MIRA INFORM REPORT

 

 

Report Date :

21.04.2014              

 

IDENTIFICATION DETAILS

 

Name :

BONITA GMBH

 

 

Registered Office :

Kesseldorfer Rott 39 D 46499 Hamminkeln

 

 

Country :

Germany

 

 

Date of Incorporation :

27.12.2005

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Wholesale of clothing

 

 

No. of Employees

4,405

 

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 31, 2014

 

Country Name

Previous Rating

(31.12.2013)

Current Rating

(31.03.2014)

Germany

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderate Low Risk

 

B1

Moderate Risk

 

B2

Moderate High Risk

 

C1

High Risk

 

C2

Very High Risk

 

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, has contributed to strong growth 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 5.3% in 2013. The new German government introduced a minimum wage of $11 per hour to take effect in 2015. 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 and 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. 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 and address

 

BONITA GMBH

 

 Company Status:          active

Kesseldorfer Rott 39

D 46499 Hamminkeln

Telephone:02852/9500

Telefax:  02852/950170

Homepage: www.bonita.de

E-mail:   info@tom-tailor.com

 

 

 CONCLUSION

 

 Business relations are permissible.

 

 

Company summary

 

 LEGAL FORM              Private limited company

 Date of foundation:      19.10.2005

 Shareholders'

 agreement:                   19.10.2005

 Registered on:              27.12.2005

 Commercial Register:   Local court 47051 Duisburg

 under:                          HRB 18191

 

 Share capital:                          EUR          3,000,000.00

 

 Shareholder:

                      TOM TAILOR Holding AG

                      Garstedter Weg 14

                      D 22453 Hamburg

                      Legal form: Public limited company

                      Share capital:     EUR         26,027,133.00

                      Share:             EUR          3,000,000.00

                      Registered on: 21.12.2007

                      Reg. data: 20355 Hamburg, HRB 103641

                      Profit transfer agreement

 Manager:

                      Udo Greiser

                      D 78462 Konstanz

                      having sole power of representation

                      born: 13.07.1957

                      Marital status: single

 Manager:

                      Holger Eisenblätter

                      D 71634 Ludwigsburg

                      born: 20.12.1963

                      Profession: Lawyer

 Proxy:

                      Jens Bächle

                      D 20095 Hamburg

                      authorized to jointly represent the company

                      born: 12.02.1975

                      Profession: Businessman

                      Marital status: single

 Proxy:

                      Kerstin Kranz

                      D 42103 Wuppertal

                      authorized to jointly represent the company

                      born: 01.10.1966

 Proxy:

                      Christian Frederik Werner

                      D 61440 Oberursel

                      authorized to jointly represent the company

                      born: 22.03.1976

 Proxy:

                      Hans-Werner Eickstädt

                      D 46446 Emmerich

                      authorized to jointly represent the company

                      born: 20.03.1960

 Proxy:

                      Marc Gorbauch

                      D 22453 Hamburg

                      authorized to jointly represent the company

                      born: 20.08.1965

 Proxy:

                      Markus Theodor Leitermann

                      D 46483 Wesel

                      authorized to jointly represent the company

                      born: 24.06.1963

 

 Further functions/participations of Udo Greiser (Manager)

 Proprietor:

                      Udo Greiser

                      Werthmannweg 2

                      D 78464 Konstanz

                      Legal form: Unregistered commercial

                                  enterprise

 Proprietor:

                      Handelsagentur Udo Greiser e. K.

                      Werthmannweg 4

                      D 78464 Konstanz

                      Legal form: Sole proprietorship

                      Registered

                      on:         04.07.2007

                      Reg. data:  79098 Freiburg, HRA 700658

 Manager:

                      GEWIB GmbH

                      Kesseldorfer Rott 39

                      D 46499 Hamminkeln

                      Legal form: Private limited company

                      Share capital:     EUR          5,982,115.01

                      Registered

                      on:         14.10.1998

                      Reg. data:  47051 Duisburg, HRB 11287

 Manager:

                      BONITA E-Commerce GmbH

                      Im Hegen 1

                      D 22113 Oststeinbek

                      Legal form: Private limited company

                      Share capital:     EUR             25,564.59

                      Registered

                      on:         11.01.2013

                      Reg. data:  23568 Lübeck, HRB 12635 HL

 

