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Report No. : |
315391 |
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Report Date : |
01.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
LEDER FANTASTICO GMBH
HANDELSGESELLSCHAFT |
|
|
|
|
Registered Office : |
Ingolstädter Str. 45, D 80807 München |
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|
|
|
Country : |
Germany |
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|
|
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Financials (as on) : |
31.12.2013 |
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|
|
|
Date of Incorporation : |
08.05.2008 |
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|
|
|
Legal Form : |
Private Limited Company |
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|
|
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Line of Business : |
·
Wholesale of leather goods, luggage,
giftware and advertising articles ·
Retail sale of leatheware and baggage |
|
|
|
|
No. of Employees : |
2 |
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 : |
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 |
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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 |
LEDER FANTASTICO GMBH HANDELSGESELLSCHAFT
Company Status: active
Main address: Ingolstädter
Str. 45
D 80807 München
Telephone:089/4704536
Telefax: 089/478457
Homepage: www.lederfantastico.com
E-mail:
info@lederfantastico.de
Legal office: Teisendorfer
Str. 5
D 81825 München
VAT
no.: DE261264722
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 08.05.2008
Shareholders'
agreement: 08.05.2008
Registered on: 26.05.2008
Commercial Register: Local court 80333 München
under: HRB 173775
Share capital: EUR 25,000.00
Shareholder:
Kartar Singh
Teisendorfer Str. 5
D 81825 München
born: 29.09.1952
Share: EUR 12,500.00
Shareholder:
Rubi Singh
Teisendorfer Str. 5
D 81825 München
born: 25.09.1979
Share: EUR 12,500.00
Manager:
Kartar Singh
Teisendorfer Str. 5
D 81825 München
having sole power of
representation
born: 29.09.1952
Marital status: married
Manager:
Rubi Singh
Teisendorfer Str. 5
D 81825 München
having sole power of
representation
born: 25.09.1979
Further functions/participations of Kartar
Singh (Manager)
Proprietor:
Kartar Singh
Münchner Str. 42
D 82008 Unterhaching
Legal form: Unregistered
commercial
Enterprise
26.05.2008 - 18.12.2012 Leder Fantastico GmbH
Handelsgesellschaft
Teisendorfer Str. 5
D 81825 München
Private limited
company
Main industrial sector
46493
Wholesale of leather goods, luggage, giftware and advertising articles
47722
Retail sale of leatheware and baggage
Payment experience: within periods customary in this trade
Negative information:We have no negative
information at hand.
Type of ownership: Tenant
Address Ingolstädter Str. 45
D 80807 München
Land
register documents were not available.
DEUTSCHE BANK, 80271 MÜNCHEN
Sort. code: 70070010
BIC: DEUTDEMMXXX
Turnover: 2014 *EUR 265,000.00
Equipment: EUR 38,133.00
Ac/ts receivable: EUR 155,334.00
Liabilities: EUR 342,422.00
Employees:
2
The
business figures marked with an asterisk are estimates based
on
average values in the line of business.
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 11.38
Liquidity ratio: 0.59
Return on total capital [%]: 3.10
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 10.34
Liquidity ratio: 0.64
Return on total capital [%]: 0.80
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: -89.90
Liquidity ratio: 0.03
Return on total capital [%]: 1.56
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 7.04
Liquidity ratio: 1.04
Return on total capital [%]: 8.56
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 408,055.77
Fixed assets
EUR 41,466.00
Intangible assets
EUR 3,333.00
Goodwill
EUR 3,333.00
Tangible assets
EUR 38,133.00
Other tangible assets / fixtures and
fittings
EUR 38,133.00
Current assets
EUR 354,445.83
Stocks
EUR 119,780.00
Finished goods / work in progress
EUR 119,780.00
Accounts receivable
EUR 155,333.76
Trade debtors
EUR 18,738.53
Other debtors and assets
EUR 136,595.23
Liquid means
EUR 79,332.07
Remaining other assets
EUR 12,143.94
Accruals (assets)
EUR 12,143.94
LIABILITIES EUR 408,055.77
Shareholders' equity
EUR 49,380.46
Capital EUR 12,500.00
Subscribed capital (share capital)
EUR 25,000.00
thereof not yet paid-up capital
EUR 25,000.00
thereof called
EUR 12,500.00
thereof uncalled outstanding
contributions
EUR 12,500.00
Balance sheet profit/loss (+/-)
EUR 36,880.46
Balance sheet profit / loss
EUR 36,880.46
Provisions EUR 16,253.17
Provisions for taxes
EUR 5,429.77
Other / unspecified provisions
EUR 10,823.40
Liabilities
EUR 342,422.14
Financial debts
EUR 32,025.14
Liabilities due to banks
EUR 32,025.14
Other liabilities
EUR 310,397.00
Trade creditors (for IAS incl. bills
of exchange) EUR 305,208.74
Unspecified other liabilities
EUR 5,188.26
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR
309,932.21
Fixed assets
EUR 57,054.00
Intangible assets
EUR 5,333.00
Goodwill
EUR 5,333.00
Tangible assets EUR 51,721.00
Other tangible assets / fixtures and
fittings
EUR 51,721.00
Current assets
EUR 243,780.23
Stocks
EUR 54,740.00
Finished goods / work in progress
EUR 54,740.00
Accounts receivable
EUR 143,554.20
Trade debtors
EUR 136,292.18
Other debtors and assets EUR 7,262.02
Liquid means
EUR 45,486.03
Remaining other assets
EUR 9,097.98
Accruals (assets)
EUR 9,097.98
LIABILITIES
EUR 309,932.21
Shareholders' equity
EUR 36,820.63
Capital
EUR 12,500.00
Subscribed capital (share capital)
EUR 25,000.00
thereof not yet paid-up capital EUR 25,000.00
thereof called
EUR 12,500.00
thereof uncalled outstanding
contributions
EUR 12,500.00
Balance sheet profit/loss (+/-)
EUR 24,320.63
Balance sheet profit / loss
EUR 24,320.63
Provisions
EUR 3,638.37
Provisions for taxes
EUR 157.00
Other / unspecified provisions
EUR 3,481.37
Liabilities
EUR 269,473.21
Financial debts
EUR 36,715.58
Liabilities due to banks
EUR 36,715.58
Other liabilities
EUR 232,757.63
Trade creditors (for IAS incl. bills
of exchange)
EUR 224,637.63
Unspecified other liabilities
EUR 8,120.00
thereof
liabilities from tax /
financial authorities
EUR 1,174.08
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
: |
RAS |
|
|
|
|
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.