|
Report Date : |
14.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
SUPERSTARS GMBH. DIAMOND EXPORT/IMPORT |
|
|
|
|
Registered Office : |
Friedenstr.
78, D 75173 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
25.09.1981 |
|
|
|
|
Com. Reg. No.: |
HRB
501709 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
Wholesale of clocks and watches and
jewelry |
|
|
|
|
No. of Employees : |
Not Available |
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 |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No complaints |
|
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 |
|
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 |
Superstars
GmbH. Diamond Export/Import
Friedenstr.
78
D 75173
Pforzheim
Telephone:07231/28094-24
Telefax: 07231/28094-10
E-mail: superstars_germany@gmx.de
Business
relations are permissible.
LEGAL
FORM Private
limited company
Date of
foundation: 25.09.1981
Registered
on: 03.11.1981
Commercial
Register: Local court 68159 Mannheim
under: HRB
501709
Share
capital: EUR 153,387.56
Kaushik
R. Metha
Carl-Schurz-Str.
127
D 75180
Pforzheim
born:
09.06.1956
Share: EUR 153,387.56
Kaushik
R. Metha
Carl-Schurz-Str.
127
D 75180
Pforzheim
born:
09.06.1956
Marital
status: married
03.11.1981
- 17.07.2000 Superstars GmbH Diamond
Export / Import
Carl-Schurz-Str.
127
D 75180
Pforzheim
Private
limited company
Main
industrial sector
46480 Wholesale of clocks and watches and jewelry
Payment
experience: within agreed terms
Negative
information:We have no negative information at hand.
Balance
sheet year: 2011
Type of
ownership: Tenant
Address Friedenstr. 78
D 75173
Pforzheim
Land register
documents were not available.
SPARKASSE
PFORZHEIM CALW, PFORZHEIM
Sort.
code: 66650085, BIC: PZHSDE66XXX
FINANCIAL
FIGURES
Gross
profit or loss:2011
EUR 1,392,010.00
Profit: 2011 EUR 384,436.00
Equipment: EUR 24,071.00
Ac/ts
receivable:
EUR 5,623,581.00
Liabilities: EUR 7,676,691.00
Total
numbers of vehicles: 1
Employees:
6
- thereof
permanent staff: 3
-
Part-time employees: 3
BALANCE
SHEETS
Balance sheet
ratios 01.01.2011 - 31.12.2011
Equity
ratio [%]: 15.52
Liquidity
ratio: 0.75
Return on
total capital [%]: 4.18
Balance
sheet ratios 01.01.2010 - 31.12.2010
Equity
ratio [%]: 17.28
Liquidity
ratio: 0.63
Return on
total capital [%]: 2.00
Balance
sheet ratios 01.01.2009 - 31.12.2009
Equity
ratio [%]: 19.04
Liquidity
ratio: 0.68
Return on
total capital [%]: 6.60
Balance
sheet ratios 01.01.2008 - 31.12.2008
Equity
ratio [%]: 8.19
Liquidity
ratio: 0.70
Return on
total capital [%]: 0.22
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 9,225,398.30
Fixed
assets EUR 24,071.00
Tangible
assets EUR 24,071.00
Other
tangible assets / fixtures and
fittings EUR 24,071.00
Current
assets EUR 9,200,934.30
Stocks EUR 3,364,666.00
Accounts
receivable EUR 5,623,581.41
Other
debtors and assets EUR 5,623,581.41
Liquid
means EUR 212,686.89
Remaining
other assets EUR 393.00
Accruals
(assets) EUR 393.00
LIABILITIES EUR 9,225,398.30
Shareholders'
equity EUR 1,458,417.22
Capital EUR 153,387.56
Subscribed
capital (share capital) EUR 153,387.56
Balance
sheet profit/loss (+/-) EUR 1,305,029.66
Profit /
loss brought forward EUR 920,594.10
Annual
surplus / annual deficit EUR 384,435.56
Provisions EUR 26,200.00
Liabilities EUR 7,676,691.08
Financial
debts EUR 1,050,416.63
Liabilities
due to banks EUR 1,050,416.63
Other
liabilities EUR 6,626,274.45
Unspecified
other liabilities EUR 6,626,274.45
Other
liabilities EUR 64,090.00
Deferred
taxes (not included under
provisions/liabilities) EUR 64,090.00
