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Report Date : |
12.04.2013 |
IDENTIFICATION DETAILS
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Name : |
OSWALD RIEMER UHRENARMBANDFABRIK GMBH |
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Registered Office : |
Willibald-Popp-Str. 2 D 86179 Augsburg |
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Country : |
Germany |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
08.01.1957 |
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Com. Reg. No.: |
HRB 8368 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Processing of leather (except manufacture of leather apparel) |
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No. of Employees : |
40 |
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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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
Oswald Riemer Uhrenarmbandfabrik GmbH
Company Status: active
Willibald-Popp-Str. 2
D 86179
Augsburg
Telephone:0821/811020
Telefax: 0821/813946
Homepage:
www.rios1931.de
E-mail: info@rios1931.de
DE127493162
LEGAL FORM Private limited company
Date of foundation: 08.01.1957
Shareholders'
agreement: 08.12.1982
Registered on: 20.01.1983
Commercial Register: Local court
86150 Augsburg
under: HRB 8368
EUR 30,677.51
Andreas
Riemer
Willibald-Popp-Str. 2
D 86179
Augsburg
born:
12.05.1972
Share: EUR 30,677.51
Manager:
Andreas Riemer
Willibald-Popp-Str. 2
D 86179
Augsburg
having sole
power of representation
born:
12.05.1972
Profession:
Industrial scientist
Marital
status: single
08.01.1957 - 1966 Oswald
Riemer Uhrenarmbandfabrik
Konrad-Adenauer-Allee
D 86150
Augsburg
Sole
proprietorship
1966 - 20.01.1983 Oswald
Riemer Uhrenarmbandfabrik
Willibald-Popp-Str. 2
D 86179
Augsburg
Sole
proprietorship
Main industrial sector
15120 Processing of leather
(except manufacture of leather apparel)
Payment experience: within agreed
terms
Negative information:We have no negative information at hand.
Balance sheet year: 2011
Type of ownership: Tenant
Address
Willibald-Popp-Str. 2
D 86179
Augsburg
Land register documents were not available.
STADTSPARKASSE AUGSBURG, AUGSBURG, BAY
Sort. code: 72050000, BIC: AUGSDE77XXX
Turnover: 2012 EUR 5,200,000.00
Equipment: EUR 400,000.00
Ac/ts
receivable:
EUR 194,677.00
Liabilities: EUR 146,453.00
Employees:
40
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 [%]: 74.12
Liquidity
ratio: 10.00
Return
on total capital [%]: 22.42
Balance
sheet ratios 01.01.2010 - 31.12.2010
Equity
ratio [%]: 81.82
Liquidity
ratio: 10.00
Return
on total capital [%]: 20.20
Balance
sheet ratios 01.01.2009 - 31.12.2009
Equity
ratio [%]: 73.17
Liquidity
ratio: 4.81
Return
on total capital [%]: 15.48
Balance
sheet ratios 01.01.2008 - 31.12.2008
Equity
ratio [%]: 23.29
Liquidity
ratio: 0.59
Return
on total capital [%]: -47.74
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 679,657.77
Fixed assets EUR 106,380.00
Tangible assets EUR 106,380.00
Other / unspecified tangible assets EUR
106,380.00
Current assets EUR 572,200.28
Stocks EUR 239,923.47
Other / unspecified stocks EUR 239,923.47
Received advance payments for orders
(depreciated on the assets side) EUR -69.45
Accounts receivable EUR 194,676.57
Other debtors and assets EUR 194,676.57
Liquid means EUR 137,600.24
Remaining other assets EUR 1,077.49
Accruals (assets) EUR 1,077.49
LIABILITIES EUR 679,657.77
Shareholders' equity EUR 504,443.17
Capital EUR 30,677.52
Subscribed capital (share capital) EUR 30,677.52
Balance sheet profit/loss (+/-) EUR 473,765.65
Balance sheet profit / loss EUR 473,765.65
Provisions EUR 28,762.00
Liabilities EUR 146,452.60
Other liabilities EUR 146,452.60
Unspecified other liabilities EUR 146,452.60
Type
of balance
sheet: Company balance sheet
Financial
year: 01.01.2010 - 31.12.2010
ASSETS EUR 591,551.55
Fixed assets EUR 68,112.00
Tangible assets EUR 68,112.00
Other / unspecified tangible assets EUR 68,112.00
Current assets EUR 522,369.88
Stocks EUR 256,971.21
Accounts receivable EUR 110,843.67
Other debtors and assets EUR 110,843.67
Liquid means EUR 154,555.00
Remaining other assets EUR 1,069.67
Accruals (assets) EUR 1,069.67
LIABILITIES EUR 591,551.55
Shareholders' equity EUR 352,691.14
Capital EUR 30,677.52
Subscribed capital (share capital) EUR 30,677.52
Balance sheet profit/loss (+/-) EUR 322,013.62
Balance sheet profit / loss EUR 322,013.62
Provisions EUR 52,606.06
Liabilities EUR 186,254.35
Other liabilities EUR 186,254.35
Unspecified other liabilities EUR 186,254.35
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.53 |
|
|
1 |
Rs.83.59 |
|
Euro |
1 |
Rs.71.33 |
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.