MIRA INFORM REPORT

 

 

Report Date :

21.10.2014

 

IDENTIFICATION DETAILS

 

Name :

CARL SPAETER GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG

 

 

Registered Office :

Philosophenweg 17, D 47051 Duisburg, Post Box: 10 11 63, D 47011 Duisburg

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

21.12.1897

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Wholesale of iron ores, iron, steel and iron and steel semi-finished goods

 

 

No of Employees :

1,818

 

 

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 :

Slow but correct

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

Company Name & address

 

CARL SPAETER GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG

 

 Company Status:      active

                      Philosophenweg 17

                      D 47051 Duisburg

                      Post Box:

                      10 11 63, D 47011 Duisburg

                      Telephone:0203/2818-0

                      Telefax:  0203/27804

                      Homepage: www.spaeter.de

                      E-mail:   info@spaeter.de

 

 VAT no.:             DE811124344

 

 

CONCLUSION

 

 Business relations are permissible.

 

 LEGAL FORM           Private limited company

 Date of foundation:  1897

 Registered on:       21.12.1897

 Commercial Register: Local court 47051 Duisburg

 under:               HRB 277

 

 Share capital:                          EUR         30,000,000.00

 

 Shareholder:

                      Carl Spaeter Gesellschaft mit beschränkter

                      Haftung

                      Vossen Links 13

                      D 40545 Düsseldorf

                      Post Box:

                      11 10 39, D 40510 Düsseldorf

                      Legal form: Private limited company

                      Share capital:     EUR          6,500,000.00

                      Share:             EUR         30,000,000.00

                      Registered on: 22.01.1934

                      Reg. data: 40227 Düsseldorf, HRB 973

 Manager:

                      Hans-Joachim Schlegel

                      Am Friedenshof 36b

                      D 46485 Wesel

                      authorized to jointly represent the company

                      born: 22.01.1955

 Manager:

                      Thorsten Zips

                      Scheffelstr. 4

                      D 47057 Duisburg

                      born: 04.05.1965

 Proxy:

                      Daniel Hamacher

                      D 46562 Voerde

                      authorized to jointly represent the company

 Proxy:

                      Michael Haut

                      D 40789 Monheim

                      authorized to jointly represent the company

 Proxy:

                      Michael Marecki

                      D 45472 Mülheim

                      authorized to jointly represent the company

                      born: 05.08.1967

                      Profession: Management expert

                      Marital status: married

 Proxy:

                      Michael Peter

                      D 44787 Bochum

                      authorized to jointly represent the company

 Proxy:

                      Olaf Radmacher

                      Mainstr. 22

                      D 47051 Duisburg

                      authorized to jointly represent the company

                      born: 25.05.1974

 Proxy:

                      Peter Müller

                      D 44795 Bochum

                      authorized to jointly represent the company

 Proxy:

                      Reiner Lotze

                      D 34346 Hann. Münden

                      authorized to jointly represent the company

 Proxy:

                      Norbert Haidinger

                      D 47051 Duisburg

                      authorized to jointly represent the company

 Proxy:

                      Helmut Krohn

                      D 47051 Duisburg

                      authorized to jointly represent the company

 Proxy:

                      Berthold Gassen

                      D 47051 Duisburg

                      authorized to jointly represent the company

                      born: 18.02.1953

 Proxy:

                      Thomas Schmidt

                      D 47051 Duisburg

                      authorized to jointly represent the company

 Proxy:

                      Bodo Kirchner

                      D 04029 Leipzig

                      authorized to jointly represent the company

                      born: 10.06.1958

 Proxy:

                      Michael Küsters

                      D 47051 Duisburg

                      authorized to jointly represent the company

                      born: 23.03.1964

 Proxy:

                      Santiago Chalmovsky

                      D 47495 Rheinberg

                      authorized to jointly represent the company

                      born: 25.06.1959

 Proxy:

                      Gunther Blauth

                      D 41515 Grevenbroich

                      authorized to jointly represent the company

                      born: 11.07.1977

 

 Further functions/participations of Hans-Joachim Schlegel

 (Manager)

 Manager:

                      C. Kelting Altona GmbH

                      Pinkertweg 7

                      D 22113 Hamburg

                      Post Box:

                      74 04 06, D 22094 Hamburg

                      Legal form: Private limited company

                      Share capital:     EUR             60,000.00

                      Registered

                      on:         28.03.1985

                      Reg. data:  20355 Hamburg, HRB 33997

 Manager:

