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Report No. : |
343755 |
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Report Date : |
10.10.2015 |
IDENTIFICATION DETAILS
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Name : |
DRAGIMEX HANDELS-AG |
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|
|
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Registered Office : |
Hans-Böckler-Ring 25, D 22851
Norderstedt |
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|
|
|
Country : |
Germany |
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|
|
Financials (as on) : |
31.12.2013 |
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|
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Date of Incorporation : |
26.09.2000 |
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|
|
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Com. Reg. No.: |
HRB 4458 |
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Legal Form : |
Public Limited Company |
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|
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Line of Business : |
·
Wholesale
of leather goods, luggage, giftware and advertising articles · Retail sale via mail-order houses or Internet |
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|
No. of Employees : |
30 |
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 |
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Status : |
Satisfactory |
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|
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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 |
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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 |
DRAGIMEX
HANDELS-AG
Company Status: active
Hans-Böckler-Ring 25
D 22851 Norderstedt
Telephone:040/5001700
Telefax: 040/50017080
Homepage:
www.dragimex.de
E-mail: info@dragimex.de
VAT no.: DE813017449
Business relations are permissible.
LEGAL FORM Public
limited company
Registered on: 26.09.2000
Commercial Register: Local court 24114 Kiel
under: HRB
4458 NO
EUR 120,000.00
Shareholder:
Manfred Hoffmann
An Deroy 16
D 76726 Germersheim
born: 16.07.1960
Shareholder:
Carolin Gonschorek
Saselbekstr. 107
D 22393 Hamburg
born: 12.09.1968
Member
of the Board of Directors:
Manfred Hoffmann
An Deroy 16
D 76726 Germersheim
having sole power of
representation
born: 16.07.1960
Marital status: single
Member of the Board of Directors:
Carolin Gonschorek
Saselbekstr. 107
D 22393 Hamburg
having sole power of
representation
born: 12.09.1968
President of the Supervisory Board:
Ronald Lebelt
Von-Suppe-Str. 51
D 22145 Hamburg
born: 28.12.1965
Profession: Tax adviser
Vice-president of the Supervisory Board:
Heiko Wagner
D 23869 Elmenhorst
born: 11.08.1960
Member of the Supervisory Board:
Heimke Krämer
Volksdorfer Weg 223
D 22393 Hamburg
Further functions/participations of Manfred
Hoffmann (Member of
the
Board of Directors)
General partner:
Manfred Hoffmann Barbara
Keller
Klosterstr. 12
D 67360 Lingenfeld
Legal form: Partnership
under the Civil Code
Shareholder:
STILKONTOR GmbH
Liebigstr. 81
D 22113 Hamburg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 13.06.2014
Reg. data: 20355 Hamburg, HRB 132229
Further functions/participations of Carolin
Gonschorek (Member of
the
Board of Directors)
Limited partner:
DVSL
Immobiliengesellschaft mbH & Co. KG
Bramfelder Chaussee 100
D 22177 Hamburg
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 1,250,000.00
contribution:
Share: EUR 150,000.00
Registered
on: 28.01.2010
Reg. data: 20355 Hamburg, HRA 111138
Shareholder:
STILKONTOR GmbH
Liebigstr. 81
D 22113 Hamburg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 13.06.2014
Reg. data: 20355 Hamburg, HRB 132229
Sectors
46493
Wholesale of leather goods, luggage, giftware and advertising articles
4791
Retail sale via mail-order houses or Internet
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2013
Type of ownership: Tenant
Address Hans-Böckler-Ring
25
D 22851 Norderstedt
Land register documents were not available.
HSH
NORDBANK HAMBURG, 20095 HAMBURG
Sort.
code: 20050000
BIC: HSHNDEHH200
Ac/ts receivable: EUR 436,344.00
Liabilities: EUR 659,846.00
Total numbers of vehicles: 2
-
Passenger cars:
2
Employees:
30
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 78.06
Liquidity
ratio: 10.00
Return on total capital [%]: -6.69
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 81.75
Liquidity ratio: 10.00
Return on total capital [%]: 0.23
Balance
sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 81.92
Liquidity ratio: 10.00
Return on total capital [%]: 10.71
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 87.59
Liquidity
ratio: 10.00
Return on total capital [%]: 5.12
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 4,525,631.09
Fixed
assets EUR 152,776.50
Intangible assets
EUR 13,931.00
Tangible assets
EUR 138,845.50
Current assets
EUR 4,110,117.13
Stocks
EUR 1,944,472.97
Accounts receivable
EUR 436,344.44
Liquid means
EUR 1,729,299.72
Remaining other assets
EUR 262,737.46
Accruals (assets)
EUR 16,417.43
Active difference from asset
offsetting
EUR 246,320.03
LIABILITIES EUR 4,525,631.09
Shareholders'
equity EUR 3,534,215.20
Capital
EUR 120,000.00
Subscribed capital (share capital)
EUR 120,000.00
Reserves
EUR 2,401,365.00
Retained earnings / revenue reserves EUR 2,401,365.00
Balance sheet profit/loss (+/-)
EUR 1,012,850.20
Balance sheet profit / loss
EUR 1,012,850.20
Provisions
EUR 324,141.31
Liabilities
EUR 659,845.98
Other liabilities
EUR 7,428.60
Deferred taxes (not included under
provisions/liabilities)
EUR 7,428.60
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 4,673,565.29
Fixed assets
EUR 115,586.00
Intangible assets
EUR 12,405.00
Other / unspecified intangible assetsEUR 12,405.00
Tangible assets
EUR 103,181.00
Other tangible assets / fixtures and
fittings
EUR 103,181.00
Current assets
EUR 4,314,038.97
Stocks
EUR 1,992,954.86
Accounts receivable
EUR 892,867.58
Other debtors and assets
EUR 892,867.58
Liquid means
EUR 1,428,216.53
Remaining other assets
EUR 243,940.32
Accruals (assets)
EUR 10,864.33
Active difference from asset
offsetting
EUR 233,075.99
LIABILITIES EUR 4,673,565.29
Shareholders'
equity EUR 3,836,379.64
Capital
EUR 120,000.00
Subscribed capital (share capital)
EUR 120,000.00
Reserves
EUR 3,201,365.00
Retained earnings / revenue reserves EUR 3,201,365.00
Balance sheet profit/loss (+/-)
EUR 515,014.64
Balance sheet profit / loss
EUR 515,014.64
Provisions
EUR 235,011.70
Liabilities
EUR 589,877.85
Other liabilities
EUR 589,877.85
Unspecified other liabilities
EUR 589,877.85
Other liabilities EUR 12,296.10
Deferred taxes (not included under
provisions/liabilities)
EUR 12,296.10
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 3,187,494.97
Staff expenses
EUR 1,315,853.02
Wages and salaries
EUR 1,115,110.31
Social security contributions and
expenses for pension plans and
benefits EUR 200,742.71
Total depreciation
EUR 52,502.06
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 52,502.06
Other operating expenses
EUR 1,802,909.79
Operating result from continuing
operations
EUR 16,230.10
Interest result (+/-)
EUR 9,534.96
Interest and similar income
EUR 12,066.36
Interest and similar expenses
EUR 2,531.40
Financial result (+/-)
EUR 9,534.96
Result from ordinary operations (+/-)
EUR 25,765.06
Income
tax / refund of income tax (+/-)EUR
-13,696.26
Other taxes / refund of taxes
EUR -1,557.00
Tax
(+/-)
EUR -15,253.26
Annual surplus / annual deficit
EUR 10,511.80
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.78 |
|
|
1 |
Rs.99.54 |
|
Euro |
1 |
Rs.73.08 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
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.