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Report Date : |
27.11.2012 |
IDENTIFICATION DETAILS
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Name : |
HOTELWÄSCHE ERWIN MÜLLER GMBH & CO. KG |
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Registered Office : |
Hettlinger Str. 9, D 86637 Wertingen |
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Country : |
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Date of Incorporation : |
21.08.2007 |
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Com. Reg. No.: |
HRA 16018 |
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Legal Form : |
Limited partnership
with priv. ltd. company as general partner |
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Line of Business : |
Manufacturer
of made-up textiles (except apparel) |
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No. of Employees : |
20 employees |
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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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 – 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 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 |
HotelwAsche
Erwin MUller GmbH & Co. KG
Hettlinger Str. 9
D 86637 Wertingen
Telephone: 01805/807907
Telefax: 01805/807999
Homepage: www.hotelwaesche.de
E-mail: service@hotelwaesche.de
DE256335567
Business relations are permissible.
LEGAL FORM Ltd partnership with priv. ltd. company as general
partner
Date of foundation: 21.08.2007
Begin of business
activities: 01.01.2008
Registered on: 21.08.2007
Register of
companies: Local court 86150 Augsburg
under: HRA 16018
Total cap. contribution:
EUR 100,000.00
Erwin Müller Mail Order Solutions GmbH & Co.
KG
Hettlinger Str. 9
D 86637 Wertingen
Legal form: Ltd partnership with priv. ltd.
company as general partner
Total cap. EUR 25,564.59
contribution:
Share: EUR 100,000.00
Registered on: 30.08.1999
Reg. data: 86150 Augsburg, HRA 13291
Hotelwäsche Erwin Müller Verwaltungs GmbH
Hettlinger Str. 9
D 86637 Wertingen
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered on: 23.11.2007
Reg. data: 86150 Augsburg, HRB 23017
Erwin Müller Mail Order Solutions GmbH & Co.
KG
Hettlinger Str. 9
D 86637 Wertingen
Legal form: Ltd partnership with priv. ltd.
company as general partner
Total cap. EUR 25,564.59
contribution:
Share: EUR 25,000.00
Registered on: 30.08.1999
Reg. data: 86150 Augsburg, HRA 13291
Matthias Ammon
Mohnweg 39
D 90768 Fürth
having sole power of representation
born: 09.07.1971
21.08.2007 - 12.02.2008 H. E. M. GmbH & Co. KG
Hettlinger Str. 9
D 86637 Wertingen
Ltd partnership with
priv. ltd. company
as general partner
Secondary industrial sector
13920 Manufacture of made-up textiles (except
apparel)
46410 Wholesale of textiles
Payment
experience: takes advantage of
cash discount
Negative
information: We have no negative
information at hand.
Type of ownership: Tenant
Address Hettlinger
Str. 9
D 86637 Wertingen
Real Estate of: Hotelwäsche
Erwin Müller Verwaltungs GmbH
Type of ownership: Tenant
Address Hettlinger
Str. 9
D 86637 Wertingen
Land
register documents were not available.
Principal bank
KREIS- UND STADTSPARKASSE DILLINGEN, DILLINGEN A.D.DONAU
Sort. code: 72251520, Account no.: 883999, BIC: BYLADEM1DLG
Further bank
BAYERISCHE LANDESBANK, MÜNCHEN
Sort. code: 70050000, BIC: BYLADEMMXXX
Financial year: 01.01. - 31.12.
Turnover: 2011 EUR 3,000,000.00
Equipment: EUR 180,000.00
Ac/ts receivable: EUR 570,000.00
Liabilities: EUR 950,000.00
Employees:
20
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.55.69 |
|
UK Pound |
1 |
Rs.89.20 |
|
Euro |
1 |
Rs.72.10 |
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 |
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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 |
|
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 |
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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 |
|
<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.