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MIRA
INFORM REPORT
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Report No. : |
506658 |
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Report Date : |
15.05.2018 |
IDENTIFICATION DETAILS
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Name : |
RISTIC GMBH |
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Registered Office : |
Am
Espen 15 OT Oberferrieden, D 90559 Burgthann |
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Country : |
Germany |
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Financials (as on) : |
30.06.2016 |
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Date of Incorporation : |
17.01.1961 |
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Com. Reg. No.: |
HRB 32755 |
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Legal Form : |
Private limited company |
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Line of Business : |
· Wholesale of other food · Non-specialized wholesale of deep-frozen food ·
Retail
sale in non-specialized stores with food, beverages or tobacco predominating |
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No. of Employees : |
27 |
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 : |
Satisfactory |
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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 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 and address
Report
on: Ristic GmbH
Company
Status: active
Am Espen 15 OT Oberferrieden
D 90559 Burgthann
Telephone: 09183/409-0
Telefax: 09183/409-49
Homepage:
www.ristic.com
E-mail: info@ristic.com
VAT
no.: DE209536280
CONCLUSION
Business relations are permissible.
Company
summary
Legal Form Private
limited company
Date of foundation: 17.01.1961
Shareholders'
agreement: 03.02.2016
Registered on: 01.04.2016
Commercial Register: Local court 90402 Nürnberg
under: HRB
32755
Share capital: EUR 2,500,000.00
Shareholder:
SHORE N.V.
B . Diegem
Legal form: Other legal
form
Share: EUR 2,500,000.00
Manager:
Bart Verstichel
B Heestert
having sole power of
representation
born: 07.01.1972
Nationality: Belgian
Manager:
Henk Werner Casteele
B Meulebeke
born: 12.02.1970
Nationality: Belgian
Proxy:
Manuel Backmeroff
D 90559 Burgthann
authorized to jointly represent the company
born: 08.03.1983
COMPANY
HISTORY
company name and legal form
01.08.2000 - 01.04.2016 Ristic AG Meeresfrüchtespezialitäten
Import und Vertrieb
Am Espen 15
D 90559 Burgthann
Public limited
company
07.08.1987 - 07.2000 Ristic GmbH & Co.
Lebensmittelspezialitäten- Import- und
Vertriebs-KG
D 90559 Burgthann
Ltd partnership with
priv. ltd. company
as general partner
01.01.1981 - 06.08.1987 Ristic GmbH & Co.
Lebensmittelspezialitäten-
Import- und
Vertriebs-KG
D 90425 Nürnberg
Ltd partnership with
priv. ltd. company
as general partner
17.01.1961 - 31.12.1980 Stefan Ristic
D 90425 Nürnberg
Unregistered
commercial enterprise
RESIGNED ACTING PERSONS AND SHAREHOLDERS
12.05.2016 - 23.11.2017 Manager
Edo Abels
NL KZ Drachten
06.07.2016 - 06.03.2017 Manager
Petar Ristic
D 90592
Schwarzenbruck
23.03.2016 - 01.04.2016 Member of the Supervisory Board
Anya Fritsch
Guntherstr. 40
D 90461 Nürnberg
01.09.2015 - 01.04.2016 Vice-president of the Supervisory Board
Margit Ristic
D 90592
Schwarzenbruck
31.08.2015 - 01.04.2016 President of the Supervisory Board
Gerd Gieseler
Taubenring 27
D 27637 Nordholz
22.08.2013 - 31.08.2015 Vice-president of the Supervisory Board
Georg Dlugay
D 64839 Münster
22.08.2013 - 31.08.2015 Vice-president of the Supervisory Board
Margit Ristic
D 90592
Schwarzenbruck
BUSINESS
ACTIVITIES
Main
industrial sector
4638 Wholesale of other food
46391 Non-specialized wholesale of deep-frozen
food
4711 Retail sale in non-specialized stores with
food, beverages or tobaccopredominating
FINANCIAL
INFORMATION
Payment experience: No
complaints
Negative information: We have no negative information at hand.
