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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

501742

Report Date :

07.04.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

STAPPERT DEUTSCHLAND GMBH

 

 

Registered Office :

Willstätterstr. 13 D 40549 Düsseldorf Post Box: 11 11 31, D 40511 Düsseldorf

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2016

 

 

Date of Incorporation :

11.10.1922

 

 

Com. Reg. No.:

HRB 20

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

·         Wholesale of iron ores, iron, steel and iron and steel semi-finished goods

·         Wholesale of non-ferrous ores, metals and metal semi-finished goods

 

 

No. of Employees :

298

 

 

 

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

A+

 

Credit Rating

Explanation

Rating Comments

A+

Low Risk

Business dealings permissible with low risk of default

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

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

 

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

Germany

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

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.

 

Source : CIA

 


Company name and address

 

Stappert Deutschland GmbH

 

Company Status:            active

                                     Willstätterstr. 13

                                    D 40549 Düsseldorf

                                    Post Box:

                                    11 11 31, D 40511 Düsseldorf

                                    Telephone:0211/5279-0

                                    Telefax:  0211/5279-177

                                    Homepage: www.stappert.biz/deutschland

                                    E-mail:   deutschland@stappert.biz

                       

VAT no.            :             DE119268333

 

LEGAL FORM               Private limited company

Registered on   :            11.10.1922

Commercial Register     : Local court 40227 Düsseldorf

under:                            HRB 20

 

Share capital:                          EUR          8,871,000.00

 

Shareholder:

                     Jacquet Metal Service SA

                     F - Saint-Priest

                     Legal form: Other legal form

                     Share:             EUR          8,871,000.00

Manager:

                     Peter Kolz

                     D 40880 Ratingen

                     authorized to jointly represent the company

                     born: 24.04.1963

                     Profession: Businessman

Manager:

                     Thomas Cramer

                     D 40667 Meerbusch

                     born: 10.03.1967

Manager:

                     Sarah Vaison de Fontaube

                     F  Lyon

                     born: 08.10.1975

                     Nationality: French

Proxy:

                     Ralf Joachim Becker

                     Terhardthof 83

                     D 46539 Dinslaken

                     authorized to jointly represent the company

                     born: 30.09.1966

                     Profession: Businessman

                     Marital status: unknown

Proxy:

                     Roland Flach

                     D 40789 Monheim

                     authorized to jointly represent the company

                     born: 15.11.1960

Proxy:

                     Dipl.-Betriebswirt Louis-Patrice Ntivyihabwa

                     Neckarstr. 17

                     D 40219 Düsseldorf

                     born: 18.10.1962

Proxy:

                     Marc Brucherseifer

                     D 04029 Leipzig

                     authorized to jointly represent the company

                     born: 23.02.1976

Proxy:

                     Colin Hesse

                     D 30159 Hannover

                     authorized to jointly represent the company

                     born: 19.10.1973

Proxy:

                     Dirk Fälber

                     D 36280 Oberaula

                     authorized to jointly represent the company

                     born: 02.06.1968

Proxy:

                     Reinhold Berger

                     D 59368 Werne

                     authorized to jointly represent the company

                     born: 11.04.1964

Proxy:

                     Roman Meier

                     D 68159 Mannheim

                     authorized to jointly represent the company

                     born: 18.06.1970

Proxy:

                     Bettina Baer

                     D 20095 Hamburg

                     authorized to jointly represent the company

                     born: 12.12.1963

Proxy:

                     Christian Hartema

                     D 56479 Willingen

                     authorized to jointly represent the company

                     born: 26.12.1965

Proxy:

                     Benjamin Traud

                     D 68159 Mannheim

                     authorized to jointly represent the company

                     born: 16.06.1984

 

 

Further functions/participations of Peter Kolz (Manager)

 

Manager:

                     FINKENHOLL STAHL SERVICE CENTER GmbH

                     Bahnstr. 38

                     D 44793 Bochum

                     Legal form: Private limited company

                     Share capital:     EUR          1,320,000.00

                     Registered

                     on:         28.04.1959

                     Reg. data:  44787 Bochum, HRB 146

Manager:

                     Stappert Services GmbH

                     Willstätterstr. 13

                     D 40549 Düsseldorf

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         20.01.2016

                     Reg. data:  40227 Düsseldorf, HRB 76734

Manager:

