MIRA INFORM REPORT

 

 

Report No. :

310858

Report Date :

04.03.2015

 

IDENTIFICATION DETAILS

 

Name :

EROL KAYA

 

 

Registered Office :

Kiefholzstr. 22 D 12435 Berlin

 

 

Country :

Germany

 

 

Date of Incorporation :

01.07.1998

 

 

Legal Form :

Unregistered Commercial Enterprise

 

 

Line of Business :
  • Wholesale of coffee, tea, cocoa and spice
  • Other retail sale of food

 

 

No. of Employee :

5

 

 

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.

 

 

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

 

EROL KAYA

 

Company Status:      active

Kiefholzstr. 22

D 12435 Berlin

Telephone:        030/68237250

Telefax:            030/68237252

Homepage:       www.ozturktee.de

E-mail:              info@ozturktee.de

 

Trade name:          Öztürk Tee

 

VAT no.:             DE195648137

 

 

CONCLUSION

 

 Business relations are permissible.

 

 

LEGAL FORM         

 

 Unregistered commercial enterprise

 

 Date of foundation:  01.07.1998

 

 

Proprietor:

 

                      Erol Kaya

                      Kiefholzstr. 22

                      D 12435 Berlin

                      born: 08.12.1970

                      Nationality: Turkish

                      Marital status: married

 

Further functions/participations of Erol Kaya (Proprietor)

 Proprietor:

                      Tee Feeling e.K.

                      Kiefholzstr. 22

                      D 12435 Berlin

                      Legal form: Sole proprietorship

                      Registered

                      on:         28.10.2010

                      Reg. data:  14057 Berlin, HRA 44462 B

 

 

COMPANY HISTORY

 

 01.07.1998 - 31.12.2007  Erol Kaya

                          Donaustr. 83

                          D 12043 Berlin

                          Unregistered commercial enterprise

 

 

BUSINESS ACTIVITIES

 

Sectors

46370   Wholesale of coffee, tea, cocoa and spices

47290   Other retail sale of food

 

Payment experience:  within agreed terms

 

 Negative information:We have no negative information at hand.

 

 

FINANCIAL INFORMATION

 

Payment experience:  within agreed terms

 

 Negative information:We have no negative information at hand.

 

 

REAL ESTATE

 

Type of ownership:   Tenant

 

Address              Kiefholzstr. 22

                      D 12435 Berlin

 

 Land register documents were not available.

 

 

BANKERS

 

 LANDESBANK BERLIN - BERLINER SPARKASSE, 10889 BERLIN

 Sort. code: 10050000, Account no.: 1410038994

 BIC: BELADEBEXXX, IBAN: DE22100500001410038994

 

 

FINANCIAL FIGURES

 

 Financial year:               01.01. - 31.12.

 Turnover:                       2013                  *EUR            790,000.00

 Equipment:                                             *EUR             34,000.00

 Ac/ts receivable:                                     *EUR             36,000.00

 Liabilities:                                                           *EUR             72,000.00

 Employees:                                                      5

 - thereof permanent staff:                                 3

 - Part-time employees:                                     2

 

 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.61.86

UK Pound

1

Rs.94.96

Euro

1

Rs.69.10

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

VNT

 

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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.