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MIRA
INFORM REPORT
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Report No. : |
507737 |
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Report Date : |
14.05.2018 |
IDENTIFICATION DETAILS
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Name : |
CSN CARL SCHREIBER GMBH |
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Registered Office : |
Kölner Str. 56, D 57290 Neunkirchen Post
Box:, 15 40, D 57276 Neunkirchen |
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Country : |
Germany |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
19.02.2014 |
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Com. Reg. No.: |
HRB 10484 |
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Legal Form : |
Private limited company |
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Line of Business : |
·
Manufacture of other plastic products ·
Manufacture of pressings, deep-drawn
parts and stamping ·
Manufacture of metal products n.e.c ·
Wholesale of non-ferrous ores, metals and metal
semi-finished goods |
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No. of Employees : |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
D |
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Credit Rating |
Explanation |
Rating Comments |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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Status : |
Insolvent |
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Payment Behaviour : |
-- |
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Litigation : |
-- |
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 Anda address
Report on: CSN Carl Schreiber GmbH
Company Status: insolvent since: 09.01.2017
Kölner Str. 56
D 57290 Neunkirchen
Post Box:
15 40, D 57276 Neunkirchen
Telephone:02735/7690
Telefax:
02735/76923
Homepage: www.csnmetals.de
E-mail:
info@csnmetals.de
CONCLUSION
Business relations on credit basis are not
permissible.
Compnay
summery
LEGAL FORM Private limited company
Date of foundation: 19.02.2014
Shareholders'
agreement: 19.02.2014
Registered on: 29.09.2014
Commercial Register: Local court 57072 Siegen
under: HRB 10484
Share capital: EUR 25,000.00
Shareholder:
CSN Holding GmbH
Bavariaring 18
D 80336 München
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered on: 24.02.2014
Reg. data: 80333 München,
HRB 210400
Manager:
Andreas Elsässer
D 82166 Gräfelfing
having sole power of
representation
born: 17.05.1972
Profession: Solicitor
Marital status: unknown
Manager:
Joseph Meseha
D 57290 Neunkirchen
having sole power of
representation
born: 03.09.1972
Nationality: USA
Marital status: unknown
Further functions/participations of Andreas
Elsässer (Manager)
Shareholder:
4xE GmbH
Eduard-Pfeiffer-Str. 75b
D 70192 Stuttgart
Legal form: Private
limited company
Share capital: EUR 25,200.00
Share: EUR 12,600.00
Registered
on: 04.09.2012
Reg. data:
70190 Stuttgart, HRB 742369
Shareholder:
ATP 2
Beteiligungsgesellschaft mbH
Galgenberg 56
D 71334 Waiblingen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 16.08.2012
Reg. data: 70190 Stuttgart, HRB 742182
Manager:
Elsässer Restrukturierung
GmbH
Aubinger Str. 21
D 82166 Gräfelfing
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 07.05.2018
Reg. data: 80333 München, HRB 240767
Manager:
4xE GmbH
Eduard-Pfeiffer-Str. 75b
D 70192 Stuttgart
Legal form: Private
limited company
Share capital: EUR 25,200.00
Registered
on: 04.09.2012
Reg. data:
70190 Stuttgart, HRB 742369
Manager:
PEX Verwaltungs GmbH
Ferdinand-Porsche-Str. 10
D 71154 Nufringen
Legal form: Private
limited company
Share capital: EUR 27,000.00
Registered
on: 25.03.2002
Reg. data: 70190 Stuttgart, HRB 245372
Manager:
ECOPLANT Management GmbH
Härtlesäckerstr. 5
D 71336 Waiblingen
Legal form: Private
limited company
insolvent
Share capital: EUR 100,000.00
Registered
on: 22.06.2005
Reg. data: 70190 Stuttgart, HRB 265010
Manager:
Schletter
Unternehmensverwaltungs GmbH
Alustr. 1
D 83527 Kirchdorf
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 04.04.2011
Reg. data: 83278 Traunstein, HRB 20936
Manager:
Schletter GmbH
Alustr. 1
D 83527 Kirchdorf
Legal form: Private
limited company
insolvent
Share capital: EUR 1,000,001.00
Registered
on: 18.04.1984
Reg. data: 83278 Traunstein, HRB 3899
Manager:
ATP 2
Beteiligungsgesellschaft mbH
Galgenberg 56
