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Report Date : |
21.02.2014 |
IDENTIFICATION DETAILS
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Name : |
GUDRUN AHMED TEPPICH-IMPORTE GMBH & CO. KG |
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Registered Office : |
Daimlerstr. 18, D 70825
Korntal-Münchingen |
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Country : |
Germany |
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Financials (as on) : |
30.06.2012 |
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Date of Incorporation : |
18.09.2002 |
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Com. Reg. No.: |
HRA 202913 |
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Legal Form : |
Ltd partnership with priv. ltd.
company as general partner |
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Line of Business : |
·
Wholesale of
textiles ·
Retail sale
of carpets, rugs, wall and floor coverings |
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No. of Employees : |
11 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 |
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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 |
GUDRUN AHMED TEPPICH-IMPORTE GMBH & CO. KG
Company Status: active
Daimlerstr. 18
D 70825 Korntal-Münchingen
Telephone:0711/801081
Telefax:
0711/801084
Homepage:
www.gudrun-ahmed.de
E-mail: info@gudrun-ahmed.de
Business relations are permissible.
LEGAL FORM Ltd
partnership with priv. ltd. company as general partner
Registered on: 18.09.2002
Register of
companies: Local court 70190 Stuttgart
under: HRA
202913
Total cap. contribution: EUR 100,000.00
Limited partner:
Gudrun Ahmed
Gutbrodstr. 89
D 70193 Stuttgart
born: 12.03.1950
née: Maier
Share: EUR 100,000.00
General partner:
Ahmed Management GmbH
Daimlerstr. 18
D 70825
Korntal-Münchingen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered on: 14.08.2002
Reg. data: 70190
Stuttgart, HRB 206486
Shareholder:
Gudrun Ahmed
Gutbrodstr. 89
D 70193 Stuttgart
born: 12.03.1950
née: Maier
Share: EUR 25,000.00
Manager:
Gudrun Ahmed
Gutbrodstr. 89
D 70193 Stuttgart
born: 12.03.1950
née: Maier
Profession: Businessman
Marital status: married
Manager:
Tanvir Ahmed
Gutbrodstr. 89
D 70193 Stuttgart
born: 14.09.1946
Marital status: married
1975 - 31.10.1979 Gudrun
Ahmed Teppich-Importe
Friedhofstr.
D 70191 Stuttgart
Sole proprietorship
31.10.1979 - 1987 Gudrun Ahmed Teppich-Importe
Wolframstr. 20
D 70191 Stuttgart
Sole proprietorship
1988 - 03.06.1998 Gudrun Ahmed Teppich-Importe
Wollinstr. 6
D 70439 Stuttgart
Sole proprietorship
03.06.1998 - 1999 Gudrun Ahmed Teppich-Importe
Schwieberdinger Str. 112
D 70825 Korntal-Münchingen
Sole proprietorship
2000 - 2001 Gurdrun Ahmed Teppich-Importe (HRA 2290,
AG Ludwigsburg)
Daimlerstr. 20
D 70825 Korntal-Münchingen
Sole proprietorship
Sectors
46410
Wholesale of textiles
47530
Retail sale of carpets, rugs, wall and floor coverings
Payment experience: within
agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2011/2012
Type of ownership: Tenant
Address Daimlerstr.
18
D 70825 Korntal-Münchingen
Real Estate of: Ahmed
Management GmbH
Type of ownership: Tenant
Address Daimlerstr.
18
D 70825 Korntal-Münchingen
Land register documents were not available.
DEUTSCHE BANK, 70049 STUTTGART
Sort. code: 60070070
BIC: DEUTDESSXXX
UNTERTÜRKHEIMER VOLKSBANK, 70305 STUTTGART
Sort. code: 60060396
BIC: GENODES1UTV
SÜDWESTBANK, 70037 STUTTGART
Sort. code: 60090700
BIC: SWBSDESSXXX
Turnover: 2011/2012 EUR 7,850,000.00
Equipment: *EUR 88,000.00
Ac/ts receivable: EUR
1,253,075.00
Liabilities: EUR 4,679,233.00
Employees:
11
The business figures marked with an asterisk
are estimates based
on average values in the line of business.
Balance sheet ratios 01.07.2011 - 30.06.2012
Equity ratio [%]: 29.87
Liquidity ratio: 0.36
Balance sheet ratios 01.07.2010 - 30.06.2011
Equity ratio [%]: 39.67
Liquidity ratio: 0.53
Balance sheet ratios 01.07.2009 - 30.06.2010
Equity ratio [%]: 25.57
Liquidity ratio: 0.41
Balance sheet ratios 01.07.2008 - 30.06.2009
Equity ratio [%]: 20.97
Liquidity ratio: 0.27
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.
Type of
balance sheet: Company balance sheet
Financial
year: 01.07.2011 - 30.06.2012
ASSETS EUR 5,033,291.58
Fixed assets
EUR 145,914.81
Intangible assets
EUR 23,788.00
Other / unspecified intangible assetsEUR 23,788.00
Tangible assets
EUR 97,073.51
Other / unspecified tangible assets
EUR 97,073.51
Financial assets EUR 25,053.30
Other / unspecified financial assets EUR 25,053.30
Current assets
EUR 4,881,255.58
Stocks
EUR 3,628,074.67
Accounts receivable EUR 1,253,074.68
Other debtors and assets
EUR 1,253,074.68
Liquid means
EUR 106.23
Remaining other assets
EUR 6,121.19
Accruals
(assets) EUR 6,121.19
LIABILITIES EUR 5,033,291.58
Shareholders' equity
EUR 335,224.35
Capital
EUR -464,775.65
Limited partner's capital / capital
of partially liable partner (LP)
EUR -464,775.65
Limited partner's capital, fixed
capital, capital account I
EUR 100,000.00
- Loss brought forward account
EUR -564,775.65
Reserves
EUR 800,000.00
Capital reserves
EUR 800,000.00
Provisions
EUR 18,834.00
Other / unspecified provisions
EUR 18,834.00
Liabilities
EUR 4,679,233.23
Other liabilities
EUR 4,679,233.23
Unspecified other liabilities
EUR 4,679,233.23
Type of
balance sheet: Company
balance sheet
Financial
year: 01.07.2010 - 30.06.2011
ASSETS EUR 5,368,683.15
Fixed assets
EUR 139,452.81
Intangible assets EUR 36,399.00
Other / unspecified intangible assetsEUR 36,399.00
Tangible assets
EUR 78,000.51
Other / unspecified tangible assets
EUR 78,000.51
Financial
assets EUR 25,053.30
Other / unspecified financial assets EUR 25,053.30
Current assets
EUR 5,225,485.63
Stocks
EUR 3,533,070.53
Accounts receivable
EUR 1,688,921.37
Other debtors and assets
EUR 1,688,921.37
Liquid means
EUR 3,493.73
Remaining other assets
EUR 3,744.71
Accruals (assets)
EUR 3,744.71
LIABILITIES EUR 5,368,683.15
Shareholders' equity
EUR 871,721.42
Capital EUR 71,721.42
Limited partner's capital / capital
of partially liable partner (LP)
EUR 71,721.42
Limited partner's capital, fixed
capital, capital account I
EUR 100,000.00
- Loss brought forward account
EUR 28,278.58
Reserves
EUR 800,000.00
Capital reserves
EUR 800,000.00
Provisions
EUR 21,355.00
Liabilities
EUR 4,475,606.73
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.28 |
|
|
1 |
Rs.103.84 |
|
Euro |
1 |
Rs.85.70 |
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 |
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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.