|
Report Date : |
18.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
NUTRINOVA NUTRITION SPECIALTIES & FOOD INGREDIENTS GMBH |
|
|
|
|
Registered Office : |
Am Unisys Park 1, D 65843 Sulzbach |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
09.06.2004 |
|
|
|
|
Com. Reg. No.: |
HRB 43545 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
·
Manufacture
of food products ·
Research and development
on biotechnology ·
Advertising
agencies |
|
|
|
|
No. of Employees : |
128 |
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 – 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 |
NUTRINOVA NUTRITION SPECIALTIES & FOOD
INGREDIENTS GMBH
Company Status: active
Am Unisys Park 1
D 65843 Sulzbach
Telephone:069/450090
Telefax:
069/4500950000
Homepage:
www.celanese.com
E-mail:
pr@celanese.com
VAT no.: DE812225248
Business relations are permissible.
LEGAL FORM Private
limited company
Registered on: 09.06.2004
Commercial Register: Local court 60313 Frankfurt
under: HRB
43545
Share
capital: EUR 5,112,918.81
Shareholder:
Celanese Holding GmbH
Am Unisys Park 1
D 65843 Sulzbach
Legal form: Private
limited company
Share capital: EUR
25,656,000.00
Share: EUR 5,112,918.81
Registered on: 02.08.2000
Reg. data: 61462
Königstein, HRB 5294
Control and profit
transfer agreement
Manager:
Andreas Oberkirch
D 64625 Bensheim
born: 26.06.1965
Manager:
Christoph Katz
D 49074 Osnabrück
born: 04.07.1966
Proxy:
Arno Rockmann
Jasminstr. 9
D 65207 Wiesbaden
authorized to jointly
represent the company
born: 10.08.1960
Profession: graduate
engineer
Marital status: married
Proxy:
Peter Brown
D 60311 Frankfurt
born: 10.04.1964
Proxy:
Stephanie Müller-Broich
D 63303 Dreieich
authorized to jointly represent the company
born: 10.07.1969
Proxy:
Uwe Schreiber
D 65835 Liederbach
authorized to jointly
represent the company
born: 29.04.1960
Proxy:
Dr. Bernd Hupfer
D 55116 Mainz
born: 24.02.1954
Proxy:
Dr. Robert Bewilogua
Im Prüfling 3
D 60389 Frankfurt
authorized to jointly
represent the company
born: 20.05.1974
Proxy:
Katja Conner
D 65812 Bad Soden
authorized to jointly
represent the company
born: 09.08.1968
Proxy:
Juan-Pedro Diaz
E Tarragona
authorized to jointly
represent the company
born: 07.07.1961
Nationality: Spanish
Proxy:
Hicham Maatoug
NL VL Leiden
authorized to jointly
represent the company
born: 01.10.1976
Nationality: Dutch
Proxy:
Christine Bröder
D 63065 Offenbach
authorized to jointly
represent the company
born: 12.12.1963
Proxy:
Dr. Martin Fischer
D 60311 Frankfurt
authorized to jointly
represent the company
born: 26.01.1967
Proxy:
Boris Wentzell
D 63477 Maintal
authorized to jointly
represent the company
born: 26.08.1967
Proxy:
Dorothee Harre
D 60311 Frankfurt
authorized to jointly
represent the company
born: 10.09.1969
Proxy:
Peter Kalb
D 65812 Bad Soden
authorized to jointly
represent the company
born: 04.01.1969
Proxy:
Joachim Lehner
D 65835 Liederbach
authorized to jointly
represent the company
born: 02.10.1978
Proxy:
Dr. Michael Willms
