|
Report Date : |
29.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
DSHWOOD GMBH |
|
|
|
|
Registered Office : |
Steinförder Str. 59, D 29323 Wietze |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
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|
|
|
Date of Incorporation : |
22.04.2008 |
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|
|
|
Com. Reg. No.: |
HRB 201359 |
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|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
·
Services to
forrestry and logging ·
Wholesale of
other machinery, equipment and supplies ·
Wholesale of
other wooden semi-finished goods and construction materials |
|
|
|
|
No. of Employees : |
20 |
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 |
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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 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 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately 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 |
DSHWOOD GMBH
Company Status: active
Steinförder Str. 59
D 29323
Wietze
Telephone:05146/985740
Telefax: 05146/9857420
Homepage:
www.dshwood.dk/Default.asp?m=232
E-mail:
mt@dshwood.dk
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 22.04.2008
Shareholders'
agreement: 22.04.2008
Registered on: 22.07.2008
Commercial Register: Local court 21335 Lüneburg
under: HRB
201359
Share
capital: EUR 700,000.00
Shareholder:
DSHwood A/S
glarmestervej 7
DK 7000 Fredericia
Legal form: Other legal
form
Share: EUR 700,000.00
Manager:
Christen Möller
Munuevey 25b
DK 3500 Vaerlose
having sole power of
representation
born: 19.05.1959
Profession: Fully
qualified merchant
Nationality: danish
Marital status: unknown
Proxy:
Michael Tekampe
D 30916 Isernhagen
having sole power
of representation
born: 04.09.1975
Profession: Businessman
28.07.2008 - 01.11.2010 DSHwood
GmbH
Hackestr. 4
D 29323 Wietze
Private limited company
Main
industrial sector
02400
Services to forrestry and logging
4669
Wholesale of other machinery, equipment and supplies
46733
Wholesale of other wooden semi-finished goods and construction materials
Payment experience: within periods customary in this trade
Negative information: We have no negative information at hand.
Balance sheet year: 2012
Type of ownership: Tenant
Address Steinförder
Str. 59
D 29323 Wietze
Land register documents were not available.
NORDEA BANK FINLAND, 60078 FRANKFURT AM MAIN
Sort. code: 51430300
BIC: NDEADEFFXXX
Turnover: 2012 EUR 12,100,000.00
2013 EUR 12,100,000.00
Profit: 2012 EUR -97,040.00
further business figures:
Equipment: *EUR 270,000.00
Ac/ts receivable: EUR 2,358,920.00
Liabilities: EUR 1,623,486.00
Employees: 20
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 [%]: 46.51
Liquidity ratio: 1.36
Return on total capital [%]: -3.06
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 37.41
Liquidity ratio: 1.32
Return on total capital [%]: 12.66
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 52.03
Liquidity ratio: 2.37
Return on total capital [%]: 27.21
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 27.17
Liquidity ratio: 0.76
Return on total capital [%]: 19.79
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 3,326,071.14
Fixed assets
EUR 106,238.87
Intangible assets EUR 16,648.73
Tangible assets
EUR 89,589.65
Financial assets
EUR 0.49
Current assets
EUR 3,208,927.39
Stocks EUR 849,581.20
Accounts receivable
EUR 2,358,920.31
thereof total due from shareholders
EUR 147,739.79
Liquid means
EUR 425.88
Remaining
other assets EUR 10,904.88
Accruals (assets)
EUR 10,904.88
LIABILITIES EUR 3,326,071.14
Shareholders' equity
EUR 1,630,486.51
Capital
EUR 700,000.00
Subscribed capital (share capital)
EUR 700,000.00
Balance sheet profit/loss (+/-)
EUR 930,486.51
Profit / loss brought forward
EUR 1,027,526.25
Annual surplus / annual deficit
EUR -97,039.74
Provisions
EUR 72,099.12
Liabilities
EUR 1,623,485.51
Type of
balance sheet: Company balance sheet
Financial
year: 01.01.2011 - 31.12.2011
ASSETS EUR 4,433,659.68
Fixed assets
EUR 124,927.79
Intangible assets
EUR 13,617.25
Other / unspecified intangible assetsEUR 13,617.25
Tangible assets
EUR 111,310.05
Other / unspecified tangible assets
EUR 111,310.05
Financial assets EUR 0.49
Other / unspecified financial assets EUR 0.49
Current assets
EUR 4,300,376.89
Stocks
EUR 1,060,989.14
Accounts receivable
EUR 3,237,292.66
thereof total due from shareholders
EUR 103,044.01
Other debtors and assets
EUR 3,237,292.66
Liquid means
EUR 2,095.09
Remaining other assets
EUR 8,355.00
Accruals (assets)
EUR 8,355.00
LIABILITIES EUR 4,433,659.68
Shareholders' equity
EUR 1,727,526.25
Capital
EUR 700,000.00
Subscribed capital (share capital)
EUR 700,000.00
Balance sheet profit/loss (+/-)
EUR 1,027,526.25
Profit / loss brought forward
EUR 479,935.90
Annual surplus / annual deficit
EUR 547,590.35
Provisions
EUR 324,026.02
Liabilities
EUR 2,374,670.41
Other liabilities
EUR 2,374,670.41
Unspecified other liabilities
EUR 2,374,670.41
Other liabilities
EUR 7,437.00
Deferred taxes (not included under
provisions/liabilities)
EUR 7,437.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.07 |
|
|
1 |
Rs.99.20 |
|
Euro |
1 |
Rs.80.53 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.