MIRA INFORM REPORT

 

 

Report Date :

16.08.2014

 

IDENTIFICATION DETAILS

 

Name :

A. NATTERMANN & CIE. GMBH

 

 

Registered Office :

Nattermannallee 1, D 50829 Köln

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

12.01.1906

 

 

Com. Reg. No.:

HRB 1493

 

 

Legal Form :

Private limited company

 

 

Line of Business :

Manufacture of Pharmaceutical Preparations.

 

 

No. of Employees :

440

 

 

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

 

 

Payment Behaviour :

No Complaints

 

 

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 1, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

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, 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 

 

Source : CIA

 

Company name and address

 

A. Nattermann & Cie. GmbH

 

 Company Status:      active

                      Nattermannallee 1

                      D 50829 Köln

                      Telephone:0221/509-01

                      Telefax:  0221/509-2711

                      Homepage: www.sanofi.de

                      E-mail:   info@nattermann@sanofi.com

 

 

VAT No.       

 

DE811160062

 

 

CONCLUSION

 

 Business relations are permissible.

 

 

Comapny Summary

 

 LEGAL FORM              Private limited company

 Date of foundation:        12.01.1906

 Shareholders'

 agreement:                   15.09.1962

 Registered on:              20.12.1962

 Commercial Register:    Local court 50939 Köln

 under:                          HRB 1493

 

 

Share capital                         

 

EUR         10,226,000.00

 

 Shareholder:

                      Sanofi-Aventis Deutschland GmbH

                      Brüningstr. 50

                      D 65929 Frankfurt

                      Post Box:

                      10 60, D 65836 Sulzbach

                      Legal form: Private limited company

                      Share capital:     EUR          6,169,600.00

                      Share:             EUR         10,226,000.00

                      Registered on: 14.11.1995

                      Reg. data: 60313 Frankfurt, HRB 40661

                      Profit transfer agreement

 Manager:

                      Hildegard Schleinitz

                      D 40210 Düsseldorf

                      having sole power of representation

                      born: 12.11.1956

                      née: Friebus

                      Profession: Pharmacist

 Proxy:

                      Walter Rixen

                      D 51371 Leverkusen

                      born: 19.11.1953

                      Profession: Businessman

 Proxy:

                      Oliver Stüttgen

                      D 50968 Köln

                      born: 25.02.1964

                      Profession: Businessman

                      Marital status: unknown

 Proxy:

                      Frank Biermann

                      D 50126 Bergheim

                      authorized to jointly represent the company

                      born: 27.07.1955

 Proxy:

                      Dr. Andrea Güllmann

                      D 50226 Frechen

                      born: 15.03.1957

 Proxy:

                      Dr. Britta Willeke-Buck

                      D 45127 Essen

                      born: 01.07.1961

                      Profession: Businessman

 

 Further functions/participations of Hildegard Schleinitz

 (Manager)

 Manager:

                      Nattermann Verwaltungs GmbH

                      Brüningstr. 50 , Gebäude K 703

                      D 65929 Frankfurt

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         14.12.2012

                      Reg. data:  60313 Frankfurt, HRB 95390

 

 

COMPANY HISTORY

 

 12.01.1906 - 15.09.1962  Apotheker August Nattermann und Rudolf

                          Lappe

                          D 50829 Köln

                          Other legal form

 15.09.1962 - 25.09.2002  A. Nattermann & Cie GmbH

                          Nattermannallee 1

                          D 50829 Köln

                          Private limited company

 

 

BUSINESS ACTIVITIES

 

 Main industrial sector

 21200   Manufacture of pharmaceutical preparations

 

 Secondary industrial sector

 46461   Wholesale of pharmaceutical goods

 

 

PARTICIPATIONS

 

Shareholder:

                      Nattermann Verwaltungs GmbH

                      Brüningstr. 50 , Gebäude K 703

                      D 65929 Frankfurt

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,000.00

                      Share:             EUR             25,000.00

                      Reg. data:  14.12.2012

                                  Local court 60313 Frankfurt

                                  HRB 95390

 

 

FINANCIAL INFORMATION

 

 Payment experience:  cash discount/within agreed terms

 

 Negative information:We have no negative information at hand.

 

 Balance sheet year:  2012

 

 

REAL ESTATE

 

 Type of ownership:        Proprietor

 Share:                          100.00 %

 Address                       Nattermannallee 1

                                    D 50829 Köln

 

 Land register documents were not available.

