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Report No. : |
303616 |
|
Report Date : |
17.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
1-2-3.TV GMBH |
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Registered Office : |
Bavariafilmplatz 7 D 82031 Grünwald |
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|
|
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Country : |
Germany |
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Financials (as on) : |
01.01.2012 |
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Date of Incorporation : |
24.03.2004 |
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|
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Com. Reg. No.: |
HRB 151802 |
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|
|
|
Legal Form : |
Private Limited Company |
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|
|
Line of Business : |
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|
No. of Employee : |
86 |
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 |
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|
|
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Payment Behaviour : |
Slow but correct |
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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 |
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Moderate |
B1 |
|
High |
B2 |
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Very High |
C1 |
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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.
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Source
: CIA |
1-2-3.TV GMBH
Company Status: active
Bavariafilmplatz 7
D 82031 Grünwald
Telephone:089/5527170
Telefax: 089/5527170
Homepage: www.1-2-3.tv
E-mail: info@1-2-3.tv
VAT no.: DE814051691
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 10.03.2004
Shareholders'
agreement: 10.03.2004
Registered on: 24.03.2004
Commercial Register: Local court 80333 München
under: HRB 151802
EUR 182,150.00
Shareholder:
Cipio Partners Fund VIa GmbH &
Co. KG
Ottostr. 8
D 80333 München
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR 1,000.00
contribution:
Share: EUR 57,815.00
Registered on: 08.04.2009
Reg. data: 80333 München,
HRA 93760
Shareholder:
Technology DZ Venture
Capital Fund l GmbH &
Co KG
Kardinal-Faulhaber-Str.
10
D 80333 München
Legal form: Ltd
partnership with priv. ltd.
company as general
partner in liquidation
Total cap. EUR 84,466.00
contribution:
Share: EUR 38,133.00
Registered on: 05.01.2000
Reg. data: 80333 München,
HRA 75521
Shareholder:
Wellington Partners
Ventures II GmbH & Co.
KG (A)
Pacellistr. 14
D 80333 München
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR 92,750.00
contribution:
Share: EUR 37,050.00
Registered on: 09.12.1999
Reg. data: 80333 München,
HRA 75336
Shareholder:
iris Capital Fund II FCPR
62 Rue Pierre CHARRON
F 75008 Paris
Legal form: Other legal
form
Share: EUR 25,410.00
Shareholder:
Henning Schnepper
Paradiesstr. 4
D 80538 München
born: 10.08.1961
Share: EUR 10,750.00
Shareholder:
Oliver Grieble, Henning
Schnepper, Karen von
Appen, Dr. Büchelhofer
Holding GmbH, Norbert
Matthäus, Peter Kuhl
Medienallee 24
D 85774 Unterföhring
Legal form: Partnership
under the Civil Code
Share: EUR 5,415.00
Shareholder:
Target Partners Fund I
GmbH & Co. KG
Kardinal-Faulhaber-Str.
10
D 80333 München
Legal form: Ltd
partnership with priv. ltd.
company as
general partner in liquidation
Total cap. EUR 10,534.00
contribution:
Share: EUR 4,271.00
Registered on: 07.01.2000
Reg. data: 80333 München,
HRA 75525
Shareholder:
Target Partners Executive
Fund I GmbH & Co.
KG
Kardinal-Faulhaber-Str.
10
D 80333 München
Legal form: Ltd
partnership with priv. ltd.
