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Report No. : |
319244 |
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Report Date : |
25.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
STAPPERT DEUTSCHLAND GMBH |
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Registered Office : |
Willstätterstr. 13, D 40549 Düsseldorf,
Post Box 11 11 31, D 40511 Düsseldorf |
|
|
|
|
Country : |
Germany |
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|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
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Date of Incorporation : |
11.10.1922 |
|
|
|
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Com. Reg. No.: |
HRB 20 |
|
|
|
|
Legal Form : |
Private Limited Company |
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|
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Line of Business : |
·
distributors of Long Products, Pipe Fittings,
Bars, Hollow Bars, Flat Bars, Key Steel, Square or Hexagonal Bars, Tubes,
Angles, Sections and Sheets Made from Stainless Steel ·
Wholesaler of Iron Ores, Iron, Steel
and Iron as well as Steel Semi-Finished
Goods · Wholesaler of Non-Ferrous Ores, Metals and Metal Semi-Finished Goods Subject product ranges according to the different grades are as follows:- ·
Stainless Steels (Hot-Formed Bars, Polished Bars, Cold-Formed Bars, Sections, Special
Sections, Hollow Bars Round Seamless Pipes And Tubes, Welded Pipes And Tubes
& Fittings) ·
Highly Corrosion Resistant Steels (Hot-Formed Bars, Cold-Formed Bars, Sections, Hollow Bars, Plates And
Sheets, Seamless Pipes And Tubes, Welded Pipes And Tubes & Fittings) ·
Heat Resistant Steels (Hot-Formed Bars, Cold-Formed Bars, Sections, Plates And Sheets, Hollow
Bars Round & Seamless Pipes And Tubes) ·
Duplex And Superduplex Steels (1.4460 Duplex, 1.4462 Duplex, 1.4410
Superduplex, 1.4501 Superduplex, Hot-Formed Bars, Cold-Formed Bars, Seamless
Pipes And Tubes, Hollow Bars Round & Fittings) |
|
|
|
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No of Employees : |
323 |
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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 |
Stappert Deutschland GmbH
Willstätterstr. 13
D 40549 Düsseldorf
Post Box:
11 11 31, D 40511 Düsseldorf
Telephone: 0211/5279-0
Telefax: 0211/5279-177
Homepage: www.stappert.biz/deutschland
E-mail: deutschland@stappert.biz
DE119268333
active
Business relations are permissible.
LEGAL FORM Private limited company
Registered on: 11.10.1922
Commercial Register: Local
court 40227 Düsseldorf
under: HRB 20
Share capital:
EUR 8,871,000.00
Jacquet Metal Service SA
F - Saint-Priest
Legal form: Other legal form
Share: EUR 8,871,000.00
Wolfgang Hartmann
D 58239 Schwerte
having sole power of representation
born: 12.10.1954
Manager:
Eric
Michel Jacquet
F Vernaison
having
sole power of representation
born:
09.01.1959
Nationality: French
Manager:
Peter
Kolz
D
40880 Ratingen
authorized
to jointly represent the company
born:
24.04.1963
Profession: Businessman
Manager:
Thierry Robert Arthur Philippe
F Lyon
born:
02.07.1975
Nationality: French
Roland Flach
D 40789 Monheim
authorized to jointly represent the company
born: 15.11.1960
Proxy:
Marc
Steffen
D
46514 Schermbeck
authorized
to jointly represent the company
born:
15.03.1971
Profession: Clerk
Proxy:
Dipl.-Betriebswirt Louis-Patrice Ntivyihabwa
Neckarstr. 17
D
40219 Düsseldorf
Proxy:
Marc
Brucherseifer
D
04029 Leipzig
authorized to jointly represent the company
born:
23.02.1976
Proxy:
Colin
Hesse
D 30159 Hannover
authorized to jointly represent the company
born:
19.10.1973
Proxy:
Dirk
Fälber
D
36280 Oberaula
authorized
to jointly represent the company
born:
02.06.1968
Proxy:
Roman
Meier
D
68159 Mannheim
authorized to jointly represent the company
born:
18.06.1970
Proxy:
Bettina Baer
D
20095 Hamburg
authorized to jointly represent the company
born:
12.12.1963
Further
functions/participations of Eric Michel Jacquet (Manager)
Manager:
JACQUET Deutschland GmbH
Bahnstr. 38
D
44793 Bochum
Legal
form: Private limited company
Share
capital: EUR 26,000.00
Registered
on: 12.11.2013
Reg.
