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Report No. : |
315390 |
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Report Date : |
01.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
JCC LEDERMODEN VERTRIEBS-GMBH |
|
|
|
|
Registered Office : |
Sirnauer Str. 52, D 73779 Deizisau |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2013 |
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|
|
|
Date of Incorporation : |
1984 |
|
|
|
|
Legal Form : |
Private Limited Company |
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|
|
|
Line of Business : |
·
Wholesale of clothing and footwear ·
Retail sale of clothing |
|
|
|
|
No. of Employees : |
30 |
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 |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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 |
JCC LEDERMODEN VERTRIEBS-GMBH
Company Status: active
Sirnauer Str. 52
D 73779 Deizisau
Telephone:07153/83290
Telefax:
07153/832910
Homepage: www.jcc.de
E-mail:
info@jcc.de
Business relations are permissible.
LEGAL
FORM Private limited company
Date of foundation: 1984
Shareholders'
agreement: 09.11.1989
Registered on: 20.02.1990
Commercial Register: Local court 70190
Stuttgart
under: HRB 212322
Share capital: EUR 51,130.00
Shareholder:
Horst Christel
Im Sonnenwinkel 24
D 73733 Esslingen
born: 08.04.1959
Share: EUR 25,565.00
Shareholder:
Walter Christel
Im Köpfen 27
D 73732 Esslingen
born: 08.04.1959
Share: EUR 25,565.00
Manager:
Horst Christel
Im Sonnenwinkel 24
D 73733 Esslingen
having sole power of
representation
born: 08.04.1959
Profession: Businessman
Marital status: married
Manager:
Walter Christel
Im Köpfen 27
D 73732 Esslingen
having sole power of
representation
born: 08.04.1959
Profession: Businessman
Marital status: married
Proxy:
Stefan Geiger
D 73269 Hochdorf
having sole power of
representation
born: 22.07.1968
Further functions/participations of Horst
Christel (Manager)
General partner:
Horst Christel, Walter
Christel
Sirnauer Str. 52
D 73779 Deizisau
Legal form: Partnership
under the Civil Code
General partner:
Walter Christel, Horst
Christel
Sirnauer Str. 52
D 73779 Deizisau
Post Box:
11 08, D 73777 Deizisau
Legal form: Partnership
under the Civil Code
Limited partner:
Christel Neckartaler
Fleischwaren GmbH & Co.
KG
Waldstr. 42
D 73773 Aichwald
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 270,000.00
contribution:
Share: EUR 30,000.00
Registered
on: 12.03.1985
Reg. data: 70190 Stuttgart, HRA 211698
Limited partner:
black-i GmbH & Co. KG
Sirnauer Str. 52
D 73779 Deizisau
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 2,000.00
contribution:
Share: EUR 667.00
Registered
on: 03.08.2010
Reg. data: 70190 Stuttgart, HRA 725402
Shareholder:
"La bella"
Handelsagentur und Vertrieb von
Nonfood u. Foodartikeln
GmbH
Sirnauer Str. 52
D 73779 Deizisau
Legal form: Private limited company
Share capital: EUR 25,566.00
Share: EUR 12,783.00
Registered
on: 20.04.1993
Reg. data: 70190 Stuttgart, HRB 212756
Shareholder:
black-i
Verwaltungsgesellschaft mbH
Sirnauer Str. 52
D 73779 Deizisau
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 8,333.00
Registered
on: 02.08.2010
Reg. data: 70190 Stuttgart, HRB 734506
Manager:
"La bella"
Handelsagentur und Vertrieb von
Nonfood u. Foodartikeln
GmbH
Sirnauer Str. 52
D 73779 Deizisau
Legal form: Private
limited company
Share capital: EUR 25,566.00
Registered
on: 20.04.1993
Reg. data: 70190 Stuttgart, HRB 212756
Manager:
black-i
Verwaltungsgesellschaft mbH
Sirnauer Str. 52
D 73779 Deizisau
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 02.08.2010
Reg. data: 70190 Stuttgart, HRB 734506
Further functions/participations of Walter
Christel (Manager)
General partner:
Horst Christel, Walter
Christel
Sirnauer Str. 52
D 73779 Deizisau
Legal form: Partnership
under the Civil Code
General partner:
Walter Christel, Horst
Christel
Sirnauer Str. 52
D 73779 Deizisau
Post Box:
11 08, D 73777 Deizisau
Legal form: Partnership
under the Civil Code
Limited partner:
Christel Neckartaler
Fleischwaren GmbH & Co.
