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Report Date : |
01.08.2014 |
IDENTIFICATION DETAILS
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Name : |
HEEFA LEDERWAREN
GMBH |
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Registered Office : |
Raiffeisenstr. 13, D 55595 Weinsheim |
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Country : |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
23.04.2009 |
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Com. Reg. No.: |
HRB 20756 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Engaged in Retail sale
of leatheware and baggage |
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No of Employees : |
07 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 – June 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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 |
Heefa Lederwaren GmbH
Raiffeisenstr. 13
D 55595 Weinsheim
Telephone: 06758/9695381
Telefax: 06758/9695383
Homepage: www.heefa.de
E-mail: info@heefa.de
DE265592740
active
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 23.04.2009
Shareholders'
agreement: 23.04.2009
Registered on: 29.05.2009
Commercial Register: Local
court 55543 Bad Kreuznach
under: HRB 20756
Share capital: EUR 50,000.00
Maximilian Wickert
Im Lindengarten 4
D 55595 Burgsponheim
born: 10.11.1986
Share: EUR 50,000.00
Maximilian Wickert
Im Lindengarten 4
D 55595 Burgsponheim
having sole power of representation
born: 10.11.1986
Marital status: unknown
29.05.2009 - 01.05.2012
Heefa Lederwaren GmbH
Brunnenstr. 2
D 55596 Waldböckelheim
Private limited company
Main industrial sector
47722 Retail sale of
leatheware and baggage
Payment experience: within
agreed terms
Negative information: We
have no negative information at hand.
Balance sheet year: 2012
Type of ownership: Tenant
Address Raiffeisenstr. 13
D 55595 Weinsheim
Land register documents
were not available.
Principal bank
VOLKSBANK RHEIN-NAHE-HUNSRÜCK, 55543 BAD KREUZNACH
Sort. code: 56090000
BIC: GENODE51KRE
Turnover: 2012 EUR 1,000,000.00
2013 EUR 1,200,000.00
further business figures:
Equipment: *EUR 63,000.00
Ac/ts receivable: EUR 319,522.00
Liabilities: EUR 1,229,393.00
Employees:
7
-
Temporary workers: 1
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 [%]: 7.39
Liquidity ratio: 0.26
Return on total capital [%]: 0.87
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 16.95
Liquidity ratio: 0.82
Return on total capital [%]: 4.53
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 5.21
Liquidity ratio: 1.09
Return on total capital [%]: 1.97
Balance
sheet ratios 23.04.2009 - 31.12.2009
Equity ratio [%]: 4.83
Liquidity ratio: 1.06
Return on total capital [%]: 6.57
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 1,340,304.30
Fixed assets EUR 48,218.00
Tangible assets
EUR 48,218.00
Current assets
EUR 1,281,601.30
Stocks
EUR 961,001.02
Accounts
receivable EUR 319,522.45
Liquid means
EUR 1,077.83
Remaining other assets
EUR 10,485.00
Accruals (assets)
EUR 10,485.00
LIABILITIES EUR 1,340,304.30
Shareholders' equity
EUR 99,080.96
Capital
EUR 50,000.00
Subscribed capital (share capital)
EUR 50,000.00
Balance sheet profit/loss (+/-)
EUR 49,080.96
Balance sheet profit / loss
EUR 49,080.96
Provisions
EUR 11,830.21
Liabilities EUR 1,229,393.13
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 515,542.52
Fixed assets
EUR 36,200.00
Tangible assets
EUR 36,200.00
Other / unspecified tangible assets
EUR 36,200.00
Current assets
EUR 479,342.52
Stocks EUR 137,467.80
Accounts receivable
EUR 341,723.71
Other debtors and assets
EUR 341,723.71
Liquid means
EUR 151.01
LIABILITIES EUR 515,542.52
Shareholders' equity
EUR 87,406.23
Capital
EUR 50,000.00
Subscribed capital (share capital)
EUR 50,000.00
Balance sheet profit/loss (+/-)
EUR 37,406.23
Balance sheet profit / loss
EUR 37,406.23
Provisions
EUR 12,943.50
Liabilities
EUR 415,192.79
Other liabilities
EUR 415,192.79
Unspecified other liabilities
EUR 415,192.79
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.25 |
|
UK Pound |
1 |
Rs.101.92 |
|
Euro |
1 |
Rs.80.70 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
MNL |
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.