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Report Date : |
02.02.2013 |
IDENTIFICATION DETAILS
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Name : |
HTS TEXTILVERTRIEBS GMBH |
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Registered Office : |
Osterfeldstr. 32-34 D 22529 Hamburg, Germany |
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Country : |
Germany |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
01.10.1993 |
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Com. Reg. No.: |
HRB 84839 |
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Legal Form : |
Private limited company |
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Line of Business : |
Manufacture of other wearing apparel and
accessories n.e.c. |
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No. of Employees : |
10 |
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 (31.03.2012) |
Current Rating (30.06.2012) |
|
Germany |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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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.
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Source : CIA |
HTS TEXTILVERTRIEBS GMBH
Company Status: active
Osterfeldstr. 32-34
D 22529 Hamburg
Telephone:040/55620350
Telefax: 040/556203545
Homepage: www.khujo.de
E-mail:
info@khujo.com
VAT no.: DE813491456
Tax ID number: 71/861/03402
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 01.10.1993
Shareholders'
agreement: 15.07.2002
Registered on: 13.09.2002
Commercial Register: Local court 20355 Hamburg
under: HRB
84839
Share capital: EUR
25,000.00
Shareholder:
Tobias Schröder
Geibelstr. 21a
D 22303 Hamburg
born: 19.08.1970
Share: EUR 25,000.00
Manager:
Tobias Schröder
Geibelstr. 21a
D 22303 Hamburg
having sole power of
representation
born: 19.08.1970
Profession: Businessman
Marital status: single
Further functions/participations of Tobias
Schröder (Manager)
General partner:
Tobias Schröder und Olaf
Richter
Rahlstedter Str. 32a
D 22149 Hamburg
Legal form: Partnership
under the Civil Code
dissolved
Manager:
Khujo Co. Limited
Osterfeldstr. 32-34
D 22529 Hamburg
Legal form: Branch of a
private limited
company under
foreign law
Share capital: EUR 1.00
Registered
on: 10.06.2011
Reg. data: 20355 Hamburg, HRB 118625
01.10.1993 - 01.10.1993 Tobias
Schröder
Poßmoorweg 33
D 22301 Hamburg
Unregistered commercial
enterprise
02.10.1993 - 2002 HTS
Textilvertriebs GmbH
Am Tarpenufer 28
D 22848 Norderstedt
Private limited company
01.01.2003 - 03.04.2008 HTS
Textilvertriebs GmbH
Beim Alten Schützenhof 4
D 22083 Hamburg
Private limited company
Secondary industrial sector
14190
Manufacture of other wearing apparel and accessories n.e.c.
4616
Agents involved in the sale of textiles,
apparel, footwear and leatherware
Payment experience: within
agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2010
Type of ownership: Tenant
Address Osterfeldstr.
32-34
D 22529 Hamburg
Type of ownership: Tenant
Address Beim
Alten Schützenhof 4
D
22083 Hamburg
Land register documents were not available.
DEUTSCHE BANK, HAMBURG
Sort. code: 20070000, BIC: DEUTDEHHXXX
Turnover:
2011 EUR 1,600,000.00
2012 EUR 1,600,000.00
further business figures:
Equipment: EUR 80,000.00
Ac/ts receivable: EUR 3,774,555.00
Liabilities: EUR 1,197,204.00
Employees:
10
The aforementioned business figures may partly
be estimated information based on average values in the line of business.
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 85.46
Liquidity ratio: 10.00
Return on total capital [%]: 66.98
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 90.60
Liquidity ratio: 10.00
Return on total capital [%]: 16.48
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 91.44
Liquidity ratio: 10.00
Return on total capital [%]: 18.41
Balance sheet ratios 01.01.2007 - 31.12.2007
Equity ratio [%]: 92.05
Liquidity ratio: 10.00
Return on total capital [%]: 32.29
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: 01.01.2010 - 31.12.2010
ASSETS EUR 14,245,275.34
Fixed assets
EUR 19,289.00
Intangible assets
EUR 5,602.00
Other / unspecified intangible assetsEUR 5,602.00
Tangible assets
EUR 13,687.00
Other / unspecified tangible assets
EUR 13,687.00
Current assets
EUR 14,110,210.80
Stocks
EUR 1,280,831.36
Accounts receivable EUR 3,774,554.56
Other debtors and assets
EUR 3,774,554.56
Liquid means
EUR 9,054,824.88
Remaining other assets
EUR 115,775.54
Accruals (assets)
EUR 115,775.54
LIABILITIES EUR 14,245,275.34
Shareholders' equity
EUR 11,995,891.25
Capital
EUR 25,000.00
Subscribed
capital (share capital) EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR 11,970,891.25
Profit / loss brought forward
EUR 2,452,623.23
Annual surplus / annual deficit
EUR 9,518,268.02
Provisions
EUR 1,052,179.87
Liabilities
EUR 1,197,204.22
Other liabilities
EUR 1,197,204.22
Unspecified other liabilities
EUR 1,197,204.22
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2009 - 31.12.2009
ASSETS EUR 10,530,207.72
Fixed assets
EUR 3,821.00
Intangible assets
EUR 307.00
Other / unspecified intangible assetsEUR 307.00
Tangible assets
EUR 3,514.00
Other / unspecified tangible assets
EUR 3,514.00
Current assets
EUR 10,436,887.06
Stocks
EUR 325,019.10
Accounts receivable
EUR 1,543,687.54
Other debtors and assets EUR 1,543,687.54
Liquid means
EUR 8,568,180.42
Remaining other assets
EUR 89,499.66
Accruals (assets)
EUR 89,499.66
LIABILITIES EUR 10,530,207.72
Shareholders' equity
EUR 9,543,268.02
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance
sheet profit/loss (+/-) EUR 9,518,268.02
Profit / loss brought forward
EUR 7,787,543.37
Annual surplus / annual deficit
EUR 1,730,724.65
Provisions
EUR 350,455.77
Liabilities
EUR 636,483.93
Other liabilities
EUR 636,483.93
Unspecified other liabilities
EUR 636,483.93
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.32 |
|
|
1 |
Rs.84.60 |
|
Euro |
1 |
Rs.72.63 |
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 |
|
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NB |
New Business |
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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.