MIRA INFORM REPORT

 

 

Report No. :

303055

Report Date :

20.01.2015

 

IDENTIFICATION DETAILS

 

Name :

GIN TONIC SPECIAL MODE GMBH

 

 

Registered Office :

Schwertstr. 48, D 71065 Sindelfingen, Post Box: 560, D 71047 Sindelfingen

 

 

Country :

Germany

 

 

Date of Incorporation :

08.06.1982

 

 

Com. Reg. No.:

HRB 11604

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

·         Wholesale of Clothing and Footwear.

·         Design and Development of Textiles

 

 

No. of Employees :

2.194                   

 

 

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 – September 30, 2014

 

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

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

 

GIN TONIC SPECIAL Mode GmbH

 

Company Status:      active

                      Schwertstr. 48

                      D 71065 Sindelfingen

                      Post Box:

                      560, D 71047 Sindelfingen

                      Telephone:07031/43550

                      Telefax:  07031/4355298

                      Homepage: www.gintonic.de

                      E-mail:   welcome@gintonic.de

 

 

VAT No.           

 

DE147814384

 

 

CONCLUSION

 

 Business relations are permissible.

 

 

Company Summary

 

 LEGAL FORM              Private limited company

 Date of foundation:      1982

 Shareholders'

 agreement:                   08.06.1982

 Registered on:             21.11.1985

 Commercial Register:   Local court 70190 Stuttgart

 under:                          HRB 11604

 

 

Share capital                    

 

EUR          1,050,000.00

 

 


Shareholder

 

                      Ahlers AG

                      Elverdisser Str. 313

                      D 32052 Herford

                      Post Box:

                      11 55, D 32001 Herford

                      Legal form: Public limited company

                      Share capital:     EUR         43,200,000.00

                      Share:             EUR          1,050,000.00

                      Registered on: 11.10.2001

                      Reg. data: 32545 Bad Oeynhausen, HRB 6541

                      Control and profit transfer agreement

 Manager:

                      Andreas Koerfer

                      Max-Planck-Str. 3

                      D 38228 Salzgitter

                      born: 13.01.1963

                      Marital status: single

 Manager:

                      Dr. Stella Agnes Ahlers

                      Elverdisser Str. 313

                      D 32052 Herford

                      born: 24.01.1965

                      Profession: Businessman

                      Marital status: unknown

 Manager:

                      Daniel Kraus

                      D 72760 Reutlingen

                      born: 27.06.1976

 Manager:

                      Michael Bach

                      D 50667 Köln

                      authorized to jointly represent the company

                      born: 11.04.1964

 Proxy:

                      Bruno Leder

                      D 31749 Auetal

                      authorized to jointly represent the company

                      born: 16.11.1956

                      Profession: Businessman

                      Marital status: unknown

 Proxy:

                      Dr. Karsten Kölsch

                      D 32052 Herford

                      authorized to jointly represent the company

                      born: 23.11.1960

 Proxy:

                      Klaus Wellmann

                      D 32257 Bünde

                      authorized to jointly represent the company

                      born: 18.02.1961

 

 Further functions/participations of Andreas Koerfer (Manager)

 Proprietor:

                      Andreas Körfer

                      Max-Planck-Str. 3

                      D 38228 Salzgitter

                      Legal form: Unregistered commercial

                                  enterprise

 Shareholder:

                      FÄRBEREI 4 Gastronomischer Betrieb GmbH

                      Ziegelweg 3

                      D 72764 Reutlingen

                      Legal form: Private limited company dormant

                      Share capital:     EUR             75,000.00

                      Share:             EUR             16,500.00

                      Registered

                      on:         04.10.1993

                      Reg. data:  70190 Stuttgart, HRB 352670

 

 Further functions/participations of Dr. Stella Agnes Ahlers

 (Manager)

 Limited partner:

                      Westfälisches Textilwerk Adolf Ahlers

                      Stiftung & Co. KG

                      Elverdisser Str. 313

                      D 32052 Herford

                      Legal form: Limited partnership with a

                                  foundation as general partner

                      Total cap.         EUR            122,710.05

                      contribution:

                      Share:             EUR             40,903.35

                      Registered

                      on:         15.04.1949

                      Reg. data:  32545 Bad Oeynhausen, HRA 4158

 Shareholder:

                      Ahlers Beteiligungsgesellschaft mit

                      beschränkter Haftung

                      Elverdisser Str. 313

                      D 32052 Herford

                      Legal form: Private limited company

                      Share capital:     EUR             25,564.59

                      Share:             EUR             25,564.59

                      Registered

                      on:         01.01.1911

                      Reg. data:  32545 Bad Oeynhausen, HRB 7059

 Shareholder:

                      Stiftung Ahlers Pro Arte gemeinnützige GmbH

                      Warmbüchenstr. 16

                      D 30159 Hannover

                      Legal form: Private limited company

                      Share capital:     EUR             51,129.19

                      Share:             EUR             24,542.01

                      Registered

                      on:         08.06.2007

                      Reg. data:  30175 Hannover, HRB 201794

 Shareholder:

                      Jan Ahlers Textil-Verwaltungsgesellschaft

                      mit beschränkter Haftung

                      Elverdisser Str. 313

                      D 32052 Herford

                      Legal form: Private limited company

                      Share capital:     EUR             25,564.59

                      Share:             EUR             12,782.30

                      Registered

                      on:         23.07.1993

                      Reg. data:  32545 Bad Oeynhausen, HRB 7066

 Manager:

                      Ahlers Retail GmbH

                      Elverdisser Str. 313

                      D 32052 Herford

                      Legal form: Private limited company

                      Share capital:     EUR             51,129.19

                      Registered

                      on:         29.12.1960

                      Reg. data:  32545 Bad Oeynhausen, HRB 6615

 Manager:

                      Ahlers Beteiligungsgesellschaft mit

                      beschränkter Haftung

                      Elverdisser Str. 313

                      D 32052 Herford

                      Legal form: Private limited company

                      Share capital:     EUR             25,564.59

                      Registered

                      on:         01.01.1911

                      Reg. data:  32545 Bad Oeynhausen, HRB 7059

 Manager:

                      Jan Ahlers Textil-Verwaltungsgesellschaft

                      mit beschränkter Haftung

                      Elverdisser Str. 313

                      D 32052 Herford

                      Legal form: Private limited company

                      Share capital:     EUR             25,564.59

                      Registered

                      on:         23.07.1993

                      Reg. data:  32545 Bad Oeynhausen, HRB 7066

 Manager:

                      Pionier Jeans & Casuals Deutschland GmbH

                      Elverdisser Str. 313

                      D 32052 Herford

                      Legal form: Private limited company

                      Share capital:     EUR             25,564.59

                      Registered

                      on:         26.07.2001

                      Reg. data:  32545 Bad Oeynhausen, HRB 5493

 Manager:

                      Pionier Berufskleidung GmbH

                      Bielefelder Str. 236

                      D 32051 Herford

                      Legal form: Private limited company

                      Share capital:     EUR             25,564.59

                      Registered

                      on:         17.02.1972

                      Reg. data:  32545 Bad Oeynhausen, HRB 7054

 Manager:

                      Otto Kern GmbH

                      Elverdisser Str. 313

                      D 32052 Herford

                      Legal form: Private limited company

                      Share capital:     EUR          4,090,335.05

                      Registered

                      on:         11.05.2000

                      Reg. data:  32545 Bad Oeynhausen, HRB 6539

 Manager:

                      Ahlers Vertrieb GmbH

                      Elverdisser Str. 313

                      D 32052 Herford

                      Legal form: Private limited company

                      Share capital:     EUR             25,564.59

                      Registered

                      on:         08.02.1980

                      Reg. data:  32545 Bad Oeynhausen, HRB 6831

 Manager:

                      Elsbach-Leibfried Vertriebsgesellschaft mbH

                      Bielefelder Str. 236

                      D 32051 Herford

                      Legal form: Private limited company

                      Share capital:     EUR             25,564.59

                      Registered

                      on:         17.11.1998

                      Reg. data:  32545 Bad Oeynhausen, HRB 5989

 Manager:

                      Stiftung Ahlers Pro Arte gemeinnützige GmbH

                      Warmbüchenstr. 16

                      D 30159 Hannover

                      Legal form: Private limited company

                      Share capital:     EUR             51,129.19

                      Registered

                      on:         08.06.2007

                      Reg. data:  30175 Hannover, HRB 201794

 Manager:

                      Ahlers P.C. GmbH

                      Elverdisser Str. 313

                      D 32052 Herford

                      Legal form: Private limited company

                      Share capital:     EUR             30,000.00

                      Registered

                      on:         21.12.1999

                      Reg. data:  32545 Bad Oeynhausen, HRB 5941

 Manager:

                      WTW-Beteiligungsgesellschaft mbH

                      Elverdisser Str. 313

                      D 32052 Herford

                      Legal form: Private limited company

                      Share capital:     EUR            100,000.00

                      Registered

                      on:         08.12.1995

                      Reg. data:  32545 Bad Oeynhausen, HRB 6250

 Manager:

                      Texart Gesellschaft für Werbung und Public

                      Relations mbH

                      Elverdisser Str. 313

                      D 32052 Herford

                      Legal form: Private limited company

                      Share capital:     EUR             25,600.00

                      Registered

                      on:         22.04.1997

                      Reg. data:  32545 Bad Oeynhausen, HRB 6197

 Manager:

                      a-fashion.com GmbH

                      Elverdisser Str. 313

                      D 32052 Herford

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         14.06.2000

                      Reg. data:  32545 Bad Oeynhausen, HRB 5278

 Manager:

                      Baldessarini GmbH

                      Wilhelm-Wagenfeld-Str. 24

                      D 80807 München

                      Legal form: Private limited company

                      Share capital:     EUR             25,600.00

                      Registered

                      on:         10.01.2005

                      Reg. data:  80333 München, HRB 155574

 Manager:

