MIRA
INFORM REPORT
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Report Date : |
01.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
QVC Handel
GmbH |
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Registered Office : |
Plockstr.
30, 40221 Düsseldorf, Post Box 10 41 30 |
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Country : |
Germany |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
1998 |
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Com. Reg. No.: |
HRB 36381 |
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Legal Form : |
Private
Limited Company |
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Line of Business : |
Non-specialized
wholesale of raw materials, semi-finished and finished goods Other Retail
in Non-Specialized Stores |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
EUR 250.000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
QVC Handel GmbH
Plockstr. 30
40221 Düsseldorf
Post Box: 10 41 30
Telephone: 0211/3007-0
Telefax: 0211/3007-100
Homepage: www.qvc.de
E-Mail: kundenservice@qvc.com
VAT no.
DE812584189
CONCLUSION
The maximum credit is EUR 250.000,00.
Business relations are permissible.
LEGAL FORM
Private limited company
Date of foundation
1998
Shareholders' agreement
28.07.1998
Registered on
02.09.1998
Commercial Register
Local court 40213 DÜSSELDORF
Under
HRB 36381
Share capital
EUR 26.100,00
Shareholder
QVC Deutschland Inc. & Co. KG
Plockstr. 30
Post Box: 10 41 30
40221 Düsseldorf
Legal form: Ltd partnership with priv. ltd. Company as General
partner
Total cap. contribution: EUR
26.000,00
Share: EUR 26.100,00
Reg. Data: 14.06.2006
HRA 18735
40213 DÜSSELDORF
Turnover: EUR 700.499.489,00
Employees: 3.600
Control and profit transfer agreement
Manager
Neal S. Grabell
USA - West Chester, Pennsylvania
having sole power of representation
born 31.05.1955
Occupation: Businessman
Nation.: American
Manager
Dr. Ulrich Flatten
Rütger-von-Scheven-Str. 51b
52349 Düren
having sole power of representation
born 29.11.1956
Manager
Robert Kendig
40210 Düsseldorf
authorized to jointly represent the company
born 23.02.1947
Occupation: Businessman
Proxy
Jens Steen
40221 Düsseldorf
authorized to jointly represent the company
born 29.05.1969
Proxy
Thomas Müller
10587 Berlin
authorized to jointly represent the company
born 15.09.1967
Further functions/participations of Neal
S. Grabell (Manager)
Manager:
QVC EDV-Service GmbH
Plockstr. 30
40221 Düsseldorf
Legal form: Private limited company
dissolved
Share capital: EUR 25.564,59
Reg. Data: 06.05.1997
HRB 34568
40213 DÜSSELDORF
Manager:
QVC Call Center Verwaltungs-GmbH
Plockstr. 30
40221 Düsseldorf
Legal form: Private limited company
Share capital: EUR 26.000,00
Reg. Data: 17.09.1998
HRB 36448
40213 DÜSSELDORF
Manager:
QVC Grundstücksverwaltungs GmbH
Plockstr. 30
40221 Düsseldorf
Legal form: Private limited company
Share capital: EUR 25.000,00
Reg. Data: 10.01.2002
HRB 41804
40213 DÜSSELDORF
Manager:
iQVC GmbH
Plockstr. 30
40221 Düsseldorf
Legal form: Private limited company
Share capital: EUR 25.000,00
Reg. Data: 15.01.2002
HRB 41834
40213 DÜSSELDORF
Manager:
QVC Studio GmbH
Plockstr. 30
Post Box: 10 41 30
40221 Düsseldorf
Legal form: Private limited company
Share capital: EUR 26.000,00
Reg. Data: 07.09.1998
HRB 36404
40213 DÜSSELDORF
Further functions/participations of
Ulrich Flatten (Manager)
Manager:
QVC Management GmbH
Plockstr. 30
40221 Düsseldorf
Legal form: Private limited company
Share capital: EUR 25.000,00
Reg. Data: 10.05.2006
HRB 53977
40213 DÜSSELDORF
Manager:
QVC EDV-Service GmbH
Plockstr. 30
40221 Düsseldorf
Legal form: Private limited company
dissolved
Share capital: EUR 25.564,59
Reg. Data: 06.05.1997
HRB 34568
40213 DÜSSELDORF
Manager:
QVC Call Center Verwaltungs-GmbH
Plockstr. 30
40221 Düsseldorf
Legal form: Private limited company
Share capital: EUR 26.000,00
Reg. Data: 17.09.1998
HRB 36448
40213 DÜSSELDORF
Manager:
QVC Grundstücksverwaltungs GmbH
Plockstr. 30
40221 Düsseldorf
Legal form: Private limited company
Share capital: EUR 25.000,00
Reg. Data: 10.01.2002
HRB 41804
40213 DÜSSELDORF
Manager:
iQVC GmbH
Plockstr. 30
40221 Düsseldorf
Legal form: Private limited company
Share capital: EUR 25.000,00
Reg. Data: 15.01.2002
HRB 41834
40213 DÜSSELDORF
Manager:
QVC Studio GmbH
Plockstr. 30
Post Box: 10 41 30
40221 Düsseldorf
Legal form: Private limited company
Share capital: EUR 26.000,00
Reg. Data: 07.09.1998
HRB 36404
40213 DÜSSELDORF
Proxy:
QVC eService Inc. & Co. KG
Quellhofstr. 67
34127 Kassel
Legal form: Ltd partnership with priv. ltd. Company as General
partner
Total cap. contribution: EUR
25.000,00
Reg. Data: 24.07.2001
HRA 10077
34117 KASSEL
Further functions/participations of
Robert Kendig (Manager)
Manager:
QVC Studio GmbH
Plockstr. 30
Post Box: 10 41 30
40221 Düsseldorf
Legal form: Private limited company
Share capital: EUR 26.000,00
Reg. Data: 07.09.1998
HRB 36404
40213 DÜSSELDORF
BUSINESS HISTORY
28.09.2000
QVC Handel GmbH
Kaistr. 7-9
40221 Düsseldorf
Private limited company
BUSINESS ACTIVITIES
51901
Non-specialized wholesale of raw materials, semi-finished and
finished goods
5212
OTHER RETAIL IN NON-SPECIALIZED STORES
BRANCHES AND FACTORIES
Branch:
QVC Handel GmbH
Kaistr. 7-9
40221 Düsseldorf
FINANCIAL INFORMATION
Payment experience: takes
advantage of cash discount
REAL ESTATE
Type of ownership: Tenant
Address Plockstr. 30
40221 Düsseldorf
Land register documents were not available.
BANKERS
WESTLB DÜSSELDORF, DÜSSELDORF
Sort. code: 30050000, Account No: 5006911
FIGURES
Financial year: 01.01. - 31.12.
Turnover: 2005 EUR
630.000.000,00
2006 EUR 674.000.000,00
Share capital: EUR 26.100,00
Employees:
3.350
Control and
profit transfer agreement with:
QVC Deutschland Inc. & Co. KG
40221 Düsseldorf
Approximate figures are given.
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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 and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)