MIRA INFORM REPORT

 

 

Report Date :

04.06.2014

 

IDENTIFICATION DETAILS

 

Name :

BDSK HANDELS GMBH & CO. KG

 

 

Registered Office :

Mergentheimer Str. 59, D 97084 Würzburg

 

 

Country :

Germany

 

 

Date of Incorporation :

17.10.2011

 

 

Com. Reg. No.:

HRa 6804

 

 

Legal Form :

Ltd partnership with priv. ltd. company as general partner

 

 

Line of Business :

·         Retail sale of furniture, lighting equipment and other household articles

·         Retail sale of computers, peripheral units and software

·         Retail sale of textiles

 

 

No of Employees :

Not Available 

 

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

 

 

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 & address

 

BDSK Handels GmbH & Co. KG

 

Mergentheimer Str. 59

D 97084 Würzburg

Telephone:                    0931/61060

Telefax:                        0931/35955033

Homepage:                   www.xxxlshop.de

E-mail:                          info@xxxlmoebelhaeuser.de

 

 

VAT no          

 

DE279448078

 

Tax ID number

 

257/117/01926

 

 

Company Status

 

active

 

 

CONCLUSION

 

Business relations are permissible.

 

 

Synthesis

 

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

Date of foundation:       17.10.2011

Registered on:              17.10.2011

Register of

companies:                   Local court 97070 Würzburg

under:                                       HRA 6804

Total cap. contribution:   EUR              1,000.00

 

Limited partner

 

Mann Mobilia Beteiligungs GmbH

Mergentheimer Str. 59

D 97084 Würzburg

Legal form: Private limited company

Share capital:     EUR            340,500.00

Share:             EUR              1,000.00

Registered on: 09.05.2007

Reg. data: 97070 Würzburg, HRB 9458

 

General partner

 

BDSK Verwaltungs GmbH

Mergentheimer Str. 59

D 97084 Würzburg

Legal form: Private limited company

Share capital:     EUR             25,000.00

Registered on: 07.10.2004

Reg. data: 97070 Würzburg, HRB 8556

 

 

Shareholder

 

Mann Mobilia Beteiligungs GmbH

Mergentheimer Str. 59

D 97084 Würzburg

Legal form: Private limited company

Share capital:     EUR            340,500.00

Share:             EUR             25,000.00

Registered on: 09.05.2007

Reg. data: 97070 Würzburg, HRB 9458

 

Manager

 

Dr. Richard Seifert

A  Wels

authorized to jointly represent the company

born: 08.12.1949

Nationality: Austrian

Manager:

Konrad Nill

D 86150 Augsburg

having sole power of representation

born: 12.07.1971

 

Manager:

Walter Schlotz

D 97070 Würzburg

authorized to jointly represent the company

born: 17.05.1941

 

 

BUSINESS ACTIVITIES

 

Main industrial sector

4759    Retail sale of furniture, lighting equipment and other household articles

 

Secondary industrial sector

4741    Retail sale of computers, peripheral units and software

4751    Retail sale of textiles

5210    Warehousing

 

 

BRANCHES AND FACTORIES

 

 Branch:

                      BDSK Handels GmbH & Co. KG

                      Spreewaldallee 38-40

                      D 68309 Mannheim

                      TEL.: 0621/7161-505211

                      FAX.: 0621/7161-505223

 Branch:

                      BDSK Handels GmbH & Co. KG

                      Wendenmühle 5

                      D 38110 Braunschweig

                      TEL.: 05307/208-0

 Branch:

                      BDSK Handels GmbH & Co. KG

                      Industriestr. 5

                      D 96114 Hirschaid

                      TEL.: 09543/828-0

                      FAX.: 09543/371-0

 Branch:

                      BDSK Handels GmbH & Co. KG

                      Theresienhöhe 5

                      D 80339 München

                      TEL.: 089/5105-0

                      FAX.: 089/5105-177213

PARTICIPATIONS

 

Shareholder:

                      Mömax Deutschland GmbH

                      Mergentheimer Str. 59

                      D 97084 Würzburg

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,000.00

                      Share:             EUR             25,000.00

                      Reg. data:  27.02.2013

                                  Local court 97070 Würzburg

                                  HRB 11841

 

FINANCIAL INFORMATION

 

Payment experience:     partly with delays in payment

Negative information:    We have no negative information at hand.

 

 

REAL ESTATE

 

Type of ownership:        Tenant

Address                        Mergentheimer Str. 59

                                    D 97084 Würzburg

 

 Real Estate of:             BDSK Verwaltungs GmbH

 Type of ownership:       Tenant

 Address                        Mergentheimer Str. 59

                                    D 97084 Würzburg

 

Land register documents were not available.

 

 

BANKERS

 

COMMERZBANK, 20454 HAMBURG

Sort. code: 20040000

BIC: COBADEHHXXX

 

FINANCIAL FIGURES

 

Financial year:      01.01. - 31.12.

The number of employees is not known.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.59.21

UK Pound

1

Rs.99.17

Euro

1

Rs.80.56

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

MNL

 

 

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.