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Report Date : |
08.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
VISION FOOD GMBH & CO. KG |
|
|
|
|
Registered Office : |
Am
Pfädlein 9, D 97702 Münnerstadt |
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|
|
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Country : |
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|
|
|
|
Financials (as on) : |
31.12.2012 |
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|
|
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Date of Incorporation : |
2006 |
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|
|
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Com. Reg. No.: |
HRA 8765 |
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|
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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 |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow but correct |
|
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 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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, has contributed to strong growth 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 5.3% in 2013. The new German government introduced a
minimum wage of $11 per hour to take effect in 2015. 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 and 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. 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 |
Vision Food GmbH & Co. KG
Am
Pfädlein 9
D 97702
Münnerstadt
Telephone: 09766/940381
Telefax: 09766/940383
Homepage:
www.visionfood.de
E-mail: uwe.scherbaum@visionfood.de
DE258322067
Business relations are permissible.
LEGAL FORM Ltd
partnership with priv. ltd. company as general partner
Date of foundation: 2006
Registered on: 04.01.2008
Register of companies: Local
court 97421 Schweinfurt
under: HRA
8765
Total cap. contribution: EUR 30,000.00
Uwe Scherbaum
Am Pfädlein 9
D 97702 Münnerstadt
born: 24.03.1964
Share: EUR 30,000.00
Vision Food Verwaltungsgesellschaft
mbH
Am Pfädlein 9
D 97702 Münnerstadt
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered on:
21.12.2007
Reg. data: 97421
Schweinfurt, HRB 5287
Uwe Scherbaum
Am Pfädlein 9
D 97702 Münnerstadt
born: 24.03.1964
Share: EUR 25,000.00
Uwe Scherbaum
Am Pfädlein 9
D 97702 Münnerstadt
having sole power of representation
born: 24.03.1964
2006 - 04.01.2008 Uwe Scherbaum
Am Pfädlein 9
D 97702 Münnerstadt
Unregistered
commercial enterprise
Main industrial sector
4637
Wholesale of coffee, tea, cocoa and spices
Branch:
Vision Food GmbH &
Co. KG
Am Weinberg 3
D 98631 Grabfeld
Payment experience: within periods customary in this trade
Negative information: We have no negative information at hand.
Balance sheet year: 2012
Type of ownership: Tenant
Address Am
Pfädlein 9
D 97702 Münnerstadt
Real Estate of: Vision
Food Verwaltungsgesellschaft mbH
Type of ownership: Tenant
Address Am
Pfädlein 9
D 97702 Münnerstadt
Land register documents were not available.
A bank connection is unknown.
Turnover: 2012 EUR 1,320,000.00
2013 *EUR 1,325,000.00
further business figures:
Equipment: EUR 34,674.00
Ac/ts receivable: EUR 644,243.00
Liabilities: EUR 1,932,354.00
Employees: 5
-
Temporary workers: 3
The business figures marked with an asterisk
are estimates based on average values in the line of business.
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: -19.75
Liquidity ratio: 0.35
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: -19.82
Liquidity ratio: 0.50
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: -30.06
Liquidity ratio: 0.15
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: -19.67
Liquidity ratio: 0.19
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:
01.01.2012 - 31.12.2012
ASSETS EUR 1,944,154.23
Fixed assets
EUR 57,452.00
Intangible assets
EUR 22,778.00
Other / unspecified intangible assetsEUR 22,778.00
Tangible assets
EUR 34,674.00
Other / unspecified tangible assets
EUR 34,674.00
Current assets
EUR 1,561,600.52
Stocks EUR 820,100.01
Accounts receivable
EUR 644,242.61
Other debtors and assets
EUR 644,242.61
Liquid means
EUR 97,257.90
Remaining
other assets EUR 325,101.71
Accruals (assets)
EUR 1,398.34
Deficit not covered by shareholders'
equity
EUR 323,703.37
LIABILITIES
EUR 1,944,154.23
Provisions
EUR 11,800.00
Liabilities
EUR 1,932,354.23
Other liabilities
EUR 1,932,354.23
Unspecified
other liabilities EUR 1,932,354.23
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 1,940,460.36
Fixed assets EUR 70,410.00
Intangible assets
EUR 28,112.00
Other / unspecified intangible assetsEUR 28,112.00
Tangible assets
EUR 42,298.00
Other
/ unspecified tangible assets EUR 42,298.00
Current assets
EUR 1,563,154.98
Stocks
EUR 541,418.77
Accounts receivable
EUR 900,306.57
Other debtors and assets
EUR 900,306.57
Liquid means
EUR 121,429.64
Remaining other assets
EUR 306,895.38
Deficit not covered by shareholders'
equity EUR 306,895.38
LIABILITIES EUR 1,940,460.36
Provisions
EUR 12,000.00
Liabilities
EUR 1,928,460.36
Other liabilities
EUR 1,928,460.36
Unspecified other liabilities
EUR 1,928,460.36
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.41 |
|
|
1 |
Rs.103.42 |
|
Euro |
1 |
Rs.82.16 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
PDT |
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.