                      Peter Holzrichter Gesellschaft mit

                      beschränkter Haftung

                      Schönebecker Platz 11

                      D 42283 Wuppertal

                      Post Box:

                      20 07 64, D 42207 Wuppertal

                      Legal form: Private limited company

                      Share capital:     EUR          2,000,000.00

                      Registered

                      on:         30.04.1908

                      Reg. data:  42103 Wuppertal, HRB 2307

 Manager:

                      Carl Spaeter Vertriebsgesellschaft mbH

                      Flensburgstr. 14a

                      D 58093 Hagen

                      Legal form: Private limited company dormant

                      Share capital:     EUR            130,000.00

                      Registered

                      on:         24.03.1987

                      Reg. data:  58097 Hagen, HRB 2038

 Manager:

                      Wilhelm Eick Vertriebsgesellschaft mbH

                      Bornstr. 301

                      D 44145 Dortmund

                      Legal form: Private limited company dormant

                      Share capital:     EUR            130,000.00

                      Registered

                      on:         10.02.1987

                      Reg. data:  44135 Dortmund, HRB 7861

 Manager:

                      Knappstein Stahlservice GmbH

                      Industriestr. 12

                      D 57368 Lennestadt

                      Legal form: Private limited company

                      Share capital:     EUR          1,000,000.00

                      Registered

                      on:         22.10.2008

                      Reg. data:  57072 Siegen, HRB 8681

 Manager:

                      Carl Spaeter GmbH

                      Max-Planck-Str. 21

                      D 68519 Viernheim

                      Legal form: Private limited company

                      Share capital:     EUR          1,600,000.00

                      Registered

                      on:         27.05.1992

                      Reg. data:  64283 Darmstadt, HRB 61163

 Manager:

                      Carl Spaeter Südwest GmbH

                      Fettweisstr. 14-18

                      D 76189 Karlsruhe

                      Post Box:

                      21 12 55

                      Legal form: Private limited company

                      Share capital:     EUR          2,200,000.00

                      Registered

                      on:         05.05.1960

                      Reg. data:  68159 Mannheim, HRB 100138

 Manager:

                      Carl Spaeter, Gesellschaft mit beschränkter

                      Haftung

                      Alleestr. 5-27

                      D 46049 Oberhausen

                      Post Box:

                      10 14 68, D 46041 Oberhausen

                      Legal form: Private limited company

                      Share capital:     EUR          3,000,000.00

                      Registered

                      on:         12.12.1960

                      Reg. data:  47051 Duisburg, HRB 11920

 Manager:

                      Passavant & Zickwolff GmbH

                      Robert-Bosch-Str. 1

                      D 61184 Karben

                      Legal form: Private limited company

                      Share capital:     EUR            600,000.00

                      Registered

                      on:         16.09.1976

                      Reg. data:  60313 Frankfurt, HRB 71171

 Manager:

                      F. Hackländer Gesellschaft mit beschränkter

                      Haftung

                      Holländische Str. 120

                      D 34127 Kassel

                      Legal form: Private limited company

                      Share capital:     EUR          2,000,000.00

                      Registered

                      on:         02.01.1906

                      Reg. data:  34117 Kassel, HRB 2165

 Manager:

                      Carl Spaeter Gesellschaft mit beschränkter

                      Haftung

                      Pinkertweg 7

                      D 22113 Hamburg

                      Legal form: Private limited company

                      Share capital:     EUR          2,000,000.00

                      Registered

                      on:         03.07.1907

                      Reg. data:  20355 Hamburg, HRB 1779

 Manager:

                      Carl Spaeter Gesellschaft mit beschränkter

                      Haftung

                      Nobelstr. 33

                      D 12057 Berlin

                      Legal form: Private limited company

                      Share capital:     EUR            500,000.00

                      Registered

                      on:         26.04.1904

                      Reg. data:  14057 Berlin, HRB 3996 B

 Manager:

                      Carl Spaeter Gesellschaft mit beschränkter

                      Haftung

                      Alter Damm 6

                      D 30419 Hannover

                      Legal form: Private limited company

                      Share capital:     EUR            500,000.00

                      Registered

                      on:         11.06.1987

                      Reg. data:  30175 Hannover, HRB 50143

 Manager:

                      Kähler Stahlhandel GmbH

                      Industriestr. 57

                      D 21107 Hamburg

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         05.02.2002

                      Reg. data:  20355 Hamburg, HRB 82573

 Manager:

