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Report Date : |
04.02.2014 |
IDENTIFICATION DETAILS
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Name : |
LEDER FANTASTICO GMBH HANDELSGESELLSCHAFT |
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Registered Office : |
Ingolstädter Str. 45, D 80807 München |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
08.05.2008 |
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Com. Reg. No.: |
HRB 173775 |
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Legal Form : |
Private limited company |
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Line of Business : |
Subject is engaged in the Wholesale
of leather goods, luggage, giftware and advertising articles |
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No. of Employees : |
2 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small company |
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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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Germany |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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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, 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 |
LEDER FANTASTICO GMBH HANDELSGESELLSCHAFT
Company Status: active
Main address: Ingolstädter
Str. 45
D 80807 München
Telephone:089/4704536
Telefax:
089/478457
Homepage:
www.lederfantastico.com
E-mail: info@lederfantastico.de
Legal office: Teisendorfer Str. 5
D 81825 München
VAT no.: DE261264722
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 08.05.2008
Shareholders'
agreement: 08.05.2008
Registered
on: 26.05.2008
Commercial Register: Local court 80333 München
under: HRB
173775
Share capital: EUR 25,000.00
Shareholder:
Kartar Singh
Teisendorfer Str. 5
D 81825 München
born: 29.09.1952
Share: EUR 12,500.00
Shareholder:
Rubi Singh
Teisendorfer Str. 5
D 81825 München
born: 25.09.1979
Share: EUR 12,500.00
Manager:
Kartar Singh
Teisendorfer Str. 5
D 81825 München
having sole power of
representation
born: 29.09.1952
Marital status: married
Manager:
Rubi Singh
Teisendorfer Str. 5
D 81825 München
having sole power of
representation
born: 25.09.1979
Further functions/participations of Kartar
Singh (Manager)
Proprietor:
Kartar Singh
Münchner Str. 42
D 82008 Unterhaching
Legal form: Unregistered
commercial
enterprise
26.05.2008 - 18.12.2012 Leder Fantastico GmbH
Handelsgesellschaft
Teisendorfer Str. 5
D 81825 München
Private limited company
Main
industrial sector
46493
Wholesale of leather goods, luggage, giftware and advertising articles
47722 Retail sale of leatheware and baggage
Payment experience: within periods customary in this trade
Negative information: We have no negative information at hand.
Balance sheet year: 2011
Type of ownership: Tenant
Address Ingolstädter Str. 45
D 80807 München
Land register documents were not available.
DEUTSCHE BANK, MÜNCHEN
Sort.
code: 70070010, BIC: DEUTDEMMXXX
Turnover: 2012 *EUR 265,000.00
2013 *EUR 265,000.00
further business figures:
Equipment: *EUR 16,000.00
Ac/ts receivable: EUR 167,843.00
Liabilities: EUR
263,319.00
Employees:
2
The business figures marked with an asterisk
are estimates based on average values in the line of business.
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: -89.90
Liquidity ratio: 0.03
Return on total capital [%]: 1.56
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 7.04
Liquidity ratio: 1.04
Return on total capital [%]: 8.56
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 42.97
Liquidity ratio: 2.16
Return on total capital [%]: -23.73
Balance sheet ratios 08.05.2008 - 31.12.2008
Equity ratio [%]: 92.76
Liquidity ratio: 10.00
Return on total capital [%]: -16.94
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: 01.01.2011 - 31.12.2011
ASSETS EUR 307,355.23
Fixed assets
EUR 72,976.00
Intangible assets
EUR 7,333.00
Other / unspecified intangible assetsEUR 7,333.00
Tangible assets
EUR 65,643.00
Other / unspecified tangible assets
EUR 65,643.00
Current assets EUR 226,783.97
Stocks
EUR 32,880.00
Accounts receivable
EUR 167,843.17
Other debtors and assets
EUR 167,843.17
Liquid means EUR 26,060.80
Remaining other assets
EUR 7,595.26
Accruals (assets)
EUR 7,595.26
LIABILITIES EUR 307,355.23
Shareholders' equity
EUR 34,380.86
Capital
EUR 12,500.00
Subscribed capital (share capital)
EUR 25,000.00
thereof not yet paid-up capital
EUR 25,000.00
thereof called
EUR 12,500.00
thereof uncalled outstanding
contributions
EUR 12,500.00
Balance sheet profit/loss (+/-)
EUR 21,880.86
Profit / loss brought forward
EUR 19,633.27
Annual surplus / annual deficit
EUR 2,247.59
Provisions
EUR 9,655.24
Liabilities
EUR 263,319.13
Other liabilities
EUR 263,319.13
Unspecified other liabilities
EUR 263,319.13
Type of
balance sheet: Company
balance sheet
Financial
year: 01.01.2010 - 31.12.2010
ASSETS EUR 264,543.12
Fixed assets
EUR 10,807.00
Intangible assets
EUR 9,333.00
Other / unspecified intangible assetsEUR 9,333.00
Tangible assets
EUR 1,474.00
Other / unspecified tangible assets
EUR 1,474.00
Current assets
EUR 253,736.12
Stocks
EUR 15,160.00
Accounts receivable
EUR 205,029.77
Other debtors and assets
EUR 205,029.77
Liquid means
EUR 33,546.35
LIABILITIES EUR 264,543.12
Shareholders' equity
EUR 32,133.27
Capital
EUR 12,500.00
Subscribed capital (share capital)
EUR 25,000.00
thereof not yet paid-up capital EUR 25,000.00
thereof called
EUR 12,500.00
thereof uncalled outstanding
contributions
EUR 12,500.00
Balance sheet profit/loss (+/-)
EUR 19,633.27
Profit / loss brought forward
EUR -1,763.71
Annual surplus / annual deficit
EUR 21,396.98
Provisions
EUR 11,935.69
Liabilities
EUR 220,474.16
Other liabilities
EUR 220,474.16
Unspecified other liabilities
EUR 220,474.16
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.69 |
|
|
1 |
Rs.102.97 |
|
Euro |
1 |
Rs.84.58 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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 |
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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.