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MIRA
INFORM REPORT
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Report No. : |
492368 |
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Report Date : |
16.02.2018 |
IDENTIFICATION DETAILS
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Name : |
S.OLIVER BERND FREIER GMBH & CO.
KG |
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Registered Office : |
S.
Oliver-Str. 1, D 97228 Rottendorf |
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Country : |
Germany |
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Date of Incorporation : |
1969 |
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Com. Reg. No.: |
HRA 3925 |
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Legal Form : |
Limited
partnership with private limited company as general partner |
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Line of Business : |
· Wholesale of clothing and footwear · Retail sale 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 : |
Good |
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Payment Behaviour : |
Regular |
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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 (30.06.2017) |
Current Rating (30.09.2017) |
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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 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.
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Source
: CIA |
Company name and address
Report
on: s.Oliver Bernd Freier GmbH & Co. KG
Company
Status: active
S. Oliver-Str. 1
D 97228 Rottendorf
Telephone: 09302/309-0
Telefax: 09302/309-9473
Homepage:
www.soliver.com
E-mail: info@soliver.com
VAT
no.: DE811253614
Tax ID
number: 257/159/58913
CONCLUSION
Business relations are permissible.
Company
summary
Legal Form Ltd partnership with priv. ltd. company
as general partner
Date of foundation: 1969
Registered on: 09.02.1988
Register of
companies: Local
court 97070 Würzburg
under: HRA
3925
Total cap. contribution: EUR 28,000,500.00
Limited partner:
Bernd Freier
Oberer Bogenweg 35
D 97074 Würzburg
born: 17.09.1946
Share: EUR 16,800,300.00
Limited partner:
Amelie Freier
D 97070 Würzburg
born: 15.03.1984
Share: EUR 2,800,050.00
Limited partner:
Charlotte Freier
D 97070 Würzburg
born: 10.12.1985
Share: EUR 2,800,050.00
Limited partner:
Christian Freier
D 97013 Würzburg
born: 03.04.1982
Share: EUR 2,800,050.00
Limited partner:
Kathrin Freier
D 97070 Würzburg
born: 20.09.1980
Share: EUR 2,800,050.00
General partner:
s.Oliver Bernd Freier SARL
L Luxembourg
Legal form: Other legal
form
Reg. data: 97070
Würzburg,
Proxy:
Werner Reuß
Zweierweg 47
D 97074 Würzburg
having sole power of
representation
born: 15.02.1944
Marital status: married
Proxy:
Gabriele Fluck
D 92637 Weiden
authorized to jointly
represent the company
born: 16.10.1967
COMPANY
HISTORY
company name and legal form
09.02.1988 - 22.10.2008 S. Oliver Bernd Freier GmbH & Co. KG
Ostring
D 97228 Rottendorf
Ltd partnership with
priv. ltd. company
as general partner
BUSINESS
ACTIVITIES
Main industrial sector
4642
Wholesale of clothing and footwear
47710 Retail sale of clothing
BRANCHES
AND FACTORIES
Branch:
s.Oliver Bernd Freier
GmbH & Co. KG
Spitalerstr. 10-12
D 20095 Hamburg
TEL.: 040/30374080
Branch:
s.Oliver Bernd Freier GmbH & Co. KG
Holterkamp 3
D 40880 Ratingen
TEL.: 02102/1237280
Branch:
s.Oliver Bernd Freier
GmbH & Co. KG
Münchener Ring 2
D 04435 Schkeuditz
PARTICIPATIONS
Limited partner:
comma, GmbH & Co. KG
Ostring
D 97228 Rottendorf
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 100,000.00
contribution:
Share: EUR
100,000.00
Reg. data: 12.09.2016