                      Wilhelm Eick Gesellschaft mit beschränkter

                      Haftung

                      Bornstr. 301

                      D 44145 Dortmund

                      Legal form: Private limited company

                      Share capital:     EUR            260,000.00

                      Registered

                      on:         14.01.1952

                      Reg. data:  44135 Dortmund, HRB 2203

 Manager:

                      Carl Spaeter Kunststoffhandel GmbH

                      Bornstr. 301

                      D 44145 Dortmund

                      Legal form: Private limited company

                      Share capital:     EUR            130,000.00

                      Registered

                      on:         02.05.2011

                      Reg. data:  44135 Dortmund, HRB 23893

 Manager:

                      Carl Spaeter Gesellschaft mit beschränkter

                      Haftung

                      Höpfigheimer Str. 10

                      D 74321 Bietigheim-Bissingen

                      Legal form: Private limited company

                      Share capital:     EUR          1,000,000.00

                      Registered

                      on:         18.05.1956

                      Reg. data:  70190 Stuttgart, HRB 1878

 Manager:

                      von Aschenbach & Voss, Gesellschaft mit

                      beschränkter Haftung

                      Dießemer Bruch 28-32

                      D 47799 Krefeld

                      Legal form: Private limited company

                      Share capital:     EUR          1,500,000.00

                      Registered

                      on:         05.01.1918

                      Reg. data:  47798 Krefeld, HRB 22

 Manager:

                      SASTA Stahlgesellschaft mbH

                      Mühlauer Str. 10

                      D 09232 Hartmannsdorf

                      Legal form: Private limited company

                      Share capital:     EUR            100,000.00

                      Registered

                      on:         04.03.1992

                      Reg. data:  09112 Chemnitz, HRB 4544

 

 Further functions/participations of Thorsten Zips (Manager)

 Manager:

                      Knappstein Stahlservice GmbH

                      Industriestr. 12

                      D 57368 Lennestadt

                      Legal form: Private limited company

                      Share capital:     EUR          1,000,000.00

                      Registered

                      on:         22.10.2008

                      Reg. data:  57072 Siegen, HRB 8681

 Manager:

                      C. Kelting Altona GmbH

                      Pinkertweg 7

                      D 22113 Hamburg

                      Post Box:

                      74 04 06, D 22094 Hamburg

                      Legal form: Private limited company

                      Share capital:     EUR             60,000.00

                      Registered

                      on:         28.03.1985

                      Reg. data:  20355 Hamburg, HRB 33997

 Manager:

                      Peter Holzrichter Gesellschaft mit

                      beschränkter Haftung

                      Schönebecker Platz 11

                      D 42283 Wuppertal

                      Post Box:

                      20 07 64, D 42207 Wuppertal

                      Legal form: Private limited company

                      Share capital:     EUR          2,000,000.00

                      Registered

                      on:         30.04.1908

                      Reg. data:  42103 Wuppertal, HRB 2307

 Manager:

                      Carl Spaeter Vertriebsgesellschaft mbH

                      Flensburgstr. 14a

                      D 58093 Hagen

                      Legal form: Private limited company dormant

                      Share capital:     EUR            130,000.00

                      Registered

                      on:         24.03.1987

                      Reg. data:  58097 Hagen, HRB 2038

 Manager:

                      Wilhelm Eick Vertriebsgesellschaft mbH

                      Bornstr. 301

                      D 44145 Dortmund

                      Legal form: Private limited company dormant

                      Share capital:     EUR            130,000.00

                      Registered

                      on:         10.02.1987

                      Reg. data:  44135 Dortmund, HRB 7861

 Manager:

                      Wilhelm Eick Gesellschaft mit beschränkter

                      Haftung

                      Bornstr. 301

                      D 44145 Dortmund

                      Legal form: Private limited company

                      Share capital:     EUR            260,000.00

                      Registered

                      on:         14.01.1952

                      Reg. data:  44135 Dortmund, HRB 2203

 Manager:

                      Carl Spaeter Gesellschaft mit beschränkter

                      Haftung

                      Nobelstr. 33

                      D 12057 Berlin

                      Legal form: Private limited company

                      Share capital:     EUR            500,000.00

                      Registered

                      on:         26.04.1904

                      Reg. data:  14057 Berlin, HRB 3996 B

 Manager:

