|
Report Date : |
07.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
R & S EUROHANDEL GmbH |
|
|
|
|
Registered Office : |
Bachgasse 6, D
09350 Lichtenstein |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
29.07.2005 |
|
|
|
|
Com. Reg. No.: |
HRB 22293 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
· Other retail sale n.e.c. (not in stores) · Other retail sale in non-specialized stores |
|
|
|
|
No. of Employees : |
01 |
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 : |
Slow |
|
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 |
R & S EUROHANDEL GmbH
Bachgasse 6
D 09350
Lichtenstein
Telephone: 037204/582795
Telefax: 037204/582797
E-mail: rs-eurohandel@t-online.de
DE814485912
221/117/00323
Active
LEGAL FORM Private
limited company
Date of foundation: 29.07.2005
Shareholders'
agreement: 29.07.2005
Registered on: 01.09.2005
Commercial Register: Local court 09112 Chemnitz
under: HRB
22293
Share capital: EUR 25,000.00
Michael Reichel
Alte Chemnitzer
Str. 6
D 09405 Gornau
born: 06.05.1956
Share: EUR 12,500.00
Shareholder:
Manfred Schramm
Bachgasse 6
D 09350 Lichtenstein
born: 15.09.1945
Share: EUR 12,500.00
Manfred Schramm
Bachgasse 6
D 09350
Lichtenstein
having sole power
of representation
born: 15.09.1945
Marital status:
married
Main industrial sector
47999
Other retail sale n.e.c. (not in stores)
Secondary industrial sector
4719
Other retail sale in non-specialized stores
Payment experience: within agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2011
Type of ownership: Tenant
Address Bachgasse
6
D 09350 Lichtenstein
Real Estate of: Manfred
Schramm
Type of ownership: unknown
Address Bachgasse
6
D 09350 Lichtenstein
Land register documents were not available.
SPARKASSE CHEMNITZ, CHEMNITZ, SACHS
Sort. code: 87050000, BIC: CHEKDE81XXX
Turnover:
2011 *EUR 136,500.00
Profit:
2011 EUR 345.00
Ac/ts receivable: EUR 27,853.00
Liabilities: EUR 60,511.00
Employees:
1
The business figures marked with an asterisk
are estimates based on average values in the line of business.
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 14.30
Liquidity ratio: 0.46
Return on total capital [%]: 0.48
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 18.34
Liquidity ratio: 0.64
Return on total capital [%]: 48.76
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: -21.42
Liquidity ratio: 0.27
Return on total capital [%]: -35.73
Balance sheet grade: 5.0
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 21.00
Liquidity ratio: 0.65
Return on total capital [%]: -50.00
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 71,425.33
Fixed
assets EUR 19,034.00
Tangible
assets EUR 19,034.00
Other /
unspecified tangible assets EUR 19,034.00
Current
assets EUR 50,706.64
Stocks EUR 22,707.56
Accounts
receivable EUR 27,853.47
Other
debtors and assets EUR 27,853.47
Liquid
means EUR 145.61
Remaining
other assets EUR 1,684.69
Accruals
(assets) EUR 1,684.69
LIABILITIES EUR 71,425.33
Shareholders'
equity EUR 10,214.09
Capital EUR 25,000.00
Subscribed
capital (share capital) EUR 25,000.00
Balance
sheet profit/loss (+/-) EUR -14,785.91
Profit /
loss brought forward EUR -15,130.91
Annual
surplus / annual deficit EUR 345.00
Provisions EUR 700.00
Liabilities EUR 60,511.24
Other
liabilities EUR 60,511.24
Unspecified
other liabilities EUR 60,511.24
thereof
liabilities from social
security
EUR 71.82
Type of balance
sheet:
Company balance sheet
Financial year:
01.01.2010 - 31.12.2010
ASSETS EUR 53,809.91
Fixed
assets EUR 24,118.00
Tangible
assets EUR 24,118.00
Other /
unspecified tangible assets EUR 24,118.00
Current
assets EUR 27,003.64
Accounts
receivable EUR 26,875.89
Other
debtors and assets EUR 26,875.89
Liquid means EUR 127.75
Remaining
other assets EUR 2,688.27
Accruals
(assets) EUR 2,688.27
LIABILITIES EUR 53,809.91
Shareholders'
equity EUR 9,869.09
Capital EUR 25,000.00
Subscribed
capital (share capital) EUR 25,000.00
Balance
sheet profit/loss (+/-) EUR -15,130.91
Profit /
loss brought forward EUR -41,368.02
Annual
surplus / annual deficit EUR 26,237.11
Provisions EUR 1,500.00
Liabilities EUR 42,440.82
Other
liabilities EUR 42,440.82
Unspecified
other liabilities EUR 42,440.82
thereof liabilities from social
security EUR 71.82
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.41 |
|
|
1 |
Rs.99.29 |
|
Euro |
1 |
Rs.83.68 |
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.