                     IMS group Holding Deutschland GmbH

                     Willstätterstr. 13

                     D 40549 Düsseldorf

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         12.07.2013

                     Reg. data:  40227 Düsseldorf, HRB 70611

Manager:

                     Betonstahl Bochum GmbH

                     Bahnstr. 38

                     D 44793 Bochum

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         14.02.2014

                     Reg. data:  44787 Bochum, HRB 14833

Manager:

                     Quarto Deutschland GmbH

                     Willstätterstr. 13

                     D 40549 Düsseldorf

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         06.02.2014

                     Reg. data:  40227 Düsseldorf, HRB 71962

Manager:

                     Jacquet Metal Service GmbH

                     Willstätterstr. 13

                     D 40549 Düsseldorf

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         29.12.2017

                     Reg. data:  40227 Düsseldorf, HRB 82354

Proxy:

                     Jacquet Berlin GmbH

                     Willstätterstr. 13

                     D 40549 Düsseldorf

                     Legal form: Private limited company

                     Share capital:     EUR            112,500.00

                     Registered

                     on:         05.04.2018

                     Reg. data:  40227 Düsseldorf, HRB 83154

Proxy:

                     JACQUET Deutschland GmbH

                     Bahnstr. 38

                     D 44793 Bochum

                     Legal form: Private limited company

                     Share capital:     EUR             26,000.00

                     Registered

                     on:         12.11.2013

                     Reg. data:  44787 Bochum, HRB 14692

 

 

COMPANY HISTORY

 

company name and legal form

11.10.1922 - 01.10.2012  Stappert Spezial-Stahl Handel GmbH

                         Willstätterstr. 13

                         D 40549 Düsseldorf

                         Private limited company

 

 

RESIGNED ACTING PERSONS AND SHAREHOLDERS

 

20.01.2015 - 05.02.2018  Manager

                         Bernhard Foterek

                         D 58452 Witten

09.11.2015 - 09.01.2018  Manager

                         Marc Steffen

                         D 40472 Ratingen

20.01.2015 - 27.01.2016  Manager

                         Wolfgang Hartmann

                         D 40667 Meerbusch

20.01.2015 - 05.11.2015  Manager

                         Eric Michel Jacquet

                         F Saint Priest

04.11.2010 - 05.11.2015  Manager

                         Thierry Robert Arthur Philippe

                         F Lyon

 

 

BUSINESS ACTIVITIES

 

Main industrial sector

46721   Wholesale of iron ores, iron, steel and iron and steel

semi-finished goods

46722   Wholesale of non-ferrous ores, metals and metal

semi-finished goods

 

 

BRANCHES AND FACTORIES

 

Branch:

                     Stappert Deutschland GmbH

                     Edisonstr. 19

                     D 59199 Bönen

                     TEL.: 02383/9570

                     FAX.: 02383/957010

                     Reg. entry: 21.12.2004

Branch:

                     Stappert Deutschland GmbH

                     Landsberger Allee 366

                     D 12681 Berlin

                     TEL.: 030/428403-0

Branch:

                     Stappert Deutschland GmbH

                     Josef-Beyerle-Str. 13

                     D 71263 Weil der Stadt

                     TEL.: 07033/5282-0

                     FAX.: 07033/4713

                     Reg. entry: 18.06.1993

Branch:

                     Stappert Deutschland GmbH

                     Paul-Gerhardt-Allee 48

                     D 81245 München

                     TEL.: 089/82917-0

                     FAX.: 089/82917-200

Branch:

                     Stappert Deutschland GmbH

                     Hugo-Aurig-Str. 7d

                     D 04319 Leipzig

                     TEL.: 0341/65972-0

Branch:

                     Stappert Deutschland GmbH

                     Industriestr. 9

                     D 36272 Niederaula

                     TEL.: 06625-100-0

                     Reg. entry: 22.09.1994

Branch:

                     Stappert Deutschland GmbH

                     Am Plärrer 27

                     D 90443 Nürnberg

                     TEL.: 0911/393626-0

Branch:

                     Stappert Deutschland GmbH

                     An der Strusbek 54

                     D 22926 Ahrensburg

                     TEL.: 04102/474110

                     FAX.: 04102/474122

                     Reg. entry: 11.10.1922

Branch:

