|
Report No. : |
302458 |
|
Report Date : |
08.01.2015 |
IDENTIFICATION DETAILS
|
Correct Name : |
JCC LEDERMODEN
VERTRIEBS-GMBH |
|
|
|
|
Registered Office : |
Sirnauer Str. 52, D 73779 Deizisau |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Year of Establishments : |
1984 |
|
|
|
|
Com. Reg. No.: |
HRB 212322 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Engaged in Design, production and sales of
Leather Fashion clothes for Women's,
Men's and Children's |
|
|
|
|
No of Employees : |
30 |
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 |
|
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 – 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 |
JCC Ledermoden Vertriebs-GmbH
Sirnauer Str. 52
D 73779 Deizisau
Telephone: 07153/83290
Telefax:
07153/832910
Homepage: www.jcc.de
E-mail:
info@jcc.de
active
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1984
Shareholders'
agreement: 09.11.1989
Registered on: 20.02.1990
Commercial Register: Local court 70190 Stuttgart
under: HRB
212322
Share capital: EUR 51,130.00
Horst Christel
Im Sonnenwinkel 24
D 73733 Esslingen
born: 08.04.1959
Share: EUR 25,565.00
Shareholder:
Walter Christel
Im Köpfen 27
D 73732 Esslingen
born: 08.04.1959
Share: EUR 25,565.00
Horst Christel
Im Sonnenwinkel 24
D 73733 Esslingen
having sole power of representation
born: 08.04.1959
Profession: Businessman
Marital status: married
Manager:
Walter Christel
Im Köpfen 27
D 73732 Esslingen
having sole power of
representation
born: 08.04.1959
Profession: Businessman
Marital status: married
Stefan Geiger
D 73269 Hochdorf
having sole power of representation
born: 22.07.1968
Further functions/participations
of Horst Christel (Manager)
General partner:
Horst Christel, Walter
Christel
Sirnauer Str. 52
D 73779 Deizisau
Legal form: Partnership
under the Civil Code
General partner:
Walter Christel, Horst
Christel
Sirnauer Str. 52
D 73779 Deizisau
Post Box:
11 08, D 73777 Deizisau
Legal form: Partnership under the
Civil Code
Limited partner:
Christel Neckartaler
Fleischwaren GmbH & Co.
KG
Waldstr. 42
D 73773 Aichwald
Legal form: Ltd partnership with priv. ltd.
company as
general partner
Total cap. EUR 270,000.00
contribution:
Share: EUR 30,000.00
Registered
on: 12.03.1985
Reg. data: 70190 Stuttgart, HRA 211698
Limited partner:
black-i GmbH & Co. KG
Sirnauer Str. 52
D 73779 Deizisau
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 2,000.00
contribution:
Share: EUR 667.00
Registered
on: 03.08.2010
Reg. data: 70190 Stuttgart, HRA 725402
Shareholder:
"La
bella" Handelsagentur und Vertrieb von
Nonfood u. Foodartikeln
GmbH
Sirnauer Str. 52
D 73779 Deizisau
Legal form: Private
limited company
Share capital: EUR 25,566.00
Share: EUR 12,783.00
Registered
on: 20.04.1993
Reg. data: 70190 Stuttgart, HRB 212756
Shareholder:
black-i
Verwaltungsgesellschaft mbH
Sirnauer Str. 52
D 73779 Deizisau
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 8,333.00
Registered
on: 02.08.2010
Reg. data: 70190 Stuttgart, HRB 734506
Manager:
"La bella"
Handelsagentur und Vertrieb von
Nonfood u. Foodartikeln
GmbH
Sirnauer Str. 52
D 73779 Deizisau
Legal form: Private
limited company
Share capital: EUR 25,566.00
Registered
on: 20.04.1993
Reg. data: 70190 Stuttgart, HRB 212756
Manager:
black-i
Verwaltungsgesellschaft mbH
Sirnauer Str. 52
D 73779 Deizisau
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 02.08.2010
Reg. data: 70190 Stuttgart, HRB 734506
Further
functions/participations of Walter Christel (Manager)
General partner:
Horst Christel, Walter
Christel
Sirnauer Str. 52
D 73779 Deizisau
Legal form: Partnership
under the Civil Code
General partner:
Walter Christel, Horst
Christel
Sirnauer Str. 52
D 73779 Deizisau
Post Box:
11 08, D 73777 Deizisau
Legal form: Partnership
under the Civil Code
Limited partner:
Christel Neckartaler
Fleischwaren GmbH & Co.
