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Report No. : |
336410 |
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Report Date : |
13.08.2015 |
IDENTIFICATION DETAILS
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Name : |
APC-NCC LEDERWAREN GMBH |
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Registered Office : |
Im Weidig 18, D 63785 Obernburg |
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Country : |
Germany |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
06.12.1982 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Wholesale of clothing and footwear |
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No. of Employee : |
14 |
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 – 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 |
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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 5.2% 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 |
APC-NCC
LEDERWAREN GMBH
Company Status: active
Im Weidig 18
D 63785 Obernburg
Telephone:06022/61660
Telefax: 06022/616644
Homepage: www.apc-ncc.de
E-mail:
info@apc-ncc.de
Trade name: Stephano
VAT no.: DE228013773
Tax ID number: 204/238/90149
CONCLUSION
Business relations are permissible.
LEGAL FORM
Private limited company
Date of foundation: 06.12.1982
Shareholders'
agreement: 06.12.1982
Registered on: 25.01.1983
Commercial Register: Local court 63739
Aschaffenburg
under: HRB
2422
EUR
52,000.00
Erbengemeinschaft Jacline
Nicole Hermann,
Sabrina Tina Komo,
Mathias Colin Komo
D 63785 Obernburg
Legal form: Unregistered
commercial
enterprise
Share: EUR 52,000.00
Nicole Komo
D 63785 Obernburg
having sole power of
representation
born: 19.02.1971
Further functions/participations of Nicole
Komo (Manager)
Manager:
Best Selected Brands GmbH
Im Weidig 16
D 63785 Obernburg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 01.04.2015
Reg. data: 63739 Aschaffenburg, HRB 13249
06.12.1982 - 31.03.1983 APC-Lederwaren-Produktions- und
Vertriebs-GmbH
Bahnstr. 1
D 63939 Wörth
Private limited
company
14.12.1999 - 09.09.2003 APC-Lederwaren-Produktions- und
Vertriebs-GmbH
Im Weidig 18
D 63785 Obernburg
Private limited
company
Main industrial sector
1412
Manufacture of workwear
15120
Processing of leather (except manufacture of leather apparel)
4642
Wholesale of clothing and footwear
Payment experience: cash discount/within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2013
Type of ownership: Tenant
Address Im Weidig 18
D 63785 Obernburg
Land register documents were not
available.
Principal banks
SPARKASSE MILTENBERG-OBERNBURG, 63885
MILTENBERG
Sort. code: 79650000
BIC: BYLADEM1MIL
RAIFFEISENBANK GROßOSTHEIM-OBERNBURG,
63785 OBERNBURG A. MAIN
Sort. code: 79666548
BIC: GENODEF1OBE
Turnover: 2014 *EUR 2,170,000.00
Profit: 2013 EUR 84,729.00
further business figures:
Equipment: *EUR 126,000.00
Ac/ts receivable: EUR 639,771.00
Liabilities: EUR 496,644.00
Total numbers of vehicles: 5
-
Passenger cars:
4
Employees: 14
-
thereof permanent staff: 13
-
Temporary workers: 1
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 [%]: 78.43
Liquidity ratio: 10.00
Return on total capital [%]: 3.08
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 77.95
Liquidity ratio: 10.00
Return on total capital [%]: 0.49
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 74.19
Liquidity ratio: 10.00
Return on total capital [%]: 9.96
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 79.65
Liquidity ratio: 3.14
Return on total capital [%]: 5.08
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 2,752,310.11
Fixed assets
EUR 56,906.00
Intangible assets
EUR 496.00
Tangible assets
EUR 49,750.00
Financial assets
EUR 6,660.00
Other / unspecified financial assets EUR 6,660.00
Current assets
EUR 2,688,005.11
Stocks
EUR 1,178,505.04
Accounts receivable
EUR 639,770.64
Liquid means
EUR 869,729.43
Remaining other assets
EUR 7,399.00
Accruals (assets) EUR 7,399.00
LIABILITIES EUR 2,752,310.11
Shareholders' equity
EUR 2,158,816.04
Capital
EUR 52,000.00
Subscribed capital (share capital)
EUR 52,000.00
Balance sheet profit/loss (+/-)
EUR 2,106,816.04
Profit / loss brought forward
EUR 2,022,087.18
Annual surplus / annual deficit
EUR 84,728.86
Provisions
EUR 96,849.67
Liabilities
EUR 496,644.40
Type
of balance sheet: Company
balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 2,660,679.66
Fixed assets
EUR 73,926.00
Intangible assets
EUR 1,115.50
Other / unspecified intangible assetsEUR 1,115.50
Tangible
assets EUR 66,470.50
Other / unspecified tangible assets
EUR 66,470.50
Financial assets
EUR 6,340.00
Other / unspecified financial assets EUR 6,340.00
Current assets
EUR 2,580,446.76
Stocks
EUR 1,237,435.38
Accounts receivable
EUR 340,964.52
Other debtors and assets
EUR 340,964.52
Liquid means
EUR 1,002,046.86
Remaining other assets
EUR 6,306.90
Accruals (assets)
EUR 6,306.90
LIABILITIES EUR 2,660,679.66
Shareholders' equity
EUR 2,074,087.18
Capital
EUR 52,000.00
Subscribed capital (share capital)
EUR 52,000.00
Balance sheet profit/loss (+/-)
EUR 2,022,087.18
Profit / loss brought forward
EUR 2,008,928.59
Annual surplus / annual deficit
EUR 13,158.59
Provisions
EUR 65,036.00
Liabilities
EUR 521,556.48
Other liabilities
EUR 521,556.48
Unspecified other liabilities
EUR 521,556.48
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.83 |
|
|
1 |
Rs.101.00 |
|
Euro |
1 |
Rs.71.82 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ASH |
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 |
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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 |
|
<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.