|
Report No. : |
333263 |
|
Report Date : |
28.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
RAK FURNIERE GMBH |
|
|
|
|
Registered Office : |
Porschestr. 3, D 63512 Hainburg |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
02.01.1995 |
|
|
|
|
Com. Reg. No.: |
HRB 44959 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
· Manufacture of veneer sheets and wood-based panels ·
Wholesale of other wooden semi-finished
goods and construction materials |
|
|
|
|
No. of Employees : |
10 |
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 |
|
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 – 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 |
RAK FURNIERE GMBH
Company Status: active
Porschestr. 3
D 63512 Hainburg
Telephone:06182/824630
Telefax:
06182/8246329
E-mail:
info@rak-furniere.com
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 02.01.1995
Shareholders'
agreement: 02.01.1995
Registered
on: 29.07.2010
Commercial Register: Local court 63065
Offenbach
under: HRB 44959
Share capital: EUR 51,129.19
Shareholder:
Ralf Köhler
Herderstr. 7
D 63477 Maintal
born: 15.09.1958
Share: EUR 51,129.19
Manager:
Ralf Köhler
Herderstr. 7
D 63477 Maintal
having sole power of
representation
born: 15.09.1958
Profession: Industrial
manager
Marital status: married
02.01.1995 - 06.03.2007 FurNek - Furniere GmbH
Meisenweg 5
D 97816 Lohr
Private limited
company
07.03.2007 - 30.08.2009 FurNek - Furniere GmbH
Von-Kiesling-Str. 10
D 97846
Partenstein
Private limited
company
31.08.2009 - 28.07.2010 RAK Furniere GmbH
Von-Kiesling-Str. 10
D 97846 Partenstein
Private limited
company
Main industrial sector
16210
Manufacture of veneer sheets and wood-based panels
46733
Wholesale of other wooden semi-finished goods and construction materials
Payment experience: within periods customary in this trade
Negative information: We have no negative
information at hand.
Type of ownership: Tenant
Address Porschestr. 3
D 63512 Hainburg
Land
register documents were not available.
VOLKSBANK SELIGENSTADT, 63512 HAINBURG, HESS
Sort. code: 50692100
BIC: GENODE51SEL
Turnover: 2014 *EUR 1,550,000.00
Equipment: *EUR 105,000.00
Ac/ts receivable: *EUR 120,000.00
Liabilities: *EUR 185,000.00
Employees:
10
The
business figures marked with an asterisk are estimates based
on
average values in the line of business.
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 19.53
Liquidity ratio: 0.49
Return on total capital [%]: 2.90
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 18.66
Liquidity ratio: 0.55
Return on total capital [%]: 0.56
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 10.12
Liquidity ratio: 0.38
Return on total capital [%]: 4.51
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 12.62
Liquidity ratio: 0.28
Return
on total capital [%]: 0.54
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 1,966,725.15
Fixed assets
EUR 95,819.00
Tangible assets
EUR 95,819.00
Current assets
EUR 1,868,356.15
Stocks
EUR 1,060,225.00
Accounts receivable
EUR 672,015.13
Liquid means
EUR 136,116.02
Remaining other assets
EUR 2,550.00
Accruals (assets)
EUR 2,550.00
LIABILITIES EUR 1,966,725.15
Shareholders' equity EUR 236,882.30
Capital
EUR 51,129.18
Subscribed capital (share capital)
EUR 51,129.18
Reserves
EUR 289,597.77
Capital reserves
EUR 289,597.77
Balance sheet profit/loss (+/-)
EUR -103,844.65
Balance sheet profit / loss
EUR -103,844.65
Provisions
EUR 57,511.00
Liabilities EUR 1,665,836.85
Other liabilities
EUR 6,495.00
Deferred taxes (not included under
provisions/liabilities)
EUR 6,495.00
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 1,749,210.75
Fixed assets
EUR 59,616.00
Tangible assets EUR 59,616.00
Current assets
EUR 1,686,902.80
Stocks
EUR 920,381.00
Accounts receivable
EUR 761,771.86
Liquid means EUR 4,749.94
Remaining other assets
EUR 2,691.95
Accruals (assets)
EUR 2,691.95
LIABILITIES EUR 1,749,210.75
Shareholders' equity
EUR 179,750.71
Capital
EUR 51,129.18
Subscribed capital (share capital)
EUR 51,129.18
Reserves
EUR 289,597.77
Capital reserves
EUR 289,597.77
Balance sheet profit/loss (+/-)
EUR -160,976.24
Balance sheet profit / loss
EUR -160,976.24
Provisions
EUR 43,116.00
Liabilities
EUR 1,526,344.04
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.00 |
|
|
1 |
Rs.99.43 |
|
Euro |
1 |
Rs.70.61 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
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.