|
Report No. : |
314642 |
|
Report Date : |
03.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
HAMELN RDS GMBH |
|
|
|
|
Registered Office : |
Langes Feld 13,
D 31789 Hameln |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
14.05.2004 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
·
Manufacture of basic pharmaceutical products ·
Wholesale of pharmaceutical goods ·
Other research and experimental development on
natural sciences and engineering |
|
|
|
|
No. of Employees : |
42 |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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 |
HAMELN RDS GMBH
Company Status: active
Langes Feld 13
D 31789 Hameln
Telephone:05151/581-0
Telefax:
05151/581-258
Homepage: www.hameln-pharma.de
E-mail:
welcome@hameln-pharma.com
VAT
no.: DE814202993
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 14.05.2004
Shareholders'
agreement: 14.05.2004
Registered on: 25.11.2004
Commercial Register: Local court 30175
Hannover
under: HRB 102041
Share capital: EUR 30,000.00
Shareholder:
Siegfried Deutschland
Holding GmbH
Wallbrunnstr. 24
D 79539 Lörrach
Legal form: Private limited company
Share capital: EUR 1,789,521.58
Share: EUR 30,000.00
Registered on: 20.08.2001
Reg. data: 79098
Freiburg, HRB 630912
Manager:
Torsten Foerster
D 58135 Hagen
having sole power of
representation
born: 30.03.1965
Proxy:
Jens Huter
D 31789 Hameln
authorized to jointly
represent the company
born: 14.07.1969
Proxy:
Dr. Christian Liek
D 31860 Emmerthal
authorized to
jointly represent the company
born: 29.11.1973
Proxy:
Olaf Wegener
D 31848 Bad Münder
authorized to jointly
represent the company
born: 09.02.1965
Further functions/participations of Torsten
Foerster (Manager)
Manager:
hameln pharmaceuticals
gmbh.
Langes Feld 13
D 31789 Hameln
Legal form: Private
limited company
Share capital: EUR 750,000.00
Registered
on: 07.09.1959
Reg. data: 30175 Hannover, HRB 100015
14.05.2004
- 25.11.2004 Epsilon Fünfundzwanzigste
Vermögensverwaltungs
GmbH
Lüerstr. 10-12
D 30175 Hannover
Private limited
company
25.11.2004 - 23.04.2007 hameln pharma r & d gmbh
Langes Feld 13
D 31789 Hameln
Private limited
company
31.07.2012 - 07.01.2015 Manager
Wolf-Christian
Kanzelmeyer
D 31789 Hameln
11.01.2011 - 23.07.2012 Manager
Christoph Kerstein
D 31787 Hameln
Main industrial sector
2110 Manufacture of basic pharmaceutical
products
46461
Wholesale of pharmaceutical goods
72190
Other research and experimental development on natural sciences and
engineering
Secondary industrial sector
6420
Activities of holding companies
Foreign participation:
-hameln rds, a.s. in Modra, Slovakia
Payment experience: within agreed terms
Negative information: We have no negative
information at hand.
Type of ownership: Tenant
Address Langes Feld 13
D 31789 Hameln
Land register documents were not available.
A
bank connection is unknown.
