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Report Date : |
04.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
ACTEGA DS GMBH |
|
|
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Registered Office : |
Straubinger Str. 12, D 28219 Bremen, Post Box 10 77 01, D 28077
Bremen |
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Country : |
Germany |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
29.05.1957 |
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Com. Reg. No.: |
HRB 3527 HB |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
producers of
sealants for the food and beverages industry developer
and producer of customized
plastic granules for medical and
pharmaceutical applications. |
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|
|
|
No. of Employees : |
125 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
TATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
--- |
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 – September 30th, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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 |
ACTEGA DS GmbH
Straubinger Str. 12
D 28219 Bremen
Post Box:10 77 01, D 28077 Bremen
Telephone:0421/39002-0
Telefax: 0421/39002-79
Homepage: www.actega.com
E-mail: info.actega.ds@altana.com
active
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 1957
Shareholders'
agreement: 17.05.1957
Registered on: 29.05.1957
Commercial Register: Local
court 28195 Bremen
under: HRB 3527 HB
Share capital:
EUR 520,000.00
ACTEGA GmbH
Abelstr. 43
D 46483 Wesel
Legal form: Private limited company
Share capital: EUR 23,100,000.00
Share: EUR 520,000.00
Registered on: 08.11.2001
Reg. data: 47051 Duisburg, HRB 11582
Profit transfer agreement
Dr. Roland Peter
Am Neuen Busch 6
D 46485 Wesel
authorized to jointly represent the company
born: 13.03.1957
Profession: Fully qualified chemist
Manager:
Wilfried Markus Laßek
D
27726 Worpswede
authorized to jointly represent the company
born:
06.11.1964
Profession: graduate engineer
Alexandra Podien
D 28219 Bremen
authorized to jointly represent the company
born: 11.08.1973
Proxy:
Guillermo Martinez Campos
D
28865 Lilienthal
authorized to jointly represent the
company
born:
18.09.1962
Further
functions/participations of Dr. Roland Peter (Manager)
Manager:
ACTEGA
Terra GmbH
Industriestr. 12
D 31275 Lehrte
Legal
form: Private limited company
Share
capital: EUR 250,000.00
Registered
on: 07.02.1992
Reg.
data: 31134 Hildesheim, HRB 35302
Manager:
ACTEGA
Colorchemie GmbH
Industriestr. 36
D
63654 Büdingen
Legal
form: Private limited company
Share capital: EUR 130,000.00
Registered
on: 21.06.1979
Reg.
data: 61169 Friedberg, HRB 3245
Manager:
ACTEGA
Rhenania GmbH
Rhenaniastr.
29-37
D
41516 Grevenbroich
Legal
form: Private limited company
Share
capital: EUR 1,000,000.00
Registered
on: 24.07.2001
Reg.
data: 41061 Mönchengladbach, HRB 8016
Manager:
ACTEGA
GmbH
Abelstr. 43
D
46483 Wesel
Legal
form: Private limited company
Share capital: EUR
23,100,000.00
Registered
on: 08.11.2001
Reg.
data: 47051 Duisburg, HRB 11582
29.05.1957 - 20.04.2007
DS-Chemie GmbH
Straubinger Str. 12
D
28219 Bremen
Private limited company
22.04.2009 -
08.01.2013 Manager
Dr.rer.nat.
Guido Forstbach
D
47623 Kevelaer
Main industrial sector
·
producers of
sealants for the food and beverages industry
developer and producer of customized plastic granules
for medical and pharmaceutical applications.
Manufacturer
of other chemical products
Payment experience: cash
discount/within agreed terms
Negative information: We
have no negative information at hand.
Balance sheet year: 2011
Type of ownership:
proprietor
Share: 100.00
%
Address
Straubinger Str. 12
D
28219 Bremen
Land register documents were not available.
