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Report Date : |
19.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
HJP
KLEINLEDERWAREN E.K. |
|
|
|
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Registered Office : |
Achenweg 2c, D 83454 Anger |
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|
|
|
Country : |
Germany |
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|
|
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Date of Incorporation : |
15.07.1989 |
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|
|
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Com. Reg. No.: |
HRA 7811 |
|
|
|
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Legal Form : |
Sole Proprietorship |
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|
|
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Line of Business : |
· Manufacturer of Bags; briefcases and handbags; Footwear as well as Leather and Suede Clothing ·
Agents
involved in the sale of a variety of goods |
|
|
|
|
No of Employees : |
17 |
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 |
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|
|
|
Payment Behaviour : |
No Complaints |
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|
|
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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 |
HJP Kleinlederwaren e.K.
Achenweg 2c
D 83454 Anger
Telephone: 08656/1780
Telefax: 08656/1059
Homepage: www.hjp-pfeifle.de
E-mail:
hjp.pfeifle@t-online.de
active
DE127570470
Business relations are permissible.
LEGAL FORM Sole
proprietorship
Date of foundation: 15.07.1989
Registered on: 05.06.2002
Register of
companies: Local
court 83278 Traunstein
under: HRA
7811
Hans Jürgen Pfeifle
Frühlingstr. 12
D 83454 Anger
born: 21.09.1965
Marital status: married
Eva Binder
D 83457 Bayerisch Gmain
having sole power of representation
born: 04.07.1967
15.07.1989 - 12.05.2003 Hans Jürgen Pfeifle
Frühlingstr. 12
D 83454 Anger
Unregistered
commercial enterprise
12.05.2003 - 28.05.2014 HJP Kleinlederwaren E.K.
Hauptstr. 20
D 83454 Anger
Sole proprietorship
Main industrial sector
· Manufacturer of Bags; briefcases and handbags; Footwear as well as Leather and Suede Clothing
· Agents involved in the sale of a variety of goods
Payment experience: within agreed terms
Negative information: We have no negative information at hand.
Type of ownership: Tenant
Address Achenweg
2c
D 83454 Anger
Real Estate of: Hans
Jürgen Pfeifle
Type of ownership: proprietor
Share: 100.00 %
Address Frühlingstr.
12
D 83454 Anger
Land register documents were not
available.
SPARKASSE BERCHTESGADENER LAND, 83454
ANGER B BAD REICHENHALL
Sort. code: 71050000
BIC: BYLADEM1BGL
Financial year: 01.01. - 31.12.
Turnover: 2013 *EUR 3,440,000.00
Equipment: *EUR 128,000.00
Ac/ts receivable: *EUR 368,000.00
Liabilities: *EUR 672,000.00
Employees:
17
-
thereof permanent staff: 3
-
Part-time employees: 2
-
Temporary workers: 12
The
business figures marked with an asterisk are estimates based on average values
in the line of business.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.12 |
|
UK Pound |
1 |
Rs.102.00 |
|
Euro |
1 |
Rs.81.43 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.