|
Report No. : |
340555 |
|
Report Date : |
16.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
COOLING & MARINE SERVICES (CMS) GMBH |
|
|
|
|
Registered Office : |
Sachsenring 11, D 27711
Osterholz-Scharmbeck |
|
|
|
|
Country : |
Germany |
|
|
|
|
Date of Incorporation : |
17.02.2004 |
|
|
|
|
Com. Reg. No.: |
HRB 122269 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Wholesale of iron ores, iron, steel
and iron and steel semi-finished
goods. |
|
|
|
|
No. of Employees : |
9 |
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 |
|
Payment Behaviour : |
Unknown |
|
Litigation : |
-- |
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 |
|
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, 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 |
COOLING & MARINE SERVICES (CMS) GMBH
Company Status: active
Sachsenring 11
D 27711 Osterholz-Scharmbeck
Telephone:04795/9571081
Telefax:
04795/9574022
Homepage: www.coolingmarineservices.de
E-mail: m.kastens@coolingmarineservices.com
VAT
no.: DE813916253
Tax
ID number: 36/207/03304
Business
relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 17.02.2004
Shareholders'
agreement: 17.02.2004
Registered on: 01.03.2004
Commercial Register: Local court 29664
Walsrode
under:
HRB 122269
Share capital: EUR 50,000.00
Shareholder:
Michael Kastens
Steinstr. 7
D 28199 Bremen
born: 03.11.1968
Share: EUR 25,000.00
Shareholder:
Torsten Holz
Holzgräfenweg 21
D 28757 Bremen
born: 22.01.1971
Share: EUR 25,000.00
Manager:
Michael Kastens
Steinstr. 7
D 28199 Bremen
having sole power of
representation
born: 03.11.1968
Manager:
Torsten Holz
Holzgräfenweg 21
D 28757 Bremen
having sole power of
representation
born: 22.01.1971
Main industrial sector
46721
Wholesale of iron ores, iron, steel and iron and steel semi-finished
goods
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Type of ownership: Tenant
Address Sachsenring 11
D 27711
Osterholz-Scharmbeck
Land register documents were not available.
Principal bank
VOLKSBANK, 27704 OSTERHOLZ-SCHARMBECK
Sort. code: 29162394
BIC: GENODEF1OHZ
Further
bank
COMMERZBANK, 28079 BREMEN
Sort. code: 29040090
BIC: COBADEFFXXX
Turnover: 2013 EUR 8,868,000.00
2014 EUR 7,000,000.00
further business figures:
Share capital: EUR 50,000.00
Equipment: EUR 17,500.00
Ac/ts receivable: *EUR 314,500.00
Liabilities: *EUR 365,500.00
Employees:
9
-
Part-time employees: 1
The
business figures marked with an asterisk are estimates based on average values
in the line of business.
Inconsistent balance sheets:
Financial Year Published On
01.01.2013 - 31.12.2013 04.03.2015
01.01.2012 - 31.12.2012 13.01.2014
01.01.2011 - 31.12.2011 07.06.2013
01.01.2010 - 31.12.2010 18.04.2012
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.44 |
|
|
1 |
Rs.102.41 |
|
Euro |
1 |
Rs.75.05 |
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
TPT |
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.