|
Report Date : |
07.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
THEO STEIL GMBH & CO. KG |
|
|
|
|
Registered Office : |
Ostkai 6 D 54293 Trier |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
12.02.1982 |
|
|
|
|
Legal Form : |
Ltd Partnership |
|
|
|
|
Line of Business : |
Management of real estate on a fee or contract basis |
|
|
|
|
No. of Employees |
Not Available |
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 : |
Unknown |
|
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 |
THEO STEIL GMBH &
CO. KG
Company Status: active
Ostkai 6
D 54293 Trier
Telephone:0651/689-0
Telefax: 0651/689-109
Homepage: www.steil.de
E-mail: info@steil.de
LEGAL FORM Ltd partnership with priv. ltd. company as
general partner
Date of foundation: 01.02.1982
Registered on: 12.02.1982
Register of
companies: Local court 54516 Wittlich
under: HRA 2377
Total cap. contribution: EUR 640,000.00
Limited partner:
Steil Holding GmbH
Ostkai 6
D 54293 Trier
Legal form: Private limited company
Share capital: EUR 30,000.00
Share: EUR 601,600.00
Registered on: 17.01.2008
Reg. data: 54516 Wittlich, HRB 40596
Limited partner:
Johannes Gondert
Bergstr. 10
D 54318 Mertesdorf
born: 11.04.1952
deceased: 12.01.2014
Share: EUR 38,400.00
General partner:
Gondert GmbH
Ostkai 6
D 54293 Trier
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered on: 18.01.2000
Reg. data: 54516 Wittlich, HRB 4290
Shareholder:
Steil Holding GmbH
Ostkai 6
D 54293 Trier
Legal form: Private limited company
Share capital: EUR 30,000.00
Share: EUR 23,500.00
Registered on: 17.01.2008
Reg. data: 54516 Wittlich, HRB 40596
Shareholder:
Johannes Gondert
Bergstr. 10
D 54318 Mertesdorf
born: 11.04.1952
deceased: 12.01.2014
Share: EUR 1,500.00
Manager:
Johannes Gondert
Bergstr. 10
D 54318 Mertesdorf
having sole power of representation
born: 11.04.1952
deceased: 12.01.2014
Profession: Businessman
Marital status: married
Manager:
Stephan Gondert
Neuwiese 35
D 54317 Kasel
having sole power of representation
born: 29.08.1977
Marital status: married
12.02.1982 - 09.07.2000 Theo Steil KG
Ostkai 6
D 54293 Trier
Limited partnership
Main industrial sector
6832 Management of real estate on a fee or contract basis
Shareholder:
Theo Steil GmbH Schrott- und Metallhandel
Ostkai 6
D 54293 Trier
Legal form: Private limited company
Company Status: active
Share capital: EUR 1,100,000.00
Share: EUR 1,100,000.00
Reg. data: 03.12.1981
Local court 54516 Wittlich
HRB 2084
Shareholder:
Steil Entsorgung GmbH
Metternichstr. 45
D 54292 Trier
Legal form: Private limited company
Company Status: active
Share capital: EUR 154,450.00
Share: EUR 139,450.00
Reg. data: 05.02.2002
Local court 54516 Wittlich
HRB 4583
Shareholder:
Theo Steil GmbH
Alfred-Schütte-Allee 20
D 50679 Köln
Legal form: Private limited company
Company Status: active
Share capital: EUR 30,000.00
Share: EUR 30,000.00
Reg. data: 15.11.1989
Local court 50939 Köln
HRB 19725
Shareholder:
SKW Theo Steil Kreislaufwirtschaft GmbH
Ostkai 6
D 54293 Trier
Legal form: Private limited company
Company Status: dissolved
since: 09.09.2008
Share capital: EUR 25,564.59
Share: EUR 25,564.59
Reg. data: 27.03.1996
Local court 54516 Wittlich
HRB 3697
Shareholder:
Kath-Hasenfuß Recycling GmbH
Werdauer Weg 11
D 10829 Berlin
Legal form: Private limited company
Company Status: active
Share capital: EUR 25,564.60
Share: EUR 12,782.30
Reg. data: 26.11.1998
Local court 14057 Berlin
HRB 69078 B
Payment experience: within agreed terms
Negative information:We have no negative information at hand.
