|
Report Date : |
18.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
VOLKER GONSCHOREK & CO. GMBH
HANDEL UND BERATUNG |
|
|
|
|
Registered Office : |
Chausseestr. 11 D 15712 Königs
Wusterhausen |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
10.02.1995 |
|
|
|
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Com. Reg. No.: |
HRB 9616 CB |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
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Line of Business : |
Wholesale of clothing |
|
|
|
|
No. of Employees : |
45 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
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 – 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 |
|
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 6.5% 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 |
VOLKER GONSCHOREK & CO. GMBH HANDEL
AND BERATUNG
Company Status: active
Chausseestr. 11
D 15712 Königs Wusterhausen
Telephone:03375/90430
Telefax:
03375/904399
Homepage: www.qualitex-berufsbekleidung.de
E-mail:
gonschorek_co.gmbh@t-online.de
VAT no.: DE170914518
Tax ID number: 049/121/01067
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 10.02.1995
Shareholders'
agreement: 10.02.1995
Registered on: 03.02.1997
Commercial Register: Local court 03044 Cottbus
under: HRB
9616 CB
Share capital: EUR 25,564.59
Shareholder:
Volker Gonschorek
Chausseestr. 11
D 15712 Königs
Wusterhausen
born: 10.12.1963
Share: EUR 25,564.59
Manager:
Volker Gonschorek
Chausseestr. 11
D 15712 Königs
Wusterhausen
having sole power of
representation
born: 10.12.1963
Profession: Businessman
Further
functions/participations of Volker Gonschorek (Manager)
Proprietor:
Volker Gonschorek
Chausseestr. 11
D 15712 Königs Wusterhausen
Legal form: Unregistered
commercial
enterprise
Limited
partner:
SNL Vermögensverwaltung
UG
(haftungsbeschränkt)
& Co. KG
Nissanstr. 3
D 15926 Luckau
Legal form: Ltd.partners.
w.entrepreneur
comp.(ltd.liability)gen.partner
Total cap. EUR 100,000.00
contribution:
Share: EUR 49,000.00
Registered
on: 01.12.2010
Reg. data: 03044 Cottbus, HRA 2125 CB
Shareholder:
VG
Vermögensverwaltungsgesellschaft mbH
Fürstenwalder Weg 11h
D 15711 Königs
Wusterhausen
Legal form: Private
limited company
Share capital: EUR 30,000.00
Share: EUR 30,000.00
Registered
on: 12.11.2010
Reg. data: 03044 Cottbus, HRB 10997 CB
Shareholder:
SNL UG
(haftungsbeschränkt)
Nissanstr. 3
D 15926 Luckau
Legal form: Entrepreneur
Company (limited
liability)
Share capital: EUR 10,000.00
Share: EUR 4,900.00
Registered
on: 09.11.2010
Reg. data: 03044 Cottbus, HRB 8790 CB
Shareholder:
Sentimpex UG
(haftungsbeschränkt)
Chausseestr. 11 OT Senzig
D 15711 Königs
Wusterhausen
Legal form: Entrepreneur
Company (limited
liability)
Share capital: EUR 500.00
Share: EUR 500.00
Registered
on: 20.10.2009
Reg. data: 03044 Cottbus, HRB 10996 CB
Manager:
Sentimpex UG
(haftungsbeschränkt)
Chausseestr. 11 OT Senzig
D 15711 Königs
Wusterhausen
Legal form: Entrepreneur
Company (limited
liability)
Share capital: EUR 500.00
Registered
on: 20.10.2009
Reg. data: 03044 Cottbus, HRB 10996 CB
Manager:
VG
Vermögensverwaltungsgesellschaft mbH
Fürstenwalder Weg 11h
D 15711 Königs
Wusterhausen
Legal form: Private
limited company
Share capital: EUR 30,000.00
Registered
on: 12.11.2010
Reg. data: 03044 Cottbus, HRB 10997 CB
Manager:
SNL UG
(haftungsbeschränkt)
Nissanstr. 3
D 15926 Luckau
Legal form: Entrepreneur
Company (limited
liability)
Share capital: EUR 10,000.00
Registered
on: 09.11.2010
Reg. data: 03044 Cottbus, HRB 8790 CB
Manager:
DPS Design, Produkt,
Service UG
(haftungsbeschränkt)
Fürstenwalder Weg 11h
D 15711 Königs
Wusterhausen
Legal form: Entrepreneur
Company (limited
liability)
Share capital: EUR 1,000.00
Registered
on: 25.11.2010
Reg. data: 03044 Cottbus, HRB 10584 CB
Manager:
Logistics-one GmbH
Nissanstr. 3
D 15926 Luckau
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 06.12.2010
Reg. data: 03044 Cottbus, HRB 8810 CB
Manager:
GDHI Dienstleistungen GmbH
Chausseestr. 11
D 15712 Königs
Wusterhausen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 03.04.2012
Reg. data: 03044 Cottbus, HRB 10767 CB
28.03.1995 - 02.02.1997 Contipex
GmbH Handel und Beratung
Uslarer Str. 6
D 12621 Berlin
Private limited company
Main
industrial sector
46421
Wholesale of clothing
Secondary
industrial sector
4673
Wholesale of wood, construction materials and sanitary equipment
46741
Wholesale of tools and hardware
Payment experience: within
agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2011
Type of ownership: Tenant
Address Chausseestr.
