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MIRA INFORM REPORT
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Report No. : |
516728 |
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Report Date : |
23.06.2018 |
IDENTIFICATION DETAILS
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Name : |
GABO STAHL GMBH |
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Registered Office : |
Streichhoffeld 1, D 73457 Essingen |
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Country : |
Germany |
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Financials (as on) : |
31.03.2017 |
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Date of Incorporation : |
11.02.2014 |
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Com. Reg. No.: |
HRB 733321 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacture of metal products n.e.c |
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No. of Employees : |
100 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but Correct |
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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
|
Country Name |
Previous Rating (31.12.2017) |
Current Rating (01.04.2018) |
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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 AND ADDRESS
Report
on : GABO Stahl GmbH
Company
Status : active
Streichhoffeld 1
D 73457 Essingen
Telephone:07365/92380
Telefax:
07365/9238308
Homepage: www.gabo-stahl.de
E-mail:
info@gabo-stahl.de
VAT
no. : DE295961275
Tax
ID number : 50493/19422
LEGAL
FORM : Private limited company
Date
of foundation : 11.02.2014
Shareholders'
Agreement : 11.02.2014
Registered
on : 18.03.2016
Commercial
Register : Local court 89073 Ulm
Under : HRB 733321
Share
capital : EUR 10,025,000.00
Shareholder : GABO Stahl Verwaltungs GmbH
Röntgenstr. 1
D 81679 München
Legal form: Private limited company
Share capital: EUR 25,000.00
Share: EUR 10,025,000.00
Registered on: 21.02.2017
Reg. data: 80333 München, HRB 231528
Manager : Carl-Heinz Schütte
Dreieichstr. 32
D 61381 Friedrichsdorf
having
sole power of representation
born: 30.04.1955
Profession: Management expert
Marital status: unknown
Manager : Thorsten Maier
D 73457 Essingen
having sole power of representation
born: 27.01.1984
Proxy : Ursula Ambacher
D 73430 Aalen
having sole power of representation
born: 14.03.1964
Proxy : Jakob Adamczyk
Philipp-Funk-Str. 84
D 73433 Aalen
having sole power of representation
born: 09.05.1979
Further
functions/participations of Carl-Heinz Schütte (Manager)
Proprietor : Schütte Unternehmens- und Immobilienberatung
e. Kfm. Inh. Carl-Heinz Schütte
Dreieichstr. 32
D 61381 Friedrichsdorf
Legal form: Sole proprietorship
Registered
on:
18.03.2002
Reg. data:
61352 Bad Homburg, HRA 3628
Free-lance
partner : Demps & Partner
Unternehmensberatung/beratende
Betriebswirte
Tal 15
D 80331 München
Legal form: Partnership of free-lance
professionals
Registered
on: 09.11.2007
Reg. data:
80333 München, 756
Manager : Mutschler Feinwerktechnik GmbH
Im Weiher 14
D 69121 Heidelberg
Legal form: Private limited company
dissolved by official decree
Share capital: EUR 25,564.59
Registered
on:
11.10.1983
Reg.