                      Carl Spaeter Gesellschaft mit beschränkter

                      Haftung

                      Alter Damm 6

                      D 30419 Hannover

                      Legal form: Private limited company

                      Share capital:     EUR            500,000.00

                      Registered

                      on:         11.06.1987

                      Reg. data:  30175 Hannover, HRB 50143

 Manager:

                      Carl Spaeter GmbH

                      Max-Planck-Str. 21

                      D 68519 Viernheim

                      Legal form: Private limited company

                      Share capital:     EUR          1,600,000.00

                      Registered

                      on:         27.05.1992

                      Reg. data:  64283 Darmstadt, HRB 61163

 Manager:

                      Passavant & Zickwolff GmbH

                      Robert-Bosch-Str. 1

                      D 61184 Karben

                      Legal form: Private limited company

                      Share capital:     EUR            600,000.00

                      Registered

                      on:         16.09.1976

                      Reg. data:  60313 Frankfurt, HRB 71171

 Manager:

                      von Aschenbach & Voss, Gesellschaft mit

                      beschränkter Haftung

                      Dießemer Bruch 28-32

                      D 47799 Krefeld

                      Legal form: Private limited company

                      Share capital:     EUR          1,500,000.00

                      Registered

                      on:         05.01.1918

                      Reg. data:  47798 Krefeld, HRB 22

 Manager:

                      Carl Spaeter, Gesellschaft mit beschränkter

                      Haftung

                      Alleestr. 5-27

                      D 46049 Oberhausen

                      Post Box:

                      10 14 68, D 46041 Oberhausen

                      Legal form: Private limited company

                      Share capital:     EUR          3,000,000.00

                      Registered

                      on:         12.12.1960

                      Reg. data:  47051 Duisburg, HRB 11920

 Manager:

                      Carl Spaeter Gesellschaft mit beschränkter

                      Haftung

                      Pinkertweg 7

                      D 22113 Hamburg

                      Legal form: Private limited company

                      Share capital:     EUR          2,000,000.00

                      Registered

                      on:         03.07.1907

                      Reg. data:  20355 Hamburg, HRB 1779

 Manager:

                      Kähler Stahlhandel GmbH

                      Industriestr. 57

                      D 21107 Hamburg

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         05.02.2002

                      Reg. data:  20355 Hamburg, HRB 82573

 Manager:

                      Carl Spaeter Südwest GmbH

                      Fettweisstr. 14-18

                      D 76189 Karlsruhe

                      Post Box:

                      21 12 55

                      Legal form: Private limited company

                      Share capital:     EUR          2,200,000.00

                      Registered

                      on:         05.05.1960

                      Reg. data:  68159 Mannheim, HRB 100138

 Manager:

                      Carl Spaeter Kunststoffhandel GmbH

                      Bornstr. 301

                      D 44145 Dortmund

                      Legal form: Private limited company

                      Share capital:     EUR            130,000.00

                      Registered

                      on:         02.05.2011

                      Reg. data:  44135 Dortmund, HRB 23893

 Manager:

                      SASTA Stahlgesellschaft mbH

                      Mühlauer Str. 10

                      D 09232 Hartmannsdorf

                      Legal form: Private limited company

                      Share capital:     EUR            100,000.00

                      Registered

                      on:         04.03.1992

                      Reg. data:  09112 Chemnitz, HRB 4544

 Manager:

                      F. Hackländer Gesellschaft mit beschränkter

                      Haftung

                      Holländische Str. 120

                      D 34127 Kassel

                      Legal form: Private limited company

                      Share capital:     EUR          2,000,000.00

                      Registered

                      on:         02.01.1906

                      Reg. data:  34117 Kassel, HRB 2165

 Manager:

                      Carl Spaeter Gesellschaft mit beschränkter

                      Haftung

                      Höpfigheimer Str. 10

                      D 74321 Bietigheim-Bissingen

                      Legal form: Private limited company

                      Share capital:     EUR          1,000,000.00

                      Registered

                      on:         18.05.1956

                      Reg. data:  70190 Stuttgart, HRB 1878


COMPANY HISTORY

 

 1897 - 30.11.2005        Carl Spaeter Gesellschaft mit

                          beschränkter Haftung

                          Am Buchenbaum 4-6

                          D 47051 Duisburg

                          Private limited company

 

 

RESIGNED ACTING PERSONS AND SHAREHOLDERS

 

