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Report No. : |
306174 |
|
Report Date : |
31.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
MEIROW + KLINK GMBH |
|
|
|
|
Registered Office : |
Lameystr. 74, D 75173 Pforzheim |
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|
|
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Country : |
Germany |
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|
|
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Financials (as on) : |
30.06.2013 |
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|
|
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Date of Incorporation : |
02.10.1975 |
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|
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Legal Form : |
Private Limited Company |
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|
|
|
Line of Business : |
·
Agents involved in the sale of other goods ·
Wholesale of clocks and watches and jewelry |
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|
|
|
No. of Employee : |
6 |
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 : |
Slow but correct |
|
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 |
MEIROW + KLINK GMBH
Company Status: active
Lameystr. 74
D 75173 Pforzheim
Telephone:07231/3197-0
Telefax: 07231/313430
Homepage: www.meirowklink.de
E-mail: info@meirowklink.de
VAT no.: DE144193070
LEGAL FORM Private
limited company
Date of foundation: 02.10.1975
Shareholders'
agreement: 02.10.1975
Registered on: 26.11.1975
Commercial Register: Local court 68159 Mannheim
under: HRB 500624
Share capital:
EUR 520,000.00
Shareholder:
Roland Klink
Lameystr. 74
D 75173
Pforzheim
Share: EUR 260,000.00
Shareholder:
Marc Igal
Meirow
D 75172
Pforzheim
Share: EUR 260,000.00
Manager:
Roland Klink
Lameystr. 74
D 75173
Pforzheim
Profession:
Businessman
Proxy:
Carmen
Schumacher
D 71634
Ludwigsburg
having sole
power of representation
born:
07.02.1969
née: Rieker
26.11.1975 - 25.08.2009 Diamanten
Meirow GmbH
D 75172
Pforzheim
Private
limited company
26.08.2009 - 2010 Meirow +
Klink GmbH
Westl.
Karl-Friedrich-Str. 92
D 75172
Pforzheim
Private
limited company
Sectors
4618 Agents involved in the sale
of other goods
46480 Wholesale of clocks and
watches and jewelry
Payment experience: within agreed
terms
Negative information: We have no negative information at hand.
Type of ownership: Tenant
Address Lameystr. 74
D 75173 Pforzheim
Land register documents were not available.
SPARKASSE PFORZHEIM CALW, 75162 PFORZHEIM
Sort. code: 66650085
BIC: PZHSDE66XXX
Turnover: 2013 EUR 1,050,000.00
Expected turnover:
EUR
1,100,000.00
Ac/ts receivable:
EUR 1,580,398.00
Liabilities:
EUR
3,870,883.00
Total numbers of vehicles: 2
Employees:
6
Balance sheet ratios 01.07.2012 - 30.06.2013
Equity ratio [%]:
17.46
Liquidity ratio:
0.42
Return on total capital [%]:
0.45
Balance sheet ratios 01.07.2011 - 30.06.2012
Equity ratio [%]:
19.32
Liquidity ratio:
0.60
Return on total capital [%]:
1.52
Balance sheet ratios 01.07.2010 - 30.06.2011
Equity ratio [%]:
19.29
Liquidity ratio:
0.64
Return on total capital [%]:
2.23
Balance sheet ratios 01.07.2009 - 30.06.2010
Equity ratio [%]:
13.02
Liquidity ratio:
0.44
Return on total capital [%]:
1.95
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: 01.07.2012 - 30.06.2013
ASSETS EUR 4,728,022.46
Fixed assets EUR 7,139.00
Tangible assets EUR 7,139.00
Current assets EUR 4,716,596.12
Stocks EUR 3,011,506.13
Accounts receivable EUR 1,580,397.70
Liquid means EUR 124,692.29
Remaining other assets EUR 4,287.34
Accruals (assets) EUR 4,287.34
LIABILITIES EUR 4,728,022.46
Shareholders' equity EUR 825,737.67
Capital EUR 520,000.00
Subscribed capital (share capital) EUR 520,000.00
Balance sheet profit/loss (+/-) EUR 305,737.67
Balance sheet profit / loss EUR 305,737.67
Provisions EUR 31,402.04
Liabilities EUR 3,870,882.75
Type
of balance
sheet: Company balance sheet
Financial
year: 01.07.2011 - 30.06.2012
ASSETS EUR 4,163,963.22
Fixed assets EUR 8,468.00
Tangible assets EUR 8,468.00
Other / unspecified tangible assets EUR 8,468.00
Current assets EUR 4,153,495.22
Stocks EUR 2,136,457.00
Accounts receivable EUR 1,944,542.07
Other debtors and assets EUR 1,944,542.07
Liquid means EUR 72,496.15
Remaining other assets EUR 2,000.00
Accruals (assets) EUR 2,000.00
LIABILITIES EUR 4,163,963.22
Shareholders' equity EUR 804,392.01
Capital EUR 520,000.00
Subscribed capital (share capital) EUR 520,000.00
Balance sheet profit/loss (+/-) EUR
284,392.01
Balance sheet profit / loss EUR 284,392.01
Provisions EUR 19,000.00
Liabilities EUR 3,340,571.21
Other liabilities EUR
3,340,571.21
Unspecified other liabilities EUR 3,340,571.21
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.75 |
|
|
1 |
Rs.93.13 |
|
Euro |
1 |
Rs.70.03 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TPT |
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.