MIRA INFORM REPORT

 

 

Report No. :

286059.2

Report Date :

17.02.2015

 

IDENTIFICATION DETAILS

 

Name :

EMSLAND-STÄRKE GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG

 

 

Registered Office :

Emslandstr. 58 D 49824 Emlichheim

 

 

Country :

Germany

 

 

Financials (as on) :

30.06.2013

 

 

Date of Incorporation :

31.01.1938

 

 

Com. Reg. No.:

HRB 130026

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

  • Manufacture of starch and starch products
  • Manufacture of other organic basic chemicals

 

 

No. of Employee :

528

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

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 – 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

 

Note

 

In the meantime there have been changes in particular in the

 following areas subject to monitoring:

   - Legal form

 

Company name and address

 

EMSLAND-STÄRKE GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG

 

 Company Status:      active

                      Emslandstr. 58

                      D 49824 Emlichheim

                      Telephone:05943/810

                      Telefax:  05943/81205

                      Homepage: www.emsland-staerke.de

                      E-mail:   info@emsland-group.de

                                                

 VAT no.:             DE117039665

 

 

 CONCLUSION

 

 Business relations are permissible.

 

 

Summary

 

 LEGAL FORM                          Private limited company

 Date of foundation:                  31.01.1938

 Registered on:                         31.01.1938

 Commercial Register:               Local court 49074 Osnabrück

 under:                                      HRB 130026

 

 

 Share capital

 

EUR          9,382,206.02

 

 Shareholder:

                      Beteiligungsgesellschaft Emsland-Stärke

                      Aktiengesellschaft

                      Emslandstr. 58

                      D 49824 Emlichheim

                      Legal form: Public limited company

                      Share capital:     EUR         31,000,000.00

                      Share:             EUR          9,382,206.02

                      Registered on: 24.10.2002

                      Reg. data: 49074 Osnabrück, HRB 131447

 Manager:

                      Hubert Eilting

                      Karlstr. 22

                      D 49809 Lingen

                      born: 31.10.1956

                      Profession: Solicitor

                      Marital status: unknown

 Manager:

                      Udo Hinkelmann

                      Richard-Wagner-Str. 8

                      D 59227 Ahlen

                      having sole power of representation

                      born: 07.05.1954

                      Profession: Management expert

 Manager:

                      Michael Schonert

                      Holzhausener Str. 24

                      D 16866 Kyritz

                      having sole power of representation

                      born: 21.12.1960

                      Profession: Businessman

                      Marital status: unknown

 President of the Supervisory Board:

                      Dr.rer.pol. Hans Vieregge

                      Franziusweg 8

                      D 30167 Hannover

                      born: 12.07.1941

 Vice-president of the Supervisory Board:

                      Gebhard Bakker

                      D 48527 Nordhorn

 Member of the Supervisory Board:

                      Günter Herms

                      Binsenstr. 6

                      D 48529 Nordhorn

                      born: 30.05.1937

 Member of the Supervisory Board:

                      Hermann Vortherms

                      Ahornstr. 15

                      D 49733 Haren

                      born: 28.05.1943

                      Profession: Butcher

 Member of the Supervisory Board:

                      Berthold Lammers

                      D 49824 Emlichheim

                      Marital status: unknown

 Member of the Supervisory Board:

                      Berthold Reiners

                      D 49846 Hoogstede

                      Marital status: unknown

 Proxy:

                      Eberhard Grzmehle

                      D 48527 Nordhorn

                      born: 04.08.1943

 

 Further functions/participations of Hubert Eilting (Manager)

 Limited partner:

                      Eilting Öko Energie GmbH & Co. KG

                      Hauptstr. 30

                      D 06729 Elsteraue

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Total cap.         EUR            370,000.00

                      contribution:

                      Share:             EUR            370,000.00

                      Registered

                      on:         08.08.2003

                      Reg. data:  39576 Stendal, HRA 33888

 Limited partner:

                      Emtrade GmbH & Co. KG

                      Emslandstr. 58

                      D 49824 Emlichheim

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Total cap.         EUR              2,000.00

                      contribution:

                      Share:             EUR              1,000.00

                      Registered

                      on:         21.01.2008

                      Reg. data:  49074 Osnabrück, HRA 200948

 Shareholder:

                      ES Aqua Holding GmbH

                      Weserberglandstr. 6a

                      D 48527 Nordhorn

                      Legal form: Private limited company

                      Share capital:     EUR             50,000.00

                      Share:             EUR             25,000.00

                      Registered

                      on:         06.04.2011

                      Reg. data:  49074 Osnabrück, HRB 205159

 Shareholder:

                      Emtrade Verwaltungs GmbH

                      Emslandstr. 58

                      D 49824 Emlichheim

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Share:             EUR             12,500.00

                      Registered

                      on:         10.03.2008

                      Reg. data:  49074 Osnabrück, HRB 201812

 Shareholder:

