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Report No. : |
323826 |
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Report Date : |
01.06.2015 |
IDENTIFICATION DETAILS
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Name : |
TRIBODYN AG |
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Registered Office : |
Breite Str. 54, D 37154 Northeim |
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Country : |
Germany |
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Date of Incorporation : |
17.12.2013 |
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Com. Reg. No.: |
HRB 204240 |
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Legal Form : |
Public Limited Company |
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Line of Business : |
·
Manufacture
of fertilizers and nitrogen compounds ·
Wholesale
of grain, unmanufactured tobacco, seeds and animal feeds · Wholesale of food n.e.c. |
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No. of Employees : |
7 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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, 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 2014. The new German government introduced
a minimum wage of about $11.60 (8.50 euros) 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%. The budget was essentially in
balance in 2014. 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 plans to replace nuclear
power with renewable energy, which accounts for 34% of total energy
consumption, up from 9% in 2000. 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 |
TRIBODYN
AG
Company Status: active
Breite Str. 54
D 37154 Northeim
Telephone: 05551/9089070
Telefax: 05551/9089079
Homepage: www.tribodyn.ag
E-mail: bernd.riedel@tribodyn.ag
VAT
no.: DE815476474
Tax
ID number: 35/200/05265
Business relations are permissible.
LEGAL FORM Public
limited company
Date of foundation: 17.12.2013
Begin of business
activities: 01.01.2014
Registered on: 30.01.2014
Commercial Register: Local court 37073 Göttingen
under: HRB
204240
EUR 100,000.00
Member of the Board of Directors:
Bernhard Willy Riedel
Breite Str. 54
D 37154 Northeim
having sole power of
representation
born: 07.04.1952
President of the Supervisory Board:
Julia Buschbell
Am Alten Weiher 18
D 41460 Neuss
born: 29.08.1973 in
Northeim
Vice-president of the Supervisory Board:
Peter E. Krull
Oswinsteig 34
D 13467 Berlin
born: 26.12.1956
Profession: Businessman
Marital status: married
Member of the Supervisory Board:
Verena Riedel
Breite Str. 54
D 37154 Northeim
born: 02.02.1956 in
Northeim
Marital status: married
Further functions/participations of Bernhard
Willy Riedel (Member
of
the Board of Directors)
Shareholder:
Zeovita GmbH
Breite Str. 54
D 37154 Northeim
Legal form: Private
limited company in
liquidation
Share capital: EUR 30,000.00
Share: EUR 12,750.00
Registered
on: 19.07.2012
Reg. data: 37073 Göttingen, HRB 201869
Member of the Board of Directors:
mondia Ag Electronic
Business Solutions
Charlottenstr. 16
D 10117 Berlin
Legal form: Public
limited company dissolved
by official
decree
Share capital: EUR 6,444,000.00
Registered
on: 05.10.1998
Reg. data: 14057 Berlin, HRB 68385 B
Liquidator:
Zeovita GmbH
Breite Str. 54
D 37154 Northeim
Legal form: Private
limited company in
liquidation
Share capital: EUR 30,000.00
Registered
on: 19.07.2012
Reg. data: 37073 Göttingen, HRB 201869
Main industrial sector
2015
Manufacture of fertilizers and nitrogen compounds
46210
Wholesale of grain, unmanufactured tobacco, seeds and animal feeds
46389
Wholesale of food n.e.c.
Payment experience: within periods customary in this trade
Negative information:We have no negative
information at hand.
Type of ownership: Tenant
Address Breite Str. 54
D 37154 Northeim
Land register documents were not available.
COMMERZBANK, 37141 NORTHEIM
Sort. code: 26240039, Account no.: 430991000
BIC: COBADEFFXXX, IBAN: DE65262400390430991000
Financial year: 30.01. - 31.12.
Turnover: 2014 EUR 2,000,000.00
Profit: 2014 EUR 600,000.00
Employees:
7
-
thereof permanent staff: 3
-
Part-time employees: 1
-
Freelancer:
3
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.76 |
|
|
1 |
Rs.97.80 |
|
Euro |
1 |
Rs.69.91 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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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.