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Report Date : |
20.09.2012 |
IDENTIFICATION DETAILS
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Name : |
SYNERJUICE
GMBH |
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Registered Office : |
Rungholt
30 D 22149 |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
09.02.1999 |
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Com. Reg. No.: |
HRB
69940 |
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Legal Form : |
Private
Limited Company |
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Line of Business : |
Non-specialized
wholesale of food, beverages and tobacco |
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No. of Employees : |
6 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Germany |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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 |
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
Synerjuice GmbH
Company Status: active
Rungholt 30
D 22149 Hamburg
Telephone:040/6704500
Telefax: 040/67045099
Homepage:
www.synerjuice.de
E-mail: info@synerjuice.de
DE206547769
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1999
Shareholders'
agreement:
08.01.1999
Registered on: 09.02.1999
Commercial Register: Local court 20355 Hamburg
under: HRB
69940
EUR 25,000.00
Jocelyne Marcelle Yvonne
Morin
Am Sooren 15a
D 22149 Hamburg
born: 19.01.1948
Share: EUR 25,000.00
Manager:
Jocelyne Marcelle Yvonne
Morin
Am Sooren 15a
D 22149 Hamburg
having sole power of
representation
born: 19.01.1948
Profession: Businessman
FURTHER
FUNCTIONS/PARTICIPATIONS OF JOCELYNE MARCELLE YVONNE MORIN (MANAGER)
Shareholder:
HLF Hansa Liquid Fruit
GmbH Im- und Export
von
Lebensmittelerzeugnissen
Rungholt 30
D 22149 Hamburg
Legal form: Private
limited company
Share capital: EUR 281,210.53
Share: EUR 281,210.53
Registered
on: 17.06.1991
Reg. data: 20355 Hamburg, HRB 47453
Sectors
46399
Non-specialized wholesale of food, beverages and tobacco
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2010
Type of ownership: Tenant
Address Rungholt 30
D 22149 Hamburg
Land register documents were not available.
UNICREDIT BANK - HYPOVEREINSBANK, HAMBURG
Sort. code: 20030000, BIC: HYVEDEMM300
Turnover: 2010 EUR 11,000,000.00
2011 EUR 11,000,000.00
further business figures:
Equipment: EUR 60,000.00
Ac/ts receivable: EUR 1,500,647.00
Liabilities: EUR 2,673,277.00
Employees:
6
The aforementioned business figures may partly
be estimated
information based on average values in the
line of business.
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 39.36
Liquidity ratio: 0.63
Return on total capital [%]: 12.41
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 33.33
Liquidity ratio: 0.66
Return on total capital [%]: 4.39
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 35.74
Liquidity ratio: 0.74
Return on total capital [%]: -12.55
Balance sheet ratios 01.01.2007 - 31.12.2007
Equity ratio [%]: 40.46
Liquidity ratio: 0.88
Return on total capital [%]: 2.92
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: 01.01.2010 - 31.12.2010
ASSETS EUR 4,752,437.00
Fixed assets
EUR 53,553.02
Tangible assets
EUR 53,420.00
Other / unspecified tangible assets
EUR 53,420.00
Financial assets
EUR 133.02
Other / unspecified financial assets EUR 133.02
Current assets
EUR 4,698,775.98
Stocks
EUR 2,907,311.44
Accounts receivable
EUR 1,500,646.56
Other debtors and assets
EUR 1,500,646.56
Liquid means EUR 290,817.98
Remaining other assets
EUR 108.00
Accruals (assets)
EUR 108.00
LIABILITIES EUR 4,752,437.00
Shareholders' equity
EUR 1,870,361.42
Capital
EUR 24,250.00
Subscribed capital (share capital)
EUR 24,250.00
Balance sheet profit/loss (+/-)
EUR 1,846,111.42
Profit / loss brought forward EUR 1,846,111.42
Provisions
EUR 208,798.31
Liabilities
EUR 2,673,277.27
Other liabilities
EUR 2,673,277.27
Unspecified other liabilities
EUR 2,673,277.27
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2009 - 31.12.2009
ASSETS EUR 3,842,788.72
Fixed assets EUR 73,008.02
Tangible assets
EUR 71,075.00
Other / unspecified tangible assets
EUR 71,075.00
Financial assets
EUR 1,933.02
Other / unspecified financial assets EUR 1,933.02
Current assets
EUR 3,769,672.70
Stocks
EUR 1,955,324.72
Accounts receivable
EUR 1,422,239.73
Other debtors and assets
EUR 1,422,239.73
Liquid means
EUR 392,108.25
Remaining other assets
EUR 108.00
Accruals (assets) EUR 108.00
LIABILITIES EUR 3,842,788.72
Shareholders' equity
EUR 1,280,739.13
Capital
EUR 24,250.00
Subscribed capital (share capital)
EUR 24,250.00
Balance sheet profit/loss (+/-)
EUR 1,256,489.13
Profit / loss brought forward
EUR 1,256,489.13
Provisions
EUR 6,000.00
Liabilities
EUR 2,556,049.59
Other liabilities
EUR 2,556,049.59
Unspecified other liabilities
EUR 2,556,049.59
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.54.26 |
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|
1 |
Rs.88.14 |
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Euro |
1 |
Rs.71.03 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<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.