.
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Report Date : |
28.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
LIST & BEISLER GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG |
|
|
|
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Registered Office : |
Pickhuben 6, D 20457 |
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Country : |
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|
|
|
Financials (as on) : |
31.12.2012 |
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|
|
Date of Incorporation : |
29.11.1979 |
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|
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesaler of coffee, tea, cocoa and spices |
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|
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No of Employees : |
12 |
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 |
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|
|
|
Payment Behaviour : |
Slow But Correct |
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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 |
|
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 |
List & Beisler Gesellschaft mit
beschränkter Haftung
Pickhuben 6
D 20457 Hamburg
Telephone:040/371344
Telefax:
040/363765
Homepage: www.list-beisler.de
E-mail:
info@list-beisler.de
Active
DE118598818
Private limited company
1978
29.11.1979
Local court 20355 Hamburg
HRB 24480
EUR 1,000,000.00
Stefan Sprengel
Alsterkrugchaussee 240 b
D 22297 Hamburg
Born: 20.04.1960
Share: EUR 400,000.00
Kaffee-Import-Compagnie GmbH
Pickhuben 5
D 20457 Hamburg
Legal form: Private limited company
Share capital: EUR 103,000.00
Share: EUR 300,000.00
Registered on: 05.05.1983
Reg. data: 20355 Hamburg, HRB 30870
Robert Heuveldop
Schinkelstr. 23
D 22303 Hamburg
Born: 11.08.1970
Share: EUR 300,000.00
Stefan Sprengel
Alsterkrugchaussee 240 b
D 22297 Hamburg
Having sole power of representation
Born: 20.04.1960
Robert Heuveldop
Schinkelstr. 23
D 22303 Hamburg
Having sole power of representation
Born: 11.08.1970
Jan Walter
Teichweg 5
D 21435 Stelle
Having sole power of representation
Born: 25.08.1969
Marital status: married
Shareholder
Kaffee-Import-Compagnie GmbH
Pickhuben 5
D 20457 Hamburg
Legal form: Private limited company
Share capital: EUR 103,000.00
Share: EUR 20,600.00
Registered
on: 05.05.1983
Reg. data:
20355 Hamburg, HRB 30870
Manager
Kaffee-Import-Compagnie GmbH
Pickhuben 5
D 20457 Hamburg
Legal form: Private limited company
Share capital: EUR
103,000.00
Registered on: 05.05.1983
Reg. data:
20355 Hamburg, HRB 30870
24.03.2000 - 01.03.2007
List & Beisler Gesellschaft mit
beschränkter Haftung
Am Sandtorkai 4
D 20457 Hamburg
Private limited company
RESIGNED ACTING PERSONS AND SHAREHOLDERS
27.01.2006 - 04.03.2013
Manager
Rainer Clasen
D 21129 Hamburg
Main industrial sector
46370 Wholesale of coffee, tea, cocoa and spices
Average risk of default: 3.0 %
Payment experience: within
periods customary in this trade
Negative information: We have no negative information at hand.
Balance sheet year: 2012
Type of ownership Address:
Tenant
Pickhuben 6
D 20457 Hamburg
Land register documents were not available.
BANKHAUS LAMPE, HAMBURG
Sort. code: 48020151, BIC: LAMPDEDDXXX
SPARKASSE HOLSTEIN, HAMBURG
Sort. code: 21352240, BIC: NOLADE21HOL
COMMERZBANK, HAMBURG
Sort. code: 20040000, BIC: COBADEHHXXX
Gross profit or loss:2012 EUR 2,323,505.00
2013 EUR 2,325,000.00
Profit:
2012 EUR 356,762.00
further business figures:
Equipment:
EUR 19,657.00
Ac/ts receivable: EUR 1,204,967.00
Liabilities: EUR 5,377,893.00
12
|
Balance sheet ratios
01.01.2012 - 31.12.2012 |
|
Equity ratio [%]: 21.58 |
|
Liquidity ratio: 0.26 |
|
Return on total capital
[%]: 5.23 |
|
|
|
Balance sheet ratios
01.01.2011 - 31.12.2011 |
|
Equity ratio [%]: 15.38 |
|
Liquidity ratio: 0.37 |
|
Return on total capital
[%]: -5.65 |
|
|
|
Balance sheet ratios
01.01.2010 - 31.12.2010 |
|
Equity ratio [%]: 18.12 |
|
Liquidity ratio: 0.65 |
|
Return on total capital
[%]: -0.07 |
|
|
|
Balance sheet ratios
01.01.2009 - 31.12.2009 |
|
Equity ratio [%]: 29.96 |
|
Liquidity ratio: 0.65 |
|
Return on total capital
[%]: 2.18 |
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
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
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.
