|
Report Date : |
12.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
HAPPY
- RAIN WURFLINGSDOBLER GMBH |
|
|
|
|
Registered Office : |
Industriestr.
9, D 84359 Simbach |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.05.2013 |
|
|
|
|
Date of Incorporation : |
17.11.1987 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
Manufacture of other wearing apparel
and accessories n.e.c. |
|
|
|
|
No of Employees : |
70 |
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 – 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 |
Happy -
Rain Würflingsdobler GmbH
Industriestr.
9
D 84359
Simbach
Telephone:08571/9119-0
Telefax: 08571/9119-20
Homepage: www.happy-rain.de
E-mail: happy-rain@happy-rain.de
Active
DE129261143
113/290/30077
Business
relations are permissible.
LEGAL
FORM Private limited company
Date of foundation: 17.11.1987
Shareholders'
agreement: 17.11.1987
Registered on: 04.01.1988
Commercial Register: Local court 84028 Landshut
under: HRB
2299
Share capital: EUR 1,100,000.00
Shareholder:
Klaus Würflingsdobler
Passauer Str. 33
D 84359 Simbach
born: 17.04.1956
Share: EUR 550,000.00
Shareholder:
Ilse Maria
Würflingsdobler
Passauer Str. 33
D 84359 Simbach
born: 17.04.1956
Share: EUR 550,000.00
Manager:
Klaus Würflingsdobler
Passauer Str. 33
D 84359 Simbach
born: 17.04.1956
Profession: Businessman
Marital status: married
Proxy:
Ilse Maria
Würflingsdobler
Passauer Str. 33
D 84359 Simbach
born: 17.04.1956
Marital status: married
Further functions/participations of
Klaus Würflingsdobler (Manager)
Proprietor:
Klaus Würflingsdobler
Industriestr. 9
D 84359 Simbach
Legal form: Unregistered
commercial
enterprise
General partner:
Klaus Würflingsdobler,
Ilse Maria
Würflingsdobler
Au 1
D 84359 Simbach
Legal form: Partnership
under the Civil Code
Limited partner:
Würflingsdobler Besitz
GmbH & Co. KG
Industriestr. 11
D 84359 Simbach
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 6,000.00
contribution:
Share: EUR 6,000.00
Registered
on: 22.10.2008
Reg. data: 84028 Landshut, HRA 9732
Shareholder:
Würflingsdobler Verwaltungs GmbH
Industriestr. 11
D 84359 Simbach
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 20.10.2008
Reg. data: 84028 Landshut, HRB 7598
Manager:
Würflingsdobler
Verwaltungs GmbH
Industriestr. 11
D 84359 Simbach
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 20.10.2008
Reg. data: 84028 Landshut, HRB 7598
Main industrial sector
14190
Manufacture of other wearing apparel and accessories n.e.c.
Payment experience: within periods customary in this trade
Negative information: We have no negative information at hand.
The maximum
credit is our recommendation for
the maximum
credit limit for the inquired company.
Balance
sheet year: 2012/2013
Type of ownership: Tenant
Address Industriestr.
9
D 84359 Simbach
Real Estate of: Klaus Würflingsdobler
Type of ownership: proprietor
Share: 100.00 %
Address Passauer Str. 33
D 84359 Simbach
Land register documents were not available.
VR-BANK ROTTAL-INN, 84359 SIMBACH A. INN
Sort. code: 74061813
BIC: GENODEF1PFK
Gross profit or loss: 2011/2012
EUR 10,621,688.00
2012/2013 EUR 10,179,998.00
Profit: 2011/2012 EUR 1,496,442.00
2012/2013 EUR 1,518,180.00
further business figures:
Equipment: EUR
815,593.00
Ac/ts receivable: EUR
4,319,399.00
Liabilities: EUR
3,091,884.00
Employees:
70
Balance sheet ratios 01.06.2012 - 31.05.2013
Equity ratio [%]: 85.48
Liquidity ratio: 10.00
Return on total capital [%]: 9.62
Balance sheet ratios 01.06.2011 - 31.05.2012
Equity ratio [%]: 56.80
Liquidity ratio: 8.62
Return on total capital [%]: 7.09
Balance sheet ratios 01.06.2010 - 31.05.2011
Equity ratio [%]: 83.88
Liquidity ratio: 10.00
Return on total capital [%]: 13.77
Balance sheet ratios 01.06.2009 - 31.05.2010
Equity ratio [%]: 44.88
Liquidity ratio: 2.79
Return on total capital [%]: 9.44
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.
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.
