MIRA INFORM REPORT

 

 

Report Date :

24.11.2014

 

IDENTIFICATION DETAILS

 

Name :

KEYANIYAN COMPANY GMBH

 

 

Registered Office :

Stadthausbrücke 7, D 20355 Hamburg

 

 

Country :

Germany

 

 

Financials (as on) :

31.08.2014

 

 

Date of Incorporation :

29.11.1984

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Wholesale of Food

 

 

No of Employees :

8

 

 

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

Company Name & address

 

 KEYANIYAN COMPANY GMBH

 

 Company Status:          active

                                    Stadthausbrücke 7

                                    D 20355 Hamburg

                                    Telephone:040/3786270

                                    Telefax:  040/37862727

                                    Homepage: www.keyaniyan.com

                                    E-mail:   contact@keyaniyan.de

 

 VAT no.:                       DE288753824

 Tax ID number:             48/736/03084

 

 

CONCLUSION

 

 Business relations are permissible.

 

 LEGAL FORM           Private limited company

 Date of foundation:  29.11.1984

 Shareholders'

 agreement:           21.03.2013

 Registered on:       10.04.2013

 Commercial Register: Local court 20355 Hamburg

 under:               HRB 127049

 

 Share capital:                          EUR            243,600.00

 

 Shareholder:

                      Lehmann & Co. GmbH

                      Böttgerstr. 14

                      D 20148 Hamburg

                      Legal form: Private limited company

                      Share capital:     EUR             33,000.00

                      Share:             EUR            237,600.00

                      Registered on: 26.04.1995

                      Reg. data: 20355 Hamburg, HRB 58401

 Shareholder:

                      Behnam Keyaniyan

                      Mittelweg 22c

                      D 20148 Hamburg

                      born: 26.06.1958

                      Share:             EUR              6,000.00

 Manager:

                      Behnam Keyaniyan

                      Mittelweg 22c

                      D 20148 Hamburg

                      having sole power of representation

                      born: 26.06.1958

                      Profession: Businessman

 

 Further functions/participations of Behnam Keyaniyan (Manager)

 Shareholder:

                      Lehmann & Co. GmbH

                      Böttgerstr. 14

                      D 20148 Hamburg

                      Legal form: Private limited company

                      Share capital:     EUR             33,000.00

                      Share:             EUR             28,000.00

                      Registered

                      on:         26.04.1995

                      Reg. data:  20355 Hamburg, HRB 58401

 Manager:

                      Lehmann & Co. GmbH

                      Böttgerstr. 14

                      D 20148 Hamburg

                      Legal form: Private limited company

                      Share capital:     EUR             33,000.00

                      Registered

                      on:         26.04.1995

                      Reg. data:  20355 Hamburg, HRB 58401

 

 

COMPANY HISTORY

 

 10.04.2013 - 20.10.2014  Keyaniyan Company GmbH

                          Schopenstehl 20

                          D 20095 Hamburg

                          Private limited company

 

 

BUSINESS ACTIVITIES

 

 Main industrial sector

 46389   Wholesale of food n.e.c.

 

Payment experience:  cash discount/within agreed terms

 

Negative information:We have no negative information at hand.

 

REAL ESTATE

 

 Type of ownership:   Tenant

 Address              Stadthausbrücke 7

                      D 20355 Hamburg

 

 Land register documents were not available.

 

 

BANKERS

 

 BANKHAUS LAMPE, 20003 HAMBURG

 Sort. code: 48020151

 BIC: LAMPDEDDXXX

 

 

FINANCIAL FIGURES

 

 Turnover:            2013/2014          EUR         26,961,217.00

 Profit:              2013/2014          EUR            398,512.00

 Equipment:                              EUR             52,252.00

 Ac/ts receivable:                       EUR          1,317,531.00

 Liabilities:                            EUR          4,358,169.00

 Employees:                                                      8

 

 

BALANCE SHEETS

 

 Balance sheet ratios 01.09.2013 - 31.08.2014

 Equity ratio [%]:                 31.72

 Liquidity ratio:                   0.42

 Return on total capital [%]:       8.09

 

