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Report No. : |
293712.2 |
|
Report Date : |
14.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
GOLDEN NUGGET LEDERWAREN-VERTRIEBS
GMBH |
|
|
|
|
Registered Office : |
Bahnhofstr. 4 D 55595 Weinsheim |
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|
|
|
Country : |
Germany |
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|
|
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Financials (as on) : |
31.12.2013 |
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|
|
|
Date of Incorporation : |
05.12.1994 |
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|
|
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Com. Reg. No.: |
HRB 3299 |
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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. |
|
|
|
|
No. of Employees : |
4 |
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 : |
No complaints |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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, has 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 5.3% in 2013. The new German government introduced a minimum wage of $11 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%. 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. 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 hopes to replace nuclear power with renewable energy. 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.
|
Source
: CIA |
GOLDEN
NUGGET LEDERWAREN-VERTRIEBS GMBH
Company Status: active
Bahnhofstr. 4
D 55595 Weinsheim
Telephone:06758/8973
Telefax: 06758/8562
Homepage: www.gn-lederwaren.de
E-mail: info@gn-lederwaren.de
DE169372030
06/656/1845/1
Business
relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1994
Shareholders'
agreement: 05.12.1994
Registered on: 16.03.1995
Commercial Register: Local court 55543 Bad Kreuznach
under: HRB
3299
EUR 75,000.00
Shareholder:
Benno Schneider
Bahnhofstr. 4
D 55595 Weinsheim
born: 21.08.1963
Share: EUR 75,000.00
Manager:
Benno Schneider
Bahnhofstr. 4
D 55595 Weinsheim
having sole power of
representation
born: 21.08.1963
Marital status: married
Main
industrial sector
46493
Wholesale of leather goods, luggage, giftware and advertising articles
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2013
Type of ownership: Tenant
Address Bahnhofstr.
4
D 55595 Weinsheim
Land register documents were not available.
Principal bank
SPARKASSE RHEIN-NAHE, 55541 BAD KREUZNACH
Sort. code: 56050180
BIC: MALADE51KRE
Turnover: 2012 EUR 1,760,000.00
2013 EUR 2,000,000.00
further business figures:
Ac/ts receivable: EUR 773,498.00
Liabilities: EUR 330,796.00
Employees: 4
-
Freelancer:
4
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 62.14
Liquidity ratio: 4.41
Return on total capital [%]: 4.70
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 65.88
Liquidity ratio: 3.56
Return on total capital [%]: 5.20
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 51.05
Liquidity ratio: 2.21
Return on total capital [%]: 8.42
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 47.42
Liquidity ratio: 1.76
Return on total capital [%]: 7.11
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
Financial
year: 01.01.2013 - 31.12.2013
ASSETS EUR 1,264,158.63
Fixed assets
EUR 97,916.00
Intangible assets
EUR 0.50
Tangible
assets EUR 97,915.50
Current assets
EUR 1,165,921.13
Stocks
EUR 237,077.34
Accounts receivable
EUR 773,497.57
Liquid means
EUR 155,346.22
Remaining other assets
EUR 321.50
Accruals (assets)
EUR 321.50
LIABILITIES EUR 1,264,158.63
Shareholders' equity
EUR 785,556.73
Capital
EUR 75,000.00
Subscribed capital (share capital)
EUR 75,000.00
Balance sheet profit/loss (+/-) EUR 710,556.73
Balance sheet profit / loss
EUR 710,556.73
Provisions
EUR 147,806.00
Liabilities
EUR 330,795.90
Type
of balance sheet: Company balance sheet
Financial year: 01.01.2012
- 31.12.2012
ASSETS EUR 1,280,355.39
Fixed assets
EUR 102,031.00
Intangible assets EUR 0.50
Tangible assets
EUR 102,030.50
Current assets
EUR 1,177,831.83
Stocks
EUR 242,465.77
Accounts receivable
EUR 933,763.91
Liquid means
EUR 1,602.15
Remaining other assets
EUR 492.56
Accruals (assets)
EUR 492.56
LIABILITIES EUR 1,280,355.39
Shareholders' equity
EUR 726,099.97
Capital
EUR 75,000.00
Subscribed capital (share capital)
EUR 75,000.00
Balance sheet profit/loss (+/-)
EUR 651,099.97
Balance sheet profit / loss
EUR 651,099.97
Provisions
EUR 173,087.00
Liabilities
EUR 381,168.42
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.14 |
|
|
1 |
Rs.95.78 |
|
Euro |
1 |
Rs.71.05 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NIT |
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.