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Report Date : |
06.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
LEDERART GMBH |
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|
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Registered Office : |
Kölner Str. 341, D 45481 Mülheim |
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|
|
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Country : |
Germany |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
19.06.2001 |
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Com. Reg. No.: |
HRB 16042 |
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Legal Form : |
Private limited company |
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|
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Line of Business : |
Wholesale of leather goods, luggage, giftware and advertising articles |
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No. of Employees : |
5 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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Status : |
Small Company |
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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 |
|
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 6.0% 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 |
LEDERART GMBH
Company Status: active
Kölner Str. 341
D 45481 Mülheim
Telephone:0208/469318-0
Telefax: 0208/46931820
E-mail: info@lederart.net
Business relations are
permissible.
LEGAL FORM Private limited company
Date of foundation: 19.06.2001
Shareholders'
agreement: 19.06.2001
Registered on: 12.07.2001
Commercial Register: Local court 47051 Duisburg
under: HRB 16042
Share capital: EUR 25,000.00
Shareholder:
Petra
Pampus-Martin
Graf-Wirich-Str. 23
D
45479 Mülheim
born: 26.07.1956
née:
Pampus
Share: EUR 12,500.00
Shareholder:
Klaus
Erwin Eugen Martin
Graf-Wirich-Str. 23
D 45479
Mülheim
born:
21.04.1953
Share: EUR 12,500.00
Manager:
Petra
Pampus-Martin
Graf-Wirich-Str. 23
D
45479 Mülheim
having sole power of
representation
born:
26.07.1956
née:
Pampus
Profession: Businessman
Marital status: married
to: Klaus Erwin Eugen
Martin
born 21.04.1953
Manager:
Klaus
Erwin Eugen Martin
Graf-Wirich-Str. 23
D
45479 Mülheim
having
sole power of representation
born:
21.04.1953
Profession: Businessman
Marital status: married
to: Petra Pampus-Martin
born Pampus
born 26.07.1956
Further functions/participations of Petra Pampus-Martin (Manager)
Shareholder:
Outdoor Bags GmbH
Kassenberg 56
D
45479 Mülheim
Legal
form: Private limited company
dissolved
Share
capital: EUR 25,564.60
Share: EUR 12,782.30
Registered
on: 12.08.1994
Reg.
data: 47051 Duisburg, HRB 15205
Secondary industrial sector
46493 Wholesale of leather goods, luggage,
giftware and
advertising articles
Payment experience: within 30 days
Negative information:We
have no negative information at hand.
Balance sheet year: 2011
Type of ownership: Tenant
Address Kölner
Str. 341
D 45481 Mülheim
Land register documents
were not available.
SPARKASSE MÜLHEIM AN DER
RUHR, MÜLHEIM AN DER RUHR
Sort. code: 36250000, BIC:
SPMHDE3EXXX
Turnover: 2012 EUR 900,000.00
Profit: 2011 EUR 57,295.00
further business figures:
Ac/ts receivable: EUR 113,589.00
Liabilities: EUR 171,217.00
Employees: 5
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 [%]: 36.96
Liquidity ratio: 1.02
Return on total capital [%]: 17.78
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 48.08
Liquidity ratio: 4.78
Return on total capital [%]: 13.31
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 95.38
Liquidity ratio: 10.00
Return on total capital [%]: -2.63
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 81.34
Liquidity ratio: 10.00
Return on total capital [%]: 0.76
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 324,235.81
Fixed assets EUR 32,889.00
Intangible assets EUR 3,882.00
Other / unspecified intangible
assetsEUR 3,882.00
Tangible assets EUR 29,007.00
Other / unspecified tangible assets EUR 29,007.00
Current assets EUR 291,226.81
Stocks EUR 118,272.03
Accounts receivable EUR 113,588.53
Other debtors and assets EUR 113,588.53
Liquid means EUR 59,366.25
Remaining other assets EUR 120.00
Accruals (assets) EUR 120.00
LIABILITIES EUR 324,235.81
Shareholders' equity EUR 121,072.35
Capital EUR 25,000.00
Subscribed capital (share capital) EUR 25,000.00
Balance sheet profit/loss (+/-) EUR 96,072.35
Profit / loss brought forward EUR 38,777.68
Annual surplus / annual deficit EUR 57,294.67
Provisions EUR 31,946.57
Liabilities EUR 171,216.89
Other liabilities EUR 171,216.89
Unspecified other liabilities EUR 171,216.89
Type of
balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 308,845.89
Fixed assets EUR 4,293.00
Intangible assets EUR 1,083.00
Other / unspecified intangible
assetsEUR 1,083.00
Tangible assets EUR 3,210.00
Other / unspecified tangible assets EUR 3,210.00
Current assets EUR 304,402.89
Stocks
EUR 85,299.42
Accounts receivable EUR 101,787.62
Other debtors and assets EUR 101,787.62
Liquid means EUR 117,315.85
Remaining other assets EUR 150.00
Accruals (assets) EUR 150.00
LIABILITIES EUR 308,845.89
Shareholders' equity EUR 63,777.68
Capital EUR 25,000.00
Subscribed capital (share capital) EUR 25,000.00
Balance sheet profit/loss (+/-) EUR 38,777.68
Profit / loss brought forward EUR -2,246.67
Annual surplus / annual deficit EUR 41,024.35
Provisions EUR 21,475.00
Liabilities EUR 223,593.21
Other liabilities EUR 223,593.21
Unspecified other liabilities EUR 223,593.21
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.53.29 |
|
UK Pound |
1 |
Rs.83.96 |
|
Euro |
1 |
Rs.71.87 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
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.