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Report No. : |
354266 |
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Report Date : |
09.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
GUDRUN SJODEN GMBH |
|
|
|
|
Registered Office : |
Fürther Str. 33 D 90513
Zirndorf |
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|
|
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Country : |
Germany |
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|
|
|
Financials (as on) : |
31.12.2013 |
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|
|
Date of Incorporation : |
05.01.1983 |
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|
|
|
Legal Form : |
Private limited company |
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|
|
Line of Business : |
·
Retail sale of clothing ·
Other retail sale via
mail-order houses or Internet ·
Other food services ·
Retail sale via mail-order
houses or Internet of textiles, clothing, footwear and leather goods |
|
|
|
|
No. of Employee : |
132 |
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 : |
Satisfactory |
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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 |
Gudrun Sjödén GmbH
Fürther Str. 33
D 90513 Zirndorf
Telephone:0911/96069-0
Telefax: 0911/96069-66
Homepage: www.gudrunsjoeden.de
E-mail: info@gudrunsjoeden.de
Active
DE132757522
218/127/80376
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 05.01.1983
Shareholders'
agreement: 05.01.1983
Registered on: 17.03.1983
Commercial Register: Local court 90762 Fürth
under: HRB
2527
Share capital: EUR 51,129.19
Shareholder:
Sjödén Förvaltning AB
Upplagsvägen 1
S SE-11794 Stockholm
Legal form: Other legal
form
Share: EUR 51,129.19
Manager:
Matthias Fink
D 90402 Nürnberg
having sole power of
representation
born: 17.09.1965
Proxy:
Barbara Herdeis
D 90402 Nürnberg
having sole power of
representation
born: 20.12.1975
05.01.1983 - 04.06.1993 Gudrun
Sjödens Laden GmbH
Sandbuck 3
D 90574
Roßtal
Private limited company
05.06.1993 - 2003 Gudrun
Sjödens Laden GmbH
Nibelungenstr. 13
D 90513 Zirndorf
Private
limited company
2004 - 01.10.2007 Gudrun
Sjödens Laden GmbH (bis
01.10.2007)
Fürther Str. 33
D 90513 Zirndorf
Private limited company
Main industrial sector
47710 Retail sale of clothing
47919 Other retail sale via mail-order houses or
Internet
5629 Other food services
Secondary industrial sector
47911
Retail sale via mail-order houses or Internet of
textiles, clothing, footwear and leather goods
Branch:
Gudrun Sjödén GmbH
Kaiserstr. 43
D 90403 Nürnberg
TEL.: 0911/960690
FAX.: 0911/9606966
Branch:
Gudrun Sjödén GmbH
Ludwigstr. 2-6
D 50667 Köln
TEL.: 0221/78968540
Branch:
Gudrun Sjödén GmbH
Markgrafenstr. 32
D 10117 Berlin
Branch:
Gudrun Sjödén GmbH
Nadlerstr. 21
D 70173 Stuttgart
Branch:
Gudrun Sjödén GmbH
Adolphsbrücke 9
D 20457 Hamburg
Payment experience: Regular
Negative information:We have no negative
information at hand.
Balance sheet year: 2013
Type of ownership: Tenant
Address Fürther
Str. 33
D 90513 Zirndorf
Land register documents were not available.
COMMERZBANK VORMALS DRESDNER BANK, 90327
NÜRNBERG, MITTELFR
Sort. code: 76080040, Account no.: 1308488
BIC: DRESDEFF760, IBAN: DE26760800400130848800
UNICREDIT BANK - HYPOVEREINSBANK, 91139 ROTH,
MITTELFR
Sort. code: 76420080, Account no.: 5638003
BIC: HYVEDEMM065, IBAN: DE97764200800005638003
POSTBANK, 90322 NÜRNBERG, MITTELFR
Sort. code: 76010085, Account no.: 56511853
BIC: PBNKDEFFXXX, IBAN: DE28760100850056511853
Gross profit or
loss:2013 EUR 16,640,305.00
Profit: 2013 EUR 2,787,695.00
Equipment: *EUR 1,320,000.00
Ac/ts receivable: EUR 2,134,642.00
Liabilities: EUR 2,294,255.00
Total numbers of
vehicles:
1
- Passenger cars:
1
Employees: 132
- Temporary workers: 31
The business figures marked with an asterisk
are estimates based
on average values in the line of business.
