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Report Date : |
08.02.2013 |
IDENTIFICATION DETAILS
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Name : |
Paul Kaders Gmbh |
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Registered Office : |
Eschelsweg 27, D 22767 Hamburg, Post Box: 50 08 26, D 22708
Hamburg |
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Country : |
Germany |
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|
|
|
Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
27.10.1977 |
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Com. Reg. No.: |
HRB
20496 |
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Legal Form : |
Private
limited company |
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Line of Business : |
Wholesale of perfume and cosmetics, pharmaceutical goods. |
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No. of Employees : |
20 |
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 |
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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 |
|
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 6.0% 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 |
Paul Kaders GmbH
Company Status: active
Eschelsweg 27
D
22767 Hamburg
Post
Box:
50 08
26, D 22708 Hamburg
Telephone:040/3803080
Telefax: 040/38030827
Homepage: www.paulkaders.de
E-mail: paul@kaders.de
DE118587676
02/840/00196
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1910
Shareholders'
agreement: 10.08.1977
Registered on: 27.10.1977
Commercial Register: Local court 20355 Hamburg
under: HRB 20496
Share capital: EUR 260,000.00
Jens-Achim Erdmann Protzen
Lehmberg-West
1
D
21441 Garstedt
born:
04.03.1969
Share: EUR 189,000.00
Shareholder:
Klaus-Dieter Erdmann Protzen
Hikeberg 15
D
22043 Hamburg
born:
25.08.1933
Share: EUR 71,000.00
Manager:
Jens-Achim Erdmann Protzen
Lehmberg-West 1
D 21441 Garstedt
having
sole power of representation
born:
04.03.1969
Profession: Student
Proxy:
Johannes Detlef Schweigert
D
22767 Hamburg
having
sole power of representation
born:
18.01.1964
21.11.2001 -
04.05.2010 Manager
Klaus-Dieter Erdmann Protzen
D 22043 Hamburg
Secondary industrial sector
46450 Wholesale of perfume
and cosmetics
46461 Wholesale of
pharmaceutical goods
46902 Non-specialized
wholesale of raw materials and
half-finished and finished goods
Works:
Paul
Kaders GmbH
Marckmannstr. 2
D
20539 Hamburg
Shareholder:
Plantica Pflanzenprodukte GmbH
Eschelsweg
24
D
22767 Hamburg
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 25,564.59
Share: EUR 25,564.59
Reg.
data: 27.11.1972
Local court 20355
Hamburg
HRB 15167
Payment experience: within periods customary in this trade
Negative information:We
have no negative information at hand.
Balance sheet year: 2011
Type of ownership: Tenant
Address Eschelsweg
27
D 22767 Hamburg
Land register documents were
not available.
COMMERZBANK, HAMBURG
Sort. code: 20040000, BIC:
COBADEHHXXX
Turnover: 2011 EUR 6,000,000.00
2012 EUR 5,266,500.00
Profit: 2011 EUR 106,438.00
further business figures:
Equipment: EUR 133,000.00
Ac/ts receivable: EUR 880,044.00
Liabilities: EUR 1,957,485.00
Employees:
20
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 [%]: 63.44
Liquidity ratio: 0.57
Return on total capital [%]: 2.23
Balance sheet grade: 2.0
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity
ratio [%]: 69.91
Liquidity ratio: 0.57
Return on total capital [%]: 3.00
Balance sheet grade: 2.0
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 54.73
Liquidity
ratio: 0.98
Return on total capital [%]: 1.79
Balance sheet grade: 2.4
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 53.62
Liquidity ratio: 1.04
Return on total capital [%]: 3.44
Balance sheet grade: 2.0
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 4,784,309.46
Fixed assets
EUR 107,606.84
Intangible assets EUR 15,981.13
Other / unspecified intangible assetsEUR 15,981.13
Tangible assets
EUR 91,625.71
Other / unspecified tangible assets
EUR 91,625.71
Current assets
EUR 4,673,340.22
Stocks
EUR 3,739,500.00
Accounts receivable
EUR 880,043.81
Other debtors and assets
EUR 880,043.81
Liquid means
EUR 53,796.41
Remaining other assets
EUR 3,362.40
Accruals (assets)
EUR 3,362.40
LIABILITIES EUR 4,784,309.46
Shareholders' equity
EUR 2,684,998.65
Capital
EUR 260,000.00
Subscribed capital (share capital)
EUR 260,000.00
Reserves
EUR 1,500,000.00
Capital reserves
EUR 1,500,000.00
Balance sheet profit/loss (+/-)
EUR 924,998.65
Profit / loss brought forward
EUR 818,560.66
Annual surplus / annual deficit
EUR 106,437.99
Provisions
EUR 139,910.69
Liabilities
EUR 1,957,485.16
Other liabilities
EUR 1,957,485.16
Unspecified other liabilities
EUR 1,957,485.16
Other liabilities
EUR 1,914.96
Deferrals (liabilities)
EUR 1,914.96
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 4,184,812.63
Fixed assets
EUR 106,067.35
Intangible assets
EUR 13,965.13
Other / unspecified intangible assetsEUR 13,965.13
Tangible assets
EUR 92,102.22
Other / unspecified tangible assets
EUR 92,102.22
Current assets
EUR 4,074,272.24
Stocks EUR 3,419,300.00
Accounts receivable
EUR 602,105.75
Other debtors and assets
EUR 602,105.75
Liquid means
EUR 52,866.49
Remaining other assets
EUR 4,473.04
Accruals (assets)
EUR 4,473.04
LIABILITIES EUR 4,184,812.63
Shareholders' equity
EUR 2,328,560.66
Capital
EUR 260,000.00
Subscribed capital (share capital)
EUR 260,000.00
Reserves
EUR 1,250,000.00
Capital reserves EUR 1,250,000.00
Balance sheet profit/loss (+/-)
EUR 818,560.66
Profit / loss brought forward
EUR 693,187.71
Annual surplus / annual deficit
EUR 125,372.95
Provisions EUR 152,725.29
Liabilities
EUR 1,701,623.14
Other liabilities
EUR 1,701,623.14
Unspecified other liabilities
EUR 1,701,623.14
Other liabilities
EUR 1,903.54
Deferrals (liabilities)
EUR 1,903.54
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.