|
Report No. : |
353025 |
|
Report Date : |
10.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
CSM DEUTSCHLAND GMBH |
|
|
|
|
Registered Office : |
Theodor-Heuss-Allee 8, D 28215 Bremen,
Post Box: 10 78 69, Bremen |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
21.11.1997 |
|
|
|
|
Com. Reg. No.: |
HRB 20780 HB |
|
|
|
|
Legal Form : |
Private Limited Company |
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|
|
|
Line of Business : |
·
Manufacture of margarine and similar
edible fats ·
Manufacture of other food products. |
|
|
|
|
No. of Employees : |
1,090 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
660,000 EUR |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow but correct |
|
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 |
CSM DEUTSCHLAND GMBH
Company Status: active
Theodor-Heuss-Allee 8
D 28215 Bremen
Post Box:
10
78 69, Bremen
Telephone:0421/35020
Telefax:
0421/3502355
Homepage: www.csmbakerysolutions.com
E-mail:
info.deutschland@csmbakerysolutions.com
VAT
no.: DE200562887
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 21.11.1997
Shareholders'
agreement: 21.11.1997
Registered on: 27.03.2002
Commercial Register: Local court 28195 Bremen
under: HRB 20780 HB
Share capital: EUR 90,000.00
Shareholder:
CSM Holdinggesellschaft
mbH
Mainzer Str. 152-160
D 55411 Bingen
Legal form: Private
limited company
Share capital: EUR
3,001,000.00
Share: EUR 90,000.00
Registered on: 14.03.2000
Reg. data: 55116 Mainz,
HRB 23063
Control and profit
transfer agreement
Manager:
Frans G. Theeuwes
D 68526 Ladenburg
born: 26.07.1968
Manager:
Holger Eckmanns
D 89250 Senden
born: 02.09.1963
Manager:
Thomas Tanck
D 65033 Wiesbaden
born: 21.03.1963
President of the Supervisory Board:
Maarten Dirk Bok
NL Hoorn
Nationality: Dutch
Marital status: unknown
Vice-president of the Supervisory Board:
Werner Härter
Hauptstr. 35
D 56290 Beltheim
Member of the Supervisory Board:
Dorus Landweer
NL 1107 Amsterdam
Nationality: Dutch
Marital status:
unknown
Proxy:
Thomas Pußkeiler
Habsburgerstr. 9
D 86836 Untermeitingen
authorized to jointly
represent the company
born: 07.11.1965
Profession: Businessman
Marital status: married
Proxy:
Andreas Witte
D 27777 Ganderkesee
authorized to jointly
represent the company
born: 24.02.1963
Proxy:
Helmut Gerber
D 30938 Burgwedel
authorized to jointly
represent the company
born: 12.09.1959
Proxy:
Manfred Laukamp
D 55218 Ingelheim
authorized to jointly
represent the company
born: 04.01.1967
Marital status: unknown
Proxy:
Björn Quakernack
D 28832 Achim
authorized to jointly
represent the company
born: 12.02.1972
Proxy:
Leonardo Rava
I Soresino
authorized to jointly
represent the company
born: 22.03.1969
Nationality: Italian
Further functions/participations of Frans G.
