|
Report Date : |
28.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
BENTELER STEEL/TUBE GMBH |
|
|
|
|
Registered Office : |
Residenzstr. 1 D 33104 Paderborn Post
Box: 13 40, Paderborn |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
27.04.2009 |
|
|
|
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Com. Reg. No.: |
HRB 9942 |
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|
|
Legal Form : |
Private limited company |
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|
|
|
Line of Business : |
|
|
|
|
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No. of Employees |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
|
With Financials |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
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 31st, 2014
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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 |
BENTELER STEEL/TUBE GMBH
Company Status: active
Residenzstr. 1
D 33104 Paderborn
Post Box:
13 40, Paderborn
Telephone:05254/810
Telefax: 05254/13666
Homepage:
www.benteler.com
E-mail: sales.steeltube@benteler.de
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 27.04.2009
Begin of business
activities: 27.04.2009
Shareholders'
agreement: 27.04.2009
Registered on: 19.11.2010
Commercial Register: Local court 33098 Paderborn
under: HRB
9942
Share capital: EUR 25,000.00
Shareholder:
Benteler Deutschland GmbH
Residenzstr. 1
D 33104 Paderborn
Post Box:
13 40, D 33043 Paderborn
Legal form: Private
limited company
Share capital: EUR
120,000,000.00
Share: EUR 25,000.00
Registered on: 03.09.2010
Reg. data: 33098
Paderborn, HRB 9859
Control and profit
transfer agreement
Manager:
Andre Sombecki
D 42781 Haan
born: 25.07.1969
Profession: Businessman
Manager:
Matthias Jäger
Jakobstr. 18a
D 33129 Delbrück
authorized to jointly represent the
company
born: 29.10.1962
Manager:
Dr. Meike Schäffler
D 32257 Bünde
born: 24.05.1972
Manager:
Dr. Andreas Daniel Hauger
D 57439 Attendorn
born: 25.05.1967
Profession: Engineer
President of
the Supervisory Board:
Hubertus Benteler
D 33098 Paderborn
Vice-president of the Supervisory Board:
Edwin Borek
D 33104 Paderborn
Marital status: unknown
Vice-president of the Supervisory Board:
Ulrich Marschner
D 33104 Paderborn
Marital status: unknown
Member of
the Supervisory Board:
Siegmund Wenk
Triftweg 65
D 33106 Paderborn
born: 11.09.1952
Profession: Fully
qualified merchant
Marital status: married
Member of
the Supervisory Board:
Carmelo Zanghi
D 33106 Paderborn
Marital status: unknown
Member of
the Supervisory Board:
Isabel Diaz Rohr
D 33104 Paderborn
Marital status: unknown
Member of
the Supervisory Board:
Andreas Ivarsson
D 33104 Paderborn
Marital status: unknown
Member of
the Supervisory Board:
Heinz Krystofiak
D 33104 Paderborn
Marital status: unknown
Member of
the Supervisory Board:
Dr. Martin Kühn
D 33104 Paderborn
Marital status: unknown
Member of
the Supervisory Board:
Daniel Sobhan-Sarbandi
D 33104 Paderborn
Marital status:
unknown
Member of
the Supervisory Board:
Dr. Ingmar Georg Stauff
D 33104 Paderborn
Marital status: unknown
Member of
the Supervisory Board:
Gisbert Tinnefeld
D 33104 Paderborn
Marital status: unknown
Proxy:
Annette Brüseke
D 33100 Paderborn
authorized to jointly
represent the company
born: 20.03.1969
Profession: Solicitor
Proxy:
Alfons Böhm
D 47918 Tönisvorst
authorized to jointly
represent the company
born: 25.07.1963
Proxy:
Frank Brinkschröder
Leipziger Str. 8
D 33129 Delbrück
authorized to jointly
represent the company
born: 03.05.1958
Proxy:
Bernd Brinkmann
Meßdornstr. 14f
D 33106 Paderborn
authorized to jointly
represent the company
born: 09.03.1967
Proxy:
Christoph Schmeiduch
D 40210 Düsseldorf
authorized to jointly
represent the company
born: 07.10.1974
Proxy:
Andreas Laarmann
D 33104 Paderborn
authorized to
jointly represent the company
born: 15.07.1972
Proxy:
Simone Scaffidi Abbate
D 33129 Delbrück
authorized to jointly
represent the company
born: 13.06.1977
Proxy:
Dr. Peter Remer
D 40210 Düsseldorf
authorized to jointly
represent the company
born: 10.11.1963
Further
functions/participations of Andre Sombecki (Manager)
Manager:
Benteler Tube Management
GmbH
Residenzstr. 1
D 33104 Paderborn
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 16.11.2010
Reg. data: 33098 Paderborn, HRB 9936
Manager:
Benteler Deutschland GmbH
Residenzstr. 1
D 33104 Paderborn
Post Box:
13 40, D 33043 Paderborn
Legal form: Private
limited company
Share capital: EUR
120,000,000.00
Registered
on: 03.09.2010
Reg. data: 33098 Paderborn, HRB 9859
Manager:
Benteler Rothrist GmbH
Residenzstr. 1
D 33104 Paderborn
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 23.11.2010
Reg. data: 33098 Paderborn, HRB 9946
Member of
the Supervisory Board:
Benteler Automobiltechnik
GmbH
An der Talle 27-31
D 33102 Paderborn
Legal form: Private
limited company
Share capital: EUR
112,000,000.00
Registered
