MIRA INFORM REPORT

 

 

Report No. :

489695

Report Date :

07.02.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

BDSK HANDELS GMBH & CO. KG

 

 

Registered Office :

Mergentheimer Str. 59, D 97084 Würzburg

 

 

Country :

Germany

 

 

Date of Incorporation :

17.10.2011

 

 

Com. Reg. No.:

HRA 6804

 

 

Legal Form :

Limited partnership with private limited company as general partner

 

 

Line of Business :

·         Retail sale of furniture, lighting equipment and other household articles

·         Retail sale of computers, peripheral units and software

·         Retail sale of textiles

·         Warehousing

 

 

No. of Employees :

Not available

 

 

RATING & COMMENTS

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

 

MIRA’s Rating :

A

 

Credit Rating

Explanation

Rating Comments

A

Acceptable Risk

Business dealings permissible with moderate risk of default

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

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

(30.06.2017)

Current Rating

(30.09.2017)

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 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, bolstered by low energy prices and a weak euro, and exports are likely to drive German GDP growth again in 2018.

 

Source : CIA

 

Company name and address

 

Report on:                    BDSK Handels GmbH & Co. KG

 

Company Status:          active

                                    Mergentheimer Str. 59

                                    D 97084 Würzburg

Telephone:                    0931/61060

Telefax:                        0931/35955033

Homepage:                   www.xxxlshop.de

E-mail:                          info@xxxlmoebelhaeuser.de

VAT no.:                       DE279448078

Tax ID number:              257/117/01926

 

 

Company summary

 

Legal Form                   Ltd partnership with priv. ltd. company as general partner

Date of foundation:       17.10.2011

Registered on:              17.10.2011

Register of

companies:                   Local court 97070 Würzburg

under:                                       HRA 6804

 

Total cap. contribution:                EUR         10,000,000.00

 

Limited partner:

                     Mann Mobilia Beteiligungs GmbH

                     Mergentheimer Str. 59

                     D 97084 Würzburg

                     Legal form: Private limited company

                     Share capital:     EUR            340,500.00

                     Share:             EUR         10,000,000.00

                     Registered on: 09.05.2007

                     Reg. data: 97070 Würzburg, HRB 9458

General partner:

                     BDSK Verwaltungs GmbH

                     Mergentheimer Str. 59

                     D 97084 Würzburg

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered on: 07.10.2004

                     Reg. data: 97070 Würzburg, HRB 8556

 

Shareholder:

                     Mann Mobilia Beteiligungs GmbH

                     Mergentheimer Str. 59

                     D 97084 Würzburg

                     Legal form: Private limited company

                     Share capital:     EUR            340,500.00

                     Share:             EUR             25,000.00

                     Registered on: 09.05.2007

                     Reg. data: 97070 Würzburg, HRB 9458

Manager:

                     Alois Kobler

                     D 97013 Würzburg

                     born: 06.04.1963

                     Nationality: Austrian

Manager:

                     Magister Gerald Socher

                     A  Pusarnitz

                     born: 10.09.1968

                     Nationality: Austrian

Manager:

                     Konrad Nill

                     D 80331 München

                     born: 12.07.1971

                     Marital status: unknown

Proxy:

                     Jürgen Herzig

                     D 97475 Zeil

                     authorized to jointly represent the company

                     born: 26.06.1965

Proxy:

                     Mag. Michael Seifert

                     A  Wien

                     authorized to jointly represent the company

                     born: 07.08.1982

                     Nationality: Austrian

 

Further functions/participations of BDSK Verwaltungs GmbH

(General partner)

General partner:

                     Rück XXXL Immobilien GmbH & Co. KG

                     Mergentheimer Str. 59

                     D 97084 Würzburg

                     Post Box:

                     10 13 80

                     Legal form: Ltd partnership with priv. ltd.

                                 company as general partner

                     Total cap.         EUR          3,500,000.00

                     contribution:

                     Registered

                     on:         02.10.2017

                     Reg. data:  97070 Würzburg, HRA 7825

General partner:

                     Möbel-Buhl GmbH & Co. KG

                     Heidelsteinstr. 9

                     D 36043 Fulda

                     Legal form: Ltd partnership with priv. ltd.

