|
Report
Date : |
15.12.2012 |
IDENTIFICATION
DETAILS
|
Name
: |
WILHELM JOHANN MEIER GMBH |
|
|
|
|
Registered
Office : |
Otto-Scheugenpflug-Str. 4, D 63073 Offenbach |
|
|
|
|
Country
: |
Germany
|
|
|
|
|
Financials
(as on) : |
31.12.2011 |
|
|
|
|
Year
of Establishment : |
1965 |
|
|
|
|
Com.
Reg. No.: |
HRB
4142 |
|
|
|
|
Legal
Form : |
Private
Limited Company |
|
|
|
|
Line
of Business : |
Processing
of leather (except manufacture of leather apparel) |
|
|
|
|
No.
of Employees : |
07
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 |
Wilhelm
Johann Meier GmbH
Otto-Scheugenpflug-Str. 4
D
63073 Offenbach
Telephone: 069/894097
Telefax: 069/897017
Homepage:
www.give-me-my-funbag.de
E-mail: info@maestro-lederwaren.de
active
DE811312354
Business
relations are permissible.
LEGAL
FORM Private limited company
Date
of foundation: 1965
Shareholders'
agreement: 03.02.1978
Registered
on: 22.04.1978
Commercial
Register: Local court 63065
Offenbach
under: HRB 4142
Share
capital: EUR 26,000.00
Wilhelm-Johann
Meier
Bremer
Str. 26
D
63073 Offenbach
born: 1938
Share: EUR 26,000.00
Thorsten
Meier
D
63067 Offenbach
authorized to jointly represent the company
born: 06.03.1969
Manager:
Sven Meier
D 63067 Offenbach
authorized
to jointly represent the company
born:
27.10.1973
22.04.1978 - 28.07.1993 Meier Verwaltungsgesellschaft
mbH
Obermühlstr. 8
D 63073 Offenbach
Private limited
company
Main industrial sector
15120 Processing of leather (except manufacture of
leather apparel)
46493 Wholesale of leather goods, luggage,
giftware and advertising articles
Payment
experience: within agreed
terms
Negative
information: We have no negative
information at hand.
Balance
sheet year: 2011
Type
of ownership: Tenant
Address Otto-Scheugenpflug-Str. 4
D 63073 Offenbach
Land
register documents were not available.
RAIFFEISENBANK
OFFENBACH/M.-BIEBER, OFFENBACH AM MAIN
Sort. code: 50560102, BIC: GENODE51OF2
Turnover: 2010 EUR 1,500,000.00
2011 EUR 1,500,000.00
Profit: 2010 EUR 1,507.00
2011 EUR 46,479.00
further business figures:
Equipment: EUR 60,000.00
Ac/ts receivable: EUR 955,207.00
Liabilities: EUR 1,068,813.00
Employees: 7
- thereof permanent staff: 7
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 [%]: 10.85
Liquidity ratio: 0.91
Return on total capital [%]: 3.31
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 10.05
Liquidity
ratio: 0.87
Return on total capital [%]: 0.14
Balance sheet ratios 01.01.2009 -
31.12.2009
Equity ratio [%]: 12.74
Liquidity ratio: 0.92
Return on total capital [%]: 1.45
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 8.00
Liquidity ratio: 0.86
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 1,406,102.79
Fixed assets
EUR 86,329.37
Tangible assets
EUR 86,329.37
Other / unspecified tangible assets EUR 86,329.37
Current assets
EUR 1,319,773.42
Stocks
EUR 342,157.40
Accounts receivable
EUR 955,206.98
Other debtors and assets
EUR 955,206.98
Liquid means
EUR 22,409.04
LIABILITIES EUR
1,406,102.79
Shareholders' equity
EUR 152,561.43
Capital
EUR 25,564.59
Subscribed capital (share capital)
EUR 25,564.59
Balance sheet profit/loss (+/-)
EUR 126,996.84
Profit / loss brought forward
EUR 80,517.48
Annual surplus / annual deficit
EUR 46,479.36
Provisions
EUR 184,728.35
Liabilities EUR 1,068,813.01
Other liabilities
EUR 1,068,813.01
Unspecified other liabilities
EUR 1,068,813.01
Type of balance
sheet:
Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 1,055,917.01
Fixed assets
EUR 36,054.84
Tangible assets
EUR 36,054.84
Other / unspecified tangible assets EUR 36,054.84
Current assets
EUR 1,019,862.17
Stocks
EUR 251,777.55
Accounts receivable
EUR 723,334.74
Other debtors and assets EUR 723,334.74
Liquid means
EUR 44,749.88
LIABILITIES EUR 1,055,917.01
Shareholders' equity
EUR 106,082.07
Capital
EUR 25,564.59
Subscribed capital (share capital)
EUR 25,564.59
Balance sheet profit/loss (+/-)
EUR 80,517.48
Profit / loss brought forward
EUR 79,009.90
Annual surplus / annual deficit
EUR 1,507.58
Provisions
EUR 75,807.90
Liabilities
EUR 874,027.04
Other liabilities EUR 874,027.04
Unspecified other liabilities
EUR 874,027.04
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%)