MIRA INFORM
REPORT
|
Report Date : |
18.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
OVERSEAS TRADING CONRAD JACOBSON GMBH |
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Registered Office : |
Oberbaumbrücke
1, D 20457 Hamburg, Post Box 11 13 69, D 20413 |
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Country : |
Germany |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
02.03.1982 |
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Com. Reg. No.: |
HRB 29172 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesale of other intermediate goods |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
250,000 EUR |
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Status : |
Satisfactory |
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Germany |
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name & address
Overseas Trading
Conrad Jacobson GmbH
Main address:
Oberbaumbrücke 1
D 20457 Hamburg
Post Box:
11 13 69, D 20413
Telephone: 040/309638-0
Telefax: 040/309638-38
Homepage: www.otra-jacobson.com
E-mail: info@otra-jacobson.com
VAT no.
DE118586559
Tax ID number
74/887/00957
Synthesis
LEGAL FORM Private
limited company
Date of foundation: 02.03.1982
Shareholders'
agreement: 02.03.1982
Registered on: 06.05.1982
Commercial Register: Local court 20355 Hamburg
under: HRB
29172
Share capital: EUR 512,000.00
Shareholder
Conrad Jacobson
GmbH
Oberbaumbrücke 1
D 20457 Hamburg
Post Box:
111369, D 20413
Hamburg
Legal form:
Private limited company
Share
capital: EUR 7,000,000.00
Share: EUR 384,000.00
Registered on: 13.02.1981
Reg. data: 20355
Hamburg, HRB 27123
Shareholder:
Markus Johannes
Salfner
Bismarckstr. 98
D 20253 Hamburg
born: 25.02.1964
Share: EUR 128,000.00
Manager
Markus Johannes
Salfner
Bismarckstr. 98
D 20253 Hamburg
having sole power
of representation
born: 25.02.1964
Profession:
Businessman
Marital status:
married
Proxy
Martin
Bredemeier-Prang
D 22869 Schenefeld
authorized to
jointly represent the company
born: 05.04.1958
Proxy:
Udo Kegel
Köllner Chaussee
144c
D 25337 Kölln-Reisiek
authorized to
jointly represent the company
born: 22.07.1952
Profession: Fully
qualified merchant
Further functions/participations of Markus Johannes Salfner
(Manager)
Shareholder:
"1-Picture"
Unternehmensberatung GmbH
An der Alster 82
D 20099 Hamburg
Legal form:
Private limited company
Share
capital: EUR 29,100.00
Share: EUR 5,450.00
Registered
on: 12.01.2000
Reg. data: 20355 Hamburg, HRB 73984
Manager:
KONDOPOGA International
Trading GmbH
Oberbaumbrücke 1
Deichtorcenter
D 20457 Hamburg
Legal form:
Private limited company
Share
capital: EUR 1,278,229.71
Registered
on: 07.12.1992
Reg. data: 20355 Hamburg, HRB 51681
COMPANY HISTORY
02.03.1982 - 09.06.2002 Overseas Trading Conrad Jacobson GmbH
Raboisen 30
D 20095 Hamburg
Private limited
company
BUSINESS ACTIVITIES
Sectors
46760
Wholesale of other intermediate goods
46902
Non-specialized wholesale of raw materials and half-finished and
finished goods
FINANCIAL INFORMATION
Payment experience: within periods customary in this trade
Negative information: We have no negative information at hand.
Maximum credit: 250,000
EUR
Balance sheet year: 2009
REAL ESTATE
Type of ownership: Tenant
Address Oberbaumbrücke
1
D 20457 Hamburg
Land register documents were not available.
BANKERS
Principal bank
WARBURG, M.M.- BANK, HAMBURG
Sort. code: 20120100, Account no.: 288365,
BIC: WBWCDEHHXXX
Further banks
COMMERZBANK, HAMBURG
Sort. code: 20040000, BIC: COBADEHHXXX
HSH NORDBANK HAMBURG, HAMBURG
Sort. code: 20050000, BIC: HSHNDEHH200
BERENBERG, JOH. - GOSSLER & CO, HAMBURG
Sort. code: 20120000, BIC: BEGODEHHXXX
FINANCIAL FIGURES
Turnover:
2009 EUR 66,976,000.00
2010 EUR 99,962,024.00
Profit:
2009 EUR 1,255,020.00
2010 EUR 1,421,392.00
further business figures:
Equipment: EUR 16,078.00
Ac/ts receivable: EUR 14,280,539.00
Liabilities: EUR 15,347,251.00
Employees:
9
BALANCE SHEETS
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 11.55
Liquidity ratio: 1.01
Return on total capital [%]: 8.56
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 15.34
Liquidity ratio: 1.25
Return on total capital [%]: 19.55
Balance sheet ratios 01.01.2007 - 31.12.2007
Equity ratio [%]: 48.90
Liquidity ratio: 2.00
Return on total capital [%]: 3.69
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
Financial year:
01.01.2009 - 31.12.2009
ASSETS EUR 14,665,708.77
Fixed
assets EUR 110,177.00
Tangible assets EUR 19,629.00
Other
tangible assets / fixtures and
fittings
EUR 19,629.00
Financial
assets EUR 90,548.00
Shares in participations
/
subsidiaries and the like
EUR 90,548.00
Shares in
investee companies EUR 90,548.00
Current
assets EUR 14,553,381.27
Stocks EUR 1,925,396.89
Finished
goods / work in progress EUR 1,795,999.04
Advance
payments made EUR 129,397.85
Accounts
receivable EUR 12,587,315.32
Trade
debtors EUR 12,491,795.65
Amounts due
from related companies EUR 35,642.65
Other
debtors and assets EUR 59,877.02
Liquid
means EUR 40,669.06
Remaining
other assets EUR 2,150.50
Accruals
(assets) EUR 2,150.50
LIABILITIES EUR 14,665,708.77
Shareholders'
equity EUR 529,482.22
Capital EUR 512,000.00
Subscribed
capital (share capital) EUR 512,000.00
Balance
sheet profit/loss (+/-) EUR 17,482.22
Balance
sheet profit / loss EUR 17,482.22
Provisions EUR 435,640.00
Provisions
for taxes EUR 410,250.00
Other /
unspecified provisions EUR 25,390.00
Liabilities EUR 13,700,586.55
Financial
debts EUR 4,738,768.23
Liabilities
due to banks EUR 4,738,768.23
Other
liabilities EUR 8,961,818.32
Trade
creditors (for IAS incl. bills
of
exchange) EUR 1,180,888.72
Liabilities
due to shareholders EUR 1,164,282.38
Liabililties due to related companiesEUR 6,423,666.83
Unspecified
other liabilities EUR 192,980.39
Profit and loss account (cost-summary method)
according to Comm.