                      P & E Verwaltungsgesellschaft mbH

                      Hauptstr. 30

                      D 06729 Elsteraue

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Share:             EUR             12,500.00

                      Registered

                      on:         18.06.2003

                      Reg. data:  39576 Stendal, HRB 214459

 Shareholder:

                      P & L Landwirtschaftsbetrieb Gut Luckow GmbH

                      Wenstruper Str. 12

                      D 49451 Holdorf

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Share:             EUR              6,250.00

                      Registered

                      on:         29.09.2014

                      Reg. data:  26135 Oldenburg, HRB 209247

 Manager:

                      Windpark Dreierwalde / Hopsten GmbH

                      Hopstener Str. 99

                      D 48477 Hörstel

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         19.05.2010

                      Reg. data:  48565 Steinfurt, HRB 8791

 Manager:

                      BEKW Bioenergiekraftwerk Emsland

                      Verwaltungsgesellschaft mbH

                      Rudolf-Diesel-Str. 8

                      D 49824 Emlichheim

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         25.01.2007

                      Reg. data:  49074 Osnabrück, HRB 200724

 Manager:

                      Kartoffelstärkefabrik Soltau-Walsrode

                      Gesellschaft mit beschränkter Haftung

                      Klein Amerika

                      D 29649 Wietzendorf

                      Post Box:

                      11 62, D 29647 Wietzendorf

                      Legal form: Private limited company dormant

                      Share capital:     EUR         10,209,570.00

                      Registered

                      on:         26.08.1969

                      Reg. data:  21335 Lüneburg, HRB 101435

 Manager:

                      Mecklenburger Kartoffelveredlung GmbH

                      Dr.-Raber-Str. 3

                      D 19230 Hagenow

                      Legal form: Private limited company

                      Share capital:     EUR          3,840,000.00

                      Registered

                      on:         19.07.1990

                      Reg. data:  19053 Schwerin, HRB 251

 Manager:

                      BW Bürgerwindpark Achterberg / Westenberg

                      GmbH

                      Achterberger Str. 6

                      D 48455 Bad Bentheim

                      Legal form: Private limited company

                      Share capital:     EUR            162,400.00

                      Registered

                      on:         03.02.2009

                      Reg. data:  49074 Osnabrück, HRB 202710

 Manager:

                      Emtrade Verwaltungs GmbH

                      Emslandstr. 58

                      D 49824 Emlichheim

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         10.03.2008

                      Reg. data:  49074 Osnabrück, HRB 201812

 Manager:

                      ES Aqua Holding GmbH

                      Weserberglandstr. 6a

                      D 48527 Nordhorn

                      Legal form: Private limited company

                      Share capital:     EUR             50,000.00

                      Registered

                      on:         06.04.2011

                      Reg. data:  49074 Osnabrück, HRB 205159

 Manager:

                      Windenergie Wintrich Planungsgesellschaft

                      mbH

                      Moselstr. 19

                      D 54487 Wintrich

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         25.11.2011

                      Reg. data:  54516 Wittlich, HRB 41869

 Manager:

                      AgRo Energieagentur Verwaltungsgesellschaft

                      mbH

                      An der Feuerwache 12

                      D 49716 Meppen

                      Legal form: Private limited company

                      Share capital:     EUR             25,564.60

                      Registered

                      on:         23.04.1996

                      Reg. data:  49074 Osnabrück, HRB 120600

 Manager:

                      Windenergie Sammethöhe Planungsgesellschaft

                      mbH

                      Auf dem Büschel 1b

                      D 54533 Oberscheidweiler

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         18.09.2012

                      Reg. data:  54516 Wittlich, HRB 42175

 Manager:

                      P & L Landwirtschaftsbetrieb Gut Luckow GmbH

                      Wenstruper Str. 12

                      D 49451 Holdorf

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         29.09.2014

                      Reg. data:  26135 Oldenburg, HRB 209247

 Manager:

                      Bürgerwindpark Lengerich

                      Verwaltungsgesellschaft mbH

                      Mittelstr. 15

                      D 49838 Lengerich

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         06.09.2000

                      Reg. data:  49074 Osnabrück, HRB 100699

 Manager:

                      Emsland-Stärke Logistics Verwaltungs-GmbH

                      Emslandstr. 58

                      D 49824 Emlichheim

                      Legal form: Private limited company

                      Share capital:     EUR             51,129.19

                      Registered

                      on:         01.04.1998

                      Reg. data:  49074 Osnabrück, HRB 130935

 Manager:

                      Windpark Haren Verwaltungsgesellschaft mbH

                      Lindenallee 2

                      D 49733 Haren

                      Legal form: Private limited company

                      Share capital:     EUR             25,600.00

                      Registered

                      on:         26.02.1999

                      Reg. data:  49074 Osnabrück, HRB 120789

 Manager:

                      Öko Windpark Lengerich GmbH

                      Mittelstr. 15

                      D 49838 Lengerich

                      Legal form: Private limited company

                      Share capital:     EUR             25,564.60

                      Registered

                      on:         05.10.2000

                      Reg. data:  49074 Osnabrück, HRB 100702

 Manager:

                      Agrowea Verwaltungsgesellschaft mbH

                      Gaußstr. 2

                      D 49767 Twist

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         27.11.2003

                      Reg. data:  49074 Osnabrück, HRB 121943

 Manager:

                      Bürgerwindpark Twist Verwaltungsgesellschaft

                      mbH

                      Gaußstr. 2

                      D 49767 Twist

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         28.12.2001

                      Reg. data:  49074 Osnabrück, HRB 121069

 Manager:

                      Bürgerwindpark Samern

                      Verwaltungsgesellschaft mbH

                      Am Esch 10

                      D 48465 Samern

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         05.03.2003

                      Reg. data:  49074 Osnabrück, HRB 131492

 Manager:

                      P & E Verwaltungsgesellschaft mbH

                      Hauptstr. 30

                      D 06729 Elsteraue

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         18.06.2003

                      Reg. data:  39576 Stendal, HRB 214459

 Manager:

                      Emsland Chemie GmbH

                      Emslandstr. 58

                      D 49824 Emlichheim

                      Legal form: Private limited company

                      Share capital:     EUR            255,645.94

                      Registered

                      on:         09.10.2001

                      Reg. data:  49074 Osnabrück, HRB 131308

 Manager:

                      Emsland Food GmbH

                      Emslandstr. 58

                      D 49824 Emlichheim

                      Legal form: Private limited company

                      Share capital:     EUR          2,556,500.00

                      Registered

                      on:         05.06.2000

                      Reg. data:  49074 Osnabrück, HRB 131164

 Manager:

                      Windpark SG Neuenhaus

                      Verwaltungsgesellschaft mbH

                      Veldhausener Str. 26

                      D 49828 Neuenhaus

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         21.03.2007

                      Reg. data:  49074 Osnabrück, HRB 200859

 Manager:

                      BW Bürgerwindpark Freren

                      Verwaltungsgesellschaft mbH

                      Loher Str. 7

                      D 49832 Freren

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         20.06.2007

                      Reg. data:  49074 Osnabrück, HRB 201130

 Manager:

                      WFR Windpark Fresenburg -Renkenberge GmbH

                      Wiesengrund 5

                      D 49762 Renkenberge

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         19.11.2009

                      Reg. data:  49074 Osnabrück, HRB 203626

 Manager:

                      NWL Nahwärme Lengerich

                      Verwaltungsgesellschaft mbH

                      Zur Berlage 8

                      D 49838 Lengerich

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         03.02.2011

                      Reg. data:  49074 Osnabrück, HRB 204979

 Manager:

                      BE Bioenergie Verwaltungsgesellschaft mbH

                      Gaußstr. 2

                      D 49767 Twist

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         07.03.2006

                      Reg. data:  49074 Osnabrück, HRB 122448

 Member of the Board of Directors:

                      Beteiligungsgesellschaft Emsland-Stärke

                      Aktiengesellschaft

                      Emslandstr. 58

                      D 49824 Emlichheim

                      Legal form: Public limited company

                      Share capital:     EUR         31,000,000.00

                      Registered

                      on:         24.10.2002

                      Reg. data:  49074 Osnabrück, HRB 131447

 

 Further functions/participations of Udo Hinkelmann (Manager)

 Manager:

                      Auris Vertriebs GmbH

                      Hessenweg 10

                      D 48157 Münster

                      Legal form: Private limited company

                      Share capital:     EUR             26,000.00

                      Registered

                      on:         24.10.2007

                      Reg. data:  48149 Münster, HRB 11197

 Manager:

                      DTT Wasserwärmer Beteiligungs GmbH

                      Dürrheimer Str. 42

                      D 78166 Donaueschingen

                      Legal form: Private limited company

                                  dissolved by official decree

                      Share capital:     EUR             25,564.59

                      Registered

                      on:         12.04.1995

                      Reg. data:  79098 Freiburg, HRB 611476

 Manager:

                      hansa-pharm Dr. Winter GmbH

                      Hessenweg 10

                      D 48157 Münster

                      Legal form: Private limited company

                      Share capital:     EUR             26,000.00

                      Registered

                      on:         22.10.2007

                      Reg. data:  48149 Münster, HRB 11194

 Manager:

                      sanotact GmbH

                      Hessenweg 10

                      D 48157 Münster

                      Legal form: Private limited company

                      Share capital:     EUR            468,490.00

                      Registered

                      on:         30.09.2003

                      Reg. data:  48149 Münster, HRB 6672

 Member of the Board of Directors:

                      Beteiligungsgesellschaft Emsland-Stärke

                      Aktiengesellschaft

                      Emslandstr. 58

                      D 49824 Emlichheim

                      Legal form: Public limited company

                      Share capital:     EUR         31,000,000.00

                      Registered

                      on:         24.10.2002

                      Reg. data:  49074 Osnabrück, HRB 131447

 