on: 06.11.2002
Reg. data: 33098 Paderborn, HRB 4153
Further
functions/participations of Matthias Jäger (Manager)
Manager:
Carl Benteler GmbH
Frachtstr. 10-14
D 33602 Bielefeld
Legal form: Private
limited company
Share capital: EUR
50,000.00
Registered
on: 20.07.1989
Reg. data: 33602 Bielefeld, HRB 33374
Manager:
Benteler Tube Management
GmbH
Residenzstr. 1
D 33104 Paderborn
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 16.11.2010
Reg. data: 33098 Paderborn, HRB 9936
Manager:
Benteler Rothrist GmbH
Residenzstr. 1
D 33104 Paderborn
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 23.11.2010
Reg. data: 33098 Paderborn, HRB 9946
Further
functions/participations of Dr. Meike Schäffler (Manager)
Manager:
Benteler Tube Management
GmbH
Residenzstr. 1
D 33104 Paderborn
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 16.11.2010
Reg. data: 33098 Paderborn, HRB 9936
Manager:
Benteler Rothrist GmbH
Residenzstr. 1
D 33104 Paderborn
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 23.11.2010
Reg. data: 33098 Paderborn, HRB 9946
Further
functions/participations of Dr. Andreas Daniel Hauger
(Manager)
Manager:
Benteler Tube Management
GmbH
Residenzstr. 1
D 33104 Paderborn
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 16.11.2010
Reg. data: 33098 Paderborn, HRB 9936
Manager:
Benteler Rothrist GmbH
Residenzstr. 1
D 33104 Paderborn
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 23.11.2010
Reg. data: 33098 Paderborn, HRB 9946
12.08.2009 - 14.04.2010 Johanna 127 Vermögensverwaltungs GmbH
Johanna-Kinkel-Str.
2-4
D 53175 Bonn
Private limited
company
01.02.2013 - 08.08.2013 President of the Supervisory Board
Hubertus Benteler
D 33104 Paderborn
27.04.2010 - 04.02.2013 Manager
Norbert Bergs
D 33161 Hövelhof
Main industrial sector
2511
Manufacture of metal structures and parts of structures
25993
Manufacture of metal products n.e.c.
46722
Wholesale of non-ferrous ores, metals and metal semi-finished goods
70109
Other activities of head offices
Works:
Benteler Steel/Tube GmbH
Niederdarmer Str.
5
D 49811 Lingen
TEL.: 0591/800040
Works:
Benteler Steel/Tube GmbH
Marienloher Str. 1
D 33104 Paderborn
TEL.:
05254/81201868
Works:
Benteler Steel/Tube GmbH
Luisenstr. 117
D 46537 Dinslaken
TEL.: 02064/6230
Payment experience: within
agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2012
Type of ownership: Tenant
Address Residenzstr.
1
D 33104 Paderborn
Land register documents were not available.
COMMERZBANK, 40002 DÜSSELDORF
Sort. code: 30040000
BIC: COBADEDDXXX
Turnover: 2012 EUR 17,366,490.00
2013
EUR 18,000,000.00
Expected turnover: EUR
19,000,000.00
Profit: 2012
EUR 17,307,681.00
further business figures:
Ac/ts receivable: EUR
59,834.00
The number of employees is not known.
Control and
profit transfer agreement to:
Benteler Deutschland GmbH
Residenzstr. 1
D 33104 Paderborn
Post Box:
13 40, D 33043 Paderborn
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 30.00
Liquidity ratio: 10.00
Return on total capital [%]: 20,767.56
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: -149.67
Liquidity ratio: 10.00
Return on total capital [%]: 75,269.14
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 83,340.00
Current assets
EUR 83,340.00
Accounts receivable
EUR 59,833.73
Amounts due from related companies
EUR 59,833.73
Liquid means
EUR 23,506.27
LIABILITIES EUR 83,340.00
Shareholders' equity
EUR 25,000.00
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Provisions EUR 58,340.00
Other / unspecified provisions
EUR 58,340.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales
EUR 17,366,490.49
Other operating income
EUR 1,450.00
Gross result (+/-)
EUR 17,367,940.49
Other operating expenses
EUR 60,259.40
Operating result from continuing
operations
EUR 17,307,681.09
Result from ordinary operations (+/-)
EUR 17,307,681.09
Expenses for transfer of profits to a
parent company
EUR 17,307,681.09
Annual surplus / annual deficit
EUR 0.00
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 83,900.00
Current assets EUR 83,900.00
Accounts receivable
EUR 60,308.73
Amounts due from shareholders
EUR 60,308.73
Liquid means
EUR 23,591.27
LIABILITIES EUR 83,900.00
Shareholders' equity
EUR 25,000.00
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Provisions
EUR 58,900.00
Other / unspecified provisions
EUR 58,900.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales
EUR 17,815,058.54
Gross result (+/-)
EUR 17,815,058.54
Other operating expenses
EUR 58,112.00
Operating result from continuing
operations
EUR 17,756,946.54
Result from ordinary operations (+/-)
EUR 17,756,946.54
Expenses for transfer of profits to a
parent company
EUR 17,756,946.54
Annual surplus / annual deficit
EUR 0.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.06 |
|
UK Pound |
1 |
Rs.99.61 |
|
Euro |
1 |
Rs.80.60 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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.