|
Report No. : |
345220 |
|
Report Date : |
20.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
HANS D. KRIEGER KG |
|
|
|
|
Registered Office : |
Hauptstr. 128, D 55743 Idar-Oberstein,
Post Box: 12 24 48 |
|
|
|
|
Country : |
Germany |
|
|
|
|
Year of Establishment : |
1964 |
|
|
|
|
Com. Reg. No.: |
HRA 10638 |
|
|
|
|
Legal Form : |
Limited partnership |
|
|
|
|
Line of Business : |
·
Manufacture of Jewelry and Related Articles
(Except Imitation Jewelry) ·
Wholesale of Clocks and Watches and Jewelry. |
|
|
|
|
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 |
|
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 |
HANS D. KRIEGER KG
Company Status: active
Hauptstr. 128
D 55743 Idar-Oberstein
Post Box:
12 24 48
Telephone:06781/94900
Telefax: 06781/949041
Homepage:
www.kriegernet.com
E-mail: info@kriegernet.com
VAT no.: DE240835555
Business relations are permissible.
LEGAL FORM Limited
partnership
Date of foundation: 1964
Registered on: 12.04.1966
Register of
companies: Local
court 55543 Bad Kreuznach
under: HRA
10638
EUR 35,000.00
Limited partner:
Andreas Martin Krieger
Hauptstr. 128
D 55743 Idar-Oberstein
born: 27.03.1974
Share: EUR 30,000.00
Limited partner:
Axel Krieger
Straßenbahnring 43
D 20251 Hamburg
born: 06.10.1968
Share: EUR 5,000.00
General partner:
Hans Dieter Krieger
Hauptstr. 122
D 55743 Idar-Oberstein
born: 31.03.1939
Profession: Master gem
cutter
Marital status: married
Proxy:
Andreas Martin Krieger
Hauptstr. 128
D 55743 Idar-Oberstein
having sole power of
representation
born: 27.03.1974
Marital status: unknown
Proxy:
Andreas Milisenda
D 55743 Idar-Oberstein
having sole power of
representation
born: 27.09.1967
Further functions/participations of Hans
Dieter Krieger (General
partner)
Shareholder:
Immo Atlas Verwaltungs
GmbH
Hauptstr. 128
D 55743 Idar-Oberstein
Legal form: Private limited
company
Share capital: EUR 25,200.00
Share: EUR 8,400.00
Registered
on: 31.01.2014
Reg. data: 55543 Bad Kreuznach, HRB 21760
Shareholder:
Parkhotel Idar-Oberstein
Management GmbH
Hauptstr. 122
D 55743 Idar-Oberstein
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 4,250.00
Registered
on: 29.08.2011
Reg. data: 55543 Bad Kreuznach, HRB 21237
Shareholder:
Diamant Prüflabor GmbH
Professor-Schlossmacher-Str. 1
D 55743 Idar-Oberstein
Legal form: Private
limited company
Share capital: EUR 36,000.00
Share: EUR 4,000.00
Registered
on: 06.09.1977
Reg. data: 55543 Bad Kreuznach, HRB 10244
Manager:
Parkhotel Idar-Oberstein
Management GmbH
Hauptstr. 122
D 55743 Idar-Oberstein
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 29.08.2011
Reg. data: 55543 Bad Kreuznach, HRB 21237
Manager:
Immo Atlas Verwaltungs
GmbH
Hauptstr. 128
D 55743 Idar-Oberstein
Legal form: Private
limited company
Share capital: EUR 25,200.00
Registered
on: 31.01.2014
Reg. data: 55543 Bad Kreuznach, HRB 21760
President of the Board of Directors:
Sport-Club 07
Idar-Oberstein
Im Haag 14
D 55743 Idar-Oberstein
Legal form: Registered
association
Registered
on: 22.09.1971
Reg. data: 55543 Bad Kreuznach, VR 10345
12.04.1966 - 17.01.2005 Hans Dieter Krieger
Hauptstr. 128
D 55743
Idar-Oberstein
Sole proprietorship
Main industrial sector
32120
Manufacture of jewelry and related articles (except imitation jewelry)
46480
Wholesale of clocks and watches and jewelry
Shareholder:
Messe Idar-Oberstein GmbH
John-F.-Kennedy-Str. 9
D 55743 Idar-Oberstein
Legal form: Private
limited company
Company Status: active
Share capital: EUR 305,000.00
Share: EUR 10,000.00
Reg. data: 13.07.2009
Local court 55543 Bad Kreuznach
HRB 20781
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Type of ownership: proprietor
Share: 100.00 %
Address Hauptstr. 128
D 55743 Idar-Oberstein
Type of real estate: residential and business
location
Real Estate of: Hans Dieter Krieger
Type of ownership: proprietor
Share: 100.00 %
Address Hauptstr. 122
D 55743 Idar-Oberstein
Type of real estate: residential and business
location
Real Estate of: Axel Krieger
Type of ownership: Tenant
Address Straßenbahnring 43
D 20251 Hamburg
Land register documents were not available.
Principal banks
KREISSPARKASSE BIRKENFELD, 55701
IDAR-OBERSTEIN
Sort. code: 56250030
BIC: BILADE55XXX
COMMERZBANK, 55701 IDAR-OBERSTEIN
Sort.
code: 56240050
BIC: COBADEFFXXX
Financial year: 01.01. - 31.12.
The number of employees is not known.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.82 |
|
|
1 |
Rs.100.12 |
|
Euro |
1 |
Rs.73.75 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.