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MIRA INFORM REPORT
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Report No. : |
512615 |
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Report Date : |
31.05.2018 |
IDENTIFICATION DETAILS
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Name : |
RIVA STAHL GMBH |
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Registered Office : |
Wolfgang-Küntscher-Str.
18, D 16761 Hennigsdorf, Post Box:10 01 45, D 16748 |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
12.11.1991 |
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Com. Reg. No.: |
HRB 4567 NP |
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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 ·
Management of holding companies |
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No. of Employees : |
12 |
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 : |
No Complaints |
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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
Report
on: Riva Stahl GmbH
Company
Status: active
Wolfgang-Küntscher-Str.
18
D
16761 Hennigsdorf
Post
Box:
10
01 45, D 16748
Telephone:03302/8060
Telefax: 03302/806237
Homepage:
www.rivafe.com/germany
E-mail: direktion.hes@rivagroup.com
VAT
no.: DE138511161
Tax
ID number: 053/117/00962
Company
Summery
LEGAL
FORM Private limited company
Date
of foundation: 12.11.1991
Shareholders'
agreement: 12.11.1991
Registered
on: 13.07.1998
Commercial
Register: Local court 16816 Neuruppin
under: HRB 4567 NP
Share
capital:
EUR 25,820,240.00
Shareholder:
Stahlbeteiligungen Holding
S.A.
17 Rue de la Chapelle
L 1325 Luxemburg
Legal form: Other legal
form
Share: EUR 19,365,180.00
Shareholder:
Erisider Lux S.A.
Rue de la Chapelle 17
L 1325 Luxemburg
Legal form: Other legal
form
Share: EUR 6,455,060.00
Manager:
Lorenzo Enrico Riva
D 10115 Berlin
having sole power of
representation
born: 28.01.1987
Manager:
Umberto Riva
D 10115 Berlin
having sole power of
representation
born: 08.09.1992
Manager:
Carlo Emilio Riva
D 10115 Berlin
having sole power of
representation
born: 10.07.1990
Proxy:
Ingo Hartmann
D 14778 Wollin
authorized to jointly
represent the company
born: 05.08.1956
Proxy:
Diana Vogel
D 14770 Brandenburg
authorized to jointly
represent the company
born: 18.06.1974
Further
functions/participations of Lorenzo Enrico Riva (Manager)
Manager:
Quenz Stahl II GmbH
Wolfgang-Küntscher-Str. 18
D 16761 Hennigsdorf
Legal form: Private
limited company
Share capital: EUR 26,316.00
Registered
on: 24.01.2017
Reg. data: 16816 Neuruppin, HRB 11717 NP
COMPANY
HISTORY
company
name and legal form
13.09.1993
- 12.07.1998 Riva Stahl GmbH (AG Berlin,
HRB 48505)
Hohenheimer Str. 7
D 13465 Berlin
Private limited
company
RESIGNED
ACTING PERSONS AND SHAREHOLDERS
15.07.1996
- 11.08.2016 Manager
Alain Guy Mario Creteur
D 10115 Berlin
14.10.2015
- 21.04.2016 Manager
Ass. jur. Alexander
Dörsel
D 10063 Berlin
24.09.1993
- 09.10.2015 Manager
Cesare Riva
Viale Certosa 249
I 20191 Mailand
BUSINESS
ACTIVITIES
Main
industrial sector
46721 Wholesale of iron ores, iron, steel and iron
and steel semi-finished goods
70101 Management of holding companies
BRANCHES
AND FACTORIES
Branch:
Riva Stahl GmbH
Woltersdorfer Str. 40
D 14770 Brandenburg
TEL.: 03381/3500
FAX.: 03381/350271
Branch:
Riva Stahl GmbH
Küblinger Weg 6-8
D 68623 Lampertheim
TEL.: 06206/50040
FAX.: 06206/5004138
PARTICIPATIONS
Limited
partner:
Hennigsdorfer Real Estate GmbH & Co.
