|
Report Date : |
11.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
RISTIC
AG MEERESFRÜCHTESPEZIALITÄTEN IMPORT UND VERTRIEB |
|
|
|
|
Registered Office : |
Am Espen 15 D 90559 Burgthann |
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|
|
|
Country : |
Germany |
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|
|
|
Financials (as on) : |
30.06.2011 |
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|
|
|
Date of Incorporation : |
24.11.2000 |
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|
|
|
Legal Form : |
Public
limited company |
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|
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Line of Business : |
Wholesale of fish, crustaceans and molluscs |
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|
|
|
No. of Employees : |
21 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 : |
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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 |
RISTIC AG
MEERESFRÜCHTESPEZIALITÄTEN IMPORT UND VERTRIEB
Company Status: active
Am Espen
15
D 90559 Burgthann
Telephone:09183/409-0
Telefax:
09183/409-49
Homepage: www.ristic.com
E-mail: info@ristic.com
VAT no.: DE209536280
Business relations are permissible.
LEGAL FORM
Public limited company
Date of foundation: 17.01.1961
Registered on: 24.11.2000
Commercial Register: Local court 90402 Nürnberg
under: HRB
17743
Share capital: EUR 2,500,000.00
Shareholder:
Peter Ristic
Nibelungenstr.
27
D 90592 Schwarzenbruck
born: 29.01.1954
Share: 100.000 %
Vice-president of the Supervisory Board:
Georg
Dlugay
D 64839 Münster
Member of the Supervisory Board:
Margit
Ristic
D 90592 Schwarzenbruck
Marital status: unknown
Proxy:
Stefan Eßman
D 92318 Neumarkt
having sole power of
representation
born: 30.10.1966
Proxy:
Manuel Backmeroff
D 90559 Burgthann
authorized to jointly
represent the company
born: 08.03.1983
17.01.1961 - 31.12.1980 Stefan Ristic
D 90425 Nürnberg
Unregistered commercial enterprise
01.01.1981 - 06.08.1987 Ristic GmbH &
Co.
Lebensmittelspezialitäten-Import-
und
Vertriebs-KG
D 90425 Nürnberg
Ltd partnership with priv.
ltd. company
as general partner
07.08.1987 - 07.2000 Ristic GmbH
& Co.
Lebensmittelspezialitäten-Import-
und
Vertriebs-KG
D 90559 Burgthann
Ltd partnership with priv. ltd. company
as general partner
26.09.2011 - 02.07.2012 Member of the Board of Directors
Michael Struffert
D 92265 Edelsfeld
27.03.2009 - 02.07.2012 Member of the Board of Directors
Peter Ristic
D 90592 Schwarzenbruck
27.03.2009 - 02.07.2012 Member of the Supervisory Board
Georg
Dlugay
D 64839 Münster
Main industrial sector
46381
Wholesale of fish, crustaceans and molluscs
Payment experience: within agreed terms
Negative information:We
have no negative information at hand.
BALANCE SHEET YEAR: 2010/2011
Type of ownership: Tenant
Address Am
Espen 15
D 90559 Burgthann
Land register documents were not available.
Principal bank
DEUTSCHE BANK, NÜRNBERG, MITTELFR
Sort. code: 76070012, Account no.: 12612800,
BIC: DEUTDEMM760
Further banks
COMMERZBANK VORMALS DRESDNER BANK, NÜRNBERG,
MITTELFR
Sort. code: 76080040, Account no.: 122139500, BIC:
DRESDEFF760
FÜRSTLICH CASTELLSCHE BANK CREDIT-CASSE,
WÜRZBURG
Sort. code: 79030001, Account no.: 4000738,
BIC: FUCEDE77XXX
SPARKASSE NÜRNBERG, NÜRNBERG, MITTELFR
Sort. code: 76050101, BIC: SSKNDE77XXX
Ac/ts
receivable: EUR 535,677.00
Liabilities: EUR
2,135,491.00
Employees:
21
- thereof permanent staff: 5
Balance sheet ratios 01.07.2010 - 30.06.2011
Equity ratio [%]: 67.38
Liquidity ratio: 0.61
Return on total capital [%]: 9.45
Balance sheet ratios 01.07.2009 - 30.06.2010
Equity ratio [%]: 44.86
Liquidity ratio: 1.45
Return on total capital [%]: -7.57
Balance sheet ratios 01.07.2008 - 30.06.2009
Equity ratio [%]: 54.82
Liquidity ratio: 1.96
Return on total capital [%]: 8.92
Balance sheet ratios 01.07.2007 - 30.06.2008
Equity ratio [%]: 57.16
Liquidity ratio: 1.58
Return on total capital [%]: 19.10
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.
