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Report Date : |
09.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
ZERO CLOTHING GMBH
& CO. KOMMANDITGESELLSCHAFT |
|
|
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Registered Office : |
Konsul-Smidt-Str. 8g, D 28217 Bremen,
Post Box: 10 45 40, D 28045 Bremen |
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Country : |
Germany |
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Date of Incorporation : |
14.03.1997 |
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Com. Reg. No.: |
HRA 21313 HB |
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Legal Form : |
Ltd partnership with priv. ltd.
company as general partner |
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Line of Business : |
Wholesale of Clothing |
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No. of Employees : |
84 |
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 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – 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
Zero Clothing GmbH & Co.
Kommanditgesellschaft
Company Status: active
Konsul-Smidt-Str. 8g
D 28217 Bremen
Post Box:
10 45 40, D 28045 Bremen
Telephone:0421/449901
Telefax: 0421/4499199
Homepage: www.zero.de
E-mail: zero@zero.de
Business relations are permissible.
LEGAL FORM Ltd
partnership with priv. ltd. company as general partner
Date of foundation: 14.03.1997
Registered on: 14.03.1997
Register of
companies: Local
court 28195 Bremen
under: HRA
21313 HB
EUR 306,775.13
zero Germany GmbH &
Co. KG
Konsul-Smidt-Str. 8g
D 28217 Bremen
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR 5,500,000.00
contribution:
Share: EUR 306,775.13
Registered on: 14.03.1997
Reg. data: 28195 Bremen,
HRA 21309 HB
General partner:
zero Clothing GmbH
-Beteiligungen-
Konsul-Smidt-Str. 8g
D 28217 Bremen
Post Box:
10 45 40, D 28045
Bremen
Legal form: Private
limited company
Share capital: EUR 30,000.00
Registered on: 05.03.1997
Reg. data: 28195 Bremen,
HRB 17235 HB
Shareholder:
Reinhard Ludwig Friedrich
Fischer
Schwachhauser Heerstr.
266a
D 28359 Bremen
born: 09.04.1954
Share: EUR 15,000.00
Shareholder:
Detlef Ruddat
Unter den Eichen 6
D 28213 Bremen
born: 18.12.1942
Share: EUR 15,000.00
Manager:
Reinhard Ludwig Friedrich
Fischer
Schwachhauser Heerstr.
266a
D 28359 Bremen
authorized to jointly
represent the company
born: 09.04.1954
Marital status: married
Manager:
Detlef Ruddat
Unter den Eichen 6
D 28213 Bremen
authorized to jointly
represent the company
born: 18.12.1942
Profession: Businessman
Marital status: married
Manager:
Marc Nientkewitz
D 28195 Bremen
authorized to jointly
represent the company
born: 10.04.1971
Manager:
Werner Teschke
D 28195 Bremen
authorized to jointly
represent the company
born: 01.07.1953
Proxy:
Gonzalo Méndez Gandón
D 25421 Pinneberg
authorized to jointly
represent the company
born: 03.08.1970
14.03.1997 - 03.09.1997 zero einkaufs- und verwaltungsgmbh & co.
kommanditgesellschaft
Hemelinger Str. 16-18
D 28205 Bremen
Ltd partnership with
priv. ltd. company
as general partner
03.09.1997 - 04.12.2007 zero Clothing GmbH & Co.
Kommanditgesellschaft
Hemelinger Str. 16-18
D 28205 Bremen
Ltd partnership with
priv. ltd. company
as general partner
Main industrial sector
46421
Wholesale of clothing
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Type of ownership: Tenant
Address Konsul-Smidt-Str.
8g
D 28217 Bremen
Real Estate of: zero
Clothing GmbH -Beteiligungen-
Type of ownership: Tenant
Address Konsul-Smidt-Str.
8g
D 28217 Bremen
Land register documents were not available.
Principal bank
COMMERZBANK, BREMEN
Sort. code: 29040090, BIC: COBADEFF290
Further banks
SEB, BREMEN
Sort. code: 29010111, BIC: ESSEDE5F290
SPARKASSE BREMEN, BREMEN
Sort. code: 29050101, BIC: SBREDE22XXX
Financial
year: 01.01. - 31.12.
Gross profit or loss:2011 EUR 16,000,000.00
2012 EUR 16,000,000.00
further business figures:
Equipment: EUR 930,401.00
Ac/ts receivable: EUR 4,661,235.00
Liabilities: EUR 3,396,645.00
Employees:
84
-
thereof permanent staff: 69
-
Part-time employees: 15
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.54.16 |
|
|
1 |
Rs.83.88 |
|
Euro |
1 |
Rs.70.99 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIT |
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.