|
Report Date : |
13.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
ALLESSA GMBH |
|
|
|
|
Registered Office : |
Alt Fechenheim 34, D 60386
Frankfurt, Post Box 610144, D 60382 |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
30.06.2011 |
|
|
|
|
Year of Establishment : |
2000 |
|
|
|
|
Com. Reg. No.: |
HRB 50819 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Manufacturer of other chemical products |
|
|
|
|
No. of Employees : |
724 employees |
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 : |
No Complaints |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
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 declining 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 growth in 2006 and 2007 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 - and its decrease to 6.0% in 2011. GDP contracted 5.1% in 2009 but grew by 3.6% in 2010, and 2.7% in 2011. The recovery was attributable primarily to rebounding manufacturing orders and exports - increasingly outside the Euro Zone. Germany's central bank projects that GDP will grow 0.6% in 2012, a reflection of the worsening euro-zone financial crisis and the financial burden it places on Germany as well as falling demand for German exports. Domestic demand is therefore becoming a more significant driver of Germany's economic expansion. Stimulus and stabilization efforts initiated in 2008 and 2009 and tax cuts introduced in Chancellor Angela MERKEL's second term increased Germany's budget deficit to 3.3% in 2010, but slower spending and higher tax revenues reduce the deficit to 1.7% in 2011, below the EU's 3% limit. 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. 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 hopes to replace nuclear power with renewable energy. Before the shutdown of the eight reactors, Germany relied on nuclear power for 23% of its energy and 46% of its base-load electrical production.
|
Source : CIA |
Allessa GmbH
Alt Fechenheim 34
D 60386 Frankfurt
Post Box:610144, D 60382
Telephone: 069/410901
Telefax: 069/41092100
Homepage: www.allessa.de
E-mail: allessa@allessa.com
Company Status: active
DE813196920
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 2000
Begin of business
activities: 01.07.2001
Shareholders'
agreement: 23.10.2000
Registered on: 07.11.2000
Commercial Register: Local
court 60313 Frankfurt
under: HRB 50819
Share capital: EUR 2,000,001.00
We have at present no current list of shareholders / limited
partners respectively at our disposal.
Cassella GmbH
Emser Weg 6
D 65812 Bad Soden
Legal form: Private limited company
Share capital: EUR 25,000.00
Share: EUR 2,000,000.00
Registered on: 07.09.2001
Reg. data: 61462 Königstein, HRB
5584
Gerhard Wolfgang Posner
D 64665 Alsbach-Hähnlein
authorized to jointly represent the
company
born: 25.08.1955
Manager:
Joachim Kögler
D 65527 Niedernhausen
authorized to jointly represent the company
born:
02.07.1957
Marital status: unknown
Manager:
Dr.rer.nat. Thomas Wisser
Buderusstr. 5
D
65556 Limburg
authorized to jointly represent the company
born:
18.11.1960
Profession: Fully qualified chemist
Manager:
Dr. Thomas Wolf Büttner
D
63322 Rödermark
having
sole power of representation
born:
13.02.1956
Marital status: unknown
Dr.rer.nat. Karl-Gerhard Seifert
Emser Weg 6
D 65812 Bad Soden
born: 29.08.1946
Profession: Fully qualified chemist
Marital status: married
Dr. Gerhard Prante
Schöne Aussicht 5
D 65719 Hofheim
born: 14.03.1942 in Neumünster
Profession: Fully qualified
agriculturalist
Marital status: married
Member of
the Supervisory Board:
Andrea
Ebeling
D
60306 Frankfurt
Profession: Chemical laboratory technician
Marital status: unknown
Nikolaus Peter Wagenhäuser
D 63549 Ronneburg
authorized to jointly represent the
company
born: 28.07.1954
Profession: Businessman
Marital status: unknown
Proxy:
Dr.
Ottmar Wink
D 65527 Niedernhausen
authorized to jointly represent the company
born:
30.05.1953
Proxy:
Dr.
