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Report No. : |
335228 |
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Report Date : |
08.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
S. GOLDMANN GMBH & CO. KOMMANDITGESELLSCHAFT |
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|
|
|
Registered Office : |
Schillerstr. 79 D 33609 Bielefeld |
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|
|
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Country : |
Germany |
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|
|
Financials (as on) : |
30.06.2014 |
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|
|
|
Date of Incorporation : |
16.12.1919 |
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|
|
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Com. Reg. No.: |
HRA 8328 |
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|
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Legal Form : |
Ltd partnership with priv. ltd. company
as general partner |
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Line of Business : |
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No. of Employees : |
33 |
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 : |
Good |
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|
|
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Payment Behaviour : |
Regular |
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|
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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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, 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 5.2% 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. The German economy suffers from low levels of investment, and a government plan to invest 15 billion euros 2016-18, largely in infrastructure, is intended to spur needed private investment. 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 accounted for 27.8% of gross electricity consumption in 2014, 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. Extremely low inflation, caused largely by low global energy prices and a weak euro, are expected to boost German GDP growth in 2015.
|
Source
: CIA |
S. GOLDMANN GMBH & CO. KOMMANDITGESELLSCHAFT
Schillerstr.
79
D 33609
Bielefeld
Telephone:0521/93278-0
Telefax: 0521/93278-25
Homepage:
www.gold-mann.de
E-mail: info@gold-mann.de
Active
DE124004595
Business
relations are permissible.
LEGAL FORM Ltd
partnership with priv. ltd. company as
general partner
Date of foundation: 16.12.1919
Registered on: 16.12.1919
Register of
companies: Local
court 33602 Bielefeld
under: HRA
8328
Total cap. contribution: EUR 500,000.00
Limited partner:
Rainer Bengt Goldmann
Furtwänglerstr. 12
D 33604 Bielefeld
born: 22.04.1966
Share: EUR 250,000.00
Limited partner:
Dr.med. Dieter Goldmann
Moltkestr. 10a
D 33330 Gütersloh
born: 18.02.1957
Share: EUR 125,000.00
Limited partner:
Birgit Goldmann-Hoffmann
D 33602 Bielefeld
born: 13.04.1960
Share: EUR 125,000.00
General partner:
Walter Goldmann
Gesellschaft mit
beschränkter Haftung
Schillerstr. 79
D 33609 Bielefeld
Legal form: Private
limited company
Share capital: EUR 26,000.00
Registered on: 20.06.1967
Reg. data: 33602
Bielefeld, HRB 7558
Shareholder:
Rainer Bengt Goldmann
Furtwänglerstr. 12
D 33604 Bielefeld
born: 22.04.1966
Share: EUR 13,000.00
Shareholder:
Dr.med. Dieter Goldmann
Moltkestr. 10a
D 33330 Gütersloh
born: 18.02.1957
Share: EUR 6,500.00
Shareholder:
Birgit Goldmann-Hoffmann
D 33602 Bielefeld
born: 13.04.1960
Share: EUR 6,500.00
Manager:
Rainer Bengt Goldmann
Furtwänglerstr. 12
D 33604 Bielefeld
having sole power of
representation
born: 22.04.1966
Profession: Businessman
Proxy:
Helga Wortmeier-Knezevic
D 33602 Bielefeld
authorized to jointly
represent the company
Proxy:
Thomas Scheiter
Hagenberg 25
D 49186 Bad Iburg
authorized to jointly
represent the company
born: 05.04.1961
Marital status: married
Proxy:
Volker Hedrich
D 33602 Bielefeld
authorized to jointly
represent the company
born: 19.09.1963
Main industrial sector
4675
Wholesale of chemical products
46760 Wholesale of other intermediate goods
Secondary industrial sector
46120
Agents involved in the sale of fuels, ores, metals and industrial chemicals
Payment
experience: takes advantage of cash
discount
Negative information: We have no negative
information at hand.
Balance
sheet year: 2013/2014
Type of ownership: Tenant
Address Schillerstr.
79
D 33609 Bielefeld
Real Estate of: Walter
Goldmann Gesellschaft mit
beschränkter Haftung
Type of ownership: Tenant
Address Schillerstr.
79
D 33609 Bielefeld
Land
register documents were not available.
