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Report Date : |
25.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
JETI
GMBH |
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Registered Office : |
Koblenzer Str. 89, D 55430 Oberwesel |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
22.07.2011 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Repair of
machinery ·
Wholesaler of
other equipment and accessories for machinery and technical supplies |
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No of Employees : |
2 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 – 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 |
Jeti GmbH
Koblenzer
Str. 89
D 55430
Oberwesel
Telephone:06744/9498025
Telefax: 06744/9499034
Homepage:
www.jeticleaner.com
E-mail: sales@jeticleaner.com
Active
DE278173438
Business
relations are permissible.
LEGAL
FORM Private limited company
Date of
foundation: 22.07.2011
Shareholders'
agreement: 22.07.2011
Registered
on: 03.09.2011
Commercial
Register: Local court 56068 Koblenz
under: HRB
22720
Share capital: EUR 25,000.00
Shareholder:
Thorsten Gebauer
Agnesstr. 8
D 70597 Stuttgart
born: 27.07.1972
Share: EUR 25,000.00
Manager:
Thorsten Gebauer
Agnesstr. 8
D 70597 Stuttgart
having sole power of
representation
born: 27.07.1972
Profession: Businessman
Marital status: single
Further functions/participations of Thorsten
Gebauer (Manager) Limited partner:
Gebauer Hygiene und
Reinraum GmbH & Co. KG
Wilhelm-Theodor-Römheld-Str.
14
D 55130 Mainz
Legal form: Ltd
partnership with priv. ltd.
company as general partner
insolvent
Total cap. EUR 51,129.19
contribution:
Share: EUR 51,129.19
Registered
on: 11.08.2006
Reg. data: 55116 Mainz, HRA 40208
Shareholder:
Gebauer Hygiene und
Reinraum
Verwaltungs-GmbH
Leinenweberstr. 34
D 70567 Stuttgart
Legal form: Private
limited company
insolvent
Share capital: EUR 25,564.59
Share: EUR 25,564.59
Registered
on: 25.11.1997
Reg. data: 70190 Stuttgart, HRB 18834
Liquidator:
Gebauer Hygiene und Reinraum
Verwaltungs-GmbH
Leinenweberstr. 34
D 70567 Stuttgart
Legal form: Private
limited company
insolvent
Share capital: EUR 25,564.59
Registered
on: 25.11.1997
Reg. data: 70190 Stuttgart, HRB 18834
Main industrial sector
33120
Repair of machinery
Secondary industrial sector
46693
Wholesale of other equipment and accessories for machinery and technical
supplies
Payment
experience: within agreed terms
Negative
information: We have no negative
information at hand.
The
maximum credit is our recommendation for the maximum credit limit for the
inquired company.
Balance
sheet year: 2011
Type of ownership: Tenant
Address Koblenzer
Str. 89
D 55430 Oberwesel
Land register documents were not available.
A bank connection is unknown.
Turnover: 2012 EUR 150,000.00
2013 EUR 220,000.00
further business figures:
Equipment: *EUR 24,000.00
Ac/ts receivable: EUR 15,855.00
Liabilities: EUR 7,079.00
Employees:
2
The
business figures marked with an asterisk are estimates based on average values in the line of business.
Balance sheet ratios 01.08.2011 - 31.12.2011
Equity ratio [%]: 72.32
Liquidity ratio: 3.22
Return on total capital [%]: -44.77
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.
Type of balance sheet: Company balance sheet
Financial
year: 01.08.2011 - 31.12.2011
ASSETS EUR 23,195.23
Fixed assets
EUR 1,595.00
Tangible assets
EUR 1,595.00
Other / unspecified tangible assets
EUR 1,595.00
Current assets EUR 21,600.23
Stocks
EUR 5,745.00
Other / unspecified stocks
EUR 5,745.00
Accounts receivable
EUR 15,855.23
Other debtors and assets
EUR 15,855.23
LIABILITIES EUR 23,195.23
Shareholders' equity
EUR 14,616.20
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR -10,383.80
Annual surplus / annual deficit
EUR -10,383.80
Provisions
EUR 1,500.00
Other / unspecified provisions
EUR 1,500.00
Liabilities
EUR 7,079.03
Other liabilities
EUR 7,079.03
Unspecified other liabilities
EUR 7,079.03
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 62.11 |
|
|
1 |
Rs. 103.38 |
|
Euro |
1 |
Rs. 85.32 |
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.