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Report Date : |
08.04.2013 |
IDENTIFICATION DETAILS
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Name : |
AUGUST NELL JR. GMBH |
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Registered Office : |
Kohlfurther Brücke 69 D 42349 Wuppertal |
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Country : |
Germany |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
16.11.2004 |
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Com. Reg. No.: |
HRB 18838 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Activities of holding companies |
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No. of Employees : |
30 |
RATING & COMMENTS
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
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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
August Nell jr. GmbH
Company Status: active
Kohlfurther
Brücke 69
D 42349
Wuppertal
Telephone:0202/247420
Telefax: 0202/2474242
Homepage:
http://www.nell.de
E-mail: info@nell.de
DE814178981
LEGAL FORM Private limited company
Date of foundation: 16.11.2004
Shareholders'
agreement: 16.11.2004
Registered on: 02.12.2004
Commercial Register: Local
court 42103 Wuppertal
under: HRB 18838
EUR 25,000.00
Heinz Berger
Maschinenfabrik GmbH & Co. KG
Kohlfurther
Brücke 69
D 42349
Wuppertal
Legal form:
Ltd partnership with priv. ltd.
company as
general partner
Total
cap. EUR 355,904.30
contribution:
Share: EUR 25,000.00
Registered
on: 03.05.1957
Reg. data:
42103 Wuppertal, HRA 13527
Manager:
Marco
Chiesura
D 42899
Remscheid
having sole
power of representation
born:
04.05.1968
Profession:
Businessman
Manager:
Dr. Andreas
Groß
D 42103
Wuppertal
having sole power of representation
born:
30.08.1966
Profession:
Businessman
FURTHER
FUNCTIONS/PARTICIPATIONS OF MARCO CHIESURA (MANAGER)
Manager:
Julius
Maschinenbau GmbH
Kohlfurther Brücke 69
D 42349
Wuppertal
Legal form:
Private limited company
Share
capital: EUR 25,564.59
Registered
on: 16.08.1977
Reg.
data: 42103 Wuppertal, HRB 12697
Manager:
Berger Gruppe
GmbH
Kohlfurther
Brücke 69
D 42349
Wuppertal
Legal form:
Private limited company
Share
capital: EUR 25,600.00
Registered
on: 02.12.1971
Reg.
data: 42103 Wuppertal, HRB 3880
Manager:
Hauschild
GmbH
Kohlfurther Brücke 69
D 42349
Wuppertal
Legal form:
Private limited company
Share
capital: EUR 25,000.00
Registered
on: 23.04.2004
Reg.
data: 42103 Wuppertal, HRB 16921
FURTHER
FUNCTIONS/PARTICIPATIONS OF DR. ANDREAS GROß (MANAGER)
Manager:
Julius
Maschinenbau GmbH
Kohlfurther
Brücke 69
D 42349 Wuppertal
Legal form:
Private limited company
Share
capital: EUR 25,564.59
Registered
on: 16.08.1977
Reg. data: 42103 Wuppertal, HRB 12697
Manager:
Berger Gruppe
GmbH
Kohlfurther
Brücke 69
D 42349
Wuppertal
Legal form:
Private limited company
Share
capital: EUR 25,600.00
Registered
on: 02.12.1971
Reg.
data: 42103 Wuppertal, HRB 3880
Manager:
Hauschild
GmbH
Kohlfurther
Brücke 69
D 42349 Wuppertal
Legal form:
Private limited company
Share
capital: EUR 25,000.00
Registered
on: 23.04.2004
Reg.
data: 42103 Wuppertal, HRB 16921
Sectors
64200 Activities of holding
companies
Payment experience: within agreed
terms
Negative information:We have no negative information at hand.
Balance sheet year: 2011
Type of ownership: Tenant
Address Kohlfurther
Brücke 69
D 42349
Wuppertal
Land register documents were not available.
A bank connection is unknown.
Profit: 2011 EUR 31,714.00
Ac/ts
receivable:
EUR 421,806.00
Liabilities: EUR 444,386.00
Employees:
30
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 [%]: 39.29
Liquidity
ratio: 1.58
Return
on total capital [%]: 4.31
Balance
sheet ratios 01.01.2010 - 31.12.2010
Equity
ratio [%]: 44.08
Liquidity
ratio: 1.98
Return
on total capital [%]: 8.85
Balance
sheet ratios 01.01.2009 - 31.12.2009
Equity
ratio [%]: 18.98
Liquidity
ratio: 0.69
Return
on total capital [%]: 0.47
Balance
sheet ratios 01.01.2008 - 31.12.2008
Equity
ratio [%]: 19.97
Liquidity
ratio: 0.73
Return
on total capital [%]: 10.84
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 788,299.39
Fixed assets EUR 105,040.00
Intangible assets EUR 105,040.00
Other / unspecified intangible
assetsEUR 105,040.00
Current assets EUR 680,997.52
Stocks EUR 81,000.00
Accounts receivable EUR 421,805.68
Other debtors and assets EUR 421,805.68
Liquid means EUR 178,191.84
Remaining other assets EUR 2,261.87
Accruals (assets) EUR 2,261.87
LIABILITIES EUR 788,299.39
Shareholders' equity EUR 341,613.08
Capital EUR 25,000.00
Subscribed capital (share capital) EUR 25,000.00
Balance sheet profit/loss (+/-) EUR 316,613.08
Profit / loss brought forward EUR 284,898.59
Annual surplus / annual deficit EUR 31,714.49
Provisions EUR 2,300.00
Liabilities EUR 444,386.31
Other liabilities EUR 444,386.31
Unspecified other liabilities EUR 444,386.31
Type
of balance
sheet: Company balance sheet
Financial
year: 01.01.2010 - 31.12.2010
ASSETS EUR 630,434.41
Fixed assets EUR 118,808.00
Intangible assets EUR 118,808.00
Other / unspecified intangible
assetsEUR 118,808.00
Current assets EUR 511,626.41
Stocks EUR 85,135.00
Accounts receivable EUR 242,557.05
Other debtors and assets EUR 242,557.05
Liquid means EUR 183,934.36
LIABILITIES EUR 630,434.41
Shareholders' equity EUR 311,126.31
Capital EUR 25,000.00
Subscribed capital (share capital) EUR 25,000.00
Balance sheet profit/loss (+/-) EUR 286,126.31
Profit / loss brought forward EUR
235,580.92
Annual surplus / annual deficit EUR 50,545.39
Provisions EUR 12,758.00
Liabilities EUR 306,550.10
Other liabilities EUR 306,550.10
Unspecified other liabilities EUR 306,550.10
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.88 |
|
|
1 |
Rs.83.54 |
|
Euro |
1 |
Rs.70.90 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.