data: 44787 Bochum, HRB 14692
Manager:
IMS
group Holding Deutschland GmbH
Willstätterstr. 13
D 40549 Düsseldorf
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 12.07.2013
Reg. data:
40227 Düsseldorf, HRB 70611
Further
functions/participations of Peter Kolz (Manager)
Manager:
FINKENHOLL-STAHL-SERVICE-CENTER GmbH
Bahnstr. 38
D
44793 Bochum
Legal form: Private limited company
Share
capital: EUR 1,320,000.00
Registered
on: 28.04.1959
Reg.
data: 44787 Bochum, HRB 146
Manager:
IMS
group Holding Deutschland GmbH
Willstätterstr. 13
D
40549 Düsseldorf
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 12.07.2013
Reg.
data: 40227 Düsseldorf, HRB 70611
Manager:
Betonstahl Bochum GmbH
Bahnstr. 38
D 44793 Bochum
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 14.02.2014
Reg.
data: 44787 Bochum, HRB 14833
Manager:
Quarto
Deutschland GmbH
Willstätterstr. 13
D
40549 Düsseldorf
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 06.02.2014
Reg.
data: 40227 Düsseldorf, HRB 71962
Further
functions/participations of Thierry Robert Arthur Philippe (Manager)
Manager:
Hoselmann Stahl GmbH Handel und Anarbeitung
Ludwig-Barnay-Str. 8
D
30175 Hannover
Post
Box:
29 09,
D 30029 Hannover
Legal
form: Private limited company
Share
capital: EUR 1,169,000.00
Registered
on: 10.05.2001
Reg.
data: 30175 Hannover, HRB 59464
Manager:
JACQUET Deutschland GmbH
Bahnstr. 38
D
44793 Bochum
Legal
form: Private limited company
Share
capital: EUR 26,000.00
Registered
on: 12.11.2013
Reg.
data: 44787 Bochum, HRB 14692
Manager:
Betonstahl Bochum GmbH
Bahnstr. 38
D
44793 Bochum
Legal form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 14.02.2014
Reg.
data: 44787 Bochum, HRB 14833
Manager:
Quarto
Deutschland GmbH
Willstätterstr. 13
D
40549 Düsseldorf
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 06.02.2014
Reg.
data: 40227 Düsseldorf, HRB 71962
Manager:
Abraservice Deutschland GmbH
Ronsdorfer Str. 24
D 40233 Düsseldorf
Legal
form: Private limited company
Share
capital: EUR 1,025,000.00
Registered
on: 03.09.2010
Reg.
data: 40227 Düsseldorf, HRB 64058
Manager:
IMS
group Holding Deutschland GmbH
Willstätterstr. 13
D
40549 Düsseldorf
Legal
form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 12.07.2013
Reg.
