|
Report Date : |
08.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
TM
RECYCLING GMBH |
|
|
|
|
Registered Office : |
Böternhöfen 13 D 24594 Hohenwestedt |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
25.03.2009 |
|
|
|
|
Legal Form : |
Private
Limited Company |
|
|
|
|
Line of Business : |
Wholesale of waste and scrap |
|
|
|
|
No. of Employees : |
50 |
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 |
|
Payment Behaviour : |
No complaints |
|
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, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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 |
TM RECYCLING GMBH
Company Status: active
Böternhöfen 13
D 24594 Hohenwestedt
Telephone:04871/70800
Telefax: 04871/708155
Homepage: www.tm-recycling.com
E-mail: info@tm-recycling.com
VAT no.: DE264172100
Tax ID number: 19
298 00558
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 25.03.2009
Begin of business
activities: 25.03.2009
Shareholders'
agreement: 25.03.2009
Registered on: 29.05.2009
Commercial Register: Local court 24114 Kiel
under: HRB
10811 KI
Share capital: EUR 250,000.00
Shareholder:
Andreas Mensing
Dorfstr. 2
D 24790 Rade
born: 09.08.1968
Share: EUR 125,000.00
Shareholder:
Christian Mensing
Tilsiter Str. 16b
D 24539 Neumünster
born: 26.06.1972
Share: EUR 125,000.00
Manager:
Andreas Michael Konopko
Hainholzweg 81
D 21077 Hamburg
having sole power of
representation
born: 25.09.1966
Profession: Businessman
Marital status: unknown
Manager:
Andreas Mensing
Dorfstr. 2
D 24790 Rade
having sole power of
representation
born: 09.08.1968
Profession: Businessman
Manager:
Christian Mensing
Tilsiter Str. 16b
D 24539 Neumünster
having sole power of
representation
born: 26.06.1972
Profession: Businessman
Marital status: single
Further functions/participations of Andreas
Michael Konopko
(Manager)
Manager:
AFA Nord GmbH
Agrarfolienaufbereitung
Böternhöfen 13
D 24594 Hohenwestedt
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 30.12.2009
Reg. data: 24114 Kiel, HRB 11420 KI
Further functions/participations of Andreas
Mensing (Manager)
Proprietor:
Andreas Mensing e. K.
Dorfstr. 2
D 24594 Rade
Legal form: Sole
proprietorship
Registered
on: 04.04.2011
Reg. data: 24114 Kiel, HRA 7403 KI
Shareholder:
PFR Nord GmbH PET
Flaschen Recycling
Böternhöfen 13
D 24594 Hohenwestedt
Legal form: Private
limited company
Share capital: EUR 100,000.00
Share: EUR 100,000.00
Registered
on: 28.09.2011
Reg. data: 24114 Kiel, HRB 13268 KI
Shareholder:
AM Verwaltungs GmbH
Dorfstr. 2
D 24594 Rade
Legal form: Private
limited company
Share capital: EUR
25,000.00
Share: EUR 25,000.00
Registered
on: 21.06.2002
Reg. data: 24114 Kiel, HRB 10063 KI
Shareholder:
AFA Nord GmbH Agrarfolienaufbereitung
Böternhöfen 13
D 24594 Hohenwestedt
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 23,500.00
Registered
on: 30.12.2009
Reg. data: 24114 Kiel, HRB 11420 KI
Manager:
AM Verwaltungs GmbH
Dorfstr. 2
D 24594 Rade
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 21.06.2002
Reg. data: 24114 Kiel, HRB 10063 KI
Manager:
AFA Nord GmbH
Agrarfolienaufbereitung
Böternhöfen 13
D 24594 Hohenwestedt
Legal form: Private limited
company
Share capital: EUR 25,000.00
Registered
on: 30.12.2009
Reg. data: 24114 Kiel, HRB 11420 KI
Manager:
PFR Nord GmbH PET
Flaschen Recycling
Böternhöfen 13
D 24594 Hohenwestedt
Legal form: Private
limited company
Share capital: EUR 100,000.00
Registered
on: 28.09.2011
Reg. data: 24114 Kiel, HRB 13268 KI
Further functions/participations of Christian
Mensing (Manager)
Shareholder:
KGH
Kunststoffgesellschaft mbH
Böternhöfen 13
D 24594 Hohenwestedt
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 08.11.2013
Reg. data: 24114 Kiel, HRB 15276 KI
Shareholder:
AFA Nord GmbH
Agrarfolienaufbereitung
Böternhöfen 13
D 24594 Hohenwestedt
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 1,500.00
Registered
on: 30.12.2009
Reg. data: 24114 Kiel, HRB 11420 KI
Manager:
AFA Nord GmbH
Agrarfolienaufbereitung
Böternhöfen 13
D 24594 Hohenwestedt
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 30.12.2009
Reg. data: 24114 Kiel, HRB 11420 KI
Manager:
PFR Nord GmbH PET
Flaschen Recycling
Böternhöfen 13
D 24594 Hohenwestedt
Legal form: Private
limited company
Share capital: EUR 100,000.00
Registered
on: 28.09.2011
Reg. data: 24114 Kiel, HRB 13268 KI
Manager:
KGH
Kunststoffgesellschaft mbH
Böternhöfen 13
D 24594 Hohenwestedt
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 08.11.2013
Reg. data: 24114 Kiel, HRB 15276 KI
25.03.2009 - 15.03.2010 TM Recycling GmbH
Kieler Str. 560
D 24536 Neumünster
Private limited
company
16.03.2010 - 28.02.2011 TM Recycling GmbH
Am Aalberg 1-4
D 24644 Loop
Private limited
company
Main industrial sector
46770 Wholesale
of waste and scrap
Secondary industrial sector
49410
Freight transport by road
64200 Activities of holding companies
7010 Activities of head offices
Payment
experience: within agreed terms
Negative information:We have no negative
information at hand.
