MIRA INFORM REPORT

 

 

Report Date :

20.03.2013

 

IDENTIFICATION DETAILS

 

Name :

S-INTERNATIONAL REGION NÜRNBERG GMBH & CO. KG

 

 

Registered Office :

Marientorgraben 9   D 90402 Nürnberg

 

 

Country :

Germany

 

 

Date of Incorporation :

18.06.2007

 

 

Com. Reg. No.:

HRA 14601

 

 

Legal Form :

Ltd partnership with priv. ltd. company as  general partner

 

 

Line of Business :

Other business support service activities

 

 

No. of Employees :

37

 

 

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

(31.03.2011)

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

 

S-International Region Nürnberg GmbH & Co. KG

 

 Company Status:      active

                      Marientorgraben 9

                      D 90402 Nürnberg

                      Telephone:0911/230-4051

                      Telefax:  0911/230-4752

                      Homepage: www.s-int.de

                      E-mail:   info@s-int.de

 

 

VAT no.

 

DE254509107

 

 

CONCLUSION

 

 Business relations are permissible.

 

 

Registartion data

 

 LEGAL FORM              Ltd partnership with priv. ltd. company as

                                    general partner

 Date of foundation:      18.06.2007

 Registered on:             18.06.2007

 Register of

 companies:                  Local court 90402 Nürnberg

 under:                          HRA 14601

 

Total cap. contribution              

 

EUR            850,000.00

 

 

Limited partner

 

                      Sparkasse Nürnberg

                      Lorenzer Platz 12

                      D 90402 Nürnberg

                      Legal form: Statutory body

                      Share:             EUR            296,000.00

                      Registered on: 14.03.2000

                      Reg. data: 90402 Nürnberg, HRA 12001

 Limited partner:

                      Stadt- und Kreissparkasse Erlangen

                      Hugenottenplatz 5

                      D 91054 Erlangen

                      Legal form: Statutory body

                      Share:             EUR            131,000.00

                      Registered on: 27.10.1999

                      Reg. data: 90762 Fürth, HRA 7079

 Limited partner:

                      Sparkasse Mittelfranken-Süd

                      Westring 38

                      D 91154 Roth

                      Legal form: Statutory body

                      Share:             EUR            106,000.00

                      Registered on: 23.02.2000

                      Reg. data: 90402 Nürnberg, HRA 11982

 Limited partner:

                      Sparkasse Fürth

                      Maxstr. 32

                      D 90762 Fürth

                      Legal form: Statutory body

                      Share:             EUR            101,000.00

                      Registered on: 01.03.2000

                      Reg. data: 90762 Fürth, HRA 7150

 Limited partner:

                      Vereinigte Sparkassen Stadt und Landkreis

                      Ansbach

                      Promenade 20

                      D 91522 Ansbach

                      Legal form: Statutory body

                      Share:             EUR             78,000.00

                      Registered on: 12.01.2000

                      Reg. data: 91522 Ansbach, HRA 2637

 Limited partner:

                      Sparkasse Kulmbach-Kronach

                      Fritz-Hornschuch-Str. 10

                      D 95326 Kulmbach

                      Legal form: Statutory body

                      Share:             EUR             69,000.00

                      Registered on: 09.10.2000

                      Reg. data: 95444 Bayreuth, HRA 3075

 Limited partner:

                      Vereinigte Sparkassen Gunzenhausen

                      Marktplatz 43-45

                      D 91710 Gunzenhausen

                      Legal form: Statutory body

                      Share:             EUR             22,000.00

                      Registered on: 12.01.2000

                      Reg. data: 91522 Ansbach, HRA 2642

 Limited partner:

                      Kreissparkasse Höchstadt a. d. Aisch

                      Marktplatz 1

                      D 91315 Höchstadt

                      Legal form: Statutory body

                      Share:             EUR             22,000.00

                      Registered on: 01.03.2000

                      Reg. data: 90762 Fürth, HRA 7151

 Limited partner:

                      Stadt- und Kreissparkasse Rothenburg ob der

                      Tauber

                      Kapellenplatz 7

                      D 91541 Rothenburg

                      Legal form: Statutory body

                      Share:             EUR             15,000.00

                      Registered on: 11.02.2000

                      Reg. data: 91522 Ansbach, HRA 2659

 Limited partner:

                      Kreis- und Stadtsparkasse Dinkelsbühl

                      Schrannengasse 1

                      D 91550 Dinkelsbühl

                      Legal form: Statutory body

                      Share:             EUR             10,000.00

                      Registered on: 01.02.2000

                      Reg. data: 91522 Ansbach, HRA 2652

 General partner:

                      S-International Region Nürnberg

                      Verwaltungs-GmbH

                      Marientorgraben 9

                      D 90402 Nürnberg

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered on: 09.05.2007

                      Reg. data: 90402 Nürnberg, HRB 23441

 

 Shareholder:

                      S-International Region Nürnberg GmbH & Co.