 11.04.2000 - 16.01.2014  Manager

                          Klaus Dohmesen

                          D 41751 Viersen

 21.08.2006 - 08.01.2014  Manager

                          Hans Schürmann

                          D 40210 Düsseldorf

 

 

BUSINESS ACTIVITIES

 

 Main industrial sector

 46721   Wholesale of iron ores, iron, steel and iron and steel semi-finished goods

 

 

BRANCHES AND FACTORIES

 

 Works:

                      Carl Spaeter Gesellschaft mit beschränkter

                      Haftung

                      Am Unkelstein 42

                      D 47059 Duisburg

 Branch:

                      Carl Spaeter Gesellschaft mit beschränkter

                      Haftung

                      Bitterfelder Str. 7-9

                      D 04129 Leipzig

                      TEL.: 0341-908550


PARTICIPATIONS

 

 Shareholder:

                      Carl Spaeter, Gesellschaft mit beschränkter

                      Haftung

                      Alleestr. 5-27

                      D 46049 Oberhausen

                      Post Box:

                      10 14 68

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR          3,000,000.00

                      Share:             EUR          3,000,000.00

                      Reg. data:  12.12.1960

                                  Local court 47051 Duisburg

                                  HRB 11920

 Shareholder:

                      Primex Steel Trading Gesellschaft mit

                      beschränkter Haftung

                      Königsallee 60d

                      D 40212 Düsseldorf

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR          5,019,240.00

                      Share:             EUR          2,459,790.00

                      Reg. data:  22.08.1974

                                  Local court 40227 Düsseldorf

                                  HRB 4510

 Shareholder:

                      Carl Spaeter Südwest GmbH

                      Fettweisstr. 14-18

                      D 76189 Karlsruhe

                      Post Box:

                      21 12 55

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR          2,200,000.00

                      Share:             EUR          2,200,000.00

                      Reg. data:  05.05.1960

                                  Local court 68159 Mannheim

                                  HRB 100138

 Shareholder:

                      Peter Holzrichter Gesellschaft mit

                      beschränkter Haftung

                      Schönebecker Platz 11

                      D 42283 Wuppertal

                      Post Box:

                      20 07 64

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR          2,000,000.00

                      Share:             EUR          2,000,000.00

                      Reg. data:  30.04.1908

                                  Local court 42103 Wuppertal

                                  HRB 2307

 Shareholder:

                      F. Hackländer Gesellschaft mit beschränkter

                      Haftung

                      Holländische Str. 120

                      D 34127 Kassel

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR          2,000,000.00

                      Share:             EUR          2,000,000.00

                      Reg. data:  02.01.1906

                                  Local court 34117 Kassel

                                  HRB 2165

 Shareholder:

                      Carl Spaeter Gesellschaft mit beschränkter

                      Haftung

                      Pinkertweg 7

                      D 22113 Hamburg

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR          2,000,000.00

                      Share:             EUR          2,000,000.00

                      Reg. data:  03.07.1907

                                  Local court 20355 Hamburg

                                  HRB 1779

 Shareholder:

                      Carl Spaeter GmbH

                      Max-Planck-Str. 21

                      D 68519 Viernheim

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR          1,600,000.00

                      Share:             EUR          1,600,000.00

                      Reg. data:  27.05.1992

                                  Local court 64283 Darmstadt

                                  HRB 61163

 Shareholder:

                      von Aschenbach & Voss, Gesellschaft mit

                      beschränkter Haftung

                      Dießemer Bruch 28-32

                      D 47799 Krefeld

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR          1,500,000.00

                      Share:             EUR          1,500,000.00

                      Reg. data:  05.01.1918

                                  Local court 47798 Krefeld

                                  HRB 22

 Shareholder:

                      Carl Spaeter Gesellschaft mit beschränkter

                      Haftung

                      Höpfigheimer Str. 10

                      D 74321 Bietigheim-Bissingen

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR          1,000,000.00

                      Share:             EUR          1,000,000.00

                      Reg. data:  18.05.1956

                                  Local court 70190 Stuttgart

                                  HRB 1878

 Shareholder:

                      Passavant & Zickwolff GmbH

                      Robert-Bosch-Str. 1

                      D 61184 Karben

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR            600,000.00

                      Share:             EUR            600,000.00

                      Reg. data:  16.09.1976

                                  Local court 60313 Frankfurt

                                  HRB 71171

 Shareholder:

