|
Report Date : |
04.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
ANIMEDICA INTERNATIONAL GMBH |
|
|
|
|
Registered Office : |
Solmsstr. 41, D 60486 |
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|
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Country : |
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|
|
|
Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
1967 |
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|
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Com. Reg. No.: |
HRB 12460 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesale of pharmaceutical goods |
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No. of Employees : |
11 |
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 |
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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, 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 |
ANIMEDICA INTERNATIONAL GMBH
Company Status: active
Solmsstr. 41
D 60486 Frankfurt
Post Box:
11 01 42, D
60036 Frankfurt
Telephone:069/727276-0
Telefax:
069/727276-77
Homepage:
www.animedica-i.de
VAT no.: DE114118632
Tax ID number: 045
228 38150
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1967
Shareholders'
agreement: 20.04.1967
Registered on: 15.06.1972
Commercial Register: Local court 60313 Frankfurt
under: HRB
12460
Share capital: EUR 883,200.00
Number of
shareholders:
23
Shareholder total capital: EUR 883,200.00
Manager:
Herbert Sinning
D 61267 Neu-Anspach
authorized to jointly
represent the company
Profession: Fully
qualified agri. engineer
President of
the Supervisory Board:
Jacob Holm
DK - Graasten
Nationality: danish
Vice-president of the Supervisory Board:
Wolfgang Grimberg
D 60323 Frankfurt
Vice-president of the Supervisory Board:
Jean-Jacques
Blain
F - Paris
Nationality: French
Marital status: unknown
Vice-president of the Supervisory Board:
Christoph Henöckl
A - Wien
Nationality: Austrian
Marital status: unknown
Member of
the Supervisory Board:
Hans-Josef Hilgers
Herzogenfeld 11
D 51519 Odenthal
born: 02.07.1956
Profession: Businessman
Marital status: married
Member of
the Supervisory Board:
Dr. Ewald Franz Glaser
Straßburger Str. 10
D 77833
Ottersweier
born: 22.01.1958
Profession: Fully
qualified agri. engineer
Marital status: married
Member of
the Supervisory Board:
Per Nilsson
S - Lomma
Profession: Director
Nationality: Swedish
Marital status: married
Member of
the Supervisory Board:
Jürgen Wortmann
Ahornweg 10
D 49176 Hilter
born: 08.08.1953
Profession: Businessman
Marital status: married
Member of
the Supervisory Board:
Dr. Josef Krapf
D 71332 Waiblingen
born: 22.01.1960
Profession: Businessman
Member of
the Supervisory Board:
Detlef Schrader
D 37539 Bad Grund
born: 15.02.1964
Member of
the Supervisory Board:
Patrick Andre Albert
Boone
B Lokeren
born: 12.02.1961
Nationality: Belgian
Member of
the Supervisory Board:
Dr.med.vet
Stephan Gut
CH - Zürich
Profession: Veterinary
surgeon
Nationality: Swiss
Marital status: married
Member of
the Supervisory Board:
Angel Lazaro
E - Madrid
Profession: Director
Nationality: Spanish
Marital status: married
Member of
the Supervisory Board:
David O'Sullivan
IRL - Cork
Profession: Director
Nationality: Irish
Marital status: unknown
Member of
the Supervisory Board:
Antonio Valls i Porta
E - Madrid
Profession: Manager
Nationality: Spanish
Marital status: married
Member of
the Supervisory Board:
Thierry Détrée
F - Paris
Profession: Director
Nationality: French
Marital status: unknown
Member of
the Supervisory Board:
Tarmo Kajander
SF - Helsinki
Profession: Director
Nationality: Finnish
Marital status: unknown
Member of
the Supervisory Board:
Martin J. M. Bolscher
NL Pre Mervo
Nationality: Dutch
Marital status: unknown
15.06.1972 - 31.12.1995 Animedica-International
Chemische
Produkte Gesellschaft mit
beschränkter
Grüneburgweg 51
D 60323 Frankfurt
Private limited company
31.12.1995 - 17.05.2013 aniMedica
international GmbH
Reuterweg 51-53
D 60323 Frankfurt
Private limited company
18.10.2012 - 01.01.2013 Member
of the Supervisory Board
Carl Dorninger
S - Malmö
18.10.2012
- 01.01.2013 Member of the Supervisory Board
Jan Smulders
NL - Utrecht
18.10.2012 - 01.01.2013 Member
of the Supervisory Board
Pierre Joseph Paoli
F Paris
04.02.2012 - 18.10.2012 Member
of the Supervisory Board
Martin J.M. Bolscher
NL - Rotterdam
09.10.2000 - 18.10.2012 Vice-president
of the Supervisory Board
Patrice Gollier
F Paris
Main
industrial sector
46461
Wholesale of pharmaceutical goods
Payment experience: within agreed terms
Negative
information: We have no negative
information at hand.
