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Report No. : |
304222 |
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Report Date : |
20.01.2015 |
IDENTIFICATION DETAILS
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Name : |
OSKAR BERG BASISCHEMIKALIEN GMBH |
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Registered Office : |
Kardinal-Galen-Str. 56 D 47051
Duisburg |
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Country : |
Germany |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
07.05.2008 |
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Com. Reg. No.: |
HRB 20323 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
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No. of Employee : |
17 |
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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 |
OSKAR BERG BASISCHEMIKALIEN GMBH
Company Status: active
Kardinal-Galen-Str. 56
D 47051 Duisburg
Telephone:0203/2986788-0
Telefax: 0203/29867886-66
Homepage: www.oskar-berg.de
E-mail: info@oskar-berg.de
VAT no.: DE260194645
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 07.05.2008
Shareholders'
agreement: 07.05.2008
Registered on: 19.06.2008
Commercial Register: Local court 47051 Duisburg
under: HRB
20323
EUR 100,000.00
Shareholder:
Sabine Pauli
D 45468 Mülheim
born: 19.12.1957
Share: EUR 89,000.00
Shareholder:
Nadine Treinen
D 45127 Essen
born: 13.12.1978
Share: EUR 10,000.00
Shareholder:
Oskar Berg GmbH
Kardinal-Galen-Str. 56
D 47051 Duisburg
Legal form: Private
limited company
Share capital: EUR 500,000.00
Share: EUR 1,000.00
Registered on: 15.03.1999
Reg. data: 47051
Duisburg, HRB 8131
Manager:
Heiner Pauli
Tannenstr. 21
D 45478 Mülheim
having sole power of
representation
born: 02.04.1957
Profession: Businessman
Proxy:
Nadine Treinen
D 45127 Essen
having sole power of
representation
born: 13.12.1978
Proxy:
Sabine Pauli
D 45468 Mülheim
having sole power of
representation
born: 19.12.1957
Proxy:
Ralf Schramm
Reichenbachstr. 47
D 47441 Moers
having sole power of
representation
born: 12.01.1965
Further functions/participations of Heiner
Pauli (Manager)
Shareholder:
Oskar Berg GmbH
Kardinal-Galen-Str. 56
D 47051 Duisburg
Legal form: Private limited
company
Share capital: EUR 500,000.00
Share: EUR 500,000.00
Registered
on: 15.03.1999
Reg. data: 47051 Duisburg, HRB 8131
Manager:
Oskar Berg GmbH
Kardinal-Galen-Str. 56
D 47051 Duisburg
Legal form: Private
limited company
Share capital: EUR 500,000.00
Registered
on: 15.03.1999
Reg. data: 47051 Duisburg, HRB 8131
Main industrial sector
46750
Wholesale of chemical products
96090
Other service activities n. e. c.
Trade in (as well import and export) industry
raw materials.
Payment experience: Slow but Correct
Negative information: We have no negative
information at hand.
Balance sheet year: 2012
Type of ownership: Tenant
Address Kardinal-Galen-Str.
56
D 47051 Duisburg
Land register documents were not available.
DEUTSCHE BANK PRIVAT UND GESCHÄFTSKUNDEN,
47003 DUISBURG
Sort. code: 35070024
BIC: DEUTDEDB350
Turnover: 2014 *EUR 3,952,500.00
Equipment: *EUR 110,500.00
Ac/ts receivable: EUR 1,009,329.00
Liabilities: EUR 3,059,567.00
Employees:
17
The business figures marked with an asterisk
are estimates based
on average values in the line of business.
BALANCE SHEETS
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 22.07
Liquidity ratio: 0.44
Return on total capital [%]: -6.16
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 16.94
Liquidity ratio: 0.38
Return on total capital [%]: 4.85
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 26.48
Liquidity ratio: 0.49
Return
on total capital [%]: 0.19
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 29.04
Liquidity ratio: 0.70
Return on total capital [%]: 7.17
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
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 3,225,158.50
Fixed assets
EUR 174,018.00
Intangible assets
EUR 26,455.00
Tangible assets
EUR 147,563.00
Current assets
EUR 3,042,450.56
Stocks
EUR 1,863,092.25
Accounts receivable
EUR 1,009,329.20
Liquid means
EUR 170,029.11
Remaining
other assets EUR 8,689.94
Accruals (assets)
EUR 8,689.94
LIABILITIES EUR 3,225,158.50
Shareholders' equity
EUR 105,167.58
Capital
EUR 100,000.00
Subscribed capital (share capital)
EUR 100,000.00
Balance sheet profit/loss (+/-)
EUR 5,167.58
Profit / loss brought forward
EUR 202,887.89
Annual surplus / annual deficit
EUR -197,720.31
Provisions
EUR 60,424.00
Liabilities
EUR 3,059,566.92
Type of balance sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 4,181,312.64
Fixed assets
EUR 167,859.00
Intangible assets
EUR 888.00
Other / unspecified intangible assetsEUR 888.00
Tangible assets
EUR 166,971.00
Other / unspecified tangible assets
EUR 166,971.00
Current assets EUR 4,003,509.19
Stocks
EUR 2,769,740.74
Accounts receivable
EUR 1,171,818.14
Other debtors and assets
EUR 1,171,818.14
Liquid means EUR 61,950.31
Remaining other assets
EUR 9,944.45
Accruals (assets)
EUR 9,944.45
LIABILITIES EUR 4,181,312.64
Shareholders' equity
EUR 302,887.89
Capital
EUR 100,000.00
Subscribed capital (share capital)
EUR 100,000.00
Balance sheet profit/loss (+/-)
EUR 202,887.89
Profit / loss brought forward
EUR 17.78
Annual surplus / annual deficit
EUR 202,870.11
Provisions
EUR 297,741.19
Liabilities
EUR 3,580,683.56
Other liabilities
EUR 3,580,683.56
Unspecified other liabilities
EUR 3,580,683.56
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.70 |
|
|
1 |
Rs.93.41 |
|
Euro |
1 |
Rs.71.33 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
ANK |
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 |
|
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 |
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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.