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MIRA INFORM REPORT
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Report No. : |
502827 |
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Report Date : |
09.04.2018 |
IDENTIFICATION DETAILS
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Name : |
SCHUSTERMANN &
BORENSTEIN GMBH |
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Registered Office : |
Margaretha-Ley-Ring 27, D
85609 Aschheim, Post Box:40 07 28 |
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Country : |
Germany |
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Date of Incorporation : |
1923 |
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Com. Reg. No.: |
HRB 56240 |
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Legal Form : |
Private limited company |
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Line of Business : |
·
Wholesale
of textiles ·
Wholesale
of clothing |
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No. of Employees : |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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Germany |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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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.
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Source
: CIA |
NOTE
The subject of your inquiry is a branch. We
are reporting on the headquarters.
Company
Name And Address
Report on: Schustermann & Borenstein GmbH
Company Status: active
Margaretha-Ley-Ring 27
D 85609 Aschheim
Post Box:
40 07 28
Telephone:089/35615-0
Telefax: 089/35615-110
Homepage:
www.schustermann-borenstein.de
E-mail: info@schubo.com
VAT no.: DE129473557
CONCLUSION
Business relations are permissible.
COMPANY
SUMMERY
LEGAL FORM Private limited company
Date of foundation: 1923
Shareholders'
agreement: 21.06.1978
Registered on: 21.06.1978
Commercial Register: Local court 80333 München
under: HRB 56240
Share capital: EUR
2,000,000.00
Shareholder:
Schustermann &
Borenstein Holding GmbH
Margaretha-Ley-Ring 27
D 85609 Aschheim
Legal form: Private
limited company
Share capital: EUR 100,083.00
Share: EUR 1,200,000.00
Registered on: 23.07.2012
Reg. data: 80333 München,
HRB 199965
Shareholder:
Schustermann & Borenstein GmbH
Margaretha-Ley-Ring 27
D 85609 Aschheim
Post Box:
40 07 28
Legal form: Private
limited company
Share capital: EUR 2,000,000.00
Share: EUR 800,000.00
Registered on: 21.06.1978
Reg. data: 80333 München,
HRB 56240
Manager:
Daniel Schustermann
Oberföhringer Str. 89
D 81925 München
having sole power of
representation
born: 20.11.1976
Manager:
Marian Schikora
D 80331 München
born: 26.10.1976
Manager:
Georg Karl Eberhard
Griesemann
D 50674 Köln
born: 31.05.1974
Profession: anditor and
tax advisor
Proxy:
Christian Dangl
D 80331 München
authorized to jointly
represent the company
born: 15.02.1983
Further functions/participations of Daniel Schustermann
(Manager)
Limited partner:
Cresco Capital Planufer
Projektentwicklungs-GmbH
& Co. KG
Rudi-Dutschke-Str. 26
D 10969 Berlin
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 15,000.00
contribution:
Share: EUR 10,000.00
Registered
on: 08.03.2012
Reg. data: 80333 München, HRA 98678
Limited partner:
EESD GmbH & Co. KG
Margaretha-Ley-Ring 27
D 85609 Aschheim
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 3,000.00
contribution:
Share: EUR 3,000.00
Registered
on: 15.02.2018
Reg. data: 80333 München, HRA 108506
Limited partner:
SDN GmbH & Co. KG
Ingolstädter Str. 40
D 80807 München
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 3,000.00
contribution:
Share: EUR 2,000.00
Registered
on: 14.08.2012
Reg. data: 80333 München, HRA 99451
Limited partner:
SBF Poing GmbH & Co.
