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Report Date : |
01.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
GRADA-TEXTIL GMBH EUROPEAN TEXTILE
CONTOR |
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|
|
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Registered Office : |
Lenenweg 10, D
47918 Tönisvorst |
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|
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Country : |
Germany |
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|
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
23.01.1985 |
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|
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Wholesaler of
textiles ·
Wholesaler of
clothing |
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|
|
|
No of Employees : |
23 |
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 |
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|
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Payment Behaviour : |
No Complaints |
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|
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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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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, contributed to
strong growth in 2006 and 2007 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 6.5% in 2012. GDP contracted
5.1% in 2009 but grew by 4.2% in 2010, and 3.0% in 2011, before dipping to 0.7%
in 2012 - a reflection of low investment spending due to crisis-induced
uncertainty and the decreased demand for German exports from recession-stricken
periphery countries. 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. 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. By 2014, the federal
government wants to balance its budget. 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 |
GRADA-TEXTIL GmbH European Textile
Contor
Lenenweg 10
D 47918
Tönisvorst
Telephone:02151/820860
Telefax: 02151/8208670
Homepage:
www.eurotex.de
E-mail: email@eurotex.de
Active
DE119996341
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation:
23.01.1985
Shareholders'
agreement:
23.01.1985
Registered on:
18.07.1991
Commercial Register: Local court 47798 Krefeld
under:
HRB 9264
EUR 30,000.00
Hans Jürgen
Friedrich Karl Adamski
Lenenweg 10
D 47918
Tönisvorst
Born: 06.05.1952
Share: EUR 30,000.00
Hans Jürgen Friedrich
Karl Adamski
Lenenweg 10
D 47918
Tönisvorst
Having sole power
of representation
Born: 06.05.1952
Further
functions/participations of Hans Jürgen Friedrich Karl Adamski Manager)General
partner:
GT-Holding &
Verwaltungs-KG
Lenenweg 10
D 47918 Tönisvorst
Legal form:
Limited partnership
Total cap.
contribution: EUR 3,000.00
Registered
on: 29.07.2009
Reg. data: 47798 Krefeld, HRA 5876
Inter Tropic
Textilhandels-,
Reisevermittlungs-
und Immobilien GmbH
Lenenweg 10
D 47918
Tönisvorst
Legal form:
Private limited company
Share
capital: EUR 55,000.00
Share: EUR 25,000.00
Registered
on: 06.03.1992
Reg. data: 47798 Krefeld, HRB 9292
18.07.1991 - 30.03.1998
GRADA-TEXTIL GmbH Import - Export - Vertrieb
Lenenweg 10
D 47918
Tönisvorst
Private
limited company
Main industrial
sector
46410
Wholesale of textiles
46421 Wholesale of clothing
Payment experience: Within agreed terms
Negative information: We have no negative information at hand.
Balance sheet
year: 2012
Type of
ownership: proprietor
Share: 100.00 %
Address Lenenweg 10
D 47918
Tönisvorst
Land register documents were not available.
Principal bank
DEUTSCHE BANK,
WILLICH
Sort. code:
32070080, BIC: DEUTDEDD320
Turnover: 2012 EUR 8,250,000.00
Profit: 2012 EUR 33,793.00
Equipment: EUR 15,000.00
Ac/ts receivable: EUR 1,594,773.00
Liabilities: EUR 1,442,517.00
23
|
Balance sheet
ratios 01.01.2012 - 31.12.2012 |
|
Equity ratio
[%]: 13.32 |
|
Liquidity ratio: 1.13 |
|
Return on total capital [%]: 1.87 |
|
|
|
Balance sheet ratios 01.01.2011 - 31.12.2011 |
|
Equity ratio [%]: 10.96 |
|
Liquidity ratio: 1.09 |
|
Return on total capital [%]: 1.52 |
|
|
|
Balance sheet ratios 01.01.2010 - 31.12.2010 |
|
Equity ratio [%]: 9.78 |
|
Liquidity ratio: 1.01 |
|
Return on total capital [%]: -0.91 |
|
|
|
Balance sheet ratios 01.01.2009 - 31.12.2009 |
|
Equity ratio [%]: 9.46 |
|
Liquidity ratio: 1.06 |
|
Return on total capital [%]: 0.95 |
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.
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.
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.
sheet:
Company balance sheet
Financial year: 01.01.2012 -
31.12.2012
ASSETS EUR 1,807,841.46
Fixed assets EUR 146,218.50
Intangible assets EUR 459.50
Other / unspecified intangible
assetsEUR 459.50
Tangible assets EUR 145,759.00
Other / unspecified tangible assets EUR
145,759.00
Current assets EUR 1,630,255.31
Accounts receivable EUR 1,594,772.82
Other debtors and assets EUR 1,594,772.82
Liquid means EUR 35,482.49
Remaining other assets EUR 31,367.65
Accruals (assets) EUR 31,367.65
LIABILITIES EUR 1,807,841.46
Shareholders' equity EUR 241,062.94
Capital EUR 30,000.00
Subscribed capital (share capital) EUR 30,000.00
Balance sheet profit/loss (+/-) EUR
211,062.94
Profit / loss brought forward EUR 177,269.48
Annual surplus / annual deficit EUR 33,793.46
Provisions EUR 124,261.20
Liabilities EUR 1,442,517.32
Other liabilities EUR 1,442,517.32
Unspecified other liabilities EUR 1,442,517.32
Type
of balance
sheet:
Company balance sheet
Financial year:
01.01.2011 - 31.12.2011
ASSETS EUR 1,886,406.31
Fixed assets EUR 147,148.00
Intangible assets EUR 1,049.00
Other / unspecified intangible
assetsEUR 1,049.00
Tangible assets EUR 146,099.00
Other / unspecified tangible assets EUR
146,099.00
Current assets EUR 1,699,402.55
Accounts receivable EUR 1,606,455.81
Other debtors and assets EUR 1,606,455.81
Liquid means EUR 92,946.74
Remaining other assets EUR 39,855.76
Accruals (assets) EUR 39,855.76
LIABILITIES EUR 1,886,406.31
Shareholders' equity EUR 207,269.48
Capital EUR 30,000.00
Subscribed capital (share capital) EUR 30,000.00
Balance sheet profit/loss (+/-) EUR 177,269.48
Profit / loss brought forward EUR 148,661.49
Annual surplus / annual deficit EUR 28,607.99
Provisions EUR 92,228.62
Liabilities EUR 1,573,408.21
Other liabilities EUR 1,573,408.21
Unspecified other liabilities EUR 1,573,408.21
Other liabilities EUR 13,500.00
Deferrals (liabilities)
EUR 13,500.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 62.47 |
|
|
1 |
Rs. 102.94 |
|
Euro |
1 |
Rs. 84.60 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
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.