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Report Date : |
25.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
SANDER NAVY GMBH |
|
|
|
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Registered Office : |
Zum Panrepel 41 D 28307 |
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Country : |
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|
|
|
Financials (as on) : |
31.12.2011 |
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|
|
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Date of Incorporation : |
15.12.2006 |
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|
|
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Com. Reg. No.: |
HRB 24062 HB |
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Legal Form : |
Private Limited Company |
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|
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Line of Business : |
Manufacture of metal products |
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No. of Employees : |
5 |
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 |
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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 |
|
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
Sander Navy GmbH
Company Status: active
Zum Panrepel
41
D 28307
Bremen
Telephone:0421/48603-0
Telefax: 0421/48603-61
Homepage:
www.sander-navy.de
E-mail:
info@sander-navy.de
DE814800627
71 589 01034
LEGAL FORM Private limited company
Date of foundation: 15.12.2006
Shareholders'
agreement: 15.12.2006
Registered on: 22.02.2007
Commercial Register: Local
court 28195 Bremen
under: HRB 24062 HB
EUR 27,000.00
Wilhelm
Sander Fertigung GmbH
Zum Panrepel 41
D 28307
Bremen
Legal form:
Private limited company
Share
capital: EUR 1,380,500.00
Share: EUR 27,000.00
Registered on: 03.01.1984
Reg. data:
28195 Bremen, HRB 9877 HB
Manager:
Dan Broström
S Kullavik
having sole
power of representation
born:
19.01.1959
Nationality:
Swedish
Further
functions/participations of Dan Broström (Manager)
Manager:
Wilhelm
Sander Fertigung GmbH
Zum Panrepel
41
D 28307
Bremen
Legal form: Private limited
company
Share
capital: EUR 1,380,500.00
Registered
on: 03.01.1984
Reg.
data: 28195 Bremen, HRB 9877 HB
28.01.2011 - 08.03.2012 Manager
Per-Ola
Nilsson
S -
Värnamo
28.02.2007 - 17.01.2011 Manager
Frank
Helmken
D 28211
Bremen
Main industrial sector
25993 Manufacture of metal
products n.e.c.
4618 Agents involved in the
sale of other goods
Payment experience: within agreed
terms
Negative information:We have no negative information at hand.
Maximum credit: 100,000 EUR
Balance sheet year: 2011
Type of ownership: Tenant
Address Zum Panrepel
41
D 28307
Bremen
Land register documents were not available.
COMMERZBANK, BREMEN
Sort. code: 29040090, BIC: COBADEFF290
Turnover: 2011 EUR 2,000,000.00
2012 EUR 2,000,000.00
further
business figures:
Equipment: EUR 40,000.00
Ac/ts
receivable:
EUR 101,824.00
Liabilities: EUR 121,662.00
Employees:
5
-
thereof permanent staff: 5
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 [%]: 82.45
Liquidity
ratio: 10.00
Return
on total capital [%]: 37.13
Balance
sheet ratios 01.01.2010 - 31.12.2010
Equity
ratio [%]: 58.00
Liquidity
ratio: 1.60
Return
on total capital [%]: 20.55
Balance
sheet ratios 01.01.2009 - 31.12.2009
Equity
ratio [%]: 21.92
Liquidity
ratio: 1.89
Return
on total capital [%]: 18.96
Balance
sheet ratios 01.01.2008 - 31.12.2008
Equity
ratio [%]: 9.88
Liquidity
ratio: 1.32
Return
on total capital [%]: 4.02
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 753,925.22
Fixed assets EUR 30,237.00
Intangible assets EUR 6,699.00
Other / unspecified intangible
assetsEUR 6,699.00
Tangible assets EUR 23,538.00
Other / unspecified tangible assets EUR 23,538.00
Current assets EUR 723,688.22
Stocks EUR 256,445.43
Accounts receivable EUR 101,823.71
Other debtors and assets EUR 101,823.71
Liquid means EUR 365,419.08
LIABILITIES EUR 753,925.22
Shareholders' equity EUR 538,230.88
Capital EUR 27,000.00
Subscribed capital (share capital) EUR 27,000.00
Balance sheet profit/loss (+/-) EUR 511,230.88
Balance sheet profit / loss EUR 511,230.88
Provisions EUR 94,032.24
Liabilities EUR 121,662.10
Other liabilities EUR 121,662.10
Unspecified other liabilities EUR 121,662.10
Type
of balance
sheet: Company balance sheet
Financial
year: 01.01.2010 - 31.12.2010
ASSETS EUR 595,793.10
Fixed assets EUR 40,835.00
Intangible assets EUR 14,005.00
Other / unspecified intangible
assetsEUR 14,005.00
Tangible assets EUR 26,830.00
Other / unspecified tangible assets EUR 26,830.00
Current assets EUR 554,699.48
Stocks EUR 218,701.30
Accounts receivable EUR 302,016.43
Other debtors and assets EUR 302,016.43
Liquid means EUR 33,981.75
Remaining other assets EUR 258.62
Accruals (assets) EUR 258.62
LIABILITIES EUR 595,793.10
Shareholders' equity EUR 259,523.28
Capital EUR 27,000.00
Subscribed capital (share capital) EUR 27,000.00
Balance sheet profit/loss (+/-) EUR 232,523.28
Balance sheet profit / loss EUR 232,523.28
Provisions EUR 24,106.00
Liabilities EUR 312,163.82
Other liabilities EUR 312,163.82
Unspecified other liabilities EUR 312,163.82
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.73 |
|
|
1 |
Rs.91.82 |
|
Euro |
1 |
Rs.78.23 |
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 |
|
<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.