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Report No. : |
268667.2 |
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Report Date : |
16.02.2015 |
IDENTIFICATION DETAILS
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Name : |
NORTHSTAR CAPITAL INVESTMENT GMBH |
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Registered Office : |
Werner-Glatt-Str. 1, D
79589 Binzen |
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Country : |
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Date of Incorporation : |
22.10.2012 |
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Financials (as on) : |
31.12.2013 |
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Com. Reg. No.: |
HRB 709886 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Activities of Holding Companies. |
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No. of Employees : |
1 |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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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, has 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 5.3% in 2013. The new German government introduced a minimum wage of $11 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%. 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. 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 hopes to replace nuclear power with renewable energy. 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.
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Source
: CIA |
NORTHSTAR CAPITAL
INVESTMENT GMBH
Company Status: Active
Werner-Glatt-Str. 1
D 79589 Binzen
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 22.10.2012
Shareholders'
agreement: 22.10.2012
Registered on: 23.04.2013
Commercial Register: Local court 79098 Freiburg
under: HRB
709886
EUR 25,000.00
Shareholder:
GLATT
Gesellschaft mit beschränkter Haftung
Werner-Glatt-Str. 1
D
79589 Binzen
Legal
form: Private limited company
Share capital: EUR 5,000,000.00
Share: EUR 25,000.00
Registered on: 28.12.1977
Reg.
data: 79098 Freiburg, HRB 410707
Manager:
Reinhard Otto Adolf Nowak
Im
Schlattgarten 26
D
79589 Binzen
having
sole power of representation
born:
24.05.1950
Profession: graduate engineer
Marital status: married
Further
functions/participations of Reinhard Otto Adolf Nowak
(Manager)
Shareholder:
Heinrich Nowak Apparatebau GmbH
Alemannenstr. 24
D
79689 Maulburg
Legal
form: Private limited company
Share
capital: EUR 95,867.23
Share: EUR 95,867.23
Registered
on: 27.01.1986
Reg.
data: 79098 Freiburg, HRB 670204
Shareholder:
IPC
Process-Center Verwaltungsgesellschaft
mbH
Im
Schlattgarten 26
D 79589 Binzen
Legal
form: Private limited company
Share
capital: EUR 25,564.59
Share: EUR 25,564.59
Registered
on: 27.08.1992
Reg.
data: 79098 Freiburg, HRB 412028
Shareholder:
FFF
GmbH
Grunaer Weg 26
D
01277 Dresden
Legal
form: Private limited company dormant
Share
capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 03.06.2013
Reg. data:
01069 Dresden, HRB 32292
Manager:
GLATT
Gesellschaft mit beschränkter Haftung
Werner-Glatt-Str. 1
D
79589 Binzen
Legal
form: Private limited company
Share capital: EUR 5,000,000.00
Registered
on: 28.12.1977
Reg.
data: 79098 Freiburg, HRB 410707
Manager:
RMN
Vermögensverwaltung GmbH
Werner-Glatt-Str. 1
D
79589 Binzen
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 30.08.2012
Reg.
data: 79098 Freiburg, HRB 708852
Manager:
Werner
Glatt Vermögensverwaltung GmbH
Werner-Glatt-Str. 1
D
79589 Binzen
Legal form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 31.08.2012
Reg.
data: 79098 Freiburg, HRB 708855
Manager:
Werner
Glatt Investment Verwaltung GmbH
Werner-Glatt-Str. 1
D
79589 Binzen
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 04.09.2012
Reg.
data: 79098 Freiburg, HRB 708864
Manager:
Glatt
Ingenieurtechnik Gesellschaft mit
beschränkter Haftung
Nordstr. 12
D
99427 Weimar
Legal
form: Private limited company
Share
capital: EUR 511,291.88
Registered
on: 23.05.1991
Reg.
data: 07745 Jena, HRB 102013
Manager:
Glatt
Systemtechnik Gesellschaft mit
beschränkter Haftung
Grunaer Weg 26
D 01277 Dresden
Legal
form: Private limited company
Share
capital: EUR 255,645.94
Registered
on: 16.12.1991
Reg.
