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Report Date : |
27.09.2012 |
IDENTIFICATION DETAILS
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Name : |
TIR LOGISTIK HOLZ & CO. OHG |
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Registered Office : |
Ihleburger Str. 11, D 39126 |
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Country : |
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Date of Incorporation : |
01.11.2000 |
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Com. Reg. No.: |
HRA 22238 |
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Legal Form : |
General Partnership |
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Line of Business : |
· Freight transport by road Packaging activities |
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No. of Employees : |
10 employees |
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 : |
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 (31.03.2012) |
Current Rating (30.06.2012) |
|
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.
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Source : CIA |
TIR Logistik Holz & Co. OHG
Ihleburger Str. 11
D 39126 Magdeburg
Telephone: 0391/244660
Telefax:
0391/2446622
Homepage: www.tir-logistik.de
E-mail:
a.holz@tir-logistik.de
LEGAL FORM General Partnership
Begin of business
activities: 01.11.2000
Registered on: 15.02.2001
Register of
companies: Local court 39576 Stendal
under: HRA 22238
Alexander Holz
D 38368 Grasleben
born: 09.06.1955
Profession: Businessman
Marital status: single
General
partner:
Irina Welsch
D 38368 Grasleben
born: 14.05.1963
Further functions/participations of Alexander Holz (General partner)
Proprietor:
Alexander
Holz
Auf dem Bente
9a
D 38536
Meinersen
Legal form:
Unregistered commercial
enterprise
General partner:
Alexander
Holz Kolio Kolev
Auf dem Bente 9 a
D 38536
Meinersen
Legal form:
Partnership under the Civil Code
11.04.2002 - 01.08.2011 General
partner
Josef Zerr
-Dipl.-Ing.-
D 86424
Dinkelscherben
Secondary
industrial sector
4941 Freight transport by road
82920 Packaging activities
96090 Other service activities
n. e. c.
Payment experience: within
periods customary in this trade
Negative information: We have
no negative information at hand.
Type of ownership: Tenant
Address Ihleburger Str. 11
D 39126 Magdeburg
Land register documents were not available.
SPARKASSE GIFHORN-WOLFSBURG, GIFHORN
Sort. code: 26951311, BIC: NOLADE21GFW
Financial
year: 01.01. - 31.12.
Turnover: 2010 EUR 1,900,000.00
Total
numbers of vehicles: 2
Employees:
10
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.53.58 |
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UK Pound |
1 |
Rs.86.60 |
|
Euro |
1 |
Rs.68.94 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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.