                      KG

                      Marientorgraben 9

                      D 90402 Nürnberg

                      Legal form: Ltd partnership with priv. ltd.

                      company as general partner

                      Total cap.         EUR            850,000.00

                      contribution:

                      Share:             EUR             25,000.00

                      Registered on: 18.06.2007

                      Reg. data: 90402 Nürnberg, HRA 14601

 Manager:

                      Andrea Lutz

                      Hembacher Str. 18

                      D 90592 Schwarzenbruck

                      having sole power of representation

                      born: 19.05.1961

 Proxy:

                      Oliver Jürgen Simon Blickert

                      Fritzlarer Str. 1

                      D 34295 Edermünde

                      having sole power of representation

                      born: 29.05.1969

 

 

COMPANY HISTORY

 

 18.06.2007 - 20.12.2010  S-International Region Nürnberg GmbH &

                          Co. KG

                          Marienstr. 1

                          D 90402 Nürnberg

                          Ltd partnership with priv. ltd. company

                          as general partner

 

 

BUSINESS ACTIVITIES

 

 Sectors

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

 

PARTICIPATIONS

 

 Shareholder:

                      S-International Region Nürnberg

                      Verwaltungs-GmbH

                      Marientorgraben 9

                      D 90402 Nürnberg

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,000.00

                      Share:             EUR             25,000.00

                      Reg. data:  09.05.2007

                                  Local court 90402 Nürnberg

                                  HRB 23441

 

 

FINANCIAL INFORMATION

 

 Payment experience:  within periods customary in this trade

 

 Negative information:We have no negative information at hand.

 

 

REAL ESTATE

 

 Type of ownership:   Tenant

 Address              Marientorgraben 9

                      D 90402 Nürnberg

 

 Real Estate of:      S-International Region Nürnberg

                      Verwaltungs-GmbH

 Type of ownership:   Tenant

 Address              Marientorgraben 9

                      D 90402 Nürnberg

 

 Real Estate of:      Sparkasse Nürnberg

 Type of ownership:   proprietor

 Share:                100.00 %

 Address              Lorenzer Platz 12

                      D 90402 Nürnberg

 

 Real Estate of:      Stadt- und Kreissparkasse Erlangen

 Type of ownership:   proprietor

 Share:                100.00 %

 Address              Hugenottenplatz 5

                      D 91054 Erlangen

 

 Real Estate of:      Sparkasse Fürth

 Type of ownership:   Tenant

 Address              Maxstr. 32

                      D 90762 Fürth

 

 Real Estate of:      Stadt- und Kreissparkasse Rothenburg ob der

                      Tauber

 Type of ownership:   unknown

 Address              Kapellenplatz 7

                      D 91541 Rothenburg

 

 Land register documents were not available.

 

 

BANKERS

 

 STADT- UND KREISSPARKASSE ERLANGEN, ERLANGEN

 Sort. code: 76350000, BIC: BYLADEM1ERH

 KREISSPARKASSE HÖCHSTADT, HÖCHSTADT A.D.AISCH

 Sort. code: 76351560, BIC: BYLADEM1HOS

 STADT- UND KREISSPARKASSE ROTHENBURG, ROTHENBURG OB DER TAUBER

 Sort. code: 76551860, BIC: BYLADEM1ROT

 SPARKASSE FÜRTH, FÜRTH, BAY

 Sort. code: 76250000, BIC: BYLADEM1SFU

 SPARKASSE NÜRNBERG, NÜRNBERG, MITTELFR

 Sort. code: 76050101, BIC: SSKNDE77XXX

 

 

FINANCIAL FIGURES

 

 Financial year:      01.01. - 31.12.

 earnings component:  2011               EUR          4,158,427.00

 Profit:              2011               EUR          1,009,460.00

 Equipment:                              EUR             26,710.00

 Employees:                                                     37

 - thereof permanent staff:                                     27

 - Part-time 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.54.26

UK Pound

1

Rs.81.93

Euro

1

Rs.70.21

 

 

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

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.