|
Report Date : |
15.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
LERROS MODEN GMBH |
|
|
|
|
Registered Office : |
Im Taubental 35, D 41468 Neuss |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.03.2011 |
|
|
|
|
Date of Incorporation : |
13.01.1983 |
|
|
|
|
Com. Reg. No.: |
HRB 3775 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Wholesaler of clothing |
|
|
|
|
No. of Employees : |
173 employees |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
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 declining 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 in 2006 and 2007 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 - and its decrease to 6.0% in 2011. GDP contracted 5.1% in
2009 but grew by 3.6% in 2010, and 2.7% in 2011. The recovery was attributable
primarily to rebounding manufacturing orders and exports - increasingly outside
the Euro Zone. Germany's central bank projects that GDP will grow 0.6% in 2012,
a reflection of the worsening euro-zone financial crisis and the financial
burden it places on Germany as well as falling demand for German exports.
Domestic demand is therefore becoming a more significant driver of Germany's
economic expansion. Stimulus and stabilization efforts initiated in 2008 and
2009 and tax cuts introduced in Chancellor Angela MERKEL's second term
increased Germany's budget deficit to 3.3% in 2010, but slower spending and
higher tax revenues reduce the deficit to 1.7% in 2011, below the EU's 3%
limit. 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. 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 hopes to replace nuclear power with renewable energy. Before the
shutdown of the eight reactors, Germany relied on nuclear power for 23% of its
energy and 46% of its base-load electrical production.
|
Source : CIA |
LERROS Moden GmbH
Im Taubental 35
D 41468 Neuss
Telephone:02131/3606-0
Telefax: 02131/3606-100
Homepage: www.lerros.de
E-mail: info@lerros.de
Company Status: active
DE120683723
Business
relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 13.01.1983
Shareholders'
agreement: 13.01.1983
Registered on: 09.05.1983
Commercial Register: Local
court 41460 Neuss
under: HRB 3775
Share capital:
EUR 766,937.82
Pallas Holding Ltd.
MS - Port Louis
Legal form: Other legal form
Share: EUR 421,815.80
Shareholder:
Transnational Textile Group Limited
MS - Port Louis
Legal form: Other legal
form
Share: EUR 344,468.08
Shareholder:
Arun Gujral
Hildegundisallee 39
D 40667 Meerbusch
born: 28.01.1954
Share: EUR 653.94
Arun Gujral
Hildegundisallee 39
D 40667 Meerbusch
having sole power of representation
born: 28.01.1954
Profession: Businessman
Marital status: married
Manager:
Pulkit Seth -Kaufmann-
RC - Hong Kong
having sole power of
representation
born: 05.02.1980
Nationality: Chinese
Manager:
Pallak Seth -Kaufmann-
GB - London
having sole power of
representation
born: 13.08.1977
Nationality: British
Manager:
Marianne Ritter
D 30159 Hannover
born: 25.02.1963
Manager:
Jan ten Brinke
D 50667 Köln
born: 13.11.1973
Gaurav Dar
D 41460 Neuss
authorized to jointly represent the company
born: 01.08.1975
Further
functions/participations of Arun Gujral (Manager)
Shareholder:
Request Werbeagentur GmbH
Im Taubental 35
D 41468 Neuss
Legal form: Private
limited company
Share capital: EUR 25,564.60
Share: EUR 12,782.30
Registered
on: 11.05.1987
Reg. data: 41460 Neuss, HRB 4800
Manager:
Request Werbeagentur GmbH
Im Taubental 35
D 41468 Neuss
Legal form: Private
limited company
Share capital: EUR 25,564.60
Registered
on: 11.05.1987
Reg. data: 41460 Neuss, HRB 4800
Manager:
LERROS Retail GmbH
Im Taubental 35
D 41468 Neuss
Legal form: Private
limited company
Share capital: EUR 500,000.00
Registered
on: 13.11.2007
Reg. data: 41460 Neuss, HRB 14403
Further
functions/participations of Pallak Seth –Kaufmann (Manager)
Shareholder:
GALLERY NATURE MORTE
BERLIN GMBH
Im Taubental 35
D 41468 Neuss
Legal form: Private
limited company
Share capital: EUR 28,000.00
Share: EUR 28,000.00
Registered
on: 29.05.2008
Reg. data: 41460 Neuss, HRB 14677
Manager:
GALLERY NATURE MORTE
BERLIN GMBH
Im Taubental 35
D 41468 Neuss
Legal form: Private
limited company
Share capital: EUR 28,000.00
Registered
on: 29.05.2008
Reg. data: 41460 Neuss, HRB 14677
ain industrial
sector
46421 Wholesale of
clothing
Secondary
industrial sector
1413 Manufacture of other
outerwear
Limited partner:
BT Solar Zwei GmbH &
Co KG
Pastoratsweg 8
D 40489 Düsseldorf
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 2,000.00
contribution:
Share: EUR 1,000.00
Reg. data: 09.12.2010
Local court 40213 Düsseldorf
HRA 21323
Shareholder:
LERROS Retail GmbH
Im Taubental 35
D 41468 Neuss
Legal form: Private limited
company
Company Status: active
Share capital: EUR 500,000.00
Share: EUR 500,000.00
Reg. data: 13.11.2007
Local court 41460 Neuss
HRB 14403
Payment experience: within
agreed terms
Negative information: We
have no negative information at hand.
