|
Report Date : |
08.09.2012 |
IDENTIFICATION DETAILS
|
Correct Name : |
JORG HUGO W. DÜE |
|
|
|
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Registered Office : |
Rosenbergstr. 52a, D
70176 Stuttgart |
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|
|
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Country : |
Germany |
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Date of Incorporation : |
15.10.2006 |
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|
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Com. Reg. No.: |
Not Available |
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|
|
Legal Form : |
Unregistered commercial enterprise |
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|
|
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Line of Business : |
Wholesaler
of paper and paperboard, stationery, office supplies, books, periodicals and
newspapers |
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|
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|
No. of Employees : |
02 employees |
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 |
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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 |
|
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 |
Important Note:
We would like to inform you that the company is not officially registered but its works with the name buro-zubehor-handel Bayer, Bayer Import Export as a trade name.
JOrg Hugo W. Düe
Rosenbergstr. 52a
D 70176 Stuttgart
Telephone: 0711/625941
Telefax: 0711/2220050
Homepage: www.designjet-parts.de
E-mail: bayer@bayer-import-export.de
büro-zubehör-handel Bayer
DE145009390
Business relations are permissible.
LEGAL FORM Unregistered commercial enterprise
Date of foundation: 15.10.2006
Jörg Hugo W. Düe
Jahnstr. 51
D 74321 Bietigheim-Bissingen
born: 03.12.1941
Further functions/participations of Jörg Hugo W. Düe (Proprietor)
Manager:
Pilot Fachmarkt Verwaltungs GmbH
Jahnstr. 51
D
74321 Bietigheim-Bissingen
Legal
form: Private limited company
dissolved by official decree
Share capital: EUR 57,520.34
Registered
on: 25.06.1990
Reg.
data: 70190 Stuttgart, HRB 301084
Manager:
P-Tec
GmbH Polymertechnologie
Schweidnitzer Str. 7
D
76139 Karlsruhe
Legal
form: Private limited company
Share
capital: EUR 40,000.00
Registered
on: 14.04.1999
Reg.
data: 68159 Mannheim, HRB 108536
Manager:
PLT
GmbH
Wichernstr. 2
D
76185 Karlsruhe
Legal
form: Private limited company
dissolved by official decree
Share
capital: EUR 25,000.00
Registered
on: 12.03.1999
Reg.
data: 68159 Mannheim, HRB 108510
Manager:
KONZEPT 3000 GmbH
Karlstr. 31
D
89073 Ulm
Legal
form: Private limited company
dissolved by official decree
Share
capital: EUR 35,000.00
Registered
on: 14.04.2003
Reg.
data: 89073 Ulm, HRB 4743
Manager:
Parkett und Bodenbelag Limburg SL
Diezer
Str. 61
D
65556 Limburg
Legal
form: Other legal form dissolved
Share
capital: EUR 3,010.00
Registered
on: 26.09.2005
Reg.
data: 65549 Limburg, HRB 3827
15.10.2006 - 31.12.2011
Jörg Hugo W. Düe
Hasenbergstr. 86
D 70176 Stuttgart
Unregistered commercial
enterprise
Sectors
·
46494 Wholesale of paper and paperboard,
stationery, office supplies, books,periodicals and
newspapers
Payment experience: within
agreed terms
Negative information: We
have no negative information at hand.
Type of ownership: Tenant
Address Rosenbergstr. 52a
D 70176 Stuttgart
Land register documents were not available.
A bank connection is unknown.
Financial year: 01.01. - 31.12.
Turnover: 2010 EUR 404,000.00
2011 EUR 360,000.00
further business figures:
Equipment: EUR 14,000.00
Ac/ts receivable: EUR 26,000.00
Liabilities: EUR 74,000.00
Employees:
2
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.55.52 |
|
UK Pound |
1 |
Rs.88.49 |
|
Euro |
1 |
Rs.70.20 |
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.