D 61137 Schöneck
authorized to jointly represent
the company
born: 10.09.1971
Proxy:
Frank Görgen
D 63450 Hanau
authorized to jointly
represent the company
born: 14.11.1968
Proxy:
Nina Orth
D 55116 Mainz
authorized to jointly
represent the company
born: 18.04.1972
Further
functions/participations of Andreas Oberkirch (Manager)
Manager:
BCP Holdings GmbH
Am Unisys Park 1
D 65843 Sulzbach
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 25.08.2004
Reg. data: 61462 Königstein, HRB 6321
Manager:
Celanese Chemicals Europe
GmbH
Am Unisys Park 1
D 65843 Sulzbach
Legal form: Private
limited company
Share capital: EUR 5,111,129.29
Registered
on: 28.08.2002
Reg. data: 61462 Königstein, HRB 5827
President of
the Supervisory Board:
Ticona GmbH
Am Unisys Park 1
D 65843 Sulzbach
Legal form: Private
limited company
Share capital: EUR
5,964,000.00
Registered
on: 01.07.1997
Reg. data: 64283 Darmstadt, HRB 83534
Proxy:
Celanese GmbH
Am Unisys Park 1
D 65843 Sulzbach
Legal form: Private
limited company
Share capital: EUR
140,069,350.00
Registered
on: 24.07.2007
Reg. data:
61462 Königstein, HRB 6967
Proxy:
Celanese Emulsions GmbH
Am Unisys Park 1
D 65843 Sulzbach
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 19.02.2003
Reg. data: 61462 Königstein, HRB 5322
30.07.1996 - 03.08.1997 BLB-Beteiligungsgesellschaft Chi mbH
Brienner Str. 20
D 80333 München
Private limited
company
04.08.1997 - 20.08.1997 DIOGENES Zehnte Vermögensverwaltungs
GmbH
Brüningstr. 38-50
D 65929 Frankfurt
Private limited
company
20.08.1997 - 23.06.2005 Nutrinova Nutrition Specialties & Food
Ingredients GmbH
Brüningstr. 38-50
D 65929 Frankfurt
Private limited
company
10.02.2010 - 30.05.2011 Nutrinova Nutrition Specialties & Food
Ingredients GmbH
Professor-Staudinger-Str.
D 65451 Kelsterbach
Private limited
company
26.08.2009 - 11.03.2014 Manager
Diana Peninger
USA Texas
Main
industrial sector
10890
Manufacture of food products n.e.c.
7211
Research and development on biotechnology
7311
Advertising agencies
Branch:
Nutrinova Nutrition
Specialties & Food
Ingredients GmbH
Frankfurter Str. 111
D 61476 Kronberg
Limited
partner:
Infraserv GmbH & Co.
Höchst KG
Industriepark Höchst
D 65926 Frankfurt
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 4,090,335.05
contribution:
Share: EUR 163,613.40
Reg. data: 16.12.1996
Local court
60313 Frankfurt
HRA 28182
Shareholder:
RIOMAVA GmbH
Am Unisys Park 1
D 65843 Sulzbach
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 09.04.2003
Local court 61462
Königstein
HRB 5992
Payment experience: within
agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2012
Type
of ownership: Tenant
Address Am Unisys Park 1
D 65843
Sulzbach
Real Estate of: Celanese Holding GmbH
Type of ownership: Tenant
Address Am Unisys Park 1
D 65843 Sulzbach
Land register documents were not available.
Principal
bank
COMMERZBANK VORMALS DRESDNER BANK, 60613
FRANKFURT AM MAIN
Sort. code: 50080000
BIC: DRESDEFFXXX
Further
banks
COMMERZBANK, 60005 FRANKFURT AM MAIN
Sort.
