|
Report Date : |
19.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
DEUTSCHE NICKEL GMBH |
|
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Registered Office : |
Rosenweg 15, D 58239 Schwerte, Post Box:
1840, D 58213 Schwerte |
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|
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Country : |
Germany |
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|
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
1861 |
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|
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Com. Reg. No.: |
HRB 7124 |
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Legal Form : |
Private limited company |
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|
|
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Line of Business : |
Manufacture of metal products |
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No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 : |
Slow but correct |
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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 – 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 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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 |
Deutsche Nickel GmbH
Rosenweg 15
D 58239 Schwerte
Post Box:
1840, D 58213 Schwerte
Telephone: 02304/1080
Telefax:
02304/108434
Homepage: www.deutsche-nickel.de
E-mail:
postmaster@deutsche-nickel.de
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1861
Shareholders'
agreement: 20.12.2004
Registered on: 06.01.2005
Commercial Register: Local court 58097 Hagen
under: HRB
7124
Share capital: EUR 25,000.00
DNICK Holding Plc
75 Cannon Street
GB - London EC4N 5BN
Legal form: Other legal form
Share: EUR 25,000.00
Udo Litzenberger
D 41747 Viersen
born: 19.10.1950
Manager:
Dirk Kebekus
D 40210 Düsseldorf
born: 20.04.1962
Profession: graduate engineer
Bastian Peters
D 58239 Schwerte
authorized to jointly represent the
company
born: 01.03.1976
Proxy:
Hubert Dornburg
D 44135 Dortmund
authorized to jointly represent the
company
born: 15.11.1960
Manager:
DN Real Estate GmbH
Rosenweg 15
D 58239 Schwerte
Legal form: Private limited company
Share capital: EUR 100,000.00
Registered
on:
27.04.2000
Reg. data:
58097 Hagen, HRB 4853
Further functions/participations of Dirk
Kebekus (Manager)
Manager:
DN Real Estate GmbH
Rosenweg 15
D 58239 Schwerte
Legal form: Private limited company
Share capital: EUR 100,000.00
Registered
on:
27.04.2000
Reg. data:
58097 Hagen, HRB 4853
1538 - 1829 Ottendorfer Eisenhammer
Hammerplatz 1
D 08280 Aue
Other legal form
1829 - 1931 Dr. Geitners Argentanfabrik
Hammerplatz 1
D 08280 Aue
Other legal form
1931 - 29.11.1993 VEB Halbzeugwerk Auerhammer
Hammerplatz 2
D 08280 Aue
Other legal form
30.11.1993 - 03.08.1995 AUERHAMMER Metallwerk GmbH
Hammerplatz 1
D 08280 Aue
Private limited company
03.08.1995 - 23.11.1995 AUERHAMMER Holding GmbH
Hammerplatz 1
D 08280 Aue
Private limited company
23.11.1995 - 28.02.1996 Deutsche Nickel GmbH
Rosenweg 15
D 58239 Schwerte
Private limited company
01.03.1996 - 05.01.2005 Deutsche Nickel Aktiengesellschaft
Rosenweg 15
D 58239 Schwerte
Public limited company
06.01.2005 - 11.04.2005 DNICK Ltd. & Co. KG
Rosenweg 15
D 58239 Schwerte
Ltd partnership with priv. ltd. company
as general partner
12.04.2005 - 21.06.2005 Fehmarn 525. VV GmbH
Rosenweg 15
D 58239 Schwerte
Private limited company
Sectors
25993
Manufacture of metal products n.e.c.
3299
Other manufacturing n.e.c.
351
Electricity supply
46722
Wholesale of non-ferrous ores, metals and metal
semi-finished goods
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2011
Type of ownership: Tenant
Address Rosenweg 15
D 58239 Schwerte
Land register documents were not
available.
