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Report No. : |
314536 |
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Report Date : |
25.03.2015 |
IDENTIFICATION DETAILS
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Name : |
IRS STAHLHANDEL GMBH |
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Registered Office : |
Bischofstr. 88, D 47809 Krefeld |
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Country : |
Germany |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
20.08.1981 |
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Com. Reg. No.: |
HRB 2364 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Wholesale of Iron Ores, Iron, Steel and Iron and Steel
Semi-Finished Goods. ·
Wholesale of Waste and Scrap. |
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No. of Employees : |
6 |
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) |
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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, 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 |
IRS
Stahlhandel GmbH
Company Status: active
Bischofstr. 88
D 47809 Krefeld
Telephone:02151/507550
Telefax: 02151/5075544
Homepage: www.irsstahlhandel.de
E-mail: irs@irsstahlhandel.de
DE120150915
122/2900/9003
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 20.08.1981
Shareholders'
agreement: 20.08.1981
Registered on: 19.11.1981
Commercial Register: Local court 47798 Krefeld
under: HRB
2364
EUR 123,000.00
Shareholder:
Possehl Erzkontor
Gesellschaft mit
beschränkter Haftung
Beckergrube 38-52
D 23552 Lübeck
Post Box:
16 33, D 23505 Lübeck
Legal form: Private
limited company
Share capital: EUR
26,100,000.00
Share: EUR 123,000.00
Registered on: 08.02.1915
Reg. data: 23568 Lübeck,
HRB 67 HL
Manager:
Thomas Fuhrberg
Brookkehre 11
D 21029 Hamburg
born: 11.09.1954
Profession: Businessman
Marital status: married
Manager:
Dr. Detlef Lunebach
D 47051 Duisburg
authorized to jointly
represent the company
Profession: Engineer
Proxy:
Klaus Litze
D 41061 Mönchengladbach
authorized to jointly
represent the company
born: 04.08.1950
Further functions/participations of Thomas
Fuhrberg (Manager)
Manager:
Mineralmahlwerk C. Welsch
Gesellschaft mit
beschränkter Haftung
Am Lippeglacis 11
D 46483 Wesel
Post Box:
10 04 87
Legal form: Private
limited company
Share capital: EUR 921,000.00
Registered
on: 08.12.1980
Reg. data: 47051 Duisburg, HRB 10613
Manager:
Possehl Erzkontor
Gesellschaft mit
beschränkter Haftung
Beckergrube 38-52
D 23552 Lübeck
Post Box:
16 33, D 23505 Lübeck
Legal form: Private
limited company
Share capital: EUR
26,100,000.00
Registered
on: 08.02.1915
Reg. data: 23568 Lübeck, HRB 67 HL
Manager:
Easy Bulk Logistics GmbH
Hauptstr. 200
D 56170 Bendorf
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 26.01.2009
Reg. data:
56068 Koblenz, HRB 21402
20.08.1981 - 13.08.1997 I.R.S. Stahlhandel GmbH
Uerdinger Str. 540
D 47800 Krefeld
Private limited
company
13.08.1997
- 2002 IRS Stahlhandel GmbH
Uerdinger Str. 540
D 47800 Krefeld
Private limited
company
Main
industrial sector
46721
Wholesale of iron ores, iron, steel and iron and steel semi-finished
goods
46770
Wholesale of waste and scrap
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2013
Type of ownership: Tenant
Address Bischofstr.
88
D 47809 Krefeld
Land register documents were not available.
COMMERZBANK, 40002 DÜSSELDORF
Sort. code: 30040000
BIC: COBADEDDXXX
DEUTSCHE BANK, 47707 KREFELD
Sort. code: 32070080
BIC: DEUTDEDD320
Turnover: 2013 *EUR 1,665,000.00
2014 *EUR 1,665,000.00
further business figures:
Equipment:
*EUR 72,000.00
Ac/ts receivable: EUR 1,132,049.00
Liabilities: EUR 240,067.00
Employees:
6
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 [%]: 5.27
Liquidity ratio: 6.31
Return
on total capital [%]: -2.73
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 9.55
Liquidity ratio: 4.68
Return on total capital [%]: 18.82
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 36.80
Liquidity ratio: 3.45
Return on total capital [%]: 16.43
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 22.08
Liquidity ratio: 1.64
Return
on total capital [%]: 11.68
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 1,585,327.52
Fixed assets
EUR 16,870.43
Intangible assets
EUR 300.01
Tangible assets
EUR 16,570.42
Current assets
EUR 1,544,682.09
Stocks
EUR 251,625.99
Accounts receivable
EUR 1,132,049.16
Liquid means
EUR 161,006.94
Remaining other assets
EUR 24,775.00
Accruals (assets)
EUR 24,775.00
Difference assets / liabilities EUR -1,000.00
LIABILITIES EUR 1,585,327.52
Shareholders' equity
EUR 683,302.66
Capital
EUR 123,000.00
Subscribed
capital (share capital) EUR 123,000.00
Reserves
EUR 500.00
Retained earnings / revenue reserves EUR 500.00
Balance sheet profit/loss (+/-)
EUR 559,802.66
Balance sheet profit / loss
EUR 559,802.66
Provisions
EUR 661,957.58
Liabilities
EUR 240,067.28
Type
of balance sheet: Company balance sheet
Financial year: 01.01.2012
- 31.12.2012
ASSETS EUR 1,726,757.96
Fixed assets
EUR 24,791.84
Intangible assets
EUR 75.63
Other / unspecified intangible assetsEUR 75.63
Tangible assets
EUR 24,716.21
Other / unspecified tangible assets
EUR 24,716.21
Current assets
EUR 1,680,115.74
Stocks
EUR 296,779.02
Accounts receivable
EUR 1,083,595.43
Other debtors and assets
EUR 1,083,595.43
Liquid means EUR 299,741.29
Remaining other assets
EUR 21,850.38
Accruals (assets)
EUR 2,550.38
Deferred taxes (assets)
EUR 19,300.00
LIABILITIES EUR 1,726,757.96
Shareholders' equity
EUR 609,287.07
Capital
EUR 123,000.00
Subscribed capital (share capital)
EUR 123,000.00
Reserves
EUR 500.00
Retained earnings / revenue reserves EUR 500.00
Balance sheet profit/loss (+/-)
EUR 485,787.07
Profit / loss brought forward
EUR 253,324.73
Annual surplus / annual deficit
EUR 232,462.34
Provisions
EUR 687,167.55
Liabilities
EUR 430,303.34
Other liabilities
EUR 430,303.34
Unspecified other liabilities
EUR 430,303.34
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.20 |
|
|
1 |
Rs.92.93 |
|
Euro |
1 |
Rs.68.03 |
INFORMATION DETAILS
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Analysis Done by
: |
SUB |
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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 |
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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.