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MIRA INFORM REPORT
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Report No. : |
502280 |
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Report Date : |
05.04.2018 |
IDENTIFICATION DETAILS
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Name : |
TSC GMBH |
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Registered Office : |
Alte Waldstr. 9, D 57482 Wenden |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
26.02.2008 |
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Com. Reg. No.: |
HRB 8537 |
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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 ·
Non-specialized wholesale of raw
materials and half-finished and finished goods |
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No. of Employees : |
16 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January
2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Good |
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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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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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 Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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 a large
increase in 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 economic 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. The German Government
introduced a minimum wage in 2015 that increased to $9.79 (8.84 euros) in
January 2017.
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 2017 Germany reached a budget surplus of 0.7%. 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 during 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 largely with renewable energy, which accounted for 29.5%
of gross electricity consumption in 2016, 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. Domestic consumption, investment, and exports are likely to drive
German GDP growth in 2018, and the country’s budget and trade surpluses are
likely to remain high.
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Source
: CIA |
Company name & address
TSC GMBH
Company Status: active
Alte Waldstr. 9
D 57482 Wenden
Telephone:02762/988376-0
Telefax:
02762/988376-3
Homepage: www.tsc-rohre.de
E-mail:
info@tsc-rohre.de
Trade name: Tube
Service Center
VAT
no.: DE814961788
Tax
ID number: 338/5856/3666
CONCLUSION
Business relations are permissible.
LEGAL FORM Private Limited Company
Date of foundation: 26.02.2008
Shareholders'
agreement: 26.02.2008
Registered on: 01.04.2008
Commercial
Register: Local court 57072 Siegen
under: HRB 8537
Share capital: EUR 150,000.00
Shareholder:
Wolf-Rüdiger Otte
Ursulastr. 8
D 45131 Essen
born: 20.10.1943
Share: EUR 78,000.00
Shareholder:
Michael Kastens
Steinstr. 7
D 28199 Bremen
born: 03.11.1968
Share: EUR 30,000.00
Shareholder:
Pia Häuser-Jakumeit
D 57555 Mudersbach
born: 07.09.1974
née: Büdenbender
Share: EUR 30,000.00
Shareholder:
Rüdiger Völkel
Bockenbachstr. 25a
D 57223 Kreuztal
born: 21.10.1961
Share: EUR 12,000.00
Manager:
Michael Kastens
Steinstr. 7
D 28199 Bremen
born: 03.11.1968
Manager:
Pia Häuser-Jakumeit
D 57555 Mudersbach
born: 07.09.1974
née: Büdenbender
Further functions/participations of Michael
Kastens (Manager)
Shareholder:
Cooling & Marine Services
(CMS) GmbH
Sachsenring 11
D 27711
Osterholz-Scharmbeck
Legal form: Private
limited company in
liquidation
Share capital: EUR 50,000.00
Share: EUR 25,000.00
Registered
on: 01.03.2004
Reg. data: 29664 Walsrode, HRB 122269
Liquidator:
Cooling & Marine
Services (CMS) GmbH
Sachsenring 11
D 27711
Osterholz-Scharmbeck
Legal form: Private
limited company in
liquidation
Share capital: EUR 50,000.00
Registered
on: 01.03.2004
Reg. data: 29664 Walsrode, HRB 122269
BUSINESS
ACTIVITIES
Main industrial sector
46721
Wholesale of iron ores, iron, steel and iron and steel semi-finished
goods
46901
Non-specialized wholesale of raw materials and half-finished and
finished goods
BRANCHES
AND FACTORIES
Branch:
TSC GmbH
Sachsenring 11
D 27711
Osterholz-Scharmbeck
Reg. entry: 01.02.2017
FINANCIAL
INFORMATION
Payment experience: No Complaints
Negative information: We have no negative
information at hand.
Balance sheet year: 2016
PMI: No significant / relevant payment
experience
information pertaining to
the company
inquired upon is shown in
the Deutscher
Debitoren Monitor
(DDMonitor).
