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MIRA INFORM REPORT
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Report No. : |
488483 |
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Report Date : |
02.02.2018 |
IDENTIFICATION DETAILS
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Name : |
MADNESS THE NATURE TEXTILE COMPANY GMBH |
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Registered Office : |
Moorweg 12 D 21261 Welle |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
09.01.2009 |
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Com. Reg. No.: |
HRB 201656 |
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Legal Form : |
Private limited company |
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Line of Business : |
·
Wholesale of textiles ·
Non-specialized wholesale trade |
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No. of Employees : |
5 |
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 : |
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
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Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
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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 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, bolstered by low energy prices and a weak euro, and exports are likely to drive German GDP growth again in 2018.
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Source
: CIA |
Company
name and address
MADNESS THE
NATURE TEXTILE COMPANY GmbH
Moorweg 12
D 21261 Welle
Telephone:04188/894911
Telefax: 04188/891420
Homepage: www.madness-online.com
E-mail:
info@madness-online.com
Company
Status
Active
VAT
no.
DE263034283
Company
summery
LEGAL FORM Private limited company
Date of foundation: 09.01.2009
Shareholders'
agreement: 09.01.2009
Registered on: 12.03.2009
Commercial Register: Local
court 21255 Tostedt
under: HRB 201656
Share capital: EUR 25,000.00
Shareholder:
Matthias Warnke
Moorweg
12
D 21261
Welle
born:
21.11.1959
Share: EUR 25,000.00
Manager:
Matthias Warnke
Moorweg
12
D 21261
Welle
having
sole power of representation
born:
21.11.1959
Profession: Businessman
Marital
status: married
BUSINESS
ACTIVITIES
Main industrial sector
46410 Wholesale of
textiles
Secondary industrial sector
46903 Non-specialized
wholesale trade
FINANCIAL
INFORMATION
Payment experience: No Complaints
Negative information: We
have no negative information at hand.
Balance sheet year: 2016
REAL
ESTATE
Type of ownership: Tenant
Address Moorweg 12
D 21261 Welle
Land register documents were not available.
BANKERS
VOLKSBANK LÜNEBURGER HEIDE, 21412 WINSEN (LUHE)
Sort. code: 24060300
BIC: GENODEF1NBU
FINANCIAL
FIGURES
Turnover:
2016 *EUR 1,258,500.00
Profit:
2016 EUR 31,825.00
Equipment: *EUR 30,000.00
Ac/ts receivable: EUR 96,032.00
Liabilities: EUR 245,305.00
Employees:
5
The business figures marked with an asterisk are estimates based
on average values in the
line of business.
BALANCE SHEETS
Balance sheet ratios 01.01.2016
- 31.12.2016
Equity ratio [%]:
42.47
Liquidity ratio:
0.39
Return on total capital [%]:
6.40
Balance sheet ratios 01.01.2015
- 31.12.2015
Equity ratio [%]:
34.17
Liquidity ratio:
0.27
Return on total capital [%]:
2.84
Balance sheet ratios 01.01.2014
- 31.12.2014
Equity ratio [%]:
31.12
Liquidity ratio:
0.48
Return on total capital [%]:
3.54
Balance sheet ratios 01.01.2013
- 31.12.2013
Equity ratio [%]:
34.59
Liquidity ratio:
0.40
Return on total capital [%]:
8.69
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 497,452.72
Fixed assets EUR 18,251.70
Intangible assets EUR 70.00
Tangible assets EUR 18,087.16
Financial assets EUR 94.54
Current assets EUR 379,009.85
Stocks EUR 282,952.90
Accounts receivable EUR 96,031.50
Liquid means EUR 25.45
Remaining other assets EUR 100,191.17
Accruals (assets) EUR 100,191.17
LIABILITIES EUR 497,452.72
Shareholders' equity EUR 211,271.02
Capital EUR 25,000.00
Subscribed capital (share capital) EUR 25,000.00
Balance sheet profit/loss (+/-) EUR 186,271.02
Profit / loss brought forward EUR 154,446.52
Annual surplus / annual deficit EUR 31,824.50
Provisions EUR 40,876.86
Liabilities EUR 245,304.84
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 524,971.57
Fixed assets EUR 25,962.71
Intangible assets EUR 115.00
Tangible assets EUR 25,753.17
Financial assets EUR 94.54
Current assets EUR 382,020.45
Stocks EUR 298,229.86
Accounts receivable EUR 83,756.75
Liquid means EUR 33.84
Remaining other assets EUR 116,988.41
Accruals (assets) EUR 116,988.41
LIABILITIES EUR 524,971.57
Shareholders' equity EUR 179,446.52
Capital EUR 25,000.00
Subscribed capital (share capital) EUR 25,000.00
Balance sheet profit/loss (+/-) EUR 154,446.52
Profit / loss brought forward EUR 139,520.61
Annual surplus / annual deficit EUR 14,925.91
Provisions EUR 30,567.12
Liabilities EUR 314,957.93
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.61 |
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1 |
INR 89.32 |
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Euro |
1 |
INR 78.95 |
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Euro |
1 |
INR 80.09 |
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 : |
TRU |
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.