|
Report Date : |
28.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
VOB
EDELSTAHLHANDEL GMBH & CO. KG |
|
|
|
|
Registered Office : |
Lessingstr.
39 D 21629 Neu Wulmstorf Post Box: 12 60, D 21625 |
|
|
|
|
Country : |
Germany |
|
|
|
|
Date of Incorporation : |
14.03.1979 |
|
|
|
|
Legal Form : |
Ltd partnership |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employees : |
154 |
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 |
VOß EDELSTAHLHANDEL GMBH & CO.
KG
Company Status: active
Lessingstr. 39
D 21629 Neu Wulmstorf
Post Box:
12 60, D 21625
Telephone:040/700165-55
Telefax: 040/700165-80
Homepage: www.voss-edelstahl.de
E-mail: info@voss-edelstahl.de
VAT no.: DE812036760
Tax ID number: 15/202/17509
Business relations are permissible.
LEGAL FORM Ltd partnership with priv. ltd. company as
general partner
Date of foundation: 14.03.1979
Begin of business
activities:
28.06.1995
Registered on: 16.08.1996
Register of
companies: Local
court 21255 Tostedt
under: HRA
2179
Total cap. contribution: EUR 14,000,000.00
Limited partner:
K.D. Feddersen Holding GmbH
Gotenstr. 11a
D 20097 Hamburg
Post Box:
10 10 20, D 20007 Hamburg
Legal form: Private
limited company
Share capital: EUR
55,000,000.00
Share: EUR 12,600,000.00
Registered on: 30.12.1985
Reg. data: 20355 Hamburg,
HRB 35316
Limited partner:
Markus Fischer
D 27243 Dünsen
born: 27.04.1966
Share: EUR 700,000.00
Limited partner:
Thorsten Studemund
D 25451 Quickborn
born: 30.12.1963
Share: EUR 700,000.00
General partner:
Voß Edelstahlhandel
Verwaltung GmbH
Lessingstr. 39
D 21629 Neu Wulmstorf
Legal form: Private
limited company
Share capital: EUR 60,000.00
Registered on: 08.08.1996
Reg. data: 21255 Tostedt,
HRB 4030
Shareholder:
K.D. Feddersen Holding
GmbH
Gotenstr. 11a
D 20097 Hamburg
Post Box:
10 10 20, D 20007 Hamburg
Legal form: Private
limited company
Share capital: EUR
55,000,000.00
Share: EUR 60,000.00
Registered on: 30.12.1985
Reg. data: 20355 Hamburg,
HRB 35316
Manager:
Markus Fischer
D 27243 Dünsen
having sole power of
representation
born: 27.04.1966
Manager:
Thorsten Studemund
D 25451 Quickborn
having sole power of
representation
born: 30.12.1963
Profession: Businessman
President of the Supervisory Board:
Prof.Dr. Peter Rawert
D 20095 Hamburg
born: 20.01.1959
Profession: Lawyer
Marital status: unknown
Member of the Supervisory Board:
Uwe Voß
D 22587 Hamburg
born: 10.10.1941
Profession: Businessman
Marital status: married
Member of the Supervisory Board:
Olaf Meuser
D 21266 Jesteburg
born: 17.10.1958
Profession: Bank employee
Marital status: unknown
Member of the Supervisory Board:
Matthias von Rönn
D 20095 Hamburg
born: 26.05.1967
27.07.1979 - 16.08.1996 Voß Edelstahlhandel G.m.b.H.
Lessingstr. 39
D 21629 Neu Wulmstorf
Private limited
company
Sectors
46721
Wholesale of iron ores, iron, steel and iron and steel semi-finished goods
46903 Non-specialized wholesale trade
52291 Forwarding agency
Branch:
Voß Edelstahlhandel GmbH
& Co. KG
Teilungsweg 31
D 45329 Essen
TEL.: 0201/835220
Branch:
Voß Edelstahlhandel GmbH
& Co. KG
Hennersdorferstr. 34
A 2333 Leopoldsdorf
TEL.: 0043 2235 47505
FAX.: 0043 2235 4750550
Branch:
Voß Edelstahlhandel GmbH
& Co. KG
Drescherstr. 41
D 71277 Rutesheim
Payment
experience: within agreed terms
Negative information: We have no negative information at hand.
Type of ownership: proprietor
Share: 100.00 %
Address Lessingstr. 39
D 21629 Neu Wulmstorf
Value at selling price: EUR 2,040,000.00
Type of ownership: proprietor
Share: 100.00 %
Address Gottlieb-Daimler-Str.
3
D 21629 Neu Wulmstorf
Real Estate of: Voß
Edelstahlhandel Verwaltung GmbH
Type of ownership: Tenant
Address Lessingstr.
39
D 21629 Neu Wulmstorf
Land register documents were not available.
Principal bank
DEUTSCHE BANK, 20079 HAMBURG
Sort. code: 20070000, Account no.: 931401400
BIC: DEUTDEHHXXX, IBAN: DE15200700000931401400
Further banks
VOLKSBANK LÜNEBURGER HEIDE, 21224 ROSENGARTEN,
KR HARBURG
Sort. code: 24060300, Account no.: 202100500
BIC: GENODEF1NBU, IBAN: DE55240603000202100500
COMMERZBANK, 20454 HAMBURG
Sort. code: 20040000, Account no.: 4142121
BIC: COBADEHHXXX, IBAN: DE64200400000414212100
UNICREDIT BANK - HYPOVEREINSBANK, 20454
HAMBURG
Sort. code: 20030000, Account no.: 50892000
BIC: HYVEDEMM300, IBAN: DE51200300000050892000
Financial year: 01.01. - 31.12.
Turnover: 2013 *EUR 29,437,500.00
Equipment: *EUR 1,237,500.00
Ac/ts receivable: *EUR 4,012,500.00
Liabilities: *EUR 6,112,500.00
Total numbers of
vehicles:
8
- Passenger cars:
8
Employees:
154
- Trainees:
4
The business figures marked with an asterisk
are estimates based on average values in the line of business.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.22 |
|
|
1 |
Rs.98.52 |
|
Euro |
1 |
Rs.77.75 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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.