|
|
|
MIRA
INFORM REPORT
|
Report No. : |
500853 |
|
Report Date : |
30.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
ALBERDINGK
BOLEY GMBH |
|
|
|
|
Registered Office : |
Düsseldorfer
Str. 39D 47829 Krefeld Post Box: 14 46, D 47815 Krefeld |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
1828 |
|
|
|
|
Com. Reg. No.: |
HRB 4051 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
·
Manufacture of oils and fats (except margarine or
similar edible fats) ·
Manufacture of other chemical products n.e.c ·
Wholesale of chemical products |
|
|
|
|
No. of Employees : |
285 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
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.
|
Source
: CIA |
Company name and address
Alberdingk
Boley GmbH
Company
Status: active
Main
address: Düsseldorfer Str. 39
D 47829 Krefeld
Post Box:
11 14 46, D 47815 Krefeld
Telephone:02151/528-0
Telefax: 02151/573643
Homepage:
www.alberdingk-boley.de
E-mail: info@alberdingk-boley.de
Legal
office: Düsseldorfer Str. 53
D 47829 Krefeld
VAT
no.: DE120154705
LEGAL
FORM Private limited company
Date
of foundation : 1828
Shareholders'
agreement: 02.02.1990
Registered
on: 19.03.1990
Commercial
Register: Local court 47798
Krefeld
under: HRB 4051
Share
capital:
EUR 15,000,000.00
Number
of
shareholders:
44
Shareholder
total capital: EUR 15,000,000.00
Manager:
Timm Wiegmann
An Kleinhütten 42
D 47800 Krefeld
born: 20.08.1961
Profession: graduate
engineer
Marital status: married
Manager:
Thomas Hackenberg
D 47877 Willich
born: 30.03.1970
Proxy:
Bernd Schwickerath-Koch
Maria-Kasper-Str. 45
D 41236 Mönchengladbach
authorized to jointly
represent the company
born: 04.03.1955
Marital status: married
Proxy:
Dr.rer.nat. Gerhard Leinz
Schürmesweg 8
D 47802 Krefeld
authorized to jointly
represent the company
born: 23.06.1952
Marital status: married
Proxy:
Robert Allmüller
Heyenfeldweg 143c
D 47802 Krefeld
authorized to jointly
represent the company
born: 03.08.1962
Profession: graduate
engineer
Marital status: married
Proxy:
Thomas Baur
D 40210 Düsseldorf
authorized to jointly
represent the company
born: 28.10.1980
Proxy:
Johannes Leibl
D 47829 Krefeld
authorized to jointly
represent the company
born: 07.06.1967
Further
functions/participations of Timm Wiegmann (Manager)
General
partner:
Antje Wiegmann & Timm Wiegmann
An Kleinhütten 42
D 47800 Krefeld
Legal form: Partnership
under the Civil Code
General
partner:
Frank Oehmke und Timm
Wiegmann
Dahlerdyk 31
D 47803 Krefeld
Legal form: Partnership
under the Civil Code
Manager:
Polytan Beteiligungs GmbH
Düsseldorfer Str. 53
D 47829 Krefeld
Legal form: Private
limited company
Share capital: EUR 1,000,000.00
Registered
on: 14.04.2003
Reg. data: 47798 Krefeld, HRB 7988
Manager:
Alberdingk Boley Leuna
GmbH
Düsseldorfer Str. 53
D 47829 Krefeld
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 06.02.2018
Reg. data: 47798 Krefeld, HRB 16662
Manager:
Polyshare GmbH
Düsseldorfer Str. 53
D 47829 Krefeld
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 29.11.2006
Reg. data: 47798 Krefeld, HRB 11302
Further
functions/participations of Thomas Hackenberg (Manager)
Manager:
Alberdingk Boley Leuna
GmbH
Düsseldorfer Str. 53
D 47829 Krefeld
Legal form: Private limited
company
Share capital: EUR 25,000.00
Registered
on: 06.02.2018
Reg. data: 47798 Krefeld, HRB 16662
Manager:
Polytan Beteiligungs GmbH
Düsseldorfer Str. 53
D 47829 Krefeld
Legal form: Private
limited company
Share capital: EUR 1,000,000.00
Registered
on: 14.04.2003
Reg. data: 47798 Krefeld, HRB 7988
Manager:
Polyshare GmbH
Düsseldorfer Str. 53
D 47829 Krefeld
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 29.11.2006
Reg. data: 47798 Krefeld, HRB 11302
BUSINESS ACTIVITIES
Main
industrial sector
10410 Manufacture of oils and fats (except
margarine or similar
edible
fats)
20590 Manufacture of other chemical products
n.e.c.
