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Report No. : |
311028 |
|
Report Date : |
09.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
AKEMI CHEMISCH TECHNISCHE SPEZIALFABRIK
GMBH |
|
|
|
|
Registered Office : |
Lechstr. 28, D 90451 Nürnberg |
|
|
|
|
Country : |
Germany |
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|
|
|
Financials (as on) : |
31.12.2012 |
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|
|
|
Date of Incorporation : |
12.12.1972 |
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|
|
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Com. Reg. No.: |
HRB 1834 |
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|
|
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Legal Form : |
Private Limited Company |
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|
|
|
Line of Business : |
Manufacture and Wholesale of Chemical
Products n.e.c. |
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|
|
|
No. of Employees : |
74 |
RATING & COMMENTS
|
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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|
|
|
Payment Behaviour : |
No Complaints |
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|
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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 |
|
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 |
AKEMI
chemisch technische Spezialfabrik GmbH
Company Status: active
Lechstr. 28
D 90451 Nürnberg
Telephone:0911/642960
Telefax: 0911/644456
Homepage: www.akemi.de
E-mail: info@akemi.de
DE133502138
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 12.12.1972
Shareholders'
agreement: 12.12.1972
Registered on: 27.12.1972
Commercial Register: Local court 90402 Nürnberg
under: HRB
1834
EUR 2,000,000.00
Shareholder:
Torsten Hamann
Bärenbühlgraben 52
D 90475 Nürnberg
born: 10.06.1943
Share: EUR 800,000.00
Shareholder:
Dr. Dirk C. Hamann
Hutgraben 3
D 90475 Nürnberg
born: 09.09.1968
Share: EUR 600,000.00
Shareholder:
Nils Henning Hamannn
Augraben 95a
D 90475 Nürnberg
born: 29.07.1972
Share: EUR 600,000.00
Manager:
Torsten Hamann
Bärenbühlgraben 52
D 90475 Nürnberg
having sole power of
representation
born: 10.06.1943
Profession: Fully
qualified merchant
Marital status: married
Manager:
Dr. Dirk C. Hamann
Hutgraben 3
D 90475 Nürnberg
having sole power of representation
born: 09.09.1968
Marital status: unknown
Proxy:
Dieter Zimmermann
Werkstr. 16
D 90579 Langenzenn
authorized to
jointly represent the company
born: 15.06.1957
Profession: graduate
engineer
Marital status: married
Further functions/participations of Torsten
Hamann (Manager)
Manager:
GUPE
Vermögensverwaltungsgesellschaft mbH
Lechstr. 28
D 90451 Nürnberg
Legal form: Private
limited company
Share capital: EUR
25,564.59
Registered
on: 13.08.1996
Reg. data: 90402 Nürnberg, HRB 14127
Further functions/participations of Dr. Dirk
C. Hamann (Manager)
Manager:
GUPE Vermögensverwaltungsgesellschaft mbH
Lechstr. 28
D 90451 Nürnberg
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 13.08.1996
Reg. data: 90402 Nürnberg, HRB 14127
12.12.1972 - 18.12.2003 AKEMI chem. techn. Spezialfabrik Erich
Höntsch Gesellschaft mit
Lechstr. 28
D 90451 Nürnberg
Private limited
company
Main
industrial sector
20590
Manufacture of other chemical products n.e.c.
4675
Wholesale of chemical products
Shareholder:
GUPE
Vermögensverwaltungsgesellschaft mbH
Lechstr. 28
D 90451 Nürnberg
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,564.59
Share: EUR 25,564.59
Reg. data: 13.08.1996
Local court
90402 Nürnberg
HRB 14127
Payment experience: cash
discount/within agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2012
Type of ownership: Tenant
Address Lechstr.
28
D 90451 Nürnberg
Type of ownership: proprietor
Share: 100.00 %
Address Lechstr.
32
D 90451 Nürnberg
Value at selling price: EUR
1,700,000.00
Real Estate of: Torsten
Hamann
Type of ownership: unknown
Address Bärenbühlgraben
52
D 90475 Nürnberg
Land register documents were not available.