Principal bank
DEUTSCHE BANK, 33501 BIELEFELD
Sort. code: 48070020
BIC: DEUTDE3BXXX
Further bank
SPARKASSE BIELEFELD, 33526 BIELEFELD
Sort. code: 48050161
BIC: SPBIDE3BXXX
Gross profit or loss:2012/2013 EUR 6,719,282.00
2013/2014 EUR 7,610,325.00
Profit: 2012/2013 EUR 2,472,653.00
2013/2014 EUR 2,887,910.00
further business figures:
Equipment: EUR 268,557.00
Ac/ts receivable: EUR 3,773,566.00
Liabilities: EUR 7,131,963.00
Employees:
33
- thereof permanent staff: 30
- Trainees:
3
Balance
sheet ratios 01.07.2013
- 30.06.2014
Equity ratio [%]: 70.27
Liquidity ratio: 10.00
Return on total capital [%]: 22.29
Balance sheet ratios 01.07.2012 - 30.06.2013
Equity ratio [%]: 66.21
Liquidity ratio: 10.00
Return on total capital [%]: 22.21
Balance sheet ratios 01.07.2011 - 30.06.2012
Equity ratio [%]: 58.53
Liquidity ratio: 10.00
Return on total capital [%]: 25.28
Balance sheet ratios 01.07.2010 - 30.06.2011
Equity ratio [%]: 53.06
Liquidity ratio: 10.00
Return on total capital [%]: 35.01
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: 01.07.2013 - 30.06.2014
ASSETS EUR 12,113,645.15
Fixed assets EUR 277,443.00
Intangible assets EUR 8,386.00
Other / unspecified
intangible assetsEUR
8,386.00
Tangible assets EUR
268,557.00
Other tangible assets /
fixtures and
fittings EUR 268,557.00
Financial assets EUR 500.00
Other / unspecified
financial assets EUR 500.00
Current assets EUR 11,822,598.15
Stocks EUR 3,660,617.74
Accounts receivable EUR 3,773,566.21
Other debtors and
assets EUR 3,773,566.21
Liquid means EUR 4,388,414.20
Remaining other
assets EUR 13,604.00
Accruals (assets) EUR 13,604.00
LIABILITIES EUR 12,113,645.15
Shareholders' equity EUR 3,777,882.41
Capital EUR 500,000.00
Limited partner's
capital / capital
of partially liable
partner (LP) EUR 500,000.00
Reserves EUR 3,277,882.41
Provisions EUR 1,203,800.00
Liabilities EUR 7,131,962.74
Other liabilities EUR 7,131,962.74
Trade creditors (for IAS
incl. bills
of exchange) EUR 1,503,466.09
Liabilities due to
shareholders EUR 4,735,968.75
Unspecified other
liabilities EUR 892,527.90
thereof liabilities
from tax /
financial
authorities EUR 191,560.95
thereof liabilities
from social
security EUR 2,132.34
PROFIT AND LOSS ACCOUNT (cost-summary
method) according to Comm.
Code (HGB)
Gross result (+/-) EUR 7,610,324.66
Staff expenses EUR 2,452,434.63
Wages and salaries EUR 2,027,480.71
Social security
contributions and
expenses for pension
plans and
benefits EUR 424,953.92
Total depreciation EUR 97,913.91
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 97,913.91
Other operating
expenses EUR 1,708,484.86
Operating result from
continuing
operations EUR 3,351,491.26
Interest result (+/-) EUR -68,414.06
Interest and similar
income EUR 6,014.94
Interest and similar
expenses EUR 74,429.00
Financial result
(+/-) EUR -68,414.06
Result from ordinary
operations (+/-) EUR 3,283,077.20
Extraordinary income EUR 188,772.22
Extraordinary result
(+/-) EUR 188,772.22
Income tax / refund of income
tax (+/-)EUR -580,335.00
Other taxes / refund of
taxes EUR -3,604.00
Tax (+/-) EUR -583,939.00
Annual surplus / annual
deficit EUR 2,887,910.42
Type of balance
sheet: Company balance sheet
Financial year: 01.07.2012 - 30.06.2013
ASSETS EUR 11,136,462.27
Fixed assets EUR 329,654.00
Intangible assets EUR 3,065.00
Other / unspecified
intangible assetsEUR
3,065.00
Tangible assets EUR 326,089.00
Other tangible assets /
fixtures and
fittings EUR
326,089.00
Financial assets EUR 500.00
Other / unspecified
financial assets EUR
500.00
Current assets EUR 10,802,920.27
Stocks EUR 3,067,774.46
Accounts receivable EUR 4,084,627.29
Other debtors and
assets EUR 4,084,627.29
Liquid means EUR 3,650,518.52
Remaining other
assets EUR 3,888.00
Accruals (assets) EUR 3,888.00
LIABILITIES EUR 11,136,462.27
Shareholders' equity EUR 3,136,491.65
Capital EUR 500,000.00
Limited partner's
capital / capital
of partially liable
partner (LP) EUR 500,000.00
Reserves EUR 2,636,491.65
Provisions EUR 1,126,078.26
Liabilities EUR 6,873,892.36
Other liabilities EUR 6,873,892.36
Trade creditors (for IAS
incl. bills
of exchange) EUR 1,786,483.56
Liabilities due to
shareholders EUR 4,237,977.56
Unspecified other
liabilities EUR 849,431.24
thereof liabilities
from tax /
financial
authorities EUR 288,849.18
thereof liabilities
from social
security EUR 7,994.24
PROFIT AND LOSS ACCOUNT
(cost-summary method) according to Comm.
Code (HGB)
Gross result (+/-) EUR 6,719,282.46
Staff expenses EUR 2,237,428.21
Wages and salaries EUR 1,899,476.54
Social security
contributions and
expenses for pension
plans and
benefits EUR
337,951.67
Total depreciation EUR 96,611.33
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 96,611.33
Other operating
expenses EUR 1,481,910.44
Operating result from
continuing
operations EUR 2,903,332.48
Interest result (+/-) EUR 49,512.92
Interest and similar
income EUR 49,512.92
Financial result
(+/-) EUR 49,512.92
Result from ordinary
operations (+/-) EUR 2,952,845.40
Income tax / refund of
income tax (+/-)EUR -476,783.00
Other taxes / refund of
taxes EUR -3,409.00
Tax (+/-) EUR -480,192.00
Annual surplus / annual deficit
EUR 2,472,653.40
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.81 |
|
UK Pound |
1 |
Rs.98.93 |
|
Euro |
1 |
Rs.69.66 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
VNT |
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 |
|
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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 |
|
|
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 |
-- |
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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.