KG
Wolfgang-Küntscher-Str. 18
D 16761 Hennigsdorf
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 4,550.00
contribution:
Share: EUR 4,500.00
Reg. data: 05.04.2013
Local court
16816 Neuruppin
HRA 2687 NP
Limited
partner:
Brandenburger Real Estate
GmbH & Co. KG
Wolfgang-Küntscher-Str. 18
D 16761 Hennigsdorf
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 4,550.00
contribution:
Share: EUR 4,500.00
Reg. data: 05.04.2013
Local court
16816 Neuruppin
HRA 2688 NP
Shareholder:
B.E.S. Brandenburger
Elektrostahlwerke GmbH
Woltersdorfer Str. 40
D 14770 Brandenburg
Post Box:
12 30
Legal form: Private limited
company
Company Status: active
Share capital: EUR
12,800,000.00
Share: EUR 12,032,000.00
Reg. data: 25.11.1992
Local court 14467 Potsdam
HRB 4239 P
Shareholder:
H.E.S. Hennigsdorfer
Elektrostahlwerke GmbH
Wolfgang-Küntscher-Str. 18
D 16761 Hennigsdorf
Post Box:
10 01 45
Legal form: Private
limited company
Company Status: active
Share capital: EUR
12,800,000.00
Share: EUR
12,032,000.00
Reg. data: 11.03.1993
Local court
16816 Neuruppin
HRB 1619 NP
Shareholder:
Quenz Stahl II GmbH
Wolfgang-Küntscher-Str. 18
D 16761 Hennigsdorf
Legal form: Private
limited company
Company Status: active
Share capital: EUR 26,316.00
Share: EUR 26,316.00
Reg. data: 24.01.2017
Local court
16816 Neuruppin
HRB 11717 NP
Shareholder:
Betonstahl Lampertheim GmbH
Küblinger Weg 8
D 68623 Lampertheim
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 12.09.2013
Local court
16816 Neuruppin
HRB 10571
FINANCIAL
INFORMATION
Payment
experience: No Complaints
Negative
information:We have no negative information at hand.
Balance
sheet year: 2016
REAL
ESTATE
Type
of ownership: Tenant
Address Wolfgang-Küntscher-Str. 18
D 16761 Hennigsdorf
Land
register documents were not available.
BANKERS
DEUTSCHE
BANK, 10883 BERLIN
Sort.
code: 12070000
BIC:
DEUTDEBB160
INTESA
SANPAOLO FRANKFURT, 60011 FRANKFURT AM MAIN
Sort.
code: 50020800
BIC:
BCITDEFFXXX
DEUTSCHE
BANK, 16502 ORANIENBURG
Sort.
code: 12070000
BIC:
DEUTDEBB160
UNICREDIT
BANK - HYPOVEREINSBANK, 10896 BERLIN
Sort.
code: 10020890, Account no.: 601955032
BIC:
HYVEDEMM488, IBAN: DE95100208900601955032
FINANCIAL
FIGURES
Turnover: 2016 EUR 924,210,678.00
2017 *EUR 925,000,000.00
Profit: 2016 EUR 15,611,453.00
further
business figures:
Equipment: EUR 69,975.00
Ac/ts
receivable:
EUR 52,831,517.00
Liabilities: EUR 321,521,338.00
Employees:
12
-
thereof permanent staff: 12
The
business figures marked with an asterisk are estimates based
on average values in the line of business.