data: 68159 Mannheim, HRB 332575
Further
functions/participations of Thorsten Maier (Manager)
Shareholder : TM Verwaltungs-UG (haftungsbeschränkt)
Falkenbergstr. 21
D 73457 Essingen
Legal
form: Entrepreneur Company (limited
liability)
Share capital: EUR 1,000.00
Share: EUR 1,000.00
Registered
on:
02.05.2018
Reg. data:
89073 Ulm, HRB 736662
Manager : HAPU Industrie Vertretungen GmbH
Streichhoffeld 1
D 73457 Essingen
Legal
form: Private limited company
Share capital: EUR 153,387.56
Registered
on:
21.06.2016
Reg. data:
89073 Ulm, HRB 733667
Manager : GStahl Managementbeteiligungsgesellschaft
mbH
Hofmannstr. 52-54
D 81379 München
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on:
27.03.2018
Reg. data:
80333 München, HRB 239931
Manager : TM Verwaltungs-UG (haftungsbeschränkt)
Falkenbergstr. 21
D 73457 Essingen
Legal form: Entrepreneur Company (limited
liability)
Share capital: EUR 1,000.00
Registered
on:
02.05.2018
Reg. data:
89073 Ulm, HRB 736662
COMPANY
HISTORY
Company Name and
Legal Form
10.07.2017
- 04.09.2017 AIMD GmbH
Streichhoffeld 1
D 73457 Essingen
Private limited
company
18.03.2016
- 10.07.2017 AIMD GmbH
Wöhlerstr. 5
D 60323 Frankfurt
Private limited
company
25.09.2014
- 18.03.2016 AIMD GmbH (Amtsgericht
Hamburg HRB
130938)
Wöhlerstr. 5
D 60323 Frankfurt
Private limited
company
16.07.2014
- 24.09.2014 Amtek International Metals
Division GmbH
Wöhlerstr. 5
D 60323 Frankfurt
Private limited
company
11.02.2014
- 15.07.2014 SNEGLEHUS
Vermögensverwaltungsgesellschaft mbH
Baron-Voght-Str. 19 c/o
Sitta
D 22609 Hamburg
Private limited
company
RESIGNED
ACTING PERSONS AND SHAREHOLDERS
15.07.2015
- 10.07.2017 Manager
Anubhav Dahm
IND Neu Delhi
28.10.2014
- 10.07.2017 Manager
Manfred Johann Vogel
D 77876 Kappelrodeck
18.07.2014
- 10.07.2017 Manager
Kunal Sabharwal
IND Kalkaji, Delhi
19.01.2015
- 09.07.2015 Manager
Rohan Hazrati
IND New Delhi
BUSINESS
ACTIVITIES
Main
industrial sector
25993 Manufacture of metal products n.e.c.
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
6209 Other information technology service
activities
BRANCHES
AND FACTORIES
Branch : GABO Stahl GmbH
Weißenburger Str. 69
D 44145 Dortmund
TEL.: 0231/5450430
FAX.: 0231/54504322
Reg. entry: 21.03.2016
PARTICIPATIONS
Shareholder : OWZ Ostalb- Warmbehandlungszentrum GmbH
Streichhoffeld 1
D 73457 Essingen
Legal form: Private limited company
Company Status: active
Share capital: EUR 1,500,000.00
Share: EUR 1,500,000.00
Reg. data:
22.10.1998
Local court 89073 Ulm
HRB 501204
Shareholder : HAPU Industrie Vertretungen GmbH
Streichhoffeld 1
D 73457 Essingen
Legal form: Private limited company
Company Status: active
Share
capital: EUR 153,387.56
Share: EUR 153,387.56
Reg. data:
21.06.2016
Local court 89073 Ulm
HRB
733667
Shareholder : SRT GmbH
Streichhoffeld 3
D 73457 Essingen
Legal form: Private limited company
Company Status: active
Share
capital: EUR 50,000.00
Share: EUR 50,000.00
Reg. data:
31.01.2005
Local court 89073 Ulm
HRB 501582
Shareholder : WTL Werkstofftechnik-Labor GmbH
Ulmer Str. 82-84
D 73431 Aalen
Legal form: Private limited company
Company Status: active
Share
capital: EUR 25,564.59
Share: EUR 25,564.59
Reg. data:
03.06.1997
Local court 89073 Ulm
HRB
501101
Shareholder : M. Droste Stahlhandel GmbH
Hellweg 8
D 44787 Bochum
Legal form: Private limited company
Company Status: active
Share
capital: EUR 26,000.00
Share: EUR 24,700.00
Reg. data:
31.01.1986
Local court 44787 Bochum
HRB
2882
.
Payment
experience : Slow
but correct
Negative
information : We have no negative information at hand.
Balance
sheet year : 2016/2017
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
: Streichhoffeld 1
D
73457 Essingen
Land
register documents were not available.
