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Report No. : |
316923 |
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Report Date : |
17.04.2015 |
IDENTIFICATION DETAILS
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Name : |
IMPEXCO SCHMUCKWARENHANDEL GMBH |
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Registered Office : |
Max-Planck-Str. 8, D 55743 Idar-Oberstein,
Post Box: 12 27 23 |
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Country : |
Germany |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
1980 |
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Legal Form : |
Private Limited Company |
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LINE OF BUSINESS : |
SUBJECT IS ENGAGED IN CONSISTING OF
JEWELRY, CLOCKS AND PRESENTS MADE OF GEMSTONES, AFRICAN JEWELRY AS WELL
GEMSTONE DECORATION. |
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No. of Employees : |
12 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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) |
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Germany |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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, 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 2014. The new German government introduced
a minimum wage of about $11.60 (8.50 euros) 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%. The budget was essentially in
balance in 2014. 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 plans to replace nuclear
power with renewable energy, which accounts for 34% of total energy
consumption, up from 9% in 2000. 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.
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Source
: CIA |
IMPEXCO SCHMUCKWARENHANDEL GMBH
Company Status: active
Max-Planck-Str. 8
D 55743 Idar-Oberstein
Post Box:
12 27 23
Telephone:06781/46054
Telefax:
06781/47917
Homepage: www.impexco-de.com
E-mail:
info@impexco-de.com
VAT
no.: DE149889450
Tax
ID number: 09/665/0141/7
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 1980
Shareholders'
agreement: 31.01.1980
Registered on: 18.02.1980
Commercial Register: Local court 55543 Bad
Kreuznach
under: HRB 10321
Share capital: EUR 25,750.00
Shareholder:
Wolfgang Weinz
Schopenhauerstr. 14
D 55743 Idar-Oberstein
born: 25.06.1948
Share: EUR 19,055.00
Shareholder:
Heidrun Weinz
Schopenhauerstr. 14
D 55743 Idar-Oberstein
born: 26.08.1949
née: Müller
Share: EUR 5,356.00
Shareholder:
Christian Weinz
D 55743 Idar-Oberstein
born: 14.09.1973
Share: EUR 1,339.00
Manager:
Wolfgang Weinz
Schopenhauerstr. 14
D 55743 Idar-Oberstein
having sole power of
representation
born: 25.06.1948
Profession: Businessman
Marital status: married
Manager:
Christian Weinz
D 55743 Idar-Oberstein
having sole power of
representation
born: 14.09.1973
Main industrial sector
46480
Wholesale of clocks and watches and jewelry
Payment experience: within agreed terms
Negative information: We have no negative
information at hand.
Type of ownership: Tenant
Address
Max-Planck-Str.8
D 55743 Idar-Oberstein
Real Estate of: Wolfgang Weinz
Type of ownership: part owner
Share: 50.00 %
Address Schopenhauerstr. 14
D 55743 Idar-Oberstein
Type of real estate: residential and business
location
Real Estate of: Wolfgang Weinz
Type of ownership: part owner
Share: 50.00 %
Address Hegelstr. 12
D 55743 Idar-Oberstein
Type
of real estate: residential and business location
Real Estate of: Heidrun Weinz
Type of ownership: part owner
Share: 50.00 %
Address Schopenhauerstr. 14
D 55743 Idar-Oberstein
Type of real estate: residential and business
location
Real Estate of: Heidrun Weinz
Type of ownership: part owner
Share: 50.00 %
Address Hegelstr. 12
D 55743 Idar-Oberstein
Type of real estate: residential and business
location
Real Estate of: Wolfgang Weinz
Type of ownership: part owner
Share: 50.00 %
Address Schopenhauerstr. 14
D 55743 Idar-Oberstein
Type of real estate: residential and business
location
Real Estate of: Wolfgang Weinz
Type of ownership: part owner
Share: 50.00 %
Address Hegelstr. 12
D 55743 Idar-Oberstein
Type of real estate: residential and business
location
Land register documents were not available.
Principal banks
KREISSPARKASSE BIRKENFELD, 55701
IDAR-OBERSTEIN
Sort. code: 56250030
BIC: BILADE55XXX
COMMERZBANK, 55701 IDAR-OBERSTEIN
Sort. code: 56240050
BIC: COBADEFFXXX
Turnover: 2013 EUR 1,600,000.00
2014 EUR 1,450,000.00
Profit: 2013 EUR 77,829.00
further business figures:
Equipment: *EUR 96,000.00
Ac/ts receivable: EUR 816,717.00
Liabilities: EUR 411,738.00
Employees:
12
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 [%]: 88.50
Liquidity ratio: 10.00
Return on total capital [%]: 2.07
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 89.67
Liquidity ratio: 10.00
Return on total capital [%]: 3.09
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 89.01
Liquidity ratio: 10.00
Return on total capital [%]: 3.43
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 87.17
Liquidity ratio: 10.00
Return on total capital [%]: 3.18
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 3,764,511.34
Fixed assets
EUR 70,927.36
Tangible assets
EUR 70,927.36
Current assets
EUR 3,684,479.98
Stocks
EUR 100,002.77
Accounts receivable
EUR 816,717.05
Liquid means
EUR 2,767,760.16
Remaining other assets
EUR 9,104.00
Accruals (assets)
EUR 9,104.00
LIABILITIES EUR 3,764,511.34
Shareholders' equity EUR 3,331,525.82
Capital
EUR 25,750.00
Subscribed capital (share capital)
EUR 25,750.00
Balance sheet profit/loss (+/-)
EUR 3,305,775.82
Profit
/ loss brought forward EUR 3,227,946.50
Annual surplus / annual deficit
EUR 77,829.32
Provisions
EUR 21,247.91
Liabilities
EUR 411,737.61
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 3,740,176.02
Fixed assets
EUR 716,299.47
Tangible
assets EUR 82,431.87
Other / unspecified tangible assets
EUR 82,431.87
Financial assets
EUR 633,867.60
Other / unspecified financial assets EUR 633,867.60
Current assets
EUR 3,019,113.07
Stocks
EUR 85,125.10
Accounts receivable
EUR 283,922.79
Other debtors and assets
EUR 283,922.79
Liquid means
EUR 2,650,065.18
Remaining other assets
EUR 4,763.48
Accruals (assets)
EUR 4,763.48
LIABILITIES EUR 3,740,176.02
Shareholders' equity
EUR 3,353,696.50
Capital
EUR 25,750.00
Subscribed capital (share capital)
EUR 25,750.00
Balance
sheet profit/loss (+/-) EUR 3,327,946.50
Profit / loss brought forward
EUR 3,212,205.11
Annual surplus / annual deficit
EUR 115,741.39
Provisions
EUR 22,916.84
Liabilities
EUR 363,562.68
Other liabilities
EUR 363,562.68
Unspecified other liabilities
EUR 363,562.68
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.37 |
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|
1 |
Rs.92.44 |
|
Euro |
1 |
Rs.66.55 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall
operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.