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MIRA
INFORM REPORT
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Report No. : |
510118 |
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Report Date : |
19.05.2018 |
IDENTIFICATION DETAILS
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Name : |
BENTELER STEEL/TUBE GMBH |
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Registered Office : |
Residenzstr. 1 D 33104
Paderborn Post Box:13 40, D 33043 Paderborn |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
27.04.2009 |
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Com. Reg. No.: |
HRB 9942 |
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Legal Form : |
Private limited company |
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Line of Business : |
·
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 : |
4,137 |
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+ |
Low Risk |
Business dealings permissible with low
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 and address
Benteler Steel/Tube GmbH
Residenzstr. 1
D 33104 Paderborn
Post Box: 13 40, D 33043
Paderborn
Telephone:05254/810
Telefax: 05254/13666
Homepage: www.benteler.com
E-mail: sales.steeltube@benteler.de
Company
Status
Active
VAT no.
DE815176963
CONCLUSION
Business relations are permissible.
Company
summery
LEGAL FORM Private
limited company
Date of foundation: 27.04.2009
Begin of business
activities: 27.04.2009
Shareholders'
agreement: 27.04.2009
Registered on: 19.11.2010
Commercial Register: Local court 33098 Paderborn
under: HRB
9942
Share capital: EUR 40,000,000.00
Shareholder:
BENTELER Business
Services GmbH
Residenzstr. 1
D 33104 Paderborn
Post Box:
13 40, D 33043 Paderborn
Legal form: Private
limited company
Share capital: EUR
120,000,000.00
Share: EUR 40,000,000.00
Registered on: 03.09.2010
Reg. data: 33098
Paderborn, HRB 9859
Control and profit
transfer agreement
Manager:
Andre Sombecki
D 33602 Bielefeld
born: 25.07.1969
Profession: Businessman
Manager:
Christian Wiethüchter
D 33609 Bielefeld
born: 27.12.1968
Nationality: USA
President of the Supervisory Board:
Boris Gleißner
A Seekirchen
Nationality: Austrian
Marital status: unknown
Vice-president of the Supervisory Board:
Heinz Pfeffer
Im Markgrund 6
D 49078 Osnabrück
Member of the Supervisory Board:
Dr. Arthur Oliver Jaunich
D 40213 Düsseldorf
born: 30.06.1978
Marital status: single
Member of the Supervisory Board:
Guido Huppertz
Residenzstr. 1
D 33104 Paderborn
born: 28.05.1968
Member of the Supervisory Board:
Hubertus Benteler
D 33098 Paderborn
Member of the Supervisory Board:
Carmelo Zanghi
D 33106 Paderborn
Marital status: unknown
Member of the Supervisory Board:
Edwin Borek
D 33104 Paderborn
Marital status: unknown
Member of the Supervisory Board:
Isabel Diaz Rohr
D 33104 Paderborn
Marital status: unknown
Member of the Supervisory Board:
Gisbert Tinnefeld
D 33104 Paderborn
Marital status: unknown
Member of the Supervisory Board:
Dr. Michael Koch
D 45549 Sprockhövel
born: 01.08.1965
Marital status: unknown
Proxy:
Annette Brüseke
D 33100 Paderborn
authorized to jointly
represent the company
born: 20.03.1969
Profession: Solicitor
Proxy:
Frank Brinkschröder
Leipziger Str. 8
D 33129 Delbrück
authorized to jointly
represent the company
born: 03.05.1958
Proxy:
Stefan Künecke
Greitelerweg 79
D 33102 Paderborn
authorized to jointly
represent the company
born: 25.01.1974
Proxy:
Franz Josef Wüschem
Antoniusstr. 30b
D 33106 Paderborn
authorized to jointly represent the
company
born: 29.04.1959
Proxy:
Werner Finke
Buchenweg 4
D 33181 Bad Wünnenberg
authorized to jointly represent
the company
born: 31.01.1973
Proxy:
Frank Krämer
