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MIRA
INFORM REPORT
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Report No. : |
499558 |
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Report Date : |
22.03.2018 |
IDENTIFICATION DETAILS
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Name : |
OTTO STADTLANDER GMBH |
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Registered Office : |
Marcusallee 3 D 28359 Bremen |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
01.10.1919 |
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Com. Reg. No.: |
HRB 8393 HB |
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Legal Form : |
Private limited company |
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Line of Business : |
·
Non-specialized wholesale of
raw materials and half-finished and finished goods |
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No. of Employees : |
27 |
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 : |
Satisfactory |
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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
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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 and address
Otto Stadtlander GmbH
Marcusallee 3
D 28359 Bremen
Telephone:0421/20420
Telefax: 0421/2042200
Homepage: www.osta.de
E-mail: info@osta.de
Company
Status
Active
VAT no.
DE175270543
Tax ID
number
60 130 01020
CONCLUSION
Business relations are
permissible.
Company
summery
LEGAL FORM Private
limited company
Date of foundation: 01.10.1919
Shareholders'
agreement: 30.09.1980
Registered on: 28.10.1980
Commercial Register: Local court 28195 Bremen
under: HRB
8393 HB
Share capital: EUR 2,500,000.00
Shareholder:
Jörg Bucherer
Heckenriedstr. 12
CH 6045 Meggen
born: 07.06.1936
Share: EUR 1,150,000.00
Shareholder:
Chelsea Finance Limited
No. Seaton Plance
JE JE 48 St. Helier
Legal form: Other legal
form
Share: EUR 450,000.00
Shareholder:
SPARTA INVESTMENT HOLDING
Société anonyme, rue
Robert St
ümper
L 2557 Luxembourg
Legal form: Other legal
form
Share: EUR 350,000.00
Shareholder:
Rainer Hammer
Moorkämpe 7
D 27283 Verden
born: 06.10.1946
Share: EUR 300,000.00
Shareholder:
Ludwig Schröder Handels-
und
Verwaltungsgesellschaft mbH & Co.
KG
Kalkstr. 2
D 28195 Bremen
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR 670,000.00
contribution:
Share: EUR 250,000.00
Registered on: 30.11.1920
Reg. data: 28195 Bremen,
HRA 11669 HB
Manager:
Rainer Hammer
Moorkämpe 7
D 27283 Verden
having sole power of
representation
born: 06.10.1946
Profession: Businessman
Marital status: married
Manager:
Stephanie Silber
D 28777 Bremen
born: 21.08.1979
Manager:
Henning Hammer
D 27283 Verden
authorized to jointly
represent the company
born: 30.08.1975
Proxy:
Constantin Meyer
D 28359 Bremen
authorized to jointly
represent the company
born: 12.06.1974
Proxy:
Marina Bude
D 28359 Bremen
authorized to jointly
represent the company
born: 09.08.1957
Proxy:
Tomas Ksionzek
D 28359 Bremen
authorized to jointly
represent the company
born: 11.06.1975
Proxy:
Silvia Heinken
D 28359 Bremen
authorized to jointly represent the company
born: 13.05.1959
Proxy:
Malvina Leonidowna Rydin
D 28359 Bremen
authorized to jointly
represent the company
born: 09.04.1980
Further functions/participations of Stephanie
Silber (Manager)
Proxy:
Cetex-Rheinfaser GmbH
Handelsstr. 1
D 27777 Ganderkesee
Post Box:
1562
Legal form: Private
limited company
Share capital: EUR 520,000.00
Registered
on: 28.04.1986
Reg. data: 26135 Oldenburg, HRB 140209
Further functions/participations of Henning
Hammer (Manager)
President of the Board of Directors:
Bremer Baumwollbörse
Wachtstr. 17-24
D 28195 Bremen
Post Box:
10 67 27, D 28067 Bremen
Legal form: Association
granted by the
government
Reg. data: 28195 Bremen,
COMPANY
HISTORY
company name and legal form
28.10.1980 - 04.04.1995 Stahel Bremen GmbH
Marcusallee 3
D 28359 Bremen
Private limited
company
BUSINESS
ACTIVITIES
Main industrial sector
46760 Wholesale of other intermediate goods
46901 Non-specialized wholesale of raw materials
and half-finished and finished goods
PARTICIPATIONS
Shareholder:
Cetex-Rheinfaser GmbH
Handelsstr. 1
D 27777 Ganderkesee
Post Box:
1562
Legal form: Private
limited company
Company Status: active
Share capital: EUR 520,000.00
Share: EUR 520,000.00
Reg. data: 28.04.1986
Local court
26135 Oldenburg
HRB 140209
Shareholder:
Multi-Fiber Handels GmbH
Marcusallee 3
D 28359 Bremen
Post Box:
10 53 03
Legal form: Private
limited company
Company Status: active
Share capital: EUR 100,000.00
Share: EUR 100,000.00
Reg. data: 16.08.1988
Local court
28195 Bremen
HRB 12074 HB
FINANCIAL
INFORMATION
Payment experience: Slow but Correct
Negative information: We have no negative information at hand.