code: 50040000
BIC: COBADEFFXXX
DEUTSCHE BANK FILIALE, 60254 FRANKFURT AM MAIN
Sort. code: 50070010
BIC: DEUTDEFFXXX
Turnover: 2012 EUR 99,055,363.00
Profit: 2012 EUR
26,276,533.00
Equipment: EUR 905,466.00
Ac/ts receivable: EUR 40,815,687.00
Liabilities: EUR
34,942,397.00
Employees: 128
Control and profit transfer agreement to:
Celanese Holding GmbH
Am Unisys Park 1
D 65843 Sulzbach
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 69.14
Liquidity ratio: 4.74
Return on total capital [%]: 32.49
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 72.75
Liquidity ratio: 5.44
Return on total capital [%]: 20.54
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 68.26
Liquidity ratio: 4.43
Return on total capital [%]: 27.11
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 35.30
Liquidity ratio: 0.97
Return on total capital [%]: 37.38
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 80,884,737.52
Fixed assets
EUR 29,406,350.86
Intangible assets
EUR 14,222.00
Concessions, licences, rights
EUR 14,222.00
Tangible assets
EUR 12,668,746.46
Land / similar rights
EUR 1,350,892.00
Plant / machinery
EUR 9,273,738.00
Other tangible assets / fixtures and
fittings
EUR 905,466.23
Advance payments made / construction
in progress
EUR 1,138,650.23
Financial assets
EUR 16,723,382.40
Shares in participations /
subsidiaries and the like
EUR 16,718,269.50
Shares in related companies
EUR 6,779,705.00
Shares in investee companies
EUR 9,938,564.50
Other loans
EUR 5,112.90
Current assets EUR 51,096,692.31
Stocks
EUR 10,255,812.12
Raw materials, consumables and
supplies
EUR 895,271.61
Finished goods / work in progress
EUR 9,360,540.51
Accounts receivable
EUR 40,815,687.20
Trade debtors
EUR 13,899,813.58
Amounts due from related companies
EUR 26,673,493.64
Amounts due from investee companies
EUR 37,089.00
Other debtors and assets
EUR 205,290.98
Liquid means
EUR 25,192.99
Remaining other assets
EUR 381,694.35
Accruals (assets) EUR 381,694.35
LIABILITIES EUR 80,884,737.52
Shareholders' equity
EUR 29,626,658.69
Capital
EUR 5,112,918.81
Subscribed capital (share capital)
EUR 5,112,918.81
Reserves
EUR 24,513,739.88
Capital reserves
EUR 24,513,739.88
Provisions
EUR 16,315,681.72
Pension provisions and comparable
provisions
EUR 10,208,096.98
Provisions for taxes
EUR 1,032,871.79
Other / unspecified provisions
EUR 5,074,712.95
Liabilities EUR 34,942,397.11
Other liabilities
EUR 34,942,397.11
Trade creditors (for IAS incl. bills
of exchange)
EUR 4,164,326.26
Liabililties due to related companiesEUR 29,673,816.61
Liabilities due to investee companiesEUR 650,796.88
Unspecified other liabilities
EUR 453,457.36
thereof liabilities from tax /
financial authorities
EUR 409,116.68
thereof liabilities from social
security
EUR 91.21
PROFIT AND
LOSS ACCOUNT (cost-summary method) according to Comm. Code (HGB)
Sales
EUR 99,055,363.01
Inventory change + own costs (+/-)
EUR 2,098,475.02
Inventory change (+/-)
EUR 2,098,475.02
Other operating income
EUR 4,093,266.39
Cost of materials
EUR 38,363,341.72
Raw materials and supplies, purchased
goods
EUR 33,766,362.28
Purchased services
EUR 4,596,979.44
Gross result (+/-)
EUR 66,883,762.70
Staff expenses
EUR 11,900,972.83
Wages and salaries
EUR 9,267,774.20
Social security contributions and
expenses for pension plans and
benefits
EUR 2,633,198.63
Total depreciation
EUR 2,445,256.56
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 2,445,256.56
Other operating expenses
EUR 25,666,791.87
Operating result from continuing
operations
EUR 26,870,741.44
Result from participating interests
(+/-)
EUR 1,803,963.67
Expenses / income from participations
EUR 1,803,963.67
Income from related companies
EUR 1,803,963.67
Interest result (+/-)
EUR -694,583.33
Interest and similar income
EUR 113,841.34
thereof from related companies
EUR 97,591.45
Interest and similar expenses
EUR 808,424.67
thereof paid to related companies