 Further functions/participations of Michael Schonert (Manager)

 Limited partner:

                      Emtrade GmbH & Co. KG

                      Emslandstr. 58

                      D 49824 Emlichheim

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Total cap.         EUR              2,000.00

                      contribution:

                      Share:             EUR              1,000.00

                      Registered

                      on:         21.01.2008

                      Reg. data:  49074 Osnabrück, HRA 200948

 Shareholder:

                      Agrargesellschaft "Goldene Ähre" mbH

                      Friedensstr. 2

                      D 16866 Demerthin

                      Legal form: Private limited company

                      Share capital:     EUR            229,058.76

                      Share:             EUR            163,613.40

                      Registered

                      on:         06.10.1992

                      Reg. data:  16816 Neuruppin, HRB 1223 NP

 Shareholder:

                      ES Aqua Holding GmbH

                      Weserberglandstr. 6a

                      D 48527 Nordhorn

                      Legal form: Private limited company

                      Share capital:     EUR             50,000.00

                      Share:             EUR             25,000.00

                      Registered

                      on:         06.04.2011

                      Reg. data:  49074 Osnabrück, HRB 205159

 Shareholder:

                      Emtrade Verwaltungs GmbH

                      Emslandstr. 58

                      D 49824 Emlichheim

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Share:             EUR             12,500.00

                      Registered

                      on:         10.03.2008

                      Reg. data:  49074 Osnabrück, HRB 201812

 Manager:

                      Kartoffelstärkefabrik Soltau-Walsrode

                      Gesellschaft mit beschränkter Haftung

                      Klein Amerika

                      D 29649 Wietzendorf

                      Post Box:

                      11 62, D 29647 Wietzendorf

                      Legal form: Private limited company dormant

                      Share capital:     EUR         10,209,570.00

                      Registered

                      on:         26.08.1969

                      Reg. data:  21335 Lüneburg, HRB 101435

 Manager:

                      Emsland Chemie GmbH

                      Emslandstr. 58

                      D 49824 Emlichheim

                      Legal form: Private limited company

                      Share capital:     EUR            255,645.94

                      Registered

                      on:         09.10.2001

                      Reg. data:  49074 Osnabrück, HRB 131308

 Manager:

                      BEKW Bioenergiekraftwerk Emsland

                      Verwaltungsgesellschaft mbH

                      Rudolf-Diesel-Str. 8

                      D 49824 Emlichheim

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         25.01.2007

                      Reg. data:  49074 Osnabrück, HRB 200724

 Manager:

                      Mecklenburger Kartoffelveredlung GmbH

                      Dr.-Raber-Str. 3

                      D 19230 Hagenow

                      Legal form: Private limited company

                      Share capital:     EUR          3,840,000.00

                      Registered

                      on:         19.07.1990

                      Reg. data:  19053 Schwerin, HRB 251

 Manager:

                      Emtrade Verwaltungs GmbH

                      Emslandstr. 58

                      D 49824 Emlichheim

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         10.03.2008

                      Reg. data:  49074 Osnabrück, HRB 201812

 Manager:

                      ES Aqua Holding GmbH

                      Weserberglandstr. 6a

                      D 48527 Nordhorn

                      Legal form: Private limited company

                      Share capital:     EUR             50,000.00

                      Registered

                      on:         06.04.2011

                      Reg. data:  49074 Osnabrück, HRB 205159

 Manager:

                      Emsland Food GmbH

                      Emslandstr. 58

                      D 49824 Emlichheim

                      Legal form: Private limited company

                      Share capital:     EUR          2,556,500.00

                      Registered

                      on:         05.06.2000

                      Reg. data:  49074 Osnabrück, HRB 131164

 Manager:

                      AFT - Emsland Food Ingredients GmbH

                      Emslandstr. 58

                      D 49824 Emlichheim

                      Legal form: Private limited company

                      Share capital:     EUR             51,129.19

                      Registered

                      on:         18.02.1999

                      Reg. data:  49074 Osnabrück, HRB 131014

 Manager:

                      Emsland-Stärke Logistics Verwaltungs-GmbH

                      Emslandstr. 58

                      D 49824 Emlichheim

                      Legal form: Private limited company

                      Share capital:     EUR             51,129.19

                      Registered

                      on:         01.04.1998

                      Reg. data:  49074 Osnabrück, HRB 130935

 Member of the Board of Directors:

                      Beteiligungsgesellschaft Emsland-Stärke

                      Aktiengesellschaft

                      Emslandstr. 58

                      D 49824 Emlichheim

                      Legal form: Public limited company

                      Share capital:     EUR         31,000,000.00

                      Registered

                      on:         24.10.2002

                      Reg. data:  49074 Osnabrück, HRB 131447

 Member of the Supervisory Board:

