|
Report Date : |
20.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
ALLESSA
GMBH |
|
|
|
|
Registered Office : |
Alt-Fechenheim
34 D 60386 Frankfurt Post Box: 61 01 44, D 60382 |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
30.06.2012 |
|
|
|
|
Date of Incorporation : |
07.11.2000 |
|
|
|
|
Legal Form : |
Private
Limited Company |
|
|
|
|
Line of Business : |
Wholesale
of chemical products |
|
|
|
|
No. of Employees : |
890 |
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 |
ALLESSA GMBH
Company Status: active
Alt-Fechenheim 34
D 60386 Frankfurt
Post Box:
61 01 44, D 60382
Telephone:069/410901
Telefax: 069/41092100
Homepage: www.allessa.de
E-mail: allessa@allessa.com
VAT no.: DE813196920
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 23.10.2000
Shareholders'
agreement: 23.10.2000
Registered on: 07.11.2000
Commercial Register: Local court 60313 Frankfurt
under: HRB
50819
Share capital: EUR 4,000,002.00
Shareholder:
International Chemical Investors X S.A.
L Luxemburg
Legal form: Other legal
form
Share: EUR 4,000,002.00
Manager:
Rafael Reiser
D 42853 Remscheid
authorized to jointly
represent the company
born: 10.02.1966
Profession: Fully
qualified political
economist
Manager:
Gerhard Wolfgang Posner
D 64665 Alsbach-Hähnlein
authorized to jointly
represent the company
born: 25.08.1955
Manager:
Dr. Thomas W. Büttner
D 63322 Rödermark
authorized to jointly
represent the company
born: 13.02.1956
Marital status: unknown
President of the Supervisory Board:
Dr. Achim Georg Hannes
Riemann
In den Weingärten 8
D 65719 Hofheim
born: 15.09.1953
Profession: Businessman
Marital status: married
Member of the Supervisory Board:
Patrick Schnitzer
Corneliusstr. 5
D 60325 Frankfurt
born: 03.03.1957
Marital status: married
Member of the Supervisory Board:
Reiner Conrad
Carl-Orff-Ring 70
D 63110 Rodgau
born: 08.04.1957
Proxy:
Nikolaus Peter
Wagenhäuser
D 63549 Ronneburg
authorized to jointly
represent the company
born: 28.07.1954
Profession: Businessman
Marital status: unknown
Proxy:
Dr. Ottmar Wink
D 65527 Niedernhausen
authorized to jointly represent
the company
born: 30.05.1953
Proxy:
Dr. Heinrich Wilhelm
Angenendt
D 65510 Idstein
authorized to jointly
represent the company
born: 14.10.1956
Proxy:
Andrea Schultheiß-Blaeser
D 63784 Obernburg
authorized to jointly
represent the company
born: 14.06.1965
Further functions/participations of Rafael
Reiser (Manager)
Manager:
WeylChem Griesheim GmbH
Stroofstr. 27
D 65933 Frankfurt
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 30.10.2008
Reg. data: 60313 Frankfurt, HRB 84190
Manager:
WeylChem Frankfurt GmbH
Stroofstr. 27
D 65933 Frankfurt
Legal form: Private
limited company
Share capital: EUR 25,100.00
Registered
on: 20.12.2004
Reg. data: 60313 Frankfurt, HRB 74009
Manager:
ICIG Industrial Services
Griesheim GmbH
Stroofstr. 27
D 65933 Frankfurt
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 08.05.2012
Reg. data: 60313 Frankfurt, HRB 93685
Manager:
WeylChem Höchst GmbH
Stroofstr. 27
D 65933 Frankfurt
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 30.10.2008
Reg. data: 60313 Frankfurt, HRB 84189
Manager:
German-Sino Carbon &
Chemical GmbH
Elisenstr. 119
D 45139 Essen
Legal form: Private
limited company
Share capital: EUR 50,000.00
Registered
on: 08.10.2013
Reg. data: 45130 Essen, HRB 24950
Further functions/participations of Dr. Thomas
W. Büttner
(Manager)
Manager:
AllessaSyntec
Verwaltungs-GmbH
Industriepark Höchst
D 65926 Frankfurt
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 01.08.2003
Reg. data: 60313 Frankfurt, HRB 57278
President of the Board of Directors:
International School of
Düsseldorf eV
Niederrheinstr. 336
