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Report Date : |
18.12.2012 |
IDENTIFICATION DETAILS
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Name : |
TRENDS OSTERMANN GMBH & CO. KG |
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|
|
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Registered Office : |
Fredi-Ostermann-Str. 1, D 58454 Witten |
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|
|
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Country : |
Germany |
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Date of Incorporation : |
08.08.1980 |
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Com. Reg. No.: |
HRA 4811 |
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|
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Legal Form : |
Ltd partnership with priv. ltd. company as general partner |
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Line of Business : |
Retail sale of home furniture |
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|
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No. of Employees : |
120 employees |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
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 declining 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 in 2006 and 2007 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 - and its decrease to 6.0% in 2011. GDP contracted 5.1% in 2009 but grew by 3.6% in 2010, and 2.7% in 2011. The recovery was attributable primarily to rebounding manufacturing orders and exports - increasingly outside the Euro Zone. Germany's central bank projects that GDP will grow 0.6% in 2012, a reflection of the worsening euro-zone financial crisis and the financial burden it places on Germany as well as falling demand for German exports. Domestic demand is therefore becoming a more significant driver of Germany's economic expansion. Stimulus and stabilization efforts initiated in 2008 and 2009 and tax cuts introduced in Chancellor Angela MERKEL's second term increased Germany's budget deficit to 3.3% in 2010, but slower spending and higher tax revenues reduce the deficit to 1.7% in 2011, below the EU's 3% limit. 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. 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 hopes to replace nuclear power with renewable energy. Before the shutdown of the eight reactors, Germany relied on nuclear power for 23% of its energy and 46% of its base-load electrical production.
|
Source : CIA |
Trends Ostermann GmbH
& Co. KG
Fredi-Ostermann-Str. 1
D 58454 Witten
Telephone: 02302/9850
Telefax: 02302/985-2214
Homepage: www.trends.de
E-mail: witten@trends.de
Company Status: active
DE126882396
LEGAL FORM Ltd partnership with priv. ltd. company as
general partner
Registered on: 08.08.1980
Register of
companies: Local court 44787 Bochum
under: HRA 4811
Total cap. contribution: EUR 2,800,000.00
Manfred Ostermann
Annenstr. 120
D 58453 Witten
born: 25.12.1953
Share: EUR 1,120,000.00
Limited partner:
Rolf Ostermann
Annenstr. 120
D 58453 Witten
born: 11.07.1955
Share: EUR 1,120,000.00
Limited partner:
Ingrid Küper-Ostermann
D 58454 Witten
born: 24.10.1949
née: Ostermann
Share: EUR 280,000.00
Limited partner:
Janet Leve-Ostermann
Hackertsbergweg 137a
D 58454 Witten
born: 15.08.1963
née: Ostermann
Share: EUR 280,000.00
Ostermann Handels GmbH
Annenstr. 120
D 58453 Witten
Legal form: Private limited company
Share capital: EUR 30,000.00
Registered on: 14.01.1966
Reg. data: 44787 Bochum, HRB 8818
Manfred Ostermann
Annenstr. 120
D 58453 Witten
born: 25.12.1953
Share: EUR 12,000.00
Shareholder:
Rolf Ostermann
Annenstr. 120
D 58453 Witten
born: 11.07.1955
Share: EUR 12,000.00
Shareholder:
Ingrid Küper-Ostermann
D 58454 Witten
born: 24.10.1949
née: Ostermann
Share: EUR 3,000.00
Shareholder:
Janet Leve-Ostermann
Hackertsbergweg 137a
D 58454 Witten
born: 15.08.1963
née: Ostermann
Share: EUR 3,000.00
Manfred Ostermann
Annenstr. 120
D 58453 Witten
born: 25.12.1953
Profession: Businessman
Marital status: married
Manager:
Rolf Ostermann
Annenstr. 120
D 58453 Witten
born: 11.07.1955
Profession: Businessman
Marital status: married
Hans Tiemann
D 58453 Witten
born: 07.07.1926
Profession: Businessman
Further functions/participations of Hans
Tiemann (General partner)
General partner:
Ostermann Immobilien GmbH & Co.
Kommanditgesellschaft
Annenstr. 118-122
D 58453 Witten
Legal form: Ltd partnership with priv. ltd.
company as general partner
Total cap. EUR 21,000,000.00
contribution:
Registered
on: 08.03.1973
Reg. data: 44787 Bochum, HRA 4555
General partner:
Einrichtungshaus Ostermann Gesellschaft mit
beschränkter Haftung & Co.
Kommanditgesellschaft
Annenstr. 120
D 58453 Witten
Post Box:
62 80
Legal form: Ltd partnership with priv. ltd.
company as general partner
Total cap. EUR 16,000,000.00
contribution:
Registered
on: 02.08.1966
Reg. data: 44787 Bochum, HRA 4959
08.08.1980 - 05.04.1984 Trends Ostermann Kommanditgesellschaft
Annenstr. 118-122
D 58453 Witten
Ltd partnership with priv. ltd. company
as general partner
05.04.1984 - 04.06.1987 Trends Ostermann GmbH & Co. KG
Annenstr. 118-122
D 58453 Witten
Ltd partnership with priv. ltd. company
as general partner
04.06.1987 - 31.05.2001 Trends-Klick-Ostermann GmbH & Co. KG
Annenstr. 118-122
D 58453 Witten
Ltd partnership with priv. ltd. company
as general partner
Sectors
47591 Retail sale of home furniture
Branch:
Trends Ostermann GmbH & Co. KG
Landstr. 40
D 42781 Haan
TEL.: 02104/564803
Branch:
Trends Ostermann GmbH & Co. KG
Annenstr. 120
D 58453 Witten
Branch:
Trends Ostermann GmbH & Co. KG
Ruhrölstr. 1
D 46240 Bottrop
Branch:
Trends Ostermann GmbH & Co. KG
Schmalkalder Str. 14
D 45665 Recklinghausen
TEL.: 02361/9396-0
FAX.: 02361/9396-5224
Payment experience: within agreed terms
Negative information: We have no negative information at hand.
Type of ownership: Tenant
Address Fredi-Ostermann-Str. 1
D 58454 Witten
Real Estate of: Ostermann Handels GmbH
Type of ownership: Tenant
Address Annenstr. 120
D 58453 Witten
Land register documents were not available.
Principal bank
SPARKASSE WITTEN, WITTEN
Sort. code: 45250035, BIC: WELADED1WTN
Further bank
DEUTSCHE BANK, BOCHUM
Sort. code: 43070061, BIC: DEUTDEDE430
Financial year: 01.01. - 31.12.
Turnover: 2010 EUR 15,000,000.00
2011 EUR 16,200,000.00
further business
figures:
Employees:
120
The aforementioned business figures may partly be estimated
information based on average values in the line of business.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.63 |
|
UK Pound |
1 |
Rs.88.40 |
|
Euro |
1 |
Rs.71.86 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.