|
Report Date : |
05.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
RAPUNZEL
NATURKOST GMBH |
|
|
|
|
Registered Office : |
Rapunzelstr.
1 D 87764 Legau |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
1975 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
Subject
is engaged in growing of vegetables, melons and roots and tubers |
|
|
|
|
No. of Employees : |
192 |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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 |
RAPUNZEL NATURKOST GMBH
Company Status: active
Rapunzelstr. 1
D 87764 Legau
Telephone:08330/5290
Telefax: 08330/5291188
Homepage: www.rapunzel.de
E-mail: info@rapunzel.de
VAT no.: DE129088402
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 1975
Shareholders'
agreement: 21.07.2011
Registered on: 02.08.2011
Commercial Register: Local court 87700 Memmingen
under: HRB 14736
Share capital: EUR 2,106,000.00
Shareholder:
JKW Vermögensverwaltungs
GmbH
Oberhofen 37
D 87452 Altusried
Legal form: Private
limited company
Share capital: EUR 1,179,000.00
Share: EUR 2,106,000.00
Registered on: 26.03.2007
Reg. data: 87435 Kempten,
HRB 9393
Manager:
Joseph Konrad Wilhelm
Oberhofen 37 OT
Kimratshofen
D 87452 Altusried
having sole power of
representation
born: 16.01.1954
Marital status: single
Manager:
Margarethe Epple
D 87452 Altusried
having sole power of
representation
born: 01.08.1959
Manager:
Andreas Wenning
D 88260 Argenbühl
having sole power of
representation
born: 08.03.1965
Further functions/participations of Joseph
Konrad Wilhelm
(Manager)
Shareholder:
JKW Vermögensverwaltungs
GmbH
Oberhofen 37
D 87452 Altusried
Legal form: Private
limited company
Share capital: EUR 1,179,000.00
Share: EUR 707,400.00
Registered
on: 26.03.2007
Reg. data: 87435 Kempten, HRB 9393
Manager:
JKW Vermögensverwaltungs
GmbH
Oberhofen 37
D 87452 Altusried
Legal form: Private
limited company
Share capital: EUR 1,179,000.00
Registered
on: 26.03.2007
Reg. data: 87435 Kempten, HRB 9393
Further functions/participations of Margarethe
Epple (Manager)
Proprietor:
GESUND & FEIN
Naturkost Inh. Margit Epple
e.K.
Memminger Str. 75
D 87439 Kempten
Legal form: Sole
proprietorship
Registered
on: 16.08.1996
Reg. data: 87435 Kempten, HRA 4133
1975 - 06.04.1987 Rapunzel Naturkost Josef Wilhelm
Haldergasse 9
D 87764 Legau
Sole proprietorship
07.04.1987 - 25.06.1990 Rapunzel Naturkost GmbH & Co.
Haldergasse 9
D 87764 Legau
Ltd partnership with
priv. ltd. company
as general partner
26.06.1990 - 14.04.2005 Rapunzel Naturkost GmbH
Haldergasse 9
D 87764 Legau
Private limited
company
14.04.2005 - 16.01.2007 Rapunzel Naturkost Aktiengesellschaft
Haldergasse 9
D 87764 Legau
Public limited
company
16.01.2007 - 02.08.2011 Rapunzel Naturkost Aktiengesellschaft
Rapunzelstr. 1
D 87764 Legau
Public limited
company
Main industrial sector
0113
Growing of vegetables, melons and roots and tubers
3299 Other manufacturing n.e.c.
Secondary industrial sector
46389
Wholesale of food n.e.c.
4721 Retail sale of fruit and vegetables
Branch:
Rapunzel Naturkost GmbH
Hinter den Gärten 9
D 87730 Bad Grönenbach
Shareholder:
BioGourmet GmbH
Ochsenweg 1
D 71729 Erdmannhausen
Legal form: Private
limited company
Company Status: active
Share capital: EUR 27,000.00
Share: EUR 27,000.00
Reg. data: 16.02.2011
Local court
70190 Stuttgart
HRB 736632
Payment
experience: within agreed terms
Negative information:We have no negative information
at hand.
BALANCE SHEET YEAR: 2012
Type of ownership: proprietor
Share: 100.00 %
Address Hinter den Gärten 9
D 87730 Bad Grönenbach
Type of ownership: Tenant
Address Rapunzelstr.
1
D 87764 Legau
Real Estate of: Joseph
Konrad Wilhelm
Type of ownership: Tenant
Address Oberhofen 37
D 87452 Altusried
Land register documents were not available.
