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Report No. : |
357189 |
|
Report Date : |
31.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
GYM80
INTERNATIONAL GMBH |
|
|
|
|
Registered Office : |
Wiesmannstr.
46, D 45881 Gelsenkirchen |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
01.11.1997 |
|
|
|
|
Legal Form : |
Private Limited Company |
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|
|
|
Line of Business : |
·
Manufacture of sports goods ·
Manufacutre of technical instruments and
supplies for medical purposesn.e.c. ·
Wholesale of medical and orthopedic
goods, dental and laboratory supplies ·
Wholesale of bicycles, bicycle parts and
accessories, sports and camping articles (except camping furniture) |
|
|
|
|
No. of Employee : |
134 |
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 : |
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 |
|
High |
B2 |
|
Very High |
C1 |
|
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 |
GYM80 INTERNATIONAL GMBH
Company Status: active
Wiesmannstr. 46
D 45881 Gelsenkirchen
Telephone: 0209/97064-0
Telefax: 0209/97064-41
Homepage: www.gym80.de
E-mail: info@gym80.de
VAT
no.: DE812345866
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 01.11.1997
Shareholders'
agreement: 01.11.1997
Registered on: 25.11.1997
Commercial Register: Local court 45879 Gelsenkirchen
under: HRB
3249
Share capital: EUR 100,000.00
Sonja van Winkelhof
(vormals Stromberg)
D 45127 Essen
born: 21.05.1974 in Herne
née: Tillmann
Share: EUR 74,900.00
Shareholder:
Gummitechnik Civak GmbH
Mittelweg 101
D 59302 Oelde
Legal form: Private
limited company
Share capital: EUR 25,564.59
Share: EUR 25,100.00
Registered on: 24.10.1996
Reg. data: 48149 Münster, HRB 7261
Arie Frank van Winkelhof
Hauptstr. 175
D 45219 Essen
having sole power of
representation
born: 02.07.1959
Nationality: Dutch
Manager:
Simal Yilmaz
Windausstr. 23
D 44369 Dortmund
having sole power of
representation
born: 14.04.1969
Marital status: married
Sonja van Winkelhof
(vormals Stromberg)
D 45127 Essen
having sole power of
representation
born: 21.05.1974 in Herne
née: Tillmann
Profession: Businessman
Marital status: divorced
Further functions/participations of Arie Frank
van Winkelhof
(Manager)
General partner:
Arie Frank van
Winkelhof und Simal Yilmaz
Wiesmannstr. 46
D 45881 Gelsenkirchen
Legal form: Partnership
under the Civil Code
Shareholder:
a & s WORKS GmbH
Wiesmannstr. 46
D 45881 Gelsenkirchen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 22.08.2014
Reg. data: 45879
Gelsenkirchen, HRB 12703
Shareholder:
enformax Europe GmbH
Wiesmannstr. 46
D 45881 Gelsenkirchen
Legal form: Private limited company
Share capital: EUR 25,000.00
Share: EUR 6,300.00
Registered
on: 18.04.2008
Reg. data: 45879
Gelsenkirchen, HRB 9394
Manager:
enformax Europe GmbH
Wiesmannstr. 46
D 45881 Gelsenkirchen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 18.04.2008
Reg. data: 45879
Gelsenkirchen, HRB 9394
Manager:
a & s WORKS GmbH
Wiesmannstr. 46
D 45881 Gelsenkirchen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 22.08.2014
Reg. data: 45879
Gelsenkirchen, HRB 12703
Further functions/participations of Simal
Yilmaz (Manager)
General partner:
Arie Frank van Winkelhof
und Simal Yilmaz
Wiesmannstr. 46
D 45881 Gelsenkirchen
Legal form: Partnership
under the Civil Code
Shareholder:
M & S Sportanlagen
GmbH
Kolpingstr. 38
D 48351 Everswinkel