EUR 253,168.05
Other financial result
EUR -1,200,000.00
Depreciation on financial assets and
marketable securities
EUR 1,200,000.00
Financial result (+/-)
EUR -90,619.66
Result from ordinary operations (+/-)
EUR 26,780,121.78
Expenses for transfer of profits to a
parent company
EUR 26,276,532.82
Income tax / refund of income tax (+/-)EUR -502,990.54
Other taxes / refund of taxes
EUR -598.42
Tax (+/-)
EUR -503,588.96
Annual surplus / annual deficit
EUR 0.00
Type of
balance sheet: Company balance sheet
Financial
year: 01.01.2011 - 31.12.2011
ASSETS EUR 94,062,261.16
Fixed assets
EUR 30,581,829.75
Tangible assets
EUR 12,648,221.51
Land / similar rights
EUR 1,314,336.00
Plant
/ machinery EUR 9,416,746.00
Other tangible assets / fixtures and
fittings
EUR 271,603.00
Advance payments made / construction
in progress
EUR 1,645,536.51
Financial assets
EUR 17,933,608.24
Shares in participations /
subsidiaries and the like
EUR 17,918,269.50
Shares in related companies
EUR 7,979,705.00
Shares in investee companies EUR 9,938,564.50
Other loans
EUR 15,338.74
Current assets
EUR 63,369,806.94
Stocks
EUR 7,864,027.17
Raw materials, consumables and
supplies
EUR 601,961.68
Finished goods / work in progress
EUR 7,262,065.49
Accounts receivable
EUR 55,505,779.77
Trade debtors
EUR 12,470,029.46
Amounts due from related companies
EUR 42,965,094.97
Other debtors and assets
EUR 70,655.34
Remaining other assets
EUR 110,624.47
Accruals (assets)
EUR 110,624.47
LIABILITIES EUR 94,062,261.16
Shareholders' equity
EUR 29,626,658.69
Capital
EUR 5,112,918.81
Subscribed capital (share capital)
EUR 5,112,918.81
Reserves
EUR 24,513,739.88
Capital reserves
EUR 24,513,739.88
Provisions
EUR 15,431,282.31
Pension provisions and comparable
provisions
EUR 9,172,804.00
Provisions for taxes
EUR 529,881.25
Other / unspecified provisions
EUR 5,728,597.06
Liabilities
EUR 49,004,320.16
Other liabilities
EUR 49,004,320.16
Trade creditors (for IAS incl. bills
of exchange)
EUR 5,981,881.26
Liabililties
due to related companiesEUR
42,345,431.77
Liabilities due to investee companiesEUR 78,570.20
Unspecified other liabilities
EUR 598,436.93
thereof liabilities from tax /
financial authorities
EUR 544,083.02
thereof liabilities from social
security
EUR 1,489.88
PROFIT AND
LOSS ACCOUNT (cost-summary method) according to Comm. Code (HGB)
Sales EUR 92,231,054.65
Inventory change + own costs (+/-)
EUR 1,306,180.86
Inventory change (+/-)
EUR 1,306,180.86
Other operating income
EUR 25,083,966.08
Cost of materials
EUR 39,355,649.14
Raw materials and supplies, purchased
goods
EUR 34,784,064.38
Purchased services
EUR 4,571,584.76
Gross result (+/-) EUR 79,265,552.45
Staff expenses
EUR 11,073,385.17
Wages and salaries
EUR 8,733,267.34
Social security contributions and
expenses for pension plans and
benefits EUR 2,340,117.83
Total depreciation
EUR 2,499,555.94
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 2,499,555.94
Other operating expenses
EUR 47,473,501.51
Operating result from continuing
operations
EUR 18,219,109.83
Result from participating interests
(+/-)
EUR 1,461,962.43
Expenses / income from participations EUR 1,461,962.43
Income from related companies
EUR 1,461,962.43
Interest result (+/-)
EUR -350,645.73
Interest and similar income
EUR 371,684.72
thereof from related companies
EUR 361,461.31
Interest and similar expenses
EUR 722,330.45
thereof paid to related companies
EUR 163,335.91
Financial result (+/-)
EUR 1,111,316.70
Result from ordinary operations (+/-)
EUR 19,330,426.53
Expenses for transfer of profits to a
parent company
EUR 19,324,865.27
Income tax / refund of income tax (+/-)EUR 12,472.44
Other taxes / refund of taxes
EUR -18,033.70
Tax (+/-)
EUR -5,561.26
Annual surplus / annual deficit
EUR 0.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.37 |
|
|
1 |
Rs.102.48 |
|
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.