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Report No. : |
352767 |
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Report Date : |
07.12.2015 |
IDENTIFICATION DETAILS
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Name : |
DANGSCHAT T.O.H. GMBH &
CO. KG |
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|
|
|
Registered Office : |
Kleine Johannisstr. 9 D
20457 Hamburg |
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Country : |
Germany |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
14.12.1950 |
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Legal Form : |
Ltd partnership with priv.
ltd. company as general partner |
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Line of Business : |
·
Agents involved in the sale
of other goods ·
Wholesale of pharmaceutical
goods |
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|
|
|
No. of Employee : |
10 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
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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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 |
|
Insignificant |
A1 |
|
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 |
DANGSCHAT T.O.H. GmbH & Co. KG
Kleine Johannisstr. 9
D 20457 Hamburg
Telephone:040/3070870
Telefax: 040/30708771
Homepage:
www.dangschat-toh.com
E-mail: info@dangschat-toh.com
Active
DE118599771
Business relations are
permissible.
LEGAL FORM Ltd
partnership with priv. ltd. company as general partner
Date of foundation: 14.12.1950
Registered on: 11.06.2008
Register of
companies: Local
court 20355 Hamburg
under: HRA
108483
Total cap. contribution: EUR 250,002.00
Limited partner:
Helke Christel Friederike
Metelmann
Badestr. 32
D 20148 Hamburg
born: 26.09.1942
née: Heuten
Share: EUR 166,668.00
Limited partner:
Martin Alfons Ulrich
Metelmann
Alsterkamp 32d
D 20149 Hamburg
born: 07.03.1972
Share: EUR 41,667.00
Limited partner:
Alexander Gerhard Bernd
Metelmann
Lichtwarkstr.
D 20249 Hamburg
born: 28.01.1974
Share: EUR 41,667.00
General partner:
Martin & Alexander
Metelmann GmbH
Kleine Johannisstr. 9
D 20457 Hamburg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered on: 24.02.2003
Reg. data: 20355 Hamburg, HRB 86487
Shareholder:
Martin Alfons Ulrich
Metelmann
Alsterkamp 32d
D 20149 Hamburg
born: 07.03.1972
Share: EUR 12,500.00
Shareholder:
Alexander Gerhard Bernd
Metelmann
Lichtwarkstr.
D 20249 Hamburg
born: 28.01.1974
Share: EUR 12,500.00
Manager:
Alexander Gerhard Bernd
Metelmann
Lichtwarkstr.
D 20249 Hamburg
having sole power of
representation
born: 28.01.1974
Profession: Bank Clerk
Marital status: unknown
Manager:
Joachim Schwarz
D 21335 Lüneburg
authorized to jointly
represent the company
born: 01.06.1956
Profession: Businessman
Marital status: unknown
Proxy:
Boris Stroiakovski
Hamburger Str. 79c
D 22949 Ammersbek
authorized to jointly
represent the company
born: 16.05.1975
Profession: Student
Proxy:
Kay Hugenbusch
D 20457 Hamburg
authorized to jointly
represent the company
born: 14.05.1975
14.12.1950 - 05.11.2001 Transozeanische Handelsgesellschaft mbH
Rathausstr. 13
D 20095 Hamburg
Private limited company
06.11.2001 - 02.04.2006 Transozeanische Handelsgesellschaft mbH
Brookstieg 4
D 22145 Stapelfeld
Private limited
company
03.04.2006 - 18.12.2007 Transozeanische Handels-Gesellschaft mbH
Kleine Johannisstr. 9
D 20457 Hamburg
Private limited
company
19.12.2007 - 11.06.2008 DANGSCHAT TOH GmbH
Kleine Johannisstr. 9
D 20457 Hamburg
Private limited
company
16.06.2008 - 25.09.2013 General partner
MAM Commodities GmbH
D 20457 Hamburg
Main industrial sector
4618 Agents involved in the sale of other goods
46461 Wholesale of pharmaceutical goods
Shareholder:
S + P Import-Handels-Gesellschaft
mit
beschränkter Haftung
Kleine Johannisstr. 9
D 20457 Hamburg
Legal form: Private
limited company
Company Status: active
Share capital: EUR 51,150.00
Share: EUR 51,150.00
Reg. data: 25.09.1979
Local court 20355 Hamburg
HRB 24006
Payment experience: Slow
but correct
Negative information: We have no negative information at hand.
Balance sheet year: 2013
Type of ownership: Tenant
Address
Kleine Johannisstr. 9
D 20457 Hamburg
Real Estate of: Martin
& Alexander Metelmann GmbH
Type of ownership: Tenant
Address Kleine
Johannisstr. 9
D 20457 Hamburg
Land register documents were not available.
COMMERZBANK VORMALS DRESDNER BANK, 20349
HAMBURG
Sort. code: 20080000
BIC: DRESDEFF200
HAMBURGER SPARKASSE, 20454 HAMBURG
Sort. code: 20050550, Account no.: 1280177906
BIC: HASPDEHHXXX, IBAN: DE86200505501280177906
Turnover:
2013 *EUR 7,500,000.00
2014 *EUR 7,500,000.00
further business figures:
Equipment: *EUR 65,000.00
Ac/ts receivable: EUR 3,680,498.00
Liabilities: EUR 4,249,868.00
Employees:
10
- thereof permanent
staff:
8
The business figures marked with an asterisk
are estimates based
on average values in the line of business.
BALANCE SHEETS
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: -0.78
Liquidity ratio: 0.91
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: -1.35
Liquidity ratio: 0.83
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 32.30
Liquidity ratio: 1.30
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 32.86
Liquidity ratio: 1.37
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.
Type of balance
sheet: Company balance sheet
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2013 - 31.12.2013
ASSETS EUR 4,490,065.92
Fixed assets EUR 507,039.00
Intangible assets EUR 499,213.00
Tangible assets EUR 7,826.00
Current assets EUR 3,982,002.72
Stocks EUR 106,435.39
Accounts receivable EUR
3,680,497.74
Liquid means EUR 195,069.59
Remaining other
assets EUR 1,024.20
Accruals (assets) EUR 1,024.20
LIABILITIES EUR 4,490,065.92
Shareholders' equity EUR 216,643.64
Capital EUR 216,643.64
Limited partner's
capital / capital
of partially liable
partner (LP) EUR 216,643.64
Provisions EUR 21,769.05
Liabilities EUR 4,249,868.23
Other liabilities EUR 1,785.00
Deferrals
(liabilities) EUR 1,785.00
Type of balance
sheet: Company balance sheet
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 3,934,080.08
Fixed assets EUR 550,300.00
Intangible assets EUR 547,005.00
Tangible assets EUR 3,295.00
Current assets EUR 3,377,970.00
Stocks EUR 323,819.66
Accounts receivable EUR 3,011,889.39
Liquid means EUR 42,260.95
Remaining other
assets EUR 5,810.08
Accruals (assets) EUR 5,810.08
LIABILITIES EUR 3,934,080.08
Shareholders' equity EUR 224,216.47
Capital EUR 224,216.47
Limited partner's
capital / capital
of partially liable
partner (LP) EUR 224,216.47
Provisions EUR 42,199.00
Liabilities EUR 3,667,664.61
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.70.10 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
TRU |
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.