|
Report Date : |
18.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
ALBERDINGK BOLEY GMBH |
|
|
|
|
Registered Office : |
Düsseldorfer Str. 53, D 47829 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
1828 |
|
|
|
|
Com. Reg. No.: |
HRB 4051 |
|
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|
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Legal Form : |
Private limited company |
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|
Line of Business : |
Manufacture of oils and fats (except
margarine or similar edible fats) |
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No. of Employees : |
249 |
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 : |
Satisfactory |
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|
|
|
Payment Behaviour : |
No Complaints |
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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) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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 |
ALBERDINGK BOLEY GMBH
Company Status: active
Düsseldorfer Str. 53
D 47829 Krefeld
Telephone:02151/528-0
Telefax:
02151/573643
Homepage:
www.alberdingk-boley.de
E-mail:
info@alberdingk-boley.de
VAT no.: DE120154705
Business relations are permissible. The
company is considered solvent for credits within its scope of business.
LEGAL FORM Private
limited company
Date of foundation: 1828
Shareholders'
agreement: 02.02.1990
Registered on: 19.03.1990
Commercial Register: Local court 47798 Krefeld
under: HRB
4051
Share capital: EUR 15,000,000.00
Number of
shareholders:
37
Shareholder total capital: EUR 15,000,000.00
Manager:
Frank-Werner Dreisörner
Grüner Dyk 101
D 47803 Krefeld
having sole power of
representation
born: 20.12.1948
Marital status: married
Manager:
Timm Wiegmann
An Kleinhütten
D 47800 Krefeld
born: 20.08.1961
Profession: graduate
engineer
Marital status: married
Manager:
Martin Weiland
D 53639 Königswinter
born: 13.01.1965
Nationality: Swiss
Proxy:
Bernd Schwickerath-Koch
Maria-Kasper-Str. 45
D 41236 Mönchengladbach
authorized to jointly
represent the company
born: 04.03.1955
Marital status: married
Proxy:
Dr.rer.nat. Gerhard Leinz
Schürmesweg 8
D 47802 Krefeld
authorized to jointly
represent the company
born: 23.06.1952
Marital status: married
Proxy:
Robert Allmüller
Bogenstr. 65
D 47799 Krefeld
authorized to jointly
represent the company
born: 03.08.1962
Profession: graduate
engineer
Marital status: married
Further
functions/participations of Frank-Werner Dreisörner
(Manager)
Manager:
Polytan Beteiligungs GmbH
Düsseldorfer Str. 53
D 47829 Krefeld
Legal form: Private limited
company
Share capital: EUR 1,000,000.00
Registered
on: 14.04.2003
Reg. data: 47798 Krefeld, HRB 7988
Manager:
Polyshare GmbH
Düsseldorfer Str. 53
D 47829 Krefeld
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 29.11.2006
Reg. data: 47798 Krefeld, HRB 11302
Vice-president of the Supervisory Board:
Uzin Utz
Aktiengesellschaft
Dieselstr. 3
D 89079 Ulm
Post Box:
40 80, D 89030 Ulm
Legal form: Public
limited company
Share capital: EUR
15,132,957.00
Registered
on: 24.07.1997
Reg. data: 89073 Ulm, HRB 3499
Further
functions/participations of Timm Wiegmann (Manager)
General
partner:
Frank Oehmke und Timm
Wiegmann
Dahlerdyk 31
D 47803 Krefeld
Legal form: Partnership
under the Civil Code
Proxy:
Polytan Beteiligungs GmbH
Düsseldorfer Str. 53
D 47829 Krefeld
Legal form: Private
limited company
Share capital: EUR 1,000,000.00
Registered
on: 14.04.2003
Reg. data: 47798 Krefeld, HRB 7988
Proxy:
Polyshare GmbH
Düsseldorfer Str. 53
D 47829 Krefeld
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 29.11.2006
Reg. data: 47798 Krefeld, HRB 11302
Further
functions/participations of Martin Weiland (Manager)
Manager:
Polytan Beteiligungs GmbH
Düsseldorfer Str. 53
D 47829 Krefeld
Legal form: Private
limited company
Share capital: EUR 1,000,000.00
Registered
on: 14.04.2003
Reg. data: 47798 Krefeld, HRB 7988
Manager:
Polyshare GmbH
Düsseldorfer Str. 53
D 47829 Krefeld
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 29.11.2006
Reg. data: 47798 Krefeld, HRB 11302
Main
industrial sector
10410
Manufacture of oils and fats (except margarine or similar edible fats)
20590
Manufacture of other chemical products n.e.c.
