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MIRA
INFORM REPORT
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Report No. : |
505848 |
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Report Date : |
24.04.2018 |
IDENTIFICATION DETAILS
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Name : |
DAMSTAHL GMBH |
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Registered Office : |
Raiffeisenstr. 6-8, D 40764 Langenfeld |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
08.11.1960 |
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Com. Reg. No.: |
HRB 45003 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesale of Metals and Metal Ores |
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No. of Employees : |
114 |
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 : |
Regular |
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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
DAMSTAHL GMBH
Company Status: active
Raiffeisenstr. 6-8
D 40764 Langenfeld
Telephone:02173/797-0
Telefax: 02173/797-270
Homepage: www.damstahl.de
E-mail: dsde@damstahl.com
VAT no.: DE121382220
Tax ID number: 135/5715/0083
LEGAL FORM Private Limited
Company
Date of foundation: 08.11.1960
Shareholders'
agreement: 08.11.1960
Registered on: 13.06.2003
Commercial Register: Local court 40227 Düsseldorf
under: HRB 45003
Share capital:
EUR 5,500,000.00
Shareholder:
DAM-Stahl
A.S.
DK -
Skonderborg
Legal form: Other legal form
Share: EUR 5,500,000.00
Manager:
Wolf
Ehrenberg
Richard-Wagner-Str. 25
D 75038
Oberderdingen
having sole
power of representation
born:
24.08.1951
Profession:
Businessman
Marital
status: unknown
Manager:
Harry
Ehrenberg
Flurstr. 16
CH 6340 Baar
having sole
power of representation
born:
18.12.1948
Nationality:
Swiss
Manager:
Jan-Mikael
Sthaalros
Kingosvej 4
DK 8700
Horsens
having sole
power of representation
born:
18.02.1949
Profession:
Businessman
Nationality:
danish
Proxy:
Achim
Dietrich
D 47051 Duisburg
authorized to
jointly represent the company
born:
24.06.1957
Proxy:
Stefan
Müller-Bernhardt
D 40721
Hilden
authorized to
jointly represent the company
born:
22.06.1965
Proxy:
Oliver Kamp
D 40789
Monheim
authorized to
jointly represent the company
born:
02.06.1976
Further functions/participations of Wolf Ehrenberg (Manager)
Shareholder:
Kyffhäuser
Pumpen Artern GmbH
Domacker 3
D 06556
Artern
Legal form:
Private limited company
Share
capital: EUR 56,242.11
Share: EUR 15,338.76
Registered
on: 22.01.1999
Reg.
data: 07745 Jena, HRB 110514
Manager:
Armaturenwerk Hötensleben GmbH
Schulstr. 5-6
D 39393
Hötensleben
Legal form:
Private limited company
Share
capital: EUR 4,200,000.00
Registered
on: 03.08.1990
Reg.
data: 39576 Stendal, HRB 100417
Manager:
NEUMO-Grundbesitz GmbH
Henry-Ehrenberg-Platz 3
D 75438 Knittlingen
Legal form:
Private limited company
Share
capital: EUR 1,279,000.00
Registered
on: 29.09.1949
Reg.
data: 68159 Mannheim, HRB 510029
Further functions/participations of Harry Ehrenberg (Manager)
Limited partner:
Gebr. Rieger
GmbH + Co KG
Kochertalstr.
32
D 73431 Aalen
Post Box:
16 40, D 73406 Aalen
Legal form:
Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 2,812,105.35
contribution:
Share: EUR 153,387.56
Registered
on: 02.04.1987
Reg.
data: 89073 Ulm, HRA 500799
Limited partner:
NEUMO
Armaturenfabrik Apparatebau -
Metallgießerei GmbH & Co. KG
Henry-Ehrenberg-Platz 1-3
D 75438
Knittlingen
Legal form:
Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 9,203,253.86
contribution:
Share: EUR 63,911.48
Registered
on: 01.04.1987
Reg.
data: 68159 Mannheim, HRA 510539
Shareholder:
NEUMO-Grundbesitz GmbH
Henry-Ehrenberg-Platz 3
D 75438
Knittlingen
Legal form:
Private limited company
Share
capital: EUR 1,279,000.00
Share: EUR 319,750.00
Registered
on: 29.09.1949
Reg.
