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Report Date : |
02.06.2014 |
IDENTIFICATION DETAILS
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Name : |
OPW INGREDIENTS GMBH |
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Registered Office : |
Industriering 50, D 41751 Viersen |
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Country : |
Germany |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
20.08.2012 |
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Com. Reg. No.: |
HRB 15172 |
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Legal Form : |
Private Limited
Company |
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Line of Business : |
· Subject offers a comprehensive range of renewable raw materials that meet the requirements of modern, natural end products in a variety of applications and industries · Subject product range includes natural specialties of oils and fats over proteins to whey products, which are later on in the cosmetic and pharmaceutical industries, but also in food, animal feed, and many technical applications |
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No of Employees : |
11 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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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 – 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 |
OPW Ingredients
GmbH
Industriering 50
D 41751 Viersen
Telephone: 02162/81959-0
Telefax: 02162/81959-10
Homepage: www.opw-ingredients.com
E-mail: info@opw-ingredients.com
DE285460869
active
LEGAL FORM Private
Limited Company
Date of
foundation: 20.08.2012
Shareholders'
agreement: 20.08.2012
Registered on: 27.09.2012
Commercial
Register: Local court 41061
Mönchengladbach
under: HRB
15172
Share capital: EUR 2,000,000.00
MAXHILL INDUSTRIAL LIMITED
HK - Hongkong
Legal form: Other legal form
Share: EUR 1,500,000.00
Shareholder:
J8 Holding GmbH
Borner Str. 65
D 41372 Niederkrüchten
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 500,000.00
Registered on: 15.08.2012
Reg. data: 41061 Mönchengladbach,
HRB 15120
Onno Rudolf Jongkind
Borner Str. 65
D 41372 Niederkrüchten
having sole power of representation
born: 23.10.1969
Thorben Henning
D 40210 Düsseldorf
authorized to jointly represent the company
born: 06.10.1979
Proxy:
Oliver Matthias Hüsen
D 41564 Kaarst
authorized to jointly
represent the company
born: 24.02.1975
Proxy:
Klaus van Zoggel
D 47559 Kranenburg
authorized to jointly
represent the company
born: 21.05.1978
Further functions/participations of Onno
Rudolf Jongkind
(Manager)
Shareholder:
J8 Holding GmbH
Borner Str. 65
D 41372 Niederkrüchten
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 15.08.2012
Reg. data: 41061 Mönchengladbach, HRB 15120
Shareholder:
BIOTOR Europe GmbH
Breite Str. 31
D 40213 Düsseldorf
Legal form: Private
limited company
insolvent
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 18.09.2007
Reg. data: 40227 Düsseldorf, HRB 57150
Manager:
J8 Holding GmbH
Borner Str. 65
D 41372 Niederkrüchten
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 15.08.2012
Reg. data: 41061 Mönchengladbach, HRB 15120
20.08.2012 -
29.01.2013 OPW Ingredients GmbH
Borner
Str. 65
D 41372
Niederkrüchten
Private
limited company
· Subject offers a comprehensive range of renewable raw materials that meet the requirements of modern, natural end products in a variety of applications and industries
· Subject product range includes natural specialties of oils and fats over proteins to whey products, which are later on in the cosmetic and pharmaceutical industries, but also in food, animal feed, and many technical applications
Payment
experience: within agreed terms
Negative
information: We have no negative
information at hand.
Balance sheet
year: 2012
Type of
ownership: Tenant
Address Industriering
50
D 41751 Viersen
Land register
documents were not available.
A bank connection
is unknown.
Turnover: 2013 EUR 1,500,000.00
Ac/ts
receivable:
EUR 338,441.00
Liabilities: EUR 1,150,732.00
Total numbers of
vehicles:
2
Employees: 11
Balance sheet ratios
20.08.2012 - 31.12.2012
Equity ratio
[%]: 55.75
Liquidity
ratio: 10.00
Return on total
capital [%]: -9.29
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:
20.08.2012 - 31.12.2012
ASSETS EUR 2,926,312.08
Fixed assets EUR 139,432.00
Intangible assets EUR 53,454.00
Tangible assets EUR 85,978.00
Current assets EUR 2,784,130.08
Stocks EUR 1,052,758.32
Accounts receivable EUR 338,440.61
thereof total due from
shareholders EUR 250,000.00
Liquid means EUR 1,392,931.15
Remaining other
assets EUR 2,750.00
Accruals (assets) EUR 2,750.00
LIABILITIES EUR 2,926,312.08
Shareholders' equity EUR 1,753,823.48
Capital EUR 2,000,000.00
Subscribed capital
(share capital) EUR 2,000,000.00
Balance sheet
profit/loss (+/-) EUR -246,176.52
Annual surplus / annual
deficit EUR -246,176.52
Provisions EUR 21,756.67
Liabilities EUR 1,150,731.93
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.03 |
|
|
1 |
Rs.98.91 |
|
Euro |
1 |
Rs.80.33 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MNL |
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.