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Report No. : |
353409 |
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Report Date : |
11.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
C.E. ROEPER GMBH |
|
|
|
|
Registered Office : |
Hans-Duncker-Str. 13, D 21035 Hamburg |
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Country : |
Germany |
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|
|
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Financials (as on) : |
31.12.2013 |
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|
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Year of Establishment : |
1891 |
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|
|
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Com. Reg. No.: |
HRB 36211 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Wholesale of Other Intermediate Goods ·
Non-Specialized Wholesale of Raw Materials and Half-Finished and Finished Goods. |
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|
No. of Employees : |
41 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
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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.
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 |
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Restricted |
C2 |
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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 |
C.E.
ROEPER GMBH
Company Status: active
Hans-Duncker-Str. 13
D 21035 Hamburg
Telephone:040/734103-0
Telefax: 040/734103-35
Homepage:
www.roeper.de
E-mail: office@roeper.de
VAT
no.: DE171622985
Business relations are permissible.
LEGAL FORM Private
limited company
Date
of foundation: 1891
Shareholders'
agreement: 01.04.1986
Registered on: 05.06.1986
Commercial Register: Local court 20355 Hamburg
under: HRB
36211
EUR 51,129.19
Shareholder:
C. E. Roeper Holding
(GmbH & Co.)
Hans-Duncker-Str. 13
D 21035 Hamburg
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR 4,000,000.00
contribution:
Share: EUR 51,129.19
Registered on: 18.06.1991
Reg. data: 20355 Hamburg,
HRA 7692
Manager:
Carsten Gerrens
Koppel 106
D 20099 Hamburg
having sole power of
representation
born: 28.02.1965
Profession:
Businessman
Manager:
Jörn Herrmann
D 22926 Ahrensburg
having sole power of
representation
born: 12.01.1962
Proxy:
Stefanie von Pée
D 21035 Hamburg
having sole power of
representation
born: 27.06.1975
Proxy:
Stefan Ahnfeldt
D 21035 Hamburg
having sole power of representation
born: 04.04.1974
Further functions/participations of Carsten
Gerrens (Manager)
Limited partner:
C. E. Roeper Holding
(GmbH & Co.)
Hans-Duncker-Str. 13
D 21035 Hamburg
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 4,000,000.00
contribution:
Share: EUR 4,000,000.00
Registered
on: 18.06.1991
Reg. data: 20355 Hamburg, HRA 7692
Limited partner:
G. Lipman & Geffcken
(GmbH & Co.)
Hans-Duncker-Str. 13
D 21035 Hamburg
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 76,693.78
contribution:
Share: EUR 76,693.78
Registered
on: 21.01.1836
Reg. data: 20355 Hamburg, HRA 10517
Manager:
H + G Harze & Gummen
GmbH
Hans-Duncker-Str. 13
D 21035 Hamburg
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 29.01.1991
Reg. data: 20355 Hamburg, HRB 46292
Manager:
Richard Brückner GmbH
Hermann-Wüsthof-Ring 4
D 21035 Hamburg
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 28.01.1999
Reg. data: 20355 Hamburg, HRB 69803
Further functions/participations of Jörn
Herrmann (Manager)
Manager:
H + G Harze & Gummen
GmbH
Hans-Duncker-Str. 13
D 21035 Hamburg
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 29.01.1991
Reg. data: 20355 Hamburg, HRB 46292
Manager:
Richard Brückner GmbH
Hermann-Wüsthof-Ring 4
D 21035 Hamburg
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 28.01.1999
Reg. data: 20355 Hamburg, HRB 69803
Main industrial sector
46760
Wholesale of other intermediate goods
46902
Non-specialized wholesale of raw materials and half-finished and
finished goods
Payment experience: within periods customary in this trade
Negative information:We have no negative
information at hand.
Balance sheet year: 2013
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 Hans-Duncker-Str.
13
D 21035 Hamburg
Land register documents were not available.