BALANCE
SHEETS
Balance
sheet ratios 01.01.2016 - 31.12.2016
Equity
ratio [%]: 25.87
Liquidity
ratio: 0.22
Return
on total capital [%]: 3.58
Balance
sheet ratios 01.01.2015 - 31.12.2015
Equity
ratio [%]: 10.12
Liquidity
ratio: 0.21
Return
on total capital [%]: 1.75
Balance
sheet ratios 01.01.2014 - 31.12.2014
Equity
ratio [%]: 17.44
Liquidity
ratio: 0.43
Return
on total capital [%]: 4.35
Balance
sheet ratios 01.01.2013 - 31.12.2013
Equity
ratio [%]: 64.17
Liquidity
ratio: 1.50
Return
on total capital [%]: 1.44
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: self-disclosure
Financial
year: 01.01.2016 - 31.12.2016
ASSETS EUR 437,364,302.33
Fixed assets EUR 207,980,032.95
Tangible assets EUR 69,975.10
Other tangible assets / fixtures and
fittings EUR 69,975.10
Financial assets EUR 207,910,057.85
Shares in participations /
subsidiaries and the like EUR 133,102,103.68
Shares in related companies EUR 133,102,103.68
Loans to participations /
subsidiaries and the like EUR 74,807,954.17
Loans to related companies EUR 74,807,954.17
Current assets EUR 229,170,948.02
Stocks EUR 98,386,141.85
Raw materials, consumables and
supplies EUR 14,404,488.67
Finished goods / work in progress EUR
83,981,653.18
Accounts receivable EUR 52,831,517.35
thereof total due from shareholders EUR
1,008,147.05
Trade debtors EUR 26,608,392.95
Amounts due from related companies EUR
13,239,516.07
Other debtors and assets EUR 12,983,608.33
Liquid means EUR 77,953,288.82
Remaining other assets EUR 213,321.36
Accruals (assets) EUR 213,321.36
LIABILITIES EUR 437,364,302.33
Shareholders' equity EUR 109,384,351.30
Capital EUR 25,820,240.00
Subscribed capital (share capital) EUR
25,820,240.00
Reserves EUR 82,917.25
Capital reserves EUR 82,917.25
Balance sheet profit/loss (+/-) EUR 83,481,194.05
Profit / loss brought forward EUR 67,869,741.20
Annual surplus / annual deficit EUR 15,611,452.85
Provisions EUR 6,458,613.43
Pension provisions and comparable
provisions EUR 4,205,215.00
Provisions for taxes EUR 2,001,334.50
Other / unspecified provisions EUR 252,063.93
Liabilities EUR 321,521,337.60
thereof total due to shareholders EUR 4,522,607.92
Financial debts EUR 138,200,113.31
Liabilities due to banks EUR 138,200,113.31
Other liabilities EUR 183,321,224.29
Trade creditors (for IAS incl. bills
of exchange) EUR 60,101,967.30
Liabilities from received advance
payments EUR 485,839.95
Liabililties due to related
companiesEUR 107,903,796.74
Unspecified other liabilities EUR 14,829,620.30
thereof liabilities from tax /
financial authorities EUR 10,251,201.04
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Sales EUR 924,210,677.83
Inventory change + own costs (+/-) EUR
73,036,161.68
Inventory change (+/-) EUR 73,036,161.68
Other operating income EUR 1,855,224.34
Cost of materials EUR 923,366,946.03
Raw materials and supplies, purchased
goods EUR 614,627,763.97
Purchased services EUR 308,739,182.06
Gross result (+/-) EUR 75,735,117.82
Staff expenses EUR 2,630,309.10
Wages and salaries EUR 2,372,587.01
Social security contributions and
expenses for pension plans and
benefits EUR 257,722.09
Total depreciation EUR 8,369.28
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 8,369.28
Other operating expenses EUR 56,676,155.50
Operating result from continuing
operations EUR 16,420,283.94
Result from participating interests
(+/-) EUR 8,774,324.30
Expenses / income from participations
EUR 8,774,324.30
Income from transfer of profits EUR 8,556,904.34
Income from related companies EUR 217,419.96
Interest result (+/-) EUR -3,055,886.61
Interest and similar income EUR 2,199,800.58
thereof from related companies EUR 2,097,367.75
Interest and similar expenses EUR 5,255,687.19
thereof paid to related companies EUR 886,233.56
Financial result (+/-) EUR 5,718,437.69
Result from ordinary operations (+/-) EUR
22,138,721.63
Income tax / refund of income tax (+/-)EUR -6,547,164.34
