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MIRA INFORM REPORT
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Report No. : |
507970 |
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Report Date : |
15.05.2018 |
IDENTIFICATION DETAILS
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Name : |
EMSLAND FOOD GMBH |
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Registered Office : |
Emslandstr.
58, D 49824 Emlichheim |
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Country : |
Germany |
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Financials (as on) : |
30.06.2016 |
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Date of Incorporation : |
23.03.2000 |
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Com. Reg. No.: |
HRB 131164 |
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Legal Form : |
Private Limited
Company |
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Line of Business : |
Processing and Preserving of Potatoes |
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No. of Employees : |
360 |
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 : |
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
|
Country Name |
Previous
Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
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.
|
Source
: CIA |
Company
name & address
EMSLAND FOOD GMBH
Company Status: active
Emslandstr. 58
D 49824 Emlichheim
Telephone:05943/810
Telefax:
05943/81205
Homepage: www.emsland-group.de
E-mail: info@emsland-group.de
VAT
no.: DE812969952
CONCLUSION
Business relations are permissible.
LEGAL FORM Private Limited Company
Date of foundation: 23.03.2000
Begin of business
activities: 05.06.2000
Shareholders'
agreement: 23.03.2000
Registered on: 05.06.2000
Commercial Register: Local court 49074
Osnabrück
under: HRB 131164
Share capital: EUR 2,556,500.00
Shareholder:
Emsland-Stärke
Gesellschaft mit beschränkter
Haftung
Emslandstr. 58
D 49824 Emlichheim
Legal form: Private
limited company
Share capital: EUR
9,382,206.02
Share: EUR 2,556,500.00
Registered on: 31.01.1938
Reg. data: 49074
Osnabrück, HRB 130026
Profit transfer agreement
Manager:
Peter Höning
Schenkendorfstr. 4
D 49716 Meppen
born: 02.01.1966
Profession: Fully
qualified economic
engineer
Manager:
Gerrit-Jan
Wesselink
Raiffeisenstr. 44
D 49824 Ringe
born: 26.05.1977
Manager:
Stefan Hannemann
D 29646 Bispingen
authorized to jointly represent the
company
born: 18.11.1967
Manager:
Christian Kemper
Josef-Suwelack-Weg 54
D 48167 Münster
authorized to jointly
represent the company
born: 06.11.1968
Proxy:
Stefan Joppich
Hermannsweg 10
D 26169 Friesoythe
authorized to jointly represent
the company
born: 29.01.1970
Further functions/participations of Peter
Höning (Manager)
Manager:
Emsland-Stärke
Gesellschaft mit beschränkter
Haftung
Emslandstr. 58
D 49824 Emlichheim
Legal form: Private
limited company
Share capital: EUR 9,382,206.02
Registered
on: 31.01.1938
Reg. data: 49074 Osnabrück, HRB 130026
Further functions/participations of Gerrit-Jan
Wesselink
(Manager)
Manager:
Emsland Chemie GmbH
Emslandstr. 58
D 49824 Emlichheim
Legal form: Private
limited company
Share capital: EUR 255,645.94
Registered
on: 09.10.2001
Reg. data: 49074 Osnabrück, HRB 131308
Manager:
Kartoffelstärkefabrik
Soltau-Walsrode
Gesellschaft mit
beschränkter Haftung
Klein Amerika
D 29649 Wietzendorf
Post Box:
11 62, D 29647 Wietzendorf
Legal form: Private
limited company dormant
Share capital: EUR
10,209,570.00
Registered
on: 26.08.1969
Reg. data: 21335 Lüneburg, HRB 101435
Manager:
Mecklenburger