Balance sheet year: 2016
REAL
ESTATE
Type of ownership: proprietor
Share: 100.00 %
Address Marcusallee
3
D 28359 Bremen
Value at selling price: EUR 2,500,000.00
Land register documents were not available.
BANKERS
COMMERZBANK VORMALS BREMER BANK (DRESDNER BANK),
28079 BREMEN
Sort. code: 29080010
BIC: DRESDEFF290
DZ BANK, 20045 HAMBURG
Sort. code: 20060000
BIC: GENODEFF200
SPARKASSE BREMEN, 28078 BREMEN
Sort. code: 29050101
BIC: SBREDE22XXX
FINANCIAL FIGURES
Turnover: 2016 EUR 158,549,866.00
2017 EUR 130,000,000.00
Profit: 2016 EUR 1,918,457.00
further business figures:
Equipment: EUR 86,905.00
Ac/ts receivable: EUR 17,062,451.00
Liabilities: EUR 51,583,160.00
Real estate of the
firm: EUR 2,500,000.00
Total numbers of
vehicles: 2
Employees:
27
- Part-time employees: 8
- Trainees:
3
BALANCE SHEETS
Balance sheet ratios 01.01.2016 - 31.12.2016
Equity ratio [%]: 29.57
Liquidity ratio: 0.30
Return on total capital [%]: 2.45
Balance sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]: 29.55
Liquidity ratio: 0.33
Return on total capital [%]: 3.08
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 28.70
Liquidity ratio: 0.35
Return on total capital [%]: -1.77
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 37.82
Liquidity ratio: 0.41
Return on total capital [%]: 5.14
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 78,256,497.10
Fixed assets EUR 11,877,595.00
Intangible assets EUR 3,424.00
Concessions, licences,
rights EUR 3,424.00
Tangible assets EUR 865,171.00
Land / similar
rights EUR 790,003.00
Other tangible assets /
fixtures and
fittings EUR 75,168.00
Financial assets EUR 11,009,000.00
Shares in participations
/
subsidiaries and the
like EUR 11,001,000.00
Shares in related
companies EUR 11,001,000.00
Other loans EUR 8,000.00
Current assets EUR 66,359,401.86
Stocks EUR 50,207,909.49
Finished goods / work in
progress EUR 36,044,254.60
Advance payments
made EUR 14,163,654.89
Accounts receivable EUR 16,130,459.10
Trade debtors EUR 14,287,004.27
Amounts due from related
companies EUR 13,323.24
Other debtors and
assets EUR 1,830,131.59
Liquid means EUR 21,033.27
Remaining other
assets EUR 19,500.24
Accruals (assets) EUR 19,500.24
LIABILITIES EUR 78,256,497.10
Shareholders' equity EUR 23,143,223.82
Capital EUR 2,500,000.00
Subscribed capital
(share capital) EUR 2,500,000.00
Balance sheet profit/loss
(+/-) EUR 20,643,223.82
Profit / loss brought
forward EUR 18,724,767.08
Annual surplus / annual
deficit EUR 1,918,456.74
Provisions EUR 1,051,294.00
Pension provisions and
comparable
provisions EUR 43,200.00
Provisions for taxes EUR 55,000.00
Other / unspecified
provisions EUR 953,094.00
Liabilities EUR 54,051,846.31
Financial debts EUR 46,588,005.96
Liabilities due to
banks EUR 46,588,005.96
Other liabilities EUR 7,463,840.35
Trade creditors (for IAS
incl. bills
of exchange) EUR 6,579,008.30
Liabililties due to
related companiesEUR
3,770.18
Unspecified other
liabilities EUR 881,061.87
Other liabilities EUR 10,132.97
Deferrals
(liabilities) EUR 10,132.97
PROFIT AND LOSS ACCOUNT
(cost-summary method) according to Comm.
