|
Report Date : |
29.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
RAHAUS ATLANTIS MÖBEL & MEDIA GMBH |
|
|
|
|
Registered Office : |
Ringstr. 30-42, D 12105 Berlin |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
01.12.1986 |
|
|
|
|
Com. Reg. No.: |
HRB 26329 B |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Retail sale of home furniture |
|
|
|
|
No. of Employees : |
48 |
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 : |
Usually Correct |
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|
|
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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
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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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 |
Important note:
Your inquiry: Atlantis Wohnbedarf Vertriebs
GmbH, Franklinstr.12-14, D 10587 Berlin. The subject of your inquiry is a
branch. We are reporting on the headquarters.
Rahaus Atlantis Möbel & Media GmbH
Ringstr. 30-42
D 12105 Berlin
Telephone: 030/280380-0
Telefax:
030/280380-480
Homepage: www.rahaus.de
E-mail:
mail@rahaus.de
DE136727170
29/450/06030
active
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 01.12.1986
Shareholders'
agreement: 01.12.1986
Registered on: 30.01.1987
Commercial Register: Local court 14057 Berlin
under: HRB
26329 B
Share capital: EUR 153,388.00
Kurt Rahaus
Ulricistr. 32a
D 14109 Berlin
born: 14.10.1943
Share: EUR 153,388.00
Kurt Rahaus
Ulricistr. 32a
D 14109 Berlin
having sole power of representation
born: 14.10.1943
Profession: Businessman
Marital status: married
Further
functions/participations of Kurt Rahaus (Manager)
Shareholder:
Rahaus Country & Loft
GmbH
Franklinstr. 12-14
D 10587 Berlin
Legal form: Private
limited company
Share capital: EUR 76,130.00
Share: EUR 76,130.00
Registered
on: 27.04.1995
Reg. data: 14057 Berlin, HRB 55204 B
Shareholder:
21. Century Rahaus Living
GmbH
Kantstr. 151
D 10623 Berlin
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 16.02.2000
Reg. data: 14057 Berlin, HRB 74082
Manager:
Rahaus Country & Loft
GmbH
Franklinstr. 12-14
D 10587 Berlin
Legal form: Private
limited company
Share capital: EUR 76,130.00
Registered
on: 27.04.1995
Reg. data: 14057 Berlin, HRB 55204 B
Manager:
Ringstrasse Verwaltungs
GmbH
Ringstr. 30-42
D 12105 Berlin
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 29.08.2007
Reg. data: 14057 Berlin, HRB 109161 B
30.01.1987 - 24.10.1990 Kurt Rahaus Design GmbH
Kurfürstendamm 74a
D 10709 Berlin
Private limited
company
25.10.1990 - 29.04.2007 Atlantis Wohnbedarf-Vertriebs-GmbH
Franklinstr. 12-14
D 10587 Berlin
Private limited
company
30.04.2007 - 21.09.2009 Atlantis Wohnbedarf-Vertriebs-GmbH (bis
21.09.2009)
Ringstr. 30-42
D 12105 Berlin
Private limited
company
Secondary
industrial sector
·
47591 Retail sale of home furniture
·
9609 Other service activities n. e. c.
Branch:
Rahaus Atlantis Möbel
& Media GmbH
Franklinstr. 12-14
D 10587 Berlin
TEL.: 030/39994850
FAX.: 030/39994842
Shareholder:
Ringstrasse Verwaltungs
GmbH
Ringstr. 30-42
D 12105 Berlin
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 29.08.2007
Local court
14057 Berlin
HRB 109161 B
Payment experience: within agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2011
Type of ownership: Tenant
Address Ringstr.
30-42
D 12105 Berlin
Land register documents were not
available.
BERLINER
VOLKSBANK, BERLIN
Sort. code: 10090000, Account no.:
7154556006, BIC: BEVODEBBXXX
Turnover: 2011 EUR 9,408,983.00
2012 EUR 10,000,000.00
Profit: 2011 EUR 240,455.00
further business figures:
Equipment: EUR 739,573.00
Ac/ts receivable: EUR 244,478.00
Liabilities: EUR 1,330,287.00
Employees:
48
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 71.51
Liquidity ratio: 0.18
Return
on total capital [%]: 4.98
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 53.66
Liquidity ratio: 0.33
Return on total capital [%]: 19.01
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 46.70
Liquidity ratio: 0.14
Return on total capital [%]: 7.19
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 27.96
Liquidity ratio: 0.19
Return
on total capital [%]: 8.67
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 4,856,798.91
Fixed assets
EUR 1,008,445.30
Intangible assets
EUR 35,978.00
Concessions, licences, rights
EUR 35,978.00
Tangible assets
EUR 947,467.30
Land / similar rights
EUR 15,894.00
Other tangible assets / fixtures and
fittings
EUR 739,573.30
Advance payments made / construction
in progress
EUR 192,000.00
Financial assets
EUR 25,000.00
Shares in participations /
subsidiaries and the like
EUR 25,000.00
Current assets
EUR 3,824,575.17
Stocks
EUR 3,452,594.54
Finished
goods / work in progress EUR 3,141,277.41
Advance payments made
EUR 311,317.13
Accounts receivable
EUR 244,477.57
Trade debtors
EUR 5,729.45
Amounts due from investee companies
EUR 148,668.07
Other debtors and assets
EUR 90,080.05
Liquid means
