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Report No. : |
353357 |
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Report Date : |
05.12.2015 |
IDENTIFICATION DETAILS
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Name : |
DONAU CARBON GMBH |
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Registered Office : |
Gwinnerstr. 27-33 D 60388 Frankfurt |
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Country : |
Germany |
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Financials (as on) : |
30.09.2014 |
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Date of Incorporation : |
19.06.1997 |
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Com. Reg. No.: |
HRB 52062 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Remediation activities and other waste
management services
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No. of Employee : |
1 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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.
|
Source
: CIA |
DONAU
CARBON GMBH
Company Status: active
Gwinnerstr. 27-33
D 60388 Frankfurt
Telephone:069/40116-50
Telefax: 069/40116-59
Homepage:
www.donau-carbon.com
E-mail: office@donau-carbon.com
VAT
no.: DE221309318
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 19.06.1997
Shareholders'
agreement: 19.06.1997
Registered on: 05.04.2001
Commercial Register: Local court 60313 Frankfurt
under: HRB
52062
EUR 101,150.00
Shareholder:
Donauchem GmbH
Lisztstr. 4
A 1030 Wien
Legal form: Other legal
form
Share: EUR 101,150.00
Manager:
Jürgen Ries
D 60311 Frankfurt
born: 30.10.1955
Proxy:
Wolfgang Löw
D 60311 Frankfurt
authorized to jointly
represent the company
born: 06.06.1963
Proxy:
Gabriele Neuroth
D 63477 Maintal
authorized to jointly
represent the company
born: 27.07.1959
Further functions/participations of Jürgen
Ries (Manager)
Proprietor:
Gebäudereinigung Erwin
Weber Inhaber J. Ries
Mörfelder Landstr. 44
D 60598 Frankfurt
Legal form: Sole
proprietorship
Registered
on: 10.03.1993
Reg. data: 60313 Frankfurt, HRA 26927
Manager:
Deutsche Aktivkohle
Gesellschaft mit
beschränkter Haftung
Leerbachstr. 72
D 60322 Frankfurt
Legal form: Private
limited company
Share capital: EUR 26,075.89
Registered
on: 02.12.1963
Reg. data: 60313 Frankfurt, HRB 6511
19.06.1997 - 31.01.1999 Donauchem Handelsgesellschaft
Deutschland mbH
Schulstr. 62d
D 83527 Haag
Private limited
company
01.02.1999 - 24.03.2009 Donauchem Handelsgesellschaft
Deutschland mbH
Gutenbergstr. 12
D 85646 Anzing
Private limited
company
25.03.2009 - 04.10.2015 DONAUCHEM Handelsgesellschaft
Deutschland mbH
Gwinnerstr. 27-33
D 60388 Frankfurt
Private limited company
04.06.2010 - 06.10.2015 Manager
Franz Geiger
A Wien
Main industrial sector
2059
Manufacture of other chemical products n.e.c.
3900
Remediation activities and other waste management
services
46750
Wholesale of chemical products
7120
Technical testing and analysis
Shareholder:
Deutsche Aktivkohle
Gesellschaft mit
beschränkter Haftung
Leerbachstr. 72
D 60322 Frankfurt
Legal form: Private
limited company
Company Status: active
Share capital: EUR 26,075.89
Share: EUR 26,075.89
Reg. data: 02.12.1963
Local court
60313 Frankfurt
HRB 6511
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2013/2014
Type of ownership: Tenant
Address
Gwinnerstr. 27-33
D 60388 Frankfurt
Land register documents were not available.
SPARKASSE ALTÖTTING-MÜHLDORF, 83527 HAAG I.OB
Sort. code: 71151020
BIC: BYLADEM1MDF
Profit: 2012/2013 EUR 1,384,059.00
2013/2014 EUR 2,121,691.00
further business figures:
Ac/ts receivable: EUR 542,897.00
Liabilities: EUR 1,228,459.00
Employees:
1
-
thereof permanent staff: 1
Balance sheet ratios 01.10.2013 - 30.09.2014
Equity ratio [%]: 88.34
Liquidity ratio: 0.49
Return on total capital [%]: 18.87
Balance sheet ratios 01.10.2012 - 30.09.2013
Equity ratio [%]: 66.94
Liquidity ratio: 0.27
Return on total capital [%]: 11.87
Balance
sheet ratios 01.10.2011 - 30.09.2012
Equity ratio [%]: 56.36
Liquidity ratio: 0.15
Return on total capital [%]: 10.14
Balance sheet ratios 01.10.2010 - 30.09.2011
Equity ratio [%]: 45.15
Liquidity ratio: 0.14
Return on total capital [%]: 9.98
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
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.10.2013 - 30.09.2014
ASSETS EUR 11,240,763.18
Fixed
assets EUR 10,586,171.91
Financial assets
EUR 10,586,171.91
Other / unspecified financial assets EUR 10,586,171.91
Current assets
EUR 654,591.27
Accounts receivable
EUR 542,896.78
Liquid means
EUR 111,694.49
LIABILITIES EUR 11,240,763.18
Shareholders' equity
EUR 9,930,036.47
Capital
EUR 101,150.00
Subscribed capital (share capital)
EUR 101,150.00
Reserves
EUR 7,270,000.00
Capital reserves EUR 7,270,000.00
Balance sheet profit/loss (+/-)
EUR 2,558,886.47
Profit / loss brought forward
EUR 437,195.36
Annual surplus / annual deficit
EUR 2,121,691.11
Provisions EUR 82,268.01
Liabilities
EUR 1,228,458.70
Type of balance
sheet: Company balance sheet
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.10.2012 - 30.09.2013
ASSETS EUR 11,664,384.82
Fixed assets
EUR 10,586,171.91
Financial assets
EUR 10,586,171.91
Other / unspecified financial assets EUR 10,586,171.91
Current assets
EUR 1,078,212.91
Accounts receivable
EUR 1,007,036.56
Liquid means
EUR 71,176.35
LIABILITIES EUR 11,664,384.82
Shareholders' equity
EUR 7,808,345.36
Capital
EUR 101,150.00
Subscribed capital (share capital)
EUR 101,150.00
Reserves
EUR 7,270,000.00
Capital reserves
EUR 7,270,000.00
Balance sheet profit/loss (+/-)
EUR 437,195.36
Profit / loss brought forward EUR
-946,864.03
Annual surplus / annual deficit
EUR 1,384,059.39
Provisions
EUR 85,752.21
Liabilities
EUR 3,770,287.25
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.84 |
|
|
1 |
Rs.101.04 |
|
Euro |
1 |
Rs.73.05 |
|
EUR |
1 |
Rs.72.54 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
|
|
|
|
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 |
|
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 |
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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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.