|
Report Date : |
16.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
MIAVIT GMBH |
|
|
|
|
Registered Office : |
Robert-Bosch-Str. 3, D 49632 Essen |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
10.07.1973 |
|
|
|
|
Com. Reg. No.: |
HRB 150028 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
·
Manufacture of prepared feeds for farm animals ·
Wholesale of grain, unmanufactured tobacco, seeds
and animal feeds |
|
|
|
|
No. of Employees : |
198 |
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 |
MIAVIT GMBH
Company Status: active
Robert-Bosch-Str. 3
D 49632 Essen
Telephone:05434/82-0
Telefax:
05434/82-82
Homepage: www.miavit.de
E-mail: info@miavait.de
VAT no.: DE237412764
Tax ID number: 56/270/26207
LEGAL FORM Private limited company
Date of foundation: 10.07.1973
Shareholders'
agreement: 10.07.1973
Registered on: 24.10.1973
Commercial Register: Local
court 26135 Oldenburg
under: HRB 150028
Share capital:
EUR 500,000.00
Shareholder:
MIAVIT Stefan
Niemeyer GmbH
Robert-Bosch-Str. 3-5
D 49632 Essen
Legal form:
Private limited company
Share
capital: EUR 27,000.00
Share: EUR 495,000.00
Registered
on: 29.05.1997
Reg. data:
26135 Oldenburg, HRB 150996
Shareholder:
Silvia
Niemeyer
Albertus-Magnus-Str.
27
D 49377
Vechta
born:
12.10.1963
Share: EUR 5,000.00
Manager:
Stefan
Niemeyer
Albertus-Magnus-Str. 27
D 49377 Vechta
having sole
power of representation
born:
07.09.1960
Profession:
Businessman
Marital
status: married
Proxy:
Wilhelm Hegger
Westrum
D 49770
Herzlake
born: 1950
Profession:
Agricultural engineer
Marital
status: married
Proxy:
Silvia
Niemeyer
Albertus-Magnus-Str. 27
D 49377
Vechta
born:
12.10.1963
Proxy:
Franz Otten
D 49377
Vechta
having sole
power of representation
born: 29.11.1958
Further
functions/participations of Stefan Niemeyer (Manager)
Limited partner:
Miavit Stefan
Niemeyer Leasing GmbH & Co. KG
Robert-Bosch-Str. 3-5
D 49632 Essen
Legal form: Ltd partnership
with priv. ltd.
company as general partner
Total
cap. EUR 300,000.00
contribution:
Share: EUR 300,000.00
Registered
on: 21.12.2000
Reg.
data: 26135 Oldenburg, HRA 150664
Shareholder:
RASTA Vechta
Sport-Marketing GmbH
Albertus-Magnus-Str. 27
D 49377
Vechta
Legal form:
Private limited company
Share
capital: EUR 100,000.00
Share: EUR 100,000.00
Registered
on: 25.03.2010
Reg.
data: 26135 Oldenburg, HRB 204372
Shareholder:
MIAVIT Stefan
Niemeyer GmbH
Robert-Bosch-Str. 3-5
D 49632 Essen
Legal form:
Private limited company
Share
capital: EUR 27,000.00
Share: EUR 27,000.00
Registered
on:
29.05.1997
Reg.
data: 26135 Oldenburg, HRB 150996
Shareholder:
Rasta Dome
Vechta GmbH
Albertus-Magnus-Str. 27
D 49377
Vechta
Legal form:
Private limited company
Share
capital: EUR 25,000.00
Share: EUR 6,250.00
Registered
on: 15.07.2011
Reg.
data: 26135 Oldenburg, HRB 205843
Manager:
MIAVIT Stefan
Niemeyer GmbH
Robert-Bosch-Str. 3-5
D 49632 Essen
Legal form:
Private limited company
Share
capital: EUR 27,000.00
Registered
on: 29.05.1997
Reg.
data: 26135 Oldenburg, HRB 150996
Manager:
Rasta Dome
Vechta GmbH
Albertus-Magnus-Str.