Heinrich Wilhelm Angenendt
D
65510 Idstein
authorized
to jointly represent the company
born:
14.10.1956
Proxy:
Andrea
Schultheiß-Blaeser
D
63784 Obernburg
authorized to jointly represent the company
born: 14.06.1965
Further functions/participations of Gerhard Wolfgang
Posner (Manager)
Proxy:
Cassella GmbH
Emser
Weg 6
D
65812 Bad Soden
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 07.09.2001
Reg.
data: 61462 Königstein, HRB 5584
Further
functions/participations of Joachim Kögler (Manager)
Proxy:
Clariant Produkte (Deutschland) GmbH
Brüningstr. 50
D
65929 Frankfurt
Legal
form: Private limited company
Share
capital: EUR 9,348,129.00
Registered
on: 04.10.1996
Reg.
data: 60313 Frankfurt, HRB 42045
Further
functions/participations of Dr.rer.nat. Thomas Wisser
(Manager)
Manager:
AllessaSyntec Verwaltungs-GmbH
Industriepark Höchst
D
65926 Frankfurt
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 01.08.2003
Reg.
data: 60313 Frankfurt, HRB 57278
Further
functions/participations of Dr. Thomas Wolf Büttner
(Manager)
Manager:
AllessaSyntec Verwaltungs-GmbH
Industriepark Höchst
D
65926 Frankfurt
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 01.08.2003
Reg.
data: 60313 Frankfurt, HRB 57278
President of the Board of Directors:
International School of Düsseldorf eV
Niederrheinstr.
336
D
40489 Düsseldorf
Legal
form: Registered association
Registered
on: 20.03.1969
Reg.
data: 40213 Düsseldorf, VR 4766
Proxy:
Cassella GmbH
Emser
Weg 6
D
65812 Bad Soden
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 07.09.2001
Reg.
data: 61462 Königstein, HRB 5584
07.11.2000 -
25.03.2001 WT Erste
Verwaltungsgesellschaft mbH
Hanauer Landstr. 528
D
60386 Frankfurt
Private limited company
25.03.2001 -
30.09.2012 AllessaChemie GmbH
Alt Fechenheim 34
D
60386 Frankfurt
Private limited company
22.02.2010 -
01.11.2011 Manager
Almuth Poetz
D
61200 Wölfersheim
14.03.2007 -
11.02.2010 Manager
Dr. Werner Spielmann
D
65779 Kelkheim
Main industrial sector
20590 Manufacture of other
chemical products n.e.c.
4675 Wholesale of
chemical products
Branch:
Allessa
GmbH
Kettelerstr. 99
D
63075 Offenbach
TEL.:
069/8066-540
Branch:
Allessa GmbH
Stroofstr. 27
D
65933 Frankfurt
TEL.: 069/3800-0
FAX.:
069/3800-2943
Shareholder:
AllessaSyntec Verwaltungs-GmbH
Industriepark Höchst
D
65926 Frankfurt
Legal form: Private limited company
Company Status: active
Share
capital: EUR 25,000.00
Share: EUR 25,000.00
Reg.
data: 01.08.2003
Local court 60313 Frankfurt
HRB 57278
Payment experience: within periods customary in this trade
Negative information We have no negative information at hand.
Balance sheet year: 2010/2011
Type of ownership: Tenant
Address Alt Fechenheim 34
D 60386 Frankfurt
Land register documents were not available.
