|
Report Date : |
17.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
DEXTRA
STAHL GMBH |
|
|
|
|
Registered Office : |
Lindenstr.
3-5 D 41515 Grevenbroich |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
14.11.2000 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
Wholesale
of iron ores, iron, steel and iron and steel semi-finished goods |
|
|
|
|
No. of Employees : |
04 |
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 |
DEXTRA STAHL GMBH
Company Status: active
Lindenstr. 3-5
D 41515 Grevenbroich
Telephone:02181/2339286
Telefax: 02181/2339289
Homepage: www.dextrastahl.de
E-mail: info@dextrastahl.de
VAT no.: DE813285939
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 14.11.2000
Shareholders'
agreement: 14.11.2000
Registered on: 20.12.2000
Commercial Register: Local court 41061 Mönchengladbach
under: HRB
7983
Share capital: EUR 25,000.00
Shareholder:
Quintum GmbH
Lindenstr. 3-5
D 41515 Grevenbroich
Legal form: Private
limited company
Share capital: EUR 51,000.00
Share: EUR 25,000.00
Registered on: 09.11.2000
Reg. data: 41061
Mönchengladbach, HRB 7977
Control and profit
transfer agreement
Manager:
Halina Janas-Skrotzki
Auf der Artwick 2
D 41515 Grevenbroich
having sole power of
representation
born: 23.01.1957
née: Janas
Profession: Businessman
Marital status: married
Manager:
Erwin G. Vogel
Hermann-Lickfeld-Str. 5
D 45478 Mülheim
born: 14.07.1946
Profession: Businessman
Marital status: married
Further functions/participations of Halina
Janas-Skrotzki
(Manager)
Shareholder:
Quintum GmbH
Lindenstr. 3-5
D 41515 Grevenbroich
Legal form: Private limited company
Share capital: EUR 51,000.00
Share: EUR 33,000.00
Registered
on: 09.11.2000
Reg. data: 41061 Mönchengladbach, HRB 7977
Manager:
Liberty Steel &
Services GmbH
Lindenstr. 3-5
D 41515 Grevenbroich
Legal form: Private limited
company
Share capital: EUR 26,000.00
Registered
on: 15.02.1994
Reg. data: 41061 Mönchengladbach, HRB 7664
Manager:
NSC Nail Service Center GmbH
Schaumbergstr. 10
D 95032 Hof
Legal form: Private
limited company
Share capital: EUR 26,000.00
Registered
on: 30.01.1989
Reg. data: 95030 Hof, HRB 1435
Manager:
Dominion GmbH
Ernst-Reuter-Str. 7
D 51427 Bergisch Gladbach
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 19.12.2000
Reg. data: 50939 Köln, HRB 47413
Manager:
Quintum GmbH
Lindenstr. 3-5
D 41515 Grevenbroich
Legal form: Private
limited company
Share capital: EUR 51,000.00
Registered
on: 09.11.2000
Reg. data: 41061 Mönchengladbach, HRB 7977
Further functions/participations of Erwin G.
Vogel (Manager)
Proprietor:
Erwin G. Vogel
Hermann-Lickfeld-Str. 5
D 45478 Mülheim
Legal form: Unregistered
commercial
enterprise
14.11.2000 - 06.04.2001 Multiplex Vertriebsgesellschaft mbH
Noithausener Str. 9
D 41515 Grevenbroich
Private limited
company
06.04.2001 - 09.03.2006 Multiplex Vertriebsgesellschaft mbH
Lindenstr. 3-5
D 41515 Grevenbroich
Private limited
company
Main industrial sector
46721
Wholesale of iron ores, iron, steel and iron and steel semi-finished
goods
Payment experience: within
agreed terms
Negative
information: We have no negative
information at hand.
Balance sheet year: 2012
Type of ownership: Tenant
Address Lindenstr.
3-5
D 41515 Grevenbroich
Real Estate of: Halina
Janas-Skrotzki
Type of ownership: unknown
Address Auf
der Artwick 2
D 41515 Grevenbroich
Land register documents were not available.
