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Report Date : |
05.12.2014 |
IDENTIFICATION DETAILS
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Name : |
ABOU MERHI LINIENAGENTUR GMBH |
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Registered Office : |
Borstelmannsweg 145, D 20537 Hamburg |
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Country : |
Germany |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
13.08.1998 |
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Com. Reg. No.: |
HRB 69032 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Inland
Freight Water Transport ·
Forwarding
Agency |
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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 |
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Maximum Credit Limit : |
5,000 EUR |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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 – 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 |
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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, 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 |
ABOU
MERHI LINIENAGENTUR GMBH
Company Status: active
Borstelmannsweg 145
D 20537 Hamburg
Telephone:040/4109390
Telefax: 040/41093920
E-mail: info@abou-merhi-hamburg.com
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 13.08.1998
Shareholders'
agreement: 13.08.1998
Registered
on: 06.11.1998
Commercial Register: Local court 20355 Hamburg
under: HRB
69032
EUR 25,564.59
Shareholder
Atif Ali Abo Merhe
Weidestr. 111c
D 22083 Hamburg
Share: EUR 25,564.59
Manager:
Wajdi Youssef Nasr
Hermann-Blohm-Str. 3
D 20457 Hamburg
having sole power of
representation
born: 25.09.1974
Further functions/participations of Wajdi
Youssef Nasr (Manager)
Shareholder:
AML Ship Management GmbH
Borstelmannsweg 145
D 20537 Hamburg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 03.05.2011
Reg. data: 20355 Hamburg, HRB 118179
Manager:
AML Ship Management GmbH
Borstelmannsweg 145
D 20537 Hamburg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 03.05.2011
Reg. data: 20355 Hamburg, HRB 118179
30.08.2002 - 02.06.2003 Abou Merhi Linienagentur GmbH Schuppen
71 b
Nehlsstr. 55
D 20457 Hamburg
Private limited
company
02.06.2003 - 22.01.2014 Abou Merhi Linienagentur GmbH
Hermann-Blohm-Str. 3
D 20457 Hamburg
Private limited
company
Sectors
50400 Inland freight water transport
52291
Forwarding agency
Payment experience: within periods customary in this trade
Negative information:We have no negative
information at hand.
Maximum credit: 5,000 EUR
The maximum credit is our recommendation
for the maximum credit limit for the
inquired company.
Balance sheet year: 2012
Type of ownership: Tenant
Address Borstelmannsweg
145
D 20537 Hamburg
Land
register documents were not available.
HAMBURGER SPARKASSE, 20454 HAMBURG
Sort. code: 20050550
BIC: HASPDEHHXXX
Profit: 2012 EUR -34,629.00
Ac/ts receivable: EUR 176,986.00
Liabilities: EUR 127,706.00
The
number of employees is not known.
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 37.04
Liquidity ratio: 1.54
Return on total capital [%]: -15.34
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 40.01
Liquidity ratio: 2.48
Return on total capital [%]: 12.18
Balance
sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 84.89
Liquidity ratio: 10.00
Return on total capital [%]: 19.49
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 60.83
Liquidity ratio: 10.00
Return on total capital [%]: -32.80
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 226,462.84
Fixed assets
EUR 37,650.00
Intangible assets
EUR 1,560.00
Tangible assets
EUR 36,090.00
Current assets
EUR 182,827.55
Accounts receivable
EUR 176,985.83
Liquid means
EUR 5,841.72
Remaining other assets
EUR 5,985.29
Accruals (assets)
EUR 5,985.29
LIABILITIES EUR 226,462.84
Shareholders' equity
EUR 77,402.03
Capital
EUR 25,564.59
Subscribed capital (share capital)
EUR 25,564.59
Balance sheet profit/loss (+/-)
EUR 51,837.44
Profit / loss brought forward
EUR 86,466.52
Annual surplus / annual deficit
EUR -34,629.08
Provisions
EUR 18,564.00
Liabilities EUR 127,705.81
Other liabilities
EUR 2,791.00
Deferred taxes (not included under
provisions/liabilities)
EUR 2,791.00
Type of balance sheet: Company
balance sheet
Financial year: 01.01.2011
- 31.12.2011
ASSETS EUR 293,830.62
Fixed assets
EUR 7,699.00
Tangible assets
EUR 7,699.00
Other / unspecified tangible assets
EUR 7,699.00
Current assets
EUR 286,131.62
Accounts receivable
EUR 217,617.19
Other debtors and assets EUR 217,617.19
Liquid means
EUR 68,514.43
LIABILITIES EUR 293,830.62
Shareholders' equity
EUR 112,031.11
Capital EUR 25,564.59
Subscribed capital (share capital)
EUR 25,564.59
Balance sheet profit/loss (+/-)
EUR 86,466.52
Profit / loss brought forward
EUR 50,683.68
Annual surplus / annual deficit
EUR 35,782.84
Provisions
EUR 12,544.00
Liabilities
EUR 161,719.51
Other liabilities
EUR 161,719.51
Unspecified other liabilities
EUR 161,719.51
Other liabilities
EUR 7,536.00
Deferred taxes (not included under
provisions/liabilities)
EUR 7,536.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.88 |
|
|
1 |
Rs.97.02 |
|
Euro |
1 |
Rs.76.13 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NIT |
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 |
|
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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.