|
Report Date : |
23.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
UNITED
GRAINS M. BAHLKE GMBH |
|
|
|
|
Registered Office : |
Glißmannweg
7 D 22457 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
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Date of Incorporation : |
27.10.2010 |
|
|
|
|
Legal Form : |
Private
Limited Company |
|
|
|
|
Line of Business : |
Wholesale
of fruit and vegetables |
|
|
|
|
No. of Employees |
04 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
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 – 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 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate 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 |
UNITED GRAINS M. BAHLKE GMBH
Company Status: active
Glißmannweg 7
D 22457 Hamburg
Telephone:040/357187-91
Telefax: 040/357187-68
Homepage: www.unitedgrains.de
E-mail: info@unitedgrains.de
VAT no.: DE274067098
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 27.10.2010
Shareholders'
agreement: 27.10.2010
Registered on: 09.11.2010
Commercial Register: Local court 20355 Hamburg
under: HRB
115839
Share capital: EUR 25,000.00
Shareholder:
Marco Bahlke
Krummenstücken 6a
D 22958 Kuddewörde
born: 20.08.1979
Share: EUR 25,000.00
Manager:
Marco Bahlke
Krummenstücken 6a
D 22958 Kuddewörde
having sole power of
representation
born: 20.08.1979
Proxy:
Alexander Last
D 51491 Overath
having sole power of
representation
born: 29.05.1970
09.11.2010 - 21.02.2011 United Grains M. Bahlke GmbH
Zippelhaus
5a/Nobelshof
D 20457 Hamburg
Private limited
company
21.02.2011 - 14.02.2014 United Grains M. Bahlke GmbH
Große Bleichen 21
D 20354 Hamburg
Private limited
company
Main industrial sector
4631
Wholesale of fruit and vegetables
4638 Wholesale of other food
Payment
experience: within periods customary in
this trade
Negative information:We have no negative
information at hand.
BALANCE SHEET YEAR: 2013
Type of ownership: Tenant
Address Glißmannweg
7
D 22457 Hamburg
Real Estate of: Marco Bahlke
Type of ownership: unknown
Address Krummenstücken
6a
D 22958 Kuddewörde
Land register documents were not available.
COMMERZBANK, 20454 HAMBURG
Sort. code: 20040000
BIC: COBADEHHXXX
UNICREDIT BANK - HYPOVEREINSBANK, 20454
HAMBURG
Sort. code: 20030000
BIC: HYVEDEMM300
Turnover: 2013 EUR 6,000,000.00
Profit: 2012 EUR 30,218.00
2013 EUR 52,556.00
further business figures:
Ac/ts receivable: EUR 539,093.00
Liabilities: EUR 963,425.00
Employees: 4
Balance sheet ratios
01.01.2013 - 31.12.2013
Equity ratio [%]: 9.78
Liquidity ratio: 0.58
Return on total capital
[%]: 3.94
Balance sheet grade: 3.5
Balance sheet ratios
01.01.2012 - 31.12.2012
Equity ratio [%]: 5.87
Liquidity ratio: 0.51
Return on total capital
[%]: 2.16
Balance sheet grade: 3.6
Balance sheet ratios
01.01.2011 - 31.12.2011
Equity ratio [%]: 6.11
Liquidity ratio: 0.77
Return on total capital
[%]: 3.48
Balance sheet grade: 3.5
Balance sheet ratios
27.10.2010 - 31.12.2010
Equity ratio [%]: 17.02
Liquidity ratio: 0.99
Return on total capital
[%]: 4.36
Balance sheet grade: 3.2
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: 01.01.2013
- 31.12.2013
ASSETS EUR 1,341,058.14
Fixed assets EUR 29,296.00
Tangible assets EUR 29,296.00
Current assets EUR 1,310,319.64
Stocks EUR 731,542.87
Accounts receivable EUR 539,092.80
Liquid means EUR 39,683.97
Remaining other
assets EUR 1,442.50
Accruals (assets) EUR 1,442.50
LIABILITIES EUR 1,341,058.14
Shareholders' equity EUR 136,120.97
Capital EUR 25,000.00
Subscribed capital
(share capital) EUR 25,000.00
Balance sheet profit/loss
(+/-) EUR 111,120.97
Profit / loss brought
forward EUR 58,565.46
Annual surplus / annual
deficit EUR 52,555.51
Items between
shareholders' equity and
debt capital EUR 200,000.00
Mezzanine financing EUR 200,000.00
Contributions of silent
partners EUR 200,000.00
Provisions EUR 41,512.65
Liabilities EUR 963,424.52
TYPE OF BALANCE SHEET: COMPANY BALANCE SHEET
FINANCIAL YEAR: 01.01.2012
- 31.12.2012
ASSETS EUR 1,402,903.85
Fixed assets EUR 38,620.00
Tangible assets EUR 38,620.00
Current assets EUR 1,362,484.05
Stocks EUR 733,667.67
Accounts receivable EUR 597,990.85
Liquid means EUR 30,825.53
Remaining other
assets EUR 1,799.80
Accruals (assets) EUR 1,799.80
LIABILITIES EUR 1,402,903.85
Shareholders' equity EUR 83,565.46
Capital EUR 25,000.00
Subscribed capital (share
capital) EUR 25,000.00
Balance sheet profit/loss
(+/-) EUR 58,565.46
Profit / loss brought
forward EUR 28,347.34
Annual surplus / annual
deficit EUR 30,218.12
Items between
shareholders' equity and
debt capital EUR 100,000.00
Mezzanine financing EUR 100,000.00
Contributions of silent
partners EUR 100,000.00
Provisions EUR 14,805.48
Liabilities EUR 1,204,532.91
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.24 |
|
|
1 |
Rs.102.87 |
|
Euro |
1 |
Rs.81.44 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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.