|
Report No. : |
337067 |
|
Report Date : |
19.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
MILES GMBH |
|
|
|
|
Registered Office : |
Harckesheyde 91-93, D 22844 Norderstedt |
|
|
|
|
Country : |
Germany |
|
|
|
|
Date of Incorporation : |
14.09.1977 |
|
|
|
|
Com. Reg. No.: |
HRB 3850 NO |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
·
Manufacture
of other textiles n.e.c. ·
Agents
involved in the sale of textiles, apparel, footwear and leatherware ·
Wholesale
of textiles ·
Wholesale
of other household goods |
|
|
|
|
No. of Employees : |
200 |
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 |
MILES
GMBH
Company Status: active
Harckesheyde 91-93
D 22844 Norderstedt
Telephone:040/94364-0
Telefax:
040/94364-107
Homepage:
www.milesgroup.eu
E-mail: info@milesgroup.eu
DE171617445
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 14.09.1977
Shareholders'
agreement: 14.09.1977
Registered on: 30.07.1997
Commercial Register: Local court 24114 Kiel
under: HRB
3850 NO
EUR
11,000,000.00
Shareholder:
LF Europe (Germany)
Services GmbH
Harckesheyde 91-93
D 22844 Norderstedt
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 11,000,000.00
Registered on: 14.02.2013
Reg. data: 24114 Kiel,
HRB 14623 KI
Manager:
Christopher Conzen
Püttkampsweg 3
D 22609 Hamburg
authorized to jointly
represent the company
born: 06.02.1962
Profession: Businessman
Manager:
Ulf Stefan Brettschneider
D 22844 Norderstedt
having sole power of
representation
born: 10.11.1964
Manager:
Dr. Dirk Pupke
D 20095 Hamburg
born: 21.03.1976
Proxy:
Kai Sören Weirup
D 20095 Hamburg
authorized to jointly
represent the company
born: 26.01.1958
Marital status:
married
Proxy:
Ulrich Mayer
Wüllnerstr. 100
D 50931 Köln
authorized to jointly
represent the company
born: 29.12.1964
Profession: Employee
Marital status: single
Proxy:
Dirk Knappe
D 48143 Münster
authorized to jointly
represent the company
born: 22.06.1961
Profession: Textile
merchant
Marital status: married
Proxy:
Guido Löhr
Nagelsweg 41-45
D 20097 Hamburg
authorized to jointly
represent the company
born: 27.05.1965
Profession: Businessman
Marital status: married
Proxy:
Bernd von Geldern
Woldsenweg 8
D 20249 Hamburg
authorized to jointly
represent the company
born: 23.03.1966
Proxy:
Ulrich Seyer
D 24247 Mielkendorf
authorized to jointly
represent the company
born: 16.12.1955
Proxy:
Sabine Scheruhn
D 25474 Bönningstedt
authorized to jointly
represent the company
born: 27.04.1960
née: Lemke
Proxy:
Matthias Kahl
D 20095 Hamburg
authorized to jointly
represent the company
born: 13.06.1964
Proxy:
Hans-Ulrich Rasmußen
Harckesheyde 91-93
D 22844 Norderstedt
authorized to jointly
represent the company
born: 06.05.1958
Proxy:
Mark Enderlein
D 22844 Norderstedt
born: 08.12.1976
Proxy:
Dörte Seitz
D 20095 Hamburg
authorized to jointly
represent the company
born: 18.12.1971
Proxy:
Heinrich Becker
D 20095 Hamburg
authorized to jointly
represent the company
