MIRA INFORM REPORT

 

 

Report No. :

500918

Report Date :

07.04.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

STRENESSE NEW GMBH

 

 

Registered Office :

Eichendorffplatz 3 86720 Nördlingen

 

 

Country :

Germany

 

 

Date of Incorporation :

06.12.2016

 

 

Com. Reg. No.:

HRB 31106

 

 

Legal Form :

Private limited company

 

 

Line of Business :

·         Manufacture of other wearing apparel and accessories n.e.c.

·         Manufacture of footwear

·         Other manufacturing n.e.c.

·         Wholesale of clothing

 

 

No. of Employees :

Not Available

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

B

 

Credit Rating

Explanation

Rating Comments

B

Medium Risk

Business dealings permissible on a regular monitoring basis

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but Correct

 

 

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

 

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

Germany

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

Very High Risk

 

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 a large increase in 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 economic 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. The German Government introduced a minimum wage in 2015 that increased to $9.79 (8.84 euros) in January 2017.

 

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 2017 Germany reached a budget surplus of 0.7%. 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 during 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 largely with renewable energy, which accounted for 29.5% of gross electricity consumption in 2016, 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. Domestic consumption, investment, and exports are likely to drive German GDP growth in 2018, and the country’s budget and trade surpluses are likely to remain high.

 

Source : CIA

 

Company name and address

 

Strenesse New GmbH

 

 Company Status:          active

                                     Eichendorffplatz 3

                                     D 86720 Nördlingen

                                     Telephone:09081/8070

                                     Homepage: www.strenesse.com

                                     E-mail:   info@strenesse.com

 

 VAT no.           :             DE309576656

 Tax ID number  :             152/137/70214

 

 

 CONCLUSION

 

 Business relations are permissible.

 

 

 LEGAL FORM                         Private limited company

 Date of foundation            :      06.12.2016

 Shareholders'

 agreement:                                06.12.2016

 Registered on:                         14.12.2016

 Commercial Register:               Local court 86150 Augsburg

 Under                          :            HRB 31106

 

Share capital:                          EUR             25,000.00

 

Shareholder:

                      H2P AG

                      CH . Baar

                      Legal form: Other legal form

                      Share:             EUR             22,500.00

 Shareholder:

                      Dr. Jürgen Geßler

                      D 80337 München

                      born: 27.05.1964

                      Share:             EUR              2,500.00

 Manager:

                      Dr. Jürgen Geßler

                      D 80337 München

                      having sole power of representation

                      born: 27.05.1964

                      Marital status: unknown

RESIGNED ACTING PERSONS AND SHAREHOLDERS

 

 19.12.2016 - 05.01.2017  Manager

                          Micaela Sabatier

                          Hundsumkehr 5

                          D 93047 Regensburg

 

 

 BUSINESS ACTIVITIES

 

 Main industrial sector

14190   Manufacture of other wearing apparel and accessories

 n.e.c.

15200   Manufacture of footwear

32990   Other manufacturing n.e.c.

46421   Wholesale of clothing

 

 

 BRANCHES AND FACTORIES

 

 Works:

                      Strenesse New GmbH

                      Oranienburger Str. 32

                      D 10117 Berlin

                      TEL.: 030/20644370

 Works:

                      Strenesse New GmbH

                      Heegbarg 33 /Unit 87

                      D 22391 Hamburg

                      TEL.: 040/60298346

                      FAX.: 040/60298348

 Works:

                      Strenesse New GmbH

                      Schadowstr. 11 /Unit 49

                      D 40212 Düsseldorf

                      TEL.: 0211/13658977

                      FAX.: 0211/13658976

 Works:

                      Strenesse New GmbH

                      Betenstr. 3-5

                      D 44137 Dortmund

                      TEL.: 0231/1763070

                      FAX.: 0231/1763069

 Works:

                      Strenesse New GmbH

                      Mittelstr. 12-14

                      D 50672 Köln

                      TEL.: 0221/2509905

                      FAX.: 0221/2509906

 Works:

                      Strenesse New GmbH

                      Kaiserhofstr. 6

                      D 60313 Frankfurt

                      TEL.: 069/21089936

                      FAX.: 069/21089956

 Works:

                      Strenesse New GmbH

                      Kronprinzstr. 8

                      D 70173 Stuttgart

                      TEL.: 0711/22933230

                      FAX.: 0711/22933232

 Works:

                      Strenesse New GmbH

                      Luisenstr. 2

                      D 76530 Baden-Baden

                      TEL.: 07221/3020038

                      FAX.: 07221/3020039

 Works:

                      Strenesse New GmbH

                      Gärtnerplatz 2

                      D 80469 München

                      TEL.: 089/20205395

                      FAX.: 089/2020546

 

FINANCIAL INFORMATION

 

Payment experience:  within periods customary in this trade

 

 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).

 

 

 Events Index:        1

 

                      At present, NO events are known.

 

                      The Events Index indicates if any particular

                      events have occurred, such as e.g. a

                      relocation of registered office or a change

                      within management. On the basis of number,

                      relevance and up-to-dateness of the events

                      an index value ranging from 1 (no events) to

                      5 is calculated. Companies showing a

                      particularly large number of events receive

                      the index 6.

 

 

 REAL ESTATE

 

 Type of ownership:   Tenant

 Address              Eichendorffplatz 3

                            D 86720 Nördlingen

 

 Land register documents were not available.

 

 

 BANKERS

 

 DEUTSCHE BANK, 86711 NÖRDLINGEN

 Sort. code: 61370086, Account no.: 113133301

 BIC: DEUTDESS613, IBAN: DE18613700860113133301

 

 

 FINANCIAL FIGURES

 

 Financial year:      01.01. - 31.12.

 Share capital:                          EUR             25,000.00

 The number of employees is not known.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 64.98

UK Pound

1

INR 90.95

Euro

1

INR 79.51

Euro

1

INR 79.84

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

NIY

 

 

Report Prepared by :

DNS

 

 

RATING EXPLANATIONS

 

Credit Rating

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

NT

No Trace

No recommendation can be done as the business is not traceable

 

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

 

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 are as follows:

 

·         Financial condition covering various ratios

·         Company background and operations size

·         Promoters / Management background

·         Payment record

·         Litigation against the subject

·         Industry scenario / competitor analysis

·         Supplier / Customer / Banker review (wherever available)

 

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.