|
Report No. : |
291208.2 |
|
Report Date : |
01.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
GERT HELLMUTH GMBH |
|
|
|
|
Registered Office : |
Gravelottestr. 47, D 75173 Pforzheim |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
21.07.2009 |
|
|
|
|
Com. Reg. No.: |
HRB 707229 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
·
Manufacture of jewelry and related
articles (except imitation jewelry) ·
Wholesale of clocks and watches and jewelry |
|
|
|
|
No. of Employees : |
15 |
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 : |
No Complaints |
|
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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, 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 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. 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 accounts for 34% of total energy
consumption, 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.
|
Source
: CIA |
GERT HELLMUTH GMBH
Company
Status: active
Gravelottestr. 47
D 75173 Pforzheim
Telephone:07231/92237-0
Telefax:
07231/92237-37
Homepage:
www.hellmuthjewelry.com
E-mail:
info@hellmuth.de
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 21.07.2009
Shareholders'
agreement: 21.07.2009
Registered
on: 27.07.2009
Commercial Register: Local court 68159
Mannheim
under: HRB 707229
Share capital: EUR 33,378.00
Shareholder:
Gert Hellmuth
Sonnenbergstr. 69
D 75180 Pforzheim
born: 05.05.1962
Share: EUR 25,000.00
Shareholder:
Oliver Johannes Greve
Alt-Stralau 27
D 10245 Berlin
born: 28.12.1963
Share: EUR 8,378.00
Manager:
Gert Hellmuth
Sonnenbergstr. 69
D 75180 Pforzheim
having sole power of
representation
born: 05.05.1962
Profession: Businessman
Marital status: single
Manager:
Daniel Guenter Maffert
Sudetenstr. 20
D 75181 Pforzheim
having sole power of
representation
born: 28.03.1988
Further functions/participations of Gert
Hellmuth (Manager)
Proprietor:
Gert Hellmuth
Schmuckwaren
Gravelottestr. 47
D 75173 Pforzheim
Legal form: Unregistered
commercial enterprise
Sectors
3212
Manufacture of jewelry and related articles (except imitation jewelry)
4648
Wholesale of clocks and watches and jewelry
Payment experience: taking full advantage of periods as agreed
upon
Negative information: Negative information
is known to us.
Type of ownership: Tenant
Address Gravelottestr. 47
D 75173 Pforzheim
Real Estate of: Gert Hellmuth
Type of ownership: proprietor
Share: 100.00 %
Address Sonnenbergstr. 69-71
D 75180 Pforzheim
Type of real estate: residential and business
location
Land register documents were not available.
A
bank connection is unknown.
Turnover: 2013 *EUR 2,325,000.00
Expected turnover: EUR
2,350,000.00
Ac/ts receivable: EUR
350,055.00
Liabilities: EUR 1,361,807.00
Employees:
15
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 [%]: 71.14
Liquidity ratio: 1.13
Return on total capital [%]: -33.36
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 46.99
Liquidity ratio: 0.71
Return on total capital [%]: 2.29
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 43.81
Liquidity ratio: 0.96
Return on total capital [%]: 7.06
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity
ratio [%]: 46.39
Liquidity ratio: 1.33
Return on total capital [%]: 5.75
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 1,402,736.73
Fixed assets EUR 6,999.00
Intangible assets
EUR 482.00
Tangible assets
EUR 6,217.00
Financial assets
EUR 300.00
Other / unspecified financial assets EUR 300.00
Current assets
EUR 1,250,162.29
Stocks
EUR 886,394.55
Accounts receivable
EUR 350,054.51
Liquid means
EUR 13,713.23
Remaining other assets
EUR 145,575.44
Accruals (assets)
EUR 3,912.97
Deficit not covered by shareholders'
equity EUR 141,662.47
LIABILITIES EUR 1,402,736.73
Shareholders' equity
EUR 0.00
Capital
EUR 25,000.00
Subscribed
capital (share capital) EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR -166,662.47
Balance sheet profit / loss
EUR -166,662.47
Other shareholders' equity (+/-)
EUR 141,662.47
Deficit not covered by shareholders'
equity
EUR 141,662.47
Provisions
EUR 40,930.00
Liabilities
EUR 1,361,806.73
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 1,596,018.65
Fixed assets
EUR 2,514.00
Intangible assets
EUR 198.00
Other / unspecified intangible assetsEUR 198.00
Tangible assets
EUR 2,016.00
Other / unspecified tangible assets
EUR 2,016.00
Financial assets
EUR 300.00
Other / unspecified financial assets EUR 300.00
Current assets
EUR 1,558,937.35
Stocks
EUR 1,007,926.40
Accounts receivable
EUR 537,943.56
Other debtors and assets
EUR 537,943.56
Liquid means
EUR 13,067.39
Remaining other assets
EUR 34,567.30
Accruals (assets)
EUR 34,567.30
LIABILITIES EUR 1,596,018.65
Shareholders' equity
EUR 278,951.32
Capital EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR 253,951.32
Balance sheet profit / loss
EUR 253,951.32
Provisions EUR 71,998.49
Liabilities
EUR 1,245,068.84
Other liabilities
EUR 1,245,068.84
Unspecified other liabilities
EUR 1,245,068.84
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.76 |
|
|
1 |
Rs.97.80 |
|
Euro |
1 |
Rs.69.91 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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.