|
Report Date : |
15.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
MULTILINE
TEXTIL GMBH |
|
|
|
|
Registered Office : |
Grafenberger
Allee 277-287 D 40237 Düsseldorf |
|
|
|
|
Country : |
Germany |
|
|
|
|
Date of Incorporation : |
12.01.1993 |
|
|
|
|
Legal Form : |
Private
Limited Company |
|
|
|
|
Line of Business : |
Wholesale
of clothing and footwear |
|
|
|
|
No. of Employees : |
120 |
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 : |
Slow but correct |
|
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, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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 |
MULTILINE TEXTIL GMBH
Company Status: active
Grafenberger Allee 277-287
D 40237 Düsseldorf
Telephone:0211/300458-0
Telefax: 0211/669397
Homepage: www.multiline-group.com
E-mail: info@multiline-group.com
VAT no.: DE155745580
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1989
Shareholders'
agreement: 28.12.1992
Registered on: 12.01.1993
Commercial Register: Local court 40227 Düsseldorf
under: HRB
29185
Share capital: EUR 28,121.05
Shareholder:
SAM GmbH
Grafenberger Allee
277-287
D 40237 Düsseldorf
Legal form: Private
limited company
Share capital: EUR 25,100.00
Share: EUR 28,121.05
Registered on: 12.10.2007
Reg. data: 40227
Düsseldorf, HRB 57307
Manager:
Ghassan Arab
Wittelsbachstr. 16a
D 40629 Düsseldorf
having sole power of
representation
born: 10.12.1962
Profession: Businessman
Marital status: married
Proxy:
Jasmin Arab
D 40237 Düsseldorf
having sole power of
representation
born: 14.07.1968
Further functions/participations of Ghassan
Arab (Manager)
Shareholder:
SAM GmbH
Grafenberger Allee
277-287
D 40237 Düsseldorf
Legal form: Private limited company
Share capital: EUR 25,100.00
Share: EUR 25,100.00
Registered
on: 12.10.2007
Reg. data: 40227 Düsseldorf, HRB 57307
Manager:
multiline Holding GmbH
Grafenberger Allee
277-287
D 40237 Düsseldorf
Legal form: Private
limited company
Share capital: EUR 25,200.00
Registered
on: 24.07.2008
Reg. data: 40227 Düsseldorf, HRB 59186
Manager:
multiline Holding International GmbH
Grafenberger Allee
277-287
D 40237 Düsseldorf
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 30.12.2010
Reg. data: 40227 Düsseldorf, HRB 64787
Manager:
Star Knitwear GmbH
Grafenberger Allee
277-287
D 40237 Düsseldorf
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 18.11.2004
Reg. data: 40227 Düsseldorf, HRB 50791
Manager:
SAM GmbH
Grafenberger Allee
277-287
D 40237 Düsseldorf
Legal form: Private
limited company
Share capital: EUR 25,100.00
Registered
on: 12.10.2007
Reg. data: 40227 Düsseldorf, HRB 57307
1989 - 27.12.1992 Ghassan Arab
Königsallee 60f
D 40212 Düsseldorf
Unregistered
commercial enterprise
27.12.1992 - 08.01.2010 multiline Textil GmbH
Grafenberger Allee
277-287
D 40237 Düsseldorf
Private limited
company
08.01.2010 - 11.03.2010 Multiline Germany GmbH
Grafenberger Allee
277-287
D 40237 Düsseldorf
Private limited
company
Main industrial sector
13990
Manufacture of other textiles n.e.c.
14190 Manufacture of other wearing apparel and
accessories
n.e.c.
4616 Agents involved in the sale of textiles,
apparel,
footwear and leatherware
4642 Wholesale of clothing and footwear
Branch:
Multiline Textil GmbH
Lötscher Weg 102
D 41334 Nettetal
TEL.: 02157/124520
Shareholder:
Star Knitwear GmbH
Grafenberger Allee
277-287
D 40237 Düsseldorf
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 18.11.2004
Local court 40227
Düsseldorf
HRB 50791
Payment
experience: within agreed terms
Negative information:We have no negative
information at hand.
Type of ownership: Tenant
Address Grafenberger
Allee 277-287
D 40237 Düsseldorf
Real Estate of: Ghassan
Arab
Type of ownership: unknown
Address Wittelsbachstr.
16a
D 40629 Düsseldorf
Land register documents were not available.
COMMERZBANK, DÜSSELDORF
Sort. code: 30040000, BIC: COBADEDDXXX
DEUTSCHE BANK, DÜSSELDORF
Sort. code: 30070010, Account no.: 3389780,
BIC: DEUTDEDDXXX
WGZ BANK, DÜSSELDORF
Sort. code: 30060010, BIC: GENODEDDXXX
UNICREDIT BANK - HYPOVEREINSBANK, DÜSSELDORF
Sort. code: 30220190, BIC: HYVEDEMM414
Financial year: 01.01.
- 31.12.
Share capital: EUR 28,121.05
Employees:
120
- thereof permanent staff: 74
- Temporary workers: 46
This company exercises the option not to
publish its balance and is included in
the annual financial statement of SAM, Düsseldorf (HRB 57307 Local Court
Düsseldorf).
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.52 |
|
|
1 |
Rs.101.48 |
|
Euro |
1 |
Rs.84.11 |
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.