D 40489 Düsseldorf
Legal form: Registered
association
Registered
on: 20.03.1969
Reg. data: 40227 Düsseldorf, VR 4766
Member of the Board of Directors:
Arbeitgeberverband Chemie
und verwandte
Industrien für Land
Hessen
Murnaustr. 12
D 65189 Wiesbaden
Legal form: Registered
association
Registered
on: 22.03.1948
Reg. data: 65189 Wiesbaden, VR 1258
Proxy:
WeylChem Höchst GmbH
Stroofstr. 27
D 65933 Frankfurt
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 30.10.2008
Reg. data: 60313 Frankfurt, HRB 84189
Proxy:
WeylChem Griesheim GmbH
Stroofstr. 27
D 65933 Frankfurt
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 30.10.2008
Reg. data: 60313 Frankfurt, HRB 84190
Proxy:
WeylChem Frankfurt GmbH
Stroofstr. 27
D 65933 Frankfurt
Legal form: Private
limited company
Share capital: EUR 25,100.00
Registered
on: 20.12.2004
Reg. data: 60313 Frankfurt, HRB 74009
23.10.2000 - 25.03.2001 WT Erste Verwaltungsgesellschaft mbH
Hanauer Landstr. 528
D 60386 Frankfurt
Private limited
company
25.03.2001 - 30.09.2012 AllessaChemie GmbH
Alt Fechenheim 34
D 60386 Frankfurt
Private limited
company
20.08.2010 - 30.12.2013 President of the Supervisory Board
Dr.rer.nat.
Karl-Gerhard Seifert
D 65812 Bad Soden
20.08.2010 - 30.12.2013 Member of the Supervisory Board
Dr. Gerhard Prante
D 65719 Hofheim
20.08.2010 - 30.12.2013 Member of the Supervisory Board
Andrea Ebeling
D 60306 Frankfurt
23.07.2012 - 28.08.2013 Manager
Joachim Kögler
D 65527 Niedernhausen
23.07.2012 - 28.08.2013 Manager
Dr.rer.nat. Thomas Wisser
D 65556 Limburg
22.02.2010 - 01.11.2011 Manager
Almuth Poetz
D 61200 Wölfersheim
Main industrial sector
20590 Manufacture
of other chemical products n.e.c.
4675 Wholesale of chemical products
Secondary industrial sector
64200
Activities of holding companies
Branch:
Allessa GmbH
Kettelerstr. 99
D 63075 Offenbach
TEL.: 069/8066-540
Branch:
Allessa GmbH
Stroofstr. 27
D 65933 Frankfurt
TEL.: 069/3800-0
FAX.: 069/3800-2943
Shareholder:
TouGas Oilfield Solutions
GmbH
Alt-Fechenheim 34
D 60386 Frankfurt
Legal form: Private limited
company
Company Status: active
Share capital: EUR 49,522.00
Share: EUR 25,001.00
Reg. data: 03.04.2013
Local court 60313 Frankfurt
HRB 96209
Shareholder:
AllessaSyntec
Verwaltungs-GmbH
Industriepark Höchst
D 65926 Frankfurt
Legal form: Private limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 01.08.2003
Local court
60313 Frankfurt
HRB 57278
Payment
experience: within periods customary in
this trade
Negative information:We have no negative
information at hand.
BALANCE SHEET YEAR: 2011/2012
Type of ownership: Tenant
Address Alt-Fechenheim
34
D 60386 Frankfurt
Land register documents were not available.
Principal bank
COMMERZBANK, 60005 FRANKFURT AM MAIN
Sort. code: 50040000, Account no.: 5850524
BIC: COBADEFFXXX
Further bank
DEUTSCHE BANK FILIALE, 60254 FRANKFURT AM MAIN
Sort. code: 50070010, Account no.: 091962100
BIC: DEUTDEFFXXX
Turnover: 2011/2012 EUR 123,970,563.00
Profit: 2011/2012 EUR 1,057,157.00
Equipment: EUR 1,381,701.00
Ac/ts receivable: EUR
11,358,774.00
Liabilities: EUR 22,334,404.00
Employees:
890
- Trainees:
65
Balance sheet ratios 01.07.2011 - 30.06.2012
Equity ratio [%]: 19.49
Liquidity ratio: 0.59
Return on total capital [%]: 2.12
Balance sheet ratios 01.07.2010 - 30.06.2011
Equity ratio [%]: 16.49
Liquidity ratio: 0.91
Return on total capital [%]: 2.99
Balance sheet ratios 01.07.2009 - 30.06.2010
Equity ratio [%]: 12.94
Liquidity ratio: 0.95
Return on total capital [%]: 4.02
Balance sheet ratios 01.07.2008 - 30.06.2009
Equity ratio [%]: 7.66
Liquidity ratio: 0.78
Return on total capital [%]: -17.49
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.
