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Report Date : |
10.10.2012 |
IDENTIFICATION DETAILS
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Name : |
INKA GMBH |
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Registered Office : |
Erdinger Landstr. 4 D 85609 Aschheim |
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Country : |
Germany |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
20.07.2008 |
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Com. Reg. No.: |
HRB 174749 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesale of medical and orthopedic goods, dental and laboratory supplies |
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No. of Employees : |
1 |
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 |
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Risk Category |
ECGC
Classification |
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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
INKA GmbH
Company
Status: active
Erdinger Landstr. 4
D 85609 Aschheim
Telephone:089/43109483
LEGAL FORM Private
limited company
Date of
foundation: 20.07.2008
Shareholders'
agreement: 20.07.2008
Registered
on: 04.08.2008
Commercial
Register: Local court 80797 München
under: HRB
174749
EUR 25,000.00
Franziska Crantor
D 85609 Aschheim
born: 19.09.1972
Share: EUR 24,500.00
Shareholder:
Didier Crantor
D 85609 Aschheim
born: 29.12.1972
Share: EUR 500.00
Manager:
Franziska Crantor
D 85609 Aschheim
having sole power of representation
born: 19.09.1972
Sectors
4618 Agents involved in the sale of other goods
46462 Wholesale of medical and orthopedic goods,
dental and laboratory supplies
46494 Wholesale of paper and paperboard,
stationery, office supplies, books,periodicals and newspapers
Payment
experience: within periods customary in
this trade
Negative
information:We have no negative information at hand.
Balance sheet
year: 2011
Type of
ownership: Tenant
Address Erdinger Landstr. 4
D 85609 Aschheim
Land register
documents were not available.
A bank connection
is unknown.
Profit: 2010 EUR 53,282.00
2011 EUR 70,141.00
further business
figures:
Ac/ts
receivable:
EUR 357,928.00
Liabilities: EUR 221,770.00
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
[%]: 38.49
Liquidity
ratio: 2.46
Return on total
capital [%]: 16.11
Balance sheet
ratios 01.01.2010 - 31.12.2010
Equity ratio
[%]: 15.08
Liquidity
ratio: 1.73
Return on total
capital [%]: 8.25
Balance sheet
ratios 01.01.2009 - 31.12.2009
Equity ratio
[%]: 20.06
Liquidity
ratio: 1.46
Return on total
capital [%]: 11.27
Balance sheet
ratios 04.08.2008 - 31.12.2008
Equity ratio
[%]: 62.91
Liquidity
ratio: 10.00
Return on total
capital [%]: 22.27
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 435,262.66
Fixed assets EUR 677.00
Current assets EUR 434,384.55
Accounts receivable EUR 357,927.76
Other debtors and assets EUR 357,927.76
Liquid means EUR 76,456.79
Remaining other assets EUR 201.11
Accruals (assets) EUR 201.11
LIABILITIES EUR 435,262.66
Shareholders' equity EUR 167,515.91
Capital EUR 12,500.00
Subscribed capital (share capital) EUR 12,500.00
Balance sheet profit/loss (+/-) EUR 155,015.91
Profit / loss brought forward EUR 84,875.02
Annual surplus / annual deficit EUR 70,140.89
Provisions EUR 45,976.80
Liabilities EUR 221,769.95
Other liabilities EUR 221,769.95
Unspecified other liabilities EUR 221,769.95
Type of balance
sheet: Company balance sheet
Financial
year: 01.01.2010 - 31.12.2010
ASSETS EUR 645,846.16
Fixed assets EUR 1,036.00
Current assets EUR 644,223.15
Accounts receivable EUR 328,172.39
Liquid means EUR 316,050.76
Remaining other assets EUR 587.01
Accruals (assets) EUR 587.01
LIABILITIES EUR 645,846.16
Shareholders' equity EUR 97,375.02
Capital EUR 12,500.00
Subscribed capital (share capital) EUR 12,500.00
Balance sheet profit/loss (+/-) EUR 84,875.02
Profit / loss brought forward EUR 31,592.31
Annual surplus / annual deficit EUR 53,282.71
Provisions EUR 42,490.00
Liabilities EUR 505,981.14
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.37 |
|
|
1 |
Rs.83.99 |
|
Euro |
1 |
Rs.67.99 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
|
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 |
|
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 |
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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 |
-- |
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.