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Report No. : |
304424 |
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Report Date : |
23.01.2015 |
IDENTIFICATION DETAILS
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Name : |
AKO GMBH |
|
|
|
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Registered Office : |
Chemnitzer
Str. 14, D 30952 Ronnenberg |
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|
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Country : |
Germany |
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|
|
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
21.06.1991 |
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Legal Form : |
Private limited company |
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Line of Business : |
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No. of Employee : |
14 |
RATING & COMMENTS
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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 |
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|
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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 – 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 |
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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 |
AKO GmbH
Chemnitzer
Str. 14
D 30952
Ronnenberg
Telephone:0511/94685-0
Telefax: 0511/94685-55
Homepage:
www.ako-spice.com
E-mail: info@ako-gewuerze.de
Active
"AKO
GmbH The Spice Company"
DE115863523
23/204/02173
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 21.06.1991
Shareholders'
agreement: 21.06.1991
Registered on: 05.10.1994
Commercial Register: Local court 30175 Hannover
under: HRB
101564
Share capital: EUR 100,000.00
Shareholder:
Salz-Richter Verwaltung
Olaf Richter e.K.
Chemnitzer Str. 14
D 30952 Ronnenberg
Legal form: Sole
proprietorship
Share: EUR 100,000.00
Registered on: 27.08.1965
Reg. data: 30175
Hannover, HRA 100722
Manager:
Olaf Richter
Chemnitzer Str. 14
D 30952 Ronnenberg
having sole power of
representation
born: 17.10.1959
Profession: Businessman
Further functions/participations of Olaf
Richter (Manager)
Proprietor:
Salz-Richter Verwaltung
Olaf Richter e.K.
Chemnitzer Str. 14
D 30952 Ronnenberg
Legal form: Sole proprietorship
Registered
on: 27.08.1965
Reg. data: 30175 Hannover, HRA 100722
Shareholder:
SALZ RICHTER GmbH
Chemnitzer Str. 14
D 30952 Ronnenberg
Legal form: Private
limited company
Share capital: EUR 26,000.00
Share: EUR 26,000.00
Registered
on: 16.12.2003
Reg. data: 30175 Hannover, HRB 101794
Manager:
SALZ RICHTER GmbH
Chemnitzer Str. 14
D 30952 Ronnenberg
Legal form: Private
limited company
Share capital: EUR 26,000.00
Registered
on: 16.12.2003
Reg. data: 30175 Hannover, HRB 101794
Manager:
M.E.S.C.H. - Hamburg GmbH
Billbrookdeich 32-36
D 22113 Hamburg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 01.11.2010
Reg. data: 20355 Hamburg, HRB 115724
21.06.1991 - 05.10.1994 AKO Salze und Gewürze Vertriebs GmbH
Heinrich-Jasper-Str. 3
D 38364 Schöningen
Private limited
company
05.10.1994 - 09.2008 AKO Salze und Gewürze Vertriebs GmbH
Chemnitzer Str. 14
D 30952 Ronnenberg
Private limited
company
Main industrial sector
46370
Wholesale of coffee, tea, cocoa and spices
Secondary industrial sector
10840 Manufacture
of condiments and seasonings
Payment experience: cash discount/within agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2013
Type of ownership: Tenant
Address Chemnitzer Str. 14
D 30952 Ronnenberg
Land register documents were not available.
COMMERZBANK VORMALS DRESDNER BANK, 30002
HANNOVER
Sort. code: 25080020
BIC: DRESDEFF250
BANKHAUS HALLBAUM, 30159 HANNOVER
Sort. code: 25060180
BIC: HALLDE2HXXX
Profit: 2013 EUR 493,236.00
Ac/ts receivable: EUR 724,804.00
Liabilities: EUR 2,600,331.00
Total numbers of vehicles: 2
-
Passenger cars:
2
Employees:
14
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 42.92
Liquidity ratio: 0.31
Return on total capital [%]: 10.64
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 42.52
Liquidity ratio: 0.40
Return on total capital [%]: 4.75
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 40.60
Liquidity ratio: 0.51
Return on total capital [%]: 13.81
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 37.37
Liquidity ratio: 0.42
Return on total capital [%]: 8.15
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.
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.
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: 01.01.2013
- 31.12.2013
ASSETS EUR 4,637,475.35
Fixed assets EUR 297,036.00
Tangible assets EUR 297,036.00
Current assets EUR 4,329,517.13
Stocks EUR 3,412,401.98
Accounts receivable EUR 724,804.00
Liquid means EUR 192,311.15
Remaining other
assets EUR 10,922.22
Accruals (assets) EUR 10,922.22
LIABILITIES EUR 4,637,475.35
Shareholders' equity EUR 1,953,712.48
Capital EUR 100,000.00
Subscribed capital
(share capital) EUR 100,000.00
Reserves EUR 250,000.00
Retained earnings /
revenue reserves EUR
250,000.00
Balance sheet profit/loss
(+/-) EUR 1,603,712.48
Profit / loss brought
forward EUR 1,110,476.63
Annual surplus / annual
deficit EUR 493,235.85
Provisions EUR 83,432.00
Liabilities EUR 2,600,330.87
Type of balance sheet: Company
balance sheet
Financial year: 01.01.2012
- 31.12.2012
ASSETS EUR 3,767,431.62
Fixed assets EUR 313,623.00
Tangible assets EUR 313,623.00
Other / unspecified
tangible assets EUR 313,623.00
Current assets EUR 3,434,962.42
Stocks EUR 2,537,136.81
Accounts receivable EUR 697,971.32
Other debtors and
assets EUR 697,971.32
Liquid means EUR 199,854.29
Remaining other
assets EUR 18,846.20
Accruals (assets) EUR 18,846.20
LIABILITIES EUR 3,767,431.62
Shareholders' equity EUR 1,560,476.63
Capital EUR 100,000.00
Subscribed capital
(share capital) EUR 100,000.00
Reserves EUR 250,000.00
Retained earnings /
revenue reserves EUR
250,000.00
Balance sheet profit/loss
(+/-) EUR 1,210,476.63
Balance sheet profit /
loss EUR 1,210,476.63
Provisions EUR 201,821.30
Liabilities EUR 2,005,133.69
Other liabilities EUR 2,005,133.69
Unspecified other
liabilities EUR 2,005,133.69
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.69 |
|
|
1 |
Rs.93.32 |
|
Euro |
1 |
Rs.71.48 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
DPT |
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.