|
Report Date : |
26.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
STAR AGRO
DEUTSCHLAND GMBH |
|
|
|
|
Registered Office : |
Prof.-Reger-Str.
22, D 94339 Leiblfing |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
30.09.2012 |
|
|
|
|
Date of Incorporation : |
17.01.2007 |
|
|
|
|
Com. Reg. No.: |
HRB 11308 |
|
|
|
|
Legal Form : |
Private Limited
Company |
|
|
|
|
Line of Business : |
·
Manufacturer
of pesticides and Other
Agrochemical Products ·
Wholesaler
of Chemical Products ·
Provider
of Disinfection and Pest Control Services |
|
|
|
|
No of Employees : |
06 |
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 |
|
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 |
STAR AGRO Deutschland GmbH
Prof.-Reger-Str. 22
D 94339 Leiblfing
Telephone: 09426/852914-0
Telefax:
09426/852914-99
Homepage: www.staragro.de
E-mail:
office@staragro.de
DE257008192
162/139/00246
active
Business relations are permissible.
LEGAL FORM Private
Limited Company
Date of foundation: 17.01.2007
Shareholders'
agreement: 17.01.2007
Registered on: 16.11.2007
Commercial Register: Local court 94315 Straubing
under: HRB
11308
Share capital: EUR 25,000.00
AGRIA BeteiligungsgesellschaftmbH
Europapark 1
A 8412 Allerheiligen Wildon
Legal form: Other legal form
Share: EUR 25,000.00
Herfried Neumeister
A
Allerheiligen bei Wildon
having sole power of representation
born: 13.09.1970
Christian Löw
D 94339 Leiblfing
having sole power of representation
born: 29.07.1976
2020
Manufacturer of pesticides and other agrochemical products
46750
Wholesaler of chemical products
81292
Provider of
Disinfection and Pest Control Services
Payment experience: within agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2011/2012
Type of ownership: Tenant
Address Prof.-Reger-Str.
22
D 94339 Leiblfing
Land register documents were not
available.
Principal
bank
OBERBANK NDL DEUTSCHLAND, 80068 MÜNCHEN
Sort. code: 70120700
BIC: OBKLDEMXXXX
Further bank
SPARKASSE NIEDERBAYERN-MITTE, 94304
STRAUBING
Sort. code: 74250000
BIC: BYLADEM1SRG
Turnover: 2011/2012 EUR 21,131,392.00
Profit: 2011/2012 EUR 319,682.00
Equipment: EUR 41,288.00
Ac/ts receivable: EUR 3,421,560.00
Liabilities: EUR 2,380,101.00
Employees: 6
- thereof permanent staff: 4
- Part-time employees: 2
Balance sheet ratios 01.10.2011 - 30.09.2012
Equity ratio [%]: 58.23
Liquidity ratio: 1.48
Return on total capital [%]: 5.52
Balance sheet ratios 01.10.2010 - 30.09.2011
Equity ratio [%]: 39.26
Liquidity ratio: 1.36
Return on total capital [%]: 3.32
Balance sheet ratios 01.10.2009 - 30.09.2010
Equity ratio [%]: 26.37
Liquidity ratio: 0.96
Return on total capital [%]: 0.13
Balance sheet ratios 01.10.2008 - 30.09.2009
Equity ratio [%]: 25.65
Liquidity ratio: 0.88
Return on total capital [%]: 2.80
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: 01.10.2011 - 30.09.2012
ASSETS EUR 5,807,044.71
Fixed assets EUR 418,763.00
Intangible assets EUR 377,475.00
Concessions, licences, rights EUR 364,975.00
Goodwill EUR 12,500.00
Tangible assets EUR 41,288.00
Other tangible assets / fixtures and
fittings EUR 41,288.00
Current assets EUR 5,381,421.90
Stocks EUR 1,888,319.71
Finished goods / work in progress EUR
1,888,319.71
Accounts receivable EUR 3,421,560.27
Trade debtors EUR 1,720,185.53
Amounts due from related companies EUR
1,420,846.83
Amounts due from investee companies EUR
159,317.92
Other debtors and assets EUR 121,209.99
Liquid means EUR 71,541.92
Remaining other assets EUR 6,859.81
Accruals (assets) EUR 6,859.81
LIABILITIES EUR 5,807,044.71
Shareholders' equity EUR 3,386,648.85
Capital EUR 25,000.00
Subscribed capital (share capital) EUR 25,000.00
Reserves EUR 2,168,367.00
Capital reserves EUR 2,168,367.00
Balance sheet profit/loss (+/-) EUR 1,193,281.85
Profit / loss brought forward EUR 873,599.96
Annual surplus / annual deficit EUR 319,681.89
Provisions EUR 40,294.58
Provisions for taxes EUR 32,294.58
Other / unspecified provisions EUR 8,000.00
Liabilities EUR 2,380,101.28
Financial debts EUR 1,659,381.42
Liabilities due to banks EUR 1,659,381.42
Other liabilities EUR 720,719.86
Trade creditors (for IAS incl. bills