data: 40227 Düsseldorf, HRB 70611
11.10.1922 -
01.10.2012 Stappert Spezial-Stahl Handel
GmbH
Willstätterstr. 13
D 40549 Düsseldorf
Private limited
company
·
distributors of long products, pipe fittings, bars, hollow
bars, flat bars, key steel, square or hexagonal bars, tubes, angles, sections
and sheets made from stainless steel
·
Wholesaler of iron ores, iron, steel and iron as well as steel semi-finished
goods
·
Wholesaler
of non-ferrous ores, metals and metal semi-finished goods
Subject product ranges according to the different grades are as follows:-
·
Stainless Steels
(Hot-Formed Bars, Polished Bars, Cold-Formed Bars, Sections, Special
Sections, Hollow Bars Round
Seamless Pipes And Tubes, Welded Pipes And Tubes & Fittings)
·
Highly Corrosion Resistant Steels
(Hot-Formed Bars, Cold-Formed Bars, Sections, Hollow Bars, Plates And
Sheets, Seamless Pipes And Tubes, Welded Pipes And Tubes & Fittings)
·
Heat Resistant Steels
(Hot-Formed Bars, Cold-Formed Bars, Sections, Plates And Sheets, Hollow
Bars Round & Seamless Pipes And Tubes)
·
Duplex And Superduplex Steels
(1.4460 Duplex, 1.4462 Duplex, 1.4410 Superduplex, 1.4501 Superduplex,
Hot-Formed Bars, Cold-Formed Bars, Seamless Pipes And Tubes, Hollow Bars Round
& Fittings)
Branch:
Stappert Deutschland GmbH
Edisonstr. 19
D
59199 Bönen
TEL.:
02383/9570
FAX.:
02383/957010
Reg. entry: 21.12.2004
Branch:
Stappert Deutschland GmbH
Landsberger Allee 366
D
12681 Berlin
TEL.:
030/428403-0
Branch:
Stappert Deutschland GmbH
Josef-Beyerle-Str. 13
D
71263 Weil der Stadt
TEL.:
07033/5282-0
FAX.:
07033/4713
Reg.
entry: 18.06.1993
Branch:
Stappert
Deutschland GmbH
Paul-Gerhardt-Allee 48
D
81245 München
TEL.:
089/82917-0
FAX.:
089/82917-200
Branch:
Stappert Deutschland GmbH
Hugo-Aurig-Str. 7d
D
04319 Leipzig
TEL.:
0341/65972-0
Branch:
Stappert Deutschland GmbH
Industriestr. 9
D
36272 Niederaula
TEL.: 06625-100-0
Reg.
entry: 22.09.1994
Branch:
Stappert Deutschland GmbH
Am
Plärrer 27
D
90443 Nürnberg
TEL.:
0911/393626-0
Branch:
Stappert Deutschland GmbH
An der
Strusbek 54
D
22926 Ahrensburg
TEL.:
04102/474110
FAX.:
04102/474122
Reg.
entry: 11.10.1922
Branch:
Stappert Deutschland GmbH
Mitscherlichstr. 9
D
79108 Freiburg
TEL.:
0761/55965-0
Branch:
Stappert Deutschland GmbH
Karl-Wiechert-Allee
76
D
30625 Hannover
TEL.:
0511/54097-0
Branch:
Stappert Deutschland GmbH
Donaustr. 64-66
D
68199 Mannheim
TEL.: 0621/84216-0
Branch:
Stappert Deutschland GmbH
Ronsdorfer Str. 24
D
40233 Düsseldorf
TEL.:
0211/99550-0
Branch:
Stappert Deutschland GmbH
Wilhelmstr. 22
D
89073 Ulm
TEL.:
0731/140129-0
Payment experience: within
agreed terms
Negative information: We
have no negative information at hand.
Balance sheet year: 2013
Type of ownership: Tenant
Address Willstätterstr. 13
D 40549 Düsseldorf
Land register documents were not available.
