|
Report Date : |
10.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
CALMAGS
GMBH |
|
|
|
|
Registered Office : |
Stadtkoppel
26 D 21337 Lüneburg |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
01.06.1999 |
|
|
|
|
Legal Form : |
Private
limited company |
|
|
|
|
Line of Business : |
Wholesale
of chemical products |
|
|
|
|
No. of Employees : |
11 |
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 |
|
Status : |
Satisfactory |
|
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 |
CALMAGS GMBH
Company Status: active
Stadtkoppel 26
D 21337 Lüneburg
Telephone:04131/872140
Telefax: 04131/8721414
Homepage: www.calmags.de
E-mail: info@calmags.de
VAT no.: DE812677562
Tax ID number: 33/211/00918
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1999
Begin of business
activities: 01.04.1999
Shareholders'
agreement: 26.03.1999
Registered on: 01.06.1999
Commercial Register: Local court 21335
Lüneburg
under: HRB
1960
Share capital: EUR 50,400.00
Shareholder:
Andreas Graap
Am Walde 7
D 21397 Barendorf
born: 25.01.1963 in
Hamburg
Share: EUR 10,100.00
Shareholder:
Harald Wetzer
Breslauer Str. 21
D 21337 Lüneburg
born: 07.04.1955 in
Hamburg
Share: EUR 10,100.00
Shareholder:
Cornelia von Bloh
Itzenbütteler Mühlenweg
41
D 21227 Bendestorf
born: 31.10.1969 in
Hamburg
née: Fiedler
Share: EUR 10,100.00
Shareholder:
Thomas Schulz
Seyerberg 25
D 29553 Bienenbüttel
born: 25.04.1973 in
Uelzen
Share: EUR 10,100.00
Shareholder:
Dr. Paul Lohmann GmbH KG.
Hauptstr. 2
D 31860 Emmerthal
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR 5,100,000.00
contribution:
Share: EUR 10,000.00
Registered on: 01.01.1961
Reg. data: 30175
Hannover, HRA 100045
Manager:
Andreas Graap
Am Walde 7
D 21397 Barendorf
having sole power of
representation
born: 25.01.1963 in
Hamburg
Profession: Businessman
Marital status: married
Manager:
Harald Wetzer
Breslauer Str. 21
D 21337 Lüneburg
having sole power of
representation
born: 07.04.1955 in
Hamburg
Profession: Businessman
Marital status: married
Manager:
Cornelia von Bloh
Itzenbütteler Mühlenweg
41
D 21227 Bendestorf
having sole power of
representation
born: 31.10.1969 in
Hamburg
née: Fiedler
Marital status: married
Manager:
Thomas Schulz
Seyerberg 25
D 29553 Bienenbüttel
having sole power of
representation
born: 25.04.1973 in
Uelzen
Profession: Businessman
Proxy:
Janning Lange
D 29559 Wrestedt
having sole power of
representation
born: 22.10.1971
01.04.1999 - 30.03.2002 Calmags
GmbH
Stadtkoppel
41-43
D
21337 Lüneburg
Private limited company
Sectors
20590
Manufacture of other chemical products n.e.c.
46750 Wholesale of chemical products
Payment
experience: within agreed terms
Negative information:We have no negative
information at hand.
BALANCE SHEET YEAR: 2012
Type of ownership: Tenant
Address Stadtkoppel
26
D 21337 Lüneburg
Land register documents were not available.
Principal bank
SPARKASSE LÜNEBURG, 21309 LÜNEBURG
Sort. code: 24050110, Account no.: 14316
BIC: NOLADE21LBG
Further bank
UNICREDIT BANK - HYPOVEREINSBANK, 21335
LÜNEBURG
Sort. code: 20030000, Account no.: 613545110
BIC: HYVEDEMM300
Turnover: 2012 EUR 6,225,490.00
Profit: 2012 EUR 289,495.00
Ac/ts receivable: EUR
966,473.00
Liabilities: EUR 847,485.00
Employees:
11
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 51.12
Liquidity ratio: 1.39
Return on total capital [%]: 15.08
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 46.61
Liquidity ratio: 1.93
Return on total capital [%]: 16.62
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 45.89
Liquidity ratio: 2.22
Return on total capital [%]: 23.28
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 59.40
Liquidity ratio: 10.00
Return on total capital [%]: 26.28
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
1,925,034.99
Fixed assets EUR
79,591.50
Intangible assets EUR 9,502.50
Tangible assets EUR 70,089.00
Current assets EUR
1,803,693.29
Stocks
EUR 713,648.56
Accounts receivable EUR 966,473.18
Liquid means EUR
123,571.55
Remaining other assets
EUR 41,750.20
Accruals (assets)
EUR 41,750.20
LIABILITIES EUR
1,925,034.99
Shareholders' equity EUR 959,372.04
Capital EUR 50,400.00
Subscribed capital
(share capital) EUR 50,400.00
Reserves EUR 1,138.22
Capital reserves EUR 1,138.22
Balance sheet profit/loss (+/-)
EUR 907,833.82
Profit / loss brought forward EUR 618,338.84
Annual surplus / annual deficit
EUR 289,494.98
Provisions EUR
118,178.40
Liabilities EUR 847,484.55
thereof total due to
shareholders EUR 27,000.00
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2011
- 31.12.2011
ASSETS EUR 1,922,885.40
Fixed assets EUR 57,611.50
Intangible assets EUR
7,473.50
Other / unspecified intangible assets EUR 7,473.50
Tangible assets EUR
50,138.00
Other / unspecified tangible assets EUR 50,138.00
Current assets EUR 1,828,313.07
Stocks EUR 521,001.45
Accounts receivable EUR
1,032,510.15
Other debtors and assets EUR 1,032,510.15
Liquid means EUR 274,801.47
Remaining other assets EUR
36,960.83
Accruals (assets) EUR
36,960.83
LIABILITIES EUR
1,922,885.40
Shareholders' equity EUR
851,225.68
Capital EUR 50,400.00
Subscribed capital (share capital) EUR 50,400.00
Reserves EUR 1,138.22
Capital reserves EUR
1,138.22
Balance sheet profit/loss (+/-) EUR 799,687.46
Profit / loss brought forward EUR 480,639.94
Annual surplus / annual deficit EUR 319,047.52
Provisions EUR 215,295.28
Liabilities EUR 856,364.44
Other liabilities EUR
856,364.44
Unspecified other liabilities EUR 856,364.44
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.99 |
|
|
1 |
Rs.102.07 |
|
Euro |
1 |
Rs.84.53 |
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.