|
Report Date : |
03.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
PRO
MERCHANT GMBH |
|
|
|
|
Registered Office : |
Waldstr.
19 D 63179 Obertshausen |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
16.11.2001 |
|
|
|
|
Legal Form : |
Private
limited company |
|
|
|
|
Line of Business : |
Wholesale
of leather goods, luggage, giftware and advertising articles |
|
|
|
|
No. of Employees |
28 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
No complaints |
|
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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, has contributed to strong growth 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 5.3% in 2013. The new German government introduced a minimum wage of $11 per hour to take effect in 2015. 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 and 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. 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 |
PRO MERCHANT GMBH
Company Status: active
Waldstr. 19
D 63179 Obertshausen
Telephone:06104/40530
Telefax: 06104/405353
Homepage: www.promerchant.eu
E-mail: contact@promerchant.eu
VAT no.: DE220307402
Tax ID number: 044
241 40336
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 16.11.2001
Shareholders'
agreement: 16.11.2001
Registered on: 07.12.2001
Commercial Register: Local court 63065 Offenbach
under: HRB
12161
Share capital: EUR 138,000.00
Shareholder:
DW
Beteiligungsgesellschaft mbH
Waldstr. 19
D 63179 Obertshausen
Legal form: Private
limited company
Share capital: EUR 92,000.00
Share: EUR 138,000.00
Registered on: 03.11.2010
Reg. data: 63065
Offenbach, HRB 45129
Manager:
Jürgen Paul Winter
Lärchenweg 30
D 63150 Heusenstamm
having sole power of
representation
born: 12.04.1959
Profession: Fully qualified
political
economist
Marital status: married
Manager:
Sven Ingo Döbert
Wolfstr. 4
D 63500 Seligenstadt
having sole power of
representation
born: 16.09.1978
Further functions/participations of Jürgen
Paul Winter (Manager)
Shareholder:
Winter Lederwaren GmbH
Waldstr. 19
D 63179 Obertshausen
Legal form: Private
limited company
dissolved by
official decree
Share capital: EUR 51,129.18
Share: EUR 51,129.18
Registered
on: 30.12.1991
Reg. data: 63065 Offenbach, HRB 8219
Shareholder:
DW
Beteiligungsgesellschaft mbH
Waldstr. 19
D 63179 Obertshausen
Legal form: Private
limited company
Share capital: EUR 92,000.00
Share: EUR 46,000.00
Registered
on: 03.11.2010
Reg. data: 63065 Offenbach, HRB 45129
Manager:
PM Fulfillment GmbH
Waldstr. 19
D 63179 Obertshausen
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 11.12.2000
Reg. data: 63065 Offenbach, HRB 11694
Manager:
Winter Lederwaren GmbH
Waldstr. 19
D 63179 Obertshausen
Legal form: Private
limited company
dissolved by
official decree
Share capital: EUR 51,129.18
Registered
on: 30.12.1991
Reg. data: 63065 Offenbach, HRB 8219
Manager:
TAMARIS Accessories GmbH
Waldstr. 19
D 63179 Obertshausen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 14.11.2002
Reg. data: 63065 Offenbach, HRB 40041
Manager:
DW
Beteiligungsgesellschaft mbH
Waldstr. 19
D 63179 Obertshausen
Legal form: Private
limited company
Share capital: EUR 92,000.00
Registered
on: 03.11.2010
Reg. data: 63065 Offenbach, HRB 45129
Further functions/participations of Sven Ingo
Döbert (Manager)
Shareholder:
DW
Beteiligungsgesellschaft mbH
Waldstr. 19
D 63179 Obertshausen
Legal form: Private
limited company
Share capital: EUR 92,000.00
Share: EUR 46,000.00
Registered
on: 03.11.2010
Reg. data: 63065 Offenbach, HRB 45129
Manager:
TAMARIS Accessories GmbH
Waldstr. 19
D 63179 Obertshausen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 14.11.2002
Reg. data: 63065 Offenbach, HRB 40041
Manager:
DW
Beteiligungsgesellschaft mbH
Waldstr. 19
D 63179 Obertshausen
Legal form: Private
limited company
Share capital: EUR 92,000.00
Registered
on:
03.11.2010
Reg. data: 63065 Offenbach, HRB 45129
Main industrial sector
46493
Wholesale of leather goods, luggage, giftware and advertising articles
Shareholder:
TAMARIS Accessories GmbH
Waldstr. 19
D 63179 Obertshausen
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 16,750.00
Reg. data: 14.11.2002
Local court
63065 Offenbach
HRB 40041
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
BALANCE SHEET YEAR: 2013
Type of ownership: Tenant
Address Waldstr.
19
D
63179 Obertshausen
Land register documents were not available.
