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Report No. : |
324024 |
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Report Date : |
25.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
ALBERDINGK BOLEY GMBH |
|
|
|
|
Registered Office : |
Düsseldorfer
Str. 53, D 47829 Krefeld, Post Box: 11 14 46, D 47815 Krefeld |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Year of Establishment : |
1828 |
|
|
|
|
Com. Reg. No.: |
HRB
4051 |
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|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
·
Manufacture
of oils and fats (except margarine or similar
edible fats) · Manufacture of other chemical products ·
Wholesale
of chemical products |
|
|
|
|
No. of Employees : |
252 |
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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|
|
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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 |
|
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 |
ALBERDINGK BOLEY GMBH
Düsseldorfer
Str. 53
D 47829
Krefeld
Post
Box:
11 14
46, D 47815 Krefeld
Telephone:
02151/528-0
Telefax: 02151/573643
Homepage:
www.alberdingk-boley.de
E-mail: info@alberdingk-boley.de
Active
DE120154705
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1828
Shareholders'
agreement: 02.02.1990
Registered on: 19.03.1990
Commercial Register: Local court 47798 Krefeld
under: HRB
4051
Share capital: EUR
15,000,000.00
Number of
shareholders:
40
Shareholder total capital: EUR
15,000,000.00
Manager:
Timm Wiegmann
An Kleinhütten
D 47800 Krefeld
born: 20.08.1961
Profession: graduate
engineer
Marital status: married
Proxy:
Bernd Schwickerath-Koch
Maria-Kasper-Str. 45
D 41236 Mönchengladbach
authorized to jointly
represent the company
born: 04.03.1955
Marital status: married
Proxy:
Dr.rer.nat. Gerhard Leinz
Schürmesweg 8
D 47802 Krefeld
authorized to jointly
represent the company
born: 23.06.1952
Marital status: married
Proxy:
Robert Allmüller
Bogenstr. 65
D 47799 Krefeld
authorized to jointly
represent the company
born: 03.08.1962
Profession: graduate
engineer
Marital status: married
Proxy:
Thomas Baur
D 40210 Düsseldorf
authorized to jointly
represent the company
born: 28.10.1980
Proxy:
Johannes Leib
D 47829 Krefeld
authorized to jointly
represent the company
born: 07.06.1957
Further functions/participations of Timm
Wiegmann (Manager)
General partner:
Frank Oehmke und Timm
Wiegmann
Dahlerdyk 31
D 47803 Krefeld
Legal form: Partnership
under the Civil Code
Manager:
Polytan Beteiligungs GmbH
Düsseldorfer Str. 53
D 47829 Krefeld
Legal form: Private
limited company
Share capital: EUR 1,000,000.00
Registered
on: 14.04.2003
Reg. data: 47798 Krefeld, HRB 7988
Manager:
Polyshare GmbH
Düsseldorfer Str. 53
D 47829 Krefeld
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 29.11.2006
Reg. data: 47798 Krefeld, HRB 11302
27.01.2012 - 04.11.2014 Manager
Martin Weiland
D 53639 Königswinter
09.01.2009 - 24.01.2014 Manager
Frank-Werner Dreisörner
D 47803 Krefeld
Main industrial sector
10410
Manufacture of oils and fats (except margarine or similar edible fats)
20590 Manufacture of other chemical products
n.e.c.
46750 Wholesale of chemical products
Branch:
Alberdingk Boley GmbH
Zeißstr. 21
D 50171 Kerpen
TEL.: 02237/53047
Shareholder:
Polytan Beteiligungs GmbH
Düsseldorfer Str. 53
D 47829 Krefeld
Legal form: Private
limited company
Company Status: active
Share capital: EUR 1,000,000.00
Share: EUR 1,000,000.00
Reg. data: 14.04.2003
Local court
47798 Krefeld
HRB 7988
Shareholder:
Polyshare GmbH
Düsseldorfer Str. 53
D 47829 Krefeld
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 29.11.2006
Local court
47798 Krefeld
HRB 11302
Foreign participations:
- Alberdingk Resins Co. Ltd., Shenzen/China
(100%)
- Thai Castor Oil Industries Company Ltd.,
Bangkok/Thailand
(24,50%)
Payment
experience: within agreed terms
Negative
information: We have no negative information at hand.
