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Report Date : |
14.11.2014 |
IDENTIFICATION DETAILS
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Name : |
AGA SAAT GESELLSCHAFT MIT BESCHRÄNKTER
HAFTUNG |
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Registered Office : |
Pascalstr. 11 Gewerbegebiet Süd D 47506
Neukirchen-Vluyn Post Box: 10 12 28 |
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Country : |
Germany |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
02.12.1991 |
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Com. Reg. No.: |
HRB 5406 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesale of Grain, Unmanufactured
Tobacco, Seeds and Animal Feeds. |
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No. of Employees : |
39 |
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.
ECGC Country Risk Classification List – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Germany |
A1 |
A1 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 |
AGA SAAT Gesellschaft mit beschränkter
Haftung
Company Status: active
Pascalstr. 11
Gewerbegebiet
Süd
D 47506 Neukirchen-Vluyn
Post Box:
10 12 28
Telephone:02845/91460
Telefax: 02845/914651
Homepage: www.agasaat.de
E-mail: info@agasaat.de
DE120284736
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 02.12.1991
Shareholders'
agreement: 02.12.1991
Registered on: 03.06.1992
Commercial Register: Local court 47533 Kleve
under: HRB 5406
EUR
230,081.34
Shareholder:
Rolf-Dietmar Artus
Pidder-Lüng-Weg 16
D 22149 Hamburg
Share: EUR 76,693.78
Shareholder:
Manfred Gnann
Mühlenstr. 23a
D 47506 Neukirchen-Vluyn
born: 27.01.1940
Share: EUR 76,693.78
Shareholder:
Werner Arts
Rathausstr. 67
D 47509 Rheurdt
born: 09.08.1957
Share: EUR 76,693.78
Manager:
Manfred Gnann
Mühlenstr. 23a
D 47506 Neukirchen-Vluyn
having sole power of representation
born: 27.01.1940
Profession: Businessman
Marital status: unknown
Manager:
Werner Arts
Rathausstr. 67
D 47509 Rheurdt
having sole power of
representation
born: 09.08.1957
Profession: Businessman
Proxy:
Alexander Gnann
Mühlenstr. 25
D 47506 Neukirchen-Vluyn
having sole power of
representation
born: 22.04.1971
Profession: Businessman
Marital status: unknown
Further functions/participations of Manfred
Gnann (Manager)
Limited partner:
aga IMMO GmbH & Co.
KG
Pascalstr. 11
D 47506 Neukirchen-Vluyn
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 25,000.00
contribution:
Share: EUR 12,500.00
Registered
on: 13.12.2011
Reg. data: 47533 Kleve, HRA 3839
Limited partner:
AGA SAAT GmbH & Co.
KG
Maishandelsgesellschaft
Pascalstr. 11
D 47506 Neukirchen-Vluyn
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 51,129.20
contribution:
Share: EUR 5,112.92
Registered
on: 19.03.1993
Reg. data: 47533 Kleve, HRA 2062
Shareholder:
aga Verwaltungs GmbH
Pascalstr. 11
D 47506 Neukirchen-Vluyn
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 07.12.2011
Reg. data: 47533 Kleve, HRB 11233
Manager:
aga Verwaltungs GmbH
Pascalstr. 11
D 47506 Neukirchen-Vluyn
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 07.12.2011
Reg. data: 47533 Kleve, HRB 11233
Further functions/participations of Werner
Arts (Manager)
Proprietor:
Werner Arts
Rathausstr. 67
D 47509 Rheurdt
Legal form: Unregistered
commercial
enterprise
Limited partner:
AGA SAAT GmbH & Co.
KG
Maishandelsgesellschaft
Pascalstr. 11
D 47506
Neukirchen-Vluyn
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 51,129.20
contribution:
Share: EUR 17,895.22
Registered
on: 19.03.1993
Reg. data: 47533 Kleve, HRA 2062
Limited partner:
aga IMMO GmbH & Co.