11
D 15712 Königs Wusterhausen
Real Estate of: Volker
Gonschorek
Type of ownership: proprietor
Share: 100.00 %
Address Chausseestr.
57
D 15712 Königs Wusterhausen
Value at selling price: EUR 102,000.00
Land register documents were not available.
BERLINER VOLKSBANK, BERLIN
Sort. code: 10090000, BIC: BEVODEBBXXX
COMMERZBANK VORMALS DRESDNER BANK FILIALE
BERLIN I, BERLIN
Sort. code: 10080000, BIC: DRESDEFF100
Turnover:
2011 EUR 10,000,000.00
2012 EUR 10,000,000.00
Profit: 2011 EUR 1,119,348.00
further business figures:
Equipment: EUR 72,500.00
Ac/ts receivable: EUR 760,603.00
Liabilities: EUR 154,288.00
Employees:
45
-
Freelancer:
35
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 [%]: 93.55
Liquidity ratio: 10.00
Return on total capital [%]: 21.83
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 84.63
Liquidity ratio: 10.00
Return on total capital [%]: 22.14
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 80.40
Liquidity ratio: 10.00
Return on total capital [%]: 20.20
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 74.35
Liquidity ratio: 10.00
Return on total capital [%]: 38.18
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: 01.01.2011 - 31.12.2011
ASSETS EUR 5,138,467.60
Fixed assets
EUR 1,032,472.50
Intangible assets
EUR 22,034.50
Other / unspecified intangible assetsEUR 22,034.50
Tangible assets
EUR 130,438.00
Other / unspecified tangible assets
EUR 130,438.00
Financial assets
EUR 880,000.00
Other / unspecified financial assets EUR 880,000.00
Current assets
EUR 4,087,028.40
Stocks
EUR 2,095,091.06
Accounts receivable
EUR 760,603.20
Other debtors and assets
EUR 760,603.20
Liquid means
EUR 1,231,334.14
Remaining other assets
EUR 18,966.70
Accruals (assets)
EUR 18,966.70
LIABILITIES
EUR 5,138,467.60
Shareholders' equity
EUR 4,807,891.81
Capital
EUR 25,564.59
Subscribed capital (share capital)
EUR 25,564.59
Balance
sheet profit/loss (+/-) EUR 4,782,327.22
Profit / loss brought forward
EUR 3,662,979.43
Annual surplus / annual deficit
EUR 1,119,347.79
Provisions
EUR 176,288.21
Liabilities
EUR 154,287.58
Other liabilities
EUR 154,287.58
Unspecified other liabilities
EUR 154,287.58
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 4,475,496.44
Fixed assets
EUR 118,946.00
Intangible assets
EUR 11,567.00
Other / unspecified intangible assetsEUR 11,567.00
Tangible assets
EUR 107,379.00
Other / unspecified tangible assets
EUR 107,379.00
Current assets
EUR 4,332,478.67
Stocks
EUR 1,317,327.10
Accounts receivable
EUR 565,024.96
Other debtors and assets
EUR 565,024.96
Liquid means EUR 2,450,126.61
Remaining other assets
EUR 24,071.77
Accruals (assets)
EUR 24,071.77
LIABILITIES EUR 4,475,496.44
Shareholders' equity
EUR 3,788,544.02
Capital
EUR 25,564.59
Subscribed capital (share capital)
EUR 25,564.59
Balance sheet profit/loss (+/-)
EUR 3,762,979.43
Profit / loss brought forward
EUR 2,773,434.24
Annual surplus / annual deficit
EUR 989,545.19
Provisions
EUR 529,130.32
Liabilities
EUR 157,822.10
Other liabilities
EUR 157,822.10
Unspecified other liabilities
EUR 157,822.10
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.57.73 |
|
|
1 |
Rs.90.61 |
|
Euro |
1 |
Rs.76.96 |
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 |
---- |
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.