46750
Wholesale of chemical products
Shareholder:
Polytan Beteiligungs GmbH
Düsseldorfer Str. 53
D 47829 Krefeld
Legal form: Private
limited company
Company Status: active
Share capital: EUR 1,000,000.00
Share: EUR 1,000,000.00
Reg. data: 14.04.2003
Local court
47798 Krefeld
HRB 7988
Shareholder:
Polyshare GmbH
Düsseldorfer Str. 53
D 47829 Krefeld
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 29.11.2006
Local court
47798 Krefeld
HRB 11302
Payment experience: in
top condition
Negative information: We have no negative information at hand.
Balance sheet year: 2011
Type of ownership: proprietor
Share: 100.00 %
Address Düsseldorfer Str. 53
D 47829 Krefeld
Type of ownership: proprietor
Share: 100.00 %
Address Düsseldorfer Str. 101
D 47809 Krefeld
Size: 14,000.00 sq.m
Type of ownership: proprietor
Share: 100.00 %
Address Dammstr. 2
D 47829 Krefeld
Type of ownership: proprietor
Share: 100.00 %
Address Düsseldorfer Str. 35
D 47829 Krefeld
Type of ownership: proprietor
Share: 100.00 %
Address Düsseldorfer Str. 39
D 47829 Krefeld
Type of ownership: proprietor
Share: 100.00 %
Address Zeißstr. 21
D 50171 Kerpen
Land register documents were not available.
Principal
bank
DEUTSCHE BANK, KREFELD
Sort. code: 32070080, BIC: DEUTDEDD320
Further
banks
COMMERZBANK VORMALS DRESDNER BANK, KREFELD
Sort. code: 32080010, BIC: DRESDEFF320
SPARKASSE KREFELD, KREFELD
Sort. code: 32050000, BIC: SPKRDE33XXX
HSBC TRINKAUS & BURKHARDT, DÜSSELDORF
Sort. code: 30030880, BIC: TUBDDEDDXXX
COMMERZBANK, KREFELD
Sort. code: 32040024, BIC: COBADEFF320
Turnover:
2011 EUR 171,670,604.00
Profit: 2011 EUR 5,901,944.00
Equipment: EUR 605,561.00
Ac/ts receivable: EUR 26,402,381.00
Liabilities: EUR
40,676,232.00
Employees:
249
-
thereof permanent staff: 249
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 60.38
Liquidity ratio: 0.86
Return on total capital [%]: 5.70
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 61.78
Liquidity ratio: 0.94
Return on total capital [%]: 4.00
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 72.49
Liquidity ratio: 1.51
Return on total capital [%]: 5.38
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 67.63
Liquidity ratio: 0.91
Return on total capital [%]: 4.31
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 106,095,098.83
Fixed assets
EUR 52,889,920.59
Intangible assets
EUR 374,952.52
Concessions, licences, rights
EUR 374,952.52
Tangible assets
EUR 14,597,057.11
Land / similar rights
EUR 7,480,492.05
Plant / machinery
EUR 6,355,228.75
Other tangible assets / fixtures and
fittings
EUR 605,561.44
Advance payments made / construction
in progress EUR 155,774.87
Financial assets
EUR 37,917,910.96
Shares in participations /
subsidiaries and the like
EUR 12,242,803.13
Shares in related companies
EUR 11,865,054.61
Shares in investee companies
EUR 377,748.52
Loans to participations /
subsidiaries and the like
EUR 25,649,607.83
Loans to related companies
EUR 25,649,607.83
Other loans
EUR 25,500.00
Current assets
EUR 53,165,336.56
Stocks
EUR 26,186,057.75
Raw materials, consumables and
supplies EUR 7,005,856.75
Finished goods / work in progress
EUR 19,180,201.00
Accounts receivable
EUR 26,402,380.95
thereof total due from shareholders
EUR 0.00
Trade debtors
EUR 17,350,259.66
Amounts due from related companies
EUR 6,525,190.47
Other debtors and assets
EUR 2,526,930.82
Liquid means
EUR 576,897.86
Remaining other assets EUR 39,841.68
Active difference from asset
offsetting
EUR 39,841.68
LIABILITIES EUR 106,095,098.83
Shareholders' equity EUR 54,502,660.02
Capital
EUR 14,418,600.00