                                 company as general partner

                     Total cap.         EUR            200,000.00

                     contribution:

                     Registered

                     on:         10.08.1965

                     Reg. data:  36037 Fulda, HRA 187

General partner:

                     GIGA International GmbH & Co. KG

                     Mergentheimer Str. 59

                     D 97084 Würzburg

                     Legal form: Ltd partnership with priv. ltd.

                                 company as general partner

                     Total cap.         EUR            200,000.00

                     contribution:

                     Registered

                     on:         30.11.2015

                     Reg. data:  97070 Würzburg, HRA 7514

General partner:

                     Möbel-Buhl Wolfsburg GmbH & Co KG

                     Brandgehaege 1

                     D 38444 Wolfsburg

                     Legal form: Ltd partnership with priv. ltd.

                                 company as general partner

                     Total cap.         EUR          1,022,583.76

                     contribution:

                     Registered

                     on:         16.07.1996

                     Reg. data:  38100 Braunschweig, HRA 100216

General partner:

                     AW-Logistikcenter-GmbH & Co. KG

                     Mergentheimer Str. 59

                     D 97084 Würzburg

                     Legal form: Ltd partnership with priv. ltd.

                                 company as general partner

                     Total cap.         EUR              1,000.00

                     contribution:

                     Registered

                     on:         16.12.2016

                     Reg. data:  97070 Würzburg, HRA 7706

 

 

BUSINESS ACTIVITIES

 

Main industrial sector

4759    Retail sale of furniture, lighting equipment and other household articles

 

Secondary industrial sector

4741    Retail sale of computers, peripheral units and software

4751    Retail sale of textiles

5210    Warehousing

 

 

BRANCHES AND FACTORIES

 

Branch:

                     BDSK Handels GmbH & Co. KG

                     Spreewaldallee 38-40

                     D 68309 Mannheim

                     TEL.: 0621/7161-505211

                     FAX.: 0621/7161-505223

Branch:

                     BDSK Handels GmbH & Co. KG

                     Wendenmühle 5

                     D 38110 Braunschweig

                     TEL.: 05307/208-0

Branch:

                     BDSK Handels GmbH & Co. KG

                     Industriestr. 5

                     D 96114 Hirschaid

                     TEL.: 09543/828-0

                     FAX.: 09543/371-0

Branch:

                     BDSK Handels GmbH & Co. KG

                     Theresienhöhe 5

                     D 80339 München

                     TEL.: 089/5105-0

                     FAX.: 089/5105-177213

Branch:

                     BDSK Handels GmbH & Co. KG

                     Eichendorffstr. 40

                     D 85609 Aschheim

Branch:

                     BDSK Handels GmbH & Co. KG

                     Aalener Str. 60a

                     D 73441 Bopfingen

 

 

PARTICIPATIONS

 

Limited partner:

                     GIGA International GmbH & Co. KG

                     Mergentheimer Str. 59

                     D 97084 Würzburg

                     Legal form: Ltd partnership with priv. ltd.

                                 company as general partner

                     Company Status: active

                     Total cap.         EUR            200,000.00

                     contribution:

                     Share:             EUR             50,000.00

                     Reg. data:  30.11.2015

                                 Local court 97070 Würzburg

                                 HRA 7514

Shareholder:

                     Mömax Deutschland GmbH

                     Mergentheimer Str. 59

                     D 97084 Würzburg

                     Legal form: Private limited company

                     Company Status: active

                     Share capital:     EUR             25,000.00

                     Share:             EUR             25,000.00

                     Reg. data:  27.02.2013

                                 Local court 97070 Würzburg

                                 HRB 11841

 

 

FINANCIAL INFORMATION

 

Payment experience:     No complaints

 

Negative information:    We have no negative information at hand.

 

 

REAL ESTATE

 

Type of ownership:        Tenant

Address                        Mergentheimer Str. 59

                                    D 97084 Würzburg

 

Real Estate of:              BDSK Verwaltungs GmbH

Type of ownership:        Tenant

Address                        Mergentheimer Str. 59

                                    D 97084 Würzburg

 

Land register documents were not available.

 

 

BANKERS

 

COMMERZBANK, 20454 HAMBURG

Sort. code: 20040000

BIC: COBADEHHXXX

 

 

FINANCIAL FIGURES

 

Financial year:      01.04. - 31.03.

The number of employees is not known.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 64.27

UK Pound

1

INR 89.72

Euro

1

INR 79.52

Euro

1

INR 79.28

 

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

SYL

                                                


 

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.