27
D 49377
Vechta
Legal form:
Private limited company
Share
capital: EUR 25,000.00
Registered
on: 15.07.2011
Reg.
data: 26135 Oldenburg, HRB 205843
Manager:
KONIVET GmbH
Robert-Bosch-Str. 6
D 49632 Essen
Legal form:
Private limited company
Share capital: EUR 75,000.00
Registered
on: 11.08.2009
Reg.
data: 26135 Oldenburg, HRB 203602
Manager:
MIAVIT Food
GmbH
Beverner Str.
31
D 49632 Essen
Legal form:
Private limited company
Share
capital: EUR 50,000.00
Registered
on: 14.01.2010
Reg. data: 26135 Oldenburg, HRB 204113
Manager:
RASTA Vechta
Sport-Marketing GmbH
Albertus-Magnus-Str. 27
D 49377
Vechta
Legal form:
Private limited company
Share capital: EUR 100,000.00
Registered
on: 25.03.2010
Reg.
data: 26135 Oldenburg, HRB 204372
President of the
Board of Directors:
Arbeitsgemeinschaft für Wirkstoffe in der
Tierernährung
e. V.
Roonstr. 5
D 53175 Bonn
Legal form:
Registered association
Registered
on:
05.10.1965
Reg.
data: 53111 Bonn, VR 3102
24.10.1973 - 18.01.2005 Dr. Hans
W. Niemeyer MIAVIT-Herstellungs
+
Vertriebsgesellschaft mbH
Beverner
Str. 31
D 49632
Essen
Private
limited company
18.01.2005 - 08.10.2008 MIAVIT
GmbH
Beverner
Str. 31
D 49632
Essen
Private
limited company
Main industrial
sector
10910 Manufacture of prepared
feeds for farm animals
4621 Wholesale of grain,
unmanufactured tobacco, seeds and animal feeds
Payment experience: within agreed terms
Negative information: We have
no negative information at hand.
Balance sheet year: 2012
Type of ownership: Tenant
Address Robert-Bosch-Str. 3
D 49632 Essen
Real Estate of: Stefan Niemeyer
Type of ownership: proprietor
Share: 100.00 %
Address Albertus-Magnus-Str. 27
D 49377 Vechta
Real Estate of: Stefan Niemeyer
Type of ownership: proprietor
Share: 100.00 %
Address Beverner Str. 29
D 49632 Essen
Land register documents were not available.
Principal bank
VOLKSBANK ESSEN-CAPPELN, ESSEN (OLDENBURG)
Sort. code: 28063526, BIC: GENODEF1ESO
Further banks
DEUTSCHE BANK, VECHTA
Sort. code: 29070059, BIC: DEUTDEHB290
VOLKSBANK ESSEN-CAPPELN, CAPPELN (OLDENBURG)
Sort. code: 28063526, BIC: GENODEF1ESO
OLDENBURGISCHE LANDESBANK AG, QUAKENBRÜCK
Sort. code: 26522319, BIC: OLBODEH2XXX
Turnover: 2012 EUR 119,880,156.00
Profit: 2012 EUR 811,805.00
Equipment:
EUR 361,841.00
Ac/ts receivable:
EUR 23,387,345.00
Liabilities:
EUR 22,379,992.00
:
198
- thereof permanent staff: 162
- Part-time employees: 6
- Trainees:
27
Balance sheet ratios 01.01.2012 -
31.12.2012
Equity ratio [%]: 32.93
Liquidity ratio:
1.00
Return on total capital [%]:
2.37
Balance sheet ratios 01.01.2011 -
31.12.2011
Equity ratio [%]: 41.48
Liquidity ratio:
1.31
Return on total capital [%]:
5.63
Balance sheet ratios 01.01.2010 -
31.12.2010
Equity ratio [%]: 40.98
Liquidity ratio:
1.20
Return on total capital [%]:
4.52
Balance sheet ratios 01.01.2009 -
31.12.2009
Equity ratio [%]: 42.83
Liquidity ratio: 1.35
Return on total capital [%]: 10.42
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 35,328,685.97
Fixed assets EUR 697,236.26
Intangible assets EUR 97,018.00
Concessions, licences, rights EUR 97,018.00
Tangible assets EUR 599,164.44
Land / similar rights EUR 53,209.00
Plant / machinery EUR 184,114.08