Balance sheet grade
The balance sheet grade is based on the
following ratios: equity
ratio, liquidity ratio and return on total
capital from the
balance sheets published in the Federal
Gazette. It is calculated
in accordance with the methodology of Euler
Hermes. It ranges
from 1.0 (positive) to 5.0 (negative).
Type of balance sheet: Company balance sheet
Financial year: 01.07.2010
- 30.06.2011
ASSETS EUR
10,458,277.97
Fixed assets EUR
1,329,792.02
Intangible assets EUR 53,785.00
Tangible assets EUR 56,797.00
Financial assets EUR 1,219,210.02
Current assets EUR
9,120,435.45
Stocks EUR 7,245,612.26
Accounts receivable EUR 535,676.93
Investments in current assets
EUR 78,806.50
Liquid means EUR
1,260,339.76
Remaining other assets
EUR 8,050.50
Accruals (assets) EUR 8,050.50
LIABILITIES EUR
10,458,277.97
Shareholders' equity EUR 7,055,094.21
Capital EUR 2,500,000.00
Subscribed capital (share capital) EUR 2,500,000.00
Reserves EUR 250,000.00
Retained earnings / revenue
reserves EUR 250,000.00
Balance sheet profit/loss (+/-)
EUR 4,305,094.21
Profit / loss brought forward EUR 3,312,820.54
Annual surplus / annual deficit
EUR 992,273.67
Provisions EUR
1,264,702.79
Liabilities EUR
2,135,490.97
Other liabilities EUR 2,990.00
Deferred taxes (not included under
provisions/liabilities) EUR 2,990.00
PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Gross result (+/-) EUR 7,176,709.74
Staff expenses EUR
1,218,664.53
Wages and salaries EUR 873,675.90
Social security contributions and
expenses for pension plans and
benefits EUR
344,988.63
Total depreciation EUR 46,792.34
Other operating expenses
EUR 5,020,341.80
Operating result from continuing
operations EUR 890,911.07
Interest result (+/-) EUR -95,336.05
Interest and similar income
EUR 86,046.17
Interest and similar expenses
EUR 181,382.22
Financial result (+/-) EUR -95,336.05
Result from ordinary operations (+/-) EUR 795,575.02
Extraordinary income EUR
6,353.00
Extraordinary result (+/-) EUR 6,353.00
Income tax / refund of income tax (+/-) EUR
193,210.65
Other taxes / refund of taxes EUR -2,865.00
Tax (+/-) EUR 190,345.65
Annual surplus / annual deficit EUR 992,273.67
Type of balance sheet: Company
balance sheet
Financial year: 01.07.2009
- 30.06.2010
ASSETS EUR 13,485,970.85
Fixed assets EUR 1,026,962.79
Intangible assets EUR
48,522.00
Other / unspecified intangible assets EUR
48,522.00
Tangible assets EUR
79,137.75
Other / unspecified tangible assets EUR 79,137.75
Financial assets EUR
899,303.04
Other / unspecified financial assets EUR
899,303.04
Current assets EUR 12,451,813.06
Stocks EUR 7,050,870.59
Accounts receivable EUR 3,696,193.72
Other debtors and assets EUR 3,696,193.72
Investments in current assets EUR 67,972.90
Liquid means EUR 1,636,775.85
Remaining other assets EUR
7,195.00
Accruals (assets) EUR 7,195.00
LIABILITIES EUR 13,485,970.85
Shareholders' equity EUR
6,062,820.54
Capital EUR 2,500,000.00
Subscribed capital (share capital) EUR 2,500,000.00
Reserves EUR 250,000.00
Retained earnings / revenue reserves EUR 250,000.00
Balance sheet profit/loss (+/-) EUR 3,312,820.54
Profit / loss brought forward EUR 4,331,703.70
Annual surplus / annual deficit EUR -1,018,883.16
Provisions EUR 3,244,950.00
Liabilities EUR
4,178,200.31
Other liabilities EUR
4,178,200.31
Unspecified other liabilities
EUR
4,178,200.31
PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Gross result (+/-) EUR
6,060,545.83
Staff expenses EUR 1,218,959.43
Wages and salaries EUR
874,586.00
Social security contributions and
expenses for pension plans and
benefits EUR 344,373.43
Total depreciation EUR
42,087.91
Other operating expenses EUR 5,774,757.68
Operating result from continuing
operations EUR -975,259.19
Interest result (+/-) EUR -114,666.24
Interest and similar income EUR 3,517.86
Interest and similar expenses EUR
118,184.10
Financial result (+/-) EUR
-114,666.24
Result from ordinary operations (+/-) EUR -1,089,925.43
Income tax / refund of income tax (+/-) EUR 73,476.79
Other taxes / refund of taxes EUR -2,434.52
Tax (+/-) EUR
71,042.27
Annual surplus / annual deficit EUR -1,018,883.16
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.21 |
|
|
1 |
Rs.101.05 |
|
Euro |
1 |
Rs.83.33 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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.