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Report No. : |
333295 |
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Report Date : |
23.07.2015 |
IDENTIFICATION DETAILS
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Name : |
DIAMANTRA GMBH |
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|
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Registered Office : |
Hirschstr. 29, D 70173 Stuttgart |
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Country : |
Germany |
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Financials (as on) : |
31.03.2014 |
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Date of Incorporation : |
24.04.2006 |
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|
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Com. Reg. No.: |
HRB 721297 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacture of Jewelry and Related Articles
(Except Imitation Jewelry) |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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, 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 5.2% in 2014. The new German government introduced a
minimum wage of about $11.60 (8.50 euros) 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%. The budget was essentially in
balance in 2014. 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. The German economy suffers
from low levels of investment, and a government plan to invest 15 billion euros
2016-18, largely in infrastructure, is intended to spur needed private investment.
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
plans to replace nuclear power with renewable energy, which accounted for 27.8%
of gross electricity consumption in 2014, up from 9% in 2000. 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. Extremely low inflation, caused largely by low global energy prices
and a weak euro, are expected to boost German GDP growth in 2015.
|
Source
: CIA |
DIAMANTRA
GMBH
Company Status: active
Hirschstr. 29
D 70173 Stuttgart
Telephone:0711/6938242
Telefax: 0711/6938244
Homepage:
www.diamantra.com
E-mail: de@diamantra.com
DE250581421
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 24.04.2006
Shareholders'
agreement: 24.04.2006
Registered
on: 11.10.2006
Commercial Register: Local court 70190 Stuttgart
under: HRB
721297
EUR 25,000.00
Shareholder:
TREASURE INVESTMENTS
LIMITED
Khalid AI Attar Tower, Sheikh
Zayed Road
UAE P.O. Box 7 Dubai
Legal form: Other legal
form
Share: EUR 25,000.00
Manager:
Nirav Paresh Mehta
IND Mumbai
having sole power of
representation
born: 05.12.1978
Nationality: Indian
Manager:
Amit Khemani
IND Mumbai
born: 24.07.1973
Nationality: Indian
24.04.2006 - 21.06.2006 Diamantra GmbH
Südliche
Auffahrtsallee 29
D 80639 München
Private limited
company
11.10.2006 - 11.10.2006 Diamantra GmbH
D 70188 Stuttgart
Private limited
company
Sectors
32120
Manufacture of jewelry and related articles (except imitation jewelry)
96090
Other service activities n. e. c.
Payment experience: within periods customary in this trade
Negative information:We have no negative
information at hand.
Balance sheet year: 2013/2014
Type of ownership: Tenant
Address Hirschstr.
29
D 70173 Stuttgart
Land register documents were not available.
DEUTSCHE BANK, 70049 STUTTGART
Sort.
code: 60070070
BIC: DEUTDESSXXX
Profit: 2012/2013 EUR 37,519.00
2013/2014 EUR 10,740.00
further business figures:
Ac/ts receivable: EUR 154,649.00
Liabilities: EUR 384,368.00
The
number of employees is not known.
Balance sheet ratios 01.04.2013 - 31.03.2014
Equity ratio [%]: 30.36
Liquidity ratio: 0.49
Return on total capital [%]: 1.89
Balance sheet ratios 01.04.2012 - 31.03.2013
Equity ratio [%]: 33.27
Liquidity ratio: 0.53
Return on total capital [%]: 4.69
Balance sheet ratios 01.01.2012 - 31.03.2012
Equity ratio [%]: 26.60
Liquidity ratio: 0.48
Return on total capital [%]: 1.24
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 21.88
Liquidity ratio: 0.55
Return on total capital [%]: 6.93
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: 01.04.2013
- 31.03.2014
ASSETS EUR 574,717.07
Fixed assets
EUR 16,577.00
Intangible assets
EUR 5,360.00
Tangible assets
EUR 11,217.00
Current assets
EUR 557,309.07
Stocks
EUR 324,870.00
Accounts receivable EUR 154,649.13
Liquid means
EUR 77,789.94
Remaining other assets
EUR 831.00
Accruals (assets)
EUR 831.00
LIABILITIES EUR 574,717.07
Shareholders' equity
EUR 179,859.70
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-) EUR 154,859.70
Profit / loss brought forward
EUR 144,120.17
Annual surplus / annual deficit
EUR 10,739.53
Provisions
EUR 10,489.00
Liabilities
EUR 384,368.37
Type
of balancesheet: Company
balance sheet
Financial year: 01.04.2012
- 31.03.2013
ASSETS EUR 806,891.51
Fixed assets
EUR 19,311.00
Intangible assets
EUR 4,144.00
Tangible assets
EUR 15,167.00
Current assets
EUR 787,580.51
Stocks
EUR 389,220.00
Accounts receivable
EUR 135,443.44
Liquid means
EUR 262,917.07
LIABILITIES EUR 806,891.51
Shareholders' equity
EUR 169,120.17
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR 144,120.17
Profit / loss brought forward
EUR 106,601.30
Annual surplus / annual deficit
EUR 37,518.87
Provisions
EUR 24,725.76
Liabilities EUR 613,045.58
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.53 |
|
|
1 |
Rs.99.19 |
|
Euro |
1 |
Rs.69.60 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIT |
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.