|
Report Date : |
13.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
TVM EUROPE GMBH |
|
|
|
|
Registered Office : |
Harckesheyde 91-93, D 22844 Norderstedt |
|
|
|
|
Country : |
Germany |
|
|
|
|
Date of Incorporation : |
31.01.2011 |
|
|
|
|
Com. Reg. No.: |
HRB 12852 KI |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Agents involved in the sale of other goods |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
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 |
Your inquiry:
TVM Europe GmbH, Rheinpromenade 6, D 40789 Monheim. The subject of your
inquiry is a branch. We are reporting on the headquarters.
TVM Europe GmbH
Harckesheyde 91-93
D 22844 Norderstedt
Telephone:040/943640
LEGAL FORM Private limited company
Date of foundation: 31.01.2011
Shareholders'
agreement: 31.01.2011
Registered on: 19.04.2011
Commercial Register: Local
court 24114 Kiel
under: HRB 12852 KI
Share capital: EUR 25,000.00
LF Europe (Germany) GmbH
Harckesheyde 91-93
D 22844 Norderstedt
Legal form: Private limited company
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered on: 05.01.2009
Reg. data: 24114 Kiel, HRB 10362 KI
Profit transfer agreement
Simon Tal Doyev
8 Hakidma Street
IL 46627 Herzelia
having sole power of representation
born: 16.11.1962
Nationality: Israeli
Manager:
Adi Haft
5 Hasnonit
Street
IL 38900
Caesarea
having sole
power of representation
born:
15.10.1963
Profession:
Businessman
Manager:
Ulf Stefan Brettschneider
D 22844
Norderstedt
having sole
power of representation
born:
10.10.1964
Nationality:
British
Manager:
Spencer
Theodor Fung
HK Hong Kong
having sole
power of representation
born:
19.07.1973
Nationality:
Chinese
Further functions/participations of Simon Tal
Doyev (Manager)
Shareholder:
Lamaloli GmbH
Rheinpromenade 6
D 40789
Monheim
Legal form:
Private limited company
Share
capital: EUR 25,000.00
Share: EUR 12,000.00
Registered
on: 08.11.2007
Reg.
data: 40213 Düsseldorf, HRB 57529
Manager:
Elakari GmbH
Rheinpromenade 6
D 40789 Monheim
Legal form:
Private limited company
Share
capital: EUR 25,000.00
Registered
on: 14.02.2011
Reg.
data: 40213 Düsseldorf, HRB 65061
Proxy:
TVMania GmbH
Rheinpromenade 6
D 40789
Monheim
Legal form:
Private limited company
Share
capital: EUR 3,000,000.00
Registered
on: 01.08.2003
Reg.
data: 40213 Düsseldorf, HRB 48356
Further functions/participations of Adi Haft
(Manager)
Shareholder:
Lamaloli GmbH
Rheinpromenade 6
D 40789
Monheim
Legal form:
Private limited company
Share
capital: EUR 25,000.00
Share: EUR 12,000.00
Registered
on: 08.11.2007
Reg.
data: 40213 Düsseldorf, HRB 57529
Manager:
TVMania GmbH
Rheinpromenade 6
D 40789
Monheim
Legal form:
Private limited company
Share
capital: EUR 3,000,000.00
Registered
on: 01.08.2003
Reg.
data: 40213 Düsseldorf, HRB 48356
Further functions/participations of Ulf Stefan
Brettschneider (Manager)
Manager:
RMS Trading
GmbH
Überseering
22
D 27580
Bremerhaven
Legal form:
Private limited company
Share
capital: EUR 25,000.00
Registered
on: 21.06.2012
Reg.
data: 27580 Bremerhaven, HRB 5753 BHV
Further functions/participations of Spencer
Theodor Fung (Manager)
Manager:
LF Europe
(Germany) GmbH
Harckesheyde
91-93
D 22844
Norderstedt
Legal form:
Private limited company
Share capital: EUR 25,000.00
Registered
on: 05.01.2009
Reg.
data: 24114 Kiel, HRB 10362 KI
31.01.2011 - 19.04.2011 Hauptstadtsee
851. V V GmbH
Friedrichstr. 171
D 10117 Berlin
Private limited
company
Sectors
46189 Agents involved in the
sale of other goods n.e.c.
4641 Wholesale of textiles
46493 Wholesale of leather
goods, luggage, giftware and advertising articles
Branch:
TVM Europe
GmbH
Rheinpromenade 6
D 40789
Monheim
Payment experience: within
agreed terms
Negative information: We have
no negative information at hand.
Type of ownership: Tenant
Address Harckesheyde 91-93
D 22844 Norderstedt
Land register documents were not available.
HSBC TRINKAUS & BURKHARDT, DÜSSELDORF
Sort. code: 30030880, BIC: TUBDDEDDXXX
Financial
year: 08.02. - 31.12.
Share
capital:
EUR 25,000.00
The number of employees is not known.
Profit
transfer agreement to:
LF Europe (Germany) GmbH
Harckesheyde 91-93
D 22844 Norderstedt
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.70 |
|
UK Pound |
1 |
Rs.84.51 |
|
Euro |
1 |
Rs.68.16 |
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.