|
Report No. : |
306706 |
|
Report Date : |
04.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
FLO-CERT
CERTIFICATION OF SOCIAL-ECONOMIC DEVELOPMENT GMBH |
|
|
|
|
Registered Office : |
Bonner Talweg
177, D 53129 Bonn |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
13.03.1998 |
|
|
|
|
Com. Reg. No.: |
HRB 12937 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
·
Business
and Other Management Consultancy Activities ·
Market
Research and Public Opinion Polling · Membership Organizations n. e. c. |
|
|
|
|
No. of Employees : |
89 |
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 |
FLO-CERT Certification of Social-Economic Development
GmbH
Company Status: Active
Bonner Talweg 177
D 53129 Bonn
Telephone:0228/24930
Telefax: 0228/2483120
Homepage: www.flo-cert.net
E-mail: info@flo-cert.net
205/5716/1236
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 13.03.1998
Shareholders'
agreement: 13.03.1998
Registered
on: 09.02.2004
Commercial Register: Local court 53111 Bonn
under: HRB
12937
EUR 25,564.59
Rüdiger Meyer
Kaiser-Friedrich-Str. 13
Geschäftsanschrift
D 53113 Bonn
born: 06.08.1965
Share: EUR 25,564.59
Manager:
Rüdiger Meyer
Kaiser-Friedrich-Str.
13
Geschäftsanschrift
D 53113 Bonn
having sole power of
representation
born: 06.08.1965
Profession: Businessman
President of the Supervisory Board:
Nigel Croft
Mount Ford House, Mount
Ford,
Tavistock
GB - Devon PL19 8EB
Nationality: British
Marital status: unknown
Member of the Supervisory Board:
Dagmar
Bottenbruch
Wilhelm-Bonn-Str. 7 Wilhelm-
Bonn-Str. 7
D 61476 Kronberg
born: 14.04.1960
Profession: Fully qualified management
expert
Marital status: married
Member of the Supervisory Board:
Christian Oliver Thrun
Glauberstr. 27a
D 12209 Berlin
born: 17.06.1971
Member of the Supervisory Board:
Dr. Christian Thorun
Moltkestr. 5
D 53604 Bad Honnef
born: 08.06.1976
Member of the Supervisory Board:
Mariana Abrantes
Rua Augusto J. Cunha, 5,
RC-B
P 1495 -240 Alges
Nationality: Portuguese
Marital status: unknown
Member of the Supervisory Board:
Dr.
Werner Kiene
2816 27h Street NW
USA - Washington DC 20008
Member of the Supervisory Board:
Esther Guluma
14 Faran St. P.O.B. 1417
IL 25147 Kfar Vradim
Nationality: Israeli
Marital status: unknown
Member of the Supervisory Board:
Emmanuel Kwabena Arthur
Dr. Baidoo Street, Asokwa
GH 00233 Kumasi
Nationality: Ghanaian
Marital status: unknown
13.03.1998 - 06.02.2004 ONEWORLD PUBLISHING Verlag für Faires
Handeln GmbH
Remigiusstr. 21
D 50937 Köln
Private limited
company
06.02.2004 - 11.03.2009 FLO-CERT Certification of
Social-Economical
Development GmbH
Kaiser-Friedrich-Str.
13
D 53113 Bonn
Private limited
company
11.03.2009 - 23.07.2010 FLO-CERT Certification of
Social-Economical
Development GmbH (bis
23.07.2010)
Bonner Talweg 177
D 53129 Bonn
Private limited
company
06.11.2012
- 07.01.2014 Member of the Supervisory
Board
Juan Eduardo
Henriquez
RCH - Casilla 66,
Paillaco
06.11.2012 - 31.12.2012 Vice-president of the Supervisory Board
Simon Hunt
D 53175 Bonn
Sectors
7022
Business and other management consultancy activities
7320
Market research and public opinion polling
94999
Membership organizations n. e. c.
Payment experience: within periods customary in this trade
Negative information:We have no negative
information at hand.
Balance sheet year: 2012
Type of ownership: Tenant
Address Bonner
Talweg 177
D
53129 Bonn
Land register documents were not available.
SPARKASSE KÖLNBONN, 50667 KÖLN
Sort. code: 37050198
BIC: COLSDE33XXX
Turnover: 2013 *EUR 10,383,000.00
Ac/ts receivable: EUR 1,391,214.00
Liabilities: EUR 790,761.00
Employees:
89
The
business figures marked with an asterisk are estimates based on average values
in the line of business.
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 27.23
Liquidity ratio: 10.00
Return on total capital [%]: 6.52
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 28.44
Liquidity ratio: 10.00
Return on total capital [%]: 5.49
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 39.68
Liquidity ratio: 2.63
Return on total capital [%]: 0.63
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: -7.13
Liquidity ratio: 0.91
Return on total capital [%]: -15.09
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: 01.01.2012
- 31.12.2012
ASSETS EUR 4,958,753.81
Fixed assets EUR 614,503.81
Intangible assets EUR 380,842.52
Tangible assets EUR 167,588.00
Financial assets EUR 66,073.29
Other / unspecified financial assets
EUR 66,073.29
Current assets EUR 4,291,417.99
Accounts receivable EUR 1,391,213.90
Liquid means EUR 2,900,204.09
Remaining other assets EUR 52,832.01
Accruals (assets) EUR 52,832.01
LIABILITIES EUR 4,958,753.81
Shareholders' equity EUR 1,488,842.44
Capital EUR 25,564.59
Subscribed capital (share capital) EUR 25,564.59
Reserves
EUR 940,000.00
Capital reserves EUR 940,000.00
Balance sheet profit/loss (+/-) EUR 523,277.85
Profit / loss brought forward EUR 212,222.94
Annual surplus / annual deficit EUR 311,054.91
Provisions EUR 909,081.45
Liabilities EUR 790,761.33
Other liabilities EUR 1,770,068.59
Deferrals (liabilities) EUR 1,770,068.59
Type of balance
sheet: Company balance sheet
Financial
year: 01.01.2011 - 31.12.2011
ASSETS EUR 3,700,980.93
Fixed assets EUR 558,777.77
Intangible assets EUR 349,748.00
Other / unspecified intangible
assetsEUR 349,748.00
Tangible assets EUR 185,253.00
Other / unspecified tangible assets EUR
185,253.00
Financial assets EUR 23,776.77
Other / unspecified financial assets
EUR 23,776.77
Current assets EUR 3,113,088.49
Accounts receivable EUR 1,458,978.36
Other debtors and assets EUR 1,458,978.36
Liquid means EUR 1,654,110.13
Remaining other assets EUR 29,114.67
Accruals (assets) EUR 29,114.67
LIABILITIES EUR 3,700,980.93
Shareholders' equity EUR 1,177,787.51
Capital EUR 25,564.59
Subscribed capital (share capital) EUR 25,564.59
Reserves EUR 940,000.00
Capital reserves EUR 940,000.00
Balance sheet profit/loss (+/-) EUR 212,222.92
Profit / loss brought forward EUR 18,478.79
Annual surplus / annual deficit EUR 193,744.13
Provisions EUR 349,925.35
Other / unspecified provisions EUR 349,925.35
Liabilities EUR 1,072,424.08
Other liabilities EUR 1,072,424.08
Unspecified other liabilities EUR
1,072,424.08
Other liabilities EUR 1,100,843.99
Deferrals (liabilities)
EUR 1,100,843.99
Accounts for 2013 have not been published
yet.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.74 |
|
|
1 |
Rs.92.71 |
|
Euro |
1 |
Rs.69.94 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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 |
|
|
-- |
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.