Balance
sheet year: 2013
Type of ownership: proprietor
Share: 100.00 %
Address
Düsseldorfer Str. 53
D 47829 Krefeld
Type of ownership: proprietor
Share: 100.00 %
Address Düsseldorfer Str. 101
D 47809 Krefeld
Size: 14,000.00 sq.m
Type of ownership: proprietor
Share: 100.00 %
Address Dammstr. 2
D 47829 Krefeld
Type of ownership: proprietor
Share: 100.00 %
Address Düsseldorfer Str. 35
D 47829 Krefeld
Type of ownership: proprietor
Share: 100.00 %
Address Düsseldorfer Str. 39
D 47829 Krefeld
Type of ownership: proprietor
Share: 100.00 %
Address Zeißstr. 21
D 50171 Kerpen
Land register documents were not available.
Principal bank
DEUTSCHE BANK, 47707 KREFELD
Sort. code: 32070080
BIC: DEUTDEDD320
Further banks
COMMERZBANK VORMALS DRESDNER BANK, 47705 KREFELD
Sort. code: 32080010
BIC: DRESDEFF320
SPARKASSE KREFELD, 47719 KREFELD
Sort. code: 32050000
BIC: SPKRDE33XXX
HSBC TRINKAUS & BURKHARDT, 40002
DÜSSELDORF
Sort. code: 30030880
BIC: TUBDDEDDXXX
COMMERZBANK, 47705 KREFELD
Sort. code: 32040024
BIC: COBADEFFXXX
Turnover: 2013 EUR 162,282,048.00
2014 EUR 160,000,000.00
Profit: 2013 EUR 4,401,890.00
further business figures:
Equipment: EUR 630,152.00
Ac/ts receivable: EUR 25,482,277.00
Liabilities: EUR 41,869,771.00
Employees: 252
- thereof permanent staff: 252
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 60.97
Liquidity ratio: 0.85
Return on total capital [%]: 4.15
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 61.86
Liquidity ratio: 0.83
Return on total capital [%]: 3.97
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 60.38
Liquidity ratio: 0.86
Return on total capital [%]: 5.70
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 61.78
Liquidity ratio: 0.94
Return on total capital [%]: 4.00
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 109,500,332.49
Fixed assets EUR 55,703,604.92
Intangible assets EUR 183,242.63
Concessions, licences, rights EUR 183,242.63
Tangible assets EUR 14,407,451.33
Land / similar rights EUR 6,429,686.26
Plant / machinery EUR
7,103,405.45
Other tangible assets / fixtures and
fittings EUR 630,151.67
Advance payments made / construction
in progress EUR 244,207.95
Financial assets EUR 41,112,910.96
Shares in participations /
subsidiaries and the like EUR 12,242,803.13
Shares in related companies EUR 11,865,054.61
Shares in investee companies EUR 377,748.52
Loans to participations /
subsidiaries and the like EUR 28,844,607.83
Loans to related companies EUR 28,844,607.83
Other loans EUR 25,500.00
Current assets EUR 53,695,220.11
Stocks EUR 27,631,209.11
Raw materials, consumables and
supplies EUR 4,312,829.54
Finished goods / work in progress EUR
22,925,737.46
Advance payments made EUR 392,642.11
Accounts receivable EUR 25,482,276.65
Trade debtors EUR 17,248,329.96
Amounts due from related companies EUR
7,458,485.80
Other debtors and assets EUR 775,460.89
Liquid means EUR 581,734.35
Remaining other assets EUR 101,507.46
Accruals (assets) EUR 64,062.30
Active difference from asset
offsetting EUR 37,445.16
LIABILITIES EUR 109,500,332.49
Shareholders' equity EUR 55,481,561.16
Capital EUR 14,418,600.00
Subscribed capital (share capital) EUR
15,000,000.00
Other capital EUR -581,400.00
Reserves EUR 36,135,646.35
Capital reserves EUR 15,125,817.63
Retained earnings / revenue reserves
EUR 21,009,828.72
Balance sheet profit/loss (+/-) EUR 4,927,314.81