BANKERS
COMMERZBANK,
45116 ESSEN
Sort.
code: 36040039
BIC:
COBADEFFXXX, IBAN: DE71360400390125882100
FINANCIAL
FIGURES
Turnover: 2015/2016 EUR 19,728,864.00
2016/2017 EUR 74,043,345.00
Profit: 2015/2016 EUR 1,050,467.00
2016/2017 EUR -1,519,686.00
further
business figures:
Equipment: EUR 436,526.00
Ac/ts
receivable:
EUR 15,431,583.00
Liabilities: EUR 40,993,732.00
Employees:
100
-
thereof permanent staff: 100
BALANCE SHEETS
Balance
sheet ratios 01.04.2016 - 31.03.2017
Equity
ratio [%]: 10.54
Liquidity
ratio: 0.39
Return
on total capital [%]: -3.09
Balance
sheet ratios 01.01.2016 - 31.03.2016
Equity
ratio [%]: 11.23
Liquidity
ratio: 0.50
Return
on total capital [%]: 1.76
Balance
sheet ratios 01.01.2015 - 31.12.2015
Equity
ratio [%]: 9.19
Liquidity
ratio: 0.47
Return
on total capital [%]: 0.42
Balance
sheet ratios 11.02.2014 - 31.12.2014
Equity
ratio [%]: -9.95
Liquidity
ratio: 0.30
Return
on total capital [%]: -3.56
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: 01.04.2016 - 31.03.2017
ASSETS EUR 49,244,323.90
Fixed assets EUR 8,474,462.46
Intangible assets EUR 44.00
Concessions, licences, rights EUR 44.00
Tangible assets EUR 987,636.00
Plant / machinery EUR 551,110.00
Other tangible assets / fixtures and
fittings EUR 436,526.00
Financial assets EUR 7,486,782.46
Shares in participations /
subsidiaries and the like EUR 7,486,782.46
Shares in related companies EUR 7,486,782.46
Current assets EUR 40,728,926.69
Stocks EUR 23,881,096.15
Finished goods / work in progress EUR
23,478,452.74
Advance payments made EUR 402,643.41
Accounts receivable EUR 15,431,583.29
Trade debtors EUR 8,865,615.87
Amounts due from related companies EUR
6,494,586.98
Other debtors and assets EUR 71,380.44
Liquid means EUR 1,416,247.25
Remaining other assets EUR 40,934.75
Accruals (assets) EUR 40,934.75
LIABILITIES EUR 49,244,323.90
Shareholders' equity EUR 5,191,298.73
Capital EUR 10,025,000.00
Subscribed capital (share capital) EUR
10,025,000.00
Balance sheet profit/loss (+/-) EUR -4,833,701.27
Profit / loss brought forward EUR -3,314,015.52
Annual surplus / annual deficit EUR -1,519,685.75
Provisions EUR 3,059,293.35
Provisions for taxes EUR 1,823,341.00
Other / unspecified provisions EUR 1,235,952.35
Liabilities EUR 40,993,731.82
Financial debts EUR 22,584,581.96
Liabilities due to banks EUR 22,584,581.96
Other liabilities EUR 18,409,149.86
Trade creditors (for IAS incl. bills
of exchange) EUR 3,983,224.67
Liabililties due to related companiesEUR 13,500,651.81
Unspecified other liabilities EUR 925,273.38
thereof liabilities from tax /
financial authorities EUR 873,704.63
thereof liabilities from social
security EUR 0.00
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Sales EUR 74,043,345.03
Inventory change + own costs (+/-) EUR -93,903.40
Inventory change (+/-) EUR -93,903.40
Other operating income EUR 955,165.48
Cost of materials EUR 57,573,860.17
Raw materials and supplies, purchased
goods EUR 55,712,246.67
Purchased services EUR 1,861,613.50
Gross result (+/-) EUR 17,330,746.94
Staff expenses EUR 5,020,028.34
Wages and salaries EUR 4,182,650.96
Social security contributions and
expenses for pension plans and
benefits EUR 837,377.38
Total depreciation EUR 3,505,094.28
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 310,564.81
Depreciation on current assets (+/-) EUR
3,194,529.47
Other operating expenses EUR 9,070,152.27
Operating result from continuing
operations EUR -264,527.95
Result from participating interests
(+/-) EUR 752,781.07
Expenses / income from participations
EUR 752,781.07
Income from transfer of profits EUR 752,781.07
Interest result (+/-) EUR -1,370,228.16
Interest and similar income EUR
130,508.02
thereof from related companies EUR 109,759.54
Interest and similar expenses EUR 1,500,736.18