Kartoffelveredlung GmbH
Dr.-Raber-Str. 3
D 19230 Hagenow
Legal form: Private limited
company
Share capital: EUR 3,840,000.00
Registered
on: 19.07.1990
Reg. data: 19053 Schwerin, HRB 251
Manager:
Emsland-Stärke
Gesellschaft mit beschränkter
Haftung
Emslandstr. 58
D 49824 Emlichheim
Legal form: Private
limited company
Share capital: EUR 9,382,206.02
Registered
on: 31.01.1938
Reg. data: 49074 Osnabrück, HRB 130026
Manager:
EFI Emsland Food
Ingredients GmbH
Emslandstr. 58
D 49824 Emlichheim
Legal form: Private
limited company
Share capital: EUR 51,200.00
Registered
on: 18.02.1999
Reg. data: 49074 Osnabrück, HRB 131014
Manager:
Emsland-Stärke Logistics
Verwaltungs-GmbH
Emslandstr. 58
D 49824 Emlichheim
Legal form: Private
limited company
Share capital: EUR 51,129.19
Registered
on: 01.04.1998
Reg. data: 49074 Osnabrück, HRB 130935
Further functions/participations of Stefan Hannemann
(Manager)
Manager:
Emsland-Stärke
Gesellschaft mit beschränkter
Haftung
Emslandstr. 58
D 49824 Emlichheim
Legal form: Private
limited company
Share capital: EUR 9,382,206.02
Registered
on: 31.01.1938
Reg. data: 49074 Osnabrück, HRB 130026
Further
functions/participations of Christian Kemper (Manager)
Manager:
Emsland-Stärke
Gesellschaft mit beschränkter
Haftung
Emslandstr. 58
D 49824 Emlichheim
Legal form: Private
limited company
Share capital: EUR 9,382,206.02
Registered
on: 31.01.1938
Reg. data: 49074 Osnabrück, HRB 130026
Manager:
EFI Emsland Food
Ingredients GmbH
Emslandstr. 58
D 49824 Emlichheim
Legal form: Private
limited company
Share capital: EUR
51,200.00
Registered
on: 18.02.1999
Reg. data: 49074 Osnabrück, HRB 131014
RESIGNED
ACTING PERSONS AND SHAREHOLDERS
14.01.2016 - 23.03.2018 Manager
Udo Hinkelmann
Richard-Wagner-Str. 8
D 59227 Ahlen
BUSINESS
ACTIVITIES
Main industrial sector
10310
Processing and preserving of potatoes
BRANCHES
AND FACTORIES
Branch:
Emsland Food GmbH
Wunderbütteler Kirchweg
11
D 29378 Wittingen
TEL.: 05831/280
FAX.: 05831/28239
Branch:
Emsland Food GmbH
Werner-Eckart-Ring 13
D 49661 Cloppenburg
TEL.: 04471/1770
Branch:
Emsland Food GmbH
Dr.-Raber-Str. 3
D 19230 Hagenow
TEL.: 03883/735-0
FAX.: 03883/735-135
FINANCIAL
INFORMATION
Payment experience: No Complaints
Negative information: We have no negative
information at hand.
Balance sheet year: 2015/2016
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: Tenant
Address Emslandstr. 58
D 49824 Emlichheim
Land register documents were not available.
BANKERS
Principal bank
NORDDEUTSCHE LANDESBANK GIROZENTRALE, 30002
HANNOVER
Sort. code: 25050000
BIC: NOLADE2HXXX
Further
bank
DZ
BANK, 30002 HANNOVER
Sort. code: 25060000
BIC: GENODEFF250
FINANCIAL
FIGURES
Turnover: 2015/2016 EUR 178,573,046.00
2016/2017 EUR 183,750,000.00
Profit: 2015/2016 EUR 7,083,972.00
further business figures:
Equipment: EUR 8,907,532.00
Ac/ts receivable: EUR 37,717,605.00
Liabilities: EUR 50,042,749.00
Real
estate of the firm:
EUR 12,829,352.00
Employees:
360
Profit transfer agreement to:
Emsland-Stärke
Gesellschaft mit beschränkter
Haftung
Emslandstr. 58
D 49824 Emlichheim
BALANCE
SHEETS
Balance sheet ratios 01.07.2015 - 30.06.2016
Equity ratio [%]: 26.86
Liquidity ratio: 0.57
Return
on total capital [%]: 8.31
Balance sheet ratios 01.07.2014 - 30.06.2015
Equity ratio [%]: 27.27
Liquidity ratio: 0.77
Return on total capital [%]: -1.42
Balance sheet ratios 01.07.2013 - 30.06.2014
Equity ratio [%]: 28.21
Liquidity ratio: 0.75
Return on total capital [%]: 9.29
Balance sheet ratios 01.07.2012 - 30.06.2013
Equity ratio [%]: 49.99
Liquidity ratio: 1.15
Return
on total capital [%]: 15.73