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: 01.06.2012 - 31.05.2013
ASSETS EUR 15,788,598.58
Fixed assets
EUR 872,697.00
Intangible assets
EUR 601.00
Other / unspecified intangible assetsEUR 601.00
Tangible assets
EUR 871,896.00
Land / similar rights
EUR 31,260.00
Plant / machinery
EUR 25,043.00
Other tangible assets / fixtures and
fittings
EUR 815,593.00
Financial assets
EUR 200.00
Other / unspecified financial assets EUR 200.00
Current assets
EUR 14,798,187.50
Stocks
EUR 5,412,017.92
Accounts receivable
EUR 4,319,399.25
Liquid means
EUR 5,066,770.33
Remaining other assets
EUR 117,714.08
Accruals (assets)
EUR 117,714.08
LIABILITIES EUR 15,788,598.58
Shareholders' equity
EUR 11,455,760.01
Capital
EUR 1,100,000.00
Subscribed capital (share capital)
EUR 1,100,000.00
Balance sheet profit/loss (+/-)
EUR 10,355,760.01
Profit / loss brought forward
EUR 8,837,580.12
Annual surplus / annual deficit
EUR 1,518,179.89
Provisions
EUR 1,240,954.47
Liabilities
EUR 3,091,884.10
Guarantees and other commitments
EUR 176,000.00
Guarantees / warranties
EUR 176,000.00
Guarantees
EUR 176,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Gross result (+/-)
EUR 10,179,998.16
Staff expenses
EUR 2,941,902.57
Wages and salaries
EUR 2,546,414.13
Social security contributions and
expenses for pension plans and
benefits
EUR 395,488.44
Total depreciation
EUR 227,625.42
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 227,625.42
Other operating expenses
EUR 4,681,094.61
Operating result from continuing
operations
EUR 2,329,375.56
Result from participating interests
(+/-)
EUR 2.95
Expenses / income from participations EUR 2.95
Income from related companies
EUR 2.95
Interest result (+/-)
EUR -173,350.80
Interest and similar income
EUR 19,885.73
Interest and similar expenses
EUR 193,236.53
Financial result (+/-)
EUR -173,347.85
Result from ordinary operations (+/-)
EUR 2,156,027.71
Income tax / refund of income tax (+/-)EUR -633,005.02
Other taxes / refund of taxes
EUR -4,842.80
Tax (+/-)
EUR -637,847.82
Annual
surplus / annual deficit EUR 1,518,179.89
Type of balance sheet: Company balance sheet
Financial year: 01.06.2011 - 31.05.2012
ASSETS EUR 21,096,619.27
Fixed assets
EUR 1,025,607.00
Intangible assets
EUR 3,833.00
Other / unspecified intangible assetsEUR 3,833.00
Tangible assets
EUR 1,021,574.00
Land / similar rights
EUR 36,508.00
Plant / machinery
EUR 24,839.00
Other tangible assets / fixtures and
fittings
EUR 960,227.00
Financial assets
EUR 200.00
Other / unspecified financial assets EUR 200.00
Current assets
EUR 19,896,321.66
Stocks
EUR 8,692,988.77
Accounts receivable
EUR 3,539,831.42
Other debtors and assets
EUR 3,539,831.42
Liquid means
EUR 7,663,501.47
Remaining other assets
EUR 174,690.61
Accruals (assets)
EUR 174,690.61
LIABILITIES EUR 21,096,619.27
Shareholders' equity
EUR 9,937,580.12
Capital EUR
1,100,000.00
Subscribed capital (share capital)
EUR 1,100,000.00
Balance sheet profit/loss (+/-)
EUR 8,837,580.12
Profit / loss brought forward
EUR 7,341,138.46
Annual surplus / annual deficit
EUR 1,496,441.66
Provisions
EUR 1,038,551.33
Liabilities
EUR 10,120,487.82
Financial debts
EUR 6,893,374.83
Liabilities due to banks
EUR 6,893,374.83
Other liabilities
EUR 3,227,112.99
Unspecified other liabilities
EUR 3,227,112.99
PROFIT AND
LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 10,621,688.17
Staff expenses
EUR 2,842,602.27
Wages and salaries
EUR 2,484,570.59
Social security contributions and
expenses for pension plans and
benefits
EUR 358,031.68
Total depreciation
EUR 225,313.68
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 225,313.68
Other operating expenses
EUR 5,248,689.06
Operating result from continuing
operations
EUR 2,305,083.16
Result from participating interests
(+/-)
EUR 4.42
Expenses / income from participations EUR 4.42
Income from related companies
EUR 4.42
Interest result (+/-)
EUR -178,775.86
Interest and similar income
EUR 27,116.26
Interest and similar expenses
EUR 205,892.12
Financial result (+/-)
EUR -178,771.44
Result from ordinary operations (+/-) EUR
2,126,311.72
Income tax / refund of income tax (+/-)EUR -624,634.87
Other taxes / refund of taxes
EUR -5,235.19
Tax (+/-)
EUR -629,870.06
Annual surplus / annual deficit
EUR 1,496,441.66
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 60.26 |
|
|
1 |
Rs. 101.09 |
|
Euro |
1 |
Rs. 83.73 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
DPT |
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.