Subscribed capital (share capital)
EUR 15,000,000.00
Other capital
EUR -581,400.00
Reserves
EUR 34,081,092.46
Capital reserves
EUR 15,125,817.63
Retained earnings / revenue reserves EUR 18,955,274.83
Balance sheet profit/loss (+/-)
EUR 6,002,967.56
Profit / loss brought forward
EUR 101,023.35
Annual surplus / annual deficit
EUR 5,901,944.21
Provisions
EUR 10,916,207.11
Pension provisions and comparable
provisions EUR 7,885,888.00
Other / unspecified provisions
EUR 3,030,319.11
Liabilities
EUR 40,676,231.70
Financial debts
EUR 21,311,900.93
Liabilities due to banks
EUR 21,311,900.93
Other liabilities
EUR 19,364,330.77
Trade creditors (for IAS incl. bills
of exchange)
EUR 6,986,293.14
Liabilities from received advance
payments
EUR 468.00
Liabilities due to shareholders
EUR 9,559,779.76
Liabililties due to related companiesEUR 67,016.64
Unspecified other liabilities EUR 2,750,773.23
thereof liabilities from tax /
financial authorities
EUR 823,065.38
thereof liabilities from social
security
EUR 0.00
PROFIT AND LOSS ACCOUNT
(cost-summary method) according to Comm.
Code (HGB)
Sales
EUR 171,670,603.72
Inventory change + own costs (+/-)
EUR 462,381.90
Inventory change (+/-)
EUR 462,381.90
Other operating income
EUR 4,141,682.19
Cost of materials
EUR 135,317,481.76
Raw materials and supplies, purchased
goods
EUR 135,287,218.44
Purchased services
EUR 30,263.32
Gross result (+/-)
EUR 40,957,186.05
Staff expenses
EUR 16,512,895.10
Wages and salaries
EUR 13,675,475.78
Social security contributions and
expenses for pension plans and
benefits
EUR 2,837,419.32
Total depreciation
EUR 1,892,721.37
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,892,721.37
Other operating expenses
EUR 14,363,720.55
Operating result from continuing
operations
EUR 8,187,849.03
Result from participating interests
(+/-)
EUR 854,447.59
Expenses / income from participations EUR 854,447.59
Income from transfer of profits
EUR 818,780.80
Income
from related companies EUR 35,666.79
Interest result (+/-)
EUR -1,774,854.85
Interest and similar income
EUR 12,334.30
thereof from related companies
EUR 0.00
Interest and similar expenses
EUR 1,787,189.15
thereof paid to related companies
EUR 2,270.82
Other financial result
EUR 47,896.54
Income from securities and loans from
financial assets
EUR 47,896.54
thereof related companies
EUR 47,896.54
Financial result (+/-)
EUR -872,510.72
Result from ordinary operations (+/-)
EUR 7,315,338.31
Extraordinary expenses
EUR 142,553.00
Extraordinary result (+/-)
EUR -142,553.00
Income tax / refund of income tax (+/-)EUR -1,229,445.18
Other taxes / refund of taxes
EUR -41,395.92
Tax (+/-)
EUR -1,270,841.10
Annual surplus / annual deficit
EUR 5,901,944.21
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 98,460,775.45
Fixed assets
EUR 49,210,220.34
Intangible assets
EUR 409,346.57
Concessions, licences, rights
EUR 409,346.57
Tangible assets
EUR 13,893,035.03
Land / similar rights
EUR 7,709,158.78
Plant / machinery
EUR 5,199,589.87
Other tangible assets / fixtures and
fittings
EUR 409,453.88
Advance payments made / construction
in progress
EUR 574,832.50
Financial assets
EUR 34,907,838.74
Shares in participations /
subsidiaries and the like
EUR 15,328,230.91
Shares in related companies
EUR 12,047,936.42
Shares in investee companies
EUR 3,280,294.49
Loans to participations /
subsidiaries
and the like EUR 19,549,607.83
Loans to related companies
EUR 19,549,607.83
Other loans
EUR 30,000.00
Current assets
EUR 49,166,015.29
Stocks
EUR 23,918,698.47
Raw materials, consumables and
supplies
EUR 5,950,896.26
Finished goods / work in progress