Principal bank
DEUTSCHE BANK, 40189 DÜSSELDORF
Sort. code: 30070010, Account no.: 3635000
BIC: DEUTDEDDXXX, IBAN: DE59300700100363500000
Further banks
BANKHAUS LAMPE, 40005 DÜSSELDORF
Sort. code: 48020151, Account no.: 1512196
BIC: LAMPDEDDXXX, IBAN: DE43480201510001512196
COMMERZBANK VORMALS DRESDNER BANK, 40002 DÜSSELDORF
Sort. code: 30080000
BIC: DRESDEFF300
UNICREDIT BANK - HYPOVEREINSBANK, 40212 DÜSSELDORF
Sort. code: 30220190, Account no.: 364055544
BIC: HYVEDEMM414, IBAN: DE30302201900364055544
Turnover: 2013 EUR 245,543,580.00
Profit: 2013 EUR 3,653,994.00
Equipment: EUR 1,462,925.00
Ac/ts receivable: EUR 25,053,043.00
Liabilities: EUR 45,434,916.00
Employees:
323
-
thereof permanent staff: 323
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity
ratio [%]: 62.10
Liquidity ratio: 0.60
Return on total capital [%]: 2.68
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 64.07
Liquidity ratio: 0.71
Return
on total capital [%]: 5.34
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 64.12
Liquidity ratio: 0.85
Return on total capital [%]: 7.51
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity
ratio [%]: 68.22
Liquidity ratio: 1.30
Return on total capital [%]: 12.14
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 136,132,034.92
Fixed assets EUR 54,776,480.71
Intangible assets
EUR 57,515.00
Concessions, licences, rights
EUR 57,513.00
Goodwill
EUR 2.00
Tangible assets EUR 5,403,395.04
Land / similar rights
EUR 3,940,470.04
Other tangible assets / fixtures and
fittings
EUR 1,462,925.00
Financial assets EUR 49,315,570.67
Shares in participations /
subsidiaries and the like
EUR 49,315,570.67
Shares in related companies
EUR 49,315,570.67
Current assets
EUR 81,311,179.43
Stocks
EUR 55,773,549.57
Raw materials, consumables and
supplies
EUR 332,547.81
Finished goods / work in progress
EUR 55,441,001.76
Accounts receivable
EUR 25,053,043.26
Trade debtors
EUR 7,255,272.81
Amounts due from related companies
EUR 15,539,191.45
Other debtors and assets
EUR 2,258,579.00
Liquid means
EUR 484,586.60
Remaining other assets
EUR 44,374.78
Accruals (assets)
EUR 44,374.78
LIABILITIES EUR 136,132,034.92
Shareholders' equity
EUR 81,677,544.14
Capital
EUR 8,871,000.00
Subscribed capital (share capital)
EUR 8,871,000.00
Balance sheet profit/loss (+/-)
EUR 72,806,544.14
Profit / loss brought forward
EUR 69,152,550.27
Annual surplus / annual deficit
EUR 3,653,993.87
Provisions
EUR 9,019,574.34
Pension provisions and comparable
provisions
EUR 5,835,543.48
Other / unspecified provisions
EUR 3,184,030.86
Liabilities
EUR 45,434,916.44
Financial debts
EUR 14,415,974.73
Liabilities due to banks
EUR 14,415,974.73
Other liabilities
EUR 31,018,941.71
Trade creditors (for IAS incl. bills
of exchange)
EUR 26,971,122.06
Liabilities from received advance
payments
EUR 89,531.74
Liabililties due to related companiesEUR 2,866,497.89
Unspecified other liabilities
EUR 1,091,790.02
thereof liabilities from tax /
financial authorities
EUR 694,990.33
thereof liabilities from social
security
EUR 4,601.00
Guarantees and other commitments
EUR 4,831,000.00
Letters of support
EUR 2,993,000.00
Other guarantees and other commitmentsEUR 1,838,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales EUR
245,543,580.24
Other operating income
EUR 2,584,709.62
Cost of materials
EUR 199,248,636.42
Raw materials and supplies, purchased
goods
EUR 199,248,636.42
Gross result (+/-)
EUR 48,879,653.44
Staff expenses
EUR 18,013,365.46
Wages and salaries
EUR 14,853,276.23
Social security contributions and
expenses for pension plans and
benefits
EUR 3,160,089.23
Total depreciation
EUR 496,749.43
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 496,749.43
Other operating expenses
EUR 22,553,090.44
Operating result from continuing
operations
EUR 7,816,448.11
Result from participating interests
(+/-)
EUR 2,506,579.62
Expenses / income from participations EUR 2,506,579.62
Income from related companies
