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Report No. : |
346019 |
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Report Date : |
24.10.2015 |
IDENTIFICATION DETAILS
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Name : |
DIAMONDGROUP GMBH |
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Registered Office : |
Kastorbachstr. 14 D 56330 Kobern-Gondorf |
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Country : |
Germany |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
26.08.2009 |
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Com. Reg. No.: |
HRB 21759 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Manufacture of jewelry and related
articles (except imitation jewelry)
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No. of Employee : |
14 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 : |
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
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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Germany |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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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.
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Source
: CIA |
DIAMONDGROUP
GMBH
Company Status: active
Kastorbachstr. 14
D 56330 Kobern-Gondorf
Telephone:02607/9737821
Telefax: 02607/9737840
Homepage:
www.dg-jewelry.de
E-mail: info@dg-jewelry.de
VAT
no.: DE266491614
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 26.08.2009
Shareholders'
agreement: 26.08.2009
Registered on: 21.09.2009
Commercial Register: Local court 56068 Koblenz
under: HRB 21759
EUR 100,000.00
Shareholder:
Frank Heringer
Hauptstr. 14a
D 55767 Siesbach
born: 04.04.1969
Share: EUR 80,000.00
Shareholder:
Anke Schmidt
D 56330 Kobern-Gondorf
born: 25.05.1978
Share: EUR 20,000.00
Manager:
Frank Heringer
Hauptstr. 14a
D 55767 Siesbach
having sole power of
representation
born: 04.04.1969
Marital status: married
Manager:
Anke Schmidt
D 56330 Kobern-Gondorf
having sole power of
representation
born: 25.05.1978
Further functions/participations of Frank
Heringer (Manager)
Shareholder:
BHL Schmuck GmbH
Hauptstr. 14
D 55767 Siesbach
Legal form: Private
limited company
dissolved
by official decree
Share capital: EUR 30,677.52
Share: EUR 15,338.76
Registered
on: 14.10.1996
Reg. data: 55543 Bad Kreuznach, HRB 10922
Liquidator:
BHL Schmuck GmbH
Hauptstr. 14
D 55767 Siesbach
Legal form: Private
limited company
dissolved by
official decree
Share capital: EUR 30,677.52
Registered
on: 14.10.1996
Reg. data: 55543 Bad Kreuznach, HRB 10922
Main industrial sector
3212
Manufacture of jewelry and related articles (except
imitation jewelry)
Secondary industrial sector
4648
Wholesale of clocks and watches and jewelry
Payment experience: within periods customary in this trade
Negative information:We have no negative
information at hand.
Balance sheet year: 2014
REAL ESTATE
Type of ownership: Tenant
Address Kastorbachstr. 14
D 56330 Kobern-Gondorf
Real Estate of: Frank Heringer
Type of ownership: proprietor
Share: 100.00 %
Address Hauptstr. 14
D 55767 Siesbach
Type of real estate: residential and business location
Land register documents were not available.
VOLKSBANK HUNSRÜCK-NAHE, 55469 SIMMERN,
HUNSRÜCK
Sort. code: 56061472, Account no.: 6764466
BIC: GENODED1KHK, IBAN: DE93560614720006764466
Turnover: 2014 *EUR 2,170,000.00
Profit: 2013 EUR 610,741.00
2014 EUR 530,269.00
further business figures:
Equipment: *EUR 112,000.00
Ac/ts receivable: EUR 2,982,450.00
Liabilities: EUR 3,169,858.00
Total numbers of vehicles: 1
-
Passenger cars: 1
Total value of vehicles: EUR 48,000.00
-
Passenger cars:
EUR 48,000.00
Employees:
14
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 [%]: 50.85
Liquidity ratio: 1.03
Return
on total capital [%]: 7.49
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 44.23
Liquidity ratio: 0.98
Return on total capital [%]: 8.73
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 40.49
Liquidity ratio: 1.07
Return on total capital [%]: 12.41
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 34.01
Liquidity ratio: 1.14
Return
on total capital [%]: 13.46
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 7,094,518.25
Fixed assets
EUR 281,985.00
Intangible assets
EUR 23,585.00
Tangible assets
EUR 258,400.00
Current assets
EUR 6,751,272.85
Stocks EUR 3,586,000.00
Accounts receivable
EUR 2,982,449.75
Liquid means
EUR 182,823.10
Remaining other assets
EUR 61,260.40
Accruals
(assets) EUR 61,260.40
LIABILITIES EUR 7,094,518.25
Shareholders' equity
EUR 3,518,586.51
Capital
EUR 100,000.00
Subscribed capital (share capital)
EUR 100,000.00
Balance sheet profit/loss (+/-)
EUR 3,418,586.51
Profit / loss brought forward
EUR 2,888,317.57
Annual surplus / annual deficit
EUR 530,268.94
Provisions
EUR 406,073.53
Liabilities
EUR 3,169,858.21
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 7,012,210.09
Fixed assets
EUR 311,032.00
Intangible assets EUR 30,974.00
Other / unspecified intangible assetsEUR 30,974.00
Tangible assets
EUR 280,058.00
Other tangible assets / fixtures and
fittings
EUR 280,058.00
Current assets
EUR 6,620,410.53
Stocks
EUR 3,177,000.00
Accounts receivable
EUR 3,428,322.30
Other debtors and assets EUR 3,428,322.30
Liquid means
EUR 15,088.23
Remaining other assets
EUR 80,767.56
Accruals (assets)
EUR 80,767.56
LIABILITIES EUR 7,012,210.09
Shareholders' equity
EUR 2,988,317.57
Capital
EUR 100,000.00
Subscribed capital (share capital)
EUR 100,000.00
Balance sheet profit/loss (+/-)
EUR 2,888,317.57
Profit / loss brought forward
EUR 2,277,576.21
Annual surplus / annual deficit
EUR 610,741.36
Provisions
EUR 397,192.10
Liabilities
EUR 3,626,700.42
Financial debts
EUR 1,213,675.15
Liabilities due to banks
EUR 1,213,675.15
Other liabilities
EUR 2,413,025.27
Unspecified other liabilities
EUR 2,413,025.27
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Gross result (+/-)
EUR 2,743,280.64
Staff expenses EUR 823,704.21
Wages and salaries
EUR 749,932.32
Social security contributions and
expenses for pension plans and
benefits
EUR 73,771.89
Total depreciation
EUR 72,227.36
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 72,227.36
Other operating expenses
EUR 930,444.36
Operating result from continuing
operations
EUR 916,904.71
Interest result (+/-)
EUR -85,690.09
Interest and similar income
EUR 210.00
Interest and similar expenses
EUR 85,900.09
Financial result (+/-)
EUR -85,690.09
Result from ordinary operations (+/-)
EUR 831,214.62
Income tax / refund of income tax (+/-)EUR -218,775.86
Other taxes / refund of taxes
EUR -1,697.40
Tax
(+/-)
EUR -220,473.26
Annual surplus / annual deficit
EUR 610,741.36
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.64.88 |
|
|
1 |
Rs.99.89 |
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Euro |
1 |
Rs.72.06 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
ANK |
RATING EXPLANATIONS
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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 |
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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 |
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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.