|
Report Date : |
28.03.2014 |
\
IDENTIFICATION DETAILS
|
Name : |
HAMBURG COFFEE COMPANY HACOFCO MBH |
|
|
|
|
Registered Office : |
Zippelhaus 5a, D 20457 Hamburg |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
30.09.2012 |
|
|
|
|
Date of Incorporation : |
1987 |
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|
|
|
Com. Reg. No.: |
HRB 39319 |
|
|
|
|
Legal Form : |
Private limited company |
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|
|
|
Line of Business : |
Wholesale of coffee, tea, cocoa and
spices |
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|
|
|
No. of Employees : |
23 |
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 – 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 |
HAMBURG COFFEE COMPANY HACOFCO MBH
Company Status: active
Zippelhaus 5a
D 20457 Hamburg
Telephone:040/3096160
Telefax: 040/338200
E-mail:
email@hacofco.de
VAT no.: DE118563472
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1987
Shareholders'
agreement: 14.12.1987
Registered on: 12.02.1988
Commercial Register: Local court 20355 Hamburg
under: HRB
39319
Share capital: EUR 6,000,000.00
Shareholder:
Bent Bernhard Dietrich
Papenkamp 35
D 22607 Hamburg
born: 09.12.1959
Share: EUR 6,000,000.00
Manager:
Bent Bernhard Dietrich
Papenkamp 35
D 22607 Hamburg
having sole power of
representation
born: 09.12.1959
Profession: Businessman
Marital status: unknown
Manager:
Andreas Reyelt
D 20095 Hamburg
having sole power of
representation
Profession: Businessman
Marital status: unknown
Proxy:
Alfred Knaak
D 21423 Winsen
authorized to jointly
represent the company
born: 02.03.1953
Profession: Businessman
Marital status: unknown
Proxy:
Jörg Berger
D 21614 Buxtehude
authorized to jointly
represent the company
Profession: Businessman
Marital status: unknown
Proxy:
Stephan-Andre Niesel
D 20457 Hamburg
authorized to jointly
represent the company
born: 07.03.1977
Profession: Businessman
Marital status: unknown
Further
functions/participations of Bent Bernhard Dietrich
(Manager)
Manager:
Hamburger Wohnungs- und
Verwaltungsgesellschaft
mit beschränkter
Haftung
Kanzlershof 37
D 21079 Hamburg
Legal form: Private
limited company
Share capital: EUR 25,564.60
Registered
on: 07.06.1955
Reg. data: 20355 Hamburg, HRB 7603
Manager:
Johs. Schmidt G.m.b.H.
Rathenaustr. 54
D 22297 Hamburg
Legal form: Private
limited company
Share capital: EUR 1,500,000.00
Registered
on: 29.12.1970
Reg. data: 20355 Hamburg, HRB 13754
Manager:
Johannes Schmidt GmbH
Hochrad 44 b
D 22605 Hamburg
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 05.08.1983
Reg. data: 20355 Hamburg, HRB 31273
12.02.1988 - 09.02.1995 Hamburg
Coffee Company Hacofco mbH
Grandweg 53
D
22529 Hamburg
Private limited company
10.02.1995 - 15.02.1996 Hamburg
Coffee Company Hacofco mbH
Pickhuben 6
D 20457 Hamburg
Private limited company
16.02.1996 - 19.06.2013 Hamburg
Coffee Company Hacofco mbH
Zippelhaus 5
D 20457 Hamburg
Private limited company
Main
industrial sector
46370
Wholesale of coffee, tea, cocoa and spices
Payment
experience: within periods customary in this trade
Negative information: We have no negative information at hand.
Balance sheet year: 2011/2012
Type of ownership: Tenant
Address Zippelhaus
5a
D 20457 Hamburg
Real Estate of: Bent
Bernhard Dietrich
Type of ownership: Tenant
Address Papenkamp 35
D 22607
Hamburg
Land register documents were not available.