Company balance
sheet
Financial
year: 01.01.2012 - 31.12.2012
ASSETS EUR 6,917,236.77
Fixed assets EUR 25,478.00
Intangible assets EUR 5,821.00
Concessions, licences, rights EUR 5,821.00
Tangible assets EUR 19,657.00
Other tangible assets / fixtures and
fittings EUR 19,657.00
Current assets EUR 6,827,824.65
Stocks EUR 5,068,645.96
Accounts receivable EUR 1,204,966.61
Other debtors and assets EUR 1,204,966.61
Liquid means EUR 554,212.08
Remaining other assets EUR 63,934.12
Accruals (assets) EUR 61,275.12
Deferred taxes (assets) EUR 2,659.00
LIABILITIES EUR 6,917,236.77
Shareholders' equity EUR 1,281,247.92
Capital EUR 1,000,000.00
Subscribed capital (share capital) EUR
1,000,000.00
Balance sheet profit/loss (+/-) EUR 281,247.92
Profit / loss brought forward EUR -75,513.78
Annual surplus / annual deficit EUR 356,761.70
Provisions EUR 258,096.00
Liabilities EUR 5,377,892.85
Financial debts EUR 3,666,843.31
Liabilities due to banks EUR 3,666,843.31
Other liabilities EUR 1,711,049.54
Liabilities due to shareholders EUR 213,670.31
Unspecified other liabilities EUR 1,497,379.23
thereof liabilities from tax /
financial authorities EUR 20,752.78
PROFIT AND LOSS
ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Gross result (+/-) EUR 2,323,505.47
Staff expenses EUR 961,454.34
Wages and salaries EUR 853,128.22
Social security contributions and
expenses for pension plans and
benefits EUR 108,326.12
Total depreciation EUR 22,633.54
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 22,633.54
Other operating expenses EUR 528,230.03
Operating result from continuing
operations EUR 811,187.56
Interest result (+/-) EUR -307,771.32
Interest and similar income EUR 22,091.35
Interest and similar expenses EUR 329,862.67
Financial result (+/-) EUR -307,771.32
Result from ordinary operations (+/-) EUR
503,416.24
Extraordinary expenses EUR 4,942.00
Extraordinary result (+/-) EUR -4,942.00
Income tax / refund of income tax
(+/-)EUR -140,557.54
Other taxes / refund of taxes EUR -1,155.00
Tax (+/-) EUR -141,712.54
Annual surplus / annual deficit EUR 356,761.70
Type of balance
sheet: Company balance sheet
Financial
year: 01.01.2011 - 31.12.2011
ASSETS EUR 7,610,768.87
Fixed assets EUR 22,531.00
Intangible assets EUR 2,832.00
Other / unspecified intangible
assetsEUR 2,832.00
Tangible assets EUR 19,699.00
Other tangible assets / fixtures and
fittings EUR 19,699.00
Current assets EUR 7,431,462.18
Stocks EUR 4,607,281.00
Other / unspecified stocks EUR 4,607,281.00
Accounts receivable EUR 1,755,570.94
Other debtors and assets EUR 1,755,570.94
Liquid means EUR 1,068,610.24
Remaining other assets EUR 156,775.69
Accruals (assets) EUR 33,392.69
Deferred taxes (assets) EUR 123,383.00
LIABILITIES EUR 7,610,768.87
Shareholders' equity EUR 924,486.22
Capital EUR 1,000,000.00
Subscribed capital (share capital) EUR
1,000,000.00
Balance sheet profit/loss (+/-) EUR -75,513.78
Profit / loss brought forward EUR 352,228.31
Annual surplus / annual deficit EUR -427,742.09
Provisions EUR 613,638.26
Other / unspecified provisions EUR 613,638.26
Liabilities EUR 6,072,644.39
Financial debts EUR 3,950,334.83
Liabilities due to banks EUR 3,950,334.83
Other liabilities EUR 2,122,309.56
Unspecified other liabilities EUR 2,122,309.56
PROFIT AND LOSS
ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Gross result (+/-) EUR 1,680,807.87
Staff expenses EUR 985,543.61
Wages and salaries EUR 878,971.64
Social security contributions and
expenses for pension plans and
benefits
EUR 106,571.97
Total depreciation EUR 24,555.30
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 24,555.30
Other operating expenses EUR 753,181.99
Operating result from continuing
operations EUR -82,473.03
Interest result (+/-) EUR -461,763.85
Interest and similar income EUR 8,609.40
Interest and similar expenses EUR 470,373.25
Financial result (+/-) EUR -461,763.85
Result from ordinary operations (+/-) EUR
-544,236.88
Extraordinary expenses EUR 4,942.00
Extraordinary result (+/-) EUR -4,942.00
Income tax / refund of income tax
(+/-)EUR 123,085.21
Other taxes / refund of taxes EUR -1,648.42
Tax (+/-) EUR 121,436.79
Annual surplus / annual deficit EUR -427,742.09
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 62.71 |
|
|
1 |
Rs. 103.50 |
|
Euro |
1 |
Rs. 85.82 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
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.