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MIRA INFORM REPORT
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Report No. : |
516278 |
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Report Date : |
22.06.2018 |
IDENTIFICATION DETAILS
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Name : |
JVM INDUSTRIES GMBH |
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Registered Office : |
Feldheider Str. 76-78, D 40699 Erkrath |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
1988 |
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Com. Reg. No.: |
HRB 13193 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
· Manufacture of other textiles n.e.c. · Agents involved in the sale of machines (except agricultural machineryand office machinery) and industrial supplies n.e.c. · Wholesale of other equipment and accessories for machinery and technical supplies |
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No. of Employees : |
7 |
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 (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 & address
JVM INDUSTRIES GMBH
Company Status: active
Main address: Feldheider Str. 76-78
D 40699 Erkrath
Telephone:02104/35678
Telefax: 02104/33930
Homepage: www.jvm-industries.de
E-mail: info@jvm-industries.de
Legal office: Am Weinbusch 3a
D 40699 Erkrath
VAT no.: DE121643225
Tax ID number: 147/5840/0146
LEGAL FORM Private Limited Company
Date of foundation: 1988
Registered on: 10.07.1991
Commercial Register: Local court 42103 Wuppertal
under: HRB 13193
Share capital: EUR 76,693.78
Shareholder:
Jürgen Rockstedt
Carl-von-Ossietzky-Str. 1
D 40699 Erkrath
born: 09.12.1965
Share: EUR 38,346.89
Shareholder:
Michael Rockstedt
Fröbelstr. 14a
D 40699 Erkrath
born: 05.06.1968
Share: EUR 38,346.89
Manager:
Jürgen Rockstedt
Carl-von-Ossietzky-Str. 1
D 40699 Erkrath
having sole power of representation
born: 09.12.1965
Profession: Businessman
Marital status: unknown
Proxy:
Michael Rockstedt
Fröbelstr. 14a
D 40699 Erkrath
having sole power of representation
born: 05.06.1968
Profession: Businessman
Marital status: unknown
Further functions/participations of Jürgen Rockstedt (Manager)
Proprietor:
Jürgen Rockstedt
Feldheider Str. 76-78
D 40699 Erkrath
Legal form: Unregistered commercial
enterprise
COMPANY
HISTORY
company name and legal form
10.07.1991 - 07.2003 JVM Industries GmbH
Am Weinbusch 3a
D 40699 Erkrath
Private limited company
1988 - 09.07.1991 Jürgen Rockstedt
Am Weinbusch 3a
D 40699 Erkrath
Unregistered commercial enterprise
BUSINESS
ACTIVITIES
Main industrial sector
13990 Manufacture of other textiles n.e.c.
46141 Agents involved in the sale of machines (except agricultural machineryand office machinery) and industrial supplies n.e.c.
46693 Wholesale of other equipment and accessories for machinery and technical supplies
FINANCIAL
INFORMATION
Payment experience: No Complaints
Negative information: We have no negative information at hand.
Balance sheet year: 2016
PMI: No significant / relevant payment experience
information pertaining to the company
inquired upon is shown in the Deutscher
Debitoren Monitor (DDMonitor).
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 Feldheider Str. 76-78
D 40699 Erkrath
Land register documents were not available.
BANKERS
KREISSPARKASSE DÜSSELDORF, 40699 ERKRATH
Sort. code: 30150200
BIC: WELADED1KSD
DEUTSCHE BANK, 40189 DÜSSELDORF
Sort. code: 30070010
BIC: DEUTDEDDXXX
STADTSPARKASSE DÜSSELDORF, 40001 DÜSSELDORF
Sort. code: 30050110
BIC: DUSSDEDDXXX
FINANCIAL
FIGURES
Profit: 2016 EUR 109,962.00
Ac/ts
receivable:
EUR 153,207.00
Liabilities: EUR 115,344.00
Employees:
7
BALANCE
SHEETS
Balance sheet ratios 01.01.2016 - 31.12.2016
Equity ratio [%]: 47.65
Liquidity ratio: 10.00
Return on total capital [%]: 11.48
Balance sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]: 48.96
Liquidity ratio: 10.00
Return on total capital [%]: 17.72
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 60.56
Liquidity ratio: 10.00
Return on total capital [%]: 7.50
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 52.05
Liquidity ratio: 6.67
Return on total capital [%]: 7.87
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 957,467.88
Fixed assets EUR 123,769.70
Tangible assets EUR 123,769.70
Current assets EUR 831,987.46
Stocks EUR 122,981.73
Accounts receivable EUR 153,206.56
Liquid means EUR 555,799.17
Remaining other assets EUR 1,710.72
Accruals (assets) EUR 1,710.72
LIABILITIES EUR 957,467.88
Shareholders' equity EUR 456,217.59
Capital EUR 76,693.78
Subscribed capital (share capital)
EUR 76,693.78
Balance sheet profit/loss (+/-) EUR 379,523.81
Profit / loss brought forward EUR 269,562.29
Annual surplus / annual deficit EUR 109,961.52
Provisions EUR 385,906.40
Liabilities EUR 115,343.89
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 1,013,551.11
Fixed assets EUR 172,454.00
Tangible assets EUR 172,454.00
Current assets EUR 839,394.11
Stocks EUR 191,570.16
Accounts receivable EUR 265,779.63
Liquid means EUR 382,044.32
Remaining other assets EUR 1,703.00
Accruals (assets) EUR 1,703.00
LIABILITIES EUR 1,013,551.11
Shareholders' equity EUR 496,256.07
Capital EUR 76,693.78
Subscribed capital (share capital) EUR 76,693.78
Balance sheet profit/loss (+/-) EUR 419,562.29
Profit / loss brought forward EUR 239,983.95
Annual surplus / annual deficit EUR 179,578.34
Provisions EUR 427,478.88
Liabilities EUR 89,816.16
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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EUR |
1 |
INR 78.81 |
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 : |
TPT |
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.