MIRA INFORM REPORT

 

 

Report Date :

01.06.2013

 

IDENTIFICATION DETAILS

 

Name :

DÖHLER NEUENKIRCHEN GMBH

 

 

Registered Office :

Dorfstr. 17, D 21763 Neuenkirchen

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

25.11.1975

 

 

Com. Reg. No.:

HRB 110830

 

 

Legal Form :

Private limited company

 

 

Line of Business :

Manufacture of fruit and vegetable juice

 

 

No. of Employees :

154

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Good

Payment Behaviour :

No Complaints

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

 

 

 

 

 

COMPANY NAME & ADDRESS

 

DÖHLER NEUENKIRCHEN GMBH

 

 Company Status:          active

                                    Dorfstr. 17

                                    D 21763 Neuenkirchen

                                    Telephone:04751/92200

                                    Telefax:  04751/922022

                                     Homepage: www.doehler.com

                                    E-mail:   dinter@doehler.com

 

VAT no. 

    

DE129327935

 

CONCLUSION

 

 Business relations are permissible.

 

Syntheiss

 

 LEGAL FORM               Private limited company

 Date of foundation:        25.11.1975

 Shareholders'

 agreement:                   25.11.1975

 Registered on:              01.08.2005

 Commercial Register:    Local court 21255 Tostedt

 under:                          HRB 110830

 

Share capital 

                

  EUR         10,000,000.00

 

 Shareholder

 

                      DÖHLER GmbH

                      Riedstr. 7-9

                      D 64295 Darmstadt

                      Post Box:

                      10 04 64, D 64204 Darmstadt

                      Legal form: Private limited company

                      Share capital:     EUR         83,200,000.00

                      Share:             EUR         10,000,000.00

                      Registered on: 09.12.1994

                      Reg. data: 64283 Darmstadt, HRB 5979

 Manager:

                      Axel Gillner

                      Medemland 12

                      D 21762 Otterndorf

                      authorized to jointly represent the company

                      born: 27.08.1957

                      Profession: graduate engineer

 Manager:

                      Andreas Klein

                      D 64283 Darmstadt

                      born: 17.08.1971

 Manager:

                      Hubert Gründing

                      D 41844 Wegberg

                      born: 11.02.1956

                      Profession: Businessman

 Proxy:

                      Dr. Bernd Metzner

                      D 64295 Darmstadt

                      authorized to jointly represent the company

                      born: 13.10.1970 in Ruit auf den Fildern

                      Profession: Tax adviser

                      Marital status: unknown

 

 Further functions/participations of Andreas Klein (Manager)

 Shareholder:

                      DÖHLER GmbH

                      Riedstr. 7-9

                      D 64295 Darmstadt

                      Post Box:

                      10 04 64, D 64204 Darmstadt

                      Legal form: Private limited company

                      Share capital:     EUR         83,200,000.00

                      Share:             EUR         13,728,000.00

                      Registered

                      on:         09.12.1994

                      Reg. data:  64283 Darmstadt, HRB 5979

 Shareholder:

                      I-Invest GmbH

                      Riedstr. 9

                      D 64295 Darmstadt

                      Legal form: Private limited company

                      Share capital:     EUR          1,500,000.00

                      Share:             EUR            120,000.00

                      Registered

                      on:         08.07.1958

                      Reg. data:  64283 Darmstadt, HRB 1269

 Manager:

                      DÖHLER Financial Services GmbH

                      Riedstr. 7-9

                      D 64295 Darmstadt

                      Legal form: Private limited company

                      Share capital:     EUR             30,000.00

                      Registered

                      on:         23.07.1981

                      Reg. data:  64283 Darmstadt, HRB 2895

 Manager:

                      DÖHLER GmbH

                      Riedstr. 7-9

                      D 64295 Darmstadt

                      Post Box:

                      10 04 64, D 64204 Darmstadt

                      Legal form: Private limited company

                      Share capital:     EUR         83,200,000.00

                      Registered

                      on:         09.12.1994

                      Reg. data:  64283 Darmstadt, HRB 5979

 Manager:

                      Döhler International GmbH

                      Riedstr. 7-9

                      D 64295 Darmstadt

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         16.04.2010

                      Reg. data:  64283 Darmstadt, HRB 88819

 

 

 COMPANY HISTORY

 

 25.11.1975 -     01.04.2004  Dinter GmbH

                          Gaißacher Str. 18

                          D 81371 München

                          Private limited company

 01.04.2004 -     14.09.2009  Dinter GmbH

                          Dorfstr. 17

                          D 21763 Neuenkirchen

                          Private limited company

 

 BUSINESS ACTIVITIES

 

 Main industrial sector

 10320   Manufacture of fruit and vegetable juice

 

 

 

 PARTICIPATIONS

 

 Shareholder:

                      Speditionsgesellschaft TeconjambH

                      Seehofallee 18a

                      D 22177 Hamburg

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             50,000.00

                      Share:             EUR             25,000.00

                      Reg. data:  10.03.2003

                                  Local court 20355 Hamburg

                                  HRB 86635

 

 FINANCIAL INFORMATION

 

 Payment experience:  within agreed terms

 

 Negative information: We have no negative information at hand.

 

Balance sheet year:  2010

 

REAL ESTATE

 

 Type of ownership:        proprietor

 Share:                          100.00 %

 Address                       Dorfstr. 17

                                    D 21763 Neuenkirchen

 

 Land register documents were not available.

 

 BANKERS

 

 KREISSPARKASSE WESERMÜNDE-HADELN, BREMERHAVEN

 Sort. code: 29250150, BIC: BRLADE21BRK

 BREMER LANDESBANK, BREMEN

 Sort. code: 29050000, BIC: BRLADE22XXX

 SEB, MÜNCHEN

 Sort. code: 70010111, BIC: ESSEDE5F700

 

 FINANCIAL FIGURES

 Turnover:            2011               EUR        136,000,000.00

                      2012               EUR        136,240,000.00

 further business figures:

 Equipment:                              EUR            373,034.00

 Ac/ts receivable:                       EUR         28,385,023.00

 Liabilities:                            EUR         71,197,462.00

 Employees:                                                    154

 - Trainees:                                                    10

 

 BALANCE SHEETS

 

 Balance sheet ratios 01.01.2010 - 31.12.2010

 Equity ratio [%]:                 32.11

 Liquidity ratio:                   0.40

 Return on total capital [%]:      -0.82

 

 Balance sheet ratios 01.01.2009 - 31.12.2009

 Equity ratio [%]:                 56.14

 Liquidity ratio:                   0.49

 Return on total capital [%]:      13.96

 

 

 Balance sheet ratios 01.01.2008 - 31.12.2008

 Equity ratio [%]:                 36.64

 Liquidity ratio:                   0.43

 Return on total capital [%]:       2.58

 

 Balance sheet ratios 01.01.2007 - 31.12.2007

 Equity ratio [%]:                 49.27

 Liquidity ratio:                   0.39

 Return on total capital [%]:      -1.19

 

 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        115,928,482.63

  Fixed assets                           EUR         43,765,261.26

   Intangible assets                     EUR             38,474.44

    Concessions, licences, rights        EUR             38,474.44

   Tangible assets                       EUR         11,274,820.31

    Land / similar rights                EUR          6,917,561.55

    Plant / machinery                    EUR          3,984,224.76

    Other tangible assets / fixtures and

    fittings                             EUR            373,034.00

   Financial assets                      EUR         32,451,966.51

    Shares in participations /

    subsidiaries and the like            EUR         27,381,966.51

     Shares in related companies         EUR         19,319,604.38

     Shares in investee companies        EUR          8,062,362.13

    Loans to participations /

    subsidiaries and the like            EUR          5,070,000.00

     Loans to investee companies         EUR          5,070,000.00

  Current assets                         EUR         72,076,985.93

   Stocks                                EUR         43,669,723.35

    Raw materials, consumables and

    supplies                             EUR         14,780,797.06

    Finished goods / work in progress    EUR         23,529,584.76

    Advance payments made                EUR          5,359,341.53

   Accounts receivable                   EUR         28,385,022.77

    Trade debtors                        EUR         16,639,203.13

    Amounts due from related companies   EUR         10,300,831.19

    Other debtors and assets             EUR          1,444,988.45

   Liquid means                          EUR             22,239.81

  Remaining other assets                 EUR             86,235.44

   Accruals (assets)                     EUR             86,235.44

 