D 33098 Paderborn
authorized to jointly
represent the company
born: 02.10.1962
Proxy:
Tobias Wiedeking
D 33104 Paderborn
authorized to jointly
represent the company
born: 21.08.1982
Proxy:
Andreas Laarmann
D 33104 Paderborn
authorized to jointly
represent the company
born: 15.07.1972
Proxy:
Wilbert Bosch
NL Eindhoven
authorized to jointly
represent the company
born: 19.05.1967
Nationality: Dutch
Proxy:
Dr. Michael Koch
D 45549 Sprockhövel
authorized to jointly
represent the company
born: 01.08.1965
Marital status: unknown
Proxy:
Dr. Thorsten Andres
D 33104 Paderborn
authorized to jointly
represent the company
born: 16.06.1973
Proxy:
Ingemar Wohlert
D 33161 Hövelhof
authorized to jointly
represent the company
born: 17.03.1981
Further functions/participations of Andre
Sombecki (Manager)
Member of the Board of Management:
BENTELER Business
Services GmbH
Residenzstr. 1
D 33104 Paderborn
Post Box:
13 40, D 33043 Paderborn
Legal form: Private
limited company
Share capital: EUR
120,000,000.00
Registered
on: 03.09.2010
Reg. data: 33098 Paderborn, HRB 9859
COMPANY
HISTORY
company name and legal form
12.08.2009 - 14.04.2010 Johanna 127 Vermögensverwaltungs GmbH
Johanna-Kinkel-Str.
2-4
D 53175 Bonn
Private limited
company
RESIGNED
ACTING PERSONS AND SHAREHOLDERS
26.02.2013 - 28.03.2018 Manager
Dr. Andreas Daniel
Hauger
D 57439 Attendorn
27.04.2010 - 16.11.2016 Manager
Matthias Jäger
Jakobstr. 18a
D 33129 Delbrück
08.07.2015 - 16.12.2015 President of the Supervisory Board
Dr. Peter Laier
D 82234 Weßling
06.02.2012 - 20.07.2015 Manager
Dr. Meike Schäffler
D 32257 Bünde
BUSINESS
ACTIVITIES
Main industrial sector
2511
Manufacture of metal structures and parts of structures
25993 Manufacture of metal products n.e.c.
46722 Wholesale of non-ferrous ores, metals and
metal semi-finished goods
70109 Other activities of head offices
BRANCHES
AND FACTORIES
Works:
Benteler Steel/Tube GmbH
Niederdarmer Str. 5
D 49811 Lingen
TEL.: 0591/800040
FAX.: 0591/800042460
Works:
Benteler Steel/Tube GmbH
Marienloher Str. 1
D 33104 Paderborn
TEL.: 05254/81201868
Works:
Benteler Steel/Tube GmbH
Luisenstr. 117
D 46537 Dinslaken
TEL.: 02064/6230
PARTICIPATIONS
Shareholder:
Rohstoff-Handelsgesellschaft
Günther Voth
GmbH
An der Talle 27-31
D 33102 Paderborn
Legal form: Private
limited company
Company Status: active
Share capital: EUR 2,100,000.00
Share: EUR 1,312,500.00
Reg. data: 06.06.1970
Local court
33098 Paderborn
HRB 181
FINANCIAL
INFORMATION
Payment experience: Regular
Negative information: We have no negative information at hand.
Balance sheet year: 2016
REAL
ESTATE
Type of ownership: Tenant
Address Residenzstr.
1
D
33104 Paderborn
Real Estate of: BENTELER
Business Services GmbH
Type of ownership: Tenant
Address Residenzstr.
1
D 33104 Paderborn
Land register documents were not available.
BANKERS
COMMERZBANK, 40002 DÜSSELDORF
Sort. code: 30040000
BIC: COBADEDDXXX
FINANCIAL FIGURES
Turnover: 2016 EUR 703,304,421.00
Profit: 2016 EUR 3,465,116.00
Equipment: EUR
32,462,189.00
Ac/ts receivable: EUR 79,065,032.00
Liabilities: EUR 65,459,628.00
Real estate of the
firm: EUR 51,458,353.00
Employees: 4,137
- Trainees:
386
Control and profit transfer agreement to:
BENTELER Business
Services GmbH
Residenzstr. 1
D 33104 Paderborn
Post Box:
13 40, D 33043 Paderborn
BALANCE SHEETS
Balance sheet ratios
01.01.2016 - 31.12.2016
Equity ratio [%]: 57.02
Liquidity ratio: 0.82
Return on total capital
[%]: 0.87
Balance sheet ratios
01.01.2015 - 31.12.2015
Equity ratio [%]: 61.63
Liquidity ratio: 0.71
Return on total capital
[%]: 2.22
Balance sheet ratios
01.01.2014 - 31.12.2014
Equity ratio [%]: 58.44
Liquidity ratio: 10.00
Return on total capital
[%]: 18,607.