COMMERZBANK, BREMEN
Sort. code: 29040090, Account no.: 1031152, BIC: COBADEFF290
Turnover: 2011 EUR 52,931,793.00
2012 EUR 53,000,000.00
further business figures:
Equipment: EUR 889,251.00
Ac/ts receivable: EUR 10,608,147.00
Liabilities: EUR 15,048,324.00
Employees:
125
-
thereof permanent staff: 117
-
Trainees:
8
Profit transfer
agreement to:
ACTEGA GmbH
Abelstr. 43
D 46483 Wesel
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 22.29
Liquidity ratio: 0.71
Return on total capital [%]: 11.21
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 27,367,048.54
Fixed assets
EUR 10,006,899.02
Intangible assets
EUR 548,439.69
Concessions, licences, rights
EUR 527,839.69
Advance payments for intang. assets
EUR 20,600.00
Tangible assets
EUR 9,458,459.33
Land / similar rights EUR 5,518,869.99
Plant / machinery
EUR 2,647,582.30
Other tangible assets / fixtures and
fittings
EUR 889,250.88
Advance payments made / construction
in progress
EUR 402,756.16
Current assets
EUR 17,353,230.08
Stocks
EUR 6,702,476.82
Raw materials, consumables and
supplies
EUR 3,283,364.23
Finished goods / work in progress
EUR 2,904,312.59
Advance payments made
EUR 514,800.00
Accounts receivable
EUR 10,608,147.19
Trade debtors
EUR 9,284,962.14
Amounts due from related companies
EUR 427,314.21
Other debtors and assets
EUR 895,870.84
Liquid means
EUR 42,606.07
Remaining other assets
EUR 6,919.44
Accruals (assets)
EUR 6,919.44
LIABILITIES EUR 27,367,048.54
Shareholders' equity EUR 6,099,582.57
Capital
EUR 520,000.00
Subscribed capital (share capital)
EUR 520,000.00
Reserves
EUR 5,532,942.54
Capital reserves
EUR 5,500,000.00
Retained earnings / revenue reserves EUR 32,942.54
Balance sheet profit/loss (+/-)
EUR 46,640.03
Profit / loss brought forward
EUR 46,640.03
Provisions EUR 6,219,141.50
Pension provisions and comparable
provisions
EUR 2,849,664.51
Other / unspecified provisions
EUR 3,369,476.99
Liabilities EUR 15,048,324.47
Other liabilities
EUR 15,048,324.47
Trade creditors (for IAS incl. bills
of exchange)
EUR 2,256,664.71
Liabililties due to related companiesEUR 12,392,227.09
Unspecified other liabilities
EUR 399,432.67
thereof liabilities from tax /
financial authorities
EUR 73,925.59
thereof liabilities from social
security EUR 6,939.68
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 52,931,793.35
Inventory change + own costs (+/-)
EUR 1,193,941.87
Inventory change (+/-)
EUR 629,798.88
Capitalised own costs
EUR 564,142.99
Cost of materials
EUR 37,960,335.35
Raw materials and supplies, purchased
goods EUR 37,960,335.35
Gross result (+/-)
EUR 16,165,399.87
Staff expenses
EUR 6,915,097.98
Wages and salaries
EUR 5,646,195.30
Social security contributions and
expenses for pension plans and
benefits
EUR 1,268,902.68
Total depreciation
EUR 1,054,135.73
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,054,135.73
Other operating expenses
EUR 4,885,346.42
Operating result from continuing
operations
EUR 3,310,819.74
Interest result (+/-)
EUR -241,745.23
Interest and similar income
EUR 1,798.17
Interest and similar expenses
EUR 243,543.40
thereof paid to related companies
EUR 146,100.81
Financial result (+/-)
EUR -241,745.23
Result from ordinary operations (+/-)
EUR 3,069,074.51
Annual surplus / annual deficit
EUR 3,069,074.51
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.34 |
|
UK Pound |
1 |
Rs.102.06 |
|
Euro |
1 |
Rs.84.46 |
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.