Profit / loss brought forward EUR 525,425.07
Annual surplus / annual deficit EUR 4,401,889.74
Provisions EUR 12,149,000.45
Pension provisions and comparable
provisions EUR 9,082,897.00
Provisions for taxes EUR 149,637.00
Other / unspecified provisions EUR 2,916,466.45
Liabilities EUR 41,869,770.88
Financial debts EUR 20,069,690.84
Liabilities due to banks EUR 20,069,690.84
Other liabilities EUR 21,800,080.04
Trade creditors (for IAS incl. bills
of exchange) EUR 7,433,501.48
Liabilities from received advance
payments EUR 40,515.20
Liabilities due to shareholders EUR 11,284,583.80
Liabililties due to related
companiesEUR 1,006.25
Unspecified other liabilities EUR 3,040,473.31
thereof liabilities from tax /
financial authorities EUR 522,391.64
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 162,282,048.31
Inventory change + own costs (+/-) EUR -366,199.76
Inventory change (+/-) EUR -366,199.76
Other operating income EUR 715,302.62
Cost of materials EUR 121,175,393.88
Raw materials and supplies, purchased
goods EUR 121,173,589.13
Purchased services EUR 1,804.75
Gross result (+/-) EUR 41,455,757.29
Staff expenses EUR 16,629,262.95
Wages and salaries EUR 13,934,675.22
Social security contributions and
expenses for pension plans and
benefits EUR 2,694,587.73
Total depreciation EUR 2,365,145.48
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 2,365,145.48
Other operating expenses EUR 15,182,975.03
Operating result from continuing
operations EUR 7,278,373.83
Result from participating interests
(+/-) EUR 949,551.79
Expenses / income from participations
EUR 949,551.79
Income from transfer of profits EUR 900,987.83
Income from related companies
EUR 48,563.96
Interest result (+/-) EUR -1,809,435.78
Interest and similar income EUR 123,344.81
thereof from related companies EUR 119,015.54
Interest and similar expenses EUR 1,932,780.59
Other financial result EUR 144,223.04
Income from securities and loans from
financial assets EUR 144,223.04
thereof related companies EUR 144,223.04
Financial result (+/-) EUR -715,660.95
Result from ordinary operations (+/-) EUR
6,562,712.88
Extraordinary expenses EUR 139,291.00
Extraordinary result (+/-) EUR -139,291.00
Income tax / refund of income tax
(+/-)EUR -1,967,325.29
Other taxes / refund of taxes EUR -54,206.85
Tax (+/-) EUR -2,021,532.14
Annual surplus / annual deficit EUR 4,401,889.74
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 106,133,324.23
Fixed assets EUR 55,724,635.14
Intangible assets EUR 300,334.84
Concessions, licences, rights EUR 300,334.84
Tangible assets EUR
14,311,389.34
Land / similar rights EUR 6,959,781.18
Plant / machinery EUR 6,659,902.87
Other tangible assets / fixtures and
fittings EUR 590,056.48
Advance payments made / construction
in progress EUR 101,648.81
Financial assets EUR 41,112,910.96
Shares in participations /
subsidiaries and the like EUR
12,242,803.13
Shares in related companies EUR 11,865,054.61
Shares in investee companies EUR 377,748.52
Loans to participations /
subsidiaries and the like EUR 28,844,607.83
Loans to related companies EUR 28,844,607.83
Other loans EUR 25,500.00
Current assets EUR 50,293,499.14
Stocks EUR 26,208,914.70
Raw materials, consumables and
supplies EUR 6,996,091.45
Finished goods / work in progress EUR
19,212,823.25
