MIRA INFORM REPORT

 

 

Report Date :

23.03.2013

 

IDENTIFICATION DETAILS

 

Name :

MASTERTEC GMBH & CO. KG SPEZIALARTIKEL FÜRDEN STAHLBETONBAU

 

 

Registered Office :

Im Maintal 13 D 96173 Oberhaid

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

02.10.1998

 

 

Com. Reg. No.:

HRA 9888

 

 

Legal Form :

Ltd partnership with priv. ltd. company as general partner

 

 

Line of Business :

Wholesale of construction materials of mineral sustances

 

 

No. of Employees :

17

 

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

Payment Behaviour :

Regular

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

Company name and address

 

MASTERTEC GMBH & CO. KG SPEZIALARTIKEL FÜRDEN STAHLBETONBAU

 

 Company Status:      active

                      Im Maintal 13

                      D 96173 Oberhaid

                      Telephone:09503/50470

                      Telefax:  09503/504720

                      Homepage: www.mastertec.eu

                      E-mail:   info@mastertec.eu

 

 

VAT no.           

 

DE812533130

 

Tax ID number       

 

207/159/56806

 

 

CONCLUSION

 

 Business relations are permissible.

 

 

Registartion data

 

 LEGAL FORM              Ltd partnership with priv. ltd. company as

                                     general partner

 Date of foundation:      02.10.1998

 Registered on:             02.10.1998

 Register of

 companies:                  Local court 96047 Bamberg

 under:                          HRA 9888

 

 

Total cap. contribution

               

EUR             20,000.00

 

Limited partner

 

                      Rainer Kropfelder

                      Am Wäldchen 12

                      D 96191 Viereth-Trunstadt

                      born: 16.09.1962

                      Share:             EUR             15,000.00

 Limited partner:

                      Gabriele Kropfelder

                      Am Wäldchen 12

                      D 96191 Viereth-Trunstadt

                      born: 14.03.1962

                      née: Hümmer

                      Share:             EUR              5,000.00

 General partner:

                      BVV Bau-Vertriebs-Verwaltungs-GmbH

                      Im Maintal 13

                      D 96173 Oberhaid

                      Legal form: Private limited company

                      Share capital:     EUR             50,000.00

                      Registered on: 02.10.1998

                      Reg. data: 96047 Bamberg, HRB 3636

 

 Shareholder:

                      Rainer Kropfelder

                      Am Wäldchen 12

                      D 96191 Viereth-Trunstadt

                      born: 16.09.1962

                      Share:             EUR             37,500.00

 Shareholder:

                      Gabriele Kropfelder

                      Am Wäldchen 12

                      D 96191 Viereth-Trunstadt

                      born: 14.03.1962

                      née: Hümmer

                      Share:             EUR             12,500.00

 Manager:

                      Rainer Kropfelder

                      Am Wäldchen 12

                      D 96191 Viereth-Trunstadt

                      having sole power of representation

                      born: 16.09.1962

                      Profession: Clerk

                      Marital status: married

 Manager:

                      Gabriele Kropfelder

                      Am Wäldchen 12

                      D 96191 Viereth-Trunstadt

                      having sole power of representation

                      born: 14.03.1962

                      née: Hümmer

                      Profession: Housewife

                      Marital status: married

 

 

COMPANY HISTORY

 

 16.11.1998 - 09.01.2012  MASTERTEC GmbH & Co. KG Spezialartikel

                          für den Stahlbetonbau

                          Industriestr. 12

                          D 96120 Bischberg

                          Ltd partnership with priv. ltd. company

                          as general partner

 

 

BUSINESS ACTIVITIES

 

 Main industrial sector

 46734   Wholesale of construction materials of mineral sustances

 

FINANCIAL INFORMATION

 

 Payment experience:  cash discount/within agreed terms

 

 Negative information:We have no negative information at hand.

 

 Balance sheet year:  2011

 

 

REAL ESTATE

 

 Type of ownership:   proprietor

 Share:                100.00 %

 Address              Im Maintal 13

                      D 96173 Oberhaid

 

 Land register documents were not available.