born: 11.11.1968
Proxy:
Frank Dieckmann
D 22844 Norderstedt
authorized to jointly
represent the company
Proxy:
Jeanette Voß
D 22844 Norderstedt
authorized to jointly
represent the company
née: Jessen
Proxy:
Astrid Walter
D 20095 Hamburg
authorized to jointly
represent the company
born: 17.09.1979
Proxy:
Fatma Demircan
D 20095 Hamburg
authorized to jointly
represent the company
born: 20.12.1964
Proxy:
Fabian Scholz
D 24641 Stuvenborn
authorized to jointly
represent the company
born: 18.03.1982
Further functions/participations of
Christopher Conzen (Manager)
General partner:
Grundstücksgemeinschaft
Conzen OHG
Lehmkuhlenweg 100
D 22559 Hamburg
Legal form: General
Partnership
Registered
on: 14.12.2010
Reg. data: 20355 Hamburg, HRA 112447
Shareholder:
Hans Conzen Kosmetik GmbH
Heidehofweg 24
D 25499 Tangstedt
Legal form: Private
limited company
Share capital: EUR 255,645.94
Share: EUR 56,651.14
Registered
on: 29.11.1990
Reg. data: 25421 Pinneberg, HRB 5231 PI
Shareholder:
PREVAL Dermatica GmbH
Heidehofweg 24
D 25499 Tangstedt
Legal form: Private
limited company
Share capital: EUR 40,000.00
Share: EUR 10,000.00
Registered
on: 27.02.2001
Reg. data: 25421 Pinneberg, HRB 5211 PI
Shareholder:
mp39 Sport-Portal GmbH
Rödingsmarkt 39
D 20459 Hamburg
Legal form: Private
limited company
insolvent
Share capital: EUR 97,430.00
Share: EUR 2,182.00
Registered
on: 24.07.2008
Reg. data: 20355 Hamburg, HRB 106076
Manager:
Uncle Sam Online
Vertriebs- und
Vermarktungsrechte GmbH
Harckesheyde 91-93
D 22844 Norderstedt
Legal form: Private
limited company
Share capital: EUR 26,000.00
Registered
on: 01.03.1995
Reg. data: 24114 Kiel, HRB 3455 NO
Manager:
Ventana
Bekleidungsfabrikation G.m.b.H.
Harckesheyde 91-93
D 22844 Norderstedt
Legal form: Private
limited company
Share capital: EUR 26,000.00
Registered
on: 17.07.2008
Reg. data: 24114 Kiel, HRB 10020 KI
Manager:
PromOcean GmbH
Rheinpromenade 6
D 40789 Monheim
Legal form: Private
limited company
Share capital: EUR
25,570.00
Registered
on: 02.05.2012
Reg. data: 40227 Düsseldorf, HRB 67832
Manager:
Phil Henson GmbH
Harckesheyde 91-93
D 22844 Norderstedt
Legal form: Private
limited company
Share capital: EUR 50,000.00
Registered
on: 04.04.2007
Reg. data:
24114 Kiel, HRB 8862 KI
Manager:
"Hanson" Im-
und Export GmbH
Harckesheyde 91-93
D 22844 Norderstedt
Legal form: Private
limited company
Share capital: EUR 26,000.00
Registered
on: 01.03.1995
Reg. data: 24114 Kiel, HRB 3454 NO
Manager:
"Bossini"
Fashion GmbH
Harckesheyde 91-93
D 22844 Norderstedt
Legal form: Private
limited company
Share capital: EUR 468,000.00
Registered
on: 27.03.1995
Reg. data: 24114 Kiel, HRB 3487 NO
Manager:
LF Europe (Germany)
Services GmbH
Harckesheyde 91-93
D 22844 Norderstedt
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 14.02.2013
Reg. data: 24114 Kiel, HRB 14623 KI
Member of the Board of Directors:
NestWerk Hamburgische
Initiative für
Sportliche Jugendarbeit
e.V.
