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Report No. : |
337632 |
|
Report Date : |
20.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
A.
NATTERMANN & CIE. GMBH |
|
|
|
|
Registered Office : |
Nattermannallee
1 D 50829 Köln |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
12.01.1906 |
|
|
|
|
Com. Reg. No.: |
HRB
1493 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employee : |
422 |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
Payment Behaviour : |
Regular |
|
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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, 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 5.2% in 2014. The new German government introduced
a minimum wage of about $11.60 (8.50 euros) 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%. The budget was essentially in
balance in 2014. 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. The German economy suffers
from low levels of investment, and a government plan to invest 15 billion euros
2016-18, largely in infrastructure, is intended to spur needed private
investment. 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 plans to replace nuclear power with renewable energy, which
accounted for 27.8% of gross electricity consumption in 2014, up from 9% in
2000. 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. Extremely low inflation, caused largely by low global
energy prices and a weak euro, are expected to boost German GDP growth in 2015.
|
Source
: CIA |
A.
NATTERMANN & CIE. GMBH
Company Status: active
Nattermannallee 1
D 50829 Köln
Telephone:0221/509-01
Telefax: 0221/509-2711
VAT no.: DE811160062
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 12.01.1906
Shareholders'
agreement: 15.09.1962
Registered on: 20.12.1962
Commercial Register: Local court 50939 Köln
under: HRB
1493
Share capital: EUR 10,226,000.00
Shareholder:
Sanofi-Aventis
Deutschland GmbH
Industriepark Höchst , K703
D 65926 Frankfurt
Legal form: Private
limited company
Share capital: EUR 6,169,600.00
Share: EUR 10,226,000.00
Registered on: 14.11.1995
Reg. data: 60313
Frankfurt, HRB 40661
Profit transfer agreement
Manager:
Hildegard Schleinitz
D 40210 Düsseldorf
having sole power of
representation
born: 12.11.1956
née: Friebus
Profession: Pharmacist
Proxy:
Walter Rixen
D 51371 Leverkusen
born: 19.11.1953
Profession: Businessman
Proxy:
Oliver Stüttgen
D 50968 Köln
born: 25.02.1964
Profession: Businessman
Marital status: unknown
Proxy:
Frank Biermann
D 50126 Bergheim
authorized to jointly
represent the company
born: 27.07.1955
Proxy:
Dr. Andrea Güllmann
D 50226 Frechen
born: 15.03.1957
Proxy:
Dr. Britta Willeke-Buck
D 45127 Essen
born: 01.07.1961
Profession: Businessman
Further
functions/participations of Hildegard Schleinitz
(Manager)
Manager:
Nattermann Verwaltungs
GmbH
Brüningstr. 50 , Gebäude
K 703
D 65929 Frankfurt
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 14.12.2012
Reg. data: 60313 Frankfurt, HRB 95390
12.01.1906 - 15.09.1962 Apotheker August Nattermann und Rudolf
Lappe
D 50829 Köln
Other legal form
15.09.1962 - 25.09.2002 A. Nattermann & Cie GmbH
Nattermannallee 1
D 50829 Köln
Private limited
company
Main
industrial sector
21200
Manufacture of pharmaceutical preparations
Secondary
industrial sector
46461
Wholesale of pharmaceutical goods
Shareholder:
Nattermann Verwaltungs
GmbH
Brüningstr. 50 , Gebäude
K 703
D 65929 Frankfurt
Legal form: Private limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 14.12.2012
Local court 60313
Frankfurt
HRB 95390
Payment
experience: Cash discount/within agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2013
Type of ownership: Proprietor
Share: 100.00 %
Address Nattermannallee
1
D 50829 Köln
Land register documents were not available.