BALANCE SHEETS
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 60.39
Liquidity ratio: 10.00
Return on total capital [%]: 31.20
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 27.28
Liquidity ratio: 8.76
Return on total capital [%]: 16.56
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 55.35
Liquidity ratio: 10.00
Return on total capital [%]: 22.49
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 62.18
Liquidity ratio: 10.00
Return on total capital [%]: 15.80
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
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2013 - 31.12.2013
ASSETS EUR 8,994,156.69
Fixed assets EUR 824,703.00
Intangible assets EUR 120,214.00
Tangible assets EUR 704,489.00
Current assets EUR 8,039,246.69
Stocks EUR 3,018,478.58
Accounts receivable EUR 2,134,642.44
Liquid means EUR 2,886,125.67
Remaining other
assets EUR 130,207.00
Accruals (assets) EUR 130,207.00
LIABILITIES EUR 8,994,156.69
Shareholders' equity EUR 5,455,338.67
Capital EUR 25,564.60
Subscribed capital
(share capital) EUR 51,129.19
thereof not yet paid-up
capital EUR 51,129.19
thereof called EUR 25,564.60
thereof uncalled
outstanding
contributions EUR 25,564.59
Balance sheet profit/loss
(+/-) EUR 5,429,774.07
Profit / loss brought
forward EUR 2,642,078.96
Annual surplus / annual
deficit EUR 2,787,695.11
Provisions EUR 1,244,563.24
Liabilities EUR 2,294,254.78
Other liabilities EUR 2,294,254.78
Unspecified other
liabilities EUR 2,294,254.78
thereof liabilities
from tax /
financial
authorities EUR 290,017.77
thereof liabilities
from social
security EUR 7,102.99
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Gross result (+/-) EUR 16,640,304.97
Staff expenses EUR 3,009,804.89
Wages and salaries EUR 2,496,888.80
Social security
contributions and
expenses for pension
plans and
benefits EUR 512,916.09
Total depreciation EUR 220,544.44
Other operating
expenses EUR 9,561,729.19
Operating result from
continuing
operations EUR 3,848,226.45
Interest result (+/-) EUR 63,697.28
Interest and similar
income EUR 152,861.05
Interest and similar
expenses EUR 89,163.77
Financial result
(+/-) EUR 63,697.28
Result from ordinary operations (+/-) EUR
3,911,923.73
Income tax / refund of
income tax (+/-)EUR -1,124,012.62
Other taxes / refund of
taxes EUR -216.00
Tax (+/-) EUR -1,124,228.62
Annual surplus / annual
deficit EUR 2,787,695.11
Type of balance
sheet: Company balance sheet
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 9,971,691.44
Fixed assets EUR 518,380.00
Intangible assets EUR 120,275.00
Tangible assets EUR 398,105.00
Current assets EUR 9,448,482.44
Stocks EUR 3,432,816.33
Accounts receivable EUR 3,333,812.83
Liquid means EUR 2,681,853.28
Remaining other
assets EUR 4,829.00
Accruals (assets) EUR 4,829.00
LIABILITIES EUR 9,971,691.44
Shareholders' equity EUR 2,667,643.56
Capital EUR 25,564.60
Subscribed capital
(share capital) EUR 51,129.19
thereof not yet paid-up
capital EUR 51,129.19
thereof called EUR 25,564.60
thereof uncalled
outstanding
contributions EUR 25,564.59
Balance sheet profit/loss
(+/-) EUR 2,642,078.96
Balance sheet profit /
loss EUR 2,642,078.96
Provisions EUR 4,144,916.00
Liabilities EUR 3,159,131.88
Other liabilities EUR 0.00
Unspecified other
liabilities EUR 0.00
thereof liabilities
from tax /
financial
authorities EUR 1,148,607.93
thereof liabilities
from social
security EUR 7,838.85
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Gross result (+/-) EUR 15,745,807.33
Staff expenses EUR 2,871,414.17
Wages and salaries EUR 2,407,925.53
Social security contributions and
expenses for pension plans and
benefits EUR 463,488.64
Total depreciation EUR 188,468.58
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 188,468.58
Other operating expenses EUR 10,253,237.49
Operating result from continuing
operations EUR 2,432,687.09
Interest result (+/-) EUR 2,370.30
Interest and similar income EUR 18,089.35
Interest and similar expenses EUR 15,719.05
Financial result (+/-) EUR 2,370.30
Result from ordinary operations (+/-) EUR
2,435,057.39
Income tax / refund of income tax
(+/-)EUR -793,060.20
Other taxes / refund of taxes EUR -382.00
Tax (+/-) EUR -793,442.20
Annual surplus / annual deficit EUR 1,641,615.19
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.80 |
|
|
1 |
Rs.100.49 |
|
Euro |
1 |
Rs.72.52 |
|
Euro |
1 |
Rs.72.92 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared by
: |
TRU |
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 |
|
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.