data: 68159 Mannheim, HRB 510029
Manager:
Senator
Ehrenberg GmbH
Henry-Ehrenberg-Platz 1-3
D 75438
Knittlingen
Legal form:
Private limited company
Share
capital: EUR 25,600.00
Registered
on: 23.09.1986
Reg.
data: 68159 Mannheim, HRB 510634
Manager:
Armaturenwerk
Hötensleben GmbH
Schulstr. 5-6
D 39393
Hötensleben
Legal form:
Private limited company
Share
capital: EUR 4,200,000.00
Registered
on: 03.08.1990
Reg. data: 39576 Stendal, HRB 100417
Manager:
NEUMO-Grundbesitz GmbH
Henry-Ehrenberg-Platz 3
D 75438
Knittlingen
Legal form:
Private limited company
Share capital: EUR 1,279,000.00
Registered
on: 29.09.1949
Reg.
data: 68159 Mannheim, HRB 510029
Manager:
Vargus
Deutschland GmbH
Mozartstr. 11
D 75438
Knittlingen
Legal form:
Private limited company
Share
capital: EUR 250,000.00
Registered
on: 11.12.2015
Reg.
data: 68159 Mannheim, HRB 723652
Manager:
Lea Ehrenberg
Verwaltungs GmbH
Henry-Ehrenberg-Platz 1
D 75438
Knittlingen
Legal form:
Private limited company
Share
capital: EUR 25,000.00
Registered
on: 02.05.2014
Reg.
data: 68159 Mannheim, HRB 719542
Member:
Wolf Ehrenberg,
Harry Ehrenberg, Ruth
Segev-Ehrenberg Ilona Senderovicz
Henry-Ehrenberg-Platz 1-3
D 75438
Knittlingen
Legal form:
Community of heirs
COMPANY HISTORY
company name and legal form
26.02.1979 - 26.10.2000
Damstahl-Verwaltungs-GmbH
Raiffeisenstr. 6-8
D 40764
Langenfeld
Private
limited company
BUSINESS ACTIVITIES
Main industrial sector
4672 Wholesale of metals and metal ores
BRANCHES AND FACTORIES
Works:
Damstahl GmbH
Prager Str. 1
D 82008
Unterhaching
TEL.:
089/8189640-0
FAX.: 089/8189640-40
Works:
Damstahl GmbH
Geschwister-Beschütz-Bogen 6
D 22335
Hamburg
TEL.:
040/3807427-40
FAX.:
040/3807427-50
Works:
Damstahl GmbH
Hanauer
Landstr. 293b
D 60314
Frankfurt
TEL.:
069/2575883-00
FAX.:
069/2575883-20
Works:
Damstahl GmbH
Schleinufer
11
D 39104 Magdeburg
TEL.:
0391/557226-50
FAX.:
0391/557226-59
Works:
Damstahl GmbH
Zettachring 2
D 70567
Stuttgart
TEL.:
0711/215787-10
FAX.:
0711/215787-20
FINANCIAL INFORMATION
Payment experience: Regular
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).
REAL ESTATE
Type of ownership: proprietor
Share: 100.00 %
Address
Raiffeisenstr. 6-8
D 40764
Langenfeld
Residential floor 17,000.00
sq.m
space/ Usable floor
space:
Type of ownership: proprietor
Share: 100.00 %
Address Hitdorfer
Str. 37-39
D 40764
Langenfeld
Land register documents were not available.
