|
Report Date : |
14.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
AUGUST FRIEDBERG GMBH |
|
|
|
|
Registered Office : |
Achternbergstr.
38a, D 45884 Gelsenkirchen, Post Box 10 08 43, D 45808 Gelsenkirchen |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
18.06.1997 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
·
Data
processing, hosting and related activities ·
Bookkeeping
(except data-processing services) |
|
|
|
|
No of Employees : |
59 |
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 |
AUGUST FRIEDBERG GMBH
Company Status: active
Achternbergstr. 38a
D 45884 Gelsenkirchen
Post Box:
10 08 43, D 45808 Gelsenkirchen
Telephone:0209/9132-0
Telefax: 0209/9132-178
Homepage: www.august-friedberg.de
E-mail:
info@august-friedberg.de
VAT
no.: DE189084013
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 18.06.1997
Shareholders'
agreement: 18.06.1997
Registered on: 10.09.1997
Commercial Register: Local court 45879
Gelsenkirchen
under: HRB 2384
Share capital: EUR 51,129.19
Shareholder:
Ingrid Brand-Friedberg
Wittener Str. 32
D 45884 Gelsenkirchen
born: 24.08.1947
née: Friedberg
Share: EUR 38,398.02
Shareholder:
Rolf-Dietrich Brand
Wittener Str. 32
D 45884 Gelsenkirchen
born: 19.07.1936
Share: EUR 12,731.17
Manager:
Ingrid Brand-Friedberg
Wittener Str. 32
D 45884 Gelsenkirchen
having sole power of
representation
born: 24.08.1947
née: Friedberg
Marital status: married
Manager:
Beatrix Brand
Wittener Str. 32
D 45884 Gelsenkirchen
having sole power of
representation
born: 03.07.1978
Profession: Businessman
Proxy:
Martin Jäger
D 45768 Marl
authorized to jointly
represent the company
born: 03.07.1955
Further functions/participations of Ingrid
Brand-Friedberg
(Manager)
Shareholder:
Friedberg
Produktionsgesellschaft mbH
Achternbergstr. 38a
D 45884
Gelsenkirchen
Post Box:
10 08 43, D 45808
Gelsenkirchen
Legal form: Private
limited company
Share capital: EUR 1,252,665.11
Share: EUR 1,252,665.11
Registered
on: 11.01.1933
Reg. data: 45879 Gelsenkirchen, HRB 91
Shareholder:
FORMTEIL- UND SCHRAUBENWERK
FINSTERWALDE
GMBH
An der Schraube 28
D 03238 Finsterwalde
Post Box:
12 25, D 03231
Finsterwalde
Legal form: Private limited
company
Share capital: EUR 1,687,263.20
Share: EUR 419,770.63
Registered
on: 19.08.1994
Reg. data: 03044 Cottbus, HRB 3465
Shareholder:
Prepart GmbH
Viehweg 12
D 35104 Lichtenfels
Legal form: Private
limited company
Share capital: EUR 25,564.60
Share: EUR 25,308.95
Registered
on: 07.09.2006
Reg. data: 34497 Korbach, HRB 1545
Shareholder:
Akkurat GmbH
An der Schraube 28
D 03238 Finsterwalde
Post Box:
12 25, D 03231
Finsterwalde
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 5,000.00
Registered
on: 22.03.2007
Reg. data: 03044 Cottbus, HRB 7733 CB
Manager:
Friedberg
Produktionsgesellschaft mbH
Achternbergstr. 38a
D 45884 Gelsenkirchen
Post Box:
10 08 43, D 45808
Gelsenkirchen
Legal form: Private
limited company
Share capital: EUR 1,252,665.11
Registered
on: 11.01.1933
Reg. data: 45879 Gelsenkirchen, HRB 91
Manager:
Prepart GmbH
Viehweg 12
D 35104 Lichtenfels
Legal form: Private
limited company
Share capital: EUR 25,564.60
Registered
on: 07.09.2006
Reg. data: 34497 Korbach, HRB 1545
Manager:
Industrie-Club
Gesellschaft mit beschränkter
Haftung
Zeppelinallee 51
D 45883 Gelsenkirchen
Post Box:
10 02 61, D 45802
Gelsenkirchen
Legal form: Private
limited company
Share capital: EUR 179,463.45
Registered
on: 02.09.1961
Reg. data: 45879 Gelsenkirchen, HRB 48
Further functions/participations of Beatrix
Brand (Manager)
Shareholder:
BB Global GmbH
Achternbergstr. 38a
D 45884 Gelsenkirchen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 23.08.2010
Reg. data: 45879 Gelsenkirchen, HRB 10607
Shareholder:
Akkurat GmbH
An der Schraube 28
D 03238 Finsterwalde
Post Box:
12 25, D 03231
Finsterwalde
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 5,000.00
Registered
on: 22.03.2007
Reg. data: 03044 Cottbus, HRB 7733 CB
Manager:
Prepart GmbH
Viehweg 12
D 35104 Lichtenfels
