|
Report Date : |
06.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
DAMSTAHL GMBH |
|
|
|
|
Registered Office : |
Raiffeisenstr. 6-8, D 40764 Langenfeld |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
08.11.1960 |
|
|
|
|
Com. Reg. No.: |
HRB 45003 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
Wholesale of iron
ores, iron, steel and iron and steel semi-finished goods 46722 Wholesale of non-ferrous ores, metals and
metal semi-finished goods |
|
|
|
|
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 |
|
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 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 |
Damstahl GmbH
Raiffeisenstr. 6-8
D 40764 Langenfeld
Telephone: 02173/797-0
Telefax: 02173/797-270
Homepage: www.damstahl.de
E-mail: dsde@damstahl.com
DE121382220
LEGAL FORM Private
limited company
Date of
foundation: 08.11.1960
Shareholders' agreement: 08.11.1960
Registered on: 30.03.1967
Commercial Register:
Local court 40227
Düsseldorf
under: HRB
45003
Share capital: EUR 5,500,000.00
DAM-Stahl A.S.
DK - Skonderborg
Legal form: Other legal
form
Share: EUR 5,500,000.00
Wolf Ehrenberg
Richard-Wagner-Str. 25
D 75038 Oberderdingen
having sole power of
representation
born: 24.08.1951
Profession: Businessman
Marital status: unknown
Manager:
Harry Ehrenberg
Flurstr. 16
CH 6340 Baar
having sole power of
representation
born: 18.12.1948
Nationality: Swiss
Manager:
Jan Mikael Staalros
Kingosvej 4
DK 8700 Horsens
having sole power of
representation
born: 18.02.1949
Profession: Businessman
Nationality: Danish
Achim Dietrich
D 47051 Duisburg
authorized to jointly
represent the company
born: 24.06.1957
Proxy:
Thomas Cramer
D 40667 Meerbusch
authorized to jointly
represent the company
born: 10.03.1967
Further functions/participations of Wolf Ehrenberg
(Manager)
Shareholder:
Kyffhäuser Pumpen Artern
GmbH
Borxlebener Str. 8
D 06556 Ringleben
Legal form: Private
limited company
Share capital: EUR 56,242.11
Share: EUR 15,338.76
Registered
on: 22.01.1999
Reg. data: 07745 Jena, HRB 110514
Manager:
Armaturenwerk Hötensleben
GmbH
Schulstr. 5-6
D 39393 Hötensleben
Legal form: Private
limited company
Share capital: EUR 4,200,000.00
Registered
on: 03.08.1990
Reg. data: 39576 Stendal, HRB 100417
Manager:
NEUMO-Grundbesitz GmbH
Henry-Ehrenberg-Platz 3
D 75438 Knittlingen
Legal form: Private
limited company
Share capital: EUR 1,279,000.00
Registered
on: 29.09.1949
Reg. data: 68159 Mannheim, HRB 510029
Further functions/participations of Harry Ehrenberg
(Manager)
Limited partner:
NEUMO Armaturenfabrik Apparatebau -
Metallgießerei GmbH &
Co. KG
Henry-Ehrenberg-Platz 1-3
D 75438 Knittlingen
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR 9,203,253.86
contribution:
Share: EUR 38,346.89
Registered
on: 01.04.1987
Reg. data: 68159 Mannheim, HRA 510539
Manager:
Senator Ehrenberg GmbH
Henry-Ehrenberg-Platz 1-3
D 75438 Knittlingen
Legal form: Private limited company
Share capital: EUR 25,600.00
Registered
on: 23.09.1986
Reg. data: 68159 Mannheim, HRB 510634
Manager:
Armaturenwerk Hötensleben GmbH