Principal bank
DEUTSCHE BANK, 50587 KÖLN
Sort. code: 37070060
BIC: DEUTDEDKXXX
Turnover: 2013 EUR 108,339,093.00
Profit: 2013 EUR 55,631,967.00
Equipment: EUR 2,993,741.00
Ac/ts receivable: EUR 77,811,392.00
Liabilities: EUR 105,791,022.00
Employees:
422
Profit transfer agreement to:
Sanofi-Aventis
Deutschland GmbH
Industriepark
Höchst , K703
D 65926
Frankfurt
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 32.14
Liquidity ratio: 1.44
Return on total capital [%]: 27.02
Balance sheet grade: 2.0
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 39.45
Liquidity ratio: 5.27
Return on total capital [%]: 32.73
Balance sheet grade: 1.5
Balance sheet ratios 01.01.2011 -
31.12.2011
Equity ratio [%]: 37.79
Liquidity ratio: 6.64
Return on total capital [%]: 31.90
Balance sheet grade: 1.5
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 37.52
Liquidity ratio: 8.74
Return on total capital [%]: 39.58
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 213,264,444.50
Fixed assets EUR 121,823,828.36
Intangible assets EUR 182,301.72
Concessions, licences, rights EUR 79,189.00
Advance payments for intang. assets EUR
103,112.72
Tangible assets EUR 42,011,420.32
Land / similar rights EUR 11,425,041.94
Plant / machinery EUR 13,943,657.00
Other tangible assets / fixtures and
fittings EUR 2,993,740.91
Advance payments made / construction
in progress EUR 13,648,980.47
Financial assets EUR 79,630,106.32
Shares in participations /
subsidiaries and the like EUR 10,149,642.00
Shares in related companies EUR 10,149,642.00
Other / unspecified financial assets
EUR 69,480,464.32
Current assets EUR 91,255,224.01
Stocks EUR 13,436,194.41
Raw materials, consumables and
supplies EUR 8,304,703.41
Finished goods / work in progress EUR
5,131,491.00
Accounts receivable EUR 77,811,391.86
Amounts due from shareholders EUR 7,381,345.62
Amounts due from related companies EUR
67,986,596.98
Other debtors and assets EUR 2,443,449.26
Liquid means EUR 7,637.74
Remaining other assets EUR 185,392.13
Accruals (assets) EUR 42,903.56
Active difference from asset
offsetting EUR 142,488.57
LIABILITIES EUR 213,264,444.50
Shareholders' equity EUR 16,815,375.63
Capital EUR 10,226,000.00
Subscribed capital (share capital) EUR
10,226,000.00
Reserves EUR 6,589,375.63
Retained earnings / revenue reserves
EUR 6,589,375.63
Provisions EUR 90,658,047.06
Pension provisions and comparable
provisions EUR 86,526,952.00
Other / unspecified provisions EUR 4,131,095.06
Liabilities EUR 105,791,021.81
Other liabilities EUR 105,791,021.81
Trade creditors (for IAS incl. bills
of exchange) EUR 5,073,778.09
Liabilities due to shareholders EUR 56,732,723.38
Liabililties due to related
companiesEUR 42,932,867.22
Unspecified other liabilities EUR 1,051,653.12
thereof liabilities from tax /
financial authorities EUR 367,561.46
thereof liabilities from social
security EUR 490,834.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 108,339,092.59
Inventory change + own costs (+/-) EUR 1,436,703.00
Inventory change (+/-) EUR 1,436,703.00
Other operating income EUR 9,914,550.94
Cost of materials EUR
62,825,580.39
Raw materials and supplies, purchased
goods EUR 62,825,580.39
Gross result (+/-) EUR 56,864,766.14
Staff expenses EUR 28,354,049.88
Wages and salaries EUR 22,049,281.83
Social security contributions and
expenses for pension plans and
benefits EUR 6,304,768.05
Total depreciation EUR 4,811,680.97
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 4,811,680.97
Other operating expenses EUR 13,217,236.46
Operating result from continuing
operations EUR 10,481,798.83
Result from participating interests
(+/-) EUR 49,425,336.38
Expenses / income from participations
EUR 49,425,336.38
Income from transfer of profits EUR 49,425,336.38
Interest result (+/-) EUR -4,414,074.77
Interest and similar income EUR 12,774.01
thereof from related companies EUR
0.00
Interest and similar expenses EUR 4,426,848.78
thereof paid to related companies EUR 90,690.37
