|
Report Date : |
21.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
GOLDEN NUGGET LEDERWAREN-VERTRIEBS
GMBH |
|
|
|
|
Registered Office : |
Bahnhofstr. 4 D 55595 Weinsheim |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
05.12.1994 |
|
|
|
|
Com. Reg. No.: |
HRB 3299 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
Wholesale of leather goods, luggage,
giftware and advertising articles |
|
|
|
|
No. of Employees : |
4 |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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 |
GOLDEN NUGGET LEDERWAREN-VERTRIEBS GMBH
Company Status: active
Bahnhofstr. 4
D 55595 Weinsheim
Telephone:06758/8973
Telefax:
06758/8562
Homepage:
www.gn-lederwaren.de
E-mail:
info@gn-lederwaren.de
VAT no.: DE169372030
Tax ID number: 06/656/1845/1
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1994
Shareholders'
agreement: 05.12.1994
Registered on: 16.03.1995
Commercial Register: Local court 55543 Bad Kreuznach
under: HRB
3299
Share capital: EUR 75,000.00
Shareholder:
Benno Schneider
Bahnhofstr. 4
D 55595 Weinsheim
born: 21.08.1963
Share: EUR 75,000.00
Manager:
Benno Schneider
Bahnhofstr. 4
D 55595 Weinsheim
having sole power of
representation
born: 21.08.1963
Marital status: married
Main
industrial sector
46493
Wholesale of leather goods, luggage, giftware and advertising articles
Payment experience: within agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2012
Type of ownership: Tenant
Address Bahnhofstr.
4
D 55595 Weinsheim
Land register documents were not available.
Principal bank
SPARKASSE RHEIN-NAHE, 55541 BAD KREUZNACH
Sort. code: 56050180
BIC: MALADE51KRE
Turnover:
2012 EUR 1,760,000.00
2013 EUR 2,000,000.00
further business figures:
Ac/ts receivable: EUR 933,764.00
Liabilities: EUR 381,168.00
Employees:
4
-
Freelancer: 4
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 65.88
Liquidity ratio: 3.56
Return on total capital [%]: 5.20
Balance sheet grade: 1.6
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 51.05
Liquidity ratio: 2.21
Return on total capital [%]: 8.42
Balance sheet grade: 1.6
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 47.42
Liquidity ratio: 1.76
Return on total capital [%]: 7.11
Balance sheet grade: 1.8
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 32.74
Liquidity ratio: 1.33
Return on total capital [%]: 12.61
Balance sheet grade: 2.1
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 1,280,355.39
Fixed assets
EUR 102,031.00
Intangible assets
EUR 0.50
Tangible assets
EUR 102,030.50
Current assets
EUR 1,177,831.83
Stocks
EUR 242,465.77
Accounts receivable
EUR 933,763.91
Liquid means
EUR 1,602.15
Remaining other assets
EUR 492.56
Accruals (assets) EUR 492.56
LIABILITIES EUR 1,280,355.39
Shareholders' equity
EUR 726,099.97
Capital
EUR 75,000.00
Subscribed capital (share capital)
EUR 75,000.00
Balance sheet profit/loss (+/-)
EUR 651,099.97
Balance sheet profit / loss
EUR 651,099.97
Provisions
EUR 173,087.00
Liabilities EUR 381,168.42
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 1,522,050.79
Fixed assets
EUR 106,212.50
Intangible assets
EUR 0.50
Other / unspecified intangible assetsEUR 0.50
Tangible assets
EUR 106,212.00
Other / unspecified tangible assets EUR
106,212.00
Current assets
EUR 1,415,570.88
Stocks
EUR 235,556.63
Accounts receivable
EUR 1,178,604.81
Other debtors and assets
EUR 1,178,604.81
Liquid means
EUR 1,409.44
Remaining other assets
EUR 267.41
Accruals (assets)
EUR 267.41
LIABILITIES EUR 1,522,050.79
Shareholders' equity
EUR 659,573.31
Capital
EUR 75,000.00
Subscribed capital (share capital)
EUR 75,000.00
Balance sheet profit/loss (+/-)
EUR 584,573.31
Balance sheet profit / loss
EUR 584,573.31
Provisions
EUR 210,461.38
Liabilities EUR 652,016.10
Other liabilities
EUR 652,016.10
Unspecified other liabilities
EUR 652,016.10
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.10 |
|
|
1 |
Rs.97.32 |
|
Euro |
1 |
Rs.77.91 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SDA |
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.