BALANCE SHEET
YEAR: 2009
Type of ownership: Tenant
Address Ostkai 6
D 54293 Trier
Real Estate of: Gondert GmbH
Type of ownership: Tenant
Address Ostkai 6
D 54293 Trier
Land register documents were not available.
SPARKASSE TRIER, 54215 TRIER
Sort. code: 58550130, Account no.: 986810
BIC: TRISDE55XXX
No full-time employees are employed.
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 72.93
Liquidity ratio: 10.00
Return on total capital [%]: 37.81
Balance sheet grade: 1.0
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 55.11
Liquidity ratio: 10.00
Return on total capital [%]: 29,883.
25
Balance sheet grade: 1.1
Balance sheet ratios 01.01.2007 - 31.12.2007
Equity ratio [%]: 50.41
Liquidity ratio: 0.97
Return on total capital [%]: 7.20
Balance sheet grade: 1.9
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: 01.01.2009 - 31.12.2009
ASSETS EUR 29,555,698.03
Fixed assets EUR 20,191,853.33
Intangible assets EUR 173,910.00
Concessions, licences, rights EUR 173,910.00
Tangible assets EUR 16,930,378.32
Land / similar rights EUR 7,882,126.10
Plant / machinery EUR 7,070,890.00
Other tangible assets / fixtures and
fittings EUR 1,231,325.00
Advance payments made / construction
in progress EUR 746,037.22
Financial assets EUR 3,087,565.01
Shares in participations /
subsidiaries and the like EUR 3,087,565.01
Shares in related companies EUR 1,384,588.76
Shares in investee companies EUR 1,702,976.25
Current assets EUR 9,363,844.70
Accounts receivable EUR 3,323,864.38
Trade debtors EUR 229,879.32
Amounts due from related companies EUR 1,137.28
Other debtors and assets EUR 3,092,847.78
Liquid means EUR 6,039,980.32
LIABILITIES EUR 29,555,698.03
Shareholders' equity EUR 640,000.00
Capital EUR 640,000.00
Limited partner's capital / capital
of partially liable partner (LP) EUR 640,000.00
Limited partner's capital, fixed
capital, capital account I EUR 640,000.00
Items between shareholders' equity and
debt capital EUR 439,743.00
Allowances / bonuses EUR 439,743.00
Provisions EUR 4,844,187.00
Other / unspecified provisions EUR 4,844,187.00
Liabilities EUR 23,631,768.03
Financial debts EUR 222,099.62
Liabilities due to banks EUR 222,099.62
Other liabilities EUR 23,409,668.41
Trade creditors (for IAS incl. bills
of exchange) EUR 82,171.98
Liabilities due to shareholders EUR 20,939,445.08
Liabililties due to related
companiesEUR 2,372,712.59
Liabilities due to investee
companiesEUR 15,338.76
Guarantees and other commitments EUR 102,891,000.00
PROFIT AND LOSS
ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Sales EUR 9,760,364.30
Other operating income EUR 824,239.79
Cost of materials EUR 1,890,201.76
Raw materials and supplies, purchased
goods EUR 1,890,201.76
Gross result (+/-) EUR 8,694,402.33
Total depreciation EUR 3,835,119.03
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 3,835,119.03
Other operating expenses EUR 1,669,803.29
Operating result from continuing
operations EUR 3,189,480.01
Result from participating interests
(+/-) EUR 8,905,221.32
Expenses / income from participations
EUR 8,905,221.32
Income from transfer of profits EUR 8,904,171.32
Income from related companies EUR 1,050.00
Interest result (+/-) EUR -1,429,552.53
Interest and similar income EUR 297,262.04
thereof from related companies EUR 226,000.00
Interest and similar expenses EUR 1,726,814.57
thereof paid to related companies EUR 664,000.00
