|
|
|
MIRA INFORM REPORT
|
Report No. : |
485475 |
|
Report Date : |
12.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
OTTO MARKERT & SOHN GMBH |
|
|
|
|
Registered Office : |
Große
Elbstr. 145a, D 22767 Hamburg |
|
|
|
|
Country : |
Germany |
|
|
|
|
Date of Incorporation : |
1929 |
|
|
|
|
Com. Reg. No.: |
HRB 62621 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
· Manufacture of technical textiles ·
Wholesale
of other equipment and accessories for machinery and technical supplies · Non-specialized wholesale trade |
|
|
|
|
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 2016 Germany reached a budget surplus of 0.6%. 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 2017.
|
Source : CIA |
note
The
subject of your inquiry is a branch. We are reporting on the headquarters.
Company
name and address
Report
on: Otto Markert & Sohn GmbH
Company
Status: active
Große Elbstr. 145a
D 22767 Hamburg
Telephone: 04321/87010
Telefax: 04321/8701275
Homepage:
www.markert.de
E-mail: info@markert.de
VAT
no.: DE183725978
Tax ID
number: 41/741/02363
CONCLUSION
Business relations are permissible.
Company
summary
Legal Form Private
limited company
Date of foundation: 1929
Shareholders'
agreement: 28.08.1996
Registered on: 23.11.1996
Commercial Register: Local court 20355 Hamburg
under: HRB
62621
Share capital: EUR 5,000,000.00
Shareholder:
Markert Beteiligungsgesellschaft
mbH
Große Elbstr. 145a
D 22767 Hamburg
Post Box:
21 46, D 24511 Neumünster
Legal form: Private
limited company
Share capital: EUR 4,700,000.00
Share: EUR 4,700,000.00
Registered on: 07.03.2007
Reg. data: 20355 Hamburg,
HRB 100369
Control and profit transfer
agreement
Shareholder:
Philipp Markert
D 20148 Hamburg
born: 20.06.1973
Share: EUR 300,000.00
Manager:
Sönke Burmeister-Benker
D 20149 Hamburg
having sole power of
representation
born: 24.09.1968
Profession: Fully
qualified merchant
Manager:
Philipp Markert
D 20148 Hamburg
having sole power of
representation
born: 20.06.1973
Profession: Fully
qualified merchant
Further functions/participations of Sönke
Burmeister-Benker
(Manager)
Manager:
Alfons Markert & Co.
GmbH
Große Elbstr. 145a
D 22767 Hamburg
Legal form: Private
limited company
Share capital: EUR
2,000,000.00
Registered
on: 30.06.1975
Reg. data: 20355 Hamburg, HRB 17588
Manager:
Markert
Beteiligungsgesellschaft mbH
Große Elbstr. 145a
D 22767 Hamburg
Post Box:
21 46, D 24511 Neumünster
Legal form: Private
limited company
Share capital: EUR 4,700,000.00
Registered
on: 07.03.2007
Reg. data: 20355 Hamburg, HRB 100369
Manager:
MG Trading GmbH
Große Elbstr. 145a
D 22767 Hamburg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 08.03.2016
Reg. data: 20355 Hamburg, HRB 140518
Further functions/participations of Philipp
Markert (Manager)
Shareholder:
Markert
Beteiligungsgesellschaft mbH
Große Elbstr. 145a
D 22767 Hamburg
Post Box:
21 46, D 24511 Neumünster
Legal form: Private
limited company
Share capital: EUR 4,700,000.00
Share: EUR 2,300,000.00
Registered
on: 07.03.2007
Reg. data: 20355 Hamburg, HRB 100369
Manager:
Alfons Markert & Co.
GmbH
Große Elbstr. 145a
D 22767 Hamburg
Legal form: Private
limited company
Share capital: EUR 2,000,000.00
Registered
on: 30.06.1975
Reg. data: 20355 Hamburg, HRB 17588
Manager:
Markert
Beteiligungsgesellschaft mbH
Große Elbstr. 145a
D 22767 Hamburg
Post Box:
21 46, D 24511 Neumünster
Legal form: Private
limited company
Share capital: EUR 4,700,000.00
Registered
on: 07.03.2007
Reg. data: 20355 Hamburg, HRB 100369
COMPANY HISTORY
company name and legal form
2010 - 07.12.2017 Otto Markert & Sohn GmbH
Schmidtkamp 1
D 22605 Hamburg
Private limited
company
20.08.2005 - 2009 Otto Markert & Sohn GmbH
Große Elbstr. 145a
D 22767 Hamburg
Private limited
company
18.12.1996 - 19.08.2005 Otto Markert & Sohn GmbH
Schmidtkamp 1
D 22605 Hamburg
Private limited
company
23.11.1996 - 17.12.1996 Otto Markert & Sohn GmbH
Droopweg 31
D 20537 Hamburg
Private limited company
BUSINESS ACTIVITIES
Sectors
13960 Manufacture of technical textiles
46693 Wholesale of other equipment and accessories
for machinery and technical supplies
46903 Non-specialized wholesale trade
BRANCHES
AND FACTORIES
Branch:
Otto Markert & Sohn
GmbH
Oderstr. 51
D 24539 Neumünster
TEL.: 04321/8701-0
FAX.: 04321/8701-275
Branch:
Otto Markert & Sohn GmbH
Greenville - Centrum Zuid
1111
B 3530
Houthlaen-Helchteren
TEL.: 0032/11397530
FAX.: 0032/11397534
PARTICIPATIONS
Shareholder:
Alfons Markert & Co. GmbH
Große Elbstr. 145a
D 22767 Hamburg
Legal form: Private
limited company
Company Status: active
Share capital: EUR 2,000,000.00
Share: EUR 2,000,000.00
Reg. data: 30.06.1975
Local court
20355 Hamburg
HRB 17588
FINANCIAL
INFORMATION
Payment
experience: no complaints
Negative
information: We have no negative
information at hand.
REAL
ESTATE
Type of ownership: Tenant
Address Große
Elbstr. 145a
D 22767 Hamburg
Land register documents were not available.
BANKERS
COMMERZBANK, 20454 HAMBURG
Sort. code: 20040000
BIC: COBADEHHXXX
UNICREDIT BANK - HYPOVEREINSBANK, 20454
HAMBURG
Sort. code: 20030000
BIC: HYVEDEMM300
FINANCIAL
FIGURES
Financial year: 01.01. - 31.12.
Share capital: EUR
5,000,000.00
The number of employees is not known.
Control and profit transfer agreement to:
Markert
Beteiligungsgesellschaft mbH
Große Elbstr. 145a
D 22767 Hamburg
Post Box:
21 46, D 24511 Neumünster
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.74 |
|
|
1 |
INR 86.01 |
|
Euro |
1 |
INR 76.14 |
|
Euro |
1 |
INR 76.55 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIS |
|
|
|
|
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.