                     Stappert Deutschland GmbH

                     Mitscherlichstr. 9

                     D 79108 Freiburg

                     TEL.: 0761/55965-0

Branch:

                     Stappert Deutschland GmbH

                     Karl-Wiechert-Allee 76

                     D 30625 Hannover

                     TEL.: 0511/54097-0

Branch:

                     Stappert Deutschland GmbH

                     Donaustr. 64-66

                     D 68199 Mannheim

                     TEL.: 0621/84216-0

Branch:

                     Stappert Deutschland GmbH

                     Ronsdorfer Str. 24

                     D 40233 Düsseldorf

                     TEL.: 0211/99550-0

Branch:

                     Stappert Deutschland GmbH

                     Wilhelmstr. 22

                     D 89073 Ulm

                     TEL.: 0731/140129-0

 

 

PARTICIPATIONS

 

Shareholder:

                     Stappert Services GmbH

                     Willstätterstr. 13

                     D 40549 Düsseldorf

                     Legal form: Private limited company

                     Company Status: active

                     Share capital:     EUR             25,000.00

                     Share:             EUR             25,000.00

                     Reg. data:  20.01.2016

                                 Local court 40227 Düsseldorf

                                 HRB 76734

 

 

FINANCIAL INFORMATION

 

Payment experience:  Regular

 

Negative information: We have no negative information at hand.

 

                     The maximum credit is our recommendation for

                     the maximum credit limit for the inquired

                     company.

 

Balance sheet grade: 1.9     The balance sheet grade ranges from

                             1.0 to 5.0.  It is based on the

                             following ratios: equity ratio,

                             liquidity ratio and return on total

                             capital from the balance sheets

                             published in the Federal Gazette.

                             The balance sheet grade forms part

                             of the Solvency Rating[NG].

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).

 

 

REAL ESTATE

 

Type of ownership:   Tenant

Address              Willstätterstr. 13

                     D 40549 Düsseldorf

 

Land register documents were not available.

 

 

BANKERS

 

Principal banks

BANKHAUS LAMPE, 40005 DÜSSELDORF

Sort. code: 48020151, Account no.: 1512196

BIC: LAMPDEDDXXX, IBAN: DE43480201510001512196

DEUTSCHE BANK, 40189 DÜSSELDORF

Sort. code: 30070010, Account no.: 3635000

BIC: DEUTDEDDXXX, IBAN: DE59300700100363500000

UNICREDIT BANK - HYPOVEREINSBANK, 40212 DÜSSELDORF

Sort. code: 30220190, Account no.: 364055544

BIC: HYVEDEMM414, IBAN: DE30302201900364055544

 

 

FINANCIAL FIGURES

 

Turnover:            2016               EUR        219,363,043.00

Profit:              2016               EUR          8,909,359.00

Equipment:                              EUR          1,973,592.00

Ac/ts receivable:                       EUR         17,787,107.00

Liabilities:                            EUR         43,364,233.00

Employees:                                                    298

 

 

BALANCE SHEETS

 

Balance sheet ratios 01.01.2016 - 31.12.2016

Equity ratio [%]:                 60.41

Liquidity ratio:                   0.42

Return on total capital [%]:       6.57

 

Balance sheet ratios 01.01.2015 - 31.12.2015

Equity ratio [%]:                 60.87

Liquidity ratio:                   0.45

Return on total capital [%]:       4.38

 

Balance sheet ratios 01.01.2014 - 31.12.2014

Equity ratio [%]:                 63.68

Liquidity ratio:                   0.59

Return on total capital [%]:       8.79

 

Balance sheet ratios 01.01.2013 - 31.12.2013

Equity ratio [%]:                 62.10

Liquidity ratio:                   0.60

Return on total capital [%]:       2.68

 

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.

 

Balance sheet grade

The balance sheet grade is based on the following ratios: equity

ratio, liquidity ratio and return on total capital from the

balance sheets published in the Federal Gazette. It is calculated

in accordance with the methodology of Euler Hermes. It ranges

from 1.0 (positive) to 5.0 (negative).

