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Report No. : |
356747 |
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Report Date : |
29.12.2015 |
IDENTIFICATION DETAILS
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Name : |
HOLIDAY HEIMTEX JOHANNES WAGNER INH. HEIKO
WAGNER E.K. |
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Registered Office : |
Im Wiesengrund 13, D 77960 Seelbach |
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Country : |
Germany |
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Date of Incorporation : |
01.02.1984 |
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Com. Reg. No.: |
HRA 391290 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Wholesale of Textiles |
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No. of Employees : |
8 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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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 |
|
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 |
HOLIDAY HEIMTEX JOHANNES WAGNER INH. HEIKO
WAGNER E.K.
Company Status: active
Im Wiesengrund 13
D 77960 Seelbach
Telephone:07823/96104-0
Telefax:
07823/96104-19
Homepage: www.holiday-heimtex.de
E-mail:
info@holiday-heimtex.de
VAT
no.: DE260759375
Business relations are permissible.
LEGAL FORM Sole proprietorship
Date of foundation: 01.02.1984
Registered
on: 09.03.1992
Register of
companies: Local court 79098 Freiburg
under: HRA 391290
Proprietor:
Heiko Herrmann Wagner
D 77960 Seelbach
born: 15.11.1977
01.02.1984 - 1990 Johannes Wagner
Im Wiesengrund 4
D 77960 Seelbach
Unregistered
commercial enterprise
1991 - 27.08.2006 Johannes Wagner
Im Wiesengrund 13
D 77960 Seelbach
Sole proprietorship
28.08.2006 - 02.09.2008 HOLIDAY Johannes Wagner Freizeitartikel
& Heimtextilien
Im Wiesengrund 13
D 77960 Seelbach
Sole proprietorship
Main industrial sector
46410
Wholesale of textiles
Payment experience: within agreed terms
Negative information: We have no negative
information at hand.
PMI: No significant / relevant
payment experience
information pertaining to
the company
inquired upon is shown in
the Deutscher
Debitoren Monitor
(DDMonitor).
Events Index: 1
At present, NO events are
known.
The Events Index
indicates if any particular
events have occurred,
such as e.g. a
relocation of registered
office or a change
within management. On the
basis of number,
relevance and
up-to-dateness of the events
an index value ranging
from 1 (no events) to
5 is calculated.
Companies showing a
particularly large number
of events receive
the index 6.
Type of ownership: Tenant
Address Im Wiesengrund 13
D 77960 Seelbach
Land register documents were not available.
SPARKASSE OFFENBURG/ORTENAU, 77662 OFFENBURG
Sort. code: 66450050
BIC: SOLADES1OFG
Financial year: 01.04. - 31.03.
Turnover: 2012/2013 *EUR 1,137,500.00
2013/2014 EUR 1,137,500.00
2014/2015 EUR 1,150,000.00
Expected turnover: EUR
1,150,000.00
further business figures:
Equipment: *EUR 39,000.00
Ac/ts receivable: *EUR 292,500.00
Liabilities: *EUR 208,000.00
Total numbers of vehicles: 1
Employees:
8
-
thereof permanent staff: 5
-
Part-time employees: 3
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.66.13 |
|
|
1 |
Rs.98.69 |
|
Euro |
1 |
Rs.72.55 |
|
EUR |
1 |
Rs.72.81 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
KAS |
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|
|
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
|
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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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 |
|
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
|
-- |
NB |
New Business |
-- |
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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.