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Report Date : |
12.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
ALCOBRA GMBH |
|
|
|
|
Registered Office : |
Paul-Feller-Str. 19, D 28199 |
|
|
|
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Country : |
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|
|
|
|
Financials (as on) : |
30.06.2013 |
|
|
|
|
Date of Incorporation : |
24.02.2011 |
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|
|
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Com. Reg. No.: |
HRB 27064 HB |
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|
|
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Legal Form : |
Private limited company |
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|
|
|
Line of Business : |
Wholesale of non-ferrous ores, metals
and metal semi-finished goods |
|
|
|
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No. of Employees : |
10 |
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 : |
Slow but correct |
|
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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, has contributed to strong growth 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 5.3% in 2013. The new German government introduced a minimum wage of $11 per hour to take effect in 2015. 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 and 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. 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 |
ALCOBRA GMBH
Company Status: active
Paul-Feller-Str. 19
D 28199 Bremen
Telephone:0421/79307500
Telefax: 0421/79307599
Homepage:
www.alcobra.de
E-mail:
info@alcobra.de
VAT no.: DE276971724
Tax ID number: 71 551 11539
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 24.02.2011
Shareholders'
agreement: 24.02.2011
Registered on: 27.04.2011
Commercial Register: Local court 28195 Bremen
under: HRB
27064 HB
Share capital: EUR 300,000.00
Shareholder:
Alumeco A/S
Naesbyvej 26
DK 5000 Odense
Legal form: Other legal
form
Share: EUR 255,000.00
Shareholder:
Ulrich Soujon
D 27726 Worpswede
born: 20.06.1970
Share: EUR 22,500.00
Shareholder:
Axel Wilfried Hans
Biedermann
D 28844 Weyhe
born: 18.05.1962
Share: EUR 22,500.00
Manager:
Ulrich Soujon
D 27726
Worpswede
authorized to jointly
represent the company
born: 20.06.1970
Manager:
Hans Albert Hermann
Schweers
DK - Odense M.
having sole power of representation
born: 24.01.1948
Nationality: danish
Manager:
Jan Berthel
DK Odense
having sole power of
representation
born: 17.10.1963
Nationality: danish
Manager:
Axel Wilfried Hans
Biedermann
D 28844 Weyhe
authorized to jointly
represent the company
born: 18.05.1962
Further
functions/participations of Hans Albert Hermann Schweers
(Manager)
Manager:
Alumeco Deutschland GmbH
Hildesheimer Str. 140
D 30173 Hannover
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 07.10.2013
Reg. data: 30175 Hannover, HRB 210323
Manager:
Alumeco Händlerservice
GmbH
Markt 33
D 55116 Mainz
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 19.03.2013
Reg. data: 55116 Mainz, HRB 44554
Further
functions/participations of Jan Berthel (Manager)
Manager:
Alumeco Deutschland GmbH
Hildesheimer Str.
140
D 30173 Hannover
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 07.10.2013
Reg. data: 30175 Hannover, HRB 210323
Manager:
Alumeco Service GmbH
Haide Feld 1 OT Klieken
D 06869 Coswig
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 13.10.2011
Reg. data: 39576 Stendal, HRB 17266
Main industrial sector
46722
Wholesale of non-ferrous ores, metals and metal semi-finished goods
4690 Non-specialized wholesale trade
Payment experience: within
agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2012/2013
Type of ownership: Tenant
Address Paul-Feller-Str.
19
D 28199 Bremen
Land register documents were not available.
SPARKASSE
BREMEN, 28078 BREMEN
Sort. code: 29050101
BIC: SBREDE22XXX
Turnover: 2012/2013 *EUR 2,725,000.00
Profit: 2012/2013 EUR 20,288.00
Equipment: *EUR 65,000.00
Ac/ts receivable: EUR 3,328,231.00
Liabilities: EUR 3,315,676.00
Employees:
10
The
business figures marked with an asterisk are estimates based
on average values in the line of business.
Balance sheet ratios 01.07.2012 - 30.06.2013
Equity ratio [%]: 66.71
Liquidity ratio: 3.16
Return on total capital [%]: 0.58
Balance sheet ratios 01.07.2011 - 30.06.2012
Equity ratio [%]: 53.87
Liquidity ratio: 2.25
Return on total capital [%]: -6.09
Balance sheet ratios 27.04.2011 - 30.06.2011
Equity ratio [%]: 95.55
Liquidity ratio: 10.00
Return on total capital [%]: -4.31
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: 01.07.2012 - 30.06.2013
ASSETS EUR 3,570,789.99
Fixed assets EUR 15,036.60
Tangible assets
EUR 15,036.60
Other / unspecified tangible assets
EUR 15,036.60
Current assets
EUR 3,503,017.87
Stocks EUR 131,794.91
Accounts receivable
EUR 3,328,230.65
Other debtors and assets
EUR 3,328,230.65
Liquid means
EUR 42,992.31
Remaining other assets
EUR 52,735.52
Deferred taxes (assets)
EUR 52,735.52
LIABILITIES EUR 3,570,789.99
Shareholders' equity
EUR 179,357.85
Capital
EUR 300,000.00
Subscribed capital (share capital)
EUR 300,000.00
Balance sheet profit/loss (+/-)
EUR -120,642.15
Profit / loss brought forward
EUR -140,929.66
Annual surplus / annual deficit
EUR 20,287.51
Provisions
EUR 75,756.14
Liabilities
EUR 3,315,676.00
Other liabilities EUR 3,315,676.00
Unspecified other liabilities
EUR 3,315,676.00
Type of
balance sheet: Company
balance sheet
Financial
year: 01.07.2011 - 30.06.2012
ASSETS EUR 2,302,787.98
Fixed assets
EUR 17,955.60
Tangible assets
EUR 17,955.60
Other / unspecified tangible assets
EUR 17,955.60
Current assets
EUR 2,221,669.46
Stocks
EUR 34,149.46
Accounts receivable
EUR 2,183,481.21
Other debtors and assets
EUR 2,183,481.21
Liquid means EUR 4,038.79
Remaining other assets
EUR 63,162.92
Deferred taxes (assets)
EUR 63,162.92
LIABILITIES EUR 2,302,787.98
Shareholders' equity
EUR 9,070.34
Capital
EUR 150,000.00
Subscribed capital (share capital)
EUR 150,000.00
Balance sheet profit/loss (+/-)
EUR -140,929.66
Profit / loss brought forward
EUR -6,479.37
Annual surplus / annual deficit
EUR -134,450.29
Items between shareholders' equity and
debt capital
EUR 150,000.00
Mezzanine financing
EUR 150,000.00
Contributions for capital increase
EUR 150,000.00
Provisions
EUR 56,250.91
Liabilities
EUR 2,087,466.73
Other liabilities EUR 2,087,466.73
Unspecified other liabilities
EUR 2,087,466.73
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.19 |
|
|
1 |
Rs.103.15 |
|
Euro |
1 |
Rs.81.87 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.