|
Report Date : |
13.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
MEHRA
ENTERPRISE GMBH |
|
|
|
|
Registered Office : |
Taunusstr.
45 D 80807 München |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
01.07.1989 |
|
|
|
|
Com. Reg. No.: |
HRB
98409 |
|
|
|
|
Legal Form : |
Private
Limited Company |
|
|
|
|
Line of Business : |
Wholesale of textiles |
|
|
|
|
No. of Employees : |
2 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Small Company |
|
Payment Behaviour : |
Slow but correct |
|
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 |
|
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
Mehra Enterprise GmbH
Company Status: active
Taunusstr. 45
D
80807 München
Telephone:089/3599036
Telefax: 089/3599037
Homepage: www.mehra-enterprise.com
E-mail: rakesh.mehra@mehra-enterprise.com
Business relations are
permissible.
LEGAL FORM Private
limited company
Date of foundation: 01.07.1989
Shareholders'
agreement: 27.02.1992
Registered on: 05.03.1992
Commercial Register: Local court 80797 München
under: HRB 98409
EUR 25,564.59
Rakesh
Mehra
D
80799 München
born: 21.05.1956
Share: EUR 24,286.36
Shareholder:
Anju
Mehra
Arcisstr. 43
D
80799 München
born:
05.10.1959
née: Khanna
Share: EUR 1,278.23
Manager:
Rakesh
Mehra
D
80799 München
born:
21.05.1956
Profession: Businessman
Marital status: married
FURTHER FUNCTIONS/PARTICIPATIONS OF RAKESH
MEHRA (MANAGER)
Liquidator:
India
King Gastronomie GmbH
Marienstr. 4
D
80331 München
Legal form: Private limited
company in
liquidation
Registered
on: 04.02.1998
Reg.
data: 80797 München, HRB 95740
Main industrial sector
4641 Wholesale of textiles
4751 Retail sale of
textiles
Secondary industrial sector
46493 Wholesale of leather goods, luggage,
giftware and advertising articles
47783 Retail sale of
objects of art, handcrafts, stamps, coins
and gift articles
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 Taunusstr. 45
D
80807 München
Land register documents
were not available.
UNICREDIT BANK - HYPOVEREINSBANK, MÜNCHEN
Sort. code: 70020270,
Account no.: 32020119, BIC: HYVEDEMMXXX
Turnover: 2011 EUR 700,000.00
2012 EUR 750,000.00
Profit: 2011 EUR -192,103.00
further business figures:
Equipment: EUR 16,000.00
Ac/ts receivable: EUR 37,741.00
Liabilities: EUR 637,776.00
Employees:
2
-
thereof permanent staff: 2
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 [%]: -227.83
Liquidity ratio: 0.05
Return on total capital [%]: -100.32
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: -113.89
Liquidity ratio: 0.15
Return
on total capital [%]: -76.27
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: -35.95
Liquidity ratio: 0.22
Return on total capital [%]: -53.08
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity
ratio [%]: 11.74
Liquidity ratio: 0.56
Return on total capital [%]: -12.11
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 641,776.19
Fixed assets EUR 15,640.07
Tangible assets
EUR 15,640.07
Other / unspecified tangible assets
EUR 15,640.07
Current assets
EUR 182,741.86
Stocks EUR 140,000.00
Accounts receivable
EUR 37,741.36
Other debtors and assets
EUR 37,741.36
Liquid means
EUR 5,000.50
Remaining other assets
EUR 443,394.26
Accruals (assets)
EUR 310.15
Deficit not covered by shareholders'
equity
EUR 443,084.11
LIABILITIES EUR 641,776.19
Shareholders' equity
EUR 0.00
Capital
EUR 25,564.59
Subscribed capital (share capital)
EUR 25,564.59
Balance sheet profit/loss (+/-)
EUR -468,648.70
Profit / loss brought forward
EUR -276,545.41
Annual surplus / annual deficit
EUR -192,103.29
Other shareholders' equity (+/-)
EUR 443,084.11
Deficit not covered by shareholders'
equity
EUR 443,084.11
Provisions
EUR 4,000.00
Liabilities
EUR 637,776.19
Other liabilities
EUR 637,776.19
Unspecified other liabilities
EUR 637,776.19
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 471,360.38
Fixed assets
EUR 21,914.50
Tangible assets
EUR 21,914.50
Other / unspecified tangible assets
EUR 21,914.50
Current assets
EUR 198,164.43
Stocks
EUR 125,000.00
Accounts receivable
EUR 70,309.86
Other debtors and assets
EUR 70,309.86
Liquid means
EUR 2,854.57
Remaining other assets
EUR 251,281.45
Accruals (assets)
EUR 300.63
Deficit not covered by shareholders'
equity EUR 250,980.82
LIABILITIES EUR 471,360.38
Shareholders' equity
EUR 0.00
Capital
EUR 25,564.59
Subscribed capital (share capital) EUR 25,564.59
Balance sheet profit/loss (+/-)
EUR -276,545.41
Profit / loss brought forward
EUR -108,455.79
Annual surplus / annual deficit
EUR -168,089.62
Other shareholders' equity (+/-)
EUR 250,980.82
Deficit not covered by shareholders'
equity
EUR 250,980.82
Provisions
EUR 3,800.00
Liabilities EUR 467,560.38
Other liabilities
EUR 467,560.38
Unspecified other liabilities
EUR 467,560.38
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.96 |
|
|
1 |
Rs.84.49 |
|
Euro |
1 |
Rs.72.23 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.