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Report No. : |
305074.2 |
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Report Date : |
06.10.2015 |
IDENTIFICATION DETAILS
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Name : |
STARO STAHLROHRHANDELSGESELLSCHAFT
MIT BESCHRÄNKTER HAFTUNG |
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|
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Registered Office : |
Horster
Landstr. 81, D 21220 Seevetal |
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Country : |
Germany |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
12.12.2012 |
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Legal Form : |
Private limited company |
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Line of Business : |
Subject is engaged In wholesale of iron ores, iron, steel and iron and steel semi- finished goods |
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No. of Employee : |
10 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 5.2% 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 |
STARO STAHLROHRHANDELSGESELLSCHAFT MIT
BESCHRÄNKTER HAFTUNG
Company Status: active
Horster Landstr. 81
D 21220 Seevetal
Telephone:05149/987610
Telefax:
05149/9876121
Homepage: www.staro-gmbh.de
E-mail:
info@staro-gmbh.de
VAT
no.: DE287258253
Tax
ID number: 50/200/13257
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 12.12.2012
Shareholders'
agreement: 12.12.2012
Registered on: 15.02.2013
Commercial Register: Local court 21335 Lüneburg
under: HRB
204208
EUR
25,000.00
Andreas Dahlke
Schmiedekamp 38
D 29358 Eicklingen
born: 20.01.1960
Share: EUR 12,500.00
Shareholder:
Clemens Dahlke
Kefersteinstr. 1
D 21335 Lüneburg
born: 08.03.1964
Share: EUR 12,500.00
Clemens Dahlke
Kefersteinstr. 1
D 21335 Lüneburg
having sole power of
representation
born: 08.03.1964
Profession: master
heating and
ventilationengineer
Marital status: married
Further functions/participations of Clemens
Dahlke (Manager)
Shareholder:
H L S Dahlke GmbH
Horster Landstr. 81
D 21220 Seevetal
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 24,375.00
Registered
on: 22.05.2012
Reg. data: 21335
Lüneburg, HRB 203793
Manager:
H L S Dahlke GmbH
Horster Landstr. 81
D 21220 Seevetal
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 22.05.2012
Reg. data: 21335
Lüneburg, HRB 203793
Main industrial sector
46721
Wholesale of iron ores, iron, steel and iron and steel semi- finished
goods
Works:
StaRo Stahlrohrhandelsgesellschaft mit
beschränkter Haftung.
Schmiedekamp 38
D 29358 Eicklingen
TEL.: 05149/98761-0
FAX.: 05149/98761-21
Works:
StaRo
Stahlrohrhandelsgesellschaft mit
beschränkter Haftung.
Lissaboner Str. 8
D 47229 Duisburg
Branch:
StaRo Stahlrohrhandelsgesellschaft
mit
beschränkter Haftung.
Bramfelder Chaussee 282
D 22177 Hamburg
TEL.: 040/30202060
FAX.: 040/302020620
Payment experience: within periods customary in this trade
Negative information:We have no negative
information at hand.
PMI: No significant / relevant payment experience
information pertaining to the company
inquired upon is shown in the Deutscher
Debitoren Monitor (DDMonitor).
Balance sheet year: 2014
Type of ownership: Tenant
Address Horster
Landstr. 81
D 21220 Seevetal
Land register documents were not available.
SPARKASSE HARBURG-BUXTEHUDE, 21045 HAMBURG
Sort. code: 20750000
BIC: NOLADE21HAM
Turnover: 2014 EUR 10,000,000.00
Profit: 2014 EUR 92,640.00
Ac/ts receivable: EUR
877,591.00
Liabilities: EUR 1,955,293.00
Employees: 10
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 6.34
Liquidity ratio: 0.45
Return on total capital [%]: 4.31
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 9.06
Liquidity ratio: 0.56
Return on total capital [%]: 5.57
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
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2014 - 31.12.2014
ASSETS EUR 2,166,972.95
Fixed assets
EUR 94,369.00
Intangible assets
EUR 4,555.00
Tangible assets EUR 89,814.00
Current assets
EUR 2,066,861.17
Stocks
EUR 1,160,394.75
Accounts receivable
EUR 877,591.11
Liquid means EUR 28,875.31
Remaining other assets
EUR 5,742.78
Accruals (assets)
EUR 5,742.78
LIABILITIES EUR 2,166,972.95
Shareholders'
equity EUR 154,698.60
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR 129,698.60
Balance sheet profit / loss
EUR 129,698.60
Provisions
EUR 56,981.56
Liabilities
EUR 1,955,292.79
Type
of balance
sheet: Company balance sheet
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2013 - 31.12.2013
ASSETS EUR 684,802.37
Fixed assets
EUR 3,112.00
Tangible assets
EUR 3,112.00
Current assets
EUR 681,208.87
Stocks
EUR 336,850.00
Accounts receivable EUR 330,139.10
Liquid means
EUR 14,219.77
Remaining other assets
EUR 481.50
Accruals (assets)
EUR 481.50
LIABILITIES EUR 684,802.37
Shareholders' equity
EUR 62,058.83
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
thereof not yet paid-up capital
EUR 25,000.00
thereof called
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR 37,058.83
Profit / loss brought forward
EUR -1,063.00
Annual surplus / annual deficit
EUR 38,121.83
Provisions
EUR 16,126.84
Liabilities
EUR 606,616.70
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.29 |
|
|
1 |
Rs.99.31 |
|
Euro |
1 |
Rs.54.39 |
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
ASH |
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.