Other tangible assets / fixtures and
fittings EUR 361,841.36
Financial assets EUR 1,053.82
Shares in participations /
subsidiaries and the like EUR 1,053.82
Shares in investee companies EUR 1,053.82
Current assets EUR 34,370,568.16
Stocks EUR 10,943,365.29
Raw materials, consumables and
supplies EUR 10,221,526.19
Finished goods / work in progress EUR 609,101.90
Advance payments made EUR 112,737.20
Accounts receivable EUR 23,387,345.34
Trade debtors EUR 10,124,814.73
Amounts due from related companies EUR
12,083,596.58
Other debtors and assets EUR 1,178,934.03
Liquid means EUR 39,857.53
Remaining other assets EUR 260,881.55
Accruals (assets) EUR 8,136.55
Active difference from asset
offsetting EUR 252,745.00
LIABILITIES EUR
35,328,685.97
Shareholders' equity EUR 12,363,014.05
Capital EUR 500,000.00
Subscribed capital (share capital) EUR 500,000.00
Reserves EUR 7,104,000.00
Retained earnings / revenue reserves
EUR 7,104,000.00
Balance sheet profit/loss (+/-) EUR 4,759,014.05
Profit / loss brought forward EUR 3,947,208.96
Annual surplus / annual deficit EUR 811,805.09
Provisions EUR 584,980.00
Other / unspecified provisions EUR 584,980.00
Liabilities EUR 22,379,991.92
Financial debts EUR 13,299,748.94
Liabilities due to banks EUR 13,299,748.94
Other liabilities EUR 9,080,242.98
Trade creditors (for IAS incl. bills
of exchange) EUR 7,814,181.10
Liabilities from received advance
payments EUR 19,771.32
Unspecified other liabilities EUR 1,246,290.56
Other liabilities EUR 700.00
Deferred taxes (not included under
provisions/liabilities) EUR 700.00
Guarantees and other commitments EUR 2,700,000.00
Guarantees / warranties EUR 2,700,000.00
Guarantees EUR 2,700,000.00
PROFIT AND LOSS
ACCOUNT (cost-summary method) according to Comm. Code (HGB)
Sales EUR 119,880,155.98
Inventory change + own costs (+/-) EUR -161,294.63
Inventory change (+/-) EUR -161,294.63
Other operating income EUR 373,826.48
Cost of materials EUR 98,605,779.72
Raw materials and supplies, purchased
goods EUR 97,831,119.29
Purchased services EUR 774,660.43
Gross result (+/-) EUR 21,486,908.11
Staff expenses EUR 9,673,999.30
Wages and salaries EUR 8,189,238.49
Social security contributions and
expenses for pension plans and
benefits EUR 1,484,760.81
Total depreciation EUR 129,295.93
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 129,295.93
Other operating expenses EUR 10,473,885.79
Operating result from continuing
operations EUR 1,209,727.09
Result from participating interests
(+/-) EUR 27.97
Expenses / income from participations
EUR 27.97
Income from related companies EUR 27.97
Interest result (+/-) EUR -11,515.87
Interest and similar income EUR 472,913.07
Interest and similar expenses EUR 484,428.94
Financial result (+/-) EUR -11,487.90
Result from ordinary operations (+/-) EUR
1,198,239.19
Income tax / refund of income tax
(+/-)EUR -362,410.24
Other taxes / refund of taxes EUR -24,023.86
Tax (+/-) EUR -386,434.10
Annual surplus / annual deficit EUR 811,805.09
Type of balance
sheet: Company balance
sheet
Financial
year: 01.01.2011 - 31.12.2011
ASSETS EUR 27,844,475.17
Fixed assets EUR 641,349.01
Intangible assets EUR 13,282.00
