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Report Date : |
28.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
RSG ELECTRONIC COMPONENTS GMBH |
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|
|
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Registered Office : |
Sprendlinger Landstr. 115, D 63069 Offenbach |
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Country : |
Germany |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
1983 |
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Com. Reg. No.: |
HRB 6901 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesale of electronic and
telecommunications equipment and parts |
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No. of Employees : |
15 |
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 |
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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 |
RSG ELECTRONIC COMPONENTS GMBH
Company Status: active
Sprendlinger Landstr. 115
D 63069 Offenbach
Telephone:069/9840470
Telefax: 069/98404777
Homepage:
www.rsg-electronic.de
E-mail: info@rsg-electronic.de
VAT no.: DE113582630
Tax ID number: 044
242 60212
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1983
Shareholders'
agreement: 21.10.1985
Registered on: 11.03.1988
Commercial Register: Local court 63065 Offenbach
under: HRB
6901
Share
capital: EUR 77,000.00
Shareholder:
Acal GmbH
Mainzer Landstr. 47
D 60329 Frankfurt
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 77,000.00
Registered on: 19.04.2011
Reg. data: 60313
Frankfurt, HRB 90789
Manager:
Herbert Gotta
Am Rektorskreuz 18a
D 64807 Dieburg
having sole power of
representation
born: 22.07.1960
Profession: Businessman
21.10.1985 - 10.03.1988 SGA
Wirtschaftswerbung GmbH
D 61350 Bad Homburg
Private limited company
11.03.1988 - 31.12.1995 RSG
Electronoc Components GmbH
Ludwigstr.
64
D 63067 Offenbach
Private limited company
Main
industrial sector
46520
Wholesale of electronic and telecommunications equipment and parts
Payment experience: cash
discount/within agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2012
Type of ownership: Tenant
Address Sprendlinger
Landstr. 115
D 63069 Offenbach
Land register documents were not available.
COMMERZBANK, 63003 OFFENBACH AM MAIN
Sort. code: 50540028, Account no.: 460009400
BIC: COBADEFF505, IBAN: DE33505400280460009400
UNICREDIT BANK - HYPOVEREINSBANK, 60003
FRANKFURT AM MAIN
Sort. code: 50320191, Account no.: 4270391066
BIC: HYVEDEMM430, IBAN: DE84503201914270391066
Turnover: 2012 EUR 5,000,000.00
2013 EUR 5,000,000.00
Profit: 2012 EUR 501,207.00
further business figures:
Equipment: *EUR 81,000.00
Ac/ts receivable: EUR
246,390.00
Liabilities: EUR 132,346.00
Employees:
15
- Part-time employees: 3
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 [%]: 92.05
Liquidity ratio: 10.00
Return on total capital [%]: 13.07
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 90.45
Liquidity ratio: 10.00
Return on total capital [%]: 24.84
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 77.44
Liquidity ratio: 10.00
Return on total capital [%]: 28.64
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 66.70
Liquidity ratio: 10.00
Return on total capital [%]: 27.58
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 3,839,150.06
Fixed assets
EUR 43,730.00
Intangible assets
EUR 10,965.00
Tangible assets EUR 32,765.00
Current assets
EUR 3,790,249.44
Stocks
EUR 714,253.33
Accounts receivable
EUR 246,389.56
Liquid means
EUR 2,829,606.55
Remaining other assets
EUR 5,170.62
Accruals (assets)
EUR 5,170.62
LIABILITIES EUR 3,839,150.06
Shareholders' equity
EUR 3,534,521.99
Capital
EUR 77,000.00
Subscribed capital (share capital)
EUR 77,000.00
Balance sheet profit/loss (+/-)
EUR 3,457,521.99
Profit / loss brought forward
EUR 2,956,315.32
Annual surplus / annual deficit
EUR 501,206.67
Provisions
EUR 170,235.00
Liabilities
EUR 132,345.96
Other liabilities
EUR 2,047.11
Deferrals (liabilities)
EUR 2,047.11
Type of
balance sheet: Company
balance sheet
Financial
year: 01.01.2011 - 31.12.2011
ASSETS EUR 3,353,107.46
Fixed assets
EUR 27,640.92
Intangible assets
EUR 7,027.59
Other / unspecified intangible assetsEUR 7,027.59
Tangible assets
EUR 20,613.33
Other / unspecified tangible assets
EUR 20,613.33
Current assets
EUR 3,325,466.54
Stocks EUR 623,346.30
Accounts receivable
EUR 459,753.67
Other debtors and assets
EUR 459,753.67
Liquid means
EUR 2,242,366.57
LIABILITIES EUR 3,353,107.46
Shareholders' equity
EUR 3,033,315.32
Capital
EUR 77,000.00
Subscribed capital (share capital)
EUR 77,000.00
Balance sheet profit/loss (+/-) EUR 2,956,315.32
Profit / loss brought forward
EUR 2,124,181.04
Annual surplus / annual deficit
EUR 832,134.28
Provisions
EUR 188,059.00
Liabilities
EUR 131,733.14
Other liabilities
EUR 131,733.14
Unspecified other liabilities
EUR 131,733.14
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.13 |
|
|
1 |
Rs.99.65 |
|
Euro |
1 |
Rs.82.91 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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.