MIRA INFORM REPORT

 

 

Report Date :

08.02.2013

 

IDENTIFICATION DETAILS

 

Name :

SCHLAU HEIMTEX EINKAUFS GMBH

 

 

Registered Office :

Oehrkstr. 1, D 32457 Porta Westfalica

 

 

Country :

Germany

 

 

Year of Incorporation :

1976

 

 

Com. Reg. No.:

HRB 4601

 

 

Legal Form :

Private limited company

 

 

Line of Business :

Wholesale of furniture, carpets and rugs and lighting

 

 

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 – 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 & address

 

 SCHLAU HEIMTEX EINKAUFS GMBH

 

 Company Status:          active

                                    Oehrkstr. 1

                                    D 32457 Porta Westfalica

                                    Telephone:05731/7650

                                    Telefax:  05731/765160

                                     Homepage: www.brueder-schlau.de

                                    E-mail:   info@brueder-schlau.de

 

 CONCLUSION

 

 Business relations are permissible.

 

Registration data

 

 LEGAL FORM               Private limited company

 Date of foundation:         1976

 Shareholders'

 agreement:                    01.07.1976

 Registered on:               13.09.1982

 Commercial Register:    Local court 32545 Bad Oeynhausen

 under:                           HRB 4601

 

 Share capital:                          EUR          5,112,918.81

 

Shareholder

 

 Shareholder:

                      Brüder Schlau GmbH & Co. KG

                      Oehrkstr. 1

                      D 32457 Porta Westfalica

                      Legal form: Ltd partnership with priv. ltd.

                      company as general partner

                      Total cap.         EUR         26,000,000.00

                      contribution:

                      Share:             EUR          5,112,918.81

                      Registered on: 27.01.1966

                      Reg. data: 32545 Bad Oeynhausen, HRA 2676

                      Profit transfer agreement

 Manager:

                      Karl-Heinz Holtkamp

                      Hardenbergstr. 5

                      D 32479 Hille

                      having sole power of representation

                      born: 11.02.1951

                      Profession: Businessman

                      Marital status: married

 Manager:

                      Dr. Ralf Bartsch

                      D 30966 Hemmingen

                      having sole power of representation

                      born: 16.04.1959

                      Profession: Solicitor

 Manager:

                      Wernfried Fesenberg

                      D 32423 Minden

                      born: 19.04.1955

 Proxy:

                      Dirk Schlomann

                      Auf der Riehe 35a

                      D 32457 Porta Westfalica

                      authorized to jointly represent the company

                      Marital status: married

 Proxy:

                      Gerd Büsselberg

                      D 31275 Lehrte

                      having sole power of representation

                      born: 29.10.1943

 Proxy:

                      Michael Beckmeier

                      Billinghauser Str. 306

                      D 32791 Lage

                      authorized to jointly represent the company

                      born: 05.03.1965

                      Marital status: married

 

 Further functions/participations of Karl-Heinz Holtkamp (Manager)

 Manager:

                      HAMMER Nord Beteiligungs GmbH

                      Oehrkstr. 1

                      D 32457 Porta Westfalica

                      Legal form: Private limited company

                      Share capital:     EUR             50,000.00

                      Registered

                      on:         11.03.2005

                      Reg. data:  32545 Bad Oeynhausen, HRB 9592

 Manager:

                      IMPULS Gesellschaft zur Werbungs- u.

                      Anzeigenvermittlung m.b.H.