Code (HGB)
Sales EUR 158,549,865.94
Other operating
income EUR 155,412.97
Cost of materials EUR 152,111,148.92
Raw materials and
supplies, purchased
goods EUR 152,111,148.92
Gross result (+/-) EUR 6,594,129.99
Staff expenses EUR 2,424,138.52
Wages and salaries EUR 2,221,307.33
Social security
contributions and
expenses for pension
plans and
benefits EUR 202,831.19
Total depreciation EUR 63,829.29
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 63,829.29
Other operating
expenses EUR 1,702,659.46
Operating result from
continuing
operations EUR 2,403,502.72
Result from participating
interests
(+/-) EUR 1,021,640.71
Expenses / income from
participations EUR 1,021,640.71
Income from related
companies EUR 1,021,640.71
Interest result (+/-) EUR -1,199,437.02
Interest and similar
income EUR 46,402.33
Interest and similar
expenses EUR 1,245,839.35
Other financial
result EUR 119.00
Income from securities
and loans from
financial assets EUR 119.00
Financial result
(+/-) EUR -177,677.31
Result from ordinary
operations (+/-) EUR 2,225,825.41
Income tax / refund of
income tax (+/-)EUR -300,949.14
Other taxes / refund of
taxes EUR -6,419.53
Tax (+/-) EUR -307,368.67
Annual surplus / annual
deficit EUR 1,918,456.74
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 75,365,241.69
Fixed assets EUR 11,928,555.00
Intangible assets EUR 9,242.00
Concessions, licences,
rights EUR 9,242.00
Tangible assets EUR 906,213.00
Land / similar
rights EUR 819,308.00
Other tangible assets /
fixtures and
fittings EUR 86,905.00
Financial assets EUR 11,013,100.00
Shares in participations
/
subsidiaries and the
like EUR 11,001,000.00
Shares in related
companies EUR 11,001,000.00
Other loans EUR 12,100.00
Current assets EUR 63,419,178.51
Stocks EUR 46,339,748.33
Finished goods / work in
progress EUR 35,725,858.21
Advance payments
made EUR 10,613,890.12
Accounts receivable EUR 17,062,450.52
Trade debtors EUR 13,025,717.95
Amounts due from related
companies EUR 28,600.00
Other debtors and
assets EUR 4,008,132.57
Liquid means EUR 16,979.66
Remaining other
assets EUR 17,508.18
Accruals (assets) EUR 17,508.18
LIABILITIES EUR 75,365,241.69
Shareholders' equity EUR 22,270,267.08
Capital EUR 2,500,000.00
Subscribed capital
(share capital) EUR 2,500,000.00
Balance sheet profit/loss
(+/-) EUR 19,770,267.08
Profit / loss brought
forward EUR 17,450,191.36
Annual surplus / annual
deficit EUR 2,320,075.72
Provisions EUR 1,503,565.00
Pension provisions and
comparable
provisions EUR 58,495.00
Other / unspecified
provisions EUR 1,445,070.00
Liabilities EUR 51,583,159.94
Financial debts EUR 46,757,267.40
Liabilities due to banks EUR 46,757,267.40
Other liabilities EUR 4,825,892.54
Trade creditors (for IAS
incl. bills
of exchange) EUR 4,413,135.97
Liabililties due to
related companiesEUR
3,783.70
Unspecified other
liabilities EUR 408,972.87
thereof liabilities
from tax /
financial
authorities EUR 30,611.33
thereof liabilities
from social
security EUR 5,043.57
Other liabilities EUR 8,249.67
Deferrals
(liabilities) EUR 8,249.67
PROFIT AND LOSS ACCOUNT
(cost-summary method) according to Comm.
Code (HGB)
Sales EUR 129,840,421.32
Other operating
income EUR 777,422.77
Cost of materials EUR 119,418,195.08
Raw materials and
supplies, purchased
goods EUR 119,418,195.08
Gross result (+/-) EUR 11,199,649.01
Staff expenses EUR 2,373,091.61
Wages and salaries EUR 2,131,143.66
Social security contributions and
expenses for pension
plans and
benefits EUR 241,947.95
Total depreciation EUR 66,556.72
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 66,556.72
Other operating
expenses EUR 6,390,054.21
Operating result from
continuing
operations EUR 2,369,946.47
Result from participating
interests
(+/-) EUR 1,090,107.34
Expenses / income from
participations EUR 1,090,107.34
Income from related
companies EUR 1,090,107.34
Interest result (+/-) EUR -1,029,522.81
Interest and similar
income EUR 35,755.97
Interest and similar
expenses EUR 1,065,278.78
Financial result
(+/-) EUR 60,584.53
Result from ordinary
operations (+/-) EUR 2,430,531.00
Income tax / refund of
income tax (+/-)EUR -106,402.58
Other taxes / refund of
taxes EUR -4,052.70
Tax (+/-) EUR -110,455.28
Annual surplus / annual
deficit EUR 2,320,075.72
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.22 |
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|
1 |
INR 91.33 |
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Euro |
1 |
INR 79.96 |
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Euro |
1 |
INR 80.22 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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NIY |
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Report Prepared
by : |
TRU |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the business
is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.