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Report No. : |
318324 |
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Report Date : |
25.04.2015 |
IDENTIFICATION DETAILS
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Name : |
OTT GMBH |
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|
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Registered Office : |
Uchenhofer Str. 35 D 97437 Haßfurt |
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|
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Country : |
Germany |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
21.01.1998 |
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Com. Reg. No.: |
HRB 3592 |
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Legal Form : |
Private limited company |
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Line of Business : |
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No. of Employee : |
8 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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|
|
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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 – 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 |
OTT GMBH
Company Status: active
Uchenhofer Str. 35
D 97437 Haßfurt
Telephone:09521/7940
Telefax: 09521/64892
Homepage:
www.naturstein-ott.de
E-mail: info@naturstein-ott.de
VAT no.: DE812900925
Tax ID number: 259/256/80217
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 21.01.1998
Shareholders'
agreement: 21.01.1998
Registered on: 13.08.1998
Commercial Register: Local court
96047 Bamberg
under: HRB 3592
EUR 25,564.59
Shareholder:
Werner Ott
Efeuweg 12
D 97437 Haßfurt
born: 17.03.1966
Share: EUR 25,564.59
Manager:
Werner Ott
Efeuweg 12
D 97437 Haßfurt
having sole power of
representation
born: 17.03.1966
Profession: Businessman
Marital status: married
Main industrial sector
0811
Quarrying of ornamental and building stone, limestone,
gypsum, chalk and slate
46734
Wholesale of construction materials of mineral sustances
47523
Retail sale of paints and building materials
47530
Retail sale of carpets, rugs, wall and floor coverings
Payment experience: within periods customary in this trade
Negative information:We have no negative
information at hand.
Balance sheet year: 2013
Type of ownership: Tenant
Address Uchenhofer Str. 35
D 97437 Haßfurt
Land register documents were not available.
SPARKASSE OSTUNTERFRANKEN, 97432 HAßFURT
Sort. code: 79351730
BIC: BYLADEM1HAS
RAIFFEISEN-VOLKSBANK
HAßBERGE, 97437 HAßFURT
Sort. code: 79363151
BIC: GENODEF1HAS
Turnover: 2014 *EUR 1,180,000.00
Profit: 2013 EUR 17,267.00
further business figures:
Equipment: *EUR 78,000.00
Employees:
8
The business figures marked with an asterisk
are estimates based
on average values in the line of business.
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 76.20
Liquidity ratio: 0.11
Return on total capital [%]: 0.68
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 15.82
Liquidity ratio: 0.07
Return on total capital [%]: 0.94
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 15.76
Liquidity ratio: 0.08
Return
on total capital [%]: 1.91
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 14.69
Liquidity ratio: 0.07
Return on total capital [%]: 3.84
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 2,537,865.77
Fixed assets
EUR 237,520.00
Intangible assets
EUR 1,213.00
Tangible assets
EUR 236,307.00
Current assets
EUR 2,299,843.77
Stocks
EUR 2,218,424.79
Accounts receivable
EUR 60,021.64
Liquid means
EUR 21,397.34
Remaining
other assets EUR 502.00
Accruals (assets)
EUR 502.00
LIABILITIES EUR 2,537,865.77
Shareholders' equity
EUR 393,413.20
Capital
EUR 25,564.59
Subscribed capital (share capital)
EUR 25,564.59
Reserves
EUR 350,581.24
Retained earnings / revenue reserves EUR
350,581.24
Balance sheet profit/loss (+/-)
EUR 17,267.37
Annual surplus / annual deficit
EUR 17,267.37
Provisions
EUR 42,739.77
Liabilities EUR 2,101,712.80
Type of
balance
sheet: Company balance sheet
Financial
year: 01.01.2012 - 31.12.2012
ASSETS EUR 2,362,712.78
Fixed assets
EUR 244,597.00
Intangible assets
EUR 5,369.00
Tangible assets
EUR 239,228.00
Current assets
EUR 2,114,505.78
Stocks EUR 1,906,715.59
Accounts receivable
EUR 127,697.33
Liquid means
EUR 80,092.86
Remaining other assets
EUR 3,610.00
Accruals (assets) EUR 3,610.00
LIABILITIES EUR 2,362,712.78
Shareholders' equity
EUR 376,145.83
Capital
EUR 25,564.59
Subscribed capital (share capital)
EUR 25,564.59
Reserves
EUR 328,352.34
Retained earnings / revenue reserves EUR 328,352.34
Balance sheet profit/loss (+/-)
EUR 22,228.90
Annual surplus / annual deficit
EUR 22,228.90
Provisions
EUR 30,889.86
Liabilities
EUR 1,955,677.09
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.00 |
|
|
1 |
Rs.95.42 |
|
Euro |
1 |
Rs.68.49 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
ANK |
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.