|
Report Date : |
12.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
KLEINSORGE GLOBAL SOURCING GMBH & CO. KG |
|
|
|
|
Registered Office : |
Askay 12, D 57439 Attendorn |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
19.12.2007 |
|
|
|
|
Com. Reg. No.: |
HRA 8201 |
|
|
|
|
Legal Form : |
Ltd partnership with priv. ltd.
company as general partner |
|
|
|
|
Line of Business : |
Other service activities [We tried to confirm / obtain the detailed activity but the same is
not available from any sources] |
|
|
|
|
No. of Employees : |
6 |
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 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately 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 |
KLEINSORGE GLOBAL SOURCING GMBH & CO. KG
Company Status: active
Askay 12
D 57439 Attendorn
Telephone:02722/63880
Telefax: 02722/6388500
Homepage:
www.kleinsorge.de
E-mail: info@kleinsorge.de
VAT no.: DE126180821
Tax ID number: 338/5850/3540
Business relations are permissible.
LEGAL FORM Ltd
partnership with priv. ltd. company as general partner
Date of foundation: 19.12.2007
Registered on: 19.12.2007
Register of
companies: Local
court 57072 Siegen
under: HRA
8201
Total cap. contribution: EUR 500,000.00
Limited
partner:
Bernhard Schulte
Am Rott 4
D 57413 Finnentrop
born: 09.11.1946
Share: EUR 250,000.00
Limited
partner:
Georg Hallschmied
Obere Kampstr. 31
D 57399 Kirchhundem
born: 05.06.1961
Share: EUR 250,000.00
General
partner:
Kleinsorge Holding GmbH
Askay 12
D 57439 Attendorn
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered on: 17.12.2007
Reg. data: 57072 Siegen,
HRB 8446
Shareholder:
Kleinsorge Global Sourcing
GmbH & Co. KG
Askay 12
D 57439 Attendorn
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR 500,000.00
contribution:
Share: EUR 25,000.00
Registered on: 19.12.2007
Reg. data: 57072 Siegen,
HRA 8201
Manager:
Georg Hallschmied
Obere Kampstr. 31
D 57399 Kirchhundem
having sole power of
representation
born: 05.06.1961
Profession: Businessman
Manager:
Carsten Schulte
Am Rott 39
D 57413 Finnentrop
having sole power of
representation
born: 08.03.1974
Main
industrial sector
96090
Other service activities n. e. c.
Shareholder:
Kleinsorge Holding GmbH
Askay 12
D 57439 Attendorn
Legal form: Private
limited company
Company Status:
active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 17.12.2007
Local court
57072 Siegen
HRB 8446
Payment experience: within
periods customary in this trade
Negative information: We have no negative information at hand.
Balance sheet year: 2012
Type of ownership: Tenant
Address Askay
12
D 57439 Attendorn
Real Estate of: Kleinsorge
Holding GmbH
Type of ownership: Tenant
Address Askay
12
D 57439 Attendorn
Land register documents were not available.
SPARKASSE FINNENTROP, 57401 FINNENTROP
Sort. code: 46251590
BIC: WELADED1FTR
Turnover:
2012 EUR 14,200,000.00
2013 EUR 14,800,000.00
further business figures:
Equipment: *EUR 42,000.00
Ac/ts receivable: EUR
645,537.00
Liabilities: EUR 4,040,285.00
Employees:
6
The business figures marked with an asterisk
are estimates based
on average values in the line of business.
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 32.78
Liquidity ratio: 0.23
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 64.70
Liquidity ratio: 3.07
Balance
sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 59.19
Liquidity ratio: 4.48
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 78.13
Liquidity ratio: 10.00
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.
Type of balance sheet: Company balance sheet
Financial
year: 01.01.2012 - 31.12.2012
ASSETS EUR 4,377,824.90
Fixed assets
EUR 25,150.00
Financial assets
EUR 25,150.00
Other / unspecified financial assets EUR 25,150.00
Current assets
EUR 4,351,543.90
Stocks
EUR 3,688,741.00
Accounts receivable
EUR 645,536.58
Liquid
means EUR 17,266.32
Remaining other assets
EUR 1,131.00
Accruals (assets)
EUR 1,131.00
LIABILITIES EUR 4,377,824.90
Shareholders' equity
EUR 175,000.00
Capital
EUR 150,000.00
Limited partner's capital / capital
of partially liable partner (LP)
EUR 150,000.00
Reserves
EUR 25,000.00
Items between shareholders' equity and
debt capital
EUR 25,000.00
Balancing items for capitalised own
shares in cos. acting as general
partners
EUR 25,000.00
Provisions
EUR 137,540.00
Liabilities
EUR 4,040,284.90
Type of
balance sheet: Company balance sheet
Financial
year: 01.01.2011 - 31.12.2011
ASSETS EUR 1,868,794.04
Fixed assets
EUR 25,150.00
Financial assets
EUR 25,150.00
Other / unspecified financial assets EUR 25,150.00
Current assets
EUR 1,843,644.04
Stocks
EUR 125,052.11
Accounts receivable
EUR 1,710,362.65
Other debtors and assets
EUR 1,710,362.65
Liquid means
EUR 8,229.28
LIABILITIES EUR 1,868,794.04
Shareholders' equity
EUR 525,000.00
Capital
EUR 500,000.00
Limited partner's capital / capital
of partially liable partner (LP)
EUR 500,000.00
Reserves
EUR 25,000.00
Items between shareholders' equity and
debt capital
EUR 25,000.00
Balancing items for capitalised own
shares in cos. acting as general
partners
EUR 25,000.00
Provisions
EUR 69,800.00
Liabilities
EUR 1,248,994.04
Other liabilities
EUR 1,248,994.04
Unspecified other liabilities
EUR 1,248,994.04
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.19 |
|
|
1 |
Rs.103.15 |
|
Euro |
1 |
Rs.81.87 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NNA |
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.