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MIRA
INFORM REPORT
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Report No. : |
506506 |
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Report Date : |
30.04.2018 |
IDENTIFICATION DETAILS
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Name : |
MOON RACK GMBH |
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Registered Office : |
Burghölzle
2-4 D 79576 Weil am Rhein |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
25.02.2004 |
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Com. Reg. No.: |
HRB 413513 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Subject is engaged in Retail sale of leatheware
and baggage ·
Other service activities n. e. c. |
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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 : |
Good |
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Payment Behaviour : |
Regular |
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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
Moon
Rack GmbH
Company
Status: active
Burghölzle 2-4
D 79576 Weil am Rhein
Telephone:07621/9159950
Telefax:
07621/9159951
Homepage:
www.moon-shop.com
E-mail:
info@moon-shop.com
LEGAL
FORM Private limited company
Registered
on: 25.02.2004
Commercial
Register: Local court 79098 Freiburg
under: HRB
413513
Share
capital:
EUR 25,000.00
Shareholder:
Max Schild AG
Oberalpstr 78
CH 4054 Basel
Legal form: Other legal
form
Share: EUR 25,000.00
Manager:
Beat Schild
CH Binningen
having sole power of
representation
born: 10.10.1965
Nationality: Swiss
Manager:
Alpin Civeleker
CH Basel
born: 20.08.1967
Nationality: Swiss
COMPANY HISTORY
company
name and legal form
29.05.2006
- 01.01.2012 Moon Rack GmbH
Hegenheimer Str. 5
D 79576 Weil am Rhein
Private limited
company
BUSINESS ACTIVITIES
Sectors
47722 Retail sale of leatheware and baggage
96090 Other service activities n. e. c.
FINANCIAL INFORMATION
Payment
experience: Regular
Negative
information:We have no negative information at hand.
The maximum credit is our
recommendation for
the maximum credit limit
for the inquired
company.
Events
Index: 1
At present, NO events are
known.
The Events Index indicates
if any particular
events have occurred, such
as e.g. a
relocation of registered
office or a change
within management. On the
basis of number,
relevance and
up-to-dateness of the events
an index value ranging
from 1 (no events) to
5 is calculated. Companies
showing a
particularly large number
of events receive
the index 6.
REAL ESTATE
Type
of ownership: Tenant
Address Burghölzle 2-4
D 79576 Weil am Rhein
Land
register documents were not available.
BANKERS
A
bank connection is unknown.
FINANCIAL
FIGURES
Profit: 2016 EUR 49,361.00
Ac/ts
receivable: EUR 259,091.00
Liabilities: EUR
1,525,376.00
The
number of employees is not known.
BALANCE SHEETS
Balance
sheet ratios 01.01.2016 - 31.12.2016
Equity
ratio [%]: 95.81
Liquidity
ratio: 10.00
Return
on total capital [%]: 2.71
Balance
sheet ratios 01.01.2015 - 31.12.2015
Equity
ratio [%]: 93.41
Liquidity
ratio: 10.00
Return
on total capital [%]: 1.43
Balance
sheet ratios 01.01.2014 - 31.12.2014
Equity
ratio [%]: 93.16
Liquidity
ratio: 10.00
Return
on total capital [%]: 1.49
Balance
sheet ratios 01.01.2013 - 31.12.2013
Equity
ratio [%]: 92.82
Liquidity
ratio: 10.00
Return
on total capital [%]: 1.27
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: 01.01.2016 - 31.12.2016
ASSETS EUR 1,820,062.32
Fixed assets EUR 150,190.00
Intangible assets EUR 1.00
Tangible assets EUR 150,189.00
Current assets EUR 1,669,872.32
Stocks EUR 1,318,700.33
Accounts receivable EUR 259,090.74
Liquid means EUR 92,081.25
LIABILITIES EUR 1,820,062.32
Shareholders' equity EUR 259,643.24
Capital EUR 25,000.00
Subscribed capital (share capital) EUR 25,000.00
Balance sheet profit/loss (+/-) EUR 234,643.24
Profit / loss brought forward EUR 185,281.84
Annual surplus / annual deficit EUR 49,361.40
Provisions EUR 35,042.96
Liabilities EUR 1,525,376.12
Other liabilities EUR 0.00
Unspecified other liabilities EUR 0.00
thereof liabilities from tax /
financial authorities EUR 1,932.21
Type
of balance
sheet: Company balance sheet
Origin
of the present
balance
sheet: electronic German Federal
Gazette
Financial
year: 01.01.2015 - 31.12.2015
ASSETS EUR 2,066,352.04
Fixed assets EUR 242,326.00
Intangible assets EUR 1.00
Tangible assets EUR 242,325.00
Current assets EUR 1,824,026.04
Stocks EUR 1,404,721.15
Accounts receivable EUR 245,558.03
Liquid means EUR 173,746.86
LIABILITIES EUR 2,066,352.04
Shareholders' equity EUR 210,281.84
Capital EUR 25,000.00
Subscribed capital (share capital) EUR 25,000.00
Balance sheet profit/loss (+/-) EUR 185,281.84
Profit / loss brought forward EUR 155,667.29
Annual surplus / annual deficit EUR 29,614.55
Provisions EUR 33,861.52
Liabilities EUR 1,822,208.68
Other liabilities EUR 0.00
Unspecified other liabilities EUR 0.00
thereof liabilities from tax /
financial authorities EUR 47,860.19
thereof liabilities from social
security EUR 0.00
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 66.78 |
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1 |
INR 92.89 |
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Euro |
1 |
INR 80.74 |
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Euro |
1 |
INR 8.49 |
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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NIS |
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Report Prepared
by : |
DNS |
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.