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Report Date : |
28.02.2014 |
IDENTIFICATION DETAILS
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Name : |
DERU-EXIM HANDELS GMBH |
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Registered Office : |
Schwanheimer
Str. 99, D 69412 Eberbach |
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Country : |
Germany |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
15.02.2001 |
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Com. Reg. No.: |
HRB 336888 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
· Agents involved in the sale of machines (except agricultural machinery and office machinery) and industrial supplies · Other business support service activities |
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No. of Employees |
Not Available |
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 |
DERU-EXIM Handels GmbH
Schwanheimer Str.
99
D 69412 Eberbach
Telephone: 06271/807871
Telefax: 06271/807223
active
LEGAL FORM Private
limited company
Date of
foundation: 15.02.2001
Shareholders'
agreement: 15.02.2001
Registered
on: 26.04.2001
Commercial
Register: Local court 68159 Mannheim
under: HRB
336888
Share
capital:
EUR 25,000.00
Peter Schieck
Im Ruhbaum 4
D 69412 Eberbach
born: 03.11.1942
Share: EUR 25,000.00
Peter Schieck
Im Ruhbaum 4
D 69412 Eberbach
having sole power
of representation
born: 03.11.1942
Profession: Businessman
Marital status:
unknown
26.04.2001 -
21.11.2013 DERU-EXIM Handels GmbH
Im Ruhbaum
4
D 69412
Eberbach
Private
limited company
Main industrial
sector
46141 Agents involved in the sale of machines
(except agricultural machinery and office machinery) and industrial supplies
n.e.c.
8299 Other business support service activities
n. e. c.
Payment
experience: within agreed terms
Negative
information: We have no negative
information at hand.
Balance sheet
year: 2011
Type of
ownership: Tenant
Address Schwanheimer
Str. 99
D 69412 Eberbach
Land register documents
were not available.
UNICREDIT BANK -
HYPOVEREINSBANK, 63002 OFFENBACH AM MAIN
Sort. code:
50520190
BIC: HYVEDEMM467
Ac/ts
receivable:
EUR 392,591.00
Liabilities: EUR 758,941.00
The number of
employees is not known.
Balance sheet
ratios 01.01.2011 - 31.12.2011
Equity ratio
[%]: -18.21
Liquidity
ratio: 0.61
Return on total
capital [%]: 5.36
Balance sheet
ratios 01.01.2010 - 31.12.2010
Equity ratio
[%]: -65.54
Liquidity
ratio: 0.64
Return on total
capital [%]: 37.61
Balance sheet
ratios 01.01.2009 - 31.12.2009
Equity ratio
[%]: -271.12
Liquidity
ratio: 0.25
Return on total
capital [%]: -120.17
Balance sheet
ratios 01.01.2008 - 31.12.2008
Equity ratio
[%]: -74.60
Liquidity
ratio: 0.20
Return on total
capital [%]: -91.89
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: 01.01.2011 - 31.12.2011
ASSETS EUR 762,440.68
Fixed assets EUR 1,431.00
Tangible assets EUR 1,431.00
Other / unspecified tangible assets EUR 1,431.00
Current assets EUR 542,723.33
Stocks EUR 148,986.40
Accounts receivable EUR 392,590.74
Other debtors and assets EUR 392,590.74
Liquid means EUR 1,146.19
Remaining other assets EUR 218,286.35
Accruals (assets) EUR 127.43
Deficit not covered by shareholders'
equity
EUR 218,158.92
LIABILITIES EUR 762,440.68
Shareholders' equity EUR 0.00
Capital EUR 25,000.00
Subscribed capital (share capital) EUR 25,000.00
Reserves EUR 616.99
Capital reserves EUR 616.99
Balance sheet profit/loss (+/-) EUR -243,775.91
Profit / loss brought forward EUR -272,934.89
Annual surplus / annual deficit EUR 29,158.98
Other shareholders' equity (+/-) EUR 218,158.92
Deficit not covered by shareholders'
equity EUR 218,158.92
Provisions EUR 3,500.00
Liabilities EUR 758,940.68
Other liabilities EUR 758,940.68
Unspecified other liabilities EUR 758,940.68
Type of balance
sheet: Company balance sheet
Financial
year: 01.01.2010 - 31.12.2010
ASSETS EUR 458,528.84
Fixed assets EUR 2,444.00
Tangible assets EUR 2,444.00
Other / unspecified tangible assets EUR 2,444.00
Current assets EUR 207,871.51
Accounts receivable EUR 206,807.10
Other debtors and assets EUR 206,807.10
Liquid means EUR 1,064.41
Remaining other assets EUR 248,213.33
Accruals (assets) EUR 895.43
Deficit not covered by shareholders'
equity EUR 247,317.90
LIABILITIES EUR 458,528.84
Shareholders' equity EUR 0.00
Capital EUR 25,000.00
Subscribed capital (share capital) EUR 25,000.00
Reserves EUR 616.99
Capital reserves EUR 616.99
Balance sheet profit/loss (+/-) EUR -272,934.89
Profit / loss brought forward EUR -352,378.23
Annual surplus / annual deficit EUR 79,443.34
Other shareholders' equity (+/-) EUR 247,317.90
Deficit not covered by shareholders'
equity EUR 247,317.90
Provisions EUR 23,300.00
Liabilities EUR 435,228.84
Other liabilities EUR 435,228.84
Unspecified other liabilities EUR 435,228.84
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.94 |
|
|
1 |
Rs.103.31 |
|
Euro |
1 |
Rs.85.11 |
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 |
|
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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 |
|
|
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.