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MIRA INFORM REPORT
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Report No. : |
484355 |
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Report Date : |
11.01.2018 |
IDENTIFICATION DETAILS
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Name : |
MELOSCH EXPORT GMBH |
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Registered Office : |
Waidmannstr. 16, D 22769 Hamburg |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
24.07.1992 |
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Com. Reg. No.: |
HRB 103528 |
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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 ·
Wholes of metal and plastic goods for
construction purposes ·
Wholesale of waste and scrap ·
Non-specialized wholesale of raw
materials and half-finished and finished goods |
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No. of Employees : |
9 |
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 (30.06.2017) |
Current Rating (30.09.2017) |
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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 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 2016 Germany reached a budget surplus of 0.6%. 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, bolstered by low energy prices and a weak
euro, and exports are likely to drive German GDP growth again in 2017.
|
Source
: CIA |
Company
name & address
MELOSCH EXPORT GMBH
Company Status: active
Waidmannstr. 16
D
22769 Hamburg
Telephone:040/5472490
Telefax:
040/5404094
E-mail:
info@melosch.de
Tax
ID number: 02/872/02245
CONCLUSION
Business relations are permissible.
LEGAL
FORM Private Limited Company
Date of foundation: 24.07.1992
Begin of business
activities: 01.01.1993
Shareholders'
agreement: 24.07.1992
Registered on: 12.12.2007
Commercial Register: Local court 20355 Hamburg
under: HRB 103528
Share capital: EUR 400,000.00
Shareholder:
Melosch Export GmbH
Waidmannstr. 16
D 22769 Hamburg
Legal form: Private
limited company
Share capital: EUR 400,000.00
Share: EUR 200,000.00
Registered on: 12.12.2007
Reg. data: 20355 Hamburg,
HRB 103528
Shareholder:
Melosch Holding GmbH
Waidmannstr. 16
D 22769 Hamburg
Legal form: Private
limited company
Share capital: EUR 25,600.00
Share: EUR 200,000.00
Registered on: 23.02.1998
Reg. data: 20355 Hamburg,
HRB 66661
Manager:
Michael Melosch
Heidkampstwiete 13
D 25469 Halstenbek
having sole power of
representation
born: 03.02.1970
Profession: Businessman
Proxy:
Ines Huber
D 21439 Marxen
having sole power of
representation
born: 26.01.1963
Profession: Businessman
Proxy:
Andreas Otto
D 22869 Schenefeld
having sole power of
representation
born: 20.12.1968
Further functions/participations of Michael
Melosch (Manager)
General partner:
MWM IMMOBILIA OHG
Heidkampstwiete 13
D 25469 Halstenbek
Legal form: General
Partnership
Registered
on: 29.03.2004
Reg. data: 25421 Pinneberg, HRA 4568 PI
Limited partner:
Ludwig Melosch GmbH &
Co. KG
Waidmannstr. 16
D 22769 Hamburg
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 350,000.00
contribution:
Share: EUR 101,500.00
Registered
on: 09.11.1920
Reg. data: 20355 Hamburg, HRA 46922
Limited partner:
Melosch Rohstoff Service
GmbH & Co. KG
Waidmannstr. 16
D 22769 Hamburg
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 250,000.00
contribution:
Share: EUR 47,500.00
Registered
on: 27.02.2006
Reg. data: 20355 Hamburg, HRA 103556
Limited partner:
Handelsgesellschaft
Ludwig Melosch GmbH &
Co. KG
Waidmannstr. 16
D 22769 Hamburg
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 52,000.00
contribution:
Share: EUR 11,700.00
Registered
on: 10.01.1984
Reg. data: 20355 Hamburg, HRA 79476
Shareholder:
Melosch Holding GmbH
Waidmannstr. 16
D 22769 Hamburg
Legal form: Private
limited company
Share capital: EUR 25,600.00
Share: EUR 25,600.00
Registered
on: 23.02.1998
Reg. data: 20355 Hamburg, HRB 66661
Shareholder:
Ludwig Melosch GmbH
Heidkampstwiete 10
D 25469 Halstenbek
Legal form: Private
limited company
Share capital: EUR 28,000.00
Share: EUR 8,120.00
Registered
on: 09.11.1983
Reg. data: 25421 Pinneberg, HRB 1807 PI
Manager:
Vertriebsgesellschaft für
Papierrecycling
m.b.H.