 Further functions/participations of Holger Eisenblätter (Manager)

 Manager:

                      GEWIB GmbH

                      Kesseldorfer Rott 39

                      D 46499 Hamminkeln

                      Legal form: Private limited company

                      Share capital:     EUR          5,982,115.01

                      Registered

                      on:         14.10.1998

                      Reg. data:  47051 Duisburg, HRB 11287

 Member of the Supervisory Board:

                      BONITA AG

                      Lilienthalstr. 6 OT

                      Waltersdorf

                      D 12529 Schönefeld

                      Legal form: Public limited company

                      Share capital:     EUR          9,000,000.00

                      Registered

                      on:         13.03.2007

                      Reg. data:  03044 Cottbus, HRB 10188 CB

 Proxy:

                      Tom Tailor GmbH

                      Garstedter Weg 14

                      D 22453 Hamburg

                      Legal form: Private limited company

                      Share capital:     EUR          2,525,000.00

                      Registered

                      on:         19.07.2005

                      Reg. data:  20355 Hamburg, HRB 94278

 Proxy:

                      Tom Tailor Retail GmbH

                      Garstedter Weg 14

                      D 22453 Hamburg

                      Legal form: Private limited company

                      Share capital:     EUR             52,000.00

                      Registered

                      on:         04.11.1993

                      Reg. data:  20355 Hamburg, HRB 54164

 

 

 COMPANY HISTORY

 

 27.12.2005 - 26.09.2013  BONITA Deutschland Holding GmbH

                          Kesseldorfer Rott 39

                          D 46499 Hamminkeln

                          Private limited company

 

 

 BUSINESS ACTIVITIES

 

 Main industrial sector

 46421   Wholesale of clothing

 

4771    Retail sale of clothing

 

 

 PARTICIPATIONS

 

 Shareholder:

                      BONITA Deutschland Holding Verwaltungs-GmbH

                      Kesseldorfer Rott 39

                      D 46499 Hamminkeln

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,564.59

                      Share:             EUR             25,564.59

                      Reg. data:  20.05.1999

                                  Local court 47051 Duisburg

                                  HRB 11334

 

 Payment experience:  cash discount/within agreed terms

 

 Negative information:We have no negative information at hand.

 

REAL ESTATE

 

 Type of ownership:       Tenant

 Address                       Kesseldorfer Rott 39

                                    D 46499 Hamminkeln

 

 Real Estate of:             Udo Greiser

 Type of ownership:       part owner

 Share:                          25.00 %

 Address                       Rudolf-Diesel-Str. 1a

                                     D 78467 Konstanz

 Value at selling price:                 EUR          2,045,000.00

 

 Land register documents were not available.

 

 

 BANKERS

 

 Principal bank

 COMMERZBANK, 20454 HAMBURG

 Sort. code: 20040000

 BIC: COBADEHHXXX

 

 Further banks

 DEUTSCHE BANK, 20079 HAMBURG

 Sort. code: 20070000

 BIC: DEUTDEHHXXX

 VERBANDS-SPARKASSE WESEL, 46466 WESEL A RHEIN

 Sort. code: 35650000

 BIC: WELADED1WES

 

 

 FINANCIAL FIGURES

 

 Financial year:                          01.01. - 31.12.

 Share capital:                          EUR          3,000,000.00

 The number of employees is not known.

 

 Profit transfer agreement to:

 

TOM TAILOR Holding AG

Garstedter Weg 14

D 22453 Hamburg

 

 

 

 

 The company exercises the option not to publish its balance and is  included as subsidiary company in the group balance of BONITA International Verwaltungs GmbH.

 

 Basic data of the group                       (01.03.2011 – 29.02.2012):

 Staff:                                                   4.405                 

 Trade and accounts receivables:            9.047.789,19 EUR          

 Trade and accounts liabilities:                18.613.391,77 EUR          

 External sales revenues:                       377.177.399,99 EUR          

 Group annual surplus:                                        22.176.679,77 EUR          

 Group balance sheet profit:                  44.746,59 EUR          

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.60.38

UK Pound

1

Rs.101.63

Euro

1

Rs.83.57

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

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%)

 

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.