|
Report Date : |
15.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
WALHALLA
DELIKATESSEN GMBH |
|
|
|
|
Registered Office : |
Benzstr.
5, OT Unterheising D 93092 Barbing |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
17.07.1989 |
|
|
|
|
Legal Form : |
Private
limited company |
|
|
|
|
Line of Business : |
Wholesale
of fruit and vegetables |
|
|
|
|
No. of Employees : |
11 |
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 – 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 |
|
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 |
WALHALLA DELIKATESSEN GMBH
Company Status: active
Benzstr. 5 , OT Unterheising
D 93092 Barbing
Telephone:09401/52833-0
Telefax: 09403/52833-22
Homepage:
www.walhalla-delikatessen.de
E-mail: walhalla-delikatessen@t-online.de
VAT no.: DE130961582
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 01.06.1989
Shareholders'
agreement: 01.06.1989
Registered on: 17.07.1989
Commercial Register: Local court 93049 Regensburg
under: HRB
4009
Share capital: EUR 225,000.00
Shareholder:
J. Bauer GmbH & Co.
KG
Molkerei-Bauer-Str. 1-10
D 83512 Wasserburg
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR
12,500,000.00
contribution:
Share: EUR 202,500.00
Registered on: 21.01.1935
Reg. data: 83278
Traunstein, HRA 2499
Shareholder:
Peter Brunsch
Fliederweg 10
OT Sulzbah
D 93093 Donaustauf
born: 31.07.1960
Share: EUR 22,500.00
Manager:
Peter Brunsch
Fliederweg 10
OT Sulzbah
D 93093 Donaustauf
having sole power of
representation
born: 31.07.1960
Proxy:
Renate Aumer
D 92421 Schwandorf
having sole power of
representation
born: 27.08.1958
Further functions/participations of Peter
Brunsch (Manager)
Shareholder:
Stannecker GmbH
Am Steinbach 16
D 94496 Ortenburg
Legal form: Private
limited company
Share capital: EUR 590,000.00
Share: EUR 59,000.00
Registered
on: 13.01.1988
Reg. data: 94032 Passau, HRB 2681
Manager:
Stannecker GmbH
Am Steinbach 16
D 94496 Ortenburg
Legal form: Private
limited company
Share capital: EUR 590,000.00
Registered
on: 13.01.1988
Reg. data: 94032 Passau, HRB 2681
Member of the Supervisory Board:
Elsdorfer Feinkost
Aktiengesellschaft
Molkereistr. 6
D 27404 Elsdorf
Legal form: Public limited
company
Share capital: EUR 2,660,000.00
Registered
on: 19.01.1987
Reg. data: 21255 Tostedt, HRB 120117
17.07.1989 - 05.11.2008 Walhalla Delikatessen GmbH
Eichendorffstr. 1
D 93093 Donaustauf
Private limited
company
Main industrial sector
46310
Wholesale of fruit and vegetables
Payment
experience: within periods customary in
this trade
Negative
information:We have no negative information at hand.
BALANCE SHEET YEAR: 2011
Type of ownership: leaseholder
Address Eichendorffstr.
1
D 93093 Donaustauf
Type of ownership: Tenant
Address Benzstr.
5 , OT Unterheising
D 93092 Barbing
Land register documents were not available.
RAIFFEISENBANK OBERPFALZ SÜD, 93093 DONAUSTAUF
Sort. code: 75062026
BIC: GENODEF1DST
Turnover: 2013 *EUR 3,740,000.00
Ac/ts receivable: EUR
1,567,547.00
Liabilities: EUR 1,406,823.00
Employees:
11
The business figures marked with an asterisk
are estimates based
on average values in the line of business.
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 65.10
Liquidity ratio: 1.93
Return on total capital [%]: 1.24
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 72.34
Liquidity ratio: 2.11
Return on total capital [%]: 3.29
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 51.29
Liquidity ratio: 1.06
Return on total capital [%]: 4.09
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 39.53
Liquidity ratio: 0.71
Return on total capital [%]: 2.36
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: 01.01.2011
- 31.12.2011
ASSETS EUR 3,241,161.42
Fixed assets EUR 751,094.00
Intangible assets EUR
1.00
Other / unspecified intangible assets EUR
1.00
Tangible assets EUR
751,093.00
Other / unspecified tangible assets EUR 751,093.00
Current assets EUR 2,488,509.92
Stocks EUR
828,396.27
Accounts receivable EUR
1,567,547.14
Other debtors and assets EUR 1,567,547.14
Liquid means EUR 92,566.51
Remaining other assets EUR
1,557.50
Accruals (assets) EUR
1,557.50
LIABILITIES EUR 3,241,161.42
Shareholders' equity EUR
1,610,080.83
Capital EUR 225,000.00
Subscribed capital (share capital) EUR 225,000.00
Balance sheet profit/loss (+/-) EUR 1,385,080.83
Balance sheet profit / loss EUR 1,385,080.83
Provisions EUR 224,258.00
Liabilities EUR 1,406,822.59
Other liabilities EUR
1,406,822.59
Unspecified other liabilities EUR 1,406,822.59
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2010
- 31.12.2010
ASSETS EUR 2,861,461.34
Fixed assets EUR 771,871.00
Intangible assets EUR 1.00
Other / unspecified intangible assets EUR
1.00
Tangible assets EUR
771,870.00
Other / unspecified tangible assets EUR 771,870.00
Current assets EUR 2,087,203.84
Stocks EUR 937,439.58
Accounts receivable EUR
1,123,804.24
Other debtors and assets EUR 1,123,804.24
Liquid means EUR 25,960.02
Remaining other assets EUR
2,386.50
Accruals (assets) EUR
2,386.50
LIABILITIES EUR 2,861,461.34
Shareholders' equity
EUR
1,570,036.13
Capital EUR 225,000.00
Subscribed capital (share capital)
EUR 225,000.00
Balance sheet profit/loss (+/-) EUR 1,345,036.13
Balance sheet profit / loss EUR 1,345,036.13
Provisions EUR 233,800.00
Liabilities EUR 1,057,625.21
Other liabilities EUR
1,057,625.21
Unspecified other liabilities EUR 1,057,625.21
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.28 |
|
|
1 |
Rs.103.67 |
|
Euro |
1 |
Rs.85.18 |
INFORMATION DETAILS
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.