EUR 2,506,579.62
Interest result (+/-)
EUR -655,963.13
Interest and similar income
EUR 441,370.62
thereof from related companies
EUR 355,197.02
Interest and similar expenses
EUR 1,097,333.75
thereof paid to related companies
EUR 69.05
Other financial result
EUR -3,383,999.00
Depreciation on financial assets and
marketable securities
EUR 3,383,999.00
Financial result (+/-)
EUR -1,533,382.51
Result from ordinary operations (+/-)
EUR 6,283,065.60
Income tax / refund of income tax (+/-)EUR -2,586,959.88
Other taxes / refund of taxes
EUR -42,111.85
Tax
(+/-) EUR
-2,629,071.73
Annual surplus / annual deficit
EUR 3,653,993.87
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 143,254,177.44
Fixed assets
EUR 58,068,739.12
Intangible assets
EUR 70,939.00
Concessions, licences, rights
EUR 70,937.00
Goodwill EUR 2.00
Tangible assets
EUR 5,311,734.04
Land / similar rights
EUR 4,059,488.04
Other tangible assets / fixtures and
fittings
EUR 1,252,246.00
Financial assets
EUR 52,686,066.08
Shares in participations /
subsidiaries and the like
EUR 52,679,710.69
Shares in related companies
EUR 52,679,710.69
Other loans
EUR 6,355.39
Current assets
EUR 85,165,613.66
Stocks
EUR 54,581,448.93
Raw materials, consumables and
supplies EUR 335,025.11
Finished goods / work in progress
EUR 54,246,423.82
Accounts receivable
EUR 30,349,204.90
Trade debtors
EUR 8,713,255.68
Amounts due from related companies
EUR 19,314,048.56
Other debtors and assets
EUR 2,321,900.66
Liquid means
EUR 234,959.83
Remaining other assets
EUR 19,824.66
Accruals
(assets) EUR 19,824.66
LIABILITIES EUR 143,254,177.44
Shareholders' equity
EUR 89,523,550.27
Capital
EUR 8,871,000.00
Subscribed capital (share capital)
EUR 8,871,000.00
Balance sheet profit/loss (+/-)
EUR 80,652,550.27
Profit / loss brought forward
EUR 73,002,466.92
Annual surplus / annual deficit
EUR 7,650,083.35
Provisions
EUR 8,577,188.88
Pension provisions and comparable
provisions
EUR 5,162,486.29
Other / unspecified provisions
EUR 3,414,702.59
Liabilities
EUR 45,153,438.29
Financial debts
EUR 15,129,289.37
Liabilities due to banks
EUR 15,129,289.37
Other liabilities
EUR 30,024,148.92
Trade creditors (for IAS incl. bills
of exchange)
EUR 26,788,079.93
Liabililties due to related companiesEUR 2,531,697.63
Unspecified other liabilities
EUR 704,371.36
thereof liabilities from tax /
financial authorities
EUR 315,501.09
thereof liabilities from social
security
EUR 15,781.70
Guarantees and other commitments
EUR 1,790,000.00
Guarantees / warranties
EUR 1,790,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 273,949,996.50
Other
operating income EUR 2,817,230.08
Cost of materials
EUR 224,027,865.51
Raw materials and supplies, purchased
goods
EUR 224,027,865.51
Gross result (+/-)
EUR 52,739,361.07
Staff expenses
EUR 17,640,572.47
Wages and salaries
EUR 14,447,807.20
Social security contributions and
expenses for pension plans and
benefits
EUR 3,192,765.27
Total depreciation
EUR 982,565.99
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 982,565.99
Other operating expenses
EUR 21,674,667.06
Operating result from continuing
operations
EUR 12,441,555.55
Interest result (+/-)
EUR -439,398.54
Interest and similar income
EUR 657,168.01
thereof from related companies
EUR 577,288.36
Interest and similar expenses
EUR 1,096,566.55
thereof paid to related companies
EUR 3,700.15
Other financial result
EUR -499,091.18
Income from securities and loans from
financial assets
EUR 907.82
Depreciation on financial assets and
marketable securities
EUR 499,999.00
Financial result (+/-)
EUR -938,489.72
Result from ordinary operations (+/-)
EUR 11,503,065.83
Income tax / refund of income tax (+/-)EUR -3,833,071.35
Other
taxes / refund of taxes EUR -19,911.13
Tax
(+/-)
EUR -3,852,982.48
Annual surplus / annual deficit
EUR 7,650,083.35
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.00 |
|
UK Pound |
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.