|
Report Date : |
05.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
BLANKOPHOR GMBH
& CO. KG |
|
|
|
|
Registered Office : |
Schulstr. 3, D 49577 Ankum |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
09.08.2007 |
|
|
|
|
Com. Reg. No.: |
HRA 202347 |
|
|
|
|
Legal Form : |
Ltd Partnership with Priv. Ltd. Company as
General Partner |
|
|
|
|
Line of Business : |
Engaged in sales, services & manufacturer of chemicals for the paper industry as well as research & development of whiteners. |
|
|
|
|
No of Employees : |
87 |
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 : |
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 nuclear power for 23% of its electricity generating
capacity and 46% of its base-load electricity production.
|
Source
: CIA |
Note:
Blankophor GmbH & Co. KG, Marie-Curie-Str. 10, D 51377 Leverkusen
The subject of your inquiry is a branch. We are reporting on the
headquarters.
Blankophor GmbH & Co. KG
Schulstr. 3
D 49577 Ankum
Telephone: 05462/741221
Telefax: 05462/741274
Homepage: www.blankophor.com
E-mail: info@indulor.de
active
DE273178295
LEGAL FORM Ltd
partnership with priv. ltd. company as general partner
Date of foundation: 09.08.2007
Begin of business
activities: 21.10.2010
Registered on: 21.10.2010
Register of
companies: Local court 49074 Osnabrück
under: HRA
202347
Total cap. contribution: EUR
3,960,000.00
Erwin Fengler
Rosenweg 16
D 49577 Ankum
born: 25.04.1940
in Duisburg
Share: EUR 2,200,000.00
Limited partner:
Thomas
Fengler
Obingskamp 2
D 49610
Quakenbrück
born:
30.12.1965
Share: EUR 400,000.00
Limited partner:
Kirsten
Steinhaus
Gildewart 4
D 49593
Bersenbrück
born:
06.03.1967
Share: EUR 400,000.00
Limited partner:
Sabine
Kampkötter
D 30890
Barsinghausen
born:
22.09.1963
Share: EUR 400,000.00
Limited partner:
Sebastian
Fengler
D 49577 Ankum
born:
10.03.1965
Share: EUR 400,000.00
Limited partner:
Ilse Fengler
Rosenweg 16
D 49577 Ankum
born:
30.04.1940
née: Neba
Share: EUR 160,000.00
IVF Beteiligungs
GmbH
Schulstr. 3
D 49577 Ankum
Legal form:
Private limited company
Share
capital: EUR 25,000.00
Registered on:
10.09.2003
Reg. data: 49074
Osnabrück, HRB 21114
Erwin Fengler
Rosenweg 16
D 49577 Ankum
born: 25.04.1940
in Duisburg
Share: EUR 13,750.00
Shareholder:
Thomas
Fengler
Obingskamp 2
D 49610
Quakenbrück
born: 30.12.1965
Share: EUR 2,500.00
Shareholder:
Sebastian
Fengler
Rosenweg 16
D 49577 Ankum
born:
10.03.1982
Share: EUR 2,500.00
Shareholder:
Sabina
Kampkötter
Die Heide 60
D 30890
Barsinghausen
born:
22.09.1963
Share: EUR 2,500.00
Shareholder:
Kirsten
Steinhaus
Gildewart 4
D 49593
Bersenbrück
born:
06.03.1967
Share: EUR 2,500.00
Shareholder:
Ilse Fengler
Rosenweg 16
D 49577 Ankum
born:
30.04.1940
née: Neba
Share: EUR 1,250.00
Erwin Fengler
Rosenweg 16
D 49577 Ankum
having sole power
of representation
born: 25.04.1940
in Duisburg
Profession:
Laboratory technician
Marital status:
married
Manager:
Christoph
Eric Heinekamp
D 50667 Köln
having sole
power of representation
born:
19.04.1967
Profession:
Businessman
Marital
status: married
Manager:
Thomas
Fengler
Obingskamp 2
D 49610
Quakenbrück
having sole
power of representation
born:
30.12.1965
Manager:
Kirsten
Steinhaus
Gildewart 4
D 49593 Bersenbrück
having sole
power of representation
born:
06.03.1967
Anno Steinhaus
D 49593
Bersenbrück
having sole power
of representation
born: 10.03.1965
Further functions/participations of IVF
Beteiligungs GmbH
(General partner)
General partner:
Fengler
Holding GmbH & Co. KG
Schulstr. 3
D 49577 Ankum
Legal form:
Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 1,000,000.00
contribution:
Registered
on: 26.09.2003
Reg.