BANKERS
JYSKE BANK FIL HAMBURG, 20023 HAMBURG
Sort. code: 20020500, Account no.: 157505001
BIC: JYBADEHHXXX, IBAN: DE88200205000157505001
FINANCIAL FIGURES
Turnover: 2016 EUR 82,587,425.00
Profit: 2016 EUR 1,439,929.00
Equipment: EUR 1,810,134.00
Ac/ts
receivable:
EUR 6,774,061.00
Liabilities: EUR 8,619,121.00
Real
estate of the firm:
EUR 5,831,070.00
Employees:
114
-
thereof permanent staff: 111
-
Trainees:
3
BALANCE SHEETS
Balance sheet ratios 01.01.2016 - 31.12.2016
Equity ratio [%]:
73.04
Liquidity ratio:
0.75
Return on total capital [%]:
4.03
Balance sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]:
73.55
Liquidity ratio:
0.67
Return on total capital [%]:
-0.80
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]:
72.16
Liquidity ratio:
0.60
Return on total capital [%]:
6.49
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]:
70.24
Liquidity ratio:
0.65
Return on total capital [%]:
-2.60
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 36,383,350.60
Outstanding capital EUR 562,038.87
Outstanding contributions EUR 562,038.87
Fixed assets EUR 8,734,673.12
Intangible assets EUR 221,684.05
Concessions, licences, rights EUR 184,784.37
Goodwill EUR 36,899.68
Tangible assets EUR 7,641,203.84
Land / similar rights EUR 5,831,070.14
Other tangible assets / fixtures and
fittings EUR 1,810,133.70
Financial assets EUR 871,785.23
Shares in participations /
subsidiaries and the like EUR 871,785.23
Shares in related companies EUR 722,000.00
Shares in investee companies EUR 149,785.23
Current assets EUR 26,985,835.81
Stocks EUR 20,768,300.22
Raw materials, consumables and
supplies EUR 5,000.00
Finished goods / work in progress EUR
19,107,178.53
Advance payments made EUR 1,656,121.69
Accounts receivable EUR 6,212,022.53
Trade debtors EUR 5,042,585.51
Amounts due from related companies EUR 471,266.04
Amounts due from investee companies EUR 6,686.96
Other debtors and assets EUR 691,484.02
Liquid means EUR 5,513.06
Remaining other assets EUR 100,802.80
Accruals (assets) EUR 34,177.93
Deferred taxes (assets) EUR 66,624.87
LIABILITIES EUR 36,383,350.60
Shareholders' equity EUR 26,398,989.47
Capital EUR 5,500,000.00
Subscribed capital (share capital) EUR
5,500,000.00
Reserves
EUR 2,608,843.82
Capital reserves EUR 2,556,459.41
Retained earnings / revenue reserves
EUR 52,384.41
Balance sheet profit/loss (+/-) EUR 18,290,145.65
Profit / loss brought forward EUR 16,850,216.97
Annual surplus / annual deficit EUR 1,439,928.68
Provisions EUR 1,365,239.74
Pension provisions and comparable
provisions EUR 627,590.00
Provisions for taxes EUR 555,653.99
Other / unspecified provisions EUR 181,995.75
Liabilities EUR 8,619,121.39
Financial debts EUR 4,261,951.71
Liabilities due to banks EUR 4,261,951.71
Other liabilities EUR 4,357,169.68
Trade creditors (for IAS incl. bills
of exchange) EUR 3,224,981.35
Liabililties due to related
companiesEUR 371,170.93
Unspecified other liabilities EUR 761,017.40
thereof liabilities from tax /
financial authorities EUR 718,702.65
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Sales EUR 82,587,424.51
Other operating income EUR 139,717.11
Cost of materials EUR 67,988,335.23
Raw materials and supplies, purchased
goods EUR 67,988,335.23
Gross result (+/-) EUR 14,738,806.39
Staff expenses EUR 6,420,148.95
Wages and salaries EUR 5,428,916.12
Social security contributions and
expenses for pension plans and
benefits EUR 991,232.83
Total depreciation EUR 627,488.11
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 627,488.11
Other operating expenses EUR 5,692,127.78
Operating result from continuing
operations EUR 1,999,041.55
Result from participating interests
(+/-) EUR 95,505.62
Expenses / income from participations
EUR 95,505.62
Income from related companies EUR 95,505.62
Interest result (+/-) EUR -50,706.00
Interest and similar income EUR 14,967.93
Interest and similar expenses EUR 65,673.93