Schulstr. 5-6
D 39393 Hötensleben
Legal form: Private
limited company
Share capital: EUR 4,200,000.00
Registered
on: 03.08.1990
Reg. data: 39576 Stendal, HRB 100417
Manager:
NEUMO-Grundbesitz GmbH
Henry-Ehrenberg-Platz 3
D 75438 Knittlingen
Legal form: Private
limited company
Share capital: EUR 1,279,000.00
Registered
on: 29.09.1949
Reg. data: 68159 Mannheim, HRB 510029
Manager:
Lea Ehrenberg Verwaltungs
GmbH
Henry-Ehrenberg-Platz 1
D 75438 Knittlingen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 02.05.2014
Reg. data: 68159 Mannheim, HRB 719542
Member:
Wolf Ehrenberg, Harry
Ehrenberg, Ruth
Segev-Ehrenberg Ilona
Senderovicz
Henry-Ehrenberg-Platz 1-3
D 75438 Knittlingen
Legal form: Community of
heirs
Further functions/participations of Jan Mikael Staalros
(Manager)
Liquidator:
MKH Strenger GmbH
Raiffeisenstr. 6-8
D 40764 Langenfeld
Legal form: Private
limited company in
liquidation
Share capital: EUR 50,000.00
Registered
on: 25.02.2000
Reg. data: 40764 Langenfeld, HRB 3593
26.02.1979 -
26.10.2000 Damstahl-Verwaltungs-GmbH
Raiffeisenstr. 6-8
D 40764 Langenfeld
Private limited
company
03.11.2005 -
19.03.2012 Manager
Senator h. c. Henry
Ehrenberg
D 75438 Knittlingen
Main industrial
sector
46721 Wholesale of iron ores, iron, steel and iron
and steel semi-finished goods
46722 Wholesale of non-ferrous ores, metals and
metal semi-finished goods
Branch:
Damstahl GmbH
Bonländer Hauptstr. 66
D 70794 Filderstadt
Branch:
Damstahl GmbH
In der Alten Kaserne 1
D 39288 Burg
TEL.: 03921/9306-0
Branch:
Damstahl GmbH
Stromeyerstr. 5
D 80999 München
TEL.: 089/8132512
FAX.: 089/8132513
Branch:
Damstahl GmbH
D 20095 Hamburg
Payment
experience: cash discount/within agreed
terms
Negative
information:We have no negative information at hand.
Balance sheet
year: 2012
Type of ownership: proprietor
Share: 100.00 %
Address Raiffeisenstr. 6-8
D 40764 Langenfeld
Residential
floor 17,000.00 sq.m
space/ Usable floor
space:
Value at selling
price: EUR 700,000.00
Type of
ownership: proprietor
Share: 100.00 %
Address Hitdorfer Str. 37-39
D 40764 Langenfeld
Land register
documents were not available.
Principal bank
JYSKE BANK FIL
HAMBURG, 20023 HAMBURG
Sort. code: 20020500
BIC: JYBADEHHXXX
Further banks
COMMERZBANK VORMALS
DRESDNER BANK, 40736 LANGENFELD (RHEINLAND)
Sort. code: 30080000
BIC: DRESDEFF300
DEUTSCHE BANK, 40736
LANGENFELD (RHEINLAND)
Sort. code: 30070010
BIC: DEUTDEDDXXX
SEB, 40090 DÜSSELDORF
Sort. code: 30010111
BIC: ESSEDE5F300
POSTBANK, 51222 KÖLN
Sort. code: 37010050
BIC: PBNKDEFFXXX
STADT-SPARKASSE
LANGENFELD, 40740 LANGENFELD (RHEINLAND)
Sort. code: 37551780
BIC: WELADED1LAF
Turnover: 2012 EUR
108,545,335.00
Profit: 2012 EUR 357,573.00
Equipment:
EUR 981,453.00
Ac/ts receivable:
EUR 8,637,358.00
Liabilities: EUR 18,697,681.00
Total numbers of vehicles: 15
- Lorries:
1
Employees:
98
- thereof permanent staff: 91
- Trainees:
7
Balance sheet ratios
01.01.2012 - 31.12.2012
Equity ratio
[%]: 53.95
Liquidity
ratio: 0.46
Return on total
capital [%]: 0.84
Balance sheet ratios
01.01.2011 - 31.12.2011
Equity ratio
[%]: 55.03
