MIRA INFORM REPORT

 

 

Report Date :

07.02.2013

 

IDENTIFICATION DETAILS

 

Name :

SCHNEIDER VERSAND GMBH

 

 

Registered Office :

Strandbaddamm 2-4 D 22880 Wedel

 

 

Country :

Germany

 

 

Date of Incorporation :

03.08.2005

 

 

Com. Reg. No.:

HRB 6369 PI

 

 

Legal Form :

Private limited company

 

 

Line of Business :

Retail sale via mail-order houses or Internet

 

 

No. of Employees :

696

 

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

 

 

Payment Behaviour :

Unknown

 

 

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

 

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 and address

 

SCHNEIDER VERSAND GMBH

 

Company Status:           active

                                    Strandbaddamm 2-4

                                    D 22880 Wedel

                                    Telephone:04103/809-0

                                    Telefax:  04103/809-583

                                    Homepage: www.schneider.de

                                    E-mail:   service@schneider.de

 

VAT no.:                       DE244526712

 

LEGAL FORM               Private limited company

Date of foundation:         03.08.2005

Begin of business

activities:                       03.08.2005

Shareholders'

agreement:                    03.08.2005

Registered on:               07.03.2006

Commercial Register:     Local court 25421 Pinneberg

under:                                       HRB 6369 PI

 

Share capital:                          EUR             25,000.00

 

Shareholder:

                     creatrade Holding GmbH

                     Strandbaddamm 2-4

                     D 22880 Wedel

                     Legal form: Private limited company

                     Share capital:     EUR            202,814.00

                     Share:             EUR             25,000.00

                     Registered on: 26.01.2011

                     Reg. data: 25421 Pinneberg, HRB 9111 PI

Manager:

                     Risto Pfalz

                     Heideweg 47

                     D 21614 Buxtehude

                     having sole power of representation

                     born: 07.10.1963

                     Profession: Businessman

Manager:

                     Ulf Cronenberg

                     D 26180 Rastede

                     having sole power of representation

                     born: 21.05.1965

                     Profession: Management expert

Manager:

                     Dr. Marc Gegor Breitfeld

                     Aignerstr. 31

                     D 81541 München

                     having sole power of representation

                     born: 20.09.1967

Proxy:

                     Joachim Lembcke

                     D 22880 Wedel

                     authorized to jointly represent the company

                     born: 08.02.1955

Proxy:

                     Mirko Schönherr

                     Achtern Beek 11

                     D 25462 Rellingen

                     authorized to jointly represent the company

                     born: 26.07.1968

                     Profession: Businessman

Proxy:

                     Andrew Parkin

                     D 20095 Hamburg

                     authorized to jointly represent the company

                     born: 08.12.1964

Proxy:

                     Holger Doerks

                     Louis-Gellersen-Weg 8

                     D 21271 Hanstedt

                     authorized to jointly represent the company

                     born: 14.05.1967

 

Further functions/participations of Risto Pfalz (Manager)

Shareholder:

                     creatrade Holding GmbH

                     Strandbaddamm 2-4

                     D 22880 Wedel

                     Legal form: Private limited company

                     Share capital:     EUR            202,814.00

                     Share:             EUR              3,967.00

                     Registered

                     on:         26.01.2011

                     Reg. data:  25421 Pinneberg, HRB 9111 PI

Manager:

                     ILH Interlogistik Hamburg GmbH

                     Vollhöfner Weiden 17

                     D 21129 Hamburg

                     Legal form: Private limited company

                     Share capital:     EUR             25,600.00

                     Registered

                     on:         18.08.1992

                     Reg. data:  20355 Hamburg, HRB 50829

Manager:

                     creatrade Holding GmbH

                     Strandbaddamm 2-4

                     D 22880 Wedel

                     Legal form: Private limited company

                     Share capital:     EUR            202,814.00

                     Registered

                     on:         26.01.2011

                     Reg. data:  25421 Pinneberg, HRB 9111 PI

 

Further functions/participations of Ulf Cronenberg (Manager)

Manager:

                     PM Product Marketing GmbH

                     Strandbaddamm 2-4

                     D 22880 Wedel

                     Legal form: Private limited company

                     Share capital:     EUR             25,600.00

                     Registered

                     on:         07.03.1990

                     Reg. data:  25421 Pinneberg, HRB 2813 PI

Manager:

                     Spirit of America GmbH

                     Ernst-Tellering-Str.54

                     D 40764 Langenfeld

                     Legal form: Private limited company

                                 dissolved

                     Share capital:     EUR             25,564.59

                     Registered

                     on:         16.06.1993

                     Reg. data:  40213 Düsseldorf, HRB 45772

Manager:

