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Report Date : |
16.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
TObsteel GMBH |
|
|
|
|
Registered Office : |
Rudolf-Diesel-Str. 8, D 74613 Öhringen |
|
|
|
|
Country : |
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|
|
|
|
Financials (as on) : |
31.12.2012 |
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|
|
|
Date of Incorporation : |
14.05.2004 |
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|
|
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Com. Reg. No.: |
HRB 581115 |
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|
|
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholes of Metal and Plastic Goods for Construction. |
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No. of Employees : |
31 |
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 |
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|
|
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Payment Behaviour : |
No Complaints |
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|
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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 – June 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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, has contributed to strong growth 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 5.3% in 2013. The new German government introduced a
minimum wage of $11 per hour to take effect in 2015. 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 and 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. 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 |
TOBSTEEL GmbH
Company Status: Active
Rudolf-Diesel-Str. 8
D 74613 Öhringen
Telephone:07941/60730
Telefax:
07941/607350
Homepage: www.tobsteel.com
E-mail:
info@tobsteel.com
DE814046372
76003/10882
Business relations are
permissible.
LEGAL FORM Private
limited company
Date of foundation: 14.05.2004
Shareholders'
agreement: 14.05.2004
Registered on: 21.06.2004
Commercial Register: Local court 70190 Stuttgart
under: HRB
581115
EUR 25,000.00
Tobias
Schäfer
Christian-Schöck-Str. 41/3
D
74613 Öhringen
born:
13.09.1980
Share: EUR 25,000.00
Manager:
Tobias
Schäfer
Christian-Schöck-Str. 41/3
D
74613 Öhringen
born:
13.09.1980
Profession: Businessman
Proxy:
Alexander Gebert
D
74613 Öhringen
having
sole power of representation
born:
27.01.1973
Further functions/participations of Tobias
Schäfer (Manager)
Shareholder:
Schäfer Real Estate GmbH
Christian-Schöck-Str. 41/3
D
74613 Öhringen
Legal
form: Private limited company
Share
capital: EUR 200,000.00
Share: EUR 200,000.00
Registered
on: 15.09.2011
Reg.
data: 70190 Stuttgart, HRB 738750
Manager:
Schäfer
Real Estate GmbH
Christian-Schöck-Str. 41/3
D
74613 Öhringen
Legal
form: Private limited company
Share
capital: EUR 200,000.00
Registered
on: 15.09.2011
Reg.
data: 70190 Stuttgart, HRB 738750
21.06.2004 -
12.05.2014 TOBSTEEL GmbH
Kirschfeldstr. 23
D
74629 Pfedelbach
Private limited company
Main industrial sector
46743 Wholes of metal and plastic goods for
construction purposes
Payment experience: within
agreed terms
Negative information:We have no negative information at hand.
Balance sheet year: 2012
Type of ownership: Tenant
Address Rudolf-Diesel-Str. 8
D 74613 Öhringen
Land register documents
were not available.
SPARKASSE HOHENLOHEKREIS,
74629 PFEDELBACH
Sort. code: 62251550
BIC: SOLADES1KUN
Gross profit or loss:2012 EUR 4,487,265.00
Profit: 2012 EUR 1,028,410.00
Equipment: EUR 48,389.00
Ac/ts receivable: EUR 793,001.00
Liabilities: EUR 3,219,354.00
Employees: 31
Balance sheet ratios
01.01.2012 - 31.12.2012
Equity ratio [%]: 63.01
Liquidity ratio: 0.31
Return on total capital
[%]: 11.33
Balance sheet ratios
01.01.2011 - 31.12.2011
Equity ratio [%]: 55.03
Liquidity ratio: 0.13
Return on total capital
[%]: 13.14
Balance sheet ratios
01.01.2010 - 31.12.2010
Equity ratio [%]: 45.39
Liquidity ratio: 0.07
Return on total capital
[%]: 19.01
Balance sheet ratios
01.01.2009 - 31.12.2009
