|
Report Date : |
15.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
TOPO KINDERMODEN GMBH |
|
|
|
|
Registered Office : |
Heidestr. 28, D 32584 Löhne |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
26.07.1993 |
|
|
|
|
Com. Reg. No.: |
HRB 2289 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Manufacture of women's and girls' outerwear |
|
|
|
|
No. of Employees : |
25 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 |
Topo Kindermoden GmbH
Heidestr. 28
D 32584 Löhne
Telephone: 05732/9494-0
Telefax: 05732/9494-27
Homepage: www.topo.de
E-mail: info@topo.de
Company Status: active
DE811496825
LEGAL FORM Private limited company
Date of foundation: 1993
Shareholders'
agreement: 13.07.1993
Registered on: 26.07.1993
Commercial Register: Local court 32545 Bad Oeynhausen
under: HRB 2289
Share capital: EUR 252,000.00
Heinz Hlawatschek
Lucas-Cranach-Weg 5
D 32584 Löhne
born: 10.09.1951
Share: EUR 126,000.00
Shareholder:
Harald Ostsieker
Kastanienstr. 27
D 32257 Bünde
born: 11.10.1953
Share: EUR 126,000.00
Heinz Hlawatschek
Lucas-Cranach-Weg 5
D 32584 Löhne
having sole power of representation
born: 10.09.1951
Profession: Businessman
Manager:
Harald Ostsieker
Kastanienstr. 27
D 32257 Bünde
having sole power of representation
born: 11.10.1953
Profession: Businessman
Marital status: married
Further functions/participations of Heinz
Hlawatschek (Manager)
Shareholder:
Trucker Kinderbekleidung Verwaltungs-GmbH
Heidestr. 28
D 32584 Löhne
Legal form: Private limited company
Share capital: EUR 25,564.60
Share: EUR 12,782.30
Registered
on: 29.12.1995
Reg. data: 32545 Bad Oeynhausen, HRB 2593
Manager:
Trucker Kinderbekleidung Verwaltungs-GmbH
Heidestr. 28
D 32584 Löhne
Legal form: Private limited company
Share capital: EUR 25,564.60
Registered
on: 29.12.1995
Reg. data: 32545 Bad Oeynhausen, HRB 2593
Further functions/participations of Harald
Ostsieker (Manager)
Shareholder:
Trucker Kinderbekleidung Verwaltungs-GmbH
Heidestr. 28
D 32584 Löhne
Legal form: Private limited company
Share capital: EUR 25,564.60
Share: EUR 12,782.30
Registered
on: 29.12.1995
Reg. data: 32545 Bad Oeynhausen, HRB 2593
Manager:
Trucker Kinderbekleidung Verwaltungs-GmbH
Heidestr. 28
D 32584 Löhne
Legal form: Private limited company
Share capital: EUR 25,564.60
Registered
on: 29.12.1995
Reg. data: 32545 Bad Oeynhausen, HRB 2593
26.07.1993 - 1998 Topo Kindermoden GmbH
Heidestr. 28
D 32584 Löhne
Private limited company
1998 - 2010 Topo Kindermoden GmbH
Ravensberger Str. 28
D 32584 Löhne
Private limited company
Secondary
industrial sector
14132 Manufacture of women's and girls' outerwear
1419 Manufacture of other wearing apparel and accessoriesn.e.c.
46421 Wholesale of clothing
Payment experience: within agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2011
Type of ownership: Tenant
Address Heidestr. 28
D 32584 Löhne
Real Estate of: Harald Ostsieker
Type of ownership: proprietor
Share: 100.00 %
Address Kastanienstr. 27
D32257 Bünde
Land register documents were not available.
