|
Report Date : |
28.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
E. BREUNINGER GMBH & CO. |
|
|
|
|
Registered Office : |
Marktstr. 1-3, D 70173 Stuttgart |
|
|
|
|
Country : |
Germany |
|
|
|
|
Year of Establishments : |
1881 |
|
|
|
|
Com. Reg. No.: |
HRA 9905 |
|
|
|
|
Legal Form : |
General partnership with private
limited company as partner |
|
|
|
|
Line of Business : |
·
Retail
sale of textiles Retail sale of clothing |
|
|
|
|
No. of Employees : |
Not Available |
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 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 6.5% in 2012. GDP contracted 5.1% in 2009 but grew
by 4.2% in 2010, and 3.0% in 2011, before dipping to 0.7% in 2012 - a
reflection of low investment spending due to crisis-induced uncertainty and the
decreased demand for German exports from recession-stricken periphery
countries. Stimulus and stabilization efforts initiated in 2008 and 2009 and
tax cuts introduced in Chancellor Angela MERKEL's second term increased
Germany's total budget deficit - including federal, state, and municipal - to
4.1% in 2010, but slower spending and higher tax revenues reduced the deficit
to 0.8% in 2011. In 2012 Germany reached a budget surplus of 0.1%. 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 though
the target was already reached in 2012. By 2014, the federal government wants
to balance its budget. 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 electricity generating capacity and 46% of its base-load electricity
production
|
Source : CIA |
E. Breuninger GmbH & Co.
Marktstr. 1-3
D 70173 Stuttgart
Telephone: 0711/211-0
Telefax:
0711/2361542
Homepage: www.breuninger.com
E-mail:
kontakt@breuninger.de
DE147505250
active
Business relations are permissible.
LEGAL FORM General
partnership with private limited company as partner
Date of foundation: 1881
Registered on: 27.06.1974
Register of
companies: Local
court 70190 Stuttgart
under: HRA 9905
Breuninger-Beteiligungs-Gesellschaft mit
beschränkter Haftung
Marktstr. 1-3
D 70173 Stuttgart
Legal form: Private limited company
Share capital: EUR
42,904,000.00
Registered on: 17.03.1977
Reg. data: 70190 Stuttgart, HRB 6890
Breuninger Holding GmbH
Marktstr. 1-3
D 70173 Stuttgart
Legal form: Private limited company
Share capital: EUR 2,798,811.76
Share: EUR 38,285,000.00
Registered on: 22.04.1999
Reg. data: 70190 Stuttgart, HRB 20014
Control and profit transfer agreement
Shareholder:
BSG Beteiligungs-GmbH
Marktstr. 1-3
D
70173 Stuttgart
Legal form: Private limited company
Share capital: EUR 107,484.00
Share: EUR 2,108,000.00
Registered on: 19.06.1998
Reg. data: 70190
Stuttgart, HRB 19263
Shareholder:
Dr.
Wienand Meilicke
Schumannstr. 14
D 53113 Bonn
born: 11.07.1945
Share: EUR 1,255,500.00
Shareholder:
Willem
G. van Agtmael
Steinpilzweg 4
D
70599 Stuttgart
born: 19.09.1947
Share: EUR 1,255,500.00
Jeroen M. van Agtmael
D 70173 Stuttgart
having sole power of representation
born: 29.06.1975
Nationality: USA
Manager:
Harald
Meilicke
Hallbergstr. 1
D 40239 Düsseldorf
authorized to jointly
represent the company
born: 04.11.1975
Manager:
Michael A. Seidel
CH
Zürich
authorized to jointly represent the company
born: 06.05.1970
Nationality: Swiss
Breuninger Management GmbH
Marktstr. 1-3
D 70173 Stuttgart
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered on: 04.09.2012
Reg. data: 70190 Stuttgart, HRB 742367
Breuninger Verwaltungs Limited
GB
London
Legal form: Other legal form
Share: EUR 25,000.00
Willy Oergel
Auf der Kanzel 16
D 70191 Stuttgart
having sole power of representation
born: 21.03.1952
Marital status: married
Manager:
Marcus Weller
Marktstr. 1-3
D 70173 Stuttgart
having sole power of
representation
born: 18.01.1967
Marital status: unknown
Uwe Hildebrand
D 70771 Leinfelden-Echterdingen
authorized to jointly represent the company
born: 29.09.1955
Proxy:
Holger
Blecker
D
70173 Stuttgart
authorized to jointly represent the company
born: 13.04.1970
Proxy:
Daniel Ohr
D 70173 Stuttgart
authorized to jointly
represent the company
born: 21.06.1972
Further
functions/participations of Breuninger-Beteiligungs-Gesellschaft mit
beschränkter Haftung
(General partner)
Shareholder:
XYZ-Beteiligungs-GmbH
Marktstr. 1-3
D 70173 Stuttgart
Legal form: Private
limited company
Share capital: EUR 50,500.00
Share: EUR 36,400.00
Registered
on: 28.02.1985
Reg. data: 70190 Stuttgart, HRB 11265
30.06.1994
- 25.09.2012 General partne
van Agtmael GmbH
D
70173 Stuttgart
Main industrial
sector
47510
Retail sale of textiles
Secondary
industrial sector
47710
Retail sale of clothing
Branch:
E. Breuninger GmbH &
Co.
