MIRA INFORM REPORT

 

 

Report Date :

15.12.2014

 

IDENTIFICATION DETAILS

 

Name :

RIBA EDELSTAHL HANDELSGESELLSCHAFT MBH

 

 

Registered Office :

Ziethenstr. 10, D 22041 Hamburg

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

1982

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

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

 

 

No of Employees :

18

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

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 – September 30, 2014

 

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

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, 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

COMPANY NAME & address

 

RIBA EDELSTAHL HANDELSGESELLSCHAFT MBH

 

 Company Status:         active

                                    Ziethenstr. 10

                                    D 22041 Hamburg

                                    Telephone:040/656865-0

                                    Telefax:  040/658665-35

                                    Homepage: www.riba-edelstahl.de

                                    E-mail:   info@riba-edelstahl.de

 

 VAT no.:                      DE118698669

 Tax ID number:             51/754/00100

 

 

CONCLUSION

 

 Business relations are permissible.

 

 

 LEGAL FORM           Private limited company

 Date of foundation:  1982

 Shareholders'

 agreement:             01.09.1982

 Registered on:        07.12.1982

 Commercial Register: Local court 20355 Hamburg

 under:               HRB 30162

 

 Share capital:                          EUR            500,000.00

 

 Shareholder:

                      Hans-Ulrich August Herbert Hribar

                      Dorotheenstr. 13

                      D 22301 Hamburg

                      born: 08.08.1951

                      Share:             EUR            500,000.00

 Manager:

                      Hans-Ulrich August Herbert Hribar

                      Dorotheenstr. 13

                      D 22301 Hamburg

                      having sole power of representation

                      born: 08.08.1951

                      Profession: Businessman

 

 

 BUSINESS ACTIVITIES

 

 Main industrial sector

 46721   Wholesale of iron ores, iron, steel and iron and steel semi-finished goods

 

 Payment experience:  within periods customary in this trade

 

 Negative information:We have no negative information at hand.

 

 

REAL ESTATE

 

 Type of ownership:       Tenant

 Address                       Ziethenstr. 10

                                    D 22041 Hamburg

 

 Land register documents were not available.

 

 

BANKERS

 

 HAMBURGER SPARKASSE, 20454 HAMBURG

 Sort. code: 20050550, Account no.: 1261139602

 BIC: HASPDEHHXXX, IBAN: DE60200505501261139602

 UNICREDIT BANK - HYPOVEREINSBANK, 20454 HAMBURG

 Sort. code: 20030000

 BIC: HYVEDEMM300, IBAN: DE60200505501261139602

 

 

FINANCIAL FIGURES

 

 Turnover:                     2013                  *EUR          5,400,000.00

 Profit:                                      2012                  EUR           -204,274.00

                                    2013                 EUR            142,721.00

 further business figures:

 Equipment:                                          *EUR            126,000.00

 Ac/ts receivable:                                              EUR            406,932.00

 Liabilities:                                            EUR          2,688,770.00

 Total numbers of vehicles:                                                      8

 - Lorries:                                                                                4

 - Passenger cars:                                                                               4

 Employees:                                                                                     18

 - thereof permanent staff:                                                                 18

 

 The business figures marked with an asterisk are estimates based

  on average values in the line of business.

 

 

BALANCE SHEETS

 

 Balance sheet ratios 01.01.2013 - 31.12.2013

 Equity ratio [%]:                 28.24

 Liquidity ratio:                   0.16

 Return on total capital [%]:       3.44

 

 Balance sheet ratios 01.01.2012 - 31.12.2012

 Equity ratio [%]:                 27.28

 Liquidity ratio:                   0.20

 Return on total capital [%]:      -4.00

 

 Balance sheet ratios 01.01.2011 - 31.12.2011

 Equity ratio [%]:                 25.25

 Liquidity ratio:                   0.17

 Return on total capital [%]:       0.94

 

 Balance sheet ratios 01.01.2010 - 31.12.2010

 Equity ratio [%]:                 29.48

 Liquidity ratio:                   0.23

 Return on total capital [%]:       2.07

 

 

 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.

Financial data

 

 TYPE OF BALANCE SHEET:               COMPANY BALANCE SHEET

 

 Financial year:      01.01.2013 - 31.12.2013

 

 ASSETS                                  EUR          4,152,544.92

  Fixed assets                           EUR            202,874.00

   Tangible assets                       EUR            202,874.00

  Current assets                         EUR          3,949,085.25

   Stocks                                EUR          3,407,801.00

   Accounts receivable                   EUR            406,932.17

   Liquid means                          EUR            134,352.08

  Remaining other assets                 EUR                585.67

   Accruals (assets)                     EUR                585.67

 

 LIABILITIES                             EUR          4,152,544.92

  Shareholders' equity                   EUR          1,172,781.52

   Capital                               EUR            500,000.00

    Subscribed capital (share capital)   EUR            500,000.00

   Balance sheet profit/loss (+/-)       EUR            672,781.52

    Profit / loss brought forward        EUR            530,060.60

    Annual surplus / annual deficit      EUR            142,720.92

  Provisions                             EUR            290,993.36

  Liabilities                            EUR          2,688,770.04

 

 Type of balance sheet:               Company balance sheet

 

 Financial year:      01.01.2012 - 31.12.2012

 

 ASSETS                                  EUR          5,103,008.67

  Fixed assets                           EUR            262,484.64

   Tangible assets                       EUR            262,484.64

    Other / unspecified tangible assets  EUR            262,484.64

  Current assets                         EUR          4,837,300.44

   Stocks                                EUR          3,960,125.00

   Accounts receivable                   EUR            610,525.10

    Other debtors and assets             EUR            610,525.10

   Liquid means                          EUR            266,650.34

  Remaining other assets                 EUR              3,223.59

   Accruals (assets)                     EUR              3,223.59

 

 LIABILITIES                             EUR          5,103,008.67

  Shareholders' equity                   EUR          1,042,235.50

   Capital                               EUR            500,000.00

    Subscribed capital (share capital)   EUR            500,000.00

   Balance sheet profit/loss (+/-)       EUR            542,235.50

    Profit / loss brought forward        EUR            746,509.69

    Annual surplus / annual deficit      EUR           -204,274.19

  Provisions                             EUR            337,660.00

  Liabilities                            EUR          3,723,113.17

   Other liabilities                     EUR          3,723,113.17

    Unspecified other liabilities        EUR          3,723,113.17

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.62.44

UK Pound

1

Rs.98.15

Euro

1

Rs.77.38

 

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

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%)

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.