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Report No. : |
312869 |
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Report Date : |
18.03.2015 |
IDENTIFICATION DETAILS
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Name : |
CHARLES VÖGELE IMPORT GMBH |
|
|
|
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Registered Office : |
Mielestr.
15, D 31275 Lehrte |
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|
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Country : |
Germany |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
30.07.2003 |
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Legal Form : |
Private
Limited Company |
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Line of Business : |
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|
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No of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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|
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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 Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 |
Charles Vögele Import GmbH
Mielestr. 15
D 31275 Lehrte
Telephone:05132/502111
Telefax: 05132/502171
Active
Business
relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 2003
Shareholders'
agreement: 17.01.2003
Registered on: 30.07.2003
Commercial Register: Local court 31134 Hildesheim
under: HRB
35864
Share capital: EUR 25,000.00
Shareholder:
Charles Vögele Holding AG
CH 8640
Rapperswil/Schweiz
Legal form: Other legal form
Share: EUR 25,000.00
Manager:
Markus Voegeli
CH Küsnacht
born: 03.08.1961
Nationality: Swiss
Manager:
Thomas-Friedrich Beckmann
CH Bassersdorf
born: 11.11.1964
Nationality: Swiss
Proxy:
Andreas Ott
CH Wollerau
authorized to jointly
represent the company
born: 26.10.1969
Nationality: Swiss
30.07.2003 - 09.08.2004 Einhundertfünfunddreißigste
Verwaltungsgesellschaft
Dammtor mbH
Warburgstr. 50
D 20354 Hamburg
Private limited company
Main industrial sector
52291
Forwarding agency
70109
Other activities of head offices
70220
Business and other management consultancy activities
Payment experience: within
agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2013
Type of ownership: Tenant
Address Mielestr.
15
D 31275 Lehrte
Land register documents were not available.
SPARKASSE HANNOVER, 30001 HANNOVER
Sort. code: 25050180
BIC: SPKHDE2HXXX
Turnover: 2014 *EUR 255,000.00
Profit: 2013 EUR 3,760.00
further business figures:
Equipment: *EUR 17,000.00
Ac/ts receivable: EUR 6,721,119.00
Liabilities: EUR 6,160,810.00
No full-time employees are employed.
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 [%]: 99.96
Liquidity ratio: 10.00
Return on total capital [%]: 0.06
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 99.88
Liquidity ratio: 10.00
Return on total capital [%]: 0.06
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 97.99
Liquidity ratio: 10.00
Return on total capital [%]: 0.36
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 98.54
Liquidity ratio: 10.00
Return on total capital [%]: 0.82
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
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.
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 6,721,119.23
Current assets
EUR 6,721,119.23
Accounts receivable
EUR 6,721,119.23
Amounts due from related companies
EUR 6,666,290.12
Other debtors and assets
EUR 54,829.11
LIABILITIES EUR 6,721,119.23
Shareholders' equity
EUR 557,309.27
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR 532,309.27
Profit / loss brought forward
EUR 528,549.66
Annual surplus / annual deficit
EUR 3,759.61
Provisions
EUR 3,000.00
Other / unspecified provisions
EUR 3,000.00
Liabilities
EUR 6,160,809.96
Other liabilities
EUR 6,160,809.96
Liabililties due to related companiesEUR 6,160,809.96
Type of
balance sheet: Company balance sheet
Financial
year: 01.01.2012 - 31.12.2012
ASSETS EUR 10,550,828.99
Fixed assets
EUR 5,304.00
Tangible assets
EUR 5,304.00
Other tangible assets / fixtures and
fittings
EUR 5,304.00
Current assets
EUR 10,545,524.99
Accounts receivable
EUR 10,545,524.99
Amounts due from related companies
EUR 10,517,298.44
Other debtors and assets
EUR 28,226.55
LIABILITIES EUR 10,550,828.99
Shareholders' equity
EUR 553,549.66
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR 528,549.66
Profit / loss brought forward
EUR 522,112.59
Annual surplus / annual deficit
EUR 6,437.07
Provisions
EUR 13,000.00
Other / unspecified provisions
EUR 13,000.00
Liabilities
EUR 9,984,279.33
Other
liabilities EUR 9,984,279.33
Liabilities due to shareholders
EUR 9,984,279.33
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 62.69 |
|
|
1 |
Rs. 92.99 |
|
Euro |
1 |
Rs. 66.37 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
DPT |
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.