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 21.05.2014
Reg. data: 48149
Münster, HRB 14967
Shareholder:
a & s WORKS GmbH
Wiesmannstr. 46
D 45881 Gelsenkirchen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 22.08.2014
Reg. data: 45879
Gelsenkirchen, HRB 12703
Shareholder:
enformax Europe GmbH
Wiesmannstr. 46
D 45881 Gelsenkirchen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 2,450.00
Registered
on: 18.04.2008
Reg. data: 45879
Gelsenkirchen, HRB 9394
Manager:
a & s WORKS GmbH
Wiesmannstr. 46
D 45881 Gelsenkirchen
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 22.08.2014
Reg. data: 45879
Gelsenkirchen, HRB 12703
Manager:
M & S Sportanlagen
GmbH
Kolpingstr. 38
D 48351 Everswinkel
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 21.05.2014
Reg. data: 48149
Münster, HRB 14967
25.11.1997 - 05.1999 GYM 80 International
Vertriebsgesellschaft
mbH
Emscherstr. 53
D 45891 Gelsenkirchen
Private limited
company
06.1999 - 22.10.2007 GYM 80 International
Vertriebsgesellschaft
mbH
Wiesmannstr. 46
D 45881 Gelsenkirchen
Private limited
company
22.10.2007 - 09.06.2015 Gym 80 International GmbH
Wiesmannstr. 46
D 45881 Gelsenkirchen
Private limited
company
Main industrial sector
32300
Manufacture of sports goods
32501
Manufacutre of technical instruments and supplies for medical
purposesn.e.c.
46462
Wholesale of medical and orthopedic goods, dental and laboratory
supplies
46492
Wholesale of bicycles, bicycle parts and accessories, sports and camping
articles (except camping furniture)
Payment experience: Slow
But Correct
Negative
information: We have no negative
information at hand.
Balance sheet year: 2013
PMI: present: 90
16.12.2015
Ø 6 months:82
The "Payment
Morality Index" evaluates
payment delays that
have been reported to
the "DDMonitor"
100: No
payment delays are shown in the
"DDMonitor".
80-99: The
"DDMonitor" confirms the payment
delay of a few days.
40-79: The
"DDMonitor" confirms the payment
delay of some days to weeks.
0-39: The
"DDMonitor" confirms the payment
delay of several months.
Type of ownership: Tenant
Address Wiesmannstr.
46
D 45881 Gelsenkirchen
Real Estate of: Simal
Yilmaz
Type of ownership: Tenant
Address Windausstr.
23
D 44369 Dortmund
Land register documents were not available.
Principal bank
COMMERZBANK VORMALS DRESDNER BANK, 45008
ESSEN, RUHR
Sort. code: 36080080, Account no.: 0750435400
BIC: DRESDEFF360, IBAN: DE51360800800750435400
Further bank
COMMERZBANK VORMALS DRESDNER BANK, 45806
GELSENKIRCHEN
Sort. code: 42080082
BIC: DRESDEFF420
Turnover: 2013 EUR 21,125,107.00
Profit: 2013 EUR 385,257.00
Equipment: EUR 616,120.00
Ac/ts receivable: EUR 3,054,886.00
Liabilities: EUR 4,353,073.00
Real estate of the firm: EUR
44,540.00
Employees:
134
-
thereof permanent staff: 128
-
Temporary workers: 6
Balance
sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 25.50
Liquidity ratio: 0.92
Return on total capital [%]: 17.86
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 27.58
Liquidity ratio: 0.44
Return on total capital [%]: 14.23
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 27.72
Liquidity ratio: 0.40
Return on total capital [%]: 1.19
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 19.90
Liquidity ratio: 0.35
Return on total capital [%]: -1.20
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: Company balance sheet
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2013 - 31.12.2013
ASSETS EUR 9,000,426.66
Fixed assets EUR 2,990,397.33
