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Report Date : |
08.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
CMD GMBH |
|
|
|
|
Registered Office : |
Beerenhuk 2, D 46499 Hamminkeln |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
01.04.2000 |
|
|
|
|
Com. Reg. No.: |
HRB 11716 |
|
|
|
|
Legal Form : |
Private Limited Company |
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|
|
|
Line of Business : |
·
Wholesaler
of textiles ·
Retail
sale of textiles |
|
|
|
|
No. of Employees : |
Not Available |
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 |
|
|
|
|
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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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 |
CMD GmbH
Beerenhuk 2
D 46499 Hamminkeln
Telephone: 02852/711830
Telefax: 02852/711832
active
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 01.04.2000
Shareholders'
agreement: 03.01.2003
Registered on: 17.02.2003
Commercial Register: Local
court 47051 Duisburg
under: HRB 11716
Share capital:
EUR 25,000.00
Elisabeth Hildegard Kindt
Krechtinger Str. 37
D 46499 Hamminkeln
née: Schmänk
Share: EUR 25,000.00
Elisabeth Hildegard Kindt
Krechtinger Str. 37
D 46499 Hamminkeln
having sole power of representation
née: Schmänk
Profession: Businessman
01.04.2000 - 2001 Elisabeth Hildegard Kindt
D 46499 Hamminkeln
Unregistered
commercial enterprise
17.02.2003 - 2006 CMD GmbH
Rheder Str. 9
D 46499 Hamminkeln
Private limited
company
Main industrial sector
·
4641 Wholesale of textiles
·
4751 Retail sale of textiles
Payment experience: within
agreed terms
Negative information: We
have no negative information at hand.
Balance sheet year: 2012
Type of ownership: Tenant
Address Beerenhuk 2
D 46499 Hamminkeln
Land register documents were not available.
VOLKSBANK RHEIN-RUHR, DUISBURG
Sort. code: 35060386, BIC: GENODED1VRR
Profit: 2012 EUR 133,770.00
Ac/ts receivable: EUR 2,110,199.00
Liabilities: EUR 1,781,148.00
The
number of employees is not known.
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 30.91
Liquidity ratio: 1.31
Return on total capital [%]: 4.85
Balance sheet grade: 2.6
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 33.77
Liquidity ratio: 1.24
Return on total capital [%]: 2.52
Balance sheet grade: 2.6
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 24.10
Liquidity ratio: 1.41
Return on total capital [%]: 5.93
Balance sheet grade: 2.7
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 27.00
Liquidity ratio: 1.39
Return on total capital [%]: 3.04
Balance sheet grade: 2.9
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 2,767,387.05
Fixed assets EUR 168,824.00
Intangible assets
EUR 15,647.00
Tangible assets
EUR 153,177.00
Current assets
EUR 2,595,180.53
Stocks EUR 311,765.94
Accounts receivable
EUR 2,110,198.94
Liquid means
EUR 173,215.65
Remaining other assets
EUR 3,382.52
Accruals (assets) EUR 3,382.52
LIABILITIES EUR 2,767,387.05
Shareholders' equity
EUR 860,838.08
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR 835,838.08
Profit / loss brought forward
EUR 702,068.01
Annual surplus / annual deficit
EUR 133,770.07
Provisions
EUR 125,401.00
Liabilities
EUR 1,781,147.97
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 2,134,355.77
Fixed assets
EUR 187,311.19
Intangible assets
EUR 19,039.00
Other / unspecified intangible assetsEUR 19,039.00
Tangible assets
EUR 168,272.19
Other / unspecified tangible assets
EUR 168,272.19
Current assets
EUR 1,909,948.91
Stocks EUR 374,522.94
Accounts receivable
EUR 1,097,068.21
Other debtors and assets
EUR 1,097,068.21
Liquid means
EUR 438,357.76
Remaining other assets
EUR 37,095.67
Accruals (assets)
EUR 37,095.67
LIABILITIES EUR 2,134,355.77
Shareholders' equity
EUR 727,068.01
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR 702,068.01
Profit / loss brought forward
EUR 648,524.74
Annual surplus / annual deficit
EUR 53,543.27
Provisions
EUR 87,676.62
Liabilities
EUR 1,319,611.14
Other liabilities
EUR 1,319,611.14
Unspecified other liabilities
EUR 1,319,611.14
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.32 |
|
UK Pound |
1 |
Rs.101.78 |
|
Euro |
1 |
Rs.84.68 |
INFORMATION DETAILS
|
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.