Principal bank
COMMERZBANK KEMPTEN ALLGÄU, 87435 KEMPTEN
(ALLGÄU)
Sort. code: 73340046, Account no.: 7748007
BIC: COBADEFFXXX, IBAN: DE33733400460774800700
Further banks
VR-BANK MEMMINGEN, 87764 LEGAU
Sort. code: 73190000, Account no.: 715018
BIC: GENODEF1MM1, IBAN: DE61731900000000715018
DEUTSCHE BANK, 87682 MEMMINGEN
Sort. code: 73370008, Account no.: 120822200
BIC: DEUTDEMM733, IBAN: DE92733700080120822200
POSTBANK (GIRO), 80318 MÜNCHEN
Sort. code: 70010080, Account no.: 137327805
BIC: PBNKDEFFXXX, IBAN: DE13700100800137327805
LANDESBANK
BADEN-WÜRTTEMBERG/BADEN-WÜRTTEMBERGISCHE BANK, 70144
STUTTGART
Sort. code: 60050101, Account no.: 4549055
BIC: SOLADEST600, IBAN: DE76600501010004549055
Turnover: 2012 EUR 128,125,617.00
Profit: 2012 EUR 7,763,530.00
Equipment: EUR 488,432.00
Ac/ts receivable: EUR 9,554,509.00
Liabilities: EUR 24,959,965.00
Employees:
262
- thereof permanent
staff:
192
- Part-time employees: 52
- Trainees:
18
Balance sheet ratios
01.01.2012 - 31.12.2012
Equity ratio [%]: 46.77
Liquidity ratio: 0.38
Return on total capital
[%]: 14.15
Balance sheet ratios
01.01.2011 - 31.12.2011
Equity ratio [%]: 37.10
Liquidity ratio: 0.37
Return on total capital
[%]: 18.32
Balance sheet ratios
01.01.2010 - 31.12.2010
Equity ratio [%]: 54.54
Liquidity ratio: 0.55
Return on total capital
[%]: 9.83
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: 01.01.2012 - 31.12.2012
ASSETS EUR 54,912,306.88
Fixed assets EUR 27,907,625.29
Intangible assets EUR 126,103.00
Concessions, licences,
rights EUR 94,656.00
Goodwill EUR 31,447.00
Tangible assets EUR 24,799,127.31
Land / similar
rights EUR 20,250,401.69
Plant / machinery EUR 2,786,330.00
Other tangible assets /
fixtures and
fittings EUR 488,432.00
Advance payments made /
construction
in progress EUR 1,273,963.62
Financial assets EUR 2,982,394.98
Shares in participations
/
subsidiaries and the
like EUR 2,888,702.58
Shares in related
companies EUR 2,888,702.58
Securities included in
fixed assets EUR 1,131.81
Other loans EUR 92,560.59
Current assets EUR 26,732,062.42
Stocks EUR 17,117,313.35
Raw materials,
consumables and
supplies EUR
8,331,958.65
Finished goods / work in
progress EUR 8,244,756.85
Advance payments
made EUR 540,597.85
Accounts receivable EUR 9,554,509.33
Trade debtors EUR 8,992,642.00
Other debtors and
assets EUR 561,867.33
Liquid means EUR 60,239.74
Remaining other
assets EUR 272,619.17
Accruals (assets) EUR 102,643.93
Active difference from
asset
offsetting EUR 169,975.24
LIABILITIES EUR 54,912,306.88
Shareholders' equity EUR 25,699,250.12
Capital EUR 2,106,000.00
Subscribed capital
(share capital) EUR 2,106,000.00
Reserves EUR 7,270,479.55
Capital reserves EUR 1,882,076.67
Retained earnings /
revenue reserves EUR
5,388,402.88
Balance sheet profit/loss
(+/-) EUR 16,322,770.57
Profit / loss brought
forward EUR 8,559,240.84
Annual surplus / annual
deficit EUR 7,763,529.73
Provisions EUR 4,253,091.35
Provisions for taxes EUR 188,383.00
Other / unspecified
provisions EUR 4,064,708.35
Liabilities EUR 24,959,965.41
Financial debts EUR 16,329,488.76
Liabilities due to
banks EUR 16,329,488.76
Other liabilities EUR 8,630,476.65
Trade creditors (for IAS
incl. bills
of exchange) EUR 8,057,862.02
Liabililties due to
related companiesEUR
190,578.49
Unspecified other
liabilities EUR 382,036.14
thereof liabilities from tax /
financial
authorities EUR 97,760.75
thereof liabilities
from social
security EUR 16,325.98
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 128,125,617.30
Inventory change + own
costs (+/-) EUR 86,675.33
Inventory change
(+/-) EUR 86,675.33
Other operating
income EUR 1,545,220.93
Cost of materials EUR 88,248,900.69
Raw materials and
supplies, purchased
goods EUR 86,216,973.86
Purchased services EUR
2,031,926.83
Gross result (+/-) EUR 41,508,612.87
Staff expenses EUR 12,711,944.26
Wages and salaries EUR 11,044,264.07
Social security contributions
and
expenses for pension
plans and
benefits EUR 1,667,680.19
Total depreciation EUR 1,731,189.24
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 1,731,189.24
Other operating
expenses EUR 15,730,720.60
Operating result from
continuing
operations EUR 11,334,758.77
Interest result (+/-) EUR -672,311.44
Interest and similar
income EUR 109,979.14
Interest and similar
expenses EUR 782,290.58
Other financial
result EUR -2,560.70
Income from securities
and loans from
