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Report Date : |
12.06.2013 |
IDENTIFICATION DETAILS
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Name : |
ARBEITSSCHUTZ RAVE GMBH |
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Registered Office : |
Benrader Str. 50 D 47918 Tönisvorst |
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Country : |
Germany |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
December, 1982 |
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Com. Reg. No.: |
HRB 9829 |
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Legal Form : |
Private limited company |
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Line of Business : |
Wholesale of textiles |
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No. of Employees : |
8 |
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 : |
Good |
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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 |
ARBEITSSCHUTZ RAVE GMBH
Company Status: active
Benrader Str. 50
D 47918 Tönisvorst
Telephone:02151/788880
Telefax:
02151/7888810
Homepage: www.arbeitsschutz-rave.de
E-mail: info@rave-shop.de
VAT no.: DE223381619
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 12.1982
Shareholders'
agreement: 06.05.2002
Registered on: 13.06.2002
Commercial Register: Local court 47798 Krefeld
under: HRB
9829
Share capital: EUR 25,000.00
Shareholder:
Jan Eggert Müller
Hoteser Weg 26
D 47918
Tönisvorst
born: 03.05.1971
Share: EUR 17,500.00
Shareholder:
Regina Müller
Raedtstr. 6 a
D 47918 Tönisvorst
born: 28.08.1946
née: Rave
Share: EUR 7,500.00
Manager:
Regina Müller
Raedtstr. 6 a
D 47918 Tönisvorst
having sole power of
representation
born: 28.08.1946
née: Rave
Profession: Businessman
Marital status: married
Manager:
Jan Eggert Müller
Hoteser Weg 26
D 47918 Tönisvorst
having sole power of
representation
born: 03.05.1971
Profession: Businessman
Further functions/participations of Jan Eggert
Müller (Manager)
Proprietor:
Jan Eggert Mueller
Benrader Str. 50
D 47918 Tönisvorst
Legal form: Unregistered
commercial enterprise
12.1982 - 13.06.2002 Arbeitsschutz Rave Inh. Regina Müller
Düsseldorfer Str. 3
D 47918 Tönisvorst
Sole proprietorship
Main
industrial sector
4641
Wholesale of textiles
4690
Non-specialized wholesale trade
Payment experience: within agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2011
Type of ownership: Tenant
Address Benrader
Str. 50
D 47918 Tönisvorst
Real Estate of: Regina
Müller
Type of ownership: part
owner
Share: 50.00 %
Address
Raedtstr. 6 a
D 47918 Tönisvorst
Real Estate of: Jan
Eggert Müller
Type of ownership: unknown
Address Hoteser
Weg 26
D 47918 Tönisvorst
Land
register documents were not available.
SPARKASSE KREFELD, KREFELD
Sort. code: 32050000, BIC: SPKRDE33XXX
Turnover: 2011 EUR 1,680,000.00
2012
EUR 1,740,000.00
further business figures:
Ac/ts receivable: EUR 214,511.00
Liabilities: EUR 116,430.00
Employees:
8
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 [%]: 58.51
Liquidity
ratio: 1.93
Return on total capital [%]: 19.67
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 40.38
Liquidity ratio: 1.22
Return on total capital [%]: 15.52
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 34.17
Liquidity ratio: 0.96
Return on total capital [%]: 7.84
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 29.24
Liquidity ratio: 0.78
Return on total capital [%]: 7.65
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 363,671.65
Fixed assets
EUR 32,127.76
Intangible assets
EUR 25,493.76
Other / unspecified intangible assetsEUR 25,493.76
Tangible assets
EUR 6,634.00
Other / unspecified tangible assets EUR 6,634.00
Current assets
EUR 330,397.11
Stocks
EUR 110,769.59
Accounts receivable
EUR 214,511.41
Other debtors and assets
EUR 214,511.41
Liquid means
EUR 5,116.11
Remaining other assets
EUR 1,146.78
Accruals (assets)
EUR 1,146.78
LIABILITIES
EUR 363,671.65
Shareholders' equity
EUR 218,074.69
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance
sheet profit/loss (+/-) EUR 193,074.69
Balance sheet profit / loss
EUR 193,074.69
Provisions
EUR 29,166.71
Liabilities
EUR 116,430.25
Other liabilities
EUR 116,430.25
Unspecified other liabilities
EUR 116,430.25
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 350,231.69
Fixed assets
EUR 35,512.76
Intangible assets
EUR 25,585.76
Other / unspecified intangible assetsEUR 25,585.76
Tangible assets
EUR 9,927.00
Other / unspecified tangible assets
EUR 9,927.00
Current assets
EUR 314,718.93
Stocks
EUR 106,303.42
Accounts receivable
EUR 144,792.92
Other debtors and assets
EUR 144,792.92
Liquid means
EUR 63,622.59
LIABILITIES EUR 350,231.69
Shareholders' equity
EUR 149,052.60
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR 124,052.60
Profit / loss brought forward
EUR 71,675.17
Annual surplus / annual deficit
EUR 52,377.43
Provisions
EUR 18,704.47
Liabilities EUR 182,474.62
Other liabilities
EUR 182,474.62
Unspecified other liabilities
EUR 182,474.62
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.92 |
|
|
1 |
Rs.91.80 |
|
Euro |
1 |
Rs.78.18 |
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 |
|
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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.