Legal form: Private
limited company
Share capital: EUR 25,564.60
Registered
on: 07.09.2006
Reg. data: 34497 Korbach, HRB 1545
Manager:
Akkurat GmbH
An der Schraube 28
D 03238 Finsterwalde
Post Box:
12 25, D 03231
Finsterwalde
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 22.03.2007
Reg. data: 03044 Cottbus, HRB 7733 CB
Manager:
BB Global GmbH
Achternbergstr. 38a
D 45884 Gelsenkirchen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 23.08.2010
Reg. data: 45879 Gelsenkirchen, HRB 10607
18.06.1997 - 07.1998 Friedberg Vertriebsgesellschaft mbH
Belforter Str. 63
D 45884 Gelsenkirchen
Private limited
company
08.1998 - 14.03.2002 Friedberg Vertriebsgesellschaft mbH
Achternbergstr. 8a
D 45884 Gelsenkirchen
Private limited
company
15.03.2002 - 18.04.2002 August Friedberg GmbH
Achternbergstr. 8a
D 45884 Gelsenkirchen
Private limited company
Main industrial sector
63110
Data processing, hosting and related activities
69204
Bookkeeping (except data-processing services)
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Type of ownership: Tenant
Address Achternbergstr. 38a
D 45884 Gelsenkirchen
Land register documents were not available.
Principal banks
COMMERZBANK, 45805 GELSENKIRCHEN
Sort. code: 42040040
BIC: COBADEFFXXX
WGZ
BANK, 48136 MÜNSTER, WESTF
Sort. code: 40060000
BIC: GENODEMSXXX
NATIONAL-BANK ESSEN, 45027 ESSEN, RUHR
Sort. code: 36020030
BIC: NBAGDE3EXXX
Turnover: 2013 EUR 5,500,000.00
Expected turnover: EUR
5,600,000.00
Profit: 2012 EUR 72,546.00
further business figures:
Ac/ts receivable: EUR
1,735,784.00
Liabilities: EUR 1,831,050.00
Employees:
59
-
thereof permanent staff:
51
-
Part-time employees:
3
-
Trainees:
5
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 9.07
Liquidity ratio: 0.97
Return on total capital [%]: 2.86
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 8.33
Liquidity ratio: 1.09
Return on total capital [%]: 4.54
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 2.05
Liquidity ratio: 1.03
Return on total capital [%]: 0.93
Balance
sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 2.92
Liquidity ratio: 1.30
Return on total capital [%]: -0.25
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 2,606,531.76
Fixed assets
EUR 808,423.80
Intangible assets
EUR 138,376.00
Tangible assets
EUR 287,058.00
Financial assets
EUR 382,989.80
Other / unspecified financial assets EUR 382,989.80
Current assets
EUR 1,798,107.96
Stocks
EUR 12,498.50
Accounts receivable
EUR 1,735,783.91
Liquid means
EUR 49,825.55
LIABILITIES EUR 2,606,531.76
Shareholders' equity
EUR 299,418.76
Capital
EUR 51,129.19
Subscribed capital (share capital)
EUR 51,129.19
Balance sheet profit/loss (+/-)
EUR 248,289.57
Profit / loss brought forward
EUR 175,744.04
Annual surplus / annual deficit
EUR 72,545.53
Provisions
EUR 476,062.62
Liabilities
EUR 1,831,050.38
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 2,136,028.22
Fixed assets
EUR 678,528.66
Intangible assets EUR 106,735.00
Other / unspecified intangible assetsEUR 106,735.00
Tangible assets
EUR 240,161.00
Other / unspecified tangible assets
EUR 240,161.00
Financial assets EUR 331,632.66
Other / unspecified financial assets EUR 331,632.66
Current assets
EUR 1,453,649.80
Stocks
EUR 2,018.15
Accounts
receivable EUR 1,260,650.45
Other debtors and assets
EUR 1,260,650.45
Liquid means
EUR 190,981.20
Remaining other assets
EUR 3,849.76
Accruals (assets)
EUR 3,849.76
LIABILITIES EUR 2,136,028.22
Shareholders' equity
EUR 226,873.23
Capital
EUR 51,129.19
Subscribed capital (share capital)
EUR 51,129.19
Balance sheet profit/loss (+/-)
EUR 175,744.04
Profit / loss brought forward
EUR 81,179.87
Annual surplus / annual deficit
EUR 94,564.17
Provisions
EUR 558,882.72
Liabilities
EUR 1,350,272.27
Other liabilities
EUR 1,350,272.27
Unspecified other liabilities
EUR 1,350,272.27
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.25 |
|
|
1 |
Rs.98.68 |
|
Euro |
1 |
Rs.77.60 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.