financial assets EUR 1,137.62
Depreciation on financial
assets and
marketable
securities EUR 3,698.32
Financial result
(+/-) EUR -674,872.14
Result from ordinary
operations (+/-) EUR 10,659,886.63
Income tax / refund of
income tax (+/-)EUR -2,851,782.04
Other taxes / refund of
taxes EUR -44,574.86
Tax (+/-) EUR
-2,896,356.90
Annual surplus / annual
deficit EUR 7,763,529.73
TYPE OF BALANCE SHEET: COMPANY BALANCE SHEET
FINANCIAL YEAR: 01.01.2011 - 31.12.2011
ASSETS EUR 49,753,647.89
Fixed assets EUR 21,911,716.47
Intangible assets EUR 117,654.00
Concessions, licences,
rights EUR 77,821.00
Goodwill EUR 39,833.00
Tangible assets EUR 18,809,809.91
Land / similar
rights EUR 15,356,380.91
Plant / machinery EUR 2,884,884.00
Other tangible assets /
fixtures and
fittings EUR 518,545.00
Advance payments made /
construction
in progress EUR 50,000.00
Financial assets EUR 2,984,252.56
Shares in participations
/
subsidiaries and the
like EUR 2,888,702.58
Shares in related
companies EUR 2,888,702.58
Securities included in
fixed assets EUR 1,131.81
Other loans EUR 94,418.17
Current assets EUR 27,505,161.69
Stocks EUR 17,956,031.67
Raw materials,
consumables and
supplies EUR
9,001,192.83
Finished goods / work in
progress EUR 8,118,989.57
Advance payments
made EUR 835,849.27
Accounts receivable EUR 9,532,228.00
Trade debtors EUR 9,121,631.34
Other debtors and
assets EUR 410,596.66
Liquid means EUR 16,902.02
Remaining other
assets EUR 336,769.73
Accruals (assets) EUR 226,879.36
Active difference from
asset
offsetting EUR 109,890.37
LIABILITIES EUR 49,753,647.89
Shareholders' equity EUR 18,485,720.39
Capital EUR 2,106,000.00
Subscribed capital
(share capital) EUR 2,106,000.00
Reserves EUR 7,270,479.55
Capital reserves EUR 1,882,076.67
Retained earnings /
revenue reserves EUR
5,388,402.88
Balance sheet profit/loss
(+/-) EUR 9,109,240.84
Annual surplus / annual
deficit EUR 9,109,240.84
Provisions EUR 5,577,489.05
Pension provisions and
comparable
provisions EUR 9,265.00
Provisions for taxes EUR 1,972,974.00
Other / unspecified provisions EUR 3,595,250.05
Liabilities EUR 25,690,438.45
Financial debts EUR 18,460,626.97
Liabilities due to
banks EUR 18,460,626.97
Other liabilities EUR 7,229,811.48
Trade creditors (for IAS
incl. bills
of exchange) EUR 6,689,857.27
Liabililties due to
related companiesEUR
217,792.00
Unspecified other liabilities EUR 322,162.21
thereof liabilities
from tax /
financial
authorities EUR 81,335.29
thereof liabilities
from social
security EUR 2,456.39
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 120,861,961.97
Inventory change + own
costs (+/-) EUR 517,451.85
Inventory change
(+/-) EUR 517,451.85
Other operating
income EUR 3,749,416.09
Cost of materials EUR 84,342,914.81
Raw materials and
supplies, purchased
goods EUR 82,390,889.60
Purchased services EUR 1,952,025.21
Gross result (+/-) EUR 40,785,915.10
Staff expenses EUR 11,952,866.44
Wages and salaries EUR 10,264,346.83
Social security
contributions and
expenses for pension
plans and
benefits EUR 1,688,519.61
Total depreciation EUR 1,982,127.52
Depreciation on tangible /
intangible
asssets (incl. start-up
and exp. of
bus. EUR 1,852,127.52
Depreciation on current
assets (+/-) EUR 130,000.00
Other operating
expenses EUR 14,077,723.27
Operating result from
continuing
operations EUR 12,773,197.87
Result from participating
interests
(+/-) EUR 98,300.00
Expenses / income from
participations EUR 98,300.00
Income from related
companies EUR 98,300.00
Interest result (+/-) EUR -448,629.03
Interest and similar
income EUR 139,743.30
Interest and similar
expenses EUR
588,372.33
thereof paid to related
companies EUR 0.00
Other financial
result EUR 902.48
Income from securities
and loans from
financial assets EUR 1,412.12
Depreciation on financial
assets and
marketable
securities EUR 509.64
Financial result
(+/-) EUR -349,426.55
Result from ordinary
operations (+/-) EUR 12,423,771.32
Income tax / refund of
income tax (+/-)EUR -3,276,265.55
Other taxes / refund of
taxes EUR -38,264.93
Tax (+/-) EUR -3,314,530.48
Annual surplus / annual
deficit EUR 9,109,240.84
Inconsistent balance sheets:
Financial year published on
01.01.2009 - 31.12.2009 03.11.2010
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.41 |
|
|
1 |
Rs.98.06 |
|
Euro |
1 |
Rs.76.67 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIS |
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.