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Report Date : |
08.02.2013 |
IDENTIFICATION DETAILS
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Name : |
Harold’s Lederwaren Gmbh |
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Registered Office : |
Lammerspieler Str. 40-42, D 63179 Obertshausen |
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Country : |
Germany |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
08.02.2001 |
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Com. Reg. No.: |
HRB 11818 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesale of Leather Goods, Luggage, Giftware and Advertising
Articles. |
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No. of Employees : |
8 |
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 |
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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.
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Source : CIA |
Harold's Lederwaren GmbH
Company Status: active
Lämmerspieler Str. 40-42
D
63179 Obertshausen
Telephone:06104/79061
Telefax: 06104/75049
Homepage: www.dothebag.de
E-mail:
info@harolds-lederwaren.de
DE213707826
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 1965
Shareholders'
agreement: 27.12.2000
Registered on: 08.02.2001
Commercial Register: Local court 63065 Offenbach
under: HRB
11818
Share capital: EUR 75,000.00
Thilo
Schmelz
Eckenheimer Landstr. 19
D
60318 Frankfurt
born:
17.08.1967
Share: EUR 66,000.00
Shareholder:
Günter
Schmelz
Pater-Delp-Str. 3
D
63179 Obertshausen
born:
16.03.1936
Share: EUR 9,000.00
Manager:
Günter
Schmelz
Pater-Delp-Str. 3
D
63179 Obertshausen
having
sole power of representation
born:
16.03.1936
Profession: Businessman
Marital status: married
Manager:
Thilo
Schmelz
Eckenheimer Landstr. 19
D
60318 Frankfurt
having
sole power of representation
born:
17.08.1967
Proxy:
Helga
Schmelz
Pater-Delp-Str. 3
D
63179 Obertshausen
having
sole power of representation
born:
13.08.1939
Marital status: married
Further functions/participations of Günter
Schmelz (Manager)
General partner:
Schmelz OHG
Lämmerspieler Str. 40-42
D 63179
Obertshausen
Legal
form: General Partnership
Registered
on: 28.04.1965
Reg.
data: 63065 Offenbach, HRA 6726
Shareholder:
Tennis
Center Birkenwald GmbH
Lämmerspieler Str. 42
D
63179 Obertshausen
Legal
form: Private limited company in
liquidation
Share
capital: EUR 25,564.59
Share: EUR 12,782.30
Registered
on: 26.08.1980
Reg.
data: 63065 Offenbach, HRB 4850
Further functions/participations of Thilo
Schmelz (Manager)
General partner:
Schmelz OHG
Lämmerspieler Str. 40-42
D
63179 Obertshausen
Legal
form: General Partnership
Registered
on: 28.04.1965
Reg.
data: 63065 Offenbach, HRA 6726
Main industrial sector
46493 Wholesale of leather
goods, luggage, giftware and advertising articles
68202 Renting of own or
leased commercial property and non-residential buildings
Payment experience: within
agreed terms
Negative information:We have no negative information at hand.
Balance sheet year: 2011
Type of ownership: Tenant
Address Lämmerspieler Str. 40-42
D 63179 Obertshausen
Land register documents were not available.
SPARKASSE LANGEN-SELIGENSTADT, OBERTSHAUSEN
Sort. code: 50652124, BIC: HELADEF1SLS
Turnover: 2012 EUR 2,500,000.00
Profit: 2011 EUR 162,945.00
further business figures:
Equipment: EUR 50,000.00
Ac/ts receivable: EUR 1,041,594.00
Liabilities: EUR 64,919.00
Employees:
8
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 [%]: 96.43
Liquidity ratio: 10.00
Return on total capital [%]: 7.86
Balance sheet grade: 1.4
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 95.84
Liquidity ratio: 10.00
Return on total capital [%]: 9.96
Balance sheet grade: 1.4
Balance
sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 93.79
Liquidity ratio: 10.00
Return on total capital [%]: 8.05
Balance sheet grade: 1.4
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 95.92
Liquidity ratio: 10.00
Return on total capital [%]: 9.84
Balance sheet grade: 1.4
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 2,074,350.13
Fixed assets
EUR 105,946.29
Intangible assets
EUR 2,863.00
Other / unspecified intangible assetsEUR 2,863.00
Tangible assets
EUR 102,253.50
Other / unspecified tangible assets
EUR 102,253.50
Financial assets
EUR 829.79
Other / unspecified financial assets EUR 829.79
Current assets EUR 1,968,403.84
Stocks
EUR 209,448.00
Accounts receivable
EUR 1,041,594.31
Other debtors and assets
EUR 1,041,594.31
Liquid means EUR 717,361.53
LIABILITIES EUR 2,074,350.13
Shareholders' equity
EUR 2,000,420.14
Capital
EUR 75,000.00
Subscribed capital (share capital)
EUR 75,000.00
Balance sheet profit/loss (+/-)
EUR 1,925,420.14
Profit / loss brought forward
EUR 1,762,475.29
Annual surplus / annual deficit
EUR 162,944.85
Provisions
EUR 9,010.92
Liabilities
EUR 64,919.07
Other liabilities
EUR 64,919.07
Unspecified other liabilities
EUR 64,919.07
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 1,940,052.20
Fixed assets
EUR 29,956.29
Intangible assets
EUR 5,726.00
Other / unspecified intangible assetsEUR 5,726.00
Tangible assets
EUR 23,400.50
Other / unspecified tangible assets
EUR 23,400.50
Financial assets
EUR 829.79
Other / unspecified financial assets EUR 829.79
Current assets
EUR 1,910,095.91
Stocks EUR 123,976.00
Accounts receivable
EUR 1,033,788.53
Other debtors and assets
EUR 1,033,788.53
Liquid means
EUR 752,331.38
LIABILITIES EUR 1,940,052.20
Shareholders' equity
EUR 1,859,428.43
Capital
EUR 75,000.00
Subscribed capital (share capital)
EUR 75,000.00
Balance
sheet profit/loss (+/-) EUR 1,784,428.43
Profit / loss brought forward
EUR 1,591,485.35
Annual surplus / annual deficit
EUR 192,943.08
Provisions
EUR 27,119.92
Liabilities
EUR 53,503.85
Other liabilities
EUR 53,503.85
Unspecified other liabilities E
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.14 |
|
|
1 |
Rs.83.27 |
|
Euro |
1 |
Rs.71.94 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIT |
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.