Waidmannstr. 16
D 22769 Hamburg
Legal form: Private
limited company
Share capital: EUR 26,000.00
Registered
on: 21.12.1973
Reg. data: 20355 Hamburg, HRB 15501
Manager:
MAMMUT -
Dokumentenservice Verwaltungs-GmbH
Waidmannstr. 16
D 22769 Hamburg
Legal form: Private
limited company
Share capital: EUR 30,000.00
Registered
on: 28.08.1991
Reg. data: 20355 Hamburg, HRB 48040
Manager:
Ludwig Melosch GmbH
Heidkampstwiete 10
D 25469 Halstenbek
Legal form: Private
limited company
Share capital: EUR 28,000.00
Registered
on: 09.11.1983
Reg. data: 25421 Pinneberg, HRB 1807 PI
Manager:
Melosch Holding GmbH
Waidmannstr. 16
D 22769 Hamburg
Legal form: Private
limited company
Share capital: EUR 25,600.00
Registered
on: 23.02.1998
Reg. data: 20355 Hamburg, HRB 66661
Manager:
PRO NEUPA GmbH
Peutestr. 68/72
D 20539 Hamburg
Legal form: Private
limited company
Share capital: EUR
25,000.00
Registered
on: 06.08.2004
Reg. data: 20355 Hamburg, HRB 91222
Manager:
HGS Melosch
Verwaltungs-GmbH
Waidmannstr. 16
D 22769 Hamburg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 29.01.2016
Reg. data: 20355 Hamburg, HRB 139943
Manager:
Melosch Internationale
GmbH
Waidmannstr. 16
D 22769 Hamburg
Legal form: Private
limited company
Share capital: EUR 75,000.00
Registered
on: 25.11.1993
Reg. data: 20355 Hamburg, HRB 54339
Proxy:
Ludwig Melosch GmbH &
Co. KG
Waidmannstr. 16
D 22769 Hamburg
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 350,000.00
contribution:
Registered
on: 09.11.1920
Reg. data: 20355 Hamburg, HRA 46922
Proxy:
mbk networks GmbH
Waidmannstr. 16
D 22769 Hamburg
Legal form: Private
limited company
Share capital: EUR 50,000.00
Registered
on: 10.02.2003
Reg. data: 20355 Hamburg, HRB 86337
COMPANY
HISTORY
company name and legal form
11.11.1997 - 12.12.2007 Melosch Export GmbH & Co. KG
Waidmannstr. 16
D 22769 Hamburg
Ltd partnership
with priv. ltd. company
as general partner
1992 - 10.11.1997 BIMEX Paper-Trading GmbH
Lederstr. 66
D 22525 Hamburg
Private limited company
BUSINESS
ACTIVITIES
Sectors
46721
Wholesale of iron ores, iron, steel and iron and steel semi-finished
goods
46743
Wholes of metal and plastic goods for construction purposes
46770
Wholesale of waste and scrap
46901
Non-specialized wholesale of raw materials and half-finished and
finished goods
PARTICIPATIONS
Shareholder:
Melosch Export GmbH
Waidmannstr. 16
D 22769 Hamburg
Legal form: Private
limited company
Company Status: active
Share capital: EUR 400,000.00
Share: EUR 200,000.00
Reg. data: 12.12.2007
Local court
20355 Hamburg
HRB 103528
Shareholder:
Interscan Recypa Europe
GmbH
Waidmannstr. 16
D 22769 Hamburg
Legal form: Private
limited company
Company Status: active
Share capital: EUR 30,000.00
Share: EUR 30,000.00
Reg. data: 29.08.1991
Local court
20355 Hamburg
HRB 48054
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).
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 Waidmannstr. 16
D 22769 Hamburg
Land register documents were not available.
BANKERS
HAMBURGER SPARKASSE, 20454 HAMBURG
Sort. code: 20050550, Account no.: 1250128343
BIC: HASPDEHHXXX, IBAN: DE23200505501250128343
UNICREDIT BANK - HYPOVEREINSBANK, 20454
HAMBURG
Sort. code: 20030000, Account no.: 138883
BIC: HYVEDEMM300, IBAN: DE78200300000000138883
FINANCIAL
FIGURES
Gross profit or loss:2016 EUR 3,541,948.00
Profit: 2016 EUR 240,238.00
Equipment: EUR 14,839.00
Ac/ts receivable: EUR 6,336,454.00
Liabilities: EUR 3,747,420.00
Employees:
9
-
thereof permanent staff: 9
BALANCE
SHEETS
Balance sheet ratios 01.01.2016 - 31.12.2016
Equity ratio [%]: 48.04
Liquidity ratio: 1.99
Return on total capital [%]: 3.31
Balance sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]: 51.16
Liquidity ratio: 2.12
Return on total capital [%]: 4.11
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 59.00
Liquidity ratio: 3.01
Return on total capital [%]: 0.31
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 61.50
Liquidity ratio: 2.76
Return on total capital [%]: 2.77
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 7,262,816.31
Fixed assets
EUR 44,839.25
Tangible assets
EUR 14,839.25
Other tangible assets / fixtures and
fittings
EUR 14,839.25
Financial assets
EUR 30,000.00
Shares in participations /
subsidiaries and the like
EUR 30,000.00
Shares in related companies
EUR 30,000.00
Current assets
EUR 7,217,260.68
Stocks
EUR 617,973.89
Accounts receivable
EUR 6,336,453.86
