|
Report No. : |
318581 |
|
Report Date : |
20.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
TM RECYCLING GMBH |
|
|
|
|
Registered Office : |
Böternhöfen 13, D 24594 Hohenwestedt |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
25.03.2009 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
·
Wholesale of waste and scrap ·
Freight transport by road |
|
|
|
|
No. of Employees : |
33 |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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, 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 2014. The new German government introduced
a minimum wage of about $11.60 (8.50 euros) 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%. The budget was essentially in
balance in 2014. 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 plans to replace nuclear power
with renewable energy, which accounts for 34% of total energy consumption, up
from 9% in 2000. 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 |
TM RECYCLING GMBH
Company Status: active
Böternhöfen 13
D 24594 Hohenwestedt
Telephone:04871/70800
Telefax: 04871/7080155
Homepage: www.tm-recycling.com
E-mail: info@tm-recycling.com
VAT no.: DE264172100
Tax ID number: 19 298 00558
LEGAL FORM Private
limited company
Date of foundation: 25.03.2009
Begin of business
activities: 25.03.2009
Shareholders'
agreement: 25.03.2009
Registered on: 29.05.2009
Commercial Register: Local court 24114 Kiel
under: HRB 10811 KI
Share capital: EUR 250,000.00
Shareholder:
Andreas
Mensing
Dorfstr. 2
D 24790 Rade
born:
09.08.1968
Share: EUR 125,000.00
Shareholder:
Christian
Mensing
Tilsiter Str.
16b
D 24539
Neumünster
born:
26.06.1972
Share: EUR 125,000.00
Manager:
Andreas
Michael Konopko
Hainholzweg
81
D 21077
Hamburg
having sole
power of representation
born:
25.09.1966
Profession:
Businessman
Marital
status: unknown
Manager:
Andreas
Mensing
Dorfstr. 2
D 24790 Rade
having sole
power of representation
born: 09.08.1968
Profession:
Businessman
Manager:
Christian
Mensing
Tilsiter Str.
16b
D 24539
Neumünster
having sole
power of representation
born: 26.06.1972
Profession:
Businessman
Marital
status: single
Further functions/participations of Andreas Michael Konopko
(Manager)
Manager:
AFA Nord GmbH
Agrarfolienaufbereitung
Böternhöfen
13
D 24594
Hohenwestedt
Legal form:
Private limited company
Share
capital: EUR 25,000.00
Registered
on:
30.12.2009
Reg.
data: 24114 Kiel, HRB 11420 KI
Further functions/participations of Andreas Mensing (Manager)
Proprietor:
Andreas
Mensing e. K.
Dorfstr. 2
D 24594 Rade
Legal form:
Sole proprietorship
Registered
on: 04.04.2011
Reg.
data: 24114 Kiel, HRA 7403 KI
Shareholder:
PFR Nord GmbH
PET Flaschen Recycling
Böternhöfen
13
D 24594
Hohenwestedt
Legal form:
Private limited company
Share
capital: EUR 100,000.00
Share: EUR 100,000.00
Registered
on: 28.09.2011
Reg.
data: 24114 Kiel, HRB 13268 KI
Shareholder:
AM
Verwaltungs GmbH
Dorfstr. 2
D 24594 Rade
Legal form:
Private limited company
Share
capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 21.06.2002
Reg.
data: 24114 Kiel, HRB 10063 KI
Shareholder:
AFA Nord GmbH
Agrarfolienaufbereitung
Böternhöfen
13
D 24594
Hohenwestedt
Legal form: Private limited company
Share
capital: EUR 25,000.00
Share: EUR 23,500.00
Registered
on: 30.12.2009
Reg. data: 24114 Kiel, HRB 11420 KI
Shareholder:
HUAN YU
International GmbH
Leserkamp 7b
D 24594
Hohenwestedt
Legal form:
Private limited company
Share capital: EUR 25,000.00
Share: EUR 11,250.00
Registered
on: 14.06.2010
Reg.
data: 24114 Kiel, HRB 11979 KI
Manager:
AM
Verwaltungs GmbH
Dorfstr. 2
D 24594 Rade
Legal form:
Private limited company
Share
capital: EUR 25,000.00
Registered
on: 21.06.2002
Reg.
