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Report Date : |
26.05.2014 |
IDENTIFICATION DETAILS
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Name : |
EDM. ROMBERG & SOHN (GMBH & CO.) KG |
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Registered Office : |
Werner-von-Siemens-Str. 13, D 25479 Ellerau |
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Country : |
Germany |
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Financials (as on) : |
30.06.2012 |
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Date of Incorporation : |
04.04.1865 |
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Com. Reg. No.: |
HRA 1806 NO |
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Legal Form : |
Ltd partnership with priv. ltd. company as general partner |
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Line of Business : |
Wholesale of Flowers and Plants |
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No. of Employees : |
22 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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.
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.
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Source
: CIA |
Edm. Romberg &
Sohn (GmbH & Co.) KG
Company Status: active
Werner-von-Siemens-Str. 13
D 25479 Ellerau
Telephone:04106/7099-0
Telefax: 04106/7099-32
Homepage: www.romberg.de
E-mail: info@romberg.de
DE134369500
11 282 40308
LEGAL FORM Ltd partnership with priv. ltd. company as general partner
Date of foundation: 04.04.1865
Registered on: 17.05.1982
Register of
companies: Local court 24114 Kiel
under: HRA 1806 NO
Total cap. contribution: EUR 1,000,000.00
Limited partner:
Hildegard Schilling
Lohplatz 6
D 25486 Alveslohe
born: 11.03.1923
née: Gülzow
Share: EUR 200,000.00
Limited partner:
Ralf Schilling
Hermann-Krohn-Str. 11
D 25499 Tangstedt
born: 01.10.1945
Share: EUR 175,000.00
Limited partner:
Frank Schilling
Lohplatz 8a
D 25486 Alveslohe
born: 08.09.1955
Share: EUR 175,000.00
Limited partner:
Wolfgang Schilling
Lohplatz 8
D 25486 Alveslohe
born: 09.02.1950
Share: EUR 175,000.00
Limited partner:
David Schilling
Klenzestr. 55
D 80469 München
Share: EUR 112,500.00
Limited partner:
Rainer Schilling
Waldstr. 16
D 57589 Pracht
born: 21.04.1947
Share: EUR 62,500.00
Limited partner:
Philipp Schilling
D 22889 Tangstedt
born: 02.04.1980
Share: EUR 50,000.00
Limited partner:
Anne Schilling
D 57589 Pracht
born: 16.02.1991
Share: EUR 25,000.00
Limited partner:
Martin Schilling
D 57589 Pracht
born: 25.10.1989
Share: EUR 25,000.00
General partner:
Günther Schilling GmbH
Werner-von-Siemens-Str. 13
D 25479 Ellerau
Legal form: Private limited company
Share capital: EUR 50,000.00
Registered on: 18.09.2002
Reg. data: 24114 Kiel, HRB 4922 NO
Shareholder:
Ralf Schilling
Hermann-Krohn-Str. 11
D 25499 Tangstedt
born: 01.10.1945
Share: EUR 12,500.00
Shareholder:
Rainer Schilling
Waldstr. 16
D 57589 Pracht
born: 21.04.1947
Share: EUR 12,500.00
Shareholder:
Frank Schilling
Lohplatz 8a
D 25486 Alveslohe
born: 08.09.1955
Share: EUR 12,500.00
Shareholder:
Wolfgang Schilling
Lohplatz 8
D 25486 Alveslohe
born: 09.02.1950
Share: EUR 12,500.00
Manager:
Frank Schilling
Lohplatz 8a
D 25486 Alveslohe
having sole power of representation
born: 08.09.1955
Profession: Businessman
Manager:
Roland Hans Reiser
Bannebruchweg 20
D 25462 Rellingen
having sole power of representation
born: 11.05.1955
Proxy:
Sascha Ehler
D 24641 Sievershütten
having sole power of representation
born: 07.05.1976
Main industrial
sector
46220 Wholesale of flowers and plants
46610 Wholesale of agricultural machinery, equipment and supplies
47523 Retail sale of paints and building materials
Branch:
Edm. Romberg & Sohn (GmbH & Co.) KG
D 57539 Breitscheidt
Limited partner:
Edm. Romberg & Sohn GmbH & Co. KG.
Konserven-Import
Werner-von-Siemens-Str. 13
D 25479 Ellerau
Post Box:
13 35
Legal form: Ltd partnership with priv. ltd.
company as general partner
Company Status: active
Total cap. EUR 2,000,000.00
contribution:
Share: EUR 420,000.00
Reg. data: 30.12.2013
Local court 24114 Kiel
HRA 8477 KI
Payment experience: within agreed terms
Negative information:We have no negative information at hand.
