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MIRA INFORM REPORT
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Report No. : |
505256 |
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Report Date : |
20.04.2018 |
IDENTIFICATION DETAILS
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Name : |
ZIP&FRIENDS GMBH & CO. KG |
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Registered Office : |
Otto-Volger-Str. 9b, D 65843 Sulzbach |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
01.04.2010 |
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Com. Reg. No.: |
HRA 47130 |
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Legal Form : |
Ltd partnership with priv. ltd.
company as general partner |
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Line of Business : |
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Manufacture
of other textiles n.e.c. ·
Agents
involved in the sale of textiles, apparel, footwear and leatherware ·
Wholesale of
textiles ·
Activities of
holding companies |
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No. of Employees : |
Not available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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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 Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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 a large increase in 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 economic 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. The German Government introduced a minimum wage in 2015 that increased to $9.79 (8.84 euros) in January 2017.
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 2017 Germany reached a budget surplus of 0.7%. 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 during 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 largely with renewable energy, which accounted for 29.5% of gross electricity consumption in 2016, 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. Domestic consumption, investment, and exports are likely to drive German GDP growth in 2018, and the country’s budget and trade surpluses are likely to remain high.
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Source
: CIA |
Company name and address
Report on: zip&friends GmbH & Co. KG
Company Status: active
Otto-Volger-Str. 9b
D 65843 Sulzbach
Telephone:06106/6259280
Telefax:
06106/6259288
Homepage: www.zipandfriends.com
E-mail:
info@zipandfriends.com
VAT
no.: DE271627561
Tax
ID number: 046 386 30178
CONCLUSION Business
relations are permissible.
Company
summery
LEGAL FORM Ltd partnership with priv. ltd.
company as general partner
Date of foundation: 01.04.2010
Registered on: 09.10.2012
Register of
companies: Local
court 60313 Frankfurt
under: HRA 47130
Total cap. contribution: EUR 2,000.00
Limited partner:
Matthias Altfeld
Sperberstr. 99a
D 65812 Bad Soden
born: 31.03.1970
Share: EUR 2,000.00
General partner:
zipitbag Verwaltung GmbH
Otto-Volger-Str. 9b
D 65843 Sulzbach
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered on: 14.12.2012
Reg. data: 60313
Frankfurt, HRB 95396
Shareholder:
zip&friends GmbH
& Co. KG
Otto-Volger-Str. 9b
D 65843 Sulzbach
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR 2,000.00
contribution:
Share: EUR 25,000.00
Registered on: 09.10.2012
Reg. data: 60313
Frankfurt, HRA 47130
Manager:
Matthias Altfeld
Sperberstr. 99a
D 65812 Bad Soden
having sole power of
representation
born: 31.03.1970
COMPANY
HISTORY
company name and legal form
19.04.2013 - 14.12.2017 zip&friends GmbH & Co. KG
Otto-Volger-Str. 7a
D 65843 Sulzbach
Ltd partnership with
priv. ltd. company
as general partner
09.10.2012 - 19.04.2013 zipitbag GmbH & Co. KG
Otto-Volger-Str. 7a
D 65843 Sulzbach
Ltd partnership with
priv. ltd. company
as general partner
01.04.2010 - 09.10.2012 zipitbag GmbH & Co. KG
Senefelder Str. 1/F 1
D 63110 Rodgau
Ltd partnership with
priv. ltd. company
as general partner
01.11.2006 - 31.03.2010 zipitbag GbR
Otto-Volger-Str.
7a
D 65843 Sulzbach
Ltd partnership with
priv. ltd. company
as general partner
BUSINESS
ACTIVITIES
Main industrial sector
1399
Manufacture of other textiles n.e.c.
4616
Agents involved in the sale of textiles, apparel, footwear and
leatherware
46410
Wholesale of textiles
6420
Activities of holding companies
PARTICIPATIONS
Shareholder:
zipitbag Verwaltung GmbH
Otto-Volger-Str. 9b
D 65843 Sulzbach
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 14.12.2012
Local court
60313 Frankfurt
HRB 95396
FINANCIAL
INFORMATION
Payment experience: Slow
but Correct
Negative information:We have no negative
information at hand.
Balance sheet year: 2016
REAL ESTATE
Type of ownership: Tenant
Address Otto-Volger-Str. 9b
D 65843 Sulzbach
Real Estate of: zipitbag Verwaltung GmbH
Type of ownership: Tenant
Address Otto-Volger-Str. 9b
D 65843 Sulzbach
Land register documents were not available.
BANKERS
SPARKASSE ODENWALDKREIS, 64704 ERBACH
Sort. code: 50851952, Account no.: 90016718
BIC: HELADEF1ERB, IBAN: DE96508519520090016718
FINANCIAL FIGURES
Liabilities: EUR 258,833.00
The
number of employees is not known.
BALANCE
SHEETS
Balance sheet ratios 01.01.2016 -
31.12.2016(1)
Equity ratio [%]: 28.97
Liquidity ratio: 1.14
Return on total capital [%]: 0.21
Balance sheet ratios 01.01.2015 -
31.12.2015(1)
Equity ratio [%]: 40.37
Liquidity ratio: 1.47
Return on total capital [%]: 0.31
Balance sheet ratios 01.01.2014 -
31.12.2014(1)
Equity ratio [%]: 28.64
Liquidity ratio: 1.28
Return on total capital [%]: 0.29
Balance sheet ratios 01.01.2013 -
31.12.2013(1)
Equity ratio [%]: 0.67
Liquidity ratio: 0.80
Return on total capital [%]: 0.49
(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.
Financials
Type
of balance
sheet: micro balance sheet
Origin of the present
balance sheet: Other
Financial year: 01.01.2016 - 31.12.2016 (2)
ASSETS
EUR 334,077.96
Fixed assets
EUR 93,107.00
Current assets
EUR 224,116.66
Remaining other assets
EUR 16,854.30
Accruals (assets)
EUR 16,854.30
LIABILITIES EUR 334,077.96
Shareholders' equity
EUR 34,339.42
Provisions
EUR 40,905.35
Liabilities
EUR 258,833.19
thereof total due to shareholders
EUR 62,454.40
Type
of balance
sheet: micro balance sheet
Origin of the present
balance sheet: Other
Financial year: 01.01.2015 - 31.12.2015 (2)
ASSETS EUR 217,899.93
Fixed assets
EUR 54,912.00
Current assets
EUR 149,762.70
Remaining other assets EUR 13,225.23
Accruals (assets)
EUR 13,225.23
LIABILITIES EUR 217,899.93
Shareholders' equity
EUR 33,627.92
Provisions
EUR 27,771.35
Liabilities
EUR 156,500.66
thereof total due to shareholders
EUR 54,329.81
(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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.78 |
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1 |
INR 93.42 |
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Euro |
1 |
INR 81.39 |
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Euro |
1 |
INR 81.29 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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VAR |
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Report Prepared
by : |
KET |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.