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Report No. : |
313565 |
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Report Date : |
18.03.2015 |
IDENTIFICATION DETAILS
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Name : |
NIKOL WEBER KG |
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Registered Office : |
Mühlberg 16, D 95152 Selbitz |
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Country : |
Germany |
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Year of Establishment : |
1924 |
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Com. Reg. No.: |
HRA 985 |
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Legal Form : |
Limited Partnership |
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Line of Business : |
· Preparation and Spinning of Textile Fibers. · Finishing of Textiles. · Wholesale of Other Intermediate Goods |
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No. of Employees : |
82 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 |
NIKOL WEBER KG
Company Status: Active
Mühlberg 16
D 95152 Selbitz
Telephone:09280/9800-0
Telefax: 09280/9800-55
Homepage: www.nikol-weber.de
E-mail: pobox@nikol-weber.de
DE133182124
223/170/04307
LEGAL FORM Limited
partnership
Date of foundation: 1924
Registered on: 11.02.1949
Register of
companies: Local
court 95030 Hof
under: HRA
985
EUR
127,822.97
Peter Hösel
Schillerstr. 11
D 95152 Selbitz
born: 22.02.1945
Share: EUR 127,822.97
General partner:
Peter Martin Hösel
Karlstr. 2
D 95028 Hof
born: 12.10.1970
Marital status: single
Proxy:
Peter Hösel
Schillerstr. 11
D 95152 Selbitz
having sole power of
representation
born: 22.02.1945
Profession: Textile
engineer
Marital status: married
Proxy:
Wilhelm Drechsel
D 95152 Selbitz
having sole power of
representation
Proxy:
Wolfgang Leitner
D 95197 Schauenstein
having sole power of
representation
Main industrial sector
13100 Preparation
and spinning of textile fibers
13300
Finishing of textiles
46760
Wholesale of other intermediate goods
Branch:
Nikol Weber KG
Max-Planck-Str. 9
D 95233 Helmbrechts
TEL.: 09252/358470
Shareholder:
Zwirnerei Nikol Weber GmbH
Mühlberg 16
D 95152 Selbitz
Legal form: Private limited
company
Company Status: active
Share capital: EUR 51,129.19
Share: EUR 51,129.19
Reg. data: 05.03.1981
Local court 95030 Hof
HRB 889
Shareholder:
TFH Textilausrüstungs GmbH
Mühlberg 16
D 95152 Selbitz
Legal form: Private limited
company
Company Status: active
Share capital: EUR 128,000.00
Share: EUR 51,200.00
Reg. data: 06.09.1993
Local court 95030 Hof
HRB 2048
Shareholder:
NW Heimtex GmbH
Max-Planck-Str. 9
D 95233 Helmbrechts
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 11.05.2004
Local court 95030 Hof
HRB 3722
Payment experience: within periods customary in this trade
Negative information:We have no negative
information at hand.
Type of ownership: Proprietor
Share: 100.00 %
Address Mühlberg
16
D 95152 Selbitz
Value at selling price: EUR 1,000,000.00
Land register documents were not available.
Principal Banks
VR BANK HOF, 95146 SELBITZ, OBERFR
Sort. code: 78060896, Account no.: 4391004
BIC: GENODEF1HO1, IBAN: DE80780608960004391004
SPARKASSE HOCHFRANKEN, 95152 SELBITZ, OBERFR
Sort. code: 78050000, Account no.: 430101410
BIC: BYLADEM1HOF, IBAN: DE32780500000430101410
Financial year: 01.01.
- 31.12.
Turnover: 2014 *EUR 14,350,000.00
Equipment: *EUR
601,000.00
Ac/ts receivable: *EUR 519,000.00
Liabilities: *EUR 1,558,000.00
Employees:
82
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.62.69 |
|
|
1 |
Rs.92.99 |
|
Euro |
1 |
Rs.66.37 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
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|
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|
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 |
|
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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 |
|
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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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 |
-- |
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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.