DEUTSCHE BANK PRIVAT UND GESCHÄFTSKUNDEN,
50587 KÖLN
Sort. code: 37070024
BIC: DEUTDEDBKOE
Gross profit or
loss:2012 EUR 824,963.00
Profit: 2012 EUR -163,242.00
Equipment: EUR 36,511.00
Ac/ts receivable: EUR 1,688,206.00
Liabilities: EUR 3,703,470.00
Employees:
4
Control and profit transfer agreement to:
Quintum GmbH
Lindenstr. 3-5
D 41515 Grevenbroich
Balance sheet ratios
01.01.2012 - 31.12.2012
Equity ratio [%]: 0.56
Liquidity ratio: 0.46
Return on total capital
[%]: -4.25
Balance sheet ratios
01.01.2011 - 31.12.2011
Equity ratio [%]: 0.13
Liquidity ratio: 0.57
Return on total capital
[%]: 8.75
Balance sheet ratios
01.01.2010 - 31.12.2010
Equity ratio [%]: 0.14
Liquidity ratio: 0.80
Return on total capital
[%]: 10.05
Balance sheet ratios
01.01.2009 - 31.12.2009
Equity ratio [%]: 0.23
Liquidity ratio: 0.37
Return on total capital
[%]: 3.57
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 3,846,451.05
Fixed assets EUR 43,163.00
Intangible assets EUR 6,652.50
Other / unspecified
intangible assetsEUR
6,652.50
Tangible assets EUR 36,510.50
Other tangible assets /
fixtures and
fittings EUR 36,510.50
Current assets EUR 3,803,288.05
Stocks EUR 2,089,925.10
Accounts receivable EUR 1,688,205.58
Other debtors and
assets EUR 1,688,205.58
Liquid means EUR 25,157.37
LIABILITIES EUR 3,846,451.05
Shareholders' equity EUR 25,000.00
Capital EUR 25,000.00
Subscribed capital
(share capital) EUR 25,000.00
Provisions EUR 117,981.28
Liabilities EUR 3,703,469.77
Other liabilities EUR 3,703,469.77
Liabililties due to
related companiesEUR
3,599,473.37
Unspecified other
liabilities EUR 103,996.40
PROFIT AND LOSS ACCOUNT
(cost-summary method) according to Comm.
Code (HGB)
Gross result (+/-) EUR 824,963.34
Staff expenses EUR 405,823.27
Wages and salaries EUR 361,827.14
Social security
contributions and
expenses for pension
plans and
benefits EUR 43,996.13
Total depreciation EUR 11,874.09
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 11,874.09
Other operating
expenses EUR 275,578.06
Operating result from
continuing
operations EUR 131,687.92
Interest result (+/-) EUR -294,681.51
Interest and similar
income EUR 27,865.30
Interest and similar
expenses EUR 322,546.81
thereof paid to related
companies EUR 301,398.82
Financial result
(+/-) EUR -294,681.51
Result from ordinary
operations (+/-) EUR -162,993.59
Income from assumption of
loss by
parent company EUR
163,241.59
Other taxes / refund of
taxes EUR -248.00
Tax (+/-) EUR -248.00
Annual surplus / annual
deficit EUR 0.00
TYPE OF BALANCE SHEET:
COMPANY BALANCE SHEET
FINANCIAL YEAR: 01.01.2011
- 31.12.2011
ASSETS EUR 18,068,504.97
Fixed assets EUR 48,926.50
Intangible assets EUR 4,833.50
Other / unspecified
intangible assetsEUR
4,833.50
Tangible assets EUR 44,093.00
Other tangible assets /
fixtures and
fittings EUR 44,093.00
Current assets EUR 18,019,578.47
Stocks EUR 7,999,631.23
Accounts receivable EUR 9,985,562.27
Other debtors and
assets EUR
9,985,562.27
Liquid means EUR 34,384.97
LIABILITIES EUR 18,068,504.97
Shareholders' equity EUR 25,000.00
Capital EUR 25,000.00
Subscribed capital
(share capital) EUR 25,000.00
Provisions EUR 396,661.72
Liabilities EUR 17,646,843.25
Financial debts EUR 2,321,992.73
Liabilities due to
banks EUR 2,321,992.73
Other liabilities EUR 15,324,850.52
Liabililties due to
related companiesEUR
11,873,906.90
Unspecified other liabilities EUR 3,450,943.62
PROFIT AND LOSS ACCOUNT
(cost-summary method) according to Comm.
Code (HGB)
Gross result (+/-) EUR 3,144,559.63
Staff expenses EUR 611,607.91
Wages and salaries EUR 548,803.35
Social security
contributions and
expenses for pension
plans and
benefits EUR 62,804.56
Total depreciation EUR 9,415.85
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 9,415.85
Other operating
expenses EUR 476,316.27
Operating result from
continuing
operations EUR 2,047,219.60
Interest result (+/-) EUR -465,579.15
Interest and similar
expenses EUR 465,579.15
thereof paid to related
companies EUR 437,318.29
Financial result
(+/-) EUR -465,579.15
Result from ordinary
operations (+/-) EUR 1,581,640.45
Expenses for transfer of
profits to a
parent company EUR
1,581,304.45
Other taxes / refund of
taxes EUR -336.00
Tax (+/-) EUR -336.00
Annual surplus / annual
deficit EUR 0.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.41 |
|
|
1 |
Rs.99.31 |
|
Euro |
1 |
Rs.79.00 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.