|
Report No. : |
351754 |
|
Report Date : |
26.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
CALMAGS GMBH |
|
|
|
|
Registered Office : |
Stadtkoppel 26, D 21337 Lüneburg |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
01.06.1999 |
|
|
|
|
Com. Reg. No.: |
HRB 1960 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
·
Manufacture
of other chemical products n.e.c. ·
Wholesale
of chemical products |
|
|
|
|
No. of Employees : |
14 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 |
CALMAGS
GMBH
Company Status: active
Stadtkoppel 26
D 21337 Lüneburg
Telephone:04131/87214-0
Telefax: 04131/87214-14
Homepage: www.calmags.com
E-mail: info@calmags.de
DE812677562
33/211/00918
Business relations are permissible.
LEGAL FORM
Private limited company
Date of foundation: 1999
Begin of business
activities: 01.04.1999
Shareholders'
agreement: 26.03.1999
Registered on: 01.06.1999
Commercial Register: Local court 21335 Lüneburg
under:
HRB 1960
EUR 50,400.00
Shareholder:
Andreas Graap
Am Walde 7
D 21397 Barendorf
born: 25.01.1963 in Hamburg
Share: EUR 10,100.00
Shareholder:
Harald Wetzer
Breslauer Str. 21
D 21337 Lüneburg
born: 07.04.1955 in
Hamburg
Share: EUR 10,100.00
Shareholder:
Cornelia von Bloh
Itzenbütteler Mühlenweg
41
D 21227 Bendestorf
born: 31.10.1969 in
Hamburg
née: Fiedler
Share: EUR 10,100.00
Shareholder:
Thomas Schulz
Seyerberg 25
D 29553 Bienenbüttel
born: 25.04.1973 in
Uelzen
Share: EUR 10,100.00
Shareholder:
Dr. Paul Lohmann GmbH KG.
Hauptstr. 2
D 31860 Emmerthal
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR 5,100,000.00
contribution:
Share: EUR 10,000.00
Registered on: 01.01.1961
Reg. data: 30175
Hannover, HRA 100045
Manager:
Andreas Graap
Am Walde 7
D 21397 Barendorf
having sole power of
representation
born: 25.01.1963 in
Hamburg
Profession: Businessman
Marital status: married
Manager:
Harald Wetzer
Breslauer Str. 21
D 21337 Lüneburg
authorized to jointly
represent the company
born: 07.04.1955 in
Hamburg
Profession: Businessman
Marital status: married
Manager:
Cornelia von Bloh
Itzenbütteler Mühlenweg
41
D 21227 Bendestorf
having sole power of
representation
born: 31.10.1969 in
Hamburg
née: Fiedler
Marital status: married
Manager:
Thomas Schulz
Seyerberg 25
D 29553 Bienenbüttel
having sole power of
representation
born: 25.04.1973 in Uelzen
Profession: Businessman
Proxy:
Janning Lange
D 29559 Wrestedt
having sole power of
representation
born: 22.10.1971
01.04.1999 - 30.03.2002 Calmags GmbH
Stadtkoppel 41-43
D 21337 Lüneburg
Private limited
company
Sectors
20590
Manufacture of other chemical products n.e.c.
46750
Wholesale of chemical products
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).
Type of ownership: Tenant
Address Stadtkoppel
26
D 21337 Lüneburg
Land register documents were not available.
Principal bank
SPARKASSE LÜNEBURG, 21309 LÜNEBURG
Sort. code: 24050110, Account no.: 14316
BIC: NOLADE21LBG, IBAN: DE24240501100000014316
Further bank
UNICREDIT BANK - HYPOVEREINSBANK, 21335
LÜNEBURG
Sort. code: 20030000, Account no.: 613545110
BIC: HYVEDEMM300, IBAN: DE32200300000613545110
Turnover: 2013 EUR
6,200,000.00
2014 EUR 6,200,000.00
Profit: 2013 EUR 116,471.00
2014 EUR 70,833.00
further business figures:
Ac/ts receivable: EUR 823,316.00
Liabilities: EUR 1,126,138.00
Employees:
14
Balance
sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 43.93
Liquidity ratio: 0.92
Return on total capital [%]: 3.46
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 47.77
Liquidity ratio: 1.13
Return on total capital [%]: 6.02
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 51.12
Liquidity ratio: 1.39
Return on total capital [%]: 15.08
Balance
sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 46.61
Liquidity ratio: 1.93
Return on total capital [%]: 16.62
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 2,051,789.78
Fixed assets
EUR 49,257.50
Intangible assets
EUR 4,496.50
Tangible assets EUR 44,761.00
Current assets
EUR 1,931,003.11
Stocks
EUR 932,633.34
Accounts receivable
EUR 823,316.44
Other debtors and assets
EUR 823,316.44
Liquid means
EUR 175,053.33
Remaining other assets
EUR 71,529.17
Accruals (assets)
EUR 71,529.17
LIABILITIES EUR 2,051,789.78
Shareholders' equity
EUR 846,675.50
Capital
EUR 50,400.00
Subscribed capital (share capital)
EUR 50,400.00
Reserves
EUR 1,138.22
Capital reserves
EUR 1,138.22
Balance sheet profit/loss (+/-)
EUR 795,137.28
Profit / loss brought forward
EUR 724,304.49
Annual surplus / annual deficit
EUR 70,832.79
Provisions
EUR 78,976.00
Liabilities
EUR 1,126,138.28
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 1,936,609.78
Fixed assets EUR 70,171.00
Intangible assets
EUR 6,962.00
Tangible assets
EUR 63,209.00
Current assets
EUR 1,791,095.71
Stocks EUR 779,349.14
Accounts receivable
EUR 950,816.36
Liquid means
EUR 60,930.21
Remaining other assets
EUR 75,343.07
Accruals (assets)
EUR 75,343.07
LIABILITIES EUR 1,936,609.78
Shareholders' equity
EUR 875,842.71
Capital
EUR 50,400.00
Subscribed capital (share capital)
EUR 50,400.00
Reserves
EUR 1,138.22
Capital reserves
EUR 1,138.22
Balance sheet profit/loss (+/-)
EUR 824,304.49
Profit / loss brought forward
EUR 707,833.82
Annual surplus / annual deficit
EUR 116,470.67
Provisions
EUR 110,965.00
Liabilities
EUR 949,802.07
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.38 |
|
|
1 |
Rs.100.45 |
|
Euro |
1 |
Rs.70.55 |
INFORMATION DETAILS
|
Analysis Done by
: |
HEE |
|
|
|
|
Report Prepared
by : |
NIT |
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.