MIRA INFORM REPORT

 

 

Report Date :

12.11.2013

 

IDENTIFICATION DETAILS

 

Correct Name :

VOB EDELSTAHLHANDEL GMBH & CO. KG

 

 

Registered Office :

Lessingstr. 39, D 21629 Neu Wulmstorf

 

 

Country :

Germany

 

 

Date of Incorporation :

28.06.1995

 

 

Com. Reg. No.:

HRA 2179

 

 

Legal Form :

Ltd partnership with priv. ltd. company as General partner

 

 

Line of Business :

Wholesale of iron ores, iron, steel and iron and steel  semi-finished goods

 

 

No. of Employees :

138

 

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 :

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 – 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

COMPANY NAME          

 

Voß Edelstahlhandel GmbH & Co. KG

 

 

Company Status 

 

active

Lessingstr. 39

D 21629 Neu Wulmstorf

Post Box:

12 60, D 21625

Telephone:040/700165-55

Telefax:  040/70016580

Homepage: www.voss-edelstahl.de

E-mail:   info@voss-edelstahl.de

 

VAT no.:             DE812036760

Tax ID number:       15/202/17509

 

 

 CONCLUSION

 

 Business relations are permissible.

 

 

 LEGAL FORM              Ltd partnership with priv. ltd. company as

                                    general partner

 Date of foundation:        14.03.1979

 Begin of business

 activities:                      28.06.1995

 Registered on:              16.08.1996

 Register of

 companies:                  Local court 21255 Tostedt

 under:                          HRA 2179

 

 Total cap. contribution:  EUR         14,000,000.00

 

 Limited partner:

                      K.D. Feddersen Holding GmbH

                      Gotenstr. 11a

                      D 20097 Hamburg

                      Post Box:

                      10 10 20, D 20007 Hamburg

                      Legal form: Private limited company

                      Share capital:     EUR         50,000,000.00

                      Share:             EUR         12,600,000.00

                      Registered on: 30.12.1985

                      Reg. data: 20355 Hamburg, HRB 35316

 Limited partner:

                      Markus Fischer

                      D 27243 Dünsen

                      born: 27.04.1966

                      Share:             EUR            700,000.00

 Limited partner:

                      Thorsten Studemund

                      D 25451 Quickborn

                      born: 30.12.1963

                      Share:             EUR            700,000.00

 General partner:

                      Voß Edelstahlhandel Verwaltung GmbH

                      Lessingstr. 39

                      D 21629 Neu Wulmstorf

                      Legal form: Private limited company

                      Share capital:     EUR             60,000.00

                      Registered on: 08.08.1996

                      Reg. data: 21255 Tostedt, HRB 4030

 

 Shareholder:

                      K.D. Feddersen Holding GmbH

                      Gotenstr. 11a

                      D 20097 Hamburg

                      Post Box:

                      10 10 20, D 20007 Hamburg

                      Legal form: Private limited company

                      Share capital:     EUR         50,000,000.00

                      Share:             EUR             60,000.00

                      Registered on: 30.12.1985

                      Reg. data: 20355 Hamburg, HRB 35316

 Manager:

                      Markus Fischer

                      D 27243 Dünsen

                      having sole power of representation

                      born: 27.04.1966

 Manager:

                      Thorsten Studemund

                      D 25451 Quickborn

                      having sole power of representation

                      born: 30.12.1963

                      Profession: Businessman

 President of the Supervisory Board:

                      Prof.Dr. Peter Rawert

                      D 20095 Hamburg

                      born: 20.01.1959

                      Profession: Lawyer

                      Marital status: unknown

 Member of the Supervisory Board:

                      Uwe Voß

                      D 22587 Hamburg

                      born: 10.10.1941

                      Profession: Businessman

                      Marital status: married

 Member of the Supervisory Board:

                      Olaf Meuser

                      D 21266 Jesteburg

                      born: 17.10.1958

                      Profession: Bank employee

                      Marital status: unknown

 Member of the Supervisory Board:

                      Matthias von Rönn

                      D 20095 Hamburg

                      born: 26.05.1967

 

 

COMPANY HISTORY

 

 27.07.1979 - 28.05.1996            Voß Edelstahlhandel G.m.b.H.

