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Report Date : |
19.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
ALPO Edelstahl
GmbH |
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|
|
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Registered Office : |
Hinter der Ziegelhütte 3 D 71665 Vaihingen |
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|
|
|
Country : |
Germany |
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|
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Financials (as on) : |
31.12.2012 |
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|
|
|
Date of Incorporation : |
13.08.2012 |
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|
|
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Com. Reg. No.: |
70190 |
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|
|
|
Legal Form : |
Private limited company |
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|
|
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Line of Business : |
Wholesale of iron ores, iron, steel and iron and steel semi-finished
goods. |
|
|
|
|
No. of Employees : |
25 |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
-- |
NB |
New Business |
-- |
|
Status : |
New business |
|
Payment Behaviour : |
Slow but correct |
|
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
Hinter der Ziegelhütte 3
D 71665 Vaihingen
Telephone:07042/2887-0
Telefax: 07042/288719
Legal Form Private limited company
Date of foundation: 13.08.2012
Shareholders'
agreement: 13.08.2012
Registered on: 16.01.2013
Commercial Register: Local
court 70190 Stuttgart
under: HRB 743741
Share capital:
EUR 200,000.00
Shareholder:
Alfred Pommerenke
Rotkleeweg 18/3
D 71665 Vaihingen
born: 22.05.1965
Share: EUR
150,000.00
Shareholder:
Klaus Lehmann-Hecke
D 71272 Renningen
born: 22.07.1969
Share: EUR 50,000.00
Manager:
Alfred Pommerenke
Rotkleeweg 18/3
D 71665 Vaihingen
having sole power of representation
born: 22.05.1965
Profession: master in metal construction
Marital status: married
Manager:
Klaus Lehmann-Hecke
D 71272 Renningen
having sole power of representation
born: 22.07.1969
Further functions/participations of Alfred Pommerenke (Manager)
Shareholder:
ALPO-Edelstahl Schleif u. Service GmbH
Max-Eyth-Str. 5
D 75428 Illingen
Legal form: Private limited company
dissolved
Share capital: EUR 102,258.37
Share: EUR 76,693.78
Registered on: 24.09.1990
Reg. data:
68159 Mannheim, HRB 510824
Manager:
ALPO-Edelstahl Schleif u. Service GmbH
Max-Eyth-Str. 5
D 75428 Illingen
Legal form: Private limited company
dissolved
Share capital: EUR 102,258.37
Registered on: 24.09.1990
Reg. data:
68159 Mannheim, HRB 510824
Manager:
ALPO Edelstahl GmbH
Niedenstr. 58
D 40721 Hilden
Legal form: Private limited company
dissolved
Share capital: EUR 25,000.00
Registered on: 24.06.2002
Reg. data: 40227 Düsseldorf, HRB 47068
27.08.2012 - 16.01.2013 ALPO
Edelstahl GmbH
Max-Eyth-Str. 3-5
D 75428 Illingen
Private limited company
Sectors
2561 Treatment and coating of
metals
46721 Wholesale of iron ores,
iron, steel and iron and steel
semi-finished goods
46722 Wholesale of non-ferrous
ores, metals and metal
semi-finished goods
Payment experience: takes
advantage of cash discount
Negative information:We have no negative information at hand.
Balance sheet year: 2012
Type of ownership: Tenant
Address Hinter der Ziegelhütte 3
D 71665 Vaihingen
Real Estate of: Alfred Pommerenke
Type of ownership: proprietor
Share: 100.00 %
Address Max-Eyth-Str. 5
D 75428 Illingen
Land register documents were not available.
SPARKASSE PFORZHEIM CALW, PFORZHEIM
Sort. code: 66650085, BIC: PZHSDE66XXX
Turnover: 2012 EUR
2,300,000.00
Expected turnover: EUR
8,300,000.00
Equipment:
*EUR 191,500.00
Ac/ts receivable:
*EUR 633,000.00
Liabilities:
*EUR 750,000.00
Employees: 25
The business figures marked with an asterisk are estimates based
on average values in the line of business.
Balance sheet ratios 01.09.2012
- 31.12.2012
Equity ratio [%]: 14.58
Liquidity ratio: 0.12
Return on total capital [%]: 0.01
Balance sheet grade:
4.0
Financial year: 01.09.2012 - 31.12.2012
ASSETS
EUR 1,305,281.47
Fixed assets
EUR 197,103.00
Intangible assets
EUR 22,916.00
Other / unspecified intangible assets EUR 22,916.00
Tangible assets EUR 174,187.00
Other / unspecified tangible assets
EUR 174,187.00
Current assets
EUR 1,091,807.58
Stocks
EUR 958,737.00
Accounts receivable EUR 132,438.61
Other debtors and assets
EUR 132,438.61
Liquid means
EUR 631.97
Remaining other assets
EUR 16,370.89
Accruals (assets)
EUR 16,370.89
LIABILITIES
EUR 1,305,281.47
Shareholders' equity
EUR 200,137.09
Capital
EUR 200,000.00
Subscribed capital (share capital)
EUR 200,000.00
Balance sheet profit/loss (+/-)
EUR 137.09
Annual surplus / annual deficit
EUR 137.09
Provisions
EUR 38,140.29
Liabilities
EUR 1,067,004.09
Other liabilities
EUR 1,067,004.09
Unspecified other liabilities
EUR 1,067,004.09
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.14 |
|
|
1 |
Rs.100.48 |
|
Euro |
1 |
Rs.84.37 |
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.