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Report Date : |
23.03.2013 |
IDENTIFICATION DETAILS
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Name : |
ARC SCHWEISSTECHNOLOGIE AG |
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Registered Office : |
Heinrich-Hertz-Str. 52, D 40699 Erkrath |
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Country : |
Germany |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
06.04.2006 |
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Com. Reg. No.: |
HRB 21404 |
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Legal Form : |
Public Limited Company |
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Line of Business : |
Wholesaler of other equipment and accessories for machinery and technical supplies |
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No. of Employees : |
09 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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 |
ARC Schweisstechnologie AG
Heinrich-Hertz-Str. 52
D 40699 Erkrath
Telephone: 0211/569080
Telefax: 0211/56908-40
Homepage: www.arc-technologie.de
E-mail: vanempel@arc-technologie.de
active
DE814683547
103/5749/1622
LEGAL FORM Public limited company
Date of foundation: 06.04.2006
Begin of business
activities: 06.04.2006
Registered on: 07.10.2008
Commercial Register: Local court 42103 Wuppertal
under: HRB 21404
Share capital: EUR 75,000.00
Jörg Quassowski
Burgmüllerstr. 43
D 40235 Düsseldorf
having sole power of representation
born: 22.03.1953
Profession: Fully qualified management
expert
Marital status: married
Michael Liebgott
Dunkelnberger Str. 12
D 42697 Solingen
having sole power of representation
born: 11.07.1956
Profession: Technical engineer
Marital status: married
Ralf Koslowski
D 40699 Erkrath
Further functions/participations of Jörg
Quassowski (President of the Board of Directors)
Shareholder:
VALCO Edelstahl und Schweißtechnik GmbH
Büttgenbachstr. 12
D 40549 Düsseldorf
Post Box:
11 12 25
Legal form: Private limited company
insolvent
Share capital: EUR 204,516.76
Share: EUR 204,516.76
Registered
on: 15.10.1979
Reg. data: 40227 Düsseldorf, HRB 14797
Shareholder:
VALCO UMWELTTECHNOLOGIE GMBH
Heinrich-Hertz-Str. 52
D 40699 Erkrath
Legal form: Private limited company
Share capital: EUR 51,129.19
Share: EUR 12,271.01
Registered
on: 14.12.2007
Reg. data: 42103 Wuppertal, HRB 20826
Manager:
VALCO Edelstahl und Schweißtechnik GmbH
Büttgenbachstr. 12
D 40549 Düsseldorf
Post Box:
11 12 25
Legal form: Private limited company
insolvent
Share capital: EUR 204,516.76
Registered
on: 15.10.1979
Reg. data: 40227 Düsseldorf, HRB 14797
06.04.2006 - 30.04.2008 NT - Werkstoffe und Schweisstechnik GmbH
Büttgenbachstr. 16
D 40549 Düsseldorf
Private limited company
30.04.2008 - 07.10.2008 NT - Werkstoffe und Schweisstechnik GmbH
Heinrich-Hertz-Str. 52
D 40589 Düsseldorf
Private limited company
Sectors
46693 Wholesale of other equipment and accessories for machinery and technical supplies
71122 Engineering activities in the field of technical sectoral planning andengineering design
72190 Other research and experimental development on natural sciences and engineering
9609 Other service activities n. e. c.
Payment experience: within periods customary in this trade
Negative information: We have no negative information at hand.
Balance sheet year: 2011
Type of ownership: Tenant
Address Heinrich-Hertz-Str. 52
D 40699 Erkrath
Real Estate of: Michael Liebgott
Type of ownership: part owner
Share: 50.00 %
Address Dunkelnberger Str. 12
D 42697 Solingen
Land register documents were not available.