Straßenbahnring 11
D 20251 Hamburg
Legal form: Registered
association
Registered
on: 15.07.1999
Reg. data: 20355 Hamburg, VR 16207
Further functions/participations of Ulf Stefan
Brettschneider
(Manager)
Manager:
Uncle Sam Online
Vertriebs- und
Vermarktungsrechte GmbH
Harckesheyde 91-93
D 22844 Norderstedt
Legal form: Private
limited company
Share capital: EUR
26,000.00
Registered
on: 01.03.1995
Reg. data: 24114 Kiel, HRB 3455 NO
Manager:
PromOcean GmbH
Rheinpromenade 6
D 40789 Monheim
Legal form: Private
limited company
Share capital: EUR 25,570.00
Registered
on: 02.05.2012
Reg. data: 40227 Düsseldorf, HRB 67832
Manager:
Phil Henson GmbH
Harckesheyde 91-93
D 22844 Norderstedt
Legal form: Private
limited company
Share capital: EUR 50,000.00
Registered
on: 04.04.2007
Reg. data: 24114 Kiel, HRB 8862 KI
Manager:
"Hanson" Im-
und Export GmbH
Harckesheyde 91-93
D 22844 Norderstedt
Legal form: Private
limited company
Share capital: EUR 26,000.00
Registered
on: 01.03.1995
Reg. data: 24114 Kiel, HRB 3454 NO
Manager:
Lornamead GmbH
Harckesheyde 91-93
D 22844 Norderstedt
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 31.10.2013
Reg. data: 24114 Kiel, HRB 15253 KI
Manager:
"Bossini"
Fashion GmbH
Harckesheyde
91-93
D 22844 Norderstedt
Legal form: Private
limited company
Share capital: EUR 468,000.00
Registered
on:
27.03.1995
Reg. data: 24114 Kiel, HRB 3487 NO
Manager:
Ventana
Bekleidungsfabrikation G.m.b.H.
Harckesheyde 91-93
D 22844 Norderstedt
Legal form: Private limited company
Share capital: EUR 26,000.00
Registered
on: 17.07.2008
Reg. data: 24114 Kiel, HRB 10020 KI
Manager:
LF Europe (Germany)
Services GmbH
Harckesheyde 91-93
D 22844 Norderstedt
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 14.02.2013
Reg. data: 24114 Kiel, HRB 14623 KI
Further functions/participations of Dr. Dirk
Pupke (Manager)
Manager:
Uncle Sam Online Vertriebs-
und
Vermarktungsrechte GmbH
Harckesheyde 91-93
D 22844 Norderstedt
Legal form: Private
limited company
Share capital: EUR 26,000.00
Registered
on: 01.03.1995
Reg. data: 24114 Kiel, HRB 3455 NO
Manager:
Ventana
Bekleidungsfabrikation G.m.b.H.
Harckesheyde 91-93
D 22844 Norderstedt
Legal form: Private
limited company
Share capital: EUR 26,000.00
Registered
on: 17.07.2008
Reg. data: 24114 Kiel, HRB 10020 KI
Manager:
Phil Henson GmbH
Harckesheyde 91-93
D 22844 Norderstedt
Legal form: Private
limited company
Share capital: EUR 50,000.00
Registered
on: 04.04.2007
Reg. data: 24114 Kiel, HRB 8862 KI
Manager:
"Hanson" Im-
und Export GmbH
Harckesheyde
91-93
D 22844 Norderstedt
Legal form: Private
limited company
Share capital: EUR 26,000.00
Registered
on:
01.03.1995
Reg. data: 24114 Kiel, HRB 3454 NO
Manager:
LF Europe (Germany)
Services GmbH
Harckesheyde 91-93
D 22844 Norderstedt
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 14.02.2013
Reg. data: 24114 Kiel, HRB 14623 KI
Manager:
"Bossini"
Fashion GmbH
Harckesheyde 91-93
D 22844 Norderstedt
Legal form: Private
limited company
Share capital: EUR 468,000.00
Registered
on: 27.03.1995
Reg. data: 24114 Kiel, HRB 3487 NO
Manager:
PromOcean GmbH
Rheinpromenade 6
D 40789 Monheim
Legal form: Private
limited company
Share capital: EUR 25,570.00
Registered
on: 02.05.2012
Reg. data: 40227 Düsseldorf, HRB 67832
Manager:
RMS Trading GmbH
Überseering 22
D 27580 Bremerhaven
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 21.06.2012
Reg. data: 28195 Bremen, HRB 5753 BHV
1977 - 29.07.1997 Beteiligungsgesellschaft Miles Handel
GmbH (AG Hamburg,
HRB 83543)
Lagerstr. 30
D 20357 Hamburg
Private limited
company
30.07.1997 - 31.03.1998 Miles Handelsgesellschaft International
mbH
Harckesheyde 91-93
D 22844 Norderstedt
Private limited
company
31.03.1998 - 10.02.2015 Miles Fashion GmbH
Harckesheyde 91-93
D 22844
Norderstedt
Private limited
company
Main
industrial sector
1399
Manufacture of other textiles n.e.c.
