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Report No. : |
304147 |
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Report Date : |
29.01.2015 |
IDENTIFICATION DETAILS
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Name : |
SUPERSTARS GMBH. DIAMOND EXPORT/IMPORT |
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Registered Office : |
Friedenstr. 78, D 75173 Pforzheim |
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Country : |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
25.09.1981 |
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Com. Reg. No.: |
HRB 501709 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesale of Clocks and Watches and
Jewelry. |
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No. of Employees : |
6 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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) |
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Germany |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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.
|
Source
: CIA |
SUPERSTARS GMBH.
DIAMOND EXPORT/IMPORT
Company Status: active
Friedenstr. 78
D
75173 Pforzheim
Telephone:07231/28094-24
Telefax: 07231/28094-10
E-mail: superstars_germany@gmx.de
Business relations are
permissible.
LEGAL FORM Private
limited company
Date of foundation: 25.09.1981
Registered on: 03.11.1981
Commercial Register: Local court 68159 Mannheim
under: HRB
501709
EUR 153,387.56
Kaushik R. Metha
Carl-Schurz-Str. 127
D
75180 Pforzheim
born:
09.06.1956
Share: EUR 153,387.56
Manager:
Kaushik R. Metha
Carl-Schurz-Str. 127
D
75180 Pforzheim
born:
09.06.1956
Marital status: married
03.11.1981 -
17.07.2000 Superstars GmbH Diamond
Export / Import
Carl-Schurz-Str. 127
D
75180 Pforzheim
Private limited company
Main industrial sector
46480 Wholesale of clocks and watches and jewelry
Payment experience: within agreed terms
Negative information:We
have no negative information at hand.
Balance sheet year: 2013
Type of ownership: Tenant
Address Friedenstr.
78
D 75173 Pforzheim
Land register documents
were not available.
SPARKASSE PFORZHEIM CALW,
75162 PFORZHEIM
Sort. code: 66650085
BIC: PZHSDE66XXX
Gross profit or loss:2013 EUR 763,815.00
Profit: 2013 EUR 155,196.00
Equipment: EUR 42,001.00
Ac/ts receivable: EUR 3,032,831.00
Liabilities: EUR 5,917,543.00
Total numbers of vehicles: 1
Employees:
6
-
thereof permanent staff: 3
-
Part-time employees: 3
Balance
sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 20.57
Liquidity ratio: 0.52
Return on total capital [%]: 2.06
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 23.57
Liquidity ratio: 0.74
Return on total capital [%]: 1.25
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 15.52
Liquidity ratio: 0.75
Return on total capital [%]: 4.18
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 17.28
Liquidity ratio: 0.63
Return on total capital [%]: 2.00
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 7,564,128.70
Fixed assets
EUR 42,001.00
Tangible assets
EUR 42,001.00
Other tangible assets / fixtures and
fittings
EUR 42,001.00
Current assets
EUR 7,521,665.70
Stocks
EUR 4,373,825.00
Accounts receivable
EUR 3,032,831.31
Other debtors and assets
EUR 3,032,831.31
Liquid means
EUR 115,009.39
Remaining other assets
EUR 462.00
Accruals (assets)
EUR 462.00
LIABILITIES
EUR 7,564,128.70
Shareholders' equity
EUR 1,588,990.73
Capital
EUR 153,387.56
Subscribed capital (share capital)
EUR 153,387.56
Balance
sheet profit/loss (+/-) EUR 1,435,603.17
Profit / loss brought forward
EUR 1,280,407.01
Annual surplus / annual deficit
EUR 155,196.16
Provisions
EUR 41,380.00
Liabilities
EUR 5,917,542.97
Financial debts
EUR 936,175.87
Liabilities due to banks
EUR 936,175.87
Other liabilities
EUR 4,981,367.10
Unspecified other liabilities
EUR 4,981,367.10
Other liabilities
EUR 16,215.00
Deferred taxes (not included under
provisions/liabilities)
EUR 16,215.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 763,815.29
Staff expenses
EUR 228,159.87
Wages and salaries
EUR 201,053.69
Social security contributions and
expenses for pension plans and
benefits
EUR 27,106.18
Total depreciation
EUR 9,785.31
Depreciation
on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 9,785.31
Other operating expenses
EUR 280,567.23
Operating result from continuing
operations
EUR 245,302.88
Interest result (+/-)
EUR -20,084.60
Interest and similar income
EUR 19,771.53
Interest and similar expenses
EUR 39,856.13
Financial result (+/-)
EUR -20,084.60
Result from ordinary operations (+/-)
EUR 225,218.28
Income tax / refund of income tax (+/-)EUR -68,947.12
Other taxes / refund of taxes
EUR -1,075.00
Tax
(+/-)
EUR -70,022.12
Annual surplus / annual deficit
EUR 155,196.16
Type
of balance sheet: Company
balance sheet
Financial year: 01.01.2012
- 31.12.2012
ASSETS EUR 6,046,399.70
Fixed assets
EUR 17,808.00
Tangible assets
EUR 17,808.00
Other tangible assets / fixtures and
fittings
EUR 17,808.00
Current assets
EUR 6,028,198.70
Stocks
EUR 2,628,089.00
Other / unspecified stocks
EUR 2,628,089.00
Accounts receivable
EUR 3,067,628.03
Other debtors and assets
EUR 3,067,628.03
Liquid means
EUR 332,481.67
Remaining other assets
EUR 393.00
Accruals (assets)
EUR 393.00
LIABILITIES EUR 6,046,399.70
Shareholders' equity
EUR 1,433,794.57
Capital
EUR 153,387.56
Subscribed capital (share capital)
EUR 153,387.56
Balance sheet profit/loss (+/-)
EUR 1,280,407.01
Profit / loss brought forward
EUR 1,205,029.66
Annual surplus / annual deficit
EUR 75,377.35
Provisions
EUR 123,881.89
Liabilities
EUR 4,474,933.24
Financial debts
EUR 920,677.49
Liabilities due to banks
EUR 920,677.49
Other liabilities
EUR 3,554,255.75
Unspecified other liabilities
EUR 3,554,255.75
Other liabilities
EUR 13,790.00
Deferred
taxes (not included under
provisions/liabilities)
EUR 13,790.00
Guarantees and other commitments
EUR 490,224.47
Other guarantees and other commitmentsEUR 490,224.47
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 1,020,735.64
Staff expenses
EUR 234,693.24
Wages and salaries
EUR 206,987.19
Social security contributions and
expenses for pension plans and
benefits
EUR 27,706.05
Total depreciation
EUR 6,263.00
Depreciation on tangible / intangible
asssets
(incl. start-up and exp. of
bus.
EUR 6,263.00
Other operating expenses
EUR 645,290.53
Operating result from continuing
operations
EUR 134,488.87
Interest result (+/-)
EUR -21,413.36
Interest and similar income
EUR 25,014.62
Interest and similar expenses
EUR 46,427.98
thereof paid to related companies
EUR 0.00
Financial result (+/-)
EUR -21,413.36
Result from ordinary operations (+/-)
EUR 113,075.51
Income tax / refund of income tax (+/-)EUR -36,692.16
Other taxes / refund of taxes
EUR -1,006.00
Tax
(+/-)
EUR -37,698.16
Annual surplus / annual deficit
EUR 75,377.35
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.41 |
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|
1 |
Rs.93.18 |
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Euro |
1 |
Rs.69.82 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
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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.