Balance sheet year: 2010/2011
Type of
ownership: proprietor
Share: 100.00 %
Address Im
Taubental 35
D 41468 Neuss
Real
Estate of: Arun Gujral
Type of
ownership: unknown
Address Hildegundisallee
39
D 40667 Meerbusch
Land
register documents were not available.
Principal bank
WARBURG, M.M.- BANK, HAMBURG
Sort. code: 20120100, BIC: WBWCDEHHXXX
Further banks
BHF-BANK, DÜSSELDORF
Sort. code: 30020500, BIC: BHFBDEFF300
VOLKSBANK DÜSSELDORF NEUSS, DÜSSELDORF
Sort. code: 30160213, BIC: GENODED1DNE
Gross profit or
loss:2009/2010 EUR 21,662,556.00
2010/2011 EUR 22,585,773.00
Profit: 2009/2010 EUR 598,744.00
2010/2011 EUR -334,643.00
further business figures:
Equipment: EUR 896,864.00
Ac/ts receivable: EUR 7,710,079.00
Liabilities: EUR 9,163,003.00
Employees:
173
Balance sheet ratios
01.04.2010 - 31.03.2011
Equity ratio [%]: 37.95
Liquidity ratio: 0.93
Return on total capital
[%]: -1.60
Balance sheet ratios
01.04.2009 - 31.03.2010
Equity ratio [%]: 38.57
Liquidity ratio: 1.30
Return on total capital
[%]: 3.20
Balance sheet ratios
01.04.2008 - 31.03.2009
Equity ratio [%]: 42.60
Liquidity ratio: 2.15
Return on total capital
[%]: 0.19
Balance sheet ratios
01.04.2007 - 31.03.2008
Equity ratio [%]: 43.26
Liquidity ratio: 1.47
Return on total capital
[%]: 4.72
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
Financial year: 01.04.2010 - 31.03.2011
ASSETS EUR 18,041,231.43
Fixed assets EUR 3,926,904.79
Intangible assets EUR 175,668.00
Other / unspecified
intangible assetsEUR
175,668.00
Tangible assets EUR 2,112,526.00
Land / similar
rights EUR 1,215,662.00
Other tangible assets /
fixtures and
fittings EUR 896,864.00
Financial assets EUR 1,638,710.79
Shares in participations
/
subsidiaries and the
like EUR 1,224,040.79
Shares in related
companies EUR 1,223,040.79
Shares in investee
companies EUR 1,000.00
Other / unspecified
financial assets EUR
414,670.00
Current assets EUR 14,012,577.68
Stocks EUR 5,465,404.23
Accounts receivable EUR 7,710,079.21
Amounts due from related
companies EUR 942,853.00
Other debtors and
assets EUR 6,767,226.21
Liquid means EUR 837,094.24
Remaining other
assets EUR 101,748.96
Accruals (assets) EUR 82,077.96
Deferred taxes
(assets) EUR 19,671.00
LIABILITIES EUR 18,041,231.43
Shareholders' equity EUR 6,901,988.96
Capital EUR 766,937.82
Subscribed capital
(share capital) EUR 766,937.82
Balance sheet profit/loss
(+/-) EUR 6,135,051.14
Profit / loss brought
forward EUR 6,469,694.22
Annual surplus / annual
deficit EUR -334,643.08
Provisions EUR 1,976,239.20
Liabilities EUR 9,163,003.27
Financial debts EUR 3,735,621.53
Liabilities due to
banks EUR 3,735,621.53
Other liabilities EUR 5,427,381.74
Liabililties due to
related companiesEUR
1,081,646.93
Unspecified other
liabilities EUR 4,345,734.81
PROFIT AND LOSS ACCOUNT
(cost-summary method) according to Comm.
