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Report No. : |
320459 |
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Report Date : |
06.05.2015 |
IDENTIFICATION DETAILS
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Name : |
DSD NOELL GMBH |
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Registered Office : |
Alfred-Nobel-Str. 20 D 97080 Würzburg |
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Country : |
Germany |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
27.10.2004 |
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Com. Reg. No.: |
HRB 8614 |
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Legal Form : |
Private limited company |
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Line of Business : |
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No. of Employee : |
67 |
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 |
|
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 |
DSD
NOELL GMBH
Company Status: active
Alfred-Nobel-Str. 20
D 97080 Würzburg
Telephone:0931/9031215
Telefax: 0931/9031009
Homepage: www.dsd-noell.com
E-mail: sales@dsd-noell.com
VAT no.: DE239422990
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 27.10.2004
Shareholders'
agreement: 27.10.2004
Registered on: 06.12.2004
Commercial Register: Local court
97070 Würzburg
under: HRB 8614
EUR
2,000,000.00
Shareholder:
DSD Steel Group GmbH
Henry-Ford-Str. 110
D 66740 Saarlouis
Legal form: Private
limited company
Share capital: EUR 20,000,000.00
Share: EUR 2,000,000.00
Registered on: 09.06.2005
Reg. data: 66121
Saarbrücken, HRB 15114
Manager:
Manfred Singer
D 97070 Würzburg
born: 23.06.1955
Proxy:
Robert Schramm
D 97209 Veitshöchheim
authorized to jointly
represent the company
born: 10.11.1951
Proxy:
Nadine Pikolleck
D 97297 Waldbüttelbrunn
authorized to jointly
represent the company
born: 02.01.1975
15.07.2005
- 22.01.2015 Manager
Uwe Trenkmann
D 97261 Güntersleben
Main industrial sector
25910
Manufacture of metal drums and similar containers
28910
Manufacture of machinery for metallurgy
71122
Engineering activities in the field of technical sectoral
planning andengineering design
Branch:
DSD NOELL GmbH
Henry-Ford-Str. 110
D 66740 Saarlouis
Payment experience: within periods customary in this trade
Negative information:We have no negative
information at hand.
Balance sheet year: 2013
Type of ownership: Tenant
Address
Alfred-Nobel-Str. 20
D 97080 Würzburg
Type of ownership: Tenant
Address Henry-Ford-Str. 110
D 66740 Saarlouis
Real Estate of: DSD Steel Group GmbH
Type of ownership: Tenant
Address Henry-Ford-Str. 110
D 66740 Saarlouis
Land register documents were not available.
COMMERZBANK, 66005 SAARBRÜCKEN
Sort. code: 59040000
BIC: COBADEFFXXX
LANDESBANK SAAR, 66104 SAARBRÜCKEN
Sort.
code: 59050000
BIC: SALADE55XXX
Gross profit or loss:2013 EUR 10,198,534.00
Profit: 2013 EUR 874,856.00
Employees:
67
-
thereof permanent staff: 67
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 36.16
Liquidity ratio: 10.00
Return on total capital [%]: 3.02
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 36.74
Liquidity ratio: 10.00
Return on total capital [%]: 3.47
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 32.64
Liquidity ratio: 10.00
Return on total capital [%]: 5.58
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 33.21
Liquidity ratio: 10.00
Return on total capital [%]: 6.83
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 29,072,372.84
Fixed assets
EUR 650,025.00
Intangible assets
EUR 228,556.00
Tangible assets EUR 206,468.00
Financial assets
EUR 215,001.00
Other / unspecified financial assets EUR 215,001.00
Current assets
EUR 27,947,314.91
Accounts receivable
EUR 2,527,943.74
Liquid means
EUR 25,419,371.17
Remaining other assets
EUR 475,032.93
Accruals (assets)
EUR 475,032.93
LIABILITIES EUR 29,072,372.84
Shareholders' equity
EUR 10,387,421.71
Capital
EUR 2,000,000.00
Subscribed capital (share capital)
EUR 2,000,000.00
Reserves
EUR 94,696.00
Capital reserves
EUR 75,000.00
Retained earnings / revenue reserves EUR 19,696.00
Balance sheet profit/loss (+/-)
EUR 8,292,725.71
Balance sheet profit / loss
EUR 8,292,725.71
Provisions
EUR 1,749,845.95
Liabilities
EUR 16,890,728.18
Other liabilities EUR 44,377.00
Deferrals (liabilities)
EUR 44,377.00
PROFIT AND
LOSS ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Gross result (+/-)
EUR 10,198,533.53
Staff
expenses EUR 4,433,264.77
Total depreciation
EUR 194,561.52
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 194,561.52
Other operating expenses
EUR 3,782,747.07
Operating result from continuing
operations
EUR 1,787,960.17
Interest result (+/-)
EUR -302,367.88
Interest and similar income
EUR 496,177.33
thereof from related companies
EUR 7,875.92
Interest and similar expenses
EUR 798,545.21
Other financial result
EUR -115,000.00
Depreciation on financial assets and
marketable securities
EUR 115,000.00
Financial result (+/-)
EUR -417,367.88
Result from ordinary operations (+/-)
EUR 1,370,592.29
Income tax / refund of income tax (+/-)EUR -492,710.59
Other taxes / refund of taxes
EUR -3,026.00
Tax (+/-)
EUR -495,736.59
Annual surplus / annual deficit
EUR 874,855.70
Type of
balance
sheet: Company balance sheet
Financial
year: 01.01.2012 - 31.12.2012
ASSETS EUR 26,353,110.54
Fixed assets
EUR 734,950.00
Intangible assets
EUR 202,370.00
Tangible assets
EUR 202,579.00
Financial assets
EUR 330,001.00
Other / unspecified financial assets EUR 330,001.00
Current assets
EUR 25,386,565.00
Accounts receivable
EUR 3,094,899.32
Liquid means
EUR 22,291,665.68
Remaining other assets
EUR 231,595.54
Accruals (assets)
EUR 231,595.54
LIABILITIES EUR 26,353,110.54
Shareholders' equity
EUR 9,512,566.01
Capital EUR 2,000,000.00
Subscribed capital (share capital)
EUR 2,000,000.00
Reserves
EUR 94,696.00
Capital reserves
EUR 75,000.00
Retained earnings / revenue reserves EUR 19,696.00
Balance sheet profit/loss (+/-)
EUR 7,417,870.01
Balance sheet profit / loss
EUR 7,417,870.01
Provisions
EUR 3,295,600.65
Liabilities
EUR 13,486,696.88
Other liabilities
EUR 58,247.00
Deferrals (liabilities)
EUR 58,247.00
PROFIT AND
LOSS ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Gross result (+/-)
EUR 10,463,604.49
Staff expenses
EUR 4,629,688.61
Total depreciation
EUR 167,561.19
Depreciation
on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 167,561.19
Other operating expenses
EUR 3,678,920.91
Operating result from continuing
operations
EUR 1,987,433.78
Interest result (+/-)
EUR -674,758.08
Interest and similar income
EUR 73,934.05
thereof from related companies
EUR 3,085.13
Interest and similar expenses
EUR 748,692.13
Financial result (+/-)
EUR -674,758.08
Result from ordinary operations (+/-)
EUR 1,312,675.70
Income tax / refund of income tax (+/-)EUR -356,653.84
Other taxes / refund of taxes
EUR -45,692.49
Tax (+/-)
EUR -402,346.33
Annual surplus / annual deficit
EUR 910,329.37
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.52 |
|
|
1 |
Rs.95.96 |
|
Euro |
1 |
Rs.70.54 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.