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Report No. : |
306210 |
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Report Date : |
09.02.2015 |
IDENTIFICATION DETAILS
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Name : |
LIST & BEISLER GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG |
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Registered Office : |
Pickhuben 6, D 20457 Hamburg |
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Country : |
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Financials (as on) : |
31.12.2012 |
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Year of Establishment : |
1978 |
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Com. Reg. No.: |
HRB 24480 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesale of Coffee, Tea, |
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No. of Employees : |
9 |
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.
ECGC Country Risk Classification List – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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Germany |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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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, 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 |
LIST &
BEISLER GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG
Company Status: active
Pickhuben 6
D
20457 Hamburg
Telephone:040/3070915-0
Telefax:
040/363765
Homepage: www.list-beisler.de
E-mail: info@list-beisler.de
DE118598818
Business relations are
permissible.
LEGAL FORM Private limited company
Date of foundation: 1978
Registered on: 29.11.1979
Commercial Register: Local court 20355 Hamburg
under: HRB
24480
EUR 1,000,000.00
Shareholder:
Stefan
Sprengel
Alsterkrugchaussee 240 b
D
22297 Hamburg
born:
20.04.1960
Share: EUR 400,000.00
Shareholder:
Kaffee-Import-Compagnie GmbH
Pickhuben 5
D
20457 Hamburg
Legal
form: Private limited company
Share capital: EUR 103,000.00
Share: EUR 300,000.00
Registered on: 05.05.1983
Reg.
data: 20355 Hamburg, HRB 30870
Shareholder:
Robert Heuveldop
Schinkelstr. 23
D
22303 Hamburg
born:
11.08.1970
Share: EUR 300,000.00
Manager:
Stefan
Sprengel
Alsterkrugchaussee 240 b
D
22297 Hamburg
having
sole power of representation
born:
20.04.1960
Manager:
Robert
Heuveldop
Schinkelstr. 23
D
22303 Hamburg
having
sole power of representation
born:
11.08.1970
Manager:
Jan
Walter
Teichweg 5
D 21435
Stelle
having
sole power of representation
born:
25.08.1969
Marital status: married
Further
functions/participations of Jan Walter (Manager)
Shareholder:
Kaffee-Import-Compagnie
GmbH
Pickhuben 5
D
20457 Hamburg
Legal
form: Private limited company
Share
capital: EUR 103,000.00
Share: EUR 20,600.00
Registered
on: 05.05.1983
Reg.
data: 20355 Hamburg, HRB 30870
Manager:
Kaffee-Import-Compagnie GmbH
Pickhuben
5
D
20457 Hamburg
Legal
form: Private limited company
Share
capital: EUR 103,000.00
Registered
on: 05.05.1983
Reg. data: 20355 Hamburg, HRB 30870
24.03.2000 -
01.03.2007 List & Beisler
Gesellschaft mit
beschränkter Haftung
Am
Sandtorkai 4
D
20457 Hamburg
Private limited company
27.01.2006 -
04.03.2013 Manager
Rainer Clasen
D
21129 Hamburg
Main industrial sector
46370 Wholesale of coffee, tea, cocoa and spices
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 Pickhuben
6
D 20457 Hamburg
Land register documents
were not available.