Principal
bank
COMMERZBANK, FRANKFURT AM MAIN
Sort. code: 50040000, Account no.:
5850524, BIC: COBADEFFXXX
Further
bank
DEUTSCHE BANK FILIALE, FRANKFURT AM
MAIN
Sort. code: 50070010, Account no.:
091962100, BIC: DEUTDEFFXXX
Turnover: 2009/2010 EUR 112,649,216.00
2010/2011 EUR 120,338,008.00
Profit: 2009/2010 EUR 3,365,000.00
2010/2011 EUR 1,925,732.00
further
business figures:
Equipment: EUR 1,546,734.00
Ac/ts receivable: EUR 13,137,986.00
Liabilities: EUR 26,327,318.00
Employees: 724
-
thereof permanent staff: 724
Balance sheet ratios 01.07.2010 - 30.06.2011
Equity ratio [%]: 16.49
Liquidity ratio: 0.91
Return
on total capital [%]: 2.99
Balance sheet ratios 01.07.2009 - 30.06.2010
Equity ratio [%]: 12.94
Liquidity ratio: 0.95
Return on total capital [%]: 4.02
Balance sheet ratios 01.07.2008 - 30.06.2009
Equity
ratio [%]: 7.66
Liquidity ratio: 0.78
Return on total capital [%]: -17.49
Balance sheet ratios 01.07.2007 - 30.06.2008
Equity ratio [%]: 23.05
Liquidity ratio: 1.78
Return
on total capital [%]: 2.74
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: 01.07.2010 - 30.06.2011
ASSETS EUR 79,577,708.35
Fixed assets
EUR 28,880,658.62
Intangible assets
EUR 412,478.58
Concessions, licences, rights
EUR 412,478.58
Tangible assets
EUR 28,468,180.04
Land / similar rights
EUR 1,727,306.00
Plant / machinery
EUR 23,953,038.00
Other tangible assets / fixtures and
fittings
EUR 1,546,734.00
Advance payments made / construction
in progress
EUR 1,241,102.04
Current assets EUR 50,091,429.90
Stocks
EUR 25,018,556.45
Raw materials, consumables and
supplies
EUR 8,320,545.48
Finished goods / work in progress
EUR 16,698,010.96
Accounts receivable
EUR 13,137,985.68
Trade debtors
EUR 8,825,614.95
Other debtors and assets
EUR 4,312,370.73
Liquid means
EUR 11,934,887.77
Remaining other assets
EUR 605,619.83
Accruals (assets)
EUR 605,619.83
LIABILITIES EUR 79,577,708.35
Shareholders' equity EUR 12,203,080.18
Capital
EUR 2,000,000.00
Subscribed capital (share capital)
EUR 2,000,000.00
Reserves
EUR 160,068.15
Capital reserves
EUR 160,068.15
Balance sheet profit/loss (+/-)
EUR 10,043,012.03
Profit / loss brought forward
EUR 8,117,279.92
Annual surplus / annual deficit
EUR 1,925,732.11
Items
between shareholders' equity and
debt capital
EUR 2,185,241.96
Special items with reserve funds
EUR 2,185,241.96
Provisions
EUR 38,303,132.48
Pension provisions and comparable
provisions
EUR 20,961,825.00
Provisions for taxes
EUR 1,005,607.00
Other / unspecified provisions
EUR 16,335,700.48
Liabilities EUR
26,327,317.93
Financial debts
EUR 2,000,000.00
Liabilities due to banks
EUR 2,000,000.00
Other liabilities
EUR 24,327,317.93
Trade
creditors (for IAS incl. bills
of exchange)
EUR 6,946,047.07
Liabilities from received advance
payments
EUR 5,610,331.00
Unspecified other liabilities
EUR 11,770,939.86
thereof liabilities from tax /
financial authorities
EUR 1,556,593.97
thereof liabilities from social
security
EUR 0.00
Other liabilities EUR 558,935.80
Deferrals (liabilities)
EUR 558,935.80
Guarantees and other commitments
EUR 162,000.00
Liability from creation of a security
interest for third parties
EUR 162,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales
EUR 120,338,008.45
Inventory change + own costs (+/-)
EUR 4,172,647.30
Inventory change (+/-)
EUR 2,862,675.80
Capitalised own costs
EUR 1,309,971.50
Other operating income
EUR 24,279,625.56
Cost of materials
EUR 49,066,837.03
Raw materials and supplies, purchased
goods
EUR 36,746,734.66
Purchased services
EUR 12,320,102.37
Gross result (+/-)
EUR 99,723,444.28
Staff expenses EUR 50,046,052.79
Wages and salaries
EUR 40,404,716.41
Social security contributions and
expenses for pension plans and
benefits
EUR 9,641,336.38
Total depreciation
EUR 6,158,023.35
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 6,158,023.35
