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Report Date : |
11.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
MADNESS
THE NATURE TEXTILE COMPANY GMBH |
|
|
|
|
Registered Office : |
Moorweg
12 D 21261 Welle |
|
|
|
|
Country : |
Germany |
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|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
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Date of Incorporation : |
12.03.2009 |
|
|
|
|
Legal Form : |
Private
limited company |
|
|
|
|
Line of Business : |
Wholesale
of textiles |
|
|
|
|
No. of Employees : |
05 |
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 : |
Slow but correct |
|
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 |
MADNESS THE NATURE TEXTILE COMPANY
GmbH
Company Status: active
Moorweg 12
D 21261 Welle
Telephone:04188/894911
Telefax: 04188/891420
Homepage: www.madness-online.com
E-mail: info@madness-online.com
VAT no.: DE263034283
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 09.01.2009
Shareholders'
agreement: 09.01.2009
Registered on: 12.03.2009
Commercial Register: Local court 21255 Tostedt
under: HRB
201656
Share capital: EUR 25,000.00
Shareholder:
Matthias Warnke
Moorweg 12
D 21261 Welle
born: 21.11.1959
Share: EUR 15,000.00
Shareholder:
Baochun Ling
D 21261 Welle
Share: EUR 10,000.00
Manager:
Matthias Warnke
Moorweg 12
D 21261 Welle
having sole power of
representation
born: 21.11.1959
Profession: Businessman
Marital status: married
Further functions/participations of Matthias
Warnke (Manager)
General partner:
Matthias Warnke und Rainer
Lelewel
Neue Str. 8
D 21244 Buchholz
Legal form: Partnership
under the Civil Code
Main industrial sector
46410
Wholesale of textiles
Payment
experience: within periods customary in
this trade
Negative information:We have no negative
information at hand.
BALANCE SHEET YEAR: 2011
Type of ownership: Tenant
Address Moorweg
12
D
21261 Welle
Land register documents were not available.
VOLKSBANK LÜNEBURGER HEIDE, 21412 WINSEN
(LUHE)
Sort. code: 24060300
BIC: GENODEF1NBU
Turnover: 2012 EUR 1,500,000.00
Equipment: *EUR
35,000.00
Ac/ts receivable: EUR
240,522.00
Liabilities: EUR 218,687.00
Employees: 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 [%]: 27.13
Liquidity ratio: 1.10
Return on total capital [%]: 3.88
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 28.55
Liquidity ratio: 1.38
Return on total capital [%]: 10.75
Balance sheet ratios 09.01.2009 - 31.12.2009
Equity ratio [%]: 18.01
Liquidity ratio: 1.01
Return on total capital [%]: 7.56
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 327,832.26
Fixed assets EUR 11,320.13
Tangible assets EUR 11,225.59
Other / unspecified
tangible assets EUR 11,225.59
Financial assets EUR 94.54
Other / unspecified
financial assets EUR
94.54
Current assets EUR 281,456.21
Stocks EUR 40,781.48
Accounts receivable EUR 240,522.14
Other debtors and
assets EUR 240,522.14
Liquid means EUR 152.59
Remaining other
assets EUR 35,055.92
Accruals (assets) EUR 35,055.92
LIABILITIES EUR 327,832.26
Shareholders' equity EUR 88,932.99
Capital EUR 25,000.00
Subscribed capital
(share capital) EUR 25,000.00
Balance sheet profit/loss
(+/-) EUR 63,932.99
Profit / loss brought
forward EUR 51,221.07
Annual surplus / annual
deficit EUR 12,711.92
Provisions EUR 20,211.96
Liabilities EUR 218,687.31
Other liabilities EUR 218,687.31
Unspecified other
liabilities EUR 218,687.31
TYPE OF BALANCE SHEET: COMPANY
BALANCE SHEET
FINANCIAL YEAR: 01.01.2010
- 31.12.2010
ASSETS EUR 280,957.29
Fixed assets EUR 369.47
Tangible assets EUR 274.93
Other / unspecified
tangible assets EUR 274.93
Financial assets EUR 94.54
Other / unspecified
financial assets EUR
94.54
Current assets EUR 256,087.02
Stocks EUR 36,201.93
Accounts receivable EUR 219,822.70
Other debtors and
assets EUR 219,822.70
Liquid means EUR 62.39
Remaining other
assets EUR 24,500.80
Accruals (assets) EUR 24,500.80
LIABILITIES EUR 280,957.29
Shareholders' equity EUR 76,221.07
Capital EUR 25,000.00
Subscribed capital
(share capital) EUR 25,000.00
Balance sheet profit/loss
(+/-) EUR 51,221.07
Profit / loss brought
forward EUR 21,008.19
Annual surplus / annual
deficit EUR 30,212.88
Items between
shareholders' equity and
debt capital EUR 8,000.00
Special items with
reserve funds EUR 8,000.00
Provisions EUR 37,611.67
Liabilities EUR 159,124.55
Other liabilities EUR 159,124.55
Unspecified other
liabilities EUR 159,124.55
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.20 |
|
|
1 |
Rs.102.35 |
|
Euro |
1 |
Rs.84.95 |
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.