of exchange) EUR 295,148.64
Liabililties due to related
companiesEUR 295,407.85
Unspecified other liabilities EUR 130,163.37
thereof liabilities from tax /
financial authorities EUR 124,400.54
thereof liabilities from social
security EUR 0.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 21,131,392.41
Other operating income EUR 45,219.95
Cost of materials EUR 19,524,904.56
Raw materials and supplies, purchased
goods EUR 19,498,424.56
Purchased services EUR 26,480.00
Gross result (+/-) EUR 1,651,707.80
Staff expenses EUR 183,777.25
Wages and salaries EUR 149,600.32
Social security contributions and
expenses for pension plans and
benefits EUR 34,176.93
Total depreciation EUR 230,120.26
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 230,120.26
Other operating expenses EUR 569,380.83
Operating result from continuing
operations EUR 668,429.46
Interest result (+/-) EUR -265,736.35
Interest and similar income EUR 6,246.51
thereof from related companies EUR 6,151.57
Interest and similar expenses EUR 271,982.86
thereof paid to related companies EUR 17,066.80
Financial result (+/-) EUR -265,736.35
Result from ordinary operations (+/-) EUR
402,693.11
Income tax / refund of income tax
(+/-)EUR -82,957.72
Other taxes / refund of taxes EUR -53.50
Tax (+/-) EUR -83,011.22
Annual surplus / annual deficit EUR 319,681.89
Type of balance
sheet: Company balance sheet
Financial year: 01.10.2010 - 30.09.2011
ASSETS EUR 6,218,238.47
Fixed assets EUR 420,909.00
Intangible assets EUR 379,315.00
Concessions, licences, rights EUR 336,815.00
Goodwill EUR 42,500.00
Tangible assets EUR 41,594.00
Other tangible assets / fixtures and
fittings EUR 41,594.00
Current assets EUR 5,795,227.17
Stocks EUR 822,503.83
Finished goods / work in progress EUR 822,503.83
Accounts receivable EUR 4,938,749.79
Trade debtors EUR 1,693,968.80
Amounts due from related companies EUR
2,851,446.74
Other debtors and assets EUR 393,334.25
Liquid means EUR 33,973.55
Remaining other assets EUR 2,102.30
Accruals (assets) EUR 2,102.30
LIABILITIES EUR 6,218,238.47
Shareholders' equity EUR 2,466,966.96
Capital EUR 25,000.00
Subscribed capital (share capital) EUR 25,000.00
Reserves EUR 1,568,367.00
Capital reserves EUR 1,568,367.00
Balance sheet profit/loss (+/-) EUR 873,599.96
Profit / loss brought forward EUR 668,422.70
Annual surplus / annual deficit EUR 205,177.26
Provisions EUR 82,481.51
Provisions for taxes EUR 74,481.51
Other / unspecified provisions EUR 8,000.00
Liabilities EUR 3,668,790.00
Financial debts EUR 1,455,936.70
Liabilities due to banks EUR 1,455,936.70
Other liabilities EUR 2,212,853.30
Trade creditors (for IAS incl. bills
of exchange) EUR 559,957.23
Liabililties due to related
companiesEUR 1,411,191.86
Unspecified other liabilities EUR 241,704.21
thereof liabilities from tax /
financial authorities EUR 196,422.11
thereof liabilities from social
security EUR 29,747.00
PROFIT AND LOSS ACCOUNT (cost-summary method) according
to Comm.
Code (HGB)
Sales EUR 20,423,794.13
Other operating income EUR 14,915.74
Cost of materials EUR 18,948,461.03
Raw materials and supplies, purchased
goods EUR 18,899,303.53
Purchased services EUR 49,157.50
Gross result (+/-) EUR 1,490,248.84
Staff expenses EUR 229,650.77
Wages and salaries EUR 184,942.63
Social security contributions and
expenses for pension plans and
benefits EUR 44,708.14
Total depreciation EUR 186,693.83
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 186,693.83
Other operating expenses EUR 579,168.91
Operating result from continuing
operations EUR 494,735.33
Interest result (+/-) EUR -205,755.18
Interest and similar income EUR 1,414.63
thereof from related companies EUR 982.44
Interest and similar expenses EUR 207,169.81
Financial result (+/-) EUR -205,755.18
Result from ordinary operations (+/-) EUR
288,980.15
Income tax / refund of income tax
(+/-)EUR -83,802.89
Tax (+/-) EUR -83,802.89
Annual surplus / annual deficit
EUR 205,177.26
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.28 |
|
UK Pound |
1 |
Rs.102.28 |
|
Euro |
1 |
Rs.82.05 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.