BALANCE SHEET YEAR: 2012
Type of ownership: Tenant
Address Böternhöfen
13
D 24594 Hohenwestedt
Real Estate of: Andreas
Mensing
Type of ownership: proprietor
Share: 100.00 %
Address Dorfstr. 2
D 24790 Rade
Type of real estate: detached single-family house
Real Estate of: Christian
Mensing
Type of ownership: proprietor
Share: 100.00 %
Address Tilsiter
Str. 16b
D 24539 Neumünster
Type of real estate: detached single-family
house
Land register documents were not available.
COMMERZBANK, KIEL
Sort. code: 21040010, BIC: COBADEFF210
SPARKASSE SÜDHOLSTEIN, NEUMÜNSTER, HOLST
Sort. code: 23051030, BIC: NOLADE21SHO
Turnover: 2012 *EUR 10,416,500.00
2013
*EUR 10,416,500.00
Profit:
2012
EUR 217,903.00
further business figures:
Equipment: *EUR
733,000.00
Ac/ts receivable: EUR
2,913,574.00
Liabilities: EUR 4,276,776.00
Employees:
50
The business figures marked with an asterisk
are estimates based
on average values in the line of business.
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 26.14
Liquidity ratio: 1.04
Return on total capital [%]: 4.21
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 18.85
Liquidity ratio: 0.83
Return on total capital [%]: 1.18
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 14.47
Liquidity ratio: 0.98
Return on total capital [%]: 2.26
Balance sheet ratios 25.03.2009 - 31.12.2009
Equity ratio [%]: 20.36
Liquidity ratio: 1.09
Return on total capital [%]: 2.25
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
5,228,029.86
Fixed assets EUR 311,794.00
Tangible assets EUR
311,794.00
Other / unspecified tangible assets EUR 311,794.00
Current assets EUR 4,891,897.51
Stocks EUR
1,198,800.00
Accounts receivable EUR 2,913,574.06
Other debtors and assets EUR 2,913,574.06
Liquid means
EUR
779,523.45
Remaining other assets EUR
24,338.35
Accruals (assets) EUR
11,371.32
Deferred taxes (assets) EUR 12,967.03
LIABILITIES EUR
5,228,029.86
Shareholders' equity EUR
666,366.44
Capital EUR 250,000.00
Subscribed capital (share capital) EUR 250,000.00
Balance sheet profit/loss (+/-) EUR 416,366.44
Profit / loss brought forward EUR 198,463.79
Annual surplus / annual deficit EUR 217,902.65
Provisions EUR 284,887.18
Liabilities EUR 4,276,776.24
Other liabilities EUR 4,276,776.24
Unspecified other liabilities EUR 4,276,776.24
Guarantees and other commitments EUR 2,761,000.00
Sureties / lendings of
creditworthiness EUR
11,000.00
Liability from creation of a security
interest for third parties EUR 2,750,000.00
TYPE OF BALANCE SHEET: COMPANY BALANCE SHEET
FINANCIAL YEAR: 01.01.2011 - 31.12.2011
ASSETS EUR 5,660,312.14
Fixed
assets EUR
393,103.00
Tangible
assets EUR 393,103.00
Other / unspecified
tangible assets EUR
393,103.00
Current
assets EUR 5,249,837.90
Stocks EUR
1,580,000.00
Other /
unspecified stocks EUR 1,580,000.00
Accounts
receivable EUR 3,422,137.50
Other
debtors and assets EUR 3,422,137.50
Liquid
means EUR 247,700.40
Remaining
other assets EUR 17,371.24
Accruals
(assets) EUR 12,500.68
Deferred
taxes (assets) EUR 4,870.56
LIABILITIES EUR 5,660,312.14
Shareholders'
equity EUR 448,463.79
Capital EUR 250,000.00
Subscribed
capital (share capital) EUR 250,000.00
Balance
sheet profit/loss (+/-) EUR 198,463.79
Profit /
loss brought forward EUR 131,808.80
Annual
surplus / annual deficit EUR 66,654.99
Provisions EUR
240,137.27
Other /
unspecified provisions EUR 240,137.27
Liabilities EUR 4,971,711.08
Other
liabilities EUR 4,971,711.08
Unspecified
other liabilities EUR 4,971,711.08
Guarantees
and other commitments EUR 3,607,500.00
Guarantees
/ warranties EUR 2,750,000.00
Sureties /
lendings of
creditworthiness EUR
20,000.00
Other
guarantees and other
Commitments EUR 837,500.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.38 |
|
|
1 |
Rs.102.25 |
|
Euro |
1 |
Rs.84.97 |
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.