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MIRA
INFORM REPORT
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Report No. : |
492173 |
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Report Date : |
20.02.2018 |
IDENTIFICATION DETAILS
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Name : |
ALROKO GMBH & CO KG |
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Registered Office : |
Borsteler Chaussee 55, D 22453 Hamburg |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
27.04.1990 |
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Com. Reg. No.: |
HRA 100775 |
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Legal Form : |
Ltd partnership with priv. ltd. company as general partner |
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Line of Business : |
· Wholesale of other machinery ·
Non-specialized wholesale of raw materials and
half-finished and finished goods |
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No. of Employees : |
17 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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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 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, bolstered by low energy prices and a weak euro, and exports are likely to drive German GDP growth again in 2018.
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Source
: CIA |
Company name and address
Report on: Alroko GmbH & Co KG
Borsteler Chaussee 55
D 22453 Hamburg
Telephone:040/530045-0
Telefax: 040/530045-45
Homepage: www.alroko.de
E-mail: mail@alroko.de
Company Status: active
VAT no.: DE238099295
Tax ID number: 49/601/01400
Company summery
LEGAL FORM Ltd partnership with priv. ltd. company as general partner
Date of foundation: 27.04.1990
Begin of business
activities: 01.09.2004
Registered on: 01.09.2004
Register of
companies: Local court 20355 Hamburg
under: HRA 100775
Total cap. contribution: EUR 50,000.00
Limited partner:
Hasso Schwänke
Borsteler Chaussee 55
D 22453 Hamburg
born: 03.01.1948 in Schleswig
Share: EUR 50,000.00
General partner:
Alroko Verwaltungs-GmbH
Borsteler Chaussee 55
D 22453 Hamburg
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered on: 01.09.2004
Reg. data: 20355 Hamburg, HRB 91399
Shareholder:
Hasso Schwänke
Borsteler Chaussee 55
D 22453 Hamburg
born: 03.01.1948 in Schleswig
Share: EUR 25,000.00
Manager:
Hasso Schwänke
Borsteler Chaussee 55
D 22453 Hamburg
having sole power of representation
born: 03.01.1948 in Schleswig
Profession: Businessman
Marital status: married
Manager:
Ralf Raulinat
D 20149 Hamburg
having sole power of representation
born: 05.10.1979 in Hamburg
Proxy:
Julia Willer
D 22453 Hamburg
having sole power of representation
born: 23.11.1961
COMPANY HISTORY
company name and legal form
01.09.2004 - 04.08.2010 Alroko GmbH & Co KG
Hochallee 11
D 20149 Hamburg
Ltd partnership with priv. ltd. company
as general partner
BUSINESS ACTIVITIES
Sectors
46692 Wholesale of other machinery
46902 Non-specialized wholesale of raw materials and half-finished and finished goods
PARTICIPATIONS
Shareholder:
Kynol Europa GmbH
Borsteler Chaussee 55
D 22453 Hamburg
Legal form: Private limited company
Company Status: active
Share capital: EUR 153,387.56
Share: EUR 51,129.19
Reg. data: 09.10.1990
Local court 20355 Hamburg
HRB 45505
FINANCIAL INFORMATION
Payment experience: Regular
Negative information:We have no negative information at hand.
Balance sheet year: 2016
REAL ESTATE
Type of ownership: Tenant
Address Borsteler Chaussee 55
D 22453 Hamburg
Real Estate of: Alroko Verwaltungs-GmbH
Type of ownership: Tenant
Address Borsteler Chaussee 55
D 22453 Hamburg
Land register documents were not available.
BANKERS
DEUTSCHE BANK PRIVAT UND GESCHÄFTSKUNDEN, 20079 HAMBURG
Sort. code: 20070024, Account no.: 30790000
BIC: DEUTDEDBHAM, IBAN: DE23200700240030790000
HAMBURGER SPARKASSE, 20454 HAMBURG
Sort. code: 20050550, Account no.: 1282123122
BIC: HASPDEHHXXX, IBAN: DE98200505501282123122
FINANCIAL FIGURES
Turnover: 2016 EUR 5,887,288.00
Profit: 2016 EUR 231,970.00
Ac/ts
receivable:
EUR 546,044.00
Liabilities: EUR 663,399.00
Total numbers of
vehicles:
2
- Passenger
cars: 2
Employees:
17
- thereof permanent
staff:
12
- Part-time
employees: 3
- Trainees: 2
BALANCE SHEETS
Balance sheet ratios 01.01.2016 - 31.12.2016
Equity ratio [%]: 68.98
Liquidity ratio: 10.00
Return on total capital [%]: 9.55
Balance sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]: 55.45
Liquidity ratio: 10.00
Return on total capital [%]: 4.06
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 9.03
Liquidity ratio: 2.93
Return on total capital [%]: 8.07
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 10.87
Liquidity ratio: 10.00
Return on total capital [%]: 9.74
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.
