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Report Date : |
03.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
HERMANN STAHLSCHMIDT STAHLGES. M.B.H. |
|
|
|
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Registered Office : |
Formerweg 1 + 2, D 47877 Willich |
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Country : |
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|
|
|
Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
1933 |
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|
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Com. Reg. No.: |
HRB 2072 |
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Legal Form : |
Private limited company |
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Line of Business : |
·
Wholesale
of iron ores, iron, steel and iron and steel semi-finished goods ·
Wholesale
of tools and hardware Secondary industrial sector ·
Activities
of holding companies |
|
|
|
|
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 |
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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 – June 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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 |
Hermann Stahlschmidt Stahlges. m.b.H.
Formerweg 1 + 2
D 47877 Willich
Telephone: 02154/4999-0
Telefax: 02154/4999-28
Homepage: www.hersta.de
E-mail: info@hersta.de
DE119106514
102/5820/0076
Business relations are
permissible.
LEGAL FORM Private
limited company
Date of foundation: 1933
Shareholders'
agreement: 01.06.1980
Registered on: 13.08.1980
Commercial Register: Local court 47798 Krefeld
under: HRB
2072
Share capital: EUR 10,000,000.00
Edna
Wollenweber
Hermann-Löns-Weg 12a
D
61476 Kronberg
born:
09.10.1974
née: Balzer
Share: EUR 5,000,000.00
Shareholder:
Helga
Gentz
Kreuzbergstr. 71
D
40489 Düsseldorf
born:
22.08.1937
Share: EUR 2,500,000.00
Shareholder:
Jörg
Eckel
Adlerhorst 12a
D
45478 Mülheim
born:
02.10.1975
Share: EUR 1,250,000.00
Shareholder:
Antje
Bach
Baldestr. 4a
D
80469 München
born:
07.02.1970
née:
Eckel
Share: EUR 1,250,000.00
Gerhard van Benthum
D
47589 Uedem
born:
11.01.1951
Proxy:
Dr.
Jakob Balzer
D
40210 Düsseldorf
having
sole power of representation
born:
02.09.1982
01.06.1980 -
07.12.2006 Hermann Stahlschmidt
Stahlges. mbH
An
Liffersmühle 99
D 47877
Willich
Private limited company
21.10.2010 -
18.07.2012 Manager
Manfred Lipp
D
41372 Niederkrüchten
Main industrial sector
46721
Wholesale of iron ores, iron, steel and iron and steel semi-finished
goods
46741 Wholesale of tools and hardware Secondary
industrial sector
6420
Activities of holding companies
Payment experience: within agreed terms
Negative information:We
have no negative information at hand.
Balance sheet grade:
1.7 The balance sheet grade ranges
from
1.0 to 5.0. It is based on the
following ratios: equity ratio,
liquidity ratio and return on total
capital from the balance sheets
published in the Federal Gazette.
The balance sheet grade forms part
of the Solvency Rating[NG].
Balance sheet year: 2012
Type of ownership: Tenant
Address Formerweg 1 + 2
D
47877 Willich
Land register documents
were not available.
Principal bank
DEUTSCHE BANK, 40189
DÜSSELDORF
Sort. code: 30070010
BIC: DEUTDEDDXXX
Further bank
SPARKASSE KREFELD, 47719
KREFELD
Sort. code: 32050000
BIC: SPKRDE33XXX
Gross
profit or loss:2012
EUR 8,445,976.00
2013 EUR 8,450,000.00
Profit: 2012 EUR 771,463.00
further business figures:
Equipment: EUR 206,792.00
Ac/ts receivable: EUR 3,848,613.00
Liabilities: EUR 1,437,693.00
Employees:
72
- thereof
permanent staff: 72
Balance sheet ratios
01.01.2012 - 31.12.2012
Equity ratio [%]: 86.92
Liquidity ratio: 10.00
Return on total capital
[%]: 2.33
Balance sheet ratios
01.01.2011 - 31.12.2011
Equity ratio [%]: 81.53
Liquidity ratio: 10.00
Return on total capital
[%]: 10.05
Balance sheet ratios
01.01.2010 - 31.12.2010
Equity ratio [%]: 84.00
Liquidity ratio: 10.00
Return on total capital
[%]: 12.19
Balance sheet ratios
01.01.2009 - 31.12.2009
Equity ratio [%]: 85.96
Liquidity ratio: 10.00
Return on total capital
[%]: -2.73
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 33,138,111.77
Fixed assets
EUR 5,770,958.38
Intangible assets
EUR 11,235.70
Concessions, licences, rights
EUR 11,235.70
Tangible assets
EUR 5,759,722.68
Land / similar rights
EUR 5,017,770.50
Plant / machinery
EUR 515,660.29
Other tangible assets / fixtures and
fittings
EUR 206,791.89
Advance payments made / construction
in progress
EUR 19,500.00
Current assets
EUR 27,367,153.39
Stocks
EUR 19,787,260.97
