|
Report Date : |
09.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
CSG
GERMANY GMBH |
|
|
|
|
Registered Office : |
Auf der
Hofestatt 7 D 58239 Schwerte |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
08.03.2007 |
|
|
|
|
Legal Form : |
Private
limited company |
|
|
|
|
Line of Business : |
Manufacture
of tools |
|
|
|
|
No. of Employees : |
23 |
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
CSG
GERMANY GMBH
Company
Status: active
Auf der
Hofestatt 7
D 58239 Schwerte
Telephone:02304/942920
Telefax:
02304/9429221
Homepage: www.csggermany.de
E-mail:
sasse@csggermany.de
VAT no.:
DE814814543
Tax ID number: 316/5733/0510
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 08.03.2007
Begin of business
activities: 01.05.2007
Shareholders'
agreement: 08.03.2007
Registered on: 27.03.2007
Commercial Register: Local court 58097 Hagen
under: HRB
7602
Share capital: EUR 25,000.00
Shareholder:
Carsten Sasse
Howald
D 57462 Olpe
born: 19.02.1971
Share: EUR 25,000.00
Manager:
Carsten Sasse
Howald
D 57462 Olpe
having sole power of
representation
born: 19.02.1971
Profession: graduate
engineer
Proxy:
Andrea Sasse
Howald
D 57462 Olpe
having sole power of
representation
born: 15.03.1967
Marital status: married
27.03.2007 - 31.01.2012 CSG Germany GmbH
Auf der Hofestatt 9
D 58239 Schwerte
Private limited
company
Main industrial sector
2573
Manufacture of tools
2829
Manufacture of other general-purpose machinery n.e.c.
4669 Wholesale of other machinery, equipment and
supplies
Payment experience: within periods customary in this trade
Negative information:We have no negative
information at hand.
Balance sheet year: 2011
Type of ownership: proprietor
Share: 100.00 %
Address Auf der Hofestatt 7
D 58239 Schwerte
Value at selling price: EUR 1,200,000.00
Type of ownership: Tenant
Address Auf der Hofestatt 11
D 58239 Schwerte
Type of ownership: Tenant
Address Auf der Hofestatt 9
D 58239 Schwerte
Land register documents were not available.
STADTSPARKASSE SCHWERTE, SCHWERTE
Sort. code: 44152490, BIC: WELADED1SWT
Turnover: 2011 EUR 5,100,000.00
2012
EUR 5,200,000.00
further business figures:
Ac/ts receivable: EUR
1,372,633.00
Liabilities: EUR 3,129,986.00
Employees:
23
Balance
sheet ratios 01.01.2011 -
31.12.2011
Equity ratio [%]: 1.97
Liquidity ratio: 0.44
Return on total capital [%]: 0.55
Balance sheet grade: 4.2
Balance
sheet ratios 01.01.2010 -
31.12.2010
Equity ratio [%]: 3.04
Liquidity ratio: 0.40
Return on total capital [%]: 2.12
Balance sheet grade: 3.8
Balance
sheet ratios 01.01.2009 -
31.12.2009
Equity ratio [%]: 0.91
Liquidity ratio: 0.16
Return on total capital [%]: 0.29
Balance sheet grade: 4.4
Balance
sheet ratios 01.01.2008 -
31.12.2008
Equity ratio [%]: 0.44
Liquidity ratio: 0.29
Return on total capital [%]: 0.06
Balance sheet grade: 3.8
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 3,402,763.71
Fixed assets EUR 1,274,191.03
Intangible assets EUR 23,009.00
Other / unspecified intangible assets EUR 23,009.00
Tangible assets EUR
1,251,182.03
Other / unspecified tangible assets EUR 1,251,182.03
Current assets EUR 2,116,387.55
Stocks EUR 742,422.00
Accounts receivable EUR
1,372,632.54
Other debtors and assets EUR 1,372,632.54
Liquid means EUR 1,333.01
Remaining other assets EUR
12,185.13
Accruals (assets) EUR 12,185.13
LIABILITIES EUR
3,402,763.71
Shareholders' equity EUR
78,430.72
Capital EUR 25,000.00
Subscribed capital (share capital) EUR 25,000.00
Balance sheet profit/loss (+/-) EUR 53,430.72
Profit / loss brought forward EUR 53,430.72
Provisions EUR 194,347.13
Liabilities EUR 3,129,985.86
Other liabilities EUR
3,129,985.86
Unspecified other liabilities EUR 3,129,985.86
Type of
balance sheet: Company
balance sheet
Financial
year: 01.01.2010
- 31.12.2010
ASSETS EUR
1,475,785.27
Fixed assets EUR
421,180.03
Intangible assets EUR
30,616.00
Other / unspecified intangible assets EUR 30,616.00
Tangible assets EUR
390,564.03
Other / unspecified tangible assets EUR 390,564.03
Current assets EUR 1,042,446.37
Stocks EUR 393,792.40
Accounts receivable EUR
467,822.85
Other debtors and assets EUR 467,822.85
Liquid means EUR 180,831.12
Remaining other assets EUR
12,158.87
Accruals (assets) EUR
12,158.87
LIABILITIES EUR 1,475,785.27
Shareholders' equity EUR 59,671.46
Capital EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-) EUR 34,671.46
Profit / loss brought forward EUR 34,671.46
Provisions EUR 50,974.08
Liabilities EUR 1,365,139.73
Other liabilities EUR
1,365,139.73
Unspecified other liabilities EUR 1,365,139.73
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.69 |
|
|
1 |
Rs.99.20 |
|
Euro |
1 |
Rs.83.69 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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.