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Report No. : |
357036 |
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Report Date : |
30.12.2015 |
IDENTIFICATION DETAILS
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Name : |
ERNSTING'S FAMILY GMBH & CO. KG |
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Registered Office : |
Hugo-Ernsting-Platz 1, D 48653 Coesfeld |
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Country : |
Germany |
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Date of Incorporation : |
1968 |
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Com. Reg. No.: |
HRA 1730 |
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Legal Form : |
Limited Partnership With Private Limited Company As General Partner |
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Line of Business : |
Retail Sale of Clothing |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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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 : |
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 |
ERNSTING'S FAMILY GMBH & CO. KG
Company Status: active
Hugo-Ernsting-Platz 1
D 48653 Coesfeld
Telephone:02546/770
Telefax:
02546/772890
Homepage: www.ernstings-family.de
E-mail:
info@ernstings-family.de
Trade name: Gina
Benotti, Topomini, Topolino, My Home, van Vaan, Yigga
VAT
no.: DE124462989
Business relations are permissible.
LEGAL FORM Ltd partnership with priv. ltd. company as
general partner
Date
of foundation: 1968
Begin of business
activities: 26.10.1983
Registered on: 26.10.1983
Register of
companies: Local
court 48653 Coesfeld
under: HRA
1730
Total cap. contribution: EUR 767,000.00
Limited partner:
EHG Service GmbH
Hugo-Ernsting-Platz 1
D 48653 Coesfeld
Post Box:
21 62, D 48644 Coesfeld
Lette
Legal form: Private
limited company
Share capital: EUR
25,600,000.00
Share: EUR 767,000.00
Registered on: 12.05.1993
Reg. data: 48653
Coesfeld, HRB 2035
General partner:
Ernsting's family
Geschäftsführungs-GmbH
Hugo-Ernsting-Platz 1
D 48653 Coesfeld
Legal form: Private
limited company
Share capital: EUR 26,000.00
Registered on: 23.11.1982
Reg. data: 48653
Coesfeld, HRB 1451
Shareholder:
EHG Service GmbH
Hugo-Ernsting-Platz 1
D 48653 Coesfeld
Post Box:
21 62, D 48644 Coesfeld
Lette
Legal form: Private
limited company
Share capital: EUR
25,600,000.00
Share: EUR 26,000.00
Registered on: 12.05.1993
Reg. data: 48653
Coesfeld, HRB 2035
Manager:
Johannes Ehling
Kalvarienbergstr. 14a
D 82340 Feldafing
born: 02.02.1967
Marital status: married
Manager:
Horst Heinrich Beeck
Am Wilbert 66
D 40885 Ratingen
born: 23.06.1966
Manager:
Oliver Haller
Birkenweg 6
D 48249 Dülmen
born: 05.12.1968
Manager:
Dagmar Heuer
Lilienbeck 17a
D 48727 Billerbeck
born: 15.08.1955
Marital status: unknown
Manager:
Adrian Cüppers
D 20095 Hamburg
born: 15.10.1966
Proxy:
Holger Henning
D 48301 Nottuln
authorized to jointly
represent the company
born: 16.04.1969
Proxy:
Markus Kramer
D 45701 Herten
authorized to jointly
represent the company
born: 22.04.1972
Proxy:
Daniel Köster
D 48143 Münster
authorized to jointly
represent the company
born: 27.08.1976
26.10.1983 - 17.09.2015 Ernsting's family GmbH & Co. KG
Industriestr. 1
D 48653 Coesfeld
Ltd partnership with priv. ltd. company
as general partner
Main industrial sector
47710
Retail sale of clothing
Works:
Ernsting's family GmbH
& Co. KG
Hugo-Ernsting-Platz
D 48653 Coesfeld
Branch:
Ernsting's family GmbH
& Co. KG
Kurt-Ernsting-Str. 1
OT Klieken
D 06869 Coswig
TEL.: 034903/5020
FAX.: 034903/5021890
Branch:
Ernsting's family GmbH
& Co. KG
Industriestr. 29
D 21493 Schwarzenbek
Payment experience: cash discount/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).
Type of ownership: Tenant
Address Hugo-Ernsting-Platz 1
D 48653 Coesfeld
Real Estate of: Ernsting's family Geschäftsführungs-GmbH
Type of ownership: Tenant
Address Hugo-Ernsting-Platz 1
D 48653 Coesfeld
Land register documents were not available.
Principal bank
SPARKASSE
WESTMÜNSTERLAND, 48653 COESFELD
Sort. code: 40154530
BIC: WELADE3WXXX, IBAN: DE16401545300059066365
Further bank
COMMERZBANK VORMALS DRESDNER BANK, 48135
MÜNSTER, WESTF
Sort. code: 40080040
BIC: DRESDEFF400, IBAN: DE66400800400608585400
Financial year: 01.01. - 31.12.
The number of employees is not known.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.37 |
|
|
1 |
Rs.98.91 |
|
Euro |
1 |
Rs.72.85 |
|
EUR |
1 |
Rs.72.61 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
|
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-- |
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.