data: 01069 Dresden, HRB 4203
Manager:
hollomet Gesellschaft mit beschränkter
Haftung
Grunaer Weg 26
D
01277 Dresden
Legal
form: Private limited company
Share
capital: EUR 51,129.19
Registered
on: 16.12.1991
Reg.
data: 01069 Dresden, HRB 4204
Manager:
IPC
Process-Center Verwaltungsgesellschaft
mbH
Im
Schlattgarten 26
D
79589 Binzen
Legal
form: Private limited company
Share
capital: EUR 25,564.59
Registered
on: 27.08.1992
Reg.
data: 79098 Freiburg, HRB 412028
Manager:
FFF
GmbH
Grunaer Weg 26
D
01277 Dresden
Legal form: Private limited
company dormant
Share
capital: EUR 25,000.00
Registered
on: 03.06.2013
Reg.
data: 01069 Dresden, HRB 32292
05.11.2012 -
17.12.2012 Neckarsee 273. V V GmbH
Kurt-Schumacher-Str. 18-20
D
53113 Bonn
Private limited company
17.12.2012 -
23.04.2013 Northstar Capital Investment
GmbH
Kriegsbergstr. 15
D
70174 Stuttgart
Private limited company
08.01.2013 -
23.04.2013 Manager
Markus Höfliger
D
71573 Allmersbach
14.11.2012 -
17.12.2012 Manager
Andreas Koglin
D
53225 Bonn
Sectors
64200 Activities of
holding companies
7010 Activities of head
offices
Payment experience: within
periods customary in this trade
Negative information:We have no negative information at hand.
Type of ownership: Tenant
Address Werner-Glatt-Str. 1
D 79589 Binzen
Real Estate of: GLATT Gesellschaft mit beschränkter
Haftung
Type of ownership: Tenant
Address Werner-Glatt-Str. 1
D 79589 Binzen
Real Estate of: Reinhard Otto Adolf Nowak
Type of ownership: Tenant
Address Im Schlattgarten 26
D 79589 Binzen
Land register documents were not available.
A bank connection is unknown.
Liabilities: EUR 6,355,930.00
Employees:
1
Balance sheet ratios 01.01.2013 - 31.12.2013(1)
Equity ratio [%]: -1.62
Liquidity ratio: 0.44
Return on total capital
[%]: -1.95
Balance sheet ratios 05.11.2012 - 31.12.2012(1)
Equity ratio [%]: 61.52
Liquidity ratio: 2.60
Return on total capital
[%]: 24.38
(1) The depth of balance
sheet suggests that the company, as a
so-called micro-entity in
accordance with art. 267a German
Commercial Code, has
availed itself of the facilitations of the
German Micro-Entities
Amending Account Law (MicBilG) This is why
it is possible that the
resultant reduction of the depth of
presentation in the annual
accounts may entail deviating
calculation methods of the
respective balance sheet ratios and
thus to an altered Solvency
Rating [NG] and/or balance sheet
grade.
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: micro balance sheet
Financial year: 01.01.2013
- 31.12.2013 (2)
ASSETS EUR 6,357,729.67
Fixed assets
EUR 3,454,694.51
Current assets
EUR 2,801,873.43
Remaining other assets
EUR 101,161.73
Deficit not covered by shareholders'
equity
EUR 101,161.73
LIABILITIES EUR 6,357,729.67
Provisions
EUR 1,800.00
Liabilities
EUR 6,355,929.67
Type
of balance sheet: micro
balance sheet
Financial year: 05.11.2012
- 31.12.2012 (2)
ASSETS EUR 35,001.87
Current assets
EUR 35,001.87
LIABILITIES EUR 35,001.87
Shareholders' equity
EUR 21,534.51
Liabilities
EUR 13,467.36
(2)
The abbreviated depth of presentation of the annual accounts
may
be atributed to application of regulations within the German
Micro-Entities Amending Accounting Law.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.14 |
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|
1 |
Rs.95.78 |
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Euro |
1 |
Rs.71.05 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
NIT |
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.