MIRA INFORM REPORT
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Report Date : |
13.03.2013 |
IDENTIFICATION DETAILS
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Name : |
NON-STOP MODETEXTIL-VERTRIEBS GMBH |
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Registered Office : |
Hindenburgstrasse 160, Hamburg, 22297 |
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Country : |
Germany |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
30.10.1986 |
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Com. Reg. No.: |
37025 |
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Legal Form : |
Private Independent Company |
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Line of Business : |
wholesaler of
adults' fur and leather clothing; |
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No. of Employees : |
34 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 – June 30th, 2012
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Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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Germany |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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 6.0% 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.
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Source : CIA |
Company name & address
NON-STOP Modetextil-Vertriebs GmbH
Hindenburgstrasse 160
Hamburg, 22297
Germany
Tel: +49 (0) 40 6568540
Fax: +49 (0) 40 6570920
Synthesis
Employees: 34
Company Type: Private Independent
Incorporation Date:
30-Oct-1986
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2011
Reporting Currency: Euro
Annual Sales: NA
Total Assets: 5.3
Business Description
NON-STOP Modetextil-Vertriebs GmbH is primarily engaged in wholesale of adults' fur and leather clothing; wholesale of children's and infants' clothing; wholesale of footwear; and wholesale of clothing not elsewhere classified.
Industry
Industry Apparel and Accessories
ANZSIC 2006: 371 - Textile,
Clothing and Footwear Wholesaling
NACE 2002: 5142 - Wholesale
of clothing and footwear
NAICS 2002: 4243 - Apparel,
Piece Goods, and Notions Merchant Wholesalers
UK SIC 2003: 5142 - Wholesale of
clothing and footwear
UK SIC 2007: 4642 - Wholesale
of clothing and footwear
US SIC 1987: 5136 - Men's and
Boy's Clothing and Furnishings
Key Executives
Name Title
Jatinder-Singh Bhatia Managing
director
Jagjit-Singh Bhatia Managing
director
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7191895
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.770327
Corporate Overview
Location
Hindenburgstrasse 160
Hamburg, 22297
Germany
Tel: +49 (0) 40 6568540
Fax: +49 (0) 40 6570920
Sales EUR(mil): NA
Assets EUR(mil): 4.1
Employees: 34
Fiscal Year End: 31-Dec-2011
Industry: Apparel
and Accessories
Incorporation Date: 30-Oct-1986
Company Type: Private
Independent
Quoted Status: Not
Quoted
Registered No.(DEU): 37025
Managing director: Jatinder-Singh
Bhatia
Contents
Industry Codes
Business Description
Financial Data
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
371 - Textile, Clothing and Footwear Wholesaling
4251 - Clothing Retailing
NACE 2002 Codes:
5142 - Wholesale of clothing and footwear
5242 - Retail sale of clothing
NAICS 2002 Codes:
4243 - Apparel, Piece Goods, and Notions Merchant Wholesalers
4481 - Clothing Stores
US SIC 1987:
5136 - Men's and Boy's Clothing and Furnishings
5651 - Family Clothing Stores
UK SIC 2003:
5142 - Wholesale of clothing and footwear
5242 - Retail sale of clothing
UK SIC 2007:
4642 - Wholesale of clothing and footwear
4771 - Retail sale of clothing in specialised stores
Business
Description
NON-STOP Modetextil-Vertriebs GmbH is primarily engaged in wholesale of
adults' fur and leather clothing; wholesale of children's and infants'
clothing; wholesale of footwear; and wholesale of clothing not elsewhere
classified.
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Executive report
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Executives |
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Managing director |
Managing Director |
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Managing director |
Managing Director |
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Annual profit & loss
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31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate
(Period Average) |
0.71919 |
0.755078 |
0.719047 |
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Consolidated |
No |
No |
No |
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Provisions |
1.3 |
0.8 |
1.4 |
Annual
Balance Sheet
Financials in: USD (mil)
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31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
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Consolidated |
No |
No |
No |
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Issued capital |
0.3 |
0.3 |
0.4 |
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Total reserves |
0.5 |
0.5 |
0.6 |
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Profits for the year |
1.4 |
1.0 |
0.7 |
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Total
stockholders equity |
2.3 |
1.9 |
1.6 |
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Provisions and allowances |
1.2 |
0.8 |
1.5 |
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Total current
liabilities |
1.7 |
1.7 |
1.9 |
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Total
liabilities (including net worth) |
5.3 |
4.3 |
5.0 |
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Intangibles |
0.0 |
0.0 |
0.0 |
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Total tangible
fixed assets |
0.1 |
0.1 |
0.1 |
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Total
non-current assets |
0.1 |
0.1 |
0.1 |
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Net stocks and work in progress |
2.7 |
2.1 |
1.8 |
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Total
receivables |
2.1 |
2.0 |
2.4 |
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Cash and liquid assets |
0.3 |
0.1 |
0.5 |
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Total current
assets |
5.1 |
4.2 |
4.8 |
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Prepaid expenses and deferred costs |
0.1 |
0.1 |
0.1 |
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Total assets |
5.3 |
4.3 |
5.0 |
Annual
Ratios
Financials in: USD (mil)
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31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
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Consolidated |
No |
No |
No |
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Current ratio |
29.51 |
24.55 |
25.20 |
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Acid test ratio |
13.79 |
12.49 |
15.48 |
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Total liabilities to net worth |
0.08% |
0.09% |
0.12% |
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Net worth to total assets |
0.04% |
0.04% |
0.03% |
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Current liabilities to net worth |
0.08% |
0.09% |
0.12% |
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Current liabilities to stock |
0.06% |
0.08% |
0.10% |
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Fixed assets to net worth |
0.00% |
0.01% |
0.01% |
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Net worth |
2.3 |
1.9 |
1.6 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.54.34 |
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UK Pound |
1 |
Rs.80.89 |
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Euro |
1 |
Rs.70.73 |
INFORMATION DETAILS
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Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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<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.