Balance sheet year: 2015/2016
REAL
ESTATE
Type of ownership: Tenant
Address Am
Espen 15 OT Oberferrieden
D 90559 Burgthann
Land register documents were not available.
BANKERS
Principal bank
DEUTSCHE BANK, 90101 NÜRNBERG
Sort. code: 76070012, Account no.: 12612800
BIC: DEUTDEMM760, IBAN: DE45760700120012612800
Further banks
COMMERZBANK VORMALS DRESDNER BANK, 90327
NÜRNBERG
Sort. code: 76080040, Account no.: 122139500
BIC: DRESDEFF760, IBAN: DE40760800400122139500
FÜRSTLICH CASTELLSCHE BANK CREDIT-CASSE, 97070
WÜRZBURG
Sort. code: 79030001, Account no.: 4000738
BIC: FUCEDE77XXX, IBAN: DE61790300010004000738
SPARKASSE NÜRNBERG, 90327 NÜRNBERG
Sort. code: 76050101
BIC: SSKNDE77XXX
FINANCIAL
FIGURES
Gross profit or loss:2015/2016 EUR 5,439,611.00
Profit: 2015/2016 EUR -386,544.00
Equipment: EUR 60,836.00
Ac/ts receivable: EUR 5,691,339.00
Liabilities: EUR 7,290,353.00
Employees:
27
- thereof permanent staff: 2
BALANCE
SHEETS
Balance sheet ratios 01.07.2015 - 30.06.2016
Equity ratio [%]: 46.98
Liquidity ratio: 0.86
Return on total capital [%]: -2.21
Balance sheet ratios 01.07.2014 - 30.06.2015
Equity ratio [%]: 50.85
Liquidity ratio: 0.64
Return on total capital [%]: 17.87
Balance sheet ratios 01.07.2013 - 30.06.2014
Equity ratio [%]: 30.34
Liquidity ratio: 0.34
Return on total capital [%]: -6.19
Balance sheet ratios 01.07.2012 - 30.06.2013
Equity ratio [%]: 48.68
Liquidity ratio: 0.46
Return on total capital [%]: 1.24
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 17,513,064.76
Fixed assets EUR 2,819,589.23
Intangible assets EUR 6,083.00
Other / unspecified intangible
assetsEUR 6,083.00
Tangible assets EUR 60,839.00
Plant / machinery EUR 3.00
Other tangible assets / fixtures and
fittings EUR 60,836.00
Financial assets EUR 2,752,667.23
Shares in participations /
subsidiaries and the like EUR 55,329.00
Shares in investee companies EUR 55,329.00
Loans to participations /
subsidiaries and the like EUR 1,034,210.02
Loans to related companies EUR 1,034,210.02
Other / unspecified financial assets
EUR 1,663,128.21
Current assets EUR 14,619,054.53
Stocks EUR 8,197,500.33
Accounts receivable EUR 5,691,339.12
Amounts due from related companies EUR 889,190.09
Other debtors and assets EUR 4,802,149.03
Investments in current assets EUR 54,580.18
Other investments EUR 54,580.18
Liquid means EUR 675,634.90
Remaining other assets EUR 74,421.00
Accruals (assets) EUR 31,121.00
Deferred taxes (assets) EUR 43,300.00
LIABILITIES EUR 17,513,064.76
Shareholders' equity EUR 8,253,075.55
Capital EUR 2,500,000.00
Subscribed capital (share capital) EUR
2,500,000.00
Reserves EUR 250,000.00
Retained earnings / revenue reserves
EUR 250,000.00
Balance sheet profit/loss (+/-) EUR 5,503,075.55
Profit / loss brought forward EUR 5,889,619.13
Annual surplus / annual deficit EUR
-386,543.58
Provisions EUR 1,969,636.03
Liabilities EUR 7,290,353.18
Financial debts EUR 2,672,443.48
Liabilities due to banks EUR
2,672,443.48
Other liabilities EUR 4,617,909.70
Unspecified other liabilities EUR 4,617,909.70
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Gross result (+/-) EUR 5,439,611.49
Staff expenses EUR 1,201,998.73
Wages and salaries EUR 839,841.53
Social security contributions and
expenses for pension plans and
benefits EUR 362,157.20
Total depreciation EUR 32,118.94
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 32,118.94
