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Report No. : |
344923 |
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Report Date : |
20.10.2015 |
IDENTIFICATION DETAILS
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Name : |
HJP KLEINLEDERWAREN E.K. |
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Registered Office : |
Achenweg 2c D 83454 Anger |
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Country : |
Germany |
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Date of Incorporation : |
15.07.1989 |
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Com. Reg. No.: |
HRA 7811 |
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Legal Form : |
Sole proprietorship |
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Line of Business : |
Agents involved in the sale of a variety of goods |
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No. of Employee : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 |
HJP KLEINLEDERWAREN E.K.
Company Status: active
Achenweg 2c
D 83454 Anger
Telephone:08656/1780
Telefax: 08656/1059
Homepage: www.hjp-pfeifle.de
E-mail: hjp.pfeifle@t-online.de
VAT no.: DE127570470
Business relations are
permissible.
LEGAL FORM Sole
proprietorship
Date of foundation: 15.07.1989
Registered on: 05.06.2002
Register of
companies: Local
court 83278 Traunstein
under: HRA
7811
Proprietor:
Hans-Jürgen
Pfeifle
Frühlingstr. 12
D 83454
Anger
born:
21.09.1965
Marital
status: unknown
Proxy:
Eva Binder
D 83457
Bayerisch Gmain
having sole
power of representation
born:
04.07.1967
15.07.1989 - 12.05.2003 Hans Jürgen Pfeifle
Frühlingstr. 12
D 83454
Anger
Unregistered
commercial enterprise
12.05.2003 - 28.05.2014 HJP Kleinlederwaren E.K.
Hauptstr. 20
D 83454
Anger
Sole
proprietorship
Main industrial sector
46190 Agents involved in the sale of a variety of
goods
Payment experience: 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).
Type of ownership: Tenant
Address Achenweg
2c
D 83454 Anger
Real Estate of: Hans-Jürgen
Pfeifle
Type of ownership: proprietor
Share: 100.00 %
Address Frühlingstr.
12
D 83454 Anger
Land register documents were not
available.
SPARKASSE BERCHTESGADENER LAND,
83454 ANGER B BAD REICHENHALL
Sort. code: 71050000
BIC: BYLADEM1BGL
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
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
SDA |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>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 |
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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 |
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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.