|
Report No. : |
340729 |
|
Report Date : |
18.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
GABRIELE EHRLICH |
|
|
|
|
Registered Office : |
Moselstr. 11, D 66955 Pirmasens |
|
|
|
|
Country : |
Germany |
|
|
|
|
Date of Incorporation : |
01.04.2001 |
|
|
|
|
Legal Form : |
Unregistered Commercial Enterprise |
|
|
|
|
Line of Business : |
· Wholesale of footwear · Wholesale of leather goods, luggage, giftware and advertising articles |
|
|
|
|
No. of Employees : |
6 |
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 |
GABRIELE EHRLICH
Company Status: active
Moselstr. 11
D 66955 Pirmasens
Telephone:06331/143199
Telefax:
06331/143351
Homepage: www.car-mel.de
E-mail: info@car-mel.de
Trade name: Car
Mel Shoes
VAT
no.: DE813157450
Business relations are permissible.
LEGAL FORM Unregistered commercial enterprise
Date of foundation: 01.04.2001
Proprietor:
Gabriele Ehrlich
Im Dellbrunnen 15
D 66954 Pirmasens
born: 12.05.1954
Marital status: married
01.04.2001 - 28.10.2003 Gabriele Ehrlich
Im Dellbrunnen 15
D 66954
Pirmasens
Unregistered
commercial enterprise
28.10.2003 - 01.03.2007 Gabriele Ehrlich
Hillstr. 6
D 66953 Pirmasens
Unregistered
commercial enterprise
01.03.2007 - 01.07.2012 Gabriele Ehrlich
Im Erlenteich 77
D 66955 Pirmasens
Unregistered
commercial enterprise
Main industrial sector
46422
Wholesale of footwear
46493
Wholesale of leather goods, luggage, giftware and advertising articles
Payment experience: Unknown
Negative information: We have no negative
information at hand.
Type of ownership: Tenant
Address Moselstr.
11
D 66955 Pirmasens
Land register documents were not available.
Principal bank
SPARKASSE SÜDWESTPFALZ, 66930 PIRMASENS
Sort. code: 54250010
BIC: MALADE51SWP
Financial year: 01.01. - 31.12.
Turnover: 2013 *EUR 980,000.00
2014 *EUR 1,095,000.00
further business figures:
Equipment: *EUR 42,000.00
Ac/ts receivable: *EUR 120,000.00
Liabilities: *EUR 258,000.00
Employees:
6
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.66.50 |
|
|
1 |
Rs.102.00 |
|
Euro |
1 |
Rs.75.03 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.