Other operating expenses EUR 4,392,021.82
Operating result from continuing
operations EUR -186,528.00
Interest result (+/-) EUR -304,630.86
Interest and similar income EUR 3,580.77
Interest and similar expenses EUR 308,211.63
Financial result (+/-) EUR -304,630.86
Result from ordinary operations (+/-) EUR
-491,158.86
Income tax / refund of income tax
(+/-)EUR 106,576.28
Other taxes / refund of taxes EUR -1,961.00
Tax (+/-) EUR 104,615.28
Annual surplus / annual deficit EUR
-386,543.58
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 16,984,243.36
Fixed assets EUR 2,913,536.86
Intangible assets EUR 15,239.00
Other / unspecified intangible
assetsEUR 15,239.00
Tangible assets EUR 58,463.00
Plant / machinery EUR 3.00
Other tangible assets / fixtures and
fittings EUR 58,460.00
Financial assets EUR 2,839,834.86
Shares in participations /
subsidiaries and the like EUR 55,329.00
Shares in investee companies EUR 55,329.00
Loans to participations /
subsidiaries and the like EUR 2,784,505.86
Loans to related companies EUR 2,784,505.86
Current assets EUR 13,672,107.56
Stocks EUR 9,691,870.90
Accounts receivable EUR 3,544,271.43
Amounts due from related companies EUR 216,968.00
Other debtors and assets EUR 3,327,303.43
Investments in current assets EUR 56,268.30
Other investments EUR 56,268.30
Liquid means EUR 379,696.93
Remaining other assets EUR 398,598.94
Accruals (assets) EUR 398,598.94
LIABILITIES EUR 16,984,243.36
Shareholders' equity EUR 8,639,619.13
Capital EUR 2,500,000.00
Subscribed capital (share capital) EUR 2,500,000.00
Reserves EUR 250,000.00
Retained earnings / revenue reserves
EUR 250,000.00
Balance sheet profit/loss (+/-) EUR 5,889,619.13
Profit / loss brought forward EUR 2,855,844.27
Annual surplus / annual deficit EUR 3,033,774.86
Provisions EUR 2,402,682.67
Liabilities EUR 5,941,941.56
Financial debts EUR 967,082.44
Liabilities due to banks EUR 967,082.44
Other liabilities EUR 4,974,859.12
Unspecified other liabilities EUR 4,974,859.12
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Gross result (+/-) EUR 12,160,282.13
Staff expenses EUR 1,294,476.33
Wages and salaries EUR 908,740.87
Social security contributions and
expenses for pension plans and
benefits EUR 385,735.46
Total depreciation EUR 25,014.42
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 25,014.42
Other operating expenses EUR 4,942,895.82
Operating result from continuing
operations EUR 5,897,895.56
Interest result (+/-) EUR -586,178.62
Interest and similar income EUR 3,152.15
Interest and similar expenses EUR 589,330.77
Financial result (+/-) EUR -586,178.62
Result from ordinary operations (+/-) EUR
5,311,716.94
Income tax / refund of income tax
(+/-)EUR -2,276,004.08
Other taxes / refund of taxes EUR -1,938.00
Tax (+/-) EUR -2,277,942.08
Annual surplus / annual deficit EUR 3,033,774.86
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 67.32 |
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|
1 |
INR 91.25 |
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Euro |
1 |
INR 80.51 |
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Euro |
1 |
INR 80.84 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
PRI |
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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 |
|
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.