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Report No. : |
350155 |
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Report Date : |
24.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
JCC LEDERMODEN VERTRIEBS-GMBH |
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Registered Office : |
Sirnauer Str. 52 D 73779 Deizisau |
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Country : |
Germany |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
1984 |
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Com. Reg. No.: |
HRB 212322 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
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No. of Employee : |
30 |
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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|
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Payment Behaviour : |
Slow but correct |
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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 |
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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 |
JCC
LEDERMODEN VERTRIEBS-GMBH
Company Status: active
Sirnauer Str. 52
D 73779 Deizisau
Telephone:07153/83290
Telefax: 07153/832910
Homepage: www.jcc.de
E-mail: info@jcc.de
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1984
Shareholders'
agreement: 09.11.1989
Registered on: 20.02.1990
Commercial Register: Local court 70190 Stuttgart
under: HRB
212322
EUR 51,130.00
Shareholder:
Horst Christel
Im Sonnenwinkel 24
D 73733 Esslingen
born: 08.04.1959
Share: EUR 25,565.00
Shareholder:
Walter Christel
Im Köpfen 27
D 73732 Esslingen
born: 08.04.1959
Share: EUR 25,565.00
Manager:
Horst Christel
Im Sonnenwinkel 24
D 73733 Esslingen
having sole power of
representation
born: 08.04.1959
Profession: Businessman
Marital status: married
Manager:
Walter Christel
Im Köpfen 27
D 73732 Esslingen
having sole power of
representation
born: 08.04.1959
Profession: Businessman
Marital status: married
Proxy:
Stefan Geiger
D 73269 Hochdorf
having sole power of representation
born: 22.07.1968
Further functions/participations of Horst
Christel (Manager)
General partner:
Horst Christel, Walter
Christel
Sirnauer Str. 52
D 73779 Deizisau
Legal form: Partnership
under the Civil Code
General partner:
Walter Christel, Horst
Christel
Sirnauer Str. 52
D 73779 Deizisau
Post Box:
11 08, D 73777 Deizisau
Legal form: Partnership
under the Civil Code
Limited partner:
Christel Neckartaler
Fleischwaren GmbH & Co.
KG
Waldstr. 42
D 73773 Aichwald
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 270,000.00
contribution:
Share: EUR 30,000.00
Registered
on: 12.03.1985
Reg. data: 70190 Stuttgart, HRA 211698
Limited partner:
black-i GmbH & Co. KG
Sirnauer Str. 52
D 73779 Deizisau
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 2,000.00
contribution:
Share: EUR 667.00
Registered
on: 03.08.2010
Reg. data: 70190 Stuttgart, HRA 725402
Shareholder:
"La bella"
Handelsagentur und Vertrieb von
Nonfood u. Foodartikeln
GmbH
Sirnauer Str. 52
D 73779 Deizisau
Legal form: Private limited company
Share capital: EUR 25,566.00
Share: EUR 12,783.00
Registered
on: 20.04.1993
Reg. data: 70190 Stuttgart, HRB 212756
Shareholder:
black-i
Verwaltungsgesellschaft mbH
Sirnauer Str. 52
D 73779 Deizisau
Legal form: Private limited
company
Share capital: EUR 25,000.00
Share: EUR 8,333.00
Registered
on: 02.08.2010
Reg. data: 70190 Stuttgart, HRB 734506
Manager:
"La bella"
Handelsagentur und Vertrieb von
Nonfood u. Foodartikeln
GmbH
Sirnauer Str. 52
D 73779 Deizisau
Legal form: Private
limited company
Share capital: EUR 25,566.00
Registered
on: 20.04.1993
Reg. data: 70190 Stuttgart, HRB 212756
Manager:
black-i
Verwaltungsgesellschaft mbH
Sirnauer Str. 52
D 73779 Deizisau
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 02.08.2010
Reg. data: 70190 Stuttgart, HRB 734506
Further functions/participations of Walter
Christel (Manager)
General partner:
Horst Christel, Walter
Christel
Sirnauer Str. 52
D 73779 Deizisau
Legal form: Partnership
under the Civil Code
General partner:
Walter Christel, Horst
Christel
Sirnauer Str. 52
D 73779 Deizisau
Post Box:
11 08, D 73777 Deizisau
Legal form: Partnership
under the Civil Code
Limited partner:
Christel Neckartaler
Fleischwaren GmbH & Co.
