|
Report Date : |
24.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
Quimex Recycling GmbH & Co. KG |
|
|
|
|
Registered Office : |
Lüneburg, HRA 201300, Bunkenburger Str. 27, D 29331 Lachendorf |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
02.02.2011 |
|
|
|
|
Com. Reg. No.: |
Not Available |
|
|
|
|
Legal Form : |
Ltd partnership with Priv. Ltd. Company as General Partner |
|
|
|
|
Line of Business : |
Secondary Industrial Sector |
|
|
|
|
No. of Employees : |
5 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
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 |
Quimex Recycling GmbH & Co. KG
Company Status: active
Papierstr. 13
D 13409 Berlin
Telephone:030/49915210
Telefax: 030/49915215
Homepage: www.quimex.de
E-mail: info@quimex.de
VAT no.: DE275468107
Tax ID number: 30/109/07903
LEGAL FORM Ltd partnership with priv. ltd. company as
general partner
Date of foundation: 02.02.2011
Registered on: 20.01.2012
Register of
companies: Local court 14057 Berlin
under: HRA 46245 B
Total cap. contribution: EUR 12,500.00
Phuong Duyen Quan-Lam
Papierstr. 13
D 13409 Berlin
born: 05.03.1972
Share: EUR 12,500.00
Quimex Verwaltungsgesellschaft mbH
Papierstr. 13
D 13409 Berlin
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered on: 01.03.2012
Reg. data: 14057 Berlin, HRB 140344 B
Phuong Duyen Quan-Lam
Papierstr. 13
D 13409 Berlin
born: 05.03.1972
Share: EUR 25,000.00
Phuong Duyen Quan-Lam
Papierstr. 13
D 13409 Berlin
having sole power of representation
born: 05.03.1972
Long Thanh Quan
Papierstr. 13
D 13409 Berlin
having sole power of representation
born: 07.01.1965
Nationality: German
Marital status: unknown
02.02.2011 - 19.01.2012 Quimex Recycling GmbH & Co.KG AG
Lüneburg, HRA 201300
Bunkenburger Str. 27
D 29331 Lachendorf
Ltd partnership with priv. ltd. company
as general partner
Secondary industrial sector
3832 Recovery of sorted materials
4677 Wholesale of waste and scrap
52299 Service activities incidental to transportation n.e.c.
Payment experience: within periods customary in this trade
Negative information: We have no negative information at hand.
Balance sheet year: 2011
Type of ownership: Tenant
Address Papierstr. 13
D 13409 Berlin
Real Estate of: Quimex Verwaltungsgesellschaft mbH
Type of ownership: Tenant
Address Papierstr. 13
D 13409 Berlin
Land register documents were not available.
LANDESBANK BERLIN - BERLINER SPARKASSE, BERLIN
Sort. code: 10050000, Account no.: 190061685, BIC: BELADEBEXXX
BERLINER VOLKSBANK, BERLIN
Sort. code: 10090000, Account no.: 238567400, BIC: BEVODEBBXXX
Turnover: 2011 EUR 1,899,064.00
Expected turnover: EUR 3,200,000.00
Profit: 2011 EUR 35,620.00
Ac/ts receivable: EUR 87,234.00
Liabilities: EUR 122,035.00
Total numbers of vehicles: 2
- Passenger cars: 2
Employees: 5
- thereof permanent staff: 5
The aforementioned business figures may partly be estimated information based on average values in the line of business.
Balance sheet ratios 02.02.2011 - 31.12.2011
Equity ratio [%]: 27.80
Liquidity ratio: 1.03
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.
Type of balance sheet: Company balance sheet
Financial year: 02.02.2011 - 31.12.2011
ASSETS EUR 173,476.62
Fixed assets EUR 4,141.00
Tangible assets EUR 4,141.00
Other / unspecified tangible assets EUR 4,141.00
Current assets EUR 144,934.44
Stocks EUR 20,000.00
Accounts receivable EUR 87,233.80
Other debtors and assets EUR 87,233.80
Liquid means EUR 37,700.64
Remaining other assets EUR 24,401.18
Accruals (assets) EUR 24,401.18
LIABILITIES EUR 173,476.62
Shareholders' equity EUR 48,221.63
Capital EUR 48,221.63
Capital of the fully liable partner
(LP, general partnership) EUR 11,325.00
Capital contribution of gen.
partner/accounts of the pers. liable
shareholder EUR 11,325.00
Limited partner's capital / capital
of partially liable partner (LP) EUR 36,896.63
Provisions EUR 3,220.00
Liabilities EUR 122,034.99
Other liabilities EUR 122,034.99
Unspecified other liabilities EUR 122,034.99
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.34 |
|
UK Pound |
1 |
Rs.88.30 |
|
Euro |
1 |
Rs.71.37 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
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.