Other taxes / refund of taxes EUR 19,895.56
Tax (+/-) EUR -6,527,268.78
Annual surplus / annual deficit EUR 15,611,452.85
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 395,153,086.78
Fixed assets EUR 205,130,525.18
Intangible assets EUR 3.50
Concessions, licences, rights EUR 3.50
Tangible assets EUR 28,418.00
Other tangible assets / fixtures and
fittings EUR 28,418.00
Financial assets EUR 205,102,103.68
Shares in participations /
subsidiaries and the like EUR 133,102,103.68
Shares in related companies EUR 133,102,103.68
Loans to participations /
subsidiaries and the like EUR 72,000,000.00
Loans to related companies EUR 72,000,000.00
Current assets EUR 189,808,000.23
Stocks EUR 66,605,460.84
Raw materials, consumables and
supplies EUR 55,659,969.34
Finished goods / work in progress EUR
10,945,491.50
Accounts receivable EUR 123,194,657.28
thereof total due from shareholders EUR
62,922,334.20
Trade debtors EUR 48,765,571.80
Amounts due from related companies EUR
66,774,366.21
Other debtors and assets EUR 7,654,719.27
Liquid means EUR 7,882.11
Remaining other assets EUR 214,561.37
Accruals (assets) EUR 214,561.37
LIABILITIES EUR 395,153,086.78
Shareholders' equity EUR 93,772,898.45
Capital EUR 25,820,240.00
Subscribed capital (share capital) EUR 25,820,240.00
Reserves EUR 82,917.25
Capital reserves EUR 82,917.25
Balance sheet profit/loss (+/-) EUR 67,869,741.20
Profit / loss brought forward EUR
62,066,812.32
Annual surplus / annual deficit EUR 5,802,928.88
Provisions EUR 6,756,485.61
Pension provisions and comparable
provisions EUR 4,389,709.00
Provisions for taxes EUR 510,612.58
Other / unspecified provisions EUR 1,856,164.03
Liabilities EUR 294,623,702.72
thereof total due to shareholders EUR
2,755,209.09
Financial debts EUR 151,100,008.31
Liabilities due to banks EUR 151,100,008.31
Other liabilities EUR 143,523,694.41
Trade creditors (for IAS incl. bills
of exchange) EUR 52,747,697.69
Liabilities from received advance
payments EUR 33,453,743.18
Liabililties due to related
companiesEUR 45,278,524.49
Unspecified other liabilities EUR 12,043,729.05
thereof liabilities from tax /
financial authorities EUR 7,128,664.19
Guarantees and other commitments EUR 11,550,000.00
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Sales EUR 1,034,887,252.96
Inventory change + own costs (+/-) EUR
-2,126,513.19
Inventory change (+/-) EUR -2,126,513.19
Other operating income EUR 1,334,821.13
Cost of materials EUR 956,130,801.12
Raw materials and supplies, purchased
goods EUR 668,952,280.01
Purchased services EUR 287,178,521.11
Gross result (+/-) EUR 77,964,759.78
Staff expenses EUR 1,520,743.17
Wages and salaries EUR 1,281,625.56
Social security contributions and
expenses for pension plans and
benefits EUR 239,117.61
Total depreciation EUR 5,609.03
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 5,609.03
Other operating expenses EUR 64,686,396.36
Operating result from continuing
operations EUR 11,752,011.22
Result from participating interests
(+/-) EUR 2,054,171.12
Expenses / income from participations
EUR 2,054,171.12
Income from related companies EUR 2,054,171.12
Interest result (+/-) EUR -3,450,974.15
Interest and similar income EUR 2,441,654.47
thereof from related companies EUR 2,366,497.90
Interest and similar expenses EUR 5,892,628.62
thereof paid to related companies EUR 484,403.86
Financial result (+/-) EUR -1,396,803.03
Result from ordinary operations (+/-) EUR
10,355,208.19
Income tax / refund of income tax
(+/-)EUR -4,561,223.31
Other taxes / refund of taxes EUR 8,944.00
Tax (+/-) EUR -4,552,279.31
Annual surplus / annual deficit EUR 5,802,928.88
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 67.63 |
|
|
1 |
INR 89.70 |
|
Euro |
1 |
INR 78.20 |
|
Euro |
1 |
INR 79.09 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRA |
|
|
|
|
Report Prepared
by : |
KET |
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.