|
Report Date : |
24.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
TRANQUILLO GMBH |
|
|
|
|
Registered Office : |
Lobnitzstr.
14 D 01097 Dresden |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
19.12.2008 |
|
|
|
|
Legal Form : |
Private
limited company |
|
|
|
|
Line of Business : |
Wholesale
of textiles and other household goods. |
|
|
|
|
No. of Employees : |
Not Available |
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 |
|
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 – 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
TRANQUILLO GmbH
Company Status: active
Lößnitzstr. 14
D 01097 Dresden
Telephone:0351/810633200
Telefax:
0351/810633229
Homepage: www.fabulous-tranquillo.com
E-mail:
info@fabulous-tranquillo.com
VAT no.: DE263606718
Tax ID number: 202/121/06918
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 19.12.2008
Shareholders'
agreement:
19.12.2008
Registered on: 30.01.2009
Commercial Register: Local court 01069 Dresden
under: HRB
27298
Share capital: EUR 25,000.00
Shareholder:
Christian Amthor
Louis-Braille-Str. 6
D 01099 Dresden
born:
10.10.1978
Share:
EUR 12,500.00
Shareholder:
Michael Kremer
Alaunstr. 84
D 01099 Dresden
born: 03.08.1976
Share:
EUR 12,500.00
Manager:
Christian Amthor
Louis-Braille-Str. 6
D 01099 Dresden
having sole power of representation
born: 10.10.1978
Manager:
Michael Kremer
Alaunstr. 84
D 01099 Dresden
having sole power of representation
born: 03.08.1976
Further functions/participations of Christian
Amthor (Manager)
Proprietor:
Christian Amthor
Louisenstr. 45
D 01099 Dresden
Legal form: Unregistered commercial
enterprise
Main industrial sector
46410
Wholesale of textiles
4649 Wholesale of other household goods
Secondary industrial sector
4759
Retail sale of furniture, lighting equipment and other
household articles
55104
Pensions
Branch:
TRANQUILLO GmbH
Louisenstr. 45
D 01099 Dresden
TEL.: 0351/8115289
Branch:
TRANQUILLO GmbH
Rothenburger Str. 14
D 01099 Dresden
TEL.: 0351/3205633
Branch:
TRANQUILLO GmbH
Gärtnerstr. 5
D 10245 Berlin
TEL.: 030/32665863
Branch:
TRANQUILLO GmbH
Karl-Liebknecht-Str. 91
D 04275 Leipzig
TEL.: 0341/2319299
Payment experience: within
agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2011
REAL ESTATE
Type of ownership: Tenant
Address Lößnitzstr.
14
D 01097 Dresden
Land register documents were not available.
COMMERZBANK VORMALS DRESDNER BANK, DRESDEN
Sort. code: 85080000, Account no.: 0553296602,
BIC: DRESDEFF850
Profit: 2011 EUR 281,357.00
Ac/ts receivable: EUR
55,927.00
Liabilities: EUR 294,419.00
The number of employees is not known.
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 75.79
Liquidity ratio: 10.00
Return on total capital [%]: 31.02
Balance
sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 65.42
Liquidity ratio: 10.00
Return on total capital [%]: 17.90
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 24.69
Liquidity ratio: 0.42
Return on total capital [%]: 19.14
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 911,800.05
Fixed assets EUR 37,909.00
Intangible assets EUR 4,546.00
Other / unspecified intangible assets EUR 4,546.00
Tangible assets EUR 30,363.00
Other / unspecified tangible assets EUR 30,363.00
Financial assets EUR 3,000.00
Other / unspecified financial assets EUR 3,000.00
Current assets EUR 849,980.15
Stocks EUR 422,790.71
Accounts receivable EUR
55,927.40
Other debtors and assets EUR 55,927.40
Investments in current assets EUR 9.00
Liquid means EUR 371,253.04
Remaining other assets EUR
23,910.90
Accruals (assets) EUR 23,910.90
LIABILITIES EUR 911,800.05
Shareholders' equity EUR
516,383.68
Capital EUR 25,000.00
Subscribed capital (share capital) EUR 25,000.00
Balance sheet profit/loss (+/-) EUR 491,383.68
Profit / loss brought forward EUR 210,026.56
Annual surplus / annual deficit EUR 281,357.12
Provisions EUR 100,078.04
Liabilities EUR 294,418.68
Other liabilities EUR 294,418.68
Unspecified other liabilities EUR 294,418.68
Other liabilities EUR
919.65
Deferrals (liabilities) EUR 919.65
Type of
balance sheet: Company balance sheet
Financial
year: 01.01.2010 - 31.12.2010
ASSETS EUR 664,364.21
Fixed assets EUR 26,542.00
Tangible assets EUR 26,542.00
Other / unspecified tangible assets EUR 26,542.00
Current assets EUR 622,164.21
Stocks EUR 231,068.42
Accounts receivable EUR
64,095.52
Other debtors and assets EUR 64,095.52
Liquid
means EUR 327,000.27
Remaining other assets EUR
15,658.00
Accruals (assets) EUR 15,658.00
LIABILITIES EUR
664,364.21
Shareholders' equity EUR
229,724.15
Capital EUR 25,000.00
Subscribed capital (share capital) EUR 25,000.00
Balance sheet profit/loss (+/-) EUR 204,724.15
Profit / loss brought forward EUR 86,306.44
Annual surplus / annual deficit EUR 118,417.71
Provisions EUR 73,667.36
Liabilities EUR 360,972.70
Other liabilities EUR
360,972.70
Unspecified other liabilities EUR 360,972.70
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.52 |
|
|
1 |
Rs.100.26 |
|
Euro |
1 |
Rs.84.67 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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.