4616
Agents involved in the sale of textiles, apparel, footwear and leatherware
4641
Wholesale of textiles
4649
Wholesale of other household goods
Limited partner:
Upsolut Merchandising
GmbH & Co. KG
Friesenweg 7
D 22763 Hamburg
Legal form: Ltd partnership
with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 5,000.00
contribution:
Share: EUR 1,950.00
Reg. data: 25.10.2004
Local court
20355 Hamburg
HRA 100994
Shareholder:
"Bossini"
Fashion GmbH
Harckesheyde 91-93
D 22844 Norderstedt
Legal form: Private
limited company
Company Status: active
Share capital: EUR 468,000.00
Share: EUR 468,000.00
Reg. data: 27.03.1995
Local court
24114 Kiel
HRB 3487 NO
Shareholder:
Phil Henson GmbH
Harckesheyde 91-93
D 22844 Norderstedt
Legal form: Private
limited company
Company Status: active
Share capital: EUR 50,000.00
Share: EUR 50,000.00
Reg. data: 04.04.2007
Local court
24114 Kiel
HRB 8862 KI
Shareholder:
Uncle Sam Online
Vertriebs- und
Vermarktungsrechte GmbH
Harckesheyde 91-93
D 22844 Norderstedt
Legal form: Private limited
company
Company Status: active
Share capital: EUR 26,000.00
Share: EUR 26,000.00
Reg. data: 01.03.1995
Local court 24114 Kiel
HRB 3455 NO
Shareholder:
Ventana
Bekleidungsfabrikation G.m.b.H.
Harckesheyde 91-93
D 22844 Norderstedt
Legal form: Private limited company
Company Status: active
Share capital: EUR 26,000.00
Share: EUR 26,000.00
Reg. data: 17.07.2008
Local court
24114 Kiel
HRB 10020 KI
Shareholder:
"Hanson" Im-
und Export GmbH
Harckesheyde 91-93
D 22844 Norderstedt
Legal form: Private
limited company
Company Status: active
Share capital: EUR 26,000.00
Share: EUR 26,000.00
Reg. data: 01.03.1995
Local court
24114 Kiel
HRB 3454 NO
Payment experience: within agreed terms
Negative information:We have no negative information
at hand.
Type of ownership: proprietor
Share: 100.00 %
Address Harckesheyde 91-93
D 22844 Norderstedt
Land register documents were not available.
Principal bank
HSH
NORDBANK HAMBURG, 20095 HAMBURG
Sort. code: 20050000
BIC: HSHNDEHH200
Further banks
THE
ROYAL BANK OF SCOTLAND NIEDERLASSUNG FRANKFURT, 60311
FRANKFURT AM MAIN
Sort. code: 50230400
BIC: ABNADEFFFRA
DEUTSCHE BANK, 20079 HAMBURG
Sort. code: 20070000, Account no.: 0118877
BIC: DEUTDEHHXXX, IBAN: DE51200700000011887700
HSH
NORDBANK HAMBURG, KIEL, 20095 HAMBURG
Sort. code: 21050000, Account no.: 235259000
BIC: HSHNDEHHXXX, IBAN: DE27210500000235259000
HSBC TRINKAUS & BURKHARDT, 40002 DÜSSELDORF
Sort. code: 30030880, Account no.: 800045002
BIC: TUBDDEDDXXX, IBAN: DE20300308800800045002
Financial year: 01.01.
- 31.12.
Share capital: EUR 11,000,000.00
Employees: 200
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.22 |
|
|
1 |
Rs.102.23 |
|
Euro |
1 |
Rs.72.39 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIT |
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.