company as general
partner in liquidation
Total cap. EUR 7,151.00
contribution:
Share: EUR 2,806.00
Registered on: 14.01.2000
Reg. data: 80333 München,
HRA 75597
Shareholder:
Cuneo AG
Rosenheimer Str. 145d
D 81671 München
Legal form: Public
limited company
Share capital: EUR 250,000.00
Share: EUR 500.00
Registered on: 26.07.2000
Reg. data: 80333 München,
HRB 132321
Manager:
Iris Claudia Ostermaier
Johann-Karg-Str. 73
D 85540 Haar
having sole power of representation
born: 13.12.1966
Further functions/participations of Iris
Claudia Ostermaier
(Manager)
Manager:
1-2-play GmbH
Bavariafilmplatz 7
D 82031 Grünwald
Legal form:
Private limited company
Share capital: EUR 100,000.00
Registered
on: 27.06.2006
Reg. data: 80333 München, HRB 162852
10.03.2004 - 24.03.2004 Blitz 04-066 GmbH
Bavariaring 29
D 80336 München
Private limited
company
24.03.2004 - 19.11.2008 1-2-3.TV GmbH
Wagmüllerstr. 18
D 80538 München
Private limited
company
19.11.2008 - 09.09.2014 1-2-3.TV GmbH
Medienallee 24
D 85774 Unterföhring
Private limited
company
Main industrial sector
47919
Other retail sale via mail-order houses or Internet
5911
Motion picture, video and television program production activities
Branch:
1-2-3.TV GmbH
Marienberger Str. 123
D 38122 Braunschweig
TEL.: 0180/5001020
Shareholder:
1-2-play GmbH
Bavariafilmplatz 7
D 82031 Grünwald
Legal form: Private
limited company
Company Status: active
Share capital: EUR 100,000.00
Share: EUR 100,000.00
Reg. data: 27.06.2006
Local court
80333 München
HRB 162852
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2012
Type of ownership: Tenant
Address Bavariafilmplatz 7
D 82031 Grünwald
Land register documents were not available.
UNICREDIT BANK - HYPOVEREINSBANK, 80311
MÜNCHEN
Sort. code: 70020270, Account no.: 10177900
BIC: HYVEDEMMXXX, IBAN: DE52700202700010177900
FINANCIAL FIGURES
Turnover: 2014 *EUR 11,825,000.00
Equipment: EUR 240,886.00
Ac/ts receivable: EUR 7,961,658.00
Liabilities: EUR 10,973,342.00
Employees: 86
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 [%]: 31.70
Liquidity ratio: 1.45
Return on total capital [%]: 5.86
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 24.58
Liquidity ratio: 1.12
Return on total capital [%]: 3.34
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 21.93
Liquidity ratio: 1.05
Return on total capital [%]: -8.01
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 28.32
Liquidity ratio: 1.34
Return on total capital [%]: 10.60
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 20,142,426.50
Fixed assets
EUR 946,575.31
Intangible assets
EUR 705,688.90
Concessions, licences, rights
EUR 705,688.90
Tangible assets
EUR 240,886.41
Other tangible assets / fixtures and
fittings
EUR 240,886.41
Current assets
EUR 19,056,359.76
Stocks
EUR 6,286,376.84
Finished goods / work in progress
EUR 6,286,376.84
Accounts receivable
EUR 7,961,657.56
Trade debtors
EUR 7,377,056.88
Other debtors and assets
EUR 584,600.68
Liquid means
EUR 4,808,325.36
Remaining other assets
EUR 139,491.43
Accruals (assets)
EUR 139,491.43
LIABILITIES EUR 20,142,426.50
Shareholders' equity
EUR 5,707,926.40
Capital EUR 182,150.00
Subscribed capital (share capital)
EUR 182,150.00
Reserves
EUR 52,209,261.79
Capital reserves
EUR 52,209,261.79
Balance sheet profit/loss (+/-)
EUR -46,683,485.39
Profit / loss brought forward
EUR -47,864,753.99
Annual surplus / annual deficit
EUR 1,181,268.60
Provisions
EUR 3,251,074.10
Provisions for taxes EUR 29,299.99
Other / unspecified provisions
EUR 3,221,774.11
Liabilities
EUR 10,973,341.97
Financial debts
EUR 1,164,373.73
Loans / obligations / debentures
EUR 1,164,373.73
Other liabilities
EUR 9,808,968.24
Trade creditors (for IAS incl. bills
of exchange)
EUR 7,959,385.07
Liabilities due to shareholders EUR 677,533.33
Unspecified other liabilities
EUR 1,172,049.84
thereof liabilities from tax /
financial authorities
EUR 457,834.28
thereof liabilities from social
security
EUR 7,754.67
Other liabilities
EUR 210,084.03
Deferrals (liabilities)
EUR 210,084.03
PROFIT AND LOSS ACCOUNT (cost of sales method)
according to Comm.