financials
Type of balance
sheet: Company balance sheet
Origin of the present
balance sheet: self-disclosure
Financial year: 01.01.2016 - 31.12.2016
ASSETS EUR 2,429,969.83
Fixed assets EUR 122,171.64
Intangible assets EUR 3,876.00
Concessions, licences, rights EUR 3,876.00
Tangible assets EUR 36,140.00
Other tangible assets / fixtures and
fittings EUR 36,140.00
Financial assets EUR 82,155.64
Shares in participations /
subsidiaries and the like EUR 82,155.64
Shares in related companies EUR 82,155.64
Current assets EUR 2,302,058.12
Stocks
EUR 1,021,061.02
Finished goods / work in progress EUR 980,529.56
Advance payments made EUR 40,531.46
Accounts receivable EUR 546,043.99
Amounts due from shareholders EUR 0.00
Trade debtors EUR 542,053.21
Other debtors and assets EUR 3,990.78
Liquid means EUR 734,953.11
Remaining other assets EUR 5,740.07
Accruals (assets) EUR 5,740.07
LIABILITIES EUR 2,429,969.83
Shareholders' equity EUR 1,676,154.51
Capital EUR 25,000.00
Balance sheet profit/loss (+/-) EUR 1,651,154.51
Profit / loss brought forward EUR 1,419,184.60
Annual surplus / annual deficit EUR 231,969.91
Provisions EUR 40,416.00
Provisions for taxes EUR 11,844.00
Other / unspecified provisions EUR 28,572.00
Liabilities EUR 650,698.33
Other liabilities EUR 650,698.33
Trade creditors (for IAS incl. bills
of exchange) EUR 510,073.85
Liabilities from received advance
payments
EUR 43,718.26
Unspecified other liabilities EUR 96,906.22
thereof liabilities from tax /
financial authorities EUR 10,890.64
Other liabilities EUR 62,700.99
PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Sales EUR 5,887,288.42
Other operating income EUR 133,163.18
Cost of materials EUR 4,596,267.26
Raw materials and supplies, purchased
goods EUR 4,596,267.26
Gross result (+/-) EUR 1,424,184.34
Staff expenses EUR
693,195.27
Wages and salaries EUR 563,074.63
Social security contributions and
expenses for pension plans and
benefits EUR 130,120.64
Total depreciation EUR 18,130.62
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 18,130.62
Other operating expenses EUR 430,814.25
Operating result from continuing
operations EUR 282,044.20
Interest result (+/-) EUR -4,848.46
Interest and similar income EUR 4.65
Interest and similar expenses EUR 4,853.11
Financial result (+/-) EUR -4,848.46
Result from ordinary operations (+/-) EUR
277,195.74
Income tax / refund of income tax
(+/-)EUR -42,456.32
Other taxes / refund of taxes EUR -2,769.51
Tax (+/-) EUR -45,225.83
Annual surplus / annual deficit EUR 231,969.91
Type of balance
sheet: Company balance sheet
Origin of the present
balance sheet: self-disclosure
Financial year: 01.01.2015 - 31.12.2015
ASSETS EUR 2,580,758.22
Fixed assets EUR 102,584.64
Intangible assets EUR 10,521.00
Concessions, licences, rights EUR 10,521.00
Tangible assets EUR 9,908.00
Other tangible assets / fixtures and
fittings EUR 9,908.00
Financial assets EUR 82,155.64
Shares in participations /
subsidiaries and the like EUR 82,155.64
Shares in related companies EUR 82,155.64
Current assets EUR 2,473,755.05
Stocks EUR 1,134,303.34
Finished goods / work in progress EUR
1,119,928.40
Advance payments made EUR 14,374.94
Accounts receivable EUR 653,830.15
Amounts due from shareholders EUR 1,320.00
Trade debtors EUR 469,746.36
Other debtors and assets EUR 182,763.79
Liquid means EUR 685,621.56
Remaining other assets EUR 4,418.53
Accruals (assets) EUR 4,405.12
Other assets EUR 13.41
LIABILITIES EUR 2,580,758.22
Shareholders' equity EUR 1,431,713.78
Capital EUR 75,000.00
Capital of the fully liable partner
(LP, general partnership) EUR 25,000.00
Fixed capital / accounts, capital
account I EUR 25,000.00
Limited partner's capital / capital
of partially liable partner (LP) EUR 50,000.00
Limited partner's capital, fixed
capital, capital account I EUR 50,000.00
Balance sheet profit/loss (+/-) EUR 1,356,713.78
Profit / loss brought forward EUR 1,252,031.89
Annual surplus / annual deficit EUR 104,681.89
Items between shareholders' equity and
debt capital EUR 325,000.00
Mezzanine financing EUR 325,000.00
Contributions of silent partners EUR 325,000.00
Provisions EUR 99,000.00
Other / unspecified provisions EUR 99,000.00
Liabilities EUR 725,044.44
Other liabilities EUR 725,044.44
Trade creditors (for IAS incl. bills
of exchange) EUR 547,634.35
Liabilities from received advance
payments EUR 87,542.86
Unspecified other liabilities EUR 89,867.23
thereof liabilities from tax /
financial authorities EUR 9,593.35
PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Sales EUR 5,761,720.00
Other operating
income EUR 156,149.99
Cost of materials EUR 4,521,346.00
Raw materials and
supplies, purchased
goods EUR
4,521,346.00
Gross result (+/-) EUR 1,396,523.99
Staff expenses EUR 771,364.83
Wages and salaries EUR 638,822.16
Social security
contributions and
expenses for pension
plans and
benefits EUR 132,542.67
Total depreciation EUR 24,133.86
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 24,133.86
Other operating
expenses EUR 485,937.88
Operating result from
continuing
operations EUR 115,087.42
Result from participating
interests
(+/-) EUR 20,000.00
Expenses / income from
participations EUR 20,000.00
Income from related
companies EUR 20,000.00
Interest result
(+/-) EUR -4,615.63
Interest and similar
income EUR 41.85
Interest and similar
expenses EUR 4,657.48
Financial result
(+/-) EUR 15,384.37
Result from ordinary
operations (+/-) EUR 130,471.79
Income tax / refund of
income tax (+/-)EUR -23,611.01
Other taxes / refund of
taxes EUR -2,178.89
Tax (+/-) EUR -25,789.90
Annual surplus / annual
deficit EUR 104,681.89
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.91 |
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1 |
INR 90.31 |
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Euro |
1 |
INR 80.17 |
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Euro |
1 |
INR 80.05 |
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 : |
KET |
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
·
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.