Balance sheet grade
The balance sheet grade is based on the
following ratios: equity
ratio, liquidity ratio and return on total
capital from the
balance sheets published in the Federal
Gazette. It is calculated
in accordance with the methodology of Euler
Hermes. It ranges
from 1.0 (positive) to 5.0 (negative).
TYPE OF BALANCE
SHEET: COMPANY BALANCE
SHEET
FINANCIAL YEAR: 01.07.2011
- 30.06.2012
ASSETS EUR 70,915,418.39
Fixed assets EUR 31,197,292.88
Intangible assets EUR
402,303.00
Concessions, licences, rights
EUR
402,303.00
Tangible assets EUR
30,794,989.88
Land / similar rights EUR
1,894,990.00
Plant / machinery EUR
24,686,264.00
Other tangible assets / fixtures and
fittings EUR
1,381,701.00
Advance payments made / construction
in progress EUR 2,832,034.88
Current assets EUR 39,242,908.48
Stocks EUR 24,831,937.03
Raw materials, consumables and
supplies EUR 9,140,224.90
Finished goods / work in progress EUR 15,691,712.13
Accounts receivable EUR
11,358,773.54
Trade debtors EUR
7,668,151.63
Other debtors and assets EUR 3,690,621.91
Liquid means EUR 3,052,197.91
Remaining other assets EUR
475,217.03
Accruals (assets) EUR
475,217.03
LIABILITIES EUR 70,915,418.39
Shareholders' equity EUR
13,260,237.47
Capital EUR 2,000,000.00
Subscribed capital (share capital) EUR 2,000,000.00
Reserves EUR 160,068.15
Capital reserves EUR
160,068.15
Balance sheet profit/loss (+/-) EUR 11,100,169.32
Profit / loss brought forward EUR 10,043,012.03
Annual surplus / annual deficit EUR 1,057,157.29
Items between shareholders' equity and
debt capital EUR
1,117,832.00
Special items with reserve funds EUR 1,117,832.00
Provisions EUR 33,861,604.55
Pension provisions and comparable
provisions EUR 22,727,622.00
Provisions for taxes EUR
1,068,410.00
Other / unspecified provisions EUR 10,065,572.55
Liabilities EUR 22,334,403.57
Financial debts
EUR
10,070,757.58
Liabilities due to banks EUR 10,070,757.58
Other liabilities EUR 12,263,645.99
Trade creditors (for IAS incl. bills
of exchange) EUR 8,115,862.47
Liabilities from received advance
payments EUR 203,149.00
Unspecified other liabilities
EUR
3,944,634.52
thereof liabilities from tax /
financial authorities
EUR 1,231,975.40
Other liabilities EUR 341,340.80
Deferrals (liabilities) EUR
341,340.80
PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Sales EUR 123,970,562.66
Inventory change + own costs (+/-) EUR 415,570.75
Inventory change (+/-) EUR
-1,493,827.39
Capitalised own costs EUR
1,909,398.14
Other operating income
EUR
29,610,314.07
Cost of materials EUR
56,717,476.21
Raw materials and supplies, purchased
goods EUR 41,851,526.57
Purchased services EUR
14,865,949.64
Gross result (+/-) EUR
97,278,971.27
Staff expenses EUR 49,566,234.80
Wages and salaries EUR
39,747,898.98
Social security contributions and
expenses for pension plans and
benefits EUR 9,818,335.82
Total depreciation EUR
5,906,016.57
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 5,906,016.57
Other operating expenses EUR 37,561,046.62
Operating result from continuing
operations EUR 4,245,673.28
Interest result (+/-) EUR -2,300,034.49
Interest and similar income EUR 15,224.31
Interest and similar expenses EUR
2,315,258.80
Financial result (+/-) EUR -2,300,034.49
Result from ordinary operations (+/-) EUR 1,945,638.79
Extraordinary expenses EUR
447,239.00
Extraordinary result (+/-) EUR -447,239.00
Income tax / refund of income tax (+/-) EUR -64,363.91
Other taxes / refund of taxes
EUR
-376,878.59
Tax (+/-) EUR -441,242.50
Annual surplus / annual deficit EUR 1,057,157.29
Type of balance
