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Report Date : |
04.01.2013 |
IDENTIFICATION DETAILS
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Name : |
TLG-NEFF GMBH |
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Registered Office : |
Friedrich-Ebert-Str. 15 D 55276 Oppenheim |
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Country : |
Germany |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
02.04.1998 |
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Com. Reg. No.: |
HRB 6475 |
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Legal Form : |
Private limited company |
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Line of Business : |
Wholesale of other machinery |
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No. of Employees : |
5 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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 |
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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.
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Source : CIA |
TLG-NEFF GMBH
Company Status: active
Friedrich-Ebert-Str. 15
D 55276 Oppenheim
Telephone:06133/2331
Telefax: 06133/926346
Homepage: www.tlg-neff.de
E-mail: info@tlg-neff.de
VAT no.: DE192744774
LEGAL FORM Private limited company
Date of foundation: 12.02.1998
Shareholders'
agreement: 12.02.1998
Registered on: 02.04.1998
Commercial Register: Local court 55116 Mainz
under: HRB 6475
Share capital: EUR 30,000.00
Shareholder:
Dieter Georg Neff
Friedrich-Ebert-Str. 15-17
D 55276 Oppenheim
born: 20.05.1939
Share: EUR 20,000.00
Shareholder:
Achim Neff
Georg-Fahrbach-Str. 20
D 55129 Mainz
born: 21.11.1965
Share: EUR 10,000.00
Manager:
Achim Neff
Georg-Fahrbach-Str. 20
D 55129 Mainz
having sole power of representation
born: 21.11.1965
Further functions/participations of Achim Neff (Manager)
Shareholder:
DNK + W Werbeagentur GmbH
Emmerich-Josef-Str. 5
D 55116 Mainz
Legal form: Private limited company
dissolved
Share capital: EUR 25,000.00
Share: EUR 6,250.00
Registered
on: 19.01.2000
Reg. data: 55116 Mainz, HRB 7066
Manager:
DNK + W Werbeagentur GmbH
Emmerich-Josef-Str. 5
D 55116 Mainz
Legal form: Private limited company
dissolved
Share capital: EUR 25,000.00
Registered
on: 19.01.2000
Reg. data: 55116 Mainz, HRB 7066
Member of the Board of Directors:
DENEWA Healthcare AG
Georg-Fahrbach-Str. 20
D 55129 Mainz
Legal form: Public limited company
Share capital: EUR 100,000.00
Registered
on: 02.12.2004
Reg. data: 55116 Mainz, HRB 8711
12.02.1998 - 20.10.1999 TLG Getränkemaschinen GmbH
Friedrich-Ebert-Str. 15
D 55276 Oppenheim
Private limited company
21.10.2002 - 14.11.2002 TLG-NEFF GmbH
Friedrich Ebert str. 15
D 55276 Oppenheim
Private limited company
20.02.2009 - 19.10.2010 Manager
Andreas Wolfgang Dietz
D 55299 Nackenheim
Main industrial sector
46692 Wholesale of other machinery
Secondary industrial sector
74900 Other professional, scientific and technical activities n. e. c.
Works:
TLG-NEFF GmbH
Wormser Str. 14
D 67583 Guntersblum
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 Friedrich-Ebert-Str. 15
D 55276 Oppenheim
Land register documents were not available.
SPARKASSE MAINZ, MAINZ A RHEIN
Sort. code: 55050120, BIC: MALADE51MNZ
Turnover: 2011 EUR
2,000,000.00
Profit: 2011 EUR 170,329.00
Ac/ts
receivable:
EUR 14,045.00
Liabilities: EUR 909,919.00
Employees: 5
- thereof permanent
staff:
4
- Part-time
employees: 1
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 [%]: 24.50
Liquidity ratio: 0.01
Return on total capital [%]: 12.86
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 20.48
Liquidity ratio: 0.16
Return on total capital [%]: 14.84
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 18.66
Liquidity ratio: 0.29
Return on total capital [%]: 12.71
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 10.60
Liquidity ratio: 0.18
Return on total capital [%]: 13.75
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 1,329,887.56
Fixed assets EUR 859,648.23
Tangible assets EUR 859,648.23
Other / unspecified tangible assets EUR
859,648.23
Current assets EUR 456,523.34
Stocks EUR 437,600.00
Accounts receivable EUR 14,045.46
Other debtors and assets EUR 14,045.46
Liquid means EUR 4,877.88
Remaining other assets EUR 13,715.99
Accruals (assets) EUR 13,715.99
LIABILITIES EUR 1,329,887.56
Shareholders' equity EUR 329,856.94
Capital EUR 30,000.00
Subscribed capital (share capital) EUR 30,000.00
Balance sheet profit/loss (+/-) EUR 299,856.94
Profit / loss brought forward EUR 129,528.39
Annual surplus / annual deficit EUR 170,328.55
Provisions EUR 90,112.08
Liabilities EUR 909,918.54
Other liabilities EUR 909,918.54
Unspecified other liabilities EUR 909,918.54
Type
of balance
sheet: Company balance sheet
Financial
year: 01.01.2010 - 31.12.2010
ASSETS EUR 1,099,897.32
Fixed assets EUR 589,614.83
Tangible assets EUR 589,614.83
Other / unspecified tangible assets EUR
589,614.83
Current assets EUR 495,852.52
Stocks EUR 360,400.00
Accounts receivable EUR 130,602.56
Other debtors and assets EUR 130,602.56
Liquid means EUR 4,849.96
Remaining other assets EUR 14,429.97
Accruals (assets) EUR 14,429.97
LIABILITIES EUR 1,099,897.32
Shareholders' equity EUR 219,528.39
Capital EUR 30,000.00
Subscribed capital (share capital) EUR 30,000.00
Balance sheet profit/loss (+/-) EUR 189,528.39
Profit / loss brought forward EUR 26,337.36
Annual surplus / annual deficit EUR 163,191.03
Provisions EUR 61,172.71
Liabilities EUR 819,196.22
Other liabilities EUR 819,196.22
Unspecified other liabilities EUR 819,196.22
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.42 |
|
UK Pound |
1 |
Rs.88.29 |
|
Euro |
1 |
Rs.71.49 |
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 |
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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.