KG
Margaretha-Ley-Ring 27
D 85609 Aschheim
Legal form: Ltd
partnership with priv. ltd.
company as general partner
Total cap. EUR 6,000.00
contribution:
Share: EUR 1,346.25
Registered
on: 04.04.2013
Reg. data: 80333 München, HRA 100542
Limited partner:
ESADA Immobilien GmbH
& Co. Portfolio II KG
Fasanenstr. 3
D 10623 Berlin
Legal form: Ltd partnership with
priv. ltd.
company as
general partner
Total cap. EUR 4,000.00
contribution:
Share: EUR 1,000.00
Registered
on: 16.03.2017
Reg. data: 14057 Berlin, HRA 53373 B
Limited partner:
SDN Victoriahöfe GmbH
& Co. KG
Oberföhringer Str. 89
D 81925 München
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 3,000.00
contribution:
Share: EUR 1,000.00
Registered
on: 06.07.2015
Reg. data: 80333 München, HRA 104014
Limited partner:
ESADA GmbH & Co.
Immobilienentwicklung KG
Fasanenstr. 3
D 10623 Berlin
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 3,100.00
contribution:
Share: EUR 1,000.00
Registered
on: 07.09.2012
Reg. data: 14057 Berlin, HRA 47272 B
Limited partner:
ESADA Immobilien GmbH
& Co. Portfolio I KG
Fasanenstr. 3
D 10623 Berlin
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 4,000.00
contribution:
Share: EUR 1,000.00
Registered
on: 16.01.2013
Reg. data: 14057 Berlin, HRA 47742 B
Limited partner:
DN 5050 GmbH & Co. KG
Oberföhringer Str. 89
D 81925 München
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 1,000.00
contribution:
Share: EUR 500.00
Registered
on: 15.06.2015
Reg. data: 80333 München, HRA 103877
Limited partner:
S3ND GmbH & Co. KG
Oberföhringer Str. 89
D 81925 München
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 1,050.00
contribution:
Share: EUR 500.00
Registered
on: 05.01.2015
Reg. data: 80333 München, HRA 103162
Limited partner:
ESDN 5-5-30-3 GmbH &
Co. KG
Oberföhringer Str. 89
D 81925 München
Legal form: Ltd
partnership with priv. ltd.
company as general partner
Total cap. EUR 430.00
contribution:
Share: EUR 300.00
Registered
on: 13.11.2017
Reg. data: 80333 München, HRA 107912
Limited partner:
Finatem IV GmbH & Co.
KG
Feldbergstr. 35
D 60323 Frankfurt
Legal form: Ltd partnership with priv.
ltd.
company as
general partner
Total cap. EUR 2,500.00
contribution:
Share: EUR 100.00
Registered
on: 19.12.2014
Reg. data: 60313 Frankfurt, HRA 48256
Limited partner:
DS Prestige Management
GmbH & Co.KG
Margaretha-Ley-Ring 27
D 85609 Aschheim
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 1.00
contribution:
Share: EUR 1.00
Registered
on: 27.12.2016
Reg. data: 80333 München, HRA 106506
Shareholder:
DN 9010
Vermögensverwaltungs GmbH
Margaretha-Ley-Ring 27
D 85609 Aschheim
Legal form: Private
limited company
Share capital: EUR
25,000.00
Share: EUR 22,500.00
Registered
on: 13.08.2012
Reg. data: 80333 München, HRB 200340
Shareholder:
Cresco Capital
Projektentwicklungs GmbH
Marktstr. 8
D 10317 Berlin
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 07.03.2012
Reg. data: 80333 München, HRB 197484
Shareholder:
DN 5050
Vermögensverwaltungs GmbH
Oberföhringer Str. 89
D 81925 München
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 16.12.2014
Reg. data: 80333 München, HRB 215696
Shareholder:
ESADA Immobilien
Geschäftsführungs GmbH
Fasanenstr. 3
D 10623 Berlin
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 8,333.00
Registered
on: 12.07.2012
Reg. data: 14057 Berlin, HRB 143115 B
Shareholder:
SBF
Grundstücksverwaltungs GmbH
Margaretha-Ley-Ring 27
D 85609 Aschheim
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 6,250.00
Registered
on: 29.10.2012
Reg. data: 80333 München, HRB 201609
Shareholder:
ESADA Irland GmbH
Fasanenstr. 3
D 10623 Berlin
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 6,250.00
Registered
on: 25.04.2017
Reg. data: 14057 Berlin, HRB 186164 B
Manager:
S & B Outlet GmbH
Margaretha-Ley-Ring 27
D 85609 Aschheim
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 23.07.2008
Reg. data: 80333 München, HRB 174586
Manager:
SBF
Grundstücksverwaltungs GmbH
Margaretha-Ley-Ring 27
D 85609 Aschheim
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 29.10.2012
Reg. data: 80333 München, HRB 201609
Manager:
PrestigeBidCo GmbH
Margaretha-Ley-Ring 27
D 85609 Aschheim
Legal form: Private limited
company
Share capital: EUR 25,000.00
Registered
on: 19.07.2016
Reg. data: 80333 München, HRB 227078
Manager:
PrestigeBidCo Holding
GmbH
Margaretha-Ley-Ring 27
D 85609 Aschheim
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 25.07.2016
Reg. data: 80333 München, HRB 227203
Manager:
Schustermann &
Borenstein Holding GmbH
Margaretha-Ley-Ring 27
D 85609 Aschheim
Legal form: Private
limited company
Share capital: EUR 100,083.00
Registered
on: 23.07.2012
Reg. data: 80333 München, HRB 199965
Manager:
Schustermann &
Borenstein Logistik GmbH
Parsdorfer Str. 13
D 85586 Poing
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 19.11.2015
Reg. data: 80333 München, HRB 222060
Manager:
DN 5050
Vermögensverwaltungs GmbH
Oberföhringer Str. 89
D 81925 München
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 16.12.2014
Reg. data: 80333 München, HRB 215696
Manager:
Cresco Capital
Projektentwicklungs GmbH
Marktstr. 8
D 10317 Berlin
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 07.03.2012
Reg. data: 80333 München, HRB 197484
Manager:
DN 9010 Vermögensverwaltungs
GmbH
Margaretha-Ley-Ring 27
D 85609 Aschheim
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 13.08.2012
Reg. data: 80333 München, HRB 200340
Manager:
AHL 2. Morpheus
Verwaltungsgesellschaft mbH
Sendlinger Str. 7 c/o WTW
D 80331 München
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 05.06.2012
Reg. data: 60313 Frankfurt, HRB 93916
Further functions/participations of Marian
Schikora (Manager)
Limited partner:
SBF Poing GmbH & Co.
KG
Margaretha-Ley-Ring 27
D 85609 Aschheim
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 6,000.00
contribution:
Share: EUR 105.00
Registered
on: 04.04.2013
Reg. data: 80333 München, HRA 100542
Limited partner:
MS Prestige Management GmbH
& Co. KG
Margaretha-Ley-Ring 27
D 85609 Aschheim
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 1.00
contribution:
Share: EUR 1.00
Registered
on: 28.12.2016
Reg. data: 80333 München, HRA 106512
Manager:
Schustermann &
Borenstein MIP Verwaltungs
GmbH
Ingolstädter Str. 40
D 80807 München
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 27.07.2012
Reg. data: 80333 München, HRB 200062
Manager:
Schustermann & Borenstein
Holding GmbH
Margaretha-Ley-Ring 27
D 85609 Aschheim
Legal form: Private
limited company
Share capital: EUR 100,083.00
Registered
on: 23.07.2012
Reg. data: 80333 München, HRB 199965
Manager:
Best Secret GmbH
Margaretha-Ley-Ring 10
D 85609 Aschheim
Legal form: Private limited
company
Share capital: EUR 25,000.00
Registered
on: 15.06.2007
Reg. data: 80333 München, HRB 168445
Further functions/participations of Georg Karl
Eberhard
Griesemann (Manager)
Limited partner:
PrestigeBid Management
Beteiligungs GmbH &
Co. KG
Margaretha-Ley-Ring 27
D 85609 Aschheim
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 2,500.00
contribution:
Share: EUR 100.00
Registered
on: 22.12.2016
Reg. data: 80333 München, HRA 106486
Shareholder:
