MIRA INFORM REPORT

 

 

Report No. :

307141

Report Date :

14.02.2015

 

IDENTIFICATION DETAILS

 

Name :

RIEKER-SCHUH GMBH

 

 

Registered Office :

Gänsäcker 31, D 78532 Tuttlingen,  Post Box:  2 40, D 78503 Tuttlingen

 

 

Country :

Germany

 

 

Date of Incorporation :

10.11.1972

 

 

Legal Form :

Private limited company

 

 

Line of Business :

·         Tanning and dressing of leather; dressing and dyeing of fur

  • Manufacture of other plastic products

 

 

No. of Employee :

73

 

 

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

 

Company name and address

 

 RIEKER-SCHUH GMBH

 

 Company Status:      active

                      Gänsäcker 31

                      D 78532 Tuttlingen

                      Post Box:

                      2 40, D 78503 Tuttlingen

                     

         Telephone:07462/201-0

                      Telefax:  07462/7013

                      Homepage: www.rieker.com

                      E-mail:   rieker-schuh@rieker.de

 

 VAT no.:             DE167711341

 Tax ID number:       21100/28033

 

 

 CONCLUSION

 

 Business relations are permissible.

 

 

 LEGAL FORM          

 

 Private limited company

 Date of foundation:      10.11.1972

 Registered on:             18.12.1972

 Commercial Register: Local court 70190 Stuttgart

 under:                          HRB 450101

 

 

 Share capital    

 

 EUR          1,022,583.76

 

 

 Shareholder

                   

         Schuh-Union GmbH

                      Gänsäcker 31

                      D 78532 Tuttlingen

                      Legal form: Private limited company

                      Share capital:     EUR          2,000,000.00

                      Share:             EUR          1,022,583.76

                      Registered on: 01.07.2004

                      Reg. data: 70190 Stuttgart, HRB 451312

                      Profit transfer agreement

 

 

 Manager

 

                      Andreas Lukes

                      D 78532 Tuttlingen

                      authorized to jointly represent the company

                      born: 06.03.1957

                      Profession: Fully qualified merchant

                      Marital status: married

                      Ulrich Stiefel

                      D 78570 Mühlheim

                      born: 15.04.1969

                      Marital status: married

 

                      Thomas Raach

                      D 78573 Wurmlingen

                      authorized to jointly represent the company

                      born: 16.02.1981

 

 

 Proxy

 

                      Joachim Holzwarth

                      D 78532 Tuttlingen

                      born: 28.04.1956

                      Marital status: married

 

                      Harald Riess

                      CH 8201 Schaffhausen

                      born: 25.02.1962

                      Marital status: married

 

                      Uwe Schadt

                      D 78573 Wurmlingen

                      born: 06.04.1961

 

 

Further functions/participations of Andreas Lukes (Manager)

 

MANAGER

                      Schuh-Union GmbH

                      Gänsäcker 31

                      D 78532 Tuttlingen

                      Legal form: Private limited company

                      Share capital:     EUR          2,000,000.00

                      Registered

                      on:         01.07.2004

                      Reg. data:  70190 Stuttgart, HRB 451312

 

                      SPG Verwaltungs GmbH

                      Gänsäcker 31

                      D 78532 Tuttlingen

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         30.12.1983

                      Reg. data:  70190 Stuttgart, HRB 450412

 

                      Rieker Entwicklungs GmbH

                      Gänsäcker 31

                      D 78532 Tuttlingen

                      Legal form: Private limited company

                      Share capital:     EUR             50,000.00

                      Registered

                      on:         26.06.1984

                      Reg. data:  70190 Stuttgart, HRB 450434

 

 

 Further functions/participations of Ulrich Stiefel (Manager)

 

MANAGER

 

                      RIM Verwaltungs GmbH

                      Gänsäcker 31

                      D 78532 Tuttlingen

                      Legal form: Private limited company

                      Share capital:     EUR             25,600.00

                      Registered

                      on:         01.07.2004

                      Reg. data:  70190 Stuttgart, HRB 451313

 

                      Schuh-Union GmbH

                      Gänsäcker 31

                      D 78532 Tuttlingen

                      Legal form: Private limited company

                      Share capital:     EUR          2,000,000.00

                      Registered

                      on:         01.07.2004

                      Reg. data:  70190 Stuttgart, HRB 451312

 

                      SPG Verwaltungs GmbH

                      Gänsäcker 31

                      D 78532 Tuttlingen

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         30.12.1983

                      Reg. data:  70190 Stuttgart, HRB 450412

 

