MIRA INFORM REPORT

 

 

Report Date :

28.04.2014

 

IDENTIFICATION DETAILS

 

Name :

GIN TONIC SPECIAL MODE GMBH

 

 

Registered Office :

Schwertstr. 48, D 71065 Sindelfingen, Post Box: 560, D 71047 Sindelfingen

 

 

Country :

Germany

 

 

Date of Incorporation :

1982

 

 

Com. Reg. No.:

HRB 11604

 

 

Legal Form :

Private limited company

 

 

Line of Business :

Wholesale of clothing and footwear

 

 

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 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

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately 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

 

GIN TONIC SPECIAL MODE GMBH

 

Company Status:           active

                                    Schwertstr. 48

                                    D 71065 Sindelfingen

                                    Post Box:

                                    560, D 71047 Sindelfingen

                                     Telephone:07031/43550

                                    Telefax:  07031/4355298

                                     Homepage: www.gintonic.de

                                    E-mail:   welcome@gintonic.de

 

VAT no.:                                    DE147814384

 

 

Company summary

 

LEGAL FORM                Private limited company

Date of foundation:       1982

Shareholders'

agreement:                    08.06.1982

Registered on:               21.11.1985

Commercial Register:    Local court 70190 Stuttgart

under:                            HRB 11604

 

Share capital:                          EUR          1,050,000.00

 

Shareholder:

                     Ahlers AG

                     Elverdisser Str. 313

                     D 32052 Herford

                     Post Box:

                     11 55, D 32001 Herford

                     Legal form: Public limited company

                     Share capital:     EUR         43,200,000.00

                     Share:             EUR          1,050,000.00

                     Registered on: 11.10.2001

                     Reg. data: 32545 Bad Oeynhausen, HRB 6541

                     Control and profit transfer agreement

Manager:

                     Andreas Koerfer

                     Max-Planck-Str. 3

                     D 38228 Salzgitter

                     born: 13.01.1963

                     Marital status: single


Manager:

                     Dr. Stella A. Ahlers

                     CH  Zürich

                     born: 24.01.1965

                     Profession: Businessman

Manager:

                     Daniel Kraus

                     D 72760 Reutlingen

                     born: 27.06.1976

Manager:

                     Michael Bach

                     D 50667 Köln

                     authorized to jointly represent the company

                     born: 11.04.1964

Proxy:

                     Bruno Leder

                     D 31749 Auetal

                     authorized to jointly represent the company

                     born: 16.11.1956

                     Profession: Businessman

                     Marital status: unknown

Proxy:

                     Dr. Karsten Kölsch

                     D 32052 Herford

                     authorized to jointly represent the company

                     born: 23.11.1960

Proxy:

                     Klaus Wellmann

                     D 32257 Bünde

                     authorized to jointly represent the company

                     born: 18.02.1961

 

Further functions/participations of Andreas Koerfer (Manager)

Proprietor:

                     Andreas Körfer

                     Max-Planck-Str. 3

                     D 38228 Salzgitter

                     Legal form: Unregistered commercial

                                 enterprise

Shareholder:

                     FÄRBEREI 4 Gastronomischer Betrieb GmbH

                     Ziegelweg 3

                     D 72764 Reutlingen

                     Legal form: Private limited company dormant

                     Share capital:     EUR             75,000.00

                     Share:             EUR             16,500.00

                     Registered

                     on:         04.10.1993

                     Reg. data:  70190 Stuttgart, HRB 352670

 

Further functions/participations of Dr. Stella A. Ahlers

(Manager)

Limited partner:

                     Westfälisches Textilwerk Adolf Ahlers KG

                     Elverdisser Str. 313

                     D 32052 Herford

                     Legal form: Limited partnership

                     Total cap.         EUR            122,710.05

                     contribution:

                     Share:             EUR             40,903.35

                     Registered

                     on:         15.04.1949

                     Reg. data:  32545 Bad Oeynhausen, HRA 4158

Shareholder:

                     Ahlers Beteiligungsgesellschaft mit

                     beschränkter Haftung

                     Elverdisser Str. 313

                     D 32052 Herford

                     Legal form: Private limited company

                     Share capital:     EUR             25,564.59

                     Share:             EUR             25,564.59

                     Registered

                     on:         01.01.1911

                     Reg. data:  32545 Bad Oeynhausen, HRB 7059

Shareholder:

                     Stiftung Ahlers Pro Arte gemeinnützige GmbH

                     Warmbüchenstr. 16

                     D 30159 Hannover

                     Legal form: Private limited company

                     Share capital:     EUR             51,129.19

                     Share:             EUR             24,542.01

                     Registered

                     on:         08.06.2007

                     Reg. data:  30175 Hannover, HRB 201794

Manager:

                     Ahlers Retail GmbH

                     Elverdisser Str. 313

                     D 32052 Herford

                     Legal form: Private limited company

                     Share capital:     EUR             51,129.19

                     Registered

                     on:         29.12.1960

                     Reg. data:  32545 Bad Oeynhausen, HRB 6615

Manager:

                     Ahlers Beteiligungsgesellschaft mit

                     beschränkter Haftung

                     Elverdisser Str. 313

                     D 32052 Herford

                     Legal form: Private limited company

                     Share capital:     EUR             25,564.59

                     Registered

                     on:         01.01.1911

                     Reg. data:  32545 Bad Oeynhausen, HRB 7059

Manager:

                     Jan Ahlers Textil-Verwaltungsgesellschaft

                     mit beschränkter Haftung

                     Elverdisser Str. 313

                     D 32052 Herford

                     Legal form: Private limited company

                     Share capital:     EUR             25,564.59

                     Registered

                     on:         23.07.1993

                     Reg. data:  32545 Bad Oeynhausen, HRB 7066

Manager:

                     Pionier Jeans & Casuals Deutschland GmbH

                     Elverdisser Str. 313

                     D 32052 Herford

                     Legal form: Private limited company

                     Share capital:     EUR             25,564.59

                     Registered

                     on:         26.07.2001

                     Reg. data:  32545 Bad Oeynhausen, HRB 5493

Manager:

                     Pionier Berufskleidung GmbH

                     Bielefelder Str. 236

                     D 32051 Herford

                     Legal form: Private limited company

                     Share capital:     EUR             25,564.59

                     Registered

                     on:         17.02.1976

                     Reg. data:  32545 Bad Oeynhausen, HRB 7054

Manager:

                     Otto Kern GmbH

                     Elverdisser Str. 313

                     D 32052 Herford

                     Legal form: Private limited company

                     Share capital:     EUR          4,090,335.05

                     Registered

                     on:         11.05.2000

                     Reg. data:  32545 Bad Oeynhausen, HRB 6539

Manager:

                     Ahlers Vertrieb GmbH

                     Elverdisser Str. 313

                     D 32052 Herford

                     Legal form: Private limited company

                     Share capital:     EUR             25,564.59

                     Registered

                     on:         08.02.1980

                     Reg. data:  32545 Bad Oeynhausen, HRB 6831


Manager:

                     Elsbach-Leibfried Vertriebsgesellschaft mbH

                     Bielefelder Str. 236

                     D 32051 Herford

                     Legal form: Private limited company

                     Share capital:     EUR             25,564.59

                     Registered

                     on:         17.11.1998

                     Reg. data:  32545 Bad Oeynhausen, HRB 5989

Manager:

                     Stiftung Ahlers Pro Arte gemeinnützige GmbH

                     Warmbüchenstr. 16

                     D 30159 Hannover

                     Legal form: Private limited company

                     Share capital:     EUR             51,129.19

                     Registered

                     on:         08.06.2007

                     Reg. data:  30175 Hannover, HRB 201794

Manager:

                     Ahlers P.C. GmbH

                     Elverdisser Str. 313

                     D 32052 Herford

                     Legal form: Private limited company

                     Share capital:     EUR             30,000.00

                     Registered

                     on:         21.12.1999

                     Reg. data:  32545 Bad Oeynhausen, HRB 5941

Manager:

                     WTW-Beteiligungsgesellschaft mbH

                     Elverdisser Str. 313

                     D 32052 Herford

                     Legal form: Private limited company

                     Share capital:     EUR            100,000.00

                     Registered

                     on:         08.12.1995

                     Reg. data:  32545 Bad Oeynhausen, HRB 6250

Manager:

                     a-fashion.com GmbH

                     Elverdisser Str. 313

                     D 32052 Herford

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         14.06.2000

                     Reg. data:  32545 Bad Oeynhausen, HRB 5278

Manager:

                     Baldessarini GmbH

                     Wilhelm-Wagenfeld-Str. 24

                     D 80807 München

                     Legal form: Private limited company

                     Share capital:     EUR             25,600.00

                     Registered

                     on:         10.01.2005

                     Reg. data:  80333 München, HRB 155574

Manager:

                     Stiftung Diana Pro Arte gemeinnützige GmbH

                     Warmbüchenstr. 17

                     D 30159 Hannover

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         17.02.2005

                     Reg. data:  30175 Hannover, HRB 62328

Manager:

                     Stella Pro Arte gemeinnützige GmbH

                     Elverdisser Str. 313

                     D 32052 Herford

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         11.03.2010

                     Reg. data:  32545 Bad Oeynhausen, HRB 11855

Manager:

                     Stiftung Kestner Pro Arte gemeinnützige GmbH

                     Warmbüchenstr. 16

                     D 30159 Hannover

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered

                     on:         29.11.2004

                     Reg. data:  30175 Hannover, HRB 62140

President of the Board of Directors:

                     Ahlers AG

                     Elverdisser Str. 313

                     D 32052 Herford

                     Post Box:

                     11 55, D 32001 Herford

                     Legal form: Public limited company

                     Share capital:     EUR         43,200,000.00

                     Registered

                     on:         11.10.2001

                     Reg. data:  32545 Bad Oeynhausen, HRB 6541

Proxy:

                     Westfälisches Textilwerk Adolf Ahlers KG

                     Elverdisser Str. 313

                     D 32052 Herford

                     Legal form: Limited partnership

                     Total cap.         EUR            122,710.05

                     contribution:

                     Registered

                     on:         15.04.1949

                     Reg. data:  32545 Bad Oeynhausen, HRA 4158

 

 

COMPANY HISTORY

 

08.06.1982 - 28.02.2007             GIN TONIC SPECIAL Mode GmbH

                                                            Breitwiesenstr. 12

                                                            D 70565 Stuttgart

                                                            Private limited company

 

 

RESIGNED ACTING PERSONS AND SHAREHOLDERS

 

20.09.2012 - 28.11.2013  Manager

                         Otto R. Dörner

                         D 85521 Ottobrunn

03.04.2007 - 03.05.2013  Manager

                         Ralf Bühre

                         D 32584 Löhne

12.03.2009 - 18.12.2012  Manager

                         Hans-Bernd Cartsburg

                         D 73614 Schorndorf

03.06.2005 - 06.09.2012  Manager

                         Henning Matthesen

                         CH Stäfa

 

 

BUSINESS ACTIVITIES

 

Main industrial sector

4642    Wholesale of clothing and footwear

 

 

BRANCHES AND FACTORIES

 

Branch:

                     GIN TONIC SPECIAL Mode GmbH

                     Leutragraben 1

                     D 07743 Jena

                     TEL.: 03641/224249

 

 

FINANCIAL INFORMATION

 

Payment experience:     in top condition

 

Negative information:    We have no negative information at hand.

 

 

REAL ESTATE

 

Type of ownership:        Tenant

Address                        Schwertstr. 48

                                    D 71065 Sindelfingen

 

Land register documents were not available.

 

 

BANKERS

 

POSTBANK, 70148 STUTTGART

Sort. code: 60010070, Account no.: 8271-707

BIC: PBNKDEFFXXX

KREISSPARKASSE LUDWIGSBURG, 71606 LUDWIGSBURG, WÜRTT

Sort. code: 60450050, Account no.: 33929

BIC: SOLADES1LBG

 

 

FINANCIAL FIGURES

 

Financial year:                           01.12. - 30.11.

Share capital:                              EUR          1,050,000.00

The number of employees is not known.

 

Control and profit transfer agreement to:

                     Ahlers AG

                     Elverdisser Str. 313

                     D 32052 Herford

                     Post Box:

                     11 55, D 32001 Herford


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.61.12

UK Pound

1

Rs.102.71

Euro

1

Rs.84.52

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

NNA

 

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.