Accounts receivable EUR 24,053,188.75
thereof total due from shareholders EUR 0.00
Trade debtors EUR 14,915,855.77
Amounts due from related companies EUR
7,276,954.56
Other debtors and assets EUR 1,860,378.42
Liquid means EUR 31,395.69
Remaining other assets EUR 115,189.95
Accruals (assets) EUR 76,326.82
Active difference from asset
offsetting EUR 38,863.13
LIABILITIES EUR 106,133,324.23
Shareholders' equity EUR 54,579,671.42
Capital EUR 14,418,600.00
Subscribed capital (share capital)
EUR 15,000,000.00
Other capital EUR -581,400.00
Reserves EUR 35,256,501.98
Capital reserves EUR 15,125,817.63
Retained earnings / revenue reserves
EUR 20,130,684.35
Balance sheet profit/loss (+/-) EUR 4,904,569.44
Profit / loss brought forward EUR 827,558.04
Annual surplus / annual deficit EUR 4,077,011.40
Provisions EUR 11,625,544.02
Pension provisions and comparable
provisions EUR 8,389,935.00
Provisions for taxes EUR 342,723.00
Other / unspecified provisions EUR 2,892,886.02
Liabilities EUR 39,928,108.79
Financial debts EUR 17,796,943.53
Liabilities due to banks EUR 17,796,943.53
Other liabilities EUR 22,131,165.26
Trade creditors (for IAS incl. bills
of exchange) EUR 7,923,635.31
Liabilities from received advance
payments EUR 4,479.00
Liabilities due to shareholders EUR 11,077,287.45
Unspecified other liabilities EUR 3,125,763.50
thereof liabilities from tax /
financial authorities EUR 387,824.72
Guarantees and other commitments EUR 820,927.00
Guarantees / warranties EUR 820,927.00
Guarantees EUR 820,927.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 159,936,217.71
Inventory change + own costs (+/-) EUR
-1,436,392.04
Inventory change (+/-) EUR -1,436,392.04
Other operating income EUR 762,042.70
Cost of materials EUR 119,924,883.36
Raw materials and supplies, purchased
goods EUR 119,918,135.92
Purchased services EUR 6,747.44
Gross result (+/-) EUR 39,336,985.01
Staff expenses EUR 15,925,560.36
Wages and salaries EUR 13,273,891.69
Social security contributions and
expenses for pension plans and
benefits EUR 2,651,668.67
Total depreciation EUR 2,173,027.97
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 2,173,027.97
Other operating expenses EUR 14,273,793.81
Operating result from continuing
operations EUR 6,964,602.87
Result from participating interests
(+/-) EUR 888,188.37
Expenses / income from participations
EUR 888,188.37
Income from transfer of profits EUR 839,564.17
Income from related companies EUR 48,624.20
Interest result (+/-) EUR -1,883,550.30
Interest and similar income EUR 19,116.89
thereof from related companies EUR 9,027.22
Interest and similar expenses EUR 1,902,667.19
Other financial result EUR 31,954.16
Income from securities and loans from
financial assets EUR 31,954.16
thereof related companies EUR 31,954.16
Financial result (+/-) EUR -963,407.77
Result from ordinary operations (+/-) EUR
6,001,195.10
Extraordinary expenses EUR 140,608.00
Extraordinary result (+/-) EUR -140,608.00
Income tax / refund of income tax
(+/-)EUR -1,742,038.05
Other taxes / refund of taxes EUR -41,537.65
Tax (+/-) EUR -1,783,575.70
Annual surplus / annual deficit EUR 4,077,011.40
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.57 |
|
|
1 |
Rs.99.67 |
|
Euro |
1 |
Rs.70.83 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
VNT |
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.