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Report No. : |
331838 |
|
Report Date : |
11.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
S.OLIVER BERND
FREIER GMBH & CO. KG |
|
|
|
|
Registered Office : |
S. Oliver-Str.
1, D 97228 Rottendorf |
|
|
|
|
Country : |
Germany |
|
|
|
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Year of Establishment : |
1969 |
|
|
|
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Com. Reg. No.: |
HRA 3925 |
|
|
|
|
Legal Form : |
Ltd partnership
with priv. ltd. company as general partner |
|
|
|
|
Line of Business : |
·
Wholesale
of Clothing and Footwear. · Retail Sale of Clothing |
|
|
|
|
No. of Employees : |
Full Time: 4.031 Part Time: 3.522 |
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 : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
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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 |
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, 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 |
S.OLIVER BERND FREIER GMBH & CO. KG
Company Status: active
S. Oliver-Str. 1
D 97228 Rottendorf
Telephone:09302/309-0
Telefax: 09302/309-9473
Homepage: www.soliver.com
E-mail: info@soliver.com
DE811253614
257/159/58913
Business relations are permissible.
LEGAL FORM Ltd
partnership with priv. ltd. company as general partner
Date of foundation: 1969
Registered on: 09.02.1988
Register of
companies: Local
court 97070 Würzburg
under: HRA
3925
EUR
28,000,500.00
Limited
partner:
Bernd Freier
Oberer Bogenweg 35
D 97074 Würzburg
born: 17.09.1946
Share: EUR 16,800,300.00
Limited
partner:
Amelie Freier
D 97070 Würzburg
born: 15.03.1984
Share: EUR 2,800,050.00
Limited partner:
Charlotte
Freier
D 97070 Würzburg
born: 10.12.1985
Share:
EUR 2,800,050.00
Limited partner:
Christian Freier
D 97013 Würzburg
born: 03.04.1982
Share: EUR 2,800,050.00
Limited
partner:
Kathrin Freier
D 97070 Würzburg
born: 20.09.1980
Share: EUR 2,800,050.00
General partner:
s.Oliver
Bernd Freier SARL
L Luxembourg
Legal form: Other legal form
Reg. data: 97070
Würzburg,
Proxy:
Werner Reuß
Zweierweg 47
D 97074 Würzburg
having sole power of representation
born: 15.02.1944
Marital
status: married
Proxy:
Reinhold Werthmann
D 97270 Kist
having sole power of
representation
born: 19.12.1958
09.02.1988 - 22.10.2008 S. Oliver Bernd Freier GmbH & Co. KG
Ostring
D 97228 Rottendorf
Ltd partnership with
priv. ltd. company
as general partner
Main industrial sector
4642
Wholesale of clothing and footwear
47710
Retail sale of clothing
Wholesale and retail trade in textiles of
all kinds and accessories.
Branch:
s.Oliver Bernd Freier
GmbH & Co. KG
Spitalerstr. 10-12
D 20095 Hamburg
TEL.: 040/30374080
Branch:
s.Oliver Bernd Freier
GmbH & Co. KG
Holterkamp 3
D 40880 Ratingen
TEL.: 02102/1237280
The
company maintains 262 own shops, 332 shops with partners and approx..: 2.700
“shops in shops”.
Shareholder:
Texlog GmbH
S. Oliver-Str. 1
D 97228 Rottendorf
Legal form: Private
limited company
Company Status: active
Share capital: EUR 150,000.00
Share: EUR 150,000.00
Reg. data: 23.03.1999
Local court
97070 Würzburg
HRB 6512
Shareholder:
comma, GmbH
Ostring
D 97228 Rottendorf
Legal form: Private
limited company
Company Status: active
Share capital: EUR 100,000.00
Share: EUR 100,000.00
Reg. data: 12.03.1997
Local court
97070 Würzburg
HRB 5814
Shareholder:
KNOCKOUT Textilhandel
GmbH
Ostring
D 97228 Rottendorf
Legal form: Private
limited company
Company Status: active
Share capital: EUR 51,129.19
Share: EUR 51,129.19
Reg. data: 04.04.1997
Local court
97070 Würzburg
HRB 5834
Shareholder:
LIEBESKIND GmbH
Stralauer Allee 10-11
D 10245 Berlin
Legal form: Private
limited company
Company Status: active
Share capital: EUR 37,500.00
Share: EUR 37,500.00
Reg. data: 26.09.2014
Local court
14057 Berlin
HRB
161729 B
Shareholder:
S. Oliver Immobilien- und
Beratungs-GmbH
Ostring
D 97228 Rottendorf
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,564.59
Share: EUR 25,564.59
Reg. data: 05.12.1994
Local court
97070 Würzburg
HRB 5088
Payment experience: takes advantage of cash discount
Negative information:We have no negative
information at hand.
Type of ownership: Tenant
Address S. Oliver-Str. 1
D 97228 Rottendorf
Real Estate of: Bernd Freier
Type of ownership: proprietor
Share: 100.00 %
Address Kapellenbergstr. 13
D 97228 Rottendorf
Real Estate of: Bernd Freier
Type of ownership: proprietor
Share: 100.00 %
Address Oberer Bogenweg 35
D 97074 Würzburg
Real Estate of: Bernd Freier
Type of ownership: proprietor
Share: 100.00 %
Address Kapellenbergstr. 6
D 97228 Rottendorf
Real Estate of: Bernd Freier
Type of ownership: proprietor
Share: 100.00 %
Address Schießhausstr. 6
D 97228 Rottendorf
Real Estate of: Bernd Freier
Type of ownership: Proprietor
Share: 100.00 %
Address Schönbornstr.
7
D 97070 Würzburg
Land register documents were not available.
UNICREDIT BANK - HYPOVEREINSBANK, 97067
WÜRZBURG
Sort. code: 79020076, Account no.: 326218430
BIC:
HYVEDEMM455, IBAN: DE76790200760326218430
Z-LAENDERBANK BANK AUSTRIA AG (FORMER
ZENTRALSPARKASSE UND K,
SALZBURG
Account no.: 51878001319
BIC: ZSPKATWWSAL
Financial year: 01.01. - 31.12.
The number of employees is not known.
The
company in question does not publish single accounts.
The figures are included in its own
consolidated balance sheet.
Selected figures for the group 2013 in EURO:
Sales: 1.351.048.748
Profit: 163.612.986
Liabilities: 134.637.001
Receivables: 87.155.470
Number of employees:
Full time: 4.031
Part time: 3.522
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.38 |
|
|
1 |
Rs.97.65 |
|
Euro |
1 |
Rs.70.43 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
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.