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Report Date : |
30.01.2014 |
IDENTIFICATION DETAILS
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Name : |
D-I DAVIT INTERNATIONAL GMBH |
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Registered Office : |
Sandstr. 20, D 27232 Sulingen, Post Box 15 66, D 27226 Sulingen |
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Country : |
Germany |
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Financials (as on) : |
31.12.2011 |
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Year of Establishments: |
1985 |
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Com. Reg. No.: |
HRB 100444 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
supplier of life-saving equipment, lifting appliances
and complete life-saving packages for the civil, commercial, military and
special shipbuilding. |
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No. of Employees : |
31 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
|
With Financials |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 |
d-i davit international gmbh
Sandstr. 20
D 27232 Sulingen
Post Box:
15 66, D 27226 Sulingen
Telephone: 04271/9327-0
Telefax: 04271/9327-27
Homepage: www.davit-international.de
E-mail: info@davit-international.de
active
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 1985
Shareholders'
agreement: 02.12.1985
Registered on: 15.04.1986
Commercial Register: Local
court 29664 Walsrode
under: HRB 100444
Share capital:
EUR 721,000.00
Fritz Hische
Kieler Str. 16
D 28844 Weyhe
born: 14.12.1940
Share: EUR 412,000.00
Shareholder:
Joachim Wiese
D 27232 Sulingen
born:
29.04.1969
Share: EUR 85,900.00
Shareholder:
Zdenko
Budjo
D
27232 Sulingen
born:
09.12.1962
Share: EUR 85,800.00
Shareholder:
Dipl.-Ing. Ulrich Stabenow
D
28857 Syke
born:
10.09.1949
Share: EUR 85,800.00
Shareholder:
hische
GmbH stahlbau und industrieanlagenbau
Berliner Str. 75
D
27232 Sulingen
Legal
form: Private limited company
Share
capital: EUR 1,000,000.00
Share: EUR 51,500.00
Registered on: 06.08.2012
Reg.
data: 29664 Walsrode, HRB 203844
Fritz Hische
Kieler Str. 16
D 28844 Weyhe
born: 14.12.1940
Profession: graduate engineer
Marital status: married
Manager:
Dipl.-Ing. Ulrich Stabenow
D
28857 Syke
having
sole power of representation
born:
10.09.1949
Zdenko Budjo
D 27232 Sulingen
authorized to jointly represent the company
born: 09.12.1962
Proxy:
Joachim Wiese
D
27232 Sulingen
authorized to jointly represent the company
born:
29.04.1969
Further
functions/participations of Fritz Hische (Manager)
Shareholder:
hische
GmbH stahlbau und industrieanlagenbau
Berliner Str. 75
D
27232 Sulingen
Legal
form: Private limited company
Share
capital: EUR 1,000,000.00
Share: EUR 250,000.00
Registered
on:
06.08.2012
Reg.
data: 29664 Walsrode, HRB 203844
Manager:
hische
GmbH stahlbau und industrieanlagenbau
Berliner Str. 75
D
27232 Sulingen
Legal form: Private limited company
Share
capital: EUR 1,000,000.00
Registered
on: 06.08.2012
Reg.
data: 29664 Walsrode, HRB 203844
15.04.1986 - 1996 davit international-Projektierung und
Herstellung von
davit-Anlagen-
Berliner Str. 73-75
D 27232 Sulingen
Private limited
company
1996 - 27.05.1999 davit international-Projektierung und
Herstellung von
davit-Anlagen-
Sandstr. 20
D 27232 Sulingen
Private limited
company
supplier of life-saving equipment, lifting appliances
and complete life-saving packages for the civil, commercial, military and
special shipbuilding.
Payment experience: within
agreed terms
Negative information: We
have no negative information at hand.
Balance sheet year: 2011
Type of ownership: Tenant
Address Sandstr. 20
D 27232 Sulingen
Land register documents were not available.