EUR 127,503.06
Remaining other assets
EUR 23,778.44
Accruals (assets)
EUR 23,778.44
LIABILITIES EUR 4,856,798.91
Shareholders' equity
EUR 3,481,434.59
Capital EUR 168,388.00
Subscribed capital (share capital)
EUR 168,388.00
Reserves
EUR 114,294.17
Retained earnings / revenue reserves EUR 114,294.17
Balance sheet profit/loss (+/-)
EUR 3,198,752.42
Profit / loss brought forward
EUR 2,958,297.71
Annual surplus / annual deficit
EUR 240,454.71
Provisions
EUR 45,076.88
Other / unspecified provisions
EUR 45,076.88
Liabilities
EUR 1,330,287.44
Other liabilities
EUR 1,330,287.44
Trade creditors (for IAS incl. bills
of exchange) EUR 598,149.03
Liabilities from received advance
payments
EUR 41.97
Unspecified other liabilities
EUR 732,096.44
thereof liabilities from tax /
financial
authorities EUR 19,674.60
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 9,408,982.50
Other operating income
EUR 615,231.94
Cost of materials
EUR 6,007,426.26
Raw materials and supplies, purchased
goods
EUR 5,190,217.47
Purchased services
EUR 817,208.79
Gross result (+/-)
EUR 4,016,788.18
Staff expenses
EUR 1,527,129.86
Wages and salaries
EUR 1,267,929.53
Social security contributions and
expenses for pension plans and
benefits
EUR 259,200.33
Total depreciation
EUR 504,728.10
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 504,728.10
Other operating expenses
EUR 1,635,017.49
Operating result from continuing
operations
EUR 349,912.73
Interest result (+/-)
EUR 10,225.96
Interest and similar income
EUR 10,256.04
thereof from related companies
EUR 8,201.40
Interest and similar expenses
EUR 30.08
Financial result (+/-) EUR 10,225.96
Result from ordinary operations (+/-)
EUR 360,138.69
Extraordinary income
EUR 1.63
Extraordinary result (+/-)
EUR 1.63
Income tax / refund of income tax (+/-)EUR -116,634.80
Other taxes / refund of taxes
EUR -3,050.81
Tax
(+/-)
EUR -119,685.61
Annual surplus / annual deficit
EUR 240,454.71
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 4,664,366.71
Fixed assets
EUR 730,336.68
Intangible assets
EUR 43,823.00
Concessions, licences, rights
EUR 43,823.00
Tangible assets
EUR 661,513.68
Land / similar rights
EUR 3,387.00
Other
tangible assets / fixtures and
fittings
EUR 658,126.68
Financial assets
EUR 25,000.00
Shares in participations /
subsidiaries and the like
EUR 25,000.00
Shares in investee companies
EUR 25,000.00
Current assets
EUR 3,913,013.57
Stocks
EUR 3,342,586.28
Finished goods / work in progress
EUR 3,092,876.21
Advance payments made
EUR 249,710.07
Accounts receivable
EUR 536,774.41
Trade debtors
EUR 25,883.29
Amounts
due from investee companies EUR 200,466.67
Other debtors and assets
EUR 310,424.45
Liquid means
EUR 33,652.88
Remaining other assets
EUR 21,016.46
Accruals (assets)
EUR 21,016.46
LIABILITIES EUR 4,664,366.71
Shareholders' equity
EUR 2,513,103.56
Capital
EUR 153,388.00
Subscribed capital (share capital)
EUR 153,388.00
Reserves
EUR 114,294.17
Retained earnings / revenue reserves EUR 114,294.17
Balance sheet profit/loss (+/-)
EUR 2,245,421.39
Profit / loss brought forward
EUR 1,362,738.07
Annual surplus / annual deficit
EUR 882,683.32
Provisions
EUR 482,083.80
Pension provisions and comparable
provisions
EUR 126,681.00
Provisions for taxes
EUR 236,552.75
Other / unspecified provisions
EUR 118,850.05
Liabilities
EUR 1,669,179.35
Financial debts
EUR 47,433.72
Liabilities due to banks
EUR 47,433.72
Other liabilities
EUR 1,621,745.63
Trade creditors (for IAS incl. bills
of exchange)
EUR 452,469.08
Unspecified other liabilities
EUR 1,169,276.55
thereof liabilities from tax /
financial authorities
EUR 22,739.08
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Sales
EUR 12,994,809.91
Other operating income
EUR 554,916.61
Cost of materials
EUR 8,340,569.87
Raw materials and supplies, purchased
goods
EUR 6,906,866.51
Purchased services
EUR 1,433,703.36
Gross result (+/-)
EUR 5,209,156.65
Staff expenses
EUR 1,707,313.64
Wages and salaries
EUR 1,441,925.56
Social security contributions and
expenses for pension plans and
benefits
EUR 265,388.08
Total depreciation
EUR 468,982.20
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 468,982.20
Other operating expenses
EUR 1,720,943.53
Operating result from continuing
operations
EUR 1,311,917.28
Interest result (+/-)
EUR -28,255.45
Interest and similar income
EUR 629.72
thereof from related companies
EUR 466.67
Interest and similar expenses
EUR 28,885.17
Financial result (+/-)
EUR -28,255.45
Result
from ordinary operations (+/-) EUR 1,283,661.83
Extraordinary income
EUR 0.34
Extraordinary expenses
EUR 0.48
Extraordinary result (+/-)
EUR -0.14
Income tax / refund of income tax (+/-)EUR -397,922.09
Other taxes / refund of taxes
EUR -3,056.28
Tax
(+/-)
EUR -400,978.37
Annual surplus / annual deficit
EUR 882,683.32
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.39 |
|
UK Pound |
1 |
Rs.82.32 |
|
Euro |
1 |
Rs.69.54 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.