MIRA INFORM REPORT

 

 

Report Date :

01.08.2014

 

IDENTIFICATION DETAILS

 

Name :

FERDINAND GROSS GMBH & CO.KG

 

 

Registered Office :

Daimlerstr. 8, D 70771 Leinfelden-Echterdingen, Post Box: 10 01 59, D 70745 Leinfelden-Echterdingen

 

 

Country :

Germany

 

 

Year of Establishment :

1864

 

 

Legal Form :

Ltd partnership with priv. ltd. company as general partner

 

 

Line of Business :

Wholesaler of tools and hardware

 

 

No of Employees :

245                

 

 

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 – June 01, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

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 & ADDRESS

 

Ferdinand Gross GmbH & Co.KG

Daimlerstr. 8

D 70771 Leinfelden-Echterdingen

Post Box:

10 01 59, D 70745 Leinfelden-Echterdingen

Telephone:0711/16040

Telefax:  0711/16042609

Homepage: www.schrauben-gross.de

E-mail:   info@schrauben-gross.de

 

 

Company Status    

 

Active

 

 

VAT no

 

DE147643340

 

 

CONCLUSION

 

 Business relations are permissible.

 

Company status

 

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

 Date of foundation:        1864

 Registered on:              19.01.1978

 Register of

 companies:                  Local court 70190 Stuttgart

 under:                          HRA 221054

 

 Total cap. contribution:                EUR          2,100,000.00

 

 Limited partner:

                      Gerald Hering

                      Roßhaustr. 30

                      D 70597 Stuttgart

                      born: 07.03.1960

                      Share:             EUR          1,680,000.00

 Limited partner:

                      Stephan Lichtenheldt

                      D 23795 Bad Segeberg

                      born: 12.05.1961

                      Share:             EUR            210,000.00

 Limited partner:

                      Brigitte Huber

                      Heilmannstr. 19a

                      D 81479 München

                      born: 25.01.1936

                      Share:             EUR            168,000.00

 Limited partner:

                      Hendrik Jürgen Werner Franz Huber

                      Hubertusstr. 21

                      D 82031 Grünwald

                      born: 20.12.1968

                      Share:             EUR             42,000.00

 General partner:

                      Hering Beteiligungsgesellschaft mit

                      beschränkter Haftung

                      Daimlerstr. 8

                      D 70771 Leinfelden-Echterdingen

                      Legal form: Private limited company

                      Share capital:     EUR             25,600.00

                      Registered on: 12.12.1977

                      Reg. data: 70190 Stuttgart, HRB 220871

 

 Shareholder:

                      Gerald Hering

                      Roßhaustr. 30

                      D 70597 Stuttgart

                      born: 07.03.1960

                      Share:             EUR             25,600.00

 Manager:

                      Gerald Hering

                      Roßhaustr. 30

                      D 70597 Stuttgart

                      having sole power of representation

                      born: 07.03.1960

                      Profession: Businessman

                      Marital status: married

 Manager:

                      Thomas Erb

                      D 72135 Dettenhausen

                      having sole power of representation

                      born: 28.11.1967

 Proxy:

                      Meta Susanne Schneider

                      D 70173 Stuttgart

                      having sole power of representation

                      born: 11.09.1956

 

 

COMPANY HISTORY

 

 19.01.1978 - 02.02.2005            Ferdinand Gross GmbH & Co.

                                                Daimlerstr. 8

                                                D 70771 Leinfelden-Echterdingen

                                                Ltd partnership with priv. ltd. company

                                                as general partner

 

 

BUSINESS ACTIVITIES

 

 Main industrial sector

 46741   Wholesale of tools and hardware

 

 

 BRANCHES AND FACTORIES

 

 Branch:

                      Ferdinand Gross GmbH & Co.KG

                      Großenhainer Str. 137

                      D 01129 Dresden

                      TEL.: 0351/850070

                      FAX.: 0351/8500777

 Branch:

                      Ferdinand Gross GmbH & Co.KG Niederlassung

                      Österreich

                      Bräuhausgasse 37

                      A 1050 Wien

 

 

 PARTICIPATIONS

 

 Shareholder:

                      Ferdinand Gross Holding GmbH

                      Daimlerstr. 8

                      D 70771 Leinfelden-Echterdingen

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,000.00

                      Share:             EUR             25,000.00

                      Reg. data:  12.01.2005

                                  Local court 70190 Stuttgart

                                  HRB 225959

 Shareholder:

                      Ferdinand Gross Beteiligungs GmbH

                      Daimlerstr. 8

                      D 70771 Leinfelden-Echterdingen

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,000.00

                      Share:             EUR             25,000.00

                      Reg. data:  29.03.2005

                                  Local court 70190 Stuttgart

                                  HRB 225999

 

 

FINANCIAL INFORMATION

 

 Payment experience:    within agreed terms

 

 Negative information:     We have no negative information at hand.

 

                                    The maximum credit is our recommendation for

                                    the maximum credit limit for the inquired

                                    company.

 

 

REAL ESTATE

 

 Type of ownership:        Tenant

 Address                       Daimlerstr. 8

                                    D 70771 Leinfelden-Echterdingen

 

 Land register documents were not available.

 

 

BANKERS

 

 Principal bank

 KREISSPARKASSE ESSLINGEN-NÜRTINGEN, 73702 ESSLINGEN AM NECKAR

 Sort. code: 61150020

 BIC: ESSLDE66XXX

 

 Further banks

 COMMERZBANK VORMALS DRESDNER BANK, 70049 STUTTGART

 Sort. code: 60080000

 BIC: DRESDEFF600

 DRESDNER VOLKSBANK RAIFFEISENBANK, 01075 DRESDEN

 Sort. code: 85090000

 BIC: GENODEF1DRS

 LANDESBANK BADEN-WÜRTTEMBERG/BADEN-WÜRTTEMBERGISCHE BANK, 70144

 STUTTGART

 Sort. code: 60050101

 BIC: SOLADEST600

 VOLKSBANK STUTTGART, 70039 STUTTGART

 Sort. code: 60090100

 BIC: VOBADESSXXX

 

 

FINANCIAL FIGURES

 

 Financial year:      01.01. - 31.12.

 The number of employees is not known.

 

 

 This company exercises the option not to publish its balance sheet and is included in the annual financial statement of Hering Beteiligungsgesellschaft mbH, Leinfelden-Echterding.

 

 Basic data of the group (until 31.12.2012):                               

 =================================                               

                                                                

 Sales:                                                  64.587.332,07 EUR               

 Staff:                                        245                

 Profit:                                       1.647.229,70 EUR               

 Receivables:                             4.904.190,04 EUR               

 Liabilities:                                 18.582.291,70 EUR                 


 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs. 60.24

UK Pound

1

Rs. 101.92

Euro

1

Rs. 80.69

 

 

INFORMATION DETAILS

 

Analysis Done by :

RSM

 

 

Report Prepared by :

DPT

 

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.