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Report No. : |
310842 |
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Report Date : |
09.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
FERMET ROHSTOFFHANDEL GMBH |
|
|
|
|
Registered Office : |
Kampstr. 87, D 45468 Mülheim |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2013 |
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|
|
|
Date of Incorporation : |
18.05.1995 |
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|
|
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Com. Reg. No.: |
HRB 15381 |
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|
|
|
Legal Form : |
Private Limited Company |
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|
|
|
Line of Business : |
Non-Specialized
Wholesale of Raw Materials and Half-Finished and Finished Goods. |
|
|
|
|
No. of Employees : |
4 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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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 |
|
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 |
FERMET
Rohstoffhandel GmbH
Company Status: active
Kampstr. 87
D 45468 Mülheim
Telephone:0208/308090
Telefax: 0208/3080999
E-mail: landreh@fermet.de
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 18.05.1995
Shareholders'
agreement: 18.05.1995
Registered on: 17.09.1996
Commercial Register: Local court 47051 Duisburg
under: HRB
15381
EUR 500,000.00
Shareholder:
Matthias Dirk Wewers
Pausstr. 114
D 45357 Essen
born: 11.06.1978
Share: EUR 255,000.00
Shareholder:
Stefan Landreh
Lothringenstr. 28
D 45259 Essen
born: 20.05.1961
Share: EUR 245,000.00
Manager:
Stefan Landreh
Lothringenstr. 28
D 45259 Essen
having sole power of
representation
born: 20.05.1961
Profession: Businessman
Marital status: married
Manager:
Matthias Dirk
Wewers
Pausstr. 114
D 45357 Essen
having sole power of
representation
born: 11.06.1978
Marital status: unknown
Proxy:
Erwin Soldatke
Meisenstr. 44
D 47228 Duisburg
having sole power of
representation
born: 17.05.1951
Profession: Businessman
Proxy:
Rainer Wewers
Leggewiestr. 35
D 45359 Essen
having sole power of
representation
born: 27.10.1950
Marital status: unknown
02.08.1995 - 17.09.1996 FERMET Rohstoffhandel GmbH
Heisinger Str. 470
D 45259 Essen
Private limited
company
25.09.1996 - 20.07.2012 Manager
Erwin Soldatke
D 47228 Duisburg
25.09.1996 - 20.07.2012 Manager
Rainer Wewers
D 45359 Essen
Main industrial sector
46902
Non-specialized wholesale of raw materials and half-finished and
finished goods
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2013
Type of ownership: Tenant
Address Kampstr.
87
D 45468 Mülheim
Real Estate of: Matthias
Dirk Wewers
Type of ownership: Tenant
Address Pausstr.
114
D 45357 Essen
Land register documents were not available.
Principal bank
COMMERZBANK, 45116 ESSEN, RUHR
Sort. code: 36040039
BIC: COBADEFFXXX
Further bank
COMMERZBANK VORMALS DRESDNER BANK, 45008
ESSEN, RUHR
Sort. code: 36080080
BIC: DRESDEFF360
Gross profit or loss:2013 EUR 1,478,813.00
Profit: 2013 EUR -86,757.00
Equipment: EUR 181,042.00
Ac/ts
receivable:
EUR 2,265,645.00
Liabilities: EUR 5,458,024.00
Employees:
4
Balance
sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 17.46
Liquidity ratio: 0.50
Return on total capital [%]: -1.27
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 30.59
Liquidity ratio: 0.74
Return on total capital [%]: 9.19
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 76.76
Liquidity ratio: 3.68
Return on total capital [%]: 6.94
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 55.34
Liquidity ratio: 0.91
Return on total capital [%]: 6.41
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 6,865,285.33
Fixed assets
EUR 839,077.25
Intangible assets
EUR 12,386.50
Concessions, licences, rights
EUR 12,386.50
Tangible assets
EUR 181,041.50
Other tangible assets / fixtures and
fittings
EUR 181,041.50
Financial assets
EUR 645,649.25
Other / unspecified financial assets EUR 645,649.25
Current
assets EUR 5,976,038.53
Stocks
EUR 3,547,411.70
Other / unspecified stocks
EUR 3,547,411.70
Accounts receivable
EUR 2,265,644.65
Amounts due from shareholders