data: 49074 Osnabrück, HRA 7379
General partner:
IVF Bramsche
GmbH & Co. KG
Schulstr. 3
D 49577 Ankum
Legal form:
Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 51,129.19
contribution:
Registered
on: 28.10.2003
Reg.
data: 49074 Osnabrück, HRA 7391
General partner:
Fengler US
Beteiligungs GmbH & Co. KG
Schulstr. 3
D 49577 Ankum
Legal form:
Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 100,000.00
contribution:
Registered
on: 28.05.2009
Reg.
data: 49074 Osnabrück, HRA 201589
01.10.2007 - 21.10.2010 CATEC
GmbH
Römerstr. 80
D 53343 Wachtberg
Private limited
company
·
Engaged
in sales, services & manufacturer of chemicals for the paper industry as
well as research & development of whiteners.
Branch:
Blankophor
GmbH & Co. KG
Marie-Curie-Str. 10
D 51377
Leverkusen
TEL.:
0214/2069520
FAX.:
0214/20695211
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 Schulstr. 3
D 49577 Ankum
Real Estate of: IVF Beteiligungs GmbH
Type of ownership: Tenant
Address Schulstr. 3
D 49577 Ankum
Land register documents were not available.
COMMERZBANK, 50447 KÖLN
Sort. code: 37040044
BIC: COBADEFFXXX
OLDENBURGISCHE LANDESBANK AG, 26016 OLDENBURG (OLDB)
Sort. code: 28020050
BIC: OLBODEH2XXX
SPARKASSE LEVERKUSEN, 51312 LEVERKUSEN
Sort. code: 37551440
BIC: WELADEDLLEV
Gross
profit or loss:2013
EUR 16,200,000.00
Profit: 2012 EUR -3,347,827.00
further
business figures:
Equipment: EUR 640,208.00
Ac/ts
receivable:
EUR 14,155,679.00
Liabilities: EUR 38,078,408.00
Employees:
87
Balance
sheet ratios 01.01.2012 - 31.12.2012
Equity
ratio [%]: -16.33
Liquidity
ratio: 0.40
Return
on total capital [%]: -9.05
Balance
sheet ratios 01.01.2011 - 31.12.2011
Equity
ratio [%]: -9.48
Liquidity
ratio: 0.42
Return
on total capital [%]: -9.91
Balance
sheet ratios 30.09.2010 - 31.12.2010
Equity
ratio [%]: -2.96
Liquidity
ratio: 0.38
Return
on total capital [%]: -6.30
Balance
sheet ratios 01.01.2010 - 30.09.2010
Equity
ratio [%]: 100.00
Liquidity
ratio: 10.00
Return
on total capital [%]: -3.63
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 43,027,508.22
Fixed assets EUR 13,382,762.97
Intangible assets EUR 825,773.00
Concessions, licences, rights EUR 825,773.00
Tangible assets EUR 6,006,989.97
Land / similar rights EUR 55,001.00
Plant / machinery EUR 5,047,428.00
Other tangible assets / fixtures and
fittings EUR 640,208.00
Advance payments made / construction
in progress EUR 264,352.97
Financial assets EUR 6,550,000.00
Shares in participations /
subsidiaries and the like EUR 6,550,000.00
Shares in related companies EUR 6,550,000.00
Current assets EUR 23,577,528.24
Stocks EUR 7,069,447.74
Raw materials, consumables and
supplies EUR 3,193,274.84
Finished goods / work in progress EUR
3,876,172.90
Accounts receivable EUR 14,155,678.94
Trade debtors EUR 9,314,418.72
Amounts due from related companies EUR 522,691.82
Amounts due from affiliated
companiesEUR 2,353,834.84
Other debtors and assets EUR 1,964,733.56
Liquid means EUR 2,352,401.56
Remaining other assets EUR 6,067,217.01
Accruals (assets) EUR 20,988.46
Deficit not covered by shareholders'
equity EUR 6,046,228.55
LIABILITIES EUR
43,027,508.22
Provisions EUR 4,949,100.00
Pension provisions and comparable
provisions EUR 4,892,100.00
Other / unspecified provisions EUR 57,000.00
Liabilities EUR 38,078,408.22
Financial debts EUR 6,500,000.00
Liabilities due to banks EUR 6,500,000.00
Other liabilities EUR 31,578,408.22
Trade creditors (for IAS incl. bills
of exchange) EUR 1,635,648.65
Liabilities due to affiliated
companies / persons / organs EUR 29,717,011.38
Unspecified other liabilities EUR 225,748.19
