|
Report Date : |
04.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
SAKI GMBH |
|
|
|
|
Registered Office : |
Grobmannstr. 88
D 20539 Hamburg |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
09.09.2001 |
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|
|
|
Com. Reg. No.: |
HRB 82724 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Wholesale of food |
|
|
|
|
No. of Employees : |
4 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
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 6.0% 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.
Source
: CIA
Saki GmbH
Company Status: active
Main address: Grobmannstr.
88
D 20539 Hamburg
Telephone:040/21008783
Telefax: 040/21008759
Legal office: Billstr.
217
D 20539 Hamburg
Business relations are
permissible.
LEGAL FORM Private
limited company
Date of foundation: 09.09.2001
Shareholders'
agreement: 09.09.2001
Registered on: 15.02.2002
Commercial Register: Local court 20355 Hamburg
under: HRB
82724
EUR 25,000.00
Masoud
Saki
Ilenkruut 3
D
22179 Hamburg
born:
09.07.1970
Share: EUR 25,000.00
Manager:
Masoud
Saki
Ilenkruut 3
D
22179 Hamburg
having
sole power of representation
born:
09.07.1970
Profession: Businessman
15.02.2002 -
16.12.2005 Saki GmbH
Diagonalstr. 41
D
20537 Hamburg
Private limited company
17.12.2005 - 2012 Saki GmbH
Billstr. 217
D
20539 Hamburg
Private limited company
Sectors
46389 Wholesale of food
n.e.c.
46493 Wholesale of leather
goods, luggage, giftware and advertising
articles
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 Großmannstr. 88
D 20539 Hamburg
Land register documents
were not available.
A bank connection is
unknown.
Turnover: 2012 EUR 930,000.00
Profit: 2011 EUR 54,621.00
further business figures:
Equipment: EUR 30,000.00
Ac/ts receivable: EUR 329,971.00
Liabilities: EUR 773,440.00
Employees:
4
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 [%]: 20.47
Liquidity ratio: 0.46
Return on total capital [%]: 5.46
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 17.93
Liquidity ratio: 0.23
Return on total capital [%]: 5.46
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 14.99
Liquidity ratio: 0.20
Return on total capital [%]: -1.92
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 20.95
Liquidity ratio: 0.51
Return on total capital [%]: 5.21
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
1,000,821.88
Fixed assets
EUR 79,985.50
Intangible assets
EUR 527.00
Other / unspecified intangible assetsEUR 527.00
Tangible assets EUR 79,458.50
Other / unspecified tangible assets
EUR 79,458.50
Current assets
EUR 918,554.29
Stocks
EUR 540,450.00
Accounts receivable
EUR 329,970.57
Other debtors and assets
EUR 329,970.57
Liquid means
EUR 48,133.72
Remaining other assets
EUR 2,282.09
Accruals
(assets) EUR 2,282.09
LIABILITIES EUR 1,000,821.88
Shareholders' equity
EUR 204,246.13
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR 179,246.13
Profit / loss brought forward
EUR 124,625.52
Annual surplus / annual deficit
EUR 54,620.61
Provisions
EUR 23,136.00
Liabilities
EUR 773,439.75
Other liabilities
EUR 773,439.75
Unspecified other liabilities EUR 773,439.75
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 832,585.29
Fixed assets
EUR 66,376.00
Intangible assets
EUR 861.00
Other / unspecified intangible assetsEUR 861.00
Tangible assets
EUR 65,515.00
Other / unspecified tangible assets
EUR 65,515.00
Current assets
EUR 766,209.29
Stocks
EUR 553,142.00
Accounts receivable
EUR 141,320.86
Other debtors and assets
EUR 141,320.86
Liquid means
EUR 71,746.43
LIABILITIES EUR 832,585.29
Shareholders' equity
EUR 149,625.52
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR 124,625.52
Profit / loss brought forward
EUR 79,175.42
Annual surplus / annual deficit
EUR 45,450.10
Provisions
EUR 9,269.57
Liabilities
EUR 673,690.20
Other liabilities
EUR 673,690.20
Unspecified other liabilities
EUR 673,690.20
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.48 |
|
|
1 |
Rs.82.72 |
|
Euro |
1 |
Rs.71.27 |
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.