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Report Date : |
29.11.2013 |
IDENTIFICATION DETAILS
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Name : |
EFEFIRAT WARENVERTRIEBS GMBH |
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Registered Office : |
Neue Finien 9, D 28832 Achim |
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Country : |
Germany |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
26.11.1999 |
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Com. Reg. No.: |
HRB 121419 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Non-specialized wholesale of food, beverages and tobacco |
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No. of Employees : |
12 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but 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.
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 |
Efefirat Warenvertriebs GmbH
Neue Finien 9
D 28832 Achim
Telephone:04202/7756
Telefax: 04202/76135
Homepage: www.efefirat.de
E-mail: info@efefirat.com
active
DE204845717
48/202/04415
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 26.11.1999
Shareholders'
agreement: 26.11.1999
Registered on: 20.01.2000
Commercial Register: Local
court 29664 Walsrode
under: HRB 121419
Share capital: EUR 25,000.00
Ceyhan-Ömer Aktas
Schünemannstr. 6
D 28277 Bremen
born: 08.06.1982
Share: EUR 22,500.00
Shareholder:
Pinar
Aktas
Schünemannstr. 6
D
28277 Bremen
Share: EUR 2,500.00
Ceyhan-Ömer Aktas
Schünemannstr. 6
D 28277 Bremen
having sole power of representation
born: 08.06.1982
Further
functions/participations of Ceyhan-Ömer Aktas (Manager)
Limited partner:
Aktas
Immobilien GmbH & Co. KG
Grundstr. 1a
D
28203 Bremen
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 40,000.00
contribution:
Share: EUR 14,880.00
Registered
on: 04.07.2006
Reg.
data: 28195 Bremen, HRA 24420 HB
Limited partner:
SWN
SPORT WETTEN NORD GmbH & Co. KG
Grundstr. 1a
D
28203 Bremen
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 10,000.00
contribution:
Share: EUR 4,900.00
Registered
on: 10.06.2013
Reg.
data: 28195 Bremen, HRA 26541 HB
Shareholder:
SWN
SPORT WETTEN NORD Verwaltungs GmbH
Grundstr. 1a
D 28203 Bremen
Legal
form: Private limited company
Share
capital: EUR 50,000.00
Share: EUR 24,500.00
Registered
on: 10.06.2013
Reg.
data: 28195 Bremen, HRB 28741 HB
Shareholder:
Aktas
Beteiligungs GmbH
Grundstr. 1a
D
28203 Bremen
Legal form: Private limited company
Share
capital: EUR 25,000.00
Share: EUR 6,200.00
Registered
on: 14.06.2006
Reg. data: 28195 Bremen, HRB 23637 HB
Main industrial sector
46399 Non-specialized
wholesale of food, beverages and tobacco
Branch:
Efefirat Warenvertriebs GmbH
Am Tönniesberg 16
D
30453 Hannover
TEL.:
0511/2611201
Payment experience: within
agreed terms
Negative information: We
have no negative information at hand.
Balance sheet year: 2011
Type of ownership: Tenant
Address Neue
Finien 9
D
28832 Achim
Land register documents were not available.
OLDENBURGISCHE LANDESBANK AG, WEYHE B BREMEN
Sort. code: 29121731, BIC: OLBODEH2231
KREISSPARKASSE VERDEN, VERDEN (ALLER)
Sort. code: 29152670, BIC: BRLADE21VER
COMMERZBANK VORMALS BREMER BANK (DRESDNER BANK), BREMEN
Sort. code: 29080010, BIC: DRESDEFF290
SPARKASSE BREMEN, BREMEN
Sort. code: 29050101, BIC: SBREDE22XXX
Turnover: 2011 EUR 4,094,534.00
2012 EUR 4,100,000.00
Profit: 2011 EUR 52,963.00
further business figures:
Equipment: *EUR 100,000.00
Ac/ts receivable: EUR 697,805.00
Liabilities: EUR 1,080,707.00
Total numbers of vehicles: 10
-
Lorries:
6
-
Passenger cars:
4
Employees:
12
-
thereof permanent staff: 10
-
Freelancer:
2
The business figures marked
with an asterisk are estimates based on
average values in the line of business.