                      Agrargesellschaft "Goldene Ähre" mbH

                      Friedensstr. 2

                      D 16866 Demerthin

                      Legal form: Private limited company

                      Share capital:     EUR            229,058.76

                      Registered

                      on:         06.10.1992

                      Reg. data:  16816 Neuruppin, HRB 1223 NP

 

 

 BUSINESS ACTIVITIES

 

 Main industrial sector

 10620   Manufacture of starch and starch products

 

 Secondary industrial sector

 20140   Manufacture of other organic basic chemicals

70109   Other activities of head offices

 

 

 BRANCHES AND FACTORIES

 

 Branch:

                      Emsland-Stärke Gesellschaft mit beschränkter

                      Haftung

                      Zum Katzenmoor 2 /Klein

                      Amerika

                      D 29649 Wietzendorf

                      TEL.: 05196/98800

                      FAX.: 05196/988055

 Branch:

                      Emsland-Stärke Gesellschaft mit beschränkter

                      Haftung

                      Pritzwalker Str. 10

                      D 16866 Kyritz

                      TEL.: 033971-660

 Branch:

                      Emsland-Stärke Gesellschaft mit beschränkter

                      Haftung

                      Am Bahnhof 3/4

                      D 15938 Golßen

                      TEL.: 035452/3830

                      FAX.: 035452/606

 

 

 PARTICIPATIONS

 

 Limited partner:

                      Emsland-Stärke Logistics GmbH & Co. KG

                      Emslandstr. 58

                      D 49824 Emlichheim

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: active

                      Total cap.         EUR            255,645.94

                      contribution:

                      Share:             EUR            255,645.94

                      Reg. data:  01.04.1998

                                  Local court 49074 Osnabrück

                                  HRA 130398

 Limited partner:

                      RELIMA III GmbH & Co. KG

                      Emil-Riedl-Weg 6

                      D 82049 Pullach

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: active

                      Total cap.         EUR             10,000.00

                      contribution:

                      Share:             EUR             10,000.00

                      Reg. data:  13.10.2014

                                  Local court 80333 München

                                  HRA 102805

 Limited partner:

                      Emsland Sales & Trade GmbH & Co. KG

                      Emslandstr. 58

                      D 49824 Emlichheim

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: active

                      Total cap.         EUR              5,000.00

                      contribution:

                      Share:             EUR              5,000.00

                      Reg. data:  30.10.2011

                                  Local court 49074 Osnabrück

                                  HRA 202900

 Shareholder:

                      Kartoffelstärkefabrik Soltau-Walsrode

                      Gesellschaft mit beschränkter Haftung

                      Klein Amerika

                      D 29649 Wietzendorf

                      Post Box:

                      11 62

                      Legal form: Private limited company

                      Company Status: dormant

                      Share capital:     EUR         10,209,570.00

                      Share:             EUR         10,209,570.00

                      Reg. data:  26.08.1969

                                  Local court 21335 Lüneburg

                                  HRB 101435

 Shareholder:

                      Emsland Food GmbH

                      Emslandstr. 58

                      D 49824 Emlichheim

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR          2,556,500.00

                      Share:             EUR          2,556,500.00

                      Reg. data:  05.06.2000

                                  Local court 49074 Osnabrück

                                  HRB 131164

 Shareholder:

                      Mecklenburger Kartoffelveredlung GmbH

                      Dr.-Raber-Str. 3

                      D 19230 Hagenow

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR          3,840,000.00

                      Share:             EUR          1,920,000.00

                      Reg. data:  19.07.1990

                                  Local court 19053 Schwerin

                                  HRB 251

 Shareholder:

                      Emsland Chemie GmbH

                      Emslandstr. 58

                      D 49824 Emlichheim

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR            255,645.94

                      Share:             EUR            125,266.51

                      Reg. data:  09.10.2001

                                  Local court 49074 Osnabrück

                                  HRB 131308

 Shareholder:

                      Emsland-Aller Aqua Gesellschaft mit

                      beschränkter Haftung

                      Am Bahnhof 3-4

                      D 15938 Golßen

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR            362,500.00

                      Share:             EUR             87,000.00

                      Reg. data:  15.12.2006

                                  Local court 03044 Cottbus

                                  HRB 7676 CB

 Shareholder:

                      SOLAM GmbH

                      Emslandstr. 58

                      D 49824 Emlichheim

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR            100,000.00

                      Share:             EUR             68,000.00

                      Reg. data:  23.07.2012

                                  Local court 49074 Osnabrück

                                  HRB 206471

 Shareholder:

                      AFT - Emsland Food Ingredients GmbH

                      Emslandstr. 58

                      D 49824 Emlichheim

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             51,129.19

                      Share:             EUR             51,129.19

                      Reg. data:  18.02.1999

                                  Local court 49074 Osnabrück

                                  HRB 131014

 Shareholder:

                      Emsland-Stärke Logistics Verwaltungs-GmbH

                      Emslandstr. 58

                      D 49824 Emlichheim

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             51,129.19

                      Share:             EUR             51,129.19

                      Reg. data:  01.04.1998

                                  Local court 49074 Osnabrück

                                  HRB 130935

 Shareholder:

                      Pflanzenbau GmbH Wutike

                      Borker Weg 5

                      D 16866 Wutike

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,564.59

                      Share:             EUR             25,564.59

                      Reg. data:  14.12.1990

                                  Local court 16816 Neuruppin

                                  HRB 2154 NP

 Shareholder:

                      BEKW Bioenergiekraftwerk Emsland

                      Verwaltungsgesellschaft mbH

                      Rudolf-Diesel-Str. 8

                      D 49824 Emlichheim

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,000.00

                      Share:             EUR             12,500.00

                      Reg. data:  25.01.2007

                                  Local court 49074 Osnabrück

                                  HRB 200724

 

 

 FINANCIAL INFORMATION

 

Payment experience:  within agreed terms

 

 Negative information:We have no negative information at hand.

 

 

 Balance sheet year:  2012/2013

 

 

REAL ESTATE

 

 Type of ownership:   proprietor

 Share:                100.00 %

 Address              Emslandstr. 58

                      D 49824 Emlichheim

 

 Type of ownership:   proprietor

 Share:                100.00 %

 Address              Am Bahnhof 3/4

                      D 15938 Golßen

 

 Real Estate of:      Hubert Eilting

 Type of ownership:   Tenant

 Address              Karlstr. 22

                      D 49809 Lingen

 

 Real Estate of:      Udo Hinkelmann

 Type of ownership:   proprietor

 Share:                100.00 %

 Address              Richard-Wagner-Str. 8

                      D 59227 Ahlen

 

 Real Estate of:      Michael Schonert

 Type of ownership:   Tenant

 Address              Holzhausener Str. 24

                      D 16866 Kyritz

 

 Land register documents were not available.

 

 

 BANKERS

 

 Principal bank

 NORDDEUTSCHE LANDESBANK GIROZENTRALE, 30002 HANNOVER

 Sort. code: 25050000

 BIC: NOLADE2HXXX

 

 Further bank

 KREISSPARKASSE GRAFSCHAFT BENTHEIM ZU NORDHORN, 48522 NORDHORN

 Sort. code: 26750001

 BIC: NOLADE21NOH

 

 

 FINANCIAL FIGURES

 

 Turnover:            2012/2013          EUR        323,693,767.00

                      2013/2014          EUR        325,000,000.00

 Profit:              2012/2013          EUR         11,467,807.00

 further business figures:

 Equipment:                              EUR         16,985,808.00

 Ac/ts receivable:                       EUR        104,606,410.00

 Liabilities:                            EUR        227,435,732.00

 Employees:                                                    528

 - thereof permanent staff:                                    504

 - Trainees:                                                    24

 

 

 BALANCE SHEETS

 

 Balance sheet ratios 01.07.2012 - 30.06.2013

 Equity ratio [%]:                 35.87

 Liquidity ratio:                   0.52

 Return on total capital [%]:       3.23

 

 Balance sheet ratios 01.07.2011 - 30.06.2012

 Equity ratio [%]:                 36.43

 Liquidity ratio:                   0.48

 Return on total capital [%]:       4.34

 

 Balance sheet ratios 01.07.2010 - 30.06.2011

 Equity ratio [%]:                 30.02

 Liquidity ratio:                   0.58

 Return on total capital [%]:       3.42

 

 Balance sheet ratios 01.07.2009 - 30.06.2010

 Equity ratio [%]:                 35.39

 Liquidity ratio:                   0.63

 Return on total capital [%]:       2.26

 

 

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:      01.07.2012 - 30.06.2013

 

 ASSETS                                  EUR        373,701,256.79

  Fixed assets                           EUR        171,489,481.65

   Intangible assets                     EUR             90,398.05

    Concessions, licences, rights        EUR             90,398.05

   Tangible assets                       EUR         69,786,260.16

    Land / similar rights                EUR         29,892,035.64

    Plant / machinery                    EUR         12,986,136.56

    Other tangible assets / fixtures and

    fittings                             EUR         16,985,807.83

    Advance payments made / construction

    in progress                          EUR          9,922,280.13

   Financial assets                      EUR        101,612,823.44

    Shares in participations /

    subsidiaries and the like            EUR         91,745,907.17

     Shares in related companies         EUR         72,668,813.70

     Shares in investee companies        EUR         19,077,093.47

    Loans to participations /

    subsidiaries and the like            EUR          6,691,083.22

     Loans to related companies          EUR          3,425,458.22

     Loans to investee companies         EUR          3,265,625.00

    Other loans                          EUR          3,175,833.05

  Current assets                         EUR        198,387,872.53

   Stocks                                EUR         89,448,744.97

    Raw materials, consumables and

    supplies                             EUR         18,769,558.72

    Finished goods / work in progress    EUR         66,048,000.00

    Advance payments made                EUR          6,273,096.25

    Minus received advance payments for

    orders / installments for stocks     EUR         -1,641,910.00

   Accounts receivable                   EUR        104,606,409.98

    Trade debtors                        EUR         60,023,309.29

    Amounts due from related companies   EUR         18,020,888.90

    Amounts due from investee companies  EUR          7,829,979.90

    Other debtors and assets             EUR         18,732,231.89

   Liquid means                          EUR          4,332,717.58

  Remaining other assets                 EUR          3,823,902.61

   Accruals (assets)                     EUR          1,141,902.61

   Deferred taxes (assets)               EUR          2,682,000.00

 

