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Report No. : |
335660 |
|
Report Date : |
10.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
STERNMAID
GMBH & CO. KG |
|
|
|
|
Registered Office : |
Am
Mühlenberg 4 D 19243 Wittenburg |
|
|
|
|
Country : |
Germany |
|
|
|
|
Date of Incorporation : |
18.12.1996 |
|
|
|
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Com. Reg. No.: |
HRA 2435 |
|
|
|
|
Legal Form : |
Ltd
partnership with priv. ltd. company as general partner |
|
|
|
|
Line of Business : |
[We tried to confirm / obtain the detailed activity but the same is
not available from any sources] |
|
|
|
|
No. of Employee : |
182 |
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 |
|
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, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 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 5.2% in 2014. The new German government introduced
a minimum wage of about $11.60 (8.50 euros) 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%. The budget was essentially in
balance in 2014. 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. The German economy suffers
from low levels of investment, and a government plan to invest 15 billion euros
2016-18, largely in infrastructure, is intended to spur needed private
investment. 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 plans to replace nuclear power with renewable energy, which accounted
for 27.8% of gross electricity consumption in 2014, up from 9% in 2000. 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. Extremely low inflation, caused largely by low global energy prices
and a weak euro, are expected to boost German GDP growth in 2015.
|
Source
: CIA |
STERNMAID
GMBH & CO. KG
Company
Status: active
Am Mühlenberg 4
D 19243 Wittenburg
Telephone: 038852/666-60
Telefax: 038852/666-66
Homepage:
www.sternmaid.de
E-mail: info@sternmaid.de
VAT
no.: DE242128251
Business
relations are permissible.
Business relations are permissible.
LEGAL FORM Ltd
partnership with priv. ltd. company as general partner
Date of foundation: 18.12.1996
Begin of business
activities: 01.02.1999
Registered on: 14.03.2005
Register of
companies: Local
court 19053 Schwerin
under: HRA 2435
Total cap. contribution: EUR 6,500,000.00
Limited partner:
Stern-Wywiol Gruppe GmbH
& Co. KG
An der Alster 81
D 20099 Hamburg
Legal form: Ltd
partnership with priv. ltd.
company as general partner
Total cap. EUR 28,000,000.00
contribution:
Share: EUR 6,500,000.00
Registered on: 12.11.2002
Reg. data: 20355 Hamburg,
HRA 97611
General partner:
SternMaid
Verwaltungsgesellschaft mbH
Am Mühlenberg 4
D 19243 Wittenburg
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered on: 09.01.2006
Reg. data: 19053
Schwerin, HRB 8981
Shareholder:
Stern-Wywiol Gruppe GmbH
& Co. KG
An der Alster 81
D 20099 Hamburg
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR 28,000,000.00
contribution:
Share: EUR 25,000.00
Registered on: 12.11.2002
Reg. data: 20355 Hamburg,
HRA 97611
Manager:
Volkmar Alfred Dietrich
Wywiol
Börnsener Weg 58
D 21521 Wohltorf
having sole power of
representation
born: 09.11.1935
Profession: Businessman
Property regime:
Statutory matrimonial
property regime
Marital status: married
Manager:
Torsten Wywiol
Billtal 9
D 21521 Wohltorf
having sole power of
representation
born: 23.01.1966
Profession: Businessman
Marital status: married
Proxy:
Holger Krack
Meisenweg 29a
D 22926 Ahrensburg
authorized to jointly
represent the company
born: 03.05.1959
Marital status: married
Proxy:
Mark Riemer
D 21423 Winsen
authorized to jointly
represent the company
born: 07.02.1973
18.03.1997 - 24.06.2003 Mühlenchemie
Produktionsgesellschaft mbH
(AG Schwerin, HRB 5320)
Am Mühlenberg 4
D 19243 Wittenburg
Private limited company
24.06.2003 - 13.03.2005 SternMaid
GmbH
Am
Mühlenberg 4
D 19243 Wittenburg
Private limited company
Main industrial sector
1089 Manufacture of other food products n.e.c.
2014 Manufacture of other organic basic
chemicals
82999 Other business support service activities n.
e. c.
Payment
experience: within periods customary
in this trade
Negative
information: We have no negative
information at hand.
Type of
ownership: proprietor
Share: 100.00 %
Address Am Mühlenberg 4
D 19243 Wittenburg
Real
Estate of: SternMaid Verwaltungsgesellschaft mbH
Type of
ownership: Tenant
Address Am
Mühlenberg 4
D 19243 Wittenburg
Land register
documents were not available.
Principal bank
HSH
NORDBANK HAMBURG, 20095 HAMBURG
Sort.
code: 20050000
BIC:
HSHNDEHH200
Further bank
HSH
NORDBANK HAMBURG, KIEL, 20095 HAMBURG
Sort.
code: 21050000
BIC:
HSHNDEHHXXX
Financial
year: 01.01. - 31.12.
Turnover: 2013 EUR 100,000,000.00
Equipment: *EUR 1,577,000.00
Ac/ts
receivable:
EUR 5,105,000.00
Liabilities: EUR 25,735,000.00
Real
estate of the firm:
EUR 9,780,000.00
Total
numbers of vehicles: 3
-
Passenger cars:
3
Employees: 182
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.63.81 |
|
|
1 |
Rs.98.93 |
|
Euro |
1 |
Rs.69.66 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SDA |
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.