MIRA
INFORM REPORT
|
Report Date : |
26.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
EFEFIRAT WARENVERTRIEBS GMBH |
|
|
|
|
Registered Office : |
Neue Finien 9, Achim, 28832 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
26.11.1999 |
|
|
|
|
Com. Reg. No.: |
121419 |
|
|
|
|
Legal Form : |
Private Independent Company |
|
|
|
|
Line of Business : |
wholesaler of dairy produce; wholesale of eggs; and wholesale of edible oils and fats |
|
|
|
|
No. of Employees : |
30 employees |
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 : |
Unknown |
|
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 |
Company name & address
Efefirat Warenvertriebs GmbH
Neue Finien 9
Achim, 28832
Germany
Tel: +49 (0) 4202 7756
Fax: +49 (0) 4202 76135
Synthesis
Employees: 30
Company Type: Private Independent
Incorporation Date:
26-Nov-1999
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2010
Reporting Currency: Euro
Annual Sales: NA
Total Assets: 1.6
Business Description
Efefirat Warenvertriebs GmbH is primarily engaged in wholesale of dairy produce; wholesale of eggs; and wholesale of edible oils and fats.
Industry
Industry Food Processing
ANZSIC 2006: 3603 - Dairy
Produce Wholesaling
NACE 2002: 5133 - Wholesale
of dairy produce, eggs and edible oils and fats
NAICS 2002: 4244 - Grocery and
Related Product Merchant Wholesalers
UK SIC 2003: 5133 - Wholesale
of dairy produce, eggs and edible oils and fats
UK SIC 2007: 4633 - Wholesale
of dairy products, eggs and edible oils and fats
US SIC 1987: 5149 - Groceries and
Related Products, Not Elsewhere Classified
Key Executives
Name Title
Ceyhan-Ă–mer Aktas Managing
director
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7550783
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064
Corporate Overview
Location
Neue Finien 9
Achim, 28832
Germany
Tel: +49 (0) 4202 7756
Fax: +49 (0) 4202 76135
Sales EUR(mil): NA
Assets EUR(mil): 1.2
Employees: 30
Fiscal Year End: 31-Dec-2010
Industry: Food
Processing
Incorporation Date: 26-Nov-1999
Company Type: Private
Independent
Quoted Status: Not
Quoted
Registered No.(DEU): 121419
Managing director: Ceyhan-Ă–mer
Aktas
Contents
Industry Codes
Business Description
Financial Data
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
3603 - Dairy Produce Wholesaling
3609 - Other Grocery Wholesaling
3606 - Liquor and Tobacco Product Wholesaling
3323 - Industrial and Agricultural Chemical Product Wholesaling
3605 - Fruit and Vegetable Wholesaling
NACE 2002 Codes:
5133 - Wholesale of dairy produce, eggs and edible oils and fats
5134 - Wholesale of alcoholic and other beverages
5139 - Non-specialised wholesale of food, beverages and tobacco
5131 - Wholesale of fruit and vegetables
5155 - Wholesale of chemical products
NAICS 2002 Codes:
4244 - Grocery and Related Product Merchant Wholesalers
4248 - Beer, Wine, and Distilled Alcoholic Beverage Merchant
Wholesalers
4246 - Chemical and Allied Products Merchant Wholesalers
424490 - Other Grocery and Related Products Merchant Wholesalers
424480 - Fresh Fruit and Vegetable Merchant Wholesalers
US SIC 1987:
5149 - Groceries and Related Products, Not Elsewhere Classified
518 - Beer, Wine, and Distilled Alcoholic Beverages
516 - Chemicals and Allied Products
5148 - Fresh Fruits and Vegetables
UK SIC 2003:
5133 - Wholesale of dairy produce, eggs and edible oils and fats
5131 - Wholesale of fruit and vegetables
5139 - Non-specialised wholesale of food, beverages and tobacco
5155 - Wholesale of chemical products
5134 - Wholesale of alcoholic and other beverages
UK SIC 2007:
4633 - Wholesale of dairy products, eggs and edible oils and fats
4675 - Wholesale of chemical products
4639 - Non-specialised wholesale of food, beverages and tobacco
4634 - Wholesale of alcoholic and other beverages
4631 - Wholesale of fruit and vegetables
Business
Description
Efefirat Warenvertriebs GmbH is primarily engaged in wholesale of dairy produce; wholesale of eggs; and wholesale of edible oils and fats.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
Executive report
|
Executives |
|
|
|
|
||||
|
Managing director |
Managing Director |
|
Annual Profit & Loss
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.755078 |
0.719047 |
0.683679 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Provisions |
0.0 |
0.0 |
0.0 |
Annual Balance
Sheet
Financials in: USD (mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Issued capital |
0.0 |
0.0 |
0.0 |
|
Profits for the year |
-0.1 |
-0.1 |
0.0 |
|
Total stockholders
equity |
-0.1 |
-0.1 |
0.0 |
|
Provisions and allowances |
0.0 |
0.0 |
0.0 |
|
Total long-term
liabilities |
0.1 |
0.1 |
0.1 |
|
Total current
liabilities |
1.6 |
0.3 |
0.2 |
|
Total
liabilities (including net worth) |
1.6 |
0.2 |
0.3 |
|
Non-issued capital |
- |
0.0 |
0.0 |
|
Intangibles |
0.1 |
- |
- |
|
Total tangible
fixed assets |
0.2 |
0.1 |
0.1 |
|
Total
non-current assets |
0.2 |
0.1 |
0.1 |
|
Net stocks and work in progress |
0.4 |
0.1 |
0.2 |
|
Total
receivables |
0.9 |
0.1 |
0.1 |
|
Cash and liquid assets |
0.0 |
0.0 |
0.0 |
|
Total current
assets |
1.4 |
0.2 |
0.2 |
|
Prepaid expenses and deferred costs |
0.0 |
0.0 |
0.0 |
|
Total assets |
1.6 |
0.2 |
0.3 |
Annual Ratios
Financials in: USD (mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Current ratio |
8.90 |
5.70 |
10.32 |
|
Acid test ratio |
6.09 |
2.70 |
3.17 |
|
Total liabilities to net worth |
-3.25% |
-0.34% |
0.72% |
|
Net worth to total assets |
0.00% |
-0.04% |
0.01% |
|
Current liabilities to net worth |
-2.99% |
-0.29% |
0.56% |
|
Current liabilities to stock |
0.36% |
0.33% |
0.14% |
|
Fixed assets to net worth |
-0.43% |
-0.07% |
0.22% |
|
Net worth |
-0.1 |
-0.1 |
0.0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.63 |
|
UK Pound |
1 |
Rs.86.18 |
|
Euro |
1 |
Rs.69.75 |
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.