MIRA INFORM REPORT

 

 

Report Date :

12.12.2014

 

IDENTIFICATION DETAILS

 

Name :

HUSS PARK ATTRACTIONS GMBH

 

 

Registered Office :

Emil-Sommer-Str. 4-6B D 28329 Bremen Post Box:11 02 06, D 28082 Bremen

 

 

Country :

Germany

 

 

Financials (as on) :

30.04.2013

 

 

Date of Incorporation :

20.07.2006

 

 

Legal Form :

Private limited company

 

 

Line of Business :

Wholesale of machine tools

 

 

No. of Employees :

18

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

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 – September 30, 2014

 

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

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

Company name and address

 

HUSS PARK ATTRACTIONS GMBH

 

Company Status:            active

Emil-Sommer-Str. 4-6

D 28329 Bremen

Post Box:

11 02 06, D 28082 Bremen

Telephone:0421/49900-0

Telefax:  0421/49900-70

Homepage: www.hussrides.com

E-mail:   sales@hussrides.com

 

VAT no.:                        DE250039541

 

 

COMPANY SUMMARY

 

LEGAL FORM               Private limited company

Date of foundation:         20.07.2006

Shareholders'

agreement:                     20.07.2006

Registered on:                21.07.2006

Commercial Register:     Local court 28195 Bremen

under:                                       HRB 23704 HB

 

Share capital:                          EUR             25,000.00

 

Shareholder:

                     Intereffekten Anstalt

                     FL  Vaduz

                     Legal form: Other legal form

                     Share:             EUR             25,000.00

Manager:

                     Mirko Schulze

                     Frieda-Nadig-Str. 5

                     D 33332 Gütersloh

                     having sole power of representation

                     born: 14.01.1970

 

 

BUSINESS ACTIVITIES

 

Main industrial sector

4662    Wholesale of machine tools

 

 

FINANCIAL INFORMATION

 

Payment experience:  within periods customary in this trade

 

Negative information:We have no negative information at hand.

 

 

BALANCE SHEET YEAR:  2012/2013

 

 

REAL ESTATE

 

Type of ownership:          Tenant

Address                        Emil-Sommer-Str. 4-6

                                     D 28329 Bremen

 

Land register documents were not available.

 

 

BANKERS

 

A bank connection is unknown.

 

 

FINANCIAL FIGURES

 

Turnover:            2011/2012          EUR          3,500,000.00

                     2012/2013         *EUR          3,510,000.00

                     2013/2014         *EUR          3,510,000.00

Profit:              2011/2012          EUR            638,679.00

                     2012/2013          EUR             87,733.00

further business figures:

Equipment:                             *EUR            144,000.00

Ac/ts receivable:                       EUR            975,991.00

Liabilities:                            EUR          2,559,903.00

Employees:                                                     18

 

The business figures marked with an asterisk are estimates based

 on average values in the line of business.

 

 

BALANCE SHEETS

 

Balance sheet ratios 01.05.2012 - 30.04.2013

Equity ratio [%]:                  2.54

Liquidity ratio:                   0.81

Return on total capital [%]:       2.18

 

Balance sheet ratios 01.05.2011 - 30.04.2012

Equity ratio [%]:                  0.13

Liquidity ratio:                   0.70

Return on total capital [%]:       9.81

 

Balance sheet ratios 01.05.2010 - 30.04.2011

Equity ratio [%]:                -13.19

Liquidity ratio:                   1.08

Return on total capital [%]:      13.95

 

Balance sheet ratios 01.05.2009 - 30.04.2010

Equity ratio [%]:                -19.73

Liquidity ratio:                   0.33

Return on total capital [%]:       0.31

 

 

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.

 

FINANCIAL DATA

 

TYPE OF BALANCE SHEET:               COMPANY BALANCE SHEET

 

FINANCIAL YEAR:                                   01.05.2012 - 30.04.2013

 

ASSETS                                  EUR          4,042,942.50

 Fixed assets                           EUR             83,466.00

  Intangible assets                     EUR             38,799.00

   Other / unspecified intangible assetsEUR             38,799.00

  Tangible assets                       EUR             44,667.00

   Other / unspecified tangible assets  EUR             44,667.00

 Current assets                         EUR          3,929,407.93

  Stocks                                EUR          1,602,090.42

  Accounts receivable                   EUR            975,991.04

   Other debtors and assets             EUR            975,991.04

  Liquid means                          EUR          1,351,326.47

 Remaining other assets                 EUR             30,068.57

  Accruals (assets)                     EUR             30,068.57

 

LIABILITIES                             EUR          4,042,942.50

 Shareholders' equity                   EUR            121,591.06

  Capital                               EUR             25,000.00

   Subscribed capital (share capital)   EUR             25,000.00

  Balance sheet profit/loss (+/-)       EUR             96,591.06

   Profit / loss brought forward        EUR              8,858.42

   Annual surplus / annual deficit      EUR             87,732.64

 Provisions                             EUR          1,361,448.15

 Liabilities                            EUR          2,559,903.29

  Other liabilities                     EUR          2,559,903.29

   Unspecified other liabilities        EUR          2,559,903.29

 

 

TYPE OF BALANCE SHEET:               COMPANY BALANCE SHEET

 

FINANCIAL YEAR:                                01.05.2011 - 30.04.2012

 

ASSETS                                  EUR          6,536,340.71

 Fixed assets                           EUR             98,522.00

  Intangible assets                     EUR             50,677.00

   Other / unspecified intangible assetsEUR             50,677.00

  Tangible assets                       EUR             47,845.00

   Other / unspecified tangible assets  EUR             47,845.00

 Current assets                         EUR          6,410,121.96

  Stocks                                EUR          1,846,530.90

  Accounts receivable                   EUR          1,260,587.74

   Trade debtors                        EUR          1,186,878.00

   Other debtors and assets             EUR             73,709.74

  Liquid means                          EUR          3,303,003.32

 Remaining other assets                 EUR             27,696.75

  Accruals (assets)                     EUR             27,696.75

 

LIABILITIES                             EUR          6,536,340.71

 Shareholders' equity                   EUR             33,858.42

  Capital                               EUR             25,000.00

   Subscribed capital (share capital)   EUR             25,000.00

  Balance sheet profit/loss (+/-)       EUR              8,858.42

   Profit / loss brought forward        EUR           -629,820.67

   Annual surplus / annual deficit      EUR            638,679.09

 Provisions                             EUR          1,394,870.61

 Liabilities                            EUR          5,107,611.68

  Other liabilities                     EUR          5,107,611.68

   Unspecified other liabilities        EUR          5,107,611.68

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.62.21

UK Pound

1

Rs.97.80

Euro

1

Rs.77.48

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.