46750 Wholesale of chemical products
BRANCHES AND FACTORIES
Branch:
Alberdingk Boley GmbH
Zeißstr. 21
D 50171 Kerpen
TEL.: 02237/53047
PARTICIPATIONS
Shareholder:
Polytan Beteiligungs GmbH
Düsseldorfer Str. 53
D 47829 Krefeld
Legal form: Private
limited company
Company Status: active
Share capital: EUR 1,000,000.00
Share: EUR 1,000,000.00
Reg. data: 14.04.2003
Local court
47798 Krefeld
HRB 7988
Shareholder:
Alberdingk Boley Leuna
GmbH
Düsseldorfer Str. 53
D 47829 Krefeld
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 06.02.2018
Local court
47798 Krefeld
HRB 16662
Shareholder:
Polyshare GmbH
Düsseldorfer Str. 53
D 47829 Krefeld
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 29.11.2006
Local court
47798 Krefeld
HRB 11302
Shareholder:
KRos GmbH
Hanns-Martin-Schleyer-Str.
11
D 47877 Willich
Legal form: Private
limited company
Company Status: active
Share capital: EUR 50,000.00
Share: EUR 25,000.00
Reg. data: 09.03.2017
Local court
47798 Krefeld
HRB 16138
FINANCIAL INFORMATION
Payment
experience: Regular
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).
REAL ESTATE
Type
of ownership: proprietor
Share: 100.00 %
Address Düsseldorfer Str. 101
D 47809 Krefeld
Size: 14,000.00 sq.m
Type
of ownership: proprietor
Share: 100.00 %
Address Dammstr. 2
D 47829 Krefeld
Type
of ownership: proprietor
Share: 100.00 %
Address Düsseldorfer Str. 35
D 47829 Krefeld
Type
of ownership: proprietor
Share: 100.00 %
Address Düsseldorfer Str. 39
D 47829 Krefeld
Type
of ownership: proprietor
Share: 100.00 %
Address Zeißstr. 21
D 50171 Kerpen
Land
register documents were not available.
BANKERS
Principal
bank
DEUTSCHE
BANK, 47707 KREFELD
Sort.
code: 32070080
BIC:
DEUTDEDD320
Further
banks
COMMERZBANK
VORMALS DRESDNER BANK, 47705 KREFELD
Sort.
code: 32080010
BIC:
DRESDEFF320
SPARKASSE
KREFELD, 47719 KREFELD
Sort.
code: 32050000
BIC:
SPKRDE33XXX
HSBC
TRINKAUS & BURKHARDT, 40002 DÜSSELDORF
Sort.
code: 30030880
BIC:
TUBDDEDDXXX
COMMERZBANK,
47705 KREFELD
Sort.
code: 32040024
BIC:
COBADEFFXXX
FINANCIAL FIGURES
Turnover: 2016 EUR 172,395,112.00
Profit: 2016 EUR 15,811,954.00
Equipment: EUR 950,936.00
Ac/ts
receivable:
EUR 20,913,688.00
Liabilities: EUR
35,631,016.00
Real
estate of the firm:
EUR 5,632,406.00
Total
numbers of vehicles: 1
-
Passenger cars:
1
Employees: 285
-
thereof permanent staff: 285
BALANCE
SHEETS
Balance
sheet ratios 01.01.2016 - 31.12.2016
Equity
ratio [%]: 72.13
Liquidity
ratio: 10.00
Return
on total capital [%]: 12.06
Balance
sheet ratios 01.01.2015 - 31.12.2015
Equity
ratio [%]: 68.46
Liquidity
ratio: 1.56
Return
on total capital [%]: 9.39
Balance
sheet ratios 01.01.2014 - 31.12.2014
Equity
ratio [%]: 65.81
Liquidity
ratio: 1.28
Return
on total capital [%]: 10.61
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 131,064,758.60
Fixed assets EUR 65,126,977.28
Intangible assets EUR 305,577.56
Concessions, licences, rights EUR 305,577.56
Tangible assets EUR 14,618,862.65
Land / similar rights EUR 5,632,405.67
Plant / machinery EUR 6,368,279.55
Other tangible assets / fixtures and
fittings EUR 950,936.19
Advance payments made / construction
in progress EUR 1,667,241.24
Financial assets EUR 50,202,537.07
Shares in participations /
subsidiaries and the like EUR 21,357,929.24
Shares in related companies EUR 20,865,054.61
Shares in investee companies EUR 492,874.63
Loans to participations /
subsidiaries and the like EUR 28,844,607.83
Loans to related companies EUR 28,844,607.83
Current assets EUR 65,835,768.38
Stocks EUR 24,702,720.17
Raw materials, consumables and
supplies EUR 5,053,883.34
Finished goods / work in progress EUR
19,648,836.83
Accounts receivable EUR 20,913,688.06
thereof total due from shareholders EUR 0.00