Gross profit or loss:2013 EUR
4,613,592.00
Profit: 2013 EUR
103,877.00
Ac/ts receivable: EUR 2,073,932.00
Liabilities: EUR 8,389,777.00
Employees:
42
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 67.88
Liquidity ratio: 0.92
Return on total capital [%]: 1.14
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 0.40
Liquidity ratio: 0.20
Return on total capital [%]: 3.54
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 9,099,278.34
Fixed assets EUR 5,928,627.00
Tangible assets EUR 28,560.00
Financial assets EUR 5,900,067.00
Other / unspecified financial assets
EUR 5,900,067.00
Current assets EUR 3,169,651.34
Stocks EUR 1,094,401.73
Accounts receivable EUR 2,073,931.81
Amounts due from related companies EUR 400,659.20
Other debtors and assets EUR 1,673,272.61
Liquid means
EUR 1,317.80
Difference assets / liabilities EUR 1,000.00
LIABILITIES EUR 9,099,278.34
Shareholders' equity EUR 40,401.57
Capital EUR 30,000.00
Subscribed capital (share capital) EUR 30,000.00
Reserves EUR 4,429.89
Capital reserves EUR 4,429.89
Balance sheet profit/loss (+/-) EUR 5,971.68
Balance sheet profit / loss EUR 5,971.68
Provisions EUR 669,100.00
Liabilities EUR 8,389,776.77
Financial debts EUR 83,215.05
Liabilities due to banks EUR 83,215.05
Other liabilities EUR 8,306,561.72
Liabililties due to related companiesEUR 7,085,781.71
Unspecified other liabilities EUR 1,220,780.01
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Gross result (+/-) EUR 4,613,592.36
Staff expenses EUR 1,940,005.98
Wages and salaries EUR 1,653,012.09
Social security contributions and
expenses for pension plans and
benefits EUR 286,993.89
Total depreciation EUR 11,644.11
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 11,644.11
Other operating expenses EUR 2,170,883.44
Operating result from continuing
operations EUR 491,058.83
Interest result (+/-) EUR -386,291.65
Interest and similar income EUR 63.16
Interest and similar expenses EUR 386,354.81
Financial result (+/-) EUR -386,291.65
Result from ordinary operations (+/-) EUR
104,767.18
Expenses for transfer of profits to a
parent company EUR 103,695.18
Other taxes / refund of taxes EUR -890.00
Tax (+/-) EUR -890.00
Annual surplus / annual deficit EUR 182.00
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 10,023,850.39
Fixed assets EUR 5,940,271.11
Tangible assets EUR 40,204.11
Financial assets EUR 5,900,067.00
Other / unspecified financial assets
EUR 5,900,067.00
Current assets EUR 4,083,579.28
Stocks EUR 2,134,955.51
Accounts receivable EUR 1,947,106.47
Amounts due from related companies EUR 365,813.20
Other debtors and assets EUR 1,581,293.27
Liquid means EUR 1,517.30
LIABILITIES EUR 10,023,850.39
Shareholders' equity EUR 40,401.57
Capital EUR 30,000.00
Subscribed capital (share capital) EUR 30,000.00
Reserves EUR 4,429.89
Capital reserves EUR 4,429.89
Balance sheet profit/loss (+/-) EUR 5,971.68
Balance sheet profit / loss EUR 5,971.68
Provisions EUR 228,000.00
Liabilities EUR 9,755,488.82
Financial debts EUR 70,623.60
Liabilities due to banks EUR 70,623.60
Other liabilities EUR 9,684,865.22
Liabililties due to related
companiesEUR 7,479,245.28
Unspecified other liabilities EUR 2,205,619.94
Difference assets / liabilities EUR -40.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Gross result (+/-) EUR 4,661,338.15
Staff expenses EUR 1,989,961.90
Wages and salaries EUR 1,694,916.92
Social security contributions and
expenses for pension plans and
benefits EUR 295,044.98
Total depreciation EUR 18,549.54
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 18,549.54
Other operating expenses EUR 1,871,456.38
Operating result from continuing
operations EUR 781,370.33
Interest result (+/-) EUR -425,254.77
Interest and similar income EUR 0.11
Interest and similar expenses EUR 425,254.88
Financial result (+/-) EUR -425,254.77
Result from ordinary operations (+/-) EUR
356,115.56
Expenses for transfer of profits to a
parent company EUR 354,921.56
Other taxes / refund of taxes EUR -1,194.00
Tax (+/-) EUR -1,194.00
Annual surplus / annual deficit EUR 0.00
Inconsistent balance sheets:
Financial year published on
01.01.2011 - 31.12.2011 14.02.2013
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.59 |
|
|
1 |
Rs.92.46 |
|
Euro |
1 |
Rs.67.51 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.