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Report No. : |
354108 |
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Report Date : |
15.12.2015 |
IDENTIFICATION DETAILS
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Name : |
OSMETALL
STEEL SOLUTIONS GMBH |
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Registered Office : |
Halskestr. 46, D 40880 Ratingen |
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Country : |
Germany |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
17.12.2009 |
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Legal Form : |
Private limited company |
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Line of Business : |
Wholesale of iron ores, iron, steel and iron and steel semi-finished goods Service activities incidental to transportation n.e.c. |
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No. of Employee : |
13 |
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
|
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.
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Source
: CIA |
OSMETALL STEEL SOLUTIONS GMBH
Company Status: active
Halskestr. 46
D 40880 Ratingen
Telephone:02102/55148-0
Telefax: 02102/55148-10
Homepage: www.osmetall.com
E-mail:
info@osmetall.com
VAT
no.: DE269664992
Tax
ID number: 147/5856/1123
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 17.12.2009
Shareholders'
agreement: 17.12.2009
Registered on: 21.11.2011
Commercial Register: Local court 40227 Düsseldorf
under: HRB
66769
EUR
25,000.00
Osman Yildiz
Marienstr. 29
D 40880 Ratingen
born: 06.12.1982
Share: EUR 25,000.00
Osman Yildiz
Marienstr. 29
D 40880 Ratingen
having sole power of
representation
born: 06.12.1982
17.12.2009 - 21.11.2011 OSMETALL Steel Solutions GmbH
Gladbacher Str. 435
D 41460 Neuss
Private limited
company
21.11.2011 - 03.12.2014 OSMETALL Steel Solutions GmbH
Dechenstr. 15a
D 40878 Ratingen
Private limited
company
Main industrial sector
46721
Wholesale of iron ores, iron, steel and iron and steel semi-finished
goods
52299
Service activities incidental to transportation n.e.c.
Branch:
OSMETALL Steel Solutions
GmbH
Cumhuriyet Mahallesi
Halaskarg
TR 34381 Sisli,
Istanbul
Reg. entry: 07.10.2015
Payment experience: within periods customary in this trade
Negative information:We have no negative
information at hand.
Balance sheet year: 2013
PMI: present: 99
01.12.2015
Ø 6 months:97
The "Payment
Morality Index" evaluates
payment delays that have
been reported to
the "DDMonitor"
100: No payment delays are shown in the
"DDMonitor".
80-99: The "DDMonitor" confirms the
payment
delay of a few
days.
40-79: The "DDMonitor" confirms the
payment
delay of some
days to weeks.
0-39: The "DDMonitor" confirms the
payment
delay of several
months.
Important note: In the
past months only single or slight payment delays have become
known.
Events Index: 1
At present, NO events are
known.
The Events Index
indicates if any particular events have occurred, such as e.g. a
relocation of registered
office or a change within management. On the basis of number,
relevance and
up-to-dateness of the events an index value ranging from 1 (no events) to
5 is calculated. Companies
showing a particularly large number of events receive
the index 6.
Type of ownership: Tenant
Address Halskestr.
46
D 40880 Ratingen
Land register documents were not available.
VOLKSBANK RHEIN-RUHR, 47013 DUISBURG
Sort. code: 35060386, Account no.: 8186970000
BIC: GENODED1VRR, IBAN: DE51350603868186970000
FINANCIAL FIGURES
Turnover: 2014 EUR 4,100,000.00
Equipment: EUR 30,000.00
Ac/ts receivable: EUR
524,628.00
Liabilities: EUR 538,128.00
Employees: 13
-
Trainees:
3
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 10.05
Liquidity ratio: 1.01
Return on total capital [%]: -7.82
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 37.55
Liquidity ratio: 1.94
Return on total capital [%]: 23.00
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 33.69
Liquidity ratio: 2.10
Return on total capital [%]: 13.42
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 35.67
Liquidity ratio: 10.00
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.
Balance sheet grade
The
balance sheet grade is based on the following ratios: equity
ratio, liquidity ratio and return on total
capital from the
balance sheets published in the Federal
Gazette. It is calculated
in
accordance with the methodology of Euler Hermes. It ranges
from 1.0 (positive) to 5.0 (negative).
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 633,533.07
Fixed assets
EUR 34,387.00
Intangible assets
EUR 1,603.00
Tangible assets
EUR 32,784.00
Current assets
EUR 596,268.89
Stocks
EUR 52,471.18
Accounts receivable
EUR 524,628.38
Liquid means
EUR 19,169.33
Remaining other assets EUR 2,877.18
Accruals (assets)
EUR 2,877.18
LIABILITIES EUR 633,533.07
Shareholders' equity
EUR 64,401.52
Capital EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR 39,401.52
Profit / loss brought forward
EUR 39,401.52
Provisions
EUR 31,003.69
Liabilities
EUR 538,127.86
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 300,683.54
Fixed assets
EUR 50,512.00
Intangible assets
EUR 3,115.00
Tangible assets
EUR 47,397.00
Current assets
EUR 245,165.37
Accounts receivable
EUR 182,339.13
Liquid means
EUR 62,826.24
Remaining other assets
EUR 5,006.17
Accruals (assets)
EUR 5,006.17
LIABILITIES EUR 300,683.54
Shareholders' equity
EUR 113,880.02
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR 88,880.02
Profit / loss brought forward
EUR 88,880.02
Provisions
EUR 30,048.69
Liabilities
EUR 156,754.83
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.99 |
|
|
1 |
Rs.101.78 |
|
Euro |
1 |
Rs.73.47 |
|
EUR |
1 |
Rs. 74.12 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
ASH |
RATING EXPLANATIONS
|
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 |
|
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 |
|
-- |
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.