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Report Date : |
24.09.2012 |
IDENTIFICATION DETAILS
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Name : |
REVIEW RETAIL
GMBH & CO. KG |
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Registered Office : |
Berliner Allee 2
D 40212 Düsseldorf |
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Country : |
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Date of Incorporation : |
24.10.2011 |
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Com. Reg. No.: |
HRA 21771 |
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Legal Form : |
Ltd partnership
with priv. ltd. company as general
partner |
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Line of Business : |
Manufacture of
other wearing apparel and accessories |
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No. of Employees : |
25 |
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 (31.03.2011) |
Current Rating (30.06.2012) |
|
|
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
Review Retail GmbH
& Co. KG
Company
Status: active
Berliner Allee 2
D 40212 Düsseldorf
Telephone:0211/3662-422
Telefax: 0211/3662-461
Homepage:
www.peek-cloppenburg.de
E-mail: info@peek-cloppenburg.de
DE815327275
LEGAL FORM Ltd
partnership with priv. ltd. company as
general partner
Date of
foundation: 24.10.2011
Registered
on: 24.10.2011
Register of
companies: Local
court 40213 Düsseldorf
under: HRA
21771
EUR 100,000.00
Review KG
Berliner Allee 2
D 40212 Düsseldorf
Legal form: Limited
partnership
Total cap. EUR 100,000.00
contribution:
Share: EUR 100,000.00
Registered on: 17.11.2008
Reg. data: 40213
Düsseldorf, HRA 20295
General partner:
Review Retail Komplementär
GmbH
Berliner Allee 2
D 40212 Düsseldorf
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered on: 14.07.2011
Reg. data: 40213
Düsseldorf, HRB 66006
Shareholder:
Review KG
Berliner Allee 2
D 40212 Düsseldorf
Legal form: Limited
partnership
Total cap. EUR 100,000.00
contribution:
Share: EUR 25,000.00
Registered on: 17.11.2008
Reg. data: 40213
Düsseldorf, HRA 20295
Manager:
Harro Uwe Johann Cloppenburg
CH Feusisberg
having sole power of
representation
born: 28.10.1940
Profession: Businessman
Marital status: married
Manager:
Magister Wolfgang
Sauerzapf
A Gamlitz
authorized to jointly
represent the company
born: 01.08.1964
Nationality: Austrian
Marital status: unknown
Manager:
Dr. Horst Clemens
D 40210 Düsseldorf
authorized to jointly
represent the company
born: 11.03.1967
Manager:
Jesper Reismann
D 47798 Krefeld
authorized to jointly
represent the company
born: 22.10.1966
Manager:
Patrick Maximilian
Cloppenburg
D 40212 Düsseldorf
authorized to jointly
represent the company
born: 02.07.1982
Proxy:
Harro Uwe Johann
Cloppenburg
CH Feusisberg
having sole power of
representation
born: 28.10.1940
Profession: Businessman
Marital status: married
Proxy:
Andreas Heller
Leinenweberweg 14
D 40593 Düsseldorf
authorized to jointly represent
the company
born: 09.02.1947
Profession: Businessman
Proxy:
Horst Uwe Fehr
D 47798 Krefeld
authorized to jointly
represent the company
born: 15.09.1962
Proxy:
Dr. Horst Clemens
D 40210 Düsseldorf
authorized to jointly
represent the company
born: 11.03.1967
Proxy:
Dirk Westphal
D 40212 Düsseldorf
authorized to jointly
represent the company
born: 25.09.1971
Proxy:
Jesper Reismann
D 47798 Krefeld
authorized to jointly
represent the company
born: 22.10.1966
Proxy:
Patrick Maximilian
Cloppenburg
D 40212 Düsseldorf
authorized to jointly
represent the company
born: 02.07.1982
Sectors
14190 Manufacture of other wearing apparel and
accessories n.e.c.
4641 Wholesale of textiles
4771 Retail sale of clothing
Branch:
Review Retail GmbH &
Co. KG
Friedrichstr. 129 ( Haus
902 )
D 40217 Düsseldorf
Branch:
Review Retail GmbH &
Co. KG
Friedrich-Ebert-Platz 2 (
Haus
909 )
D 51373 Leverkusen
Branch:
Review Retail GmbH &
Co. KG
Hohe Str. 111a ( Haus 950
)
D 50667 Köln
Branch:
Review Retail GmbH &
Co. KG
Im Zollhof 4 ( Haus 994 )
D 67061 Ludwigshafen
Payment
experience: within agreed terms
Negative
information:We have no negative information at hand.
Type of
ownership: Tenant
Address Berliner Allee 2
D 40212 Düsseldorf
Land register
documents were not available.
Principal bank
DEUTSCHE BANK,
DÜSSELDORF
Sort. code:
30070010, Account no.: 270017002, BIC: DEUTDEDDXXX
Financial year: 01.01. - 31.12.
Employees:
25
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.90 |
|
|
1 |
Rs.87.60 |
|
Euro |
1 |
Rs.70.01 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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 |
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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.