MIRA INFORM REPORT

 

 

Report Date :           

25.06.2011

 

IDENTIFICATION DETAILS

 

Name :

OTTO BRANDES GMBH

 

 

Registered Office :

Karnapp 25, D 21079 Hamburg, Post Box 760249, D 22052 Hamburg

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

06.08.1980

 

 

Com. Reg. No.:

HRB 25988

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Agents involved in the sale of fuels, ores, metals and industrial chemicals

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

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

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Bottom of Form

 

Company name & address 

 

Otto Brandes GmbH

 

 

Main address:

Karnapp 25

D 21079 Hamburg

Post Box:

760249, D 22052 Hamburg

Telephone:        040/2000660

Telefax:             040/2276823

Homepage:        www.otto-brandes.de

E-mail:              pharma@otto-brandes.de

 

 

VAT no.  

 

DE811187151

 

 

Tax ID number  

 

71/620/04101

 

 

Synthesis

 

LEGAL FORM               Private limited company

Date of foundation:         1923

Shareholders'

agreement:                    10.06.1980

Registered on:               06.08.1980

Commercial Register:     Local court 20355 Hamburg

under:                                       HRB 25988

Share capital:                          EUR            250,000.00

 

 

Shareholder

 

Manfred Drieschner

Stader Str. 17a

D 21640 Horneburg

born: 25.04.1953

Share:             EUR            250,000.00

 

 

Manager

 

Manfred Drieschner

Stader Str. 17a

D 21640 Horneburg

born: 25.04.1953

Profession: Businessman

Marital status: married

 

 

Proxy

 

Moira Tallboys

Fünfstück 26

D 22147 Hamburg

authorized to jointly represent the company

born: 07.05.1958

 

 

COMPANY HISTORY

 

12.04.2002 - 01.07.2003  Otto Brandes GmbH Chemikalienmakler

                         Hamburger Str. 23

                         D 22083 Hamburg

                         Private limited company

 

 

BUSINESS ACTIVITIES

 

Secondary industrial sector

46120   Agents involved in the sale of fuels, ores, metals and industrial chemicals

4690   Non-specialized wholesale trade

 

 

FINANCIAL INFORMATION

 

Payment experience:     cash discount/within agreed terms

 

Negative information:      We have no negative information at hand.

 

Balance sheet year:       2009

 

 

REAL ESTATE

 

Type of ownership:         Tenant

Address                        Karnapp 25

                                    D 21079 Hamburg

 

Real Estate of:               Manfred Drieschner

Type of ownership:         unknown

Address                        Stader Str. 17a

                                    D 21640 Horneburg

 

Land register documents were not available.

 

 

BANKERS

 

COMMERZBANK VORMALS DRESDNER BANK, HAMBURG

Sort. code: 20080000, BIC: DRESDEFF200

 

GRENKE BANK, BADEN-BADEN

Sort. code: 20130400, BIC: GREBDEH1XXX

 

 

FINANCIAL FIGURES

 

Turnover:            2009               EUR         50,000,000.00

                     2010               EUR         50,000,000.00

further business figures:

Employees:                                                     14

- Part-time employees:                                          4

 

The aforementioned business figures may partly be estimated information based on average values in the line of business.

 

 

BALANCE SHEETS

 

Balance sheet ratios 01.01.2009 - 31.12.2009

Equity ratio [%]:                 43.01

Liquidity ratio:                   3.83

Return on total capital [%]:       7.15

 

Balance sheet ratios 01.01.2008 - 31.12.2008

Equity ratio [%]:                 32.57

Liquidity ratio:                   1.44

Return on total capital [%]:      13.95

 

Balance sheet ratios 01.01.2007 - 31.12.2007

Equity ratio [%]:                 46.55

Liquidity ratio:                  10.00

Return on total capital [%]:       9.88

 

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          2,545,474.80

 Fixed assets                           EUR             73,645.00

  Tangible assets                       EUR             73,645.00

   Other / unspecified tangible assets  EUR             73,645.00

 Current assets                         EUR          2,471,403.36

  Stocks                                EUR            312,620.83

  Accounts receivable                   EUR          1,331,260.18

   Other debtors and assets             EUR          1,331,260.18

  Liquid means                          EUR            827,522.35

 Remaining other assets                 EUR                426.44

  Accruals (assets)                     EUR                426.44

 

LIABILITIES                             EUR          2,545,474.80

 Shareholders' equity                   EUR          1,094,799.54

  Capital                               EUR            250,000.00

   Subscribed capital (share capital)   EUR            250,000.00

  Balance sheet profit/loss (+/-)       EUR            844,799.54

   Profit / loss brought forward        EUR            662,712.46

   Annual surplus / annual deficit      EUR            182,087.08

 Provisions                             EUR            275,233.00

 Liabilities                            EUR          1,175,442.26

  Other liabilities                     EUR          1,175,442.26

   Unspecified other liabilities        EUR          1,175,442.26

 

Type of balance

sheet:               Company balance sheet

 

Financial year:      01.01.2008 - 31.12.2008

 

ASSETS                                  EUR          2,802,356.10

 Fixed assets                           EUR             92,854.00

  Intangible assets                     EUR                  4.00

  Tangible assets                       EUR             92,850.00

 Current assets                         EUR          2,708,077.54

  Stocks                                EUR            792,046.76

  Accounts receivable                   EUR            879,114.77

  Liquid means                          EUR          1,036,916.01

 Remaining other assets                 EUR              1,424.56

  Accruals (assets)                     EUR              1,424.56

 

LIABILITIES                             EUR          2,802,356.10

 Shareholders' equity                   EUR            912,712.46

  Capital                               EUR            250,000.00

   Subscribed capital (share capital)   EUR            250,000.00

  Balance sheet profit/loss (+/-)       EUR            662,712.46

   Profit / loss brought forward        EUR            271,776.12

   Annual surplus / annual deficit      EUR            390,936.34

 Provisions                             EUR            243,426.38

 Liabilities                              EUR          1,646,217.26

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.94

UK Pound

1

Rs.71.89

Euro

1

Rs.64.09

 

 

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

----

NB

New Business

----

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.