MIRA INFORM REPORT
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Report No. : |
332466 |
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Report Date : |
22.07.2015 |
IDENTIFICATION DETAILS
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Name : |
USV-POWER GMBH |
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Registered Office : |
Oststr. 68, D 32051 Herford |
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Country : |
Germany |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
11.09.2013 |
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Com. Reg. No.: |
HRB 13774 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
· Manufacture of batteries and accumulators · Manufacture of other general-purpose machinery · Wholesale of other machinery · Wholesale of other equipment and accessories for machinery and technical supplies |
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No. of Employees : |
Not Available |
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 |
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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) |
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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, 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 |
Company
Name & address
USV-POWER GMBH
Company Status: active
Oststr. 68
D 32051 Herford
Telephone:05221/6914952
CONCLUSION
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 11.09.2013
Shareholders'
agreement: 11.09.2013
Registered on: 06.11.2013
Commercial Register: Local court 32545 Bad
Oeynhausen
under: HRB 13774
Share capital: EUR 25,000.00
Shareholder:
Wolfgang Pietsch
Beerenstr. 6
D 32120 Hiddenhausen
born: 12.09.1953
Share: EUR 12,500.00
Shareholder:
Subhash Narayan Patil
32, Pratiksha, Nimbkar
Society
, Malbar Hill Road,
Mulund-Co.
IND - Mulund West, Mumbai
400082, MS
born: 23.01.1959
Share: EUR 12,500.00
Manager:
Wolfgang Pietsch
Beerenstr. 6
D 32120 Hiddenhausen
having sole power of
representation
born: 12.09.1953
Profession: Radio and
television technician
Manager:
Subhash Narayan Patil
32, Pratiksha, Nimbkar
Society
, Malbar Hill Road,
Mulund-Co.
IND - Mulund West, Mumbai
400082, MS
having sole power of
representation
born: 23.01.1959
Nationality: Indian
Further functions/participations of Wolfgang
Pietsch (Manager)
Shareholder:
SRS GreenPower GmbH
Oststr. 68
D 32051 Herford
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 07.12.2012
Reg. data: 32545 Bad Oeynhausen, HRB 13290
Shareholder:
SRS
Stromversorgungsanlagen GmbH
Oststr. 68
D 32051 Herford
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 04.01.2008
Reg. data: 32545 Bad Oeynhausen, HRB 10735
Manager:
SRS GreenPower GmbH
Oststr. 68
D 32051 Herford
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 07.12.2012
Reg. data: 32545 Bad Oeynhausen, HRB 13290
Manager:
SRS
Stromversorgungsanlagen GmbH
Oststr. 68
D 32051 Herford
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 04.01.2008
Reg. data: 32545 Bad Oeynhausen, HRB 10735
COMPANY
HISTORY
06.11.2013 - 12.03.2015 USV-Power GmbH
Beerenstr. 6
D 32120 Hiddenhausen
Private limited
company
BUSINESS
ACTIVITIES
Main industrial sector
27200 Manufacture
of batteries and accumulators
2829
Manufacture of other general-purpose machinery n.e.c.
Secondary industrial sector
46692
Wholesale of other machinery
46693
Wholesale of other equipment and accessories for machinery and technical
supplies
FINANCIAL
INFORMATION
Payment experience: Slow
Negative information: We have no negative
information at hand.
REAL
ESTATE
Type of ownership: Tenant
Address Oststr. 68
D 32051 Herford
Land register documents were not available.
BANKERS
A
bank connection is unknown.
FINANCIAL
FIGURES
Ac/ts receivable: EUR 1,266.00
Liabilities: EUR 50.00
The
number of employees is not known.
BALANCE
SHEETS
Balance sheet ratios 11.09.2013 - 31.12.2013
Equity ratio [%]: 96.36
Liquidity ratio: 10.00
Return on total capital [%]: -10.79
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: 11.09.2013 - 31.12.2013
ASSETS EUR 23,333.40
Current assets
EUR 23,333.40
Stocks
EUR 5,212.00
Accounts receivable
EUR 1,265.64
Liquid means
EUR 16,855.76
LIABILITIES EUR 23,333.40
Shareholders' equity
EUR 22,483.40
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR -2,516.60
Annual surplus / annual deficit
EUR -2,516.60
Provisions
EUR 800.00
Liabilities
EUR 50.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.63.65 |
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|
1 |
Rs.99.14 |
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Euro |
1 |
Rs.68.91 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
TPT |
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.