Trade debtors EUR 18,751,602.97
Amounts due from related companies EUR
2,113,967.90
Other debtors and assets EUR 48,117.19
Liquid means EUR 20,219,360.15
Remaining other assets EUR 102,012.94
Accruals (assets) EUR 75,911.90
Active difference from asset
offsetting EUR 26,101.04
LIABILITIES EUR 131,064,758.60
Shareholders' equity EUR 77,184,030.05
Capital EUR 14,568,600.00
Subscribed capital (share capital) EUR
15,000,000.00
Other capital EUR -431,400.00
Reserves EUR 46,701,932.67
Capital reserves EUR 15,928,317.63
Retained earnings / revenue reserves
EUR 30,773,615.04
Balance sheet profit/loss (+/-) EUR 15,913,497.38
Profit / loss brought forward EUR 101,543.13
Annual surplus / annual deficit EUR 15,811,954.25
Provisions EUR 18,249,712.64
Pension provisions and comparable
provisions EUR 12,601,446.00
Provisions for taxes EUR 2,161,434.98
Other / unspecified provisions EUR 3,486,831.66
Liabilities EUR 35,631,015.91
Financial debts EUR 4,458,322.00
Liabilities due to banks EUR 4,458,322.00
Other liabilities EUR 31,172,693.91
Trade creditors (for IAS incl. bills
of exchange)
EUR 10,370,357.31
Liabilities due to shareholders EUR 17,351,459.53
Liabililties due to related
companiesEUR 435,664.42
Unspecified other liabilities EUR 3,015,212.65
thereof liabilities from tax /
financial authorities EUR 723,309.16
thereof liabilities from social
security EUR 0.00
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Sales EUR 172,395,112.19
Inventory change + own costs (+/-) EUR -367,625.02
Inventory change (+/-) EUR -367,625.02
Other operating income EUR 401,083.86
Cost of materials EUR 115,232,209.04
Raw materials and supplies, purchased
goods EUR 115,225,222.01
Purchased services EUR 6,987.03
Gross result (+/-) EUR 57,196,361.99
Staff expenses EUR 21,487,675.97
Wages and salaries EUR 17,755,803.75
Social security contributions and
expenses for pension plans and
benefits EUR 3,731,872.22
Total depreciation EUR 2,393,953.71
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 2,393,953.71
Other operating expenses EUR 15,373,389.27
Operating result from continuing
operations EUR 17,941,343.04
Result from participating interests
(+/-)
EUR 4,556,651.94
Expenses / income from participations
EUR 4,556,651.94
Income from transfer of profits EUR 4,397,702.78
Income from related companies EUR 158,949.16
Interest result (+/-) EUR -1,094,224.53
Interest and similar income EUR 2,234.14
thereof from related companies EUR 0.00
Interest and similar expenses EUR 1,096,458.67
thereof paid to related companies
EUR 5,583.49
Other financial result EUR 144,223.04
Income from securities and loans from
financial assets EUR 144,223.04
thereof related companies EUR 144,223.04
Financial result (+/-) EUR 3,606,650.45
Result from ordinary operations (+/-) EUR
21,547,993.49
Income tax / refund of income tax
(+/-)EUR -5,684,913.21
Other taxes / refund of taxes EUR -51,126.03
Tax (+/-) EUR -5,736,039.24
Annual surplus / annual deficit EUR 15,811,954.25
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 120,333,750.63
Fixed assets EUR 64,289,241.10
Intangible assets EUR 213,324.01
Concessions, licences, rights EUR 213,324.01
Tangible assets EUR 13,860,342.08
Land / similar rights EUR 5,644,616.19
Plant
/ machinery EUR 6,372,475.07
Other tangible assets / fixtures and
fittings EUR 868,976.74
Advance payments made / construction
in progress EUR 974,274.08
Financial assets EUR 50,215,575.01
Shares in participations /
subsidiaries and the like EUR 21,370,967.18
Shares in related companies EUR 20,865,054.61
Shares in investee companies EUR 505,912.57
Loans to participations /
subsidiaries and the like EUR 28,844,607.83
Loans to related companies EUR 28,844,607.83