thereof paid to related companies EUR 332,593.08
Financial result (+/-) EUR
-617,447.09
Result from ordinary operations (+/-) EUR
-881,975.04
Income tax / refund of income tax
(+/-)EUR -628,457.00
Other taxes / refund of taxes EUR -9,253.71
Tax (+/-) EUR -637,710.71
Annual surplus / annual deficit EUR -1,519,685.75
Type
of balance
sheet: Company balance sheet
Origin
of the present
balance
sheet: electronic German Federal
Gazette
Financial
year: 01.01.2016 - 31.03.2016
ASSETS EUR 59,755,241.66
Fixed assets EUR 8,208,785.17
Intangible assets EUR 10,867.89
Concessions, licences, rights EUR 10,867.89
Tangible assets EUR 1,216,422.82
Plant / machinery EUR 643,939.00
Other tangible assets / fixtures and
fittings EUR 572,483.82
Financial assets EUR 6,981,494.46
Shares in participations /
subsidiaries and the like EUR 6,981,494.46
Shares in related companies EUR 6,981,494.46
Current assets EUR 51,004,045.05
Stocks EUR 24,767,072.57
Finished goods / work in progress EUR
24,395,361.41
Advance payments made EUR 371,711.16
Accounts receivable EUR 24,720,269.25
Trade debtors EUR 8,625,595.03
Amounts due from related companies EUR
16,056,889.70
Other debtors and assets EUR 37,784.52
Liquid means EUR 1,516,703.23
Remaining other assets EUR 542,411.44
Accruals (assets) EUR 542,411.44
LIABILITIES EUR 59,755,241.66
Shareholders' equity EUR 6,710,984.48
Capital EUR 10,025,000.00
Subscribed capital (share capital) EUR
10,025,000.00
Balance sheet profit/loss (+/-) EUR -3,314,015.52
Profit / loss brought forward EUR -4,364,482.14
Annual surplus / annual deficit EUR 1,050,466.62
Provisions EUR 2,307,373.13
Provisions for taxes EUR 1,194,884.00
Other / unspecified provisions EUR 1,112,489.13
Liabilities EUR 50,736,884.05
Financial debts EUR 30,911,508.33
Liabilities due to banks EUR 30,911,508.33
Other liabilities EUR 19,825,375.72
Trade creditors (for IAS incl. bills
of exchange) EUR 3,828,709.28
Liabililties due to related
companiesEUR 15,123,346.36
Unspecified other liabilities EUR 873,320.08
thereof liabilities from tax /
financial authorities EUR 467,945.84
thereof liabilities from social
security EUR 102.24
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Sales EUR 19,728,864.26
Inventory change + own costs (+/-) EUR
-339,726.95
Inventory change (+/-) EUR -339,726.95
Other operating income EUR 40,254.30
Cost of materials EUR 15,349,123.59
Raw materials and supplies, purchased
goods EUR 14,755,994.08
Purchased services EUR 593,129.51
Gross result (+/-) EUR 4,080,268.02
Staff expenses EUR 1,238,564.17
Wages and salaries EUR 1,022,440.33
Social security contributions and
expenses for pension plans and
benefits EUR 216,123.84
Total depreciation EUR 72,801.00
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 72,801.00
Other operating expenses EUR 1,883,121.67
Operating result from continuing
operations EUR 885,781.18
Result from participating interests
(+/-) EUR 1,566,028.61
Expenses / income from participations
EUR 1,566,028.61
Income from transfer of profits EUR 1,566,028.61
Expenses for the transfer of losses EUR 530,817.40
Interest result (+/-) EUR -395,437.95
Interest and similar income EUR 117,744.86
thereof from related companies EUR 101,641.79
Interest and similar expenses EUR 513,182.81
thereof paid to related companies EUR 122,371.44
Financial result (+/-) EUR 639,773.26
Result from ordinary operations (+/-) EUR
1,525,554.44
Income tax / refund of income tax
(+/-)EUR -472,961.00
Other taxes / refund of taxes EUR -2,126.82
Tax (+/-) EUR -475,087.82
Annual surplus / annual deficit EUR 1,050,466.62
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 67.76 |
|
|
1 |
INR 89.95 |
|
Euro |
1 |
INR 78.85 |
|
Euro |
1 |
INR 79.18 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
SUJ |
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.