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Report Date : |
26.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
DSHWOOD GMBH |
|
|
|
|
Registered Office : |
Steinförder Str. 59, D 29323 Wietze |
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|
|
|
Country : |
Germany |
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|
|
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
22.04.2008 |
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|
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Com. Reg. No.: |
HRB 201359 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Services
to forrestry and logging Wholesaler of other machinery, equipment and supplies Wholesaler of other wooden semi-finished goods and
construction materials |
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|
|
No. of Employees : |
16 |
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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|
|
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Payment Behaviour : |
No Complaints |
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|
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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 – 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 |
DSHwood GmbH
Steinförder Str. 59
D 29323 Wietze
Telephone: 05146/985740
Telefax: 05146/9857420
Homepage: www.dshwood.dk/Default.asp?m=232
E-mail: dsh@dshwood.dk
Business relations are permissible.
active
LEGAL FORM Private limited company
Date of foundation: 22.04.2008
Shareholders'
agreement: 22.04.2008
Registered on: 22.07.2008
Commercial Register: Local
court 21335 Lüneburg
under: HRB 201359
Share capital: EUR 700,000.00
DSHwood A/S
glarmestervej 7
DK 7000 Fredericia
Legal form: Other legal form
Share: EUR 700,000.00
Christen Möller
Munuevey 25b
DK 3500 Vaerlose
having sole power of representation
born: 19.05.1959
Profession: Fully qualified merchant
Nationality: danish
Marital status: unknown
Michael Tekampe
D 30916 Isernhagen
having sole power of representation
born: 04.09.1975
Profession: Businessman
28.07.2008 -
01.11.2010 DSHwood GmbH
Hackestr. 4
D
29323 Wietze
Private limited company
Main industrial
sector
02400 Services to forrestry
and logging
4669 Wholesale of other
machinery, equipment and supplies
46733 Wholesale of other
wooden semi-finished goods and construction materials
·
Payment
experience: within agreed
terms
Negative information: We
have no negative information at hand.
Balance sheet year: 2011
Type of ownership: Tenant
Address Steinförder
Str. 59
D 29323 Wietze
Land register documents were not available.
NORDEA BANK FINLAND, FRANKFURT AM MAIN
Sort. code: 51430300, BIC: NDEADEFFXXX
Turnover: 2011 EUR 12,100,000.00
2012 EUR 12,100,000.00
Profit: 2011 EUR 547,590.00
further business figures:
Equipment: EUR 216,000.00
Ac/ts receivable: EUR 3,237,293.00
Liabilities: EUR 2,374,670.00
Employees:
16
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 [%]: 37.41
Liquidity ratio: 1.32
Return on total capital [%]: 12.66
Balance sheet grade: 1.9
Balance sheet ratios 01.01.2010 -
31.12.2010
Equity ratio [%]: 52.03
Liquidity ratio: 2.37
Return on total capital [%]: 27.21
Balance sheet grade: 1.3
Balance sheet ratios 01.01.2009 -
31.12.2009
Equity ratio [%]: 27.17
Liquidity ratio: 0.76
Return on total capital [%]: 19.79
Balance sheet grade: 2.3
Balance sheet ratios 22.04.2008 -
31.12.2008
Equity ratio [%]: 97.92
Liquidity ratio: 10.00
Return on total capital [%]: -6.21
Balance sheet grade: 2.5
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 4,433,659.68
Fixed assets
EUR 124,927.79
Intangible assets
EUR 13,617.25
Other / unspecified intangible assetsEUR 13,617.25
Tangible assets
EUR 111,310.05
Other / unspecified tangible assets
EUR 111,310.05
Financial assets
EUR 0.49
Other / unspecified financial assets EUR 0.49
Current assets
EUR 4,300,376.89
Stocks
EUR 1,060,989.14
Accounts receivable EUR 3,237,292.66
thereof total due from shareholders
EUR 103,044.01
Other debtors and assets
EUR 3,237,292.66
Liquid means
EUR 2,095.09
Remaining other assets
EUR 8,355.00
Accruals (assets)
EUR 8,355.00
LIABILITIES EUR 4,433,659.68
Shareholders' equity
EUR 1,727,526.25
Capital EUR 700,000.00
Subscribed capital (share capital)
EUR 700,000.00
Balance sheet profit/loss (+/-)
EUR 1,027,526.25
Profit / loss brought forward
EUR 479,935.90
Annual surplus / annual deficit
EUR 547,590.35
Provisions
EUR 324,026.02
Liabilities
EUR 2,374,670.41
Other liabilities
EUR 2,374,670.41
Unspecified other liabilities
EUR 2,374,670.41
Other liabilities
EUR 7,437.00
Deferred taxes (not included under
provisions/liabilities)
EUR 7,437.00
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 1,712,814.64
Fixed assets
EUR 81,954.99
Intangible assets
EUR 5,604.00
Tangible assets
EUR 76,350.99
Current assets
EUR 1,621,611.03
Stocks
EUR 530,485.68
Accounts receivable
EUR 877,250.91
thereof total due from shareholders
EUR 599,235.63
Liquid means
EUR 213,874.44
Remaining other assets
EUR 9,248.62
Accruals (assets)
EUR 9,248.62
LIABILITIES EUR 1,712,814.64
Shareholders' equity
EUR 1,179,935.90
Capital EUR 700,000.00
Subscribed capital (share capital)
EUR 700,000.00
Balance sheet profit/loss (+/-)
EUR 479,935.90
Profit / loss brought forward
EUR 177,678.42
Annual surplus / annual deficit
EUR 302,257.48
Provisions
EUR 191,085.44
Liabilities
EUR 331,080.30
Other liabilities
EUR 10,713.00
Deferred taxes (not included under
provisions/liabilities)
EUR 10,713.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.94 |
|
UK Pound |
1 |
Rs.90.48 |
|
Euro |
1 |
Rs.77.87 |
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.