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Report Date : |
03.09.2013 |
IDENTIFICATION DETAILS
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Name : |
FELIX P. WESENBERG GMBH & CO. KG |
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Registered Office : |
Bei der Neuen Münze 9, D 22145 Hamburg |
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Country : |
Germany |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
08.02.2005 |
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Com. Reg. No.: |
HRA 101588 |
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Legal Form : |
Ltd partnership with priv. ltd. company as general partner |
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Line of Business : |
·
Wholesale
of coffee, tea, cocoa and spices ·
Non-specialized
wholesale trade |
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No. of Employees : |
04 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
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 : |
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) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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 |
Felix P. Wesenberg GmbH & Co. KG
Bei der Neuen Münze 9
D 22145 Hamburg
Telephone: 040/6793006
Telefax: 040/6793008
Homepage: www.wesenberg-tee.de
E-mail: service@wesenberg-tee.de
DE118385591
active
Business relations are permissible.
LEGAL FORM Ltd partnership with priv. ltd. company as general
partner
Registered on: 08.02.2005
Register of
companies: Local court 20355 Hamburg
under: HRA 101588
Total cap. contribution:
EUR 250,000.00
Jens Reinhard Wesenberg
Bergstedter Chaussee 118
D 22395 Hamburg
born: 01.01.1945
Share: EUR 250,000.00
Felix P. Wesenberg Verwaltungs GmbH
Bei der Neuen Münze 9
D 22145 Hamburg
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered on: 03.02.2005
Reg. data: 20355 Hamburg, HRB 92855
Jens Reinhard Wesenberg
Bergstedter Chaussee 118
D 22395 Hamburg
born: 01.01.1945
Share: EUR 25,000.00
Jens Reinhard Wesenberg
Bergstedter Chaussee 118
D 22395 Hamburg
having sole power of representation
born: 01.01.1945
Profession: Businessman
Marital status: married
Manager:
Jennifer Laß
D 25451 Quickborn
having sole power of representation
born: 24.10.1988
Manager:
Jennifer Reuber
D 29565 Wriedel
having sole power of representation
born: 12.11.1985
Further functions/participations of Felix P. Wesenberg Verwaltungs
GmbH (General partner)
General partner:
Felix
P. Wesenberg Immobilien GmbH & Co. KG
Bei der
Neuen Münze 9
D
22145 Hamburg
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 10,000.00
contribution:
Registered
on: 08.02.2005
Reg.
data: 20355 Hamburg, HRA 101589
Sectors
·
46370 Wholesale of coffee, tea, cocoa and spices
·
46903
Non-specialized wholesale trade
Shareholder:
H.C.
Buhle Warenhandelsgesellschaft mbH
Bei
der Neuen Münze 9
D
22145 Hamburg
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 105,000.00
Share: EUR 105,000.00
Reg.
data: 07.05.1990
Local court 20355 Hamburg
HRB 44354
Payment experience: within
periods customary in this trade
Negative information: We
have no negative information at hand.
Balance sheet year: 2011
Type of ownership: Tenant
Address Bei der Neuen Münze 9
D 22145 Hamburg
Real Estate of: Felix
P. Wesenberg Verwaltungs GmbH
Type of ownership: Tenant
Address Bei
der Neuen Münze 9
D 22145 Hamburg
Land register documents were not available.
DEUTSCHE BANK, HAMBURG
Sort. code: 20070000, BIC: DEUTDEHHXXX
Turnover: 2012 EUR 1,020,000.00
Equipment: EUR 26,000.00
Ac/ts receivable: EUR 999,320.00
Liabilities: EUR 2,905,132.00
Employees: 4
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 [%]: 23.65
Liquidity ratio: 0.45
Balance sheet grade: 3.5
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 29.11
Liquidity ratio: 0.55
Balance sheet grade: 3.3
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 38.38
Liquidity ratio: 0.76
Balance sheet grade: 2.9
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 7.28
Liquidity ratio: 0.47
Balance sheet grade: 4.0
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.
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 2,964,483.04
Fixed assets
EUR 119,681.61
Tangible assets
EUR 14,681.61
Other / unspecified tangible assets
EUR 14,681.61
Financial assets
EUR 105,000.00
Other / unspecified financial assets EUR 105,000.00
Current assets EUR 2,815,899.52
Stocks
EUR 1,816,579.94
Accounts receivable
EUR 999,319.58
Other debtors and assets
EUR 999,319.58
Remaining other assets
EUR 28,901.91
Accruals (assets)
EUR 9,127.45
Deficit not covered by shareholders'
equity
EUR 19,774.46
LIABILITIES EUR 2,964,483.04
Shareholders' equity
EUR 42,577.48
Capital
EUR 42,577.48
Capital of the fully liable partner
(LP, general partnership)
EUR 42,577.48
Capital contribution of gen.
partner/accounts of the pers. liable
shareholder
EUR 42,577.48
Provisions
EUR 16,774.00
Liabilities EUR 2,905,131.56
Other liabilities
EUR 2,905,131.56
Unspecified other liabilities
EUR 2,905,131.56
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 3,014,583.69
Fixed assets
EUR 121,409.52
Tangible assets
EUR 16,409.52
Other / unspecified tangible assets
EUR 16,409.52
Financial assets
EUR 105,000.00
Other / unspecified financial assets EUR 105,000.00
Current assets
EUR 2,889,022.46
Stocks EUR 1,709,485.97
Accounts receivable
EUR 1,174,805.20
Other debtors and assets
EUR 1,174,805.20
Liquid means
EUR 4,731.29
Remaining other assets
EUR 4,151.71
Accruals (assets)
EUR 4,151.71
LIABILITIES EUR 3,014,583.69
Shareholders' equity
EUR 115,919.96
Capital
EUR 115,919.96
Capital of the fully liable partner
(LP, general partnership)
EUR 39,590.42
Capital contribution of gen.
partner/accounts of the pers. liable
shareholder
EUR 39,590.42
Limited partner's capital / capital
of partially liable partner (LP)
EUR 76,329.54
Provisions
EUR 8,874.00
Liabilities
EUR 2,889,789.73
Other liabilities
EUR 2,889,789.73
Unspecified other liabilities
EUR 2,889,789.73
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.86 |
|
UK Pound |
1 |
Rs.102.52 |
|
Euro |
1 |
Rs.87.06 |
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 |
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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.