MIRA INFORM REPORT

 

 

Report Date :

16.05.2013

 

IDENTIFICATION DETAILS

 

Name :

TEEKANNE GMBH & CO. KG

 

 

Registered Office :

Kevelaerer Str. 21-23, D 40549 Düsseldorf

 

 

Country :

Germany

 

 

Date of Incorporation :

25.09.2003

 

 

Com. Reg. No.:

HRA 16976

 

 

Legal Form :

Ltd partnership with priv. ltd. company as general partner

 

 

Line of Business :

Processing of coffee and tea

 

 

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 – 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

 


Company name

 

Teekanne GmbH & Co. KG

 

 

Company address

 

Kevelaerer Str. 21-23

D 40549 Düsseldorf

Telephone:        0211/5085-0

Telefax:            0211/5048-139

Homepage:       www.teekanne.de

E-mail:              info@teekanne.de

 

 

Company Status  

active

 

 

VAT no.          

 

DE813806883

 

 

CONCLUSION

 

Business relations are permissible.

 

 

Synthesis

 

 LEGAL FORM              Ltd partnership with priv. ltd. company as general partner

 Date of foundation:      2003

 Registered on:             25.09.2003

 Register of

 companies:                  Local court 40227 Düsseldorf

 under:                          HRA 16976

 Total cap. contribution:  EUR                100.00

 

 


Limited partner

 

Wilken Tee Gesellschaft mit beschränkter

Haftung

Leerer Landstr. 46

D 26603 Aurich

Legal form: Private limited company

Share capital:     EUR             25,000.00

Share:             EUR                100.00

Registered on: 25.10.2000

Reg. data: 26603 Aurich, HRB 1232

 

 

General partner

 

Teekanne Holding GmbH

Kevelaerer Str. 21-23

D 40549 Düsseldorf

Legal form: Private limited company

Share capital:     EUR         13,871,400.00

Registered on: 30.08.1954

Reg. data: 40227 Düsseldorf, HRB 732

 

 

Shareholder

 

Carla Wüsthof

Florastr. 20

D 40667 Meerbusch

born: 10.06.1972

Share:             EUR          3,329,150.00

 

 Shareholder:

                      Stefanie Schapmann

                      D 40549 Düsseldorf

                      born: 24.09.1974

                      Share:             EUR          1,700,000.00

 Shareholder:

                      Carolin Moormann

                      Kaiser-Wilhelm-Ring 21

                      D 40545 Düsseldorf

                      born: 30.10.1972

                      Share:             EUR          1,700,000.00

 Shareholder:

                      Manuel Anders

                      USA - Barcelona

                      born: 14.06.1978

                      Share:             EUR          1,700,000.00

 Shareholder:

                      Isabel Lundeberg

                      A  Reith

                      born: 16.07.1974

                      Share:             EUR          1,700,000.00

 Shareholder:

                      Christina Nissle

                      Friedrich-von-der-Leyen-Str. 5

                      D 40667 Meerbusch

                      born: 26.08.1971

                      Share:             EUR          1,664,550.00

 Shareholder:

                      Cornelia Nissle

                      Friedrich-von-der-Leyen-Str.

                      15

                      D 40667 Meerbusch

                      born: 22.11.1982

                      Share:             EUR          1,664,550.00

 Shareholder:

                      Erbengemeinschaft Christina Nissle und

                      Cornelia Nissle

                      D 40667 Meerbusch

                      Legal form: Community of heirs

                      Share:             EUR            138,750.00

 Shareholder:

                      Claudia Wüsthof

                      Florastr. 20

                      D 40667 Meerbusch

                      born: 23.07.1941

                      Share:             EUR            138,700.00

 Shareholder:

                      Steffen Anders

                      Buchenweg 4

                      D 40667 Meerbusch

                      born: 25.09.1942

                      Share:             EUR             67,850.00

 Shareholder:

                      Uwe Anders

                      A  Reith b. Kitzbühel

                      born: 24.04.1945

                      Share:             EUR             67,850.00

 

 

Manager

 

Reinhold Schlensok

D 40549 Düsseldorf

having sole power of representation

born: 05.06.1962

Proxy

 

Theodor Hardering

D 46509 Xanten

authorized to jointly represent the company

born: 08.07.1958

 

 Proxy:

                      Gerhard Held

                      D 40668 Meerbusch

                      authorized to jointly represent the company

                      born: 19.04.1961

 Proxy:

                      Christian Bergmann

                      D 40549 Düsseldorf

                      authorized to jointly represent the company

                      born: 13.07.1970

 Proxy:

                      Bernd Schmidt

                      D 40667 Meerbusch

                      authorized to jointly represent the company

                      born: 12.10.1961

                      Marital status: unknown

 

 

COMPANY HISTORY

 

25.09.2003 - 01.12.2003  Teekanne Teehandelsgesellschaft mbH &

                          Co. KG

                          Kevelaerer Str. 21-23

                          D 40549 Düsseldorf

                          Ltd partnership with priv. ltd. company

                          as general partner

 

 

BUSINESS ACTIVITIES

 

Main industrial sector

·         10830   Processing of coffee and tea

·         46179   Agents involved in the sale of other food, beverages and tobacco

·         46370   Wholesale of coffee, tea, cocoa and spices

·         46389   Wholesale of food n.e.c.

 

 


BRANCHES AND FACTORIES

 

 Works:

                      Teekanne GmbH & Co. KG

                      Am Rhönbad 5

                      D 36043 Fulda

                      TEL.: 0661/945313

 

 

FINANCIAL INFORMATION

 

Payment experience:     in top condition

Negative information:    We have no negative information at hand.

 

 

REAL ESTATE

 

Type of ownership:        Tenant

Address                        Kevelaerer Str. 21-23

                                    D 40549 Düsseldorf

 

Land register documents were not available.

 

 

BANKERS

 

Principal bank

COMMERZBANK, DÜSSELDORF

Sort. code: 30040000, Account no.: 404416000, BIC: COBADEDDXXX

 

Further banks

BANKHAUS LAMPE, DÜSSELDORF

Sort. code: 48020151, Account no.: 1508873, BIC: LAMPDEDDXXX

 

STADTSPARKASSE DÜSSELDORF, DÜSSELDORF

Sort. code: 30050110, Account no.: 28003705, BIC: DUSSDEDDXXX

 

POSTBANK, ESSEN, RUHR

Sort. code: 36010043, Account no.: 63575-439, BIC: PBNKDEFF360

 

 

FINANCIAL FIGURES

 

Financial year:      01.04. - 31.03.

The number of employees is not known.


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.54.78

UK Pound

1

Rs.83.38

Euro

1

Rs.70.72

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.