Code (HGB)
Sales
EUR 94,302,488.08
Manufacturing costs
EUR 69,923,461.95
Gross result on sales
EUR 24,379,026.13
Other operating income
EUR 416,497.30
Other operating expenses
EUR 23,371,438.32
Operating result from continuing
operations
EUR 1,424,085.11
Interest result (+/-) EUR -214,644.13
Interest and similar income
EUR 7,208.39
Interest and similar expenses
EUR 221,852.52
Financial result (+/-)
EUR -214,644.13
Result
from ordinary operations (+/-) EUR 1,209,440.98
Income tax / refund of income tax (+/-)EUR -28,172.38
Tax (+/-)
EUR -28,172.38
Annual surplus / annual deficit
EUR 1,181,268.60
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 21,009,655.17
Fixed assets
EUR 1,058,579.69
Intangible assets EUR 840,671.31
Concessions, licences, rights
EUR 840,671.31
Tangible assets
EUR 217,908.38
Other tangible assets / fixtures and
fittings EUR 217,908.38
Current assets
EUR 19,731,456.52
Stocks
EUR 6,482,581.28
Finished goods / work in progress
EUR 6,482,581.28
Accounts
receivable EUR 7,383,965.61
Trade debtors
EUR 6,868,335.88
Other debtors and assets
EUR 515,629.73
Liquid means
EUR 5,864,909.63
Remaining other assets
EUR 219,618.96
Accruals (assets)
EUR 219,618.96
LIABILITIES EUR 21,009,655.17
Shareholders' equity
EUR 4,526,657.80
Capital
EUR 182,150.00
Subscribed capital (share capital)
EUR 182,150.00
Reserves
EUR 52,209,261.79
Capital reserves EUR 52,209,261.79
Balance sheet profit/loss (+/-)
EUR -47,864,753.99
Profit / loss brought forward
EUR -48,566,217.66
Annual surplus / annual deficit
EUR 701,463.67
Provisions EUR 3,375,206.37
Provisions for taxes
EUR 4,818.73
Other / unspecified provisions
EUR 3,370,387.64
Liabilities
EUR 13,107,791.00
Financial debts
EUR 1,932,626.97
Loans / obligations / debentures
EUR 1,932,626.97
Other liabilities
EUR 11,175,164.03
Trade creditors (for IAS incl. bills
of exchange) EUR 9,438,331.53
Liabilities due to shareholders
EUR 636,866.66
Unspecified other liabilities
EUR 1,099,965.84
thereof liabilities from tax /
financial authorities
EUR 381,875.18
thereof liabilities from social
security
EUR 2,706.04
PROFIT AND LOSS ACCOUNT (cost of sales method)
according to Comm.
Code (HGB)
Sales
EUR 96,556,865.95
Manufacturing costs
EUR 70,047,559.92
Gross result on sales
EUR 26,509,306.03
Distribution costs
EUR 23,443,561.54
General administration expenses EUR 2,743,632.49
Other operating income
EUR 569,445.74
Operating result from continuing
operations
EUR 891,557.74
Interest result (+/-)
EUR -226,818.32
Interest and similar income
EUR 14,063.52
Interest and similar expenses
EUR 240,881.84
Financial result (+/-)
EUR -226,818.32
Result from ordinary operations (+/-)
EUR 664,739.42
Income tax / refund of income tax (+/-)EUR 36,724.25
Tax (+/-)
EUR 36,724.25
Annual surplus / annual deficit
EUR 701,463.67
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.89 |
|
|
1 |
Rs.93.92 |
|
Euro |
1 |
Rs.72.01 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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 |
|
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.