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Report Date : |
20.11.2012 |
IDENTIFICATION DETAILS
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Name : |
SHARMA LE BAZAAR GMBH |
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Registered Office : |
Hochstr. 21, D 58095 Hagen |
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Country : |
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|
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
11.06.1986 |
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|
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Com. Reg. No.: |
HRB 1957 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesaler of hides, skins and leather |
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No. of Employees : |
02 employees |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but Correct |
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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 (31.03.2012) |
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 |
Sharma Le Bazaar GmbH
active
Hochstr. 21
D 58095 Hagen
Telephone: 02331/82062
Telefax: 02331/82063
Homepage: www.lebazaar.de
E-mail: info@lebazaar.de
DE125136510
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 1986
Shareholders'
agreement: 28.04.1986
Registered on: 11.06.1986
Commercial Register: Local
court 58097 Hagen
under: HRB 1957
Share capital:
EUR 25,666.85
Trilokchand Sharma
Hohenzollernstr. 14
D 58095 Hagen
born: 01.03.1949 in Indien
Share: EUR 25,666.85
Trilokchand Sharma
Hohenzollernstr. 14
D 58095 Hagen
having sole power of representation
born: 01.03.1949 in Indien
Profession: Businessman
Marital status: married
11.06.1986 -
23.06.1992 Le Bazaar Ledertrend Import -
Export
GmbH
Mittelstr. 17a
D
58095 Hagen
Private limited company
23.06.1992 -
16.01.1995 Le Bazaar Ledertrend Import -
Export
GmbH
Behringstr. 20
D
58097 Hagen
Private limited company
26.05.1997 -
26.05.1998 Le Bazaar Ledertrend Import -
Export
GmbH
Behringstr. 20
D
58097 Hagen
Private limited company
17.07.1998 -
21.02.2005 Sharma Le Bazaar GmbH
Behringstr. 20
D
58097 Hagen
Private
limited company
21.02.2005 -
08.06.2011 Sharma Le Bazaar GmbH
Friedensstr. 127
D
58097 Hagen
Private limited company
Main industrial sector
46240 Wholesale of hides,
skins and leather
Payment experience: within
agreed terms
Negative information: We
have no negative information at hand.
Balance sheet year: 2011
Type of ownership: Tenant
Address Hochstr.
21
D 58095 Hagen
Real Estate of: Trilokchand
Sharma
Type of ownership: Tenant
Address Hohenzollernstr.
14
D 58095 Hagen
Land register documents were not available.
COMMERZBANK VORMALS DRESDNER BANK, HAGEN, WESTF
Sort. code: 45080060, BIC: DRESDEFF450
Turnover: 2011 EUR 382,500.00
Profit: 2011 EUR -72,234.00
Ac/ts
receivable:
EUR 169,219.00
Liabilities: EUR 521,627.00
Total numbers of vehicles: 2
-
Passenger cars: 2
Employees:
2
-
thereof permanent staff: 1
-
Part-time employees: 1
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 [%]: 80.17
Liquidity ratio: 2.65
Return on total capital [%]: -16.29
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 76.40
Liquidity ratio: 1.65
Return on total capital [%]: -10.19
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 73.95
Liquidity ratio: 1.83
Return on total capital [%]: 4.48
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 64.00
Liquidity ratio: 0.89
Return on total capital [%]: -7.00
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 530,626.95
Fixed assets
EUR 5,309.18
Intangible assets
EUR 0.50
Other / unspecified intangible assetsEUR
0.50
Tangible assets
EUR 4,644.00
Other / unspecified tangible assets
EUR 4,644.00
Financial assets
EUR 664.68
Other / unspecified financial assets EUR 664.68
Current assets
EUR 438,082.99
Stocks
EUR 253,715.29
Accounts receivable
EUR 169,219.36
Other debtors and assets
EUR 169,219.36
Liquid means
EUR 15,148.34
Remaining other assets
EUR 87,234.78
Accruals (assets)
EUR 129.34
Deficit not covered by shareholders'
equity
EUR 87,105.44
LIABILITIES EUR 530,626.95
Shareholders' equity
EUR 0.00
Capital EUR 25,666.85
Subscribed capital (share capital)
EUR 25,666.85
Balance sheet profit/loss (+/-)
EUR -112,772.29
Profit / loss brought forward
EUR -40,538.46
Annual surplus / annual deficit
EUR -72,233.83
Other shareholders' equity (+/-)
EUR 87,105.44
Deficit not covered by shareholders'
equity
EUR 87,105.44
Provisions EUR 9,000.00
Liabilities
EUR 521,626.95
Other liabilities
EUR 521,626.95
Unspecified other liabilities
EUR 521,626.95
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 561,570.63
Fixed assets
EUR 7,708.68
Intangible assets EUR 0.50
Other / unspecified intangible assetsEUR 0.50
Tangible assets
EUR 7,043.50
Other / unspecified tangible assets
EUR 7,043.50
Financial assets
EUR 664.68
Other / unspecified financial assets EUR 664.68
Current assets
EUR 535,084.20
Stocks
EUR 345,067.63
Accounts receivable EUR 166,470.64
Other debtors and assets
EUR 166,470.64
Liquid means
EUR 23,545.93
Remaining other assets
EUR 18,777.75
Accruals (assets)
EUR 3,906.14
Deficit not covered by shareholders'
equity
EUR 14,871.61
LIABILITIES EUR 561,570.63
Shareholders'
equity EUR 0.00
Capital
EUR 25,666.85
Subscribed capital (share capital)
EUR 25,666.85
Balance sheet profit/loss (+/-)
EUR -40,538.46
Profit / loss brought forward
EUR 15,156.48
Annual surplus / annual deficit
EUR -55,694.94
Other shareholders' equity (+/-)
EUR 14,871.61
Deficit not covered by shareholders'
equity
EUR 14,871.61
Provisions
EUR 4,500.00
Liabilities
EUR 557,070.63
Other liabilities
EUR 557,070.63
Unspecified other liabilities
EUR 557,070.63
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.