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Report Date : |
08.01.2014 |
IDENTIFICATION DETAILS
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Name : |
GOLDEN NUGGET LEDERWAREN-VERTRIEBS GMBH |
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Registered Office : |
Bahnhofstr. 4, D 55595 Weinsheim |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Year of Establishments: |
1994 |
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Com. Reg. No.: |
HRB 3299 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesaler of leather goods, luggage, giftware and advertising articles |
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No. of Employees : |
04 |
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 |
Golden Nugget Lederwaren-Vertriebs GmbH
Bahnhofstr. 4
D 55595 Weinsheim
Telephone: 06758/8973
Telefax: 06758/8562
Homepage: www.gn-lederwaren.de
E-mail: info@gn-lederwaren.de
DE169372030
06/656/1845/1
actve
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 1994
Shareholders'
agreement: 05.12.1994
Registered on: 16.03.1995
Commercial Register: Local
court 55543 Bad Kreuznach
under: HRB 3299
Share capital: EUR 75,000.00
Benno Schneider
Bahnhofstr. 4
D 55595 Weinsheim
born: 21.08.1963
Share: EUR 75,000.00
Benno Schneider
Bahnhofstr. 4
D 55595 Weinsheim
having sole power of representation
born: 21.08.1963
Marital status: married
Main industrial sector
46493 Wholesale of leather
goods, luggage, giftware and advertising articles
Payment
experience: within agreed terms
Negative
information: We have no negative information
at hand.
Balance
sheet year: 2011
Type of ownership: Tenant
Address Bahnhofstr. 4
D 55595 Weinsheim
Land register documents were not available.
Principal bank
SPARKASSE RHEIN-NAHE, BAD KREUZNACH
Sort. code: 56050180, BIC: MALADE51KRE
Turnover: 2012 EUR 1,760,000.00
2013 EUR 1,900,000.00
further business figures:
Ac/ts receivable: EUR 1,178,605.00
Liabilities: EUR 652,016.00
Employees:
4
-
Freelancer: 4
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 51.05
Liquidity ratio: 2.21
Return on total capital [%]: 8.42
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 47.42
Liquidity ratio: 1.76
Return on total capital [%]: 7.11
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 32.74
Liquidity ratio: 1.33
Return on total capital [%]: 12.61
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 30.00
Liquidity ratio: 0.95
Return on total capital [%]: 8.00
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 1,522,050.79
Fixed assets
EUR 106,212.50
Intangible assets
EUR 0.50
Other / unspecified intangible assetsEUR 0.50
Tangible assets
EUR 106,212.00
Other / unspecified tangible assets
EUR 106,212.00
Current assets
EUR 1,415,570.88
Stocks
EUR 235,556.63
Accounts receivable
EUR 1,178,604.81
Other debtors and assets
EUR 1,178,604.81
Liquid means
EUR 1,409.44
Remaining other assets
EUR 267.41
Accruals (assets)
EUR 267.41
LIABILITIES EUR 1,522,050.79
Shareholders' equity
EUR 659,573.31
Capital EUR 75,000.00
Subscribed capital (share capital)
EUR 75,000.00
Balance sheet profit/loss (+/-)
EUR 584,573.31
Balance sheet profit / loss
EUR 584,573.31
Provisions EUR 210,461.38
Liabilities
EUR 652,016.10
Other liabilities
EUR 652,016.10
Unspecified other liabilities
EUR 652,016.10
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 1,435,622.65
Fixed assets
EUR 103,949.50
Intangible
assets EUR 0.50
Other / unspecified intangible assetsEUR 0.50
Tangible assets
EUR 103,949.00
Other / unspecified tangible assets
EUR 103,949.00
Current assets
EUR 1,329,650.76
Stocks
EUR 228,041.39
Accounts receivable
EUR 1,098,534.51
Other debtors and assets
EUR 1,098,534.51
Liquid means
EUR 3,074.86
Remaining other assets
EUR 2,022.39
Accruals (assets)
EUR 2,022.39
LIABILITIES EUR 1,435,622.65
Shareholders' equity
EUR 531,464.15
Capital
EUR 75,000.00
Subscribed capital (share capital)
EUR 75,000.00
Balance sheet profit/loss (+/-)
EUR 456,464.15
Balance sheet profit / loss
EUR 456,464.15
Provisions
EUR 126,169.00
Liabilities
EUR 777,989.50
Other liabilities
EUR 777,989.50
Unspecified other liabilities
EUR 777,989.50
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.38 |
|
UK Pound |
1 |
Rs.102.25 |
|
Euro |
1 |
Rs.84.97 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
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 |
|
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 |
-- |
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.