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Report Date : |
26.02.2014 |
IDENTIFICATION DETAILS
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Name : |
GFAI TECH GMBH |
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Registered Office : |
Volmerstr. 3, D 12489
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Country : |
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Financials (as on) : |
30.06.2012 |
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Date of Incorporation : |
04.04.2006 |
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Com. Reg. No.: |
HRB 101754 B |
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Legal Form : |
Private Limited
Company |
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Line of Business : |
· Agents involved in the sale of office machinery, data-processing equipment, peripheral products and software Agents involved in the sale of electrotechnical and
electronical products Wholesaler of computers, computer peripheral equipment and
software Other
software development activities |
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No. of Employees |
06 |
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 : |
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 |
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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 |
gfai tech GmbH
Volmerstr. 3
D 12489 Berlin
Telephone:030/814563750
Mobile No.: 0049
173 6373336 (Magdalena Boeck – Int. Sales & Marketing Manager)
Telefax: 030/814563755
Homepage: www.gfaitech.de
E-mail: info@gfaitech.de /
boeck@gfaitech.de
DE248943222
active
LEGAL FORM Private
limited company
Date of
foundation: 04.04.2006
Shareholders'
agreement: 04.04.2006
Registered
on: 05.05.2006
Commercial
Register: Local court 14057 Berlin
under: HRB
101754 B
Share capital: EUR 200,000.00
Gesellschaft zur
Förderung angewandter
Informatik e.V.
Volmerstr. 3
D 12489 Berlin
Legal form:
Registered association
Share: EUR 200,000.00
Registered on:
28.06.1991
Reg. data: 14057
Berlin, VR 11031 B
Gunnar Heilmann
D 12489 Berlin
born: 16.10.1973
Dr. Frank Weckend
D 15566 Schöneiche
authorized to
jointly represent the company
born: 05.06.1959
Profession:
Engineer
Marital status:
unknown
05.05.2006 -
02.07.2010 gfai tech GmbH
Rudower
Chaussee 30
D 12489
Berlin
Private
limited company
04.07.2006 -
30.06.2011 Manager
Dr. Ralf
Schröder
D 12681
Berlin
Sectors
46145 Agents involved in the sale of office
machinery, data-processing equipment, peripheral products and software
46149 Agents involved in the sale of
electrotechnical and electronical products
46510 Wholesaler of computers, computer peripheral
equipment and software
62019 Other software development activities
Payment
experience: within agreed terms
Negative
information: We have no negative
information at hand.
Balance sheet
year: 2011/2012
Type of
ownership: Tenant
Address Volmerstr.
3
D 12489 Berlin
Land register documents
were not available.
A bank connection
is unknown.
Turnover: 2012 *EUR 822,500.00
Ac/ts
receivable:
EUR 320,572.00
Liabilities: EUR 268,674.00
Employees:
6
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
[%]: 92.33
Liquidity
ratio: 10.00
Return on total
capital [%]: 2.83
Balance sheet
ratios 01.01.2011 - 30.06.2011
Equity ratio
[%]: 87.45
Liquidity
ratio: 10.00
Return on total
capital [%]: -11.24
Balance sheet
ratios 01.01.2010 - 31.12.2010
Equity ratio
[%]: 59.99
Liquidity
ratio: 4.34
Return on total
capital [%]: 23.52
Balance sheet
ratios 01.01.2009 - 31.12.2009
Equity ratio
[%]: 62.47
Liquidity
ratio: 10.00
Return on total
capital [%]: -3.24
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: 01.07.2011 - 30.06.2012
ASSETS EUR 712,887.34
Fixed assets EUR 14,482.00
Intangible assets EUR 2,800.00
Concessions, licences, rights EUR 2,800.00
Tangible assets EUR 11,682.00
Other / unspecified tangible assets EUR 11,682.00
Current assets EUR 684,315.65
Stocks EUR 94,550.13
Other / unspecified stocks EUR 94,550.13
Accounts receivable EUR 320,571.99
Other debtors and assets EUR 320,571.99
Liquid means EUR 269,193.53
Remaining other assets EUR 14,089.69
Accruals (assets) EUR 14,089.69
LIABILITIES EUR 712,887.34
Shareholders' equity EUR 418,213.21
Capital EUR 200,000.00
Subscribed capital (share capital) EUR 200,000.00
Balance sheet profit/loss (+/-) EUR 218,213.21
Profit / loss brought forward EUR 198,039.24
Annual surplus / annual deficit EUR 20,173.97
Provisions EUR 26,000.00
Other / unspecified provisions EUR 26,000.00
Liabilities EUR 268,674.13
Other liabilities EUR 268,674.13
Unspecified other liabilities EUR 268,674.13
Type of balance
sheet: Company balance sheet
Financial
year: 01.01.2011 - 30.06.2011
ASSETS EUR 571,419.69
Fixed assets
EUR 7,509.00
Intangible assets EUR 1,243.00
Other / unspecified intangible
assetsEUR 1,243.00
Tangible assets EUR 6,266.00
Other / unspecified tangible assets EUR 6,266.00
Current assets EUR 552,550.40
Stocks EUR 76,447.67
Accounts receivable EUR 204,108.91
Other
debtors and assets EUR 204,108.91
Liquid means EUR 271,993.82
Remaining other assets EUR 11,360.29
Accruals (assets) EUR 11,360.29
LIABILITIES EUR 571,419.69
Shareholders' equity EUR 398,039.24
Capital EUR 200,000.00
Subscribed capital (share capital) EUR
200,000.00
Balance sheet profit/loss (+/-) EUR 198,039.24
Profit / loss brought forward EUR 260,199.02
Annual surplus / annual deficit EUR -62,159.78
Provisions EUR 47,768.43
Liabilities EUR 125,612.02
Other liabilities EUR 125,612.02
Unspecified other liabilities EUR 125,612.02
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.98 |
|
|
1 |
Rs.103.31 |
|
Euro |
1 |
Rs.85.14 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome
financial difficulties seems comparatively below average. |
Small |
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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 |
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<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.