 

 

BANKERS

 

Principal bank

DEUTSCHE BANK, 50587 KÖLN

Sort. code: 37070060

BIC: DEUTDEDKXXX

 

 

FINANCIAL FIGURES

 

Turnover:             2012               EUR        135,437,138.00

 Profit:              2012               EUR         52,279,524.00

 Equipment:                              EUR          3,132,305.00

 Ac/ts receivable:                       EUR         36,872,596.00

 Liabilities:                            EUR         58,422,396.00

 Employees:                                                    440

 

 Profit transfer agreement to:

                      Sanofi-Aventis Deutschland GmbH

                      Brüningstr. 50

                      D 65929 Frankfurt

                      Post Box:

                      10 60, D 65836 Sulzbach

 

 

 BALANCE SHEETS

 

 Balance sheet ratios                 01.01.2012 - 31.12.2012

 Equity ratio [%]:                                    39.45

 Liquidity ratio:                                       5.27

 Return on total capital [%]:                    32.73

 Balance sheet grade:                                        1.5

 

 Balance sheet ratios                 01.01.2011 - 31.12.2011

 Equity ratio [%]:                                    37.79

 Liquidity ratio:                                       6.64

 Return on total capital [%]:                    31.90

 Balance sheet grade:                                        1.5

 

 Balance sheet ratios                 01.01.2010 - 31.12.2010

 Equity ratio [%]:                                    37.52

 Liquidity ratio:                                       8.74

 Return on total capital [%]:                    39.58

 Balance sheet grade:                                        1.5

 

 Balance sheet ratios                 01.01.2009 - 31.12.2009

 Equity ratio [%]:                                    49.96

 Liquidity ratio:                                       10.00

 Return on total capital [%]:                    53.92

 Balance sheet grade:                                        1.3

 

 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:      01.01.2012 - 31.12.2012

 

 ASSETS                                  EUR        166,163,870.80

  Fixed assets                           EUR        116,871,175.96

   Intangible assets                     EUR             75,148.00

    Concessions, licences, rights        EUR             75,148.00

   Tangible assets                       EUR         36,341,359.26

    Land / similar rights                EUR         11,280,918.52

    Plant / machinery                    EUR         14,880,788.00

    Other tangible assets / fixtures and

    fittings                             EUR          3,132,305.06

    Advance payments made / construction

    in progress                          EUR          7,047,347.68

   Financial assets                      EUR         80,454,668.70

    Shares in participations /

    subsidiaries and the like            EUR         10,149,642.00

     Shares in related companies         EUR         10,149,642.00

    Other / unspecified financial assets EUR         70,305,026.70

  Current assets                         EUR         49,060,052.64

   Stocks                                EUR         12,184,911.81

    Raw materials, consumables and

    supplies                             EUR          8,490,123.81

    Finished goods / work in progress    EUR          3,694,788.00

   Accounts receivable                   EUR         36,872,595.56

    Amounts due from shareholders        EUR          6,450,082.19

    Amounts due from related companies   EUR         28,644,777.31

    Other debtors and assets             EUR          1,777,736.06

   Liquid means                          EUR              2,545.27

  Remaining other assets                 EUR            232,642.20

   Accruals (assets)                     EUR             53,575.98

   Active difference from asset

   offsetting                            EUR            179,066.22

 

 LIABILITIES                             EUR        166,163,870.80

  Shareholders' equity                   EUR         16,815,375.63

   Capital                               EUR         10,226,000.00

    Subscribed capital (share capital)   EUR         10,226,000.00

   Reserves                              EUR          6,589,375.63

    Retained earnings / revenue reserves EUR          6,589,375.63

  Provisions                             EUR         90,926,099.43

   Pension provisions and comparable

   provisions                            EUR         86,999,817.00

   Other / unspecified provisions        EUR          3,926,282.43

  Liabilities                            EUR         58,422,395.74

   Other liabilities                     EUR         58,422,395.74

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR          3,914,571.15

    Liabilities due to shareholders      EUR         52,646,293.42

    Liabililties due to related companiesEUR            552,794.00

    Unspecified other liabilities        EUR          1,308,737.17

     thereof liabilities from tax /

     financial authorities               EUR            356,015.39

     thereof liabilities from social

     security                            EUR            510,941.00

 

 PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.

 Code (HGB)

  Sales                                  EUR        135,437,138.28

  Inventory change + own costs (+/-)     EUR         -1,088,212.08

   Inventory change (+/-)                EUR         -1,088,212.08

  Other operating income                 EUR          9,112,262.95

  Cost of materials                      EUR         52,992,847.57

   Raw materials and supplies, purchased

   goods                                 EUR         52,992,847.57

  Gross result (+/-)                     EUR         90,468,341.58

  Staff expenses                         EUR         28,254,726.45

   Wages and salaries                    EUR         21,726,978.17

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR          6,527,748.28

  Total depreciation                     EUR          4,713,736.32

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR          4,713,736.32

  Other operating expenses               EUR         11,583,759.36

  Operating result from continuing

  operations                             EUR         45,916,119.45

  Interest result (+/-)                  EUR         -4,459,360.68

   Interest and similar income           EUR             17,073.79

    thereof from related companies       EUR             11,945.79

   Interest and similar expenses         EUR          4,476,434.47

    thereof paid to related companies    EUR             66,629.18

  Other financial result                 EUR         11,445,252.07

   Income from securities and loans from

   financial assets                      EUR         11,445,252.07

  Financial result (+/-)                 EUR          6,985,891.39

  Result from ordinary operations (+/-)  EUR         52,902,010.84

  Expenses for transfer of profits to a

  parent company                         EUR         52,279,524.42

  Income tax / refund of income tax (+/-)EUR           -512,530.54

  Other taxes / refund of taxes          EUR           -109,955.88

  Tax (+/-)                              EUR           -622,486.42

  Annual surplus / annual deficit        EUR                  0.00

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2011 - 31.12.2011

 