 LIABILITIES                             EUR        373,701,256.79

  Shareholders' equity                   EUR        112,373,699.28

   Capital                               EUR          9,382,206.02

    Subscribed capital (share capital)   EUR          9,382,206.02

   Reserves                              EUR         26,528,291.22

    Capital reserves                     EUR         25,692,417.03

    Retained earnings / revenue reserves EUR            835,874.19

   Balance sheet profit/loss (+/-)       EUR         76,463,202.04

    Profit / loss brought forward        EUR         64,995,395.40

    Annual surplus / annual deficit      EUR         11,467,806.64

  Items between shareholders' equity and

  debt capital                           EUR                  2.00

  Provisions                             EUR         33,889,069.52

   Pension provisions and comparable

   provisions                            EUR         16,696,742.68

   Provisions for taxes                  EUR          4,655,707.22

   Other / unspecified provisions        EUR         12,536,619.62

  Liabilities                            EUR        227,435,731.77

   Financial debts                       EUR         95,321,873.22

    Liabilities due to banks             EUR         95,321,873.22

   Other liabilities                     EUR        132,113,858.55

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR         88,546,376.37

    Liabililties due to related companiesEUR         31,713,625.27

    Liabilities due to investee companiesEUR          9,025,610.81

    Unspecified other liabilities        EUR          2,828,246.10

     thereof liabilities from tax /

     financial authorities               EUR          1,553,000.00

     thereof liabilities from social

     security                            EUR             60,000.00

  Other liabilities                      EUR              2,754.22

   Deferrals (liabilities)               EUR              2,754.22

  Guarantees and other commitments       EUR          2,349,000.00

   Guarantees / warranties               EUR          2,349,000.00

    Guarantees                           EUR          2,349,000.00

 

 PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.

 Code (HGB)

  Sales                                  EUR        323,693,767.21

  Inventory change + own costs (+/-)     EUR         -6,687,000.00

   Inventory change (+/-)                EUR         -6,687,000.00

  Other operating income                 EUR         15,840,458.11

  Cost of materials                      EUR        211,313,657.29

   Raw materials and supplies, purchased

   goods                                 EUR        168,414,638.18

   Purchased services                    EUR         42,899,019.11

  Gross result (+/-)                     EUR        121,533,568.03

  Staff expenses                         EUR         31,441,487.82

   Wages and salaries                    EUR         25,206,668.50

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR          6,234,819.32

  Total depreciation                     EUR          7,708,148.22

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR          7,708,148.22

  Other operating expenses               EUR         72,045,180.06

  Operating result from continuing

  operations                             EUR         10,338,751.93

  Result from participating interests

  (+/-)                                  EUR         16,250,411.24

   Expenses / income from participations EUR         11,653,369.41

    Income from transfer of profits      EUR         11,653,369.41

   Income / expenses from corporation tax

   / income tax (+/-)                    EUR          4,597,041.83

  Expenses for the transfer of losses    EUR            771,170.80

  Interest result (+/-)                  EUR         -7,608,895.82

   Interest and similar income           EUR          1,191,943.30

   Interest and similar expenses         EUR          8,800,839.12

  Other financial result                 EUR           -732,556.78

   Income from securities and loans from

   financial assets                      EUR            426,041.32

   Depreciation on financial assets and

   marketable securities                 EUR          1,158,598.10

  Financial result (+/-)                 EUR          7,137,787.84

  Result from ordinary operations (+/-)  EUR         17,476,539.77

  Extraordinary expenses                 EUR            506,153.00

  Extraordinary result (+/-)             EUR           -506,153.00

  Income tax / refund of income tax (+/-)EUR         -5,277,678.49

  Other taxes / refund of taxes          EUR           -224,901.64

  Tax (+/-)                              EUR         -5,502,580.13

  Annual surplus / annual deficit        EUR         11,467,806.64

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.07.2011 - 30.06.2012

 

