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Report No. : |
304438 |
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Report Date : |
30.01.2015 |
IDENTIFICATION DETAILS
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Name : |
MÜNZ SCHUHFABRIK GMBH |
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Registered Office : |
Cecilienallee 42 D 40474 Düsseldorf |
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Country : |
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Com Reg. No.: |
HRB 67701 |
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Date of Incorporation : |
05.03.2012 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
· Manufacture of other wearing apparel and accessories · Manufacture of footwear ·
Wholesale of
leather goods, luggage, giftware and advertising articles · Wholesale of clothing and footwear |
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No. of Employee : |
3 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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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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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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.
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Source
: CIA |
MÜNZ
SCHUHFABRIK GMBH
Company Status: active
Cecilienallee 42
D 40474 Düsseldorf
Telephone:0211/98923410
Telefax: 0211/98923411
Homepage: www.thomasmuenz.de
E-mail: info@thomasmuenz.de
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 05.03.2012
Shareholders'
agreement: 05.03.2012
Registered on: 10.04.2012
Commercial Register: Local court 40227 Düsseldorf
under: HRB
67701
EUR 25,000.00
Shareholder:
Oleh Medvedjev
RUS Moskau
born: 24.05.1967
Share: EUR 24,750.00
Shareholder:
Kirill Ceczinov
D 40210 Düsseldorf
born: 14.04.1982
Share: EUR 250.00
Manager:
Oleh Medvedjev
RUS Moskau
having sole power of
representation
born: 24.05.1967
Nationality: Russian
Proxy:
Dora Medvedeva
D 40474 Düsseldorf
having sole power of
representation
born: 04.07.1948
COMPANY HISTORY
10.04.2012 - 07.05.2012 Münz Schuhfabrik GmbH
Pestalozzistr. 7
D 40549 Düsseldorf
Private limited
company
19.04.2012 - 08.06.2012 Manager
Eden Gelman
D 40549 Düsseldorf
Main industrial sector
1419
Manufacture of other wearing apparel and accessories
n.e.c.
1520
Manufacture of footwear
4642
Wholesale of clothing and footwear
46493
Wholesale of leather goods, luggage, giftware and
advertising articles
Payment experience: within agreed terms
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 Cecilienallee 42
D 40474 Düsseldorf
Land register documents were not available.
A bank connection is unknown.
Liabilities: EUR 9,187.00
Employees:
3
Balance sheet ratios 05.03.2012 -
31.12.2012(1)
Equity
ratio [%]: 50.14
Liquidity ratio: 2.37
Return on total capital [%]: -195.77
(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: 05.03.2012 - 31.12.2012 (2)
ASSETS EUR 21,965.29
Fixed assets EUR 2,718.00
Current assets
EUR 19,247.29
LIABILITIES EUR 21,965.29
Shareholders' equity
EUR 9,937.90
Provisions EUR 2,840.00
Liabilities
EUR 9,187.39
(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.61.50 |
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|
1 |
Rs.93.12 |
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Euro |
1 |
Rs.69.33 |
INFORMATION DETAILS
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Analysis Done by
: |
SUB |
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Report Prepared by
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ANK |
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.