Principal bank
JOH. BERENBERG, GOSSLER & CO, 20354
HAMBURG
Sort.
code: 20120000
BIC: BEGODEHHXXX
Further banks
DEUTSCHE BANK, 20079 HAMBURG
Sort. code: 20070000
BIC: DEUTDEHHXXX
COMMERZBANK VORMALS DRESDNER BANK, 20349
HAMBURG
Sort. code: 20080000
BIC: DRESDEFF200
Gross profit or loss:2013 EUR 8,791,800.00
2014 *EUR 8,800,000.00
Profit: 2013 EUR 45,000.00
further business figures:
Equipment: *EUR 246,000.00
Ac/ts receivable: EUR 7,462,220.00
Liabilities: EUR 21,649,628.00
Employees:
41
- thereof permanent staff: 41
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 [%]: 2.56
Liquidity ratio: 0.35
Return on total capital [%]: 0.19
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 2.41
Liquidity ratio: 0.38
Return on total capital [%]: 0.45
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 2.45
Liquidity ratio: 0.24
Return on total capital [%]: 0.43
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 1.90
Liquidity
ratio: 0.36
Return on total capital [%]: 0.71
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: electronic German Federal Gazette
Financial year: 01.01.2013 - 31.12.2013
ASSETS EUR 23,885,659.62
Current
assets EUR 23,880,864.76
Stocks
EUR 16,157,653.00
Accounts receivable
EUR 7,462,219.72
Liquid means
EUR 260,992.04
Remaining other assets
EUR 4,794.86
Accruals (assets)
EUR 4,794.86
LIABILITIES EUR 23,885,659.62
Shareholders' equity
EUR 610,902.47
Capital
EUR 51,129.19
Subscribed capital (share capital)
EUR 51,129.19
Balance sheet profit/loss (+/-)
EUR 559,773.28
Balance sheet profit / loss EUR 559,773.28
Provisions
EUR 1,625,129.25
Liabilities
EUR 21,649,627.90
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 8,791,799.83
Staff expenses
EUR 2,854,556.38
Wages and salaries
EUR 2,470,144.94
Social security contributions and
expenses for pension plans and
benefits
EUR 384,411.44
Other operating expenses
EUR 5,016,735.09
Operating result from continuing
operations
EUR 920,508.36
Interest result (+/-)
EUR -801,543.97
Interest and similar income
EUR 11,568.45
Interest and similar expenses
EUR 813,112.42
Financial result (+/-)
EUR -801,543.97
Result from ordinary operations (+/-)
EUR 118,964.39
Income tax / refund of income tax (+/-)EUR -73,964.22
Tax
(+/-)
EUR -73,964.22
Annual surplus / annual deficit
EUR 45,000.17
Type
of balance
sheet: Company balance sheet
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 23,517,025.30
Current assets
EUR 23,514,508.83
Stocks
EUR 15,156,250.00
Accounts receivable
EUR 7,823,161.64
Other debtors and assets
EUR 7,823,161.64
Liquid means
EUR 535,097.19
Remaining other assets
EUR 2,516.47
Accruals (assets)
EUR 2,516.47
LIABILITIES EUR 23,517,025.30
Shareholders' equity
EUR 565,902.30
Capital
EUR 51,129.19
Subscribed capital (share capital)
EUR 51,129.19
Balance sheet profit/loss (+/-)
EUR 514,773.11
Balance sheet profit / loss
EUR 514,773.11
Provisions
EUR 1,729,243.37
Liabilities
EUR 21,221,879.63
Other
liabilities EUR 21,221,879.63
Unspecified other liabilities
EUR 21,221,879.63
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 9,622,498.19
Staff expenses
EUR 3,095,772.19
Wages and salaries
EUR 2,739,068.92
Social security contributions and
expenses for pension plans and
benefits EUR 356,703.27
Other operating expenses
EUR 5,622,024.94
Operating result from continuing
operations
EUR 904,701.06
Interest result (+/-)
EUR -754,727.44
Interest and similar income
EUR 13,867.38
Interest and similar expenses
EUR 768,594.82
Financial result (+/-)
EUR -754,727.44
Result from ordinary operations (+/-)
EUR 149,973.62
Income tax / refund of income tax (+/-)EUR -43,055.79
Tax
(+/-)
EUR -43,055.79
Annual surplus / annual deficit
EUR 106,917.83
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.79 |
|
|
1 |
Rs.101.37 |
|
Euro |
1 |
Rs.73.46 |
|
EUR |
1 |
Rs.73.08 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
HEE |
|
|
|
|
Report Prepared
by : |
NIT |
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 |
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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.