Code (HGB)
Gross result
(+/-) EUR 6,990,230.78
Staff
expenses EUR 551,290.47
Wages and
salaries EUR 481,504.33
Social
security contributions and
expenses for
pension plans and
benefits
EUR 69,786.14
Total
depreciation EUR 4,896.63
Depreciation
on tangible / intangible
asssets
(incl. start-up and exp. of
bus. EUR 4,896.63
Other
operating expenses EUR 3,842,523.55
Operating
result from continuing
operations EUR 2,591,520.13
Interest
result (+/-) EUR -689,029.58
Interest and
similar income EUR 220,687.77
Interest and
similar expenses EUR 909,717.35
Financial
result (+/-) EUR -689,029.58
Result from
ordinary operations (+/-) EUR 1,902,490.55
Income tax /
refund of income tax (+/-)EUR
-647,470.27
Tax
(+/-)
EUR -647,470.27
Annual
surplus / annual deficit EUR 1,255,020.28
Type of balance
sheet:
Company balance sheet
Financial year:
01.01.2008 - 31.12.2008
ASSETS EUR 10,204,625.45
Fixed
assets EUR 103,872.00
Tangible
assets EUR 13,324.00
Other
tangible assets / fixtures and
fittings
EUR 13,324.00
Financial
assets EUR 90,548.00
Shares in
participations /
subsidiaries and the like
EUR 90,548.00
Shares in
investee companies EUR 90,548.00
Current
assets EUR 10,097,574.45
Stocks EUR 96,390.79
Finished
goods / work in progress EUR 96,390.79
Accounts
receivable EUR 9,880,515.50
Trade
debtors EUR 9,683,750.25
Other
debtors and assets EUR 196,765.25
Liquid
means EUR 120,668.16
Remaining
other assets EUR 3,179.00
Accruals
(assets) EUR 3,179.00
LIABILITIES
EUR 10,204,625.45
Shareholders'
equity EUR 974,461.94
Capital EUR 512,000.00
Subscribed
capital (share capital) EUR 512,000.00
Balance sheet
profit/loss (+/-) EUR 462,461.94
Balance
sheet profit / loss EUR 462,461.94
Provisions EUR 639,815.00
Provisions
for taxes EUR 607,745.00
Other /
unspecified provisions EUR 32,070.00
Liabilities EUR 8,590,348.51
Financial
debts EUR 3,972,357.22
Liabilities
due to banks EUR 3,972,357.22
Other
liabilities EUR 4,617,991.29
Trade
creditors (for IAS incl. bills
of
exchange)
EUR 719,739.57
Liabilities
due to shareholders EUR 591,134.66
Liabililties
due to related companiesEUR
3,219,171.69
Unspecified
other liabilities EUR 87,945.37
Profit and loss account (cost-summary method)
according to Comm.
Code (HGB)
Gross result
(+/-) EUR 6,366,763.00
Staff
expenses EUR 512,542.80
Wages and
salaries EUR 444,423.49
Social
security contributions and
expenses for
pension plans and
benefits
EUR 68,119.31
Total
depreciation EUR 3,272.80
Depreciation
on tangible / intangible
asssets
(incl. start-up and exp. of
bus. EUR 3,272.80
Other
operating expenses EUR 2,522,172.17
Operating
result from continuing
operations EUR 3,328,775.23
Interest
result (+/-) EUR -352,257.26
Interest and
similar income EUR 215,970.48
Interest and
similar expenses EUR 568,227.74
Financial
result (+/-) EUR -352,257.26
Result from
ordinary operations (+/-) EUR 2,976,517.97
Income tax /
refund of income tax (+/-)EUR -981,831.30
Tax
(+/-)
EUR -981,831.30
Annual
surplus / annual deficit EUR 1,994,686.67
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.37 |
|
UK Pound |
1 |
Rs.74.56 |
|
Euro |
1 |
Rs.65.34 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
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NB |
New Business |
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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 and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.