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Report No. : |
353266 |
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Report Date : |
02.12.2015 |
IDENTIFICATION DETAILS
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Name : |
SHARMA LE BAZAAR GMBH |
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Registered Office : |
Hochstr. 21, D 58095 Hagen |
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Country : |
Germany |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
11.06.1986 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Wholesale of leather goods, luggage,
giftware and advertising articles
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No. of Employee : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
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 |
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Risk Category |
ECGC Classification |
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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 |
SHARMA
LE BAZAAR GMBH
Company Status: active
Hochstr. 21
D 58095 Hagen
Telephone: 02331/82062
Telefax: 02331/82063
Homepage: www.lebazaar.net
E-mail: info@lebazaar.net
VAT
no.: DE125136510
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1986
Shareholders'
agreement: 28.04.1986
Registered on: 11.06.1986
Commercial Register: Local court 58097 Hagen
under: HRB
1957
EUR
25,666.85
Trilokchand Sharma
Hohenzollernstr. 14
D 58095 Hagen
born: 01.03.1949 in Indien
Share: EUR 25,666.85
Trilokchand Sharma
Hohenzollernstr. 14
D 58095 Hagen
having sole power of
representation
born: 01.03.1949 in Indien
Profession: Businessman
Marital status: married
11.06.1986 - 23.06.1992 Le Bazaar Ledertrend Import - Export
GmbH
Mittelstr. 17a
D 58095 Hagen
Private limited
company
23.06.1992 - 16.01.1995 Le Bazaar Ledertrend Import - Export
GmbH
Behringstr. 20
D 58097 Hagen
Private limited
company
26.05.1997 - 26.05.1998 Le Bazaar Ledertrend Import - Export
GmbH
Behringstr. 20
D 58097 Hagen
Private limited
company
17.07.1998 - 21.02.2005 Sharma Le Bazaar GmbH
Behringstr. 20
D 58097 Hagen
Private limited
company
21.02.2005 - 08.06.2011 Sharma Le Bazaar GmbH
Friedensstr. 127
D 58097 Hagen
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 agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2014
Events Index: 1
At
present, NO events are known.
Type of ownership: Tenant
Address Hochstr.
21
D 58095 Hagen
Real
Estate of: Trilokchand Sharma
Type of ownership: Tenant
Address Hohenzollernstr.
14
D 58095 Hagen
Land register documents were not available.
COMMERZBANK VORMALS DRESDNER BANK, 58041 HAGEN,
WESTF
Sort. code: 45080060
BIC: DRESDEFF450
Liabilities: EUR 546,511.00
The
number of employees is not known.
Balance sheet ratios 01.01.2014 - 31.12.2014(1)
Equity ratio [%]: 62.84
Liquidity ratio: 2.91
Return on total capital [%]: -15.20
Balance sheet ratios 01.01.2013 - 31.12.2013(1)
Equity ratio [%]: 77.17
Liquidity ratio: 4.79
Return on total capital [%]: -13.46
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 71.75
Liquidity ratio: 0.94
Return on total capital [%]: -15.61
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity
ratio [%]: 80.17
Liquidity ratio: 2.65
Return on total capital [%]: -16.29
(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.
Balance sheet grade
The
balance sheet grade is based on the following ratios: equity ratio, liquidity
ratio and return on total capital from the balance sheets published in the
Federal Gazette. It is calculated in accordance with the methodology of Euler
Hermes. It ranges from 1.0 (positive) to 5.0 (negative).
Type
of balance sheet: micro
balance sheet
Origin of the present
balance sheet: Other
Financial year: 01.01.2014 - 31.12.2014 (2)
ASSETS EUR 555,511.42
Fixed assets
EUR 169.50
Current assets
EUR 313,555.94
Remaining other assets
EUR 241,785.98
Accruals (assets)
EUR 589.30
Deficit not covered by shareholders'
equity
EUR 241,196.68
LIABILITIES EUR 555,511.42
Provisions
EUR 9,000.00
Liabilities
EUR 546,511.42
thereof total due to shareholders
EUR 438,724.70
Type
of balance sheet: micro
balance sheet
Origin of the present
balance sheet: Other
Financial year: 01.01.2013 - 31.12.2013 (2)
ASSETS EUR 511,300.90
Fixed assets
EUR 10,665.50
Current assets
EUR 304,807.18
Remaining other assets
EUR 195,828.22
Accruals (assets)
EUR 2,418.13
Deficit not covered by shareholders'
equity EUR 193,410.09
LIABILITIES EUR 511,300.90
Provisions
EUR 9,000.00
Liabilities
EUR 502,300.90
thereof total due to shareholders
EUR 438,724.70
(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.66.52 |
|
|
1 |
Rs.100.44 |
|
Euro |
1 |
Rs.70.44 |
|
EUR |
1 |
Rs. 70.53 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
ASH |
RATING EXPLANATIONS
|
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 |
|
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.