|
|
|
MIRA INFORM REPORT
|
Report No. : |
501036 |
|
Report Date : |
30.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
DELIFE GMBH |
|
|
|
|
Registered Office : |
Garnstadter Str. 24, D 96237 Ebersdorf |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
30.06.2016 |
|
|
|
|
Date of Incorporation : |
02.01.2008 |
|
|
|
|
Com. Reg. No.: |
HRB 4405 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
· Retail sale of furniture, lighting equipment and other household articles · Retail sale via mail-order houses or Internet |
|
|
|
|
No. of Employees : |
35 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
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.
|
Source
: CIA |
Company
name & address
DELIFE GMBH
Company Status: active
Garnstadter Str. 24
D 96237 Ebersdorf
Telephone:09562/40064-100
Telefax: 09562/40064-101
Homepage: www.delife.eu
E-mail: info@delife.eu
VAT no.: DE258322911
Tax ID number: 212/124/30177
Legal Form: Private Limited Company
Date of foundation: 02.01.2008
Shareholders'
agreement: 02.01.2008
Registered on: 15.01.2008
Commercial Register: Local court 96450 Coburg
under: HRB 4405
Share capital: EUR 50,000.00
Shareholder:
Maximilian Kirchner
Hennebergerweg 1
D 96489 Niederfüllbach
born: 23.12.1980
Share: EUR 25,000.00
Shareholder:
Nicki Kirchner
D 96237 Ebersdorf
born: 29.04.1983
Share: EUR 25,000.00
Manager:
Maximilian Kirchner
Hennebergerweg 1
D 96489 Niederfüllbach
having sole power of representation
born: 23.12.1980
Manager:
Nicki Kirchner
D 96237 Ebersdorf
having sole power of representation
born: 29.04.1983
BUSINESS
ACTIVITIES
Main industrial sector
4759 Retail sale of furniture, lighting equipment and other household articles
4791 Retail sale via mail-order houses or Internet
FINANCIAL
INFORMATION
Payment experience: Regular
Negative information: We have no negative information at hand.
Balance sheet year: 2015/2016
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 Garnstadter Str. 24
D 96237 Ebersdorf
Land register documents were not available.
BANKERS
UNICREDIT BANK - HYPOVEREINSBANK, 96402 COBURG
Sort. code: 78320076, Account no.: 300148999
BIC: HYVEDEMM480, IBAN: DE02783200760300148999
FINANCIAL
FIGURES
Turnover: 2016/2017 *EUR 5,270,000.00
Ac/ts
receivable:
EUR 275,595.00
Liabilities: EUR 1,178,648.00
Employees:
35
- thereof permanent
staff:
30
- Part-time
employees: 2
- Trainees: 3
The business figures marked with an asterisk are estimates based on average values in the line of business.
BALANCE
SHEETS
Balance sheet ratios 01.07.2015 - 30.06.2016
Equity ratio [%]: 62.10
Liquidity ratio: 10.00
Return on total capital [%]: 14.68
Balance sheet ratios 01.07.2014 - 30.06.2015
Equity ratio [%]: 56.19
Liquidity ratio: 1.71
Return on total capital [%]: 21.65
Balance sheet ratios 01.07.2013 - 30.06.2014
Equity ratio [%]: 29.15
Liquidity ratio: 0.42
Return on total capital [%]: 1.77
Balance sheet ratios 01.07.2012 - 30.06.2013
Equity ratio [%]: 29.05
Liquidity ratio: 0.31
Return on total capital [%]: 4.30
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: 01.07.2015 - 30.06.2016
ASSETS EUR 3,599,320.49
Fixed assets EUR 220,533.97
Intangible assets EUR 56,131.97
Tangible assets EUR 164,402.00
Current assets EUR 3,341,104.72
Stocks EUR 1,463,748.08
Accounts receivable EUR 275,595.10
Liquid means EUR 1,601,761.54
Remaining other assets EUR 37,681.80
Accruals (assets) EUR 37,681.80
LIABILITIES EUR 3,599,320.49
Shareholders' equity EUR 2,149,686.05
Capital EUR 50,000.00
Subscribed capital (share capital) EUR 50,000.00
Balance sheet profit/loss (+/-) EUR 2,099,686.05
Balance sheet profit / loss EUR 2,099,686.05
Provisions EUR 270,986.79
Liabilities
EUR 1,178,647.65
Type of balance
sheet: Company balance sheet
Origin of the
present
balance sheet: electronic German Federal Gazette
Financial year: 01.07.2014 - 30.06.2015
ASSETS EUR 3,007,191.48
Fixed assets EUR 286,920.97
Intangible assets EUR 76,110.97
Tangible assets EUR 210,810.00
Current assets EUR 2,705,196.90
Stocks EUR 1,668,444.48
Accounts receivable EUR 407,736.60
Liquid means EUR 629,015.82
Remaining other assets EUR 15,073.61
Accruals (assets) EUR 15,073.61
LIABILITIES EUR 3,007,191.48
Shareholders' equity EUR 1,625,303.20
Capital EUR 50,000.00
Subscribed capital (share capital) EUR 50,000.00
Balance sheet profit/loss (+/-) EUR 1,575,303.20
Balance sheet profit / loss EUR 1,575,303.20
Provisions EUR 433,002.66
Liabilities EUR 948,885.62
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.04 |
|
|
1 |
INR 92.28 |
|
Euro |
1 |
INR 80.62 |
|
EUR |
1 |
INR 80.20 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
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.