Principal bank
SPARKASSE NÜRNBERG, 90327 NÜRNBERG, MITTELFR
Sort. code: 76050101
BIC: SSKNDE77XXX
Further banks
COMMERZBANK VORMALS DRESDNER BANK, 90327
NÜRNBERG, MITTELFR
Sort. code: 76080040
BIC: DRESDEFF760
POSTBANK, 90322 NÜRNBERG, MITTELFR
Sort. code: 76010085
BIC: PBNKDEFFXXX
Equipment: EUR 263,273.00
Ac/ts receivable: EUR 4,701,727.00
Liabilities: EUR 6,404,074.00
Total numbers of vehicles: 12
-
Lorries:
1
-
Passenger cars:
2
Employees: 74
-
thereof permanent staff: 74
Balance
sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 45.78
Liquidity ratio: 0.76
Return on total capital [%]: 8.55
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 44.60
Liquidity ratio: 0.76
Return on total capital [%]: 7.34
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 39.73
Liquidity ratio: 0.73
Return on total capital [%]: 8.05
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 36.38
Liquidity ratio: 0.58
Return on total capital [%]: 6.24
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 15,250,404.18
Fixed assets
EUR 7,724,457.36
Intangible assets
EUR 44,246.00
Concessions, licences, rights
EUR 44,246.00
Tangible assets
EUR 3,864,456.31
Land / similar rights
EUR 2,905,279.31
Plant / machinery
EUR 695,904.00
Other tangible assets / fixtures and
fittings
EUR 263,273.00
Financial assets
EUR 3,815,755.05
Shares in participations /
subsidiaries and the like
EUR 3,815,755.05
Shares in related companies
EUR 3,815,755.05
Current assets
EUR 7,396,210.82
Stocks
EUR 2,482,994.00
Raw materials, consumables and
supplies
EUR 1,055,476.00
Finished goods / work in progress
EUR 1,427,518.00
Accounts receivable
EUR 4,701,726.95
Trade debtors
EUR 2,457,134.30
Amounts due from related companies
EUR 2,105,983.72
Other debtors and assets
EUR 138,608.93
Liquid means
EUR 211,489.87
Remaining other assets
EUR 129,736.00
Accruals (assets)
EUR 129,736.00
thereof disagio
EUR 82,224.00
LIABILITIES EUR 15,250,404.18
Shareholders' equity EUR 6,981,596.62
Capital
EUR 2,000,000.00
Subscribed capital (share capital)
EUR 2,000,000.00
Reserves
EUR 2,000,000.00
Retained earnings / revenue reserves EUR 2,000,000.00
Balance sheet profit/loss (+/-)
EUR 2,981,596.62
Balance sheet profit / loss
EUR 2,981,596.62
Provisions
EUR 1,864,733.80
Pension
provisions and comparable
provisions
EUR 979,914.00
Provisions for taxes
EUR 139,702.00
Other / unspecified provisions
EUR 745,117.80
Liabilities EUR 6,404,073.76
Financial debts
EUR 4,309,311.30
Liabilities due to banks
EUR 4,309,311.30
Other liabilities
EUR 2,094,762.46
Trade creditors (for IAS incl. bills
of exchange)
EUR 1,067,384.57
Unspecified other liabilities
EUR 1,027,377.89
thereof liabilities from tax /
financial authorities
EUR 57,000.00
thereof liabilities from social
security
EUR 20,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 10,654,166.08
Staff expenses
EUR 4,710,256.13
Wages and salaries
EUR 4,051,527.89
Social security contributions and
expenses for pension plans and
benefits
EUR 658,728.24
Total depreciation
EUR 316,462.39
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 316,462.39
Other operating expenses
EUR 3,170,630.63
Operating result from continuing
operations
EUR 2,456,816.93
Result from participating interests
(+/-)
EUR 81,362.90
Expenses / income from participations
EUR 81,362.90
Income from related companies
EUR 81,362.90
Interest result (+/-)
EUR -171,973.39
Interest and similar income
EUR 58,494.24
Interest and similar expenses
EUR 230,467.63
Other financial result
EUR -494,951.00
Depreciation on financial assets and