                      Carl Spaeter Gesellschaft mit beschränkter

                      Haftung

                      Nobelstr. 33

                      D 12057 Berlin

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR            500,000.00

                      Share:             EUR            500,000.00

                      Reg. data:  26.04.1904

                                  Local court 14057 Berlin

                                  HRB 3996 B

 Shareholder:

                      Carl Spaeter Gesellschaft mit beschränkter

                      Haftung

                      Alter Damm 6

                      D 30419 Hannover

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR            500,000.00

                      Share:             EUR            500,000.00

                      Reg. data:  11.06.1987

                                  Local court 30175 Hannover

                                  HRB 50143

 Shareholder:

                      Wilhelm Eick Gesellschaft mit beschränkter

                      Haftung

                      Bornstr. 301

                      D 44145 Dortmund

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR            260,000.00

                      Share:             EUR            260,000.00

                      Reg. data:  14.01.1952

                                  Local court 44135 Dortmund

                                  HRB 2203

 Shareholder:

                      Carl Spaeter Beratungsgesellschaft mbH

                      Vossen Links 13

                      D 40545 Düsseldorf

                      Post Box:

                      11 10 39

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR            260,000.00

                      Share:             EUR            130,000.00

                      Reg. data:  31.01.1995

                                  Local court 40227 Düsseldorf

                                  HRB 31764

 Shareholder:

                      Carl Spaeter Kunststoffhandel GmbH

                      Bornstr. 301

                      D 44145 Dortmund

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR            130,000.00

                      Share:             EUR            130,000.00

                      Reg. data:  02.05.2011

                                  Local court 44135 Dortmund

                                  HRB 23893

 Shareholder:

                      SASTA Stahlgesellschaft mbH

                      Mühlauer Str. 10

                      D 09232 Hartmannsdorf

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR            100,000.00

                      Share:             EUR            100,000.00

                      Reg. data:  04.03.1992

                                  Local court 09112 Chemnitz

                                  HRB 4544

 Shareholder:

                      C. Kelting Altona GmbH

                      Pinkertweg 7

                      D 22113 Hamburg

                      Post Box:

                      74 04 06

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             60,000.00

                      Share:             EUR             60,000.00

                      Reg. data:  28.03.1985

                                  Local court 20355 Hamburg

                                  HRB 33997

 

 Payment experience:  takes advantage of cash discount

 

 Negative information:We have no negative information at hand.

 

 

REAL ESTATE

 

 Type of ownership:   Tenant

 Address              Philosophenweg 17

                      D 47051 Duisburg

 

 Land register documents were not available.

 

 

BANKERS

 

 Principal bank

 DEUTSCHE BANK, 47003 DUISBURG

 Sort. code: 35070030

 BIC: DEUTDEDE350

 

 Further banks

 COMMERZBANK, 47002 DUISBURG

 Sort. code: 35040038

 BIC: COBADEFFXXX

 COMMERZBANK VORMALS DRESDNER BANK, 47003 DUISBURG

 Sort. code: 35080070

 BIC: DRESDEFF350

 POSTBANK, 45125 ESSEN, RUHR

 Sort. code: 36010043

 BIC: PBNKDEFFXXX

 

 

FINANCIAL FIGURES

 

 Turnover:                     2012               EUR        227,681,316.00

                                    2013               EUR        246,706,456.00

 Profit:                                      2012               EUR            620,156.00

                                    2013               EUR         -5,712,752.00

 further business figures:

 Equipment:                                                      EUR            781,624.00

 Ac/ts receivable:                                              EUR        110,321,654.00

 Liabilities:                                            EUR         37,880,233.00

 Employees:                                                                     1,818

 - thereof permanent staff:                                                             1,818

 

 

 BALANCE SHEETS

 

 Balance sheet ratios 01.01.2013 - 31.12.2013

 Equity ratio [%]:                 71.41

 Liquidity ratio:                  10.00

 Return on total capital [%]:      -2.66

 

 Balance sheet ratios 01.01.2012 - 31.12.2012

 Equity ratio [%]:                 67.80

 Liquidity ratio:                  10.00

 Return on total capital [%]:       0.27

 

 Balance sheet ratios 01.01.2011 - 31.12.2011

 Equity ratio [%]:                 69.57

 Liquidity ratio:                  10.00

 Return on total capital [%]:       4.89

 

 Balance sheet ratios 01.01.2010 - 31.12.2010

 Equity ratio [%]:                 62.38

 Liquidity ratio:                  10.00

 Return on total capital [%]:       6.32

 

