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Report Date : |
12.09.2012 |
IDENTIFICATION DETAILS
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Name : |
TALECO-HANDELS-GMBH GESCHENK- UND LEDER-ARTIKEL |
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Registered Office : |
Schleusenstr. 21, D 96247 Michelau |
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Country : |
Germany |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
26.08.1977 |
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Com. Reg. No.: |
HRB 469 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesale
of leather goods, luggage, giftware and advertising articles |
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No. of Employees : |
23 employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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 |
Taleco-Handels-GmbH Geschenk- und Leder-Artikel
Schleusenstr. 21
D 96247 Michelau
Telephone: 09571/899-0
Telefax: 09571/899-39
Homepage: www.taleco.net
E-mail: info@taleco.eu
DE132457961
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 26.08.1977
Registered on: 01.12.1977
Commercial Register: Local
court 96450 Coburg
under: HRB 469
Share capital: EUR 255,850.00
Alfred Werner Schweigert
Erlenstr. 13
D 96247 Michelau
born: 05.07.1949
Share: EUR 255,850.00
Alfred Werner Schweigert
Erlenstr. 13
D 96247 Michelau
born: 05.07.1949
Profession: Commercial expert
Marital status: married
Manager:
Alexander Schweigert
D 96247 Michelau
having sole power of representation
born: 30.10.1978
Manager:
Christian Schweigert
D 96247 Michelau
having sole power of representation
born: 18.05.1981
Helmut Schindelmann
D 96275 Marktzeuln
authorized to jointly represent the company
born: 01.07.1956
Sectors
46493 Wholesale of leather goods, luggage,
giftware and advertising articles
47722 Retail sale of leatheware and baggage
Payment experience: within
agreed terms
Negative information We
have no negative information at hand.
Balance sheet year: 2010
Type of ownership: proprietor
Share: 100.00 %
Address Schleusenstr. 21
D 96247 Michelau
Land register documents were not available.
SPARKASSE
COBURG-LICHTENFELS, COBURG
Sort. code: 78350000, BIC: BYLADEM1COB
COMMERZBANK,
COBURG
Sort. code: 78340091, BIC: COBADEFF783
UNICREDIT BANK -
HYPOVEREINSBANK, COBURG
Sort. code: 78320076, BIC: HYVEDEMM480
Turnover: 2011 EUR 3,047,500.00
Equipment: EUR 184,000.00
Ac/ts receivable: EUR 1,395,031.00
Liabilities: EUR 826,300.00
Employees: 23
-
thereof permanent staff: 23
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 [%]: 65.25
Liquidity ratio: 2.70
Return on total capital [%]: 5.39
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 60.10
Liquidity ratio: 1.44
Return on total capital [%]: 5.30
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 54.21
Liquidity ratio: 1.06
Return on total capital [%]: 2.40
Balance sheet ratios 01.01.2007 - 31.12.2007
Equity ratio [%]: 56.68
Liquidity ratio: 1.18
Return on total capital [%]: 2.50
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.
Balance sheet grade
The
balance sheet grade is based on the following ratios: equity ratio, liquidity
ratio and return on total capital from the balance sheets published in the
Federal Gazette. It is calculated in accordance with the methodology of Euler
Hermes.
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 3,420,108.35
Fixed assets EUR 899,499.20
Intangible assets
EUR 8,495.00
Other / unspecified intangible assetsEUR 8,495.00
Tangible assets
EUR 891,004.20
Other / unspecified tangible assets
EUR 891,004.20
Current assets
EUR 2,510,349.71
Stocks
EUR 824,724.47
Accounts receivable
EUR 1,395,030.81
Other debtors and assets
EUR 1,395,030.81
Liquid means
EUR 290,594.43
Remaining other assets
EUR 10,259.44
Accruals (assets)
EUR 10,259.44
LIABILITIES EUR 3,420,108.35
Shareholders' equity
EUR 2,072,423.94
Capital
EUR 255,850.00
Subscribed capital (share capital)
EUR 255,850.00
Balance sheet profit/loss (+/-)
EUR 1,816,573.94
Balance sheet profit / loss
EUR 1,816,573.94
Items between shareholders' equity and
debt capital
EUR 281,843.00
Special items with reserve funds
EUR 281,843.00
Provisions
EUR 239,540.99
Liabilities
EUR 826,300.42
Other liabilities
EUR 826,300.42
Unspecified other liabilities
EUR 826,300.42
Guarantees and other commitments
EUR 151,108.40
Guarantees / warranties
EUR 151,108.40
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2009 - 31.12.2009
ASSETS EUR 3,380,174.72
Fixed assets
EUR 937,226.20
Intangible assets
EUR 9,496.00
Other / unspecified intangible assetsEUR 9,496.00
Tangible assets
EUR 927,730.20
Other / unspecified tangible assets
EUR 927,730.20
Current assets
EUR 2,423,695.53
Stocks
EUR 958,653.68
Accounts receivable
EUR 1,301,309.36
Other debtors and assets
EUR 1,301,309.36
Liquid means EUR 163,732.49
Remaining other assets
EUR 19,252.99
Accruals (assets)
EUR 19,252.99
LIABILITIES EUR 3,380,174.72
Shareholders' equity
EUR 1,888,229.76
Capital
EUR 255,850.00
Subscribed capital (share capital)
EUR 255,850.00
Balance sheet profit/loss (+/-)
EUR 1,632,379.76
Balance sheet profit / loss EUR 1,632,379.76
Items between shareholders' equity and
debt capital
EUR 290,177.00
Special items with reserve funds
EUR 290,177.00
Provisions EUR 134,074.70
Liabilities
EUR 1,067,693.26
Other liabilities
EUR 1,067,693.26
Unspecified other liabilities
EUR 1,067,693.26
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.52 |
|
UK Pound |
1 |
Rs.88.85 |
|
Euro |
1 |
Rs.70.85 |
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 |
|
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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.