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Report No. : |
317976 |
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Report Date : |
23.04.2015 |
IDENTIFICATION DETAILS
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Name : |
OMEGA VERWALTUNGSGESELLSCHAFT MBH |
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Registered Office : |
Siemensstr. 41, D 48341 Altenberge |
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Country : |
Germany |
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Financials (as on) : |
31.07.2013 |
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Date of Incorporation : |
19.12.2002 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Other activities of head offices [We tried to confirm / obtain the detailed activity but the same is
not available from any sources] |
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No. of Employees : |
3 |
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 |
OMEGA VERWALTUNGSGESELLSCHAFT MBH
Company Status: active
Siemensstr. 41
D 48341 Altenberge
Telephone:02505/93210
Telefax:
02505/932110
E-mail: info@omega-heimtextilien.com
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 19.12.2002
Shareholders'
agreement: 19.12.2002
Registered on: 03.01.2003
Commercial Register: Local court 48565
Steinfurt
under: HRB 3482
Share capital: EUR 30,000.00
Shareholder:
Harald Optenhövel
D 48163 Münster
born: 16.12.1963
Share: EUR 10,000.00
Shareholder:
Burkhard Optenhövel
Im Hagedorn 6
D 48159 Münster
born: 03.07.1962
Share: EUR 10,000.00
Shareholder:
Annette Optenhövel
D 48341 Altenberge
born: 26.04.1960
Share: EUR 10,000.00
Manager:
Harald Optenhövel
D 48163 Münster
having sole power of
representation
born: 16.12.1963
Profession: Businessman
Marital status: divorced
Manager:
Burkhard Optenhövel
Im Hagedorn 6
D 48159 Münster
having sole power of
representation
born: 03.07.1962
Marital status:
unknown
Manager:
Annette Optenhövel
D 48341 Altenberge
having sole power of
representation
born: 26.04.1960
Further functions/participations of Harald
Optenhövel (Manager)
Limited partner:
Omega Heimtextilien GmbH
& Co. KG
Siemensstr. 41
D 48341 Altenberge
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 500,000.00
contribution:
Share: EUR 150,000.00
Registered
on: 15.01.2003
Reg. data: 48565 Steinfurt, HRA 2833
Further functions/participations of Burkhard
Optenhövel (Manager)
Proprietor:
Burkhard Optenhövel
Grevener Str. 331
D 48159 Münster
Legal form: Unregistered
commercial
enterprise
Limited partner:
Omega Heimtextilien GmbH
& Co. KG
Siemensstr. 41
D 48341 Altenberge
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 500,000.00
contribution:
Share: EUR 150,000.00
Registered
on: 15.01.2003
Reg. data: 48565 Steinfurt, HRA 2833
Further
functions/participations of Annette Optenhövel (Manager)
Limited partner:
Omega Heimtextilien GmbH
& Co. KG
Siemensstr. 41
D 48341 Altenberge
Legal form: Ltd partnership
with priv. ltd.
company as
general partner
Total cap. EUR 500,000.00
contribution:
Share: EUR 150,000.00
Registered
on: 15.01.2003
Reg. data: 48565 Steinfurt, HRA 2833
Manager:
Startex GmbH
Heimtextilien
Siemensstr. 41
D 48341 Altenberge
Legal form: Private
limited company
Share capital: EUR 26,000.00
Registered
on: 07.08.2014
Reg. data: 48565 Steinfurt, HRB 10527
Main industrial sector
70109
Other activities of head offices
General partner:
Omega Heimtextilien GmbH
& Co. KG
Siemensstr. 41
D 48341 Altenberge
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 500,000.00
contribution:
Reg. data: 15.01.2003
Local court
48565 Steinfurt
HRA 2833
Payment experience: within agreed terms
Negative information: We have no negative
information at hand.
Type of ownership: Tenant
Address Siemensstr. 41
D 48341 Altenberge
Real Estate of: Harald Optenhövel
Type of ownership: Tenant
Address
Haselstiege 14
D 48565 Steinfurt
Land register documents were not available.
SPARKASSE MÜNSTERLAND OST, 48151 MÜNSTER,
WESTF
Sort. code: 40050150
BIC: WELADED1MST
Liabilities: EUR 3,771.00
Employees:
3
Balance sheet ratios 01.08.2012 -
31.07.2013(1)
Equity ratio [%]: 87.86
Liquidity ratio: 10.00
Return on total capital [%]: 2.69
Balance sheet ratios 01.08.2011 - 31.07.2012
Equity ratio [%]: 88.19
Liquidity ratio: 10.00
Return on total capital [%]: 2.87
Balance
sheet ratios 01.08.2010 - 31.07.2011
Equity ratio [%]: 88.62
Liquidity ratio: 10.00
Return on total capital [%]: 2.48
Balance sheet ratios 01.08.2009 - 31.07.2010
Equity ratio [%]: 90.34
Liquidity ratio: 10.00
Return on total capital [%]: 2.36
(1)
The depth of balance sheet suggests that the company, as a
so-called micro-entity in accordance with art.
267a German
Commercial Code, has availed itself of the
facilitations of the
German Micro-Entities Amending Account Law
(MicBilG) This is why
it
is possible that the resultant reduction of the depth of
presentation in the annual accounts may entail
deviating
calculation methods of the respective balance
sheet ratios and
thus to an altered Solvency Rating [NG] and/or
balance sheet
grade.
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: micro balance sheet
Financial year: 01.08.2012 - 31.07.2013 (2)
ASSETS EUR 47,608.85
Current assets EUR 47,550.52
Remaining other assets
EUR 58.33
Accruals (assets)
EUR 58.33
LIABILITIES EUR 47,608.85
Shareholders' equity
EUR 41,830.68
Provisions
EUR 2,007.00
Liabilities
EUR 3,771.17
Other liabilities
EUR 0.00
Unspecified other liabilities
EUR 0.00
thereof liabilities from tax /
financial authorities
EUR 3,716.61
Type
of balance
sheet: Company balance sheet
Financial year: 01.08.2011 - 31.07.2012
ASSETS EUR 45,979.94
Current assets
EUR 45,979.94
Accounts receivable
EUR 3,904.83
Other debtors and assets EUR 3,904.83
Liquid means
EUR 42,075.11
LIABILITIES EUR 45,979.94
Shareholders' equity
EUR 40,551.47
Capital EUR 30,000.00
Subscribed capital (share capital)
EUR 30,000.00
Balance sheet profit/loss (+/-)
EUR 10,551.47
Profit / loss brought forward
EUR 9,233.82
Annual
surplus / annual deficit EUR 1,317.65
Provisions
EUR 1,953.00
Liabilities
EUR 3,475.47
Other liabilities
EUR 3,475.47
Unspecified other liabilities
EUR 3,475.47
thereof liabilities from tax /
financial authorities
EUR 3,465.13
(2)
The abbreviated depth of presentation of the annual accounts may be atributed
to application of regulations within the German Micro-Entities Amending
Accounting Law.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.82 |
|
|
1 |
Rs.93.85 |
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Euro |
1 |
Rs.67.59 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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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.