Guarantees and other commitments EUR 11,006,000.00
Other guarantees and other
commitmentsEUR 11,006,000.00
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Sales
EUR 59,039,136.81
Inventory change + own costs (+/-) EUR 367,414.54
Inventory change (+/-) EUR 367,414.54
Other operating income EUR 608,196.69
Cost of materials EUR 42,172,708.63
Raw materials and supplies, purchased
goods EUR 40,231,140.81
Purchased services EUR 1,941,567.82
Gross result (+/-) EUR 17,842,039.41
Staff expenses EUR 8,300,947.91
Wages and salaries EUR 6,008,447.28
Social security contributions and
expenses for pension plans and
benefits
EUR 2,292,500.63
Total depreciation EUR 899,352.43
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 899,352.43
Other operating expenses EUR 11,471,925.49
Operating result from continuing
operations EUR -2,830,186.42
Interest result (+/-) EUR -517,641.05
Interest and similar income EUR 3,918.86
Interest and similar expenses EUR 521,559.91
Financial result (+/-) EUR -517,641.05
Result from ordinary operations (+/-) EUR
-3,347,827.47
Annual surplus / annual deficit EUR -3,347,827.47
Type
of balance
sheet: Company balance sheet
Financial
year: 01.01.2011 - 31.12.2011
ASSETS EUR 42,668,870.27
Fixed assets EUR 13,561,059.23
Intangible assets EUR 635,974.23
Concessions, licences, rights EUR 635,974.23
Tangible assets EUR 6,375,085.00
Land / similar rights EUR 57,029.00
Plant / machinery EUR 5,698,424.00
Other tangible assets / fixtures and
fittings EUR 619,632.00
Financial assets EUR
6,550,000.00
Shares in participations /
subsidiaries and the like EUR 6,550,000.00
Shares in related companies EUR 6,550,000.00
Current assets EUR 25,400,132.42
Stocks EUR 7,975,873.91
Raw materials, consumables and
supplies EUR 4,467,115.55
Finished goods / work in progress EUR
3,508,758.36
Accounts receivable EUR 15,656,069.14
Trade debtors EUR 8,119,924.88
Amounts due from related companies EUR
1,843,482.08
Amounts due from affiliated
companiesEUR 3,518,479.57
Other debtors and assets EUR 2,174,182.61
Liquid means EUR 1,768,189.37
Remaining other assets EUR 3,707,678.62
Accruals (assets) EUR 654.00
Deficit not covered by shareholders'
equity EUR 3,707,024.62
LIABILITIES EUR 42,668,870.27
Provisions EUR 3,920,717.00
Pension provisions and comparable
provisions EUR 3,868,417.00
Other / unspecified provisions EUR 52,300.00
Liabilities EUR 38,748,153.27
Financial debts EUR 5,466,641.69
Liabilities due to banks EUR 5,466,641.69
Other liabilities EUR 33,281,511.58
Trade creditors (for IAS incl. bills
of exchange) EUR 1,720,363.76
Liabilities due to affiliated
companies / persons / organs EUR 30,175,668.37
Unspecified other liabilities EUR 1,385,479.45
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Gross result (+/-) EUR 16,288,756.32
Staff expenses EUR 7,084,666.85
Wages and salaries EUR 6,014,315.55
Social security contributions and
expenses for pension plans and
benefits EUR 1,070,351.30
Total depreciation EUR 759,869.10
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 759,869.10
Other operating expenses EUR 11,612,980.83
Operating result from continuing
operations EUR -3,168,760.46
Interest result (+/-) EUR -693,593.12
Interest and similar income EUR 5,372.71
Interest and similar expenses EUR 698,965.83
Financial result (+/-) EUR -693,593.12
Result from ordinary operations (+/-) EUR
-3,862,353.58
Annual surplus / annual deficit EUR -3,862,353.58
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
: |
SUB |
|
|
|
|
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 |
-- |
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.