|
Report Date : |
29.04.2014
|
IDENTIFICATION DETAILS
|
Name : |
TRENDBROKER
FASHION GMBH |
|
|
|
|
Registered Office : |
Willy-Brandt-Allee
31b D 23554 Lübeck |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
19.05.2006 |
|
|
|
|
Legal Form : |
Private
limited company |
|
|
|
|
Line of Business : |
·
Manufacture
of made-up textiles ·
Manufacture
of other wearing apparel and accessories |
|
|
|
|
No. of Employees |
03 |
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
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 |
TRENDBROKER FASHION GMBH
Company Status: active
Willy-Brandt-Allee 31b
D 23554 Lübeck
Telephone:0451/20083-53
Telefax: 0451/20083-55
Homepage: www.trendbroker.com
E-mail: ralf@trendbroker.com
Trade name: Media
Docks
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 12.01.2004
Shareholders'
agreement: 12.01.2004
Registered on: 19.05.2006
Commercial Register: Local court 23568 Lübeck
under: HRB 6754 HL
Share capital: EUR 25,000.00
Shareholder:
Ralf Schulte
D 23552 Lübeck
born: 20.09.1965
Share: EUR 25,000.00
Manager:
Ralf Schulte
D 23552 Lübeck
having sole power of representation
born: 20.09.1965
12.01.2004 - 27.09.2005 trendbroker fashion GmbH (HRB 90038, AG
HH, 15.03.04)
Modering 1
D 22457 Hamburg
Private limited
company
Sectors
13920
Manufacture of made-up textiles (except apparel)
14190 Manufacture of other wearing apparel and
accessories
n.e.c.
4616 Agents involved in the sale of textiles,
apparel,
footwear and leatherware
4751 Retail sale of textiles
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
BALANCE SHEET YEAR: 2012
Type of ownership: Tenant
Address Willy-Brandt-Allee
31b
D 23554 Lübeck
Land register documents were not available.
COMMERZBANK, 23547 LÜBECK
Sort. code: 23040022
BIC: COBADEFF230
Turnover: 2013 *EUR
378,000.00
Equipment: *EUR 27,000.00
Ac/ts receivable: EUR
249,872.00
Liabilities: EUR 481,569.00
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
Equity ratio [%]: 23.27
Liquidity ratio: 1.52
Return on total capital [%]: 2.59
Balance sheet grade: 2.9
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 67.01
Liquidity ratio: 9.94
Return on total capital [%]: 13.93
Balance sheet grade: 1.1
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 21.00
Liquidity ratio: 0.75
Return on total capital [%]: -8.34
Balance sheet grade: 3.9
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 21.07
Liquidity ratio: 1.98
Return on total capital [%]: 16.12
Balance sheet grade: 2.2
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 780,047.05
Fixed assets EUR 53,452.00
Intangible assets EUR 549.00
Tangible assets EUR 52,903.00
Current assets EUR 726,419.59
Stocks EUR 158,840.92
Accounts receivable EUR 249,872.04
Liquid means EUR 317,706.63
Remaining other
assets EUR 175.46
Accruals (assets) EUR 175.46
LIABILITIES EUR 780,047.05
Shareholders' equity EUR 181,724.71
Capital EUR 25,000.00
Subscribed capital
(share capital) EUR 25,000.00
Balance sheet profit/loss
(+/-) EUR 156,724.71
Balance sheet profit /
loss EUR 156,724.71
Provisions EUR 116,753.50
Liabilities EUR 481,568.84
TYPE OF BALANCE SHEET: COMPANY BALANCE SHEET
FINANCIAL YEAR: 01.01.2011
- 31.12.2011
ASSETS EUR 475,400.89
Fixed assets EUR 60,355.00
Intangible assets EUR 1.00
Other / unspecified
intangible assetsEUR
1.00
Tangible assets EUR 60,354.00
Other / unspecified
tangible assets EUR 60,354.00
Current assets EUR 414,302.60
Stocks EUR 94,797.91
Accounts receivable EUR 240,831.53
Other debtors and
assets EUR 240,831.53
Liquid means EUR 78,673.16
Remaining other
assets EUR 743.29
Accruals (assets) EUR 743.29
LIABILITIES EUR 475,400.89
Shareholders' equity EUR 161,494.04
Capital EUR 25,000.00
Subscribed capital
(share capital) EUR 25,000.00
Balance sheet profit/loss
(+/-) EUR 136,494.04
Balance sheet profit /
loss EUR 136,494.04
Provisions EUR 53,914.25
Liabilities EUR 259,992.60
Other liabilities EUR 259,992.60
Unspecified other
liabilities EUR 259,992.60
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.50 |
|
|
1 |
Rs.101.69 |
|
Euro |
1 |
Rs.83.62 |
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.