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Report Date : |
04.01.2013 |
IDENTIFICATION DETAILS
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Name : |
HAFEMA WATER-RIDES GMBH |
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Registered Office : |
Rhein-Mosel-Str. 37 D 56291 Laudert |
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Country : |
Germany |
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Financials (as on) : |
31.12.2010 |
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Year of Establishment : |
2004 |
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Com. Reg. No.: |
HRB 20419 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacture of doors and windows of metal |
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No. of Employees : |
3 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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
Hafema Water-Rides GmbH
Company Status: active
Rhein-Mosel-Str. 37
D 56291
Laudert
Telephone:06746/941190
Telefax: 06746/9411925
Homepage:
www.hafema.de
E-mail: info@hafema.de
DE814012450
LEGAL FORM Private limited company
Date of foundation: 2004
Shareholders'
agreement: 06.04.2004
Registered on: 07.09.2006
Commercial Register: Local
court 56068 Koblenz
under: HRB 20419
EUR 30,000.00
Harald
Wendling
Rhein-Mosel-Str. 33
D 56291
Laudert
born:
07.11.1958
Share: EUR 15,000.00
Shareholder:
Paul Sommer
D 76327
Pfinztal
born:
03.12.1950
Share: EUR 15,000.00
Manager:
Harald
Wendling
Rhein-Mosel-Str. 33
D 56291
Laudert
having sole
power of representation
born:
07.11.1958
Marital
status: married
Manager:
Paul Sommer
D 76327
Pfinztal
authorized to
jointly represent the company
born:
03.12.1950
FURTHER
FUNCTIONS/PARTICIPATIONS OF HARALD WENDLING (MANAGER)
Proprietor:
HW-Elektrotechnik e.K.
Rhein-Mosel-Str. 37
D 56291
Laudert
Legal form: Sole proprietorship
Registered
on: 01.08.2003
Reg.
data: 56068 Koblenz, HRA 4927
2004 - 28.02.2005 SSW
Water-Rides GmbH
Dichtelbacher Str. 2
D 55494
Rheinböllen
Private
limited company
Sectors
2512 Manufacture of doors and
windows of metal
30990 Manufacture of other
vehicles n.e.c.
93290 Other amusement and
recreation activities n. e. c.
Payment experience: within agreed
terms
Negative information:We have no negative information at hand.
Balance sheet year: 2010
Type of ownership: Tenant
Address Rhein-Mosel-Str. 37
D 56291
Laudert
Land register documents were not available.
SPARKASSE RHEIN-NAHE, BINGEN AM RHEIN
Sort. code: 56050180, BIC: MALADE51KRE
KREISSPARKASSE RHEIN-HUNSRÜCK, RHEINBÖLLEN
Sort. code: 56051790, BIC: MALADE51SIM
Turnover: 2011 EUR 1,293,000.00
Equipment: EUR 18,000.00
Ac/ts
receivable:
EUR 217,008.00
Liabilities: EUR 583,811.00
Total
numbers of vehicles: 1
Employees:
3
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 [%]: -16.84
Liquidity
ratio: 0.77
Return
on total capital [%]: -7.72
Balance
sheet ratios 01.01.2009 - 31.12.2009
Equity
ratio [%]: -6.62
Liquidity
ratio: 0.62
Return
on total capital [%]: -20.55
Balance
sheet ratios 01.01.2008 - 31.12.2008
Equity
ratio [%]: 7.90
Liquidity
ratio: 0.30
Return
on total capital [%]: 2.60
Balance
sheet ratios 01.01.2007 - 31.12.2007
Equity
ratio [%]: 12.48
Liquidity
ratio: 0.65
Return
on total capital [%]: 3.57
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 639,990.92
Fixed assets EUR 44,263.00
Intangible assets EUR 25,970.00
Other / unspecified intangible
assetsEUR 25,970.00
Tangible assets EUR 18,293.00
Other / unspecified tangible assets EUR 18,293.00
Current assets EUR 479,504.56
Accounts receivable EUR 217,008.43
Other debtors and assets EUR 217,008.43
Liquid means EUR 262,496.13
Remaining other assets EUR 116,223.36
Accruals (assets) EUR 3,344.00
Deficit not covered by shareholders'
equity EUR 112,879.36
LIABILITIES EUR 639,990.92
Shareholders' equity EUR 0.00
Capital EUR 30,000.00
Subscribed capital (share capital) EUR 30,000.00
Balance sheet profit/loss (+/-) EUR -142,879.36
Profit / loss brought forward EUR -142,879.36
Other shareholders' equity (+/-) EUR 112,879.36
Deficit not covered by shareholders'
equity EUR 112,879.36
Provisions EUR 56,179.74
Liabilities EUR
583,811.18
Other liabilities EUR 583,811.18
Unspecified other liabilities EUR 583,811.18
Type
of balance
sheet: Company balance sheet
Financial
year: 01.01.2009 - 31.12.2009
ASSETS EUR 913,641.57
Fixed assets EUR 60,730.00
Intangible assets EUR 37,232.00
Other / unspecified intangible
assetsEUR 37,232.00
Tangible assets EUR 23,498.00
Other / unspecified tangible assets EUR 23,498.00
Current assets EUR 771,932.41
Stocks EUR 39,533.97
Other / unspecified stocks EUR 39,533.97
Received advance payments for orders
(depreciated on the assets side) EUR
-7,220,096.40
Accounts receivable EUR 193,547.15
Other debtors and assets EUR 193,547.15
Liquid means EUR 538,851.29
Remaining other assets EUR 80,979.16
Accruals (assets) EUR 7,775.85
Deficit not covered by shareholders'
equity EUR 73,203.31
LIABILITIES EUR 913,641.57
Shareholders' equity EUR 0.00
Capital EUR 30,000.00
Subscribed capital (share capital) EUR 30,000.00
Balance sheet profit/loss (+/-) EUR -103,203.31
Profit / loss brought forward EUR -103,203.31
Other shareholders' equity (+/-) EUR 73,203.31
Deficit not covered by shareholders'
equity EUR 73,203.31
Provisions EUR 23,872.13
Liabilities EUR 889,769.44
Other liabilities EUR 889,769.44
Unspecified other liabilities EUR 889,769.44
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.42 |
|
|
1 |
Rs.88.29 |
|
Euro |
1 |
Rs.71.49 |
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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.