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Report Date : |
07.06.2014 |
IDENTIFICATION DETAILS
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Name : |
JP STOFF-EXPORT
GMBH |
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|
|
|
Registered Office : |
Siemensstr. 2, D 64546
Mörfelden-Walldorf |
|
|
|
|
Country : |
Germany |
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|
|
|
Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
14.03.2002 |
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|
|
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Com. Reg. No.: |
HRB 54700 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Engaged in wholesaling Linings, Silk Fabrics, Velvet, Linen Fabrics,
Woolens, Summer Fabrics, Denims, Jersey Fabrics, Furnishing
Fabrics & Organza ·
Engaged in
wholesaling of textiles ·
Engaged in
retail sale of textiles |
|
|
|
|
No of Employees : |
10 |
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 |
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Status : |
Satisfactory |
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|
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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 – 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 |
Company name
JP Stoff-Export GmbH
Siemensstr. 2
D 64546 Mörfelden-Walldorf
Telephone: 06105/277976
Telefax: 06105/277683
Homepage: www.jpstoffexport.de
E-mail:
info@jpstoffexport.de
active
DE813402678
007 236 52876
Business relations are permissible.
LEGAL FORM Private
limited company
Registered on: 14.03.2002
Commercial Register: Local court 64283 Darmstadt
under: HRB
54700
Share capital: EUR 25,000.00
Dr.-Ing. Petros Kalivianakis
Thomastr. 19
D 64546 Mörfelden-Walldorf
born: 02.02.1962
Share: EUR 25,000.00
Dr.-Ing. Petros Kalivianakis
Thomastr. 19
D 64546 Mörfelden-Walldorf
having sole power of representation
born: 02.02.1962
Profession: graduate engineer
Nationality: Greek
Marital status: married
Manager:
Ioannis Kalivianakis
Isarstr. 7
D 64347 Griesheim
having sole power of
representation
born: 21.12.1957
Further
functions/participations of Dr.-Ing. Petros Kalivianakis
(Manager)
Proprietor:
Petros Kalivianakis
Siemensstr. 2
D 64546
Mörfelden-Walldorf
Legal form: Unregistered
commercial
enterprise
·
Engaged in wholesaling Linings, Silk Fabrics, Velvet, Linen Fabrics,
Woolens, Summer Fabrics, Denims, Jersey Fabrics, Furnishing Fabrics &
Organza
·
Engaged in
wholesaling of textiles
·
Engaged in
retail sale of textiles
Payment experience: within agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2012
Type of ownership: Tenant
Address Siemensstr.
2
D 64546 Mörfelden-Walldorf
Land register documents were not
available.
KREISSPARKASSE GROß-GERAU, 64504
GROß-GERAU
Sort. code: 50852553, Account no.: 900571
BIC: HELADEF1GRG
Turnover: 2012 *EUR 1,375,000.00
2013 *EUR 1,375,000.00
Profit: 2012 EUR 95,400.00
further business figures:
Equipment: *EUR 80,000.00
Ac/ts receivable: EUR 129,174.00
Liabilities: EUR 78,683.00
Employees:
10
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 [%]: 57.06
Liquidity ratio: 10.00
Return on total capital [%]: 20.60
Balance sheet grade: 1.0
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 61.13
Liquidity ratio: 10.00
Return on total capital [%]: 17.86
Balance sheet grade: 1.0
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 67.54
Liquidity ratio: 10.00
Return on total capital [%]: 11.64
Balance sheet grade: 1.3
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 56.73
Liquidity ratio: 4.30
Return on total capital [%]: 7.77
Balance sheet grade: 1.4
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: 01.01.2012 - 31.12.2012
ASSETS EUR 566,380.23
Fixed assets
EUR 72,912.00
Tangible assets
EUR 72,912.00
Other / unspecified tangible assets
EUR 72,912.00
Current assets
EUR 469,468.23
Stocks
EUR 127,500.00
Accounts receivable
EUR 129,173.92
Other debtors and assets
EUR 129,173.92
Liquid means EUR 212,794.31
Remaining other assets
EUR 24,000.00
Accruals (assets)
EUR 24,000.00
LIABILITIES EUR 566,380.23
Shareholders' equity
EUR 367,530.21
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR 342,530.21
Profit / loss brought forward
EUR 247,130.64
Annual surplus / annual deficit
EUR 95,399.57
Provisions
EUR 120,167.45
Liabilities
EUR 78,682.57
Other liabilities
EUR 78,682.57
Unspecified other liabilities
EUR 78,682.57
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 445,160.59
Fixed assets
EUR 60,527.00
Tangible assets
EUR 60,527.00
Other / unspecified tangible assets
EUR 60,527.00
Current assets
EUR 384,633.59
Stocks
EUR 131,800.00
Accounts receivable
EUR 142,651.96
Other debtors and assets
EUR 142,651.96
Liquid means
EUR 110,181.63
LIABILITIES EUR 445,160.59
Shareholders' equity
EUR 272,130.64
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR 247,130.64
Profit / loss brought forward
EUR 167,635.74
Annual surplus / annual deficit
EUR 79,494.90
Provisions
EUR 97,247.47
Liabilities
EUR 75,782.48
Other liabilities
EUR 75,782.48
Unspecified other liabilities
EUR 75,782.48
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.20 |
|
UK Pound |
1 |
Rs.99.52 |
|
Euro |
1 |
Rs.80.83 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.