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Report Date : |
05.11.2012 |
IDENTIFICATION DETAILS
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Name : |
VOI LEATHER DESIGN GMBH & CO. KG |
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Registered Office : |
Zum Scherbusch 4 D 51674 Wiehl |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
20.11.2002 |
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Com. Reg. No.: |
HRA 19275 |
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Legal Form : |
Ltd partnership with priv. ltd. company as general partner |
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Line of Business : |
Wholesale of leather goods, luggage, giftware and advertising articles |
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No. of Employees : |
17 |
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RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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
VOI LEATHER DESIGN
GMBH & CO. KG
Company
Status: active
Zum Scherbusch 4
D 51674 Wiehl
Telephone:02261/501170
Telefax: 02261/5011799
Homepage:
www.voi-design.de
E-mail: info@voi-design.de
DE813487708
212/5800/0628
LEGAL FORM Ltd
partnership with priv. ltd. company as
general partner
Registered
on: 20.11.2002
Register of
companies: Local
court 50939 Köln
under: HRA
19275
EUR 200,000.00
Karl Noss Lederwaren GmbH
& Co.
Kommanditgesellschaft
Carl-Zeiss-Str. 2
D 51674 Wiehl
Legal form: Ltd partnership
with priv. ltd.
company as general partner
Total cap. EUR 511,291.88
contribution:
Share: EUR 200,000.00
Registered on: 28.05.1996
Reg. data: 50939 Köln, HRA
17073
General partner:
VOi Verwaltungs GmbH
Carl-Zeiss-Str. 2
D 51674 Wiehl
Legal form: Private limited
company
Share capital: EUR 25,000.00
Registered on: 28.10.2002
Reg. data: 50939 Köln, HRB
45299
Shareholder:
Karl Noss Lederwaren GmbH & Co.
Kommanditgesellschaft
Carl-Zeiss-Str. 2
D 51674 Wiehl
Legal form: Ltd
partnership with priv. ltd.
company as general partner
Total cap. EUR 511,291.88
contribution:
Share: EUR 25,000.00
Registered on: 28.05.1996
Reg. data: 50939 Köln, HRA
17073
Manager:
Siegfried Ellert
Hubertusweg 9
D 51674 Wiehl
having sole power of
representation
born: 14.03.1949
Profession: Businessman
Marital status: married
Proxy:
Sebastian Ellert
D 51674 Wiehl
having sole power of
representation
born: 03.01.1981
05.11.2008 -
01.11.2011 VOi Leather Design GmbH &
Co. KG
Carl-Zeiss-Str. 2
D 51674 Wiehl
Ltd partnership with
priv. ltd. company
as general partner
Sectors
46493 Wholesale of leather goods, luggage,
giftware and advertising articles
Branch:
VOI Leather Design GmbH
& Co. KG
Wragekamp 7
D 22397 Hamburg
TEL.: 040/67103705
Payment
experience: within agreed terms
Negative
information:We have no negative information at hand.
Balance sheet
year: 2010
Type of
ownership: Tenant
Address Zum Scherbusch 4
D 51674 Wiehl
Real Estate
of: VOi Verwaltungs GmbH
Type of
ownership: Tenant
Address Carl-Zeiss-Str. 2
D 51674 Wiehl
Land register
documents were not available.
VOLKSBANK
OBERBERG, WIEHL
Sort. code:
38462135, BIC: GENODED1WIL
Turnover: 2010 EUR 3,060,000.00
Equipment: EUR 205,952.00
Ac/ts receivable: EUR 612,705.00
Liabilities: EUR 1,672,285.00
Employees:
17
The aforementioned
business figures may partly be estimated information based on average values in
the line of business.
Balance sheet
ratios 01.01.2010 - 31.12.2010
Equity ratio
[%]: 74.04
Liquidity
ratio: 4.00
Balance sheet
ratios 01.01.2009 - 31.12.2009
Equity ratio
[%]: 8.54
Liquidity
ratio: 0.57
Balance sheet
ratios 01.01.2008 - 31.12.2008
Equity ratio
[%]: 7.20
Liquidity
ratio: 0.76
Balance sheet
ratios 01.01.2007 - 31.12.2007
Equity ratio [%]: 9.07
Liquidity
ratio: 0.74
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.
Type of balance
sheet: Company balance sheet
Financial
year: 01.01.2010 - 31.12.2010
ASSETS EUR 1,908,285.27
Fixed assets EUR 243,899.00
Intangible assets EUR 37,947.00
Other / unspecified intangible
assetsEUR 37,947.00
Tangible assets EUR 205,952.00
Other / unspecified tangible assets EUR
205,952.00
Current assets EUR 1,610,511.66
Stocks EUR 696,581.68
Accounts receivable EUR 612,705.16
Other debtors and assets EUR 612,705.16
Liquid means EUR 301,224.82
Remaining other assets EUR 53,874.61
Accruals (assets) EUR 53,874.61
LIABILITIES EUR 1,908,285.27
Shareholders' equity EUR 200,000.00
Capital EUR 200,000.00
Limited partner's capital / capital
of partially liable partner (LP) EUR 200,000.00
Provisions EUR 36,000.00
Liabilities EUR 1,672,285.27
Other liabilities EUR 1,672,285.27
Unspecified other liabilities EUR 1,672,285.27
Type of balance
sheet: Company balance sheet
Financial
year: 01.01.2009 - 31.12.2009
ASSETS EUR 2,286,186.62
Fixed assets EUR 70,406.00
Intangible assets EUR 10,228.00
Other / unspecified intangible
assetsEUR 10,228.00
Tangible assets EUR 60,178.00
Other / unspecified tangible assets EUR 60,178.00
Current assets EUR 2,180,043.67
Stocks EUR 614,645.34
Accounts receivable EUR 655,046.08
Other debtors and assets EUR 655,046.08
Liquid means EUR 910,352.25
Remaining other assets EUR 35,736.95
Accruals (assets) EUR 35,736.95
LIABILITIES EUR 2,286,186.62
Shareholders' equity EUR 200,000.00
Capital EUR 200,000.00
Limited partner's capital / capital
of partially liable partner (LP) EUR 200,000.00
Provisions EUR 26,900.00
Liabilities EUR 2,059,286.62
Other liabilities EUR 2,059,286.62
Unspecified other liabilities EUR 2,059,286.62
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.53.66 |
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|
1 |
Rs.86.37 |
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Euro |
1 |
Rs.69.24 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
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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.