MIRA INFORM REPORT

 

 

 

 

Report No. :

247142.2

Report Date :

14.02.2015

 

IDENTIFICATION DETAILS

 

Name :

BHB-FASHION SERVICE GMBH

 

 

Registered Office :

Rheiner Str. 28 D 48499 Salzbergen

 

 

Country :

Germany

 

 

Date of Incorporation :

13.10.1999

 

 

Com. Reg. No.:

HRB 100716

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :
  • Manufacture of other outerwear
  • Wholesale of clothing

 

 

No. of Employee :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

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

 

In the meantime there have been changes in particular in the

 following areas subject to monitoring:

   - Legal form

 

 

Company name and address

 

BHB-Fashion Service GmbH

 

 Company Status:      active

                      Rheiner Str. 28

                      D 48499 Salzbergen

                      Telephone:05976/270

                      Telefax:  05976/27211

                      Homepage: www.bueltel-mode.de

                      E-mail:   info@bueltel.com

 

 VAT no.:             DE812825010

 Tax ID number:       61/201/00419

 

 

 CONCLUSION

 

 Business relations are permissible.

 

 

 LEGAL FORM              Private limited company

 Date of foundation:      13.10.1999

 Shareholders'

 agreement:                   13.10.1999

 Registered on:             27.12.2000

 Commercial Register:   Local court 49074 Osnabrück

 under:                          HRB 100716

 

 

 Share capital

 

 EUR            250,000.00

 

 Shareholder:

                      Bültel Bekleidungswerke GmbH

                      Rheiner Str. 28

                      D 48499 Salzbergen

                      Legal form: Private limited company

                      Share capital:     EUR         10,000,000.00

                      Share:             EUR            250,000.00

                      Registered on: 04.10.1978

                      Reg. data: 49074 Osnabrück, HRB 100049

                      Profit transfer agreement

 Manager:

                      Thorsten Suska

                      D 48429 Rheine

                      born: 25.07.1965

 Manager:

                      Frank Gerhard Brüggemann

                      D 48527 Nordhorn

                      born: 19.04.1969

 Manager:

                      Hendrik-Adrianus Muis

                      D 48527 Nordhorn

                      born: 04.03.1965

 

 Further functions/participations of Thorsten Suska (Manager)

 Shareholder:

                      Bültel Bekleidungswerke GmbH

                      Rheiner Str. 28

                      D 48499 Salzbergen

                      Legal form: Private limited company

                      Share capital:     EUR         10,000,000.00

                      Share:             EUR            500,000.00

                      Registered

                      on:         04.10.1978

                      Reg. data:  49074 Osnabrück, HRB 100049

 Manager:

                      hattric fashion GmbH

                      Südring 53

                      D 46342 Velen

                      Legal form: Private limited company

                      Share capital:     EUR          1,800,000.00

                      Registered

                      on:         27.10.1972

                      Reg. data:  48653 Coesfeld, HRB 5057

 Manager:

                      Bültel Bekleidungswerke GmbH

                      Rheiner Str. 28

                      D 48499 Salzbergen

                      Legal form: Private limited company

                      Share capital:     EUR         10,000,000.00

                      Registered

                      on:         04.10.1978

                      Reg. data:  49074 Osnabrück, HRB 100049

 Manager:

                      Bültel Worldwide Fashion GmbH

                      Rheiner Str. 28

                      D 48499 Salzbergen

                      Legal form: Private limited company

                      Share capital:     EUR            511,291.88

                      Registered

                      on:         06.04.1998

                      Reg. data:  49074 Osnabrück, HRB 100546

 Manager:

                      freestyle fashion gmbh

                      Rheiner Str. 28

                      D 48499 Salzbergen

                      Legal form: Private limited company

                      Share capital:     EUR             50,000.00

                      Registered

                      on:         23.06.1999

                      Reg. data:  49074 Osnabrück, HRB 100629

 Manager:

                      CALAMAR GmbH

                      Rheiner Str. 28

                      D 48499 Salzbergen

                      Legal form: Private limited company

                      Share capital:     EUR            500,000.00

                      Registered

                      on:         09.09.2013

                      Reg. data:  49074 Osnabrück, HRB 207663

 Manager:

                      Bültel Outlet Stores GmbH

                      Rheiner Str. 28

                      D 48499 Salzbergen

                      Legal form: Private limited company

                      Share capital:     EUR            100,000.00

                      Registered

                      on:         09.09.2013

                      Reg. data:  49074 Osnabrück, HRB 207667

 

 Further functions/participations of Frank Gerhard Brüggemann

 (Manager)

 Manager:

                      hattric fashion GmbH

                      Südring 53

                      D 46342 Velen

                      Legal form: Private limited company

                      Share capital:     EUR          1,800,000.00

                      Registered

                      on:         27.10.1972

                      Reg. data:  48653 Coesfeld, HRB 5057

 Manager:

                      Bültel Bekleidungswerke GmbH

                      Rheiner Str. 28

                      D 48499 Salzbergen

                      Legal form: Private limited company

                      Share capital:     EUR         10,000,000.00

                      Registered

                      on:         04.10.1978

                      Reg. data:  49074 Osnabrück, HRB 100049

 Manager:

                      Bültel Worldwide Fashion GmbH

                      Rheiner Str. 28

                      D 48499 Salzbergen

                      Legal form: Private limited company

                      Share capital:     EUR            511,291.88

                      Registered

                      on:         06.04.1998

                      Reg. data:  49074 Osnabrück, HRB 100546

 Manager:

                      freestyle fashion gmbh

                      Rheiner Str. 28

                      D 48499 Salzbergen

                      Legal form: Private limited company

                      Share capital:     EUR             50,000.00

                      Registered

                      on:         23.06.1999

                      Reg. data:  49074 Osnabrück, HRB 100629

 Manager:

                      CALAMAR GmbH

                      Rheiner Str. 28

                      D 48499 Salzbergen

                      Legal form: Private limited company

                      Share capital:     EUR            500,000.00

                      Registered

                      on:         09.09.2013

                      Reg. data:  49074 Osnabrück, HRB 207663

 Manager:

                      Bültel Outlet Stores GmbH

                      Rheiner Str. 28

                      D 48499 Salzbergen

                      Legal form: Private limited company

                      Share capital:     EUR            100,000.00

                      Registered

                      on:         09.09.2013

                      Reg. data:  49074 Osnabrück, HRB 207667

 

 

 COMPANY HISTORY

 

 13.10.1999 - 26.12.2000  Strat-Man-Mode GmbH

                          Rheiner Str. 28

                          D 48432 Rheine

                          Private limited company

 

 

 RESIGNED ACTING PERSONS AND SHAREHOLDERS

 

 20.03.2008 - 10.04.2012  Manager

                          Jürgen Schmitz

                          D 40489 Düsseldorf

 

 

 BUSINESS ACTIVITIES

 

 Main industrial sector

 1413    Manufacture of other outerwear

46421   Wholesale of clothing

 

 Secondary industrial sector

 63110   Data processing, hosting and related activities

 

 

 FINANCIAL INFORMATION

 

Payment experience:  within agreed terms

 

 Negative information:We have no negative information at hand.

 

 

 REAL ESTATE

 

 Type of ownership:   Tenant

 Address              Rheiner Str. 28

                        D 48499 Salzbergen

 

 Land register documents were not available.

 

 

 BANKERS

 

 Principal bank

 KBC BANK DEUTSCHLAND, 40212 DÜSSELDORF

 Sort. code: 30120500

 BIC: BANVDEHB300

 

 Further bank

 COMMERZBANK VORMALS DRESDNER BANK, 48135 MÜNSTER, WESTF

 Sort. code: 40080040

 BIC: DRESDEFF400

 

 

 FINANCIAL FIGURES

 

 Financial year:      01.01. - 31.12.

 Share capital:       EUR            250,000.00

 The number of employees is not known.

 

 Profit transfer agreement to:

                      Bültel Bekleidungswerke GmbH

                      Rheiner Str. 28

                     D 48499 Salzbergen

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.62.14

UK Pound

1

Rs.95.78

Euro

1

Rs.71.05

 

 

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%)

 

 

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