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Report No. : |
337942 |
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Report Date : |
27.08.2015 |
IDENTIFICATION DETAILS
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Name : |
STC-STEYR WÄLZLAGER DEUTSCHLAND GMBH |
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Registered Office : |
Rosenthaler Str. 40/41, D 10178 Berlin |
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Country : |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
18.12.2007 |
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Com. Reg. No.: |
HRB 113073 B |
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Legal Form : |
Private Limited Company |
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Line of Business : |
· Manufacture of bearings, gears, gearing and driving elements · Agents involved in the sale of iron, metal and plastic goods · Wholesale of other machinery, equipment and supplies · Engineering activities in the field of technical sectoral planning and engineering design |
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No. of Employees : |
8 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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 – March 31, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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Germany |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 5.2% 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. The German economy suffers
from low levels of investment, and a government plan to invest 15 billion euros
2016-18, largely in infrastructure, is intended to spur needed private investment.
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 accounted for 27.8%
of gross electricity consumption in 2014, 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. Extremely low inflation, caused largely by low global energy prices
and a weak euro, are expected to boost German GDP growth in 2015.
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Source
: CIA |
STC-STEYR WÄLZLAGER DEUTSCHLAND GMBH
Company Status: active
Rosenthaler Str. 40/41
D 10178 Berlin
Telephone:030/3450626-0
Telefax: 030/3450626-26
Homepage: www.stc-steyr.de
E-mail: info@stc-steyr.de
VAT no.: DE261190070
Tax ID number: 37/277/21199
Business relations are
permissible.
LEGAL FORM Private limited company
Date of foundation: 18.12.2007
Shareholders'
agreement: 18.12.2007
Registered on: 18.04.2008
Commercial Register: Local
court 14057 Berlin
under: HRB 113073 B
Share capital: EUR 25,000.00
Shareholder:
Abwicklungsgesellschaft BDI Bearing Direct
International GmbH
Rosenthaler Str. 40/41-
Hackesche Höfe-
D
10178 Berlin
Legal form: Private limited company
insolvent
Share
capital: EUR 25,600.00
Share: EUR 25,000.00
Registered
on: 21.06.2004
Reg.
data: 14057 Berlin, HRB 93134 B
Manager:
Uwe
Müller
Auguststr. 50b
D
10119 Berlin
having
sole power of representation
born:
12.11.1971
Profession: Businessman
Marital status: married
Further
functions/participations of Uwe Müller (Manager)
Shareholder:
Abwicklungsgesellschaft BDI Bearing Direct
International GmbH
Rosenthaler Str. 40/41-
Hackesche Höfe-
D
10178 Berlin
Legal
form: Private limited company
insolvent
Share
capital: EUR 25,600.00
Share: EUR 2,600.00
Registered
on: 21.06.2004
Reg. data:
14057 Berlin, HRB 93134 B
Manager:
Abwicklungsgesellschaft BDI Bearing Direct
International GmbH
Rosenthaler Str. 40/41-
Hackesche Höfe-
D 10178 Berlin
Legal
form: Private limited company
insolvent
Share
capital: EUR 25,600.00
Registered
on: 21.06.2004
Reg.
data: 14057 Berlin, HRB 93134 B
Manager:
DENIM
WALL GmbH
Rosenthaler Str. 40 /41
D
10178 Berlin
Legal
form: Private limited company
Share
capital: EUR 100,000.00
Registered
on: 16.08.2005
Reg.
data: 14057 Berlin, HRB 98110 B
Manager:
DWSG
Service GmbH
Rosenthaler Str. 40/41
Hackesche Höfe
D
10178 Berlin
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 21.11.2006
Reg.
data: 14057 Berlin, HRB 104685 B
Manager:
BDI
Germany GmbH
Rosenthaler Str. 40 /41
D
10178 Berlin
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 22.01.2015
Reg.
data: 14057 Berlin, HRB 164336 B
Sectors
2815 Manufacture of bearings, gears, gearing and
driving elements
46154 Agents involved in
the sale of iron, metal and plastic goods n.e.c.
4669 Wholesale of other
machinery, equipment and supplies
71122 Engineering
activities in the field of technical sectoral planning andengineering design
Payment experience: could
not be obtained due to structural changes
Negative information:We have no negative information at hand.
Type of ownership: Tenant
Address Rosenthaler Str. 40/41
D
10178 Berlin
Land register documents
were not available.
DEUTSCHE BANK FIL BERLIN,
10883 BERLIN
Sort. code: 10070000
BIC: DEUTDEBBXXX
Turnover: 2014 *EUR 1,093,000.00
Profit: 2013 EUR 9,128.00
further business figures:
Equipment: *EUR
64,000.00
Ac/ts receivable: EUR 367,305.00
Liabilities: EUR 1,186,028.00
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 [%]: 7.05
Liquidity ratio: 0.32
Return on total capital
[%]: 0.71
Balance sheet ratios
01.01.2012 - 31.12.2012
Equity ratio [%]: 13.21
Liquidity ratio: 0.49
Return on total capital
[%]: 4.74
Balance sheet ratios
01.01.2011 - 31.12.2011
Equity ratio [%]: 19.25
Liquidity ratio: 0.47
Return on total capital
[%]: 6.92
Balance sheet ratios
01.01.2010 - 31.12.2010
Equity ratio [%]: 23.43
Liquidity ratio: 0.44
Return on total capital
[%]: 1.75
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 1,281,744.20
Fixed assets
EUR 15,720.00
Tangible assets
EUR 15,720.00
Current assets
EUR 1,256,254.00
Stocks
EUR 849,230.00
Accounts receivable
EUR 367,305.11
Liquid means
EUR 39,718.89
Remaining other assets
EUR 9,770.20
Accruals (assets)
EUR 9,770.20
LIABILITIES EUR 1,281,744.20
Shareholders' equity EUR 90,361.34
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR 65,361.34
Profit / loss brought forward
EUR 56,233.49
Annual surplus / annual deficit
EUR 9,127.85
Provisions
EUR 5,355.30
Liabilities
EUR 1,186,027.56
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 615,149.55
Fixed assets
EUR 12,078.00
Tangible assets
EUR 12,078.00
Other / unspecified tangible assets
EUR 12,078.00
Current assets
EUR 585,227.44
Stocks
EUR 316,930.00
Accounts receivable EUR 235,538.79
Other debtors and assets
EUR 235,538.79
Liquid means
EUR 32,758.65
Remaining other assets
EUR 17,844.11
Accruals (assets)
EUR 17,844.11
LIABILITIES EUR 615,149.55
Shareholders' equity
EUR 81,233.49
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR 56,233.49
Profit / loss brought forward
EUR 27,074.82
Annual surplus / annual deficit
EUR 29,158.67
Provisions
EUR 24,319.13
Liabilities
EUR 509,596.93
Other liabilities
EUR 509,596.93
Unspecified
other liabilities EUR 509,596.93
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.66.16 |
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1 |
Rs.103.87 |
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Euro |
1 |
Rs.75.89 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.