MIRA INFORM REPORT

 

 

Report Date :

22.09.2012

 

 

IDENTIFICATION DETAILS

 

Name :

CENTRAL-IMPORT MÜNSTER GMBH & CO.

 

 

Registered Office :

Grevener Damm 238-244, D 48282 Emsdetten

 

 

Country :

Germany

 

 

Date of Incorporation :

05.06.1960

 

 

Com. Reg. No.:

HRA 3242

 

 

Legal Form :

Ltd partnership with priv. ltd. company as general partner

 

 

Line of Business :

Wholesale of food

 

 

No. of Employees :

12

 

 

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

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 – 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

 

 

Company name

 

Central-Import Münster GmbH & Co. Kommanditgesellschaft

 

 

Company address

 

Grevener Damm 238-244

D 48282 Emsdetten

Telephone:        02572/9440

Telefax:             02572/944200

Homepage:        www.central-import.com

E-mail:              info@central-import.com

 

 

VAT no        

 

DE126045731

 

 

CONCLUSION

 

Business relations are permissible.

 

 

Synthesis

 

LEGAL FORM               Ltd partnership with priv. ltd. company as

                                    general partner

 Date of foundation:        1774

 Begin of business

 activities:                                  1960

 Registered on:              05.06.1960

 Register of

 companies:                  Local court 48565 Steinfurt

 under:                                      HRA 3242

 

Total cap. contribution:  EUR            100,000.00

 

Limited partner

 

Ratio Handel Gesellschaft mit beschränkter

Haftung

Egbert-Snoek-Str. 1

D 48155 Münster

Legal form: Private limited company

Share capital:     EUR         26,000,000.00

Share:             EUR             50,000.00

Registered on: 08.07.1947

Reg. data: 48149 Münster, HRB 169

 

 Limited partner:

                      Hendrik Snoek

                      Gremmendorfer Weg 77

                      D 48167 Münster

                      born: 02.04.1948 in Münster, Westfalen

                      Share:             EUR             27,000.00

 Limited partner:

                      Elke Gräfin zu Rantzau

                      Schloß

                      D 25524 Breitenburg

                      born: 25.06.1944

                      née: Snoek

                      Share:             EUR             10,000.00

 Limited partner:

                      Marion Snoek

                      Zum Brunnenhof 21

                      D 82343 Pöcking

                      born: 06.07.1953

                      Share:             EUR              7,500.00

 Limited partner:

                      Tim Snoek

                      Hartungstr. 12

                      D 20146 Hamburg

                      born: 14.07.1982

                      Share:             EUR              2,750.00

 Limited partner:

                      Karoline Snoek

                      Schillerstr. 73

                      D 10627 Berlin

                      born: 02.11.1979

                      Share:             EUR              2,750.00

General partner

 

Central-Import Münster GmbH

Albersloher Weg 194

D 48155 Münster

Legal form: Private limited company

Share capital:     EUR             30,000.00

Registered on: 29.12.1980

Reg. data: 48149 Münster, HRB 1668

 

 

Shareholder

 

Hendrik Snoek

Gremmendorfer Weg 77

D 48167 Münster

born: 02.04.1948 in Münster, Westfalen

Share:             EUR             16,200.00

 

 Shareholder:

                      Elke Gräfin zu Rantzau

                      Schloß

                      D 25524 Breitenburg

                      born: 25.06.1944

                      née: Snoek

                      Share:             EUR              6,000.00

 Shareholder:

                      Marion Snoek

                      Zum Brunnenhof 21

                      D 82343 Pöcking

                      born: 06.07.1953

                      Share:             EUR              4,500.00

 Shareholder:

                      Tim Snoek

                      Hartungstr. 12

                      D 20146 Hamburg

                      born: 14.07.1982

                      Share:             EUR              1,650.00

 Shareholder:

                      Karoline Snoek

                      Schillerstr. 73

                      D 10627 Berlin

                      born: 02.11.1979

                      Share:             EUR              1,650.00

Manager

 

Georg Faber

D 28195 Bremen

born: 04.03.1953

 

 

Proxy

 

Manfred Honerkamp

D 48143 Münster

authorized to jointly represent the company

 

 

BUSINESS ACTIVITIES

 

Secondary industrial sector

·         46389   Wholesale of food n.e.c.

46391   Non-specialized wholesale of deep-frozen food

 

 

FINANCIAL INFORMATION

 

Payment experience:     within agreed terms

Negative information:      We have no negative information at hand.

 

 

REAL ESTATE

 

 Type of ownership:   Tenant

 Address              Grevener Damm 238-244

                      D 48282 Emsdetten

 

 Real Estate of:      Central-Import Münster GmbH

 Type of ownership:   Tenant

 Address              Albersloher Weg 194

                      D 48155 Münster

 

 Land register documents were not available.

 

 

BANKERS

 

Principal bank

WESTLB MÜNSTER, MÜNSTER, WESTF

Sort. code: 40050000, BIC: WELADE3MXXX

 

Further bank

WGZ BANK, MÜNSTER, WESTF

Sort. code: 40060000, BIC: GENODEMSXXX

 

 

FINANCIAL FIGURES

 

 Financial year:      01.01. - 31.12.

 Turnover:            2010               EUR         30,000,000.00

                      2011               EUR         30,000,000.00

 further business figures:

 Equipment:                              EUR            108,000.00

 Ac/ts receivable:                       EUR            354,000.00

 Liabilities:                            EUR            474,000.00

 Employees:                                                     12

 

 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.54.34

UK Pound

1

Rs.87.91

Euro

1

Rs.70.57

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.