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Report Date : |
25.03.2013 |
IDENTIFICATION DETAILS
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Name : |
TREBES & HENNING HANDSCHUHE UND
ARBEITSBEKLEIDUNG GMBH & CO. KG |
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Registered Office : |
Gewerbering 5 Zeestow, D 14656 Brieselang |
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Country : |
Germany |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
1907 |
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Com. Reg. No.: |
HRA 2770 P |
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Legal Form : |
Ltd partnership with priv. ltd. company as
general partner |
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Line of Business : |
Manufacture of other wearing apparel and
accessories |
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No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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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Status : |
Good |
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Payment Behaviour : |
Regular |
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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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
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Very High |
C1 |
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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.
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Source : CIA |
Trebes & Henning Handschuhe und
Arbeitsbekleidung GmbH & Co. KG
Gewerbering 5 Zeestow
D 14656 Brieselang
Telephone:033234/9060
Telefax:
033234/90640
Homepage: www.trebeshenning.de
E-mail:
info@trebeshenning.de
DE136654216
051/186/04514
LEGAL FORM Ltd
partnership with priv. ltd. company as general partner
Date of foundation: 1907
Begin of business
activities: 01.03.1950
Registered on: 12.01.2001
Register of
companies: Local
court 14467 Potsdam
under: HRA
2770 P
Total cap. contribution: EUR 24,542.01
Horst Henning
Cauerstr. 34
D 10587 Berlin
born: 01.06.1941
Share: EUR 8,180.67
Limited partner:
Berndt Henning
Am Rohrgarten 51
D 14163 Berlin
born: 25.05.1947
Share: EUR 8,180.67
Limited partner:
Torben Henning
Am Föhrenhang 38
D 14476 Potsdam
Share: EUR 8,180.67
Henning GmbH
Lederhandschuhe und
Arbeitsbekleidung
Gewerbering 5
D 14656 Brieselang
Legal form:
Private limited company
Share
capital: EUR 26,075.88
Registered on:
12.10.2000
Reg. data: 14467
Potsdam, HRB 14285 P
Horst Henning
Cauerstr. 34
D 10587 Berlin
born: 01.06.1941
Share: EUR 8,691.96
Shareholder:
Berndt Henning
Am Rohrgarten 51
D 14163 Berlin
born: 25.05.1947
Share: EUR 8,691.96
Shareholder:
Torben Henning
Am Föhrenhang 38
D 14476 Potsdam
Share: EUR 8,691.96
Horst Henning
Cauerstr. 34
D 10587 Berlin
having sole power
of representation
born: 01.06.1941
Marital status:
married
Manager:
Berndt Henning
Am Rohrgarten 51
D 14163 Berlin
having sole power of
representation
born: 25.05.1947
Marital status:
married
12.01.2001 - 12.02.2001 Trebes & Henning Handschuhe und
Arbeitsbekleidung GmbH
& Co. KG
Königin-Elisabeth-Str.
47
D 14059 Berlin
Ltd partnership with
priv. ltd. company
as general partner
Main industrial sector
1419
Manufacture of other wearing apparel and accessories
n.e.c.
Secondary industrial sector
46421
Wholesale of clothing
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2011
Type of ownership: Tenant
Address Gewerbering 5
D 14656 Brieselang
Type of ownership: Tenant
Address Gewerbering 5 Zeestow
D 14656 Brieselang
Real Estate of: Henning GmbH Lederhandschuhe und
Arbeitsbekleidung
Type of ownership: Tenant
Address Gewerbering 5
D 14656 Brieselang
Land register documents were not available.
DEUTSCHE BANK FIL BERLIN, BERLIN
Sort. code: 10070000, BIC: DEUTDEBBXXX
BERLINER BANK NIEDERLASSUNG DER DEUTSCHE BANK
PGK, BERLIN
Sort. code: 10070848, BIC: DEUTDEDB110
COMMERZBANK VORMALS DRESDNER BANK FILIALE
BERLIN I, BERLIN
Sort. code: 10080000, BIC: DRESDEFF100
POSTBANK, BERLIN
Sort. code: 10010010, BIC: PBNKDEFF100
Turnover: 2011 EUR 8,200,000.00
Ac/ts receivable: EUR 488,663.00
Liabilities: EUR 959,420.00
Employees: 26
The aforementioned business figures may partly
be estimated
information based on average values in the
line of business.
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 61.07
Liquidity ratio: 0.70
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 59.48
Liquidity ratio: 0.66
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 61.34
Liquidity ratio: 0.74
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 63.00
Liquidity ratio: 0.82
Equity ratio
The equity ratio indicates the portion of the
equity as compared
to the total capital. The higher the equity
ratio, the better the
economic stability (solvency) and thus the
financial autonomy of
a company.
Liquidity ratio
The liquidity ratio shows the proportion
between adjusted
receivables and net liabilities. The higher
the ratio, the lower
the company's financial dependancy from
external creditors.
Type of balance
sheet: Company balance sheet
Financial year:
01.01.2011 - 31.12.2011
ASSETS EUR 2,565,038.26
Fixed assets EUR 55,059.18
Intangible
assets EUR 4,311.00
Other /
unspecified intangible assetsEUR
4,311.00
Tangible
assets EUR 50,748.18
Other /
unspecified tangible assets EUR 50,748.18
Current
assets EUR 2,509,979.08
Stocks EUR 1,760,006.61
Accounts
receivable EUR 488,662.86
Other
debtors and assets EUR 488,662.86
Liquid
means EUR 261,309.61
LIABILITIES EUR 2,565,038.26
Shareholders'
equity EUR 1,567,337.58
Provisions EUR 38,280.55
Liabilities EUR 959,420.13
Other
liabilities EUR 959,420.13
Unspecified
other liabilities EUR 959,420.13
Type of balance
sheet:
Company balance sheet
Financial year:
01.01.2010 - 31.12.2010
ASSETS EUR 2,459,172.75
Fixed
assets EUR 93,190.18
Intangible
assets EUR 10,444.00
Other /
unspecified intangible assetsEUR
10,444.00
Tangible
assets EUR 82,746.18
Other /
unspecified tangible assets EUR 82,746.18
Current
assets EUR 2,354,082.57
Stocks EUR 1,677,533.40
Accounts
receivable EUR 549,870.25
Other
debtors and assets EUR 549,870.25
Liquid
means EUR 126,678.92
Remaining
other assets EUR 11,900.00
Accruals
(assets) EUR 11,900.00
LIABILITIES EUR 2,459,172.75
Shareholders'
equity EUR 1,464,840.42
Capital EUR 1,464,840.42
Limited
partner's capital / capital
of
partially liable partner (LP)
EUR 1,464,840.42
Provisions EUR 34,469.62
Liabilities EUR 959,862.71
Other
liabilities EUR 959,862.71
Unspecified
other liabilities EUR 959,862.71
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.33 |
|
|
1 |
Rs.82.55 |
|
Euro |
1 |
Rs.70.10 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.