MIRA INFORM REPORT

 

 

 

 

Report No. :

284230.2

Report Date :

13.02.2015

 

IDENTIFICATION DETAILS

 

Name :

GRIES DECO COMPANY GMBH

 

 

Registered Office :

Boschstr. 7 + 7A D 63843 Niedernberg

 

 

Country :

Germany

 

 

Date of Incorporation :

21.02.1974

 

 

Com. Reg. No.:

HRB 623

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

·         Agents involved in the sale of furniture, fitments and antiques

·         Wholesale of furniture, carpets and rugs and lighting

·         Retail sale of ceramic goods and glassware

·         Retail sale of household articles n.e.c.

 

 

No. of Employee :

Not Available

 

 

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 – December 31, 2014

 

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

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, has 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 5.3% in 2013. The new German government introduced a minimum wage of $11 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%. 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. 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 hopes to replace nuclear power with renewable energy. 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.

 

Source : CIA

 

 

NOTE

 

 Supplement

 We refer to your enquiry of  02.09.2014.

 In the meantime there have been changes in particular in the

 following areas subject to monitoring:

   - Name / address

   - Legal form

 

 

Company name and address

 

GRIES DECO COMPANY GMBH

 

 Company Status:      active

 

 Main address:  Boschstr. 7 + 7a

                        D 63843 Niedernberg

                        Telephone:06028/9440

                        Telefax:  06028/94474099

                         Homepage: www.gries-deco-company.de

                        E-mail:   info@gries-deco-company.de

 

 Legal office:     Boschstr. 7 + 7a

                        D 63843 Niedernberg

 

 VAT no.:           DE132085427

 

 

 CONCLUSION

 

 Business relations are permissible.

 

 

Summary

 

 LEGAL FORM              Private limited company

 Date of foundation:        21.02.1974

 Registered on:              21.02.1974

 Commercial Register:    Local court 63739 Aschaffenburg

 under:                          HRB 623

 

 

 Share capital

 

EUR             51,129.19

 

 

 Shareholder:

                      Gries Deco Holding GmbH

                      Boschstr. 7a

                      D 63843 Niedernberg

                      Legal form: Private limited company

                      Share capital:     EUR             63,000.00

                      Share:             EUR             51,129.19

                      Registered on: 08.10.2004

                      Reg. data: 63739 Aschaffenburg, HRB 9132

                      Profit transfer agreement

 Manager:

                      Hans-Dieter Christ

                      D 57299 Burbach

                      having sole power of representation

                      born: 28.06.1949

 Manager:

                      Christian Gries

                      Am Leonhardsbrunn 4

                      D 60487 Frankfurt

                      having sole power of representation

                      born: 06.09.1971

                      Profession: Industrial manager

                      Marital status: unknown

 Manager:

                      Matthias Schob

                      D 63768 Hösbach

                      having sole power of representation

                      born: 15.08.1971

 Manager:

                      Patric Spethmann

                      D 63739 Aschaffenburg

                      born: 09.09.1978

 

 Further functions/participations of Christian Gries (Manager)

 Shareholder:

                      Christian Gries GmbH

                      Boschstr. 7a

                      D 63843 Niedernberg

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Share:             EUR             25,000.00

                      Registered

                      on:         17.10.2008

                      Reg. data:  63739 Aschaffenburg, HRB 10459

 Shareholder:

                      Opportunity Boschstraße Fixtures GmbH

                      Nordring 55

                      D 63843 Niedernberg

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Share:             EUR             25,000.00

                      Registered

                      on:         18.08.2014

                      Reg. data:  63739 Aschaffenburg, HRB 12997

 Shareholder:

                      Diskus Einhundertacht- undsechzigste

                      Beteiligungs- und Verwaltungs-GmbH

                      D 63825 Schöllkrippen

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Share:             EUR             25,000.00

                      Registered

                      on:         20.08.2004

                      Reg. data:  63739 Aschaffenburg, HRB 9175

 Manager:

                      Christian Gries GmbH

                      Boschstr. 7a

                      D 63843 Niedernberg

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         17.10.2008

                      Reg. data:  63739 Aschaffenburg, HRB 10459

 Manager:

                      Gries Vermögensverwaltung GmbH

                      Boschstr. 7

                      D 63843 Niedernberg

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         07.12.2004

                      Reg. data:  63739 Aschaffenburg, HRB 9175

 Manager:

                      Gries Deco Holding GmbH

                      Boschstr. 7a

                      D 63843 Niedernberg

                      Legal form: Private limited company

                      Share capital:     EUR             63,000.00

                      Registered

                      on:         08.10.2004

                      Reg. data:  63739 Aschaffenburg, HRB 9132

 Manager:

                      Opportunity Boschstraße Fixtures GmbH

                      Nordring 55

                      D 63843 Niedernberg

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         18.08.2014

                      Reg. data:  63739 Aschaffenburg, HRB 12997

 Manager:

                      Opportunity Boschstraße GmbH

                      Nordring 55

                      D 63843 Niedernberg

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         26.08.2014

                      Reg. data:  63739 Aschaffenburg, HRB 13003

 Practising person:

                      Christian Gries

                      Kettenhofweg 125

                      D 60325 Frankfurt

                      Legal form: Independent profession

 

 

 COMPANY HISTORY

 

 21.02.1974 - 01.09.2005  Gries Festideen Produktions GmbH

                          Industriestr. 3

                          D 63825 Schöllkrippen

                          Private limited company

 02.09.2005 - 20.08.2006  Gries Deco Company GmbH

                          Industriestr. 3

                          D 63825 Schöllkrippen

                          Private limited company

 20.05.2014 - 05.02.2015  Gries Deco Company GmbH

                          Boschstr. 7a

                          D 63843 Niedernberg

                          Private limited company

 

 

 BUSINESS ACTIVITIES

 

 Main industrial sector

 46151   Agents involved in the sale of furniture, fitments and

 antiques

46470   Wholesale of furniture, carpets and rugs and lighting

47592   Retail sale of ceramic goods and glassware

47599   Retail sale of household articles n.e.c.

 

 

 BRANCHES AND FACTORIES

 

 Works:

                      Gries Deco Company GmbH

                      Goldbacher Str. 2

                      D 63739 Aschaffenburg

 Works:

                      Gries Deco Company GmbH

                      Nürnberger Str. 14

                      D 63450 Hanau

 Works:

                      Gries Deco Company GmbH

                      Luisenstr. 12

                      D 64283 Darmstadt

 Works:

                      Gries Deco Company GmbH

                      Zeil 121

                      D 60313 Frankfurt

 Works:

                      Gries Deco Company GmbH

                      Industriestr. 3

                      D 63825 Schöllkrippen

 Works:

                      Gries Deco Company GmbH

                      Berner Heerweg 173-175

                      D 22159 Hamburg

 Works:

                      Gries Deco Company GmbH

                      Limbecher Str. 20-28

                      D 49632 Essen

 Works:

                      Gries Deco Company GmbH

                      Wandsbeker Marktstr. 103-107

                      D 22041 Hamburg

                      TEL.: 040/68860420

 Works:

                      Gries Deco Company GmbH

                      Langgasse 17

                      D 65183 Wiesbaden

 Works:

                      Gries Deco Company GmbH

                      Dominikanerplatz 5

                      D 97070 Würzburg

 Works:

                      Gries Deco Company GmbH

                      Am Bahnhof 40

                      D 57072 Siegen

 Works:

                      Gries Deco Company GmbH

                      Königstr. 11

                      D 70173 Stuttgart

 Works:

                      Gries Deco Company GmbH

                      Ludwigsplatz 5

                      D 94315 Straubing

 Works:

                      Gries Deco Company GmbH

                      Königsallee 56

                      D 40212 Düsseldorf

 Works:

                      Gries Deco Company GmbH

                      Hermannplatz

                      D 10967 Berlin

 Works:

                      Gries Deco Company GmbH

                      Humboldtring 5

                      D 45472 Mülheim

                      TEL.: 0208/37783962

 Works:

                      Gries Deco Company GmbH

                      Bahnhofplatz 7

                      D 80335 München

 Works:

                      Gries Deco Company GmbH

                      Neuhauser Str. 21

                      D 80331 München

 Works:

                      Gries Deco Company GmbH

                      Hermesstr. 4

                      D 63263 Neu-Isenburg

 Works:

                      Gries Deco Company GmbH

                      Breite Gasse 5

                      D 90402 Nürnberg

                      TEL.: 0911/2110540

                      FAX.: 0911/2110541

 Works:

                      Gries Deco Company GmbH

                      Robert-Schumann-Str.

