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Report No. : |
344315 |
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Report Date : |
09.10.2015 |
IDENTIFICATION DETAILS
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Name : |
AKBAR TRADING GMBH |
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Registered Office : |
Am Sandtorkai 27, D 20457 Hamburg |
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Country : |
Germany |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
28.02.1990 |
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Com. Reg. No.: |
HRB 43930 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesale of Textiles. |
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No. of Employees : |
7 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 |
|
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 |
AKBAR
TRADING GMBH
Company Status: active
Am Sandtorkai 27
D 20457 Hamburg
Telephone:040/365181
Telefax: 040/364212
Homepage:
www.akbartrading.de
E-mail: akbartrading@akbartrading.de
VAT
no.: DE118528742
Tax
ID number: 74/886/00197
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1990
Shareholders'
agreement: 28.02.1990
Registered on: 28.02.1990
Commercial Register: Local court 20355 Hamburg
under: HRB
43930
EUR 25,564.60
Shareholder:
Mohammed Khalil Akbar
Achter de Kark 2
D 21035 Hamburg
Share: EUR 25,564.60
Manager:
Mohammed Amin Akbari
Bekkampsweg 14
D 22045 Hamburg
having sole power of
representation
born: 03.01.1959
Profession: Businessman
Negative remark(s) regarding
Mohammed Amin Akbari
Insolvency Proceedings
Local court : 20355 Hamburg
Trustee : Stephan Münzel
Moorfuhrtweg 11
D
22301 Hamburg
Tel. 040/65052590
File No : 68a IK 846/07
Order of institution
of :
04.01.2008
Claims to be filed by :
03.03.2008
Creditors' meeting
- Date of hearing on : 28.01.2009
Insolvency
proceedings revoked
on :
20.02.2009
Exemptn of residual debt
- application of : 04.01.2008
- announcement of : 28.01.2009
- grant on : 05.03.2014
period o. good conduct:
6 years
Main industrial sector
46410
Wholesale of textiles
Payment experience: within periods customary in this trade
Negative information:Negative information
is known to us. We refer you to the legal form data.
Type of ownership: Tenant
Address Am Sandtorkai 27
D 20457 Hamburg
Land register documents were not available.
DEUTSCHE BANK, 20079 HAMBURG
Sort. code: 20070000, Account no.: 3735776
BIC: DEUTDEHHXXX, IBAN: DE41200700000373577600
Turnover: 2015 *EUR 1,225,000.00
Profit: 2013 EUR 57,037.00
2014 EUR -3,240.00
further
business figures:
Equipment: *EUR 49,000.00
Ac/ts receivable: *EUR 357,000.00
Liabilities: EUR 5,710,566.00
Employees: 7
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(1)
Equity ratio [%]: 1.27
Liquidity
ratio: 1.01
Return on total capital [%]: -0.06
Balance sheet ratios 01.01.2013 -
31.12.2013(1)
Equity ratio [%]: 1.40
Liquidity ratio: 1.01
Return on total capital [%]: 1.04
Balance
sheet ratios 01.01.2012 - 31.12.2012(1)
Equity ratio [%]: 0.98
Liquidity ratio: 1.00
Return on total capital [%]: -1.10
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 2.19
Liquidity ratio: 1.01
Return on total capital [%]: 0.44
(1)
The depth of balance sheet suggests that the company, as a
so-called micro-entity in accordance with art.
267a German
Commercial Code, has availed itself of the facilitations
of the
German Micro-Entities Amending Account Law
(MicBilG) This is why
it
is possible that the resultant reduction of the depth of
presentation in the annual accounts may entail
deviating
calculation methods of the respective balance sheet
ratios and
thus to an altered Solvency Rating [NG] and/or
balance sheet
grade.
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: micro
balance sheet
Origin of the present
balance sheet: electronic
German Federal Gazette
Financial year: 01.01.2014
- 31.12.2014 (2)
ASSETS EUR 5,789,283.17
Fixed assets
EUR 20,505.00
Current assets
EUR 5,768,778.17
LIABILITIES EUR 5,789,283.17
Shareholders' equity
EUR 73,284.32
Provisions
EUR 5,432.99
Liabilities
EUR 5,710,565.86
Type
of balance sheet: micro
balance sheet
Origin of the present
balance sheet: Other
Financial year: 01.01.2013
- 31.12.2013 (2)
ASSETS EUR 5,484,008.22
Fixed assets
EUR 26,361.00
Current assets
EUR 5,457,647.22
Accounts receivable
EUR 0.00
thereof total due from shareholders
EUR 0.00
LIABILITIES EUR 5,484,008.22
Shareholders' equity EUR 76,523.90
Provisions
EUR 5,233.00
Liabilities
EUR 5,402,251.32
(2) The abbreviated depth of presentation of
the annual accounts may be atributed to
application of regulations within the German Micro-Entities Amending Accounting
Law.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.16 |
|
|
1 |
Rs.99.78 |
|
Euro |
1 |
Rs.73.33 |
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
|
|
|
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.