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Report Date : |
28.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
Maynards Europe GmbH |
|
|
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Registered Office : |
Maximilianstr. 4b, D 82319 Starnberg |
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Country : |
Germany |
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Financials (as on) : |
31.07.2012 |
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Date of Incorporation : |
28.11.2008 |
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Com. Reg. No.: |
HRB 183924 |
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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 · Wholesaler of other machinery · Engaged in technical testing and analysis |
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No. of Employees |
05 |
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 – 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 |
Maynards Europe GmbH
Maximilianstr. 4b
D 82319 Starnberg
Telephone: 08151/973420
Telefax: 08151/973419
Homepage: www.maynards.com
E-mail: DanielK@maynards.com
active
LEGAL FORM Private
limited company
Date of foundation: 28.11.2008
Shareholders'
agreement: 28.11.2008
Registered on: 04.02.2010
Commercial Register: Local court 80333 München
under: HRB
183924
Share capital: EUR 25,000.00
Maynards
Industries Ltd.
415 West 2nd
Avenue
CDN V5Y 1 E3
Vancouver B.C.
Legal form: Other
legal form
Share: EUR 12,500.00
Shareholder:
Daniel Kröger
Josef-Fischhaber-Str. 29a
D 82319 Starnberg
born: 13.06.1968
Share: EUR 7,500.00
Shareholder:
Andreas Matuszczak
Everslohstr. 46
D 46145 Oberhausen
born: 03.03.1965
Share: EUR 5,000.00
Daniel Kröger
Josef-Fischhaber-Str.
29a
D 82319 Starnberg
having sole power
of representation
born: 13.06.1968
Manager:
Andreas Matuszczak
Everslohstr. 46
D 46145 Oberhausen
having sole power of
representation
born: 03.03.1965
12.01.2009 - 04.02.2010 Maynards Europe GmbH
Küstermannsweg 12
D 46535 Dinslaken
Private limited
company
04.02.2010 - 10.10.2013 Maynards Europe GmbH
Maximilianstr. 4b
D 82319 Starnberg
Private limited
company
Main industrial sector
· 46141 Agents involved in the sale of machines (except agricultural machineryand office machinery) and industrial supplies n.e.c.
· 46692 Wholesale of other machinery
· 71200 Engaged in technical testing and analysis
Payment experience: within periods customary in this trade
Negative information: We have no negative information at hand.
Balance sheet year: 2011/2012
Type of ownership: Tenant
Address Maximilianstr.
4b
D 82319 Starnberg
Land register documents were not available.
COMMERZBANK VORMALS DRESDNER BANK, 82302
STARNBERG
Sort. code: 70080000
BIC: DRESDEFF700
Ac/ts receivable: EUR 82,063.00
Liabilities: EUR 5,096,172.00
Employees:
5
Balance sheet ratios 01.08.2011 - 31.07.2012
Equity ratio [%]: 41.65
Liquidity ratio: 10.00
Return on total capital [%]: 18.72
Balance sheet grade: 1.5
Balance sheet ratios 01.08.2010 - 31.07.2011
Equity ratio [%]: 23.22
Return on total capital [%]: 7.54
Balance sheet grade: 3.0
Balance sheet ratios 01.08.2009 - 31.07.2010
Equity ratio [%]: 48.27
Liquidity ratio: 10.00
Return on total capital [%]: 43.59
Balance sheet grade: 1.3
Balance sheet ratios 01.02.2009 - 31.07.2009
Equity ratio [%]: 64.79
Liquidity ratio: 10.00
Return on total capital [%]: -0.27
Balance sheet grade: 2.1
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: 01.08.2011 - 31.07.2012
ASSETS EUR 4,354,780.27
Fixed assets EUR 13,986.00
Tangible assets EUR 13,986.00
Other / unspecified tangible assets EUR 13,986.00
Current assets EUR 4,337,215.37
Stocks EUR 14,750.00
Accounts receivable EUR 1,824,037.58
Other debtors and assets EUR 1,824,037.58
Liquid means EUR 2,498,427.79
Remaining other assets EUR 3,578.90
Accruals (assets) EUR 3,578.90
LIABILITIES EUR 4,354,780.27
Shareholders' equity EUR 1,813,608.63
Capital EUR 25,000.00
Subscribed capital (share capital) EUR 25,000.00
Balance sheet profit/loss (+/-) EUR 1,788,608.63
Profit / loss brought forward EUR 973,186.83
Annual surplus / annual deficit EUR 815,421.80
Provisions EUR 377,593.00
Liabilities EUR 2,163,578.64
Other liabilities EUR 2,163,578.64
Unspecified other liabilities EUR 2,163,578.64
Type of balance
sheet: Company balance sheet
Financial
year: 01.08.2010 - 31.07.2011
ASSETS EUR 7,406,275.78
Fixed assets EUR 10,363.00
Tangible assets EUR 10,363.00
Other / unspecified tangible assets EUR 10,363.00
Current assets EUR 7,395,912.78
Stocks EUR 4,750,000.00
Other / unspecified stocks EUR 4,750,000.00
Accounts receivable EUR -82,063.43
Receivables shown as negative amount
EUR -82,063.43
Liquid means EUR 2,727,976.21
LIABILITIES EUR 7,406,275.78
Shareholders' equity EUR 1,625,783.83
Capital EUR 25,000.00
Subscribed capital (share capital) EUR 25,000.00
Balance sheet profit/loss (+/-) EUR 1,600,783.83
Profit / loss brought forward EUR 1,042,274.37
Annual surplus / annual deficit EUR 558,509.46
Provisions EUR 684,320.44
Other / unspecified provisions EUR 684,320.44
Liabilities EUR 5,096,171.51
thereof total due to shareholders EUR 93,649.25
Other liabilities EUR 5,096,171.51
Unspecified other liabilities EUR 5,096,171.51
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 |
|
|
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.