Local court
97070 Würzburg
HRA 7662
Limited partner:
Freier Group Logistics
GmbH & Co. KG
Schießhausstr. 11
D 97228 Rottendorf
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 100,000.00
contribution:
Share: EUR 100,000.00
Reg. data: 27.10.2015
Local court 97070
Würzburg
HRA 7505
Shareholder:
Texlog GmbH
S. Oliver-Str. 1
D 97228 Rottendorf
Legal form: Private
limited company
Company Status: active
Share capital: EUR 150,000.00
Share: EUR 150,000.00
Reg. data: 23.03.1999
Local court
97070 Würzburg
HRB 6512
Shareholder:
KNOCKOUT Textilhandel
GmbH
Ostring
D 97228 Rottendorf
Legal form: Private
limited company
Company Status: active
Share capital: EUR 51,129.19
Share: EUR 51,129.19
Reg. data: 04.04.1997
Local court
97070 Würzburg
HRB 5834
Shareholder:
LIEBESKIND GmbH
Stralauer Allee 10-11
D 10245 Berlin
Legal form: Private
limited company
Company Status: active
Share capital: EUR 37,500.00
Share: EUR 37,500.00
Reg. data: 26.09.2014
Local court 14057 Berlin
HRB 161729 B
Shareholder:
S. Oliver Immobilien- und
Beratungs-GmbH
Ostring
D 97228 Rottendorf
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,564.59
Share: EUR 25,564.59
Reg. data: 05.12.1994
Local court 97070
Würzburg
HRB 5088
Shareholder:
BF 1.
Beteiligungsgesellschaft mbH
Ostring
D 97228 Rottendorf
Legal form: Private limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 18.03.2014
Local court
97070 Würzburg
HRB 12258
Shareholder:
comma, Verwaltung GmbH
Ostring
D 97228 Rottendorf
Legal form: Private limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 11.08.2016
Local court
97070 Würzburg
HRB 13315
Shareholder:
Texlog Sourcing GmbH
S. Oliver-Str. 1
D 97228 Rottendorf
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data:
11.08.2016
Local court
97070 Würzburg
HRB 13314
Shareholder:
Virtual Retail GmbH
Weidenauer Str. 167
D 57076 Siegen
Legal form: Private
limited company
Company Status: active
Share capital: EUR 45,000.00
Share: EUR 11,250.00
Reg. data: 09.11.2016
Local court
57072 Siegen
HRB 11104
FINANCIAL
INFORMATION
Payment experience: Regular
Negative information: We have no negative information at hand.
REAL
ESTATE
Type of ownership: Tenant
Address S. Oliver-Str. 1
D 97228 Rottendorf
Real Estate of: Bernd Freier
Type of ownership: proprietor
Share: 100.00 %
Address Kapellenbergstr. 13
D 97228 Rottendorf
Real Estate of: Bernd Freier
Type of ownership: proprietor
Share: 100.00 %
Address Oberer Bogenweg 35
D 97074 Würzburg
Real Estate of: Bernd Freier
Type of ownership: proprietor
Share: 100.00 %
Address Kapellenbergstr. 6
D 97228 Rottendorf
Real Estate of: Bernd Freier
Type of ownership: proprietor
Share: 100.00 %
Address Schießhausstr. 6
D 97228 Rottendorf
Real Estate of: Bernd Freier
Type of ownership: proprietor
Share: 100.00 %
Address Schönbornstr. 7
D 97070 Würzburg
Land register documents were not available.
BANKERS
UNICREDIT BANK - HYPOVEREINSBANK, 97067
WÜRZBURG
Sort. code: 79020076, Account no.: 326218430
BIC: HYVEDEMM455, IBAN: DE76790200760326218430
Z-LAENDERBANK BANK AUSTRIA AG (FORMER ZENTRALSPARKASSE
UND K,
SALZBURG
Account no.: 51878001319
BIC: ZSPKATWWSAL
FINANCIAL
FIGURES
Financial year: 01.01. - 31.12.
The number of employees is not known.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.92 |
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|
1 |
INR 89.55 |
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Euro |
1 |
INR 79.68 |
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Euro |
1 |
INR 80.33 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
SYL |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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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.