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Report Date : |
07.03.2014 |
IDENTIFICATION DETAILS
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Name : |
TRIBODYN AG |
|
|
|
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Registered Office : |
Breite Str. 54, D 37154 Northeim |
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|
|
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Country : |
Germany |
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Date of Incorporation : |
17.12.2013 |
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|
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Com. Reg. No.: |
HRB 204240 |
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|
|
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Legal Form : |
Public Limited Company |
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Line of Business : |
·
Manufacture of
prepared feeds for farm animals ·
Manufacture
of fertilizers and nitrogen compounds ·
Wholesale of
grain, unmanufactured tobacco, seeds and animal feeds ·
Wholesale of
food |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
-- |
NB |
New Business |
-- |
|
Status : |
New Company |
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Payment Behaviour : |
Unknown |
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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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
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 |
TRIBODYN AG
Company Status: active
Breite Str. 54
D 37154 Northeim
Telephone:05551/9089070
Telefax:
05551/9089079
E-mail: bernd.riedel@tribodyn.ag
Business relations are permissible.
LEGAL FORM Public
limited company
Date of foundation: 17.12.2013
Registered on: 30.01.2014
Commercial Register: Local court 37073 Göttingen
under: HRB
204240
Share capital: EUR 100,000.00
Member of
the Board of Directors:
Bernhard Willy Riedel
Breite Str. 54
D 37154 Northeim
having sole power of
representation
born: 07.04.1952
President of
the Supervisory Board:
Julia Buschbell
Am Alten Weiher 18
D 41460 Neuss
born: 29.08.1973
Vice-president of the Supervisory Board:
Peter E. Krull
Oswinsteig 34
D 13467 Berlin
born: 26.12.1956
Profession: Businessman
Marital status: married
Member of the Supervisory Board:
Verena Riedel
Breite Str. 54
D 37154 Northeim
Marital status:
unknown
Further
functions/participations of Bernhard Willy Riedel (Member of the Board of
Directors)
Shareholder:
Zeovita GmbH
Breite Str. 54
D 37154 Northeim
Legal form: Private
limited company in
liquidation
Share capital: EUR 30,000.00
Share: EUR 12,750.00
Registered
on: 19.07.2012
Reg. data: 37073 Göttingen, HRB 201869
Member of
the Board of Directors:
mondia Ag Electronic
Business Solutions
Charlottenstr. 16
D 10117 Berlin
Legal form: Public
limited company dissolved
by official
decree
Share capital: EUR 6,444,000.00
Registered
on: 05.10.1998
Reg. data: 14057 Berlin, HRB 68385 B
Liquidator:
Zeovita GmbH
Breite Str. 54
D 37154 Northeim
Legal form: Private
limited company in
liquidation
Share capital: EUR 30,000.00
Registered
on: 19.07.2012
Reg. data: 37073 Göttingen, HRB 201869
Main
industrial sector
10910
Manufacture of prepared feeds for farm animals
2015
Manufacture of fertilizers and nitrogen compounds
46210
Wholesale of grain, unmanufactured tobacco, seeds and animal feeds
46389
Wholesale of food n.e.c.
Payment experience: no
payment experience due to recent establishment
Negative information: We have no negative information at hand.
Type
of ownership: Tenant
Address Breite
Str. 54
D 37154 Northeim
Land register documents were not available.
A bank connection is unknown.
Financial year: 30.01. - 31.12.
The number of employees is not known.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.32 |
|
|
1 |
Rs.102.54 |
|
Euro |
1 |
Rs.84.19 |
INFORMATION DETAILS
|
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.