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Report Date : |
15.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
HAROLD'S LEDERWAREN GMBH |
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Registered Office : |
Lämmerspieler Str. 40-42, D 63179 Obertshausen |
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Country : |
Germany |
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Financials (as on) : |
31.12.2012 |
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Year of Establishment : |
1965 |
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Com. Reg. No.: |
HRB 11818 |
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Legal Form : |
Private limited company |
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Line of Business : |
Wholesale of leather goods, luggage, giftware and advertising articles |
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No. of Employees : |
8 |
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 |
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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 |
HAROLD'S LEDERWAREN GMBH
Company Status: active
Lämmerspieler Str. 40-42
D 63179 Obertshausen
Telephone:06104/79061
Telefax: 06104/75049
Homepage: www.dothebag.de
E-mail: info@harolds-lederwaren.de
DE213707826
LEGAL FORM Private
limited company
Date of foundation: 1965
Shareholders'
agreement: 27.12.2000
Registered on: 08.02.2001
Commercial Register: Local court 63065 Offenbach
under: HRB
11818
EUR 75,000.00
Thilo
Schmelz
Eckenheimer Landstr. 19
D
60318 Frankfurt
born:
17.08.1967
Share: EUR 66,000.00
Shareholder:
Günter
Schmelz
Pater-Delp-Str.
3
D
63179 Obertshausen
born:
16.03.1936
Share: EUR 9,000.00
Manager:
Günter
Schmelz
Pater-Delp-Str. 3
D 63179 Obertshausen
having
sole power of representation
born:
16.03.1936
Profession: Businessman
Marital status: married
Manager:
Thilo Schmelz
Eckenheimer Landstr. 19
D
60318 Frankfurt
having
sole power of representation
born:
17.08.1967
Proxy:
Helga
Schmelz
Pater-Delp-Str. 3
D
63179 Obertshausen
having
sole power of representation
born:
13.08.1939
Marital status: married
Further functions/participations
of Günter Schmelz (Manager)
General partner:
Schmelz OHG
Lämmerspieler Str. 40-42
D
63179 Obertshausen
Legal
form: General Partnership
Registered
on: 28.04.1965
Reg.
data: 63065 Offenbach, HRA 6726
Shareholder:
Tennis
Center Birkenwald GmbH
Lämmerspieler Str. 42
D 63179 Obertshausen
Legal
form: Private limited company in
liquidation
Share
capital: EUR 25,564.59
Share: EUR 12,782.30
Registered
on: 26.08.1980
Reg.
data: 63065 Offenbach, HRB 4850
Further
functions/participations of Thilo Schmelz (Manager)
General partner:
Schmelz
OHG
Lämmerspieler Str. 40-42
D
63179 Obertshausen
Legal
form: General Partnership
Registered
on: 28.04.1965
Reg.
data: 63065 Offenbach, HRA 6726
Main industrial sector
46493 Wholesale of leather goods, luggage,
giftware and
advertising articles
68202 Renting of own or leased commercial property
and
non-residential buildings
Payment experience: within
agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2012
Type of ownership: Tenant
Address Lämmerspieler Str. 40-42
D 63179
Obertshausen
Land register documents
were not available.
SPARKASSE
LANGEN-SELIGENSTADT, OBERTSHAUSEN
Sort. code: 50652124, BIC:
HELADEF1SLS
Turnover: 2012 EUR 2,500,000.00
Profit: 2011 EUR 162,945.00
2012 EUR 121,873.00
further business figures:
Ac/ts receivable: EUR 1,072,966.00
Liabilities: EUR 127,211.00
Employees:
8
Balance sheet ratios 01.01.2012 -
31.12.2012
Equity ratio [%]: 94.01
Liquidity ratio: 10.00
Return on total capital [%]: 5.40
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 96.43
Liquidity ratio: 10.00
Return on total capital [%]: 7.86
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 95.84
Liquidity ratio: 10.00
Return on total capital [%]: 9.96
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 93.79
Liquidity ratio: 10.00
Return on total capital [%]: 8.05
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: 01.01.2012 - 31.12.2012
ASSETS EUR 2,257,514.03
Fixed assets EUR 84,840.79
Intangible assets EUR 0.50
Other / unspecified intangible
assetsEUR 0.50
Tangible assets EUR 84,010.50
Other / unspecified tangible assets EUR 84,010.50
Financial assets EUR 829.79
Other / unspecified financial assets
EUR 829.79
Current assets EUR 2,172,673.24
Stocks EUR 330,576.00
Accounts receivable EUR 1,072,966.08
Other debtors and assets EUR 1,072,966.08
Liquid means EUR 769,131.16
LIABILITIES EUR 2,257,514.03
Shareholders' equity EUR 2,122,293.04
Capital EUR 75,000.00
Subscribed capital (share capital) EUR 75,000.00
Balance sheet profit/loss (+/-) EUR 2,047,293.04
Profit / loss brought forward EUR 1,925,420.14
Annual surplus / annual deficit EUR 121,872.90
Provisions EUR 8,009.61
Liabilities
EUR 127,211.38
Other liabilities EUR 127,211.38
Unspecified other liabilities EUR 127,211.38
Type of
balance
sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 2,074,350.13
Fixed assets EUR 105,946.29
Intangible assets EUR 2,863.00
Other / unspecified intangible
assetsEUR 2,863.00
Tangible assets EUR 102,253.50
Other / unspecified tangible assets EUR
102,253.50
Financial assets EUR 829.79
Other / unspecified financial assets
EUR 829.79
Current assets EUR 1,968,403.84
Stocks EUR 209,448.00
Accounts receivable EUR 1,041,594.31
Other debtors and assets EUR 1,041,594.31
Liquid means EUR 717,361.53
LIABILITIES EUR 2,074,350.13
Shareholders' equity EUR 2,000,420.14
Capital EUR 75,000.00
Subscribed capital (share capital) EUR 75,000.00
Balance sheet profit/loss (+/-) EUR 1,925,420.14
Profit / loss brought forward EUR 1,762,475.29
Annual surplus / annual deficit EUR 162,944.85
Provisions EUR 9,010.92
Liabilities EUR 64,919.07
Other liabilities EUR 64,919.07
Unspecified other liabilities
EUR 64,919.07
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.61.30 |
|
UK Pound |
1 |
Rs.97.98 |
|
Euro |
1 |
Rs.83.14 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
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 |
|
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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.