|
Report Date : |
14.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
SHARMA LE
BAZAAR GMBH |
|
|
|
|
Registered Office : |
Hochstr. 21, D 58095 Hagen |
|
|
|
|
Country : |
Germany |
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|
|
|
Financials (as on) : |
31.12.2011 |
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|
|
|
Date of Incorporation : |
11.06.1986 |
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|
|
|
Com. Reg. No.: |
HRB 1957 |
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|
|
|
Legal Form : |
Private Limited Company |
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|
|
|
Line of Business : |
Wholesale of
leather goods, luggage, giftware and
advertising articles |
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|
|
|
No of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
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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 |
|
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 |
Sharma Le Bazaar GmbH
Hochstr. 21
D 58095 Hagen
Telephone:02331/82062
Telefax: 02331/82063
Homepage: www.lebazaar.de
E-mail: info@lebazaar.de
Active
DE125136510
Business
relations are permissible.
LEGAL FORM Private limited company
Date of
foundation: 1986
Shareholders'
agreement: 28.04.1986
Registered
on: 11.06.1986
Commercial
Register: Local court 58097 Hagen
under: HRB 1957
EUR 25,666.85
Trilokchand
Sharma
Hohenzollernstr.
14
D 58095 Hagen
born: 01.03.1949
in Indien
Share: EUR 25,666.85
Trilokchand
Sharma
Hohenzollernstr.
14
D 58095 Hagen
having sole power
of representation
born: 01.03.1949
in Indien
Profession:
Businessman
Marital status:
Married
11.06.1986 -
23.06.1992 Le Bazaar Ledertrend Import -
Export
GmbH
Mittelstr. 17a
D 58095
Hagen
Private
limited company
23.06.1992 - 16.01.1995 Le Bazaar Ledertrend
Import - Export
GmbH
Behringstr. 20
D 58097
Hagen
Private
limited company
26.05.1997 - 26.05.1998 Le Bazaar Ledertrend Import - Export
GmbH
Behringstr. 20
D 58097
Hagen
Private limited company
17.07.1998 - 21.02.2005 Sharma Le Bazaar GmbH
Behringstr. 20
D 58097
Hagen
Private
limited company
21.02.2005 - 08.06.2011 Sharma Le Bazaar GmbH
Friedensstr. 127
D 58097
Hagen
Private
limited company
Main industrial
sector
46493 Wholesale of leather goods, luggage,
giftware and advertising articles
Balance sheet
year: 2011
Type of
ownership: Tenant
Address Hochstr. 21
D 58095 Hagen
Real Estate of: Trilokchand Sharma
Type of ownership: Tenant
Address Hohenzollernstr. 14
D 58095 Hagen
Land register documents were not available.
COMMERZBANK
VORMALS DRESDNER BANK, HAGEN, WESTF Sort. code: 45080060, BIC: DRESDEFF450
Turnover: 2013 *EUR 270,000.00
Ac/ts
receivable:
EUR 169,219.00
Liabilities: EUR 521,627.00
Employees:
2
- thereof permanent staff: 1
- Part-time employees:
1
The business
figures marked with an asterisk are estimates based on average values in the
line of business.
Balance sheet
ratios 01.01.2011 - 31.12.2011
Equity ratio
[%]: 80.17
Liquidity
ratio: 2.65
Return on total
capital [%]: -16.29
Balance sheet
ratios 01.01.2010 - 31.12.2010
Equity ratio
[%]: 76.40
Liquidity
ratio:
1.65
Return on total
capital [%]: -10.19
Balance sheet
ratios 01.01.2009 - 31.12.2009
Equity ratio
[%]: 73.95
Liquidity
ratio:
1.83
Return on total
capital [%]: 4.48
Balance sheet
ratios 01.01.2008 - 31.12.2008
Equity ratio
[%]: 64.00
Liquidity
ratio:
0.89
Return on total
capital [%]: -7.00
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.
Sheet: Company balance sheet
Financial
year: 01.01.2011 - 31.12.2011
ASSETS
EUR 530,626.95
Fixed assets EUR 5,309.18
Intangible assets EUR 0.50
Other / unspecified intangible
assetsEUR 0.50
Tangible assets EUR 4,644.00
Other / unspecified tangible assets EUR 4,644.00
Financial assets EUR 664.68
Other / unspecified financial assets
EUR 664.68
Current assets EUR 438,082.99
Stocks EUR 253,715.29
Accounts receivable EUR 169,219.36
Other debtors and assets EUR 169,219.36
Liquid means EUR 15,148.34
Remaining other assets EUR 87,234.78
Accruals (assets) EUR 129.34
Deficit not covered by shareholders'
equity EUR 87,105.44
LIABILITIES EUR 530,626.95
Shareholders' equity EUR 0.00
Capital EUR 25,666.85
Subscribed capital (share capital) EUR 25,666.85
Balance sheet profit/loss (+/-) EUR -112,772.29
Profit / loss brought forward EUR -40,538.46
Annual surplus / annual deficit EUR -72,233.83
Other shareholders' equity (+/-) EUR 87,105.44
Deficit not covered by shareholders'
equity EUR 87,105.44
Provisions EUR 9,000.00
Liabilities EUR 521,626.95
Other liabilities EUR 521,626.95
Unspecified other liabilities EUR 521,626.95
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 561,570.63
Fixed assets EUR 7,708.68
Intangible assets EUR 0.50
Other / unspecified intangible
assetsEUR 0.50
Tangible assets EUR 7,043.50
Other / unspecified tangible assets EUR 7,043.50
Financial assets EUR 664.68
Other / unspecified financial assets
EUR 664.68
Current assets EUR 535,084.20
Stocks EUR 345,067.63
Accounts receivable EUR 166,470.64
Other debtors and assets EUR 166,470.64
Liquid means EUR 23,545.93
Remaining other assets EUR 18,777.75
Accruals (assets) EUR 3,906.14
Deficit not covered by shareholders'
equity EUR 14,871.61
LIABILITIES EUR 561,570.63
Shareholders' equity EUR 0.00
Capital EUR 25,666.85
Subscribed capital (share capital) EUR 25,666.85
Balance sheet profit/loss (+/-) EUR -40,538.46
Profit / loss brought forward EUR 15,156.48
Annual surplus / annual deficit EUR -55,694.94
Other shareholders' equity (+/-) EUR 14,871.61
Deficit not covered by shareholders'
equity EUR 14,871.61
Provisions EUR 4,500.00
Liabilities EUR 557,070.63
Other liabilities EUR 557,070.63
Unspecified
other liabilities EUR 557,070.63
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 61.52 |
|
|
1 |
Rs. 101.47 |
|
Euro |
1 |
Rs. 84.11 |
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 |
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.