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Report Date : |
16.08.2013 |
IDENTIFICATION DETAILS
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Name : |
GERMAN PARTNER CONSULTING GMBH |
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Registered Office : |
Westparkstr. 30, D 47803 Krefeld |
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Country : |
Germany |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
1988 |
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Com. Reg. No.: |
HRB 3910 |
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Legal Form : |
Private limited company |
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Line of Business : |
Agents involved in the sale of
machines (except agricultural machineryand office machinery) and industrial
supplies n.e.c. |
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No. of Employees : |
2 |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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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Status : |
Good |
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Payment Behaviour : |
Regular |
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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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 6.5% in 2012. GDP contracted
5.1% in 2009 but grew by 4.2% in 2010, and 3.0% in 2011, before dipping to 0.7%
in 2012 - a reflection of low investment spending due to crisis-induced
uncertainty and the decreased demand for German exports from recession-stricken
periphery countries. Stimulus and stabilization efforts initiated in 2008 and
2009 and tax cuts introduced in Chancellor Angela MERKEL's second term
increased Germany's total budget deficit - including federal, state, and
municipal - to 4.1% in 2010, but slower spending and higher tax revenues
reduced the deficit to 0.8% in 2011. In 2012 Germany reached a budget surplus
of 0.1%. 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 though the target was already reached in 2012. By 2014, the federal
government wants to balance its budget. 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 electricity generating capacity and 46%
of its base-load electricity production.
|
Source
: CIA |
GERMAN PARTNER CONSULTING GMBH
Company Status: active
Westparkstr. 30
D 47803 Krefeld
Telephone:02151/611638
Telefax:
02151/802813
Homepage:
www.used-machines.de
E-mail:
gpc@used-machines.de
VAT no.: DE120152148
Tax ID number: 117/5812/0494
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1988
Registered on: 11.08.1989
Commercial Register: Local court 47798 Krefeld
under: HRB 3910
Share capital: EUR 51,129.19
Shareholder:
Peter Hoff
Botzweg 32
D 47839 Krefeld
born: 16.04.1946
Share: EUR 26,075.89
Shareholder:
Bernard Cervi
Hermann-Schumacher-Str. 4
D 47804 Krefeld
born: 1950
Share: EUR 25,053.30
Manager:
Peter Hoff
Botzweg 32
D 47839 Krefeld
having sole power of
representation
born: 16.04.1946
Profession: graduate
engineer
Marital status: single
Manager:
Bernard Cervi
Hermann-Schumacher-Str. 4
D 47804 Krefeld
having sole power of
representation
born: 1950
Marital status: single
11.08.1989 - 1999 GERMAN Partner Consulting GmbH
Ostwall 52a
D 47798 Krefeld
Private limited company
Main
industrial sector
46141 Agents
involved in the sale of machines (except agricultural machineryand office
machinery) and industrial supplies n.e.c.
Payment experience: within
agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2012
Type of ownership: Tenant
Address Westparkstr.
30
D 47803 Krefeld
Real Estate of: Peter
Hoff
Type of ownership: unknown
Address Botzweg
32
D 47839 Krefeld
Real Estate of: Bernard
Cervi
Type of ownership: unknown
Address Hermann-Schumacher-Str.
4
D 47804 Krefeld
Land register documents were not available.
Principal
bank
DEUTSCHE BANK, KREFELD
Sort. code: 32070080, Account no.: 1470004,
BIC: DEUTDEDD320
Turnover: 2012 EUR 4,500,000.00
Profit: 2011 EUR -205,207.00
2012 EUR 299,214.00
further business figures:
Equipment: EUR 30,000.00
Ac/ts receivable: EUR 616,638.00
Liabilities: EUR 612,488.00
Total numbers of vehicles: 2
Employees:
2
The aforementioned business figures may partly
be estimated information based on average values in the line of business.
Balance sheet ratios 01.01.2012 -
31.12.2012
Equity ratio [%]: 71.67
Liquidity ratio: 6.13
Return on total capital [%]: 39.36
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 82.20
Liquidity ratio: 10.00
Return on total capital [%]: -74.34
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 58.99
Liquidity ratio: 10.00
Return on total capital [%]: -0.60
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 20.89
Liquidity ratio: 0.11
Return on total capital [%]: -7.73
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: 01.01.2012 - 31.12.2012
ASSETS EUR 760,146.17
Fixed assets
EUR 1,495.50
Intangible assets
EUR 0.50
Other / unspecified intangible assetsEUR 0.50
Tangible assets
EUR 1,495.00
Other / unspecified tangible assets
EUR 1,495.00
Current assets
EUR 758,418.67
Stocks EUR 30,063.00
Accounts receivable
EUR 616,638.25
Other debtors and assets
EUR 616,638.25
Liquid means
EUR 111,717.42
Remaining other assets
EUR 232.00
Accruals (assets)
EUR 232.00
LIABILITIES EUR 760,146.17
Shareholders' equity
EUR 144,657.86
Capital
EUR 51,129.19
Subscribed capital (share capital)
EUR 51,129.19
Balance sheet profit/loss (+/-)
EUR 93,528.67
Profit / loss brought forward
EUR -205,685.56
Annual surplus / annual deficit
EUR 299,214.23
Provisions
EUR 3,000.00
Liabilities
EUR 612,488.31
Other liabilities
EUR 612,488.31
Unspecified other liabilities
EUR 612,488.31
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 445,338.77
Fixed assets
EUR 3,553.00
Intangible assets
EUR 0.50
Other / unspecified intangible assetsEUR 0.50
Tangible assets
EUR 3,552.50
Other / unspecified tangible assets
EUR 3,552.50
Current assets
EUR 286,117.40
Stocks
EUR 32,563.00
Accounts receivable EUR 88,844.71
Other debtors and assets
EUR 88,844.71
Liquid means
EUR 164,709.69
Remaining other assets
EUR 155,668.37
Accruals (assets)
EUR 1,112.00
Deficit not covered by shareholders'
equity
EUR 154,556.37
LIABILITIES EUR 445,338.77
Shareholders' equity EUR 0.00
Capital
EUR 51,129.19
Subscribed capital (share capital)
EUR 51,129.19
Balance sheet profit/loss (+/-)
EUR -205,685.56
Profit / loss brought forward
EUR -478.38
Annual surplus / annual deficit
EUR -205,207.18
Other shareholders' equity (+/-)
EUR 154,556.37
Deficit not covered by shareholders'
equity EUR 154,556.37
Provisions
EUR 3,000.00
Liabilities
EUR 442,338.77
Other liabilities
EUR 442,338.77
Unspecified other liabilities
EUR 442,338.77
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.51 |
|
|
1 |
Rs.94.98 |
|
Euro |
1 |
Rs.81.62 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.