 

 

BANKERS

 

 Principal bank

 SPARKASSE BAMBERG, VIERETH-TRUNSTADT

 Sort. code: 77050000, BIC: BYLADEM1SKB

 

 Further bank

 SPARKASSE BAMBERG, BAMBERG

 Sort. code: 77050000, BIC: BYLADEM1SKB

 

FINANCIAL FIGURES

 

 Turnover:            2011               EUR          9,300,000.00

                      2012               EUR          9,350,000.00

 further business figures:

 Equipment:                              EUR            135,000.00

 Ac/ts receivable:                       EUR            344,604.00

 Liabilities:                            EUR          2,401,633.00

 Real estate of the firm:                EUR          3,400,000.00

 Total numbers of vehicles:                                      4

 - Passenger cars:                                               4

 Employees:                                                     17

 - thereof permanent staff:                                     12

 - Part-time employees:                                          2

 - Trainees:                                                     1

 - Temporary workers:                                            2

 

 The aforementioned business figures may partly be estimated

 information based on average values in the line of business.

 

 

BALANCE SHEETS

 

 Balance sheet ratios 01.01.2011 - 31.12.2011

 Equity ratio [%]:                  5.35

 Liquidity ratio:                   0.15

 

 Balance sheet ratios 01.01.2010 - 31.12.2010

 Equity ratio [%]:                  3.50

 Liquidity ratio:                   0.13

 

 Balance sheet ratios 01.01.2009 - 31.12.2009

 Equity ratio [%]:                  0.44

 Liquidity ratio:                   0.16

 

 Balance sheet ratios 01.01.2008 - 31.12.2008

 Equity ratio [%]:                  0.35

 Liquidity ratio:                   0.15

 

 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.

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2011 - 31.12.2011

 

 ASSETS                                  EUR          2,735,512.45

  Fixed assets                           EUR            667,711.35

   Intangible assets                     EUR              6,158.98

    Other / unspecified intangible assetsEUR              6,158.98

   Tangible assets                       EUR            661,552.37

    Other / unspecified tangible assets  EUR            661,552.37

  Current assets                         EUR          2,043,724.12

   Stocks                                EUR          1,583,115.38

   Accounts receivable                   EUR            344,604.47

    Other debtors and assets             EUR            344,604.47

   Liquid means                          EUR            116,004.27

  Remaining other assets                 EUR             24,076.98

   Accruals (assets)                     EUR             24,076.98

 

 LIABILITIES                             EUR          2,735,512.45

  Shareholders' equity                   EUR            149,358.73

   Capital                               EUR            149,358.73

    Capital of the fully liable partner

    (LP, general partnership)            EUR            129,358.73

     Capital contribution of gen.

     partner/accounts of the pers. liable

     shareholder                         EUR            129,358.73

    Limited partner's capital / capital

    of partially liable partner (LP)     EUR             20,000.00

  Provisions                             EUR            184,521.00

  Liabilities                            EUR          2,401,632.72

   Other liabilities                     EUR          2,401,632.72

    Unspecified other liabilities        EUR          2,401,632.72

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2010 - 31.12.2010

 

 ASSETS                                  EUR          2,441,685.06

  Fixed assets                           EUR            482,704.91

   Intangible assets                     EUR              6,599.95

    Other / unspecified intangible assetsEUR              6,599.95

   Tangible assets                       EUR            476,104.96

    Other / unspecified tangible assets  EUR            476,104.96

  Current assets                         EUR          1,941,299.65

   Stocks                                EUR          1,580,745.34

   Accounts receivable                   EUR            265,701.86

    Other debtors and assets             EUR            265,701.86

   Liquid means                          EUR             94,852.45

  Remaining other assets                 EUR             17,680.50

   Accruals (assets)                     EUR             17,680.50

 

 LIABILITIES                             EUR          2,441,685.06

  Shareholders' equity                   EUR             88,536.92

   Capital                               EUR             88,536.92

    Capital of the fully liable partner

    (LP, general partnership)            EUR             78,311.08

     Capital contribution of gen.

     partner/accounts of the pers. liable

     shareholder                         EUR             78,311.08

    Limited partner's capital / capital

    of partially liable partner (LP)     EUR             10,225.84

  Provisions                             EUR            135,360.00

  Liabilities                            EUR          2,217,788.14

   Other liabilities                     EUR          2,217,788.14

    Unspecified other liabilities        EUR          2,217,788.14

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.33

UK Pound

1

Rs.82.56

Euro

1

Rs.70.10

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.