                      Oehrkstr. 1

                      D 32457 Porta Westfalica

                      Legal form: Private limited company

                      Share capital:     EUR             25,564.59

                      Registered

                      on:         25.11.1986

                      Reg. data:  32545 Bad Oeynhausen, HRB 5018

 Manager:

                      Schlau Großhandels GmbH

                      Oehrkstr. 1

                      D 32457 Porta Westfalica

                      Legal form: Private limited company

                      Share capital:     EUR            200,000.00

                      Registered

                      on:         25.06.1984

                      Reg. data:  32545 Bad Oeynhausen, HRB 5046

 Manager:

                      HK-Heim-Ausstattung Beteiligungs GmbH

                      Oehrkstr. 1

                      D 32457 Porta Westfalica

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         06.04.2005

                      Reg. data:  32545 Bad Oeynhausen, HRB 10148

 Manager:

                      Teppichboden Knott Gesellschaft mit

                      beschränkter Haftung

                      Theodor-Heuss-Str. 56

                      D 47167 Duisburg

                      Legal form: Private limited company

                                  dissolved

                      Share capital:     EUR             51,129.18

                      Registered

                      on:         18.05.1984

                      Reg. data:  47051 Duisburg, HRB 3689

 Manager:

                      Müller & Dintelmann Objekt GmbH

                      Zeißstr. 7-9

                      D 30519 Hannover

                      Legal form: Private limited company

                      Share capital:     EUR            100,000.00

                      Registered

                      on:         27.11.1951

                      Reg. data:  30175 Hannover, HRB 4737

 Manager:

                      TEMA Teppich- und Tapetenhandelsgesellschaft

                      mbH

                      Oehrkstr. 1

                      D 32457 Porta Westfalica

                      Legal form: Private limited company

                                  dissolved

                      Share capital:     EUR             26,000.00

                      Registered

                      on:         21.05.1996

                      Reg. data:  32545 Bad Oeynhausen, HRB 4714

 Manager:

                      Beeth Gesellschaft mit beschränkter Haftung

                      Gewerbegebiet Holtrup

                      D 32457 Porta Westfalica

                      Legal form: Private limited company

                      Share capital:     EUR             50,000.00

                      Registered

                      on:         26.12.1986

                      Reg. data:  32545 Bad Oeynhausen, HRB 3769

 Manager:

                      HAMMER Heimtex-Fachmärkte Systemzentrale

                      GmbH

                      Oehrkstr. 1

                      D 32457 Porta Westfalica

                      Legal form: Private limited company

                      Share capital:     EUR            200,000.00

                      Registered

                      on:         01.03.2000

                      Reg. data:  32545 Bad Oeynhausen, HRB 4337

 Manager:

                      Hammer West Beteiligungs GmbH

                      Oehrkstr. 1

                      D 32457 Porta Westfalica

                      Legal form: Private limited company

                      Share capital:     EUR             50,000.00

                      Registered

                      on:         24.03.2005

                      Reg. data:  32545 Bad Oeynhausen, HRB 9608

 Manager:

                      HEI-DE GmbH

                      Oehrkstr. 1

                      D 32457 Porta Westfalica

                      Legal form: Private limited company

                      Share capital:     EUR             25,564.59

                      Registered

                      on:         11.05.1999

                      Reg. data:  32545 Bad Oeynhausen, HRB 4483

 Manager:

                      HAMMER Fachmärkte für Heim-Ausstattung Ost

                      GmbH

                      Oehrkstr. 1

                      D 32457 Porta Westfalica

                      Legal form: Private limited company

                      Share capital:     EUR            100,000.00

                      Registered

                      on:         27.12.2001

                      Reg. data:  32545 Bad Oeynhausen, HRB 4010

 

 Further functions/participations of Dr. Ralf Bartsch (Manager)

 Manager:

                      HAMMER Nord Beteiligungs GmbH

                      Oehrkstr. 1

                      D 32457 Porta Westfalica

                      Legal form: Private limited company

                      Share capital:     EUR             50,000.00

                      Registered

                      on:         11.03.2005

                      Reg. data:  32545 Bad Oeynhausen, HRB 9592

 Manager:

                      Schlau Großhandels GmbH

                      Oehrkstr. 1

                      D 32457 Porta Westfalica

                      Legal form: Private limited company

                      Share capital:     EUR            200,000.00

                      Registered

                      on:         25.06.1984

                      Reg. data:  32545 Bad Oeynhausen, HRB 5046

 Manager:

