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Report Date : |
19.02.2014 |
IDENTIFICATION DETAILS
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Name : |
OCI
ORIENT-CARPET-IMPORT GMBH IM- UND EXPORT VON ORIENT-TEPPICHEN |
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Registered Office : |
Stockum 2a D 48653 Coesfeld |
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Country : |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
14.03.1994 |
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Legal Form : |
Private
Limited Company |
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Line of Business : |
Wholesale
of textiles |
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|
|
|
No. of Employees : |
15 |
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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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 |
|
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 |
OCI ORIENT-CARPET-IMPORT GMBH IM-
UND EXPORT VON ORIENT-TEPPICHEN
Company Status: active
Stockum 2a
D 48653 Coesfeld
Telephone:02541/84270
Telefax: 02541/8427100
Homepage: www.oci-carpets.de
E-mail: info@oci-carpets.de
VAT no.: DE163339420
Tax ID number: 312/5821/1182
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 15.02.1994
Begin of business
activities: 05.04.2002
Shareholders'
agreement: 15.02.1994
Registered on: 14.03.1994
Commercial Register: Local court 48653
Coesfeld
under: HRB
2795
Share capital: EUR 25,564.59
Shareholder:
Heinrich-Jürgen Deutmeyer
Wiedfeldtstr. 58b
D 45133 Essen
born: 06.05.1949
Share: EUR 25,564.59
Manager:
Heinrich-Jürgen Deutmeyer
Wiedfeldtstr. 58b
D 45133 Essen
born: 06.05.1949
Profession: Businessman
Marital status: married
Further functions/participations of
Heinrich-Jürgen Deutmeyer
(Manager)
Manager:
ART-IMPEX Echte
Teppiche-Antiquitäten-Kunsthandel
Import-Export Großhandel
GmbH
Stockum 2
D 48653 Coesfeld
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 19.11.2003
Reg. data: 48653 Coesfeld, HRB 4324
14.03.1994 - 05.04.2002 OCI Orient-Carpet-Import GmbH Im- und
Export von
Orient-Teppichen
Wiedfeldtstr. 58b
D 45133 Essen
Private limited company
05.04.2002 - 22.11.2002 OCI Orient-Carpet-Import GmbH Im- und
Export von
Orient-Teppichen
Gewerbestr. 2
D 48249 Dülmen
Private limited company
Main industrial sector
46410
Wholesale 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 Stockum 2 a
D 48653 Coesfeld
Real Estate of: Heinrich-Jürgen
Deutmeyer
Type of ownership: proprietor
Share: 100.00 %
Address Wiedfeldtstr.
58b
D 45133 Essen
Type of real estate: owner-occupied flat
Land register documents were not available.
VOLKSBANK BAUMBERGE, 48727 BILLERBECK, WESTF
Sort. code: 40069408
BIC: GENODEM1BAU
Turnover: 2012 EUR 7,500,000.00
Equipment: *EUR
105,000.00
Ac/ts receivable: EUR
1,828,163.00
Liabilities: EUR
5,402,998.00
Employees:
15
The business figures marked with an asterisk
are estimates based
on average values in the line of business.
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 7.56
Liquidity ratio: 0.27
Return on total capital [%]: -1.68
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 7.96
Liquidity ratio: 0.28
Return on total capital [%]: 3.40
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 9.96
Liquidity ratio: 0.28
Return on total capital [%]: 1.74
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 11.24
Liquidity ratio: 0.41
Return on total capital [%]: 3.62
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 6,303,799.98
Fixed assets EUR 276,614.39
Intangible assets EUR
24,842.50
Other / unspecified intangible assets EUR
24,842.50
Tangible assets EUR 251,618.50
Other / unspecified tangible assets EUR 251,618.50
Financial assets EUR
153.39
Other / unspecified financial assets EUR
153.39
Current assets EUR 6,022,962.54
Stocks EUR 4,191,666.37
Accounts receivable EUR
1,828,163.14
Other debtors and assets EUR 1,828,163.14
Liquid means EUR 3,133.03
Remaining other assets EUR
4,223.05
Accruals (assets) EUR
4,223.05
LIABILITIES EUR 6,303,799.98
Shareholders' equity
EUR
843,394.46
Capital EUR 25,564.59
Subscribed capital (share capital) EUR 25,564.59
Balance sheet profit/loss (+/-) EUR 817,829.87
Balance sheet profit / loss EUR 817,829.87
Provisions EUR 57,407.21
Liabilities EUR 5,402,998.31
Other liabilities EUR
5,402,998.31
Unspecified other liabilities EUR 5,402,998.31
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2011
- 31.12.2011
ASSETS EUR 6,024,143.59
Fixed assets EUR 300,088.89
Intangible assets EUR
4,300.50
Other / unspecified intangible assets EUR
4,300.50
Tangible assets EUR
295,635.00
Other / unspecified tangible assets EUR 295,635.00
Financial assets EUR
153.39
Other / unspecified financial assets EUR
153.39
Current assets EUR 5,699,289.88
Stocks EUR 3,814,974.07
Accounts receivable EUR
1,877,855.28
Other debtors and assets EUR 1,877,855.28
Liquid means EUR 6,460.53
Remaining other assets EUR
24,764.82
Accruals (assets) EUR
24,764.82
LIABILITIES EUR 6,024,143.59
Shareholders' equity EUR
942,805.27
Capital EUR 25,564.59
Subscribed capital (share capital) EUR 25,564.59
Balance sheet profit/loss (+/-) EUR 917,240.68
Balance sheet profit / loss EUR 917,240.68
Provisions EUR 92,305.92
Liabilities EUR 4,989,032.40
Other liabilities EUR
4,989,032.40
Unspecified other liabilities EUR 4,989,032.40
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.12 |
|
|
1 |
Rs.103.93 |
|
Euro |
1 |
Rs.85.17 |
INFORMATION DETAILS
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.