Financial result (+/-) EUR 7,475,668.79
Result from ordinary operations (+/-) EUR
10,665,148.80
Extraordinary expenses EUR 102,550.72
Extraordinary result (+/-) EUR -102,550.72
Income tax / refund of income tax
(+/-)EUR 505,933.38
Other taxes / refund of taxes EUR -28,117.20
Tax (+/-) EUR 477,816.18
Annual surplus / annual deficit EUR 11,040,414.26
TYPE OF BALANCE
SHEET: COMPANY BALANCE SHEET
FINANCIAL YEAR: 01.01.2008 - 31.12.2008
ASSETS EUR 42,505,748.43
Fixed assets EUR 22,871,827.87
Intangible assets EUR 250,765.00
Concessions, licences, rights EUR 250,765.00
Tangible assets EUR 19,533,497.86
Land / similar rights EUR 8,305,792.10
Plant / machinery EUR 8,649,395.00
Other tangible assets / fixtures and
fittings EUR 1,570,033.00
Advance payments made / construction
in progress EUR 1,008,277.76
Financial assets EUR 3,087,565.01
Shares in participations /
subsidiaries and the like EUR 3,087,565.01
Shares in related companies EUR 1,384,588.76
Shares in investee companies EUR 1,702,976.25
Current assets EUR 19,633,920.56
Accounts receivable EUR 4,642,552.41
Amounts due from shareholders EUR 0.00
Trade debtors EUR 38,120.23
Amounts due from related companies EUR 171,605.53
Other debtors and assets EUR 4,432,826.65
Liquid means EUR 14,991,368.15
LIABILITIES EUR
42,505,748.43
Shareholders' equity EUR 640,000.00
Capital EUR 640,000.00
Limited partner's capital / capital
of partially liable partner (LP) EUR 640,000.00
Items between shareholders' equity and
debt capital EUR 469,187.09
Allowances / bonuses EUR 469,187.09
Provisions EUR 4,871,566.00
Provisions for taxes EUR 474,898.00
Other / unspecified provisions EUR 4,396,668.00
Liabilities EUR 36,524,995.34
Other liabilities EUR 36,524,995.34
Unspecified other liabilities EUR 36,524,995.34
PROFIT AND LOSS
ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Sales EUR 11,861,509,140.00
Other operating income EUR 262,858,360.00
Cost of materials EUR 3,252,045,710.00
Raw materials and supplies, purchased
goods EUR 3,252,045,710.00
Gross result (+/-) EUR 8,872,321,790.00
Total depreciation EUR 3,904,079,010.00
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 3,904,079,010.00
Other operating expenses EUR 743,260,940.00
Operating result from continuing
operations EUR 4,224,981,840.00
Result from participating interests
(+/-) EUR 10,533,795,920.00
Expenses / income from participations
EUR 10,546,587,760.00
Income from transfer of profits EUR
10,546,587,760.00
Expenses for participations EUR 12,791,840.00
Expenses for other participations EUR
12,791,840.00
Interest result (+/-) EUR -842,441,080.00
Interest and similar income EUR 768,885,520.00
thereof from related companies EUR 625,698.34
Interest and similar expenses EUR 1,611,326,600.00
thereof paid to related companies EUR 451,937.73
Financial result (+/-) EUR 9,691,354,840.00
Result from ordinary operations (+/-) EUR
13,916,336,680.00
Extraordinary expenses EUR 330,838,990.00
Extraordinary result (+/-) EUR -330,838,990.00
Income tax / refund of income tax
(+/-)EUR -1,222,799,190.00
Other taxes / refund of taxes EUR -28,907,270.00
Tax (+/-) EUR -1,251,706,460.00
Annual surplus / annual deficit EUR
12,333,791,230.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.20 |
|
|
1 |
Rs.101.68 |
|
Euro |
1 |
Rs.83.55 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIS |
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.