Theeuwes (Manager)
Manager:
CSM Holdinggesellschaft
mbH
Mainzer Str. 152-160
D 55411 Bingen
Legal form: Private
limited company
Share capital: EUR 3,001,000.00
Registered
on: 14.03.2000
Reg. data: 55116 Mainz, HRB 23063
Manager:
The Creative Food People
GmbH
Theodor-Heuss-Allee 8
D 28215 Bremen
Legal form: Private
limited company
Share capital: EUR 153,400.00
Registered
on: 04.10.2004
Reg. data: 28195 Bremen, HRB 22362 HB
Manager:
CSM Bakery Solutions GmbH
Mainzer Str. 152-160
D 55411 Bingen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 13.05.2013
Reg. data: 80333 München, HRB 205162
Manager:
CSM Produktion GmbH
Theodor-Heuss-Allee 8
D 28215 Bremen
Legal form: Private limited
company
Share capital: EUR 25,000.00
Registered
on: 24.02.2014
Reg. data: 28195 Bremen, HRB 29308 HB
Further functions/participations of Holger
Eckmanns (Manager)
Manager:
CSM Produktion GmbH
Theodor-Heuss-Allee 8
D 28215 Bremen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 24.02.2014
Reg. data: 28195 Bremen, HRB 29308 HB
Further functions/participations of Thomas Tanck
(Manager)
Manager:
CSM Holdinggesellschaft
mbH
Mainzer Str. 152-160
D 55411 Bingen
Legal form: Private
limited company
Share capital: EUR 3,001,000.00
Registered
on: 14.03.2000
Reg. data: 55116 Mainz, HRB 23063
Manager:
The Creative Food People
GmbH
Theodor-Heuss-Allee 8
D 28215 Bremen
Legal form: Private
limited company
Share capital: EUR 153,400.00
Registered
on: 04.10.2004
Reg. data: 28195 Bremen, HRB 22362 HB
Manager:
CSM Bakery Solutions GmbH
Mainzer Str. 152-160
D 55411 Bingen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 13.05.2013
Reg. data: 80333 München, HRB 205162
Manager:
"Goliath"
Dreiundsechzigste Beteiligungs-
und
Verwaltungsgesellschaft mbH
Mainzer Str. 152-160
D 55411 Bingen
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 15.06.1998
Reg. data: 55116 Mainz, HRB 22912
Manager:
CSM Produktion GmbH
Theodor-Heuss-Allee 8
D 28215 Bremen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 24.02.2014
Reg. data:
28195 Bremen, HRB 29308 HB
29.05.1998 - 10.10.2001 BIB Bakery Ingredients Business GmbH
Mainzer Str.
D 55411 Bingen
Private limited
company
10.10.2001
- 27.03.2002 BakeMark Deutschland GmbH
Mainzer Str. 152-160
D 55411 Bingen
Private limited
company
27.03.2002 - 28.12.2009 BakeMark Deutschland GmbH
Theodor-Heuss-Allee 8
D 28215 Bremen
Private limited
company
09.06.2010 - 16.03.2015 Manager
Bas Luten
NL ES Kockengen
Main industrial sector
10420
Manufacture of margarine and similar edible fats
10890
Manufacture of other food products n.e.c.
Works:
CSM Deutschland GmbH
Bremer Feld 1-4
D 27749 Delmenhorst
TEL.: 04221/159-0
Branch:
CSM Deutschland GmbH
Hausener Str. 22 OT
Gerlenhofen
D 89233 Neu-Ulm
TEL.: 07307/9440
FAX.: 07307/944369
Branch:
CSM Deutschland GmbH
Mainzer Str. 152-160
D 55411 Bingen
TEL.: 06721/790-0
Payment experience: within periods customary in this trade
Negative information:We have no negative
information at hand.
Maximum credit: 660,000 EUR
Balance sheet year: 2014
PMI: No significant / relevant
payment experience
information pertaining to
the company
inquired upon is shown in
the Deutscher
Debitoren Monitor
(DDMonitor).
Type of ownership: Tenant
Address Theodor-Heuss-Allee 8
D 28215 Bremen
Land register documents were not available.
