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Report No. : |
321809 |
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Report Date : |
15.05.2015 |
IDENTIFICATION DETAILS
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Name : |
RM-TRADE GMBH |
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Registered Office : |
Rathausstr. 33, D 65203 Wiesbaden, Post
Box: 12 05 65, D 65083 Wiesbaden |
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Country : |
Germany |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
02.09.2002 |
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Com. Reg. No.: |
HRB 13257 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Wholesale of
paper and paperboard, stationery, office supplies,
books, periodicals and newspapers ·
Wholesale of
waste and scrap ·
Non-specialized
wholesale of raw materials and half-finished
and finished goods ·
Warehousing |
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|
|
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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 |
RM-TRADE GMBH
Company Status: active
Rathausstr. 33
D 65203 Wiesbaden
Post Box:
12 05 65, D 65083 Wiesbaden
Telephone:0611/34150
Telefax:
0611/3415200
Homepage:
www.rm-trade.com
E-mail:
info@rm-trade.com
VAT
no.: DE813503567
Tax
ID number: 043 242 46123
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 02.09.2002
Shareholders'
agreement: 02.09.2002
Registered on: 07.10.2002
Commercial Register: Local court 65189
Wiesbaden
under: HRB 13257
Share capital: EUR 50,000.00
Shareholder:
Reinhold Meinl
Liebigstr. 6
D 65193 Wiesbaden
born: 21.07.1948
Share: EUR 40,000.00
Shareholder:
Lutz Krämer
D 65239 Hochheim
born: 29.10.1977
Share: EUR 5,000.00
Shareholder:
Eric Lenard
D 65203 Wiesbaden
Share: EUR 5,000.00
Manager:
Reinhold Meinl
Liebigstr. 6
D 65193 Wiesbaden
having sole power of
representation
born: 21.07.1948
Manager:
Lutz Krämer
D 65239 Hochheim
having sole power of
representation
born: 29.10.1977
Proxy:
Marion Brandes
D 65183 Wiesbaden
having sole power of
representation
born: 26.07.1955
Further functions/participations of Reinhold
Meinl (Manager)
Shareholder:
rm-concept GmbH
Rathausstr. 33
D 65203 Wiesbaden
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 12,550.00
Registered
on: 08.08.2012
Reg. data: 65189 Wiesbaden, HRB 26495
Main industrial sector
46494
Wholesale of paper and paperboard, stationery, office supplies, books,periodicals
and newspapers
4677
Wholesale of waste and scrap
46902
Non-specialized wholesale of raw materials and half-finished and
finished goods
5210
Warehousing
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Type of ownership: Tenant
Address Rathausstr. 33
D 65203 Wiesbaden
Land register documents were not available.
Principal bank
COMMERZBANK VORMALS DRESDNER BANK, 55006 MAINZ
A RHEIN
Sort. code: 55080065
BIC: DRESDEFF550
Turnover: 2013 EUR 17,100,000.00
2014
EUR 17,100,000.00
Profit: 2013 EUR 12,913.00
further business figures:
Equipment: *EUR 66,000.00
Ac/ts receivable: EUR
2,243,855.00
Liabilities: EUR 2,183,514.00
Total numbers of vehicles:
3
-
Passenger cars:
3
Employees:
7
-
thereof permanent staff:
6
-
Part-time employees:
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 [%]: 35.63
Liquidity ratio: 1.60
Return on total capital [%]: 0.37
Balance
sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 34.00
Liquidity ratio: 1.81
Return on total capital [%]: 1.75
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 42.01
Liquidity ratio: 2.65
Return on total capital [%]: 6.67
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 26.23
Liquidity ratio: 1.51
Return on total capital [%]: 5.48
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 3,473,740.19
Fixed assets
EUR 66,189.00
Tangible assets
EUR 66,189.00
Current assets EUR 3,406,314.72
Stocks
EUR 383,564.03
Accounts receivable
EUR 2,243,854.63
Liquid means
EUR 778,896.06
Remaining other assets
EUR 1,236.47
Other assets
EUR 1,236.47
LIABILITIES EUR 3,473,740.19
Shareholders' equity
EUR 1,237,732.84
Capital EUR 50,000.00
Subscribed capital (share capital)
EUR 50,000.00
Balance sheet profit/loss (+/-)
EUR 1,187,732.84
Profit / loss brought forward
EUR 1,174,819.81
Annual surplus / annual deficit
EUR 12,913.03
Provisions
EUR 52,493.00
Liabilities
EUR 2,183,514.35
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 3,602,575.94
Fixed assets
EUR 97,944.94
Intangible assets
EUR 29,167.00
Concessions, licences, rights
EUR 29,167.00
Tangible assets
EUR 60,045.00
Other tangible assets / fixtures and
fittings
EUR 60,045.00
Financial assets
EUR 8,732.94
Other loans
EUR 8,732.94
Current assets
EUR 3,504,631.00
Stocks
EUR 260,830.26
Finished goods / work in progress
EUR 260,830.26
Accounts receivable
EUR 2,221,773.14
Trade debtors
EUR 2,169,912.45
Other debtors and assets
EUR 51,860.69
Liquid means
EUR 1,022,027.60
LIABILITIES EUR 3,602,575.94
Shareholders' equity
EUR 1,224,819.81
Capital EUR 50,000.00
Subscribed capital (share capital)
EUR 50,000.00
Balance sheet profit/loss (+/-)
EUR 1,174,819.81
Profit / loss brought forward
EUR 1,111,698.61
Annual surplus / annual deficit
EUR 63,121.20
Provisions
EUR 125,708.00
Other / unspecified provisions
EUR 125,708.00
Liabilities
EUR 2,252,048.13
Other
liabilities EUR 2,252,048.13
Trade creditors (for IAS incl. bills
of exchange)
EUR 1,783,737.41
Liabilities from received advance
payments
EUR 214.97
Unspecified other liabilities
EUR 468,095.75
thereof liabilities from tax /
financial authorities
EUR 112,246.83
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.84 |
|
|
1 |
Rs.100.65 |
|
Euro |
1 |
Rs.72.88 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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|
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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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 |
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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.