data: 24114 Kiel, HRB 10063 KI
Manager:
AFA Nord GmbH
Agrarfolienaufbereitung
Böternhöfen
13
D 24594
Hohenwestedt
Legal form:
Private limited company
Share
capital: EUR 25,000.00
Registered
on: 30.12.2009
Reg.
data: 24114 Kiel, HRB 11420 KI
Manager:
PFR Nord GmbH
PET Flaschen Recycling
Böternhöfen
13
D 24594
Hohenwestedt
Legal form:
Private limited company
Share capital: EUR 100,000.00
Registered
on: 28.09.2011
Reg.
data: 24114 Kiel, HRB 13268 KI
Manager:
HUAN YU
International GmbH
Leserkamp 7b
D 24594
Hohenwestedt
Legal form:
Private limited company
Share
capital: EUR 25,000.00
Registered
on: 14.06.2010
Reg. data: 24114 Kiel, HRB 11979 KI
Further functions/participations of Christian Mensing (Manager)
Shareholder:
KGH
Kunststoffgesellschaft mbH
Böternhöfen
13
D 24594
Hohenwestedt
Legal form: Private limited
company
Share
capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 08.11.2013
Reg.
data: 24114 Kiel, HRB 15276 KI
Shareholder:
AFA Nord GmbH
Agrarfolienaufbereitung
Böternhöfen
13
D 24594
Hohenwestedt
Legal form:
Private limited company
Share
capital: EUR 25,000.00
Share: EUR 1,500.00
Registered
on: 30.12.2009
Reg. data: 24114 Kiel, HRB 11420 KI
Manager:
AFA Nord GmbH
Agrarfolienaufbereitung
Böternhöfen
13
D 24594
Hohenwestedt
Legal form:
Private limited company
Share capital: EUR 25,000.00
Registered
on: 30.12.2009
Reg.
data: 24114 Kiel, HRB 11420 KI
Manager:
PFR Nord GmbH
PET Flaschen Recycling
Böternhöfen 13
D 24594
Hohenwestedt
Legal form:
Private limited company
Share
capital: EUR 100,000.00
Registered
on: 28.09.2011
Reg.
data: 24114 Kiel, HRB 13268 KI
Manager:
KGH
Kunststoffgesellschaft mbH
Böternhöfen
13
D 24594
Hohenwestedt
Legal form:
Private limited company
Share
capital: EUR 25,000.00
Registered
on: 08.11.2013
Reg.
data: 24114 Kiel, HRB 15276 KI
25.03.2009 - 15.03.2010 TM Recycling
GmbH
Kieler
Str. 560
D 24536
Neumünster
Private
limited company
16.03.2010 - 28.02.2011 TM
Recycling GmbH
Am
Aalberg 1-4
D 24644
Loop
Private
limited company
Main industrial sector
46770 Wholesale of waste and
scrap
49410 Freight transport by road
Secondary industrial sector
64200 Activities of holding
companies
7010 Activities of head offices
Payment experience: within agreed
terms
Negative information: We have no negative information at hand.
Type of ownership: Tenant
Address Böternhöfen
13
D 24594
Hohenwestedt
Real Estate of: Andreas
Mensing
Type of ownership: proprietor
Share: 100.00 %
Address Dorfstr. 2
D 24790 Rade
Type of real estate: detached single-family house
Real Estate of: Christian
Mensing
Type of ownership: proprietor
Share: 100.00 %
Address Tilsiter Str.
16b
D 24539
Neumünster
Type of real estate: detached single-family house
Land register documents were not available.
