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Report Date : |
30.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
OHL LOGISTICS GMBH |
|
|
|
|
Registered Office : |
Scandinavian-Park 11 D 24983 Handewitt |
|
|
|
|
Country : |
Germany |
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|
|
|
Financials (as on) : |
31.12.2011 |
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|
|
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Date of Incorporation : |
03.06.2005 |
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|
|
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Com. Reg. No.: |
HRB 5420 FL |
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|
|
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Legal Form : |
Private Limited Company |
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|
|
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Line of Business : |
Freight transport by road and Forwarding agency. |
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|
|
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No. of Employees : |
60 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Maximum Credit Limit : |
50,000 EUR |
|
|
|
|
Status : |
Moderate |
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|
|
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Payment Behaviour : |
Slow but correct |
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|
|
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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 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 6.5% in 2012. GDP contracted
5.1% in 2009 but grew by 4.2% in 2010, and 3.0% in 2011, before dipping to 0.7%
in 2012 - a reflection of low investment spending due to crisis-induced
uncertainty and the decreased demand for German exports from recession-stricken
periphery countries. Stimulus and stabilization efforts initiated in 2008 and
2009 and tax cuts introduced in Chancellor Angela MERKEL's second term
increased Germany's total budget deficit - including federal, state, and
municipal - to 4.1% in 2010, but slower spending and higher tax revenues
reduced the deficit to 0.8% in 2011. In 2012 Germany reached a budget surplus
of 0.1%. 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 though the target was already reached in 2012. By 2014, the federal
government wants to balance its budget. 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 electricity generating capacity and 46%
of its base-load electricity production.
|
Source : CIA |
Ohl Logistics GmbH
Scandinavian-Park 11
D 24983 Handewitt
Telephone: 04608/97390-0
Telefax:
04608/97390-21
Homepage: www.ohllogistics.com
E-mail:
ohl@ohllogistics.com
Business relations are permissible.
Legal Form Private
limited company
Date of foundation: 03.06.2005
Begin of business
activities: 03.06.2005
Shareholders'
agreement: 03.06.2005
Registered on:
16.08.2005
Commercial Register: Local court 24937 Flensburg
under: HRB
5420 FL
EUR 25,000.00
Ohl Logistics A/S
Plantagevej 7 - 9
DK 6330 Padborg
Legal form: Other legal form
Share: EUR 25,000.00
Gert Christian Heinrich Nicolaisen
DK
Krusaa
having sole power of representation
born: 30.10.1950
Nationality: danish
Manager:
Ohl Solutions GmbH
Scandinavian-Park 11
D 24983 Handewitt
Legal form: Private limited company
Share capital: EUR 500,000.00
Registered on: 05.12.2012
Reg. data:
24937 Flensburg,
HRB 9702 FL
30.08.2005 - 02.08.2006 Ohl
Logistics GmbH
Am Markt 9
D 24955 Harrislee
Private limited company
Main industrial sector
49410
Freight transport by road
52291
Forwarding agency
Payment experience: within agreed terms
Negative information: We have no negative information at hand.
Maximum
credit: 50,000 EUR
Balance sheet year: 2011
Type of ownership: Tenant
Address Scandinavian-Park
11
D 24983 Handewitt
Land register documents were not
available.
HSH NORDBANK HAMBURG, KIEL, KIEL
Sort. code: 21050000, BIC: HSHNDEHHXXX
Turnover: 2011 EUR 7,900,000.00
2012 EUR 8,000,000.00
Expected turnover: EUR 8,000,000.00
Profit: 2011 EUR 8,998.00
further business figures:
Equipment: EUR 600,000.00
Ac/ts receivable: EUR 926,159.00
Liabilities:
EUR 926,834.00
Total numbers of vehicles: 60
- Lorries:
60
Employees:
60
The aforementioned business figures may partly
be estimated
information based on average values in the
line of business.
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: -83.00
Liquidity ratio: 0.47
Return on total capital [%]: 1.72
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: -222.23
Liquidity ratio: 0.22
Return on total capital [%]: 2.84
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 66.68
Liquidity ratio: 1.96
Return on total capital [%]: 2.44
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 72.94
Liquidity ratio: 2.13
Return on total capital [%]: 0.32
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: 01.01.2011 - 31.12.2011
ASSETS EUR 1,033,755.39
Fixed assets
EUR 29,279.00
Intangible assets
EUR 13,506.00
Other / unspecified intangible assetsEUR 13,506.00
Tangible assets
EUR 15,773.00
Other / unspecified tangible assets
EUR 15,773.00
Current assets
EUR 946,338.67
Accounts receivable
EUR 926,158.58
Other debtors and assets
EUR 926,158.58
Liquid means
EUR 20,180.09
Remaining other assets
EUR 58,137.72
Accruals (assets)
EUR 58,137.72
LIABILITIES EUR 1,033,755.39
Shareholders' equity
EUR 75,806.16
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR 50,806.16
Profit / loss brought forward
EUR 41,808.52
Annual surplus / annual deficit
EUR 8,997.64
Provisions
EUR 31,115.11
Liabilities
EUR 926,834.12
Other liabilities
EUR 926,834.12
Unspecified other liabilities
EUR 926,834.12
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 1,184,285.92
Fixed assets
EUR 52,437.00
Intangible assets
EUR 21,745.00
Other / unspecified intangible assetsEUR 21,745.00
Tangible assets
EUR 30,692.00
Other / unspecified tangible assets
EUR 30,692.00
Current assets
EUR 1,083,881.34
Stocks
EUR 3,399.90
Accounts receivable
EUR 1,059,768.02
Other debtors and assets
EUR 1,059,768.02
Liquid means
EUR 20,713.42
Remaining other assets EUR 47,967.58
Accruals (assets)
EUR 47,967.58
LIABILITIES EUR 1,184,285.92
Shareholders' equity
EUR 66,808.52
Capital EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR 41,808.52
Profit / loss brought forward
EUR 31,955.37
Annual surplus / annual deficit
EUR 9,853.15
Provisions
EUR 31,116.00
Liabilities
EUR 1,086,361.40
Other liabilities
EUR 1,086,361.40
Unspecified other liabilities EUR 1,086,361.40
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.67.71 |
|
UK Pound |
1 |
Rs.105.14 |
|
Euro |
1 |
Rs.90.03 |
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.