EUR 9,437.34
Other debtors and assets
EUR 2,256,207.31
Liquid means
EUR 162,982.18
Remaining other assets
EUR 50,169.55
Accruals (assets)
EUR 8,004.55
Deferred taxes (assets)
EUR 42,165.00
LIABILITIES EUR 6,865,285.33
Shareholders' equity EUR 434,524.03
Capital
EUR 500,000.00
Subscribed capital (share capital)
EUR 500,000.00
Reserves
EUR 4,886.00
Retained earnings / revenue reserves EUR 4,886.00
Balance sheet profit/loss (+/-)
EUR -70,361.97
Profit / loss brought forward
EUR 16,395.31
Annual surplus / annual deficit
EUR -86,757.28
Provisions
EUR 972,737.26
Pension provisions and comparable
provisions
EUR 782,061.26
Other / unspecified provisions
EUR 190,676.00
Liabilities EUR 5,458,024.04
Financial debts
EUR 2,665,000.00
Liabilities due to banks
EUR 2,665,000.00
Other liabilities
EUR 2,793,024.04
Liabilities
due to shareholders EUR 807,000.00
Unspecified other liabilities
EUR 1,986,024.04
Guarantees and other commitments
EUR 1,688,700.00
Other guarantees and other commitmentsEUR 1,688,700.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 1,478,812.62
Staff expenses
EUR 644,933.12
Wages and salaries EUR 472,643.98
Social security contributions and
expenses for pension plans and
benefits
EUR 172,289.14
Total depreciation
EUR 39,848.39
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 39,848.39
Other operating expenses
EUR 548,523.20
Operating result from continuing
operations EUR 245,507.91
Interest result (+/-)
EUR -354,712.23
Interest and similar income
EUR 3,357.86
Interest and similar expenses
EUR 358,070.09
Financial result (+/-)
EUR -354,712.23
Result from ordinary operations (+/-)
EUR -109,204.32
Income tax / refund of income tax (+/-)EUR 23,343.00
Other taxes / refund of taxes
EUR -895.96
Tax
(+/-)
EUR 22,447.04
Annual surplus / annual deficit
EUR -86,757.28
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS
EUR 8,375,996.55
Fixed assets
EUR 727,962.56
Intangible assets
EUR 682.50
Concessions, licences, rights
EUR 682.50
Tangible assets EUR 131,351.00
Other tangible assets / fixtures and
fittings
EUR 131,351.00
Financial assets
EUR 595,929.06
Other / unspecified financial assets EUR 595,929.06
Current assets
EUR 7,603,021.70
Stocks
EUR 4,135,936.25
Accounts receivable
EUR 3,300,795.21
thereof
total due from shareholders EUR 3,945.14
Other debtors and assets
EUR 3,300,795.21
Liquid means
EUR 166,290.24
Remaining other assets
EUR 45,012.29
Accruals (assets)
EUR 11,493.29
Deferred taxes (assets)
EUR 33,519.00
LIABILITIES EUR 8,375,996.55
Shareholders' equity
EUR 521,281.31
Capital
EUR 500,000.00
Subscribed capital (share capital)
EUR 500,000.00
Reserves
EUR 4,886.00
Retained
earnings / revenue reserves EUR
4,886.00
Balance sheet profit/loss (+/-)
EUR 16,395.31
Balance sheet profit / loss
EUR 16,395.31
Provisions
EUR 1,147,073.09
Liabilities
EUR 6,707,642.15
thereof total due to shareholders
EUR 2,067,150.20
Financial debts
EUR 1,050,751.74
Liabilities due to banks
EUR 1,050,751.74
Other liabilities
EUR 5,656,890.41
Unspecified other liabilities
EUR 5,656,890.41
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-) EUR 3,624,537.09
Staff expenses
EUR 1,040,029.84
Wages and salaries
EUR 881,202.69
Social security contributions and
expenses for pension plans and
benefits
EUR 158,827.15
Total depreciation
EUR 35,343.01
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 35,343.01
Other operating expenses
EUR 935,482.29
Operating result from continuing
operations
EUR 1,613,681.95
Interest result (+/-)
EUR -455,108.57
Interest and similar income EUR 5,000.47
Interest and similar expenses
EUR 460,109.04
Financial result (+/-)
EUR -455,108.57
Result from ordinary operations (+/-)
EUR 1,158,573.38
Income tax / refund of income tax (+/-)EUR -389,992.32
Other taxes / refund of taxes
EUR -2,185.75
Tax
(+/-)
EUR -392,178.07
Annual surplus / annual deficit
EUR 766,395.31
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.20 |
|
|
1 |
Rs.94.71 |
|
Euro |
1 |
Rs.68.60 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
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|
Report Prepared
by : |
NIT |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.