|
Report Date : |
03.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
ZETTL
GMBH |
|
|
|
|
Registered Office : |
Flurstr.
3 D 86477 Adelsried |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
09.12.1986 |
|
|
|
|
Legal Form : |
Private
limited company |
|
|
|
|
Line of Business : |
·
Preparation
and spinning of textile fibers ·
Retail
sale of textiles |
|
|
|
|
No. of Employees : |
24 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
64,000
EUR |
|
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 – 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, 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 |
ZETTL GMBH
Company Status: active
Flurstr. 3
D 86477 Adelsried
Telephone:08294/86070
Telefax: 08294/2052
Homepage: www.zettl-adelsried.de
E-mail: michalke@zettl.de
VAT no.: E127471239
Tax ID number: 102/143/30011
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1957
Shareholders'
agreement: 23.09.1986
Registered on: 09.12.1986
Commercial Register: Local court 86150 Augsburg
under: HRB
9579
Share capital: EUR 25,564.60
Shareholder:
Andreas Zettl
Biburger Str. 8
D 86482 Aystetten
born: 14.06.1964
Share: EUR 19,684.74
Shareholder:
Waltraud Zettl
Hubertusweg 9
D 86482 Aystetten
born: 28.09.1946
Share: EUR 5,879.86
Manager:
Andreas Zettl
Biburger Str. 8
D 86482 Aystetten
having sole power of
representation
born: 14.06.1964
Profession: Businessman
Marital status: married
Further functions/participations of Andreas
Zettl (Manager)
General partner:
Annette Zettl, Andreas
Zettl
Biburger Str. 8
D 86482 Aystetten
Legal form: Partnership
under the Civil Code
1957 - 09.12.1986 Alfred Zettl
Flurstr. 3
D 86477 Adelsried
Unregistered commercial enterprise
Main industrial sector
131 Preparation and spinning of textile fibers
47510 Retail sale of textiles
Payment
experience: within agreed terms
Negative
information:We have no negative information at hand.
Maximum
credit: 64,000 EUR
Type of ownership: Tenant
Address Flurstr.
3
D 86477 Adelsried
Land register documents were not available.
Principal bank
UNICREDIT BANK - HYPOVEREINSBANK, 86002
AUGSBURG, BAY
Sort. code: 72020070
BIC: HYVEDEMM408
Further bank
RAIFFEISENBANK AUGSBURGER LAND WEST, 86465
WELDEN B AUGSBURG
Sort. code: 72069274
BIC: GENODEF1ZUS
Financial year: 01.01.
- 31.12.
Turnover: 2013 *EUR 2,400,000.00
Share capital: EUR 25,564.60
Equipment: EUR 800,000.00
Ac/ts receivable: EUR
3,000,000.00
Liabilities: EUR 480,000.00
Total numbers of vehicles: 8
- Lorries:
1
- Passenger cars: 7
Employees: 24
The business figures marked with an asterisk
are estimates based
on average values in the line of business.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.07 |
|
|
1 |
Rs.103.61 |
|
Euro |
1 |
Rs.85.03 |
INFORMATION DETAILS
|
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.