Intangible assets
EUR 1,423,609.44
Internally generated industrial
property rights and similar rights
and assets
EUR 24,690.00
Concessions, licences, rights
EUR 1,398,919.44
Tangible assets
EUR 940,500.00
Land / similar rights
EUR 44,540.00
Plant / machinery
EUR 279,840.00
Other tangible assets / fixtures and
fittings
EUR 616,120.00
Financial assets
EUR 626,287.89
Shares in participations /
subsidiaries and the like
EUR 4,953.06
Shares in related companies
EUR 1.00
Shares in investee companies
EUR 4,952.06
Loans to participations /
subsidiaries and the like
EUR 621,334.83
Loans to related companies
EUR 621,334.83
Current assets
EUR 5,872,150.65
Stocks
EUR 2,189,654.59
Raw materials, consumables and
supplies EUR 1,554,072.79
Finished goods / work in progress
EUR 810,947.51
Advance payments made
EUR 8,565.72
Minus received advance payments for
orders / installments for stocks
EUR -183,931.43
Accounts receivable
EUR 3,054,886.04
Trade debtors
EUR 1,438,994.85
Other debtors and assets
EUR 1,615,891.19
Liquid means EUR 627,610.02
Remaining other assets
EUR 137,878.68
Accruals (assets)
EUR 137,878.68
LIABILITIES EUR 9,000,426.66
Shareholders' equity
EUR 1,857,251.73
Capital
EUR 100,000.00
Subscribed capital (share capital)
EUR 100,000.00
Reserves
EUR 700,000.00
Capital reserves
EUR 700,000.00
Balance sheet profit/loss (+/-)
EUR 1,057,251.73
Profit / loss brought forward
EUR 671,995.09
Annual surplus / annual deficit
EUR 385,256.64
Provisions
EUR 2,785,171.79
Pension provisions and comparable
provisions
EUR 522,179.00
Provisions for taxes
EUR 325,980.79
Other / unspecified provisions
EUR 1,937,012.00
Liabilities
EUR 4,353,072.92
Other liabilities
EUR 4,353,072.92
Trade creditors (for IAS incl. bills
of exchange) EUR 2,146,155.39
Unspecified other liabilities
EUR 2,206,917.53
Other liabilities
EUR 4,930.22
Deferred taxes (not included under
provisions/liabilities)
EUR 4,930.22
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 21,125,106.86
Inventory change + own costs (+/-)
EUR 333,493.80
Inventory change (+/-)
EUR 279,896.80
Capitalised own costs
EUR 53,597.00
Other operating income
EUR 594,375.22
Cost of materials
EUR 7,729,116.56
Raw materials and supplies, purchased
goods
EUR 7,729,116.56
Gross result (+/-)
EUR 14,323,859.32
Staff expenses
EUR 6,374,615.33
Wages and salaries EUR 5,322,315.59
Social security contributions and
expenses for pension plans and
benefits
EUR 1,052,299.74
Total depreciation
EUR 405,439.38
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 405,439.38
Other operating expenses
EUR 5,586,614.89
Operating result from continuing
operations EUR 1,957,189.72
Interest result (+/-)
EUR -62,796.73
Interest and similar income
EUR 64,818.37
Interest and similar expenses
EUR 127,615.10
Financial
result (+/-) EUR -62,796.73
Result from ordinary operations (+/-)
EUR 1,894,392.99
Extraordinary expenses
EUR 1,196,576.00
Extraordinary result (+/-)
EUR -1,196,576.00
Income tax / refund of income tax (+/-)EUR -307,352.35
Other taxes / refund of taxes
EUR -5,208.00
Tax
(+/-)
EUR -312,560.35
Annual surplus / annual deficit
EUR 385,256.64
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 6,424,614.20
Fixed assets
EUR 3,009,497.31
Intangible assets
EUR 1,452,636.51
Internally generated industrial
property rights and similar rights
and assets EUR 43,207.00
Concessions, licences, rights
EUR 1,409,429.51
Tangible assets
EUR 918,345.00
