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Report Date : |
11.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
OSTHOFF
SENGE GMBH & CO. KG |
|
|
|
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Registered Office : |
Essener Str.
62, D 42327 Wuppertal, Post Box:11 04 65, D 42304 Wuppertal |
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|
|
|
Country : |
Germany |
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|
|
|
Financials (as on) : |
31.12.2012 |
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|
|
Date of Incorporation : |
25.03.1981 |
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|
|
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Legal Form : |
Ltd partnership
with priv. ltd. company as general partner |
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Line of Business : |
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|
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No of Employees : |
70 |
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 |
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Payment Behaviour : |
No Complaints |
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|
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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 |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
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 |
Essener
Str. 62
D 42327
Wuppertal
Post Box:
11 04 65,
D 42304 Wuppertal
Telephone:0202/74847-0
Telefax: 0202/74847-99
Homepage: www.osthoff-senge.com
E-mail: info@osthoff-senge.com
Active
DE121106146
Business relations are permissible.
LEGAL FORM Ltd
partnership with priv. ltd. company as general partner
Date of foundation: 25.03.1981
Registered on: 18.05.1981
Register of
companies: Local
court 42103 Wuppertal
under: HRA
15876
Total cap. contribution: EUR 383,468.91
Limited partner:
Walter Osthoff
Selmaweg 1
D 42117 Wuppertal
born: 12.07.1944
Share: EUR 127,822.97
Limited partner:
Eva Geldmacher
D 42327 Wuppertal
née: Osthoff
Share: EUR 127,822.97
Limited partner:
Jutta Finger-Osthoff
Klopstockstr. 3
D 40822 Mettmann
née: Osthoff
Share: EUR 127,822.97
General partner:
Verwaltungsgesellschaft
Osthoff Senge GmbH
Essener Str. 62
D 42327 Wuppertal
Legal form: Private
limited company
Share capital: EUR 26,075.88
Registered on: 14.12.1981
Reg. data: 42103
Wuppertal, HRB 5649
Shareholder:
Walter Osthoff
Selmaweg 1
D 42117 Wuppertal
born: 12.07.1944
Share: EUR 8,691.96
Shareholder:
Eva Geldmacher
D 42327 Wuppertal
née: Osthoff
Share: EUR 8,691.96
Shareholder:
Jutta Finger-Osthoff
Klopstockstr. 3
D 40822 Mettmann
née: Osthoff
Share: EUR 8,691.96
Manager:
Walter Osthoff
Selmaweg 1
D 42117 Wuppertal
having sole power of
representation
born: 12.07.1944
Profession: Engineer
Marital status: married
Proxy:
Jörg Schlageter
D 51519 Odenthal
authorized to jointly
represent the company
born: 04.02.1963
Profession: Businessman
Proxy:
Brigitta Buschschulte
D 42103 Wuppertal
authorized to jointly
represent the company
born: 11.01.1950
Main industrial sector
28492 Manufacture of machine tools for processing
other hard substances
46692 Wholesale of other machinery
Payment experience: cash discount/within agreed terms
Negative information: We have no negative
information at hand.
The maximum credit is our recommendation for
the
maximum credit limit for the inquired
company.
Balance sheet year: 2012
Type of ownership: Tenant
Address Essener
Str. 62
D 42327 Wuppertal
Residential floor 3,000.00 sq.m
space/ Usable floor
space:
Land register documents were not available.
Principal bank
COMMERZBANK, 42003 WUPPERTAL
Sort. code: 33040001
BIC: COBADEFFXXX
Further banks
DEUTSCHE BANK, 42097 WUPPERTAL
Sort. code: 33070090
BIC: DEUTDEDWXXX
STADTSPARKASSE WUPPERTAL, 42097 WUPPERTAL
Sort. code: 33050000
BIC: WUPSDE33XXX
Turnover: 2012 *EUR 9,100,000.00
2013 *EUR
9,100,000.00
further business figures:
Equipment: *EUR 560,000.00
Ac/ts receivable: EUR 4,734,024.00
Liabilities: EUR 3,190,194.00
Total numbers of vehicles: 13
- Lorries:
1
- Passenger cars: 12
Employees:
70
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 [%]: 70.28
Liquidity ratio: 3.71
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 70.85
Liquidity ratio: 3.54
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 69.96
Liquidity ratio: 2.69
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 61.86
Liquidity ratio: 2.17
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.
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.
Type of balance sheet: Company
balance sheet
Financial year: 01.01.2012
- 31.12.2012
ASSETS EUR 6,266,720.79
Fixed assets EUR 210,694.01
Intangible assets EUR 15,142.51
Tangible assets EUR 195,551.50
Current assets EUR 6,056,026.78
Stocks EUR 1,237,308.18
Accounts receivable EUR 4,734,023.74
Liquid means EUR 84,694.86
LIABILITIES EUR 6,266,720.79
Shareholders' equity EUR 2,577,702.46
Capital EUR 383,468.91
Limited partner's
capital / capital
of partially liable
partner (LP) EUR 383,468.91
Limited partner's capital, fixed
capital, capital
account I EUR 383,468.91
Reserves EUR 2,194,233.55
Retained earnings /
revenue reserves EUR
2,194,233.55
Provisions EUR 498,824.00
Liabilities EUR 3,190,194.33
thereof total due to
shareholders EUR 1,828,798.12
Type of balance sheet: Company
balance sheet
Financial year: 01.01.2011
- 31.12.2011
ASSETS EUR 4,571,604.69
Fixed assets EUR 348,365.01
Intangible assets EUR 39,015.51
Tangible assets EUR 309,349.50
Current assets EUR 4,195,047.05
Stocks EUR 1,221,035.49
Accounts receivable EUR 2,755,244.73
Liquid means EUR 218,766.83
Remaining other
assets EUR 28,192.63
Accruals (assets) EUR 28,192.63
LIABILITIES EUR 4,571,604.69
Shareholders' equity EUR 2,362,990.57
Capital EUR 383,468.91
Reserves EUR 1,979,521.66
Retained earnings /
revenue reserves EUR
1,979,521.66
Provisions EUR 330,079.00
Liabilities EUR 1,878,535.12
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 59.26 |
|
|
1 |
Rs. 99.62 |
|
Euro |
1 |
Rs. 80.59 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
DPT |
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.