Guarantees
and other commitments EUR 460,060.81
Discounted
bills of exchange EUR 460,060.81
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Gross
result (+/-) EUR 1,392,009.97
Staff
expenses EUR 224,246.09
Wages and
salaries EUR 197,279.01
Social
security contributions and
expenses
for pension plans and
benefits EUR 26,967.08
Total
depreciation EUR 6,165.25
Depreciation
on tangible / intangible
asssets
(incl. start-up and exp. of
bus. EUR 6,165.25
Other
operating expenses EUR 691,482.96
Operating
result from continuing
operations EUR 470,115.67
Interest
result (+/-) EUR -33,680.55
Interest
and similar income EUR 24,421.41
Interest
and similar expenses EUR 58,101.96
thereof
paid to related companies EUR 166.44
Financial
result (+/-) EUR -33,680.55
Result
from ordinary operations (+/-) EUR 436,435.12
Income
tax / refund of income tax (+/-)EUR
-50,894.56
Other
taxes / refund of taxes EUR -1,105.00
Tax
(+/-) EUR -51,999.56
Annual
surplus / annual deficit EUR 384,435.56
Type of
balance
sheet: Company balance sheet
Financial
year: 01.01.2010 - 31.12.2010
ASSETS EUR 6,350,598.17
Fixed
assets EUR 160,275.00
Tangible
assets EUR 10,475.00
Other
tangible assets / fixtures and
fittings EUR 10,475.00
Financial
assets EUR 149,800.00
Shares in
participations /
subsidiaries
and the like EUR 149,800.00
Shares in
related companies EUR 149,800.00
Current
assets EUR 6,189,987.17
Stocks EUR 2,887,637.00
Accounts
receivable EUR 3,300,992.71
Trade
debtors EUR 3,240,267.83
Other
debtors and assets EUR 60,724.88
Liquid
means EUR 1,357.46
Remaining
other assets EUR 336.00
Accruals
(assets) EUR 336.00
LIABILITIES EUR 6,350,598.17
Shareholders'
equity EUR 1,123,981.66
Capital EUR 153,387.56
Subscribed
capital (share capital) EUR 153,387.56
Balance
sheet profit/loss (+/-) EUR 970,594.10
Profit /
loss brought forward EUR 743,006.54
Annual
surplus / annual deficit EUR 227,587.56
Provisions EUR 41,943.00
Liabilities EUR 5,166,679.91
Financial
debts EUR 1,401,675.36
Liabilities
due to banks EUR 1,401,675.36
Other
liabilities EUR 3,765,004.55
Trade
creditors (for IAS incl. bills
of exchange) EUR 3,217,866.35
Liabilities
from received advance
payments EUR 21,008.40
Liabililties
due to related companiesEUR
49,005.98
Unspecified
other liabilities EUR 477,123.82
Other
liabilities EUR 17,993.60
Deferred
taxes (not included under
provisions/liabilities) EUR 17,993.60
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Gross
result (+/-) EUR 959,617.06
Staff
expenses EUR 200,582.92
Wages and
salaries EUR 174,848.00
Social
security contributions and
expenses
for pension plans and
benefits EUR 25,734.92
Total
depreciation EUR 7,137.00
Depreciation
on tangible / intangible
asssets
(incl. start-up and exp. of
bus. EUR 7,137.00
Other
operating expenses EUR 544,453.51
Operating
result from continuing
operations EUR 207,443.63
Interest
result (+/-) EUR -28,524.62
Interest
and similar income EUR 24,481.68
Interest
and similar expenses EUR 53,006.30
thereof
paid to related companies EUR 1,345.29
Financial
result (+/-) EUR -28,524.62
Result
from ordinary operations (+/-) EUR 178,919.01
Extraordinary
income EUR 134,018.80
Extraordinary
expenses EUR 32,649.10
Extraordinary
result (+/-) EUR 101,369.70
Income
tax / refund of income tax (+/-)EUR
-51,643.15
Other
taxes / refund of taxes EUR -1,058.00
Tax
(+/-)
EUR -52,701.15
Annual
surplus / annual deficit EUR 227,587.56
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.12 |
|
|
1 |
Rs.101.53 |
|
Euro |
1 |
Rs.85.41 |
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.