                     IMPRESSIONEN Versand GmbH

                     Strandbaddamm 2-4

                     D 22880 Wedel

                     Legal form: Private limited company

                     Share capital:     EUR            767,000.00

                     Registered

                     on:         27.03.1996

                     Reg. data:  25421 Pinneberg, HRB 4044 PI

Manager:

                     maxenia GmbH

                     Vollhöfner Weiden 17

                     D 21129 Hamburg

                     Legal form: Private limited company

                     Share capital:     EUR          1,279,000.00

                     Registered

                     on:         11.09.1997

                     Reg. data:  20355 Hamburg, HRB 65347

Manager:

                     DISCOVERY Versand GmbH

                     Strandbaddamm 2-4

                     D 22880 Wedel

                     Legal form: Private limited company

                     Share capital:     EUR             25,600.00

                     Registered

                     on:         13.03.1996

                     Reg. data:  25421 Pinneberg, HRB 4043 PI

Manager:

                     creatrade Holding GmbH

                     Strandbaddamm 2-4

                     D 22880 Wedel

                     Legal form: Private limited company

                     Share capital:     EUR            202,814.00

                     Registered

                     on:         26.01.2011

                     Reg. data:  25421 Pinneberg, HRB 9111 PI

Manager:

                     CONLEYS Modekontor GmbH

                     Strandbaddamm 2-4

                     D 22880 Wedel

                     Legal form: Private limited company

                     Share capital:     EUR            767,000.00

                     Registered

                     on:         07.03.1996

                     Reg. data:  25421 Pinneberg, HRB 4046 PI

 

Further functions/participations of Dr. Marc Gegor Breitfeld

(Manager)

Shareholder:

                     creatrade Holding GmbH

                     Strandbaddamm 2-4

                     D 22880 Wedel

                     Legal form: Private limited company

                     Share capital:     EUR            202,814.00

                     Share:             EUR              2,814.00

                     Registered

                     on:         26.01.2011

                     Reg. data:  25421 Pinneberg, HRB 9111 PI

Manager:

                     VBS Verwaltungs-GmbH

                     Agnes-Bernauer-Str. 90

                     D 80687 München

                     Legal form: Private limited company

                                 dissolved

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         08.12.2006

                     Reg. data:  80797 München, HRB 165233

Manager:

                     Prämie Direkt GmbH

                     Daimlerstr. 17

                     D 25337 Elmshorn

                     Legal form: Private limited company

                     Share capital:     EUR            767,000.00

                     Registered

                     on:         10.04.1999

                     Reg. data:  25421 Pinneberg, HRB 4715 PI

Manager:

                     Grundstücksverwaltungsgesellschaft

                     Strandbaddamm 2 mbH

                     Strandbaddamm 2-4

                     D 22880 Wedel

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         08.10.2002

                     Reg. data:  25421 Pinneberg, HRB 5569 PI

Manager:

                     creatrade Holding GmbH

                     Strandbaddamm 2-4

                     D 22880 Wedel

                     Legal form: Private limited company

                     Share capital:     EUR            202,814.00

                     Registered

                     on:         26.01.2011

                     Reg. data:  25421 Pinneberg, HRB 9111 PI

President of the Board of Directors:

                     Professional Business Solutions Group AG

                     Schleißheimer Str. 282

                     D 80809 München

                     Legal form: Public limited company

                     Share capital:     EUR            500,000.00

                     Registered

                     on:         08.11.2000

                     Reg. data:  80797 München, HRB 134109

 

 

COMPANY HISTORY

 

03.08.2005 - 01.09.2005  Blitz 05-126 GmbH

                         Bavariaring 29

                         D 80336 München

                         Private limited company

01.09.2005 - 07.03.2006  Schneider Versand GmbH (HRB 158185, HR

                         München)

                         Karl-Scharnagl-Ring 7

                         D 80539 München

                         Private limited company

 

 

BUSINESS ACTIVITIES

 

Main industrial sector

4791    Retail sale via mail-order houses or Internet

 

Secondary industrial sector

4618    Agents involved in the sale of other goods

70101   Management of holding companies

 

 

BRANCHES AND FACTORIES

 

Branch:

                     Schneider Versand GmbH

                     Vollhöfner Weiden 17

                     D 21129 Hamburg

                     TEL.: 040/741820

                     FAX.: 040/74182349

 

 

PARTICIPATIONS

 

Limited partner:

                     Grundstücksgesellschaft Strandbaddamm 2 mbH

                     & Co. KG

                     Strandbaddamm 2-4

                     D 22880 Wedel

                     Legal form: Ltd partnership with priv. ltd.