VOLKSBANK BAD
OEYNHAUSEN-HERFORD, HERFORD
Sort. code: 49490070, BIC: GENODEM1HFV
SPARKASSE HERFORD,
HERFORD
Sort. code: 49450120, BIC: WLAHDE44XXX
Turnover: 2011 EUR 4,500,000.00
Profit: 2010 EUR 3,315.00
2011 EUR 11,483.00
further business
figures:
Ac/ts
receivable:
EUR 593,348.00
Liabilities: EUR 673,356.00
Employees:
25
The aforementioned business figures may partly be estimated information based on average values in the line of business.
Balance sheet ratios
01.01.2011 - 31.12.2011
Equity ratio
[%]: 40.60
Liquidity
ratio: 0.90
Return on total
capital [%]: 0.89
Balance sheet ratios
01.01.2010 - 31.12.2010
Equity ratio
[%]: 48.97
Liquidity
ratio: 1.38
Return on total
capital [%]: 0.32
Balance sheet ratios
01.01.2009 - 31.12.2009
Equity ratio
[%]: 45.94
Liquidity
ratio: 1.65
Return on total
capital [%]: 2.47
Balance sheet ratios
01.01.2008 - 31.12.2008
Equity ratio
[%]: 42.00
Liquidity
ratio: 1.34
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:
01.01.2011 - 31.12.2011
ASSETS EUR 1,293,175.41
Fixed assets EUR 22,971.00
Intangible assets EUR 7,673.00
Other / unspecified
intangible assetsEUR
7,673.00
Tangible assets EUR 15,198.00
Other / unspecified
tangible assets EUR 15,198.00
Financial assets EUR 100.00
Other / unspecified
financial assets EUR
100.00
Current assets EUR 1,269,204.41
Stocks EUR 662,661.92
Accounts receivable EUR 593,347.59
Other debtors and
assets EUR 593,347.59
Liquid means EUR 13,194.90
Remaining other
assets EUR 1,000.00
Accruals (assets) EUR 1,000.00
LIABILITIES EUR 1,293,175.41
Shareholders' equity EUR 527,331.66
Capital EUR 252,000.00
Subscribed capital
(share capital) EUR 252,000.00
Reserves EUR 209,133.02
Capital reserves EUR 33,520.24
Retained earnings /
revenue reserves EUR 175,612.78
Balance sheet
profit/loss (+/-) EUR 66,198.64
Profit / loss brought
forward EUR 54,715.15
Annual surplus / annual
deficit EUR 11,483.49
Provisions EUR 92,487.43
Liabilities EUR 673,356.32
Other liabilities EUR 673,356.32
Unspecified other
liabilities EUR 673,356.32
Type of balance
sheet: Company
balance sheet
Financial year:
01.01.2010 - 31.12.2010
ASSETS EUR 1,048,360.28
Fixed assets EUR 26,429.00
Intangible assets EUR 9,863.00
Other / unspecified
intangible assetsEUR
9,863.00
Tangible assets EUR 16,466.00
Other / unspecified
tangible assets EUR 16,466.00
Financial assets EUR 100.00
Other / unspecified
financial assets EUR
100.00
Current assets EUR 1,020,956.28
Stocks EUR 465,231.17
Accounts receivable EUR 539,225.54
Other debtors and
assets EUR 539,225.54
Liquid means EUR 16,499.57
Remaining other
assets EUR 975.00
Accruals (assets) EUR 975.00
LIABILITIES EUR 1,048,360.28
Shareholders' equity EUR 515,848.17
Capital EUR 252,000.00
Subscribed capital
(share capital) EUR 252,000.00
Reserves EUR 209,133.02
Capital reserves EUR 33,520.24
Retained earnings /
revenue reserves EUR
175,612.78
Balance sheet profit/loss
(+/-) EUR 54,715.15
Profit / loss brought
forward EUR 51,399.81
Annual surplus / annual
deficit EUR 3,315.34
Provisions EUR 124,240.66
Liabilities EUR 408,271.45
Other liabilities EUR 408,271.45
Unspecified other
liabilities EUR 408,271.45
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.