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Report No. : |
302417 |
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Report Date : |
09.01.2015 |
IDENTIFICATION DETAILS
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Name : |
JETI GMBH |
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Registered Office : |
Koblenzer Str. 89 D 55430 Oberwesel |
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Country : |
Germany |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
22.07.2011 |
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Com. Reg. No.: |
HRB 22720 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
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No. of Employee : |
4 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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 |
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Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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.
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Source
: CIA |
JETI GMBH
Company Status: active
Koblenzer Str. 89
D 55430 Oberwesel
Telephone:06744/9498025
Telefax:
06744/9499034
Homepage: www.jeticleaner.com
E-mail:
sales@jeticleaner.com
VAT no.: DE278173438
Business relations are permissible.
LEGAL FORM
Private limited company
Date of foundation: 22.07.2011
Shareholders'
agreement: 22.07.2011
Registered on: 03.09.2011
Commercial Register: Local court 56068 Koblenz
under: HRB
22720
EUR
25,000.00
Shareholder:
Thorsten Gebauer
Koblenzer Str. 89
D 55430 Oberwesel
born: 27.07.1972
Share: EUR 25,000.00
Manager:
Thorsten Gebauer
Koblenzer Str. 89
D 55430 Oberwesel
having sole power of
representation
born: 27.07.1972
Profession: Businessman
Marital status: single
Further functions/participations of Thorsten
Gebauer (Manager)
Limited partner:
Gebauer Hygiene und
Reinraum GmbH & Co. KG
Wilhelm-Theodor-Römheld-Str.
14
D 55130 Mainz
Legal form: Ltd
partnership with priv. ltd.
company as
general partner in
liquidation
Total cap. EUR 51,129.19
contribution:
Share: EUR 51,129.19
Registered
on: 11.08.2006
Reg. data:
55116 Mainz, HRA 40208
Shareholder:
Gebauer Hygiene und
Reinraum
Verwaltungs-GmbH
Leinenweberstr. 34
D 70567 Stuttgart
Legal form: Private
limited company
insolvent
Share capital: EUR 25,564.59
Share: EUR 25,564.59
Registered
on: 25.11.1997
Reg. data: 70190 Stuttgart, HRB 18834
Liquidator:
Gebauer Hygiene und
Reinraum
Verwaltungs-GmbH
Leinenweberstr. 34
D 70567 Stuttgart
Legal form: Private
limited company
insolvent
Share capital: EUR 25,564.59
Registered
on: 25.11.1997
Reg. data: 70190 Stuttgart, HRB 18834
Main industrial sector
33120
Repair of machinery
Secondary industrial sector
46693
Wholesale of other equipment and accessories for
machinery
and technical supplies
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 Koblenzer
Str. 89
D 55430 Oberwesel
Land register documents were not available.
Principal bank
KREISSPARKASSE RHEIN-HUNSRÜCK, 55430
OBERWESEL, RHEIN
Sort. code: 56051790
BIC:
MALADE51SIM
FINANCIAL FIGURES
Turnover: 2013 EUR 350,000.00
2014 EUR 300,000.00
further business figures:
Equipment: *EUR 48,000.00
Ac/ts receivable: EUR 66.00
Liabilities: EUR 60,848.00
Employees:
4
The business figures marked with an asterisk
are estimates based on average values in the line of business.
BALANCE SHEETS
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 2.26
Return on total capital [%]: -22.80
Balance
sheet ratios 01.08.2011 - 31.12.2011
Equity ratio [%]: 72.32
Liquidity ratio: 3.22
Return on total capital [%]: -44.77
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.
Type of balance sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 63,082.44
Fixed assets
EUR 34,846.00
Tangible assets
EUR 34,846.00
Current assets
EUR 27,216.96
Stocks
EUR 27,151.00
Accounts receivable
EUR 65.96
Remaining other assets
EUR 1,019.48
Accruals (assets)
EUR 1,019.48
LIABILITIES EUR 63,082.44
Shareholders' equity
EUR 234.27
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR -24,765.73
Profit / loss brought forward
EUR -10,383.80
Annual surplus / annual deficit
EUR -14,381.93
Provisions
EUR 2,000.00
Liabilities
EUR 60,848.17
thereof total due to shareholders
EUR 1,193.12
Type of balance
sheet: Company balance sheet
Financial year: 01.08.2011 - 31.12.2011
ASSETS EUR 23,195.23
Fixed assets
EUR 1,595.00
Tangible assets
EUR 1,595.00
Other / unspecified tangible assets
EUR 1,595.00
Current assets
EUR 21,600.23
Stocks
EUR 5,745.00
Other / unspecified stocks
EUR 5,745.00
Accounts receivable
EUR 15,855.23
Other debtors and assets
EUR 15,855.23
LIABILITIES EUR 23,195.23
Shareholders' equity
EUR 14,616.20
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR -10,383.80
Annual surplus / annual deficit
EUR -10,383.80
Provisions
EUR 1,500.00
Other / unspecified provisions
EUR 1,500.00
Liabilities
EUR 7,079.03
Other liabilities
EUR 7,079.03
Unspecified other liabilities
EUR 7,079.03
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.97 |
|
|
1 |
Rs.94.97 |
|
Euro |
1 |
Rs.74.43 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared by
: |
ANK |
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 |
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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.