Concessions, licences, rights EUR 13,282.00
Tangible assets EUR 627,016.12
Land / similar rights EUR 63,690.00
Plant / machinery EUR 132,999.58
Other tangible assets / fixtures and
fittings EUR 373,109.36
Leased tangible assets EUR 57,217.18
Financial assets EUR 1,050.89
Shares in participations /
subsidiaries and the like EUR 1,050.89
Shares in investee companies EUR 1,050.89
Current assets EUR 26,934,352.23
Stocks EUR 6,639,032.49
Raw materials, consumables and
supplies EUR 5,856,185.62
Finished goods / work in progress EUR 730,790.53
Advance payments made EUR 52,056.34
Accounts receivable EUR 19,502,612.51
Trade debtors EUR 8,518,271.01
Amounts due from related companies EUR
10,718,887.84
Other debtors and assets EUR 265,453.66
Liquid means EUR 792,707.23
Remaining other assets EUR 268,773.93
Accruals (assets) EUR 47,286.93
Active difference from asset
offsetting EUR 221,487.00
LIABILITIES EUR 27,844,475.17
Shareholders' equity EUR 11,551,208.96
Capital EUR 500,000.00
Subscribed capital (share capital) EUR 500,000.00
Reserves EUR 7,104,000.00
Retained earnings / revenue reserves
EUR 7,104,000.00
Balance sheet profit/loss (+/-) EUR 3,947,208.96
Profit / loss brought forward EUR 2,380,514.73
Annual surplus / annual deficit EUR 1,566,694.23
Provisions EUR 635,960.00
Provisions for taxes EUR 112,900.00
Other / unspecified provisions EUR 523,060.00
Liabilities EUR 15,654,606.21
Financial debts EUR 9,278,079.71
Liabilities due to banks EUR 9,278,079.71
Other liabilities EUR 6,376,526.50
Trade creditors (for IAS incl. bills
of exchange) EUR 4,857,556.12
Liabilities from received advance
payments EUR 74,982.00
Unspecified other liabilities EUR 1,443,988.38
Other liabilities EUR 2,700.00
PROFIT AND LOSS
ACCOUNT (cost-summary method) according to Comm. Code (HGB)
Sales EUR 105,419,899.40
Inventory change + own costs (+/-) EUR 125,225.18
Inventory change (+/-) EUR 125,225.18
Other operating income EUR 389,331.06
Cost of materials EUR 85,857,050.52
Raw
materials and supplies, purchased
goods EUR 85,153,102.36
Purchased services EUR 703,948.16
Gross result (+/-) EUR 20,077,405.12
Staff expenses EUR 8,681,827.95
Wages and salaries EUR 7,173,676.46
Social security contributions and
expenses for pension plans and
benefits EUR 1,508,151.49
Total depreciation EUR 134,026.88
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 134,026.88
Other operating expenses EUR 9,011,771.86
Operating result from continuing
operations EUR 2,249,778.43
Result from participating interests
(+/-) EUR 87.76
Expenses / income from participations EUR 87.76
Income from related companies EUR 87.76
Interest result (+/-) EUR -34,211.00
Interest and similar income EUR 406,844.49
Interest and similar expenses EUR 441,055.49
Financial result (+/-) EUR -34,123.24
Result from ordinary operations (+/-) EUR
2,215,655.19
Income tax / refund of income tax
(+/-)EUR -621,136.35
Other taxes / refund of taxes EUR -27,824.61
Tax (+/-) EUR -648,960.96
Annual surplus / annual deficit EUR 1,566,694.23
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.59 |
|
|
1 |
Rs.101.09 |
|
Euro |
1 |
Rs.83.99 |
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.