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Report No. : |
329824 |
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Report Date : |
06.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
FERDINAND
GROSS GMBH & CO.KG |
|
|
|
|
Registered Office : |
Daimlerstr.
8, D 70771 Leinfelden-Echterdingen, Post Box: 10 01 59, D 70745
Leinfelden-Echterdingen |
|
|
|
|
Country : |
Germany |
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|
|
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Date of Incorporation : |
1864 |
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|
|
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Com. Reg. No.: |
HRA 221054 |
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|
|
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Legal Form : |
Ltd partnership
with priv. ltd. company as general partner |
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|
|
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Line of Business : |
Wholesale of tools and hardware |
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|
|
|
No. of Employees : |
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 |
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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, 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 5.2% in 2014. The new German government introduced a minimum wage of about $11.60 (8.50 euros) 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%. The budget was essentially in balance in 2014. 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. The German economy suffers from low levels of investment, and a government plan to invest 15 billion euros 2016-18, largely in infrastructure, is intended to spur needed private investment. 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 plans to replace nuclear power with renewable energy, which accounted for 27.8% of gross electricity consumption in 2014, up from 9% in 2000. 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. Extremely low inflation, caused largely by low global energy prices and a weak euro, are expected to boost German GDP growth in 2015.
|
Source
: CIA |
Ferdinand
Gross GmbH & Co.KG
Daimlerstr.
8
D 70771
Leinfelden-Echterdingen
Post Box:
10 01 59,
D 70745 Leinfelden-Echterdingen
Telephone:0711/16040
Telefax: 0711/16042609
Homepage: www.schrauben-gross.de
E-mail: info@schrauben-gross.de
Active
DE147643340
Business relations are permissible.
LEGAL FORM Ltd
partnership with priv. ltd. company as general partner
Date of foundation: 1864
Registered on: 19.01.1978
Register of
companies: Local
court 70190 Stuttgart
under: HRA
221054
Total cap. contribution: EUR 2,100,000.00
Limited partner:
Gerald Hering
Roßhaustr. 30
D 70597 Stuttgart
born: 07.03.1960
Share: EUR 1,680,000.00
Limited partner:
Stephan Lichtenheldt
D 23795 Bad Segeberg
born: 12.05.1961
Share: EUR 210,000.00
Limited partner:
Brigitte Huber
Heilmannstr. 19a
D 81479 München
born: 25.01.1936
Share: EUR 168,000.00
Limited partner:
Hendrik Jürgen Werner
Franz Huber
Hubertusstr. 21
D 82031 Grünwald
born: 20.12.1968
Share: EUR 42,000.00
General partner:
Hering
Beteiligungsgesellschaft mit
beschränkter Haftung
Daimlerstr. 8
D 70771
Leinfelden-Echterdingen
Legal form: Private
limited company
Share capital: EUR 25,600.00
Registered on: 12.12.1977
Reg. data: 70190
Stuttgart, HRB 220871
Shareholder:
Gerald Hering
Roßhaustr. 30
D 70597 Stuttgart
born: 07.03.1960
Share: EUR 25,600.00
Manager:
Gerald Hering
Roßhaustr. 30
D 70597 Stuttgart
having sole power of
representation
born: 07.03.1960
Profession: Businessman
Marital status: married
Manager:
Thomas Erb
D 72135 Dettenhausen
having sole power of
representation
born: 28.11.1967
Proxy:
Meta Susanne Schneider
D 70173 Stuttgart
having sole power of
representation
born: 11.09.1956
19.01.1978 - 02.02.2005 Ferdinand Gross GmbH & Co.
Daimlerstr.
8
D 70771
Leinfelden-Echterdingen
Ltd partnership with priv.
ltd. company
as general partner
Main industrial sector
46741
Wholesale of tools and hardware
Branch:
Ferdinand Gross GmbH
& Co.KG
Großenhainer Str. 137
D 01129 Dresden
TEL.: 0351/850070
FAX.: 0351/8500777
Branch:
Ferdinand Gross GmbH
& Co.KG Niederlassung
Österreich
Bräuhausgasse 37
A 1050 Wien
Shareholder:
Ferdinand Gross Europa
GmbH
Daimlerstr. 8
D 70771
Leinfelden-Echterdingen
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 18.12.2014
Local court
70190 Stuttgart
HRB 751114
Shareholder:
Ferdinand Gross Holding
GmbH
Daimlerstr. 8
D 70771
Leinfelden-Echterdingen
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 250.00
Reg. data: 12.01.2005
Local court
70190 Stuttgart
HRB 225959
Payment experience: within
agreed terms
Negative information: We have no negative information at hand.
PMI: No significant / relevant payment
experience
information pertaining to the company
inquired upon is shown in the Deutscher
Debitoren Monitor (DDMonitor).
Type of ownership: Tenant
Address Daimlerstr.
8
D
70771 Leinfelden-Echterdingen
Land register documents were not available.
Principal bank
KREISSPARKASSE ESSLINGEN-NÜRTINGEN, 73702
ESSLINGEN AM NECKAR
Sort. code: 61150020
BIC: ESSLDE66XXX
Further banks
COMMERZBANK VORMALS DRESDNER BANK, 70049
STUTTGART
Sort. code: 60080000
BIC: DRESDEFF600
DRESDNER VOLKSBANK RAIFFEISENBANK, 01075
DRESDEN
Sort. code: 85090000
BIC: GENODEF1DRS
LANDESBANK
BADEN-WÜRTTEMBERG/BADEN-WÜRTTEMBERGISCHE BANK, 70144
STUTTGART
Sort. code: 60050101
BIC: SOLADEST600
VOLKSBANK STUTTGART, 70039 STUTTGART
Sort. code: 60090100
BIC: VOBADESSXXX
Financial year: 01.01. - 31.12.
The number of employees is not known.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 63.39 |
|
|
1 |
Rs. 98.94 |
|
Euro |
1 |
Rs. 70.33 |
INFORMATION DETAILS
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
DPT |
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.