|
Report Date : |
20.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
CONTEMPO GOODS TRADING CONNECTIONS GMBH |
|
|
|
|
Registered Office : |
Waldstr. 23, D 63128 Dietzenbach |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
22.05.1997 |
|
|
|
|
Com. Reg. No.: |
HRB 12075 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Non-specialized wholesale trade |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
In – Liquidation |
|
Payment Behaviour : |
--- |
|
Litigation : |
--- |
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 |
CONTEMPO Goods Trading Connections GmbH
Company
Status:
in liquidation since: 23.07.2012
Waldstr. 23
D 63128 Dietzenbach
Telephone: 06074/822349
Homepage: www.contempo.de
E-mail: info@contempo.de
DE187953433
We cannot give an opinion as to the granting of a credit in this
particular case. Business relations require suitable securities.
LEGAL FORM Private limited company
Date of foundation: 22.05.1997
Shareholders'
agreement: 22.05.1997
Registered on: 27.09.2001
Commercial Register: Local
court 63065 Offenbach
under: HRB 12075
Share capital:
EUR 500,000.00
Gudrun Roozen
Im Wiesenring 22
D 63150 Heusenstamm
born: 28.09.1940
Share: EUR 357,150.00
Shareholder:
Christoffer Roozen
Industriestr. 24
D 63150 Heusenstamm
born: 06.06.1971
Share: EUR 142,850.00
Christoffer Roozen
Industriestr. 24
D 63150 Heusenstamm
having sole power of representation
born: 06.06.1971
Profession: Businessman
22.05.1997 -
26.09.2001 CONTEMPO Goods Trading
Connections GmbH
Berrenrather Str. 124
D
50354 Hürth
Private limited company
27.09.2001 -
05.12.2010 CONTEMPO Goods Trading
Connections GmbH
Messenhäuser Str. 24
D
63128 Dietzenbach
Private limited company
Main industrial sector
4690 Non-specialized
wholesale trade
Payment experience: could not be obtained
Negative information: We
have no negative information at hand.
Balance sheet year: 2011
Type of ownership: Tenant
Address Waldstr. 23
D 63128 Dietzenbach
Land register documents were not available.
KREISSPARKASSE KÖLN, FRECHEN
Sort. code: 37050299, BIC: COKSDE33XXX
Turnover: 2011 EUR 8,700,000.00
Profit: 2011 EUR -439,944.00
Ac/ts receivable: EUR 2,707,052.00
Liabilities: EUR 3,340,110.00
No
full-time employees are employed.
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 [%]: 22.66
Liquidity ratio: 1.03
Return on total capital [%]: -9.67
Balance
sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 33.40
Liquidity ratio: 1.06
Return on total capital [%]: -11.06
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 44.40
Liquidity ratio: 1.50
Return on total capital [%]: 4.11
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 47.04
Liquidity ratio: 1.20
Return on total capital [%]: 0.11
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 4,550,653.69
Fixed assets
EUR 99,038.00
Intangible assets
EUR 700.50
Other / unspecified intangible assetsEUR 700.50
Tangible assets
EUR 92,337.50
Other / unspecified tangible assets
EUR 92,337.50
Financial assets
EUR 6,000.00
Other / unspecified financial assets EUR 6,000.00
Current assets
EUR 4,419,969.11
Stocks
EUR 1,108,196.37
Other / unspecified stocks
EUR 1,108,196.37
Accounts receivable EUR 2,707,052.20
Other debtors and assets
EUR 2,707,052.20
Liquid means
EUR 604,720.54
Remaining other assets
EUR 31,646.58
Accruals (assets)
EUR 31,646.58
LIABILITIES EUR 4,550,653.69
Shareholders' equity
EUR 931,281.43
Capital
EUR 500,000.00
Subscribed capital (share capital)
EUR 500,000.00
Balance sheet profit/loss (+/-)
EUR 431,281.43
Profit / loss brought forward
EUR 871,225.26
Annual surplus / annual deficit
EUR -439,943.83
Provisions
EUR 279,262.21
Other / unspecified provisions
EUR 279,262.21
Liabilities
EUR 3,340,110.05
Other liabilities
EUR 3,340,110.05
Unspecified other liabilities
EUR 3,340,110.05
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 4,103,731.41
Fixed assets
EUR 109,439.50
Intangible assets
EUR 1,226.00
Other / unspecified intangible assetsEUR 1,226.00
Tangible assets
EUR 102,213.50
Other / unspecified tangible assets
EUR 102,213.50
Financial assets
EUR 6,000.00
Other / unspecified financial assets EUR 6,000.00
Current assets EUR 3,942,896.49
Stocks
EUR 1,360,603.65
Accounts receivable
EUR 2,558,458.05
Other debtors and assets
EUR 2,558,458.05
Liquid means EUR 23,834.79
Remaining other assets
EUR 51,395.42
Accruals (assets)
EUR 51,395.42
LIABILITIES EUR 4,103,731.41
Shareholders'
equity EUR 1,371,225.26
Capital
EUR 500,000.00
Subscribed capital (share capital)
EUR 500,000.00
Balance sheet profit/loss (+/-)
EUR 871,225.26
Profit / loss brought forward
EUR 1,324,936.78
Annual surplus / annual deficit
EUR -453,711.52
Provisions
EUR 291,827.98
Liabilities
EUR 2,440,678.17
Other liabilities
EUR 2,440,678.17
Unspecified other liabilities
EUR 2,440,678.17
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.97 |
|
UK Pound |
1 |
Rs.87.50 |
|
Euro |
1 |
Rs.70.16 |
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.