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Report No. : |
278631.2 |
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Report Date : |
02.06.2015 |
IDENTIFICATION DETAILS
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Name : |
HEEFA LEDERWAREN GMBH |
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Registered Office : |
Raiffeisenstr. 13, D 55595 Weinsheim |
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Country : |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
23.04.2009 |
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Com. Reg. No.: |
HRB 20756 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Retail |
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No. of Employees : |
7 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 – 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 |
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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, 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 |
HEEFA LEDERWAREN GMBH
Company Status: active
Raiffeisenstr. 13
D 55595 Weinsheim
Telephone:06758/9695381
Telefax: 06758/9695383
Homepage: www.heefa.de
E-mail: info@heefa.de
VAT no.: DE265592740
Business relations are
permissible.
LEGAL FORM Private limited company
Date of foundation: 23.04.2009
Shareholders'
agreement: 23.04.2009
Registered on: 29.05.2009
Commercial Register: Local
court 55543 Bad Kreuznach
under: HRB 20756
Share capital: EUR 50,000.00
Shareholder:
Maximilian Wickert
Im
Lindengarten 4
D
55595 Burgsponheim
born: 10.11.1986
Share: EUR 50,000.00
Manager:
Maximilian Wickert
Im
Lindengarten 4
D
55595 Burgsponheim
having
sole power of representation
born:
10.11.1986
Marital status: unknown
29.05.2009 -
01.05.2012 Heefa Lederwaren GmbH
Brunnenstr. 2
D 55596
Waldböckelheim
Private limited company
Main industrial sector
47722 Retail sale of leatheware and baggage
Payment experience: within
periods customary in this trade
Negative information:We have no negative information at hand.
Type of ownership: Tenant
Address Raiffeisenstr. 13
D
55595 Weinsheim
Land register documents
were not available.
Principal bank
VOLKSBANK
RHEIN-NAHE-HUNSRÜCK, 55543 BAD KREUZNACH
Sort. code: 56090000
BIC: GENODE51KRE
Turnover: 2013 EUR 1,200,000.00
2014 EUR 1,200,000.00
further business figures:
Equipment: *EUR 63,000.00
Ac/ts receivable: EUR 345,165.00
Liabilities: EUR 971,754.00
Employees: 7
- Temporary workers:
1
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 [%]: 14.90
Liquidity ratio: 0.35
Return on total capital
[%]: 6.58
Balance sheet ratios
01.01.2012 - 31.12.2012
Equity ratio [%]: 7.39
Liquidity ratio: 0.26
Return on total capital
[%]: 0.87
Balance sheet ratios
01.01.2011 - 31.12.2011
Equity ratio [%]: 16.95
Liquidity ratio: 0.82
Return on total capital
[%]: 4.53
Balance sheet ratios
01.01.2010 - 31.12.2010
Equity ratio [%]: 5.21
Liquidity ratio: 1.09
Return on total capital
[%]: 1.97
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 1,176,078.76
Fixed assets
EUR 42,200.00
Tangible assets
EUR 42,200.00
Current assets
EUR 1,130,800.76
Stocks
EUR 784,427.47
Accounts receivable
EUR 345,165.42
Liquid means
EUR 1,207.87
Remaining other assets
EUR 3,078.00
Accruals (assets) EUR 3,078.00
LIABILITIES EUR 1,176,078.76
Shareholders' equity
EUR 176,369.12
Capital
EUR 50,000.00
Subscribed capital (share capital)
EUR 50,000.00
Balance sheet profit/loss (+/-)
EUR 126,369.12
Balance sheet profit / loss
EUR 126,369.12
Provisions
EUR 27,955.64
Liabilities
EUR 971,754.00
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 1,340,304.30
Fixed assets EUR 48,218.00
Tangible assets
EUR 48,218.00
Current assets
EUR 1,281,601.30
Stocks
EUR 961,001.02
Accounts receivable
EUR 319,522.45
Liquid means
EUR 1,077.83
Remaining other assets
EUR 10,485.00
Accruals (assets)
EUR 10,485.00
LIABILITIES EUR 1,340,304.30
Shareholders' equity
EUR 99,080.96
Capital
EUR 50,000.00
Subscribed capital (share capital)
EUR 50,000.00
Balance sheet profit/loss (+/-)
EUR 49,080.96
Balance sheet profit / loss
EUR 49,080.96
Provisions
EUR 11,830.21
Liabilities
EUR 1,229,393.13
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.61 |
|
|
1 |
Rs.97.27 |
|
Euro |
1 |
Rs.69.63 |
INFORMATION DETAILS
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Analysis Done by
: |
SUB |
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Report Prepared by
: |
TPT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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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.