
Liabilities due to banks EUR 484,786.83
Other liabilities EUR 5,552,686.89
Liabililties due to related
companiesEUR 5,179,521.83
Unspecified other liabilities EUR
373,165.06
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Gross result (+/-) EUR 2,705,503.82
Staff expenses EUR 1,002,793.21
Wages and salaries EUR 832,027.40
Social security contributions and
expenses for pension plans and
benefits EUR 170,765.81
Total depreciation EUR 55,276.42
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 55,276.42
Other operating expenses EUR 1,207,137.03
Operating result from continuing
operations EUR 440,297.16
Interest result (+/-) EUR -327,353.62
Interest and similar income EUR 6,792.71
Interest and similar expenses EUR 334,146.33
thereof paid to related companies EUR 309,168.84
Financial result (+/-) EUR -327,353.62
Result from ordinary operations (+/-) EUR
112,943.54
Income tax / refund of income tax
(+/-)EUR -41,596.36
Other taxes / refund of taxes EUR -2,148.00
Tax (+/-) EUR -43,744.36
Annual surplus / annual deficit EUR 69,199.18
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.54 |
|
|
1 |
Rs.88.05 |
|
Euro |
1 |
Rs.72.29 |
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.