CMG Solar GmbH
Fliederweg 2
D 51674 Wiehl
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 18.07.2016
Reg. data: 50939 Köln, HRB 88206
Manager:
CMG Solar GmbH
Fliederweg 2
D 51674 Wiehl
Legal form: Private limited
company
Share capital: EUR 25,000.00
Registered
on: 18.07.2016
Reg. data: 50939 Köln, HRB 88206
Manager:
PrestigeBidCo GmbH
Margaretha-Ley-Ring 27
D 85609 Aschheim
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 19.07.2016
Reg. data: 80333 München, HRB 227078
Manager:
PrestigeBidCo Holding
GmbH
Margaretha-Ley-Ring 27
D 85609 Aschheim
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 25.07.2016
Reg. data:
80333 München, HRB 227203
Manager:
Schustermann &
Borenstein Holding GmbH
Margaretha-Ley-Ring 27
D 85609 Aschheim
Legal form: Private
limited company
Share capital: EUR 100,083.00
Registered
on: 23.07.2012
Reg. data: 80333 München, HRB 199965
COMPANY HISTORY
company name and legal form
21.06.1978 - 07.06.2017 Schustermann & Borenstein GmbH
Ingolstädter Str. 40
D 80807 München
Private limited
company
1923 - 21.06.1978 Hermann Schustermann OHG
Ingolstädter Str. 40
D 80807 München
General Partnership
RESIGNED ACTING PERSONS AND SHAREHOLDERS
20.03.2013 - 06.02.2018 Manager
Sascha Krines
D 85049 Ingolstadt
06.05.2014 - 10.06.2015 Manager
Josef Amir Borenstein
Posener Platz 14a
D 81929 München
BUSINESS
ACTIVITIES
Main industrial sector
46410
Wholesale of textiles
46421 Wholesale of clothing
47510 Retail sale of textiles
47710 Retail sale of clothing
BRANCHES
AND FACTORIES
Works:
Schustermann &
Borenstein GmbH
Ismaninger Str. 22
D 85609 Aschheim
Branch:
Schustermann &
Borenstein GmbH
Margaretha-Ley-Ring 23
D 85609 Aschheim
PARTICIPATIONS
Shareholder:
Schustermann &
Borenstein GmbH
Margaretha-Ley-Ring 27
D 85609 Aschheim
Post Box:
40 07 28
Legal form: Private
limited company
Company Status: active
Share capital: EUR 2,000,000.00
Share: EUR 800,000.00
Reg. data: 21.06.1978
Local court
80333 München
HRB 56240
Shareholder:
S & B Outlet GmbH
Margaretha-Ley-Ring 27
D 85609 Aschheim
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 23.07.2008
Local court
80333 München
HRB 174586
Shareholder:
Schustermann &
Borenstein Logistik GmbH
Parsdorfer Str. 13
D 85586 Poing
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 19.11.2015
Local court 80333 München
HRB 222060
Shareholder:
Best Secret GmbH
Margaretha-Ley-Ring 10
D 85609 Aschheim
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 15.06.2007
Local court 80333 München
HRB 168445
FINANCIAL
INFORMATION
Payment experience: No
Complaints
Negative information:We have no negative
information at hand.
REAL
ESTATE
Type of ownership: Tenant
Address Margaretha-Ley-Ring 27
D 85609 Aschheim
Real Estate of: Schustermann & Borenstein Holding
GmbH
Type of ownership: Tenant
Address Margaretha-Ley-Ring 27
D 85609 Aschheim
Land register documents were not available.
BANKERS
Principal bank
COMMERZBANK VORMALS DRESDNER BANK, 80273
MÜNCHEN
Sort. code: 70080000, Account no.: 565066500
BIC: DRESDEFF700, IBAN: DE74700800000565066500
Further bank
UNICREDIT BANK - HYPOVEREINSBANK, 80311
MÜNCHEN
Sort. code: 70020270, Account no.: 3180048803
BIC: HYVEDEMMXXX, IBAN: DE71700202703180048803
FINANCIAL FIGURES
Financial year: 01.01. - 31.12.
Share capital: EUR 2,000,000.00
The number of employees is not known.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.99 |
|
|
1 |
INR 90.96 |
|
Euro |
1 |
INR 79.51 |
|
Euro |
1 |
INR 79.80 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
KET |
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.