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Report Date : |
07.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
RICANO LEDERBEKLEIDUNG GMBH |
|
|
|
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Registered Office : |
Siebenmorgenweg 8 D 53229 Bonn |
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|
|
|
Country : |
Germany |
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|
|
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
02.05.1990 |
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|
|
|
Legal Form : |
Private limited company |
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|
|
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Line of Business : |
Retail sale of leatheware and baggage |
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|
|
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No. of Employees : |
06 |
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 |
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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 – 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 |
RICANO
LEDERBEKLEIDUNG GMBH
Company Status: active
Siebenmorgenweg 8
D 53229 Bonn
Telephone:0228/469877
Telefax: 0228/467446
Homepage: www.ricano.de
E-mail: info@ricano.de
VAT no.: DE122267186
Tax ID number: 206/5946/0035
LEGAL FORM Private limited company
Date of foundation: 01.01.1987
Shareholders'
agreement: 10.03.1990
Registered on: 02.05.1990
Commercial Register: Local court 53111 Bonn
under: HRB 5164
Share capital: EUR 51,129.19
Shareholder:
Stefanos Adamopoulos
Heidebergenstr. 5
D 53229 Bonn
born: 17.04.1953
Share: EUR 51,129.19
Manager:
Stefanos Adamopoulos
Heidebergenstr. 5
D 53229 Bonn
having sole power of representation
born: 17.04.1953
Profession: Businessman
Nationality: Greek
Marital status: married
01.01.1987 - 02.05.1990 Stefanos Adamopoulos
Siebenmorgenweg 8
D 53229 Bonn
Unregistered commercial enterprise
Main industrial sector
47722 Retail sale of leatheware and baggage
47919 Other retail sale via mail-order houses or Internet
Secondary industrial sector
47710 Retail sale of clothing
Branch:
RICANO Lederbekleidung GmbH
Acherstr. 23
D 53111 Bonn
Payment experience: within agreed terms
Negative information:We have no negative information at hand.
BALANCE SHEET
YEAR: 2011
Type of ownership: Tenant
Address Siebenmorgenweg 8
D 53229 Bonn
Real Estate of: Stefanos Adamopoulos
Type of ownership: unknown
Address Heidebergenstr. 5
D 53229 Bonn
Land register documents were not available.
Principal bank
SPARKASSE KÖLNBONN, 50667 KÖLN
Sort. code: 37050198, Account no.: 14787
BIC: COLSDE33XXX
Further bank
VOLKSBANK BONN RHEIN-SIEG, 53015 BONN
Sort. code: 38060186
BIC: GENODED1BRS
Turnover: 2012 EUR 950,000.00
Expected turnover: EUR 1,000,000.00
Equipment: *EUR 54,000.00
Ac/ts receivable: EUR 96,549.00
Liabilities: EUR 313,666.00
Employees: 6
- thereof permanent staff: 5
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 [%]: 18.61
Liquidity ratio: 0.32
Return on total capital [%]: 1.25
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 17.16
Liquidity ratio: 0.40
Return on total capital [%]: 1.63
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 16.09
Liquidity ratio: 0.28
Return on total capital [%]: 1.67
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 14.58
Liquidity ratio: 0.23
Return on total capital [%]: 1.44
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: 01.01.2011
- 31.12.2011
ASSETS EUR 385,711.72
Fixed assets EUR 2,504.50
Intangible assets EUR 690.00
Other / unspecified intangible assets EUR 690.00
Tangible assets EUR 1,814.50
Other / unspecified tangible assets EUR 1,814.50
Current assets EUR 380,272.22
Stocks EUR 273,072.37
Accounts receivable EUR 96,548.78
Other debtors and assets EUR 96,548.78
Liquid means EUR 10,651.07
Remaining other assets EUR 2,935.00
Accruals (assets) EUR 2,935.00
LIABILITIES EUR 385,711.72
Shareholders' equity EUR 72,046.11
Capital EUR 38,346.89
Subscribed capital (share capital) EUR 51,129.19
thereof not yet paid-up capital EUR 51,129.19
thereof called EUR 38,346.89
thereof uncalled outstanding
contributions EUR 12,782.30
Balance sheet profit/loss (+/-) EUR 33,699.22
Profit / loss brought forward EUR 28,890.44
Annual surplus / annual deficit EUR 4,808.78
Liabilities EUR 313,665.61
Other liabilities EUR 313,665.61
Unspecified other liabilities EUR 313,665.61
Type of balance sheet:
Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 392,681.64
Fixed assets EUR 3,737.50
Intangible assets EUR 690.00
Tangible assets EUR 3,047.50
Current assets EUR 385,501.14
Stocks EUR 250,244.86
Accounts receivable EUR 127,283.51
Liquid means EUR 7,972.77
Remaining other assets EUR 3,443.00
Accruals (assets) EUR 3,443.00
LIABILITIES EUR 392,681.64
Shareholders' equity EUR 67,666.07
Capital EUR 38,346.89
Subscribed capital (share capital) EUR 51,129.19
Other capital EUR -12,782.30
Balance sheet profit/loss (+/-) EUR 29,319.18
Profit / loss brought forward EUR 22,904.84
Annual surplus / annual deficit EUR 6,414.34
Provisions EUR 464.00
Liabilities EUR 324,091.57
Other liabilities EUR 460.00
Deferrals (liabilities) EUR 460.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.32 |
|
|
1 |
Rs.102.54 |
|
Euro |
1 |
Rs.84.19 |
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.