 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        214,869,912.23

  Fixed assets                           EUR         23,439,184.27

   Intangible assets                     EUR          2,324,708.72

    Concessions, licences, rights        EUR          1,266,427.00

    Advance payments for intang. assets  EUR          1,058,281.72

   Tangible assets                       EUR          3,226,525.21

    Land / similar rights                EUR          2,439,701.21

    Plant / machinery                    EUR              5,200.00

    Other tangible assets / fixtures and

    fittings                             EUR            781,624.00

   Financial assets                      EUR         17,887,950.34

    Shares in participations /

    subsidiaries and the like            EUR         17,887,950.34

     Shares in related companies         EUR         15,594,539.94

     Shares in investee companies        EUR          2,293,410.40

  Current assets                         EUR        191,296,938.53

   Stocks                                EUR         17,688,610.69

    Finished goods / work in progress    EUR         17,688,610.69

   Accounts receivable                   EUR        110,321,653.62

    Trade debtors                        EUR         12,848,397.32

    Amounts due from related companies   EUR         75,852,430.93

    Amounts due from investee companies  EUR         13,438,591.94

    Other debtors and assets             EUR          8,182,233.43

   Investments in current assets         EUR         11,150,834.77

    Other investments                    EUR         11,150,834.77

   Liquid means                          EUR         52,135,839.45

  Remaining other assets                 EUR            133,789.43

   Accruals (assets)                     EUR            133,789.43

 

 LIABILITIES                             EUR        214,869,912.23

  Shareholders' equity                   EUR        130,234,561.09

   Capital                               EUR         30,000,000.00

    Subscribed capital (share capital)   EUR         30,000,000.00

   Reserves                              EUR         16,783,207.13

    Capital reserves                     EUR            715,808.63

    Retained earnings / revenue reserves EUR         16,067,398.50

   Balance sheet profit/loss (+/-)       EUR         83,451,353.96

    Profit / loss brought forward        EUR         89,164,105.94

    Annual surplus / annual deficit      EUR         -5,712,751.98

  Provisions                             EUR         46,755,118.00

   Pension provisions and comparable

   provisions                            EUR         11,847,657.00

   Provisions for taxes                  EUR         11,578,400.00

   Other / unspecified provisions        EUR         23,329,061.00

  Liabilities                            EUR         37,880,233.14

   Other liabilities                     EUR         37,880,233.14

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR          6,792,841.77

    Liabililties due to related companiesEUR         25,234,399.98

    Liabilities due to investee companiesEUR              8,330.00

    Unspecified other liabilities        EUR          5,844,661.39

     thereof liabilities from tax /

     financial authorities               EUR          5,610,000.00

  Guarantees and other commitments       EUR             95,000.00

   Liability from creation of a security

   interest for third parties            EUR             95,000.00

 

 PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.

 Code (HGB)

  Sales                                  EUR        246,706,456.27

  Other operating income                 EUR         15,810,507.73

  Cost of materials                      EUR        233,330,320.96

   Raw materials and supplies, purchased

   goods                                 EUR        233,330,320.96

  Gross result (+/-)                     EUR         29,186,643.04

  Staff expenses                         EUR         14,985,558.05

   Wages and salaries                    EUR         12,649,069.27

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR          2,336,488.78

  Total depreciation                     EUR            738,469.40

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR            738,469.40

  Other operating expenses               EUR         10,171,573.07

  Operating result from continuing

  operations                             EUR          3,291,042.52

  Result from participating interests

  (+/-)                                  EUR        -14,610,067.61

   Expenses / income from participations EUR          1,546,579.41

    Income from transfer of profits      EUR          1,546,579.41

   Expenses for participations           EUR         16,156,647.02

    Expenses for other participations    EUR         16,156,647.02

  Interest result (+/-)                  EUR          3,387,673.39

   Interest and similar income           EUR          4,844,054.27

    thereof from related companies       EUR          3,806,981.40

   Interest and similar expenses         EUR          1,456,380.88

    thereof paid to related companies    EUR            784,192.74

  Financial result (+/-)                 EUR        -11,222,394.22

  Result from ordinary operations (+/-)  EUR         -7,931,351.70

  Income tax / refund of income tax (+/-)EUR          2,218,599.72

  Tax (+/-)                              EUR          2,218,599.72

  Annual surplus / annual deficit        EUR         -5,712,751.98

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2012 - 31.12.2012

 

