MIRA
INFORM REPORT
|
Report Date : |
24.05.2013 |
IDENTIFICATION DETAILS
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Name : |
Street One GmbH |
|
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Registered Office : |
Hunäusstr. 5, D 29227 Celle |
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Country : |
Germany |
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Year of Establishment : |
1983 |
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Com. Reg. No.: |
HRB101511 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesale of textiles |
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No. of Employees : |
240 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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 |
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High |
B2 |
|
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 6.5% 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
Comapny Name And Address
Street One GmbH
Company Status: active
Hunäusstr. 5
D 29227
Celle
Telephone:05141/9980
Telefax: 05136/9773400
Homepage: fashion.streetone.de
E-mail: info@de.street-one.com
VAT no.
DE813587633
CONCLUSION
Business relations are permissible
Comapny summary
LEGAL FORM Private
limited company
Date of foundation: 1983
Begin of business
activities: 2002
Shareholders'
agreement: 25.11.2002
Registered on: 06.12.2002
Commercial Register: Local court 21335 Lüneburg
under: HRB
101511
Share capital
EUR 25,000.00
Shareholder
CBR
Textile GmbH
Hunäusstr. 5
D 29227 Celle
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Share: EUR 25,000.00
Registered on: 02.09.2005
Reg.
data: 21335 Lüneburg, HRB 102193
Control and profit transfer agreement
Manager:
Christoph Ekkehart Rosa
D
97013 Würzburg
born:
19.12.1971
Profession: Fully qualified management
expert
Marital status: unknown
Manager:
Thomas
Kromik
D
30159 Hannover
born:
08.01.1970
Proxy:
Alex
Ibakasap
Grünstr. 1a
D
51371 Leverkusen
authorized to jointly represent the company
born:
27.01.1981
Marital
status: unknown
Proxy:
Maike
Bolenz
D
71701 Schwieberdingen
authorized to jointly represent the company
born:
13.09.1972
Further functions/participations of Christoph
Ekkehart Rosa
(Manager)
Limited partner:
Adolf
Rosa GmbH & Co KG
Markt
17
D
97421 Schweinfurt
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 10,000.00
contribution:
Share: EUR 4,900.00
Registered
on: 07.12.1999
Reg.
data: 97421
Schweinfurt, HRA 643
Shareholder:
Vertical Managementsupport GmbH
Nikolaus-Fey-Str. 35
D
97084 Würzburg
Legal form: Private limited
company in
liquidation
Share
capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 14.02.2008
Reg.
data: 97070
Würzburg, HRB 9723
Shareholder:
CER
GmbH
Keßlergasse 24
D
97421 Schweinfurt
Legal form: Private limited company
Share
capital: EUR 25,000.00
Share: EUR 12,750.00
Registered
on: 05.07.2003
Reg.
data: 97421
Schweinfurt, HRB 4364
Shareholder:
Adolf
Rosa Textilhandelsgesellschaft mit
beschränkter Haftung
Keßlergasse 24
D
97421 Schweinfurt
Legal
form: Private limited company
Share
capital: EUR 25,564.59
Share: EUR 12,526.65
Registered
on:
11.10.1972
Reg.
data: 97421
Schweinfurt, HRB 119
Shareholder:
Rosa
Verwaltungs-GmbH
Friedrich-Seyffert-Str. 8
D
97422 Schweinfurt
Legal form: Private limited company
Share
capital: EUR 25,000.00
Share: EUR 12,250.00
Registered
on: 16.05.2003
Reg.
data: 97421
Schweinfurt, HRB 4363
Manager:
CBR
Campus Projekt Zwei GmbH
Imkerstr. 4
D
30916 Isernhagen
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 11.06.2008
Reg.
data: 30175
Hannover, HRB 203018
Manager:
CBR
Multibrand GmbH
Hunäusstr. 5
D
29227 Celle
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on:
19.02.2008
Reg.
data: 21335
Lüneburg, HRB 201157
Manager:
CBR
International Verwaltungs GmbH
Hunäusstr. 5
D
29227 Celle
Legal form:
Private limited company
Share
capital: EUR 25,000.00
Registered
on: 17.11.2008
Reg.
data: 21335
Lüneburg, HRB 201520
Manager:
CBR Fashion Holding GmbH
Hunäusstr. 5
D
29227 Celle
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 22.03.2007
Reg.
data: 21335
Lüneburg, HRB 200705
Manager:
CBR
eCommerce GmbH
Hunäusstr. 5
D
29227 Celle
Legal form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 28.05.2008
Reg.