Balance
sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 1.84
Liquidity ratio: 0.65
Return on total capital [%]: 4.80
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: -5.10
Liquidity ratio: 0.56
Return on total capital [%]: 2.72
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: -52.07
Liquidity ratio: 0.21
Return on total capital [%]: -62.94
Balance
sheet grade: 5.0
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 7.50
Liquidity ratio: 0.24
Return on total capital [%]: -4.16
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 1,104,001.27
Fixed assets
EUR 207,107.51
Intangible assets
EUR 45,001.00
Concessions, licences, rights
EUR 45,001.00
Tangible assets EUR 162,106.51
Plant / machinery
EUR 2,837.00
Other tangible assets / fixtures and
fittings
EUR 159,269.51
Current assets
EUR 879,397.66
Stocks
EUR 174,213.67
Finished goods / work in progress
EUR 174,213.67
Accounts receivable
EUR 697,804.72
Trade debtors EUR 671,488.59
Other debtors and assets
EUR 26,316.13
Liquid means
EUR 7,379.27
Remaining other assets
EUR 17,496.10
Accruals (assets)
EUR 17,496.10
LIABILITIES EUR 1,104,001.27
Shareholders' equity
EUR 20,293.81
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR -4,706.19
Balance sheet profit / loss
EUR -4,706.19
Provisions
EUR 3,000.00
Other / unspecified provisions
EUR 3,000.00
Liabilities
EUR 1,080,707.46
Financial debts
EUR 140,250.83
Liabilities due to banks
EUR 140,250.83
Other liabilities
EUR 940,456.63
Trade creditors (for IAS incl. bills
of exchange)
EUR 862,081.63
Unspecified other liabilities
EUR 78,375.00
thereof liabilities from tax /
financial authorities
EUR 13,585.90
thereof liabilities from social
security
EUR 6,722.93
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 4,094,534.07
Other operating income
EUR 24,948.99
Cost of materials
EUR 3,008,769.40
Raw
materials and supplies, purchased
goods
EUR 3,008,769.40
Gross result (+/-)
EUR 1,110,713.66
Staff expenses
EUR 290,241.64
Wages and salaries
EUR 238,121.50
Social security contributions and
expenses for pension plans and
benefits
EUR 52,120.14
Total depreciation
EUR 49,869.38
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 49,869.38
Other operating expenses
EUR 701,437.95
Operating result from continuing
operations
EUR 69,164.69
Interest result (+/-)
EUR -12,758.27
Interest and similar expenses
EUR 12,758.27
Financial result (+/-)
EUR -12,758.27
Result from ordinary operations (+/-)
EUR 56,406.42
Income tax / refund of income tax (+/-)EUR -3,443.81
Tax
(+/-)
EUR -3,443.81
Annual surplus / annual deficit
EUR 52,962.61
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 1,267,298.01
Fixed assets
EUR 169,337.51
Intangible assets
EUR 45,001.00
Other / unspecified intangible assetsEUR 45,001.00
Tangible assets
EUR 124,336.51
Other / unspecified tangible assets
EUR 124,336.51
Current assets
EUR 1,038,078.85
Stocks
EUR 328,121.34
Accounts receivable
EUR 707,382.60
Other debtors and assets EUR 707,382.60
Liquid means
EUR 2,574.91
Remaining other assets
EUR 59,881.65
Accruals (assets)
EUR 20,922.59
Deficit not covered by shareholders'
equity
EUR 38,959.06
LIABILITIES EUR 1,267,298.01
Shareholders' equity
EUR 0.00
Capital EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR -63,959.06
Balance sheet profit / loss
EUR -63,959.06
Other shareholders' equity (+/-)
EUR 38,959.06
Deficit not covered by shareholders'
equity
EUR 38,959.06
Provisions
EUR 3,000.00
Liabilities EUR 1,264,298.01
Other liabilities
EUR 1,264,298.01
Unspecified other liabilities
EUR 1,264,298.01
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.39 |
|
UK Pound |
1 |
Rs.101.80 |
|
Euro |
1 |
Rs.84.75 |
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 |
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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 |
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-- |
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.