                      Teppichboden Knott Gesellschaft mit

                      beschränkter Haftung

                      Theodor-Heuss-Str. 56

                      D 47167 Duisburg

                      Legal form: Private limited company

                                  dissolved

                      Share capital:     EUR             51,129.18

                      Registered

                      on:         18.05.1984

                      Reg. data:  47051 Duisburg, HRB 3689

 Manager:

                      Müller & Dintelmann Objekt GmbH

                      Zeißstr. 7-9

                      D 30519 Hannover

                      Legal form: Private limited company

                      Share capital:     EUR            100,000.00

                      Registered

                      on:         27.11.1951

                      Reg. data:  30175 Hannover, HRB 4737

 Manager:

                      TEMA Teppich- und Tapetenhandelsgesellschaft

                      mbH

                      Oehrkstr. 1

                      D 32457 Porta Westfalica

                      Legal form: Private limited company

                                  dissolved

                      Share capital:     EUR             26,000.00

                      Registered

                      on:         21.05.1996

                      Reg. data:  32545 Bad Oeynhausen, HRB 4714

 Manager:

                      Beeth Gesellschaft mit beschränkter Haftung

                      Gewerbegebiet Holtrup

                      D 32457 Porta Westfalica

                      Legal form: Private limited company

                      Share capital:     EUR             50,000.00

                      Registered

                      on:         26.12.1986

                      Reg. data:  32545 Bad Oeynhausen, HRB 3769

 Manager:

                      HAMMER Heimtex-Fachmärkte Systemzentrale

                      GmbH

                      Oehrkstr. 1

                      D 32457 Porta Westfalica

                      Legal form: Private limited company

                      Share capital:     EUR            200,000.00

                      Registered

                      on:         01.03.2000

                      Reg. data:  32545 Bad Oeynhausen, HRB 4337

 Manager:

                      Hammer West Beteiligungs GmbH

                      Oehrkstr. 1

                      D 32457 Porta Westfalica

                      Legal form: Private limited company

                      Share capital:     EUR             50,000.00

                      Registered

                      on:         24.03.2005

                      Reg. data:  32545 Bad Oeynhausen, HRB 9608

 Manager:

                      HEI-DE GmbH

                      Oehrkstr. 1

                      D 32457 Porta Westfalica

                      Legal form: Private limited company

                      Share capital:     EUR             25,564.59

                      Registered

                      on:         11.05.1999

                      Reg. data:  32545 Bad Oeynhausen, HRB 4483

 Manager:

                      HAMMER Fachmärkte für Heim-Ausstattung Ost

                      GmbH

                      Oehrkstr. 1

                      D 32457 Porta Westfalica

                      Legal form: Private limited company

                      Share capital:     EUR            100,000.00

                      Registered

                      on:         27.12.2001

                      Reg. data:  32545 Bad Oeynhausen, HRB 4010

 Member of the Supervisory Board:

                      Meffert AG Farbwerke

                      Sandweg 15

                      D 55543 Bad Kreuznach

                      Legal form: Public limited company

                      Share capital:     EUR         15,000,000.00

                      Registered

                      on:         19.03.1997

                      Reg. data:  55543 Bad Kreuznach, HRB 3605

 

 Further functions/participations of Wernfried Fesenberg (Manager)

 Proxy:

                      Brüder Schlau GmbH & Co. KG

                      Oehrkstr. 1

                      D 32457 Porta Westfalica

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Total cap.         EUR         26,000,000.00

                      contribution:

                      Registered

                      on:         27.01.1966

                      Reg. data:  32545 Bad Oeynhausen, HRA 2676

 

 COMPANY HISTORY

 

 10.02.1989 - 01.12.1993           "Hammer" Heimwerkerbedarfsgesellschaft

                                                mit beschränkter Haftung

                                                Südring 3

                                                D 32429 Minden

                                                Private limited company

 01.12.1993 - 11.01.2007             "HAMMER" Fachmärkte für Heimausstattung

                                                GmbH

                                                Oehrkstr. 1

                                                             D 32457 Porta Westfalica

                                                 Private limited company

 

