|
Report No. : |
309622 |
|
Report Date : |
04.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
SHARMA LE BAZAAR GMBH |
|
|
|
|
Registered Office : |
Hochstr. 21, D 58095 Hagen |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Year of Establishment : |
1986 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employee : |
Not Available |
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 : |
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 – 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, 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 |
SHARMA
LE BAZAAR GMBH
Company Status: active
Hochstr. 21
D 58095 Hagen
Telephone:02331/82062
Telefax:
02331/82063
Homepage: www.lebazaar.net
E-mail:
info@lebazaar.net
VAT
no.: DE125136510
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1986
Shareholders'
agreement: 28.04.1986
Registered on: 11.06.1986
Commercial Register: Local court 58097 Hagen
under: HRB
1957
EUR 25,666.85
Trilokchand Sharma
Hohenzollernstr. 14
D 58095 Hagen
born: 01.03.1949 in
Indien
Share: EUR 25,666.85
Trilokchand Sharma
Hohenzollernstr. 14
D 58095 Hagen
having sole power of
representation
born: 01.03.1949 in
Indien
Profession: Businessman
Marital status: married
11.06.1986 - 23.06.1992 Le Bazaar Ledertrend Import - Export
GmbH
Mittelstr. 17a
D 58095 Hagen
Private limited
company
23.06.1992
- 16.01.1995 Le Bazaar Ledertrend Import
- Export
GmbH
Behringstr. 20
D 58097 Hagen
Private limited
company
26.05.1997 - 26.05.1998 Le Bazaar Ledertrend Import - Export
GmbH
Behringstr. 20
D 58097 Hagen
Private limited
company
17.07.1998 - 21.02.2005 Sharma Le Bazaar GmbH
Behringstr. 20
D 58097 Hagen
Private limited
company
21.02.2005 - 08.06.2011 Sharma Le Bazaar GmbH
Friedensstr. 127
D 58097 Hagen
Private limited
company
Main industrial sector
46493
Wholesale of leather goods, luggage, giftware and advertising articles
47722
Retail sale of leatheware and baggage
Payment experience: Slow but correct
Negative information:We have no negative
information at hand.
The maximum credit is our
recommendation for
the maximum credit limit
for the inquired
company.
Balance sheet grade: 2.6 The balance sheet grade ranges from
1.0 to 5.0. It is based on the
following ratios:
equity ratio,
liquidity ratio
and return on total
capital from
the balance sheets
published in the
Federal Gazette.
The balance sheet
grade forms part
of the Solvency
Rating[NG].
Balance sheet year: 2013
The
depth of balance sheet suggests that the company, as a
so-called micro-entity in accordance with art.
267a German
Commercial Code, has availed itself of the
facilitations of the
German Micro-Entities Amending Account Law
(MicBilG) This is why
it
is possible that the resultant reduction of the depth of
presentation in the annual accounts may entail
deviating
calculation methods of the respective balance
sheet ratios and
thus to an altered Solvency Rating [NG] and/or
balance sheet
grade.
Type of ownership: Tenant
Address Hochstr.
21
D 58095 Hagen
Real Estate of: Trilokchand
Sharma
Type of ownership: Tenant
Address Hohenzollernstr.
14
D
58095 Hagen
Land register documents were not available.
COMMERZBANK VORMALS DRESDNER BANK, 58041
HAGEN, WESTF
Sort. code: 45080060
BIC: DRESDEFF450
Liabilities: EUR 502,301.00
The
number of employees is not known.
Balance sheet ratios 01.01.2013 -
31.12.2013(1)
Equity ratio [%]: 77.17
Liquidity ratio: 4.79
Return on total capital [%]: -13.46
Balance
sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 71.75
Liquidity ratio: 0.94
Return on total capital [%]: -15.61
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 80.17
Liquidity ratio: 2.65
Return on total capital [%]: -16.29
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 76.40
Liquidity ratio: 1.65
Return on total capital [%]: -10.19
(1)
The depth of balance sheet suggests that the company, as a
so-called micro-entity in accordance with art.
267a German
Commercial Code, has availed itself of the
facilitations of the
German Micro-Entities Amending Account Law
(MicBilG) This is why
it
is possible that the resultant reduction of the depth of
presentation in the annual accounts may entail
deviating
calculation methods of the respective balance
sheet ratios and
thus to an altered Solvency Rating [NG] and/or
balance sheet
grade.
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: micro balance sheet
Financial
year: 01.01.2013 - 31.12.2013 (2)
ASSETS EUR 511,300.90
Fixed assets
EUR 10,665.50
Current assets
EUR 304,807.18
Remaining other assets EUR 195,828.22
Accruals (assets)
EUR 2,418.13
Deficit not covered by shareholders'
equity
EUR 193,410.09
LIABILITIES EUR 511,300.90
Provisions
EUR 9,000.00
Liabilities
EUR 502,300.90
thereof total due to shareholders
EUR 438,724.70
Type of balance sheet: Company balance sheet
Financial
year: 01.01.2012 - 31.12.2012
ASSETS EUR 557,646.20
Fixed assets
EUR 3,363.00
Intangible assets
EUR 0.50
Tangible assets
EUR 3,362.50
Current assets
EUR 401,008.69
Stocks
EUR 297,153.37
Accounts receivable
EUR 95,576.71
Liquid means
EUR 8,278.61
Remaining other assets
EUR 153,274.51
Accruals (assets)
EUR 2,640.31
Deficit not covered by shareholders'
equity
EUR 150,634.20
LIABILITIES EUR 557,646.20
Shareholders' equity
EUR 0.00
Capital
EUR 25,666.85
Subscribed capital (share capital)
EUR 25,666.85
Balance sheet profit/loss (+/-)
EUR -176,301.05
Profit / loss brought forward
EUR -112,772.29
Annual surplus / annual deficit
EUR -63,528.76
Other shareholders' equity (+/-)
EUR 150,634.20
Deficit not covered by shareholders'
equity
EUR 150,634.20
Provisions
EUR 4,500.00
Liabilities
EUR 553,146.20
(2)
The abbreviated depth of presentation of the annual accounts
may
be atributed to application of regulations within the German
Micro-Entities Amending Accounting Law.
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
: |
KAR |
|
|
|
|
Report Prepared by
: |
ASH |
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.