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Report No. : |
314101 |
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Report Date : |
28.03.2015 |
IDENTIFICATION DETAILS
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Name : |
TALLY WEIJL LOGISTICS GERMANY GMBH |
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|
|
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Registered Office : |
Schopfheimer Str. 27a, D 79541 Lörrach |
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|
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Country : |
Germany |
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Date of Incorporation : |
1997 |
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Legal Form : |
Private Limited Company |
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|
|
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Line of Business : |
·
Wholesale of
clothing ·
Other
activities of head offices |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 |
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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 |
TALLY WEIJL LOGISTICS GERMANY GMBH
Company Status: active
Schopfheimer Str. 27a
D 79541 Lörrach
Telephone:07621/9868100
Telefax:
07621/9868200
Homepage: www.tally-weijl.com
E-mail: contact@tally-weijl.com
VAT
no.: DE193027152
Tax
ID number: 11089/12668
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 1997
Shareholders'
agreement: 11.12.1997
Registered on: 13.01.1998
Commercial Register: Local court 79098
Freiburg
under: HRB 413018
Share capital: EUR 51,129.19
Shareholder:
TW Retail Germany 2 GmbH
Schopfheimer Str. 27
D 79541 Lörrach
Legal form: Private
limited company
Share capital: EUR
69,610,000.00
Share: EUR 51,129.19
Registered on: 07.08.2009
Reg. data: 79098
Freiburg, HRB 704135
Control and profit
transfer agreement
Manager:
Stephan Georg Oehl
CH In Riehen
born: 15.04.1965
Manager:
Alexis Bischoff
CH Zofingen
born: 24.10.1968
Nationality: Swiss
Proxy:
Philipp Daniel Bernhard
D 79295 Sulzburg
authorized to jointly
represent the company
born: 01.03.1980
Further functions/participations of Stephan
Georg Oehl (Manager)
Manager:
TW Retail Germany 2 GmbH
Schopfheimer Str. 27
D 79541 Lörrach
Legal form: Private
limited company
Share capital: EUR
69,610,000.00
Registered
on: 07.08.2009
Reg. data:
79098 Freiburg, HRB 704135
Manager:
Tally Weijl Holding GmbH
Schopfheimer Str. 27
D 79541 Lörrach
Legal form: Private
limited company
Share capital: EUR 51,129.19
Registered
on: 14.06.2006
Reg. data: 79098 Freiburg, HRB 700119
Manager:
Tally Weijl Retail
Germany GmbH
Schopfheimer Str.
27
D 79541 Lörrach
Legal form: Private
limited company
Share capital: EUR 51,129.19
Registered
on: 13.01.1998
Reg. data: 79098 Freiburg, HRB 413738
11.12.1997 - 21.09.1999 Tally Weijl Trading GmbH AG Freiburg HRB
5569
Kaiser-Joseph-Str.
219
D 79098
Freiburg
Private limited
company
22.09.1999 - 25.04.2006 Tally Weijl Trading GmbH
Hafenstr. 28
D 79576 Weil am Rhein
Private limited
company
26.04.2006 - 25.11.2008 Tally Weijl Trading GmbH
Schopfheimer Str. 27a
D 79541 Lörrach
Private limited
company
16.02.2015
- 05.03.2015 Manager
Patrick Markus
Härtsch
CH Binningen
26.07.2010 - 02.02.2015 Manager
Simon Michell
CH - Muttenz
05.04.2001 - 02.02.2015 Manager
Beat Grüring
CH Riehen
Main industrial sector
46421
Wholesale of clothing
Secondary industrial sector
70109
Other activities of head offices
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Type of ownership: Tenant
Address Schopfheimer Str. 27a
D 79541 Lörrach
Land register documents were not available.
Principal bank
DEUTSCHE BANK, 79004 FREIBURG IM BREISGAU
Sort. code: 68070030
BIC: DEUTDE6FXXX
Financial year: 01.01. - 31.12.
Share capital: EUR 51,129.19
The
number of employees is not known.
Control and profit transfer agreement to:
TW Retail Germany 2 GmbH
Schopfheimer Str. 27
D 79541 Lörrach
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.61 |
|
|
1 |
Rs.92.95 |
|
Euro |
1 |
Rs.68.15 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
TPT |
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.