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Report No. : |
327195 |
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Report Date : |
16.06.2015 |
IDENTIFICATION DETAILS
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Name : |
D + C AIRPARTS BATTERY IN EUROPE GMBH |
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Registered Office : |
An Der Brücke 12, D 64546
Mörfelden-Walldorf |
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Country : |
Germany |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
14.03.1980 |
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Com. Reg. No.: |
HRB 51924 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Repair
of Other Equipment ·
Wholesale
of Other Equipment and Accessories for Machinery and Technical Supplies |
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No. of Employees : |
7 |
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 : |
No Complaints |
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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) |
|
Germany |
A1 |
A1 |
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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 5.3% 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. 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 accounts for 34% of total energy
consumption, 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.
|
Source
: CIA |
D +
C AIRPARTS BATTERY IN EUROPE GMBH
Company Status: active
An der Brücke 12
D 64546
Mörfelden-Walldorf
Telephone:06105/97010
Telefax: 06105/970144
Homepage: www.dc-airparts.de
E-mail: info@dc-airparts.de
DE111625653
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 14.03.1980
Shareholders'
agreement: 14.03.1980
Registered on: 30.11.1982
Commercial Register: Local court 64283 Darmstadt
under: HRB
51924
EUR 27,000.00
Shareholder:
Sperber Aviation
Industries GmbH
An der Brücke 12
D 64546
Mörfelden-Walldorf
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 27,000.00
Registered on: 30.09.2011
Reg. data: 64283
Darmstadt, HRB 90410
Control and profit
transfer agreement
Manager:
Karl-Christian Schweyer
Platzl 4a
D 80331 München
having sole power of
representation
born: 15.11.1968
Profession: Fully
qualified merchant
Marital status: single
Further functions/participations of
Karl-Christian Schweyer
(Manager)
Shareholder:
Flipcapital GmbH
Elbblöcken 14
D 22605 Hamburg
Legal form: Private
limited company
Share capital: EUR
1,800,000.00
Share: EUR 882,000.00
Registered
on: 15.06.2011
Reg. data: 20355 Hamburg, HRB 118643
Shareholder:
Sperber Industries GmbH
Platzl 4a
D 80331 München
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 01.04.2008
Reg. data: 80333 München, HRB 172965
Shareholder:
ISPE
Verwaltungsgesellschaft mbH
Elbblöcken 14
D 22605 Hamburg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 10.09.2004
Reg. data: 20355 Hamburg, HRB 91499
Shareholder:
Weihe Verwaltungs GmbH
Elbblöcken 14
D 22605 Hamburg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 11.10.2011
Reg. data: 20355 Hamburg, HRB 120131
Manager:
Flipcapital GmbH
Elbblöcken 14
D 22605 Hamburg
Legal form: Private limited
company
Share capital: EUR 1,800,000.00
Registered
on: 15.06.2011
Reg. data: 20355 Hamburg, HRB 118643
Manager:
Sperber Industries GmbH
Platzl 4a
D 80331 München
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 01.04.2008
Reg. data: 80333 München, HRB 172965
Manager:
Sperber Aviation
Industries GmbH
An der Brücke 12
D 64546
Mörfelden-Walldorf
Legal form:
Private limited company
Share capital: EUR 25,000.00
Registered
on: 30.09.2011
Reg. data: 64283 Darmstadt, HRB 90410
Manager:
ISPE
Verwaltungsgesellschaft mbH
Elbblöcken 14
D 22605 Hamburg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 10.09.2004
Reg. data: 20355 Hamburg, HRB 91499
President of the Supervisory Board:
1000mikes AG
Hansaplatz 4
D 20099 Hamburg
Legal form: Public
limited company
Share capital: EUR 50,000.00
Registered
on: 08.11.2007
Reg. data:
20355 Hamburg, HRB 103038
14.03.1980 - 29.11.1982 D + C Airparts Battery in Europe GmbH
D 60311 Frankfurt
Private limited
company
27.01.2012 - 14.01.2013 Manager
Erich Aumeier
D 65451 Kelsterbach
Main
industrial sector
33190
Repair of other equipment
46693
Wholesale of other equipment and accessories for machinery and technical
supplies
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2013
Type of ownership: Tenant
Address An der Brücke 12
D 64546
Mörfelden-Walldorf
Land register documents were not
available.
KREISSPARKASSE GROß-GERAU, 64546
MÖRFELDEN-WALLDORF
Sort. code: 50852553
BIC:
HELADEF1GRG
KREISSPARKASSE GROß-GERAU, 64504 GROß-GERAU
Sort. code: 50852553
BIC: HELADEF1GRG
Turnover: 2014 *EUR 805,000.00
Equipment: *EUR 56,000.00
Ac/ts receivable: EUR 1,250,561.00
Liabilities: EUR 1,408,875.00
Employees:
7
Control and profit transfer agreement to:
Sperber Aviation
Industries GmbH
An der Brücke 12
D 64546
Mörfelden-Walldorf
The
business figures marked with an asterisk are estimates based on average values
in the line of business.
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 59.80
Liquidity ratio: 0.80
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 62.23
Liquidity ratio: 1.01
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 68.11
Liquidity ratio: 10.00
Return on total capital [%]: 16.88
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 53.78
Liquidity ratio: 10.00
Return on total capital [%]: 15.55
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: 01.01.2013 - 31.12.2013
ASSETS EUR 4,757,793.36
Fixed assets
EUR 102,220.26
Intangible assets
EUR 24,462.00
Tangible assets
EUR 77,656.00
Financial assets
EUR 102.26
Other / unspecified financial assets EUR 102.26
Current assets
EUR 4,650,440.08
Stocks
EUR 2,686,052.59
Accounts receivable
EUR 1,250,561.16
Liquid means
EUR 713,826.33
Remaining other assets
EUR 5,133.02
Accruals (assets)
EUR 5,133.02
LIABILITIES EUR 4,757,793.36
Shareholders' equity
EUR 3,128,318.32
Capital
EUR 27,000.00
Subscribed capital (share capital)
EUR 27,000.00
Balance sheet profit/loss (+/-)
EUR 3,101,318.32
Balance
sheet profit / loss EUR 3,101,318.32
Provisions
EUR 220,600.00
Liabilities
EUR 1,408,875.04
Guarantees and other commitments
EUR 2,650,077.05
Other guarantees and other commitmentsEUR 2,650,077.05
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 4,668,635.19
Fixed
assets EUR 142,782.26
Intangible assets
EUR 34,448.00
Tangible assets
EUR 108,232.00
Financial assets
EUR 102.26
Current assets
EUR 4,525,492.93
Stocks
EUR 2,624,782.64
Accounts receivable
EUR 1,556,092.46
Other debtors and assets
EUR 1,556,092.46
Liquid means
EUR 344,617.83
Remaining other assets
EUR 360.00
Accruals (assets)
EUR 360.00
LIABILITIES EUR 4,668,635.19
Shareholders' equity
EUR 3,128,318.32
Capital
EUR 27,000.00
Subscribed capital (share capital)
EUR 27,000.00
Balance
sheet profit/loss (+/-) EUR 3,101,318.32
Balance sheet profit / loss
EUR 3,101,318.32
Provisions
EUR 222,700.00
Liabilities
EUR 1,317,616.87
Guarantees and other commitments
EUR 3,253,345.99
Other guarantees and other commitmentsEUR 3,253,345.99
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.09 |
|
|
1 |
Rs.99.57 |
|
Euro |
1 |
Rs.71.84 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
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Report Prepared
by : |
NIT |
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 |
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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 |
|
|
<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.