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Report Date : |
04.03.2014 |
IDENTIFICATION DETAILS
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Name : |
MCW MÜLLER CHEMIKALIEN WERTSTOFFE GMBH |
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Registered Office : |
Am Nierspark 24, D 47608 Geldern |
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Country : |
Germany |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
12.11.1998 |
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Com. Reg. No.: |
HRB 4557 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Wholesale of
chemical products ·
Agents
involved in the sale of fuels, ores, metals and industrial chemicals |
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No. of Employees : |
11 |
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Germany |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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, 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 |
MCW MÜLLER CHEMIKALIEN WERTSTOFFE GMBH
Company Status: active
Am Nierspark 24
D 47608 Geldern
Telephone:02831/97761-0
Telefax: 02831/97761-11
Homepage: www.mueller-chemikalien.de
E-mail:
info@mueller-chemikalien.de
VAT no.: DE812626413
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 12.11.1998
Shareholders'
agreement: 12.11.1998
Registered on: 07.03.2001
Commercial Register: Local court 47533 Kleve
under: HRB
4557
Share capital: EUR 25,580.00
Shareholder:
Christian Müller
Buykerweg 60
D 47608 Geldern
born: 01.01.1981
Share: EUR 12,850.00
Shareholder:
Peter Müller
Stertjensweg 71
D 47608 Geldern
born: 30.05.1953
Share: EUR 8,630.00
Shareholder:
Claire Ellgring-Joubert
D 46487 Wesel
born: 07.04.1974
Share: EUR 4,100.00
Manager:
Peter Müller
Stertjensweg 71
D 47608 Geldern
having sole power of
representation
born: 30.05.1953
Profession: Businessman
Marital status: married
Manager:
Christian Müller
Buykerweg 60
D 47608 Geldern
having sole power of
representation
born: 01.01.1981
Further
functions/participations of Peter Müller (Manager)
Manager:
MCW Bitterfeld GmbH
Zementstr. 4
D 06803 Bitterfeld-Wolfen
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 10.04.1996
Reg. data: 39576 Stendal, HRB 13773
Further
functions/participations of Christian Müller (Manager)
Proxy:
MCW Bitterfeld GmbH
Zementstr. 4
D 06803 Bitterfeld-Wolfen
Legal form: Private
limited company
Share capital: EUR
25,564.59
Registered
on: 10.04.1996
Reg. data: 39576 Stendal, HRB 13773
12.11.1998 - 06.03.2001 MCW
Müller Chemikalien Wertstoffe GmbH
Fuldastr.
29
D 47051 Duisburg
Private limited company
06.03.2001 - 13.11.2012 MCW
Müller Chemikalien Wertstoffe GmbH
Beurskensweg 3
D
47608 Geldern
Private limited company
Main
industrial sector
46750
Wholesale of chemical products
Secondary
industrial sector
46120
Agents involved in the sale of fuels, ores, metals and industrial
chemicals
Shareholder:
MCW Bitterfeld GmbH
Zementstr. 4
D 06803 Bitterfeld-Wolfen
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,564.59
Share: EUR 25,564.59
Reg. data: 10.04.1996
Local court 39576 Stendal
HRB 13773
Payment experience: within
agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2012
Type of ownership: Tenant
Address Am
Nierspark 24
D 47608 Geldern
Real Estate of: Peter
Müller
Type of ownership: proprietor
Share: 100.00 %
Address Stertjensweg
71
D 47608 Geldern
Land register documents were not available.
Principal bank
VOLKSBANK AN DER NIERS, 47608 GELDERN
Sort. code: 32061384
BIC: GENODED1GDL
Turnover: 2013 EUR 8,400,000.00
Profit: 2012 EUR -53,997.00
further business figures:
Equipment: EUR 170,000.00
Ac/ts receivable: EUR
1,431,018.00
Liabilities: EUR
1,249,636.00
Employees:
11
- Part-time employees: 4
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 49.63
Liquidity ratio: 1.61
Return on total capital [%]: -2.09
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 53.87
Liquidity ratio: 2.58
Return on total capital [%]: 1.20
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 50.02
Liquidity ratio: 3.35
Return on total capital [%]: 2.37
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 58.26
Liquidity ratio: 5.84
Return on total capital [%]: 7.33
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 2,587,357.69
Fixed assets EUR 693,841.74
Intangible assets
EUR 4,051.00
Other / unspecified intangible assetsEUR 4,051.00
Tangible assets
EUR 652,051.75
Other / unspecified tangible assets
EUR 652,051.75
Financial assets
EUR 37,738.99
Other / unspecified financial assets EUR 37,738.99
Current assets
EUR 1,888,888.89
Stocks
EUR 96,490.08
Other / unspecified stocks
EUR 96,490.08
Accounts receivable
EUR 1,431,017.88
Other debtors and assets
EUR 1,431,017.88
Liquid means
EUR 361,380.93
Remaining other assets
EUR 4,627.06
Accruals (assets)
EUR 4,627.06
LIABILITIES EUR 2,587,357.69
Shareholders' equity
EUR 1,285,133.37
Capital
EUR 12,797.70
Subscribed capital (share capital)
EUR 25,580.00
thereof not yet paid-up capital EUR 12,782.30
thereof uncalled outstanding
contributions
EUR 12,782.30
Balance sheet profit/loss (+/-)
EUR 1,272,335.67
Profit / loss brought forward
EUR 1,326,332.39
Annual surplus / annual deficit
EUR -53,996.72
Provisions
EUR 52,587.89
Other / unspecified provisions
EUR 52,587.89
Liabilities
EUR 1,249,636.43
Other liabilities
EUR 1,249,636.43
Unspecified other liabilities
EUR 1,249,636.43
Type of
balance sheet: Company
balance sheet
Financial
year: 01.01.2011 - 31.12.2011
ASSETS EUR 2,482,592.71
Fixed assets
EUR 309,433.40
Intangible assets
EUR 7,303.00
Other / unspecified intangible assetsEUR 7,303.00
Tangible assets
EUR 264,391.41
Other / unspecified tangible assets
EUR 264,391.41
Financial assets
EUR 37,738.99
Other / unspecified financial assets EUR 37,738.99
Current assets
EUR 2,171,490.35
Stocks
EUR 155,134.18
Accounts receivable
EUR 1,571,851.56
Other debtors and assets
EUR 1,571,851.56
Liquid means
EUR 444,504.61
Remaining other assets
EUR 1,668.96
Accruals (assets)
EUR 1,668.96
LIABILITIES EUR 2,482,592.71
Shareholders' equity
EUR 1,339,130.09
Capital
EUR 12,797.70
Subscribed capital (share capital)
EUR 25,580.00
thereof not yet paid-up capital
EUR 12,782.30
thereof uncalled outstanding
contributions
EUR -12,782.30
Balance sheet profit/loss (+/-)
EUR 1,326,332.39
Profit / loss brought forward
EUR 1,296,513.51
Annual surplus / annual deficit
EUR 29,818.88
Provisions
EUR 90,417.89
Liabilities
EUR 1,053,044.73
Other liabilities
EUR 1,053,044.73
Unspecified other liabilities
EUR 1,053,044.73
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.86 |
|
|
1 |
Rs.103.52 |
|
Euro |
1 |
Rs.85.31 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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 |
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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 |
|
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 |
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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 |
|
-- |
NB |
New Business |
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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.