KG
Waldstr. 42
D 73773 Aichwald
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR
270,000.00
contribution:
Share: EUR 30,000.00
Registered
on: 12.03.1985
Reg. data: 70190 Stuttgart, HRA 211698
Limited partner:
black-i GmbH & Co. KG
Sirnauer Str. 52
D 73779 Deizisau
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 2,000.00
contribution:
Share: EUR 667.00
Registered
on: 03.08.2010
Reg. data: 70190 Stuttgart, HRA 725402
Shareholder:
"La bella"
Handelsagentur und Vertrieb von
Nonfood u. Foodartikeln
GmbH
Sirnauer Str. 52
D 73779 Deizisau
Legal form: Private
limited company
Share capital: EUR 25,566.00
Share: EUR 12,783.00
Registered
on: 20.04.1993
Reg. data: 70190 Stuttgart, HRB 212756
Shareholder:
black-i
Verwaltungsgesellschaft mbH
Sirnauer Str. 52
D 73779 Deizisau
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 8,333.00
Registered
on: 02.08.2010
Reg. data: 70190 Stuttgart, HRB 734506
Manager:
"La bella"
Handelsagentur und Vertrieb von
Nonfood u. Foodartikeln
GmbH
Sirnauer Str. 52
D 73779 Deizisau
Legal form: Private
limited company
Share capital: EUR 25,566.00
Registered
on: 20.04.1993
Reg. data: 70190 Stuttgart, HRB 212756
Manager:
black-i
Verwaltungsgesellschaft mbH
Sirnauer Str. 52
D 73779 Deizisau
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 02.08.2010
Reg. data: 70190 Stuttgart, HRB 734506
01.01.1984 - 09.11.1989 " Walter Christel "
Zollbergstr. 62-64
D 73734 Esslingen
Unregistered
commercial enterprise
Main industrial sector
Engaged in Design, production and sales of
Leather Fashion clothes for Women's,
Men's and Children's
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 Sirnauer
Str. 52
D 73779 Deizisau
Land register documents were not
available.
KREISSPARKASSE ESSLINGEN-NÜRTINGEN, 73702
ESSLINGEN AM NECKAR
Sort. code: 61150020
BIC: ESSLDE66XXX
VOLKSBANK ESSLINGEN, 73704 ESSLINGEN AM
NECKAR
Sort. code: 61190110
BIC: GENODES1ESS
Profit: 2013 EUR 93,903.00
Ac/ts receivable: EUR 3,380,048.00
Liabilities:
EUR 6,186,603.00
Employees:
30
-
Trainees:
3
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 18.92
Liquidity ratio: 0.63
Return on total capital [%]: 1.39
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 24.42
Liquidity ratio: 0.58
Return on total capital [%]: 1.17
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 19.45
Liquidity ratio: 0.70
Return on total capital [%]: 1.47
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity
ratio [%]: 14.98
Liquidity ratio: 0.98
Return on total capital [%]: 3.24
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 6,743,991.72
Fixed assets
EUR 281,408.00
Intangible assets
EUR 9,887.00
Tangible assets
EUR 271,521.00
Current assets
EUR 6,455,616.88
Stocks
EUR 3,048,936.76
Accounts receivable
EUR 3,380,048.43
Liquid means
EUR 26,631.69
Remaining other assets
EUR 6,966.84
Accruals (assets) EUR 6,966.84
LIABILITIES EUR 6,743,991.72
Shareholders' equity
EUR 523,161.83
Capital
EUR 51,130.00
Subscribed capital (share capital)
EUR 51,130.00
Balance sheet profit/loss (+/-)
EUR 472,031.83
Profit / loss brought forward
EUR 378,128.80
Annual surplus / annual deficit
EUR 93,903.03
Provisions
EUR 34,227.02
Liabilities
EUR 6,186,602.87
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 4,781,463.01
Fixed assets
EUR 336,349.00
Intangible assets
EUR 10,665.00
Tangible assets
EUR 325,684.00
Current
assets EUR 4,442,114.21
Stocks
EUR 2,335,334.00
Accounts receivable
EUR 2,071,828.62
Liquid means
EUR 34,951.59
Remaining other assets
EUR 2,999.80
Accruals (assets)
EUR 2,999.80
LIABILITIES EUR 4,781,463.01
Shareholders' equity
EUR 429,258.80
Capital
EUR 51,130.00
Subscribed capital (share capital)
EUR 51,130.00
Balance sheet profit/loss (+/-)
EUR 378,128.80
Profit / loss brought forward
EUR 322,171.38
Annual surplus / annual deficit
EUR 55,957.42
Provisions
EUR 21,700.00
Liabilities
EUR 4,330,504.21
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.45 |
|
UK Pound |
1 |
Rs.95.99 |
|
Euro |
1 |
Rs.75.28 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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.