|
Report Date : |
25.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
SANDNER GMBH |
|
|
|
|
Registered Office : |
Weidachstr. 6 D 85609 Aschheim |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
09.12.1997 |
|
|
|
|
Com. Reg. No.: |
HRB 119063 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Retail sale of miscellaneous goods, specializing in non-food goods |
|
|
|
|
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 : |
Moderate |
|
Payment Behaviour : |
No Complaints |
|
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
Sandner GmbH
Company Status: active
Weidachstr. 6
D 85609
Aschheim
Telephone:089/98104036
Telefax: 089/98104039
Homepage:
www.sandner-gmbh.de
E-mail: info@sandner-gmbh.de
DE812343318
LEGAL FORM Private limited company
Date of foundation: 09.12.1997
Shareholders'
agreement: 09.12.1997
Registered on: 08.01.1998
Commercial Register: Local
court 80333 München
under: HRB 119063
EUR 25,564.59
Emil Masar
Düsseldorfer
Str. 6
D 80804 München
born:
07.05.1942
Share: EUR 25,564.59
Manager:
Emil Masar
Düsseldorfer
Str. 6
D 80804
München
having sole power of
representation
born:
07.05.1942
08.01.1998 - 29.12.2004 SANDNER
IMPORT GmbH
Düsseldorfer Str. 6
D 80804
München
Private limited company
Secondary industrial sector
47192 Retail sale of miscellaneous
goods, specializing in non-food goods
Payment experience: without
complaints
Negative information:We have no negative information at hand.
Balance sheet year: 2010
Type of ownership: Tenant
Address Weidachstr. 6
D 85609
Aschheim
Land register documents were not available.
COMMERZBANK, MÜNCHEN
Sort. code: 70040041, BIC: COBADEFF700
Ac/ts
receivable:
EUR 45,274.00
Liabilities: EUR 148,416.00
Employees:
2
The aforementioned business figures may partly be estimated
information based on average values in the line of business.
Balance
sheet ratios 01.01.2010 - 31.12.2010
Equity
ratio [%]: 26.90
Liquidity
ratio: 0.30
Return
on total capital [%]: 6.35
Balance
sheet ratios 01.01.2009 - 31.12.2009
Equity
ratio [%]: 21.01
Liquidity
ratio: 0.29
Return
on total capital [%]: 8.63
Balance
sheet ratios 01.01.2008 - 31.12.2008
Equity
ratio [%]: 16.19
Liquidity
ratio: 0.23
Return
on total capital [%]: 3.57
Balance
sheet ratios 01.01.2007 - 31.12.2007
Equity
ratio [%]: -6.66
Liquidity
ratio: 0.23
Return
on total capital [%]: 16.18
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: 01.01.2010 - 31.12.2010
ASSETS EUR 236,525.55
Fixed assets EUR 48,820.00
Intangible assets EUR 1.00
Tangible assets EUR 48,819.00
Current assets EUR 178,320.13
Stocks EUR 117,874.00
Accounts receivable EUR 45,273.76
Liquid means EUR 15,172.37
Remaining other assets EUR 9,385.42
Accruals (assets) EUR 9,385.42
LIABILITIES EUR 236,525.55
Shareholders' equity EUR 67,574.46
Capital EUR 25,564.59
Subscribed capital (share capital) EUR 25,564.59
Balance sheet profit/loss (+/-) EUR 42,009.87
Profit
/ loss brought forward EUR 27,339.50
Annual surplus / annual deficit EUR 14,670.37
Provisions EUR 15,232.00
Liabilities EUR 148,416.09
Other liabilities EUR 5,303.00
Deferred taxes (not included under
provisions/liabilities) EUR 5,303.00
Type
of balance
sheet: Company balance sheet
Financial
year: 01.01.2009 - 31.12.2009
ASSETS EUR 232,760.87
Fixed assets EUR 12,373.00
Intangible assets EUR 5,116.00
Other / unspecified intangible
assetsEUR 5,116.00
Tangible assets EUR 7,257.00
Other / unspecified tangible assets EUR 7,257.00
Current assets EUR 211,153.79
Stocks EUR 158,391.00
Accounts receivable EUR 47,750.65
Other debtors and assets EUR 47,750.65
Liquid means EUR 5,012.14
Remaining other assets EUR 9,234.08
Accruals (assets) EUR 9,234.08
LIABILITIES EUR 232,760.87
Shareholders' equity EUR 52,904.09
Capital EUR 25,564.59
Subscribed capital (share capital) EUR 25,564.59
Balance sheet profit/loss (+/-) EUR 27,339.50
Profit / loss brought forward EUR 7,692.10
Annual surplus / annual deficit EUR 19,647.40
Provisions EUR 18,388.36
Liabilities EUR 161,468.42
Other liabilities EUR 161,468.42
Unspecified other liabilities EUR 161,468.42
There
may have been some changes since our last research took
place.
Therefore, a freshly researched report will follow
shortly.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.43 |
|
|
1 |
Rs.83.20 |
|
Euro |
1 |
Rs.71.91 |
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.