Other operating expenses
EUR 37,551,119.08
Operating result from continuing
operations
EUR 5,968,249.06
Interest result (+/-)
EUR -2,490,993.51
Interest and similar income
EUR 171,608.56
Interest and similar expenses
EUR 2,662,602.07
Financial result (+/-)
EUR -2,490,993.51
Result from ordinary operations (+/-)
EUR 3,477,255.55
Extraordinary expenses
EUR 447,239.00
Extraordinary result (+/-)
EUR -447,239.00
Income tax / refund of income tax (+/-)EUR -700,403.83
Other taxes / refund of taxes
EUR -403,880.61
Tax (+/-)
EUR -1,104,284.44
Annual surplus / annual deficit
EUR 1,925,732.11
Type of balance
sheet: Company balance sheet
Financial year: 01.07.2009 - 30.06.2010
ASSETS EUR 83,955,508.86
Fixed assets
EUR 31,573,329.70
Intangible assets
EUR 370,965.75
Concessions, licences, rights
EUR 370,965.75
Tangible assets
EUR 31,202,363.95
Land / similar rights
EUR 1,753,218.00
Plant / machinery
EUR 26,598,867.00
Other tangible assets / fixtures and
fittings
EUR 1,933,409.00
Advance payments made / construction
in progress
EUR 916,869.95
Current assets
EUR 51,681,152.88
Stocks
EUR 21,486,046.72
Raw materials, consumables and
supplies
EUR 7,464,024.62
Finished goods / work in progress
EUR 14,022,022.10
Accounts receivable
EUR 21,251,052.64
Trade debtors EUR 11,393,581.48
Other debtors and assets
EUR 9,857,471.16
Liquid means
EUR 8,944,053.52
Remaining other assets
EUR 701,026.28
Accruals (assets)
EUR 701,026.28
LIABILITIES EUR 83,955,508.86
Shareholders' equity
EUR 10,277,348.07
Capital
EUR 2,000,000.00
Subscribed capital (share capital)
EUR 2,000,000.00
Reserves
EUR 160,068.15
Capital reserves
EUR 160,068.15
Balance sheet profit/loss (+/-)
EUR 8,117,279.92
Profit / loss brought forward
EUR 4,751,561.77
Annual surplus / annual deficit
EUR 3,365,718.15
Items between shareholders' equity and
debt capital
EUR 1,503,387.54
Special items with reserve funds
EUR 1,503,387.54
Provisions
EUR 39,182,228.89
Pension provisions and comparable
provisions
EUR 19,482,000.00
Provisions for taxes
EUR 26,181.86
Other / unspecified provisions
EUR 19,674,047.03
Liabilities
EUR 31,428,228.56
Other liabilities
EUR 31,428,228.56
Trade creditors (for IAS incl. bills
of exchange)
EUR 5,439,139.17
Unspecified other liabilities
EUR 25,989,089.39
thereof liabilities from tax /
financial authorities
EUR 1,612,661.12
thereof liabilities from social
security
EUR 0.00
Other liabilities
EUR 1,564,315.80
Deferrals (liabilities)
EUR 1,564,315.80
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales
EUR 112,649,215.57
Inventory change + own costs (+/-)
EUR 960,042.82
Inventory change (+/-)
EUR 131,745.83
Capitalised own costs
EUR 828,296.99
Other operating income
EUR 32,424,210.00
Cost of materials
EUR 46,293,255.10
Raw
materials and supplies, purchased
goods
EUR 31,773,482.34
Purchased services
EUR 14,519,772.76
Gross result (+/-)
EUR 99,740,213.29
Staff expenses EUR 56,333,760.52
Wages and salaries
EUR 45,482,803.73
Social security contributions and
expenses for pension plans and
benefits
EUR 10,850,956.79
Total depreciation EUR 7,188,395.15
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 7,188,395.15
Other operating expenses
EUR 31,254,368.17
Operating result from continuing
operations
EUR 4,963,689.45
Interest result (+/-)
EUR -1,279,911.72
Interest and similar income
EUR 123,137.17
Interest and similar expenses
EUR 1,403,048.89
thereof paid to related companies
EUR 31.54
Financial result (+/-)
EUR -1,279,911.72
Result from ordinary operations (+/-)
EUR 3,683,777.73
Income tax / refund of income tax (+/-)EUR 104,146.56
Other taxes / refund of taxes
EUR -422,206.14
Tax (+/-)
EUR -318,059.58
Annual surplus / annual deficit
EUR 3,365,718.15
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.27 |
|
UK Pound |
1 |
Rs.87.43 |
|
Euro |
1 |
Rs.70.55 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.