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MIRA INFORM REPORT
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Report No. : |
494935 |
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Report Date : |
05.03.2018 |
IDENTIFICATION DETAILS
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Name : |
AARONIA AG |
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Registered Office : |
Kauthenbergstr.
14, D 54597 Strickscheid |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
08.02.2003 |
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Com. Reg. No.: |
HRB 32462 |
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Legal Form : |
Public limited company |
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Line of Business : |
· Manufacture of electronic components ·
Manufacture of instruments and appliances for
measuring, testing and navigation · Other business support service activities n. e. c. |
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No. of Employees : |
20 |
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 : |
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
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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: AARONIA
AG
Company Status: active
Kauthenbergstr. 14
D 54597 Strickscheid
Telephone: 06556/93033
Telefax: 06556/93034
Homepage: www.aaronia.de
E-mail: mail@aaronia.de
VAT no.: DE227486371
Company
summary
Legal Form Public limited company
Date of foundation: 08.02.2003
Registered on: 28.03.2003
Commercial Register: Local court 54516 Wittlich
under: HRB 32462
Share capital: EUR 50,000.00
President of the Board of Directors:
Stefan Chmielus
D 65527 Niedernhausen
born: 07.04.1937
Profession: Technical engineer
Marital status: married
Member of the Board of Directors:
Thorsten Chmielus
Kauthenbergstr. 14
D 54597 Strickscheid
having sole power of representation
born: 24.02.1966
Marital status: single
President of the Supervisory Board:
Elvira Chmielus
Zedernweg 2
D 65527 Niedernhausen
Marital status: unknown
Member of the Supervisory Board:
Rüdiger Chmielus
Severusstr. 29h
D 60439 Frankfurt
born: 22.05.1968
Marital status: unknown
Member of the Supervisory Board:
Heidrun Bernhardt
Severusstr. 29h
D 60439 Frankfurt
born: 30.06.1960
Marital status: unknown
RESIGNED ACTING PERSONS AND SHAREHOLDERS
08.07.2015 - 17.02.2016 Member of the Supervisory Board
Elvira Chmielus
Zedernweg 2
D 65527 Niedernhausen
25.06.2013 - 17.02.2016 President of the Supervisory Board
Rüdiger Chmielus
Severusstr. 29h
D 60439 Frankfurt
BUSINESS
ACTIVITIES
Main industrial
sector
2611 Manufacture of electronic components
26511 Manufacture of instruments and appliances for measuring, testing and navigation
8299 Other business support service activities n. e. c.
FINANCIAL
INFORMATION
Payment experience: No complaints
Negative information: We have no negative information at hand.
Balance sheet year: 2016
REAL
ESTATE
Type of ownership: Tenant
Address Kauthenbergstr. 14
D 54597 Strickscheid
Real Estate of: Thorsten Chmielus
Type of ownership: Tenant
Address Kauthenbergstr. 14
D 54597 Strickscheid
Land register documents were not available.
BANKERS
VOLKSBANK EIFEL MITTE -ALT-, 54591 PRÜM
Sort. code: 58691500
BIC: GENODED1PRU
POSTBANK, 60288 FRANKFURT AM MAIN
Sort. code: 50010060
BIC: PBNKDEFFXXX
FINANCIAL
FIGURES
Ac/ts
receivable:
EUR 403,865.00
Liabilities: EUR 1,627,116.00
Total numbers of
vehicles:
2
- Passenger
cars:
2
Employees:
20
BALANCE
SHEETS
Balance sheet ratios
01.01.2016 - 31.12.2016
Equity ratio
[%]: 73.46
Liquidity
ratio: 10.00
Return on total
capital [%]: 10.17
Balance sheet ratios
01.01.2015 - 31.12.2015
Equity ratio
[%]: 90.10
Liquidity
ratio: 10.00
Return on total
capital [%]: 7.20
Balance sheet ratios
01.01.2014 - 31.12.2014
Equity ratio
[%]: 91.77
Liquidity
ratio: 10.00
Return on total
capital [%]: 17.96
Balance sheet ratios
01.01.2013 - 31.12.2013
Equity ratio
[%]: 88.30
Liquidity
ratio: 10.00
Return on total
capital [%]: 20.53
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 balancesheet: Company
balance sheet
Origin of the present balance sheet: electronic
German Federal Gazette
Financial year: 01.01.2016 -
31.12.2016
ASSETS EUR 7,510,118.88
Fixed assets EUR 1,487,819.33
Intangible assets EUR 24,750.00
Tangible assets EUR 1,463,069.33
Current assets EUR 5,983,068.37
Stocks EUR 2,565,706.49
Accounts receivable EUR 403,864.84
Liquid means EUR 3,013,497.04
Remaining other
assets EUR 39,231.18
Accruals (assets) EUR 39,231.18
LIABILITIES EUR 7,510,118.88
Shareholders' equity EUR 5,519,850.77
Capital EUR 50,000.00
Subscribed capital
(share capital) EUR 50,000.00
Reserves EUR 5,000.00
Retained earnings /
revenue reserves EUR
5,000.00
Balance sheet
profit/loss (+/-) EUR 5,464,850.77
Balance sheet profit /
loss EUR 5,464,850.77
Provisions EUR 363,152.00
Liabilities EUR 1,627,116.11
Type of balancesheet: Company
balance sheet
Origin of the presentbalance sheet: electronic
German Federal Gazette
Financial year: 01.01.2015 - 31.12.2015
ASSETS EUR 5,279,313.80
Fixed assets EUR 237,879.86
Intangible assets EUR 10,000.00
Tangible assets EUR 227,879.86
Current assets EUR 5,027,808.94
Stocks EUR 2,345,466.19
Accounts receivable EUR 336,414.47
Liquid means EUR 2,345,928.28
Remaining other
assets EUR 13,625.00
Accruals (assets) EUR 13,625.00
LIABILITIES EUR 5,279,313.80
Shareholders' equity EUR
4,756,999.26
Capital EUR 50,000.00
Subscribed capital
(share capital) EUR 50,000.00
Reserves EUR 5,000.00
Retained earnings /
revenue reserves EUR
5,000.00
Balance sheet
profit/loss (+/-) EUR 4,701,999.26
Profit / loss brought
forward EUR 4,322,496.86
Annual surplus / annual
deficit EUR 379,502.40
Provisions EUR 367,110.76
Liabilities EUR 155,203.78
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.23 |
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1 |
INR 89.71 |
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Euro |
1 |
INR 79.50 |
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Euro |
1 |
INR 80.26 |
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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VIV |
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Report Prepared
by : |
SYL |
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
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Company
background and operations size
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Promoters
/ Management background
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Payment
record
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Litigation
against the subject
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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.