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Report Date : |
03.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
MEID VERWALTUNGS
GMBH & CO.KG |
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|
|
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Registered Office : |
Seltersweg 6, D 35390 Gießen |
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|
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Country : |
Germany |
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|
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
04.12.1950 |
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|
|
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Com. Reg. No.: |
HRA 461 |
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|
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Legal Form : |
Ltd partnership with priv. ltd. company
as general partner |
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|
|
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Line of Business : |
Engaged in
management of commercial property and non-residential building on a fee or
contract basis |
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|
|
|
No of Employees : |
01 |
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 |
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Status : |
Satisfactory |
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|
|
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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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 |
Meid Verwaltungs GmbH & Co.KG
Seltersweg 6
D 35390 Gießen
Telephone: 0641/97269307
Telefax:
0641/75466
Homepage: www.leder-meid.de
E-mail:
leder-meid@t-online.de
active
Business relations are permissible.
LEGAL FORM Ltd
partnership with priv. ltd. company as general partner
Date of foundation: 1950
Registered on: 04.12.1950
Register of
companies: Local
court 35390 Gießen
under: HRA
461
Total cap. contribution: EUR 50,000.00
Frank Leibold
Seltersweg 6
D 35390 Gießen
born: 24.07.1962
Share: EUR 50,000.00
Meid GmbH
Seltersweg 6
D 35390 Gießen
Legal form: Private limited company
Share capital: EUR
26,075.88
Registered on: 24.07.1986
Reg. data: 35390 Gießen, HRB 1369
Frank Leibold
Seltersweg 6
D 35390 Gießen
born: 24.07.1962
Share: EUR 19,940.38
Shareholder:
Jörg Leibold-Meid
Burgstr. 2
D 35435 Wettenberg
born: 09.09.1955
Share: EUR 6,135.50
Frank Leibold
Untergasse 2
D 35037 Marburg
born: 24.07.1962
Profession: Businessman
Marital status: unknown
04.12.1950 - 19.04.2005 Leder-Meid GmbH & Co. KG
Seltersweg 6
D 35390 Gießen
Ltd partnership with
priv. ltd. company
as general partner
Main industrial sector
·
68322 Management of commercial property and
non-residential building on a fee or contract basis
·
70109 Other activities of head offices
Payment experience: without complaints
Negative information: We have no negative information at hand.
Balance sheet year: 2012
The depth
of balance sheet suggests that the company, as a so-called micro-entity in accordance with
art. 267a German Commercial Code, has
availed itself of the facilitations of the German Micro-Entities Amending
Account Law (MicBilG) This is why it is
possible that the resultant reduction of the depth of presentation in the annual accounts may
entail deviating calculation methods of
the respective balance sheet ratios and
thus to an altered Solvency Rating [NG] and/or balance sheet grade.
Type of ownership: proprietor
Share: 100.00 %
Address Seltersweg
6
D 35390 Gießen
Real Estate of: Meid
GmbH
Type of ownership: Tenant
Address Seltersweg
6
D 35390 Gießen
Land register documents were not
available.
SPARKASSE WETZLAR, 35576 WETZLAR
Sort. code: 51550035
BIC: HELADEF1WET
SPARKASSE GIEßEN, 35347 GIEßEN, LAHN
Sort. code: 51350025
BIC: SKGIDE5FXXX
Liabilities: EUR 4,932.00
Employees: 1
Balance sheet ratios 01.01.2012 -
31.12.2012(1)
Equity ratio [%]: 98.92
Liquidity ratio: 4.42
Return on total capital [%]: -0.70
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity
ratio [%]: 97.40
Liquidity ratio: 0.14
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 97.88
Liquidity ratio: 10.00
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 98.36
Liquidity ratio: 10.00
(1)
The depth of balance sheet suggests that the company, as a
so-called micro-entity in accordance with art.
267a German
Commercial Code, has availed itself of the
facilitations of the
German Micro-Entities Amending Account Law
(MicBilG) This is why
it
is possible that the resultant reduction of the depth of
presentation in the annual accounts may entail
deviating
calculation methods of the respective balance
sheet ratios and
thus to an altered Solvency Rating [NG] and/or
balance sheet
grade.
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: micro balance sheet
Financial year: 01.01.2012 - 31.12.2012 (2)
ASSETS EUR 1,301,229.89
Fixed assets
EUR 1,217,151.63
Current assets EUR 21,780.34
Remaining other assets
EUR 62,297.92
Accruals (assets)
EUR 5,409.52
Deficit not covered by shareholders'
equity
EUR 56,888.40
LIABILITIES EUR 1,301,229.89
Shareholders' equity
EUR 1,287,798.32
Provisions
EUR 8,500.00
Liabilities EUR 4,931.57
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 1,319,519.30
Fixed assets
EUR 1,268,538.63
Tangible assets
EUR 1,268,538.63
Other / unspecified tangible assets
EUR 1,268,538.63
Current assets
EUR 4,147.34
Accounts receivable EUR 3,314.11
Other debtors and assets
EUR 3,314.11
Liquid means
EUR 833.23
Remaining other assets
EUR 46,833.33
Deficit not covered by shareholders'
equity
EUR 46,833.33
LIABILITIES EUR 1,319,519.30
Shareholders' equity
EUR 1,286,436.60
Capital EUR 28,723.97
Capital of the fully liable partner
(LP, general partnership)
EUR 28,723.97
Capital contribution of gen.
partner/accounts of the pers. liable
shareholder EUR 28,723.97
Reserves
EUR 1,257,712.63
Provisions
EUR 8,557.00
Liabilities
EUR 24,525.70
Other liabilities EUR 24,525.70
Unspecified other liabilities
EUR 24,525.70
(2) The
abbreviated depth of presentation of the annual accounts may be atributed to
application of regulations within the German Micro-Entities Amending Accounting
Law.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.22 |
|
UK Pound |
1 |
Rs.101.68 |
|
Euro |
1 |
Rs.83.46 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
MNL |
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.