MIRA INFORM REPORT

 

 

Report No. :

345975

Report Date :

19.10.2015

 

IDENTIFICATION DETAILS

 

Name :

WÜNSCHE HANDELSGESELLSCHAFT INTERNATIONAL MBH & CO. KG

 

 

Registered Office :

Domstr. 19, D 20095 Hamburg,. Post Box:10 67 40, D 20045

 

 

Country :

Germany

 

 

Year of Establishment :

1978

 

 

Com. Reg. No.:

HRA 99304

 

 

Legal Form :

Ltd partnership with priv. ltd. company as   general partner

 

 

Line of Business :

·         Non-Specialized Wholesale of Food, Beverages and Tobacco

Wholesale of Textiles

 

 

No. of Employees :

31

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

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

 

WÜNSCHE HANDELSGESELLSCHAFT INTERNATIONAL MBH & CO. KG

 

Company Status:      active

                      Domstr. 19

                      D 20095 Hamburg

                      Post Box:

                      10 67 40, D 20045

                      Telephone:040/333120

                      Telefax:  040/33312297

                      Homepage: www.whi.de

                      E-mail:   info@whi.de

 

VAT no.:                       DE811133848

Tax ID number:              48/668/00273

 

 

CONCLUSION

 

Business relations are permissible.

 

 

Company Summary

 

LEGAL FORM               Ltd partnership with priv. ltd. company as   general partner

 Date of foundation:        1978

 Registered on:              05.11.2003

 Register of

 companies:                  Local court 20355 Hamburg

 under:                          HRA 99304

 

Total cap. contribution:                EUR          9,000,000.00

 

Limited partner:

                      Verwaltung Wünsche Handelsgesellschaft

                      International mbH

                      Domstr. 19

                      D 20095 Hamburg

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Share:             EUR          9,000,000.00

                      Registered on: 13.03.2007

                      Reg. data: 20355 Hamburg, HRB 100442

 General partner:

                      Wünsche Services GmbH

                      Domstr. 19

                      D 20095 Hamburg

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered on: 07.08.2003

                      Reg. data: 20355 Hamburg, HRB 88029

 

 Shareholder:

                      Verwaltung Wünsche Handelsgesellschaft

                      International mbH

                      Domstr. 19

                      D 20095 Hamburg

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Share:             EUR             25,000.00

                      Registered on: 13.03.2007

                      Reg. data: 20355 Hamburg, HRB 100442

 Manager:

                      Wolf-Jürgen Wünsche

                      Domstr. 19

                      D 20095 Hamburg

                      having sole power of representation

                      born: 13.03.1937

                      Profession: Businessman

                      Marital status: married

 Manager:

                      Thomas Peter Wünsche

                      Taxusweg 3

                      D 22605 Hamburg

                      having sole power of representation

                      born: 05.11.1966

                      Profession: Businessman

 Manager:

                      Björn Peters

                      Nettelhof 19

                      D 22609 Hamburg

                      born: 06.09.1968

                      Profession: Businessman

 Manager:

                      Hans-Otto Homfeldt

                      D 20095 Hamburg

                      authorized to jointly represent the company

                      born: 02.05.1946

 Manager:

                      André Zuppa

                      D 20095 Hamburg

                      authorized to jointly represent the company

                      born: 06.06.1969

 Manager:

                      Uwe Erich Porten

                      Pellwormstr. 24

                      D 22846 Norderstedt

                      authorized to jointly represent the company

                      born: 17.08.1958

 Manager:

                      Georg Hendricks

                      D 41061 Mönchengladbach

                      born: 06.01.1960

 Proxy:

                      Uwe Hans Dieter Ascheberg

                      Lengerckestr. 25

                      D 22041 Hamburg

                      authorized to jointly represent the company

                      born: 25.09.1961

 Proxy:

                      Christian Scharf

                      D 20095 Hamburg

                      authorized to jointly represent the company

                      born: 22.10.1976

 Proxy:

                      Uwe Erich Porten

                      Pellwormstr. 24

                      D 22846 Norderstedt

                      authorized to jointly represent the company

                      born: 17.08.1958

 Proxy:

                      Jürgen Langbein

                      D 25451 Quickborn

                      authorized to jointly represent the company

                      born: 22.08.1967

 

 

COMPANY HISTORY

 

 27.09.1978 - 04.11.2003  Wünsche Handelsgesellschaft

                          International mbH (AG Hamburg, HRB

                          22181)

                          Domstr. 19

                          D 20095 Hamburg

                          Private limited company

 05.11.2003 - 14.01.2011  Wünsche Handelsgesellschaft

                          International mbH & Co. KG

                          Domstr. 19/Zürich-Haus

                          D 20095 Hamburg

                          Ltd partnership with priv. ltd. company

                          as general partner

 

 

BUSINESS ACTIVITIES

 

Main industrial sector

46399   Non-specialized wholesale of food, beverages and tobacco

46410   Wholesale of textiles

 

 

PARTICIPATIONS

 

Shareholder:

                      WHI Merkur Aussenhandel GmbH

                      Domstr. 19

                      D 20095 Hamburg

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,564.59

                      Share:             EUR             25,564.59

                      Reg. data:  10.01.1994

                                  Local court 20355 Hamburg

                                  HRB 54650

 Shareholder:

                      Merkur Capital International GmbH

                      Domstr. 19

                      D 20095 Hamburg

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,000.00

                      Share:             EUR             25,000.00

                      Reg. data:  31.07.2003

                                  Local court 20355 Hamburg

                                  HRB 87994

 Shareholder:

                      Lorado Holding GmbH

                      Domstr. 19

                      D 20095 Hamburg

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,000.00

                      Share:             EUR             12,500.00

                      Reg. data:  14.06.2006

                                  Local court 20355 Hamburg

                                  HRB 97569

 

 

FINANCIAL INFORMATION

 

 Payment experience:  within agreed terms

 

 Negative information:We have no negative information at hand.

 

 

REAL ESTATE

 

 Type of ownership:        Tenant

 Address                       Domstr. 19

                                    D 20095 Hamburg

 

 Real Estate of:              Wünsche Services GmbH

 Type of ownership:        Tenant

 Address                       Domstr. 19

                                    D 20095 Hamburg

 

Land register documents were not available.

 

 

BANKERS

 

 Principal bank

 COMMERZBANK, 20454 HAMBURG

 Sort. code: 20040000

 BIC: COBADEHHXXX

 

 Further banks

 DEUTSCHE BANK, 20079 HAMBURG

 Sort. code: 20070000

 BIC: DEUTDEHHXXX

 HSH NORDBANK HAMBURG, 20095 HAMBURG

 Sort. code: 20050000

 BIC: HSHNDEHH200

 UNICREDIT BANK - HYPOVEREINSBANK, 20454 HAMBURG

 Sort. code: 20030000

 BIC: HYVEDEMM300

 

 

FINANCIAL FIGURES

 

 Financial year:      01.01. - 31.12.

 Turnover:            2013               EUR        154,000,000.00

                      2014               EUR        154,000,000.00

 further business figures:

 Equipment:                              EUR            350,000.00

 Ac/ts receivable:                       EUR         20,000,000.00

 Liabilities:                            EUR         10,000,000.00

 Employees:                                                     31

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.64.97

UK Pound

1

Rs.100.55

Euro

1

Rs.73.99

 

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%)

 

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.