|
Report Date : |
11.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
JCC
LEDERMODEN VERTRIEBS GMBH |
|
|
|
|
Registered Office : |
Sirnauer
Str. 52 D 73779 Deizisau |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
20.02.1990 |
|
|
|
|
Legal Form : |
Private
limited company |
|
|
|
|
Line of Business : |
Wholesale
of clothing and footwear |
|
|
|
|
No. of Employees |
30 |
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 : |
Slow but correct |
|
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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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, has contributed to strong growth 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 5.3% in 2013. The new German government introduced a minimum wage of $11 per hour to take effect in 2015. 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 and 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. 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 |
JCC LEDERMODEN VERTRIEBS-GMBH
Company Status: active
Sirnauer Str. 52
D 73779 Deizisau
Telephone:07153/83290
Telefax:
07153/832910
Homepage: www.jcc.de
E-mail: info@jcc.de
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1984
Shareholders'
agreement: 09.11.1989
Registered on: 20.02.1990
Commercial Register: Local court 70190 Stuttgart
under: HRB
212322
Share capital: EUR 51,130.00
Shareholder:
Horst Christel
Im
Sonnenwinkel 24
D 73733 Esslingen
born: 08.04.1959
Share: EUR 25,565.00
Shareholder:
Walter Christel
Im
Köpfen 27
D 73732 Esslingen
born: 08.04.1959
Share: EUR 25,565.00
Manager:
Horst Christel
Im
Sonnenwinkel 24
D 73733 Esslingen
having sole power of
representation
born: 08.04.1959
Profession: Businessman
Marital status: married
Manager:
Walter Christel
Im
Köpfen 27
D 73732 Esslingen
having sole power of
representation
born: 08.04.1959
Profession: Businessman
Marital status: married
Proxy:
Stefan Geiger
D 73269 Hochdorf
having sole power of
representation
born: 22.07.1968
Further functions/participations of Horst Christel (Manager)
General partner:
Horst Christel,
Walter Christel
Sirnauer
Str. 52
D 73779 Deizisau
Legal form: Partnership
under the Civil Code
General partner:
Walter Christel, Horst Christel
Sirnauer
Str. 52
D 73779 Deizisau
Post Box:
11 08, D 73777 Deizisau
Legal form: Partnership
under the Civil Code
Limited partner:
Christel
Neckartaler Fleischwaren
GmbH & Co.
KG
Waldstr.
42
D 73773 Aichwald
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 270,000.00
contribution:
Share: EUR 30,000.00
Registered
on: 12.03.1985
Reg. data: 70190 Stuttgart, HRA 211698
Limited partner:
black-i
GmbH & Co. KG
Sirnauer
Str. 52
D 73779 Deizisau
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 2,000.00
contribution:
Share: EUR 500.00
Registered
on: 03.08.2010
Reg. data: 70190 Stuttgart, HRA 725402
Shareholder:
"La bella" Handelsagentur und Vertrieb von
Nonfood u. Foodartikeln GmbH
Sirnauer
Str. 52
D 73779 Deizisau
Legal form: Private limited
company
Share capital: EUR 25,566.00
Share: EUR 12,783.00
Registered
on: 20.04.1993
Reg. data: 70190 Stuttgart, HRB 212756
Shareholder:
black-i
Verwaltungsgesellschaft mbH
Sirnauer
Str. 52
D 73779 Deizisau
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 8,333.00
Registered
on: 02.08.2010
Reg. data: 70190 Stuttgart, HRB 734506
Manager:
"La bella" Handelsagentur und Vertrieb von
Nonfood u. Foodartikeln GmbH
Sirnauer
Str. 52
D 73779 Deizisau
Legal form: Private
limited company
Share capital: EUR 25,566.00
Registered
on: 20.04.1993
Reg. data: 70190 Stuttgart, HRB 212756
Manager:
black-i
Verwaltungsgesellschaft mbH
Sirnauer
Str. 52
D 73779 Deizisau
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 02.08.2010
Reg. data: 70190 Stuttgart, HRB 734506
Further functions/participations of Walter Christel (Manager)
General partner:
Horst Christel,
Walter Christel
Sirnauer
Str. 52
D 73779 Deizisau
Legal form: Partnership
under the Civil Code
General partner:
Walter Christel, Horst Christel
Sirnauer
Str. 52
D 73779 Deizisau
Post Box:
11 08, D 73777 Deizisau
Legal form: Partnership
under the Civil Code
Limited partner:
Christel
Neckartaler Fleischwaren
GmbH & Co.
KG
Waldstr.