Trade debtors
EUR 5,715,585.90
Other debtors and assets
EUR 620,867.96
Liquid means
EUR 262,832.93
Remaining
other assets EUR 716.38
Accruals (assets)
EUR 716.38
LIABILITIES EUR 7,262,816.31
Shareholders' equity
EUR 3,188,321.80
Capital
EUR 400,000.00
Subscribed capital (share capital)
EUR 400,000.00
Reserves
EUR 2,425,000.00
Capital reserves
EUR 1,925,000.00
Retained earnings / revenue reserves EUR 500,000.00
Balance sheet profit/loss (+/-)
EUR 363,321.80
Profit / loss brought forward
EUR 123,083.42
Annual surplus / annual deficit
EUR 240,238.38
Provisions
EUR 327,074.50
Liabilities
EUR 3,747,420.01
Financial debts
EUR 468,320.60
Liabilities due to banks
EUR 468,320.60
Other liabilities
EUR 3,279,099.41
Trade creditors (for IAS incl. bills
of exchange)
EUR 2,932,600.49
Liabililties
due to related companiesEUR
32,433.42
Unspecified other liabilities
EUR 314,065.50
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 3,541,948.02
Staff expenses
EUR 458,938.59
Wages and salaries
EUR 390,415.58
Social security contributions and
expenses for pension plans and
benefits EUR 68,523.01
Total depreciation
EUR 4,983.00
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 4,983.00
Other operating expenses
EUR 2,679,796.98
Operating result from continuing
operations
EUR 398,229.45
Result from participating interests
(+/-)
EUR 3,856.38
Expenses / income from participations EUR 3,856.38
Income from transfer of profits
EUR 3,856.38
Interest result (+/-)
EUR -25,541.50
Interest and similar income
EUR 863.89
thereof from related companies
EUR 87.89
Interest and similar expenses
EUR 26,405.39
thereof paid to related companies
EUR 437.49
Financial result (+/-) EUR -21,685.12
Result from ordinary operations (+/-)
EUR 376,544.33
Income tax / refund of income tax (+/-)EUR -136,305.95
Tax
(+/-)
EUR -136,305.95
Annual
surplus / annual deficit EUR 240,238.38
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 6,936,015.18
Fixed assets
EUR 47,438.09
Tangible assets
EUR 17,438.09
Other tangible assets / fixtures and
fittings EUR 17,438.09
Financial assets
EUR 30,000.00
Shares in participations /
subsidiaries and the like
EUR 30,000.00
Shares in related companies
EUR 30,000.00
Current assets
EUR 6,887,895.71
Stocks
EUR 738,839.29
Accounts receivable
EUR 5,707,267.64
Trade debtors EUR 5,242,457.90
Other debtors and assets
EUR 464,809.74
Liquid means
EUR 441,788.78
Remaining other assets
EUR 681.38
Accruals (assets)
EUR 681.38
LIABILITIES EUR 6,936,015.18
Shareholders' equity
EUR 3,248,083.42
Capital
EUR 400,000.00
Subscribed capital (share capital) EUR 400,000.00
Reserves
EUR 2,425,000.00
Capital reserves
EUR 1,925,000.00
Retained earnings / revenue reserves EUR 500,000.00
Balance sheet profit/loss (+/-)
EUR 423,083.42
Profit / loss brought forward
EUR 137,927.62
Annual surplus / annual deficit
EUR 285,155.80
Provisions
EUR 252,384.58
Liabilities
EUR 3,435,547.18
Other liabilities
EUR 3,435,547.18
Trade creditors (for IAS incl. bills
of exchange)
EUR 3,081,359.94
Liabililties due to related companiesEUR 34,867.80
Unspecified other liabilities
EUR 319,319.44
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-) EUR 4,852,032.10
Staff expenses
EUR 454,163.83
Wages and salaries
EUR 388,204.52
Social security contributions and
expenses for pension plans and
benefits EUR 65,959.31
Total depreciation
EUR 5,260.00
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 5,260.00
Other operating expenses
EUR 4,005,816.52
Operating result from continuing
operations
EUR 386,791.75
Result from participating interests
(+/-)
EUR 1,844.32
Expenses / income from participations EUR 1,844.32
Income from transfer of profits
EUR 1,844.32
Interest result (+/-)
EUR -21,463.51
Interest and similar income
EUR 72.44
thereof from related companies
EUR 0.00
Interest and similar expenses
EUR 21,535.95
thereof paid to related companies
EUR 411.70
Financial result (+/-)
EUR -19,619.19
Result from ordinary operations (+/-)
EUR 367,172.56
Income tax / refund of income tax (+/-)EUR -82,016.76
Tax
(+/-)
EUR -82,016.76
Annual
surplus / annual deficit EUR 285,155.80
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.83 |
|
|
1 |
INR 86.28 |
|
Euro |
1 |
INR 76.14 |
|
EUR |
1 |
INR 76.24 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRA |
|
|
|
|
Report Prepared
by : |
TPT |
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.