|
Report Date : |
10.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
PORSCHE
LIZENZ- UND HANDELSGESELLSCHAFT MBH & CO. KG |
|
|
|
|
Registered Office : |
Grönerstr.
5, D 71636 |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
24.11.2003 |
|
|
|
|
Legal Form : |
Ltd
partnership with priv. ltd. company as general partner |
|
|
|
|
Line of Business : |
Non-specialized
wholesale trade Retail
sale of miscellaneous goods (except food) Advertising
agencies Interior design |
|
|
|
|
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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 |
Porsche
Lizenz- und Handelsgesellschaft mbH & Co. KG
Grönerstr.
5
D
71636 Ludwigsburg
Telephone:0711/91112911
Telefax: 0711/91112880
Homepage:
www.porsche-design.com
E-mail: porschedesign@porsche.de
Active
DE813881002
Business relations are permissible.
LEGAL FORM Ltd
partnership with priv. ltd. company as general partner
Registered on: 24.11.2003
Register of
companies: Local
court 70190 Stuttgart
under: HRA
301131
Total cap. contribution: EUR 1,000,000.00
Limited partner:
Porsche Automobil Holding
SE
Porscheplatz 1
D 70435 Stuttgart
Legal form: European
Company (SE)
Share capital: EUR
306,250,000.00
Share: EUR 650,000.00
Registered on: 13.11.2007
Reg. data: 70190
Stuttgart, HRB 724512
Limited partner:
FaPo Beteiligungen GmbH
Kronenstr. 32
D 70174 Stuttgart
Legal form: Private
limited company
Share capital: EUR 155,000.00
Share: EUR 350,000.00
Registered on: 21.02.2005
Reg. data: 70190
Stuttgart, HRB 25180
General partner:
Porsche
Verwaltungsgesellschaft mit
beschränkter Haftung
Grönerstr. 5
D 71636 Ludwigsburg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered on: 25.09.2003
Reg. data: 70190
Stuttgart, HRB 302214
Shareholder:
Dr. Ing. h.c. F. Porsche
Aktiengesellschaft
Porscheplatz 1
D 70435 Stuttgart
Post Box:
400640, D 70432 Stuttgart
Legal form: Public
limited company
Share capital: EUR
45,500,000.00
Share: EUR 16,250.00
Registered on: 23.07.2009
Reg. data: 70190
Stuttgart, HRB 730623
Shareholder:
FaPo Beteiligungen GmbH
Kronenstr. 32
D 70174 Stuttgart
Legal form: Private
limited company
Share capital: EUR 155,000.00
Share: EUR 8,750.00
Registered on: 21.02.2005
Reg. data: 70190
Stuttgart, HRB 25180
Manager:
Dr. Jürgen Robert Geßler
Salvatorstr. 5a
D 41542 Dormagen
born: 27.05.1964
Profession: Fully
qualified economic
engineer
Manager:
Frank Angelkötter
Luneviller Str. 9
D 68723 Schwetzingen
born: 22.05.1964
Marital status: unknown
Manager:
Roland Heiler
A Piesendorf
having sole power of representation
born: 09.08.1966
Nationality: Austrian
Proxy:
Dr. Jan Becker
D 70173 Stuttgart
authorized to jointly
represent the company
born: 21.12.1970
24.11.2003 - 04.04.2014 Porsche
Lizenz- und Handelsgesellschaft
mbH & Co. KG
Porschestr. 1
D 74321
Bietigheim-Bissingen
Ltd partnership with priv.
ltd. company
as general partner
Main industrial sector
46903
Non-specialized wholesale trade
Secondary industrial sector
47191 Retail sale of miscellaneous goods (except
food)
7311 Advertising agencies
74103 Interior design
Branch:
Porsche Lizenz- und
Handelsgesellschaft mbH
& Co. KG
Friedrich-Menzefricke-Str. 16
D 33775 Versmold
Branch:
Porsche Lizenz- und
Handelsgesellschaft mbH
& Co. KG
Rosenstr. 17
D 10178 Berlin
Payment experience: takes advantage of cash discount
Negative information:We have no negative
information at hand.
Type of ownership: Tenant
Address Grönerstr.
5
D 71636 Ludwigsburg
Real Estate of: Porsche
Verwaltungsgesellschaft mit
beschränkter Haftung
Type of ownership: Tenant
Address Grönerstr.
5
D 71636 Ludwigsburg
Land register documents were not available.
Principal bank
LANDESBANK BADEN-WÜRTTEMBERG, 70144 STUTTGART
Sort. code: 60050000
BIC: SOLADESTXXX
Financial year: 01.01. - 31.12.
The number of employees is not known.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 61.87 |
|
|
1 |
Rs. 96.90 |
|
Euro |
1 |
Rs. 76.29 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.