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Report No. : |
346376 |
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Report Date : |
27.10.2015 |
IDENTIFICATION DETAILS
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Name : |
WOPKE SHIPPING & LOGISTIK GMBH |
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Registered Office : |
Heinz-Lücke-Str.
26 D 29525 Uelzen |
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Country : |
Germany |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
27.01.2011 |
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Com. Reg. No.: |
HRB 203060 |
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Legal Form : |
Private limited company |
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Line of Business : |
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No. of Employees : |
2 |
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 : |
Small Company |
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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) |
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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.
|
Source
: CIA |
Wopke Shipping & Logistik GmbH
Main
address: Heinz-Lücke-Str. 26
D 29525 Uelzen
Telephone:0581/2085661
Telefax:
0581/2085662
Homepage: www.wopke-shipping.de
E-mail:
info@wopke-shipping.de
Head office: Heinz-Lücke-Str.
26
D 29525 Uelzen
Company
Status: active
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 27.01.2011
Shareholders'
agreement: 27.01.2011
Registered on: 14.03.2011
Commercial Register: Local court 21335 Lüneburg
under: HRB
203060
Share capital: EUR 25,000.00
Shareholder:
Olga Wopke
Heinz-Lücke-Str. 26
D 29525 Uelzen
born: 01.07.1977
Share: EUR 25,000.00
Manager:
Olga Wopke
Heinz-Lücke-Str. 26
D 29525 Uelzen
having sole power of
representation
born: 01.07.1977
Further functions/participations of Olga Wopke
(Manager)
Shareholder:
BEKKER UG
(haftungsbeschränkt)
Heinz-Lücke-Str. 26
D 29525 Uelzen
Legal form: Entrepreneur
Company (limited liability)
Share capital: EUR 500.00
Share: EUR 500.00
Registered
on: 11.06.2013
Reg. data: 21335 Lüneburg, HRB 204390
14.03.2011 - 26.09.2011 Wopke
Shipping & Logistik UG
(haftungsbeschränkt)
Zimmermannstr. 10
D
29525 Uelzen
Entrepreneur Company
(limited liability)
Sectors
46189 Agents involved in the sale of other goods
n.e.c.
52299 Service activities incidental to
transportation n.e.c.
Payment
experience: within agreed terms
Negative
information: We have no negative
information at hand.
PMI: No significant / relevant payment experience
information pertaining to the company
inquired
upon is shown in the Deutscher
Debitoren Monitor (DDMonitor).
Balance sheet year: 2013
Type of ownership: Tenant
Address Heinz-Lücke-Str.
26
D 29525 Uelzen
Land register documents were not available.
HAMBURGER SPARKASSE, 20454 HAMBURG
Sort. code: 20050550
BIC: HASPDEHHXXX
Turnover: 2014 *EUR 330,000.00
Equipment: *EUR 17,000.00
Ac/ts receivable: *EUR 33,000.00
Liabilities: EUR 25,789.00
Employees:
2
- Temporary workers: 1
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(1)
Equity ratio [%]: 40.20
Liquidity ratio: 2.36
Balance sheet ratios 01.01.2012 -
31.12.2012(1)
Equity ratio [%]: 19.07
Liquidity ratio: 1.31
Return on total capital [%]: 11.41
Balance sheet ratios 27.01.2011 - 31.12.2011
Equity ratio [%]: 5.23
Liquidity ratio: 1.08
Return on total capital [%]: 1.70
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.
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.
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:
Other
Financial year: 01.01.2013
- 31.12.2013 (2)
ASSETS EUR 61,146.87
Fixed assets EUR 257.00
Current assets EUR 60,869.36
Remaining other
assets EUR 20.51
Accruals (assets) EUR 20.51
LIABILITIES EUR 61,146.87
Shareholders' equity EUR 24,583.89
Provisions EUR 10,773.64
Liabilities EUR 25,789.34
Type of balance sheet: micro balance sheet
Origin of the present balance sheet:
Other
Financial year: 01.01.2012
- 31.12.2012 (2)
ASSETS EUR 173,506.03
Fixed assets EUR 697.00
Current assets EUR 172,809.03
Accounts receivable EUR 0.00
thereof total due from
shareholders EUR 752.10
LIABILITIES EUR 173,506.03
Shareholders' equity EUR 33,693.23
Provisions EUR 8,843.79
Liabilities EUR 130,969.01
thereof total due to
shareholders EUR 0.00
(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.64.96 |
|
|
1 |
Rs.99.54 |
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Euro |
1 |
Rs.71.64 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
DPT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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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.