Financial result (+/-) EUR 44,799.62
Result from ordinary operations (+/-) EUR
2,043,841.17
Income tax / refund of income tax
(+/-)EUR -580,057.46
Other taxes / refund of taxes EUR -23,855.03
Tax (+/-) EUR -603,912.49
Annual surplus / annual deficit EUR 1,439,928.68
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 37,709,963.99
Outstanding capital EUR 405,870.52
Outstanding contributions EUR 405,870.52
Fixed assets EUR 9,266,312.78
Intangible assets EUR 354,162.48
Concessions, licences, rights EUR 283,201.64
Goodwill EUR 70,960.84
Tangible assets EUR 8,040,365.07
Land / similar rights EUR 6,078,039.74
Other tangible assets / fixtures and
fittings EUR 1,962,325.33
Financial assets EUR 871,785.23
Shares in participations /
subsidiaries and the like EUR 871,785.23
Shares in related companies EUR 722,000.00
Shares in investee companies EUR
149,785.23
Current assets EUR 27,931,160.70
Stocks EUR 21,971,781.97
Raw materials, consumables and
supplies EUR 5,000.00
Finished goods / work in progress EUR
21,046,141.82
Advance payments made EUR 920,640.15
Accounts receivable EUR 5,936,972.98
Trade debtors EUR 4,073,304.25
Amounts due from related companies EUR 921,434.65
Amounts due from investee companies EUR 96,261.16
Other debtors and assets EUR 845,972.92
Liquid means EUR 22,405.75
Remaining other assets EUR 106,619.99
Accruals (assets) EUR 20,115.37
Deferred taxes (assets) EUR 86,504.62
LIABILITIES EUR
37,709,963.99
Shareholders' equity EUR 24,959,060.79
Capital EUR 5,500,000.00
Subscribed capital (share capital) EUR
5,500,000.00
Reserves EUR 2,608,843.82
Capital reserves EUR 2,556,459.41
Retained earnings / revenue reserves
EUR 52,384.41
Balance sheet profit/loss (+/-) EUR 16,850,216.97
Profit / loss brought forward EUR 17,148,779.71
Annual surplus / annual deficit EUR -298,562.74
Provisions EUR 973,608.36
Pension provisions and comparable
provisions EUR 653,737.00
Provisions for taxes EUR 147,196.01
Other / unspecified provisions EUR 172,675.35
Liabilities EUR 11,777,294.84
Financial debts EUR 5,732,746.78
Liabilities due to banks EUR 5,732,746.78
Other liabilities EUR 6,044,548.06
Trade creditors (for IAS incl. bills
of exchange) EUR 2,939,753.08
Liabililties due to related
companiesEUR 2,934,062.03
Unspecified other liabilities EUR 170,732.95
thereof liabilities from tax /
financial authorities EUR 75,384.08
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Sales EUR 88,439,555.38
Other operating income EUR 615,776.49
Cost of materials EUR 76,410,610.79
Raw materials and supplies, purchased
goods EUR 76,410,610.79
Gross result (+/-) EUR 12,644,721.08
Staff expenses EUR 5,953,761.20
Wages and salaries EUR 4,974,682.01
Social security contributions and
expenses for pension plans and
benefits EUR 979,079.19
Total depreciation EUR 630,709.63
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 630,709.63
Other operating expenses EUR 6,209,941.25
Operating result from continuing
operations EUR -149,691.00
Result from participating interests
(+/-) EUR 103,539.66
Expenses / income from participations
EUR 103,539.66
Income from related companies EUR 103,539.66
Interest result (+/-) EUR -113,383.71
Interest and similar income EUR 11,925.31
Interest and similar expenses EUR 125,309.02
Other financial result EUR 97.28
Income from securities and loans from
financial assets EUR 97.28
Financial result (+/-) EUR -9,746.77
Result from ordinary operations (+/-) EUR
-159,437.77
Income tax / refund of income tax
(+/-)EUR -106,893.66
Other taxes / refund of taxes EUR -32,231.31
Tax (+/-) EUR -139,124.97
Annual surplus / annual deficit EUR -298,562.74
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 66.22 |
|
|
1 |
INR 92.84 |
|
Euro |
1 |
INR 81.27 |
|
EUR |
1 |
INR 81.08 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
KET |
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.