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Report Date : |
09.02.2013 |
IDENTIFICATION DETAILS
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Name : |
CMD GMBH |
|
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|
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Registered Office : |
Beerenhuk 2 D 46499 Hamminkeln |
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|
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Country : |
Germany |
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|
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
01.04.2000 |
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|
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Com. Reg. No.: |
HRB 11716 |
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Legal Form : |
Private limited company |
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Line of Business : |
Wholesale of textiles |
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No. of Employees : |
4 |
RATING & COMMENTS
|
MIRA’s Rating : |
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|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
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 |
CMD GMBH
Company Status: active
Beerenhuk
2
D 46499 Hamminkeln
Telephone:02852/711830
Telefax:
02852/5082920
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 01.04.2000
Shareholders'
agreement: 03.01.2003
Registered on: 17.02.2003
Commercial Register: Local court 47051 Duisburg
under: HRB
11716
Share capital: EUR 25,000.00
Shareholder:
Elisabeth Hildegard Kindt
Krechtinger Str. 37
D 46499 Hamminkeln
née: Schmänk
Share: EUR 25,000.00
Manager:
Elisabeth Hildegard Kindt
Krechtinger Str. 37
D 46499 Hamminkeln
having sole power of
representation
née: Schmänk
Profession: Businessman
01.04.2000 - 2001 Elisabeth Hildegard Kindt
D 46499 Hamminkeln
Unregistered commercial enterprise
17.02.2003 - 2006 CMD GmbH
Rheder Str. 9
D 46499 Hamminkeln
Private limited company
Sectors
4641
Wholesale of textiles
4751
Retail sale of textiles
Payment experience: without
complaints
Negative information: We have no negative information at hand.
Balance sheet year: 2011
Type of ownership: Tenant
Address Beerenhuk
2
D 46499 Hamminkeln
Land register documents were not available.
VOLKSBANK RHEIN-RUHR, DUISBURG
Sort. code: 35060386, BIC: GENODED1VRR
VOLKSBANK, HAMMINKELN
Sort. code: 42861416, BIC: GENODEM1HDI
Turnover: 2012 EUR 7,000,000.00
Profit: 2011 EUR 53,543.00
further business figures:
Ac/ts receivable: EUR
1,097,068.00
Liabilities: EUR 1,319,611.00
Employees:
4
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 [%]: 33.77
Liquidity ratio: 1.24
Return on total capital [%]: 2.52
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 24.10
Liquidity ratio: 1.41
Return on total capital [%]: 5.93
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 27.00
Liquidity ratio: 1.39
Return on total capital [%]: 3.04
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 26.06
Liquidity ratio: 1.18
Return on total capital [%]: 0.07
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 2,134,355.77
Fixed assets EUR 187,311.19
Intangible assets
EUR 19,039.00
Other / unspecified intangible assetsEUR 19,039.00
Tangible assets
EUR 168,272.19
Other / unspecified tangible assets
EUR 168,272.19
Current assets
EUR 1,909,948.91
Stocks
EUR 374,522.94
Accounts receivable
EUR 1,097,068.21
Other debtors and assets
EUR 1,097,068.21
Liquid means
EUR 438,357.76
Remaining other assets
EUR 37,095.67
Accruals (assets)
EUR 37,095.67
LIABILITIES EUR 2,134,355.77
Shareholders' equity
EUR 727,068.01
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR 702,068.01
Profit / loss brought forward
EUR 648,524.74
Annual surplus / annual deficit
EUR 53,543.27
Provisions EUR 87,676.62
Liabilities
EUR 1,319,611.14
Other liabilities
EUR 1,319,611.14
Unspecified other liabilities
EUR 1,319,611.14
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 3,181,290.69
Fixed assets
EUR 152,773.08
Intangible assets EUR 18,277.79
Other / unspecified intangible assetsEUR 18,277.79
Tangible assets
EUR 134,495.29
Other / unspecified tangible assets
EUR 134,495.29
Current assets
EUR 2,997,757.29
Stocks
EUR 65,417.56
Accounts receivable
EUR 2,188,266.80
Other debtors and assets
EUR 2,188,266.80
Liquid
means EUR 744,072.93
Remaining other assets
EUR 30,760.32
Accruals (assets)
EUR 30,760.32
LIABILITIES EUR 3,181,290.69
Shareholders' equity
EUR 773,524.74
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR 748,524.74
Profit / loss brought forward
EUR 560,536.73
Annual surplus / annual deficit
EUR 187,988.01
Provisions
EUR 110,376.92
Liabilities EUR 2,297,389.03
Other liabilities
EUR 2,297,389.03
Unspecified other liabilities
EUR 2,297,389.03
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.57 |
|
|
1 |
Rs.84.25 |
|
Euro |
1 |
Rs.71.78 |
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 |
|
---- |
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.