Current assets EUR
55,973,531.63
Stocks EUR 25,621,590.69
Raw materials, consumables and
supplies EUR 5,749,302.00
Finished goods / work in progress EUR
19,872,288.69
Accounts receivable EUR 23,683,153.62
thereof total due from shareholders EUR 0.00
Trade debtors EUR 18,686,908.20
Amounts due from related companies EUR
4,698,006.50
Other debtors and assets EUR 298,238.92
Liquid means EUR 6,668,787.32
Remaining other assets EUR 70,977.90
Accruals (assets) EUR 46,260.99
Active difference from asset
offsetting EUR 24,716.91
LIABILITIES EUR 120,333,750.63
Shareholders' equity EUR 68,372,075.80
Capital EUR 14,568,600.00
Subscribed capital (share capital) EUR
15,000,000.00
Other capital EUR -431,400.00
Reserves EUR 42,501,932.67
Capital reserves EUR 15,928,317.63
Retained earnings / revenue reserves
EUR 26,573,615.04
Balance sheet profit/loss (+/-) EUR 11,301,543.13
Profit / loss brought forward EUR 140,217.64
Annual surplus / annual deficit EUR 11,161,325.49
Provisions EUR 16,138,186.50
Pension provisions and comparable
provisions EUR 12,212,133.00
Provisions for taxes EUR 1,333,948.81
Other / unspecified provisions EUR 2,592,104.69
Liabilities EUR 35,823,488.33
Financial debts EUR 10,814,573.00
Liabilities due to banks EUR 10,814,573.00
Other liabilities EUR 25,008,915.33
Trade creditors (for IAS incl. bills
of exchange) EUR 6,335,149.14
Liabilities from received advance
payments EUR 9,168.90
Liabilities due to shareholders EUR 14,005,686.20
Liabililties due to related
companiesEUR 411,133.12
Unspecified other liabilities EUR 4,247,777.97
thereof liabilities from tax /
financial authorities EUR 481,659.41
thereof liabilities from social
security EUR 0.00
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Sales EUR 174,072,111.98
Inventory change + own costs (+/-) EUR 79,100.22
Inventory change (+/-) EUR 79,100.22
Other operating income EUR 5,562,194.67
Cost of materials EUR 127,208,067.07
Raw materials and supplies, purchased
goods EUR 127,184,473.69
Purchased services EUR 23,593.38
Gross result (+/-) EUR 52,505,339.80
Staff expenses EUR 18,900,615.78
Wages and salaries EUR 15,710,537.52
Social security contributions and
expenses for pension plans and
benefits EUR 3,190,078.26
Total depreciation EUR 2,404,050.48
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 2,404,050.48
Other operating expenses EUR 14,856,582.66
Operating result from continuing
operations EUR 16,344,090.88
Result from participating interests
(+/-) EUR 1,082,860.30
Expenses / income from participations
EUR 1,082,860.30
Income from transfer of profits EUR 1,029,899.33
Income from related companies EUR 52,960.97
Interest result (+/-) EUR -2,733,448.21
Interest and similar income EUR 96,267.76
thereof from related companies EUR 4,848.11
Interest and similar expenses EUR 2,829,715.97
thereof paid to related companies EUR 888.86
Other financial result EUR 144,223.04
Income from securities and loans from
financial assets EUR 144,223.04
thereof related companies EUR 144,223.04
Financial result (+/-) EUR -1,506,364.87
Result from ordinary operations (+/-) EUR
14,837,726.01
Extraordinary expenses EUR 136,900.00
Extraordinary result (+/-) EUR -136,900.00
Income tax / refund of income tax
(+/-)EUR -3,486,999.81
Other taxes / refund of taxes EUR -52,500.71
Tax (+/-) EUR
-3,539,500.52
Annual surplus / annual deficit EUR 11,161,325.49
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.04 |
|
|
1 |
INR 92.28 |
|
Euro |
1 |
INR 80.62 |
|
Euro |
1 |
INR 80.25 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRA |
|
|
|
|
Report Prepared
by : |
DNS |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
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.