KG
Waldstr. 42
D 73773 Aichwald
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 270,000.00
contribution:
Share: EUR 30,000.00
Registered
on: 12.03.1985
Reg. data: 70190 Stuttgart, HRA 211698
Limited partner:
black-i GmbH & Co. KG
Sirnauer Str. 52
D 73779 Deizisau
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 2,000.00
contribution:
Share: EUR 667.00
Registered
on: 03.08.2010
Reg. data: 70190 Stuttgart, HRA 725402
Shareholder:
"La bella"
Handelsagentur und Vertrieb von
Nonfood u. Foodartikeln
GmbH
Sirnauer Str. 52
D 73779 Deizisau
Legal form: Private
limited company
Share capital: EUR 25,566.00
Share: EUR 12,783.00
Registered
on: 20.04.1993
Reg. data: 70190 Stuttgart, HRB 212756
Shareholder:
black-i
Verwaltungsgesellschaft mbH
Sirnauer Str. 52
D 73779 Deizisau
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 8,333.00
Registered
on: 02.08.2010
Reg. data: 70190 Stuttgart, HRB 734506
Manager:
"La bella"
Handelsagentur und Vertrieb von
Nonfood u. Foodartikeln
GmbH
Sirnauer Str. 52
D 73779 Deizisau
Legal form: Private
limited company
Share capital: EUR 25,566.00
Registered
on: 20.04.1993
Reg. data: 70190 Stuttgart, HRB 212756
Manager:
black-i
Verwaltungsgesellschaft mbH
Sirnauer Str. 52
D 73779 Deizisau
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 02.08.2010
Reg. data: 70190 Stuttgart, HRB 734506
01.01.1984 -
09.11.1989 " Walter Christel "
Zollbergstr. 62-64
D 73734 Esslingen
Unregistered
commercial enterprise
Main industrial sector
4642
Wholesale of clothing and footwear
47710
Retail sale of clothing
Payment experience: within periods customary in this trade
Negative information: We have no negative
information at hand.
Type of ownership: Tenant
Address Sirnauer Str. 52
D 73779 Deizisau
Land register documents were not available.
KREISSPARKASSE ESSLINGEN-NÜRTINGEN, 73702
ESSLINGEN AM NECKAR
Sort. code: 61150020
BIC: ESSLDE66XXX
VOLKSBANK
ESSLINGEN, 73704 ESSLINGEN AM NECKAR
Sort. code: 61190110
BIC: GENODES1ESS
Profit: 2013 EUR 93,903.00
Ac/ts receivable: EUR
3,380,048.00
Liabilities: EUR 6,186,603.00
Employees:
30
-
Trainees:
3
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 18.92
Liquidity ratio: 0.63
Return on total capital [%]: 1.39
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 24.42
Liquidity ratio: 0.58
Return on total capital [%]: 1.17
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 19.45
Liquidity ratio: 0.70
Return on total capital [%]: 1.47
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity
ratio [%]: 14.98
Liquidity ratio: 0.98
Return on total capital [%]: 3.24
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: 01.01.2013 - 31.12.2013
ASSETS EUR 6,743,991.72
Fixed assets
EUR 281,408.00
Intangible assets
EUR 9,887.00
Tangible assets
EUR 271,521.00
Current assets
EUR 6,455,616.88
Stocks
EUR 3,048,936.76
Accounts receivable
EUR 3,380,048.43
Liquid means
EUR 26,631.69
Remaining other assets
EUR 6,966.84
Accruals (assets) EUR 6,966.84
LIABILITIES EUR 6,743,991.72
Shareholders' equity
EUR 523,161.83
Capital
EUR 51,130.00
Subscribed capital (share capital)
EUR 51,130.00
Balance sheet profit/loss (+/-)
EUR 472,031.83
Profit / loss brought forward
EUR 378,128.80
Annual surplus / annual deficit
EUR 93,903.03
Provisions EUR 34,227.02
Liabilities
EUR 6,186,602.87
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS
EUR 4,781,463.01
Fixed assets
EUR 336,349.00
Intangible assets
EUR 10,665.00
Tangible assets
EUR 325,684.00
Current assets EUR 4,442,114.21
Stocks
EUR 2,335,334.00
Accounts receivable
EUR 2,071,828.62
Liquid means
EUR 34,951.59
Remaining other assets
EUR 2,999.80
Accruals (assets)
EUR 2,999.80
LIABILITIES EUR 4,781,463.01
Shareholders' equity
EUR 429,258.80
Capital
EUR 51,130.00
Subscribed capital (share capital)
EUR 51,130.00
Balance sheet profit/loss (+/-)
EUR 378,128.80
Profit / loss brought forward
EUR 322,171.38
Annual surplus / annual deficit
EUR 55,957.42
Provisions
EUR 21,700.00
Liabilities
EUR 4,330,504.21
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.59 |
|
|
1 |
Rs.92.45 |
|
Euro |
1 |
Rs.67.51 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
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Report Prepared
by : |
TPT |
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.