 

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        135,561,981.64

 Fixed assets                           EUR         56,752,146.20

  Intangible assets                     EUR              8,208.00

   Concessions, licences, rights        EUR              8,206.00

   Goodwill                             EUR                  2.00

  Tangible assets                       EUR          5,496,906.54

   Land / similar rights                EUR          3,482,073.04

   Other tangible assets / fixtures and

   fittings                             EUR          1,973,592.00

   Advance payments made / construction

   in progress                          EUR             41,241.50

  Financial assets                      EUR         51,247,031.66

   Shares in participations /

   subsidiaries and the like            EUR         51,247,031.66

    Shares in related companies         EUR         51,247,031.66

 Current assets                         EUR         78,793,933.92

  Stocks                                EUR         60,852,895.67

   Raw materials, consumables and

   supplies                             EUR            264,095.12

   Finished goods / work in progress    EUR         58,315,946.97

   Advance payments made                EUR          2,272,853.58

  Accounts receivable                   EUR         17,787,107.46

   Trade debtors                        EUR          6,521,621.57

   Amounts due from related companies   EUR          7,485,361.93

   Other debtors and assets             EUR          3,780,123.96

  Liquid means                          EUR            153,930.79

 Remaining other assets                 EUR             15,901.52

  Accruals (assets)                     EUR             15,901.52

 

LIABILITIES                             EUR        135,561,981.64

 Shareholders' equity                   EUR         80,854,111.50

  Capital                               EUR          8,871,000.00

   Subscribed capital (share capital)   EUR          8,871,000.00

  Balance sheet profit/loss (+/-)       EUR         71,983,111.50

   Profit / loss brought forward        EUR         63,073,752.20

   Annual surplus / annual deficit      EUR          8,909,359.30

 Provisions                             EUR         11,343,637.60

  Pension provisions and comparable

  provisions                            EUR          5,866,040.07

  Provisions for taxes                  EUR          1,072,307.00

  Other / unspecified provisions        EUR          4,405,290.53

 Liabilities                            EUR         43,364,232.54

  Financial debts                       EUR         22,340,084.62

   Liabilities due to banks             EUR         22,340,084.62

  Other liabilities                     EUR         21,024,147.92

   Trade creditors (for IAS incl. bills

   of exchange)                         EUR         19,226,427.56

   Liabilities from received advance

   payments                             EUR            114,810.79

   Liabililties due to related companiesEUR          1,204,079.16

   Unspecified other liabilities        EUR            478,830.41

    thereof liabilities from tax /

    financial authorities               EUR            182,694.69

    thereof liabilities from social

    security                            EUR              3,388.47

 

PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.

Code (HGB)

 Sales                                  EUR        219,363,042.64

 Other operating income                 EUR            968,167.15

 Cost of materials                      EUR        167,210,363.07

  Raw materials and supplies, purchased

  goods                                 EUR        166,504,131.94

  Purchased services                    EUR            706,231.13

 Gross result (+/-)                     EUR         53,120,846.72

 Staff expenses                         EUR         18,704,920.44

  Wages and salaries                    EUR         15,801,132.33

  Social security contributions and

  expenses for pension plans and

  benefits                              EUR          2,903,788.11

 Total depreciation                     EUR          2,689,418.64

  Depreciation on tangible / intangible

  asssets (incl. start-up and exp. of

  bus.                                  EUR            579,418.64

  Depreciation on current assets (+/-)  EUR          2,110,000.00

 Other operating expenses               EUR         21,132,860.23

 Operating result from continuing

 operations                             EUR         10,593,647.41

 Result from participating interests

 (+/-)                                  EUR          4,297,206.70

  Expenses / income from participations EUR          4,297,206.70

   Income from related companies        EUR          4,297,206.70

 Interest result (+/-)                  EUR           -788,525.76

  Interest and similar income           EUR            188,345.78

   thereof from related companies       EUR            155,918.80

  Interest and similar expenses         EUR            976,871.54

 Other financial result                 EUR         -1,500,000.00

  Depreciation on financial assets and

  marketable securities                 EUR          1,500,000.00

 Financial result (+/-)                 EUR          2,008,680.94

 Result from ordinary operations (+/-)  EUR         12,602,328.35

 Income tax / refund of income tax (+/-)EUR         -3,623,874.94

 Other taxes / refund of taxes          EUR            -69,094.11

 Tax (+/-)                              EUR         -3,692,969.05

 Annual surplus / annual deficit        EUR          8,909,359.30

 

