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Report Date : |
26.03.2013 |
IDENTIFICATION DETAILS
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Name : |
PHARMACHEMICALS HANDELS GMBH |
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Registered Office : |
Spaldingstr. 210, D 20097 Hamburg |
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Country : |
Germany |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
06.12.1996 |
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Com. Reg. No.: |
HRB 62976 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Agents involved in the sale of fuels, ores, metals and
industrial chemicals |
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No. of Employees : |
05 |
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 : |
Usually Correct |
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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 (31.03.2012) |
Current Rating (30.06.2012) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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.
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Source : CIA |
PHARMACHEMICALS Handels GmbH
Spaldingstr. 210
D 20097 Hamburg
Telephone: 040/2369492
Telefax: 040/2369368
Homepage: www.pharmachemicals-gmbh.de
E-mail: info@pharmachemicals-gmbh.de
active
LEGAL FORM Private limited company
Date of foundation: 1996
Shareholders'
agreement: 18.09.1996
Registered on: 06.12.1996
Commercial Register: Local court 20355 Hamburg
under: HRB 62976
Share capital: EUR 50,000.00
Dr. Avraam Sarafidis
Grenzknick 7
D 22043 Hamburg
born: 18.11.1961
Share: EUR 50,000.00
Dr. Avraam Sarafidis
Grenzknick 7
D 22043 Hamburg
having sole power of representation
born: 18.11.1961
Profession: Chemist
Michaela Sarafidis
D 20097 Hamburg
having sole power of representation
born: 26.06.1958
11.07.1997 - 31.12.1998 TRANSPHARMA and CHEMICALS Handels GmbH
Gotenstr. 13
D 20097 Hamburg
Private limited company
Sectors
· 46120 Agents involved in the sale of fuels, ores, metals andindustrial chemicals
· 46461 Wholesale of pharmaceutical goods
· 46760 Wholesale of other intermediate goods
Payment experience: within agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2011
Type of ownership: Tenant
Address Spaldingstr. 210
D 20097 Hamburg
Real Estate of: Dr. Avraam Sarafidis
Type of ownership: unknown
Address Grenzknick 7
D 22043 Hamburg
Land register documents were not available.
Principal bank
COMMERZBANK, HAMBURG
Sort. code: 20040000, BIC: COBADEHHXXX
Profit: 2011 EUR 1,129,328.00
Ac/ts
receivable:
EUR 3,846,778.00
Liabilities: EUR 933,483.00
Employees: 5
- Freelancer:
1
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
[%]: 73.55
Liquidity
ratio: 10.00
Return on total
capital [%]: 21.39
Balance sheet ratios
01.01.2010 - 31.12.2010
Equity ratio
[%]: 61.84
Liquidity
ratio: 10.00
Return on total
capital [%]: 20.04
Balance sheet ratios
01.01.2009 - 31.12.2009
Equity ratio
[%]: 59.71
Liquidity
ratio: 8.94
Return on total
capital [%]: 20.20
Balance sheet ratios
01.01.2008 - 31.12.2008
Equity ratio
[%]: 48.04
Liquidity
ratio: 3.24
Return on total
capital [%]: 16.03
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 5,280,289.19
Fixed assets EUR 76,788.12
Tangible assets EUR 7,012.12
Other / unspecified
tangible assets EUR 7,012.12
Financial assets EUR 69,776.00
Other / unspecified
financial assets EUR
69,776.00
Current assets EUR 5,181,291.46
Stocks EUR 524,656.31
Accounts receivable EUR 3,846,777.62
Other debtors and assets EUR 3,846,777.62
Liquid means EUR 809,857.53
Remaining other
assets EUR 22,209.61
Accruals (assets) EUR 22,209.61
LIABILITIES EUR 5,280,289.19
Shareholders' equity EUR 3,883,810.49
Capital EUR 50,000.00
Subscribed capital
(share capital) EUR 50,000.00
Balance sheet
profit/loss (+/-) EUR 3,833,810.49
Profit / loss brought
forward EUR 2,704,482.23
Annual surplus / annual
deficit EUR 1,129,328.26
Provisions EUR 462,995.51
Liabilities EUR 933,483.19
Other liabilities EUR 933,483.19
Unspecified other
liabilities EUR 933,483.19
Type of balance
sheet:
Company balance sheet
Financial year:
01.01.2010 - 31.12.2010
ASSETS EUR 4,694,998.85
Fixed assets EUR 77,727.67
Tangible assets EUR 7,951.67
Other / unspecified
tangible assets EUR 7,951.67
Financial assets EUR 69,776.00
Other / unspecified
financial assets EUR
69,776.00
Current assets EUR 4,593,027.69
Stocks EUR 501,252.18
Accounts receivable EUR 3,251,522.51
Other debtors and
assets EUR 3,251,522.51
Liquid means EUR 840,253.00
Remaining other
assets EUR 24,243.49
Accruals (assets) EUR 24,243.49
LIABILITIES EUR 4,694,998.85
Shareholders' equity EUR 2,903,251.63
Capital EUR 50,000.00
Subscribed capital
(share capital) EUR 50,000.00
Balance sheet
profit/loss (+/-) EUR 2,853,251.63
Profit / loss brought
forward EUR
1,912,574.14
Annual surplus / annual
deficit EUR 940,677.49
Provisions EUR 764,804.91
Liabilities EUR 1,026,942.31
Other liabilities EUR 1,026,942.31
Unspecified other
liabilities EUR 1,026,942.31
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.09 |
|
UK Pound |
1 |
Rs.82.47 |
|
Euro |
1 |
Rs.70.49 |
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.