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Report Date : |
07.10.2014 |
IDENTIFICATION DETAILS
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Name : |
AZO LIQUIDS GMBH |
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Registered Office : |
Gottlieb-Daimler-Str.4 D 79395 Neuenburg |
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Country : |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
06.08.2008 |
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Com. Reg. No.: |
HRB 702714 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturer of Other General Purpose Machinery n.e.c. |
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No. of Employees : |
28 |
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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
AZO LIQUIDS GmbH
Company Status: active
Gottlieb-Daimler-Str. 4
D
79395 Neuenburg
Telephone:07631/9739-0
Telefax: 07631/9739-401
Homepage: www.azo-liquids.de
E-mail: azo-liquids@azo.com
DE261545265
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 06.08.2008
Shareholders'
agreement: 06.08.2008
Registered on: 27.08.2008
Commercial Register: Local court 79098 Freiburg
under: HRB
702714
EUR 100,000.00
AZO
Holding GmbH
Rosenberger Str. 28
D
74706 Osterburken
Legal form: Private limited
company
Share
capital: EUR 1,860,000.00
Share: EUR 100,000.00
Registered on: 19.02.1987
Reg. data: 68159 Mannheim, HRB 450049
Manager:
Robert
Zimmermann
Am
Steinmäuerlein 20
D
74706 Osterburken
having
sole power of representation
born:
09.06.1951
Profession: graduate engineer
Marital status: married
Manager:
Patrick Weisser
Hebelstr. 41
D
79379 Müllheim
having sole power of representation
born:
27.08.1971
Further functions/participations of Robert
Zimmermann (Manager)
Limited partner:
AZO
GmbH & Co. KG
Rosenberger Str. 28
D 74706 Osterburken
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 1,500,000.00
contribution:
Share: EUR 22,500.00
Registered
on: 19.02.1987
Reg.
data: 68159 Mannheim, HRA 450086
Manager:
AZO
Holding GmbH
Rosenberger Str. 28
D
74706 Osterburken
Legal
form: Private limited company
Share
capital: EUR 1,860,000.00
Registered
on: 19.02.1987
Reg.
data: 68159 Mannheim, HRB 450049
Manager:
AZO
Beteiligungs GmbH
Rosenberger Str. 28
D
74706 Osterburken
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 03.09.2003
Reg.
data: 68159 Mannheim, HRB 450261
Manager:
AH Grundstücksverwaltungs GmbH
Gottlieb-Daimler-Str. 4
D
79395 Neuenburg
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 01.10.2008
Reg.
data: 79098 Freiburg, HRB 702802
27.08.2008 -
04.10.2013 ZOATEC GmbH
Gottlieb-Daimler-Str. 4
D 79395 Neuenburg
Private limited company
Main industrial sector
2829 Manufacture of other general-purpose
machinery n.e.c.
Payment experience: within periods customary in this trade
Negative information:We
have no negative information at hand.
Balance sheet year: 2013
Type of ownership: Tenant
Address Gottlieb-Daimler-Str.
4
D 79395 Neuenburg
Land register documents
were not available.
SPARKASSE
NECKARTAL-ODENWALD, 74819 MOSBACH, BADEN
Sort. code: 67450048,
Account no.: 4368304
BIC: SOLADES1MOS, IBAN:
DE86674500480004368304
LANDESBANK
BADEN-WÜRTTEMBERG/BADEN-WÜRTTEMBERGISCHE BANK, 70144
STUTTGART
Sort. code: 60050101,
Account no.: 4266400
BIC: SOLADEST600, IBAN:
DE92600501010004266400
Turnover: 2012 EUR 3,350,000.00
2013 *EUR 3,360,000.00
Expected turnover: EUR 3,370,000.00
further business figures:
Equipment: *EUR 224,000.00
Ac/ts receivable: EUR 5,672,264.00
Liabilities:
EUR 22,995,679.00
Employees:
28
The business figures marked
with an asterisk are estimates based on average values in the line of business.
Balance sheet ratios
01.01.2013 - 31.12.2013
Equity ratio [%]: 6.40
Liquidity ratio: 2.13
Balance sheet ratios
01.01.2012 - 31.12.2012
Equity ratio [%]: -139.58
Liquidity ratio: 0.26
Return on total capital
[%]: -69.00
Balance sheet ratios
01.01.2011 - 31.12.2011
Equity ratio [%]: -14.74
Liquidity ratio: 0.24
Return on total capital
[%]: -15.28
Balance sheet ratios
01.01.2010 - 31.12.2010
Equity ratio [%]: -18.69
Liquidity ratio: 0.14
Return on total capital
[%]: -5.24
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: 01.01.2013 - 31.12.2013
ASSETS EUR 26,766,312.55
Fixed assets
EUR 268,768.43
Intangible assets
EUR 17,730.47
Tangible assets
EUR 251,037.96
Current assets
EUR 26,006,494.12
Stocks
EUR 0.00
Received advance payments for orders
(depreciated on the assets side)
EUR -2,887,778.12
Accounts receivable
EUR 5,672,263.98
Liquid means
EUR 20,334,230.14
Remaining other assets
EUR 491,050.00
Accruals (assets)
EUR 2,050.00
Deferred taxes (assets)
EUR 489,000.00
LIABILITIES EUR 26,766,312.55
Shareholders' equity
EUR 2,179,383.36
Capital
EUR 100,000.00
Subscribed capital (share capital)
EUR 100,000.00
Reserves
EUR 2,079,383.36
Capital reserves
EUR 2,000,000.00
Retained earnings / revenue reserves EUR 79,383.36
Provisions EUR 1,591,249.92
Liabilities
EUR 22,995,679.27
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 6,835,848.79
Fixed assets
EUR 245,137.92
Intangible assets
EUR 1,678.09
Tangible assets
EUR 243,459.83
Current assets EUR 2,594,337.08
Stocks
EUR 534,700.69
Accounts receivable
EUR 1,578,588.15
Liquid means
EUR 481,048.24
Remaining other assets
EUR 3,996,373.79
Accruals (assets)
EUR 14,585.28
Deferred taxes (assets)
EUR 530,000.00
Deficit not covered by shareholders'
equity EUR 3,451,788.51
LIABILITIES EUR 6,835,848.79
Shareholders' equity
EUR 0.00
Capital
EUR 100,000.00
Subscribed capital (share capital)
EUR 100,000.00
Reserves
EUR 2,000,000.00
Capital reserves
EUR 2,000,000.00
Balance sheet profit/loss (+/-)
EUR -5,551,788.51
Profit / loss brought forward
EUR -3,583,207.37
Annual surplus / annual deficit
EUR -1,968,581.14
Other shareholders' equity (+/-)
EUR 3,451,788.51
Deficit not covered by shareholders'
equity EUR 3,451,788.51
Provisions
EUR 171,324.35
Liabilities
EUR 6,664,524.44
Other liabilities
EUR 0.00
Unspecified other liabilities
EUR 0.00
thereof liabilities from tax /
financial authorities
EUR 27,308.30
thereof liabilities from social
security
EUR 4,713.49
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.75 |
|
|
1 |
Rs.100.07 |
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Euro |
1 |
Rs.77.95 |
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 |
|
|
<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.