 Balance sheet ratios 30.04.2013 - 31.08.2013

 Equity ratio [%]:                 99.01

 Liquidity ratio:                  10.00

 Return on total capital [%]:      -2.91

 

 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:      01.09.2013 - 31.08.2014

 

 ASSETS                                  EUR          5,223,636.31

  Fixed assets                           EUR            343,546.00

   Intangible assets                     EUR            291,294.00

    Concessions, licences, rights        EUR              6,302.00

    Goodwill                             EUR            284,992.00

   Tangible assets                       EUR             52,252.00

    Other tangible assets / fixtures and

    fittings                             EUR             52,252.00

  Current assets                         EUR          4,876,963.49

   Stocks                                EUR          3,548,494.96

    Finished goods / work in progress    EUR          3,475,030.36

    Advance payments made                EUR             73,464.60

   Accounts receivable                   EUR          1,317,531.31

    thereof total due from shareholders  EUR             10,100.00

    Trade debtors                        EUR          1,279,389.42

    Other debtors and assets             EUR             38,141.89

   Liquid means                          EUR             10,937.22

  Remaining other assets                 EUR              3,126.82

   Accruals (assets)                     EUR              3,126.82

 

 LIABILITIES                             EUR          5,223,636.31

  Shareholders' equity                   EUR            638,551.36

   Capital                               EUR            243,600.00

    Subscribed capital (share capital)   EUR            243,600.00

   Balance sheet profit/loss (+/-)       EUR            394,951.36

    Profit / loss brought forward        EUR             -3,560.24

    Annual surplus / annual deficit      EUR            398,511.60

  Provisions                             EUR            226,916.22

   Provisions for taxes                  EUR            188,436.22

   Other / unspecified provisions        EUR             38,480.00

  Liabilities                            EUR          4,358,168.73

   thereof total due to shareholders     EUR          1,220,000.00

   Financial debts                       EUR            580,519.66

    Liabilities due to banks             EUR            580,519.66

   Other liabilities                     EUR          3,777,649.07

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR          2,533,887.67

    Unspecified other liabilities        EUR          1,243,761.40

     thereof liabilities from tax /

     financial authorities               EUR              7,856.49

 

 PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.

 Code (HGB)

  Sales                                  EUR         26,961,216.78

  Other operating income                 EUR            105,785.67

  Cost of materials                      EUR         25,593,832.08

   Purchased services                    EUR         25,593,832.08

  Gross result (+/-)                     EUR          1,473,170.37

  Staff expenses                         EUR            419,395.83

   Wages and salaries                    EUR            375,791.12

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR             43,604.71

  Total depreciation                     EUR             35,446.16

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR             35,446.16

  Other operating expenses               EUR            349,025.05

  Operating result from continuing

  operations                             EUR            669,303.33

  Interest result (+/-)                  EUR            -82,031.51

   Interest and similar income           EUR                100.00

   Interest and similar expenses         EUR             82,131.51

  Financial result (+/-)                 EUR            -82,031.51

  Result from ordinary operations (+/-)  EUR            587,271.82

  Income tax / refund of income tax (+/-)EUR           -188,436.22

  Other taxes / refund of taxes          EUR               -324.00

  Tax (+/-)                              EUR           -188,760.22

  Annual surplus / annual deficit        EUR            398,511.60

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      30.04.2013 - 31.08.2013

 

 ASSETS                                  EUR            122,454.76

  Fixed assets                           EUR                919.00

   Tangible assets                       EUR                919.00

  Current assets                         EUR            121,535.76

   Accounts receivable                   EUR             10,177.65

   Liquid means                          EUR            111,358.11

 

 LIABILITIES                             EUR            122,454.76

  Shareholders' equity                   EUR            121,239.76

   Capital                               EUR            124,800.00

    Subscribed capital (share capital)   EUR            124,800.00

   Balance sheet profit/loss (+/-)       EUR             -3,560.24

    Annual surplus / annual deficit      EUR             -3,560.24

  Provisions                             EUR              1,215.00

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.85

UK Pound

1

Rs.97.01

Euro

1

Rs.77.62

 

 

INFORMATION DETAILS

 

Analysis Done by :

KAR

 

 

Report Prepared by :

TPT

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.