Balance sheet year: 2011/2012
Type of ownership: Tenant
Address Werner-von-Siemens-Str. 13
D 25479 Ellerau
Real Estate of: Günther Schilling GmbH
Type of ownership: Tenant
Address Werner-von-Siemens-Str. 13
D 25479 Ellerau
Land register documents were not available.
Principal bank
DEUTSCHE BANK, 20079 HAMBURG
Sort. code: 20070000
BIC: DEUTDEHHXXX
Further bank
HAMBURGER SPARKASSE, 20454 HAMBURG
Sort. code: 20050550
BIC: HASPDEHHXXX
Turnover: 2011/2012 EUR 4,000,000.00
2012/2013 *EUR 3,813,000.00
Profit: 2011/2012 EUR
524,204.00
further business
figures:
Equipment: *EUR 227,000.00
Ac/ts
receivable:
EUR 983,863.00
Liabilities: EUR 2,197,449.00
Employees: 22
The business figures marked with an asterisk are estimates based on average values in the line of business.
Balance sheet ratios
01.07.2011 - 30.06.2012
Equity ratio
[%]: 31.31
Liquidity
ratio: 0.49
Return on total
capital [%]: 13.07
Balance sheet ratios
01.07.2010 - 30.06.2011
Equity ratio
[%]: 26.22
Liquidity
ratio: 0.22
Return on total
capital [%]: 12.60
Balance sheet ratios
01.07.2009 - 30.06.2010
Equity ratio
[%]: 22.69
Liquidity
ratio: 0.57
Balance sheet ratios
01.07.2008 - 30.06.2009
Equity ratio
[%]: 51.97
Liquidity
ratio: 1.08
Return on total
capital [%]: 13.89
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: 01.07.2011
- 30.06.2012
ASSETS EUR 4,530,546.43
Fixed assets EUR 735,490.00
Intangible assets EUR 41,694.00
Other / unspecified intangible
assetsEUR 41,694.00
Tangible assets EUR 273,796.00
Other / unspecified tangible assets EUR
273,796.00
Financial assets EUR 420,000.00
Other / unspecified financial assets
EUR 420,000.00
Current assets EUR 3,110,235.68
Stocks EUR 1,925,736.29
Accounts receivable EUR 983,862.91
Other debtors and assets EUR 983,862.91
Liquid means EUR 200,636.48
Remaining other assets EUR 684,820.75
Accruals (assets) EUR 184,820.75
Deficit not covered by shareholders'
equity EUR 500,000.00
LIABILITIES EUR 4,530,546.43
Shareholders' equity EUR 1,776,257.75
Capital EUR 1,776,257.75
Limited partner's capital / capital
of partially liable partner (LP) EUR 1,776,257.75
Provisions EUR 556,839.57
Liabilities
EUR 2,197,449.11
Other liabilities EUR 2,197,449.11
Unspecified other liabilities EUR 2,197,449.11
Type of balance
sheet: Company balance
sheet
Financial year: 01.07.2010
- 30.06.2011
ASSETS EUR 3,929,192.86
Fixed assets EUR 763,591.00
Intangible assets EUR 34,979.00
Other / unspecified intangible
assetsEUR 34,979.00
Tangible assets EUR 308,612.00
Other / unspecified tangible assets EUR
308,612.00
Financial assets EUR 420,000.00
Other
/ unspecified financial assets EUR
420,000.00
Current assets EUR 2,407,078.08
Stocks EUR 1,949,564.42
Accounts receivable EUR 452,611.72
Other debtors and assets EUR 452,611.72
Liquid means EUR 4,901.94
Remaining other assets EUR 758,523.78
Accruals (assets) EUR 258,523.78
Deficit not covered by shareholders'
equity EUR 500,000.00
LIABILITIES EUR 3,929,192.86
Shareholders' equity EUR 1,411,903.81
Capital EUR 1,411,903.81
Limited partner's capital / capital
of partially liable partner (LP) EUR 1,411,903.81
Provisions EUR 414,640.29
Liabilities EUR 2,102,648.76
Other liabilities EUR 2,102,648.76
Unspecified other liabilities EUR 2,102,648.76
Guarantees and other commitments EUR 4,350,100.00
Other guarantees and other
commitmentsEUR 4,350,100.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.48 |
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|
1 |
Rs.98.67 |
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Euro |
1 |
Rs.79.81 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
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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.