EUR 17,967,802.21
Accounts receivable
EUR 25,079,427.26
thereof total due from shareholders
EUR 0.00
Trade debtors
EUR 15,588,816.90
Amounts due from related companies
EUR 6,643,910.79
Amounts due from investee companies
EUR 750,814.17
Other debtors and assets
EUR 2,095,885.40
Liquid means
EUR 167,889.56
Remaining other assets
EUR 84,539.82
Accruals (assets)
EUR 84,539.82
LIABILITIES EUR 98,460,775.45
Shareholders' equity
EUR 51,600,715.81
Capital
EUR 14,418,600.00
Subscribed capital (share capital)
EUR 15,000,000.00
Other capital
EUR -581,400.00
Reserves
EUR 33,247,324.67
Capital reserves EUR 15,125,817.63
Retained earnings / revenue reserves EUR 18,121,507.04
Balance sheet profit/loss (+/-)
EUR 3,934,791.14
Annual surplus / annual deficit
EUR 3,934,791.14
Provisions EUR 10,815,085.35
Pension provisions and comparable
provisions
EUR 7,432,320.00
Provisions for taxes
EUR 886,612.13
Other / unspecified provisions EUR 2,496,153.22
Liabilities
EUR 36,026,454.06
Financial debts
EUR 17,176,879.89
Liabilities due to banks
EUR 17,176,879.89
Other liabilities EUR 18,849,574.17
Trade creditors (for IAS incl. bills
of exchange)
EUR 7,358,818.84
Liabilities due to shareholders
EUR 9,309,044.55
Liabililties due to related companiesEUR 34,822.87
Liabilities due to investee companiesEUR 74,833.90
Unspecified other liabilities
EUR 2,072,054.01
thereof liabilities from tax /
financial authorities
EUR 325,425.09
thereof liabilities from social
security
EUR 0.00
Other liabilities
EUR 18,520.23
Deferred taxes (not included under
provisions/liabilities) EUR 18,520.23
Guarantees and other commitments
EUR 1,277,454.00
Guarantees / warranties
EUR 1,277,454.00
Guarantees
EUR 1,277,454.00
PROFIT AND LOSS ACCOUNT
(cost-summary method) according to Comm.
Code (HGB)
Sales
EUR 144,824,790.97
Inventory change + own costs (+/-)
EUR 4,323,242.36
Inventory change (+/-)
EUR 4,232,109.60
Capitalised own costs EUR 91,132.76
Other operating income
EUR 855,801.49
Cost of materials
EUR 112,333,223.56
Raw materials and supplies, purchased
goods EUR 112,210,697.68
Purchased services
EUR 122,525.88
Gross result (+/-)
EUR 37,670,611.26
Staff expenses
EUR 15,628,340.90
Wages
and salaries EUR 12,834,527.42
Social security contributions and
expenses for pension plans and
benefits
EUR 2,793,813.48
Total depreciation
EUR 1,582,157.80
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,582,157.80
Other operating expenses
EUR 13,782,797.17
Operating result from continuing
operations
EUR 6,677,315.39
Result from participating interests
(+/-)
EUR 536,376.89
Expenses / income from participations EUR 536,376.89
Income from transfer of profits
EUR 511,888.00
Income from related companies
EUR 24,488.89
Interest result (+/-)
EUR -1,655,528.37
Interest and similar income
EUR 68,231.44
thereof from related companies
EUR 67,895.50
Interest and similar expenses
EUR 1,723,759.81
Other financial result
EUR 23,459.53
Income from securities and loans from
financial assets
EUR 23,459.53
thereof related companies
EUR 23,459.53
Financial result (+/-)
EUR -1,095,691.95
Result from ordinary operations (+/-)
EUR 5,581,623.44
Extraordinary income EUR 153,392.30
Extraordinary expenses
EUR 149,746.00
Extraordinary result (+/-)
EUR 3,646.30
Income tax / refund of income tax (+/-)EUR -1,608,827.61
Other taxes / refund of taxes
EUR -41,650.99
Tax (+/-)
EUR -1,650,478.60
Annual surplus / annual deficit
EUR 3,934,791.14
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.58 |
|
|
1 |
Rs.98.51 |
|
Euro |
1 |
Rs.83.49 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.