 ASSETS                                  EUR        233,609,728.64

  Fixed assets                           EUR         22,303,030.01

   Intangible assets                     EUR            792,098.46

    Concessions, licences, rights        EUR             43,079.00

    Advance payments for intang. assets  EUR            749,019.46

   Tangible assets                       EUR          3,622,981.21

    Land / similar rights                EUR          2,604,716.21

    Plant / machinery                    EUR             35,197.00

    Other tangible assets / fixtures and

    fittings                             EUR            983,068.00

   Financial assets                      EUR         17,887,950.34

    Shares in participations /

    subsidiaries and the like            EUR         17,887,950.34

     Shares in related companies         EUR         15,594,539.94

     Shares in investee companies        EUR          2,293,410.40

  Current assets                         EUR        211,188,777.57

   Stocks                                EUR         21,721,316.58

    Finished goods / work in progress    EUR         21,721,316.58

   Accounts receivable                   EUR        121,675,242.61

    Trade debtors                        EUR          8,098,782.64

    Amounts due from related companies   EUR         90,482,306.39

    Amounts due from investee companies  EUR         13,522,848.50

    Other debtors and assets             EUR          9,571,305.08

   Investments in current assets         EUR         23,500,000.00

    Other investments                    EUR         23,500,000.00

   Liquid means                          EUR         44,292,218.38

  Remaining other assets                 EUR            117,921.06

   Accruals (assets)                     EUR            117,921.06

 

 LIABILITIES                             EUR        233,609,728.64

  Shareholders' equity                   EUR        135,947,313.07

   Capital                               EUR         30,000,000.00

    Subscribed capital (share capital)   EUR         30,000,000.00

   Reserves                              EUR         16,783,207.13

    Capital reserves                     EUR            715,808.63

    Retained earnings / revenue reserves EUR         16,067,398.50

   Balance sheet profit/loss (+/-)       EUR         89,164,105.94

    Profit / loss brought forward        EUR         88,543,949.55

    Annual surplus / annual deficit      EUR            620,156.39

  Provisions                             EUR         48,533,557.00

   Pension provisions and comparable

   provisions                            EUR         11,847,657.00

   Provisions for taxes                  EUR         13,495,100.00

   Other / unspecified provisions        EUR         23,190,800.00

  Liabilities                            EUR         49,128,858.57

   Other liabilities                     EUR         49,128,858.57

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR         14,174,246.55

    Liabililties due to related companiesEUR         30,212,233.32

    Unspecified other liabilities        EUR          4,742,378.70

  Guarantees and other commitments       EUR            176,480.00

   Other guarantees and other commitmentsEUR            176,480.00

 

 PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.

 Code (HGB)

  Sales                                  EUR        227,681,316.16

  Other operating income                 EUR         19,872,300.91

  Cost of materials                      EUR        214,741,773.83

   Raw materials and supplies, purchased

   goods                                 EUR        214,741,773.83

  Gross result (+/-)                     EUR         32,811,843.24

  Staff expenses                         EUR         12,829,004.66

   Wages and salaries                    EUR         10,877,572.80

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR          1,951,431.86

  Total depreciation                     EUR            534,911.23

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR            534,911.23

  Other operating expenses               EUR         14,925,929.00

  Operating result from continuing

  operations                             EUR          4,521,998.35

  Result from participating interests

  (+/-)                                  EUR         -6,293,571.10

   Expenses / income from participations EUR          3,574,717.00

    Income from transfer of profits      EUR          3,574,717.00

   Expenses for participations           EUR          9,868,288.10

    Expenses for other participations    EUR          9,868,288.10

  Interest result (+/-)                  EUR          3,886,552.55

   Interest and similar income           EUR          5,540,439.16

    thereof from related companies       EUR          4,212,762.99

   Interest and similar expenses         EUR          1,653,886.61

    thereof paid to related companies    EUR          1,001,912.65

  Other financial result                 EUR                -19.43

   Depreciation on financial assets and

   marketable securities                 EUR                 19.43

  Financial result (+/-)                 EUR         -2,407,037.98

  Result from ordinary operations (+/-)  EUR          2,114,960.37

  Income tax / refund of income tax (+/-)EUR         -1,494,803.98

  Tax (+/-)                              EUR         -1,494,803.98

  Annual surplus / annual deficit        EUR            620,156.39

 

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.61.29

UK Pound

1

Rs.98.62

Euro

1

Rs.78.15

 

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

TPT

 


 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.