KG
Pascalstr. 11
D 47506 Neukirchen-Vluyn
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 25,000.00
contribution:
Share: EUR 12,500.00
Registered
on: 13.12.2011
Reg. data: 47533 Kleve, HRA 3839
Shareholder:
aga Verwaltungs GmbH
Pascalstr. 11
D 47506 Neukirchen-Vluyn
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 07.12.2011
Reg. data: 47533 Kleve, HRB 11233
Manager:
AGA SAAT Beteiligungs GmbH
Pascalstr. 11
D 47506 Neukirchen-Vluyn
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 11.03.1999
Reg. data: 47533 Kleve, HRB 5784
Manager:
aga Verwaltungs GmbH
Pascalstr. 11
D 47506 Neukirchen-Vluyn
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 07.12.2011
Reg. data: 47533 Kleve, HRB 11233
02.12.1991 - 01.08.2000 AGA SAAT Handelsgesellschaft mit
beschränkter Haftung
Mühlenstr. 23a
D 47506
Neukirchen-Vluyn
Private limited
company
Main industrial sector
46210
Wholesale of grain, unmanufactured tobacco, seeds and animal feeds
Payment experience: within agreed terms
Negative information:We have no negative information
at hand.
Balance sheet year: 2012
Type of ownership: Tenant
Address Pascalstr.
11
D 47506 Neukirchen-Vluyn
Real Estate of: Werner
Arts
Type of ownership: Tenant
Address
Rathausstr. 67
D 47509 Rheurdt
Land register documents were not available.
SPARKASSE AM NIEDERRHEIN, 47439 MOERS
Sort. code: 35450000
BIC: WELADED1MOR
Turnover: 2013 *EUR 13,320,000.00
Profit: 2012 EUR 250,343.00
further business figures:
Equipment: *EUR 592,000.00
Ac/ts receivable: EUR 2,354,744.00
Liabilities: EUR 4,401,687.00
Employees:
39
-
thereof permanent staff: 18
-
Trainees:
2
-
Temporary workers: 19
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 [%]: 29.47
Liquidity ratio: 0.54
Return on total capital [%]: 3.83
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 35.95
Liquidity ratio: 0.61
Return on total capital [%]: 5.78
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 26.55
Liquidity ratio: 0.36
Return on total capital [%]: 4.71
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 24.92
Liquidity ratio: 0.53
Return on total capital [%]: 6.65
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 6,554,882.21
Fixed
assets EUR 303,852.00
Intangible assets
EUR 3,389.00
Tangible assets
EUR 300,463.00
Current assets
EUR 6,228,731.21
Stocks
EUR 3,817,032.00
Accounts receivable
EUR 2,354,744.32
Liquid means
EUR 56,954.89
Remaining other assets
EUR 22,299.00
Accruals (assets)
EUR 6,099.00
Deferred taxes (assets)
EUR 16,200.00
LIABILITIES EUR 6,554,882.21
Shareholders' equity EUR 1,929,901.95
Capital
EUR 230,081.34
Subscribed capital (share capital)
EUR 230,081.34
Balance sheet profit/loss (+/-)
EUR 1,699,820.61
Balance sheet profit / loss
EUR 1,699,820.61
Provisions
EUR 223,293.00
Liabilities
EUR 4,401,687.26
Type
of balance sheet: Company balance sheet
Financial year: 01.01.2011
- 31.12.2011
ASSETS EUR 4,680,731.33
Fixed assets
EUR 245,364.00
Intangible assets
EUR 6,335.00
Other / unspecified intangible assetsEUR 6,335.00
Tangible assets
EUR 239,029.00
Other / unspecified tangible assets
EUR 239,029.00
Current assets
EUR 4,411,410.33
Stocks EUR 2,758,596.00
Accounts receivable
EUR 1,649,812.84
Other debtors and assets
EUR 1,649,812.84
Liquid means
EUR 3,001.49
Remaining other assets
EUR 23,957.00
Accruals (assets)
EUR 9,657.00
Deferred taxes (assets)
EUR 14,300.00
LIABILITIES EUR 4,680,731.33
Shareholders' equity
EUR 1,679,559.32
Capital
EUR 230,081.34
Subscribed capital (share capital)
EUR 230,081.34
Balance sheet profit/loss (+/-)
EUR 1,449,477.98
Balance sheet profit / loss
EUR 1,449,477.98
Provisions
EUR 293,529.00
Liabilities
EUR 2,707,643.01
Other liabilities EUR 2,707,643.01
Unspecified other liabilities
EUR 2,707,643.01
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.56 |
|
|
1 |
Rs.97.10 |
|
Euro |
1 |
Rs.76.61 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
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.