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Report No. : |
354973 |
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Report Date : |
18.12.2015 |
IDENTIFICATION DETAILS
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Name : |
RECON METALS GMBH |
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Registered Office : |
Langebrücker Str. 8, D 01109 Dresden |
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Country : |
Germany |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
18.05.2007 |
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Com. Reg. No.: |
HRB 25635 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
· Wholesale of electronic and telecommunications equipment and parts ·
Retail sale of metal and plastic goods |
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No. of Employees : |
4 |
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 |
|
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 |
RECON METALS GMBH
Company Status: active
Langebrücker Str. 8
D 01109 Dresden
Telephone:0351/8881875
Telefax: 0351/8881873
Homepage: www.recon-metals.de
E-mail:
info@recon-metals.de
VAT
no.: DE254315569
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 18.05.2007
Shareholders'
agreement: 18.05.2007
Registered on: 07.06.2007
Commercial Register: Local court 01069 Dresden
under: HRB 25635
Share capital: EUR 25,000.00
Shareholder:
Ahrndt Schütz
Langebrücker Str. 12
D 01109 Dresden
born: 20.07.1970
Share: EUR 25,000.00
Manager:
Ahrndt Schütz
Langebrücker Str. 12
D 01109 Dresden
having sole power of
representation
born: 20.07.1970
Further functions/participations of Ahrndt
Schütz (Manager)
Proprietor:
Ahrndt Schütz
Langebrücker Str. 8-10
D 01109 Dresden
Legal form: Unregistered
commercial
enterprise
Shareholder:
Heinrich Schwertransporte
GmbH
Langebrücker Str. 8
D 01109 Dresden
Legal form: Private
limited company
Share capital: EUR
400,000.00
Share: EUR 100,000.00
Registered
on: 07.01.1992
Reg. data: 01069 Dresden, HRB 3253
Shareholder:
MIKO Trading GmbH
Langebrücker Str. 8
D 01109 Dresden
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 07.10.2014
Reg. data: 01069 Dresden, HRB 33756
Shareholder:
pro-eventproductions GmbH
Langebrücker Str. 8
D 01109 Dresden
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 5,000.00
Registered
on: 26.06.2009
Reg. data: 01069 Dresden, HRB 27840
Manager:
MIKO Trading GmbH
Langebrücker Str. 8
D 01109 Dresden
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 07.10.2014
Reg. data: 01069 Dresden, HRB 33756
Manager:
Heavy Lift Terminal
Dresden GmbH
Langebrücker Str. 8-10
D 01109 Dresden
Legal form: Private
limited company
Share capital: EUR 800,000.00
Registered
on: 08.02.2011
Reg. data: 01069 Dresden, HRB 29762
Main industrial sector
46520
Wholesale of electronic and telecommunications equipment and parts
47521
Retail sale of metal and plastic goods n.e.c.
Payment experience: Slow but correct
Negative information: We have no negative
information at hand.
Balance sheet year: 2014
PMI: No significant / relevant payment
experience
information pertaining to
the company
inquired upon is shown in
the Deutscher
Debitoren Monitor
(DDMonitor).
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 Langebrücker Str. 8
D 01109 Dresden
Land
register documents were not available.
COMMERZBANK, 01001 DRESDEN
Sort. code: 85040000
BIC: COBADEFFXXX
DEUTSCHE BANK, 01071 DRESDEN
Sort. code: 87070000
BIC: DEUTDE8CXXX
Turnover: 2013 EUR 5,800,000.00
2014 EUR 6,000,000.00
further business figures:
Equipment: *EUR 24,500.00
Ac/ts receivable: EUR 974,782.00
Liabilities: EUR 2,323,557.00
Employees:
4
-
Part-time employees: 1
The
business figures marked with an asterisk are estimates based on average values
in the line of business.
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 16.59
Liquidity ratio: 0.59
Return on total capital [%]: 3.18
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 28.11
Liquidity ratio: 0.49
Return on total capital [%]: 2.66
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity
ratio [%]: 31.56
Liquidity ratio: 0.57
Return on total capital [%]: 0.72
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 26.72
Liquidity ratio: 1.09
Return on total capital [%]: 1.53
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: 01.01.2014 - 31.12.2014
ASSETS EUR 2,893,398.90
Fixed assets
EUR 655,641.00
Intangible assets
EUR 9,520.00
Tangible assets
EUR 326,121.00
Financial assets
EUR 320,000.00
Other / unspecified financial assets EUR 320,000.00
Current assets
EUR 2,235,626.36
Stocks
EUR 506,710.27
Accounts receivable
EUR 974,781.86
Liquid means EUR 754,134.23
Remaining other assets
EUR 2,131.54
Accruals (assets)
EUR 2,131.54
LIABILITIES EUR 2,893,398.90
Shareholders' equity
EUR 525,675.02
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR 500,675.02
Balance
sheet profit / loss EUR 500,675.02
Provisions
EUR 44,166.84
Liabilities
EUR 2,323,557.04
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 1,624,953.96
Fixed assets
EUR 381,220.00
Tangible assets
EUR 81,220.00
Financial assets
EUR 300,000.00
Other / unspecified financial assets EUR 300,000.00
Current assets
EUR 1,241,764.07
Stocks
EUR 525,706.63
Accounts receivable
EUR 406,763.80
Liquid means
EUR 309,293.64
Remaining other assets EUR 1,969.89
Accruals (assets)
EUR 1,969.89
LIABILITIES EUR 1,624,953.96
Shareholders' equity
EUR 435,292.09
Capital EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR 410,292.09
Balance sheet profit / loss
EUR 410,292.09
Provisions
EUR 31,977.00
Liabilities
EUR 1,157,684.87
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.65 |
|
|
1 |
Rs.99.61 |
|
Euro |
1 |
Rs.72.33 |
|
EUR |
1 |
Rs.72.08 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
AMR |
|
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Report Prepared
by : |
TPT |
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 |
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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.