COMMERZBANK, 24100 KIEL
Sort. code: 21040010
BIC: COBADEFFXXX
SPARKASSE SÜDHOLSTEIN, 24531 NEUMÜNSTER, HOLST
Sort. code: 23051030
BIC: NOLADE21SHO
Gross profit or loss: 2013 EUR 8,157,553.00
Profit: 2013 EUR 453,433.00
Equipment:
EUR 237,443.00
Ac/ts receivable:
EUR 4,000,259.00
Liabilities:
EUR 5,797,078.00
Employees: 33
- thereof permanent staff: 33
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]:
24.88
Liquidity ratio: 0.81
Return on total capital [%]:
6.33
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]:
26.14
Liquidity ratio:
1.04
Return on total capital [%]:
4.21
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]:
18.85
Liquidity ratio:
0.83
Return on total capital [%]:
1.18
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]:
14.47
Liquidity ratio:
0.98
Return on total capital [%]:
2.26
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 7,234,876.85
Fixed assets EUR 341,032.00
Intangible assets EUR 1,674.00
Other / unspecified intangible
assetsEUR 1,674.00
Tangible assets EUR 339,358.00
Plant / machinery EUR 101,915.00
Other tangible assets / fixtures and
fittings EUR 237,443.00
Current assets EUR 6,882,301.35
Stocks EUR 2,686,000.00
Accounts receivable EUR 4,000,259.08
Other debtors and assets EUR 4,000,259.08
Liquid means EUR 196,042.27
Remaining other assets EUR 11,543.50
Accruals (assets) EUR 11,543.50
LIABILITIES EUR 7,234,876.85
Shareholders' equity EUR 1,119,799.67
Capital EUR 250,000.00
Subscribed capital (share capital) EUR
250,000.00
Balance sheet profit/loss (+/-) EUR 869,799.67
Profit / loss brought forward EUR 416,366.44
Annual surplus / annual deficit EUR 453,433.23
Provisions EUR 312,637.25
Liabilities EUR 5,797,077.84
Financial debts EUR 1,628,336.12
Liabilities due to banks EUR 1,628,336.12
Other liabilities EUR
4,168,741.72
Unspecified other liabilities EUR 4,168,741.72
Other liabilities EUR 5,362.09
Deferred taxes (not included under
provisions/liabilities) EUR 5,362.09
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Gross result (+/-) EUR 8,157,553.69
Staff expenses EUR 1,817,787.50
Wages and salaries EUR
1,569,097.27
Social security contributions and
expenses for pension plans and
benefits EUR 248,690.23
Total depreciation EUR 102,118.56
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 102,118.56
Other operating expenses EUR 5,531,290.70
Operating result from continuing
operations
EUR 706,356.93
Interest result (+/-) EUR -68,735.06
Interest and similar income EUR 3,234.05
Interest and similar expenses EUR 71,969.11
Financial result (+/-) EUR -68,735.06
Result from ordinary operations (+/-) EUR
637,621.87
Income tax / refund of income tax
(+/-)EUR -176,373.81
Other taxes / refund of taxes EUR -7,814.83
Tax (+/-) EUR -184,188.64
Annual surplus / annual deficit EUR 453,433.23
Type
of balance
sheet: Company balance sheet
Financial
year: 01.01.2012 - 31.12.2012
ASSETS EUR 5,228,029.86
Fixed assets EUR 311,794.00
Tangible assets EUR 311,794.00
Other / unspecified tangible assets EUR
311,794.00
Current assets EUR 4,891,897.51
Stocks EUR 1,198,800.00
Accounts receivable EUR 2,913,574.06
Other debtors and assets EUR 2,913,574.06
Liquid means EUR 779,523.45
Remaining other assets EUR 24,338.35
Accruals (assets) EUR 11,371.32
Deferred taxes (assets) EUR 12,967.03
LIABILITIES EUR 5,228,029.86
Shareholders' equity EUR 666,366.44
Capital EUR 250,000.00
Subscribed capital (share capital) EUR
250,000.00
Balance sheet profit/loss (+/-) EUR 416,366.44
Profit / loss brought forward EUR 198,463.79
Annual surplus / annual deficit EUR 217,902.65
Provisions EUR 284,887.18
Liabilities EUR 4,276,776.24
Other liabilities EUR 4,276,776.24
Unspecified other liabilities EUR 4,276,776.24
Guarantees and other commitments EUR 2,761,000.00
Sureties / lendings of
creditworthiness EUR 11,000.00
Liability from creation of a security
interest for third parties EUR 2,750,000.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.35 |
|
|
1 |
Rs.93.10 |
|
Euro |
1 |
Rs.67.13 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.