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: 01.07.2015 - 30.06.2016
ASSETS EUR 95,664,777.74
Fixed assets
EUR 34,929,344.55
Intangible assets
EUR 40,458.14
Concessions, licences, rights
EUR 40,458.14
Tangible assets
EUR 27,705,105.34
Land / similar rights EUR 12,829,352.55
Plant / machinery
EUR 4,738,386.16
Other tangible assets / fixtures and
fittings
EUR 8,907,532.46
Advance payments made / construction
in progress EUR 1,229,834.17
Financial assets
EUR 7,183,781.07
Shares in participations /
subsidiaries and the like
EUR 2,000,000.00
Shares
in related companies EUR 2,000,000.00
Other loans
EUR 5,183,781.07
Current assets
EUR 60,465,747.98
Stocks
EUR 22,742,415.53
Raw materials, consumables and
supplies
EUR 2,796,411.99
Finished goods / work in progress
EUR 20,474,274.66
Minus received advance payments for
orders / installments for stocks
EUR -528,271.12
Accounts receivable
EUR 37,717,604.51
Amounts due from shareholders
EUR 9,412,945.32
Trade debtors
EUR 11,026,528.00
Amounts due from related companies
EUR 7,968,170.25
Other debtors and assets
EUR 9,309,960.94
Liquid means
EUR 5,727.94
Remaining other assets
EUR 269,685.21
Accruals (assets)
EUR 269,685.21
LIABILITIES EUR 95,664,777.74
Shareholders' equity
EUR 32,576,209.00
Capital
EUR 2,556,500.00
Subscribed capital (share capital) EUR
2,556,500.00
Reserves
EUR 30,019,709.00
Capital reserves
EUR 30,000,000.00
Retained earnings / revenue reserves EUR 19,709.00
Items between shareholders' equity and
debt capital
EUR 1.00
Special items with reserve funds
EUR 1.00
Provisions
EUR 13,038,411.60
Pension
provisions and comparable
provisions
EUR 5,731,242.14
Other / unspecified provisions
EUR 7,307,169.46
Liabilities
EUR 50,042,749.40
Financial debts EUR 567,546.79
Liabilities due to banks
EUR 567,546.79
Other liabilities
EUR 49,475,202.61
Trade creditors (for IAS incl. bills
of exchange) EUR 45,038,156.64
Liabililties due to related companiesEUR 2,989,086.31
Unspecified other liabilities
EUR 1,447,959.66
thereof liabilities from tax /
financial authorities
EUR 274,305.80
thereof liabilities from social
security
EUR 39,640.92
Other liabilities
EUR 7,406.74
Deferrals (liabilities)
EUR 7,406.74
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Sales
EUR 178,573,045.77
Inventory change + own costs (+/-)
EUR 3,811,598.22
Inventory change (+/-)
EUR 3,811,598.22
Other operating income
EUR 10,167,829.46
Cost of materials
EUR 126,039,968.46
Raw materials and supplies, purchased
goods
EUR 97,394,157.40
Purchased services
EUR 28,645,811.06
Gross result (+/-)
EUR 66,512,504.99
Staff expenses
EUR 17,529,516.33
Wages and salaries
EUR 14,354,680.73
Social security contributions and
expenses for pension plans and
benefits
EUR 3,174,835.60
Total depreciation
EUR 2,359,961.26
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 2,359,961.26
Other operating expenses
EUR 36,431,579.65
Operating result from continuing
operations
EUR 10,191,447.75
Interest result (+/-)
EUR -501,077.07
Interest and similar income
EUR 108,421.52
thereof from related companies
EUR 58,837.00
Interest and similar expenses
EUR 609,498.59
thereof paid to related companies
EUR 26,252.62
Financial result (+/-)
EUR -501,077.07
Result from ordinary operations (+/-)
EUR 9,690,370.68
Extraordinary expenses
EUR 81,449.00
Extraordinary result (+/-)
EUR -81,449.00
Expenses for transfer of profits to a
parent company
EUR 7,083,972.07
Income tax / refund of income tax (+/-)EUR -2,505,800.00
Other taxes / refund of taxes
EUR -19,149.61
Tax
(+/-)
EUR -2,524,949.61
Annual surplus / annual deficit
EUR 0.00
Type
of balance