Liquidity
ratio: 0.50
Return on total
capital [%]: 3.47
Balance sheet ratios
01.01.2010 - 31.12.2010
Equity ratio
[%]: 66.79
Liquidity
ratio: 0.95
Return on total
capital [%]: 11.30
Balance sheet ratios
01.01.2009 - 31.12.2009
Equity ratio
[%]: 58.56
Liquidity
ratio: 0.50
Return on total
capital [%]: 0.89
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 43,255,564.55
Fixed assets EUR 7,397,184.61
Intangible assets EUR 603,572.15
Concessions, licences, rights EUR 89,565.92
Goodwill EUR 514,006.23
Tangible assets EUR 5,916,977.23
Land / similar rights EUR 4,858,137.85
Other tangible assets / fixtures
and
fittings EUR 981,452.76
Advance payments made /
construction
in progress EUR 77,386.62
Financial assets EUR 876,635.23
Shares in participations /
subsidiaries and the like EUR 871,785.23
Shares in related
companies EUR 722,000.00
Shares in investee
companies EUR 149,785.23
Other loans EUR 4,850.00
Current assets EUR 35,837,581.54
Stocks EUR 27,163,837.51
Raw materials, consumables and
supplies EUR 5,000.00
Finished goods / work in
progress EUR 26,093,450.58
Advance payments made EUR 1,065,386.93
Accounts receivable EUR 8,637,358.48
Trade debtors EUR 5,916,059.56
Amounts due from related
companies EUR 757,194.67
Amounts due from investee
companies EUR 449,645.21
Other debtors and assets EUR 1,514,459.04
Liquid means EUR 36,385.55
Remaining other assets EUR 20,798.40
Accruals (assets) EUR 20,798.40
LIABILITIES
EUR 43,255,564.55
Shareholders' equity EUR 23,572,640.39
Capital EUR 5,500,000.00
Subscribed capital (share
capital) EUR 5,500,000.00
Reserves EUR 2,608,843.82
Capital reserves EUR 2,556,459.41
Retained earnings / revenue
reserves EUR 52,384.41
Balance sheet profit/loss
(+/-) EUR 15,463,796.57
Profit / loss brought
forward EUR 15,106,223.13
Annual surplus / annual
deficit EUR 357,573.44
Provisions EUR 964,174.84
Pension provisions and comparable
provisions EUR 647,820.00
Other / unspecified provisions EUR 316,354.84
Liabilities EUR 18,697,681.32
Financial debts EUR 13,168,029.54
Liabilities due to banks EUR 13,168,029.54
Other liabilities EUR 5,529,651.78
Trade creditors (for IAS incl.
bills
of exchange) EUR 4,757,304.58
Liabilities from received
advance
payments EUR 100,000.00
Liabililties due to related
companiesEUR 132,837.38
Liabilities due to investee
companiesEUR 1,791.47
Unspecified other
liabilities EUR 537,718.35
thereof liabilities from tax /
financial authorities EUR 412,671.15
Other liabilities EUR 21,068.00
Deferred taxes (not included
under
provisions/liabilities) EUR 21,068.00
PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Sales EUR 108,545,335.36
Other operating income EUR 737,541.68
Cost of materials EUR 94,366,746.96
Raw materials and supplies, purchased
goods EUR 94,366,746.96
Gross result (+/-) EUR 14,916,130.08
Staff expenses EUR 6,346,272.86
Wages and salaries EUR 5,295,431.69
Social security contributions and
expenses for pension plans and
benefits EUR 1,050,841.17
Total depreciation EUR 594,201.06
Depreciation on tangible /
intangible
asssets (incl. start-up and exp.