 ASSETS                                  EUR        352,295,214.66

  Fixed assets                           EUR        171,702,220.55

   Intangible assets                     EUR            191,715.77

    Concessions, licences, rights        EUR            191,715.77

   Tangible assets                       EUR         69,433,494.98

    Land / similar rights                EUR         29,968,644.23

    Plant / machinery                    EUR         16,859,733.81

    Other tangible assets / fixtures and

    fittings                             EUR         16,976,236.15

    Advance payments made / construction

    in progress                          EUR          5,628,880.79

   Financial assets                      EUR        102,077,009.80

    Shares in participations /

    subsidiaries and the like            EUR         91,239,505.27

     Shares in related companies         EUR         73,672,411.80

     Shares in investee companies        EUR         17,567,093.47

    Loans to participations /

    subsidiaries and the like            EUR          7,690,866.67

     Loans to related companies          EUR          3,415,866.67

     Loans to investee companies         EUR          4,275,000.00

    Other loans                          EUR          3,146,637.86

  Current assets                         EUR        176,082,840.24

   Stocks                                EUR         84,743,418.75

    Raw materials, consumables and

    supplies                             EUR         11,913,718.75

    Finished goods / work in progress    EUR         72,829,700.00

   Accounts receivable                   EUR         90,937,623.95

    Trade debtors                        EUR         42,422,932.25

    Amounts due from related companies   EUR         23,727,480.82

    Amounts due from investee companies  EUR         12,807,217.91

    Other debtors and assets             EUR         11,979,992.97

   Liquid means                          EUR            401,797.54

  Remaining other assets                 EUR          4,510,153.87

   Accruals (assets)                     EUR          1,616,153.87

   Deferred taxes (assets)               EUR          2,894,000.00

 

 LIABILITIES                             EUR        352,295,214.66

  Shareholders' equity                   EUR        103,905,892.64

   Capital                               EUR          9,382,206.02

    Subscribed capital (share capital)   EUR          9,382,206.02

   Reserves                              EUR         26,528,291.22

    Capital reserves                     EUR         25,692,417.03

    Retained earnings / revenue reserves EUR            835,874.19

   Balance sheet profit/loss (+/-)       EUR         67,995,395.40

    Profit / loss brought forward        EUR         53,345,241.39

    Annual surplus / annual deficit      EUR         14,650,154.01

  Items between shareholders' equity and

  debt capital                           EUR                  2.00

   Allowances / bonuses                  EUR                  2.00

  Provisions                             EUR         33,217,213.80

   Pension provisions and comparable

   provisions                            EUR         16,630,141.00

   Provisions for taxes                  EUR          3,846,369.39

   Other / unspecified provisions        EUR         12,740,703.41

  Liabilities                            EUR        215,169,626.17

   Financial debts                       EUR        121,145,139.76

    Liabilities due to banks             EUR        121,145,139.76

   Other liabilities                     EUR         94,024,486.41

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR         50,352,831.61

    Liabilities from received advance

    payments                             EUR          3,987,422.98

    Liabililties due to related companiesEUR         36,620,006.98

    Liabilities due to investee companiesEUR            104,606.36

    Unspecified other liabilities        EUR          2,959,618.48

  Other liabilities                      EUR              2,480.05

   Deferrals (liabilities)               EUR              2,480.05

 

 PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.

 Code (HGB)

  Sales                                  EUR        276,618,040.89

  Inventory change + own costs (+/-)     EUR         48,648,000.00

   Inventory change (+/-)                EUR         48,648,000.00

  Other operating income                 EUR         15,590,676.67

  Cost of materials                      EUR        205,892,937.37

   Raw materials and supplies, purchased

   goods                                 EUR        165,231,564.84

   Purchased services                    EUR         40,661,372.53

  Gross result (+/-)                     EUR        134,963,780.19

  Staff expenses                         EUR         29,235,804.55

   Wages and salaries                    EUR         23,674,380.70

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR          5,561,423.85

  Total depreciation                     EUR          8,584,798.83

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR          8,584,798.83

  Other operating expenses               EUR         80,353,047.59

  Operating result from continuing

  operations                             EUR         16,790,129.22

  Result from participating interests

  (+/-)                                  EUR         15,495,433.83

   Expenses / income from participations EUR         15,495,433.83

    Income from transfer of profits      EUR         15,495,433.83

  Expenses for the transfer of losses    EUR          2,376,327.85

  Interest result (+/-)                  EUR         -8,651,954.38

   Interest and similar income           EUR          1,556,207.29

   Interest and similar expenses         EUR         10,208,161.67

  Other financial result                 EUR            425,688.33

   Income from securities and loans from

   financial assets                      EUR            875,688.33

   Depreciation on financial assets and

   marketable securities                 EUR            450,000.00

  Financial result (+/-)                 EUR          4,892,839.93

  Result from ordinary operations (+/-)  EUR         21,682,969.15

  Extraordinary expenses                 EUR            506,152.00

  Extraordinary result (+/-)             EUR           -506,152.00

  Income tax / refund of income tax (+/-)EUR         -6,284,905.66

  Other taxes / refund of taxes          EUR           -241,757.48

  Tax (+/-)                              EUR         -6,526,663.14

  Annual surplus / annual deficit        EUR         14,650,154.01

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.62.20

UK Pound

1

Rs.96.00

Euro

1

Rs.71.00

 

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

ANK

 


 

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%)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.