DEUTSCHE BANK, 28189 BREMEN
Sort. code: 29070050, Account no.: 244140000
BIC: DEUTDEHBXXX, IBAN: DE80290700500244140000
Turnover: 2013 EUR 393,271,071.00
2014 EUR 386,463,801.00
Profit: 2013 EUR -4,269,256.00
2014 EUR -433,620.00
further business figures:
Equipment: EUR 3,220,922.00
Ac/ts receivable: EUR 129,568,313.00
Liabilities: EUR 50,196,047.00
Real
estate of the firm:
EUR 424,622.00
Employees:
1,090
Control and profit transfer agreement to:
CSM Holdinggesellschaft
mbH
Mainzer Str. 152-160
D 55411 Bingen
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: -47.75
Liquidity ratio: 0.79
Return on total capital [%]: -0.42
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: -55.20
Liquidity ratio: 0.77
Return on total capital [%]: -2.51
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: -47.32
Liquidity ratio: 0.87
Return on total capital [%]: -12.74
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: -34.53
Liquidity ratio: 0.84
Return on total capital [%]: -2.47
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
Origin of the present
balance
sheet: self-disclosure
Financial year: 01.01.2014 - 31.12.2014
ASSETS EUR 202,464,040.23
Fixed assets
EUR 36,190,643.77
Intangible assets EUR
9,572,289.48
Concessions, licences, rights
EUR 239,819.48
Goodwill
EUR 9,332,470.00
Tangible assets
EUR 26,613,526.22
Land / similar rights
EUR 424,622.00
Plant / machinery
EUR 12,086,953.00
Other tangible assets / fixtures and
fittings
EUR 3,220,922.00
Advance
payments made / construction
in progress
EUR 10,881,029.22
Financial assets
EUR 4,828.07
Other loans
EUR 4,828.07
Current assets EUR 165,923,486.11
Stocks
EUR 36,253,202.17
Raw materials, consumables and
supplies
EUR 12,842,351.24
Finished goods / work in progress EUR
23,406,715.33
Advance payments made
EUR 4,135.60
Accounts receivable
EUR 129,568,312.63
Amounts due from shareholders
EUR 90,130,434.33
Trade debtors EUR 30,491,342.82
Amounts due from related companies
EUR 7,870,510.55
Other debtors and assets
EUR 1,076,024.93
Liquid means
EUR 101,971.31
Remaining other assets
EUR 349,910.35
Accruals (assets)
EUR 349,910.35
LIABILITIES EUR 202,464,040.23
Shareholders' equity
EUR 50,216,124.67
Capital EUR 90,000.00
Subscribed capital (share capital)
EUR 90,000.00
Reserves
EUR 50,126,124.67
Capital reserves
EUR 50,000,000.00
Retained earnings / revenue reserves EUR 126,124.67
Provisions
EUR 102,051,868.69
Pension provisions and comparable
provisions
EUR 79,866,257.76
Other
/ unspecified provisions EUR 22,185,610.93
Liabilities
EUR 50,196,046.87
Other liabilities
EUR 50,196,046.87
Trade creditors (for IAS incl. bills
of exchange) EUR 42,461,184.88
Liabilities due to shareholders
EUR 58,715.30
Liabililties due to related companiesEUR 6,284,202.56
Unspecified other liabilities
EUR 1,391,944.13
thereof
liabilities from tax /
financial authorities
EUR 888,470.81
thereof liabilities from social
security
EUR 34,176.77
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 386,463,801.11
Inventory change + own costs (+/-)
EUR -477,129.82
Inventory change (+/-)
EUR -477,129.82
Other operating income EUR 24,057,350.73
Cost of materials
EUR 228,387,250.17
Raw materials and supplies, purchased
goods
EUR 225,140,126.90
Purchased services
EUR 3,247,123.27
Gross result (+/-)
EUR 181,656,771.85
Staff expenses
EUR 71,154,635.56
Wages and salaries
EUR 56,718,629.58
Social security contributions and
expenses for pension plans and
benefits
EUR 14,436,005.98
Total depreciation
EUR 16,659,336.56
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 16,659,336.56
Other operating expenses
EUR 87,355,912.70
Operating result from continuing
operations
EUR 6,486,887.03
Interest result (+/-)
EUR -4,723,251.72
Interest and similar income
EUR 46,908.61
thereof from related companies
EUR 42,523.65
Interest and similar expenses