                      Stiftung Diana Pro Arte gemeinnützige GmbH

                      Warmbüchenstr. 16

                      D 30159 Hannover

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         17.02.2005

                      Reg. data:  30175 Hannover, HRB 62328

 Manager:

                      Stella Pro Arte gemeinnützige GmbH

                      Elverdisser Str. 313

                      D 32052 Herford

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         11.03.2010

                      Reg. data:  32545 Bad Oeynhausen, HRB 11855

 Manager:

                      Stiftung Kestner Pro Arte gemeinnützige GmbH

                      Warmbüchenstr. 16

                      D 30159 Hannover

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         29.11.2004

                      Reg. data:  30175 Hannover, HRB 62140

 President of the Board of Directors:

                      Ahlers AG

                      Elverdisser Str. 313

                      D 32052 Herford

                      Post Box:

                      11 55, D 32001 Herford

                      Legal form: Public limited company

                      Share capital:     EUR         43,200,000.00

                      Registered

                      on:         11.10.2001

                      Reg. data:  32545 Bad Oeynhausen, HRB 6541

 Member of the Board of Directors:

                      Adolf Ahlers Familienstiftung

                      Elverdisser Str. 313

                      D 32052 Herford

                      Legal form: Private law foundation

                      Reg. data:  30175 Hannover,

 Proxy:

                      Westfälisches Textilwerk Adolf Ahlers

                      Stiftung & Co. KG

                      Elverdisser Str. 313

                      D 32052 Herford

                      Legal form: Limited partnership with a

                                  foundation as general partner

                      Total cap.         EUR            122,710.05

                      contribution:

                      Registered

                      on:         15.04.1949

                      Reg. data:  32545 Bad Oeynhausen, HRA 4158

 

 Further functions/participations of Daniel Kraus (Manager)

 Manager:

                      Otto Kern GmbH

                      Elverdisser Str. 313

                      D 32052 Herford

                      Legal form: Private limited company

                      Share capital:     EUR          4,090,335.05

                      Registered

                      on:         11.05.2000

                      Reg. data:  32545 Bad Oeynhausen, HRB 6539

 

 

COMPANY HISTORY

 

 08.06.1982 - 28.02.2007  GIN TONIC SPECIAL Mode GmbH

                          Breitwiesenstr. 12

                          D 70565 Stuttgart

                          Private limited company

 

 

RESIGNED ACTING PERSONS AND SHAREHOLDERS

 

 20.09.2012 - 28.11.2013  Manager

                          Otto R. Dörner

                          D 85521 Riemerling

 03.04.2007 - 03.05.2013  Manager

                          Ralf Bühre

                          D 32584 Löhne

 12.03.2009 - 18.12.2012  Manager

                          Hans-Bernd Cartsburg

                          D 73614 Schorndorf

 03.06.2005 - 06.09.2012  Manager

                          Henning Matthesen

                          CH Stäfa

 

 

BUSINESS ACTIVITIES

 

 Main industrial sector

 4642    Wholesale of clothing and footwear

 Design and Development of Textiles.

 

 Trademark: "GIN TONIC"

 

 

BRANCHES AND FACTORIES

 

 Branch:

                      GIN TONIC SPECIAL Mode GmbH

                      Leutragraben 1

                      D 07743 Jena

                      TEL.: 03641/224249

 

 

FINANCIAL INFORMATION

 

Payment experience:  in top condition

 

Negative information:We have no negative information at hand.

 

 

REAL ESTATE

 

Type of ownership:        Tenant

Address                        Schwertstr. 48

                                    D 71065 Sindelfingen

 

 Land register documents were not available.

 

 

BANKERS

 

 POSTBANK, 70148 STUTTGART

 Sort. code: 60010070, Account no.: 8271707

 BIC: PBNKDEFFXXX, IBAN: DE49600100700008271707

 KREISSPARKASSE LUDWIGSBURG, 71606 LUDWIGSBURG, WÜRTT

 Sort. code: 60450050, Account no.: 33929

 BIC: SOLADES1LBG, IBAN: DE90604500500000033929

 

 

FINANCIAL FIGURES

 

 Financial year:                          01.12. - 30.11.

 Share capital:                          EUR          1,050,000.00

 The number of employees is not known.

 

 Control and profit transfer agreement to:

                      Ahlers AG

                      Elverdisser Str. 313

                      D 32052 Herford

                      Post Box:

                    11 55, D 32001 Herford

 

The company in question does not publish own accounts.

 

The figures are included in the consolidated balance sheet of Ahlers AG.

 

Figures for the group per           30.11.2013:

 

Sales:                                       246.717 TEUR                    

Number of employees:             2.194                   

Profit:                                       5.555 TEUR                    

Receivables:                             33.875 TEUR                    

Liabilities:                                 17.907 TEUR                    

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.61.70

UK Pound

1

Rs.93.41

Euro

1

Rs.71.33

 

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%)

 

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.