COMMERZBANK, DÜSSELDORF
Sort. code: 30040000, BIC: COBADEDDXXX
FORTIS BANK NDL DEUTSCHLAND, KÖLN
Sort. code: 37010600, BIC: GEBADE33XXX
Turnover: 2011 EUR 82,220,418.00
2012 EUR 83,000,000.00
Profit: 2011 EUR -1,163,452.00
further business figures:
Equipment: EUR 737,206.00
Ac/ts receivable: EUR 9,020,916.00
Liabilities: EUR 26,981,237.00
Employees:
171
- thereof permanent staff: 160
- Trainees:
6
Balance sheet ratios 01.01.2011 -
31.12.2011
Equity ratio [%]: 81.97
Liquidity ratio: 1.66
Return on total capital [%]: -2.56
Balance sheet ratios 01.01.2010 -
31.12.2010
Equity ratio [%]: 44.36
Liquidity ratio: 0.28
Return on total capital [%]: -4.76
Balance sheet ratios 01.01.2009 -
31.12.2009
Equity ratio [%]: 51.07
Liquidity ratio: 0.46
Return on total capital [%]: -12.58
Balance sheet ratios 01.01.2008 -
31.12.2008
Equity ratio [%]: 49.27
Liquidity ratio: 0.62
Return on total capital [%]: -4.10
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 45,398,662.11
Fixed assets EUR 2,958,436.28
Intangible assets EUR 23,231.00
Concessions, licences, rights EUR 23,231.00
Tangible assets EUR 2,694,944.00
Land / similar rights EUR 70,232.00
Plant / machinery EUR 1,887,506.00
Other tangible assets / fixtures and
fittings EUR 737,206.00
Financial assets EUR 240,261.28
Shares in participations /
subsidiaries and the like EUR 106,257.92
Shares in investee companies EUR 106,257.92
Other / unspecified financial assets
EUR 134,003.36
Current assets EUR 42,415,205.83
Stocks EUR 32,920,468.86
Raw materials, consumables and
supplies EUR 5,893,758.07
Finished goods / work in progress EUR
27,026,710.79
Accounts receivable EUR 9,020,915.88
Trade debtors EUR 5,002,217.30
Amounts due from related companies EUR
3,246,376.10
Other debtors and assets EUR 772,322.48
Liquid means EUR 473,821.09
Remaining other assets EUR 25,020.00
Accruals (assets) EUR 25,020.00
LIABILITIES EUR 45,398,662.11
Shareholders' equity EUR 16,124,412.49
Capital EUR 25,000.00
Subscribed capital (share capital) EUR 25,000.00
Reserves EUR 24,000,000.00
Capital reserves EUR 24,000,000.00
Balance sheet profit/loss (+/-) EUR -7,900,587.51
Profit / loss brought forward EUR -6,737,135.36
Annual surplus / annual deficit EUR -1,163,452.15
Provisions EUR 2,293,012.90
Pension provisions and comparable
provisions EUR 857,115.00
Other / unspecified provisions EUR 1,435,897.90
Liabilities EUR 26,981,236.72
Financial debts EUR 9,304.02
Liabilities due to banks EUR 9,304.02
Other liabilities EUR 26,971,932.70
Trade creditors (for IAS incl. bills
of exchange) EUR 4,855,594.30
Liabilities from received advance
payments EUR 314,271.01
Liabililties due to related
companiesEUR 21,088,923.45
Unspecified other liabilities EUR 713,143.94
thereof liabilities from tax /
financial authorities EUR 190,982.57
PROFIT AND LOSS ACCOUNT (cost-summary
method) according to Comm.
