|
Report Date : |
28.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
ROHSTOFFHANDEL BERNHARD WESTARP GMBH & CO. KG |
|
|
|
|
Registered Office : |
Hafenrandstr.
6, D 63741 Aschaffenburg |
|
|
|
|
Country : |
Germany |
|
|
|
|
Date of Incorporation : |
17.09.1949 |
|
|
|
|
Com. Reg. No.: |
HRA 466 |
|
|
|
|
Legal Form : |
Ltd
partnership with priv. ltd. company as general partner |
|
|
|
|
Line of Business : |
·
Recovery
of sorted materials ·
Wholesaler
of waste and scrap ·
Non-specialized
wholesale of raw materials and half-finished and finished goods ·
Wholesaler
of non-ferrous ores, metals and metal semi-finished goods |
|
|
|
|
No of Employees : |
Not Available |
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 |
|
|
|
|
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 – 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 |
Rohstoffhandel
Bernhard Westarp GmbH & Co. KG
Hafenrandstr.
6
D 63741
Aschaffenburg
Telephone: 06021/8460-0
Telefax: 06021/80522
Homepage: www.westarp-kg.de
E-mail: info@westarp-kg.de
Active
DE246257453
Business
relations are permissible
LEGAL
FORM Ltd partnership with priv. ltd. company as general partner
Date of foundation: 17.09.1949
Registered on: 17.09.1949
Register of
companies: Local
court 63739 Aschaffenburg
under: HRA
466
Total cap. contribution: EUR 51,129.19
Jürgen Westarp
D 63811 Stockstadt
born: 03.05.1962
Share: EUR 51,129.19
Alois Westarp Rohstoffverwertung GmbH
Hafenrandstr. 6
D 63741 Aschaffenburg
Legal form: Private limited company
Share capital: EUR 102,258.38
Registered on: 09.11.1988
Reg. data: 63739 Aschaffenburg, HRB 3703
Jürgen Westarp
D 63811 Stockstadt
born: 03.05.1962
Share: EUR 102,258.38
Jürgen Westarp
D 63811 Stockstadt
having sole power of representation
born: 03.05.1962
Profession: Businessman
Marital status: single
Tanja Kleinschmitt
D 63739 Aschaffenburg
born: 14.05.1973
Roland Baum
Apfelstr. 5a
D 63785 Obernburg
having sole power of representation
born: 13.06.1967
Proxy:
André Roth
D 63768 Hösbach
having sole power of
representation
born: 03.01.1970
Further
functions/participations of Alois Westarp Rohstoffverwertung GmbH (General
partner)
General partner:
Heinrich Hark GmbH & Co.
KG
Rohproduktenhandlung
Am Ortsgüterbahnhof 9
D 59063 Hamm
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 40,903.36
contribution:
Registered
on: 01.01.1975
Reg. data: 59065 Hamm, HRA 108
Further
functions/participations of Tanja Kleinschmitt (General partner)
General partner:
Heinrich Hark GmbH &
Co. KG
Rohproduktenhandlung
Am Ortsgüterbahnhof 9
D 59063 Hamm
Legal form: Ltd partnership with
priv. ltd.
company as
general partner
Total cap. EUR 40,903.36
contribution:
Registered
on: 01.01.1975
Reg. data: 59065 Hamm, HRA 108
07.06.2000 - 01.01.2006 Rohstoffhandel Bernhard Westarp KG Inh.
Alois Westarp &
Co.
Hafenrandstr. 5-6
D 63741 Aschaffenburg
Limited partnership
02.01.2006 - 25.07.2011 Rohstoffhandel Bernhard Westar p GmbH &
Co. KG
Hafenrandstr. 5-6
D 63741 Aschaffenburg
Ltd partnership with
priv. ltd. company
as general partner
25.07.2011 - 29.10.2012 Rohstoffhandel Bernhard Westarp GmbH &
Co. KG
Hafenrandstr. 5-6
D 63741 Aschaffenburg
Ltd partnership with
priv. ltd. company
as general partner
Main industrial sector
3832 Recovery of sorted materials
46770 Wholesaler of waste and scrap
46902 Non-specialized wholesale of raw materials
and half-finished and finished goods
Secondary industrial sector
46722
Wholesaler of non-ferrous ores, metals and metal semi-finished goods
Shareholder:
Konrad Barth
Altstoffhandel GmbH
Canthalstr. 6
D 63450 Hanau
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,564.59
Share: EUR 25,564.59
Reg. data: 01.10.1992
Local court
63450 Hanau
HRB 4780
Payment experience: cash discount/within agreed terms
Negative information: We have no negative
information at hand.
Type of ownership: Tenant
Address Hafenrandstr.
6
D 63741 Aschaffenburg
Real Estate of: Alois
Westarp Rohstoffverwertung GmbH
Type of ownership: Tenant
Address Hafenrandstr.
6
D 63741 Aschaffenburg
Land register documents were not available.
Principal banks
SPARKASSE ASCHAFFENBURG ALZENAU, 63736
ASCHAFFENBURG
Sort. code: 79550000
BIC: BYLADEM1ASA
COMMERZBANK, 63707 ASCHAFFENBURG
Sort. code: 79540049
BIC: COBADEFF795
RAIFFEISENBANK ASCHAFFENBURG, 63704
ASCHAFFENBURG
Sort. code: 79562514
BIC: GENODEF1AB1
Financial year: 01.01. - 31.12.
The number of employees is not known.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.06 |
|
|
1 |
Rs.99.61 |
|
Euro |
1 |
Rs.88.60 |
INFORMATION DETAILS
|
Analysis Done by
: |
SMT |
|
|
|
|
Report Prepared
by : |
MNL |
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.