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Report Date : |
24.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
LANDLEDER GMBH |
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|
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Registered Office : |
Creidlitzer Str. 3, D 96482 Ahorn |
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|
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Country : |
Germany |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
04.10.2010 |
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Com. Reg. No.: |
HRB 4880 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesaler of leather goods, luggage, giftware and advertising
articles |
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No of Employees : |
03 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow But Correct |
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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 |
LandLeder GmbH
Creidlitzer Str. 3
D 96482 Ahorn
Telephone: 09563/7263202
E-mail: info@landleder.de
Homepage: www.landleder.de
active
DE273936295
212/131/00154
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 04.10.2010
Shareholders'
agreement: 04.10.2010
Registered on: 14.10.2010
Commercial Register: Local
court 96450 Coburg
under: HRB
4880
Share capital:
EUR 25,500.00
Stephan Komo
Im Weidig 18
D 63785 Obernburg
born: 26.07.1961
Share: EUR 8,500.00
Shareholder:
Tassilo Kühlein
Rothinestr. 21
D
96472 Rödental
born:
12.05.1953
Share: EUR 8,500.00
Shareholder:
Siegfried Voigt
Professor-Arneth-Str. 8
D
96215 Lichtenfels
born:
06.06.1955
Share: EUR 8,500.00
Tassilo Kühlein
Rothinestr. 21
D 96472 Rödental
having sole power of representation
born: 12.05.1953
Profession: Businessman
Further
functions/participations of Tassilo Kühlein (Manager)
Proprietor:
Tassilo Kühlein
Haiger
Str. 16 OT Gundelsdorf
D
96317 Kronach
Legal form: Unregistered commercial
enterprise
14.10.2010 -
12.04.2011 LandLeder UG
(haftungsbeschränkt)
Rothinestr. 21
D 96472 Rödental
Entrepreneur Company
(limited liability)
12.04.2011 -
19.02.2014 LandLeder GmbH
Rothinestr. 21
D 96472 Rödental
Private limited company
Main industrial sector
46493 Wholesaler of
leather goods, luggage, giftware and advertising articles
Payment experience: Slow
but Correct
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: Tenant
Address Creidlitzer Str. 3
D 96482 Ahorn
Land register documents were not available.
COMMERZBANK VORMALS DRESDNER BANK, 96405 COBURG
Sort. code: 76080040
BIC: DRESDEFF760
Turnover: 2013 *EUR 540,000.00
Equipment: *EUR 21,000.00
Ac/ts receivable: *EUR 39,000.00
Liabilities: EUR 223,067.00
Total numbers of vehicles: 1
Employees:
3
-
Temporary workers:
1
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(1)
Equity ratio [%]: 24.57
Liquidity ratio: 1.43
Return on total capital [%]: 1.54
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: -1.04
Liquidity ratio: 0.53
Return on total capital [%]: -41.14
Balance
sheet ratios 04.10.2010 - 31.12.2010
Equity ratio [%]: 45.57
Liquidity ratio: 10.00
Return on total capital [%]: -220.91
(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 243,238.60
Fixed
assets EUR 2,195.00
Current assets
EUR 230,596.70
Accounts receivable
EUR 0.00
thereof total due from shareholders
EUR 28,984.22
Remaining other assets
EUR 10,446.90
Accruals (assets)
EUR 10,184.20
Deficit not covered by shareholders'
equity
EUR 262.70
LIABILITIES EUR 243,238.60
Provisions
EUR 20,171.69
Liabilities
EUR 223,066.91
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 195,660.22
Fixed assets
EUR 2,070.00
Intangible assets
EUR 720.00
Other
/ unspecified intangible assetsEUR 720.00
Tangible assets
EUR 1,350.00
Other / unspecified tangible assets
EUR 1,350.00
Current assets
EUR 135,125.51
Stocks
EUR 45,382.67
Accounts receivable
EUR 71,546.87
Other debtors and assets
EUR 71,546.87
Liquid means
EUR 18,195.97
Remaining other assets
EUR 58,464.71
Accruals (assets)
EUR 13,753.80
Deficit not covered by shareholders'
equity
EUR 44,710.91
LIABILITIES EUR 195,660.22
Shareholders' equity
EUR 0.00
Capital
EUR 25,500.00
Subscribed capital (share capital)
EUR 25,500.00
Balance sheet profit/loss (+/-)
EUR -70,210.91
Profit / loss brought forward
EUR -12,781.99
Annual surplus / annual deficit
EUR -57,428.92
Other shareholders' equity (+/-) EUR 44,710.91
Deficit not covered by shareholders'
equity
EUR 44,710.91
Provisions
EUR 9,425.19
Liabilities
EUR 186,235.03
Other liabilities
EUR 186,235.03
Unspecified other liabilities
EUR 186,235.03
(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.58.48 |
|
UK Pound |
1 |
Rs.98.67 |
|
Euro |
1 |
Rs.79.81 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
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.