|
Report Date : |
31.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
ALPHASTONE GMBH & CO. KG |
|
|
|
|
Registered Office : |
Beselerallee 57, D 24105 Kiel |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
30.08.2006 |
|
|
|
|
Date of Incorporation : |
31.12.2012 |
|
|
|
|
Com. Reg. No.: |
HRA 5345 KI |
|
|
|
|
Legal Form : |
Ltd partnership with priv. ltd. company as general partner |
|
|
|
|
Line of Business : |
Distributor of
ship equipment and supplements its diverse product ranges with a
comprehensive range of services. |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
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 |
Alphastone GmbH & Co. KG
Beselerallee 57
D 24105 Kiel
Telephone:0431/90892500
Telefax: 0431/90892520
Homepage: www.alphastone.eu
E-mail:
faxes@alphastone.eu
Business relations are permissible.
LEGAL FORM Ltd
partnership with priv. ltd. company as general partner
Date of foundation: 30.08.2006
Begin of business activities: 30.08.2006
Registered on: 30.08.2006
Register of companies: Local
court 24114 Kiel
under: HRA
5345 KI
Total cap. contribution: EUR 100,000.00
Frank Görlitz
D 24105 Kiel
born: 28.09.1964
Share: EUR 85,000.00
Limited partner:
Ralf Görlitz
D 24103 Kiel
born: 28.11.1962
Share: EUR 15,000.00
Alphastone
Geschäftsführungsgesellschaft mbH
Beselerallee 57
D 24105 Kiel
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered on: 29.08.2006
Reg. data: 24114 Kiel,
HRB 8335 KI
Alphastone GmbH & Co.
KG
Beselerallee 57
D 24105 Kiel
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR 100,000.00
contribution:
Share: EUR 25,000.00
Registered on: 30.08.2006
Reg. data: 24114 Kiel,
HRA 5345 KI
Frank Görlitz
D 24105 Kiel
having sole power of
representation
born: 28.09.1964
Profession:
Physiotherapist
Marital status: married
Manager:
Dr. Dieter Görlitz
D 24105 Kiel
having sole power of
representation
born: 29.11.1938
Profession: Businessman
Marital status: married
30.08.2006 - 26.04.2011 Alphastone GmbH & Co. KG
Hufenweg 24
D 24211 Preetz
Ltd partnership with
priv. ltd. company
as general partner
Main industrial sector
4690
Non-specialized wholesale trade
Shareholder:
Alphastone
Geschäftsführungsgesellschaft mbH
Beselerallee 57
D 24105 Kiel
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data:
29.08.2006
Local court
24114 Kiel
HRB 8335 KI
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Type of ownership: Tenant
Address Beselerallee 57
D 24105 Kiel
Real Estate of: Alphastone Geschäftsführungsgesellschaft
mbH
Type of ownership: Tenant
Address Beselerallee 57
D 24105 Kiel
Land register documents were not available.
FÖRDE SPARKASSE, 24205 PREETZ, HOLST
Sort. code: 21050170
BIC: NOLADE21KIE
KIELER VOLKSBANK, 24211 PREETZ, HOLST
Sort. code: 21090007
BIC: GENODEF1KIL
Turnover: 2012 *EUR 490,000.00
Ac/ts receivable: EUR 106,039.00
Liabilities: EUR 1,022,001.00
Employees: 2
The
business figures marked with an asterisk are estimates based on average values
in the line of business.
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 38.99
Liquidity ratio: 1.53
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 46.43
Liquidity ratio: 0.17
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 64.22
Liquidity ratio: 10.00
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 36.92
Liquidity ratio: 0.14
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.
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 1,410,403.38
Fixed assets
EUR 685,018.00
Intangible assets
EUR 2.00
Tangible assets
EUR 660,016.00
Financial assets
EUR 25,000.00
Other / unspecified financial assets EUR 25,000.00
Current assets
EUR 717,376.94
Stocks
EUR 108,517.69
Accounts receivable
EUR 106,038.57
Liquid means
EUR 502,820.68
Remaining other assets
EUR 8,008.44
Accruals (assets)
EUR 8,008.44
LIABILITIES EUR 1,410,403.38
Shareholders' equity
EUR 100,000.00
Capital
EUR 100,000.00
Limited partner's capital / capital
of partially liable partner (LP)
EUR 100,000.00
Provisions
EUR 285,162.20
Liabilities
EUR 1,022,001.18
Other liabilities
EUR 3,240.00
Deferrals (liabilities) EUR 3,240.00
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 1,211,787.47
Fixed assets
EUR 585,716.00
Intangible assets
EUR 285.00
Other / unspecified intangible assetsEUR 285.00
Tangible assets
EUR 560,431.00
Other / unspecified tangible assets
EUR 560,431.00
Financial assets
EUR 25,000.00
Other / unspecified financial assets EUR 25,000.00
Current assets
EUR 614,123.13
Stocks EUR 440,416.45
Accounts receivable
EUR 91,168.99
Other debtors and assets
EUR 91,168.99
Liquid means
EUR 82,537.69
Remaining other assets
EUR 11,948.34
Accruals (assets)
EUR 11,948.34
LIABILITIES EUR 1,211,787.47
Shareholders' equity
EUR 100,000.00
Capital
EUR 100,000.00
Limited partner's capital / capital
of partially liable partner (LP)
EUR 100,000.00
Provisions
EUR 19,523.00
Liabilities
EUR 1,087,124.47
Other liabilities
EUR 1,087,124.47
Unspecified other liabilities
EUR 1,087,124.47
Other liabilities
EUR 5,140.00
Deferrals (liabilities)
EUR 5,040.00
Deferred taxes (not included under
provisions/liabilities)
EUR 100.00
Guarantees and other commitments
EUR 26,231.20
Guarantees / warranties
EUR 26,231.20
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.03 |
|
|
1 |
Rs.98.91 |
|
Euro |
1 |
Rs.80.33 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
PDT |
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.