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Report Date : |
02.12.2014 |
IDENTIFICATION DETAILS
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Name : |
MB LEDERWAREN-IMPORTE GESELLSCHAFT
MITBESCHRÄNKTER HAFTUNG |
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Registered Office : |
Harkortstr. 15, D 59379 Selm |
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Country : |
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Financials (as on) : |
31.12.2013 |
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Year of Establishments : |
1964 |
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Com. Reg. No.: |
HRB 17524 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Engaged
as Wholesaler of leather goods, luggage, giftware and advertising articles Engaged as Trader of bags of leather and
synthetic materials which includes belts, wallets & luggage |
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No of Employees : |
14 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 |
MB Lederwaren-Importe Gesellschaft mitbeschränkter Haftung
Harkortstr. 15
D 59379 Selm
Telephone: 02592/97420
Telefax: 02592/974299
Homepage: www.mb-lederwaren.de
E-mail: info@mb-lederwaren.de
DE125861257
active
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 1964
Registered on: 27.10.1980
Commercial Register: Local
court 44135 Dortmund
under: HRB 17524
Share capital:
EUR 153,387.56
Ansgar Böhmer
Otto-Hahn-Str. 5
D 59379 Selm
born: 17.07.1941
Share: EUR 76,693.78
Shareholder:
Michael Böhmer
Herschkamp
8
D
59379 Selm
born:
26.02.1967
Share: EUR 76,693.78
Michael Böhmer
Herschkamp 8
D 59379 Selm
having sole power of representation
born: 26.02.1967
Achim Ludwig Boese
D 59379 Selm
authorized to jointly represent the company
27.10.1980 - 15.10.1996 MB Lederwaren-Importe Gesellschaft
mit
beschränkter Haftung
Otto-Hahn-Str. 3
D 59379 Selm
Private limited
company
·
Engaged
as Wholesaler of leather goods, luggage, giftware and advertising articles
Engaged as Trader of bags of leather and
synthetic materials which includes belts, wallets & luggage
Payment experience: within agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2013
Type of ownership: proprietor
Share: 100.00 %
Address Harkortstr. 15
D
59379 Selm
Type of real estate: works
Size: 1,500.00 sq.m
Residential floor 3,000.00 sq.m
space/ Usable floor
space:
Land register documents
were not available.
SPARKASSE WESTMÜNSTERLAND, 59335 LÜDINGHAUSEN
Sort. code: 40154530
BIC: WELADE3WXXX
Turnover: 2012 EUR 4,500,000.00
2013 EUR
Expected turnover: EUR 5,000,000.00
further business figures:
Ac/ts receivable: EUR 344,823.00
Liabilities: EUR 959,341.00
Employees:
14
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 18.68
Liquidity ratio: 0.39
Return on total capital [%]: 6.42
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 13.17
Liquidity ratio: 0.33
Return on total capital [%]: 1.91
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 10.60
Liquidity ratio: 0.38
Return on total capital [%]: 1.64
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 8.92
Liquidity ratio: 0.45
Return on total capital [%]: 0.91
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: 01.01.2013 - 31.12.2013
ASSETS EUR 1,574,603.05
Fixed assets
EUR 294,494.31
Intangible assets
EUR 7,237.00
Tangible assets EUR 287,257.31
Current assets
EUR 1,265,500.22
Stocks
EUR 848,154.81
Accounts receivable
EUR 344,822.86
Liquid means EUR 72,522.55
Remaining other assets
EUR 14,608.52
Accruals (assets)
EUR 14,608.52
LIABILITIES EUR 1,574,603.05
Shareholders'
equity EUR 297,108.86
Capital
EUR 153,387.56
Subscribed capital (share capital)
EUR 153,387.56
Balance sheet profit/loss (+/-)
EUR 143,721.30
Balance sheet profit / loss
EUR 143,721.30
Provisions
EUR 311,970.31
Liabilities
EUR 959,340.77
Other liabilities
EUR 6,183.11
Deferred taxes (not included under
provisions/liabilities)
EUR 6,183.11
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 1,461,929.82
Fixed assets
EUR 271,857.31
Intangible assets
EUR 8,531.00
Other / unspecified intangible assetsEUR 8,531.00
Tangible assets
EUR 263,326.31
Other / unspecified tangible assets
EUR 263,326.31
Current assets
EUR 1,179,410.68
Stocks
EUR 851,763.28
Accounts receivable
EUR 326,774.43
Other debtors and assets
EUR 326,774.43
Liquid means
EUR 872.97
Remaining other assets
EUR 10,661.83
Accruals (assets)
EUR 10,661.83
LIABILITIES EUR 1,461,929.82
Shareholders' equity
EUR 196,237.31
Capital EUR 153,387.56
Subscribed capital (share capital)
EUR 153,387.56
Balance sheet profit/loss (+/-)
EUR 42,849.75
Balance sheet profit / loss
EUR 42,849.75
Provisions EUR 285,217.01
Liabilities
EUR 980,475.50
Other liabilities
EUR 980,475.50
Unspecified other liabilities
EUR 980,475.50
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.14 |
|
UK Pound |
1 |
Rs.97.05 |
|
Euro |
1 |
Rs.77.37 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
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|
|
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Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
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 |
|
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 |
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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 |
|
<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.