Raw materials, consumables and
supplies
EUR 30,000.00
Finished goods / work in progress
EUR 19,757,260.97
Accounts receivable
EUR 3,848,612.80
Trade debtors
EUR 1,677,982.92
Other debtors and assets
EUR 2,170,629.88
Liquid means
EUR 3,731,279.62
LIABILITIES EUR 33,138,111.77
Shareholders' equity
EUR 28,802,012.97
Capital
EUR 10,000,000.00
Subscribed capital (share capital)
EUR 10,000,000.00
Reserves
EUR 10,091,668.00
Retained earnings / revenue reserves EUR 10,091,668.00
Balance sheet profit/loss (+/-)
EUR 8,710,344.97
Profit / loss brought forward EUR 7,938,881.70
Annual surplus / annual deficit
EUR 771,463.27
Provisions
EUR 2,897,995.70
Pension provisions and comparable
provisions
EUR 2,091,783.00
Provisions for taxes
EUR 113,400.00
Other / unspecified provisions
EUR 692,812.70
Liabilities
EUR 1,437,693.10
Other liabilities
EUR 1,437,693.10
Trade creditors (for IAS incl. bills
of exchange)
EUR 1,179,272.66
Unspecified other liabilities
EUR 258,420.44
thereof liabilities from tax /
financial
authorities EUR 179,142.96
thereof liabilities from social
security
EUR 34,231.93
Other liabilities
EUR 410.00
Deferrals (liabilities)
EUR 410.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 8,445,975.78
Staff expenses
EUR 4,704,645.61
Wages and salaries
EUR 4,093,998.22
Social security contributions and
expenses for pension plans and
benefits
EUR 610,647.39
Total depreciation
EUR 397,058.51
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 397,058.51
Other operating expenses
EUR 2,130,674.68
Operating result from continuing
operations
EUR 1,213,596.98
Interest result (+/-)
EUR -56,360.67
Interest and similar income
EUR 46,633.33
Interest and similar expenses
EUR 102,994.00
Financial result (+/-)
EUR -56,360.67
Result from ordinary operations (+/-)
EUR 1,157,236.31
Income tax / refund of income tax (+/-)EUR -303,036.32
Other taxes / refund of taxes EUR -82,736.72
Tax
(+/-)
EUR -385,773.04
Annual surplus / annual deficit
EUR 771,463.27
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 36,834,101.64
Fixed assets
EUR 6,149,945.29
Intangible assets
EUR 35,465.70
Concessions, licences, rights
EUR 35,465.70
Tangible assets
EUR 6,114,479.59
Land / similar rights
EUR 5,241,830.50
Plant / machinery
EUR 598,443.47
Other tangible assets / fixtures and
fittings
EUR 274,205.62
Current assets
EUR 30,684,156.35
Stocks
EUR 19,608,802.26
Raw materials, consumables and
supplies
EUR 30,000.00
Finished goods / work in progress
EUR 19,578,802.26
Accounts receivable
EUR 3,085,532.40
Trade debtors
EUR 2,195,193.25
Other debtors and assets
EUR 890,339.15
Liquid means
EUR 7,989,821.69
LIABILITIES EUR 36,834,101.64
Shareholders' equity
EUR 30,030,549.70
Capital
EUR 10,000,000.00
Subscribed capital (share capital)
EUR 10,000,000.00
Reserves
EUR 10,091,668.00
Retained earnings / revenue reserves EUR 10,091,668.00
Balance sheet profit/loss (+/-)
EUR 9,938,881.70
Profit / loss brought forward
EUR 6,238,572.41
Annual surplus / annual deficit
EUR 3,700,309.29
Provisions EUR 4,642,615.54
Pension provisions and comparable
provisions
EUR 2,091,490.00
Provisions for taxes
EUR 1,271,764.00
Other / unspecified provisions EUR 1,279,361.54
Liabilities
EUR 2,160,936.40
Other liabilities
EUR 2,160,936.40
Trade creditors (for IAS incl. bills
of exchange)
EUR 1,965,940.61
Unspecified other liabilities
EUR 194,995.79
thereof liabilities from tax /
financial authorities
EUR 131,369.55
thereof liabilities from social
security EUR 35,353.92
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 12,322,978.69
Staff expenses
EUR 4,617,769.03
Wages
and salaries EUR 4,065,905.05
Social security contributions and
expenses for pension plans and
benefits
EUR 551,863.98
Total depreciation
EUR 417,251.13
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 417,251.13
Other operating expenses
EUR 1,923,813.25
Operating result from continuing
operations
EUR 5,364,145.28
Interest result (+/-)
EUR -54,745.29
Interest and similar income
EUR 51,272.71
Interest and similar expenses
EUR 106,018.00
Financial result (+/-)
EUR -54,745.29
Result from ordinary operations (+/-)
EUR 5,309,399.99
Income tax / refund of income tax (+/-)EUR -1,571,956.65
Other taxes / refund of taxes
EUR -37,134.05
Tax
(+/-)
EUR -1,609,090.70
Annual surplus / annual deficit
EUR 3,700,309.29
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.61 |
|
|
1 |
Rs.100.48 |
|
Euro |
1 |
Rs.79.56 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
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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.