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Report Date : |
16.04.2014 |
IDENTIFICATION DETAILS
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Name : |
TASCHENKULT GMBH |
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Registered Office : |
Breite Str. 118-120, D 50667 Köln |
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Country : |
Germany |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
07.07.2005 |
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Com. Reg. No.: |
HRB 55862 |
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Legal Form : |
Private limited company |
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Line of Business : |
Wholesale of other household goods |
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No. of Employees |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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 |
TASCHENKULT GmbH
Breite Str. 118-120
D 50667 Köln
Telephone: 0221/8004141
Telefax: 0221/8004143
Homepage: www.taschenkult.de
E-mail: info@taschenkult.de
DE243801452
215/5841/1352
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 07.07.2005
Shareholders' agreement: 07.07.2005
Registered on: 12.08.2005
Commercial Register: Local court 50939 Köln
under: HRB
55862
Share capital: EUR 25,000.00
Katja
Alexandra von der Gathen
Hammerschmidtstr.
104
D 50999
Köln
born:
18.10.1969
née:
Kuhn
Share: EUR 25,000.00
Rolf
Georg Steinberger
Hauptstr.
52
D 50996
Köln
having
sole power of representation
born:
22.09.1960
Profession:
Fully qualified merchant
Marital
status: married
Negative
remark(s) regarding
Rolf
Georg Steinberger
Debt
collection monitoring:
Amount last entry:
1 07.12.2005
EUR 8,469.33
Main industrial sector
4649
Wholesale of other household goods
47722
Retail sale of leatheware and baggage
70220
Business and other management consultancy activities
Branch:
TASCHENKULT GmbH
Jahnstr. 8
D 97525 Schwebheim
Payment experience: within periods customary in this trade
Negative information:Negative information is
known to us. We refer you to the legal form data.
Balance sheet year: 2012
The depth of balance sheet suggests that the
company, as a
so-called micro-entity in accordance with art.
267a German
Commercial Code, has availed itself of the
facilitations of the
German Micro-Entities Amending Account Law
(MicBilG) This is why
it is possible that the resultant reduction of
the depth of
presentation in the annual accounts may entail
deviating
calculation methods of the respective balance
sheet ratios and
thus to an altered Solvency Rating [NG] and/or
balance sheet
grade.
Type of ownership: Tenant
Address Breite Str. 118-120
D 50667 Köln
Real Estate of: Katja Alexandra von der Gathen
Type of ownership: unknown
Address Hammerschmidtstr. 104
D 50999 Köln
Real Estate of: Rolf Georg Steinberger
Type of ownership: Tenant
Address Hauptstr. 52
D 50859 Köln
Land register documents were not available.
A bank connection is unknown.
Turnover: 2012 EUR 375,000.00
2013 *EUR 375,000.00
further business figures:
Equipment: EUR 718.00
Ac/ts receivable: *EUR 42,500.00
Liabilities: EUR 81,027.00
Employees: 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(1)
Equity ratio [%]: -3.43
Liquidity ratio: 0.96
Return on total capital [%]: 8.82
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: -1.25
Liquidity ratio: 0.67
Return on total capital [%]: -5.88
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 66.66
Liquidity ratio: 10.00
Return on total capital [%]: 7.98
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 1.48
Liquidity ratio: 0.94
Return on total capital [%]: -23.75
(1) The depth of balance sheet suggests that
the company, as a
so-called micro-entity in accordance with art.
267a German
Commercial Code, has availed itself of the
facilitations of the
German Micro-Entities Amending Account Law
(MicBilG) This is why
it is possible that the resultant reduction of
the depth of
presentation in the annual accounts may entail
deviating
calculation methods of the respective balance sheet
ratios and
thus to an altered Solvency Rating [NG] and/or
balance sheet
grade.
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: micro balance sheet
Financial year: 01.01.2012 - 31.12.2012 (2)
ASSETS EUR 88,577.63
Fixed assets
EUR 717.99
Current assets
EUR 87,859.64
Accounts receivable
EUR 0.00
thereof total due from shareholders
EUR 10,746.06
LIABILITIES EUR 88,577.63
Shareholders' equity
EUR 7,551.13
Liabilities
EUR 81,026.50
thereof total due to shareholders
EUR 527.01
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 19,807.12
Fixed assets
EUR 207.00
Tangible assets
EUR 157.00
Other tangible assets / fixtures and
fittings
EUR 157.00
Financial assets
EUR 50.00
Other loans
EUR 50.00
Current assets
EUR 18,717.06
Stocks
EUR 5,293.40
Finished goods / work in progress
EUR 5,293.40
Accounts receivable
EUR 11,733.76
thereof total due from shareholders EUR 21.50
Trade debtors
EUR 5,125.13
Other debtors and assets
EUR 6,608.63
Liquid means
EUR 1,689.90
Remaining other assets
EUR 883.06
Deficit not covered by shareholders'
equity
EUR 883.06
LIABILITIES EUR 19,807.12
Shareholders'
equity EUR 0.00
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR -25,883.06
Profit / loss brought forward
EUR -24,770.85
Annual surplus / annual deficit
EUR -1,112.21
Other shareholders' equity (+/-)
EUR 883.06
Deficit not covered by shareholders'
equity
EUR 883.06
Liabilities
EUR 19,807.12
thereof total due to shareholders
EUR 668.11
Other liabilities
EUR 19,807.12
Trade creditors (for IAS incl. bills
of exchange)
EUR 1,678.08
Unspecified other liabilities
EUR 18,129.04
thereof liabilities from tax /
financial authorities EUR 2,519.80
thereof liabilities from social
security
EUR 1,962.30
(2)
The abbreviated depth of presentation of the annual accounts
may
be atributed to application of regulations within the German
Micro-Entities Amending Accounting Law.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.26 |
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|
1 |
Rs.100.70 |
|
Euro |
1 |
Rs.83.27 |
INFORMATION DETAILS
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Analysis Done by
: |
SUB |
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Report Prepared
by : |
PDT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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|
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 |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
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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.