data: 21335 Lüneburg, HRB 201286
Manager:
CBR
Campus Projekt GmbH
Imkerstr. 4
D
30916 Isernhagen
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 20.02.2008
Reg.
data: 30175
Hannover, HRB 202633
Manager:
One
Touch GmbH
Hunäusstr. 5
D
29227 Celle
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 14.12.1999
Reg.
data: 21335
Lüneburg, HRB 101008
Manager:
Cecil
GmbH
Hunäusstr. 5
D
29227 Celle
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 14.03.2003
Reg.
data: 21335
Lüneburg, HRB 101599
Manager:
CER
GmbH
Keßlergasse 24
D
97421 Schweinfurt
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 05.07.2003
Reg.
data: 97421
Schweinfurt, HRB 4364
Manager:
CBR
Fashion Commercial GmbH
Hunäusstr. 5
D
29227 Celle
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 15.08.2005
Reg.
data: 21335
Lüneburg, HRB 102185
Manager:
CBR
Fashion Operations GmbH
Hunäusstr. 5
D 29227 Celle
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 06.12.2002
Reg. data: 21335
Lüneburg, HRB 101512
Manager:
Cecil
Men GmbH
Hunäusstr. 5
D
29227 Celle
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 15.01.2008
Reg.
data: 21335
Lüneburg, HRB 201106
Manager:
CBR
Textile GmbH
Hunäusstr. 5
D
29227 Celle
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 02.09.2005
Reg. data: 21335
Lüneburg, HRB 102193
Manager:
CBR
Fashion GmbH
Hunäusstr. 5
D
29227 Celle
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 22.03.2007
Reg.
data: 21335
Lüneburg, HRB 200706
Manager:
CBR
Retail GmbH
Hunäusstr.
5
D
29227 Celle
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 27.12.2012
Reg. data: 21335 Lüneburg, HRB 204120
Liquidator:
Vertical Managementsupport GmbH
Nikolaus-Fey-Str. 35
D
97084 Würzburg
Legal
form: Private limited company in
liquidation
Share
capital: EUR 25,000.00
Registered
on: 14.02.2008
Reg.
data: 97070
Würzburg, HRB 9723
Further functions/participations of Thomas
Kromik (Manager)
Proprietor:
Thom
Krom e. K.
An der
Weide 33
D
30173 Hannover
Legal
form: Sole proprietorship
Registered
on: 06.02.2009
Reg.
data: 30175
Hannover, HRA 201276
COMPANY HISTORY
21.01.2005 -
07.02.2005 Street One Beteiligungs GmbH
Hunäusstr. 5
D 29227 Celle
Private limited company
RESIGNED ACTING PERSONS AND SHAREHOLDERS
23.11.2009 -
28.08.2012 Manager
Thomas Gottlieb Schmidt
D
22589 Hamburg
27.09.2010 -
02.02.2012 Manager
Jan Rosenberg
D
81675 München
BUSINESS ACTIVITIES
Main industrial sector
4641 Wholesale of textiles
BRANCHES AND FACTORIES
Works:
Street
One GmbH
Imkerstr. 4
D
30916 Isernhagen
TEL.:
05136/9773-0
FAX.:
05136/9773-400
Branch:
Street
One GmbH
Modering 5
D 22457 Hamburg
FINANCIAL INFORMATION
Payment experience: within
agreed terms
Negative information:We have no negative information at hand.
REAL ESTATE
Type of ownership: Tenant
Address Hunäusstr.
5
D
29227 Celle
Type of ownership: Tenant
Address Imkerstr. 4
D 30916 Isernhagen
Real Estate of: Christoph
Ekkehart Rosa
Type of ownership: Tenant
Address Oberer
Neubergweg 8
D 97074 Würzburg
Land register documents were not available.
BANKERS
UNICREDIT BANK -
HYPOVEREINSBANK, CELLE
Sort. code: 20030000, BIC:
HYVEDEMM300
UNICREDIT BANK -
HYPOVEREINSBANK, MÜNCHEN
Sort. code: 70020270,
Account no.: 667526558, BIC: HYVEDEMMXXX
FINANCIAL FIGURES
Financial year: 01.01. - 31.12.
Share capital: EUR 25,000.00
Employees:
240
Control and profit transfer
agreement to:
CBR
Textile GmbH
Hunäusstr. 5
D 29227 Celle
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.99 |
|
|
1 |
Rs.84.19 |
|
Euro |
1 |
Rs.71.86 |
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.