02
Balance sheet ratios
01.01.2013 - 31.12.2013
Equity ratio [%]: 33.41
Liquidity ratio: 10.00
Return on total capital
[%]: 22,513.
99
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
425,616,537.78
Fixed assets EUR 275,661,139.81
Intangible assets EUR 2,157,807.25
Internally generated industrial
property rights and similar rights
and assets EUR 835,128.93
Concessions, licences, rights EUR 1,013,188.94
Advance payments for intang. assets EUR
309,489.38
Tangible assets EUR 266,093,329.46
Land / similar rights EUR 52,067,349.41
Plant / machinery EUR 173,024,894.48
Other tangible assets / fixtures and
fittings EUR 32,462,189.48
Advance payments made / construction
in progress EUR 8,538,896.09
Financial assets EUR 7,410,003.10
Shares in participations /
subsidiaries and the like EUR 7,354,523.13
Shares in related companies EUR 7,354,523.13
Other loans EUR 55,479.97
Current assets EUR 149,665,097.30
Stocks EUR 70,557,473.21
Raw materials, consumables and
supplies EUR 24,523,189.29
Finished goods / work in progress EUR
46,034,283.92
Accounts receivable EUR 79,065,032.02
Amounts due from shareholders EUR 25,225,815.17
Trade debtors EUR 27,815,416.36
Amounts due from related companies EUR
13,823,334.71
Amounts due from investee companies EUR
546,418.10
Other debtors and assets EUR 11,654,047.68
Liquid means EUR 42,592.07
Remaining other assets EUR 290,300.67
Accruals (assets) EUR 290,300.67
LIABILITIES EUR 425,616,537.78
Shareholders' equity EUR 253,013,767.88
Capital EUR 40,000,000.00
Subscribed capital (share capital) EUR
40,000,000.00
Reserves EUR 213,013,767.88
Capital reserves EUR 213,013,767.88
Items between shareholders' equity and
debt capital EUR 926,505.27
Special items with reserve funds EUR 926,505.27
Provisions EUR 106,216,636.41
Pension provisions and comparable
provisions EUR 59,942,304.36
Other / unspecified provisions EUR 46,274,332.05
Liabilities EUR 65,459,628.22
Other liabilities EUR 65,459,628.22
Trade creditors (for IAS incl. bills
of exchange) EUR 41,848,410.32
Liabilities from received advance
payments EUR 149,587.39
Liabilities due to shareholders EUR 64,573.22
Liabililties due to related companiesEUR 11,916,681.34
Unspecified other liabilities EUR 11,480,375.95
PROFIT AND LOSS ACCOUNT (cost of sales method)
according to Comm.