 LIABILITIES                             EUR        115,928,482.63

  Shareholders' equity                   EUR         36,723,443.07

   Capital                               EUR         10,000,000.00

    Subscribed capital (share capital)   EUR         10,000,000.00

   Reserves                              EUR         21,723,443.07

    Capital reserves                     EUR         20,000,000.00

    Retained earnings / revenue reserves EUR          1,723,443.07

   Other shareholders' equity (+/-)      EUR          5,000,000.00

    Other / unspecified part of the

    shareholders' equity                 EUR          5,000,000.00

  Provisions                             EUR          8,007,576.29

   Other / unspecified provisions        EUR          8,007,576.29

  Liabilities                            EUR         71,197,462.39

   Financial debts                       EUR         61,046,030.36

    Liabilities due to banks             EUR         61,046,030.36

   Other liabilities                     EUR         10,151,432.03

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR          6,837,235.91

    Liabililties due to related companiesEUR          2,349,053.33

    Unspecified other liabilities        EUR            965,142.79

     thereof liabilities from tax /

     financial authorities               EUR            133,062.71

     thereof liabilities from social

     security                            EUR             26,582.67

  Difference assets / liabilities        EUR                  0.88

 

 PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.

 Code (HGB)

  Sales                                  EUR        136,300,391.03

  Inventory change + own costs (+/-)     EUR          4,531,484.78

   Inventory change (+/-)                EUR          4,531,484.78

  Other operating income                 EUR          4,350,134.91

  Cost of materials                      EUR        113,806,776.35

   Raw materials and supplies, purchased

   goods                                 EUR        109,424,629.63

   Purchased services                    EUR          4,382,146.72

  Gross result (+/-)                     EUR         31,375,234.37

  Staff expenses                         EUR          8,458,008.40

   Wages and salaries                    EUR          7,133,239.64

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR          1,324,768.76

  Total depreciation                     EUR          1,941,175.27

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR          1,941,175.27

  Other operating expenses               EUR         21,641,281.56

  Operating result from continuing

  operations                             EUR           -665,230.86

  Result from participating interests

  (+/-)                                  EUR             88,118.75

   Expenses / income from participations EUR             88,118.75

  Interest result (+/-)                  EUR           -588,813.73

   Interest and similar income           EUR            418,140.35

    thereof from related companies       EUR            331,552.96

   Interest and similar expenses         EUR          1,006,954.08

    thereof paid to related companies    EUR             66,760.64

  Financial result (+/-)                 EUR           -500,694.98

  Result from ordinary operations (+/-)  EUR         -1,165,925.84

  Extraordinary income                   EUR             61,921.44

  Extraordinary expenses                 EUR             16,376.28

   Other extraordinary expenses          EUR             16,376.28

  Extraordinary result (+/-)             EUR             45,545.16

  Income tax / refund of income tax (+/-)EUR            -52,760.00

  Other taxes / refund of taxes          EUR            267,966.01

  Tax (+/-)                              EUR            215,206.01

  Annual surplus / annual deficit        EUR           -905,174.67

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2009 - 31.12.2009

 