Type of ownership: Tenant
Address Solmsstr.
41
D 60486 Frankfurt
Land register documents were not available.
Principal bank
DZ BANK, FRANKFURT AM MAIN
Sort. code: 50060000, Account no.: 36439, BIC:
GENODE55XXX
Further banks
COMMERZBANK GF BRS, FRANKFURT AM MAIN
Sort. code: 50040033, BIC: COBADEF1BRS
COMMERZBANK, FRANKFURT AM MAIN
Sort. code: 50040000, BIC: COBADEFFXXX
POSTBANK, FRANKFURT AM MAIN
Sort. code: 50010060, Account no.: 7806601,
BIC: PBNKDEFFXXX
Turnover: 2012 EUR 40,000,000.00
Equipment: EUR 101,534.00
Ac/ts
receivable: EUR 4,270,260.00
Liabilities: EUR 5,080,428.00
Employees:
11
- thereof permanent staff: 10
- Freelancer:
1
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 27.18
Liquidity ratio: 0.78
Return on total capital [%]: 1.41
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 37.20
Liquidity ratio: 1.18
Return on total capital [%]: 5.29
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 8.39
Liquidity ratio: 0.63
Return on total capital [%]: 11.17
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: 01.01.2010 - 31.12.2010
ASSETS EUR 7,399,522.40
Fixed assets
EUR 151,735.58
Intangible assets
EUR 41,775.00
Concessions, licences, rights
EUR 41,775.00
Tangible assets
EUR 101,534.00
Other tangible assets / fixtures and
fittings
EUR 101,534.00
Financial assets
EUR 8,426.58
Shares in participations /
subsidiaries and the like EUR 3,006.14
Shares in related companies
EUR 3,006.14
Securities included in fixed assets
EUR 5,420.44
Current assets
EUR 7,247,354.13
Stocks EUR 2,370,698.52
Finished goods / work in progress
EUR 2,370,698.52
Accounts receivable
EUR 4,270,260.20
Trade debtors
EUR 2,380,548.65
Amounts due from related companies
EUR 182,221.69
Amounts due from investee companies
EUR 1,550,312.32
Other debtors and assets
EUR 157,177.54
Liquid means
EUR 606,395.41
Remaining other assets
EUR 432.69
Accruals (assets)
EUR 432.69
LIABILITIES EUR 7,399,522.40
Shareholders' equity
EUR 2,172,223.97
Capital
EUR 806,400.00
Subscribed capital (share capital)
EUR 883,200.00
Other capital
EUR -76,800.00
Reserves
EUR 1,020,843.35
Capital reserves
EUR 944,043.35
Retained earnings / revenue reserves EUR 76,800.00
Balance sheet profit/loss (+/-)
EUR 344,980.62
Balance sheet profit / loss
EUR 344,980.62
Provisions
EUR 146,870.00
Other / unspecified provisions
EUR 146,870.00
Liabilities
EUR 5,080,428.43
Financial
debts EUR 1,000,000.00
Liabilities due to banks
EUR 1,000,000.00
Other liabilities
EUR 4,080,428.43
Trade creditors (for IAS incl. bills
of exchange) EUR 3,053,598.93
Liabilities due to investee companiesEUR 983,267.98
Unspecified other liabilities
EUR 43,561.52
PROFIT AND
LOSS ACCOUNT (cost-summary method) according to Comm. Code (HGB)
Sales
EUR 35,934,951.89
Other operating income
EUR 87,904.77
Cost of materials
EUR 34,834,825.01
Raw materials and supplies, purchased
goods
EUR 34,834,825.01
Gross result (+/-)
EUR 1,188,031.65
Staff expenses
EUR 558,048.30
Wages and salaries
EUR 464,362.14
Social security contributions and
expenses for pension plans and
benefits
EUR 93,686.16
Total depreciation
EUR 41,029.86
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 41,029.86
Other operating expenses
EUR 464,466.27
Operating result from continuing
operations
EUR 124,487.22
Result from participating interests
(+/-)
EUR 418.80
Expenses / income from participations EUR 418.80
Income from related companies
EUR 418.80
Interest
result (+/-) EUR -17,386.60
Interest and similar income
EUR 10,121.96
thereof from related companies
EUR 0.00
Interest and similar expenses