Other financial result EUR 1,064,343.77
Income from securities and loans from
financial assets EUR 1,064,343.77
Financial result (+/-) EUR 46,075,605.38
Result from ordinary operations (+/-) EUR
56,557,404.21
Expenses for transfer of profits to a
parent company EUR 55,631,967.27
Income tax / refund of income tax
(+/-)EUR -813,893.45
Other taxes / refund of taxes EUR -111,543.49
Tax (+/-) EUR -925,436.94
Annual surplus / annual deficit EUR 0.00
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 166,163,870.80
Fixed assets EUR 116,871,175.96
Intangible assets EUR 75,148.00
Concessions, licences, rights EUR 75,148.00
Tangible assets EUR 36,341,359.26
Land / similar rights EUR 11,280,918.52
Plant / machinery EUR 14,880,788.00
Other tangible assets / fixtures and
fittings EUR 3,132,305.06
Advance payments made / construction
in progress EUR 7,047,347.68
Financial assets EUR 80,454,668.70
Shares in participations /
subsidiaries and the like EUR 10,149,642.00
Shares in related companies EUR 10,149,642.00
Other / unspecified financial assets
EUR 70,305,026.70
Current assets EUR 49,060,052.64
Stocks EUR 12,184,911.81
Raw materials, consumables and
supplies EUR 8,490,123.81
Finished goods / work in progress EUR
3,694,788.00
Accounts receivable EUR 36,872,595.56
Amounts due from shareholders EUR 6,450,082.19
Amounts due from related companies EUR
28,644,777.31
Other debtors and assets EUR 1,777,736.06
Liquid means EUR 2,545.27
Remaining other assets EUR 232,642.20
Accruals (assets) EUR 53,575.98
Active difference from asset
offsetting EUR 179,066.22
LIABILITIES EUR 166,163,870.80
Shareholders' equity EUR 16,815,375.63
Capital EUR 10,226,000.00
Subscribed capital (share capital) EUR
10,226,000.00
Reserves EUR 6,589,375.63
Retained earnings / revenue reserves
EUR 6,589,375.63
Provisions EUR 90,926,099.43
Pension provisions and comparable
provisions EUR 86,999,817.00
Other / unspecified provisions EUR 3,926,282.43
Liabilities EUR 58,422,395.74
Other liabilities EUR 58,422,395.74
Trade creditors (for IAS incl. bills
of exchange) EUR 3,914,571.15
Liabilities due to shareholders EUR 52,646,293.42
Liabililties due to related
companiesEUR 552,794.00
Unspecified other liabilities EUR 1,308,737.17
thereof liabilities from tax /
financial authorities EUR 356,015.39
thereof liabilities from social
security EUR 510,941.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 135,437,138.28
Inventory change + own costs (+/-) EUR
-1,088,212.08
Inventory change (+/-) EUR -1,088,212.08
Other operating income EUR 9,112,262.95
Cost of materials EUR 52,992,847.57
Raw materials and supplies, purchased
goods EUR 52,992,847.57
Gross result (+/-) EUR 90,468,341.58
Staff expenses EUR 28,254,726.45
Wages and salaries EUR 21,726,978.17
Social security contributions and
expenses for pension plans and
benefits EUR 6,527,748.28
Total depreciation EUR 4,713,736.32
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 4,713,736.32
Other operating expenses EUR 11,583,759.36
Operating result from continuing
operations EUR 45,916,119.45
Interest result (+/-) EUR -4,459,360.68
Interest and similar income EUR 17,073.79
thereof from related companies EUR 11,945.79
Interest and similar expenses EUR 4,476,434.47
thereof paid to related companies EUR 66,629.18
Other financial result EUR 11,445,252.07
Income from securities and loans from
financial assets EUR 11,445,252.07
Financial result (+/-) EUR 6,985,891.39
Result from ordinary operations (+/-) EUR
52,902,010.84
Expenses for transfer of profits to a
parent company EUR 52,279,524.42
Income tax / refund of income tax
(+/-)EUR -512,530.54
Other taxes / refund of taxes EUR -109,955.88
Tax (+/-) EUR -622,486.42
Annual surplus / annual deficit EUR 0.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.25 |
|
|
1 |
Rs.102.25 |
|
Euro |
1 |
Rs.72.20 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SDA |
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.