                                 company as general partner

                     Company Status: active

                     Total cap.         EUR             50,000.00

                     contribution:

                     Share:             EUR             50,000.00

                     Reg. data:  08.10.2002

                                 Local court 25421 Pinneberg

                                 HRA 4409 PI

Shareholder:

                     maxenia GmbH

                     Vollhöfner Weiden 17

                     D 21129 Hamburg

                     Legal form: Private limited company

                     Company Status: active

                     Share capital:     EUR          1,279,000.00

                     Share:             EUR          1,279,000.00

                     Reg. data:  11.09.1997

                                 Local court 20355 Hamburg

                                 HRB 65347

Shareholder:

                     IMPRESSIONEN Versand GmbH

                     Strandbaddamm 2-4

                     D 22880 Wedel

                     Legal form: Private limited company

                     Company Status: active

                     Share capital:     EUR            767,000.00

                     Share:             EUR            767,000.00

                     Reg. data:  27.03.1996

                                 Local court 25421 Pinneberg

                                 HRB 4044 PI

Shareholder:

                     CONLEYS Modekontor GmbH

                     Strandbaddamm 2-4

                     D 22880 Wedel

                     Legal form: Private limited company

                     Company Status: active

                     Share capital:     EUR            767,000.00

                     Share:             EUR            767,000.00

                     Reg. data:  07.03.1996

                                 Local court 25421 Pinneberg

                                 HRB 4046 PI

Shareholder:

                     Prämie Direkt GmbH

                     Daimlerstr. 17

                     D 25337 Elmshorn

                     Legal form: Private limited company

                     Company Status: active

                     Share capital:     EUR            767,000.00

                     Share:             EUR            767,000.00

                     Reg. data:  10.04.1999

                                 Local court 25421 Pinneberg

                                 HRB 4715 PI

Shareholder:

                     e-velopment GmbH

                     Bahrenfelder Chaussee 49

                     D 22761 Hamburg

                     Legal form: Private limited company

                     Company Status: active

                     Share capital:     EUR            500,000.00

                     Share:             EUR            370,000.00

                     Reg. data:  22.04.1996

                                 Local court 20355 Hamburg

                                 HRB 67471

Shareholder:

                     PM Product Marketing GmbH

                     Strandbaddamm 2-4

                     D 22880 Wedel

                     Legal form: Private limited company

                     Company Status: active

                     Share capital:     EUR             25,600.00

                     Share:             EUR             25,600.00

                     Reg. data:  07.03.1990

                                 Local court 25421 Pinneberg

                                 HRB 2813 PI

Shareholder:

                     DISCOVERY Versand GmbH

                     Strandbaddamm 2-4

                     D 22880 Wedel

                     Legal form: Private limited company

                     Company Status: active

                     Share capital:     EUR             25,600.00

                     Share:             EUR             25,600.00

                     Reg. data:  13.03.1996

                                 Local court 25421 Pinneberg

                                 HRB 4043 PI

 

 

FINANCIAL INFORMATION

 

Payment experience:     within agreed terms

 

Negative information:      We have no negative information at hand.

 

 

REAL ESTATE

 

Type of ownership:         Tenant

Address                        Strandbaddamm 2-4

                                    D 22880 Wedel

 

Land register documents were not available.

 

 

BANKERS

 

Principal bank

DEUTSCHE BANK, HAMBURG

Sort. code: 20070000, BIC: DEUTDEHHXXX

 

Further banks

BERENBERG, JOH. - GOSSLER & CO, HAMBURG

Sort. code: 20120000, BIC: BEGODEHHXXX

BREMER LANDESBANK, BREMEN

Sort. code: 29050000, BIC: BRLADE22XXX

UNICREDIT BANK - HYPOVEREINSBANK, HAMBURG

Sort. code: 20030000, BIC: HYVEDEMM300

LBS-NORDDEUTSCHE LANDESBAUSPARKASSE, HANNOVER

Sort. code: 25055500, BIC: NOLADE21LBS

ZV LANDESBANK BADEN-WÜRTTEMBERG, MAINZ A RHEIN

Sort. code: 55050000, BIC: SOLADEST550

 

 

FINANCIAL FIGURES

 

Financial year:               01.01. - 31.12.

Share capital:                EUR             25,000.00

Employees:                    696

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.08

UK Pound

1

Rs.83.11

Euro

1

Rs.72.01

 

INFORMATION DETAILS

 

Report Prepared by :

SDA

 

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.