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Report Date : |
16.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
DSHWOOD
GMBH |
|
|
|
|
Registered Office : |
Steinförder
Str. 59 D 29323 Wietze |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
22.04.2008 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
|
|
|
|
|
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 |
|
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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 |
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: nz@dshwood.dk
VAT no.: DE261197178
Tax ID number: 17/201/06654
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:
Peter Vind Larsen
DK Brönshöj
born: 27.06.1970
Nationality: danish
Proxy:
Niels Zukowski
D 29320 Hermannsburg
having sole power of
representation
born: 19.08.1980
28.07.2008 - 01.11.2010 DSHwood GmbH
Hackestr. 4
D 29323 Wietze
Private limited
company
26.09.2011 - 11.06.2014 Manager
Christen Möller
DK 3500 Vaerlose
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: 2013
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
2013 EUR 169,484.00
further business figures:
Equipment: *EUR 270,000.00
Ac/ts receivable: EUR 2,011,348.00
Liabilities: EUR 2,382,230.00
Employees:
20
The business figures marked with an asterisk
are estimates based on average values in the line of business.
Balance sheet ratios
01.01.2013 - 31.12.2013
Equity ratio [%]: 40.96
Liquidity ratio: 0.85
Return on total capital
[%]: 3.86
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
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: 01.01.2013 - 31.12.2013
ASSETS EUR 4,410,426.16
Fixed assets EUR 133,006.79
Intangible assets EUR 46,216.80
Tangible assets EUR 86,789.50
Financial assets EUR 0.49
Other / unspecified
financial assets EUR
0.49
Current assets EUR 4,267,348.03
Stocks EUR 2,255,859.40
Accounts receivable EUR 2,011,347.84
thereof total due from
shareholders EUR 0.00
Liquid means EUR 140.79
Remaining other
assets EUR 10,071.34
Accruals (assets) EUR 10,071.34
LIABILITIES EUR 4,410,426.16
Shareholders' equity EUR 1,799,970.65
Capital EUR 700,000.00
Subscribed capital
(share capital) EUR 700,000.00
Balance sheet profit/loss
(+/-) EUR 1,099,970.65
Profit / loss brought
forward EUR 930,486.51
Annual surplus / annual
deficit EUR 169,484.14
Provisions EUR 222,225.93
Liabilities EUR 2,382,229.58
Other liabilities EUR 6,000.00
Deferred taxes (not
included under
provisions/liabilities)
EUR 6,000.00
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
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.11 |
|
|
1 |
Rs.98.15 |
|
Euro |
1 |
Rs.77.68 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
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.