|
Report No. : |
302182 |
|
Report Date : |
07.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
HORST BODE IMPORT - EXPORT GMBH |
|
|
|
|
Registered Office : |
Havighorster Weg 6f, D 21031 Hamburg |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
04.07.1988 |
|
|
|
|
Com. Reg. No.: |
HRB 53094 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Engaged in Import, Processing and Packaging of Organic Raw
Materials especially Baking Ingredients, Canned, Walnut Kernels,
Pseudocrealien, Seeds, Dried Fruit Chips and Soft Fruits Subject product lines are as
follows: Baking ingredients ·
Cocoa
Powder Fairtrade (Allfair) ·
Yeast
Bio Bud Molasses ·
Almond
Extract ·
Organic
Barley Malt Extract ·
Barley
Malt Demeter ·
Cake
Flavor ·
Oekoback
Coldness, Powder Caking Agent ·
Oekoback
Plus, Powder Caking Agent ·
Roest
Onions Demeter Barley malt Demeter Fats Siedefett
(Siedeflex) Beverages (non-alcoholic) ·
Rhubarb
Trunk ·
Sizzling
Blood Orange ·
Orange
Juice Cereals ·
Quinoa ·
Rice,
Basmati White Grain Products ·
Rice
Flakes ·
Buckwheat
Flour Gluten Free Spices-Herbs ·
Braunsenfsaat
Canned ·
Allfair
pineapple Sweeteners ·
Kokospalmbluetenzucker ·
Treacle ·
Weichfruechte
·
Apricots
industrial ·
Olive
rings dried ·
Sultanas
dark Uzbekistan Seasonings ·
Sea
salt with organic herbs ·
Vegetable
broth with yeast extract bio |
|
|
|
|
No of Employees : |
17 |
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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 |
Horst Bode Import - Export GmbH
Havighorster Weg 6f
D 21031 Hamburg
Telephone: 040/7393320
Telefax:
040/7397035
Homepage: www.bodenaturkost.de
E-mail:
info@bodenaturkost.de
DE154233667
Active
Business relations are permissible.
LEGAL FORM Private
Limited Company
Date of foundation: 1988
Shareholders'
agreement: 26.05.1988
Registered on: 04.07.1988
Commercial Register: Local court 20355 Hamburg
under: HRB
53094
Share capital: EUR 51,129.19
Gabriele Bode
Billeweg 20
D 21465 Wentorf
born: 05.01.1968
Share: EUR 25,564.59
Shareholder:
Frank Bode
Bellevue 13
D 22301 Hamburg
born: 24.04.1970
Share: EUR 25,564.59
Frank Bode
Bellevue 13
D 22301 Hamburg
having sole power of representation
born: 24.04.1970
Profession: Businessman
Further
functions/participations of Frank Bode (Manager)
Limited partner:
Bode Immobilien GmbH
& Co. KG
Havighorster Weg 6f
D 21031 Hamburg
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 50,000.00
contribution:
Share: EUR 48,500.00
Registered
on: 16.08.2013
Reg. data: 20355 Hamburg, HRA 116467
Shareholder:
Bode Verwaltungs GmbH
Havighorster Weg 6f
D 21031 Hamburg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 14.08.2013
Reg. data: 20355 Hamburg, HRB 128599
Manager:
Bode Verwaltungs GmbH
Havighorster Weg 6f
D 21031 Hamburg
Legal form: Private limited
company
Share capital: EUR 25,000.00
Registered
on: 14.08.2013
Reg. data: 20355 Hamburg, HRB 128599
Engaged in Import, Processing and Packaging of Organic Raw
Materials especially Baking Ingredients, Canned, Walnut Kernels,
Pseudocrealien, Seeds, Dried Fruit Chips and Soft Fruits
Subject product lines are as
follows:
Baking ingredients
·
Cocoa
Powder Fairtrade (Allfair)
·
Yeast
Bio Bud Molasses
·
Almond
Extract
·
Organic
Barley Malt Extract
·
Barley
Malt Demeter
·
Cake
Flavor
·
Oekoback
Coldness, Powder Caking Agent
·
Oekoback
Plus, Powder Caking Agent
·
Roest
Onions
Demeter
Barley malt Demeter
Fats
Siedefett
(Siedeflex)
Beverages (non-alcoholic)
·
Rhubarb
Trunk
·
Sizzling
Blood Orange
·
Orange
Juice
Cereals
·
Quinoa
·
Rice,
Basmati White
Grain Products
·
Rice
Flakes
·
Buckwheat
Flour Gluten Free
Spices-Herbs
·
Braunsenfsaat
Canned
·
Allfair
pineapple
Sweeteners
·
Kokospalmbluetenzucker
·
Treacle
·
Weichfruechte
·
Apricots
industrial
·
Olive
rings dried
·
Sultanas
dark Uzbekistan
Seasonings
·
Sea
salt with organic herbs
·
Vegetable
broth with yeast extract bio
Payment experience: slow but correct
Negative information: We have no negative information at hand.
