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Report No. : |
309601 |
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Report Date : |
04.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
CONTEMPO GOODS TRADING CONNECTIONS
GMBH |
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|
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Registered Office : |
Waldstr. 23 D 63128 Dietzenbach |
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Country : |
Germany |
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Financials (as on) : |
30.05.2013 |
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Date of Incorporation : |
22.05.1997 |
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Com. Reg. No.: |
HRB 12075 |
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Legal Form : |
Private limited company |
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Line of Business : |
Non-specialized wholesale trade [Note: We tried to confirm
/ obtain the detailed activity but the same is not available from any
sources] |
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No. of Employee : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
In liquidation |
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Payment Behaviour : |
-- |
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Litigation : |
-- |
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 |
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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, 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 |
CONTEMPO Goods Trading Connections GmbH
Company Status: in liquidation since: 23.07.2012
Waldstr. 23
D 63128 Dietzenbach
Telephone:06074/822349
VAT
no.: DE187953433
We
cannot give an opinion as to the granting of a credit in this
particular case. Business relations require
suitable securities.
LEGAL FORM Private
limited company
Date of foundation: 22.05.1997
Shareholders'
agreement: 22.05.1997
Registered on: 27.09.2001
Commercial Register: Local court 63065 Offenbach
under: HRB
12075
EUR
500,000.00
Shareholder:
Gudrun Roozen
Im Wiesenring 22
D 63150 Heusenstamm
born: 28.09.1940
Share: EUR 357,150.00
Shareholder:
Christoffer Roozen
Industriestr. 24
D 63150 Heusenstamm
born: 06.06.1971
Share: EUR 142,850.00
Liquidator:
Christoffer Roozen
Industriestr. 24
D 63150 Heusenstamm
having sole power of
representation
born: 06.06.1971
Profession: Businessman
22.05.1997 - 26.09.2001 CONTEMPO Goods Trading Connections GmbH
Berrenrather Str. 124
D 50354 Hürth
Private limited
company
27.09.2001 - 05.12.2010 CONTEMPO Goods Trading Connections GmbH
Messenhäuser Str. 24
D 63128 Dietzenbach
Private limited
company
Main industrial sector
4690
Non-specialized wholesale trade
Payment experience: could not be obtained
Negative information:We have no negative
information at hand.
Balance
sheet year: 2012/2013
Type of ownership: Tenant
Address Waldstr. 23
D 63128 Dietzenbach
Land register documents were not available.
KREISSPARKASSE KÖLN, 50226 FRECHEN
Sort. code: 37050299
BIC: COKSDE33XXX
Ac/ts receivable: EUR 130,677.00
Liabilities: EUR 53,404.00
No full-time employees are employed.
Balance
sheet ratios 31.05.2012 - 30.05.2013
Equity ratio [%]: 84.60
Liquidity ratio: 10.00
Return on total capital [%]: 33.98
Balance sheet ratios 01.01.2012 - 30.05.2012
Equity ratio [%]: 15.15
Liquidity ratio: 1.25
Return on total capital [%]: -52.09
Balance
sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 22.66
Liquidity ratio: 1.03
Return on total capital [%]: -9.67
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 33.40
Liquidity ratio: 1.06
Return on total capital [%]: -11.06
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: 31.05.2012 - 30.05.2013
ASSETS EUR 414,908.57
Fixed assets
EUR 238.67
Tangible assets
EUR 238.67
Current assets
EUR 414,669.90
Accounts receivable
EUR 130,676.75
Liquid means
EUR 283,993.15
LIABILITIES EUR 414,908.57
Shareholders' equity
EUR 351,004.89
Capital
EUR 500,000.00
Subscribed capital (share capital)
EUR 500,000.00
Balance sheet profit/loss (+/-)
EUR -148,995.11
Profit / loss brought forward
EUR -289,999.27
Annual surplus / annual deficit
EUR 141,004.16
Provisions
EUR 10,500.00
Liabilities
EUR 53,403.68
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 30.05.2012
ASSETS EUR 1,384,914.71
Fixed assets
EUR 94,502.75
Intangible assets
EUR 491.76
Tangible assets
EUR 88,010.99
Financial assets
EUR 6,000.00
Other / unspecified financial assets EUR 6,000.00
Current assets
EUR 1,286,432.85
Stocks
EUR 305,517.95
Accounts receivable EUR 955,910.59
Liquid means
EUR 25,004.31
Remaining other assets
EUR 3,979.11
Accruals (assets)
EUR 3,979.11
LIABILITIES
EUR 1,384,914.71
Shareholders' equity
EUR 210,000.73
Capital
EUR 500,000.00
Subscribed capital (share capital)
EUR 500,000.00
Balance
sheet profit/loss (+/-) EUR -289,999.27
Profit / loss brought forward
EUR 431,281.43
Annual surplus / annual deficit
EUR -721,280.70
Provisions
EUR 387,554.23
Liabilities
EUR 787,359.75
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.84 |
|
|
1 |
Rs.95.14 |
|
Euro |
1 |
Rs.69.25 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ANK |
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.