|
Report Date : |
19.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
WILD FLAVORS BERLIN GMBH & CO. KG |
|
|
|
|
Registered Office : |
Am Schlangengraben 3-5, D 13597 Berlin |
|
|
|
|
Country : |
Germany |
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|
|
|
Financials (as on) : |
31.12.2007 |
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|
|
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Date of Incorporation : |
15.01.1976 |
|
|
|
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Com. Reg. No.: |
HRA 16282 B |
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|
|
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Legal Form : |
Ltd partnership with priv. ltd.
company as general partner |
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|
|
|
Line of Business : |
·
Manufacture
of essential oils ·
Wholesale of
coffee, tea, cocoa and spices |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
Dissolved |
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Payment Behaviour : |
-- |
|
Litigation : |
-- |
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 |
WILD FLAVORS BERLIN GMBH & CO. KG
Company Status: dissolved since: 11.02.2009
Am
Schlangengraben 3-5
D 13597
Berlin
We cannot give an opinion as to the granting
of a credit in this
particular case. Business relations on credit
basis are not
permissible.
LEGAL FORM Ltd
partnership with priv. ltd. company as general partner
Date
of foundation: 15.01.1976
Registered on: 15.01.1976
Register of
companies: Local court 14057 Berlin
under: HRA 16282 B
15.01.1976 - 21.08.1997 Dr. Scholvien GmbH & Co. Essenzenfabrik
Am
Schlangengraben 3-5
D 13597 Berlin
Ltd partnership with
priv. ltd. company
as general partner
22.08.1997 - 06.06.2002 Dr. Scholvien GmbH & Co. Wild
Flavor/Ingredient
Division Berlin
Am Schlangengraben
3-5
D 13597 Berlin
Ltd partnership with
priv. ltd. company
as general partner
Main
industrial sector
20530
Manufacture of essential oils
46370
Wholesale of coffee, tea, cocoa and spices
4638
Wholesale of other food
Payment experience: could
not be obtained
Negative
information: We have no negative
information at hand.
Balance sheet year: 2007
Type of ownership: unknown
Address Am Schlangengraben 3-5
D 13597 Berlin
Land register documents were not available.
No bank connection is maintained.
No full-time employees are employed.
Balance sheet ratios 01.01.2007 - 31.12.2007
Equity ratio [%]: 4.72
Liquidity ratio: 0.20
Return on total capital [%]: 17.93
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: 01.01.2007 - 31.12.2007
ASSETS EUR 36,468,546.85
Fixed assets
EUR 14,967,256.05
Intangible assets
EUR 139,300.00
Concessions, licences, rights
EUR 139,300.00
Tangible assets
EUR 14,827,956.05
Land / similar rights
EUR 8,335,208.00
Plant / machinery
EUR 3,700,170.00
Other tangible assets / fixtures and
fittings
EUR 2,420,532.00
Advance payments made / construction
in progress
EUR 372,046.05
Current assets
EUR 21,485,681.39
Stocks
EUR 14,517,736.00
Raw materials, consumables and
supplies
EUR 5,424,903.00
Finished goods / work in progress
EUR 9,092,833.00
Accounts receivable
EUR 6,932,214.49
Amounts due from shareholders
EUR 450,046.65
Trade debtors
EUR 3,444,354.86
Amounts due from affiliated companiesEUR 2,455,456.12
Other debtors and assets
EUR 582,356.86
Liquid means
EUR 35,730.90
Remaining other assets
EUR 15,609.41
Accruals (assets)
EUR 15,609.41
LIABILITIES EUR 36,468,546.85
Shareholders' equity
EUR 1,750,000.00
Capital
EUR 1,750,000.00
Capital of the fully liable partner
(LP, general partnership)
EUR 1,750,000.00
Fixed capital / accounts, capital
account I
EUR 1,750,000.00
Provisions
EUR 1,292,274.25
Pension provisions and comparable
provisions
EUR 37,956.00
Provisions for taxes
EUR 228,000.00
Other / unspecified provisions
EUR 1,026,318.25
Liabilities
EUR 33,426,272.60
Financial debts
EUR 7,733,574.19
Liabilities due to banks
EUR 7,733,574.19
Other liabilities
EUR 25,692,698.41
Trade creditors (for IAS incl. bills
of exchange)
EUR 2,755,946.23
Liabilities due to shareholders
EUR 400,499.11
Liabilities due to affiliated
companies / persons / organs
EUR 5,650,978.35
Unspecified other liabilities
EUR 16,885,274.72
thereof liabilities from tax /
financial authorities
EUR 144,768.44
thereof liabilities from social
security
EUR 11,137.06
Guarantees and other commitments
EUR 5,040,000.00
Other guarantees and other commitmentsEUR 5,040,000.00
PROFIT AND
LOSS ACCOUNT (cost-summary method) according to Comm. Code (HGB)
Sales
EUR 58,225,655.65
Inventory change + own costs (+/-)
EUR 1,604,751.00
Inventory change (+/-)
EUR 1,604,751.00
Other operating income
EUR 761,086.10
Cost of materials
EUR 28,438,076.17
Raw materials and supplies, purchased
goods
EUR 27,282,161.00
Purchased services
EUR 1,155,915.17
Gross result (+/-)
EUR 32,153,416.58
Staff expenses
EUR 10,545,426.33
Wages and salaries
EUR 8,883,528.60
Social security contributions and
expenses for pension plans and
benefits
EUR 1,661,897.73
Total depreciation
EUR 2,405,559.20
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 2,405,559.20
Other operating expenses
EUR 10,281,700.03
Operating result from continuing
operations
EUR 8,920,731.02
Interest result (+/-) EUR -799,055.17
Interest and similar income
EUR 271,978.98
Interest and similar expenses
EUR 1,071,034.15
Financial result (+/-)
EUR -799,055.17
Result from ordinary operations (+/-)
EUR 8,121,675.85
Income tax / refund of income tax (+/-)EUR -1,505,882.50
Other taxes / refund of taxes
EUR -157,737.68
Tax (+/-)
EUR -1,663,620.18
Annual surplus / annual deficit
EUR 6,458,055.67
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.12 |
|
|
1 |
Rs.102.00 |
|
Euro |
1 |
Rs.81.43 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
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.