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MIRA INFORM REPORT
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Report No. : |
516337 |
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Report Date : |
22.06.2018 |
IDENTIFICATION DETAILS
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Name : |
AMODEO & SERRA GMBH |
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Registered Office : |
Schillerstr. 24, D 71336 Waiblingen |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
27.02.1997 |
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Com. Reg. No.: |
HRB 263588 |
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Legal Form : |
Private limited company |
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Line of Business : |
·
Cutting, shaping and finishing of stone
n.e.c. ·
Gardening and landscape building |
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No. of Employees : |
18 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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 (31.12.2017) |
Current Rating (01.04.2018) |
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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:
Amodeo & Serra GmbH
Company Status:
active
Schillerstr. 24
D 71336 Waiblingen
Telephone: 07146/44329
Telefax: 07146/44380
Homepage: www.amodeo-serra.de
E-mail: info@amodeo-serra.de
Tax ID number:
90491/00846
COMPANY
SUMMARY
Legal Form
Private limited company
Date of foundation:
27.02.1997
Shareholders'
agreement:
27.02.1997
Registered on:
14.04.1997
Commercial Register: Local
court 70190 Stuttgart
under:
HRB 263588
Share capital:
EUR 25,564.60
Shareholder:
Teresa Amodeo
D 71404 Korb
née: Coppola
Share: EUR 12,782.30
Shareholder:
Francesca Serra
D 71384 Weinstadt
née: Santoro
Share: EUR 12,782.30
Manager:
Natale Amodeo
D 71404 Korb
born: 11.07.1960
Profession: Agrarian technician
Manager:
Natale Serra
D 71384 Weinstadt
Profession: Landscape gardener
BUSINESS
ACTIVITIES
Main industrial sector
23700 Cutting,
shaping and finishing of stone n.e.c.
81301 Gardening
and landscape building
FINANCIAL
INFORMATION
Payment experience:
Slow
Negative information: We
have no negative information at hand.
Balance sheet year:
2016
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.
PMI:
No
significant / relevant payment experience information pertaining to the company
inquired upon is
shown in the Deutscher Debitoren Monitor (DDMonitor).
REAL
ESTATE
Type of ownership:
Tenant
Address
Schillerstr. 24
D 71336 Waiblingen
Land register documents were not available.
BANKERS
VOLKSBANK REMS -ALT-, 71307 WAIBLINGEN
Sort. code: 60290110
BIC: GENODES1VWN
KREISSPARKASSE WAIBLINGEN, 71304 WAIBLINGEN
Sort. code: 60250010
BIC: SOLADES1WBN
FINANCIAL
FIGURES
Profit:
2016 EUR -158,597.00
Liabilities: EUR 1,010,610.00
Employees: 18
BALANCE
SHEETS
Balance sheet ratios 01.01.2016 - 31.12.2016(1)
Equity ratio [%]:
-8.90
Liquidity ratio: 0.90
Return on total capital [%]:
-18.52
Balance sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]:
18.89
Liquidity ratio: 0.23
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]:
17.26
Liquidity ratio: 0.36
Return on total capital [%]:
0.05
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 8.09
Liquidity ratio: 0.33
(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.
Type of balance sheet: micro
balance sheet
Origin of the present balance sheet: electronic
German Federal Gazette
Financial year: 01.01.2016 -
31.12.2016 (2)
ASSETS EUR 1,015,109.80
Fixed assets EUR 16,585.50
Current assets EUR 839,927.36
Remaining other
assets EUR
158,596.94
Deficit not covered by
shareholders'
equity EUR 158,596.94
LIABILITIES EUR 1,015,109.80
Shareholders' equity EUR 0.00
Provisions EUR 4,500.00
Liabilities EUR 1,010,609.80
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 971,625.36
Fixed assets EUR 18,690.50
Tangible assets EUR
18,690.50
Current assets EUR 952,934.86
Stocks EUR 761,132.79
Accounts receivable EUR 181,234.75
Liquid means EUR 10,567.32
LIABILITIES EUR 971,625.36
Shareholders' equity EUR 102,760.14
Provisions EUR 5,000.00
Liabilities EUR 863,865.22
(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 68.20 |
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1 |
INR 89.58 |
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Euro |
1 |
INR 78.79 |
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Euro |
1 |
INR 78.86 |
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 : |
SYL |
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.