Kaiser-Joseph-Str.
169-175
D
79098 Freiburg
TEL.:
0761/38040
FAX.: 0761/36471
Branch:
E. Breuninger GmbH &
Co.
Wilhelmstr. 75-79
D
72764 Reutlingen
TEL.:
07121/308-0
FAX.:
07121/308-288
Branch:
E. Breuninger GmbH
& Co.
Frankfurter Str.
10/2
D
71732 Tamm
Branch:
E.
Breuninger GmbH & Co. *Zentralwarenlager*
Eschenbrünnlestr. 11
D
71065 Sindelfingen
TEL.:
07031/616-0
FAX.:
07031/616-2217
Branch:
E. Breuninger GmbH &
Co.
Tilsiter Str. 15
D
71065 Sindelfingen
TEL.: 07031/616-0
Branch:
E. Breuninger GmbH &
Co.
Junkersand 4
D
99084 Erfurt
TEL.:
0361/55560
FAX.:
0361/5556100
Branch:
E. Breuninger GmbH & Co.
Kaiserstr. 96
D
76133 Karlsruhe
TEL.:
0721/1300-0
Branch:
E.
Breuninger GmbH & Co.
Heinkelstr. 1-11
D 71634 Ludwigsburg
TEL.:
07141/304-1
Branch:
E.
Breuninger GmbH & Co.
Karolinenstr. 34
D
90402 Nürnberg
TEL.:
0911/27424-0
Branch:
E. Breuninger GmbH &
Co.
Main-Taunus-Zentrum
D
65843 Sulzbach
TEL.:
069/695220-0
Branch:
E.
Breuninger GmbH & Co.
Markt
12
D 04109 Leipzig
TEL.:
0341/2439-0
Branch:
E.
Breuninger GmbH & Co.
Herrenberger Str. 130
D 71034 Böblingen
Limited partner:
EKZ
Grundstücksverwaltung GmbH & Co. KG
Marktstr. 1-3
D 70173 Stuttgart
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 100,000.00
contribution:
Share: EUR 100,000.00
Reg. data: 24.04.2008
Local court
70190 Stuttgart
HRA 722678
Shareholder:
Einkaufszentrum-Beteiligungs-Gesellschaft
mit
beschränkter Haftung
Marktstr. 1-3
D 70173 Stuttgart
Legal form: Private
limited company
Company Status: active
Share capital: EUR 76,693.78
Share: EUR 76,693.78
Reg. data: 25.03.1976
Local court
70190 Stuttgart
HRB 6434
Shareholder:
E.
Breuninger
Versicherungs-Vermittlungs-Gesellschaft
mit
beschränkter Haftung
Marktstr. 1-3
D 70173 Stuttgart
Legal form: Private
limited company
Company Status: active
Share capital: EUR 51,129.19
Share: EUR 51,129.19
Reg. data: 15.05.1985
Local court 70190
Stuttgart
HRB 11375
Shareholder:
Breuninger Sozialhilfe Gesellschaft mit
beschränkter Haftung
Marktstr. 1-3
D 70173 Stuttgart
Legal form: Private limited
company
Company Status: active
Share capital: EUR 25,564.59
Share: EUR 25,564.59
Reg. data:
02.07.1954
Local court
70190 Stuttgart
HRB 1701
Payment experience: takes advantage of cash discount
Negative information: We have no negative information at hand.
Type of ownership: proprietor
Share: 100.00 %
Address Marktstr.
1-3
D
70173 Stuttgart
Type of real estate: Commercial building
Type of ownership: proprietor
Share: 100.00 %
Address Tilsiter
Str. 15
D 71065 Sindelfingen
Type of real estate: Commercial building
Type of ownership: proprietor
Share: 100.00 %
Address
Heinkelstr. 1-11
D 71634 Ludwigsburg
Real Estate of: Breuninger
Management GmbH
Type of ownership: Tenant
Address Marktstr.
1-3
D 70173 Stuttgart
Land register documents were not
available.
DEUTSCHE BANK,
STUTTGART
Sort. code: 60070070, BIC: DEUTDESSXXX
COMMERZBANK
VORMALS DRESDNER BANK, STUTTGART
Sort. code: 60080000, BIC: DRESDEFF600
LANDESBANK
BADEN-WÜRTTEMBERG/BADEN-WÜRTTEMBERGISCHE BANK,
STUTTGART
Sort. code: 60050101, BIC: SOLADEST600
BADEN-WÜRTTEMBERGISCHE
BANK, STUTTGART
Sort. code: 60020030, BIC: SOLADEST601
Financial year: 01.01. - 31.12.
The number of employees is not known.
The company is included in the annual financial
statement of the enterprise BSG
Beteiligungs-GmbH in Stuttgart.
Basic data of the
group:
2011 2010
Sales: 508.472.258,46 EUR 477.990.093,04 EUR
Staff: 4.696 4.443
Profit: 8.388.649,63 EUR 13.124.000 EUR
Receivables: 105.072.859,61 EUR 101.106.340,19 EUR
Liabilities: 351.905.310,47 EUR 316.902.765,28 EUR
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.67 |
|
UK Pound |
1 |
Rs.102.20 |
|
Euro |
1 |
Rs.87.75 |
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.