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Report Date : |
08.09.2012 |
IDENTIFICATION DETAILS
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Name : |
GLOBUS LOGISTIK GMBH & CO.KG |
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Registered Office : |
Leipziger Str. 8 D 66606 St. Wendel |
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Country : |
Germany |
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Date of Incorporation : |
22.12.2006 |
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Com. Reg. No.: |
HRA 10086 |
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Legal Form : |
Ltd partnership with priv. ltd. company as general partner |
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Line of Business : |
Other service activities |
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No. of Employees : |
Not Available |
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RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Germany |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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
GLOBUS Logistik
GmbH & Co.KG
Company
Status: active
Leipziger Str. 8
D 66606 St. Wendel
Telephone:06851/909-0
Telefax: 06851/909-600
Homepage: www.globus.net
DE250416438
The company is
considered solvent for credits within its scope of business.
LEGAL FORM Ltd
partnership with priv. ltd. company as
general partner
Registered
on: 22.12.2006
Register of
companies: Local
court 66121 Saarbrücken
under: HRA
10086
EUR 50,000.00
GLOBUS Logistik und Service GmbH
Leipziger Str. 8
D 66606 St. Wendel
Legal form: Private limited company
Share capital: EUR 2,000,000.00
Share: EUR 50,000.00
Registered on: 16.01.1998
Reg. data: 66121 Saarbrücken, HRB 81263
General partner:
GLOBUS Logistik Geschäftsführungs-GmbH
Leipziger Str. 8
D 66606 St. Wendel
Legal form: Private limited company
Share capital: EUR 26,000.00
Registered on: 19.12.2006
Reg. data: 66121 Saarbrücken, HRB 16110
Thomas Bruch
Welvertstr. 5
D 66606 St. Wendel
born: 25.04.1950
Share: EUR 26,000.00
Thomas Bruch
Welvertstr. 5
D 66606 St. Wendel
having sole power of representation
born: 25.04.1950
Profession: Fully qualified merchant
Property regime: Separation of property
Marital status: married
Manager:
Franz Schmitt
Zahlweg 8
D 66687 Wadern
having sole power of representation
born: 27.05.1956
Profession: Industrial manager
Manager:
Johannes Scupin
2 Allee des Melezes
F 57350 Spicheren
having sole power of representation
born: 12.08.1957
Manager:
Norbert Schillo
D 66538 Neunkirchen
having sole power of representation
born: 23.09.1967
Sectors
96090 Other service activities n. e. c.
Branch:
GLOBUS Logistik GmbH & Co. KG
Globusallee
D 55411 Bingen
Branch:
GLOBUS Logistik GmbH & Co. KG
Neue Str. 4
D 04626 Löbichau
TEL.: 036602/50030
Payment
experience: within agreed terms
Negative
information:We have no negative information at hand.
Type of
ownership: Tenant
Address Leipziger Str. 8
D 66606 St. Wendel
Real Estate
of: GLOBUS Logistik Geschäftsführungs-GmbH
Type of
ownership: Tenant
Address Leipziger Str. 8
D 66606 St. Wendel
Land register
documents were not available.
ST. WENDELER
VOLKSBANK, ST. WENDEL, SAAR
Sort. code:
59291000, BIC: GENODE51WEN
COMMERZBANK,
SAARBRÜCKEN
Sort. code:
59040000, BIC: COBADEFF590
Financial
year: 01.07. - 30.06.
The number of
employees is not known.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.52 |
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|
1 |
Rs.88.49 |
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Euro |
1 |
Rs.70.20 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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 |
|
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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.