D 71334 Waiblingen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 16.08.2012
Reg. data: 70190 Stuttgart, HRB 742182
Manager:
PEX Immobilien
Beteiligungs GmbH
Reinsburgstr. 27
D 70178 Stuttgart
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 21.06.2007
Reg. data: 70190 Stuttgart, HRB 245474
Member of the Board of Directors:
Biogas
Abwicklungsgesellschaft AG
Hugo-Schrott-Str. 6
D 88279 Amtzell
Post Box:
1152, D 88277 Amtzell
Legal form: Public limited company insolvent
Share capital: EUR 2,032,722.00
Registered
on: 29.12.2005
Reg. data: 89073 Ulm, HRB 621140
Liquidator:
Hohenheim Verlag GmbH
Paulinenstr. 41
D 70178 Stuttgart
Legal form: Private
limited company in
liquidation
Share capital: EUR 25,000.00
Registered
on: 19.07.2000
Reg. data: 70190 Stuttgart, HRB 21110
Further functions/participations of Joseph
Meseha (Manager)
Shareholder:
Buntmetall Schreiber GmbH
Kölner Str. 56
D 57290 Neunkirchen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 27.02.2018
Reg. data: 57072 Siegen, HRB 11518
Shareholder:
CSN Holding GmbH
Bavariaring 18
D 80336 München
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 1,250.00
Registered
on: 24.02.2014
Reg. data: 80333 München, HRB 210400
Manager:
Buntmetall Schreiber GmbH
Kölner Str. 56
D 57290 Neunkirchen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 27.02.2018
Reg. data: 57072 Siegen, HRB 11518
COMPANY
HISTORY
company name and legal form
26.05.2014 - 29.09.2014 Endurance 03 Beteiligungs GmbH
Bavariaring 18
D 80336 München
Private limited
company
25.04.2014 - 26.05.2014 EAE GmbH
Kornkamp 8
D 22926 Ahrensburg
Private limited
company
24.02.2014 - 25.04.2014 Blitz 14-28 GmbH
Theresienhöhe 30
D 80339 München
Private limited
company
RESIGNED
ACTING PERSONS AND SHAREHOLDERS
15.10.2014 - 03.06.2016 Manager
Dr. Walter Franz
Wilhelm Stute-Schlamme
Hirschweg 34
D 33335 Gütersloh
BUSINESS ACTIVITIES
Main industrial sector
22290
Manufacture of other plastic products
25504
Manufacture of pressings, deep-drawn parts and stamping
25993
Manufacture of metal products n.e.c.
46722
Wholesale of non-ferrous ores, metals and metal semi-finished goods
FINANCIAL INFORMATION
Payment experience: --
Negative information:Negative information is
known to us.
Balance sheet year: 2014
REAL
ESTATE
Type of ownership: Tenant
Address Kölner Str. 56
D 57290 Neunkirchen
Real Estate of: CSN Holding GmbH
Type of ownership: Tenant
Address Bavariaring 18
D 80336 München
Land
register documents were not available.
BANKERS
SPARKASSE SIEGEN, 57009 SIEGEN
Sort. code: 46050001
BIC: WELADED1SIE
FINANCIAL FIGURES
The
number of employees is not known.
BALANCE
SHEETS
Balance sheet ratios 19.02.2014 - 31.12.2014
Equity ratio [%]: 33.45
Liquidity ratio: 0.22
Return on total capital [%]: -9.12
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.
Financials
Type of balance
sheet: Company balance sheet
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 19.02.2014 - 31.12.2014
ASSETS EUR 7,036,271.60
Fixed assets
EUR 1,625,161.27
Intangible assets
EUR 102,722.00
Tangible assets
EUR 1,522,439.27
Current assets EUR 5,411,110.33
Stocks
EUR 3,808,126.34
Accounts receivable
EUR 776,209.89
Liquid means
EUR 826,774.10
LIABILITIES EUR 7,036,271.60
Shareholders' equity
EUR 387,738.34
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Reserves
EUR 1,000,000.00
Capital reserves
EUR 1,000,000.00
Balance sheet profit/loss (+/-)
EUR -637,261.66
Annual surplus / annual deficit
EUR -637,261.66
Provisions
EUR 256,940.00
Liabilities
EUR 6,391,506.26
thereof total due to shareholders
EUR 2,000,000.00
Other liabilities EUR 87.00
Deferrals (liabilities)
EUR 87.00
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 67.22 |
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1 |
INR 90.88 |
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Euro |
1 |
INR 80.99 |
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Euro |
1 |
INR 80.93 |
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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NIS |
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Report Prepared
by : |
KET |
RATING EXPLANATIONS
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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 |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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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.