COMMERZBANK,
20454 HAMBURG
Sort. code: 20040000
BIC: COBADEHHXXX
DEUTSCHE BANK, 20079 HAMBURG
Sort. code: 20070000
BIC: DEUTDEHHXXX
DZ BANK, 20045 HAMBURG
Sort. code: 20060000
BIC: GENODEFF200
HSH NORDBANK HAMBURG, 20079 HAMBURG
Sort. code: 20050000
BIC: HSHNDEHH200
UNICREDIT BANK - HYPOVEREINSBANK, 20454
HAMBURG
Sort. code: 20030000
BIC: HYVEDEMM300
Turnover: 2011/2012 EUR 315,174,598.00
2012/2013 EUR 315,000,000.00
Profit: 2011/2012 EUR 5,222,208.00
further business figures:
Equipment: EUR 142,187.00
Ac/ts receivable: EUR
20,683,640.00
Liabilities: EUR 35,934,111.00
Total numbers of vehicles: 3
- Passenger cars: 3
Employees: 23
Balance sheet ratios 01.10.2011 - 30.09.2012
Equity ratio [%]: 18.27
Liquidity ratio: 0.59
Return on total capital [%]: 9.98
Balance sheet ratios 01.10.2010 - 30.09.2011
Equity ratio [%]: 8.42
Liquidity ratio: 0.45
Return on total capital [%]: 0.10
Balance sheet ratios 01.10.2009 - 30.09.2010
Equity ratio [%]: 9.02
Liquidity ratio: 0.65
Return on total capital [%]: 0.59
Balance sheet ratios 01.10.2008 - 30.09.2009
Equity ratio [%]: 11.55
Liquidity ratio: 0.47
Return on total capital [%]: 6.26
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 52,344,243.70
Fixed assets
EUR 142,539.00
Intangible assets
EUR 349.00
Concessions, licences, rights
EUR 348.00
Advance payments for intang. assets
EUR 1.00
Tangible assets
EUR 142,187.00
Other tangible assets / fixtures and
fittings
EUR 142,187.00
Financial assets EUR 3.00
Shares in participations /
subsidiaries and the like
EUR 2.00
Shares in related companies
EUR 2.00
Loans to participations /
subsidiaries
and the like EUR 1.00
Loans to related companies
EUR 1.00
Current assets
EUR 52,201,704.70
Stocks
EUR 30,869,186.34
Finished goods / work in progress
EUR 30,869,186.34
Accounts receivable
EUR 20,683,640.21
Trade debtors
EUR 20,253,282.59
Other debtors and assets
EUR 430,357.62
Liquid means
EUR 648,878.15
LIABILITIES EUR 52,344,243.70
Shareholders' equity
EUR 9,263,143.24
Capital EUR 25,564.59
Subscribed capital (share capital)
EUR 25,564.59
Balance sheet profit/loss (+/-)
EUR 9,237,578.65
Profit / loss brought forward
EUR 4,015,370.50
Annual surplus / annual deficit
EUR 5,222,208.15
Provisions
EUR 7,146,989.00
Pension provisions and comparable
provisions
EUR 151,030.00
Provisions for taxes
EUR 2,526,200.00
Other / unspecified provisions
EUR 4,469,759.00
Liabilities
EUR 35,934,111.46
Financial debts
EUR 21,527,084.78
Liabilities due to banks
EUR 21,527,084.78
Other liabilities
EUR 14,407,026.68
Trade creditors (for IAS incl. bills
of exchange)
EUR 6,136,250.79
Liabilities due to shareholders
EUR 302,240.68
Liabililties due to related companiesEUR 168,284.22
Unspecified other liabilities
EUR 7,800,250.99
thereof liabilities from tax /
financial authorities
EUR 608,853.35
thereof liabilities from social
security
EUR 1,051.30
PROFIT AND
LOSS ACCOUNT (cost-summary method) according to Comm. Code (HGB)
Sales
EUR 315,174,597.69
Other operating income
EUR 66,322.45
Cost of materials
EUR 297,274,042.26
Raw materials and supplies, purchased
goods
EUR 297,274,042.26
Gross result (+/-)
EUR 17,966,877.88
Staff expenses
EUR 4,962,694.64
Wages and salaries
EUR 4,765,239.35
Social security contributions and
expenses for pension plans and
benefits
EUR 197,455.29
Total depreciation
EUR 106,491.39
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 106,491.39
Other operating expenses
EUR 2,764,512.13
Operating result from continuing
operations
EUR 10,133,179.72
Interest result (+/-)
EUR -799,498.58
Interest and similar income
EUR 308,197.76
thereof from related companies
EUR 120,882.61