Events Index:
1
At present, NO events are
known.
The Events Index
indicates if any particular
events have occurred,
such as e.g. a
relocation of registered
office or a change
within management. On the
basis of number,
relevance and
up-to-dateness of the events
an index value ranging
from 1 (no events) to
5 is calculated.
Companies showing a
particularly large number
of events receive
the index 6.
REAL
ESTATE
Type of ownership: Tenant
Address Alte Waldstr. 9
D 57482 Wenden
Land
register documents were not available.
BANKERS
Principal bank
SPARKASSE SIEGEN, 57009 SIEGEN
Sort. code: 46050001
BIC: WELADED1SIE
FINANCIAL
FIGURES
Turnover: 2016 *EUR 5,520,000.00
2017 *EUR 5,520,000.00
Profit: 2016 EUR 52,861.00
further business figures:
Ac/ts receivable: EUR 647,566.00
Liabilities: EUR 723,032.00
Employees:
16
The
business figures marked with an asterisk are estimates based on average values
in the line of business.
BALANCE
SHEETS
Balance sheet ratios 01.01.2016 - 31.12.2016
Equity
ratio [%]: 44.55
Liquidity ratio: 1.06
Return on total capital [%]: 3.71
Balance sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]: 50.63
Liquidity ratio: 1.31
Return on total capital [%]: 1.03
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 47.30
Liquidity ratio: 1.10
Return on total capital [%]: 3.99
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity
ratio [%]: 62.44
Liquidity ratio: 1.86
Return on total capital [%]: 6.61
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: 01.01.2016 - 31.12.2016
ASSETS EUR 1,424,097.18
Fixed assets
EUR 22,286.00
Intangible assets
EUR 396.00
Tangible assets
EUR 21,890.00
Current assets
EUR 1,400,174.38
Stocks
EUR 640,929.39
Accounts receivable
EUR 647,565.97
Liquid means
EUR 111,679.02
Remaining other assets
EUR 1,636.80
Accruals (assets)
EUR 1,636.80
LIABILITIES EUR 1,424,097.18
Shareholders' equity
EUR 634,604.68
Capital
EUR 150,000.00
Subscribed capital (share capital)
EUR 150,000.00
Reserves
EUR 48,212.00
Retained earnings / revenue reserves EUR 48,212.00
Balance sheet profit/loss (+/-)
EUR 436,392.68
Profit / loss brought forward
EUR 383,531.83
Annual surplus / annual deficit
EUR 52,860.85
Provisions EUR 64,391.00
Liabilities
EUR 723,031.72
Other liabilities
EUR 2,069.78
Deferrals (liabilities)
EUR 2,069.78
Type
of balance
sheet: Company balance sheet
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2015 - 31.12.2015
ASSETS EUR 1,148,466.64
Fixed assets EUR 20,954.00
Intangible assets
EUR 889.00
Tangible assets
EUR 20,065.00
Current assets
EUR 1,125,875.84
Stocks EUR 506,109.82
Accounts receivable
EUR 355,249.31
Liquid means
EUR 264,516.71
Remaining other assets
EUR 1,636.80
Accruals (assets)
EUR 1,636.80
LIABILITIES EUR 1,148,466.64
Shareholders' equity
EUR 581,743.83
Capital
EUR 150,000.00
Subscribed capital (share capital)
EUR 150,000.00
Reserves
EUR 47,028.00
Retained earnings / revenue reserves EUR 47,028.00
Balance sheet profit/loss (+/-)
EUR 384,715.83
Profit / loss brought forward
EUR 372,871.01
Annual surplus / annual deficit
EUR 11,844.82
Provisions
EUR 26,880.00
Liabilities EUR 535,745.03
Other liabilities
EUR 4,097.78
Deferrals (liabilities)
EUR 4,097.78
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.02 |
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1 |
INR 91.49 |
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Euro |
1 |
INR 79.79 |
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EUR |
1 |
INR 79.68 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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VIV |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.