COMMERZBANK VORMALS
DRESDNER BANK, DÜSSELDORF
Sort. code: 30080000, Account no.: 2385624, BIC: DRESDEFF300
STADTSPARKASSE
DÜSSELDORF, DÜSSELDORF
Sort. code: 30050110, Account no.: 1004442966, BIC: DUSSDEDDXXX
Ac/ts
receivable:
EUR 278,084.00
Liabilities: EUR 1,238,908.00
Total numbers of
vehicles: 4
Employees:
9
- Part-time
employees: 1
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
[%]: 3.63
Liquidity
ratio: 0.38
Return on total
capital [%]: 1.92
Balance sheet ratios
01.01.2010 - 31.12.2010
Equity ratio
[%]: -62.19
Liquidity
ratio: 0.26
Return on total
capital [%]: -25.33
Balance sheet ratios
01.01.2009 - 31.12.2009
Equity ratio
[%]: -118.66
Liquidity
ratio: 0.10
Return on total
capital [%]: -84.81
Balance sheet ratios
01.01.2008 - 31.12.2008
Equity ratio
[%]: -24.62
Liquidity
ratio: 0.15
Return on total
capital [%]: -41.94
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 1,244,407.57
Fixed assets EUR 20,802.00
Intangible assets EUR 15,313.00
Other / unspecified
intangible assetsEUR
15,313.00
Tangible assets EUR 5,489.00
Other / unspecified
tangible assets EUR 5,489.00
Current assets EUR 856,698.68
Stocks EUR 465,342.02
Other / unspecified
stocks EUR 465,342.02
Accounts receivable EUR 278,084.47
Other debtors and
assets EUR 278,084.47
Liquid means EUR 113,272.19
Remaining other
assets EUR 366,906.89
Accruals (assets) EUR 6,351.21
Deficit not covered by
shareholders'
equity EUR 360,555.68
LIABILITIES EUR 1,244,407.57
Shareholders' equity EUR 0.00
Capital EUR 75,000.00
Subscribed capital
(share capital) EUR 75,000.00
Reserves EUR 308,708.00
Capital reserves EUR 308,708.00
Balance sheet
profit/loss (+/-) EUR -744,263.68
Balance sheet profit /
loss EUR -744,263.68
Other shareholders'
equity (+/-) EUR 360,555.68
Deficit not covered by
shareholders'
equity EUR 360,555.68
Provisions EUR 5,500.00
Other / unspecified provisions EUR 5,500.00
Liabilities EUR 1,238,907.57
Other liabilities EUR 1,238,907.57
Unspecified other
liabilities EUR 1,238,907.57
Type of balance
sheet:
Company balance sheet
Financial year:
01.01.2010 - 31.12.2010
ASSETS EUR 1,067,263.48
Fixed assets EUR 21,326.00
Intangible assets EUR 13,664.00
Other / unspecified
intangible assetsEUR
13,664.00
Tangible assets EUR 7,662.00
Other / unspecified
tangible assets EUR 7,662.00
Current assets EUR 631,670.12
Stocks EUR 317,812.88
Accounts receivable EUR 258,047.38
Other debtors and
assets EUR 258,047.38
Liquid means EUR 55,809.86
Remaining other
assets EUR 414,267.36
Accruals (assets) EUR 11,875.79
Deficit not covered by
shareholders'
equity EUR 402,391.57
LIABILITIES EUR 1,067,263.48
Shareholders' equity EUR 0.00
Capital EUR 50,000.00
Subscribed capital
(share capital) EUR 50,000.00
Reserves EUR 308,708.00
Capital reserves EUR 308,708.00
Balance sheet
profit/loss (+/-) EUR -761,099.57
Profit / loss brought
forward EUR -594,447.23
Annual surplus / annual
deficit EUR -166,652.34
Other shareholders'
equity (+/-) EUR 402,391.57
Deficit not covered by
shareholders'
equity EUR 402,391.57
Provisions EUR 5,000.00
Liabilities EUR 1,062,263.48
Other liabilities EUR 1,062,263.48
Unspecified other
liabilities EUR 1,062,263.48
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.34 |
|
UK Pound |
1 |
Rs.82.56 |
|
Euro |
1 |
Rs.70.10 |
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 |
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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.