sheet: Company balance sheet
Financial year: 01.07.2010
- 30.06.2011
ASSETS EUR 79,577,708.35
Fixed assets EUR 28,880,658.62
Intangible assets EUR
412,478.58
Concessions, licences, rights EUR 412,478.58
Tangible assets EUR
28,468,180.04
Land / similar rights EUR
1,727,306.00
Plant / machinery EUR
23,953,038.00
Other tangible assets / fixtures and
fittings EUR
1,546,734.00
Advance payments made / construction
in progress EUR 1,241,102.04
Current assets EUR 50,091,429.90
Stocks EUR 25,018,556.45
Raw materials, consumables and
supplies EUR 8,320,545.48
Finished goods / work in progress EUR 16,698,010.96
Accounts receivable EUR
13,137,985.68
Trade debtors EUR
8,825,614.95
Other debtors and assets EUR 4,312,370.73
Liquid means EUR 11,934,887.77
Remaining other assets
EUR
605,619.83
Accruals (assets) EUR 605,619.83
LIABILITIES EUR 79,577,708.35
Shareholders' equity EUR
12,203,080.18
Capital EUR 2,000,000.00
Subscribed capital (share capital) EUR 2,000,000.00
Reserves EUR 160,068.15
Capital reserves EUR
160,068.15
Balance sheet profit/loss (+/-) EUR 10,043,012.03
Profit / loss brought forward
EUR 8,117,279.92
Annual surplus / annual deficit EUR 1,925,732.11
Items between shareholders' equity and
debt capital EUR 2,185,241.96
Special items with reserve funds EUR 2,185,241.96
Provisions EUR 38,303,132.48
Pension provisions and comparable
provisions EUR 20,961,825.00
Provisions for taxes EUR
1,005,607.00
Other / unspecified provisions EUR
16,335,700.48
Liabilities EUR 26,327,317.93
Financial debts EUR 2,000,000.00
Liabilities due to banks EUR 2,000,000.00
Other liabilities EUR 24,327,317.93
Trade creditors (for IAS incl. bills
of exchange) EUR 6,946,047.07
Liabilities from received advance
payments
EUR
5,610,331.00
Unspecified other liabilities EUR 11,770,939.86
thereof liabilities from tax /
financial authorities
EUR 1,556,593.97
thereof liabilities from social
security
EUR 0.00
Other liabilities EUR 558,935.80
Deferrals (liabilities) EUR
558,935.80
Guarantees and other commitments EUR 162,000.00
Liability from creation of a security
interest for third parties EUR 162,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Sales EUR 120,338,008.45
Inventory change + own costs (+/-) EUR 4,172,647.30
Inventory change (+/-) EUR
2,862,675.80
Capitalised own costs EUR
1,309,971.50
Other operating income EUR
24,279,625.56
Cost of materials EUR
49,066,837.03
Raw materials and supplies, purchased
goods EUR 36,746,734.66
Purchased services EUR
12,320,102.37
Gross result (+/-) EUR
99,723,444.28
Staff expenses EUR 50,046,052.79
Wages and salaries EUR
40,404,716.41
Social security contributions and
expenses for pension plans and
benefits EUR 9,641,336.38
Total depreciation EUR
6,158,023.35
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR
6,158,023.35
Other operating expenses EUR 37,551,119.08
Operating result from continuing
operations EUR 5,968,249.06
Interest result (+/-) EUR
-2,490,993.51
Interest and similar income EUR 171,608.56
Interest and similar expenses EUR 2,662,602.07
Financial result (+/-) EUR
-2,490,993.51
Result from ordinary operations (+/-) EUR 3,477,255.55
Extraordinary expenses EUR
447,239.00
Extraordinary result (+/-) EUR -447,239.00
Income tax / refund of income tax (+/-) EUR -700,403.83
Other taxes / refund of taxes EUR -403,880.61
Tax (+/-) EUR -1,104,284.44
Annual surplus / annual deficit EUR 1,925,732.11
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.12 |
|
|
1 |
Rs.103.93 |
|
Euro |
1 |
Rs.85.17 |
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.