|
Report Date : |
14.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
HOME
SHOPPING EUROPE GMBH |
|
|
|
|
Registered Office : |
Münchener Str. 101h D 85737 Ismaning |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
09.11.2005 |
|
|
|
|
Legal Form : |
Private
limited company |
|
|
|
|
Line of Business : |
Subject
is engaged in ·
Retail
sale via mail-order houses or Internet ·
Television
programming and broadcasting activities |
|
|
|
|
No. of Employees : |
715 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Unknown |
|
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
Report
on: Home Shopping Europe GmbH
Company Status: active
Münchener Str. 101h
D 85737 Ismaning
Telephone:089/96060-0
Telefax: 089/96060-110
Homepage: www.hse24.de
E-mail: service@hse24.de
VAT no.: DE255554393
Tax ID number: 143/146/80872
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 07.11.2005
Shareholders'
agreement: 07.11.2005
Registered on: 09.11.2005
Commercial Register: Local court 80333 München
under: HRB
159494
Share capital: EUR 50,100.00
Shareholder:
HSE24 Holding GmbH
Münchener Str. 101h
D 85737 Ismaning
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 50,100.00
Registered on: 26.11.2009
Reg. data: 80333 München,
HRB 182625
Profit transfer agreement
Manager:
Richard Reitzner
Schlagintweitstr. 17
D 80638 München
authorized to jointly
represent the company
born: 16.06.1964
Member of
the Supervisory Board:
Robert Sudo
D 85737 Ismaning
Marital status: unknown
Member of
the Supervisory Board:
Konrad Hilbers
D 85737 Ismaning
Marital status: unknown
Representative of the Employees within the
Supervisory Board:
Uwe Richter
Durchlaß 2
D 85737 Ismaning
Proxy:
Gerhard Weinfurtner
D 85652 Pliening
authorized to jointly
represent the company
born: 21.03.1964
Proxy:
Ralph Brugger
D 80636 München
authorized to jointly
represent the company
born: 20.07.1966
Further functions/participations of Richard
Reitzner (Manager)
Manager:
HSE24 Holding GmbH
Münchener Str. 101h
D 85737 Ismaning
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 26.11.2009
Reg. data: 80333 München, HRB 182625
Manager:
HSE24 Beteiligungs GmbH
Münchener Str. 101h
D 85737 Ismaning
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 26.11.2009
Reg. data: 80333 München, HRB 182624
Manager:
HSE24 Finance &
Service GmbH
Münchener Str. 101h
D 85737 Ismaning
Legal form: Private
limited company
Share capital: EUR 27,935.00
Registered
on: 30.08.2012
Reg. data: 80333 München, HRB 200648
Manager:
HSE24 Multichannel GmbH
Münchener Str. 101h
D 85737 Ismaning
Legal form: Private
limited company
Share capital: EUR 32,185.00
Registered
on: 01.08.2012
Reg. data: 80333 München, HRB 200142
Manager:
HSE24 Trading GmbH
Münchener Str. 101h
D 85737 Ismaning
Legal form: Private
limited company
Share capital: EUR 27,935.00
Registered
on: 31.07.2012
Reg. data: 80333 München, HRB 200123
07.11.2005 - 30.12.2005 heptus
78. GmbH
Bavariaring 29
D 80336 München
Private limited company
30.12.2005 - 17.10.2007 Home
Shopping Europe Holding GmbH
Münchener Str. 101h
D 85737 Ismaning
Private limited company
Main industrial sector
47919
Other retail sale via mail-order houses or Internet
6020 Television programming and broadcasting
activities
Payment experience: within periods customary in this trade
Negative information:We have no negative
information at hand.
Type of ownership: Tenant
Address Münchener
Str. 101h
D 85737 Ismaning
Land register documents were not available.
UNICREDIT BANK - HYPOVEREINSBANK, MÜNCHEN
Sort. code: 70020270, Account no.: 23984, BIC:
HYVEDEMMXXX
Financial year: 01.01. - 31.12.
Share capital: EUR
50,100.00
The number of employees is not known.
Profit transfer agreement to:
HSE24 Holding GmbH
Münchener Str. 101h
D 85737 Ismaning
This company exercises the option not to publish
its annaul balance
and is included in the annual financial
statement of HSE24
Beteiligungs GmbH.
Basic data of the group for 31.12.2011
Sales revenues: 469.757.000
Annual surplus of the group: 19.051.000
Receivables: 39.628.000
Liabilities: 213.217.000
Staff 715
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.65 |
|
|
1 |
Rs.101.17 |
|
Euro |
1 |
Rs.85.55 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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.