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Report No. : |
316026 |
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Report Date : |
11.04.2015 |
IDENTIFICATION DETAILS
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Name : |
FLAVEX
NATUREXTRAKTE GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG |
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Registered Office : |
Nordstr.
7, D 66780 Rehlingen-Siersburg, Post Box: 1140, D 66775 Rehlingen-Siersburg |
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Country : |
Germany |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
14.03.1986 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacture of Pharmaceutical
Preparations |
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No. of Employees : |
50 |
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.
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 |
FLAVEX NATUREXTRAKTE GESELLSCHAFT MIT
BESCHRÄNKTER HAFTUNG
Company Status: active
Nordstr. 7
D 66780 Rehlingen-Siersburg
Post Box:
1140, D 66775 Rehlingen-Siersburg
Telephone:06835/9195-0
Telefax:
06835/9195-95
Homepage: www.flavex.com
E-mail:
info@flavex.com
VAT
no.: DE233684402
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 14.03.1986
Shareholders'
agreement: 14.03.1986
Registered on: 17.04.1986
Commercial Register: Local court 66121
Saarbrücken
under: HRB 24579
Share capital: EUR 25,564.59
Shareholder:
Dr. Karl-Werner Quirin
Haustadter-Tal-Str. 52
D 66701 Beckingen
born: 12.07.1952
Share: EUR 12,782.30
Shareholder:
Dr. Dieter Gerard
Königstr. 2a
D 66780
Rehlingen-Siersburg
born: 1954
Share: EUR 12,782.30
Manager:
Dr. Karl-Werner Quirin
Haustadter-Tal-Str. 52
D 66701 Beckingen
having sole power of
representation
born: 12.07.1952
Profession: Fully
qualified chemist
Marital status: married
Manager:
Dr. Dieter Gerard
Königstr. 2a
D 66780
Rehlingen-Siersburg
having sole power of
representation
born: 1954
Profession: Fully
qualified chemist
Marital status: married
Further functions/participations of Dr.
Karl-Werner Quirin
(Manager)
General partner:
Dr. Karl-Werner Quirin
und Dr. Dieter Gerard
Nordstr. 7
D 66780
Rehlingen-Siersburg
Legal form: Partnership
under the Civil Code
Further
functions/participations of Dr. Dieter Gerard (Manager)
General partner:
Dr. Karl-Werner Quirin
und Dr. Dieter Gerard
Nordstr. 7
D 66780
Rehlingen-Siersburg
Legal form: Partnership
under the Civil Code
Main industrial sector
21200
Manufacture of pharmaceutical preparations
Secondary industrial sector
6420
Activities of holding companies
Shareholder:
TERRA NOSTRA Produkte
mit Naturextrakten
GmbH
Alemannenstr. 5
D 85290 Geisenfeld
Legal form: Private
limited company
Company Status: active
Share capital: EUR 200,000.00
Share: EUR 66,000.00
Reg. data: 03.11.1992
Local court
85049 Ingolstadt
HRB 1453
Payment experience: within periods customary in this trade
Negative information: We have no negative
information at hand.
Type of ownership: Tenant
Address Nordstr. 7
D 66780
Rehlingen-Siersburg
Real Estate of: Dr. Karl-Werner Quirin
Type of ownership: proprietor
Share: 100.00 %
Address Haustadter-Tal-Str. 52
D 66701 Beckingen
Real Estate of: Dr. Dieter Gerard
Type of ownership: proprietor
Share: 100.00 %
Address Königstr. 2 a
D 66780
Rehlingen-Siersburg
Real Estate of: Dr. Karl-Werner Quirin
Type of ownership: proprietor
Share: 100.00 %
Address Haustadter-Tal-Str. 52
D 66701 Beckingen
Real Estate of: Dr. Dieter Gerard
Type of ownership: proprietor
Share: 100.00 %
Address Königstr. 2 a
D 66780
Rehlingen-Siersburg
Land register documents were not available.
Principal bank
KREISSPARKASSE SAARLOUIS, 66717 SAARLOUIS
Sort. code: 59350110
BIC: KRSADE55XXX
Further bank
POSTBANK, 66107 SAARBRÜCKEN
Sort. code: 59010066
BIC: PBNKDEFFXXX
FINANCIAL FIGURES
Turnover: 2014 *EUR 9,500,000.00
Equipment: *EUR 300,000.00
Ac/ts receivable: EUR 2,116,152.00
Liabilities: EUR 1,313,279.00
Employees:
50
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 [%]: 74.41
Liquidity ratio: 2.65
Return on total capital [%]: 8.19
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 72.39
Liquidity ratio: 8.63
Return on total capital [%]: 10.28
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 80.03
Liquidity ratio: 10.00
Return on total capital [%]: 12.46
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 71.34
Liquidity ratio: 10.00
Return on total capital [%]: 8.31
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 8,205,012.74
Fixed assets
EUR 1,941,358.64
Intangible assets
EUR 2,973.50
Tangible assets
EUR 1,697,790.32
Financial assets
EUR 240,594.82
Other / unspecified financial assets EUR 240,594.82
Current assets
EUR 6,220,857.95
Stocks
EUR 4,058,917.40
Accounts receivable
EUR 2,116,152.03
Liquid means
EUR 45,788.52
Remaining other assets
EUR 42,796.15
Accruals (assets) EUR 42,796.15
LIABILITIES EUR 8,205,012.74
Shareholders' equity
EUR 5,636,534.46
Capital
EUR 25,564.59
Subscribed capital (share capital)
EUR 25,564.59
Balance sheet profit/loss (+/-)
EUR 5,610,969.87
Balance sheet profit / loss
EUR 5,610,969.87
Provisions
EUR 1,255,198.88
Liabilities EUR 1,313,279.40
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 6,929,842.96
Fixed assets EUR 1,958,689.04
Intangible assets
EUR 6,979.00
Tangible assets
EUR 1,720,389.69
Financial assets
EUR 231,320.35
Other
/ unspecified financial assets EUR
231,320.35
Current assets
EUR 4,888,223.64
Stocks
EUR 2,172,784.62
Accounts receivable
EUR 2,239,946.36
Liquid means
EUR 475,492.66
Remaining other assets
EUR 82,930.28
Accruals (assets)
EUR 82,930.28
LIABILITIES EUR 6,929,842.96
Shareholders' equity
EUR 4,964,954.14
Capital
EUR 25,564.59
Subscribed capital (share capital)
EUR 25,564.59
Balance sheet profit/loss (+/-)
EUR 4,939,389.55
Balance sheet profit / loss
EUR 4,939,389.55
Provisions
EUR 1,177,347.72
Liabilities
EUR 787,541.10
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.62.36 |
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|
1 |
Rs.91.60 |
|
Euro |
1 |
Rs.66.49 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
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Report Prepared
by : |
TPT |
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 |
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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.