42
D 73773 Aichwald
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 270,000.00
contribution:
Share: EUR 30,000.00
Registered
on: 12.03.1985
Reg. data: 70190 Stuttgart, HRA 211698
Limited partner:
black-i
GmbH & Co. KG
Sirnauer
Str. 52
D 73779 Deizisau
Legal form: Ltd
partnership with priv. ltd.
company as general partner
Total cap. EUR 2,000.00
contribution:
Share: EUR 500.00
Registered
on: 03.08.2010
Reg. data: 70190 Stuttgart, HRA 725402
Shareholder:
"La bella" Handelsagentur und Vertrieb von
Nonfood u. Foodartikeln GmbH
Sirnauer
Str. 52
D 73779 Deizisau
Legal form: Private
limited company
Share capital: EUR 25,566.00
Share: EUR 12,783.00
Registered
on: 20.04.1993
Reg. data: 70190 Stuttgart, HRB 212756
Shareholder:
black-i
Verwaltungsgesellschaft mbH
Sirnauer
Str. 52
D 73779 Deizisau
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 8,333.00
Registered
on: 02.08.2010
Reg. data: 70190 Stuttgart, HRB 734506
Manager:
"La bella" Handelsagentur und Vertrieb von
Nonfood u. Foodartikeln GmbH
Sirnauer
Str. 52
D 73779 Deizisau
Legal form: Private
limited company
Share capital: EUR 25,566.00
Registered
on: 20.04.1993
Reg. data: 70190 Stuttgart, HRB 212756
Manager:
black-i
Verwaltungsgesellschaft mbH
Sirnauer
Str. 52
D 73779 Deizisau
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 02.08.2010
Reg. data: 70190 Stuttgart, HRB 734506
01.01.1984 - 09.11.1989 " Walter Christel
"
Zollbergstr.
62-64
D 73734 Esslingen
Unregistered
commercial enterprise
Main industrial sector
4642
Wholesale of clothing and footwear
47710 Retail sale of clothing
Payment experience: within periods customary in this trade
Negative information:We
have no negative information at hand.
BALANCE SHEET YEAR: 2012
Type of ownership: Tenant
Address Sirnauer Str. 52
D 73779 Deizisau
Land register documents were not available.
KREISSPARKASSE ESSLINGEN-NÜRTINGEN, 73702
ESSLINGEN AM NECKAR
Sort. code: 61150020
BIC: ESSLDE66XXX
VOLKSBANK ESSLINGEN, 73704 ESSLINGEN AM NECKAR
Sort. code: 61190110
BIC: GENODES1ESS
Turnover: 2012 EUR 3,780,000.00
2013 *EUR 3,780,000.00
Profit: 2012 EUR 55,957.00
further business figures:
Equipment: *EUR 216,000.00
Ac/ts
receivable:
EUR 2,071,829.00
Liabilities: EUR 4,330,504.00
Employees:
30
- Trainees:
3
The business figures marked with an asterisk
are estimates based
on average values in the line of business.
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 24.42
Liquidity ratio: 0.58
Return on total capital [%]: 1.17
Balance sheet grade: 3.3
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 19.45
Liquidity ratio: 0.70
Return on total capital [%]: 1.47
Balance sheet grade: 3.4
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 14.98
Liquidity ratio: 0.98
Return on total capital [%]: 3.24
Balance sheet grade: 3.3
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 22.92
Liquidity ratio: 0.96
Return on total capital [%]: 3.18
Balance sheet grade: 3.0
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 4,781,463.01
Fixed assets EUR 336,349.00
Intangible assets EUR 10,665.00
Tangible assets EUR 325,684.00
Current assets EUR 4,442,114.21
Stocks EUR 2,335,334.00
Accounts receivable EUR 2,071,828.62
Liquid means EUR 34,951.59
Remaining other
assets EUR 2,999.80
Accruals (assets) EUR 2,999.80
LIABILITIES EUR 4,781,463.01
Shareholders' equity EUR 429,258.80
Capital EUR 51,130.00
Subscribed capital
(share capital) EUR 51,130.00
Balance sheet profit/loss
(+/-) EUR 378,128.80
Profit / loss brought
forward EUR 322,171.38
Annual surplus / annual
deficit EUR 55,957.42
Provisions EUR 21,700.00
Liabilities EUR 4,330,504.21
Type of balance sheet: Company
balance sheet
Financial year: 01.01.2011
- 31.12.2011
ASSETS EUR 4,220,893.80
Fixed assets EUR 323,267.00
Intangible assets EUR 6,873.00
Other / unspecified
intangible assetsEUR 6,873.00
Tangible assets EUR 316,394.00
Other / unspecified
tangible assets EUR 316,394.00
Current assets EUR 3,828,179.13
Stocks EUR 1,429,494.00
Accounts receivable EUR 2,072,944.27
Other debtors and
assets EUR 2,072,944.27
Liquid means EUR 325,740.86
Remaining other
assets EUR 69,447.67
Accruals (assets) EUR 69,447.67
LIABILITIES EUR 4,220,893.80
Shareholders' equity EUR 373,301.38
Capital EUR 51,130.00
Subscribed capital
(share capital) EUR 51,130.00
Balance sheet profit/loss
(+/-) EUR 322,171.38
Profit / loss brought
forward EUR 260,269.58
Annual surplus / annual
deficit EUR 61,901.80
Provisions EUR 98,391.90
Liabilities EUR 3,749,200.52
Other liabilities EUR 3,749,200.52
Unspecified other
liabilities EUR 3,749,200.52
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.21 |
|
|
1 |
Rs.101.05 |
|
Euro |
1 |
Rs.83.33 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.