Code (HGB)
Gross result (+/-) EUR 22,585,773.33
Staff expenses EUR 9,016,608.85
Wages and salaries EUR 7,761,014.66
Social security
contributions and
expenses for pension plans and
benefits EUR 1,255,594.19
Total depreciation EUR 891,325.91
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 891,325.91
Other operating
expenses EUR 10,827,304.78
Operating result from
continuing
operations EUR 1,850,533.79
Result from participating
interests
(+/-) EUR -967,727.00
Expenses for
participations EUR 967,727.00
Expenses for other
participations EUR 967,727.00
Interest result (+/-) EUR -229,967.46
Interest and similar
income EUR 19,446.15
Interest and similar
expenses EUR 249,413.61
Other financial
result EUR -699,932.00
Income from securities
and loans from
financial assets EUR 68.00
Depreciation on financial
assets and
marketable
securities EUR 700,000.00
Financial result
(+/-) EUR -1,897,626.46
Result from ordinary
operations (+/-) EUR -47,092.67
Extraordinary
expenses EUR 47,307.00
Extraordinary result
(+/-) EUR -47,307.00
Income tax / refund of
income tax (+/-)EUR -208,706.47
Other taxes / refund of
taxes EUR -31,536.94
Tax (+/-) EUR -240,243.41
Annual surplus / annual
deficit EUR -334,643.08
Type of balance
sheet: Company balance sheet
Financial year: 01.04.2009 - 31.03.2010
ASSETS EUR 18,721,385.00
Fixed assets EUR 3,895,994.00
Intangible assets EUR 50,877.00
Other / unspecified
intangible assetsEUR
50,877.00
Tangible assets EUR 2,217,623.00
Land / similar
rights EUR 1,289,276.00
Other tangible assets /
fixtures and
fittings EUR 928,347.00
Financial assets EUR 1,627,494.00
Shares in participations
/
subsidiaries and the
like EUR 1,561,924.00
Shares in related
companies EUR 1,561,924.00
Other / unspecified
financial assets EUR
65,570.00
Current assets EUR 14,719,278.00
Stocks EUR 2,721,842.00
Accounts receivable EUR 11,264,766.00
Amounts due from
investee companies EUR 996,939.00
Other debtors and
assets EUR 10,267,827.00
Liquid means EUR 732,670.00
Remaining other
assets EUR 106,113.00
Accruals (assets) EUR 106,113.00
LIABILITIES EUR 18,721,385.00
Shareholders' equity EUR 7,236,632.00
Capital EUR 766,938.00
Subscribed capital
(share capital) EUR 766,938.00
Balance sheet profit/loss
(+/-) EUR 6,469,694.00
Profit / loss brought
forward EUR 5,870,950.00
Annual surplus / annual
deficit EUR 598,744.00
Provisions EUR 2,088,553.00
Liabilities EUR 9,396,200.00
Financial debts EUR
4,801,052.00
Liabilities due to
banks EUR 4,801,052.00
Other liabilities EUR 4,595,148.00
Unspecified other
liabilities EUR 4,595,148.00
PROFIT AND LOSS ACCOUNT (cost-summary
method) according to Comm.
Code (HGB)
Gross result (+/-) EUR 21,662,556.00
Staff expenses EUR 9,062,431.00
Wages and salaries EUR 7,715,781.00
Social security
contributions and
expenses for pension
plans and
benefits EUR 1,346,650.00
Total depreciation EUR 455,843.00
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 455,843.00
Other operating
expenses EUR 9,721,595.00
Operating result from
continuing
operations EUR 2,422,687.00
Result from participating
interests
(+/-) EUR -1,036,988.00
Expenses for
participations EUR 1,036,988.00
Expenses for other
participations EUR 1,036,988.00
Interest result (+/-) EUR -206,376.00
Interest and similar
income EUR 14,627.00
Interest and similar
expenses EUR 221,003.00
Other financial
result EUR -249,932.00
Income from securities
and loans from
financial assets EUR 68.00
Depreciation on financial
assets and
marketable
securities EUR 250,000.00
Financial result
(+/-) EUR -1,493,296.00
Result from ordinary
operations (+/-) EUR 929,391.00
Income tax / refund of
income tax (+/-)EUR -292,648.00
Other taxes / refund of
taxes EUR -37,999.00
Tax (+/-) EUR -330,647.00
Annual surplus / annual
deficit EUR 598,744.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.39 |
|
UK Pound |
1 |
Rs.87.78 |
|
Euro |
1 |
Rs.71.29 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
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 and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.