COMMERZBANK, 20454 HAMBURG
Sort. code: 20040000
BIC: COBADEHHXXX
Gross profit or loss:2013 EUR 2,325,000.00
2014 EUR 2,325,000.00
further business figures:
Equipment: EUR 19,657.00
Ac/ts receivable: EUR 1,204,967.00
Liabilities: EUR 5,377,893.00
Employees:
9
Balance
sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 21.58
Liquidity ratio: 0.26
Return on total capital [%]: 5.23
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 15.38
Liquidity ratio: 0.37
Return on total capital [%]: -5.65
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 18.12
Liquidity ratio: 0.65
Return on total capital [%]: -0.07
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 29.96
Liquidity ratio: 0.65
Return on total capital [%]: 2.18
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 6,917,236.77
Fixed assets
EUR 25,478.00
Intangible assets
EUR 5,821.00
Concessions, licences, rights
EUR 5,821.00
Tangible assets
EUR 19,657.00
Other tangible assets / fixtures and
fittings
EUR 19,657.00
Current assets
EUR 6,827,824.65
Stocks
EUR 5,068,645.96
Accounts receivable
EUR 1,204,966.61
Other debtors and assets
EUR 1,204,966.61
Liquid means
EUR 554,212.08
Remaining other assets
EUR 63,934.12
Accruals (assets)
EUR 61,275.12
Deferred taxes (assets)
EUR 2,659.00
LIABILITIES EUR 6,917,236.77
Shareholders' equity
EUR 1,281,247.92
Capital EUR 1,000,000.00
Subscribed capital (share capital)
EUR 1,000,000.00
Balance sheet profit/loss (+/-)
EUR 281,247.92
Profit / loss brought forward
EUR -75,513.78
Annual surplus / annual deficit
EUR 356,761.70
Provisions
EUR 258,096.00
Liabilities
EUR 5,377,892.85
Financial debts
EUR 3,666,843.31
Liabilities
due to banks EUR 3,666,843.31
Other liabilities
EUR 1,711,049.54
Liabilities due to shareholders
EUR 213,670.31
Unspecified other liabilities
EUR 1,497,379.23
thereof liabilities from tax /
financial authorities
EUR 20,752.78
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 2,323,505.47
Staff expenses
EUR 961,454.34
Wages and salaries
EUR 853,128.22
Social security contributions and
expenses for pension plans and
benefits
EUR 108,326.12
Total depreciation
EUR 22,633.54
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 22,633.54
Other operating expenses
EUR 528,230.03
Operating result from continuing
operations
EUR 811,187.56
Interest result (+/-)
EUR -307,771.32
Interest and similar income
EUR 22,091.35
Interest and similar expenses
EUR 329,862.67
Financial result (+/-)
EUR -307,771.32
Result from ordinary operations (+/-)
EUR 503,416.24
Extraordinary expenses EUR 4,942.00
Extraordinary result (+/-)
EUR -4,942.00
Income tax / refund of income tax (+/-)EUR -140,557.54
Other taxes / refund of taxes
EUR -1,155.00
Tax
(+/-) EUR -141,712.54
Annual surplus / annual deficit
EUR 356,761.70
Type
of balance sheet: Company balance sheet
Financial year: 01.01.2011
- 31.12.2011
ASSETS EUR 7,610,768.87
Fixed assets
EUR 22,531.00
Intangible assets
EUR 2,832.00
Other / unspecified intangible assetsEUR 2,832.00
Tangible
assets EUR 19,699.00
Other tangible assets / fixtures and
fittings
EUR 19,699.00
Current assets
EUR 7,431,462.18
Stocks EUR 4,607,281.00
Other / unspecified stocks
EUR 4,607,281.00
Accounts receivable
EUR 1,755,570.94
Other debtors and assets
EUR 1,755,570.94
Liquid
means EUR 1,068,610.24
Remaining other assets
EUR 156,775.69
Accruals (assets)
EUR 33,392.69
Deferred taxes (assets)
EUR 123,383.00
LIABILITIES EUR 7,610,768.87
Shareholders' equity
EUR 924,486.22
Capital
EUR 1,000,000.00
Subscribed capital (share capital)
EUR 1,000,000.00
Balance sheet profit/loss (+/-)
EUR -75,513.78
Profit / loss brought forward
EUR 352,228.31
Annual surplus / annual deficit
EUR -427,742.09
Provisions EUR 613,638.26
Other / unspecified provisions
EUR 613,638.26
Liabilities
EUR 6,072,644.39
Financial debts
EUR 3,950,334.83
Liabilities due to banks
EUR 3,950,334.83
Other liabilities
EUR 2,122,309.56
Unspecified other liabilities
EUR 2,122,309.56
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 1,680,807.87
Staff expenses
EUR 985,543.61
Wages and salaries
EUR 878,971.64
Social security contributions and
expenses for pension plans and
benefits
EUR 106,571.97
Total depreciation
EUR 24,555.30
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 24,555.30
Other operating expenses
EUR 753,181.99
Operating result from continuing
operations
EUR -82,473.03
Interest result (+/-)
EUR -461,763.85
Interest and similar income
EUR 8,609.40
Interest and similar expenses
EUR 470,373.25
Financial result (+/-)
EUR -461,763.85
Result from ordinary operations (+/-)
EUR -544,236.88
Extraordinary expenses
EUR 4,942.00
Extraordinary result (+/-)
EUR -4,942.00
Income tax / refund of income tax (+/-)EUR 123,085.21
Other taxes / refund of taxes
EUR -1,648.42
Tax
(+/-)
EUR 121,436.79
Annual surplus / annual deficit
EUR -427,742.09
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.74 |
|
|
1 |
Rs.94.65 |
|
Euro |
1 |
Rs.70.79 |
INFORMATION DETAILS
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Analysis Done by
: |
SUB |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
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.