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Report No. : |
321785 |
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Report Date : |
08.05.2015 |
IDENTIFICATION DETAILS
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Name : |
IFG INNOVATIVE FOOD GERMANY GMBH |
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Registered Office : |
Am Brückhof 8, D 47877 Willich |
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Country : |
Germany |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
30.11.2007 |
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Com. Reg. No.: |
HRB 11796 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesale of Food |
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No. of Employees : |
01 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small Company |
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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 |
|
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, 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 |
IFG INNOVATIVE FOOD GERMANY GMBH
Company Status: active
Am Brückhof 8
D 47877 Willich
Telephone:02156/915401
Telefax:
02156/915401
E-mail:
m.heintges@nunhems.com
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 30.11.2007
Shareholders'
agreement: 30.11.2007
Registered on: 28.12.2007
Commercial Register: Local court 47798 Krefeld
under:
HRB 11796
Share capital: EUR 25,000.00
Shareholder:
Dr. Michael Heintges
An der Kollenburg 1
D 47877 Willich
born: 12.12.1967
Share: EUR 12,500.00
Shareholder:
Shivashankargoud Biradar
Appasaheb
IND Bangalore
born: 01.06.1964
Share: EUR 12,500.00
Manager:
Dr. Michael Heintges
An der Kollenburg 1
D 47877 Willich
having sole power of
representation
born: 12.12.1967
30.11.2007 - 30.08.2010 IFG Innovative Food Germany GmbH
An der Kollenburg 1
D 47877 Willich
Private limited
company
Main
industrial sector
46389
Wholesale of food n.e.c.
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Type of ownership: Tenant
Address Am Brückhof 8
D 47877 Willich
Land register documents were not available.
DEUTSCHE BANK, 47877 WILLICH
Sort. code: 32070080
BIC: DEUTDEDD320
Turnover: 2014 EUR 1,600,000.00
Equipment:
*EUR 8,000.00
Ac/ts receivable: EUR
390,979.00
Liabilities: EUR 226,892.00
Employees:
1
The
business figures marked with an asterisk are estimates based
on
average values in the line of business.
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 51.80
Liquidity ratio: 1.84
Return on total capital [%]: -15.72
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 51.52
Liquidity ratio: 1.15
Return on total capital [%]: 14.86
Balance
sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 28.86
Liquidity ratio: 0.77
Return on total capital [%]: 9.93
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 35.19
Liquidity ratio: 0.73
Return on total capital [%]: 6.39
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: 01.01.2013 - 31.12.2013
ASSETS EUR 480,368.08
Fixed assets
EUR 54,370.00
Intangible assets EUR 2,714.00
Tangible assets
EUR 6.00
Financial assets
EUR 51,650.00
Other / unspecified financial assets EUR 51,650.00
Current assets
EUR 423,475.93
Stocks
EUR 17,523.69
Accounts receivable
EUR 390,978.93
Liquid means
EUR 14,973.31
Remaining other assets
EUR 2,522.15
Accruals (assets)
EUR 2,522.15
LIABILITIES EUR 480,368.08
Shareholders' equity
EUR 249,475.84
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR 224,475.84
Profit / loss brought forward
EUR 224,475.84
Provisions
EUR 4,000.00
Liabilities
EUR 226,892.24
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 628,397.98
Fixed assets
EUR 56,436.00
Intangible assets
EUR 4,387.00
Other
/ unspecified intangible assetsEUR
4,387.00
Tangible assets
EUR 399.00
Other / unspecified tangible assets
EUR 399.00
Financial assets
EUR 51,650.00
Other / unspecified financial assets EUR 51,650.00
Current assets
EUR 571,124.28
Stocks
EUR 240,619.02
Accounts receivable
EUR 325,186.66
Other debtors and assets
EUR 325,186.66
Liquid means
EUR 5,318.60
Remaining other assets
EUR 837.70
Accruals (assets) EUR 837.70
LIABILITIES EUR 628,397.98
Shareholders' equity
EUR 324,793.04
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR 299,793.04
Profit / loss brought forward
EUR 299,793.04
Provisions
EUR 14,305.00
Liabilities
EUR 289,299.94
Other liabilities
EUR 289,299.94
Unspecified other liabilities
EUR 289,299.94
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.88 |
|
|
1 |
Rs.97.21 |
|
Euro |
1 |
Rs.72.51 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
TPT |
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.