|
Report No. : |
257348.2 |
|
Report Date : |
14.02.2015 |
www.shipments.de Wördemann GmbH
Rungedamm 37
D 21035 Hamburg
Telephone: 040/8222147-0
Telefax:
040/8222147-18
Homepage: www.shipments.de
E-mail:
info@shipments.de
active
DE210015231
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 2000
Shareholders'
agreement: 12.05.2000
Registered on: 25.08.2000
Commercial Register: Local court 20355 Hamburg
under: HRB
76774
Share capital: EUR 50,000.00
Jörg Wördemann
Auf der Bojewiese 11
D 21033 Hamburg
born: 12.11.1956
Share: EUR 50,000.00
Jörg Wördemann
Auf der Bojewiese 11
D 21033 Hamburg
born: 12.11.1956
Profession: Shipping agent
Marital status: married
Further
functions/participations of Jörg Wördemann (Manager)
Shareholder:
R & K Shipping Agency
GmbH
Roßweg 20
D 20457 Hamburg
Legal form: Private
limited company
dissolved by
official decree
Share capital: EUR 25,564.59
Share: EUR 25,564.59
Registered
on: 22.07.1994
Reg. data: 20355 Hamburg, HRB 56222
25.08.2000 - 28.06.2004 WWW.Shipments.De Wördemann GmbH
Raboisen 32
D 20095 Hamburg
Private limited
company
29.06.2004 - 01.08.2005 WWW.Shipments.De Wördemann GmbH
Porgesring 24
D 22113 Hamburg
Private limited
company
Main industrial sector
52291
Forwarding agency
Payment experience: within periods customary in this trade
Negative information: We have no negative information at hand.
Balance sheet year: 2013
Type of ownership: Tenant
Address Rungedamm
37
D 21035 Hamburg
Land register documents were not
available.
Principal bank
HAMBURGER SPARKASSE, 20454 HAMBURG
Sort. code: 20050550
BIC: HASPDEHHXXX
Turnover: 2012 EUR 6,500,000.00
2013 EUR 6,500,000.00
Profit: 2012 EUR 3,196.00
further business figures:
Liabilities: EUR 547,097.00
Employees:
10
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 33.28
Return on total capital [%]: -6.37
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 29.67
Liquidity ratio: 1.81
Return on total capital [%]: 0.30
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 25.24
Liquidity ratio: 2.66
Return on total capital [%]: -0.55
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 16.38
Liquidity ratio: 1.65
Return on total capital [%]: 3.26
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 818,603.99
Fixed assets
EUR 1,076.51
Current assets
EUR 817,527.48
LIABILITIES EUR 818,603.99
Shareholders' equity
EUR 208,376.70
Capital
EUR 50,000.00
Subscribed
capital (share capital) EUR 50,000.00
Balance sheet profit/loss (+/-)
EUR 158,376.70
Balance sheet profit / loss
EUR 158,376.70
Provisions
EUR 63,130.35
Liabilities
EUR 547,096.94
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 1,083,323.85
Fixed
assets EUR 6,055.51
Intangible assets
EUR 1,810.00
Tangible assets
EUR 4,245.51
Current assets
EUR 1,077,268.34
Accounts receivable
EUR 997,623.93
Liquid means
EUR 79,644.41
LIABILITIES EUR 1,083,323.85
Shareholders' equity
EUR 260,558.09
Capital
EUR 50,000.00
Subscribed capital (share capital)
EUR 50,000.00
Balance sheet profit/loss (+/-)
EUR 210,558.09
Profit / loss brought forward EUR 207,362.06
Annual surplus / annual deficit
EUR 3,196.03
Provisions
EUR 129,067.37
Liabilities
EUR 693,698.39
Other liabilities EUR 693,698.39
Trade creditors (for IAS incl. bills
of exchange)
EUR 611,939.13
Unspecified other liabilities
EUR 81,759.26
|
Report No. : |
257348 |
|
Report Date : |
10.03.2014 |
IDENTIFICATION DETAILS
|
Correct Name : |
WWW.SHIPMENTS.DE WÖRDEMANN GMBH |
|
|
|
|
Registered Office : |
Rungedamm 37, D 21035 Hamburg |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
25.08.2000 |
|
|
|
|
Com. Reg. No.: |
HRB 76774 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Subject is a specialist logistics company for forestry and recycling products in Germany |
|
|
|
|
No. of Employees |
10 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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 in 2006 and 2007 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 6.5% in 2012. GDP contracted
5.1% in 2009 but grew by 4.2% in 2010, and 3.0% in 2011, before dipping to 0.7%
in 2012 - a reflection of low investment spending due to crisis-induced
uncertainty and the decreased demand for German exports from recession-stricken
periphery countries. 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. 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. By 2014, the federal