Code (HGB)
Sales EUR 82,220,418.12
Inventory change + own costs (+/-) EUR 4,450,413.04
Inventory change (+/-) EUR 4,366,116.79
Capitalised own costs EUR 84,296.25
Other operating income EUR 1,482,395.71
Cost of materials EUR 67,629,784.19
Raw materials and supplies, purchased
goods EUR 58,961,714.29
Purchased services EUR 8,668,069.90
Gross result (+/-) EUR 20,523,442.68
Staff expenses EUR 9,519,801.83
Wages and salaries EUR 8,018,498.87
Social security contributions and
expenses for pension plans and
benefits EUR 1,501,302.96
Total depreciation EUR 778,871.96
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 778,871.96
Other operating expenses EUR 10,341,775.03
Operating result from continuing
operations EUR -117,006.14
Interest result (+/-) EUR -1,043,368.76
Interest and similar income EUR 6,784.07
Interest and similar expenses EUR 1,050,152.83
thereof paid to related companies EUR 398,539.00
Financial result (+/-) EUR -1,043,368.76
Result from ordinary operations (+/-) EUR
-1,160,374.90
Income tax / refund of income tax
(+/-)EUR -18.00
Other taxes / refund of taxes EUR -3,059.25
Tax (+/-) EUR -3,077.25
Annual surplus / annual deficit EUR -1,163,452.15
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 35,781,809.52
Fixed assets EUR 3,147,087.86
Intangible assets EUR 176,354.37
Concessions, licences, rights EUR 33,460.00
Advance payments for intang. assets EUR
142,894.37
Tangible assets EUR 2,842,424.88
Land / similar rights EUR 55,191.00
Plant / machinery EUR 1,851,798.00
Other tangible assets / fixtures and
fittings EUR 725,417.00
Advance payments made / construction
in progress EUR 210,018.88
Financial assets EUR 128,308.61
Other / unspecified financial assets
EUR 128,308.61
Current assets EUR 32,539,206.93
Stocks EUR 27,416,382.00
Raw materials, consumables and
supplies EUR 4,799,788.00
Finished goods / work in progress EUR
22,616,594.00
Accounts receivable EUR 4,971,428.62
Trade debtors EUR 3,675,269.07
Amounts due from related companies EUR 593,343.71
Other debtors and assets EUR 702,815.84
Liquid means EUR 151,396.31
Remaining other assets EUR 95,514.73
Accruals (assets) EUR 95,514.73
LIABILITIES EUR 35,781,809.52
Shareholders' equity EUR 12,287,864.64
Capital EUR 25,000.00
Subscribed capital (share capital) EUR 25,000.00
Reserves EUR 19,000,000.00
Capital reserves EUR 19,000,000.00
Balance sheet profit/loss (+/-) EUR -6,737,135.36
Profit / loss brought forward EUR -4,920,537.19
Annual surplus / annual deficit EUR -1,816,598.17
Provisions EUR 1,943,533.55
Pension provisions and comparable
provisions EUR 814,853.00
Other / unspecified provisions EUR 1,128,680.55
Liabilities EUR 21,550,411.33
Financial debts EUR 12,056,111.39
Liabilities due to banks EUR 12,056,111.39
Other liabilities EUR 9,494,299.94
Trade creditors (for IAS incl. bills
of exchange) EUR 4,764,733.58
Liabilities from received advance
payments EUR 540,907.59
Liabililties due to related
companiesEUR 3,632,835.86
Unspecified other liabilities EUR 555,822.91
thereof liabilities from tax /
financial authorities EUR 88,105.32
PROFIT AND LOSS ACCOUNT (cost-summary
method) according to Comm.
Code (HGB)
Sales EUR 66,768,720.98
Inventory change + own costs (+/-) EUR 7,534,392.00
Inventory change (+/-) EUR 7,508,492.00
Capitalised own costs EUR 25,900.00
Other operating income EUR 545,954.77
Cost of materials EUR 58,536,310.75
Raw materials and supplies, purchased
goods EUR 52,112,144.24
Purchased services EUR 6,424,166.51
Gross result (+/-) EUR 16,312,757.00
Staff expenses EUR 8,728,438.44
Wages and salaries EUR 7,247,100.31
Social security contributions and
expenses for pension plans and
benefits EUR 1,481,338.13
Total depreciation EUR 730,397.98
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 730,397.98
Other operating expenses EUR 7,798,170.95
Operating result from continuing
operations EUR -944,250.37
Interest result (+/-) EUR -750,703.75
Interest and similar income EUR 3,871.88
Interest and similar expenses EUR 754,575.63
thereof paid to related companies EUR 53,625.64
Financial result (+/-) EUR -750,703.75
Result from ordinary operations (+/-) EUR
-1,694,954.12
Extraordinary expenses EUR 118,988.00
Extraordinary result (+/-) EUR -118,988.00
Income tax / refund of income tax
(+/-)EUR -147.61
Other taxes / refund of taxes EUR -2,508.44
Tax (+/-) EUR -2,656.05
Annual
surplus / annual deficit EUR -1,816,598.17
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.14 |
|
|
1 |
Rs.100.48 |
|
Euro |
1 |
Rs.84.36 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.