MIRA INFORM REPORT
|
Report Date : |
13.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
Conleys Modekontor Gmbh |
|
|
|
|
Registered Office : |
Strandbaddamm 2-4, D 22880 Wedel |
|
|
|
|
Country : |
Germany |
|
|
|
|
Date of Incorporation : |
05.01.1996 |
|
|
|
|
Com. Reg. No.: |
HRB 4046 PI |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Retail sale via mail-order houses or
Internet of textiles,
clothing, footwear and leather goods |
|
|
|
|
No. of Employees : |
696 |
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 – 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
CONLEYS Modekontor GmbH
Company Status: active
Strandbaddamm
2-4
D
22880 Wedel
Telephone:0180/5252581
Telefax: 0180/5252582
Homepage: www.conleys.de
E-mail: webmaster@conleys.de
DE814077027
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 05.01.1996
Begin of business
activities: 05.01.1996
Shareholders'
agreement: 05.01.1996
Registered on: 07.03.1996
Commercial Register: Local court 25421 Pinneberg
under: HRB
4046 PI
EUR 767,000.00
Schneider Versand GmbH
Strandbaddamm 2-4
D
22880 Wedel
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Share: EUR 767,000.00
Registered on: 07.03.2006
Reg.
data: 25421 Pinneberg, HRB 6369
PI
Control and profit transfer agreement
Manager:
Stephan Schneider
Hallerstr. 72
D
20146 Hamburg
authorized to jointly represent the company
born:
12.11.1965
Profession: Businessman
Marital status: unknown
Manager:
Ulf
Cronenberg
D
26180 Rastede
having
sole power of representation
born:
21.05.1965
Profession: Management expert
Manager:
Sven
Hansen
Hallerplatz 1
D
20146 Hamburg
authorized to jointly represent the company
born: 09.01.1972
Profession: Businessman
Further functions/participations of Stephan
Schneider (Manager)
Shareholder:
Geelong GmbH
Hafenstr. 34
D 22880
Wedel
Legal
form: Private limited company
Share
capital: EUR 26,000.00
Share: EUR 26,000.00
Registered
on:
02.09.2005
Reg.
data: 25421
Pinneberg, HRB 6222 PI
Shareholder:
Geelong II GmbH
Hafenstr. 34
D
22880 Wedel
Legal
form: Private limited company
Share
capital: EUR 25,600.00
Share: EUR 25,600.00
Registered
on: 07.06.1985
Reg.
data: 25421
Pinneberg, HRB 2051 PI
Shareholder:
Hotel
Senator Marina Betriebsgesellschaft
mbH
Hafenstr. 28
D
22880 Wedel
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 05.05.2003
Reg.
data: 25421
Pinneberg, HRB 5699 PI
Shareholder:
Schneider Management GmbH
Weizengasse 3
D
65929 Frankfurt
Legal
form: Private limited company
Share capital: EUR 25,000.00
Share: EUR 2,500.00
Registered
on: 08.11.2005
Reg.
data: 60313
Frankfurt, HRB 75830
Manager:
Geelong II GmbH
Hafenstr. 34
D
22880 Wedel
Legal
form: Private limited company
Share
capital: EUR 25,600.00
Registered
on: 07.06.1985
Reg.
data: 25421
Pinneberg, HRB 2051 PI
Manager:
Geelong GmbH
Hafenstr. 34
D
22880 Wedel
Legal form: Private limited
company
Share
capital: EUR 26,000.00
Registered
on: 02.09.2005
Reg.
data: 25421
Pinneberg, HRB 6222 PI
Manager:
Lupita
GmbH
Hafenstr. 34
D
22880 Wedel
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 11.04.2013
Reg.
data: 20355
Hamburg, HRB 127064
Manager:
Gusano
Media GmbH
Hafenstr. 34
D
22880 Wedel
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 20.03.2013
Reg.
data: 20355
Hamburg, HRB 126812
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: 40227
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:
02.08.1988
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:
Schneider Versand GmbH
Strandbaddamm 2-4
D
22880 Wedel
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 07.03.2006
Reg.
data: 25421 Pinneberg, HRB 6369
PI
05.01.1996 -
14.03.1997 Beteiligungsgesellschaft
CONLEY'S
Modekontor GmbH
Hafenstr. 32
D
22880 Wedel
Private limited company
14.03.1997 -
31.12.2006 CONLEY'S Modekontor GmbH
Hafenstr. 32
D
22880 Wedel
Private limited company
31.12.2006 -
31.05.2012 CONLEY'S Modekontor GmbH
Strandbaddamm 2-4
D
22880 Wedel
Private limited company
31.05.2012 -
09.10.2012 CONLEY'S Modekontor GmbH
Strandbaddamm 4
D
22880 Wedel
Private limited company
09.10.2012 -
12.10.2012 CONLEYS Modekontor GmbH
Strandbaddamm 4
D 22880 Wedel
Private limited company
Main industrial sector
47911 Retail sale via mail-order houses or
Internet of textiles, clothing, footwear and leather goods
Secondary industrial sector
47710 Retail sale of clothing
Branch:
CONLEYS Modekontor GmbH
Ruhrstr. 61
D
22761 Hamburg
TEL.:
040/819790
FAX.:
040/81979387
Payment experience: within agreed terms
Negative information:We
have no negative information at hand.
Type of ownership: Tenant
Address Strandbaddamm
2-4
D 22880 Wedel
Real Estate of: Stephan
Schneider
Type of ownership: Tenant
Address Hartungstr.
16
D 20146 Hamburg
Land register documents
were not available.
DEUTSCHE BANK, HAMBURG
Sort. code: 20070000,
Account no.: 5912902, BIC: DEUTDEHHXXX
Financial year: 01.01. - 31.12.
Turnover: 2011 EUR 50,000,000.00
2012 EUR 51,000,000.00
further
business figures:
Share capital: EUR 767,000.00
Equipment: EUR 2,081,008.00
Ac/ts receivable: EUR 24,231,030.00
Liabilities: EUR 12,703,457.00
Employees:
696
Control and profit transfer
agreement to:
Schneider Versand GmbH
Strandbaddamm 2-4
D
22880 Wedel
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.54.54 |
|
|
1 |
Rs.84.19 |
|
Euro |
1 |
Rs.71.11 |
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.