 ASSETS                                  EUR         87,478,161.75

  Fixed assets                           EUR         31,898,905.69

   Intangible assets                     EUR            222,885.00

    Concessions, licences, rights        EUR            222,885.00

   Tangible assets                       EUR         12,331,416.31

    Land / similar rights                EUR          7,243,990.55

    Plant / machinery                    EUR          4,675,082.76

    Other tangible assets / fixtures and

    fittings                             EUR            412,343.00

   Financial assets                      EUR         19,344,604.38

    Shares in participations /

    subsidiaries and the like            EUR         19,344,604.38

     Shares in related companies         EUR         19,319,604.38

     Shares in investee companies        EUR             25,000.00

  Current assets                         EUR         55,465,436.06

   Stocks                                EUR         38,941,199.80

    Raw materials, consumables and

    supplies                             EUR         14,312,674.71

    Finished goods / work in progress    EUR         23,293,551.10

    Advance payments made                EUR          1,334,973.99

   Accounts receivable                   EUR         16,427,492.77

    Trade debtors                        EUR         12,253,281.09

    Amounts due from related companies   EUR          3,008,881.46

    Amounts due from investee companies  EUR            964,538.89

    Other debtors and assets             EUR            200,791.33

   Liquid means                          EUR             96,743.49

  Remaining other assets                 EUR            113,820.00

   Accruals (assets)                     EUR            113,820.00

 

 LIABILITIES                             EUR         87,478,161.75

  Shareholders' equity                   EUR         36,723,443.07

   Capital                               EUR         10,000,000.00

    Subscribed capital (share capital)   EUR         10,000,000.00

   Reserves                              EUR         21,723,443.07

    Capital reserves                     EUR         20,000,000.00

    Retained earnings / revenue reserves EUR          1,723,443.07

   Other shareholders' equity (+/-)      EUR          5,000,000.00

    Other / unspecified part of the

    shareholders' equity                 EUR          5,000,000.00

  Provisions                             EUR          4,637,058.05

   Other / unspecified provisions        EUR          4,637,058.05

  Liabilities                            EUR         46,117,660.63

   Financial debts                       EUR          2,952,184.09

    Liabilities due to banks             EUR          2,952,184.09

   Other liabilities                     EUR         43,165,476.54

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR          3,163,509.87

    Liabilities from received advance

    payments                             EUR            145,200.00

    Liabililties due to related companiesEUR         13,193,757.51

    Unspecified other liabilities        EUR         26,663,009.16

     thereof liabilities from tax /

     financial authorities               EUR            133,674.18

     thereof liabilities from social

     security                            EUR                465.11

 

 PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.

 Code (HGB)

  Sales                                  EUR        147,473,884.12

  Inventory change + own costs (+/-)     EUR         -1,081,590.74

   Inventory change (+/-)                EUR         -1,081,590.74

  Other operating income                 EUR          6,810,855.39

  Cost of materials                      EUR        112,516,975.51

   Raw materials and supplies, purchased

   goods                                 EUR        112,516,975.51

  Gross result (+/-)                     EUR         40,686,173.26

  Staff expenses                         EUR          7,945,749.35

   Wages and salaries                    EUR          6,706,016.93

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR          1,239,732.42

  Total depreciation                     EUR          2,960,003.12

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR          2,960,003.12

  Other operating expenses               EUR         17,307,395.54

  Operating result from continuing

  operations                             EUR         12,473,025.25

  Result from participating interests

  (+/-)                                  EUR            250,000.00

   Expenses / income from participations EUR            250,000.00

    Income from related companies        EUR            250,000.00

  Interest result (+/-)                  EUR           -905,381.72

   Interest and similar income           EUR            230,103.26

   Interest and similar expenses         EUR          1,135,484.98

  Financial result (+/-)                 EUR           -655,381.72

  Result from ordinary operations (+/-)  EUR         11,817,643.53

  Expenses for transfer of profits to a

  parent company                         EUR         12,196,923.78

  Income tax / refund of income tax (+/-)EUR               -107.57

  Other taxes / refund of taxes          EUR            379,387.82

  Tax (+/-)                              EUR            379,280.25

  Annual surplus / annual deficit        EUR                  0.00

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.56.49

UK Pound

1

Rs.86.00

Euro

1

Rs.73.68

 

INFORMATION DETAILS

 

Report Prepared by :

NLM

 

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%)

 

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.