                      ZRM Schuhverkaufs GmbH

                      Pirmasenser Str. 97

                      D 66482 Zweibrücken

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         14.06.2004

                      Reg. data:  66482 Zweibrücken, HRB 1859

 

                      Elsterblick-Center GmbH

                      Gänsäcker 31

                      D 78532 Tuttlingen

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         16.11.2010

                      Reg. data:  70190 Stuttgart, HRB 735521

 

 PROXY

                      Rieker Immobilien GmbH & Co. KG

                      Gänsäcker 31

                      D 78532 Tuttlingen

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Total cap.         EUR            100,000.00

                      contribution:

                      Registered

                      on:         01.01.2004

                      Reg. data:  70190 Stuttgart, HRA 451048

                      RDG - Rieker Dienstleistungsgesellschaft mbH

                      Gänsäcker 31

                      D 78532 Tuttlingen

                      Legal form: Private limited company

                      Share capital:     EUR            300,000.00

                      Registered

                      on:         14.12.1990

                      Reg. data:  70190 Stuttgart, HRB 450634

 

                      Rieker Entwicklungs GmbH

                      Gänsäcker 31

                      D 78532 Tuttlingen

                      Legal form: Private limited company

                      Share capital:     EUR             50,000.00

                      Registered

                      on:         26.06.1984

                      Reg. data:  70190 Stuttgart, HRB 450434

 

                      URI Objektgesellschaft mbH & Co. KG

                      Gänsäcker 31

                      D 78532 Tuttlingen

                      Legal form: Ltd partnership with priv. ltd.

                      company as general partner

                      Total cap.         EUR              2,000.00

                      contribution:

                      Registered

                      on:         23.01.2015

                      Reg. data:  70190 Stuttgart, HRA 730661

 

 

 COMPANY HISTORY

 

 16.10.1969 - 18.12.1972  Rieker GmbH & Co.KG

                          Gänsäcker 31

                          D 78532 Tuttlingen

                          Ltd partnership with priv. ltd. company

                          as general partner

 18.12.1972 - 16.08.1996  Rieker Beteiligungsgesellschaft mit

                          beschränkter Haftung

                          Gänsäcker 31

                          D 78532 Tuttlingen

                          Private limited company

 

 

 BUSINESS ACTIVITIES

 

 Sectors

 15110   Tanning and dressing of leather; dressing and dyeing of fur

 

22290   Manufacture of other plastic products

 

 46165   Agents involved in the sale of footwear, leatherware and luggage

 

 4618    Agents involved in the sale of other goods

 

 Payment experience:  in top condition

 

 Negative information:We have no negative information at hand.

 

 

 REAL ESTATE

 

 Type of ownership:   Tenant

 Address                       Gänsäcker 31

                                    D 78532 Tuttlingen

 

 Land register documents were not available.

 

 

 BANKERS

 

 Principal bank

 COMMERZBANK VORMALS DRESDNER BANK, 78506 TUTTLINGEN

 Sort. code: 64380011, Account no.: 2726798

 BIC: DRESDEFF643

 

 Further banks

 COMMERZBANK, 78202 SINGEN (HOHENTWIEL)

 Sort. code: 69240075, Account no.: 4714408340

 BIC: COBADEFFXXX

 DEUTSCHE BANK, 78506 TUTTLINGEN

 Sort. code: 65370075, Account no.: 21/28700

 BIC: DEUTDESS653

 VOLKSBANK DONAU-NECKAR, 78513 TUTTLINGEN

 Sort. code: 64390130, Account no.: 565008

 BIC: GENODES1TUT

 POSTBANK, 70148 STUTTGART

 Sort. code: 60010070, Account no.: 31281-703

 BIC: PBNKDEFFXXX

 KREISSPARKASSE TUTTLINGEN, 78502 TUTTLINGEN

 Sort. code: 64350070, Account no.: 3337

 BIC: SOLADES1TUT

 BADEN-WÜRTTEMB.BANK/LANDESBANK BADEN-WÜRTTEMB., 78509 TUTTLINGEN

 Sort. code: 60050101, Account no.: 4870920

 BIC: SOLADEST600

 

 

 FINANCIAL FIGURES

 

 Financial year:                                      01.01. - 31.12.

 Share capital:                                       EUR          1,022,583.76

 Total numbers of vehicles:                     15

 - Passenger cars:                                   15

 Employees:                                             73

 - Trainees:                                              17

 

 Profit transfer agreement to:

 

                      Schuh-Union GmbH

                      Gänsäcker 31

                      D 78532 Tuttlingen

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs. 62.13

UK Pound

1

Rs. 95.77

Euro

1

Rs. 71.05

 

INFORMATION DETAILS

 

Analysis Done by :

KAR

 

 

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%)

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.