|
Report Date : |
31.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
WILSON
NATURSTEIN GMBH |
|
|
|
|
Registered Office : |
Borsigstr.
7 D 59609 Anröchte |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
23.12.2003 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
Wholesale
of construction materials of mineral sustances |
|
|
|
|
No. of Employees : |
12 |
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 |
WILSON NATURSTEIN GMBH
Company Status: active
Borsigstr. 7
D 59609 Anröchte
Telephone:02947/9799710
Telefax: 02947/9799730
Homepage: www.naturstein-wilson.de
E-mail: info@naturstein-wilson.de
Trade name: Naturstein
Wilson
VAT no.: DE813925342
Tax ID number: 330/5719/1569
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 23.12.2003
Shareholders'
agreement: 23.12.2003
Registered on: 16.02.2004
Commercial Register: Local court 33098 Paderborn
under: HRB
6328
Share capital: EUR 50,000.00
Shareholder:
Michael Risse
Espenweg 39
D 59609 Anröchte
born: 11.11.1959
Share: EUR 50,000.00
Manager:
Michael Risse
Espenweg 39
D 59609 Anröchte
having sole power of
representation
born: 11.11.1959
Profession: master
craftsman
Property regime:
Statutory matrimonial
property regime
Marital status: married
Further functions/participations of Michael
Risse (Manager)
Shareholder:
H. Risse
Natursteinhandelsgesellschaft mbH
Daimlerstr. 3
D 59609 Anröchte
Legal form: Private
limited company
Share capital: EUR 25,564.59
Share: EUR 25,564.59
Registered
on: 18.04.1979
Reg. data: 33098 Paderborn, HRB 5291
Manager:
H. Risse
Natursteinhandelsgesellschaft mbH
Daimlerstr. 3
D 59609 Anröchte
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 18.04.1979
Reg. data: 33098 Paderborn, HRB 5291
Main industrial sector
46734
Wholesale of construction materials of mineral sustances
Payment
experience: within periods customary in
this trade
Negative information:We have no negative
information at hand.
Balance sheet year: 2012
Type of ownership: Tenant
Address Borsigstr.
7
D 59609 Anröchte
Real Estate of: Michael
Risse
Type of ownership: proprietor
Share: 100.00 %
Address Espenweg
39
D 59609 Anröchte
Land register documents were not available.
SPARKASSE ERWITTE-ANRÖCHTE, 59609 ANRÖCHTE
Sort. code: 41651815, Account no.: 1032309
BIC: WELADED1ERW, IBAN: DE04416518150001032309
VOLKSBANK ANRÖCHTE, 59604 ANRÖCHTE
Sort. code: 41661206, Account no.: 3617154900
BIC: GENODEM1ANR, IBAN: DE35416612063617154900
VOLKSBANK SAUERLAND, 59738 ARNSBERG, WESTF
Sort. code: 46660022, Account no.: 110005400
BIC: GENODEM1NEH, IBAN: DE96466600220110005400
Turnover: 2012 EUR 1,950,000.00
2013 EUR 1,950,000.00
Expected turnover: EUR 2,050,000.00
Profit: 2012 EUR 20,800.00
2013 EUR 31,000.00
further business figures:
Equipment: *EUR 67,500.00
Ac/ts receivable: EUR 398,624.00
Liabilities: EUR 856,295.00
Employees:
12
- thereof permanent
staff:
6
- Part-time employees: 3
- Freelancer: 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 [%]: 13.41
Liquidity ratio: 0.47
Return on total capital [%]: 2.06
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 9.76
Liquidity ratio: 0.48
Return on total capital [%]: 2.09
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 6.32
Liquidity ratio: 0.43
Return on total capital [%]: 1.48
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 5.97
Liquidity ratio: 0.45
Return on total capital [%]: 1.45
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 1,011,633.29
Fixed assets EUR 40,858.00
Intangible assets EUR 2.00
Tangible assets EUR 40,646.00
Financial assets EUR 210.00
Other / unspecified
financial assets EUR 210.00
Current assets EUR 969,628.14
Stocks EUR 570,353.31
Accounts receivable EUR 398,623.56
Liquid means EUR 651.27
Remaining other
assets EUR 1,147.15
Accruals (assets) EUR 1,147.15
LIABILITIES EUR 1,011,633.29
Shareholders' equity EUR 135,613.99
Capital EUR 50,000.00
Subscribed capital
(share capital) EUR 50,000.00
Balance sheet profit/loss
(+/-) EUR 85,613.99
Profit / loss brought
forward EUR 64,814.23
Annual surplus / annual
deficit EUR 20,799.76
Provisions EUR 19,724.45
Liabilities EUR 856,294.85
TYPE OF BALANCE SHEET: COMPANY BALANCE SHEET
FINANCIAL YEAR: 01.01.2011 - 31.12.2011
ASSETS EUR 1,176,245.05
Fixed assets EUR 56,175.00
Intangible assets EUR 2.00
Other / unspecified
intangible assetsEUR
2.00
Tangible assets EUR 55,963.00
Other / unspecified
tangible assets EUR 55,963.00
Financial assets EUR 210.00
Other / unspecified
financial assets EUR
210.00
Current assets EUR 1,118,257.10
Stocks EUR 625,050.00
Accounts receivable EUR 491,926.28
Other debtors and
assets EUR 491,926.28
Liquid means EUR 1,280.82
Remaining other
assets EUR 1,812.95
Accruals (assets) EUR 1,772.95
Other assets EUR 40.00
LIABILITIES EUR 1,176,245.05
Shareholders' equity EUR 114,814.23
Capital EUR 50,000.00
Subscribed capital
(share capital) EUR 50,000.00
Balance sheet profit/loss
(+/-) EUR 64,814.23
Profit / loss brought
forward EUR 40,282.19
Annual surplus / annual
deficit EUR 24,532.04
Provisions EUR 25,628.05
Liabilities EUR 1,035,802.77
Other liabilities EUR 1,035,802.77
Unspecified other
liabilities EUR 1,035,802.77
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.46 |
|
|
1 |
Rs.98.21 |
|
Euro |
1 |
Rs.77.45 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
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.