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Report Date : |
03.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
LEDERART GMBH |
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|
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Registered Office : |
Kölner Str. 341, D 45481 Mülheim |
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|
|
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Country : |
Germany |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
19.06.2001 |
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Com. Reg. No.: |
HRB 16042 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesaler of Leather Goods, Luggage, Giftware
and Advertising Articles [We tried to confirm / obtain the detailed activity but the same is not available from any sources.] |
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|
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No of Employees : |
05 |
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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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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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 |
LederArt GmbH
Kölner Str. 341
D 45481 Mülheim
Telephone: 0208/469318-0
Telefax:
0208/46931820
E-mail:
info@lederart.net
active
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 19.06.2001
Shareholders'
agreement: 19.06.2001
Registered on: 12.07.2001
Commercial Register: Local court 47051 Duisburg
under: HRB
16042
Share capital: EUR 25,000.00
Petra Pampus-Martin
Graf-Wirich-Str. 23
D 45479 Mülheim
born: 26.07.1956
née: Pampus
Share: EUR 12,500.00
Shareholder:
Klaus Erwin Eugen Martin
Graf-Wirich-Str. 23
D 45479 Mülheim
born: 21.04.1953
Share: EUR 12,500.00
Petra Pampus-Martin
Graf-Wirich-Str. 23
D 45479 Mülheim
having sole power of representation
born: 26.07.1956
née: Pampus
Profession: Businessman
Marital status: married
to:
Klaus Erwin Eugen Martin
born 21.04.1953
Manager:
Klaus Erwin Eugen Martin
Graf-Wirich-Str. 23
D 45479 Mülheim
having sole power of
representation
born: 21.04.1953
Profession:
Businessman
Marital status: married
to: Petra Pampus-Martin
born Pampus
born
26.07.1956
Further functions/participations
of Petra Pampus-Martin (Manager)
Shareholder:
Outdoor Bags GmbH
Kassenberg 56
D 45479 Mülheim
Legal form: Private
limited company
dissolved
Share capital: EUR 25,564.60
Share: EUR 12,782.30
Registered
on: 12.08.1994
Reg. data: 47051 Duisburg, HRB 15205
12.07.2001 - 20.02.2010 Neil Pryde Luggage GmbH
Kassenberg 56
D 45479 Mülheim
Private limited
company
21.02.2010 - 25.03.2010 LederArt GmbH
Kassenberg 56
D 45479 Mülheim
Private limited
company
25.03.2010 - 04.02.2013 LederArt GmbH
Graf-Wirich-Str. 23
D 45479 Mülheim
Private limited
company
Main
industrial sector
46493
Wholesale of leather goods, luggage, giftware and advertising articles
Payment experience: within 30 days
Negative information: We have no negative information at hand.
Balance sheet year: 2012
The depth
of balance sheet suggests that the company, as a so-called micro-entity in
accordance with art. 267a German Commercial Code, has availed itself of the
facilitations of the German Micro-Entities Amending Account Law (MicBilG) This
is why it is possible that the resultant reduction of the depth of presentation
in the annual accounts may entail deviating calculation methods of the respective
balance sheet ratios and thus to an altered Solvency Rating [NG] and/or balance
sheet grade.
Type of ownership: Tenant
Address Kölner
Str. 341
D 45481 Mülheim
Land register documents were not available.
SPARKASSE MÜLHEIM AN DER RUHR, 45466
MÜLHEIM AN DER RUHR
Sort. code: 36250000
BIC: SPMHDE3EXXX
Turnover: 2012 *EUR 900,000.00
2013 *EUR 900,000.00
further business figures:
Equipment: *EUR 35,000.00
Ac/ts receivable: *EUR 65,000.00
Liabilities: EUR 137,310.00
Employees:
5
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(1)
Equity ratio [%]: 71.67
Liquidity ratio: 4.68
Return on total capital [%]: 15.94
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 36.96
Liquidity ratio: 1.02
Return on total capital [%]: 17.78
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 48.08
Liquidity ratio: 4.78
Return on total capital [%]: 13.31
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 95.38
Liquidity ratio: 10.00
Return on total capital [%]: -2.63
(1)
The depth of balance sheet suggests that the company, as a
so-called micro-entity in accordance with art.
267a German
Commercial Code, has availed itself of the
facilitations of the
German Micro-Entities Amending Account Law
(MicBilG) This is why
it
is possible that the resultant reduction of the depth of
presentation in the annual accounts may entail
deviating
calculation methods of the respective balance
sheet ratios and
thus to an altered Solvency Rating [NG] and/or
balance sheet
grade.
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: micro balance sheet
Financial year: 01.01.2012 - 31.12.2012 (2)
ASSETS EUR 342,881.17
Fixed assets
EUR 26,115.00
Current
assets EUR 314,846.17
Remaining other assets
EUR 1,920.00
Accruals (assets)
EUR 1,920.00
LIABILITIES EUR 342,881.17
Shareholders' equity
EUR 175,738.37
Provisions
EUR 29,832.84
Liabilities
EUR 137,309.96
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 324,235.81
Fixed assets
EUR 32,889.00
Intangible assets
EUR 3,882.00
Other / unspecified intangible assetsEUR 3,882.00
Tangible assets
EUR 29,007.00
Other / unspecified tangible assets
EUR 29,007.00
Current assets
EUR 291,226.81
Stocks
EUR 118,272.03
Accounts receivable
EUR 113,588.53
Other debtors and assets
EUR 113,588.53
Liquid means EUR 59,366.25
Remaining other assets
EUR 120.00
Accruals (assets)
EUR 120.00
LIABILITIES EUR 324,235.81
Shareholders' equity
EUR 121,072.35
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR 96,072.35
Profit / loss brought forward
EUR 38,777.68
Annual surplus / annual deficit
EUR 57,294.67
Provisions
EUR 31,946.57
Liabilities
EUR 171,216.89
Other liabilities
EUR 171,216.89
Unspecified other liabilities
EUR 171,216.89
(2)
The abbreviated depth of presentation of the annual accounts
may
be atributed to application of regulations within the German
Micro-Entities Amending Accounting Law.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.29 |
|
UK Pound |
1 |
Rs.98.39 |
|
Euro |
1 |
Rs.76.31 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
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.