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Report No. : |
354968 |
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Report Date : |
19.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
MADNESS
THE NATURE TEXTILE COMPANY GMBH |
|
|
|
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Registered Office : |
Moorweg
12, D 21261 Welle |
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|
|
|
Country : |
Germany |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
09.01.2009 |
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|
|
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesale of textiles |
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No. of Employee : |
5 |
RATING & COMMENTS
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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 : |
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 |
|
Moderate |
B1 |
|
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 |
MADNESS
THE NATURE TEXTILE COMPANY GMBH
Company Status: active
Moorweg 12
D 21261 Welle
Telephone:04188/894911
Telefax:
04188/891420
Homepage:
www.madness-online.com
E-mail:
info@madness-online.com
VAT
no.: DE263034283
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 09.01.2009
Shareholders'
agreement: 09.01.2009
Registered on: 12.03.2009
Commercial Register: Local court 21255 Tostedt
under: HRB
201656
Share capital: EUR 25,000.00
Matthias Warnke
Moorweg 12
D 21261 Welle
born: 21.11.1959
Share: EUR 15,000.00
Shareholder:
Baochun Ling
D 21261 Welle
Share: EUR 10,000.00
Matthias Warnke
Moorweg 12
D 21261 Welle
having sole power of
representation
born: 21.11.1959
Profession: Businessman
Marital status: married
Main industrial sector
46410
Wholesale of textiles
Payment experience: within
periods customary in this trade
Negative information: We have no negative information at hand.
Balance sheet year: 2014
Type of ownership: Tenant
Address Moorweg
12
D 21261 Welle
Land register documents were not available.
VOLKSBANK LÜNEBURGER HEIDE, 21412 WINSEN
(LUHE)
Sort. code: 24060300
BIC: GENODEF1NBU
Turnover: 2014 EUR 1,495,651.00
Profit: 2013 EUR 36,636.00
2014 EUR 18,721.00
further business figures:
Equipment: EUR 21,610.00
Ac/ts receivable: EUR 148,729.00
Liabilities: EUR 311,806.00
Employees:
5
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 31.12
Liquidity ratio: 0.48
Return on total capital [%]: 3.54
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 34.59
Liquidity ratio: 0.40
Return on total capital [%]: 8.69
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 25.69
Liquidity ratio: 1.10
Return on total capital [%]: 4.76
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 27.13
Liquidity ratio: 1.10
Return on total capital [%]: 3.88
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: 01.01.2014 - 31.12.2014
ASSETS EUR 528,677.32
Fixed assets
EUR 21,704.76
Tangible assets
EUR 21,610.22
Financial assets EUR 94.54
Other / unspecified financial assets EUR 94.54
Current assets
EUR 428,853.41
Stocks
EUR 280,119.65
Accounts receivable
EUR 148,729.32
Liquid means
EUR 4.44
Remaining other assets
EUR 78,119.15
Accruals (assets)
EUR 78,119.15
LIABILITIES EUR 528,677.32
Shareholders' equity
EUR 164,520.61
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR 139,520.61
Profit / loss brought forward
EUR 120,799.15
Annual surplus / annual deficit
EUR 18,721.46
Provisions
EUR 52,350.71
Liabilities
EUR 311,806.00
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 421,790.18
Fixed assets
EUR 1,474.62
Tangible assets
EUR 1,380.08
Financial assets EUR 94.54
Other / unspecified financial assets EUR 94.54
Current assets
EUR 376,742.69
Stocks
EUR 276,297.69
Accounts receivable EUR 100,265.10
Liquid means
EUR 179.90
Remaining other assets
EUR 43,572.87
Accruals (assets)
EUR 43,572.87
LIABILITIES EUR 421,790.18
Shareholders' equity
EUR 145,913.68
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR 120,913.68
Profit / loss brought forward
EUR 84,277.97
Annual surplus / annual deficit
EUR 36,635.71
Provisions
EUR 25,880.69
Liabilities
EUR 249,995.81
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.42 |
|
|
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.72.14 |
|
EUR |
1 |
Rs.72.06 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
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 |
|
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.