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Report Date : |
25.09.2012 |
IDENTIFICATION DETAILS
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Name : |
ALBKO PROJEKT GMBH & CO. KG |
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Registered Office : |
Konsul-Smidt-Str. 76a D 28217 Bremen |
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Country : |
Germany |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
02.06.2010 |
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Com. Reg. No.: |
HRA 25623 HB |
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Legal Form : |
Ltd partnership with priv. ltd. company as general partner |
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Line of Business : |
Wholesale of waste and scrap |
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No. of Employees : |
1 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small Company |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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
albko Projekt GmbH & Co. KG
Company
Status: active
Konsul-Smidt-Str. 76a
D 28217 Bremen
Telephone:0421/3889870
Telefax: 0421/38898729
Homepage: www.albko.de
E-mail: b.koenig@albko.de
LEGAL FORM Ltd
partnership with priv. ltd. company as
general
partner
Date of
foundation: 02.06.2010
Registered
on: 02.06.2010
Register of
companies: Local
court 28195 Bremen
under: HRA
25623 HB
EUR 5,000.00
Albko Holding GmbH
Konsul-Smidt-Str. 76a
D 28217 Bremen
Legal form: Private
limited company
Share capital: EUR 100,000.00
Share: EUR 5,000.00
Registered on: 03.05.2010
Reg. data: 28195 Bremen,
HRB 26313 HB
General partner:
Albko Verwaltungs GmbH
Konsul-Smidt-Str. 76a
D 28217 Bremen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered on: 12.05.2010
Reg. data: 28195 Bremen,
HRB 26336 HB
Shareholder:
Albko Holding GmbH
Konsul-Smidt-Str. 76a
D 28217 Bremen
Legal form: Private
limited company
Share capital: EUR 100,000.00
Share: EUR 25,000.00
Registered on: 03.05.2010
Reg. data: 28195 Bremen,
HRB 26313 HB
Manager:
Björn Alexander König
Parkstr. 84
D 28209 Bremen
having sole power of representation
born: 20.10.1976
Manager:
Andreas Lonzer
Stüher Str. 5c
D 27777 Ganderkesee
having sole power of
representation
born: 01.04.1971
02.06.2010 -
04.08.2010 albko Projekt GmbH & Co.
KG
Konsul-Smidt-Str. 46a
D 28217 Bremen
Ltd partnership with
priv. ltd. company
as general partner
Main industrial
sector
4677 Wholesale of waste and scrap
Payment
experience: within periods customary in
this trade
Negative
information:We have no negative information at hand.
Balance sheet
year: 2010
Type of
ownership: Tenant
Address Konsul-Smidt-Str. 76a
D 28217 Bremen
Land register
documents were not available.
OLDENBURGISCHE
LANDESBANK AG, OLDENBURG (OLDB)
Sort. code:
28020050, BIC: OLBODEH2XXX
Turnover: 2010 EUR 600,000.00
2011 EUR 555,000.00
further business
figures:
Equipment: EUR 17,000.00
Ac/ts
receivable:
EUR 65,386.00
Liabilities: EUR 119,805.00
Employees:
1
- thereof permanent
staff: 1
The aforementioned
business figures may partly be estimated
information based
on average values in the line of business.
Balance sheet
ratios 02.06.2010 - 31.12.2010
Equity ratio
[%]: 33.76
Liquidity
ratio: 0.87
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: 02.06.2010 - 31.12.2010
ASSETS EUR 121,804.80
Current assets EUR 116,382.81
Stocks EUR 50,997.12
Accounts receivable EUR 65,385.69
Remaining other assets EUR 5,421.99
Deficit not covered by shareholders'
equity EUR 5,421.99
LIABILITIES EUR 121,804.80
Shareholders' equity EUR 0.00
Capital EUR -5,000.00
Limited partner's capital / capital
of partially liable partner (LP) EUR -5,000.00
- not yet paid-up capital (capital
of partially limited partner) EUR 5,000.00
Other shareholders' equity (+/-) EUR 5,000.00
Deficit not covered by shareholders'
equity EUR 5,000.00
Provisions EUR 2,000.00
Liabilities EUR 119,804.80
Other liabilities EUR 119,804.80
Unspecified other liabilities EUR 119,804.80
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.29 |
|
|
1 |
Rs.86.43 |
|
Euro |
1 |
Rs.68.95 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.