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Report Date : |
04.04.2013 |
IDENTIFICATION DETAILS
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Name : |
TASCHENKULT GMBH |
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|
|
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Registered Office : |
Breite
Str. 118-120, D 50667 Köln |
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|
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Country : |
Germany |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
07.07.2005 |
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Com. Reg. No.: |
HRB 55862 |
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Legal Form : |
Private limited company |
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|
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Line of Business : |
Wholesale of other household goods |
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|
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No. of Employees : |
Not Available |
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 : |
Usually 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 |
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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 |
TASCHENKULT GmbH
Breite
Str. 118-120
D 50667
Köln
Telephone:0221/8004141
Telefax: 0221/8004143
Homepage:
www.taschenkult.de
E-mail: info@taschenkult.de
DE243801452
215/5841/1352
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 07.07.2005
Shareholders' agreement: 07.07.2005
Registered on: 12.08.2005
Commercial Register: Local court 50939 Köln
under: HRB
55862
Share capital: EUR
25,000.00
Katja Alexandra von der
Gathen
Hammerschmidtstr. 104
D 50999 Köln
born: 18.10.1969
née: Kuhn
Share: EUR 25,000.00
Rolf
Georg Steinberger
Hauptstr.
52
D 50996 Köln
having
sole power of representation
born:
22.09.1960
Profession:
Fully qualified merchant
Marital
status: married
Negative
remark(s) regarding
Rolf
Georg Steinberger
Debt
collection monitoring:
Amount last entry:
1 07.12.2005
EUR 8,469.33
Main industrial sector
4649
Wholesale of other household goods
Secondary industrial sector
47722
Retail sale of leatheware and baggage
70220
Business and other management consultancy activities
Branch:
TASCHENKULT GmbH
Jahnstr. 8
D 97525 Schwebheim
Payment experience: within periods customary in this trade
Negative information:Negative information is
known to us. We refer you to the legal form data.
Balance sheet year: 2011
Type of ownership: Tenant
Address Breite Str. 118-120
D 50667 Köln
Real Estate of: Katja Alexandra von der Gathen
Type of ownership: unknown
Address Hammerschmidtstr. 104
D 50999 Köln
Real Estate of: Rolf Georg Steinberger
Type of ownership: Tenant
Address Hauptstr. 52
D 50859 Köln
Land register documents were not available.
A bank connection is unknown.
Turnover: 2011 EUR 416,500.00
Profit: 2011 EUR -1,112.00
Equipment: EUR 157.00
Ac/ts receivable: EUR 11,734.00
Liabilities: EUR 19,807.00
Employees: 3
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 [%]: -1.25
Liquidity ratio: 0.67
Return on total capital [%]: -5.88
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 66.66
Liquidity ratio: 10.00
Return on total capital [%]: 7.98
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 1.48
Liquidity ratio: 0.94
Return on total capital [%]: -23.75
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: -9.06
Liquidity ratio: 0.97
Return on total capital [%]: -12.36
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 19,807.12
Fixed assets
EUR 207.00
Tangible assets
EUR 157.00
Other tangible assets / fixtures and
fittings
EUR 157.00
Financial assets
EUR 50.00
Other loans EUR 50.00
Current assets
EUR 18,717.06
Stocks
EUR 5,293.40
Finished goods / work in progress
EUR 5,293.40
Accounts receivable
EUR 11,733.76
thereof total due from shareholders
EUR 21.50
Trade debtors
EUR 5,125.13
Other debtors and assets
EUR 6,608.63
Liquid means
EUR 1,689.90
Remaining other assets
EUR 883.06
Deficit not covered by shareholders'
equity
EUR 883.06
LIABILITIES EUR 19,807.12
Shareholders' equity
EUR 0.00
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR -25,883.06
Profit / loss brought forward
EUR -24,770.85
Annual surplus / annual deficit
EUR -1,112.21
Other shareholders' equity (+/-)
EUR 883.06
Deficit not covered by shareholders'
equity
EUR 883.06
Liabilities
EUR 19,807.12
thereof total due to shareholders
EUR 668.11
Other liabilities
EUR 19,807.12
Trade creditors (for IAS incl. bills
of exchange)
EUR 1,678.08
Unspecified other liabilities
EUR 18,129.04
thereof liabilities from tax /
financial authorities
EUR 2,519.80
thereof liabilities from social
security
EUR 1,962.30
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 72,718.45
Fixed assets
EUR 10,343.06
Tangible assets
EUR 231.00
Other / unspecified tangible assets
EUR 231.00
Financial assets
EUR 10,112.06
Other / unspecified financial assets EUR 10,112.06
Current assets
EUR 50,689.07
Stocks
EUR 5,293.40
Other / unspecified stocks
EUR 5,293.40
Accounts receivable
EUR 45,395.67
Remaining other assets
EUR 11,686.32
Accruals (assets)
EUR 11,686.32
LIABILITIES EUR 72,718.45
Shareholders' equity
EUR 15,783.13
Capital
EUR 26,940.00
Subscribed capital (share capital)
EUR 26,940.00
Balance sheet profit/loss (+/-)
EUR -11,156.87
Profit / loss brought forward
EUR -13,336.76
Annual surplus / annual deficit EUR 2,179.89
Liabilities
EUR 47,826.32
Other liabilities
EUR 9,109.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.38 |
|
|
1 |
Rs.82.04 |
|
Euro |
1 |
Rs.69.58 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.