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Report No. : |
353590 |
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Report Date : |
14.12.2015 |
IDENTIFICATION DETAILS
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Name : |
A.R. DILMANIAN & CO. GMBH |
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|
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Registered Office : |
Borsteler
Chaussee 85-99a Haus 21 D 22453 Hamburg |
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Country : |
Germany |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
1986 |
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Legal Form : |
Private limited company |
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Line of Business : |
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No. of Employee : |
5 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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 |
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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 |
A.R. Dilmanian & Co. GmbH
Borsteler Chaussee 85-99a
Haus 21
D 22453 Hamburg
Telephone:040/5144940
Telefax: 040/51449450
Homepage: www.dilmanian.com
E-mail: info@dilmanian.com
Active
DE118631285
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1986
Shareholders'
agreement: 21.07.1986
Registered on: 10.10.1986
Commercial Register: Local court 20355 Hamburg
under: HRB
36812
Share capital: EUR 127,822.97
Shareholder:
Abdol Dilmanian
Rondeel 10
D 22301 Hamburg
born: 15.12.1926
Share: EUR 95,867.23
Shareholder:
Erik Dilmanian
Rondeel 10
D 22301 Hamburg
born: 31.08.1953
Share: EUR 31,955.74
Manager:
Erik Dilmanian
Rondeel 10
D 22301 Hamburg
having sole power of
representation
born: 31.08.1953
Profession: Businessman
Manager:
Simon Dilmanian
USA Brighton
born: 01.09.1988
Nationality: USA
Main industrial sector
4647 Wholesale of furniture, carpets and rugs and
lighting
4753 Retail sale of carpets, rugs, wall and
floor coverings
Payment experience: Slow
but correct
Negative information:We have no negative
information at hand.
Balance sheet year: 2013
Type of ownership: Tenant
Address Borsteler
Chaussee 85-99a Haus 21
D 22453 Hamburg
Real Estate of: Erik
Dilmanian
Type of ownership: unknown
Address Rondeel
6 b
D 22301 Hamburg
Land register documents were not available.
DONNER & REUSCHEL, 20095 HAMBURG
Sort. code: 20030300
BIC: CHDBDEHHXXX
Turnover: 2014 *EUR 712,500.00
Profit: 2013 EUR -167,536.00
further business figures:
Equipment: *EUR 40,000.00
Ac/ts receivable: EUR 289,660.00
Liabilities: EUR 649,274.00
Employees:
5
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 [%]: 59.70
Liquidity ratio: 0.47
Return on total capital [%]: -8.57
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 65.80
Liquidity ratio: 0.79
Return on total capital [%]: -5.55
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 69.96
Liquidity ratio: 1.21
Return on total capital [%]: -8.60
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 79.85
Liquidity ratio: 5.43
Return on total capital [%]: -25.21
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 1,955,787.38
Fixed assets EUR 49.00
Intangible assets EUR 16.00
Tangible assets EUR 33.00
Current assets EUR 1,932,029.03
Stocks EUR 1,607,049.09
Accounts receivable EUR 289,660.24
Liquid means EUR 35,319.70
Remaining other
assets EUR 23,709.35
Accruals (assets) EUR 23,709.35
LIABILITIES EUR 1,955,787.38
Shareholders' equity EUR 1,167,574.97
Capital EUR 127,822.97
Subscribed capital
(share capital) EUR 127,822.97
Reserves EUR 3,050,486.42
Capital reserves EUR 3,050,486.42
Balance sheet profit/loss
(+/-) EUR -2,010,734.42
Profit / loss brought
forward EUR -1,843,198.17
Annual surplus / annual
deficit EUR -167,536.25
Provisions EUR 138,938.33
Liabilities EUR 649,274.08
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 2,028,924.39
Fixed assets EUR 156.00
Intangible assets EUR 16.00
Tangible assets EUR 140.00
Current assets EUR 2,005,853.17
Stocks EUR 1,573,840.07
Accounts receivable EUR 431,795.46
Liquid means EUR 217.64
Remaining other
assets EUR 22,915.22
Accruals (assets) EUR 22,915.22
LIABILITIES EUR 2,028,924.39
Shareholders' equity EUR 1,335,111.22
Capital EUR 127,822.97
Subscribed capital
(share capital) EUR
127,822.97
Reserves EUR 3,050,486.42
Capital reserves EUR 3,050,486.42
Balance sheet profit/loss
(+/-) EUR -1,843,198.17
Profit / loss brought forward EUR -1,730,619.24
Annual surplus / annual
deficit EUR -112,578.93
Provisions EUR 146,669.06
Liabilities EUR 547,144.11
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.79 |
|
|
1 |
Rs.101.10 |
|
Euro |
1 |
Rs.73.10 |
|
EUR |
1 |
Rs.73.45 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
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.