EUR 27,508.56
thereof paid to related companies
EUR 2,752.01
Financial result (+/-)
EUR -16,967.80
Result from ordinary operations (+/-)
EUR 107,519.42
Extraordinary income
EUR 5,372.63
Extraordinary expenses
EUR 1,174.92
Extraordinary result (+/-)
EUR 4,197.71
Income tax / refund of income tax (+/-)EUR -21,353.48
Other taxes / refund of taxes EUR -4,243.25
Tax (+/-)
EUR -25,596.73
Annual surplus / annual deficit
EUR 86,120.40
Type of
balance sheet: Company
balance sheet
Financial
year: 01.01.2009 - 31.12.2009
ASSETS EUR 6,614,327.32
Fixed assets
EUR 69,457.58
Tangible assets
EUR 61,031.00
Other tangible assets / fixtures and
fittings
EUR 61,031.00
Financial assets
EUR 8,426.58
Shares in participations /
subsidiaries and the like
EUR 3,006.14
Shares in related companies
EUR 3,006.14
Securities included in fixed assets
EUR 5,420.44
Current assets
EUR 6,544,675.38
Stocks
EUR 1,763,222.36
Finished goods / work in progress
EUR 1,763,222.36
Accounts receivable
EUR 3,966,538.56
Trade debtors
EUR 1,840,637.99
Amounts due from related companies
EUR 50,835.13
Amounts due from investee companies
EUR 1,785,277.81
Other debtors and assets
EUR 289,787.63
Investments in current assets
EUR 150,000.00
Own shares EUR 150,000.00
Liquid means
EUR 664,914.46
Remaining other assets
EUR 194.36
Accruals (assets)
EUR 194.36
LIABILITIES EUR 6,614,327.32
Shareholders' equity
EUR 2,276,423.57
Capital
EUR 883,200.00
Subscribed capital (share capital)
EUR 883,200.00
Reserves
EUR 494,043.35
thereof for own shares
EUR 150,000.00
Capital reserves
EUR 344,043.35
Other / unspecified reserves
EUR 150,000.00
Balance sheet profit/loss (+/-)
EUR 899,180.22
Balance sheet profit / loss
EUR 899,180.22
Provisions
EUR 418,137.00
Provisions for taxes
EUR 155,547.00
Other / unspecified provisions
EUR 262,590.00
Liabilities
EUR 3,919,766.75
Other liabilities
EUR 3,919,766.75
Trade creditors (for IAS incl. bills
of exchange) EUR 2,293,430.17
Liabilities due to investee companiesEUR 1,399,244.42
Unspecified other liabilities
EUR 227,092.16
Guarantees and other commitments
EUR 54,873.62
Other guarantees and other commitmentsEUR 54,873.62
PROFIT AND
LOSS ACCOUNT (cost-summary method) according to Comm. Code (HGB)
Sales
EUR 31,639,396.93
Other operating income EUR 163,068.96
Cost of materials
EUR 30,506,166.07
Raw materials and supplies, purchased
goods
EUR 30,506,166.07
Gross result (+/-)
EUR 1,296,299.82
Staff expenses
EUR 532,638.54
Wages and salaries
EUR 444,497.55
Social security contributions and
expenses for pension plans and
benefits EUR 88,140.99
Total depreciation
EUR 23,409.40
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 23,409.40
Other operating expenses
EUR 409,429.32
Operating result from continuing
operations
EUR 330,822.56
Result from participating interests
(+/-)
EUR 209.40
Expenses / income from participations EUR 209.40
Income from related companies
EUR 209.40
Interest result (+/-)
EUR 13,014.34
Interest and similar income
EUR 22,261.88
thereof from related companies
EUR 0.00
Interest and similar expenses
EUR 9,247.54
thereof paid to related companies
EUR 0.00
Financial result (+/-) EUR 13,223.74
Result from ordinary operations (+/-)
EUR 344,046.30
Income tax / refund of income tax (+/-)EUR -92,834.00
Other taxes / refund of taxes
EUR -3,685.67
Tax (+/-) EUR -96,519.67
Annual surplus / annual deficit
EUR 247,526.63
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.69 |
|
|
1 |
Rs.102.97 |
|
Euro |
1 |
Rs.84.58 |
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.