marketable securities
EUR 494,951.00
Financial
result (+/-) EUR -585,561.49
Result from ordinary operations (+/-)
EUR 1,871,255.44
Income tax / refund of income tax (+/-)EUR -562,737.24
Other taxes / refund of taxes
EUR -4,612.00
Tax
(+/-)
EUR -567,349.24
Annual surplus / annual deficit
EUR 1,303,906.20
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 13,280,287.78
Fixed assets
EUR 6,161,278.61
Intangible assets
EUR 63,448.00
Concessions, licences, rights
EUR 63,448.00
Tangible assets
EUR 2,849,124.56
Land / similar rights
EUR 1,925,436.31
Plant / machinery
EUR 573,869.00
Other tangible assets / fixtures and
fittings EUR 272,701.00
Advance payments made / construction
in progress
EUR 77,118.25
Financial assets
EUR 3,248,706.05
Shares in participations /
subsidiaries and the like
EUR 3,248,706.05
Shares in related companies
EUR 3,248,706.05
Current assets
EUR 7,000,158.17
Stocks
EUR 2,435,514.00
Raw materials, consumables and
supplies
EUR 1,044,496.00
Finished goods / work in progress
EUR 1,391,018.00
Accounts receivable
EUR 3,665,302.95
Trade debtors
EUR 2,024,197.94
Amounts due from related companies
EUR 1,402,789.05
Other debtors and assets
EUR 238,315.96
Liquid means
EUR 899,341.22
Remaining other assets
EUR 118,851.00
Accruals (assets)
EUR 118,851.00
thereof disagio
EUR 88,826.00
LIABILITIES EUR
13,280,287.78
Shareholders' equity
EUR 5,922,890.42
Capital
EUR 500,000.00
Subscribed capital (share capital)
EUR 500,000.00
Reserves EUR 3,500,000.00
Capital reserves
EUR 28,533.15
Retained earnings / revenue reserves EUR 3,471,466.85
Balance sheet profit/loss (+/-)
EUR 1,922,890.42
Balance
sheet profit / loss EUR 1,922,890.42
Provisions
EUR 1,626,025.00
Pension provisions and comparable
provisions
EUR 940,542.00
Provisions for taxes
EUR 68,758.00
Other / unspecified provisions
EUR 616,725.00
Liabilities
EUR 5,731,372.36
Financial debts
EUR 3,697,906.70
Liabilities due to banks
EUR 3,697,906.70
Other liabilities
EUR 2,033,465.66
Trade creditors (for IAS incl. bills
of exchange)
EUR 914,681.04
Unspecified other liabilities
EUR 1,118,784.62
thereof liabilities from tax /
financial authorities
EUR 50,000.00
thereof liabilities from social
security
EUR 37,000.00
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 8,884,533.62
Staff expenses
EUR 4,302,741.01
Wages and salaries
EUR 3,658,324.00
Social security contributions and
expenses for pension plans and
benefits
EUR 644,417.01
Total depreciation
EUR 294,701.57
Depreciation
on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 294,701.57
Other operating expenses
EUR 2,803,616.03
Operating result from continuing
operations
EUR 1,483,475.01
Result from participating interests
(+/-)
EUR 101,394.79
Expenses / income from participations EUR 101,394.79
Income from related companies
EUR 101,394.79
Interest result (+/-)
EUR -174,419.67
Interest and similar income
EUR 47,336.58
Interest and similar expenses
EUR 221,756.25
Other financial result
EUR -25,499.00
Depreciation on financial assets and
marketable securities
EUR 25,499.00
Financial result (+/-)
EUR -98,523.88
Result from ordinary operations (+/-)
EUR 1,384,951.13
Income tax / refund of income tax (+/-)EUR -405,160.76
Other taxes / refund of taxes
EUR -5,020.00
Tax
(+/-)
EUR -410,180.76
Annual surplus / annual deficit
EUR 974,770.37
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.85 |
|
|
1 |
Rs.94.96 |
|
Euro |
1 |
Rs.69.10 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NIT |
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.