sheet: Company balance sheet
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.07.2014 - 30.06.2015
ASSETS EUR 96,219,258.99
Fixed assets EUR 28,288,712.81
Intangible assets
EUR 91,603.14
Concessions, licences, rights
EUR 91,603.14
Tangible assets
EUR 23,369,369.71
Land / similar rights
EUR 11,916,304.06
Plant / machinery
EUR 5,254,993.20
Other tangible assets / fixtures and
fittings
EUR 5,238,932.02
Advance payments made / construction
in progress
EUR 959,140.43
Financial assets
EUR 4,827,739.96
Shares in participations /
subsidiaries and the like
EUR 2,000,000.00
Shares in related companies EUR 2,000,000.00
Other loans
EUR 2,827,739.96
Current assets
EUR 67,667,674.10
Stocks
EUR 19,908,847.37
Raw materials, consumables and
supplies
EUR 3,217,323.39
Finished goods / work in progress
EUR 16,662,676.44
Advance payments made
EUR 28,847.54
Accounts receivable
EUR 47,754,557.39
Trade debtors
EUR 18,112,408.88
Amounts due from related companies
EUR 16,291,076.48
Other debtors and assets
EUR 13,351,072.03
Liquid means
EUR 4,269.34
Remaining other assets
EUR 262,872.08
Accruals (assets)
EUR 262,872.08
LIABILITIES EUR 96,219,258.99
Shareholders' equity
EUR 32,576,209.00
Capital
EUR 2,556,500.00
Subscribed capital (share capital)
EUR 2,556,500.00
Reserves
EUR 30,019,709.00
Capital reserves
EUR 30,000,000.00
Retained earnings / revenue reserves EUR 19,709.00
Items between shareholders' equity and
debt capital
EUR 1.00
Special items with reserve funds
EUR 1.00
Provisions
EUR 13,033,504.91
Pension provisions and comparable
provisions
EUR 5,475,570.27
Other / unspecified provisions
EUR 7,557,934.64
Liabilities
EUR 50,602,137.34
Financial debts
EUR 370,404.14
Liabilities due to banks
EUR 370,404.14
Other liabilities
EUR 50,231,733.20
Trade creditors (for IAS incl. bills
of exchange)
EUR 45,823,019.98
Liabililties due to related companiesEUR 3,262,951.20
Unspecified other liabilities
EUR 1,145,762.02
Other liabilities
EUR 7,406.74
Deferrals (liabilities)
EUR 7,406.74
PROFIT AND LOSS ACCOUNT (cost-summary method) according
to Comm.
Code
(HGB)
Sales
EUR 174,710,963.42
Inventory change + own costs (+/-)
EUR -1,536,990.06
Inventory change (+/-)
EUR -1,536,990.06
Other operating income
EUR 7,861,025.27
Cost of materials
EUR 124,513,124.42
Raw materials and supplies, purchased
goods
EUR 98,053,365.96
Purchased services
EUR 26,459,758.46
Gross result (+/-)
EUR 56,521,874.21
Staff expenses
EUR 18,384,980.76
Wages and salaries
EUR 14,637,097.25
Social security contributions and
expenses for pension plans and
benefits
EUR 3,747,883.51
Total depreciation
EUR 3,466,216.11
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 3,466,216.11
Other operating expenses
EUR 34,420,026.44
Operating result from continuing
operations
EUR 250,650.90
Interest result (+/-)
EUR -825,326.90
Interest and similar income
EUR 104,409.02
thereof from related companies
EUR 70,000.00
Interest and similar expenses
EUR 929,735.92
thereof
paid to related companies EUR 33,000.00
Financial result (+/-)
EUR -825,326.90
Result from ordinary operations (+/-)
EUR -574,676.00
Extraordinary result (+/-)
EUR -81,449.00
Income from assumption of loss by
parent company
EUR 1,243,697.02
Income tax / refund of income tax (+/-)EUR -509,100.00
Other taxes / refund of taxes
EUR -78,472.02
Tax
(+/-)
EUR -587,572.02
Annual surplus / annual deficit
EUR 0.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 67.32 |
|
|
1 |
INR 91.25 |
|
Euro |
1 |
INR 80.50 |
|
EUR |
1 |
INR 81.06 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TPT |
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.