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Report Date : |
27.06.2014 |
IDENTIFICATION DETAILS
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Name : |
KREISS ARBEITSSCHUTZ E.K. |
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|
|
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Registered Office : |
Daimlerstr. 8, D 75392 Deckenpfronn |
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|
|
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Country : |
Germany |
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|
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Date of Incorporation : |
1983 |
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|
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Com. Reg. No.: |
HRA 727298 |
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|
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Legal Form : |
Sole proprietorship |
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|
|
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Line of Business : |
Wholesale of other equipment and
accessories for machinery and technical supplies |
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|
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No. of Employees : |
10 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately 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 |
KREISS ARBEITSSCHUTZ E.K.
Company Status: active
Daimlerstr. 8
D 75392 Deckenpfronn
Telephone:07056/9329750
Telefax:
07056/9329752
Homepage: www.kreiss-as.de
E-mail: info@kreiss-as.de
VAT no.: DE145331357
Business relations are permissible.
LEGAL FORM Sole
proprietorship
Date of foundation: 1983
Registered on: 23.02.2012
Register of
companies: Local
court 70190 Stuttgart
under:
HRA 727298
Proprietor:
Michael Kreiß
Würmstr. 11
D 71083 Herrenberg
born: 26.01.1962
Marital status: married
23.02.2012 - 18.07.2012 KREISS ARBEITSSCHUTZ E.K.
Zehntstr. 38
D 73779 Deizisau
Sole proprietorship
Main
industrial sector
46693 Wholesale
of other equipment and accessories for machinery and technical supplies
Payment experience: within
periods customary in this trade
Negative information: We have no negative information at hand.
Type of ownership: Tenant
Address Daimlerstr. 8
D 75392 Deckenpfronn
Real Estate of: Michael Kreiß
Type of ownership: proprietor
Share: 100.00 %
Address Würmstr. 11
D 71083 Herrenberg
Land register documents were not available.
KREISSPARKASSE BÖBLINGEN, 71005 BÖBLINGEN
Sort. code: 60350130
BIC: BBKRDE6BXXX
VOLKSBANK PLOCHINGEN, 73203 PLOCHINGEN
Sort. code: 61191310
BIC: GENODES1VBP
Financial year: 01.01. - 31.12.
Turnover: 2012 EUR 3,500,000.00
2013
EUR 3,500,000.00
further business figures:
Equipment: EUR 150,000.00
Employees:
10
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.16 |
|
|
1 |
Rs.102.23 |
|
Euro |
1 |
Rs.82.04 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NNA |
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.