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Report No. : |
310243 |
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Report Date : |
27.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
OKAMOTO SPORTSWEAR GMBH |
|
|
|
|
Registered Office : |
An'n Slagboom 7, D 22848 Norderstedt |
|
|
|
|
Country : |
Germany |
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|
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Year of Establishment : |
01.09.1997 |
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Com. Reg. No.: |
HRB 3870 NO |
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|
|
Legal Form : |
Private limited company |
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|
|
|
Line of Business : |
Wholesale and Retail Sale of
Textiles. |
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|
|
|
No. of Employees : |
31 |
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 |
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|
|
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Payment Behaviour : |
No Complaints |
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|
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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 – 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 |
OKAMOTO
SPORTSWEAR GMBH
Company Status: active
An'n Slagboom 7
D 22848 Norderstedt
Telephone:040/53413400
Telefax: 040/53413444
Homepage: www.okamoto-sportswear.de
E-mail: okamoto@fashioncenter.net
DE182247548
11 291 21671
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1984
Shareholders'
agreement: 24.04.1984
Registered on: 01.09.1997
Commercial Register: Local court 24114 Kiel
under: HRB
3870 NO
EUR 1,533,875.64
Shareholder:
SCHMIDT GROUP GmbH
An'n Slagboom 7
D 22848 Norderstedt
Legal form: Private
limited company
Share capital: EUR 7,144,950.00
Share: EUR 1,533,875.64
Registered on: 24.01.2013
Reg. data: 24114 Kiel,
HRB 14564 KI
Profit transfer agreement
Manager:
Peter Kurt Schmidt
Von-Kurtzrock-Ring 8
D 22391 Hamburg
having sole power of
representation
born: 11.04.1946
Profession: Businessman
Marital status: married
Manager:
Jürgen Kammüller
D 22848 Norderstedt
born: 04.05.1952
Further functions/participations of Peter Kurt
Schmidt (Manager)
Proprietor:
Peter Kurt Schmidt
Gutenbergring 67a
D 22848 Norderstedt
Legal form: Unregistered
commercial
enterprise
Limited partner:
Angelika Schmidt GmbH
& Co. KG
An'n Slagboom 7
D 22848 Norderstedt
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 300,000.00
contribution:
Share: EUR 156,000.00
Registered
on: 27.09.2004
Reg. data: 24114 Kiel, HRA 4487 KI
Shareholder:
Winkler International
GmbH
An' n Slagboom 7
D 22848 Norderstedt
Legal form: Private
limited company
Share capital: EUR 1,022,583.76
Share: EUR 1,022,583.76
Registered
on: 08.08.1985
Reg. data: 24114 Kiel, HRB 2066 NO
Shareholder:
TSL Textil-Service &
Logistik GmbH
An'n Slagboom 7
D 22848 Norderstedt
Legal form: Private
limited company
Share capital: EUR
500,000.00
Share: EUR 500,000.00
Registered
on: 29.08.2011
Reg. data: 24114 Kiel, HRB 13286 KI
Shareholder:
SFG Service &
Fulfilment GmbH
An'n Slagboom 7
D 22848 Norderstedt
Legal form: Private
limited company
Share capital: EUR 500,000.00
Share: EUR 500,000.00
Registered
on: 13.12.1999
Reg. data: 24114 Kiel, HRB 4265 NO
Shareholder:
TEDDY'S EUROPE GmbH
An'n Slagboom 7
D 22848 Norderstedt
Legal form: Private
limited company
Share capital: EUR 260,000.00
Share: EUR 135,200.00
Registered
on: 13.02.1992
Reg. data: 24114 Kiel, HRB 2917 NO
Shareholder:
SCHMIDT GROUP GmbH
An'n Slagboom 7
D 22848 Norderstedt
Legal form: Private
limited company
Share capital: EUR 7,144,950.00
Share: EUR 78,000.00
Registered
on:
24.01.2013
Reg. data: 24114 Kiel, HRB 14564 KI
Shareholder:
V + V Vermietungs- und
Verwaltungs GmbH
An'n Slagboom 7
