MIRA INFORM REPORT

 

 

Report No. :

349363

Report Date :

17.11.2015

 

IDENTIFICATION DETAILS

 

Name :

TOM TAILOR GMBH

 

 

Registered Office :

Garstedter Weg 14 D 22453 Hamburg

 

 

Country :

Germany

 

 

Date of Incorporation :

1962

 

 

Com. Reg. No.:

HRB 94278

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

  • Wholesale of textiles
  • Wholesale of clothing
  • Retail sale of clothing

 

 

No. of Employee :

384

 

 

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.

 

 

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

 

Company name and address

 

TOM TAILOR GMBH

 

 Company Status:      active

                      Garstedter Weg 14

                      D 22453 Hamburg

                      Telephone:040/58956-0

                      Telefax:  040/58956-398

                      E-mail:   info@tom-tailor.com

 

 VAT no.:             DE252291581

 

 

 CONCLUSION

 

 Business relations are permissible.

 

 

Sumamry

 

 LEGAL FORM              Private limited company

 Date of foundation:      1962

 Registered on:             19.07.2005

 Commercial Register:   Local court 20355 Hamburg

 under:                          HRB 94278

 

 

 Share capital

 

EUR          2,525,000.00

 

 Shareholder:

                      TOM TAILOR Holding AG

                      Garstedter Weg 14

                      D 22453 Hamburg

                      Legal form: Public limited company

                      Share capital:     EUR         26,027,133.00

                      Share:             EUR          2,525,000.00

                      Registered on: 21.12.2007

                      Reg. data: 20355 Hamburg, HRB 103641

                      Control and profit transfer agreement

 Manager:

                      Maria Schurer

                      D 22453 Hamburg

                      authorized to jointly represent the company

                      born: 19.03.1960

                      née: Schmitz

 Manager:

                      Dieter Holzer

                      Roßbachstr. 2

                      D 88212 Ravensburg

                      having sole power of representation

                      born: 11.05.1964

                      Profession: manager

                      Marital status: unknown

 Manager:

                      Andrea Homann

                      D 22453 Hamburg

                      authorized to jointly represent the company

                      born: 07.05.1968

                      Profession: Businessman

 Manager:

                      Daniel Peterburs

                      D 22453 Hamburg

                      authorized to jointly represent the company

                      born: 18.01.1980

 Proxy:

                      Andreas Alfred Hoffmann

                      D 37120 Bovenden

                      authorized to jointly represent the company

                      born: 14.03.1958

 Proxy:

                      Christian Frederik Werner

                      D 61440 Oberursel

                      authorized to jointly represent the company

                      born: 22.03.1976

 Proxy:

                      Dr. Axel Rebien

                      D 25451 Quickborn

                      authorized to jointly represent the company

                      born: 17.07.1971

                      Profession: economist

                      Marital status: unknown

 Proxy:

                      Ole Puck

                      D 21379 Rullstorf

                      authorized to jointly represent the company

                      born: 10.07.1974

 Proxy:

                      Iris Donecker

                      Rothenbaumchaussee 154

                      D 20149 Hamburg

                      authorized to jointly represent the company

                      born: 30.07.1966

 Proxy:

                      Holger Eisenblätter

                      D 71634 Ludwigsburg

                      having sole power of representation

                      born: 20.12.1963

                      Profession: Lawyer

 Proxy:

                      Marc Gorbauch

                      D 21521 Aumühle

                      authorized to jointly represent the company

                      born: 20.08.1965

 Proxy:

                      Nina Niemeyer

                      D 22453 Hamburg

                      authorized to jointly represent the company

                      born: 22.06.1981

                      née: Pothmann

 

 Further functions/participations of Maria Schurer (Manager)

 Manager:

                      Tom Tailor Retail GmbH

                      Garstedter Weg 14

                      D 22453 Hamburg

                      Legal form: Private limited company

                      Share capital:     EUR             52,000.00

                      Registered

                      on:         04.11.1993

                      Reg. data:  20355 Hamburg, HRB 54164

 

 Further functions/participations of Dieter Holzer (Manager)

 Limited partner:

                      GLI Golden Leaf Invest Holding GmbH & Co. KG

                      Am Markt 6b

                      D 22941 Bargteheide

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Total cap.         EUR             26,100.00

                      contribution:

                      Share:             EUR              1,000.00

                      Registered

                      on:         04.10.2011

                      Reg. data:  60313 Frankfurt, HRA 46592

 Shareholder:

                      FCM Beteiligungs GmbH

                      Garstedter Weg 14

                      D 22453 Hamburg

                      Legal form: Private limited company

                      Share capital:     EUR             51,020.00

                      Share:             EUR             11,198.00

                      Registered

                      on:         06.05.2014

                      Reg. data:  20355 Hamburg, HRB 131723

 Manager:

                      BONITA Deutschland Holding Verwaltungs-GmbH

                      Kesseldorfer Rott 39

                      D 46499 Hamminkeln

                      Legal form: Private limited company

                      Share capital:     EUR             25,564.59

                      Registered

                      on:         20.05.1999

                      Reg. data:  47051 Duisburg, HRB 11334

 Manager:

                      TOM TAILOR Verwaltungs-GmbH

                      Garstedter Weg 14

                      D 22453 Hamburg

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         09.02.2012

                      Reg. data:  20355 Hamburg, HRB 121822

 President of the Board of Directors:

                      TOM TAILOR Holding AG

                      Garstedter Weg 14

                      D 22453 Hamburg

                      Legal form: Public limited company

                      Share capital:     EUR         26,027,133.00

                      Registered

                      on:         21.12.2007

                      Reg. data:  20355 Hamburg, HRB 103641

 

 Further functions/participations of Daniel Peterburs (Manager)

 Shareholder:

                      FCM Beteiligungs GmbH

                      Garstedter Weg 14

                      D 22453 Hamburg

                      Legal form: Private limited company

                      Share capital:     EUR             51,020.00

                      Share:             EUR                386.00

                      Registered

                      on:         06.05.2014

                      Reg. data:  20355 Hamburg, HRB 131723

 Proxy:

                      Tom Tailor Retail GmbH

                      Garstedter Weg 14

                      D 22453 Hamburg

                      Legal form: Private limited company

                      Share capital:     EUR             52,000.00

                      Registered

                      on:         04.11.1993

                      Reg. data:  20355 Hamburg, HRB 54164

 

 

 COMPANY HISTORY

 

 1962 - 18.04.1989        Henke + Co. GmbH

                          D 20095 Hamburg

                          Private limited company

 18.04.1989 - 09.11.1990  TOM TAILOR Sportswear

                          Handelsgesellschaft mbH

                          Schnackenburgallee 156

                          D 22525 Hamburg

                          Private limited company

 09.11.1990 - 19.01.2000  TOM TAILOR Sportswear

                          Handelsgesellschaft mbH

                          Garstedter Weg 14

                          D 22453 Hamburg

                          Private limited company

 19.01.2000 - 18.07.2005  TOM TAILOR AG

                          Garstedter Weg 14

                          D 22453 Hamburg

                          Public limited company

 

 

 BUSINESS ACTIVITIES

 

 Main industrial sector

 4641    Wholesale of textiles

46421   Wholesale of clothing

4771    Retail sale of clothing

 

 

 PARTICIPATIONS

 

 Shareholder:

                      Tom Tailor Retail GmbH

                      Garstedter Weg 14

                      D 22453 Hamburg

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             52,000.00

                      Share:             EUR             52,000.00

                      Reg. data:  04.11.1993

                                  Local court 20355 Hamburg

                                  HRB 54164

 Shareholder:

                      TT textiles GmbH

                      Herrmannstr. 11

                      D 01877 Bischofswerda

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,000.00

                      Share:             EUR             12,750.00

                      Reg. data:  28.04.2015

                                  Local court 20355 Hamburg

                                  HRB 136394

 

 

 FINANCIAL INFORMATION

 

Payment experience:  cash discount/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).

 

 

 REAL ESTATE

 

 Type of ownership:   Tenant

 Address              Garstedter Weg 14

                      D 22453 Hamburg

 

 Real Estate of:      Dieter Holzer

 Type of ownership:   Tenant

 Address              Roßbachstr. 2

                      D 88212 Ravensburg

 

 Land register documents were not available.

 

 

 BANKERS

 

 DEUTSCHE BANK, 20079 HAMBURG

 Sort. code: 20070000

 BIC: DEUTDEHHXXX

 COMMERZBANK VORMALS DRESDNER BANK, 20349 HAMBURG

 Sort. code: 20080000

 BIC: DRESDEFF200

 

 

 FINANCIAL FIGURES

 

 Financial year:      01.01. - 31.12.

 Turnover:            2013               EUR        302,400,000.00

                      2014               EUR        331,000,000.00

 Expected turnover:                      EUR        400,000,000.00

 further business figures:

 Share capital:                          EUR          2,525,000.00

 Equipment:                             *EUR          2,944,000.00

 Ac/ts receivable:                      *EUR         11,520,000.00

 Liabilities:                           *EUR         19,456,000.00

 Employees:                                                    384

 

 Control and profit transfer agreement to:

                      TOM TAILOR Holding AG

                      Garstedter Weg 14

                      D 22453 Hamburg

 

 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.66.17

UK Pound

1

Rs.100.66

Euro

1

Rs.70.97

 

 

INFORMATION DETAILS

 

Analysis Done by :

HNA

 

 

Report Prepared by :

ANK

 


 

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%)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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