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Report No. : |
348187 |
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Report Date : |
07.11.2015 |
IDENTIFICATION DETAILS
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Name : |
CREATIVE
FASHION GMBH |
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Registered Office : |
Hans-Pinsel-Str. 4, D 85540 Haar |
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Country : |
Germany |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
08.12.1995 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
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No. of Employee : |
Not Available |
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 : |
Unknown |
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Germany |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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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 5.2% 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. The German economy suffers from low levels of investment, and a government plan to invest 15 billion euros 2016-18, largely in infrastructure, is intended to spur needed private investment. 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 accounted for 27.8% of gross electricity consumption in 2014, 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. Extremely low inflation, caused largely by low global energy prices and a weak euro, are expected to boost German GDP growth in 2015.
|
Source
: CIA |
CREATIVE FASHION GMBH
Company Status: active
Hans-Pinsel-Str. 4
D 85540 Haar
Telephone:089/3506040
Telefax:
089/35060498
Homepage: www.virmani.de
E-mail:
info@virmani.de
VAT
no.: DE811932232
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 08.12.1995
Shareholders'
agreement: 08.12.1995
Registered on: 29.02.1996
Commercial Register: Local court 80333 München
under: HRB
112245
EUR
25,564.59
Katharina Mirani
Türkenstr. 90
D 80799 München
born: 14.10.1963
Share: EUR 25,564.59
Katharina Mirani
Türkenstr. 90
D 80799 München
having sole power of
representation
born: 14.10.1963
Marital status: single
Further functions/participations of Katharina
Mirani (Manager)
Shareholder:
PNT Production GmbH
Hans-Pinsel-Str. 4
D 85540 Haar
Legal form: Private
limited company
Share capital: EUR
25,000.00
Share: EUR 25,000.00
Registered
on: 13.03.2014
Reg. data: 80333 München, HRB 210742
Manager:
PNT Production GmbH
Hans-Pinsel-Str. 4
D 85540 Haar
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 13.03.2014
Reg. data: 80333 München, HRB 210742
08.12.1995 - 09.10.1996 CREATIVE
Fashion GmbH
Wallensteinplatz 2
D 80807 München
Private limited company
10.10.1996 - 22.06.2006 CREATIVE
Fashion GmbH
Taunusstr. 45
D 80807
München
Private limited company
23.06.2006 - 31.03.2010 CRATIVE
Fashion GmbH
Truderinger Str. 13
D 81677 München
Private limited company
31.03.2010 - 26.09.2014 CREATIVE
Fashion GmbH
Truderinger
Str. 13
D 81677 München
Private limited company
Main industrial sector
1413
Manufacture of other outerwear
4616
Agents involved in the sale of textiles, apparel, footwear and
leatherware
Payment experience: within periods customary in this trade
Negative information:We have no negative
information at hand.
Balance sheet year: 2013
PMI: No significant / relevant payment
experience
information pertaining to
the company
inquired upon is shown in
the Deutscher
Debitoren Monitor
(DDMonitor).
Events Index: 1
At present, NO events are
known.
The Events Index
indicates if any particular
events have occurred,
such as e.g. a
relocation of registered
office or a change
within management. On the
basis of number,
relevance and
up-to-dateness of the events
an index value ranging
from 1 (no events) to
5 is calculated.
Companies showing a
particularly large number
of events receive
the index 6.
Type of ownership: Tenant
Address Hans-Pinsel-Str.
4
D 85540 Haar
Land register documents were not available.
DEUTSCHE
BANK PRIVAT UND GESCHÄFTSKUNDEN, 80271 MÜNCHEN
Sort. code: 70070024
BIC: DEUTDEDBMUC
UNICREDIT BANK - HYPOVEREINSBANK, 80311
MÜNCHEN
Sort. code: 70020270, Account no.: 4610156857
BIC: HYVEDEMMXXX, IBAN: DE71700202704610156857
Profit: 2013 EUR 27,693.00
Ac/ts receivable: EUR
255,493.00
Liabilities: EUR 359,732.00
The
number of employees is not known.
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 14.42
Liquidity ratio: 10.00
Return on total capital [%]: 3.10
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 9.15
Liquidity ratio: 2.66
Return on total capital [%]: 0.05
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 8.70
Liquidity ratio: 1.75
Return on total capital [%]: 2.97
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 7.63
Liquidity ratio: 0.64
Return on total capital [%]: 2.98
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
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2013 - 31.12.2013
ASSETS EUR 957,043.76
Fixed assets
EUR 8,335.00
Intangible assets EUR 4.00
Tangible assets
EUR 8,331.00
Current assets
EUR 948,708.76
Stocks
EUR 266,020.10
Accounts receivable
EUR 255,492.94
Liquid means
EUR 427,195.72
LIABILITIES EUR 957,043.76
Shareholders' equity
EUR 192,152.07
Capital
EUR 25,564.59
Subscribed capital (share capital)
EUR 25,564.59
Balance sheet profit/loss (+/-)
EUR 166,587.48
Profit / loss brought forward
EUR 138,894.95
Annual surplus / annual deficit
EUR 27,692.53
Provisions
EUR 405,160.00
Liabilities
EUR 359,731.69
Type
of balance sheet: Company balance
sheet
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 1,227,339.46
Fixed assets
EUR 6,056.00
Intangible assets
EUR 4.00
Tangible assets
EUR 6,052.00
Current assets
EUR 1,221,283.46
Stocks EUR 328,433.23
Accounts receivable
EUR 315,862.56
Liquid means
EUR 576,987.67
LIABILITIES EUR 1,227,339.46
Shareholders' equity EUR 164,459.54
Capital
EUR 25,564.59
Subscribed capital (share capital)
EUR 25,564.59
Balance sheet profit/loss (+/-)
EUR 138,894.95
Profit / loss brought forward
EUR 138,272.16
Annual surplus / annual deficit
EUR 622.79
Provisions
EUR 388,566.00
Liabilities
EUR 674,313.92
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.79 |
|
|
1 |
Rs.99.95 |
|
Euro |
1 |
Rs.71.55 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
ASH |
RATING EXPLANATIONS
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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 |
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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 |
|
<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.