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Report No. : |
310239 |
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Report Date : |
09.03.2015 |
IDENTIFICATION DETAILS
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Name : |
RAINBOW HOLDINGS GMBH |
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Registered Office : |
Schwannstr. 6, D 40476 Düsseldorf |
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Country : |
Germany |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
21.04.2009 |
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Legal Form : |
Private limited company |
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Line of Business : |
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No. of Employee : |
1 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 |
|
High |
B2 |
|
Very High |
C1 |
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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 |
RAINBOW HOLDINGS GMBH
Company Status: active
Schwannstr. 6
D 40476 Düsseldorf
Telephone:0211/877204
Telefax: 0211/87722537
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 21.04.2009
Shareholders' agreement: 21.04.2009
Registered on: 20.07.2009
Commercial Register: Local court 40227
Düsseldorf
under: HRB
61425
Share capital: EUR 25,000.00
Galaxy Holdings
(Mauritius) Ltd. c/o
Mauritius International
Trust Co. Ltd.
Level 11, One Cathedral
Square
MS Port Louis
Legal form: Other legal
form
Share: EUR 25,000.00
Uday Kamat
IND Mumbai
having sole power of
representation
born: 14.05.1954
Nationality: Indian
30.04.2009 - 20.07.2009 Jade 914. GmbH (AG Charlottenburg, HRB
119556 B)
Friedrichstr. 133 c/o
VRB
D 10117 Berlin
Private limited
company
20.07.2009 - 01.04.2010 Rainbow Holdings GmbH
Schwannstr. 6 c/o
Raupach & Wo
D 40476 Düsseldorf
Private limited
company
Main industrial sector
6420
Activities of holding companies
Average risk of default: 1.3 %
70109
Other activities of head offices
Payment experience: within periods customary in this trade
Negative
information:We have no negative information at hand.
Balance sheet year: 2013
Type of ownership: Tenant
Address Schwannstr.
6
D 40476 Düsseldorf
Land register documents were not available.
A
bank connection is unknown.
Liabilities: EUR 1,863,045.00
Employees: 1
Balance
sheet ratios 01.01.2013 - 31.12.2013
Equity
ratio [%]: -110.52
Return on total capital [%]: -15.69
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: -93.73
Return on total capital [%]: -15.27
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: -77.11
Return on total capital [%]: -15.19
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: -61.22
Return on total capital [%]: -55.59
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.
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.
The
balance sheet grade is based on the following ratios: equity
ratio, liquidity ratio and return on total
capital from the
balance sheets published in the Federal
Gazette. It is calculated
in
accordance with the methodology of Euler Hermes. It ranges
from 1.0 (positive) to 5.0 (negative).
Type of balance sheet: Company balance sheet
Financial
year: 01.01.2013 - 31.12.2013
ASSETS EUR 2,001,000.00
Fixed assets
EUR 893,000.00
Financial assets
EUR 893,000.00
Shares in participations /
subsidiaries and the like
EUR 893,000.00
Shares in related companies
EUR 893,000.00
Current assets
EUR 57,486.35
Liquid means
EUR 57,486.35
Remaining other assets
EUR 1,050,513.65
Deficit not covered by shareholders'
equity EUR 1,050,513.65
LIABILITIES EUR 2,001,000.00
Shareholders' equity
EUR 0.00
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR -1,075,513.65
Profit / loss brought forward
EUR -926,381.12
Annual surplus / annual deficit
EUR -149,132.53
Other shareholders' equity (+/-)
EUR 1,050,513.65
Deficit not covered by shareholders'
equity
EUR 1,050,513.65
Liabilities
EUR 2,001,000.00
Other liabilities
EUR 2,001,000.00
Liabililties due to related companiesEUR 2,001,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Other operating expenses
EUR 11,132.53
Operating result from continuing
operations
EUR -11,132.53
Interest result (+/-)
EUR -138,000.00
Interest and similar expenses
EUR 138,000.00
Financial
result (+/-) EUR -138,000.00
Result from ordinary operations (+/-)
EUR -149,132.53
Annual surplus / annual deficit
EUR -149,132.53
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 1,863,045.22
Fixed assets
EUR 893,000.00
Financial assets
EUR 893,000.00
Shares in participations /
subsidiaries and the like
EUR 893,000.00
Current assets
EUR 68,664.10
Liquid means
EUR 68,664.10
Remaining other assets EUR 901,381.12
Deficit not covered by shareholders'
equity
EUR 901,381.12
LIABILITIES EUR 1,863,045.22
Shareholders' equity
EUR 0.00
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR -926,381.12
Profit / loss brought forward
EUR -779,523.87
Annual surplus / annual deficit
EUR -146,857.25
Other shareholders' equity (+/-)
EUR 901,381.12
Deficit not covered by shareholders'
equity
EUR 901,381.12
Liabilities
EUR 1,863,045.22
Other liabilities
EUR 1,863,045.22
Trade creditors (for IAS incl. bills
of exchange)
EUR 45.22
Liabililties due to related companiesEUR 1,863,000.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.20 |
|
|
1 |
Rs.94.71 |
|
Euro |
1 |
Rs.68.60 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
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|
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|
Report Prepared
by : |
ASH |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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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 |
|
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.