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Report No. : |
339463 |
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Report Date : |
04.09.2015 |
IDENTIFICATION DETAILS
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Name : |
OUTLAST EUROPE GMBH |
|
|
|
|
Registered Office : |
In den Seewiesen
26/1, D 89520 Heidenheim |
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|
|
|
Country : |
Germany |
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|
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Financials (as on) : |
31.12.2013 |
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Year of Establishment : |
2002 |
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|
|
|
Legal Form : |
Private limited company |
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|
|
|
Line of Business : |
·
Distribution of phase
change materials, fashion apparel, active wear, safety, and work apparel. ·
Other
manufacturing n.e.c. ·
Agents
involved in the sale of other goods n.e.c. ·
Other
professional, scientific and technical activities n. e. c. · Other business support service activities n. e. c. |
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|
|
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No of Employees : |
15 |
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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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, has 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 5.3% in 2013. The new German government introduced a minimum wage of $11 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%. 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. 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 hopes to replace nuclear power with renewable energy. 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.
|
Source
: CIA |
OUTLAST EUROPE GMBH
In den
Seewiesen 26/1
D 89520
Heidenheim
Telephone: 07321/272270
Telefax: 07321/2722710
Homepage: www.outlast-europe.de
E-mail: info@outlast-europe.com
Active
DE813466932
Business relations are permissible.
LEGAL FORM
Private limited company
Date of foundation: 2002
Shareholders'
agreement: 15.01.2002
Registered on: 28.05.2002
Commercial Register: Local court 89073 Ulm
under: HRB
661689
EUR 50,000.00
Shareholder:
Colheim GmbH & Co. KG
In den Seewiesen 26/1
D 89520 Heidenheim
Legal form: Ltd
partnership with priv. ltd.
company as general partner
Total cap. EUR 30,000.00
contribution:
Share: EUR 50,000.00
Registered on: 05.11.2013
Reg. data: 89073 Ulm, HRA
723723
Profit transfer agreement
Manager:
Martin Bentz
Schumannstr. 22
D 89518 Heidenheim
born: 13.06.1965
Marital status: married
Proxy:
Volker Schuster
D 89551 Königsbronn
having sole power of
representation
born: 26.03.1968
Further functions/participations of Martin
Bentz (Manager)
Manager:
Colheim Verwaltungs GmbH
In den Seewiesen 26/1
D 89520 Heidenheim
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 05.11.2013
Reg. data: 89073 Ulm, HRB 729921
15.01.2002 - 28.05.2002 Wanda
Verwaltungsgesellschaft mbH (HRB
1434 GEI)
Bismarckstr. 17
D 73333 Gingen
Private limited company
28.05.2002 - 2007 Outlast
Europe GmbH
Ploucquetstr. 11
D 89522 Heidenheim
Private limited company
Distribution of phase change materials, fashion
apparel, active wear, safety, and work apparel.
Main
industrial sector
32990 Other manufacturing n.e.c.
Secondary
industrial sector
46189 Agents involved in the sale of other goods
n.e.c.
74900 Other professional, scientific and technical
activities n. e. c.
82999 Other business support service activities n.
e. c.
Payment
experience: within agreed terms
Negative
information: We have no negative
information at hand.
Balance
sheet year: 2013
Type of ownership: Tenant
Address In
den Seewiesen 26/1
D 89520 Heidenheim
Land register documents were not available.
POSTBANK, 70148 STUTTGART
Sort. code: 60010070
BIC: PBNKDEFFXXX
Turnover: 2013 *EUR 2,418,500.00
2014 *EUR 2,418,500.00
further business figures:
Equipment: *EUR 105,000.00
Ac/ts receivable: EUR 1,259,754.00
Liabilities: EUR 282,576.00
Employees:
15
Profit transfer agreement to:
Colheim GmbH & Co. KG
In den Seewiesen 26/1
D 89520 Heidenheim
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
Equity ratio [%]: 84.55
Liquidity ratio: 10.00
Return on total capital [%]: 9.79
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 86.90
Liquidity ratio: 10.00
Return on total capital [%]: -77.98
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 88.48
Liquidity ratio: 10.00
Return on total capital [%]: 19.81
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 77.06
Liquidity ratio: 10.00
Return on total capital [%]: 15.70
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: Company
balance sheet
Financial year: 01.01.2013
- 31.12.2013
ASSETS EUR 3,313,435.66
Fixed assets EUR 143,168.00
Intangible assets EUR 21,346.00
Tangible assets EUR 121,822.00
Current assets EUR 3,139,495.12
Stocks EUR 1,170,500.22
Accounts receivable EUR 1,259,754.20
Liquid means EUR 709,240.70
Remaining other
assets EUR 30,772.54
Accruals (assets) EUR 30,772.54
LIABILITIES EUR 3,313,435.66
Shareholders' equity EUR 2,803,107.95
Capital EUR 50,000.00
Subscribed capital
(share capital) EUR 50,000.00
Balance sheet profit/loss
(+/-) EUR 2,753,107.95
Balance sheet profit /
loss EUR 2,753,107.95
Provisions EUR 227,751.49
Liabilities EUR 282,576.22
Type of balance sheet: Company
balance sheet
Financial year: 01.01.2012 -
31.12.2012
ASSETS EUR 2,852,197.66
Fixed assets EUR 147,198.00
Intangible assets EUR 17,278.00
Tangible assets EUR 129,920.00
Current assets EUR 2,686,519.66
Stocks EUR 1,504,134.71
Accounts receivable EUR 693,772.20
Liquid means EUR 488,612.75
Remaining other
assets EUR 18,480.00
Accruals (assets) EUR 18,480.00
LIABILITIES EUR 2,852,197.66
Shareholders' equity EUR 2,479,745.54
Capital EUR 50,000.00
Subscribed capital
(share capital) EUR 50,000.00
Balance sheet profit/loss
(+/-) EUR 2,429,745.54
Balance sheet profit /
loss EUR 2,429,745.54
Provisions EUR 181,800.00
Liabilities EUR 190,652.12
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 66.23 |
|
|
1 |
Rs. 101.22 |
|
Euro |
1 |
Rs. 74.33 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
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|
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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.