 BUSINESS ACTIVITIES

 

 Main industrial sector

 7010    Activities of head offices

 Average risk of default:          2.2 %

 82999   Other business support service activities n. e. c.

 

 Secondary industrial sector

 46470   Wholesale of furniture, carpets and rugs and lighting

 46738   Wholesale of wallpaper and floor coverings (except

 carpets and rugs)

 

 BRANCHES AND FACTORIES

 

 Branch:

                      Schlau Heimtex Einkaufs GmbH

                      Im Felde 1 OT Höngeda

                      D 99998 Weinbergen

                      TEL.: 03601/446212

 Branch:

                      Schlau Heimtex Einkaufs GmbH

                      Harpener Hellweg 12a

                      D 44791 Bochum

                      TEL.: 0234/592502

                      FAX.: 0234/592083

 Branch:

                      Schlau Heimtex Einkaufs GmbH

                      Im Steinhof 10

                      D 44867 Bochum

                      TEL.: 02327/943606

 Branch:

                      Schlau Heimtex Einkaufs GmbH

                      Auf dem Esch 67

                      D 49356 Diepholz

 

 PARTICIPATIONS

 

 General partner:

                      "HAMMER" Fachmärkte für Heim-Ausstattung

                      GmbH & Co. Betriebs-KG Ostrau

                      Oehrkstr. 1

                      D 32457 Porta Westfalica

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: dissolved

                      since:          03.09.2002

                      Total cap.         EUR             51,129.91

                      contribution:

                      Reg. data:  29.12.1995

                                  Local court 32545 Bad Oeynhausen

                                  HRA 1927

 General partner:

                      "HAMMER" Fachmärkte für Heim-Ausstattung

                      GmbH & Co. Betriebs-KG Schwarzheide

                      D 32457 Porta Westfalica

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: dissolved

                      since:          30.08.2003

                      Total cap.         EUR             51,129.19

                      contribution:

                      Reg. data:  04.07.1994

                                  Local court 32545 Bad Oeynhausen

                                  HRA 1965

 General partner:

                      "HAMMER" Fachmärkte für Heimausstattung GmbH

                      & Co. Betriebs KG  Annaberg

                      Oehrkstr. 1

                      D 32457 Porta Westfalica

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: dissolved

                      since:          23.12.2008

                      Total cap.         EUR             63,911.49

                      contribution:

                      Reg. data:  02.01.1998

                                  Local court 32545 Bad Oeynhausen

                                  HRA 3052

 General partner:

                      HAMMER Fachmärkte für Heim-Ausstattung GmbH

                      & Co. Betriebs-KG Annaberg

                      D 32457 Porta Westfalica

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: dissolved

                      since:          23.12.2008

                      Reg. data:  11.11.1211

                                  Local court 32545 Bad Oeynhausen

                                  HRA 3052

 

 FINANCIAL INFORMATION

 

 Payment experience:  takes advantage of cash discount

 

 Negative information:We have no negative information at hand.

 

 REAL ESTATE

 

 Type of ownership:        Tenant

 Address                       Oehrkstr. 1

                                     D 32457 Porta Westfalica

 

 Land register documents were not available.

 

 BANKERS

 

 Principal bank

 SPARKASSE MINDEN-LÜBBECKE, MINDEN, WESTF

 Sort. code: 49050101, BIC: WELADED1MIN

 

 FINANCIAL FIGURES

 

 Financial year:      01.01. - 31.12.

 Share capital:                          EUR          5,112,918.81

 The number of employees is not known.

 

 

 Profit transfer agreement to:

                         Brüder Schlau GmbH & Co. KG

                         Oehrkstr. 1

                         D 32457 Porta Westfalica

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.53.14

UK Pound

1

Rs.83.26

Euro

1

Rs.71.93

 

INFORMATION DETAILS

 

Report Prepared by :

NLM

 

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.