LANDESBANK BADEN-WÜRTTEMBERG/RHEINLAND-PFALZ
BANK, 55098 MAINZ A
RHEIN
Sort. code: 60050101
BIC: SOLADEST600
COMMERZBANK, 63003 OFFENBACH AM MAIN
Sort. code: 50540028
BIC: COBADEFFXXX
Turnover: 2012 EUR 21,500,000.00
2013 EUR 24,821,442.00
Expected turnover: EUR 29,000,000.00
Profit: 2012 EUR 1,280,249.00
2013 EUR 1,239,769.00
further business figures:
Equipment: EUR 123,692.00
Ac/ts receivable: EUR 3,666,017.00
Liabilities: EUR 5,981,132.00
Total numbers of
vehicles:
7
- Lorries:
1
- Passenger cars: 6
Employees:
28
- thereof permanent
staff:
19
- Freelancer:
2
- Temporary workers: 7
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 31.52
Liquidity ratio: 0.67
Return on total capital [%]: 14.06
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 47.47
Liquidity ratio: 1.16
Return on total capital [%]: 1.21
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 38.35
Liquidity ratio: 1.05
Return on total capital [%]: 3.95
Balance sheet grade: 2.4
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 20.50
Liquidity ratio: 0.81
Return on total capital [%]: 11.83
Balance sheet grade: 2.6
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: 01.01.2013
- 31.12.2013
ASSETS EUR 8,814,921.37
Fixed assets EUR 212,108.95
Intangible assets EUR 52,542.00
Concessions, licences,
rights EUR 52,542.00
Tangible assets EUR 134,565.00
Land / similar
rights EUR 10,873.00
Other tangible assets /
fixtures and
fittings EUR 123,692.00
Financial assets EUR 25,001.95
Shares in participations
/
subsidiaries and the
like EUR 25,001.95
Shares in investee
companies EUR 25,001.95
Current assets EUR 8,544,811.02
Stocks EUR 4,374,251.77
Finished goods / work in
progress EUR 3,976,408.80
Advance payments
made EUR 397,842.97
Accounts receivable EUR 3,666,017.45
Trade debtors EUR 1,479,227.95
Amounts due from
investee companies EUR 1,684,392.62
Other debtors and
assets EUR 502,396.88
Liquid means EUR 504,541.80
Remaining other
assets EUR 58,001.40
Accruals (assets) EUR 58,001.40
LIABILITIES EUR 8,814,921.37
Shareholders' equity EUR 2,778,572.54
Capital EUR 138,000.00
Subscribed capital
(share capital) EUR 138,000.00
Balance sheet profit/loss
(+/-) EUR 2,640,572.54
Balance sheet profit /
loss EUR 2,640,572.54
Provisions EUR 54,867.00
Other / unspecified
provisions EUR 54,867.00
Liabilities EUR 5,981,132.07
Financial debts EUR 4,049,058.65
Liabilities due to
banks EUR 4,049,058.65
Other liabilities EUR 1,932,073.42
Trade creditors (for IAS
incl. bills
of exchange) EUR 1,571,810.17
Liabilities due to
investee companiesEUR 178,106.05
Unspecified other
liabilities EUR 182,157.20
Other liabilities EUR 349.76
Deferrals
(liabilities) EUR 349.76
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 24,821,442.37
Inventory change + own
costs (+/-) EUR -30,000.00
Inventory change
(+/-) EUR -30,000.00
Other operating
income EUR 501,453.55
Cost of materials EUR 20,076,417.38
Raw materials and
supplies, purchased
goods EUR 19,329,972.36
Purchased services EUR 746,445.02
Gross result (+/-) EUR 5,216,478.54
Staff expenses EUR 1,180,054.60
Wages and salaries EUR 1,012,254.73
Social security
contributions and
expenses for pension
plans and
benefits EUR 167,799.87
Total depreciation EUR 69,850.64
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 69,850.64
Other operating
expenses EUR 2,215,028.54
Operating result from
continuing
operations EUR 1,751,544.76
Interest result (+/-) EUR -32,434.86
Interest and similar
income EUR 110,517.48
Interest and similar
expenses EUR 142,952.34
Other financial
result EUR -880.13
Depreciation on financial
assets and
marketable
securities EUR 880.13
Financial result
(+/-) EUR -33,314.99
Result from ordinary
operations (+/-) EUR 1,718,229.77
Income tax / refund of
income tax (+/-)EUR -477,169.55
Other taxes / refund of
taxes EUR -1,291.06
Tax (+/-) EUR -478,460.61
Annual surplus / annual
deficit EUR 1,239,769.16
TYPE OF BALANCE SHEET: COMPANY BALANCE SHEET
FINANCIAL YEAR: 01.01.2012
- 31.12.2012
ASSETS EUR 4,390,609.53
Fixed assets EUR 189,214.08
Intangible assets EUR 17,643.00
Other / unspecified
intangible assetsEUR
17,643.00
Tangible assets EUR 145,689.00
Other / unspecified
tangible assets EUR 145,689.00
Financial assets EUR 25,882.08
Other / unspecified
financial assets EUR
25,882.08
Current assets EUR 4,159,931.43
Stocks EUR 1,708,546.68
Accounts receivable EUR 2,295,662.18
Other debtors and
assets EUR 2,295,662.18
Liquid means EUR 155,722.57
Remaining other assets EUR 41,464.02
Accruals (assets) EUR 41,464.02
LIABILITIES EUR 4,390,609.53
Shareholders' equity EUR 2,038,803.38
Capital EUR 138,000.00
Subscribed capital
(share capital) EUR 138,000.00
Balance sheet profit/loss
(+/-) EUR 1,900,803.38
Balance sheet profit /
loss EUR 1,900,803.38
Provisions EUR 169,160.26
Liabilities EUR 2,182,645.89
Other liabilities EUR 2,182,645.89
Unspecified other
liabilities EUR 2,182,645.89
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.97 |
|
|
1 |
Rs.102.90 |
|
Euro |
1 |
Rs.82.02 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NIS |
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.