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MIRA
INFORM REPORT
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Report No. : |
503242 |
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Report Date : |
10.04.2018 |
IDENTIFICATION DETAILS
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Name : |
PLANT LIPIDS EUROPE GMBH |
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Registered Office : |
Rockwinkeler Landstr. 117A D
28325 Bremen |
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Country : |
Germany |
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Financials (as on) : |
31.03.2016 |
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Date of Incorporation : |
12.06.2008 |
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Com. Reg. No.: |
HRB 30029 |
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Legal Form : |
Private limited company |
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Line of Business : |
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No. of Employees : |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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Germany |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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 a large increase in 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 economic 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. The German Government introduced a minimum wage in 2015 that increased to $9.79 (8.84 euros) in January 2017.
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 2017 Germany reached a budget surplus of 0.7%. 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 during 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 largely with renewable energy, which accounted for 29.5% of gross electricity consumption in 2016, 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. Domestic consumption, investment, and exports are likely to drive German GDP growth in 2018, and the country’s budget and trade surpluses are likely to remain high.
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Source
: CIA |
Company
name and address
Plant Lipids Europe GmbH
Rockwinkeler Landstr. 117a
D 28325 Bremen
Telephone:0231/56558910
Homepage: www.plantlipids.com
E-mail: plantlipidseurope@plantlipids.com
Company
Status
Active
CONCLUSION
Business relations are permissible.
Company
summery
LEGAL FORM Private
limited company
Date of foundation: 12.06.2008
Shareholders'
agreement: 12.06.2008
Registered on: 13.01.2015
Commercial Register: Local court 28195 Bremen
under: HRB
30029 HB
Share capital: EUR 25,000.00
Shareholder:
Plant Lipids Ltd.
IND Kolenchery
Legal form: Other legal form
Share: EUR 25,000.00
Manager:
Ranjit Ramachandran
IND Kochi
having sole power of
representation
born: 09.11.1962
Nationality: Indian
COMPANY
HISTORY
company name and legal form
12.06.2008 - 13.01.2015 Plant Lipids Europe GmbH
Tronjestr. 10
D 44319 Dortmund
Private limited
company
BUSINESS
ACTIVITIES
Main industrial sector
10840 Manufacture of condiments and seasonings
46370 Wholesale of coffee, tea, cocoa and spices
FINANCIAL
INFORMATION
Payment experience: Unknown
Negative information: We have no negative information at hand.
Balance sheet year: 2015/2016
REAL
ESTATE
Type of ownership: Tenant
Address Rockwinkeler
Landstr. 117a
D 28325 Bremen
Land register documents were not available.
BANKERS
A bank connection is unknown.
FINANCIAL
FIGURES
Profit: 2015/2016 EUR -83,221.00
Ac/ts receivable: EUR 413,303.00
Liabilities: EUR
1,064,980.00
The number of employees is
not known.
BALANCE SHEETS
Balance sheet ratios
01.04.2015 - 31.03.2016
Equity ratio [%]: 19.48
Liquidity ratio: 0.45
Return on total capital
[%]: -6.26
Balance sheet ratios
01.01.2015 - 31.03.2015
Equity ratio [%]: 89.86
Liquidity ratio: 10.00
Return on total capital
[%]: -5.26
Balance sheet ratios
01.01.2014 - 31.12.2014
Equity ratio [%]: 59.55
Liquidity ratio: 2.56
Return on total capital
[%]: -34.56
Balance sheet ratios
01.01.2013 - 31.12.2013
Equity ratio [%]: 16.81
Liquidity ratio: 0.40
Return on total capital
[%]: 4.35
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: 01.04.2015 - 31.03.2016
ASSETS EUR 1,328,560.66
Fixed assets EUR 9,503.00
Intangible assets EUR 307.00
Tangible assets EUR 8,396.00
Financial assets EUR 800.00
Current assets EUR 1,319,057.66
Stocks EUR 755,538.65
Accounts receivable EUR 413,303.10
Liquid means EUR 150,215.91
LIABILITIES EUR 1,328,560.66
Shareholders' equity EUR 258,938.81
Capital EUR 25,000.00
Subscribed capital
(share capital) EUR 25,000.00
Balance sheet profit/loss
(+/-) EUR 233,938.81
Profit / loss brought
forward EUR 317,160.21
Annual surplus / annual
deficit EUR -83,221.40
Provisions EUR 4,642.00
Liabilities EUR
1,064,979.85
Type of balance
sheet: Company balance sheet
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2015 - 31.03.2015
ASSETS EUR
380,735.59
Fixed assets EUR 11,445.00
Intangible assets EUR 474.00
Tangible assets EUR 10,171.00
Financial assets EUR 800.00
Other / unspecified
financial assets EUR
800.00
Current assets EUR 364,928.62
Stocks EUR 116,537.09
Accounts receivable EUR 162,333.49
Liquid means EUR 86,058.04
Remaining other
assets EUR 4,361.97
Accruals (assets) EUR 4,361.97
LIABILITIES EUR 380,735.59
Shareholders' equity EUR 342,160.21
Capital EUR 25,000.00
Subscribed capital
(share capital) EUR 25,000.00
Balance sheet profit/loss
(+/-) EUR 317,160.21
Profit / loss brought
forward EUR 337,163.29
Annual surplus / annual
deficit EUR -20,003.08
Provisions EUR 4,505.00
Liabilities EUR 34,070.38
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.93 |
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1 |
INR 91.50 |
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Euro |
1 |
INR 79.69 |
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Euro |
1 |
INR 80.09 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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PRI |
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Report Prepared
by : |
TRU |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
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Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.