Principal bank
VOLKSBANK SULINGEN, SULINGEN
Sort. code: 25691633, BIC: GENODEF1SUL
Further banks
COMMERZBANK, DIEPHOLZ
Sort. code: 25641302, BIC: COBADEFF256
DEUTSCHE BANK, BREMEN
Sort. code: 29070050, BIC: DEUTDEHBXXX
Gross profit or loss:2012 EUR 4,500,000.00
Equipment: EUR 48,151.00
Ac/ts receivable: EUR 1,230,232.00
Liabilities: EUR 2,755,690.00
Employees:
31
-
thereof permanent staff: 31
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 60.54
Liquidity ratio: 10.00
Return on total capital [%]: 11.94
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 50.88
Liquidity ratio: 10.00
Return on total capital [%]: 1.14
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 67.56
Liquidity ratio: 10.00
Return on total capital [%]: 24.48
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 42.71
Liquidity ratio: 3.32
Return on total capital [%]: 2.98
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 7,871,205.25
Fixed assets
EUR 1,335,715.24
Intangible assets
EUR 6,637.00
Other / unspecified intangible assetsEUR 6,637.00
Tangible assets
EUR 1,319,658.71
Land / similar rights
EUR 120,460.16
Other tangible assets / fixtures and
fittings
EUR 48,150.50
Advance payments made / construction
in progress
EUR 1,151,048.05
Financial assets
EUR 9,419.53
Other / unspecified financial assets EUR 9,419.53
Current assets
EUR 6,530,282.01
Stocks
EUR 445,953.51
Other / unspecified stocks
EUR 445,953.51
Received advance payments for orders
(depreciated on the assets side)
EUR -5,352,185.62
Accounts receivable
EUR 1,230,231.83
Other debtors and assets
EUR 1,230,231.83
Liquid means
EUR 4,854,096.67
Remaining other assets
EUR 5,208.00
Accruals (assets)
EUR 5,208.00
LIABILITIES EUR 7,871,205.25
Shareholders' equity
EUR 4,766,691.60
Capital
EUR 721,000.00
Subscribed capital (share capital)
EUR 721,000.00
Reserves
EUR 351,717.36
Retained earnings / revenue reserves EUR 351,717.36
Balance sheet profit/loss (+/-)
EUR 3,693,974.24
Balance sheet profit / loss
EUR 3,693,974.24
Provisions
EUR 348,823.25
Liabilities
EUR 2,755,690.40
Financial debts
EUR 1,755,000.00
Liabilities due to banks
EUR 1,755,000.00
Other liabilities EUR 1,000,690.40
Liabilities due to investee companiesEUR 113,942.22
Unspecified other liabilities
EUR 886,748.18
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 4,418,278.32
Staff expenses
EUR 1,967,425.09
Wages and salaries
EUR 1,690,829.55
Social security contributions and
expenses for pension plans and
benefits
EUR 276,595.54
Total depreciation
EUR 43,852.26
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 43,852.26
Other operating expenses
EUR 1,127,398.92
Operating result from continuing
operations
EUR 1,279,602.05
Interest result (+/-)
EUR 29,256.24
Interest and similar income
EUR 38,226.24
Interest and similar expenses
EUR 8,970.00
Financial result (+/-)
EUR 29,256.24
Result from ordinary operations (+/-)
EUR 1,308,858.29
Income tax / refund of income tax (+/-)EUR -367,812.38
Other taxes / refund of taxes
EUR -1,411.11
Tax
(+/-)
EUR -369,223.49
Annual surplus / annual deficit
EUR 939,634.80
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 7,514,725.12
Fixed assets
EUR 266,878.24
Intangible assets
EUR 14,772.50
Other / unspecified intangible assetsEUR 14,772.50
Tangible assets
EUR 194,107.69
Other / unspecified tangible assets
EUR 194,107.69
Financial assets
EUR 57,998.05
Other / unspecified financial assets EUR 57,998.05
Current assets
EUR 7,245,142.88
Stocks EUR 137,663.97
Other / unspecified stocks
EUR 137,663.97
Received advance payments for orders
(depreciated on the assets side)
EUR -345,290.26
Accounts receivable EUR 2,550,222.02
Other debtors and assets
EUR 2,550,222.02
Liquid means
EUR 4,557,256.89
Remaining other assets
EUR 2,704.00
Accruals (assets)
EUR 2,704.00
LIABILITIES EUR 7,514,725.12
Shareholders' equity
EUR 3,827,056.80
Capital
EUR 721,000.00
Subscribed capital (share capital)
EUR 721,000.00
Reserves
EUR 272,967.80
Retained earnings / revenue reserves EUR 272,967.80
Balance sheet profit/loss (+/-)
EUR 2,833,089.00
Balance sheet profit / loss
EUR 2,833,089.00
Provisions
EUR 522,632.50
Liabilities
EUR 3,165,035.82
Other liabilities
EUR 3,165,035.82
Unspecified other liabilities
EUR 3,165,035.82
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.20 |
|
UK Pound |
1 |
Rs.103.12 |
|
Euro |
1 |
Rs.84.96 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.