                                                Lessingstr. 39

                                                D 21629 Neu Wulmstorf

                                                Private limited company

 

 

BUSINESS ACTIVITIES

 

 Sectors

 46721   Wholesale of iron ores, iron, steel and iron and steel

 semi-finished goods

 46903   Non-specialized wholesale trade

 Average risk of default:          3.5 %

 47799   Retail sale of other second-hand articles

 52291   Forwarding agency

 

 

BRANCHES AND FACTORIES

 

Branch:

                      Voß Edelstahlhandel GmbH & Co. KG

                      Raitestr. 5

                      D 71272 Renningen

                      TEL.: 07159/92120

                      FAX.: 07159-921230

Branch:

                      Voß Edelstahlhandel GmbH & Co. KG

                      Teilungsweg 31

                      D 45329 Essen

                      TEL.: 0201/835220

Branch:

                      Voß Edelstahlhandel GmbH & Co. KG

                      Hennersdorferstr. 34

                      A 2333 Leopoldsdorf

                      TEL.: 0043 2235 47505

                      FAX.: 0043 2235 4750550

 Branch:

                      Voß Edelstahlhandel GmbH & Co. KG

                      23 Avenue des Frères Montgolfi

                      er

                      F 69680 Lyon

                      TEL.: +33(0) 472478900

 Branch:

                      Voß Edelstahlhandel GmbH & Co. KG

                      13, rue des Imprimeurs

                      F F-69680 Coueron/Nantes

 

 

FINANCIAL INFORMATION

 

Payment experience:  within agreed terms

 

Negative information:We have no negative information at hand.

 

 

REAL ESTATE

 

Type of ownership:         proprietor

Share:                           100.00 %

Address                        Lessingstr. 39 D 21629 Neu Wulmstorf

Value at selling price:     EUR          2,040,000.00

 

Type of ownership:         proprietor

Share:                           100.00 %

Address                        Gottlieb-Daimler-Str. 3

                                    D 21629 Neu Wulmstorf

 

Real Estate of:               Voß Edelstahlhandel Verwaltung GmbH

Type of ownership:         Tenant

Address                        Lessingstr. 39

                                    D 21629 Neu Wulmstorf

 

Land register documents were not available.

 

 

BANKERS

 

Principal bank

DEUTSCHE BANK, HAMBURG

Sort. code: 20070000, Account no.: 931401400, BIC: DEUTDEHHXXX

 

Further banks

VOLKSBANK LÜNEBURGER HEIDE, ROSENGARTEN, KR HARBURG

Sort. code: 24060300, Account no.: 202100500, BIC: GENODEF1NBU

COMMERZBANK, HAMBURG

Sort. code: 20040000, Account no.: 4142121, BIC: COBADEHHXXX

UNICREDIT BANK - HYPOVEREINSBANK, HAMBURG

Sort. code: 20030000, Account no.: 50892000, BIC: HYVEDEMM300

 

 

FINANCIAL FIGURES

 

 Financial year:      01.01. - 31.12.

 Total numbers of vehicles:                                      8

 - Passenger cars:                                               8

 Employees:                                                    138

 - Trainees:                                                     6

 

 

This company has decided to exercise the option not to publish its

annual financial statement and is included in the annual financial

statement of the parent company K.D. Feddersen Holding GmbH.

 

Basic data of the group:

 

                                                

                                    2011                  2010  

                                     EUR                   EUR  

Sales revenues            415.906.874,00        348.759.031,00  

Receivables                50.009.511,00         44.921.468,00  

Liabilities                84.294.284,00         64.556.215,00  

Group surplus              12.376.526,00         11.568.235,00  

Staff                                574                   508   


 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.30

UK Pound

1

Rs.101.36

Euro

1

Rs.84.60

 

 

INFORMATION DETAILS

 

Report Prepared by :

SHG

 

 

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.