EUR 4,770,160.33
thereof paid to related companies
EUR 259,352.93
Financial result (+/-)
EUR -4,723,251.72
Result from ordinary operations (+/-)
EUR 1,763,635.31
Extraordinary result (+/-)
EUR -1,895,411.00
Income from assumption of loss by
parent company
EUR 433,620.43
Other taxes / refund of taxes
EUR -301,844.74
Tax
(+/-)
EUR -301,844.74
Annual surplus / annual deficit
EUR 0.00
Type
of balance
sheet: Company balance sheet
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2013 - 31.12.2013
ASSETS EUR 197,019,905.77
Fixed assets
EUR 44,195,907.90
Intangible assets
EUR 22,140,073.23
Concessions, licences, rights
EUR 364,308.23
Goodwill
EUR 21,775,765.00
Tangible assets
EUR 22,049,134.91
Land / similar rights
EUR 3,255,751.00
Plant / machinery
EUR 14,541,019.00
Other tangible assets / fixtures and
fittings
EUR 3,565,710.00
Advance payments made / construction
in progress
EUR 686,654.91
Financial assets EUR 6,699.76
Other loans
EUR 6,699.76
Current assets
EUR 152,499,969.70
Stocks
EUR 35,563,815.37
Raw materials, consumables and
supplies
EUR 11,917,109.78
Finished goods / work in progress
EUR 23,646,705.59
Accounts receivable
EUR 116,510,707.44
Amounts due from shareholders
EUR 80,680,403.15
Trade debtors
EUR 29,809,204.84
Amounts due from related companies
EUR 5,051,495.30
Other debtors and assets
EUR 969,604.15
Liquid means EUR 425,446.89
Remaining other assets
EUR 324,028.17
Accruals (assets)
EUR 324,028.17
LIABILITIES EUR 197,019,905.77
Shareholders'
equity EUR 50,216,124.67
Capital
EUR 90,000.00
Subscribed capital (share capital)
EUR 90,000.00
Reserves
EUR 50,126,124.67
Capital reserves
EUR 50,000,000.00
Retained earnings / revenue reserves EUR 126,124.67
Provisions
EUR 99,525,820.40
Pension provisions and comparable
provisions
EUR 74,881,601.18
Other / unspecified provisions
EUR 24,644,219.22
Liabilities
EUR 47,277,960.70
Other liabilities
EUR 47,277,960.70
Trade creditors (for IAS incl. bills
of exchange)
EUR 40,625,310.79
Liabilities due to shareholders
EUR 41,164.83
Liabililties due to related companiesEUR 5,398,260.47
Unspecified other liabilities
EUR 1,213,224.61
thereof liabilities from tax /
financial authorities
EUR 719,506.47
thereof liabilities from social
security
EUR 30,156.52
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 393,271,070.61
Inventory change + own costs (+/-)
EUR 1,884,051.16
Inventory change (+/-) EUR 1,884,051.16
Other operating income
EUR 16,198,857.91
Cost of materials
EUR 240,233,241.88
Raw materials and supplies, purchased
goods
EUR 237,955,628.86
Purchased services
EUR 2,277,613.02
Gross result (+/-)
EUR 171,120,737.80
Staff expenses
EUR 71,184,133.34
Wages and salaries EUR
58,747,708.60
Social security contributions and
expenses for pension plans and
benefits
EUR 12,436,424.74
Total depreciation
EUR 17,762,199.25
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 17,762,199.25
Other operating expenses
EUR 79,696,141.81
Operating result from continuing
operations EUR 2,478,263.40
Interest result (+/-)
EUR -4,523,773.47
Interest and similar income
EUR 103,820.90
thereof from related companies
EUR 100,792.44
Interest and similar expenses
EUR 4,627,594.37
thereof paid to related companies
EUR 7,527.33
Financial result (+/-)
EUR -4,523,773.47
Result from ordinary operations (+/-)
EUR -2,045,510.07
Extraordinary
expenses EUR 1,895,411.00
Extraordinary result (+/-)
EUR -1,895,411.00
Income from assumption of loss by
parent company
EUR 4,269,256.35
Other taxes / refund of taxes
EUR -328,335.28
Tax
(+/-)
EUR -328,335.28
Annual surplus / annual deficit
EUR 0.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.75 |
|
|
1 |
Rs.100.29 |
|
Euro |
1 |
Rs.72.89 |
|
EUR |
1 |
Rs.73.27 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
HEE |
|
|
|
|
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.