 ASSETS                                  EUR        162,748,239.56

  Fixed assets                           EUR        109,254,768.15

   Intangible assets                     EUR             78,353.00

    Concessions, licences, rights        EUR             78,353.00

   Tangible assets                       EUR         33,561,940.88

    Land / similar rights                EUR         10,287,345.10

    Plant / machinery                    EUR         16,188,355.00

    Other tangible assets / fixtures and

    fittings                             EUR          3,309,487.55

    Advance payments made / construction

    in progress                          EUR          3,776,753.23

   Financial assets                      EUR         75,614,474.27

    Shares in participations /

    subsidiaries and the like            EUR          9,884,642.00

     Shares in related companies         EUR          9,884,642.00

    Other / unspecified financial assets EUR         65,729,832.27

  Current assets                         EUR         53,291,933.45

   Stocks                                EUR         12,022,362.73

    Raw materials, consumables and

    supplies                             EUR          7,239,113.73

    Finished goods / work in progress    EUR          4,783,249.00

   Accounts receivable                   EUR         41,260,853.19

    Amounts due from shareholders        EUR          7,881,711.28

    Amounts due from related companies   EUR         32,045,719.43

    Other debtors and assets             EUR          1,333,422.48

   Liquid means                          EUR              8,717.53

  Remaining other assets                 EUR            201,537.96

   Accruals (assets)                     EUR             31,655.43

   Active difference from asset

   offsetting                            EUR            169,882.53

 

 LIABILITIES                             EUR        162,748,239.56

  Shareholders' equity                   EUR         16,815,375.63

   Capital                               EUR         10,226,000.00

    Subscribed capital (share capital)   EUR         10,226,000.00

   Reserves                              EUR          6,589,375.63

    Retained earnings / revenue reserves EUR          6,589,375.63

  Provisions                             EUR         91,309,299.83

   Pension provisions and comparable

   provisions                            EUR         87,103,618.00

   Other / unspecified provisions        EUR          4,205,681.83

  Liabilities                            EUR         54,623,564.10

   Other liabilities                     EUR         54,623,564.10

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR          2,996,816.14

    Liabilities due to shareholders      EUR         49,591,300.88

    Liabililties due to related companiesEUR            379,609.00

    Unspecified other liabilities        EUR          1,655,838.08

     thereof liabilities from tax /

     financial authorities               EUR            306,636.42

     thereof liabilities from social

     security                            EUR            520,857.00

 

 PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.

 Code (HGB)

  Sales                                  EUR        128,417,006.06

  Inventory change + own costs (+/-)     EUR           -892,776.00

   Inventory change (+/-)                EUR           -892,776.00

  Other operating income                 EUR          9,504,329.75

  Cost of materials                      EUR         47,448,607.71

   Raw materials and supplies, purchased

   goods                                 EUR         47,448,607.71

  Gross result (+/-)                     EUR         89,579,952.10

  Staff expenses                         EUR         25,788,782.62

   Wages and salaries                    EUR         20,978,441.93

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR          4,810,340.69

  Total depreciation                     EUR          4,640,524.91

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR          4,640,524.91

  Other operating expenses               EUR         10,973,659.71

  Operating result from continuing

  operations                             EUR         48,176,984.86

  Result from participating interests

  (+/-)                                  EUR          4,430,440.56

   Expenses / income from participations EUR          4,430,440.56

    Income from related companies        EUR          4,430,440.56

  Interest result (+/-)                  EUR         -4,586,507.85

   Interest and similar income           EUR             43,037.19

    thereof from related companies       EUR             14,373.63

   Interest and similar expenses         EUR          4,629,545.04

    thereof paid to related companies    EUR            133,346.95

  Other financial result                 EUR          1,945,062.58

   Income from securities and loans from

   financial assets                      EUR          1,945,062.58

  Financial result (+/-)                 EUR          1,788,995.29

  Result from ordinary operations (+/-)  EUR         49,965,980.15

  Expenses for transfer of profits to a

  parent company                         EUR         49,399,497.48

  Income tax / refund of income tax (+/-)EUR           -464,079.78

  Other taxes / refund of taxes          EUR           -102,402.89

  Tax (+/-)                              EUR           -566,482.67

  Annual surplus / annual deficit        EUR                  0.00

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.06

UK Pound

1

Rs.101.84

Euro

1

Rs.81.56

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

NIS

 

               

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.