Equity ratio [%]: 40.11
Liquidity ratio: 0.19
Return on total capital
[%]: 15.40
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: 01.01.2012
- 31.12.2012
ASSETS EUR 9,083,513.91
Fixed assets
EUR 57,415.67
Intangible assets
EUR 9,027.00
Other / unspecified intangible assetsEUR 9,027.00
Tangible assets
EUR 48,388.67
Other tangible assets / fixtures and
fittings
EUR 48,388.67
Current assets
EUR 9,011,275.92
Stocks EUR 7,562,168.29
Finished goods / work in progress
EUR 7,241,544.40
Advance payments made
EUR 320,623.89
Accounts receivable
EUR 793,000.91
Trade debtors EUR 735,646.56
Other debtors and assets
EUR 57,354.35
Liquid means
EUR 656,106.72
Remaining other assets
EUR 14,822.32
Accruals (assets)
EUR 14,822.32
LIABILITIES EUR 9,083,513.91
Shareholders' equity
EUR 5,724,980.22
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR 5,699,980.22
Balance sheet profit / loss
EUR 5,699,980.22
Provisions
EUR 139,180.00
Other / unspecified provisions
EUR 139,180.00
Liabilities
EUR 3,219,353.69
Financial debts
EUR 1,500,825.86
Liabilities due to banks EUR 1,500,825.86
Other liabilities
EUR 1,718,527.83
Trade creditors (for IAS incl. bills
of exchange)
EUR 1,371,676.95
Unspecified other liabilities
EUR 346,850.88
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 4,487,264.89
Staff expenses
EUR 1,634,078.54
Wages and salaries EUR 1,354,225.14
Social security contributions and
expenses for pension plans and
benefits
EUR 279,853.40
Total depreciation
EUR 24,679.65
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 24,679.65
Other operating expenses
EUR 1,326,114.57
Operating result from continuing
operations EUR 1,502,392.13
Interest result (+/-)
EUR -65,802.39
Interest and similar income
EUR 15,796.36
Interest and similar expenses
EUR 81,598.75
Financial
result (+/-) EUR -65,802.39
Result from ordinary operations (+/-)
EUR 1,436,589.74
Income tax / refund of income tax (+/-)EUR -405,941.57
Other taxes / refund of taxes
EUR -2,238.13
Tax
(+/-)
EUR -408,179.70
Annual surplus / annual deficit
EUR 1,028,410.04
Type of balance sheet: Company
balance sheet
Financial year: 01.01.2011
- 31.12.2011
ASSETS EUR 8,528,997.58
Fixed assets
EUR 40,755.67
Intangible assets
EUR 13,309.00
Other / unspecified intangible assetsEUR 13,309.00
Tangible assets
EUR 27,446.67
Other / unspecified tangible assets
EUR 27,446.67
Current assets
EUR 8,458,927.42
Stocks
EUR 7,569,013.68
Accounts receivable
EUR 405,237.57
Other debtors and assets
EUR 405,237.57
Liquid means
EUR 484,676.17
Remaining other assets EUR 29,314.49
Accruals (assets)
EUR 29,314.49
LIABILITIES EUR 8,528,997.58
Shareholders' equity
EUR 4,696,570.18
Capital EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR 4,671,570.18
Balance sheet profit / loss
EUR 4,671,570.18
Provisions
EUR 110,594.00
Liabilities
EUR 3,721,833.40
Financial debts
EUR 1,825,208.60
Liabilities due to banks
EUR 1,825,208.60
Other liabilities
EUR 1,896,624.80
Unspecified other liabilities
EUR 1,896,624.80
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 4,194,623.15
Staff expenses
EUR 1,390,087.86
Wages and salaries
EUR 1,147,927.77
Social security contributions and
expenses for pension plans and
benefits EUR 242,160.09
Total depreciation
EUR 18,607.38
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 18,607.38
Other operating expenses
EUR 1,107,084.90
Operating result from continuing
operations
EUR 1,678,843.01
Interest result (+/-)
EUR -112,145.09
Interest and similar income
EUR 1,469.89
Interest and similar expenses
EUR 113,614.98
Financial result (+/-)
EUR -112,145.09
Result from ordinary operations (+/-)
EUR 1,566,697.92
Income
tax / refund of income tax (+/-)EUR
-445,487.87
Other taxes / refund of taxes
EUR -1,714.41
Tax
(+/-)
EUR -447,202.28
Annual surplus / annual deficit
EUR 1,119,495.64
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.06 |
|
|
1 |
Rs.101.84 |
|
Euro |
1 |
Rs.81.56 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NIT |
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.