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Report No. : |
349184 |
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Report Date : |
07.11.2015 |
IDENTIFICATION DETAILS
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Name : |
GOLDEN NUGGET LEDERWAREN-VERTRIEBS GMBH |
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Registered Office : |
Bahnhofstr.
4 D 55595 Weinsheim |
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Country : |
Germany |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
1994 |
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Legal Form : |
Private limited company |
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Line of Business : |
Wholesale of leather goods,
luggage, giftware and advertising articles |
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No. of Employees : |
4 |
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 : |
Small Company |
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 5.2% 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 |
Golden Nugget Lederwaren-Vertriebs GmbH
Bahnhofstr. 4
D 55595 Weinsheim
Telephone:06758/8973
Telefax: 06758/8562
Homepage: www.gn-lederwaren.de
E-mail: info@gn-lederwaren.de
Active
DE169372030
06/656/1845/1
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1994
Shareholders'
agreement: 05.12.1994
Registered on: 16.03.1995
Commercial Register: Local court 55543 Bad Kreuznach
under: HRB
3299
Share capital: EUR 75,000.00
Shareholder:
Benno Schneider
Bahnhofstr. 4
D 55595 Weinsheim
born: 21.08.1963
Share: EUR 75,000.00
Manager:
Benno Schneider
Bahnhofstr. 4
D 55595 Weinsheim
having sole power of
representation
born: 21.08.1963
Marital status: married
Main industrial sector
46493
Wholesale of leather goods, luggage, giftware and
advertising articles
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2013
Type of ownership: Tenant
Address Bahnhofstr.
4
D 55595 Weinsheim
Land register documents were not available.
Principal bank
SPARKASSE RHEIN-NAHE, 55541 BAD KREUZNACH
Sort. code: 56050180
BIC: MALADE51KRE
Turnover: 2013 EUR 2,000,000.00
Ac/ts receivable: EUR 773,498.00
Liabilities: EUR 330,796.00
Employees:
4
- Freelancer:
4
BALANCE SHEETS
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 62.14
Liquidity ratio: 4.41
Return on total capital [%]: 4.70
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 65.88
Liquidity ratio: 3.56
Return on total capital [%]: 5.20
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 51.05
Liquidity ratio: 2.21
Return on total capital [%]: 8.42
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 47.42
Liquidity ratio: 1.76
Return on total capital [%]: 7.11
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 1,264,158.63
Fixed assets EUR 97,916.00
Intangible assets EUR 0.50
Tangible assets EUR 97,915.50
Current assets EUR 1,165,921.13
Stocks EUR 237,077.34
Accounts receivable EUR 773,497.57
Liquid means EUR 155,346.22
Remaining other assets EUR 321.50
Accruals (assets) EUR 321.50
LIABILITIES EUR 1,264,158.63
Shareholders' equity EUR 785,556.73
Capital EUR 75,000.00
Subscribed capital (share capital) EUR 75,000.00
Balance sheet profit/loss (+/-) EUR 710,556.73
Balance sheet profit / loss EUR 710,556.73
Provisions EUR 147,806.00
Liabilities EUR 330,795.90
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 1,280,355.39
Fixed assets EUR 102,031.00
Intangible assets EUR 0.50
Tangible assets EUR 102,030.50
Current assets EUR 1,177,831.83
Stocks EUR 242,465.77
Accounts receivable EUR 933,763.91
Liquid means EUR 1,602.15
Remaining other assets EUR 492.56
Accruals (assets) EUR 492.56
LIABILITIES EUR 1,280,355.39
Shareholders' equity EUR 726,099.97
Capital EUR 75,000.00
Subscribed capital (share capital) EUR 75,000.00
Balance sheet profit/loss (+/-) EUR 651,099.97
Balance sheet profit / loss EUR 651,099.97
Provisions EUR 173,087.00
Liabilities EUR 381,168.42
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.79 |
|
UK Pound |
1 |
Rs.99.95 |
|
Euro |
1 |
Rs.71.55 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
TRU |
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 |
-- |
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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.