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Report No. : |
344598 |
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Report Date : |
15.10.2015 |
IDENTIFICATION DETAILS
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Name : |
AQVIDA GMBH |
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Registered Office : |
Kaiser-Wilhelm-Str. 89 D 20355 Hamburg |
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Country : |
Germany |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
13.05.2005 |
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Com. Reg. No.: |
HRB
94083 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
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No. of Employees : |
13 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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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 5.2% 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. The German economy suffers from low levels of investment, and a government plan to invest 15 billion euros 2016-18, largely in infrastructure, is intended to spur needed private investment. 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 accounted for 27.8% of gross electricity consumption in 2014, 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. Extremely low inflation, caused largely by low global energy prices and a weak euro, are expected to boost German GDP growth in 2015.
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Source
: CIA |
AQVIDA GMBH
Kaiser-Wilhelm-Str.
89
D 20355
Hamburg
Telephone:040/3803719-0
Telefax: 040/3803719-2
Homepage:
www.aqvida.com
E-mail: info@aqvida.com
Active
DE814418869
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 13.05.2005
Shareholders'
agreement: 13.05.2005
Registered on: 28.06.2005
Commercial Register: Local court 20355 Hamburg
under: HRB
94083
Share capital: EUR 50,000.00
Shareholder:
Wolfgang Heinze
Rendsburger Str. 7
D 20359 Hamburg
born: 02.07.1974
Share: EUR 50,000.00
Manager:
Wolfgang Heinze
Rendsburger Str. 7
D 20359 Hamburg
having sole power of representation
born: 02.07.1974
Further functions/participations of Wolfgang
Heinze (Manager)
Shareholder:
Medfair GmbH
Eichenstr. 52
D 20255 Hamburg
Legal form: Private
limited company
Share capital: EUR 25,500.00
Share: EUR 25,500.00
Registered
on: 13.09.1999
Reg. data: 20355 Hamburg, HRB 72555
Shareholder:
Nutri-Med Germany GmbH
Kaiser-Wilhelm-Str. 89
D 20355 Hamburg
Legal form: Private
limited company
Share capital: EUR 50,000.00
Share: EUR 20,000.00
Registered
on: 07.09.2010
Reg. data: 20355 Hamburg, HRB 115105
Manager:
Medfair GmbH
Eichenstr. 52
D 20255 Hamburg
Legal form: Private
limited company
Share capital: EUR 25,500.00
Registered
on: 13.09.1999
Reg. data: 20355 Hamburg, HRB 72555
Practising person:
Wolfgang Heinze
Grupellostr. 20a
D 40210 Düsseldorf
Legal form: Independent
profession
28.06.2005 - 03.01.2007 AqVida GmbH
Palmaille 98
D 22767 Hamburg
Private limited company
Sectors
2120
Manufacture of pharmaceutical preparations
46461 Wholesale of pharmaceutical goods
46462 Wholesale of medical and orthopedic goods,
dental and laboratory supplies
7022 Business and other management consultancy
activities
Payment
experience: within agreed terms
Balance
sheet year: 2013
Type of ownership: Tenant
Address Kaiser-Wilhelm-Str.
89
D
20355 Hamburg
Land register documents were not available.
COMMERZBANK, 24903 FLENSBURG
Sort. code: 21540060, Account no.: 211672100
BIC: COBADEFFXXX, IBAN: DE80215400600211672100
UNICREDIT BANK - HYPOVEREINSBANK, 20454
HAMBURG
Sort. code: 20030000
BIC: HYVEDEMM300
Turnover: 2013 EUR 8,200,000.00
2014 EUR 8,200,000.00
Profit: 2013 EUR 693,137.00
further business figures:
Equipment: *EUR 81,000.00
Ac/ts receivable: EUR 2,172,168.00
Liabilities: EUR 2,570,570.00
Employees: 13
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 [%]: 34.33
Liquidity ratio: 1.09
Return on total capital [%]: 16.78
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 23.01
Liquidity ratio: 0.96
Return on total capital [%]: 15.27
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 13.40
Liquidity ratio: 0.83
Return on total capital [%]: 2.05
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 17.17
Liquidity ratio: 1.03
Return on total capital [%]: 13.79
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
Origin
of the present
balance sheet: electronic
German Federal Gazette
Financial year: 01.01.2013 - 31.12.2013
ASSETS EUR 4,678,724.23
Fixed assets EUR 1,258,701.00
Intangible assets EUR 1,096,538.00
Tangible assets EUR 153,913.00
Financial assets EUR 8,250.00
Other / unspecified financial assets
EUR 8,250.00
Current assets EUR 3,414,094.23
Stocks EUR 769,039.71
Accounts receivable EUR 2,172,168.02
Liquid means EUR 472,886.50
Remaining other assets EUR 5,929.00
Accruals (assets) EUR 5,929.00
LIABILITIES EUR 4,678,724.23
Shareholders' equity EUR 1,861,424.77
Capital EUR 50,000.00
Subscribed capital (share capital) EUR 50,000.00
Reserves EUR 150,000.00
Retained earnings / revenue reserves
EUR 150,000.00
Balance sheet profit/loss (+/-) EUR
1,661,424.77
Profit / loss brought forward EUR 968,288.04
Annual surplus / annual deficit EUR 693,136.73
Provisions EUR 246,729.84
Liabilities EUR 2,570,569.62
Type of balance
sheet: Company balance sheet
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 3,703,160.76
Fixed assets EUR 962,059.12
Intangible assets EUR 821,439.12
Tangible assets EUR 140,620.00
Current assets EUR 2,730,856.64
Stocks EUR 374,163.86
Accounts receivable EUR 2,311,187.84
Liquid means EUR 45,504.94
Remaining other assets EUR 10,245.00
Accruals (assets) EUR 10,245.00
LIABILITIES EUR 3,703,160.76
Shareholders' equity EUR 1,168,288.04
Capital EUR 50,000.00
Subscribed capital (share capital) EUR 50,000.00
Reserves EUR 150,000.00
Retained earnings / revenue reserves EUR 150,000.00
Balance sheet profit/loss (+/-) EUR 968,288.04
Profit / loss brought forward EUR 465,522.11
Annual surplus / annual deficit EUR 502,765.93
Provisions EUR 92,407.84
Liabilities
EUR 2,442,464.88
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.11 |
|
UK Pound |
1 |
Rs.99.50 |
|
Euro |
1 |
Rs.74.24 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
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|
|
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Report Prepared
by : |
VNT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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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.