MIRA INFORM REPORT

 

 

Report No. :

305074

Report Date :

30.01.2015

 

IDENTIFICATION DETAILS

 

Name :

STARO STAHLROHRHANDELSGESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG

 

 

Registered Office :

Horster Landstr. 81 D 21220 Seevetal

 

 

Country :

Germany

 

 

Date of Incorporation :

12.12.2012

 

 

Com. Reg. No.:

HRB 204208

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :
  • Agents involved in the sale of iron, metal and plastic
  • Wholesale of iron ores, iron, steel and iron and steel

 

 

No. of Employee :

10

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Slow but correct

 

 

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

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

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.

 

Source : CIA

 

 

note

 

Staro GmbH, Bramfelder Chaussee 282, D 22177 Hamburg

 

 The subject of your inquiry is a branch. We are reporting on the headquarters.

 

 

Company name and address

 

STARO STAHLROHRHANDELSGESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG.

 

 Company Status:      active

                      Horster Landstr. 81

                      D 21220 Seevetal

                      Telephone:05149/987610

                      Telefax:  05149/9876121

                      Homepage: www.staro-gmbh.de

                      E-mail:   info@staro-gmbh.de

 

 VAT no.:                      DE287258253

 Tax ID number:             50/200/13257

 

 

 CONCLUSION

 

 Business relations are permissible.

 

 LEGAL FORM              Private limited company

 Date of foundation:      12.12.2012

 Shareholders'

 agreement:                   12.12.2012

 Registered on:             15.02.2013

 Commercial Register:   Local court 21335 Lüneburg

 under:                          HRB 204208

 

 

 Share capital

 

EUR             25,000.00

 

 Shareholder:

                      Clemens Dahlke

                      Kefersteinstr. 1

                      D 21335 Lüneburg

                      born: 08.03.1964

                      Share:             EUR             25,000.00

 Manager:

                      Clemens Dahlke

                      Kefersteinstr. 1

                      D 21335 Lüneburg

                      having sole power of representation

                      born: 08.03.1964

                      Profession: master heating and

                      ventilationengineer

                      Marital status: married

 

 Further functions/participations of Clemens Dahlke (Manager)

 Shareholder:

                      H L S Dahlke GmbH

                      Horster Landstr. 81

                      D 21220 Seevetal

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Share:             EUR             24,375.00

                      Registered

                      on:         22.05.2012

                      Reg. data:  21335 Lüneburg, HRB 203793

 Manager:

                      H L S Dahlke GmbH

                      Horster Landstr. 81

                      D 21220 Seevetal

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         22.05.2012

                      Reg. data:  21335 Lüneburg, HRB 203793

 

 

 BUSINESS ACTIVITIES

 

 Main industrial sector

 46154   Agents involved in the sale of iron, metal and plastic

 goods n.e.c.

46721   Wholesale of iron ores, iron, steel and iron and steel

 semi-finished goods

 

 

 BRANCHES AND FACTORIES

 

 Branch:

                      StaRo Stahlrohrhandelsgesellschaft mit

                      beschränkter Haftung.

                      Bramfelder Chaussee 282

                      D 22177 Hamburg

                      TEL.: 040/30202060

                      FAX.: 040/302020620

 

 FINANCIAL INFORMATION

 

 Payment experience:  Slow but Correct

 

 Negative information:We have no negative information at hand.

 

 

 REAL ESTATE

 

 Type of ownership:       Tenant

 Address                       Horster Landstr. 81

                                    D 21220 Seevetal

 

 Land register documents were not available.

 

 

 BANKERS

 

 SPARKASSE HARBURG-BUXTEHUDE, 21045 HAMBURG

 Sort. code: 20750000

 BIC: NOLADE21HAM

 

 

 FINANCIAL FIGURES

 

 Financial year:      01.01. - 31.12.

 Turnover:            2013               EUR          4,500,000.00

                      2014               EUR         10,000,000.00

 further business figures:

 Share capital:                          EUR             25,000.00

 Equipment:                             *EUR             75,000.00

 Ac/ts receivable:                      *EUR            280,000.00

 Liabilities:                           *EUR            360,000.00

 Employees:                                                     10

 

 The business figures marked with an asterisk are estimates based  on average values in the line of business.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.50

UK Pound

1

Rs.93.12

Euro

1

Rs.69.33

 

 

INFORMATION DETAILS

 

Analysis Done by :

KAR

 

 

Report Prepared by :

ANK

 

 

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%)

 

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.