MIRA INFORM REPORT

 

 

Report Date :

09.05.2014

 

IDENTIFICATION DETAILS

 

Name :

HELGA NEUHAUS

 

 

Trade Name :         

Neuhaus Werbemittel

 

 

Registered Office :

Ruschenstr. 26, D 45133 Essen

 

 

Country :

Germany

 

 

Date of Incorporation :

01.01.1993

 

 

Legal Form :

Unregistered commercial enterprise

 

 

Line of Business :

Wholesale of leather goods, luggage, giftware and advertising articles

 

 

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 :

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 – 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

 

 

 

Company name and address

 

Helga Neuhaus

 

Ruschenstr. 26

D 45133 Essen

Telephone:0201/425577

Telefax:  0201/425599

Homepage: www.neuhaus-werbemittel.de

E-mail:   essen@neuhaus-werbemittel.de

 

 Trade name:         

Neuhaus Werbemittel

 

 

CONCLUSION

 

 Business relations are permissible.

 

 

 LEGAL FORM    

    

 Unregistered commercial enterprise

 Date of foundation:  01.01.1993

 

 

 Proprietor

 

                      Helga Neuhaus

                      Ruschenstr. 26

                      D 45133 Essen

                      born: 08.03.1936

                      née: Hülskötter

                      Profession: Businessman

 

 

 COMPANY HISTORY

 

 01.1993 - 31.08.1993     Markus-Patrick Neuhaus

                          D 94032 Passau

                          Unregistered commercial enterprise

 01.09.1993 - 06.1997     Markus-Patrick Neuhaus

                          Ruschenstr. 26

                          D 45133 Essen

                          Unregistered commercial enterprise

 

 

 BUSINESS ACTIVITIES

 

 Main industrial sector

 46493   Wholesale of leather goods, luggage, giftware and advertising articles

7311    Advertising agencies

 

 

 FINANCIAL INFORMATION

 

 Payment experience:  within agreed terms

 

 Negative information:We have no negative information at hand.

 

 

 REAL ESTATE

 

 Type of ownership:       Tenant

 Address                       Ruschenstr. 26

                                    D 45133 Essen

 

 Real Estate of:             Helga Neuhaus

 Type of ownership:       proprietor

 Share:                          100.00 %

 Address                       Ruschenstr. 26

                                    D 45133 Essen

 Value at selling price:                 EUR            200,000.00

 Encumbrances:                           EUR            100,000.00

 

 Land register documents were not available.

 

 

 BANKERS

 

 Principal bank

 NATIONAL-BANK ESSEN, 45027 ESSEN, RUHR

 Sort. code: 36020030

 BIC: NBAGDE3EXXX

 

 

 

FINANCIAL FIGURES

 

 Financial year:      01.01. - 31.12.

 Turnover:            2013              *EUR            210,000.00

 Total numbers of vehicles:                                      1

 - Passenger cars:                                               1

 Employees:                                                      2

 - Part-time employees:                                          1

 

 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.59.99

UK Pound

1

Rs.101.75

Euro

1

Rs.83.48

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

PDT

 

               

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%)

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.