Code (HGB)
Sales EUR 703,304,420.60
Manufacturing costs EUR 607,571,411.50
Gross result on sales EUR 95,733,009.10
Distribution costs EUR 58,780,572.08
General administration expenses EUR 19,727,917.23
Research and development costs EUR 7,969,776.49
Other operating income EUR 3,777,363.82
Other operating expenses EUR 7,846,847.71
Operating result from continuing
operations EUR 5,185,259.41
Result from participating interests
(+/-) EUR 1,642,658.54
Expenses / income from participations
EUR 1,642,658.54
Income from related companies EUR
1,642,658.54
Interest result (+/-) EUR -2,927,080.85
Interest and similar income EUR 34,727.87
Interest and similar expenses EUR 2,961,808.72
Financial result (+/-) EUR -1,284,422.31
Result from ordinary operations (+/-) EUR
3,900,837.10
Expenses for transfer of profits to a
parent company EUR 3,465,115.51
Other taxes / refund of taxes EUR
-435,721.59
Tax (+/-) EUR -435,721.59
Annual surplus / annual deficit EUR 0.00
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 402,041,202.32
Fixed assets EUR 284,486,135.80
Intangible assets EUR 3,353,246.88
Internally generated industrial
property rights and similar rights
and assets EUR 1,361,486.98
Concessions, licences, rights EUR 1,719,026.55
Advance payments for intang. assets EUR
272,733.35
Tangible assets EUR 273,714,237.57
Land / similar rights EUR 51,458,353.03
Plant / machinery EUR 181,943,625.59
Other tangible assets / fixtures and
fittings EUR 33,982,597.22
Advance payments made / construction
in progress EUR 6,329,661.73
Financial assets EUR 7,418,651.35
Shares in participations /
subsidiaries and the like EUR 7,354,523.13
Shares in related companies EUR 7,354,523.13
Other loans EUR 64,128.22
Current assets EUR 117,306,046.42
Stocks EUR 64,066,088.96
Raw materials, consumables and
supplies EUR 21,787,509.98
Finished goods / work in progress EUR
43,029,882.50
Minus received advance payments for
orders / installments for stocks EUR -751,303.52
Accounts receivable EUR 53,205,812.77
Amounts due from shareholders EUR 15,182,554.60
Trade debtors EUR 15,122,129.14
Amounts due from related companies EUR
12,883,742.10
Amounts due from investee companies EUR
337,528.68
Other debtors and assets EUR 9,679,858.25
Liquid means EUR 34,144.69
Remaining other assets EUR 249,020.10
Accruals (assets) EUR 249,020.10
LIABILITIES EUR 402,041,202.32
Shareholders' equity EUR 253,013,767.88
Capital EUR 40,000,000.00
Subscribed capital (share capital) EUR
40,000,000.00
Reserves EUR 213,013,767.88
Capital reserves EUR 213,013,767.88
Items between shareholders' equity and
debt capital EUR 945,975.51
Special items with reserve funds EUR 945,975.51
Provisions EUR 94,274,309.24
Pension provisions and comparable
provisions EUR 60,564,712.12
Other / unspecified provisions EUR 33,709,597.12
Liabilities EUR 53,806,382.77
Other liabilities EUR 53,806,382.77
Trade creditors (for IAS incl. bills
of exchange) EUR
38,576,178.88
Liabilities due to shareholders EUR 104,178.22
Liabililties due to related
companiesEUR 2,649,070.82
Unspecified other liabilities EUR 12,476,954.85
Other liabilities EUR 766.92
Deferrals (liabilities) EUR 766.92
PROFIT AND LOSS ACCOUNT (cost of sales method)
according to Comm.
Code (HGB)
Sales EUR 684,847,867.25
Manufacturing costs EUR 587,045,944.95
Gross result on sales EUR 97,801,922.30
Distribution costs EUR 60,793,984.78
General administration expenses EUR 16,560,394.91
Research and development costs EUR 6,663,331.36
Other operating income EUR 9,758,463.06
Other operating expenses EUR 6,449,032.29
Operating result from continuing
operations EUR 17,093,642.02
Result from participating interests
(+/-) EUR 1,750,000.00
Expenses / income from participations
EUR 1,750,000.00
Income from related companies EUR 1,750,000.00
Interest result (+/-) EUR -10,237,073.13
Interest and similar income EUR 45,247.52
Interest and similar expenses EUR 10,282,320.65
Financial result (+/-) EUR -8,487,073.13
Result from ordinary operations (+/-) EUR
8,606,568.89
Extraordinary expenses EUR 811,318.00
Extraordinary result (+/-) EUR -811,318.00
Expenses for transfer of profits to a
parent company EUR 7,795,250.89
Annual surplus / annual deficit EUR 0.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 67.96 |
|
|
1 |
INR 91.88 |
|
Euro |
1 |
INR 80.28 |
|
Euro |
1 |
INR 80.16 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VIV |
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Report Prepared
by : |
TRU |
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.