government wants to balance its budget. 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 |
www.shipments.de
Wördemann GmbH
Rungedamm 37
D 21035 Hamburg
Telephone 040/82221470
Telefax: 040/822214718
Homepage: www.shipments.de
E-mail:
info@shipments.de
active
DE210015231
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 2000
Shareholders'
agreement: 12.05.2000
Registered on: 25.08.2000
Commercial Register: Local court 20355 Hamburg
under: HRB
76774
Share capital: EUR 50,000.00
Jörg Wördemann
Auf der Bojewiese 11
D 21033 Hamburg
born: 12.11.1956
Share: EUR 50,000.00
Jörg Wördemann
Auf der Bojewiese 11
D 21033 Hamburg
born: 12.11.1956
Profession: Shipping agent
Marital status: married
Further
functions/participations of Jörg Wördemann (Manager)
Shareholder:
R & K Shipping Agency
GmbH
Roßweg 20
D 20457 Hamburg
Legal form: Private
limited company
dissolved by official decree
Share capital: EUR 25,564.59
Share: EUR 25,564.59
Registered
on: 22.07.1994
Reg. data: 20355 Hamburg, HRB 56222
25.08.2000 - 28.06.2004 WWW.Shipments.De Wördemann GmbH
Raboisen 32
D 20095 Hamburg
Private limited
company
29.06.2004 - 01.08.2005 WWW.Shipments.De Wördemann GmbH
Porgesring 24
D 22113 Hamburg
Private limited
company
Subject is a specialist logistics company for forestry and recycling products in Germany
Payment experience: within periods customary in this trade
Negative information: We have no negative information at hand.
Balance sheet year: 2012
Type of ownership: Tenant
Address Rungedamm
37
D 21035 Hamburg
Land register documents were not
available.
Principal bank
HAMBURGER SPARKASSE, 20454 HAMBURG
Sort. code: 20050550
BIC: HASPDEHHXXX
Turnover: 2012 EUR 6,500,000.00
2013 EUR 6,500,000.00
Profit: 2012 EUR 3,196.00
further business figures:
Equipment:
*EUR 100,000.00
Ac/ts receivable: EUR 997,624.00
Liabilities: EUR 693,698.00
Employees:
10
The
business figures marked with an asterisk are estimates based on average values
in the line of business.
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 29.67
Liquidity ratio: 1.81
Return
on total capital [%]: 0.30
Balance sheet grade: 3.0
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 25.24
Liquidity ratio: 2.66
Return on total capital [%]: -0.55
Balance sheet grade: 3.1
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 16.38
Liquidity ratio: 1.65
Return on total capital [%]: 3.26
Balance sheet grade: 3.1
Balance
sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 15.31
Liquidity ratio: 1.64
Return on total capital [%]: 3.19
Balance sheet grade: 2.9
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: 01.01.2012 - 31.12.2012
ASSETS EUR 1,083,323.85
Fixed assets
EUR 6,055.51
Intangible assets
EUR 1,810.00
Tangible assets
EUR 4,245.51
Current assets
EUR 1,077,268.34
Accounts receivable
EUR 997,623.93
Liquid means
EUR 79,644.41
LIABILITIES EUR 1,083,323.85
Shareholders' equity
EUR 260,558.09
Capital
EUR 50,000.00
Subscribed capital (share capital)
EUR 50,000.00
Balance sheet profit/loss (+/-)
EUR 210,558.09
Profit / loss brought forward
EUR 207,362.06
Annual surplus / annual deficit
EUR 3,196.03
Provisions
EUR 129,067.37
Liabilities EUR 693,698.39
Other liabilities
EUR 693,698.39
Trade creditors (for IAS incl. bills
of exchange)
EUR 611,939.13
Unspecified other liabilities
EUR 81,759.26
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 1,268,361.32
Fixed assets
EUR 16,202.51
Intangible assets
EUR 3,704.00
Other / unspecified intangible assetsEUR 3,704.00
Tangible assets
EUR 12,498.51
Other / unspecified tangible assets
EUR 12,498.51
Current assets
EUR 1,252,158.81
Accounts receivable
EUR 1,120,399.49
Other debtors and assets
EUR 1,120,399.49
Liquid means EUR 131,759.32
LIABILITIES EUR 1,268,361.32
Shareholders' equity
EUR 257,362.06
Capital
EUR 50,000.00
Subscribed capital (share capital)
EUR 50,000.00
Balance sheet profit/loss (+/-)
EUR 207,362.06
Profit / loss brought forward
EUR 214,269.93
Annual surplus / annual deficit
EUR -6,907.87
Provisions EUR 393,350.69
Liabilities
EUR 617,648.57
Financial debts
EUR 26,123.95
Liabilities due to banks
EUR 26,123.95
Other liabilities
EUR 591,524.62
Trade creditors (for IAS incl. bills
of exchange)
EUR 511,740.76
Unspecified other liabilities
EUR 79,783.86
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.14 |
|
UK Pound |
1 |
Rs.95.78 |
|
Euro |
1 |
Rs.71.05 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.