|
Report Date : |
24.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
DORRSTEIN GMBH |
|
|
|
|
Registered Office : |
Hohe Str. 34-36 D 68526 Ladenburg |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
13.05.1980 |
|
|
|
|
Reg. No.: |
HRB 712292 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employees : |
3 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
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, 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 |
DORRSTEIN GMBH
Company Status: active
Hohe Str. 34-36
D 68526 Ladenburg
Telephone:06203/1079866
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 13.05.1980
Shareholders'
agreement: 13.05.1980
Registered on: 14.07.2011
Commercial Register: Local court 68159 Mannheim
under: HRB
712292
Share capital: EUR 56,753.40
Shareholder:
Klaus Dörrstein
Theodor-Heuss-Str. 7
D 56288 Kastellaun
born: 06.10.1943
Share: EUR 37,835.60
Shareholder:
Christa Dörrstein
Theodor-Heuss-Str. 7
D 56288 Kastellaun
born: 22.12.1948
née: Karbach
Share: EUR 18,917.80
Manager:
Christa
Dörrstein
Theodor-Heuss-Str. 7
D 56288 Kastellaun
having sole power of
representation
born: 22.12.1948
née: Karbach
Profession:
Industrial manager
Marital status: married
to: Klaus Dörrstein
born
06.10.1943
Proxy:
Klaus Dörrstein
Theodor-Heuss-Str. 7
D 56288 Kastellaun
having sole power of
representation
born: 06.10.1943
Profession: Fully
qualified engineer
Marital status: married
Proxy:
Dr. Janine Dörrstein
Aufeldstr. 1
D 68526 Ladenburg
having sole power of
representation
born: 25.03.1978
Further functions/participations
of Christa Dörrstein (Manager)
Shareholder:
id-Technik GmbH
Hohe Str. 34-36
D 68526 Ladenburg
Legal form: Private
limited company
Share capital: EUR 26,000.00
Share: EUR 10,400.00
Registered
on: 29.07.2011
Reg. data: 68159 Mannheim, HRB 712424
25.06.1980 - 14.07.2011 Dörrstein GmbH
An der Molkerei 15
D 56288 Kastellaun
Private limited
company
Main industrial sector
3299 Other manufacturing n.e.c.
46149
Agents involved in the sale of electrotechnical and electronical
products n.e.c.
46741
Wholesale of tools and hardware
46742
Wholesale of plumbing and heating equipment and supplies
Payment experience: cash
discount/within agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2012
Type of ownership: Tenant
Address Hohe Str. 34-36
D 68526 Ladenburg
Land register documents were not available.
No bank connection is maintained.
FINANCIAL FIGURES
Turnover: 2013 *EUR 471,000.00
Equipment: *EUR 21,500.00
Ac/ts receivable: EUR 173,802.00
Liabilities: EUR 14,305.00
Employees:
3
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 [%]: 76.77
Liquidity ratio: 10.00
Return on total capital [%]: -3.63
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 71.55
Liquidity ratio: 10.00
Return on total capital [%]: 25.92
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 46.79
Liquidity ratio: 10.00
Return on total capital [%]: -49.44
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 65.24
Liquidity ratio: 10.00
Return on total capital [%]: -24.04
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 399,813.46
Fixed assets
EUR 7,798.55
Tangible assets
EUR 7,474.00
Financial assets EUR 324.55
Other / unspecified financial assets EUR 324.55
Current assets
EUR 390,364.91
Stocks
EUR 31,781.72
Accounts receivable
EUR 173,801.75
Liquid means
EUR 184,781.44
Remaining other assets
EUR 1,650.00
Accruals (assets)
EUR 1,650.00
LIABILITIES EUR 399,813.46
Shareholders' equity
EUR 306,919.17
Capital
EUR 56,753.40
Subscribed capital (share capital)
EUR 56,753.40
Balance sheet profit/loss (+/-)
EUR 250,165.77
Balance sheet profit / loss
EUR 250,165.77
Provisions
EUR 78,589.43
Liabilities
EUR 14,304.86
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 449,270.15
Fixed assets
EUR 11,699.55
Tangible assets
EUR 11,375.00
Other / unspecified tangible assets
EUR 11,375.00
Financial assets
EUR 324.55
Other / unspecified financial assets EUR 324.55
Current assets
EUR 435,300.60
Stocks
EUR 34,821.75
Accounts receivable
EUR 187,479.22
Other debtors and assets EUR 187,479.22
Liquid means
EUR 212,999.63
Remaining other assets
EUR 2,270.00
Accruals (assets)
EUR 2,270.00
LIABILITIES EUR 449,270.15
Shareholders' equity
EUR 321,448.10
Capital
EUR 56,753.40
Subscribed capital (share capital)
EUR 56,753.40
Balance sheet profit/loss (+/-)
EUR 264,694.70
Balance sheet profit / loss
EUR 264,694.70
Provisions
EUR 90,401.07
Liabilities
EUR 37,420.98
Other liabilities
EUR 37,420.98
Unspecified other liabilities
EUR 37,420.98
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.05 |
|
|
1 |
Rs.100.81 |
|
Euro |
1 |
Rs.84.17 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.