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Report Date : |
06.06.2013 |
IDENTIFICATION DETAILS
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Name : |
G. G. C. HANDELSGESELLSCHAFT MBH |
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Registered Office : |
Heineckes Feld 17, D 29227 Celle |
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Country : |
Germany |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
18.12.1987 |
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Com. Reg. No.: |
HRB 100347 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Agents involved in the sale of other goods |
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No. of Employees : |
27 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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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 – March 31st 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 6.5% in 2012. GDP contracted 5.1% in 2009 but grew
by 4.2% in 2010, and 3.0% in 2011, before dipping to 0.7% in 2012 - a
reflection of low investment spending due to crisis-induced uncertainty and the
decreased demand for German exports from recession-stricken periphery
countries. Stimulus and stabilization efforts initiated in 2008 and 2009 and
tax cuts introduced in Chancellor Angela MERKEL's second term increased
Germany's total budget deficit - including federal, state, and municipal - to
4.1% in 2010, but slower spending and higher tax revenues reduced the deficit
to 0.8% in 2011. In 2012 Germany reached a budget surplus of 0.1%. 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 though the target was already
reached in 2012. By 2014, the federal government wants to balance its budget.
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 electricity
generating capacity and 46% of its base-load electricity production.
|
Source : CIA |
G. G. C. Handelsgesellschaft mbH
Heineckes Feld 17
D 29227 Celle
Telephone: 05141/8890660
Telefax: 05141/88906623
Homepage: www.cmc-international.de
E-mail: info@cmc-international.de
CMC
International
DE115117240
active
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 1987
Shareholders'
agreement: 20.10.1987
Registered on: 18.12.1987
Commercial Register: Local
court 21335 Lüneburg
under: HRB 100347
Share capital:
EUR 51,129.19
Gerhard Goeze
Langes Feld 23
D 29229 Celle
born: 18.05.1942
Share: EUR 30,677.51
Shareholder:
Dirk Goeze
An der Lake 9a
D 29229 Celle
Share: EUR 20,451.68
Gerhard Goeze
Langes Feld 23
D 29229 Celle
having sole power of representation
born: 18.05.1942
Profession: Businessman
Marital status: married
Hannelore Goeze
Langes Feld 23
D 29229 Celle
having sole power of representation
born: 02.10.1944
née: Eckstein
Profession: Businessman
Marital status: married
Proxy:
Dirk Goeze
An der Lake 9a
D 29229 Celle
having sole power of representation
Profession: Businessman
Proxy:
Tobias Goeze
D 29352 Adelheidsdorf
having sole power of representation
born: 08.03.1977
20.10.1987 -
14.11.1999 G. G. C. Handelsgesellschaft
mbH Rizla
Vertrieb Deutschland
Speicherstr. 14 a-b
D 29221 Celle
Private limited
company
Main industrial
sector
46189 Agents involved in the
sale of other goods n.e.c.
Secondary
industrial sector
46493 Wholesale of leather
goods, luggage, giftware and advertising articles
4690 Non-specialized
wholesale trade
4719 Other retail sale in
non-specialized stores
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 Heineckes Feld 17
D
29227 Celle
Land register documents were not available.
Principal bank
COMMERZBANK, CELLE
Sort. code: 25740061, Account no.: 285423, BIC: COBADEFF257
Further banks
SPARKASSE CELLE, CELLE
Sort. code: 25750001, Account no.: 224345, BIC: NOLADE21CEL
HANNOVERSCHE VOLKSBANK, HANNOVER
Sort. code: 25190001, Account no.: 721400600, BIC: VOHADE2HXXX
Turnover: 2011 EUR 8,000,000.00
2012 EUR 6,000,000.00
Expected turnover: EUR 7,000,000.00
Profit: 2011 EUR -10,092.00
further business figures:
Ac/ts receivable: EUR 544,444.00
Liabilities: EUR 1,560,394.00
Employees:
27
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 [%]: 24.65
Liquidity ratio: 0.37
Return on total capital [%]: -0.52
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 20.69
Liquidity
ratio: 0.48
Return on total capital [%]: 0.05
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 22.57
Liquidity ratio: 0.44
Return on total capital [%]: 0.11
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 22.61
Liquidity ratio: 0.50
Return on total capital [%]: 1.09
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 1,957,816.40
Fixed assets EUR 294,329.25
Intangible assets
EUR 2,448.00
Other / unspecified intangible assetsEUR 2,448.00
Tangible assets
EUR 288,309.73
Other / unspecified tangible assets
EUR 288,309.73
Financial assets
EUR 3,571.52
Other / unspecified financial assets EUR 3,571.52
Current assets
EUR 1,662,790.90
Stocks
EUR 1,114,307.80
Accounts receivable
EUR 544,443.57
Other debtors and assets
EUR 544,443.57
Liquid means
EUR 4,039.53
Remaining other assets
EUR 696.25
Accruals (assets)
EUR 696.25
LIABILITIES EUR 1,957,816.40
Shareholders' equity
EUR 389,922.43
Capital
EUR 51,129.19
Subscribed capital (share capital)
EUR 51,129.19
Reserves
EUR 304,033.49
Capital reserves EUR 304,033.49
Balance sheet profit/loss (+/-)
EUR 34,759.75
Profit / loss brought forward
EUR 44,851.58
Annual surplus / annual deficit
EUR -10,091.83
Provisions EUR 7,500.00
Liabilities
EUR 1,560,393.97
Other liabilities
EUR 1,560,393.97
Unspecified other liabilities
EUR 1,560,393.97
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 2,366,223.92
Fixed assets
EUR 297,401.08
Intangible assets
EUR 4,634.00
Other / unspecified intangible assetsEUR 4,634.00
Tangible assets
EUR 290,102.02
Other / unspecified tangible assets
EUR 290,102.02
Financial
assets EUR 2,665.06
Other / unspecified financial assets EUR 2,665.06
Current assets
EUR 2,067,714.23
Stocks
EUR 1,212,201.33
Accounts receivable
EUR 851,244.86
Other debtors and assets
EUR 851,244.86
Liquid means
EUR 4,268.04
Remaining other assets
EUR 1,108.61
Accruals (assets)
EUR 1,108.61
LIABILITIES EUR 2,366,223.92
Shareholders' equity
EUR 400,014.26
Capital EUR 51,129.19
Subscribed capital (share capital)
EUR 51,129.19
Reserves
EUR 304,033.49
Capital reserves
EUR 304,033.49
Balance sheet profit/loss (+/-)
EUR 44,851.58
Profit / loss brought forward
EUR 43,736.30
Annual surplus / annual deficit
EUR 1,115.28
Provisions
EUR 99,600.00
Liabilities
EUR 1,866,609.66
Other liabilities
EUR 1,866,609.66
Unspecified other liabilities
EUR 1,866,609.66
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.42 |
|
UK Pound |
1 |
Rs.86.54 |
|
Euro |
1 |
Rs.73.86 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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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 |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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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.