Interest and similar expenses
EUR 1,107,696.34
thereof paid to related companies
EUR 0.00
Other financial result
EUR 83,597.80
Income from securities and loans from
financial assets
EUR 83,597.80
thereof related companies
EUR 83,597.80
Financial result (+/-)
EUR -715,900.78
Result from ordinary operations (+/-)
EUR 9,417,278.94
Income tax / refund of income tax (+/-)EUR -4,195,070.79
Tax (+/-)
EUR -4,195,070.79
Annual surplus / annual deficit
EUR 5,222,208.15
Type of
balance sheet: Company
balance sheet
Financial
year: 01.10.2010 - 30.09.2011
ASSETS EUR 55,793,592.69
Fixed assets
EUR 159,400.00
Intangible assets
EUR 60,885.00
Concessions, licences, rights
EUR 5,885.00
Advance payments for intang. assets
EUR 55,000.00
Tangible assets
EUR 98,512.00
Other tangible assets / fixtures and
fittings
EUR 98,512.00
Financial assets
EUR 3.00
Shares in participations /
subsidiaries and the like
EUR 2.00
Shares in related companies
EUR 2.00
Loans to participations /
subsidiaries and the like
EUR 1.00
Loans to related companies
EUR 1.00
Current assets
EUR 55,634,192.69
Stocks
EUR 32,971,434.64
Finished goods / work in progress
EUR 32,971,434.64
Accounts receivable
EUR 21,434,442.21
Trade debtors
EUR 19,617,228.92
Amounts due from related companies
EUR 925,033.06
Other debtors and assets EUR 892,180.23
Liquid means
EUR 1,228,315.84
LIABILITIES EUR 55,793,592.69
Shareholders' equity
EUR 4,040,935.09
Capital EUR 25,564.59
Subscribed capital (share capital)
EUR 25,564.59
Balance sheet profit/loss (+/-)
EUR 4,015,370.50
Profit / loss brought forward
EUR 3,965,119.54
Annual surplus / annual deficit
EUR 50,250.96
Provisions
EUR 1,922,802.36
Pension provisions and comparable
provisions
EUR 137,594.00
Other / unspecified provisions
EUR 1,785,208.36
Liabilities
EUR 49,829,855.24
Financial debts
EUR 41,464,002.13
Liabilities due to banks
EUR 41,464,002.13
Other liabilities
EUR 8,365,853.11
Trade creditors (for IAS incl. bills
of exchange)
EUR 2,888,827.99
Liabilities due to shareholders
EUR 655,831.50
Liabililties
due to related companiesEUR
198,568.99
Unspecified other liabilities
EUR 4,622,624.63
thereof liabilities from tax /
financial authorities
EUR 413,758.61
thereof liabilities from social
security
EUR 0.00
PROFIT AND
LOSS ACCOUNT (cost-summary method) according to Comm. Code (HGB)
Sales
EUR 364,170,254.59
Other operating income EUR 104,121.15
Cost of materials
EUR 356,661,826.37
Raw materials and supplies, purchased
goods
EUR 356,661,826.37
Gross result (+/-)
EUR 7,612,549.37
Staff expenses
EUR 2,463,084.96
Wages and salaries
EUR 2,237,862.04
Social security contributions and
expenses for pension plans and
benefits EUR 225,222.92
Total depreciation
EUR 52,087.10
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 52,087.10
Other
operating expenses EUR 3,496,450.15
Operating result from continuing
operations
EUR 1,600,927.16
Interest result (+/-)
EUR -1,708,191.44
Interest
and similar income EUR 254,307.48
thereof from related companies
EUR 132,178.38
Interest and similar expenses
EUR 1,962,498.92
Other financial result
EUR 79,982.23
Income from securities and loans from
financial assets
EUR 79,982.23
thereof related companies
EUR 79,982.23
Financial result (+/-)
EUR -1,628,209.21
Result from ordinary operations (+/-)
EUR -27,282.05
Extraordinary expenses
EUR 4,476.00
Extraordinary result (+/-)
EUR -4,476.00
Income tax / refund of income tax (+/-)EUR 82,009.01
Tax (+/-)
EUR 82,009.01
Annual surplus / annual deficit
EUR 50,250.96
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.13 |
|
|
1 |
Rs.99.65 |
|
Euro |
1 |
Rs.82.91 |
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.