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MIRA INFORM REPORT
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Report No. : |
499313 |
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Report Date : |
22.03.2018 |
IDENTIFICATION DETAILS
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Name : |
F. L. MICHAELIS GMBH |
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Registered Office : |
Parkallee 63, D 28209 Bremen, Post Box:
10 31 22, D 28031 Bremen |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
04.01.1875 |
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Com. Reg. No.: |
HRB 9265 HB |
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Legal Form : |
Private Limited
Company |
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Line of Business : |
Wholesale of Coffee, Tea, Cocoa and
Spices |
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No. of Employees : |
5 |
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+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Status : |
Excellent |
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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 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 & address
F. L. MICHAELIS GMBH
Company Status: active
Parkallee 63
D 28209 Bremen
Post Box:
10 31 22, D 28031 Bremen
Telephone:0421/342051
Telefax:
0421/344779
Homepage: www.flmichaelis.de
E-mail:
flmichaelis@web.de
VAT
no.: DE114422938
CONCLUSION
Business
relations are permissible.
LEGAL FORM Private Limited Company
Date of foundation: 04.01.1875
Shareholders'
agreement: 16.06.1982
Registered on: 06.07.1982
Commercial Register: Local court 28195 Bremen
under:
HRB 9265 HB
Share capital: EUR 26,000.00
Shareholder:
Bernd Hohn
Am Fasanenpad 26
D 28355 Bremen
born: 08.03.1956
Share: EUR 19,500.00
Shareholder:
Matthias Schülke
D 28195 Bremen
born: 04.08.1971
Share: EUR 6,500.00
Manager:
Bernd Hohn
Am Fasanenpad 26
D 28355 Bremen
having sole power of
representation
born: 08.03.1956
Profession: Businessman
Marital status: married
Manager:
Matthias Schülke
D 28195 Bremen
having sole power of
representation
born: 04.08.1971
Profession: Businessman
BUSINESS
ACTIVITIES
Main industrial sector
46370
Wholesale of coffee, tea, cocoa and spices
FINANCIAL
INFORMATION
Payment experience: Regualr
Negative information: We have no negative
information at hand.
Balance
sheet year: 2016
PMI: No significant / relevant payment
experience
information pertaining to
the company
inquired upon is shown in
the Deutscher
Debitoren Monitor (DDMonitor).
Events Index: 1
At present, NO events are
known.
The Events Index
indicates if any particular
events have occurred,
such as e.g. a
relocation of registered
office or a change
within management. On the
basis of number,
relevance and
up-to-dateness of the events
an index value ranging
from 1 (no events) to
5 is calculated.
Companies showing a
particularly large number
of events receive
the index 6.
REAL
ESTATE
Type of ownership: Tenant
Address Parkallee 63
D 28209 Bremen
Real
Estate of: Bernd Hohn
Type of ownership: proprietor
Share: 100.00 %
Address Am Fasanenpad
D 28355 Bremen
Land register documents were not available.
BANKERS
OLDENBURGISCHE LANDESBANK AG, 26016 OLDENBURG
Sort. code: 28020050
BIC: OLBODEH2XXX
BANKHAUS CARL F. PLUMP & CO, 28195 BREMEN
Sort. code: 29030400
BIC: PLUMDE29XXX
FINANCIAL
FIGURES
Turnover: 2016 *EUR 1,400,000.00
Ac/ts receivable: EUR 397,726.00
Liabilities: EUR 1,269,379.00
Employees:
5
The
business figures marked with an asterisk are estimates based
on
average values in the line of business.
BALANCE
SHEETS
Balance sheet ratios 01.01.2016 - 31.12.2016
Equity ratio [%]: 64.42
Liquidity ratio: 10.00
Return on total capital [%]: 6.82
Balance
sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]: 57.64
Liquidity ratio: 4.13
Return on total capital [%]: 0.99
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 60.01
Liquidity ratio: 10.00
Return on total capital [%]: 5.05
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 61.48
Liquidity ratio: 10.00
Return on total capital [%]: 1.46
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: 01.01.2016 - 31.12.2016
ASSETS EUR 2,730,558.40
Fixed assets
EUR 1,128.00
Tangible assets
EUR 1,128.00
Current assets
EUR 2,728,570.71
Stocks
EUR 2,018,301.00
Accounts receivable
EUR 397,726.29
Liquid means
EUR 312,543.42
Remaining other assets
EUR 859.69
Accruals (assets)
EUR 859.69
LIABILITIES EUR 2,730,558.40
Shareholders' equity
EUR 605,833.40
Capital
EUR 26,000.00
Subscribed capital (share capital)
EUR 26,000.00
Balance sheet profit/loss (+/-)
EUR 579,833.40
Balance sheet profit / loss
EUR 579,833.40
Provisions
EUR 855,345.59
Liabilities
EUR 1,269,379.41
Type
of balance
sheet: Company balance sheet
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2015 - 31.12.2015
ASSETS EUR 2,729,094.89
Fixed assets EUR 1,678.00
Tangible assets
EUR 1,678.00
Current assets
EUR 2,726,266.55
Stocks
EUR 2,083,818.00
Accounts receivable EUR 400,424.97
Liquid means
EUR 242,023.58
Remaining other assets
EUR 1,150.34
Accruals (assets)
EUR 1,150.34
LIABILITIES EUR 2,729,094.89
Shareholders' equity
EUR 419,660.58
Capital
EUR 26,000.00
Subscribed capital (share capital)
EUR 26,000.00
Balance sheet profit/loss (+/-)
EUR 393,660.58
Balance sheet profit / loss
EUR 393,660.58
Provisions
EUR 817,121.00
Liabilities
EUR 1,492,313.31
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.22 |
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1 |
INR 91.33 |
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Euro |
1 |
INR 79.96 |
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EUR |
1 |
INR 80.54 |
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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NIY |
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Report Prepared
by : |
TPT |
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.