Balance sheet year: 2012
Type of ownership: Tenant
Address Havighorster
Weg 6f
D
21031 Hamburg
Real Estate of: Frank
Bode
Type of ownership: proprietor
Share: 100.00 %
Address Havighorster
Weg 6f
D 21031 Hamburg
Real Estate of: Frank
Bode
Type of ownership: Tenant
Address Billeweg
20
D 21465 Wentorf
Land register documents were not
available.
SPARKASSE SÜDHOLSTEIN, 22869 SCHENEFELD,
BZ HAMBURG
Sort. code: 23051030
BIC: NOLADE21SHO
DEUTSCHE BANK, 20079 HAMBURG
Sort. code: 20070000
BIC: DEUTDEHHXXX
Turnover: 2013 EUR 5,000,000.00
2014 *EUR 4,845,000.00
Further Business Figures:
Equipment: *EUR 136,000.00
Ac/ts receivable: EUR 1,738,426.00
Liabilities: EUR 3,909,442.00
Employees:
17
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 [%]: -4.30
Liquidity ratio: 0.25
Return on total capital [%]: 3.44
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 19.03
Liquidity ratio: 0.23
Return on total capital [%]: 3.31
Balance
sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 17.98
Liquidity ratio: 0.30
Return on total capital [%]: 1.54
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 12.21
Liquidity ratio: 0.37
Return on total capital [%]: 2.36
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 4,743,666.60
Fixed assets
EUR 53,980.00
Intangible assets EUR 1.00
Tangible assets
EUR 53,979.00
Current assets
EUR 4,686,013.60
Stocks
EUR 2,896,049.46
Accounts receivable
EUR 1,738,426.10
Investments in current assets
EUR 2,540.37
Liquid means
EUR 48,997.67
Remaining other assets
EUR 3,673.00
Accruals (assets)
EUR 3,673.00
LIABILITIES EUR 4,743,666.60
Shareholders' equity
EUR 618,906.73
Capital
EUR 51,129.19
Subscribed capital (share capital)
EUR 51,129.19
Balance sheet profit/loss (+/-)
EUR 567,777.54
Profit / loss brought forward
EUR 431,789.69
Annual surplus / annual deficit
EUR 135,987.85
Provisions
EUR 215,318.00
Liabilities
EUR 3,909,441.87
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 5,215,529.05
Fixed assets
EUR 1,017,008.00
Intangible assets
EUR 8,757.00
Other / unspecified intangible assetsEUR 8,757.00
Tangible assets
EUR 1,008,251.00
Other / unspecified tangible assets
EUR 1,008,251.00
Current assets
EUR 4,194,848.05
Stocks
EUR 3,263,777.65
Accounts receivable
EUR 895,613.40
Other debtors and assets
EUR 895,613.40
Investments in current assets
EUR 2,247.66
Liquid means EUR 33,209.34
Remaining other assets
EUR 3,673.00
Accruals (assets)
EUR 3,673.00
LIABILITIES EUR 5,215,529.05
Shareholders' equity
EUR 518,004.88
Capital
EUR 51,129.19
Subscribed capital (share capital)
EUR 51,129.19
Balance sheet profit/loss (+/-)
EUR 466,875.69
Profit / loss brought forward EUR 294,442.39
Annual surplus / annual deficit
EUR 172,433.30
Provisions
EUR 334,441.00
Liabilities
EUR 4,363,083.17
Other liabilities
EUR 4,363,083.17
Unspecified other liabilities
EUR 4,363,083.17
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.39 |
|
UK Pound |
1 |
Rs.96.72 |
|
Euro |
1 |
Rs.75.80 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MNL |
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.