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Report No. : |
354269 |
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Report Date : |
19.12.2015 |
IDENTIFICATION DETAILS
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Name : |
HOME SHOPPING EUROPE GMBH |
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Registered Office : |
Münchener Str. 101h, D 85737 Ismaning |
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Country : |
Germany |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
07.11.2005 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
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No. of Employee : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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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, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 |
HOME SHOPPING EUROPE GMBH
Company Status: active
Münchener Str. 101h
D 85737 Ismaning
Telephone:089/96060-0
Telefax:
01801/87359999
Homepage: www.hse24.de
E-mail: service@hse24.de
VAT
no.: DE255554393
Tax
ID number: 143/146/80872
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 07.11.2005
Shareholders'
agreement: 07.11.2005
Registered on: 09.11.2005
Commercial Register: Local court 80333 München
under: HRB
159494
Share capital: EUR 50,100.00
HSE24 Holding GmbH
Münchener Str. 101h
D 85737 Ismaning
Legal form: Private limited company
Share capital: EUR 25,000.00
Share: EUR 50,100.00
Registered on: 26.11.2009
Reg. data: 80333 München, HRB 182625
Profit transfer agreement
Richard Reitzner
Schlagintweitstr. 17
D 80638 München
authorized to jointly
represent the company
born: 16.06.1964
President of the Supervisory Board:
Konrad Hilbers
D 85737 Ismaning
Marital status: unknown
Vice-president of the Supervisory Board:
Robert Sudo
D 85737 Ismaning
Marital status: unknown
Member of the Supervisory Board:
Uwe Richter
Durchlaß 2
D 85737 Ismaning
Gerhard Weinfurtner
D 85652 Pliening
authorized to jointly
represent the company
born: 21.03.1964
Proxy:
Ralph Brugger
D 80636 München
authorized to jointly
represent the company
born: 20.07.1966
Further
functions/participations of Richard Reitzner (Manager)
Manager:
HSE24 Holding GmbH
Münchener Str. 101h
D 85737 Ismaning
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 26.11.2009
Reg. data: 80333 München, HRB 182625
Manager:
HSE24 Beteiligungs GmbH
Münchener Str. 101h
D 85737 Ismaning
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 26.11.2009
Reg. data: 80333 München, HRB 182624
Manager:
HSE24 Finance &
Service GmbH
Münchener Str. 101h
D 85737 Ismaning
Legal form: Private
limited company
Share capital: EUR 27,935.00
Registered
on: 30.08.2012
Reg. data: 80333 München, HRB 200648
Manager:
HSE24 Multichannel
GmbH
Münchener Str. 101h
D 85737 Ismaning
Legal form: Private
limited company
Share capital: EUR 32,185.00
Registered
on: 01.08.2012
Reg. data: 80333 München, HRB 200142
Manager:
HSE24 Trading GmbH
Münchener Str. 101h
D 85737 Ismaning
Legal form: Private
limited company
Share capital: EUR 27,935.00
Registered
on: 31.07.2012
Reg. data: 80333 München, HRB 200123
07.11.2005 - 30.12.2005 heptus
78. GmbH
Bavariaring 29
D 80336 München
Private limited company
30.12.2005 - 17.10.2007 Home
Shopping Europe Holding GmbH
Münchener Str. 101h
D 85737 Ismaning
Private limited company
Main industrial sector
4791 Retail
sale via mail-order houses or Internet
6020
Television programming and broadcasting activities
Payment experience: within periods customary in this trade
Negative information:We have no negative
information at hand.
Type of ownership: Tenant
Address Münchener
Str. 101h
D 85737 Ismaning
Land register documents were not available.
UNICREDIT BANK - HYPOVEREINSBANK, 80311
MÜNCHEN
Sort.
code: 70020270
BIC: HYVEDEMMXXX, IBAN: DE36700202700002734699
Financial year: 01.01.
- 31.12.13
Turnover: 2013 EUR 489,659,000.00
Share capital: EUR
50,100.00
The
number of employees is not known.
Profit transfer agreement to:
HSE24 Holding GmbH
Münchener Str. 101h
D 85737 Ismaning
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.42 |
|
|
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.72.14 |
|
EUR |
1 |
Rs. 72.06 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
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|
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Report Prepared
by : |
ASH |
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.