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        130,727,036.01

 Fixed assets                           EUR         58,183,385.17

  Intangible assets                     EUR             16,576.00

   Concessions, licences, rights        EUR             16,574.00

   Goodwill                             EUR                  2.00

  Tangible assets                       EUR          5,447,790.16

   Land / similar rights                EUR          3,614,982.04

   Other tangible assets / fixtures and

   fittings                             EUR          1,832,808.12

  Financial assets                      EUR         52,719,019.01

   Shares in participations /

   subsidiaries and the like            EUR         52,719,019.01

    Shares in related companies         EUR         52,719,019.01

 Current assets                         EUR         72,507,663.48

  Stocks                                EUR         54,227,651.62

   Raw materials, consumables and

   supplies                             EUR            312,561.42

   Finished goods / work in progress    EUR         52,484,379.57

   Advance payments made                EUR          1,430,710.63

  Accounts receivable                   EUR         18,069,604.00

   Trade debtors                        EUR          5,397,442.46

   Amounts due from related companies   EUR         10,818,455.05

   Other debtors and assets             EUR          1,853,706.49

  Liquid means                          EUR            210,407.86

 Remaining other assets                 EUR             35,987.36

  Accruals (assets)                     EUR             35,987.36

 

LIABILITIES                             EUR        130,727,036.01

 Shareholders' equity                   EUR         78,983,752.20

  Capital                               EUR          8,871,000.00

   Subscribed capital (share capital)   EUR          8,871,000.00

  Balance sheet profit/loss (+/-)       EUR         70,112,752.20

   Profit / loss brought forward        EUR         64,381,001.45

   Annual surplus / annual deficit      EUR          5,731,750.75

 Provisions                             EUR         10,639,485.85

  Pension provisions and comparable

  provisions                            EUR          6,321,796.86

  Provisions for taxes                  EUR            847,437.82

  Other / unspecified provisions        EUR          3,470,251.17

 Liabilities                            EUR         41,103,797.96

  Financial debts                       EUR         16,429,763.25

   Liabilities due to banks             EUR         16,429,763.25

  Other liabilities                     EUR         24,674,034.71

   Trade creditors (for IAS incl. bills

   of exchange)                         EUR         22,148,064.47

   Liabilities from received advance

   payments                             EUR             99,826.98

   Liabililties due to related companiesEUR            914,070.62

   Unspecified other liabilities        EUR          1,512,072.64

    thereof liabilities from tax /

    financial authorities               EUR            633,902.55

    thereof liabilities from social

    security                            EUR              7,208.58

 Guarantees and other commitments       EUR          2,811,000.00

  Letters of support                    EUR          2,811,000.00

 

PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.

Code (HGB)

 Sales                                  EUR        233,206,388.90

 Other operating income                 EUR          4,573,189.98

 Cost of materials                      EUR        190,771,692.29

  Raw materials and supplies, purchased

  goods                                 EUR        190,771,692.29

 Gross result (+/-)                     EUR         47,007,886.59

 Staff expenses                         EUR         19,156,591.02

  Wages and salaries                    EUR         15,494,599.97

  Social security contributions and

  expenses for pension plans and

  benefits                              EUR          3,661,991.05

 Total depreciation                     EUR            519,051.71

  Depreciation on tangible / intangible

  asssets (incl. start-up and exp. of

  bus.                                  EUR            519,051.71

 Other operating expenses               EUR         22,288,270.51

 Operating result from continuing

 operations                             EUR          5,043,973.35

 Result from participating interests

 (+/-)                                  EUR          2,979,880.62

  Expenses / income from participations EUR          2,979,880.62

   Income from related companies        EUR          2,979,880.62

 Interest result (+/-)                  EUR           -762,452.26

  Interest and similar income           EUR            422,062.79

   thereof from related companies       EUR            191,247.61

  Interest and similar expenses         EUR          1,184,515.05

 Financial result (+/-)                 EUR          2,217,428.36

 Result from ordinary operations (+/-)  EUR          7,261,401.71

 Income tax / refund of income tax (+/-)EUR         -1,463,069.04

 Other taxes / refund of taxes          EUR            -66,581.92

 Tax (+/-)                              EUR         -1,529,650.96

 Annual surplus / annual deficit        EUR          5,731,750.75


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

INR 64.98

UK Pound

1

INR 90.95

Euro

1

INR 79.51

Euro

1

INR 79.84

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

NIS

 

 

Report Prepared by :

DNS

 


 

RATING EXPLANATIONS

 

Credit Rating

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

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)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.