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Report Date : |
25.07.2014 |
IDENTIFICATION DETAILS
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Name : |
RIBA EDELSTAHL
HANDELSGESELLSCHAFT MBH |
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Registered Office : |
Ziethenstr. 10,
D 22041 |
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Country : |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
07.12.1982 |
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Com. Reg. No.: |
HRB 30162 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesaler of
Iron Ores, Iron, Steel & Steel Semi-Finished Goods |
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No of Employees : |
18 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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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 |
Riba Edelstahl Handelsgesellschaft mbH
Ziethenstr. 10
D 22041 Hamburg
Telephone: 040/656865-0
Telefax: 040/658665-35
Homepage: www.riba-edelstahl.de
E-mail: info@riba-edelstahl.de
DE118698669
51/754/00100
active
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
Hans-Ulrich Hribar
Dorotheenstr. 13
D 22301 Hamburg
born: 08.08.1951
Share: EUR 500,000.00
Hans-Ulrich Hribar
Dorotheenstr. 13
D 22301 Hamburg
having sole power
of representation
born: 08.08.1951
Profession:
Businessman
Main industrial
sector
46721 Wholesaler of Iron Ores, Iron, Steel &
Steel Semi-Finished Goods
Payment experience: cash discount/within agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2013
Type of ownership: Tenant
Address Ziethenstr.
10
D 22041 Hamburg
Land register documents were not available.
HAMBURGER SPARKASSE, 20454 HAMBURG
Sort. code: 20050550, Account no.: 1261139602
BIC: HASPDEHHXXX, IBAN: DE60200505501261139602
UNICREDIT BANK - HYPOVEREINSBANK, 20454
HAMBURG
Sort. code: 20030000, Account no.: 154980
BIC: HYVEDEMM300, IBAN: DE60200505501261139602
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 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.
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.60.00 |
|
UK Pound |
1 |
Rs.102.19 |
|
Euro |
1 |
Rs.80.68 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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-- |
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.