                      D 68519 Viernheim

 Works:

                      Gries Deco Company GmbH

                      Schuhstr. 29-34

                      D 38100 Braunschweig

 Works:

                      Gries Deco Company GmbH

                      Bergstr. 1

                      D 29221 Celle

 Works:

                      Gries Deco Company GmbH

                      Zeil 90

                      D 60313 Frankfurt

 Works:

                      Gries Deco Company GmbH

                      Hauptstr. 79

                      D 69117 Heidelberg

                      TEL.: 06221/8936478

 Works:

                      Gries Deco Company GmbH

                      Centroallee 242

                      D 46047 Oberhausen

                      TEL.: 0208/2993468

 Works:

                      Gries Deco Company GmbH

                      Klosterstr. 3

                      D 13581 Berlin

 Works:

                      Gries Deco Company GmbH

                      Main-Taunus-Zentrum

                      D 65843 Sulzbach

 Works:

                      Gries Deco Company GmbH

                      Lüneburger Str. 39

                      D 21073 Hamburg

 Works:

                      Gries Deco Company GmbH

                      Kurfürstendamm 231

                      D 10719 Berlin

 Works:

                      Gries Deco Company GmbH

                      Spitalerstr. 10-12

                      D 20095 Hamburg

 Works:

                      Gries Deco Company GmbH

                      Tal 20

                      D 80331 München

                      TEL.: 089/24224542

 Works:

                      Gries Deco Company GmbH

                      Salzstr. 47-50

                      D 48143 Münster

 Works:

                      Gries Deco Company GmbH

                      Große Str. 60

                      D 49074 Osnabrück

                      TEL.: 0541/2023183

 Works:

                      Gries Deco Company GmbH

                      Am Forum 1

                      D 35576 Wetzlar

                      TEL.: 06441/3092960

 Works:

                      Gries Deco Company GmbH

                      Am Glockenturm 5

                      D 63814 Mainaschaff

 Branch:

                      Gries Deco Company GmbH

                      Großostheimer Str.

                      D 63843 Niedernberg

 

 

 FINANCIAL INFORMATION

 

 

 Payment experience:  within periods customary in this trade

 

 Negative information:We have no negative information at hand.

 

 

 REAL ESTATE

 

 Type of ownership:        Tenant

 Address                       Boschstr. 7 + 7a

                                    D 63843 Niedernberg

 

 Real Estate of:              Christian Gries

 Type of ownership:        unknown

 Address                       Kettenhofweg 125

                                    D 60325 Frankfurt

 

 Land register documents were not available.

 

BANKERS

 

 Principal banks

 COMMERZBANK, 63707 ASCHAFFENBURG

 Sort. code: 79540049

 BIC: COBADEFFXXX

 COMMERZBANK VORMALS DRESDNER BANK, 64219 DARMSTADT

 Sort. code: 50880050

 BIC: DRESDEFF508

 LANDESBANK BADEN-WÜRTTEMBERG/BADEN-WÜRTTEMBERGISCHE BANK, 70144

 STUTTGART

 Sort. code: 60050101

 BIC: SOLADEST600

 LANDESBANK BADEN-WÜRTTEMBERG, 70144 STUTTGART

 Sort. code: 60050000

 BIC: SOLADESTXXX

 

 Further banks

 BNP PARIBAS FORTIS NDL DEUTSCHLAND, 60327 FRANKFURT AM MAIN

 Sort. code: 37010600

 BIC: GEBADE33XXX

 POSTBANK, 60288 FRANKFURT AM MAIN

 Sort. code: 50010060

 BIC: PBNKDEFFXXX

 

 

 FINANCIAL FIGURES

 

 Financial year:      01.01. - 31.12.

 Share capital:                          EUR             51,129.19

 

The number of employees is not known.

 

 Profit transfer agreement to:

 Gries Deco Holding GmbH

 Boschstr. 7a

 D 63843 Niedernberg

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.62.43

UK Pound

1

Rs.95.02

Euro

1

Rs.70.63

 

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

Report Prepared by :

ANK

 

 

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%)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.