Land / similar rights
EUR 51,516.00
Plant / machinery
EUR 313,064.00
Other tangible assets / fixtures and
fittings
EUR 553,765.00
Financial assets
EUR 638,515.80
Shares
in participations /
subsidiaries and the like
EUR 4,953.06
Shares in related companies
EUR 1.00
Shares in investee companies
EUR 4,952.06
Loans to participations /
subsidiaries and the like
EUR 633,562.74
Loans to related companies
EUR 633,562.74
Current assets
EUR 3,210,156.19
Stocks
EUR 1,335,859.09
Raw materials, consumables and
supplies
EUR 1,100,101.45
Finished goods / work in progress
EUR 531,050.71
Advance payments made
EUR 43,353.94
Minus received advance payments for
orders / installments for stocks
EUR -338,647.01
Accounts receivable
EUR 1,718,473.52
Trade debtors
EUR 952,406.28
Other debtors and assets
EUR 766,067.24
Liquid means
EUR 155,823.58
Remaining other assets
EUR 204,960.70
Accruals (assets)
EUR 102,486.17
Active difference from asset
offsetting
EUR 102,474.53
LIABILITIES EUR 6,424,614.20
Shareholders' equity
EUR 1,471,995.09
Capital EUR 100,000.00
Subscribed capital (share capital)
EUR 100,000.00
Reserves
EUR 700,000.00
Capital reserves
EUR 700,000.00
Balance sheet profit/loss (+/-)
EUR 671,995.09
Profit / loss brought forward
EUR 369,074.89
Annual surplus / annual deficit
EUR 302,920.20
Provisions
EUR 762,382.36
Provisions for taxes
EUR 214,172.36
Other / unspecified provisions
EUR 548,210.00
Liabilities
EUR 4,155,043.48
Financial debts
EUR 228,249.49
Liabilities due to banks
EUR 228,249.49
Other liabilities
EUR 3,926,793.99
Trade creditors (for IAS incl. bills
of exchange)
EUR 2,014,540.17
Unspecified other liabilities
EUR 1,912,253.82
thereof liabilities from tax /
financial authorities
EUR 177,797.51
thereof liabilities from social
security
EUR 126,022.25
Other liabilities
EUR 35,193.27
Deferred taxes (not included under
provisions/liabilities)
EUR 35,193.27
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 18,129,684.78
Inventory change + own costs (+/-)
EUR -153,000.50
Inventory change (+/-)
EUR -232,495.50
Capitalised own costs
EUR 79,495.00
Other operating income
EUR 326,105.56
Cost of materials
EUR 6,545,162.82
Raw materials and supplies, purchased
goods
EUR 6,460,403.97
Purchased services
EUR 84,758.85
Gross result (+/-)
EUR 11,757,627.02
Staff expenses
EUR 5,538,694.17
Wages and salaries
EUR 4,600,322.59
Social security contributions and
expenses for pension plans and
benefits
EUR 938,371.58
Total depreciation
EUR 368,834.86
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 368,834.86
Other operating expenses
EUR 4,608,471.19
Operating result from continuing
operations
EUR 1,241,626.80
Interest result (+/-)
EUR -129,265.95
Interest and similar income
EUR 91,529.37
Interest and similar expenses
EUR 220,795.32
Financial result (+/-) EUR -129,265.95
Result from ordinary operations (+/-)
EUR 1,112,360.85
Extraordinary expenses
EUR 591,534.69
Extraordinary result (+/-)
EUR -591,534.69
Income tax / refund of income tax (+/-)EUR -212,302.96
Other taxes / refund of taxes
EUR -5,603.00
Tax
(+/-)
EUR -217,905.96
Annual surplus / annual deficit
EUR 302,920.20
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.42 |
|
|
1 |
Rs.98.54 |
|
Euro |
1 |
Rs.72.60 |
|
EURO |
1 |
Rs. 72.47 |
Note :
Above are approximate rates obtained from sources believed to be correct
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 |
|
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.