KG
Waldstr. 42
D 73773 Aichwald
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR 270,000.00
contribution:
Share: EUR 30,000.00
Registered
on: 12.03.1985
Reg. data: 70190 Stuttgart, HRA 211698
Limited partner:
black-i GmbH & Co. KG
Sirnauer Str. 52
D 73779 Deizisau
Legal form: Ltd partnership
with priv. ltd.
company as
general partner
Total cap. EUR 2,000.00
contribution:
Share: EUR 667.00
Registered
on: 03.08.2010
Reg. data: 70190 Stuttgart, HRA 725402
Shareholder:
"La bella"
Handelsagentur und Vertrieb von
Nonfood u. Foodartikeln
GmbH
Sirnauer Str. 52
D 73779 Deizisau
Legal form: Private
limited company
Share capital: EUR 25,566.00
Share: EUR 12,783.00
Registered
on: 20.04.1993
Reg. data: 70190 Stuttgart, HRB 212756
Shareholder:
black-i
Verwaltungsgesellschaft mbH
Sirnauer Str. 52
D 73779 Deizisau
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 8,333.00
Registered
on: 02.08.2010
Reg. data: 70190 Stuttgart, HRB 734506
Manager:
"La bella"
Handelsagentur und Vertrieb von
Nonfood u. Foodartikeln
GmbH
Sirnauer Str. 52
D 73779 Deizisau
Legal form: Private
limited company
Share capital: EUR 25,566.00
Registered
on: 20.04.1993
Reg. data: 70190 Stuttgart, HRB 212756
Manager:
black-i
Verwaltungsgesellschaft mbH
Sirnauer Str. 52
D 73779 Deizisau
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 02.08.2010
Reg. data: 70190 Stuttgart, HRB 734506
01.01.1984 - 09.11.1989 " Walter Christel "
Zollbergstr. 62-64
D 73734 Esslingen
Unregistered
commercial enterprise
Main
industrial sector
4642
Wholesale of clothing and footwear
47710
Retail sale of clothing
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 Sirnauer Str. 52
D 73779 Deizisau
Land register documents were not available.
KREISSPARKASSE ESSLINGEN-NÜRTINGEN, 73702
ESSLINGEN AM NECKAR
Sort. code: 61150020
BIC: ESSLDE66XXX
VOLKSBANK ESSLINGEN, 73704 ESSLINGEN AM NECKAR
Sort. code: 61190110
BIC: GENODES1ESS
Turnover: 2014 *EUR 3,780,000.00
Profit: 2013 EUR 93,903.00
further business figures:
Equipment: *EUR 216,000.00
Ac/ts receivable: EUR 3,380,048.00
Liabilities: EUR 6,186,603.00
Employees:
30
-
Trainees: 3
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 [%]: 18.92
Liquidity ratio: 0.63
Return on total capital [%]: 1.39
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 24.42
Liquidity ratio: 0.58
Return on total capital [%]: 1.17
Balance
sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 19.45
Liquidity ratio: 0.70
Return on total capital [%]: 1.47
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 14.98
Liquidity ratio: 0.98
Return on total capital [%]: 3.24
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 6,743,991.72
Fixed
assets EUR 281,408.00
Intangible assets
EUR 9,887.00
Tangible assets
EUR 271,521.00
Current assets
EUR 6,455,616.88
Stocks
EUR 3,048,936.76
Accounts receivable
EUR 3,380,048.43
Liquid means
EUR 26,631.69
Remaining other assets
EUR 6,966.84
Accruals (assets)
EUR 6,966.84
LIABILITIES EUR 6,743,991.72
Shareholders' equity
EUR 523,161.83
Capital EUR 51,130.00
Subscribed capital (share capital)
EUR 51,130.00
Balance sheet profit/loss (+/-)
EUR 472,031.83
Profit / loss brought forward
EUR 378,128.80
Annual surplus / annual deficit
EUR 93,903.03
Provisions
EUR 34,227.02
Liabilities
EUR 6,186,602.87
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 4,781,463.01
Fixed assets
EUR 336,349.00
Intangible
assets EUR 10,665.00
Tangible assets
EUR 325,684.00
Current assets
EUR 4,442,114.21
Stocks
EUR 2,335,334.00
Accounts receivable
EUR 2,071,828.62
Liquid means
EUR 34,951.59
Remaining other assets
EUR 2,999.80
Accruals (assets)
EUR 2,999.80
LIABILITIES EUR 4,781,463.01
Shareholders' equity
EUR 429,258.80
Capital
EUR 51,130.00
Subscribed capital (share capital)
EUR 51,130.00
Balance sheet profit/loss (+/-)
EUR 378,128.80
Profit / loss brought forward
EUR 322,171.38
Annual surplus / annual deficit
EUR 55,957.42
Provisions EUR 21,700.00
Liabilities
EUR 4,330,504.21
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.35 |
|
|
1 |
Rs.100.66 |
|
Euro |
1 |
Rs.70.47 |
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
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Report Prepared
by : |
ANK |
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.