of
bus. EUR 594,201.06
Other operating expenses EUR 7,183,792.41
Operating result from continuing
operations EUR 791,863.75
Interest result (+/-) EUR -250,859.27
Interest and similar income EUR 28,404.53
thereof from related
companies EUR 7,804.92
Interest and similar
expenses EUR 279,263.80
Other financial result EUR 94.90
Income from securities and loans
from
financial assets EUR 94.90
Financial result (+/-) EUR -250,764.37
Result from ordinary operations
(+/-) EUR 541,099.38
Income tax / refund of income tax
(+/-)EUR -164,732.35
Other taxes / refund of taxes EUR -18,793.59
Tax (+/-) EUR -183,525.94
Annual surplus / annual
deficit EUR 357,573.44
Type of balance
sheet: Company
balance sheet
Financial year: 01.01.2011 -
31.12.2011
ASSETS
EUR 41,866,468.68
Fixed assets EUR 6,129,764.39
Intangible assets EUR 511,292.53
Goodwill EUR 511,292.53
Tangible assets EUR 5,365,936.63
Land / similar rights EUR 4,480,372.21
Other tangible assets / fixtures
and
fittings EUR 885,564.42
Financial assets EUR 252,535.23
Shares in participations /
subsidiaries and the like EUR 249,785.23
Shares in related
companies EUR 100,000.00
Shares in investee
companies EUR 149,785.23
Other loans EUR 2,750.00
Current assets EUR 35,617,003.50
Stocks EUR 27,155,346.42
Raw materials, consumables and
supplies EUR 5,000.00
Finished goods / work in
progress EUR 26,021,460.39
Advance payments made EUR 1,128,886.03
Accounts receivable EUR 8,338,115.62
Trade debtors EUR 5,395,063.66
Amounts due from related
companies EUR 665,082.16
Amounts due from investee
companies EUR 375,533.18
Other debtors and assets EUR 1,902,436.62
Liquid means EUR 123,541.46
Remaining other assets EUR 119,700.79
Accruals (assets) EUR 24,143.79
Deferred taxes (assets) EUR 95,557.00
LIABILITIES
EUR 41,866,468.68
Shareholders' equity EUR 23,215,066.95
Capital EUR 5,500,000.00
Subscribed capital (share
capital) EUR 5,500,000.00
Reserves EUR 2,608,843.82
Capital reserves EUR 2,556,459.41
Retained earnings / revenue
reserves EUR 52,384.41
Balance sheet profit/loss
(+/-) EUR 15,106,223.13
Profit / loss brought
forward EUR 13,675,917.04
Annual surplus / annual
deficit EUR 1,430,306.09
Provisions EUR 1,806,640.81
Pension provisions and comparable
provisions EUR 652,468.00
Provisions for taxes EUR 636,606.00
Other / unspecified
provisions EUR 517,566.81
Liabilities EUR 16,844,760.92
Financial debts EUR
11,094,844.27
Liabilities due to banks EUR 11,094,844.27
Other liabilities EUR 5,749,916.65
Trade creditors (for IAS incl.
bills
of exchange) EUR 5,277,185.45
Liabililties due to related
companiesEUR 55,273.75
Unspecified other
liabilities EUR 417,457.45
PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Sales EUR
109,415,848.48
Other operating income EUR 729,283.56
Cost of materials EUR 95,946,106.59
Raw materials and supplies,
purchased
goods EUR 95,946,106.59
Gross result (+/-) EUR 14,199,025.45
Staff expenses EUR 4,919,531.61
Wages and salaries EUR 4,099,758.44
Social security contributions and
expenses for pension plans and
benefits EUR 819,773.17
Total depreciation EUR 463,289.38
Depreciation on tangible /
intangible
asssets (incl. start-up and exp.
of
bus. EUR 463,289.38
Other operating expenses EUR 6,491,701.89
Operating result from continuing
operations EUR 2,324,502.57
Interest result (+/-) EUR -221,031.91
Interest and similar income EUR 18,486.81
Interest and similar
expenses EUR 239,518.72
Other financial result EUR 238.01
Income from securities and loans
from
financial assets EUR 238.01
Financial result (+/-) EUR -220,793.90
Result from ordinary operations
(+/-) EUR 2,103,708.67
Income tax / refund of income tax
(+/-)EUR -644,716.47
Other taxes / refund of taxes EUR -28,686.11
Tax (+/-) EUR -673,402.58
Annual surplus / annual
deficit EUR 1,430,306.09
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.43 |
|
|
1 |
Rs.98.64 |
|
Euro |
1 |
Rs.78.19 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.