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Report No. : |
349178 |
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Report Date : |
17.11.2015 |
IDENTIFICATION DETAILS
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Name : |
HMT LEDERWAREN IMPORT GMBH |
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Registered Office : |
Eichenstr. 56, D 65933 Frankfurt |
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Country : |
Germany |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
01.11.2004 |
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Com. Reg. No.: |
HRB 90442 |
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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 : |
02 |
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 |
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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 |
HMT LEDERWAREN IMPORT GMBH
Company Status: active
Main address: Eichenstr.
56
D 65933 Frankfurt
Telephone:069/93994954
Telefax: 069/93994828
Homepage: www.hmtlederwaren.com
E-mail:
hmtlederwaren@t-online.de
Legal office: Lärchenstr.
78
D 65933 Frankfurt
VAT
no.: DE276371633
Tax
ID number: 045 235 61090
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 01.11.2004
Shareholders'
agreement: 02.12.2010
Registered on: 10.03.2011
Commercial Register: Local court 60313
Frankfurt
under: HRB 90442
Share capital: EUR 25,000.00
Shareholder:
Harpreet Singh Thukral
D 65795 Hattersheim
born: 07.10.1975
Share: EUR 25,000.00
Manager:
Harpreet Singh Thukral
D 65795 Hattersheim
having sole power of representation
born: 07.10.1975
01.11.2004 - 09.03.2011 Harpreet Singh Thukral
Lärchenstr. 78
D 65933 Frankfurt
Unregistered
commercial enterprise
10.03.2011 - 31.12.2012 HMT Lederwaren Import GmbH
Lärchenstr. 78
D 65933 Frankfurt
Private limited
company
Main industrial sector
46493 Wholesale
of leather goods, luggage, giftware and advertising articles
Secondary industrial sector
6420
Activities of holding companies
7010
Activities of head offices
Payment experience: within agreed terms
Negative
information: We have no negative information at hand.
Balance sheet year: 2014
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
Eichenstr. 56
D 65933 Frankfurt
Land register documents were not available.
A
bank connection is unknown.
Turnover: 2014 *EUR 360,000.00
Profit: 2013 EUR 34,217.00
2014 EUR 6,406.00
further business figures:
Ac/ts receivable: EUR 105,256.00
Liabilities: EUR 358,401.00
Employees:
2
The
business figures marked with an asterisk are estimates based
on
average values in the line of business.
Balance
sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 22.16
Liquidity ratio: 0.35
Return on total capital [%]: 1.38
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 29.97
Liquidity ratio: 0.79
Return on total capital [%]: 12.22
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 16.05
Liquidity ratio: 0.40
Return on total capital [%]: 10.98
Balance
sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 37.12
Liquidity ratio: 1.67
Return on total capital [%]: 4.17
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: 01.01.2014 - 31.12.2014
ASSETS EUR 464,268.96
Fixed assets
EUR 7,480.00
Tangible assets
EUR 7,480.00
Current assets
EUR 455,241.66
Stocks
EUR 294,007.60
Accounts receivable
EUR 105,255.74
Liquid means
EUR 55,978.32
Remaining other assets
EUR 1,547.30
Accruals (assets)
EUR 1,547.30
LIABILITIES EUR 464,268.96
Shareholders' equity
EUR 102,867.87
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Balance sheet profit/loss (+/-)
EUR 77,867.87
Profit / loss brought forward EUR 71,461.76
Annual surplus / annual deficit
EUR 6,406.11
Provisions
EUR 3,000.00
Liabilities
EUR 358,401.09
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 280,115.58
Fixed assets EUR 8,519.00
Tangible assets
EUR 8,519.00
Current assets
EUR 271,596.58
Stocks
EUR 121,701.61
Accounts receivable
EUR 97,082.04
Liquid means
EUR 52,812.93
LIABILITIES EUR 280,115.58
Shareholders' equity
EUR 83,961.76
Capital
EUR 12,500.00
Subscribed capital (share capital)
EUR 25,000.00
thereof not yet paid-up capital
EUR 12,500.00
thereof uncalled outstanding
contributions EUR 12,500.00
Balance sheet profit/loss (+/-)
EUR 71,461.76
Profit / loss brought forward
EUR 37,244.79
Annual surplus / annual deficit
EUR 34,216.97
Provisions EUR 20,679.36
Liabilities
EUR 175,474.46
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.17 |
|
|
1 |
Rs.100.65 |
|
Euro |
1 |
Rs.70.97 |
INFORMATION DETAILS
|
Analysis Done by
: |
HEE |
|
|
|
|
Report Prepared
by : |
TPT |
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 |
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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 |
|
|
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 |
|
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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.