D 22848 Norderstedt
Legal form: Private limited company
Share capital: EUR 25,564.59
Share: EUR 25,564.59
Registered
on: 10.07.1990
Reg. data: 24114 Kiel, HRB 2667 NO
Shareholder:
TSL
Beteiligungsgesellschaft mbH
An'n Slagboom 7
D 22848 Norderstedt
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 07.04.1999
Reg. data: 24114 Kiel, HRB 4412 NO
Shareholder:
Friends of Frozen Yogurt
GmbH
An'n Slagboom 7
D 22848 Norderstedt
Legal form: Private
limited company
insolvent
Share capital: EUR 139,431.00
Share: EUR 17,538.00
Registered
on: 01.10.2014
Reg. data: 24114 Kiel, HRB 16125 KI
Shareholder:
Angelika Schmidt
Verwaltungsgesellschaft mbH
An'n Slagboom 7
D 22848 Norderstedt
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 13,000.00
Registered
on: 14.04.2004
Reg. data: 24114 Kiel, HRB 6354 KI
Shareholder:
KLIPPER-Marketing GmbH
Heinrich-Hertz-Str. 24
D 22085 Hamburg
Legal form: Private
limited company
Share capital: EUR
25,564.60
Share: EUR 2,556.46
Registered
on: 06.02.1992
Reg. data: 20355 Hamburg, HRB 49233
Manager:
V + V Vermietungs- und
Verwaltungs GmbH
An'n Slagboom 7
D 22848 Norderstedt
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 10.07.1990
Reg. data: 24114 Kiel, HRB 2667 NO
Manager:
Winkler International
GmbH
An' n Slagboom 7
D 22848 Norderstedt
Legal form: Private
limited company
Share capital: EUR 1,022,583.76
Registered
on: 08.08.1985
Reg. data: 24114 Kiel, HRB 2066 NO
Manager:
Angelika Schmidt
Verwaltungsgesellschaft mbH
An'n Slagboom 7
D 22848 Norderstedt
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 14.04.2004
Reg. data: 24114 Kiel, HRB 6354 KI
Manager:
KAPPA Deutschland GmbH
Gutenbergring 69c
D 22848 Norderstedt
Legal form: Private
limited company
Share capital: EUR 1,025,000.00
Registered
on: 09.06.1998
Reg. data: 24114 Kiel, HRB 3981 NO
Manager:
LZN Logistikzentrum
Norderstedt GmbH
An'n Slagboom 7
D 22848 Norderstedt
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 24.01.2011
Reg. data: 24114 Kiel, HRB 13130 KI
Manager:
Objektgesellschaft
An`n Slagboom mbH
An'n Slagboom 7
D 22848 Norderstedt
Legal form: Private
limited company
Share capital: EUR 25,564.59
Registered
on: 02.08.1985
Reg. data: 24114 Kiel, HRB 2067 NO
Manager:
SCHMIDT GROUP GmbH
An'n Slagboom 7
D 22848 Norderstedt
Legal form: Private
limited company
Share capital: EUR 7,144,950.00
Registered
on: 24.01.2013
Reg. data: 24114 Kiel, HRB 14564 KI
1984 - 01.09.1997 MSM Modestoff Magazin GmbH
Schillerstr. 54
D 10627 Berlin
Private limited
company
01.09.1997 - 06.04.2000 MSM Modestoff Magazin GmbH
Gutenbergring 69d
D 22848 Norderstedt
Private limited
company
06.04.2000 - 06.04.2000 Okamoto Sportswear GmbH
Gutenbergring 69d
D 22848 Norderstedt
Private limited
company
Sectors
4641
Wholesale of textiles
4751
Retail sale of textiles
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Type of ownership: Tenant
Address An'n
Slagboom 7
D 22848 Norderstedt
Real Estate of: Peter
Kurt Schmidt
Type
of ownership: proprietor
Share: 100.00 %
Address Von-Kurtzrock-Ring
8
D 22391 Hamburg
Land register documents were not available.
Principal bank
UNICREDIT BANK - HYPOVEREINSBANK, 22850
NORDERSTEDT
Sort. code: 20030000, Account no.: 6638860
BIC: HYVEDEMM300, IBAN: DE83200300000006638860
Further bank
COMMERZBANK, 20454 HAMBURG
Sort. code: 20040000
BIC: COBADEHHXXX
Financial year: 01.01.
- 31.12.
Share capital: EUR 1,533,875.64
Equipment: *EUR 248,000.00
Ac/ts receivable: *EUR 914,500.00
Liabilities: *EUR 1,550,000.00
Employees:
31
-
thereof permanent staff: 30
-
Temporary workers: 1
Profit transfer agreement to:
SCHMIDT GROUP GmbH
An'n Slagboom 7
D 22848 Norderstedt
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.61.94 |
|
|
1 |
Rs.96.24 |
|
Euro |
1 |
Rs.70.39 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NIT |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.